The Business Times, 21 March 1992
1992-03-21
1
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The Business Times
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Title Section17 1992-03-21 1 Business Times MITA (P) 35/12/91 Weekend Edition, March 21-22 1992 THE BUSINESS PAPER EOR S-E ASIA 75*17 words
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NEWS & MARKETS SUMMARY
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Article28 1992-03-21 1 WALL STREET advanced slightly in early trading yesterday, with the Dow Jones index gaining 2.24 points to stand at 3,263.64 five minutes after the opening bell.28 words
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Article26 1992-03-21 1 SHARE PRICES were higher on the London Stock Exchange yesterday morning. At 1200 GMT, the FTSE-100 share index was up 2.2 points at 2469.8.26 words
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65 1992-03-21 1 KUALA LUMPUR The Federation of Malaysian Manufacturers (FMM) said yesterday that Malaysia's cheap labour days are over. Manufacturers have to be more efficient and produce higher value-added products in line with a tighter labour market, FMM executive director Tan Keok Yin said.65 words
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Article44 1992-03-21 1 DIVERSIFIED Nat Steel reported lower net earnings of $41.86 million for the year ended Dec 31, 1991, down 20 per cent over the previous year. The group's profits were dragged down by the electronics business which lost $9.3 million Page 344 words
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Article25 1992-03-21 1 OVERSEAS Union Bank has achieved better-than-expected results. Group net earnings for 1991 rose 6 per cent to $90.71 million Page 325 words
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Article23 1992-03-21 1 HIGH interest cost and the depressed transpacific freight market slashed 6S per cent off Neptune Orient Lines profits. Page 323 words
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Article33 1992-03-21 1 WHILE tomorrow's general election in Thailand seemingly offers the choice to break the armed forces' stranglehold on politics, most believe the ultimate winners will be the military Page 733 words
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Article, Illustration28 1992-03-21 1 Friday Change BT-MGA 692.66 -1.44 Kuala Lumpur ....603.19 +5.23 Tokyo Closed Hongkong 5,015.81 +25.22 Sydney 1,585.1 +13.7 Thursday Change New York 3,261.40 +7.15 London 2,467.62 2.928 words
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Article23 1992-03-21 1 Exchange rates USS SS 1.6640 100 Yen SS 1.2436 MS SS 0.6423 Money nuHtct rates Overnight 2 3/4 3-month 3 5/16% -1/1623 words
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Article36 1992-03-21 1 London Go4d AM fix USS337.60 -US$0.90 Rubber S'porc Apr.... 139.50*/kg +1.25 M'sia Apr 214.00*/kg +1 KL rm Turnover 19 tonnes -21 Spot M$l4.27/kg +0.08 Crode palm oil Turnover 2,455 lots -546 May MS947 /tonne -636 words
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579 1992-03-21 1 Genevieve Cua - Overseas operations, high interest expense contribute to losses By Genevieve Cua SINGAPORE Going global is easier said than done, soft drinks maker Yeo Hiap Seng has found out. The company yesterday announced its worst ever result due to losses on overseas579 words
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466 1992-03-21 1 Shoeb Kagda - By Shoeb Kagda SINGAPORE Regional primary producing countries have reacted positively to Singapore's efforts to create an international commodity market, said the general manager of the newly set up RAS Commodity Exchange. In an interview with BT, Quek Kar Tung said Thailand,466 words
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394 1992-03-21 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE About a hundred people employed in the branches of Bank America Corp and Security Pacific Corp here are likely to lose their jobs when the two American banks merge next month, with the cuts going394 words
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Article, Illustration452 1992-03-21 1 But he vows to crush any challenge to communism AFP, AP Reuter, UPI BEIJING Premier Li Peng, opening the annual session of China's parliament, called yesterday for bold and timely new measures supporting patriarch Deng Xiaoping's economic reform revival butAFP,; AP; Reuter,; UPI - 452 words
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Page 1 Advertisements
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Advertisement116 1992-03-21 1 Nikon TtwWtorid'sßnMt Photograph* Syrtam. COVER Where the richl and famous shop in S'pore. EL 1 mC Aircraft Schedule EL 11 Commodrties 19 Company News 3£ Cryptic Crossword EL 11 Executive tote EL 10 Futures Options 18 Interbank Fore* Rates 18 KLSE 13 Money Clanger Rates EL 11 Money Market 18116 words
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Advertisement24 1992-03-21 1 OPINIONS How Singapore can maintain a strong manufacturing sector. EL 2 3 new Bills give boost to commodity trading, Other Parliament reports, Pg 224 words
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Advertisement22 1992-03-21 1 PURSUITS Reviews of The Addams Family waA Bitty Bathgate. EL 6 BankAm Corp to cut 12,000 jobs after SecPac takeover, Pr 622 words
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Advertisement155 1992-03-21 1 The hospitable 4* VI folk of Oman. EL 7 Since 1735 there has never been a quartz Blancpain watch. And there never will be. OTrdXffihfe S»**3BKESS Model shown 6595 1418 58 .IS. BlancpaiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by hand155 words
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Advertisement21 1992-03-21 1 Nikon ThiWbrid'tßnMt Photographic Sytfam. FINANCE Thai Airways SnHT6 ISSUC. LL O JNH Chance to own choke Australiait real estate. EL 921 words
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Advertisement17 1992-03-21 1 JOBS Ben Di Smit" corporate I mwtrhnwker. China to crack down on illegal land leasing, Pg 917 words
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SINGAPORE NEWS
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Article348 1992-03-21 2 I HE HOUSING and Development Board (HDB) is saddled with almost 12,000 unexecuted leases, some going back to 1978, National Development Minister S Dhanabalan revealed yesterday. More than 10,000 mortgage documents with the HDB are also unexecuted. A new provision allows the board to execute a lease mortgage348 words
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NEWS ROUNDUP
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155 1992-03-21 2 THE MINISTRY of Labour has said the Minimum Sum under the Central Provident Fund will be increased by 3.4 per cent, from $32,700 to $33,800 next month, in line with the 1991 rise in the Consumer Price Index. The intention is to preserve155 words
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Article55 1992-03-21 2 THE Swedish Finance Ministry has agreed to extend its Avoidance of Double Taxation Agreement with Singapore until Dec 31, 2000. Under the agreement, which was signed in 1968, Sweden gives a 15 per cent tax credit for Singaporederived interest and dividends, and exemption of taxes for 5055 words
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Article77 1992-03-21 2 THE National Wages Council, now in session to discuss the 1992/1993 wage guidelines, has invited the public to express views on topics including guidelines for the flexible wage system, wage increases, part-time employment, lifting the retirement age, worker training and productivity. Members of the public77 words
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Article111 1992-03-21 2 DEFENCE MINISTER Dr Yeo Ning Hong will visit Australia and New Zealand from today until March 28. Dr Yeo was invited by Australia's Defence Minister, Senator Robert Ray. Dr Yeo will also call on Prime Minister Paul Keating, Foreign Affairs and Trade Minister Senator Gareth111 words
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124 1992-03-21 2 SINGAPORE The Ministry of Information and the Arts (Mita) has advised the public that the January 1992 edition of the Singapore Government Directory is not an approved edition, although it may be on sale. Mita said yesterday the next approved edition would124 words
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448 1992-03-21 2 Yesterday in Parliament SINGAPORE'S position as an international commodity trading centre was given a lift with the enactment of three new Bills in Parliament yesterday. In introducing the Trade Development Board (Amendment) Bill 1992, the Rubber Industry Bill 1992 and the Commodity448 words
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Article, Illustration359 1992-03-21 2 Kenneth James, Chuang Peck Ming,Shoeb Kagda - Reports by Kenneth James, Chuang Peck Ming,Shoeb Kagda THE government will foot half the operating bill of the new National Council of Social Services (NCSS) for the next three years, Community Development Minister Yeo Cheow Tong told Parliament yesterday. By359 words
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292 1992-03-21 2 FINANCIAL institutions will have their privacy safeguarded in a proposed Bill that allows the authorities to seize assets of drug traffickers, Home Affairs Minister S Jayakumar assured Parliament yesterday. Moving the second reading of the Drug Trafficking (Confiscation of Benefits) Bill,292 words
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314 1992-03-21 2 WITH the setting up of the new Nanyang Polytechnic, a total of 1 OS,OOO graduates would be added to the workforce by the end of the decade, Senior Minister of State (Education) Tay Eng Soon said. This should please employers who,314 words
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Article, Illustration260 1992-03-21 2 Rahita Elias - New system will ensure high quality transmission By Rahita Elias SINGAPORE Telecom has invested another $8 million in a transmission monitoring system for the national digital telephone network. President and chief executive officer Wong Hung Khim yesterday said that the investment would "ensure260 words
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237 1992-03-21 2 THE Housing and Development Board (HDB) is proposing to allow town councils to apply for community funds to beautify and improve the common areas under their management. Minister of State for National Development Lim Hng Kiang said last night that237 words
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Page 2 Advertisements
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Advertisement116 1992-03-21 2 wi©TOSwiiiK"® [Hie StrciitsTlnies -dsi HieStiuitslln ■himmmmi Bu>h irnvw for vwt —'"'V* Sr S 8* it H te Ss&BWBi t P sst fc I»Hp|| fajjgli TrDu© TTBobd©© (Mlfcra If you've been away for a period of time, isnt it assuring to know that you can still keep up to date with116 words
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COMPANY NEWS 1
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549 1992-03-21 3 Lilian Ang - By Lilian Ang SINGAPORE Despite a strong showing by the steel division, diversified Nat Steel has turned in lower net earnings of $41.86 million for the year to Dec 31, 1991 down 20 per cent on the previous year's figure. Group profits were549 words
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520 1992-03-21 3 Magdalene Ng - By Magdalene Ng SINGAPORE Overseas Union Bank Ltd (OUB) turned in a healthy 6 per cent growth in group net earnings for 1991, surprising analysts who had projected slower growth. The smallest of Singapore's Big Four banks, OUB made $90.71520 words
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Article503 1992-03-21 3 Decline of 3.4 pc mainly due to slower business at Mandarin Hotel SINGAPORE After recording a 10-year high in earnings during 1990, the Gulf War early last year brought Overseas Union Enterprise Ltd's (OUE) 1991 profits back to earth. Net earnings for the OUE503 words
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Article310 1992-03-21 3 SINGAPORE Kay Hian James Capel Holdings Ltd, one of Singapore's three listed stockbroking firms, has reported a fall in turnover and net earnings for the year ended Dec 31, 1991. The results are in line with similar performances notched up by its listed rivals, G310 words
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439 1992-03-21 3 Claire Leow - By Claire Leow SINGAPORE Backed by a good showing from its associate companies and higher investment income, Chuan Hup Holdings reported a three-fold jump in net earnings to $6.74 million for the interim half ended Dec 31, 1991. Income from associated companies of the439 words
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COMPANY BRIEFS
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59 1992-03-21 3 SINGAPORE Orchard Parade Holdings Ltd's 1991 net earnings dropped 44.4 per cent to $3.14 million from $5.6 million a year earlier. Group pre-tax profit for the year ended Dec 31 1991 declined 12.8 per cent to $5.5 million from $6.4 million, while group turnover fell59 words
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Article65 1992-03-21 3 SINGAPORE Kuala Lumpur-incorporated Guinness Anchor Bhd posted a 21.8 per cent jump in group net earnings to M 570.9 million (5545.56 million) for the six months ended Dec 31, 1991, from M 558.2 million a year earlier. Group turnover grew 14.5 per cent to M 5525.7365 words
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36 1992-03-21 3 SINGAPORE Superior Metal Printing Ltd announced that it acquired a Ss6 million fully-automated flexible packaging production line. The new facility is expected to double the company's capacity to produce packaging products.36 words
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Article38 1992-03-21 3 SINGAPORE Stamford Tyres Corporation Ltd told the Stock Exchange of Singapore that Mr Wee Kok Wah has acquired 288,000 shares in the company. Mr Wee is a director and substantial shareholder of Stamford Tyres.38 words
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187 1992-03-21 3 SINGAPORE Telekom Malaysia Bhd has reported a big rise in net earnings and turnover for the year to Dec 31, 1991. Announcing preliminary results yesterday, the recently privatised company attributed the performance to a 14 per cent increase in demand for its core187 words
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COMPANY BRIEFS
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114 1992-03-21 4 HONGKONG China's booming Shenzhen special economic zone plans to overhaul regulations governing share trading, particularly for the "B" shares reserved for foreigners, a Shenzhen stock exchange member said yesterday. Mr Tony Town, managing director of Shum Yip Investment and Development Co Ltd, said the114 words
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Article73 1992-03-21 4 BANGKOK The list of candidates selected to serve on the Securities and Exchange Commission (SEC) has run into a major obstacle as the law bars political appointees, The Nation reported. The proposed list of names for the 11-member SEC features a number of senators73 words
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Article115 1992-03-21 4 BANGKOK The Thai Cabinet has rejected a proposal for Thai Airways International Ltd to buy seven Airbus A33os during 1996-98, a Cabinet source said on Thursday. The 300-seat Airbus aircraft sought by Thai Airways were part of a new 19-plane fleet for which the airline115 words
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Article119 1992-03-21 4 KUALA LUMPUR MBf Holdings Bhd which was awarded the sole distributorship for Norinco construction machinery in 1990, plans to expand into assembly and manufacturing of these equipment in five years. Its director, Wong Ilock Seng, said yesterday that MBf sold Ms 9 million (555.78 million)119 words
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486 1992-03-21 4 Lee Han Shih - Faltering US economy cited as reason for poor showing By Lee Han Shih SINGAPORE A combination of high interest cost and the depressed trans-Pacific freight market slashed 65 per cent off Neptune Orient Lines (NOL)'s profits on all operations apart from vessel sale.486 words
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303 1992-03-21 4 S N Vasuki - By S N Vasuki SINGAPORE Pacific Carriers Limited (PCL), the shipping arm of Robert Kuok's multinational business empire, has reported a marginal growth in turnover and net earnings for the vear ended Dec 31, 1991. The company said in an announcement yesterday303 words
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347 1992-03-21 4 Joseph Rajendran - Reports by Joseph Rajendran SINGAPORE Venture Manufacturing (Singapore) yesterday launched its public offer of 12 million shares which will be listed on the Stock Exchange of Singapore's second board. The third company seeking a listing on Sesdaq this year. Venture is347 words
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254 1992-03-21 4 SINGAPORE Venture Manufacturing (Singapore) Ltd, which is seeking a Sesdaq listing, hopes to widen its range of customers in the manufacturing industry. Venture now manufactures about 182 electrical components and products, up from 135 in 1990. It hopes to continue diversifying254 words
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430 1992-03-21 4 Lee Han Shih - By Lee Han Shih SINGAPORE Singapore Aerospace (SAe) yesterday reported a big jump in both turnover and operating profits for 1991, but said its earnings growth for the year was totally flat due to higher tax charges. For the 12430 words
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Article, Illustration281 1992-03-21 4 Reuter HONGKONG The upturn in hotel group Mandarin Oriental International Ltd's business, which began in the second half of last year, has continued in the early months of 1992, chairman Simon Keswick said yesterday. The company, which is 50 per cent owned byReuter - 281 words
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420 1992-03-21 4 Florence Chong - Scheme starting on March 30 provides for settlement within 5 business days From Florence Chong in SYDNEY THE Australian Slock Exchange (ASX) will introduce a rolling fixed-date settlement for share trading from March 30, which stipulates that a broker must settle transactions within five420 words
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285 1992-03-21 5 Talks on strategic alliance with American Airlines confirmed AFP ICALGARY, Canada The "financially troubled Canadian Airlines International and American Airlines confirmed on Thursday they were considering a "comprehensive strategic alliance" which !could include an equity deal. Rumours that the two carriers were considering aAFP - 285 words
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269 1992-03-21 5 UPI HOUSTON Continental Airlines Holdings Inc stock stopped trading at the end of yesterday, six weeks after the firm filed a reorganisation plan that would make its current stock worthless. The American Stock Exchange agreed late Wednesday to halt trading of Continental'sUPI - 269 words
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373 1992-03-21 5 Reuter LONDON British spirits and brewing group Guinness Pic said on Thursday pre-tax profits jumped 13 per cent last year, but added that it saw no speedy economic recovery in several key markets, notably Britain and the United States. Guinness posted a pre-taxReuter - 373 words
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COMPANY BRIEFS
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84 1992-03-21 5 BONN Luxury car maker Bayerische Motoren Werke AG (BMW) said its 1991 group net profit rose 12.5 per cent to 782.7 million marks (*****.5 million) from 1990. slightly higher than forecast by analysts. A company statement said BMW would pay out an unchanged 199184 words
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Article41 1992-03-21 5 ATLANTA Coca-Cola Co chairman and chief executive officer Roberto C Goizueta received a package of company stock worth about US$Bl million (SS 134.8 million) in addition to his multi-million-dollar salary and bonus compensation last year.41 words
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Article31 1992-03-21 5 HARTFORD. Connecticut Colt Manufacturing Co. the gun maker whose six-shooters tamed the West, filed for bankruptcy protection on Thursday, hobbled by weak sales and declining military contracts.31 words
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Article61 1992-03-21 5 New York Laura Ashley Holdings pic, the Londonbased clothing and home furnishings company, has hired a unit of Federal Express Corp to streamline its complex distribution network. The company said the agreement would eliminate costly inefficiencies and result in annual savings of up to 12 per61 words
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Article60 1992-03-21 5 LONDON Cable and Wireless, the British telecommunications company, on Thursday announced measures for reorganisation, a provision of £50 million (S$ 142.2 million) this year and forecast savings of £175 million next year. The company also said that it was merging its PCN mobile telephone division operated60 words
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453 1992-03-21 5 Reuter STOCKHOLM AB Volvo lost heavily on its own vehicle operations in 1991, but income from shareholdings in Regie Nationale des Usines Renault and Procordia swung the group back to a 1.53 billion crown (Ss42l million) profit. The profit afterReuter - 453 words
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Article281 1992-03-21 5 Reuter LUDWIGSHAFEN, Germany BASF AG said group sales rose 2 per cent to 7.7 billion marks (557.686 billion) in the first two months of 1992 from the same period last year. BASF also announced that it would reduce its group workforce byReuter - 281 words
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Page 3 Advertisements
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Advertisement553 1992-03-21 3 Singapore H Aerospace I The Board of Directors of Singapore Aerospace Ltd announces:AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1991 1 The Company The Group 1901 1990 +/H 1991 1990 If $•000 $*000 $tXX> $*000 1 Turnover 23,499 8,067 191 373,767 234,050 60 H. 2 Operating profit 3,535 1,214553 words
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Page 4 Advertisements
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Advertisement613 1992-03-21 4 Kay Hian James Capel Holdings Limited ANNOUNCEMENT The (tractors of Kay Hian James Capel Holdings Ltd (the "Company") wish to announce the fofoMng resulsAUDfTED RESULTS FOR THE YEAR ENDED 31ST DECEMBER 1991 9 Months Preforms Ended Year Ended Year Ended 1990 1990 1991 %Chsnge Company Group Company Group Group $*000613 words
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Page 5 Advertisements
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Advertisement212 1992-03-21 5 Are you another Kenneth James? f| n Business Times, Kenneth takes charge of the economy. He is our Economics Correspondent, the writer who brings to I bear his economics expertise on the Pr «jxxPK world as it really works. He watches out for the signs that spell boom or doom,212 words
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FINANCIAL NEWS
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Article, Illustration523 1992-03-21 6 Reuter HONGKONG Hongkong's pro-Beijing press, often a mouthpiece for official Chinese comment, stepped up its criticism yesterday of HSBC Holdings pic's politi-cally-charged plan to bid for Midland Bank pic. The daily Ta Kung Pao called on HSBC, the parent of HongkongReuter - 523 words
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223 1992-03-21 6 Reuter LONDON Lloyds Bank pic could be looking for a major acquisition to avoid being dwarfed by its British rivals if Midland Bank pic is bought by Hongkong's HSBC Holdings pic, banking sources said on Thursday. They said Lloyds mayReuter - 223 words
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311 1992-03-21 6 Reuter LOS ANGELES BankAmerica Corp said on Thursday that it plans to cut up to 12,000 jobs within three years following its takeover of Security Pacific Corp, which is expected to be completed soon. The Federal Reserve Board, the last regulatoryReuter - 311 words
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Article, Illustration521 1992-03-21 6 DBS Bank weekly currency review US$/Dm: bullish trend intact The bullish pennant pattern seen in the daily bar chart last week failed to materialise. Instead the US dollar broke the 1.6580-mark support level on Tuesday, causing the greenback to drop to a low of521 words
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208 1992-03-21 6 SINGAPORE Ceres Trading Ltd, a partnership linked to the Chicago Board of Trade (CBOT), has signed a letter of intent to buy EJV Brokerage Inc, an electronic inter-dealer broker in the spot market for US government securities. The CBOT said the acquisition208 words
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SHIPS IN PORT
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Article488 1992-03-21 6 u 1 U M- 1 .1 n«n ■■>■■■ 1 U IL VeSSa toy HO Mnn VTTV3I J«Wni! VfiSQ VOy HO Mnn ATnVa INplntft Marina Terminal 1 Sembawang Terminal Batam Mum *****2 M05 alongside 20 03/2300 Orange Ocean 110 S01 atorfade 2003/1600 Batamndo 1 174S M01 alongside 20488 words
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Article973 1992-03-21 6 E E 2 NG OF EXPORT FCL CONTAINERS AND LCL CARGO a* Voy No Etb/Btr (•cord 'enod Booking/Balanci From To IMs From ACX Rub) 48A 22/0700 20/1700 21/0700 ?»TP 9 9 21/0900 21/1400 Ad Goncharov 10SI92 21/1500 20/1500 20/1659 20/1900 Agostin Neto 06-92E 23/0900 21/0700 21/1200 9 9973 words
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THE REGION 1
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Article, Illustration771 1992-03-21 7 Run-up to Thailand's general election Murder, allegations of vote buying and titillating tales of politicians' personal lives it could be a plot of an Oliver Stone movie. But the setting is not some Hollywood stage and for the millions771 words
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Article, Illustration602 1992-03-21 7 Michelle Rowe, Andrew Cooke - Reports b> i a i r Michelle Rowe, Andrew Cooke PRO-DEMOCRACY campaigners in Thailand have urged the military and other "nonelected elements" not to interfere in the formation of government and the selection of a prime minister after tomorrow's general election.602 words
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Article, Illustration564 1992-03-21 7 Chart Thai Party Led by Air Chief Marshal Somboon Rahong, the party of deposed Prime Minister Chatichai Choonhavan shows a willingness to form a coalition with other political parties, including those backed by the leaders of the February 1991 coup. Party candidates primarily comprise564 words
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369 1992-03-21 8 New govt must act on it at start of term: Bank of Thailand governor BANGKOK The new Thai government should seriously pursue development of a quality labour force if it wants to continue the previous governments' policy of making Thailand an industrialised country.369 words
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249 1992-03-21 8 JAKARTA The Federation of Indonesian Cigarette Producer Associations (Gappri), the main opposition group of the country's Clove Stock Managing and Marketing Board (BPPC) is undergoing a shakeup in its membership with the resignation of PT HM Sampoerna, a major clove-blended cigarette producer, the Jakarta249 words
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Page 7 Advertisements
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Advertisement149 1992-03-21 7 Call for quality labour force in Thailand, Pg 8 f 20 March 1992 VENTURE VENTURE MANUFACTURING (SINGAPORE) LTD (Incorporated in the Republic of Singapore) Invitation in respect of 12,000,000 ordinary shares of $0.25 each comprising 8,000,000 New Shares and 4,000,000 Vendor Shares at $0.40 for each Share payable in full149 words
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Page 8 Advertisements
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Advertisement1003 1992-03-21 8 —p o OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce: The Bank The Group 1991 1990 WH 1991 1990 SS'OOO SS'OOO SS'OOO Ss'ooo 1) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1991 (a) Net1,003 words
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Advertisement587 1992-03-21 8 V OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Enterprise Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1991 The Company The Group 1991 1990 1991 1990 SS'OOO Ss'ooo SS'OOO SS'OOO Turnover 129,442 134,022 (3.42)587 words
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THE WORLD
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471 1992-03-21 9 Australian satellite to be launched tomorrow AFP BEIJING China, which will launch a telecommunications satellite for Australia tomorrow, wants to confirm its presence on the world sat-ellite-launching market, despite still using craft industry techniques to make its rockets, experts say. The launching of AussatAFP - 471 words
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Article, Illustration38 1992-03-21 9 BEIJING A red star looms over the opening session of the National People's Congress. In his address to the Congress yesterday, Prime Minister Li Peng vowed to promote economic reforms but not political change.38 words
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401 1992-03-21 9 Reuter BRUSSELS European Community treaty scholars are at each others' throats over what exactly will happen after the advent of an EC single market next Jan 1. The debate, which has yet to spread beyond the corridors of power in Brussels, centresReuter - 401 words
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285 1992-03-21 9 Reuter SYDNEY An index of consumer sentiment compiled by Westpac Banking Corp and the Melbourne Institute shows Australian consumer confidence continued to improve in March and that inflation expectations remained low. The index rose to an adjusted 89.8 in March from 85.9 in February,Reuter - 285 words
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252 1992-03-21 9 Reuter CANBERRA Australian Prime Minister Paul Keating will go on trial on national television on Monday accused of murder of the Australian economy. The prosecutor in the mock trial will be former New Zealand prime minister David Lange and theReuter - 252 words
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278 1992-03-21 9 AFP BEIJING China's State Land Administration plans to crack down on a thriving illegal real estate trade involving the transfer of land to foreign investors, an official newspaper said yesterday. The administration will act this year against the unauthorised transfer of "land-useAFP - 278 words
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537 1992-03-21 9 Reuter DETROIT Detroit's Big Three car makers were not impressed on Thursday by Japan's announcement that it will reduce the number of cars it exports to the United States, saying the Japanese are still not playing fair. Meanwhile, the United States said itReuter - 537 words
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WORLD WATCH
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54 1992-03-21 9 TAIPEI Taiwan, easing restrictions on investment in China, will allow its businessmen to manufacture 58 more types of product in factories on the mainland. The additions include basic machine tools, some household electrical appliances, cameras, digital watches, batteries and musical instruments, an Investment54 words
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Article73 1992-03-21 9 PARIS France chalked up a current account surplus of 4.9 billion francs (S$ 1.43 billion) in January, on the basis of seasonally adjusted data. The Finance Ministry noted that that compares with a revised deficit of 5.65 billion francs in December. In view of the revised73 words
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Article74 1992-03-21 9 WIESBADEN, Germany Germany recorded a deficit in trade in the western part of the country in January and had a surplus in the east, but both performances marked a sharp downturn, the Federal Statistics Office said yesterday. Overall, there was a surplus of just 50 million74 words
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Article51 1992-03-21 9 PRAGUE Czechoslovakia's mass privatisation programme, under which thousands of state-owned firms are to be sold off, will begin on May 18. Finance Minister Vaclav Klaus announced the date after meeting the privatisation ministers of Czechoslovakia's two constituent republics in the Slovak capital Bratislava on51 words
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Article58 1992-03-21 9 BUDAPEST Hungary is intensifying efforts to collect over US$3.2 billion (555.32 billion) its former Comecon partners accumulated as outstanding debt during the existence of the communist inspired "brotherhood of countries". According to figures released by the Ministry for International Economic Relations, the former Soviet Union gathered58 words
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Article55 1992-03-21 9 BRUSSELS The European Community is adopting measures to protect industrial designs for products ranging from toys to cars from piracy. The Commission, which says rules across the EC now vary widely, has drafted legislation that would provide uniform 20-year protection across the EC for industrial designs55 words
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Page 9 Advertisements
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Advertisement96 1992-03-21 9 V A Sail on t>£?rd the 105* luxury A fcß catamaran ISLAND JADE. Sponsors: MOUNT GAY •CITIZEN Autolielm W £mcsjN va c i m mens Vtf tennis at Kallang Iplj South-east Asia's biggest professional flff* tournament PRIZE MONEY OF J $425,000 UP FOR GRABS! MARCH3O-APR*.S flf S MONDAY TO FRIDAY96 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4082 1992-03-21 10 William Chia - By William Chia SINGAPORE'S benchmark Straits Times Industrials Index continued its week-long decline with a 0.58 point fall to 1,435.81 yesterday. It shed a total of 30.27 points for the whole week. Brokers said the market saw another quiet day of trading as4,082 words
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Article2964 1992-03-21 11 GE Life 1770 330 +22.9% BAT 2I« 590 +15 +2.6% CMB Packaging 585 +15 +2 6% 1CB 505 +13 +2.6% DBS Foreign 1290 +10 >0 8% S1A Foreign 1920 10 0.5% Alliance Tech 79 +9 +12.9% Straits Trading 284 9 +3.3% UOI 245 +9 3.8%2,964 words
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Advertisement123 1992-03-21 11 Shine) YOUR KEY TO BETTER BUSINESS DECISIONS! Shine is Singapore Press Holdings'inforich database financial statements highlights, graphs, latest results team: T. S. Luion74o 1035, Hazel Ong on 740 1771 or on Teleview, which incidentally is the most advanced and company news. Tony Chiaon 740 1033. videotext system in the world.123 words
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Article3133 1992-03-21 12 Leader U 565 +10 +1 8% M Banking 515 +10 +2.0% Landmarks Bhd 110 7 +6.8% PMC 50* 168 7 +4.3% Sime Darby 50« 278 +7 +2.6% Esso 50« 484 f6 +1.3% KL Kepong 250 +6 +2.5% Amal Steel 50« 239 +5 +2.1% Gentings 50«3,133 words
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Page 12 Advertisements
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Advertisement54 1992-03-21 12 IF YOU'VE GOT TELEVIEW FOR TOP-NOTCH INFORMATION ON SINGAPORE PRESS HOLDINGS' INFORICH DATABASE Local Financial News ll Food, Entertainment 81 Shopping A Travel Vacation Planning 31 CI Fashion Beauty Sports Health Singapore Press Holdings Electronic Publishing Division And Lots more! 82 (anting Lane, News Centre, Singapore 1334. Tel: 743-8800 I54 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5107 1992-03-21 13 Bernama SHARE PRICES on the Kuala Lumpur Stock Exchange closed higher yesterday on late buying of selected stocks after prices had moved sideways earlier, brokers said. "Bargain hunters moved in for second and third liners in the afternoon," said a broker. "Some blue chipsBernama - 5,107 words
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STOCK EXCHANGE OF THAILAND
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2212 1992-03-21 14 Reuter FINANCE SHARES were active and led yesterday's price rises on the Bangkok bourse. The SET index ended 2.61 points higher at 814.39 on a turnover of 7.29 billion baht. If people believed the (Sunday general) election would change the fundamentals, it shouldReuter - 2,212 words
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JAKARTA STOCK EXCHANGE
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1196 1992-03-21 14 JAKARTA STOCKS closed barely changed yesterday, with the index 0.68 point higher at 277.49. Brokers said profit-taking kept some shares under pressure. Interest remained limited in yesterday's half-day session in which 3.31 million shares were traded. Gudang Garam fell back to 4,450 rupiah from1,196 words
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Page 14 Advertisements
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Advertisement7 1992-03-21 14 Plan your career in the Every Wednesday7 words
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Advertisement85 1992-03-21 14 QUALITY RECRUITMENT use the Appointments pages MODERN OFFICE The StraitsHmes (April 6,1992) your chance to advertise in a special feature that will enhance your products or services.. .and to reach out to your target audience effectively. Our feature on MODERN OFFICE is geared to attract a large number of readers85 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2581 1992-03-21 15 Reuter HONGKONG stocks closed higher yesterday after a day of erratic play provoked by speculation in second line stocks. "Institutions are now looking to switch their holdings into lower liners," said James Osborn, assistant director at Baring Securities. The blue-chip Hang Seng IndexReuter - 2,581 words
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Article1934 1992-03-21 15 The Tokyo market was closed yesterday. Be Ion are Thursday's prices Vol Vol Mar 20 Yen High Ix>w COO) PE Yen High Low COO) PE Ajinomoto 1420 -10.000 1450 1380 ***** 76 Jujo Paper 607 6 610 590 ***** 35 Akai Electric 540 -15 550 535 64601,934 words
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Page 15 Advertisements
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Advertisement10 1992-03-21 15 1 SingaPort '92 A special BT supplement March 25, 199210 words
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AUSTRALIAN STOCK EXCHANGE
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2304 1992-03-21 16 Reuter AUSTRALIAN STOCKS closed at their highs yesterday as local investors returned to the market which was able to focus on local issues as the volatile Tokyo market was closed for a public holiday. "The market had been oversold over the last few daysReuter - 2,304 words
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REGIONAL STOCK MARKETS
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Manila market rallies after long decline
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Article570 1992-03-21 16 PHILIPPINE share prices ended higher yesterday as investors sparked a market rebound after a long decline caused by concern over political instability ahead of next May's national elections, brokers said. The Manila Stock Exchange Composite Index climbed 15.10 points to end at 1,120.17. "A clear indication that the bottom570 words
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Article813 1992-03-21 16 SEOUL STOCKS ended slightly higher yesterday, helped by strong gains posted by Hyundai Group shares, most of which went limit-up, brokers said. "Most Hyundai shares reached upper limits on rumours that (Hyundai founder) Chung Ju-yung's newlyformed Unification National Party would do better than expected (in the March 24 election),"813 words
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Article539 1992-03-21 16 THE TAIWAN stock index wavered narrowly during the whole session yesterday and finished higher in slow trade on political concerns. The weighted index finished at 4,818.18, 7.95 points higher than Thursday's 4,810.23 close. Turnover was a thin NT$l7.l billion against NTS 19.7 billion. Brokers said early gains on a539 words
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Article304 1992-03-21 16 NEW ZEALAND shares hit a new four-month low earlier yesterday, but overseas buying of a handful of blue chips helped the main index recover to end steady overall yesterday. Brokers said the market was still grappling with a welter of equity offerings over the next few months, and304 words
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Article51 1992-03-21 16 INDICES TURNOVER Close PrevkMM Mar 20 NEW ZEALAND NZSE-40 Capital 1.438.81 1.439.19 -0 38 MANILA Composite Index 1.120.17 1.105.07 15.10 Turnover (million) 1.400 269.5 1.130.5 TAIPEI Weighted Price Index 4.818.18 4.810.23 7.95 Turnover (NTS billion) 17.1 19.7 -2.6 SEOUL Composite Stock Index 615.39 612.67 +2.72 Turnover (billion won) 372.3 314851 words
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Page 16 Advertisements
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Advertisement12 1992-03-21 16 Yesterday's Bombay report was not available. The market was closed on Thursday.12 words
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WORLD STOCK MARKETS
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Drop in jobless claims gives Dow a boost
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Article, Illustration1218 1992-03-21 17 US STOCK PRICES edged higher on Thursday, buoyed by an unexpectedly big drop in weekly jobless claims and a rebound on the Tokyo stock market. A firmer bond market also lent support. The Dow Jones Industrial Average closed 7.15 points higher at 3,261.40. In the broader market, advances1,218 words
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Article, Illustration900 1992-03-21 17 London shares ended on Thursday little changed from Wednesday's level, as a firmer Wall Street opening helped the market recover from earlier falls. The FT-SE 100 Index closed at 2,467.6, up 2.9 points from Wednesday's close. The FT-30 Index dropped 2.7 points to 1,923.1. Trading volume was 478.1 million900 words
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Article237 1992-03-21 17 GERMAN shares drifted down on a batch of gloomy corporate announcements on Thursday, cancelling out the modest gains of the last two days and pushing the 30-share DAX index back to near support at the 1,720 point level. Yesterday's expiry of four instru- ments on the DTB futures and237 words
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Article182 1992-03-21 17 ITALIAN SHARES closed broadly higher on Thursday as the market continued a technical rally driven by gains in the industrial sector, although prices came off their opening peaks. Dealers said trading, although above Wednesday's 87 billion lire, remained very thin and was largely generated by technical position adjustments. Pirelli182 words
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Article231 1992-03-21 17 WEAK French bond prices, nagging worries of a possible German rate rise and caution ahead of tomorrow's French regional elections tugged the Paris bourse down on Thursday. Traders said revived talk of a German rate rise weighed on the market despite the fact that the Bundesbank made no such231 words
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Article180 1992-03-21 17 BELGIAN SHARES on Thursday ended a slow trading day lower in line with a generally depressed tone on other European markets. The Bel-20 index of leading shares cased 3.52 points, or 0.29 per cent, to 1,204.54, after hitting a low of 1,203.22. Volume was worth a modest 796 million180 words
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Article123 1992-03-21 17 PRICES on the Stockholm bourse closed higher on Thursday in record volume of 1.73 billion crowns, supported by substantial gains for Asea shares and big internal deals in steel firm Sandvik's restricted A-shares. The all-share index closed 0.53 per cent higher at 996.86. The top-16 index gained 0.36 per123 words
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Article373 1992-03-21 17 TRADING was mostly quiet on the Johannesburg Stock Exchange yesterday morning as nervous investors continued to watch the financial rand which was expected to influence trading for the rest of the day, dealers said. "There is a lot of jobbing and the rest of the market is nervously watching373 words
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Article279 1992-03-21 17 SWISS SHARES on Thursday ended a moderately active session just off the day's high. Dealers said active buying in index-heavyweight BBC Brown Boveri led the market higher, while gains in other blue chips remained moderate. The all-share SPI index rose 6.9 points to 1,140.6 and the SMI index of279 words
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Article225 1992-03-21 17 DUTCH SHARES closed mixed in subdued trading on Thursday with corporate news sparking business in several individual issues, but turnover in these selected stocks remained fairly low as well, dealers said. "It's been dull and dead. There simply weren't any impulses to give the market a big swing," one225 words
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Article261 1992-03-21 17 STRENGTH in banks and communications and media issues lifted Toronto stocks although the broad market closed mixed on Thursday, dealers said. "There just hasn't really been a trend at all," said Bruce Hart man, a director with Midland Walwyn Capital. The TSE 300 composite index rose 14.87 points to261 words
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Article45 1992-03-21 17 Vienna Mar 19 Asch Akg Holding 2550 30 Bank Austria (P) 511 I E Mlgcm (P) 2650 45 Jungbunzl ***** 170 Lenzing 1077 1 Leykam 400 3 Montana Oesterr Brau 3950 unch Sempent 108 +2 Steyr 263 I Veitscher 400 unch Source: Z-Landerbank Bank Austria45 words
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Article87 1992-03-21 17 INDICES TURNOVER NEW YORK Close Pwiwis Mar 19 Dow Jones S& P 500 Turnover (million) 3.261.40 409 80 197.2 3.254 25 409 15 190 8 f 7.15 +0.65 6.4 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.923.1 2.467.6 478.1 1.925.8 2.464 7 446 5 -2.7 2.9 31.6 FRANKFURT DAX87 words
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Page 17 Advertisements
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Advertisement14 1992-03-21 17 Innovation Technology in Business Times every Tuesday Personal Finance Investment in BT every Saturday14 words
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CURRENCY, MONEY & FUTURES MARKETS
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1196 1992-03-21 18 REPORTS ASIA THE US dollar charted a steady course through the Asian day, keeping within expected ranges in thin, uneventful trade yesterday. At about 0730 GMT, the US unit was changing hands at 133.71/75 yen against 133.55/60 yen at1,196 words
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Article376 1992-03-21 18 Cress rates Mar 20 USS S$ MS Dm Yen SFr AS NZS USS 1 6610 2.5920 1.6720 133.50 0.5848 1.5160 1.3167 1.8215 SS 0.6020 1.5605 1.0066 80.3733 0.3521 0.9127 0.7927 1.0966 MS 0.3858 0.64 0.6451 51.5046 0.2256 0.5849 0.5080 0.7027 Dm 0.5981 0.9934 1.5502 79.84 0.3498 0.9067376 words
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Article535 1992-03-21 18 Interbank rates SS Bid Offer Overnight 2 3/4 3 1-mpnth 3 3/16 3 5/16 2-mdnth 3 1/4 3 3/8 VmQMh 3 5/16 3 7/16 Overnight mode: 3-3/16 LSS Bid Offer 7 days 4 1/8 4 1/4 1 month 4 1/4 4 3/8 2 mfonths 4 1/4 4 3/8535 words
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Article, Illustration357 1992-03-21 18 Reuter TOKYO The mark is likely to keep rising against the yen through the first half of calendar 1992, mainly on expectations that German interest rates will remain higher than those in Japan, Tokyo dealers said. "The Japan-Germany interest rate differentialReuter; Source: Telerate - 357 words
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256 1992-03-21 18 Reuter MEXICO CITY The Mexican government will likely set the legal wheels in motion in April to lop three zeros off the peso, a government official has said. "It is very likely" the government will present Congress with a legislative initiativeReuter - 256 words
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Article967 1992-03-21 18 SjjjjEX EUtOOOCUO Open High Low Sett Est Vol Act/Vol Ojv'lnt Jun 92 95.28 95J8 1800 5103 ***** Sep 92 94.82 94.84 94.82 94.83 1600 4800 8720 Dec 92 93.99 94.02 93.99 94.01 1150 2619 6862 Mar 93 93.71 93.74 93.71 93.73 400 516 3133 Jun 93 93.21 93.22967 words
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Page 18 Advertisements
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Advertisement7 1992-03-21 18 Enterprise Management in Business Times every Monday7 words
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Advertisement14 1992-03-21 18 The Straits Times Classified Where n buyers I sellers I I meet a USC<^14 words
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COMMODITIES
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Article, Illustration377 1992-03-21 19 FT LONDON Oil prices could remain stuck at current low levels or even slide further without more decisive action by members of the Organisation of Petroleum Exporting Countries, many market observers believe. Traders felt that Opec's decision atFT; Source: Petro Finance's Market Intelligence Service; FT graphics - 377 words
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268 1992-03-21 19 Bernama KUALA LUMPUR Malaysia's natural rubber production in January 1992 increased by 31 per cent or 31,103 tonnes to 129,952 tonnes compared with production in December 1991, the statistics department said. The department said in its monthly rubber statisticsBernama - 268 words
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873 1992-03-21 19 REPORTS THE price of tin continued its climb to close eight sen higher at M$ 14.27 a kg on the Kuala Lumpur Tin Market yesterday, prompted by short covering activity and lower offerings in early trade. Dealers said the emergence of strong873 words
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Article1357 1992-03-21 19 KUPOer Mar 20 m \m Mwj Scents/kg Noon Close Int I RSS Prompt 139.2VI40.25N 139.*****.SON Int I RSS Apr 92 I39.2VI39.75 139.50/140.00 Int I RSS May 140.00/140.50 140.25/140.75 Int 2 RSS OP I37.0Q/I38.00N 137.00/138.00N Int 3 RSS OP 136.50/137. SON I36.50/137.50N Int 4 RSS OP 134.50/135.50N I34.5Q/I35.50N Int 51,357 words
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Page 19 Advertisements
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Advertisement6 1992-03-21 19 Innovation Technology in BT every Tuesday6 words
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Advertisement494 1992-03-21 19 BUSINESS TIMES Toll free Tel No 737 0Q43 'Fax No: 734 3698 kltwMMrd Dm Caapniaa Ad Cap SO andnteMtfvoT CPAS PTE LTD (In Mantel Vduttry Updaton) NOTICE IS HEREBY GIVEN gl It Sacton 301(1) d N iNA4C*SOfMtoFM -1 aa a. _J A. Of MRKVI Of W DM Company ba haid494 words
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455 1992-03-21 20 Anti-recession tax cut package a challenge to Congress AFP, AP, Reuter WASHINGTON President (iwrgc Bush was scheduled yesterday to attempt to lorcc billions of dollars in Kovcrnment spending cuts in a direct challenge to the I )cmocrat-controlled US < ongress. Mr BushAFP,; AP,; Reuter - 455 words
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365 1992-03-21 20 AFP, AP BRUSSELS The European Community could soon propose the lifting of United Nations embargoes on oil and arms sales to South Africa, as well as a UN ban on nuclear cooperation, an EC spokesman said here yesterday. The announcement, madeAFP,; AP - 365 words
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483 1992-03-21 20 AFP, NYT WASHINGTON The United States on Thursday urged all American citizens in Libya to leave immediately because an embargo may be imposed by the United Nations and air links severed. Other governments yesterday also urged their nationals to leave as Tripoli,AFP,; NYT - 483 words
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Article, Illustration528 1992-03-21 20 AP, Reuter, UPI KIEV, Ukraine Leaders of the Commonwealth of Independent States opened a make-or-break summit yesterday with a warning from Ukrainian President Leonid Kravchuk that their fragile community was on the edge of an economic abyss. He said concern was growing over theAP,; Reuter,; UPI - 528 words
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410 1992-03-21 20 Ang Wan May - By Ang Wan May SINGAPORE Vietnam has offered the Singapore Manufacturers' Association a 100-to-200-ha piece of land for SMA members to invest in. This was disclosed to BT by SMA deputy president Bob Tan yesterday. Mr Tan, who recently led an410 words
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407 1992-03-21 20 Salil Tripathi - By Salil Tripathi SINGAPORE Business and trade will be high on the agenda of Deputy Prime Minister and Minister for Trade and Industry, Briga-dier-General (Res) Lee Hsien Loong as he goes to India on an official visit from tomorrow to407 words
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226 1992-03-21 20 SINGAPORE The Ministry of Communications has clarified that Malaysians who work here are allowed to use Malaysian-registered vehicles but only if they pay Singapore's registration fees. The clarification comes in the wake of Malaysian press reports stating that Singapore has banned the use of226 words
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380 1992-03-21 20 AFP, AF BEIJING China's leaders have ordered the Shenzhen Special Economic Zone to transform itself into a "socialist Hongkong", a news report said yesterday. "Central leadership comrades want Shenzhen to become a socialist 'Hongkong' and to set a good example," Shenzhen CommunistAFP,; AF - 380 words
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Page 20 Advertisements
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Advertisement14 1992-03-21 20 ICHARTPOINT Every Saturday in I Business Times The long road ahead, EL Pg 214 words
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Advertisement7 1992-03-21 20 chartpointl Every Saturday in Business Times I7 words
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Executive Lifestyle
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Article, Illustration1409 1992-03-21 21 Hong Lee Tiam,Susan Tsang - When money talks, retailers listen. Some of them talk to Hong Lee Tiam and Susan Tsang about the shopping habits of their favourite clients Hong Lee Tiam,Susan Tsang THERE is a running story about a carpet dealer who once sold a $20,000 carpet to anPhotos by Chris Loh - 1,409 words
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STRAWS IN THE WIND
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Article51 1992-03-21 21 FROM a newspaper report: "A businessman who molested three SIA stewardesses on a flight from Beijing to Singapore on Dec 18 was fined 1,000 on each of three counts. He had consumed more than 10 glasses of wine and was high." Now that's a high flyer for51 words
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Article70 1992-03-21 21 THE South China Morning Post recently reported the story about a top executive who had gone to court to fight a parking offence. A reporter happened to call him at that time and was told: "He's at a meeting." The next time you have to call70 words
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Article48 1992-03-21 21 SOMETIMES, it's hard to make yourself understood. A journalist called a contact the other day and tried to leave a message saying that she was calling from Business Times. The person who took the message thought that she was a secretary for a Mrs Ties.48 words
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Article42 1992-03-21 21 GOING to Vietnam but feeling a bit apprehensive? Put yourself in the care of one tour company which sent us a fax offering "Experienced Inerpretors". Yes, that's exactly how it was spelt. It's not exactly calculated to instill great confidence.42 words
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OPINIONS
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Article, Illustration849 1992-03-21 22 Tye Kim Khiat - A recent stir Down Under, caired by the contents of an amateur video, may actually work in Australia's favour, writes Tye Kim Khiat Tye Kim Khiat The writer is a Melbourne-based journalist who contributes to BT LAST week, Australia was convulsed by black humour the airing849 words
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Article, Illustration758 1992-03-21 22 Dee Rissik - Despite the positive results of this week's referendum in South Africa, Dee Rissik feels a lot more work needs to be done Dee Rissik 77ic writer is a Johannesburg-based journalist who contributes to BT SOUTH Africans breathed a collective sigh of relief on the afternoon of758 words
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Article197 1992-03-21 22 Farok Majeed - LETTERS TO THE EDITOR Farok Majeed Senior Director Rawlinsons Partnership International THERE seems to be many complaints about delays in getting planning approvals from the Urban Redevelopment Authority. It is important that we look at the situation in proper perspective. The construction and real estate197 words
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Article158 1992-03-21 22 D W Distant - D W Distant A LOT of information goes out to shareholders when a company is the subject of a bid, with both bidder and company giving their reasons why shareholders should or should not accept the bid. It is rather odd then that where the shares158 words
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Article1045 1992-03-21 22 P C Abraham - P C Abraham says Singapore must look beyond its traditional markets and attract capital-intensive investment in order to maintain a strong manufacturing sector P C Abraham The writer runs his own busings* consultancy in Singapore IN THE long term, Singapore's manufacturing sector will weaken if it continues1,045 words
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SPORTS
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Article, Illustration639 1992-03-21 23 AP KEY BISCAYNE, Honda Gabriela Sabatini fell behind before overtaking Steffi Graf with the help of a wildly supportive crowd. Jennifer Capriati fell behind and stayed there. An aggressive Sabatini rallied past her archrival 3-6, 7-6 (7-5), 6-1 in Thursday night'sAP - 639 words
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SIDE LINES
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94 1992-03-21 23 COLOGNE Tristan Nancarrow, the bad boy of squash, fbught back from a clash with a wall and a match point against him to beat second seed fellow Australian Chris Dittmar at the German Open here on Thursday. After his 15-11, 8-11, 11-15, 17-15, 15-1094 words
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Article84 1992-03-21 23 ST PETER PORT, Guernsey Britain's top players all dised their way into the quarter-finals of the Guernsey Open women's squash championship at St Peter Port on Thursday. The home favourites, Martine Le Moignan and Lisa Opie, won easily against Gloucestershire's Fiona Geaves and Rebecca Best84 words
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Article106 1992-03-21 23 PHOENIX Muffin Spencer-Devlin, coming off one of the worst years in her pro career while battling manic depression, has fired a 4-under-par 69 to grab a share of the lead in the LPGA Standard Register tournament. Spencer-Devlin, one of tour's most charismatic and outspoken figures, employed an106 words
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Article122 1992-03-21 23 AUSTIN, Texas For the second time in two years, Ben Crenshaw's putter has been stolen, and the veteran golfer is hoping he'll be able to get it back one more time. "It is comical, but at the same time it hurts a lot," said Crenshaw, whose122 words
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Article103 1992-03-21 23 3NDIANAPOLIS, Indiana Lee Mcßae, holder of the 55 m Jndoor world record, was barred from competing on the US team against Britain last weekend after the Athletics Congress determined he sexually harassed a female athlete, TAC said Ji£re on Thursday. "The panel found that his conduct103 words
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329 1992-03-21 23 Reuter AUCKLAND New Zealand's batsmen practised against local leg-spinners yesterday to prepare for the menace of Pakistan's Mushtaq Ahmed in today's World Cup cricket semifinal. The amateur wrist spinners put the New Zealanders through a hard test in the nets, but Pakistan captain ImranReuter - 329 words
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358 1992-03-21 23 Reuter ORLANDO, Florida Fred Couples continued his hot play on the US men's golf tour as he shot a five-under-par 67 to take the first round lead at the US$l million (Ssl.6 million) Nestle Invitational on Thursday. Couples recorded Five birdies and noReuter - 358 words
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EPICURE
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Article, Illustration507 1992-03-21 24 Quek Swee Peng - Quek Swee Peng curbed her carnivorous cravings one day this month Quek Swee Peng VEGETARIAN meals are somewhat similar to "Let's Pretend" games that children play. Placed before you is sharksfin soup. They are not real sharksfins. They are vegetarian sharksfins. The serving looks real enough: the507 words
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LIFESTYLE
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Article, Illustration697 1992-03-21 25 N K Yong - WINE By N K Yong CHRISTINE Forner Blanc of Bodegas Marqus de Caceres says with quiet pride: "We have been making wine for a thousand years, so why should we plant foreign grapes?" Why indeed? Christine is the daughter o£. Enrique Forner, who funded Caceres, one of Riomost697 words
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Article, Illustration342 1992-03-21 25 Sybil Hollaway - BRIDGE By Sybil Hollaway THE Sunday Times/Macallan Malt sponsored International Bridge Pairs Championship 1992 has been won in magnificent style by Gabriel Chagas and Marcello Branco with 645 total points, while Bob Hamman and Bobby Wolff of the United States clinched second spot with a342 words
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658 1992-03-21 25 Dr Michael B McGannon - By Dr Michael B McGannon The writer is a Stanford University-trained doctor who is the medical director of INSEAD Business-Health course, which is also offered here. He welcomes queries from readers. Please write to him c/o Executive Lifestyle, Business Times, 390 Kim Seng Road, Singapore 0923.658 words
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PEOPLE
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Article, Illustration131 1992-03-21 25 CREATIVITY is the latest buzz-word for top management these days. It was, therefore, not surprising when the Singapore Institute of Management decided to invite Ned Herrman, the renowned guru who conceptualised the human brain in four quadrants, for its annual management lecture. The response was overwhelming. Executives, lawyers,Photos by Chris Loh - 131 words
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Article, Illustration177 1992-03-21 25 Extravagance was an understatement of the day when the Cycle Carriage Group hosted the launch of its new range of Mitsubishi cars recently. Obviously, COE rates haven't dampened its promo- tions budget. The group turned the Indoor Stadium into a no-expense-spared soiree for about 2,000 guests. They hired177 words
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PURSUITS 1
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Article, Illustration653 1992-03-21 26 Susan Tsang - That creepy, kooky, spooky, ooky Addams family is back, but where is Uncle Fester? Susan Tsang finds out what happens when an imposter enters the house of Gomez Susan Tsang A QUARTER of a century after they disappeared from television, The Addams Family is back with us, on653 words
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Article, Illustration567 1992-03-21 26 Susan Tsang - Before you go, 'Oh no, not another movie on the underworld,' let Susan Tsang tell you why Billy Bathgate is worth watching Susan Tsang BILLY is a lucky kid. Never mind that he lives in a tenement on Bathgate Avenue in the Bronx. The lad has brains, pluck567 words
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Article, Illustration769 1992-03-21 27 Shoeb Kagda - Next time you go to a pub, how about trying a beer with a twist of peach? Shoeb Kagda finds out what's brewing in the designer beer market Shoeb Kagda HERE'S the news designer beer has arrived. Here's the question do beer drinkers care, and were they able769 words
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Article, Illustration737 1992-03-21 27 Cheryl Liew - Cheryl Liew checks out a little HDB outlet at Tampines that's helping even the hopeless-at-art to produce original pieces worthy of display Cheryl Liew BEFORE the year 1986, two kinds of people existed in the world. People who were artistic, and737 words
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Article, Illustration508 1992-03-21 27 Wendy Chan - The best way to experience Oman is to wander around and mingle with its people. Wendy Chan did just that Wendy Chan THE SOUL of Oman lies in the faces of its people. A country composed of widely differing landscapes inhabited by a people just as diverse. OmanPhotos by Wendy Chan - 508 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1324 1992-03-21 28 Loh Hui Yin - STOCK The airline's offer, available since Monday, has drawn considerable foreign interest, even though the carrier did not organise a road show overseas or publish a prospectus in English. Loh Hui Yin explains why. Loh Hui Yin THAI. We reach for the1,324 words
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Article485 1992-03-21 28 Chew Eng Han - STOCK By Chew Eng Han SAL Industrial Leasing can no longer be described simply as a leasing company. It was 10 years ago, but today, it is closer to achieving its stated aim of being a provider of financial engineering and advisory services. The term485 words
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Article, Illustration350 1992-03-21 28 Chew Eng Han - CHART By Chew Eng Han THE Straits times Industrials Index (STII) may be in for another short rebound in the coming week or so. The five-day stochastics are almost at the extreme low of zero and looks like turning up, suggesting thatSource: Bridge Info; Source: Telerate - 350 words
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Article, Illustration982 1992-03-21 29 Florence Chong - The worst of Australia's recession appears to be over and Singaporeans looking to invest in the country might want to consider property trusts, which it pioneered. Florence Chong reports from Sydney on the industry and looks at the options available. Florence ChongSource: EQUINET - 982 words
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Article, Illustration561 1992-03-21 29 THE largest Australian listed property trust is General Property Trust (GPT), capitalised at ASJ.2S billion (SSI.S billion). GPT has some of the country's best office buildings and shopping centres in its portfolio. It owns Australia Square and the MLC Centre both prime buildings in theSource: ASSIRT Reporter; Source: Independent Property Trust Review - 561 words
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485 1992-03-21 29 Residential properties, especially in Sydney, Perth and the Gold Coast, are soughtafter investments by overseas buyers. Foreign investment restrictions, however, have made them less accessible than other forms of investment. Still, this does not mean that foreigners are not able to invest in them.485 words
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JOBS
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Article, Illustration595 1992-03-21 30 Quak Hiang Whai - Ben De Smit, the man who brought Singapore's Seel and France's Alcatel Bell together as technical partners, tells Quak Hiang Whai what's involved in arranging deals between Asian and European companies Quak Hiang Whai BEN De Smit is a matchmaker. As general manager of the Flanders Investment595 words
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Article, Illustration400 1992-03-21 30 Mr Ron Goh has been appointed the new Managing Director in Singapore of Unisys Pte Ltd. Mr Goh will be responsible for the company's strategic business units through the continued provision of leading edge "mission critical" solutions. He was formerly with Is(CR where he established area cooperative marketing400 words
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Article415 1992-03-21 30 GETTING an interview with Ben De Smit is not easy. It's not that the 39-year-old former engineer is unfriendly to the press, but his job as Flanders' Investment Office chief in Asia takes him round and about the region to meet businessmen and then back415 words
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Article, Illustration650 1992-03-21 30 Joseph Rajendran - Joseph Rajendran meets Dimitri Lemonias, newly appointed CEO of Best Western South-east Asia, who says he does not belong to any culture or nationality Joseph Rajendran BORN in Egypt. Grew up in Greece. Educated in South Africa. Worked all over the world. Doesn't belong to650 words
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Article1250 1992-03-21 31 Flight ETA Flight ETD City Flight ETA Flight ETD Abu Dhlbi GA971 nqcfj MH605 1020 SQ104 0830 SQ106 1050 MH670 0950 QF8 2010 QF82 2115 MH642 1220 SQ106 1045 SQ227 2130 SQI07 1305 SQ108 1145 AmtanUm SQ19 0805 SQ24 0115 SQ109 1405 MH64I 1315 KL837 13401,250 words
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THE TRAVEL PAGE
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Article, Illustration701 1992-03-21 31 Maggie Fprd - LETTER FROM JAKARTA By Maggie Fprd Lovers of large, strong-clawed, edible crustaceans who happen to have a weekend oft in Jakarta are frequently unaware of the delights which are but a few hours away. The following is what they should do to take advantage of701 words
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Article151 1992-03-21 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar I.2S47 1.2717 Canadian dollar 1.3734 1.4011 NZ dollar 0.9020 0.9383 Sterling pound 2.8270 2.8653 US dollar 1.6570 1.6640 Local dollars to 100 units of foreign currency Austrian schilling 13.97151 words
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Article64 1992-03-21 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser April 20- Expoship Barbican The Seatrade 0206-***** April 24- International Barcelona. Foire De (34) 23 London *92 Centre, Organisation 28 Motorcar Business Spain Barcelone «£5I April 20- International Birmingham National 44-*****2888 Accessories 24 Electrical Exhibition April 26- International64 words
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TIME OFF
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Article207 1992-03-21 32 SSO Concert Conductor Choo Hoey. Soloist: Regis Pasquier (violin). Programme includes Mozart's Symphony No 6 in C Major, K 425 'Linz'; Berg's Concerto for Violin and Orchestra 'To the Memory of an Angel'; and Tchaikovsky's Suite No 4 in G Major, op 61 Mozart iana'. Venue: Victoria Concert Hall.207 words
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Article, Illustration321 1992-03-21 32 Yasotha M - Compiled by Yasotha M Painting and Jewellery Exhibition Christie's Swire will be holding an exhibition on contemporary Chinese oil paintings; jewellery and watches to be sold in Geneva and New York auctions; and finally an old master painting by Rembrandt to be sold in a London Auction. Venue: Oriental321 words
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Article, Illustration542 1992-03-21 32 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. Midnight tonight at Orchard. See review on EL6. Body Parts. A criminal psychologist has an accident and emerges with a newly-grafted arm and even newer542 words
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Page 21 Advertisements
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Advertisement64 1992-03-21 21 I II TlSfl All M iSm^mM BI^ISNHMfI YOU HAVE A DREAM? These men have $850 million to make it come true Venture capital funds have already helped some 100 Singapore companies realise their potential. However, there teL^SS are signs now that more money is rv?2^^V^ floating around than there are64 words
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Page 22 Advertisements
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Advertisement25 1992-03-21 22 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 22 Miscellaneous
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Miscellaneous42 1992-03-21 22 DOONESBURY BY GARRY TRUDEAU \S^jaS!TrnMo!frsmS\ IHe SAM! IN D&efCT STORMS I \0»& rTMONTSPHX IXUG6* I fWOJ- I KAMI NOT «£T ■j C4 yrW™« I BOUNDTOPOPUPPOHBSTIOUY'\ I NDM*/TH&XLSOHP! D£- I CHAMNS I SUWfPC&TI S7**p 5Z2W p««nC| I y*tta&CN*nuortswv\\cMN66n)vmoMLsm- I STANPA I m M"w42 words
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Page 23 Advertisements
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Advertisement326 1992-03-21 23 SHOW 2 YOUR WAY TO THE 1992 BRITISH OPEN niJIRFTELD, SCOTLAND, HOME OF THE 1992 BIUTISH OPEN 1 I I Jck iMttr .1 IgflfflM fill < I WM.I iV 3 idfi#l;uill Here's an opportunity to literally nnincu riDCKI and/or Spalding golf products at swing your way to the British Open326 words
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Page 24 Advertisements
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Advertisement583 1992-03-21 24 Nothing Beats A Bud. IBM OF Get Nostalgic with the pf| The Sunbirds are now hitting the right notes with familiar favourites and catchy classics by Cliff Richard, Neil Sedaka, the Everly Brothers or The Beatles, nightly from 9.30 pm except Sundays. Happy Hour: Mon Fri (12 pm to 8.30583 words
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Advertisement225 1992-03-21 24 WHERE TO WINE, DINE... .jP" *a« Be a Singsation Member! For just $500 a year, you'll be a member of Singsation. the only theme karaoke lounge in town. Take your pick from different theme rooms and enjoy these privileges: Free bottle of liquor worth $350 10% discount at all F&B225 words
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Advertisement325 1992-03-21 24 WE VE JUST BRED A NEW WINNER at The Stables S| JMf The Businessmen's Derby Lunch (tfff A delectable choicc of appetisers and soup. fotkmcd closely by your pick from five delightful {iY*y main dishes and a selection of desserts Finish M with coffee or tea. Only $28.00+ Closed for325 words
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Page 25 Advertisements
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Advertisement229 1992-03-21 25 AND ENTERTAIN 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 and sandwiches... and a freshly-brewed cup of229 words
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Page 26 Advertisements
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Advertisement117 1992-03-21 26 o ft KRAFT GENERAL FOODS INTERNATIONAL PRESENTS THE RAY BROWN TRIO AND JAMES MORRISON I Kraft General Foods International presents the Ray Brown Trio and the incredibly gifted James Morrison. Together, they will mesmerize a select audience with jazz that's spontaneous, soulful and above all, memorable. Date Thursday, March 26117 words
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Page 28 Advertisements
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Advertisement247 1992-03-21 28 FINANCE AND INSURANCE SUPPLEMENT 1993 A special Business Times Survey May 4,1992 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 growth and247 words
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Page 29 Advertisements
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Advertisement144 1992-03-21 29 expres^Sß!^K\N Turn your into instantly at Get cash on the spot for your shares for 1,2 or 3 months at 1% per month. Scripless counters are also acceptable. Flat (discounted) For more information, call our toil-free numbers. Hong Leong Finance 223 0936 Singapore Finance 226 3398 ONLY FROM HOMLHMS FMMO144 words
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Page 30 Advertisements
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Advertisement25 1992-03-21 30 FOR SUCCESSFUL MANAGEMENT OF YOUR iUHNESS ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Business Times25 words
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Page 31 Advertisements
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Advertisement42 1992-03-21 31 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 (tart to Pin rath42 words
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Advertisement24 1992-03-21 31 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.24 words
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Advertisement107 1992-03-21 31 Gull War... kj~» *4#» h,'s£> e y-'fl|^-^^fc^yw^%^fc^3SMß^^S^BiJ§bSS^s A year has gone by since the Gulf War ended and Kuwait freed from the yoke of oppression. The pace of physical recovery is amazing. Much of what money can buy or restore has been made good. But have the people recovered from107 words
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Page 31 Miscellaneous
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Miscellaneous266 1992-03-21 31 7 One may bowl a maiden I j I over, or get a wicket (4,5) f 1 I I I L_L_L_L—_L-L--L—L—l 8 Affixed an Ih* j^H 10 Side to side movement by "1 a footballer, perhaps (8) Hi to show to H H 12 Similar to a family group j266 words
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Miscellaneous166 1992-03-21 31 Singapore Outlook: Showers over a few areas in the afternoon. Report: Maximum temperature 33.5 Assoc humidity 60% Minimum temperature 25.7 Assoc humidity 94% Hours of sunshine 8.35 Rainfall in mm Nil Rainfall this month 32.5 Rainy days this month 5 World report Asia-Pacific Hi/Lo* Cond. Auckland 26/16 Showers Bangkok 34/26166 words
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Miscellaneous34 1992-03-21 31 1 UMSH 7^jou~&* 0O»RV»OUf? 7 LJC GCT TVfePO UHTH SOOND or T»e eFFECTfi or cHe&Teß.;pcftg>/5 Wl \/W^SB^LNn*tfNG\ XiJL- —W'Hw.Aif oesccNc GGstußtsi V <N c> jj^ ct, n 8638 y' '»i ASSOCIATED NEWSPAPERS LTD., IM2-IM334 words
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Page 32 Miscellaneous
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Miscellaneous1724 1992-03-21 32 TODAY'S TV llHllffiTflfniH I I 9.30 FortMM Hunter. ai Bersama UJi. 10.30 OouMeMII Ftature 4.00 Kelah Retnaja Angkasak, the Hunter pot ah Padi, 4pm, SBC 5 Today's Gourmet My Mother's (See Movies, Stereo). 4.30 Judiciary In Islam. I* entire directs this Shaw Favourites, 12.30pm, SBC 5 12.20 AM Doubiebill Feature1,724 words
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Miscellaneous666 1992-03-21 32 MOVIES ON TV Never Cry Wolf, Mon, 2.50pm, her father's killer. John SBC 5 Wayne laughs at himself in 1983 Disney nature film. A this 1969 western. He's the scientist is sent to the deso- overweight, one-eyed, lazy late north of Canada to show an d somewhat rusty gun who666 words
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