The Business Times, 28 March 1992
1992-03-28
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The Business Times
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Title Section17 1992-03-28 1 BUSINESS TIMES MITA (P) 35/12/91 Weekend Edition, March 28-29 1992 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS SUMMARY
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Article30 1992-03-28 1 WALL STREET lost ground yesterday morning, with the Dow Jones index of 30 leading industrials falling 8.28 points to stand at 3,259.39 five minutes after the market opened.30 words
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Article42 1992-03-28 1 SHARES prices were lower at midday yesterday, jolted by a new opinion poll showing the opposition Labour Party ahead of the ruling Conservatives. At 1200 GMT, the FTSE 100share index was down 19.8 points, or 0.8 per cent at 2,452.4.42 words
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61 1992-03-28 1 UNITED NATIONS The United States, Britain and France yesterday sought backing for a sanctions resolution against Libya despite conciliatory noises from Tripoli. Security Council President Diego Arria of Venezuela said the sanctions measure would not be put to a vote before61 words
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Article37 1992-03-28 1 GROUP net earnings at United Overseas Bank (UOB) rose 15.8 per cent to $261.62 million for 1991. The growth rate is the best registered among the Big Four local banks. Page 337 words
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Article33 1992-03-28 1 RENONG Bhd performed well during the six months ended Dec 31, 1991, with net earnings more than doubling to Mss3 million from M 522.15 million a year earlier Page 433 words
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Article24 1992-03-28 1 JAPAN, Indonesia's biggest aid donor, is considering Jakarta's call to dissolve a Dutch-chaired group of international aid donors. Page 624 words
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Article24 1992-03-28 1 JAPAN'S economy has not shown signs of recovery or improvement yet, says an official at the Economic Planning Agency Page 724 words
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Article, Illustration29 1992-03-28 1 Friday Change BT-MGA 693.47 -1.16 Kuala Lumpur -....602.71 -1.56 Tokyo 19,636.99 -248.50 Hongkong 5,007.58 -30.13 Sydney 1,576.4 +5.2 Thursday Change New Yoik 3,267.67 +8.28 London 2,472.2 +7.329 words
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Article30 1992-03-28 1 London Gold AM fix US$340.35 -USS0.40 Exchange rates USS S$ 1.6635 100 Yen S$ 1.243 MS SS 0.6423 Money market rates Overnight 2 7/8 -1/16 3-month 3 5/16% unch30 words
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Article29 1992-03-28 1 Rubber S'pore Apr.... 139.25«/kg unch M'sia Apr 217.50«/kg unch KLTiii Turnover 85 tonnes +45 Spot MSI4.25/kg +5 Crude Mkn oil Timlov?rr... 1,287 lots +240 June MS908 /tonne -1429 words
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Article, Illustration510 1992-03-28 1 Colin Tan - Bids for the commercial sites range from $35.5 m to $93.8 m By Colin Tan SINGAPORE Four pub-licly-listed property giants DBS Land Ltd, First Capital Corporation Ltd, City Developments Ltd, and the Singapore Land group are locked in a keen tussle510 words
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193 1992-03-28 1 Reuter HONGKONG Chinese paramount leader Deng Xiaoping said China's experimental stock markets and securities should be scrapped if they prove a mistake within one to two years, the Shenzhen Special Zone Daily said. The official newspaper yesterday published two full pages outlining speechesReuter - 193 words
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414 1992-03-28 1 Lilian Ang - By Lilian Ang SINGAPORE The worst may be over for debt-laden United Industrial Corporation, if its second-half results for 1991 are anything to go by. Although it turned in a net loss of $7.8 million for the full-year, compared414 words
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517 1992-03-28 1 Thai PM-designate's aides tell US not to meddle Reuter BANGKOK prime minister-designate challenged the US yesterday to prove allegations he was involved in dealings with the heroin warlords of the "Golden Triangle". "1 insist upon my innocence," said Narong Wongwan, proposed as prime ministerReuter - 517 words
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Advertisement115 1992-03-28 1 Nikon \|fc, J' Pi„ fit. nin ntilr I fit fnXXi I rHitH ayiwir.. COVER Q Who says only| jtfHßl Porsches have I 1 j class? IMBH**"" EL Aircraft Schedule J| Commodities Company News Cryptic Crossword LL Futures Options 16 Interbank Forex Rates 16 KLSE 11 Money Changer Rates EL 11115 words
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Advertisement13 1992-03-28 1 OPINIONS Global wanning: a hot, urgent issue for Asia to tackle. EL 213 words
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Advertisement37 1992-03-28 1 PROFILE Conversations at Raffles with Steven Chan. EL 3 High-risk stocks that offer high rewards, EL 8 Chinese Bill seeks to ban independent trade unions, Back Page Rental income helps Singljind turn in robust performance, Pg 337 words
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Advertisement306 1992-03-28 1 PURSUITS Reviews of The Doctor and City Slickers EL 6 Checking out a new wine bar. EL 6 One of the great designs of this century And probably the next. J W3jl Ulth central rotor in 21<arat gold, water-resistant to 5 atm B.A ***** 789 The Royal Oak is instantly306 words
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Advertisement8 1992-03-28 1 PURSUITS Gopal Baratham speaks his mind. EL 78 words
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Advertisement20 1992-03-28 1 Nikon ThoWbfM'oFlnoot Photographic tptam. FINANCE EON likely to benefit from KL's car policy. EL 8 Small Aussie companies. EL 920 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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61 1992-03-28 2 TELOK BLANGAH has become the third precinct to endorse the government's programme to upgrade its HDB flats after Marine Parade and Kim Keat. Together, the three precincts returned more than 91 per cent of votes in support of the programme. Yesterday, owners of 1,13661 words
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Article96 1992-03-28 2 THE Environment Ministry yesterday launched a seminar to discuss plans and directions up to the year 2000. In an opening speech. Environment Minister Dr Ahmad Mattar urged ENV officials to take an active role in setting direction. The seminar will, among other things, discuss ENV's role in96 words
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Article38 1992-03-28 2 CHANGI AIRPORT has won two awards. It has been judged best airport in the Asian region in the Sixth Asian Air Freight Industry Awards, and best Asia-Pacific airport at the 1992 Pata Travel Mart.38 words
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Article56 1992-03-28 2 SINGAPORE AIRLINES will make maiden flights to Johannesburg on Sunday and Madrid on Wednesday. After that, both services will be twice-weekly, using Boeing 747 aircraft. The Singapore-Johannesburg connection via Mauritius will take off every Thursday and Sunday, while the SingaporeMadrid connection via Paris or Amsterdam56 words
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Article45 1992-03-28 2 THE Association of Muslim Professionals (AMP) will launch a nationwide programme to promote effective parenting and techniques in July. Known as the AMP Early Childhood and Family Education programme, it is expected to involve about 1,000 parents in the first year.45 words
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325 1992-03-28 2 Dexter Lee - By Dexter Lee HOTELS in Singapore will soon standardise the telephone surcharges that they levy on their guests to make Singapore a more competitive tourist and business destination. The move follows increasing concern that local hotels were pricing themselves out of325 words
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422 1992-03-28 2 Schutz Lee - Gatt's Trade Policy Review By Schutz Lee SINGAPORE'S status as a developing country under the General Agreement on Tariffs and Trade (Gatt) was questioned by some nations during the first review of the Republic's trade policy, which ended on Thursday. Representatives of these countries422 words
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174 1992-03-28 2 DESPITE worries over external factors like the economic woes of its major economic partner, the US, Singapore remains overall a low-risk place to do business. The assessment comes from Hongkong-based Political Economic Risk Consultancy (Perc) in its latest quarterly risk report on Singapore. Perc's174 words
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169 1992-03-28 2 THE MAINTENANCE of Religious Harmony Act, which seeks to prevent interreligious conflict and keep religion and politics separate, will come into effect on March 31. This was announced in the government gazette yesterday. The Act was passed in Parliament and assented to by169 words
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277 1992-03-28 2 John Helmer - From John Helmer in MOSCOW A RUSSIAN delegation which had planned to visit Singapore, Malaysia and Thailand this week has returned home instead. The Moscow City Council (Mossoviet) delegation travelled to Seoul, then flew back to Moscow. The head of277 words
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231 1992-03-28 2 BUOYED by strong construction activity, Ssangyong Cement (Singapore) Ltd ended its fiscal year 1991 last December with strong showing as net earnings rose 148 per cent to 11.6 million. But the results pale in comparison with 1989 and 1990 when231 words
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SHIPS IN PORT
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Article382 1992-03-28 2 frfrl toy No Barth Vmil Departure Vessel Voy No Berth km* Deparfc«_ fljrina Terminal 1 Talang US S03 28 03/1600 29.03/2300 talk Zay Tun 001 1*01 atongMle 28.03/2300 Kyvernrtis NB-148 27 03/0800 29 03/1800 Baton Maiu *****2 M04 alongside 2803/0500 Pakarti 5 90 S02 27 03/2000 30382 words
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Article1071 1992-03-28 2 Deceiving of export fcl containers and lcl cargo Record Bookrg. Balance Rslts Shp Voy No Etb/Btr Period From To From ACX Ruby 49A 29/0700 1 27/1500 27/1659 27/1900 2 27/1700 28/0659 28/0900 3 28/0700 28/1159 28/1400 Aka Bhum 136S 28/2300 1 27/1500 27/1659 27/1900 2 27/1700 28/0659 28/09001,071 words
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COMPANY NEWS 1
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470 1992-03-28 3 Magdalene Ng - Group chalks up best growth among the Big Four banks By Magdalene Ng SINGAPORE United Overseas Bank (UOB) reported group net earnings of $261.62 million for 1991, up 15.8 per cent, which is the best growth registered among the Big Four470 words
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Article, Illustration466 1992-03-28 3 Garment maker advised to go for Sesdaq rather than main board SINGAPORE Garment maker and retailer Heshe Holdings is offering 35.7 million new 25-cent shares at 55 cents apiece which will be listed on Sesdaq. The company was gunning466 words
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279 1992-03-28 3 SINGAPORE Acma Ltd yesterday turned in a flat operating profit for 1991, but investors can take heart from the fact that the listed electronics manufacturer and distributor had managed to maintain its healthy profit margin. For the year ended Dec 31,279 words
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276 1992-03-28 3 SINGAPORE Leader Universal Holdings Bhd, dubbed the "King of Cables" in Malaysia, has recorded a 101.8 per cent jump in group net earnings to M 553.16 million (5534.14 million) for the year ended Dec 31, 1991 from the year earlier. Net earnings276 words
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366 1992-03-28 3 Lilian Ang - By Lilian Ang SINGAPORE Helped by a steady flow of rental income, Singapore Land Ltd raked in $40.65 million in net earnings for the year ended Dec 31, 1991. Sing Land's robust results came as no surprise to analysts who had366 words
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333 1992-03-28 3 Sylvia Wong - By Sylvia Wong SINGAPORE THE construction boom last year boosted Lee Kim Tah Holdings Ltd's (LKT) turnover and profit, but it was a different story for Lum Chang Holdings Ltd. For the year ended Dec 31, 1991, LKTs333 words
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322 1992-03-28 3 SINGAPORE The current corporate results season gave further evidence of the difficult times manufacturers faced last year. Profits were down sharply at two companies printed circuit board maker PentexSchweizer Circuits and audio tape manufacturer General Magnetics Ltd. Pentex had virtually no operating profit322 words
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COMPANY BRIEFS
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113 1992-03-28 4 HONGKONG Shantou, one of China's five special economic zones (SEZ) in southern China, is vying to set up China's third formal stock exchange with the help of foreign banks, the city mayor has said. Shantou Mayor Wu Bo told reporters here113 words
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81 1992-03-28 4 HONGKONG Three Hongkong-listed firms plan to invest a total of over HK$l billion (Ss2l3 million) in China's expanded Shantou special economic zone, mayor Wu Bo was quoted by the South China Morning Post as saying on Thursday. Lai Sun Development Co Ltd plans81 words
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Article90 1992-03-28 4 LONDON Lonrho, the international trading conglomerate has sold to Libya a one third stake in the group s Metropole Hotels for £177 million (Ssso6 million) in spite of the continuing Western outcry over Libya's alleged involvement in terrorism. The deal cut Lonrho's net debt to90 words
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78 1992-03-28 4 LONDON Wellcome, the UK pharmaceuticals group, on Thursday reported pre-tax profits up 34.8 per cent from £181 million (Sssl7 million) to £244 million for the six months to Feb 29. Turnover at the prescription and consumer healthcare businesses reached £812 million for the first78 words
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Article60 1992-03-28 4 ADELAIDE The Adelaide News, Australia's last afternoon newspaper and the start of Rupert Murdoch's international media empire, published its final edition yesterday. The failure of the 69-year-old paper follows the closure of afternoon newspapers in Brisbane and Perth in the past two years. Editor Tony Baker60 words
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268 1992-03-28 4 Reuter TOKYO Cash-strapped US carmaker Chrysler has sold off nearly half its shareholding in Mitsubishi Motors Corp (MMC) for about 27.5 billion yen (Ss34l million), the Japanese company said yesterday. An MMC statement said Chrysler sold 43.6 million $hares onReuter - 268 words
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Article, Illustration449 1992-03-28 4 S N Vasuki - Results of most companies in group exceed analysts' expectations Reports by S N Vasuki SINGAPORE Renong Bhd, the investment holding company of Malaysia's ruling Umno party, performed well during the six months ended Dec 31, 1991 with net earnings more than doubling to Mss3449 words
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413 1992-03-28 4 SINGAPORE Five companies of the Renong group announced interim and full year results on Thursday. United Engineers (Malaysia) Bhd reported a rise in turnover and net earnings for the year ended Dec 31, 1991. The company said that turnover grew 33413 words
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610 1992-03-28 4 Reuter LOS ANGELES Euro Disneyland, scheduled to open on April 12, could provide as much as 20 per cent of Walt Disney Co's earnings within five years, analysts said. Disney owns only 49 per cent of Euro Disney SCA, butReuter - 610 words
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402 1992-03-28 4 Reuter MELBOURNE Australia's largest company, mining and petroleum concern The Broken Hill Pty Co Ltd, heartened the share market yesterday with a better-than-expected third quarter profit of A 5224.2 million (*****.1 million). The result for the three months to Feb 29 wasReuter - 402 words
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Article, Illustration556 1992-03-28 4 UPI AFP PERTH, Australia Iron ore magnate Lang Hancock, one of Australia's richest men, died yesterday as the two women in his life haggled publicly over his fortune, commentators said. Mr Hancock, 83, who was described as "desperately ill" with heart, lungUPI; AFP; Source: File photo - 556 words
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Page 3 Advertisements
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Advertisement138 1992-03-28 3 FACETS OF STYLE Forever rare F.mpire Cut. Sapphire with 18k Cold, set with flawless diamonds fS w CENTURY TIME GEMS Exclusively at LARRY JEWELLERY. Lucky Plaza. Tel. *****07. Orchard Towers. Tel. *****22. Raffles City. Tel. *****48 Ret 809 8 I 70 A 1 SI Rights to appearance owned and copyright138 words
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Advertisement139 1992-03-28 4 I A Prestigious LAW DEGREE I with the University of London I (full-time/part-time) I *0' Levels 1 |gCE 'A' Level I 2 years 9 months I UNIVERSITY OF LONDON I LL.B DEGREE I 3 years I You too can obtain the most sought after degree from the I University of139 words
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Advertisement22 1992-03-28 4 k [vfyes! I love it! jk o"Alewtimes, but not enough. sS^=«.Sponsors: Organiser: v Vy MOUNT GAY M PCITIZEN Autolielm W "Wm** erucsgtL22 words
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FINANCIAL NEWS
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537 1992-03-28 5 Reuter NEW YORK Wall Street powerhouse Salomon Bros jnc, disgraced last summer in Treasury bond scandal, is mired in a fresh controversy over a huge accidental stock trade that knocked the market down. Traders on the New York Stock Exchange saidReuter - 537 words
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Article, Illustration550 1992-03-28 5 DBS Bank Weekly Currency Review US$/Dm: Dollar uptrend checked? The break above 1.6805 marks proved to be a disappointment as the greenback only managed to reach a high of 1.6850 before trading lower this week. It reached a low of 1.6488 on Wednesday before recovering550 words
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269 1992-03-28 5 Reuter MANILA The Philippine Privatisation Committee set a cash price of 265 pesos (5516.85) per share for the second phase of the privatisation of Philippine National Bank (PNB). The committee, which met with PNB representatives and underwriters, set two prices for the bank'sReuter - 269 words
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262 1992-03-28 5 AFP SEOUL Foreign financial institutions operating in South Korea will be allowed to buy unlimited amounts of local stocks and to deal with unlisted bonds outside the bourse, officials said yesterday. Foreign banks will be allowed to join the Korea Financial Telecommunications and ClearingsAFP - 262 words
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Page 5 Advertisements
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Advertisement191 1992-03-28 5 predictable price reductions of 20% hums less power. j k Am3B6 SXL 25 j AMID 30% each year. "i _V ICROPROCESSOR j flt Best of all, Am3B6SX/SXL CPUs are M ■■■H That's why the Am3B6SX/SXL available today, available in quantity, gso I microprocessor is the microprocessor for and within easy191 words
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THE REGION
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408 1992-03-28 6 Jakarta wants Dutch-chaired group replaced by a new forum AFP TOKYO Japan is considering Indonesia's call to dissolve a Dutch-chaired group of international aid donors and replace it with a separate forum grouped around the World Bank, government officials said on Thursday.AFP - 408 words
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365 1992-03-28 6 Reuter AMSTERDAM Indonesia's abrupt refusal to accept more Dutch aid signals a new mature relationship between the Netherlands and its former colony, Dutch newspapers said on Thursday. "The new relationship can be termed adult," the evening newspaper NRC HandelsbladReuter - 365 words
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NOTE BOOK
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74 1992-03-28 6 SEOUL New Zealand Finance Minister Ruth Richardson was in Seoul yesterday, exhorting South Korea to invest in her country. She arrived in Seoul on Thursday leading a seven-member business delegation for a two-day visit as part of an Asian tour which includes Hongkong,74 words
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Article76 1992-03-28 6 HONGKONG Hongkong recorded an inflation rate of 10.4 per cent in the 12 months to February, slightly below the 10.5 per cent recorded in the year to January, the government said yesterday. The February result compared with an inflation peak of 13.9 per cent recorded in76 words
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Article68 1992-03-28 6 MANILA The Philippine government has barred Filipinos from working in Libya to prevent them from being trapped there if the United Nations imposes sanctions over the 1988 bombing of Pan Am Right 103. Labour Secretary Nieves Confesor also said on Thursday that the government was68 words
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Article55 1992-03-28 6 Santafe De Bogota. COLOMBIA Colombia and Brunei have established diplomatic relations, the Colombian Foreign Ministry announced on Thursday. An agreement establishing the ties at a non-resident ambassador level was signed by Colombia's UN ambassador. Luis Fernando Jaramillo. and his counterpart from Brunei. Java bin Abdul Latif,55 words
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470 1992-03-28 6 S'pore hotels see fall in average room rate: survey South China Morning Post HONGKONG Hongkong hoteliers are the most optimistic in Asia about the business climate and hotels' profitability, according to the results of a global survey carried out by HorwathSouth China Morning Post - 470 words
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Article, Illustration432 1992-03-28 6 Reuter CANBERRA Australian Treasurer John Dawkins said he expects Australia's economic recovery to be more subdued than past recoveries. In a speech to the Economic Planning Advisory Council, he said that national accounts figures for the December quarter showed that "at the veryReuter - 432 words
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321 1992-03-28 6 Reuter SYDNEY Australia, a leading supporter of free trade, yesterday said that agreement on liberalising world trade could be delayed until well into next year because of a lac* of political will, mainly on Europe's part. The LaborReuter - 321 words
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Page 6 Advertisements
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Advertisement1434 1992-03-28 6 British-American Tobacco Company (Singapore) Limited I Notice of Annual General Meeting I NOTICE IS HEREBY GIVEN that the Forty-ninth Annual General Meeting of British-American Tobacco Company (Singapore) Limited will I be held at the Registered Office of the Company, 57 Senoko Drive, Singapore on Tuesday, 28 April 1992 at 11.301,434 words
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THE WORLD
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375 1992-03-28 7 Capital, personal spending growth slowing AFP Reuter TOKYO Japan's economy has not shown signs of recovery or improvement yet, an official at the Economic Planning Agency said yesterday. The official, briefing reporters on the Economic Planning Agency's monthly report to economic ministers,AFP; Reuter - 375 words
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378 1992-03-28 7 Reuter NYT WASHINGTON The number of people filing new claims for unemployment benefits climbed by 15,000 in the second week of March, the Labour Department said on Thursday, suggesting that an economic recovery may be weaker than expected. The department saidReuter; NYT - 378 words
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374 1992-03-28 7 Reuter WASHINGTON The Internal Revenue Service (IRS) is losing billions of tax dollars a year by bungling oversight of foreign companies in the US, critics say. The companies are winding through the labyrinthine tax code with cunning, andReuter - 374 words
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Article, Illustration93 1992-03-28 7 TOKYO Commuters rushing to enter Tokyo's Shinjuku subway station yesterday as rail unions called off a massive strike which paralysed commuter traffic for six hours and inconvenienced more than six million people in the country's two largest metropolitan areas, Tokyo and Osaka. The General Federation of Private93 words
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396 1992-03-28 7 Reuter FRANKFURT A committee of Western bankers decided on Thursday here to grant the republics of the former Soviet Union another 90-day breather on the repayment of principal sums due on their debt with the commercial banks. The roll-over means that the republics, unitedReuter - 396 words
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395 1992-03-28 7 Reuter KIEV A new Ukrainian economic policy approved this week will put the newly independent country on a collision course with the International Monetary Fund (IMF), two leading economists said on Thursday. "I am deeply convinced that neitherReuter - 395 words
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WORLDWATCH
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107 1992-03-28 7 ABU DHABI Arab states want Europe to play a greater role in Middle East peace and to impose sanctions on Israel to force it into a settlement with its neighbours, an Arab League official was quoted yesterday as saying. "Europe should take political and107 words
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Article102 1992-03-28 7 BRUSSELS The European Parliament has strongly attacked a draft agreement setting up the world's biggest common market linking the European Community and Efta. It said the court should have been asked to check the whole accord, not just the part that has been changed since it102 words
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Article100 1992-03-28 7 BONN In a serious rift between two Nato allies, Germany on Thursday suspended all arms shipments to Turkey because of that nation's alleged use of German-supplied weapons against Kurds. The suspension came a day after Turkish warplanes attacked two Kurdish guerilla bases in northern Iraq in100 words
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Article108 1992-03-28 7 BRUSSELS The year-on-year inflation rate in the European Community remained steady for the fourth consecutive month at 4.7 per cent in February, the EC's statistical arm Eurostat said here on Thursday. The corresponding figure in Feb 1991 was 5.5 per cent. But the average monthly rate108 words
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Article98 1992-03-28 7 BRASILIA Brazil this year will pay its private creditor banks US$B billion (S$ 13.2 billion) in overdue interest on its huge foreign debt, a top Central Bank official said. Brazil has only paid part of its overdue interest and according to Arminio Fraga, the98 words
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425 1992-03-28 7 Reuter BERLIN Germany offered on Thursday to help privatise enterprises in the old Soviet bloc but cautioned against repeating the same mistakes that have held up the economic rescue of what used to be communist East Germany. At a conference of 24Reuter - 425 words
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Article, Illustration539 1992-03-28 7 Reuter TOKYO Kevin Costner he's not, but some people do see Yasushi Mieno as the unlikely Robin Hood of Japan's financial markets. The 68-year-old governor of the Bank of Japan (BOJ) hardly robs the rich to give to the poor as RobinReuter - 539 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4052 1992-03-28 8 Chew Eng Han - By Chew Eng Han THE STRAITS Times Industrials Index closed 0.96 point lower at 1,438.76 yesterday, dragged down by the slump in the Tokyo market where the benchmark Nikkei Average fell to a five-year low. The STII was trading about two4,052 words
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Article2919 1992-03-28 9 FAN 990 +20 +2.1% GE Life I860 20 +1.1% Spore Bus 500 630 +15 2.4% Jurong Ship 50* 980 +10 +1.0% OCBC Foreign 1160 +10 +0.9% SIA Foreign 1920 +10 0.5% Spore BusF 500 680 +10 +1.5% Amtek Eng 20* 127 +5 +4.1% Isetan 50*2,919 words
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Advertisement128 1992-03-28 9 I IsKnel YOUR KEY TO BETTERBLJSINESS DECISIONS! I Shine is Singapore Press Holdings' inforich database financial statements highlights, graphs, latest results team: T. S. liu on 740 1035, Hazel Ong on 740 1771 on Teleview, which incidentally is the most advanced and company news. ony C.hia videotex! system in the128 words
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Article3108 1992-03-28 10 PMRl 50* 200 +10 5.3% Shell 468 6 +1.3% 1GB Corpn 50* 125 +5 +4.2% kemayan 50* 77 3 4.1% Bolton 165 +2 +1.2% Scl Properties 85V» +2 +2.4% Sime Darby 50* 287 +2 +0.7% Ind Oxygen Ln 51 +1W +3.0% MBf Finance A 663,108 words
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Page 10 Advertisements
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Advertisement110 1992-03-28 10 Property developers, valuers and G. consultants, address your ll II 11 prospects through 'HOME U II U BUYERS GUIDE', an advertising focus on residential LOCATION properties, home financing and insurance. Gain easy access to them by Efl If locating yourself here. Home ■I W' Buyers Guide is presented in mM110 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5091 1992-03-28 11 Bernama SHARE prices ended lower yesterday in some profit-tak-ing activity as investors turned cautious ahead of the weekend and continued to consolidate their positions. The KLSE Composite Index edged down 1.56 points to 602.71 while the Industrial Index fell 1.36 points to 1,120.63 and theBernama - 5,091 words
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STOCK EXCHANGE OF THAILAND
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2216 1992-03-28 12 Reuter THE SHARE price index rose as investors awaited news of the formation of a new government. Trading was active, spurred by finance and two debut shares. The SET index ended 4.10 points higher at 828.18 on a turnover ofReuter - 2,216 words
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JAKARTA STOCK EXCHANGE
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1185 1992-03-28 12 THE JAKARTA share index barely moved yesterday though turnover picked up in half day trading. Brokers say the market is unlikely to show much activity until the end of the Muslim fasting month. The index eased 0.17 points to 277.93 on a turnover of1,185 words
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Page 12 Advertisements
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Advertisement11 1992-03-28 12 PICK Wjp' cropHß ADVERTISE YOUR JOB OPENINGS in the APPOINTMENTS' columns11 words
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Advertisement169 1992-03-28 12 Plan your career in the Every Wednesday BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 m, m (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF BOOKS The Directors are pleased to declare an interim dividend of 6% (1990 6%) tax exempt representing 1.2 cents169 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2638 1992-03-28 13 Reuter STOCKS slumped in listless trade yesterday and the Nikkei posted a new five-year closing low. A total lack of buying incentives ahead of the weekend and a new fiscal year was compounded by an early morning railway and bus strike that helped sourReuter - 2,638 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2630 1992-03-28 13 Reuter SHARE prices finished lower yesterday after selling emerged on selective blue chips in the afternoon, brokers said. "There was some aggressive sell-down in Cheung Kong after lunch, but it was kind of expected that the market would trace off for the day," saidReuter - 2,630 words
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AUSTRALIAN STOCK EXCHANGE
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2228 1992-03-28 14 Reuter STOCKS closed firmer yesterday amid positive sentiment after a week of thin, choppy trade. Rises offshore overnight buoyed the local share market which refused to be affected by continuing nervousness in Tokyo. A better-than-expected quarterly result from heavyweight BHP sparked a minor rallyReuter - 2,228 words
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REGIONAL STOCK MARKETS
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NZ shares recover fully from Thursday's fall
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Article321 1992-03-28 14 SUPPORT for leading stocks enabled the share market yesterday to make a full recovery by the close from Thursday's sharp fall. The NZSE-40 capital index rose 22.23 points (1.60 per cent) to 1,412.83 but turnover was again moderate at only NZ$l6.9 million. The market had fallen 20 points321 words
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Article838 1992-03-28 14 SHARE prices closed higher in hectic trading yesterday with buying again centred on those shares with low price/earnings ratios, dealers said. They added that the market was able to absorb some profit-taking in the afternoon. "It was a hectic day yesterday with very heavy trading volume. The index fell838 words
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Article499 1992-03-28 14 STOCKS finished slightly higher yesterday on buying in small-capital shares and brokers said the market might test 4,900 points in the near term. The weighted index closed at 4,817.35, 24.81 points higher than Thursday's 4,792.54 finish, with all sectors rising. Turnover was NT523.6 billion, still thin but significantly up499 words
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Article500 1992-03-28 14 SHARE prices moved sideways yesterday in cautious trading as investors, worried about violence in the May national elections, stayed on the sidelines hoping for a technical rally next week, brokers said. "Basically, the market headed sideways as it stayed in a neutral mode. Most investors opted to hold onto500 words
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Article52 1992-03-28 14 INDICES TURNOVER Oo* IV J ITfTKMS M»r 27 NEW ZEALAND NZSE-40 Capital 1.412.83 1.390.60 +22.23 MANILA Composite Index 1.086.11 1.086.60 -0.49 Turnover (million) 390.5 445.1 -54.6 TAIPEI Weighted Price Index 4.817.35 4.792.54 24.81 Turnover (NTS billion) 23.6 20.3 3.3 SEOUL Composite Stock Index 617.38 611.70 5.68 Turnover (billion won) 643.152 words
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Page 14 Advertisements
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Advertisement16 1992-03-28 14 The Bombay share market was closed on Thursday to allow brokers to complete pending settlement work.16 words
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WORLD STOCK MARKETS
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Dow rebounds but broader market slips
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Article, Illustration1427 1992-03-28 15 NEW YORK stocks finished mixed in dull trading on Thursday on a lack of investor enthusiasm in the face of uncertainties over the economy and corporate earnings. Trading was dominated by comput-fcr-guided program trading, with a flurry ot buy programs lifting the Dow from negative territory near the1,427 words
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Article370 1992-03-28 15 Other markets in Europe, South Africa and Canada Johannesburg Mar 26 Rand INDUSTRIALS A Alpha 4100 AECI 985 unch AMIC 8500 350 Abercom 125 Amaprop 700 unch BAZ 1300 Barlows 5800 50 Basil Strk 20 +10 Blyvoor 600 CG Smith ***** -100 Cnagalo 2750 50 Curfin 730 10 Edgars 5500370 words
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Article, Illustration747 1992-03-28 15 THE STOCK market, buoyed by encouraging results from several companies, closed higher on Thursday despite a batch of opinion polls favouring the main opposition Labour party. The blue-chip FTSE-100 Index closed up 7.3 points to 2,472.2 points. The narrower Financial Times 30 Index rose 8.4 points to 1,938.3 points.747 words
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Article176 1992-03-28 15 THE STOCK market "stabilised" on Thursday, operators said, as the DAX spot trend index ended at 1,719.02 points, up a mere 2.76 points by comparison with the Wednesday close. The Commerzbank indicator was up 0.20 point to 1,975.30 points. Operators said investors were "reserved" on Thursday, and stock price176 words
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Article134 1992-03-28 15 SHARES closed mixed on Thursday with a firmer bias after sluggish trade. Prices gained support from firm foreign markets but dealers cited worries about high interest rates as a negative factor. The EOE index ended 0.99 points up at 304.98. DAF ended unchanged at 24.20 guil- ders as worries134 words
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Article297 1992-03-28 15 SHARES closed slightly firmer on Thursday, but off their highs, with investor interest centring on chemical stocks after Ciba-Geigy and Sandoz announced 1991 profit increases of 24 per cent and 15 per cent respectively. The All-Share SPI Index edged up 1.2 points to 1,137.7 after peaking earlier at 1,139.9297 words
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Article143 1992-03-28 15 PRICES on the bourse closed lower on Thursday despite gains on other European markets. Dealers said higher interest rates and profit-taking after recent gains had pulled down prices. The bourse general index fell 0.64 per cent to 993.18 on a turnover of 613 million crowns. Blue chips fell 0.84143 words
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Article350 1992-03-28 15 SHARES closed lower on Thursday but above the day's lows in moderate trading, failing to hold on to Wednesday's gains, when the market closed higher after five consecutive sessions of declining prices. The Bel-20 Index of leading shares closed down 2.74 points to 1,190.63, with trading in Belgian shares350 words
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Article324 1992-03-28 15 GAINS in bank and real estate and construction shares offset losses in other sectors on Thursday, keeping stocks flat, dealers said. Nervousness over Olympia York's debt levels and cash flow situation continued to abate, they added. Analysts have said the banks' exposure to O&Y, the giant property developer which324 words
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Article246 1992-03-28 15 A STRONGER opening on Wall Street nudged the Paris bourse higher on Thursday after a day of trading in a tight range. The CAC-40 index rose 20.57 points, or 0.34 per cent, to 1,934.75 in low trade of 2.03 billion francs worth of shares. The index was trapped in246 words
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Article76 1992-03-28 15 INDICES TURNOVER Mar 26 (lose Prc^ioMS NEW YORK Dow Jones 3.267.67 3.259.39 8.28 S&P 500 407.86 407.52 +0.34 Turnover (million) 176.72 192.65 -15.93 LONDON Financial Times JO 1.938.3 1.929 9 8.4 FTSE 100 2.472.2 2.4649 7.3 Turnover (million) 527.7 406 9 +120.8 FRANKFURT DAX Index 1.719.02 1,716.26 2.76 AMSTERDAM EOE76 words
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Page 15 Advertisements
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Advertisement24 1992-03-28 15 The market reports for Milan and Johannesburg were not available. Innovation Technology in Business Times every Tuesday Personal Finance Investment in BT every Saturday24 words
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CURRENCY, MONEY & FUTURES MARKETS
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1221 1992-03-28 16 REPORTS THE US dollar drifted gently lower over the European midsession yesterday as little in the way of fresh news emerged to shake investors out of their apathy. Traders said there had been an early attempt at 1.6650 marks but this was squashed1,221 words
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Article382 1992-03-28 16 Cross rates Mar 27 USS SS M$ Dm Yen SFr AS NZS US$ 1 6650 2.5890 1.6650 134.20 0.5818 1.5180 1.3072 1.8165 SS 0.6006 1.5550 1.0000 80.6006 0.3495 0.9117 0.7851 1.0910 MS 0.3862 0.64 0.6431 51.8347 0.2247 0.5863 0.5049 0.7016 Dm 0.6006 1.0000 1.5550 80.60 0.3495 0.9117382 words
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Article528 1992-03-28 16 Interbank rates SS Bid Offer Overnight 2 7/8 3 1-month 3 3/16 3 5/16 2-month 3 5/16 3 7/16 3-month 3 5/16 3 7/16 Overnight mode: 3-1/8 USS By Offer 7 days 4 1/4 4 3/8 1 month 4 3/16 4 5/16 2 months 4 3/16 4 5/16528 words
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465 1992-03-28 16 Reuter TOKYO Growing pressures from political turbulence and dubious securities deals, as well as expectations of a credit easing by the Bank of Japan (BOJ), are expected to drive the yen down further against major European currencies. "Interest differentials, weak Tokyo share pricesReuter - 465 words
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Article1272 1992-03-28 16 SIMEX eiwooollaa < Open High Low Sett Est Vol Act/Vot Op/lnt < Jun 92 95.38 95J8 95J6 ***** 9125 ***** Sep 92 94.94 94.94 94.91 94.92 3800 4411 9667 Dec 92 94.15 94.15 94.12 94.15 2600 2507 5834 Mar 93 93.89 93.90 93.86 93.89 1700 1122 3348 <1,272 words
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Page 16 Advertisements
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Advertisement7 1992-03-28 16 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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Article, Illustration686 1992-03-28 17 Reuter BANGKOK Asia's rice trade, enjoying its most active year since 1989, has been boosted by heavy buying from Indonesia, the Commonwealth of Independent States and South Africa. The United States Department of Agriculture last month raised to 800,000 tonnes itsReuter - 686 words
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846 1992-03-28 17 REPORTS THE price of tin on the Kuala Lumpur Tin Market gained five sen to settle at M$ 14.25 a kg yesterday on increased demand prompted by the weaker ringgit. Dealers said the lower premium attracted aggressive foreign buying and the846 words
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Article1367 1992-03-28 17 Rubber Mar 27 MS (M In bates) S cents/kg Noon Oose Int t RSS Prompt 139.25/140.2 5N 139.25/140.25N Int I RSS Apr 92 139.25/139.75 139.25/139.75 Int 1 RSS May 140.50/***** 140.50/141.00 Int 2 RSS OP 138.00/139.00N 138.00/139.00N Int 3 RSS OP 137.50/138.50N 137.50/138. SON Int 4 RSS OP 135.50/I36.50N1,367 words
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Page 17 Advertisements
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Advertisement6 1992-03-28 17 Innovation Technology in BT every Tuesday6 words
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Advertisement1033 1992-03-28 17 BUSINESS TIMES Toll free Tel No 737 0043 'Fax No: 734 3698 la the Matter of the Companies Act, Cap. <• And In the Matter of BINARBIN ENTERPRISES PTE LTD (la Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 10 Anson1,033 words
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525 1992-03-28 18 Catherine Ong - Move will ease UK investors' concern in proposed link-up From Catherine Ong in HONGKONG THE PARENT company of Hongkongßank, HSBC Holdings, said yesterday it would maintain a dual primary listing in Hongkong and London if its proposed merger with Britain's Midland Bank525 words
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283 1992-03-28 18 AP SEOUL Brisk domestic consumption helped South Korea's economy to grow by 8.4 per cent last year, despite slow exports and a record trade deficit, the central bank announced yesterday. Last year's GNP growth was below the previous year's 9.3 per cent, butAP - 283 words
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Article, Illustration440 1992-03-28 18 Reuter AFP SEOUL Political infighting in South Korea's ruling Democratic Liberal Party (DLP) flared yesterday over its humiliating general election defeat, prompting fears the party may split. The feud in the factionridden DLP centres on who should take the blameReuter; AFP - 440 words
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283 1992-03-28 18 AFP BRUSSELS The European Community is working on a plan for standard rules to promote investment and restructuring in developing countries, EC Commissioner for Industry Martin Bangemann has said. He told a press conference on Thursday that the plan was aimedAFP - 283 words
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355 1992-03-28 18 Reuter UPI PHNOM PENH The radical Khmer Rouge battled government troops in central Cambodia even as emergency talks between senior military commanders from rival factions collapsed. Khmer Rouge military chief Son Sen said the fighting in the country's north would continue until UNReuter; UPI - 355 words
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250 1992-03-28 18 AFP WASHINGTON The US Senate approved on Thursday an additional US$25 billion (SS4I.7S billion) in government funds to bail out the nation's savings and loans, bringing the total cost to taxpayers for the clean-up to US$l3O billion. The Bill,AFP - 250 words
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352 1992-03-28 18 AFP Reuter BEIJING China's Communist leaders, who see free trade unions as a threat to their power, have banned independent worker organisations under a Bill submitted yesterday. Any new union must be approved and controlled by a higher-level organisation, with the CommunistAFP; Reuter - 352 words
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280 1992-03-28 18 Reuter SINGAPORE Taiwan will become a transshipment port for China if the two countries can agree to establish direct transportation links which would lead to significantly more bilateral trade, a Taiwanese official said yesterday. The proposed link would raise annual direct bilateral tradeReuter - 280 words
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Page 18 Advertisements
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Advertisement6 1992-03-28 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement240 1992-03-28 18 CHARTPOINT Every Saturday in Business Times Will Their Gamble Pay Off? Banking, garment manufacturing, hotels 1/jKJjJy 111 nil Singaporeans are fearlessly plunging into the Cambodian economy and taking part in its rebuilding. But they face an uneasy peace, primitive infrastructure and legal minefields. What peace I hOfiPflC 111 dividend awaits240 words
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Executive Lifestyle
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Article, Illustration1414 1992-03-28 19 Susan Tsang - In image-conscious Singapore, it seems you're not anybody unless you're zipping around in one of the Big Three Mercedes, BMW or Porsche. Susan Tsang speaks to professionals who are bucking this trend Susan Tsang OH, MY kingdom for a car! Such is thePhotos by Chris Loh and Arthur Lee - 1,414 words
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STRAWS IN THE WIND
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Article45 1992-03-28 19 IF YOU've ever suspected that it is the job of public relations officers in stat boards to withhold information, here's the truth. Said one such PRO to a flustered reporter: "You know lah, I'm not supposed to say anything." That's communication for you.45 words
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Article39 1992-03-28 19 SPOTTED in the classified ads: "Almost '82 Mercedes Benz 280SE auto. MORTIFIED to 300 SE. White colour. Accident free." It probably meant to say 'modified', but we're sure some people found the ad a trifle embarrassing too.39 words
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Article34 1992-03-28 19 HEARD over TV during one of SBC's recruitment ad slots: "We are looking for assistant accountants with a sense of integrity..." Wonder if there are a lot of dishonest accountants around?34 words
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Article29 1992-03-28 19 PRESS release boo-boo. A company advertised itself as a turkey contractor. Of course, it meant turnkey contractor. Maybe the copywriter was hungry at the time of writing.29 words
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Article53 1992-03-28 19 ONE cricket purist irked at the sight of cricketers in blue and green attire instead of the traditional white during the test match between England and Pakistan was heard to remark: "They look like Castrol petrol attendants pitted against Mobil." Maybe the oil companies should consider being sponsors53 words
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OPINIONS
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Article, Illustration975 1992-03-28 20 Anna Teo - Anna Teo discusses the recent call by an MP to revive the 1985 Economic Committee to tackle the current economic slowdown Anna Teo The writer is a BT journalist BRING BACK, for today's needs, the Economic Committee that pulled Singapore out of the recession,975 words
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758 1992-03-28 20 Nirmal Ghosh - Nirmal Ghosh warns of the dangers in ignoring the global warming threat in the Asian region Nirmal Ghosh The writer is a BT journalist Recent data from a United Nations study seeking to predict the impact of global warming on Southeast Asia would758 words
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Article, Illustration668 1992-03-28 20 William Safire - William Safire advises Bill Clinton on William Safire The writer is a columnist with The New York Times, where this comment first appeared NYT LYNDON Johnson had "the Bobby Problem"; Bill Ginton now has "the Hillary Problem." The problem is not that Hillary Ginton, successful lawyer andNYT - 668 words
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PROFILE
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Article, Illustration1783 1992-03-28 21 Margaret Thomas - CONVERSATIONS AT RAFFLES With the EMS case still to be resolved, Steven Chan wondered at first if it might not be better for him to stay out of the public eye. But he finally agreed to speak to Margaret Thomas about his past despair and present hopesPhoto by Chris Loh - 1,783 words
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Article759 1992-03-28 21 But the young seem to have lost sight of that goal, says Steven Chan IF STEVEN Chan had gone into his family's business, he might not have had to suffer the trauma of a Commercial Affairs Department investigation. But then, he might also not759 words
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Article560 1992-03-28 21 THE Singapore system, says Steven Chan, is a very fair one. It offers those who are able, who work hard, and who want to get ahead every chance to do so. It is a system his family benefitted from. "I was from a very poor family. My560 words
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EPICURE
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Article, Illustration616 1992-03-28 22 Quek Swee Peng - Quek Swee Peng enthuses over The Empress Room's enactment of swinging Shanghai in the '20s Quek Swee Peng THE dining room makes quite an impression. Very Chinese. Very chic. The Empress Room's decor denotes the era of 1920s Shanghai. It is a tale of rosewood furniture, wood616 words
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LIFESTYLE
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Article, Illustration789 1992-03-28 23 N K YONG - WINE By N K YONG CHATEAU HautBrion, Premier Cru Classe, Graves, may not have the glamour and panache of a Rothschild Chateau, but among the cognoscenti, it commands the greatest respect for its very fine record of excellence and consistency. Its origins go789 words
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764 1992-03-28 23 Pr Michael B McGannon - By Pr Michael B McGannon The writer is a Stanford University-trained doctor who is the medical director of INSEAD Business-Health course, which is offered here. He welcomes queries from readers. Write to him c/o Executive Lifestyle. Business Times, 390 Kim Seng Road, Singapore764 words
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PEOPLE
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Article, Illustration227 1992-03-28 23 WHY would the Industrial and Commercial Bank of China mainland China's largest banking group with 30,000 branches and half a million staff within one national boundary want to establish its first overseas office in Singapore? It must have been because of Mr Lien Ying Chow,Photos by Chris Loh - 227 words
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Article, Illustration93 1992-03-28 23 IT's nice being feted by an oil company. You know for sure the food will be good. And so it was when Singapore Petroleum Company played host to more than 800 customers and business associates at its annual cocktail reception at the Shangri-La Hotel's Island Ballroom recently.Photos by Arthur Lee - 93 words
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PURSUITS 1
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Article, Illustration667 1992-03-28 24 Susan Tsang - When a doctor ends up as a patient in his own hospital, he soon discovers that all is not well in his profession. Susan Tsang reviews a movie that probes the ills of the medical system Susan Tsang THE DOCTOR here does not refer to Dr Frankenstein,667 words
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Article, Illustration623 1992-03-28 24 Jaime Ee - It's mid-life crisis time for Mitch and his pals, so off they go to gain a little confidence in the company of cattle. Jaime Ee reviews City Slickers, a movie that's supposed to be funny, but isn't Jaime Ee WHAT is the meaning of life?623 words
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Article672 1992-03-28 24 XiuQiong - The place was cosy and the price reasonable, but where was the crowd? XiuQiong found it lonely at a newly opened wine bar in Holland Village XiuQiong WANDERING along Holland Village's Lorong Mambong and breathing in the bourgeoise air of the eminently middle class and672 words
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Article, Illustration702 1992-03-28 24 RINGO LIEW - CD Review By RINGO LIEW GARY MOORE: After Hours With his overworked sentimentality and penchant for string sections, Gary Moore veers dangerously at times to becoming the Richard Clayderman of the blues. Expressing angst lite in place of anguish, the singer-guitarist has won many fans702 words
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Article, Illustration863 1992-03-28 25 S N Vasuki - Gopal Baratham is not a man for cute replies. Ask him a question and he will give it due consideration before replying. S N Vasuki reports S N Vasuki DR GOPAL Baratham winces each time someone refers to him as a neurosurgeon-turned-writer. It is not that the863 words
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Article, Illustration723 1992-03-28 25 Wendy Chan - Wendy Chan discovers why gourmets are willing to drive for hours just to eat at a certain pub in Wales Wendy Chan QUESTION: Why would you want to drive for four hours to Wales just n a pub, when you can stay in London where they'rePhoto by Wendy Chan - 723 words
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Article, Illustration715 1992-03-28 25 Cheryl Liew - Travellers tired of European cities and African safaris are turning their attention to Vietnam. Cheryl Liew checks out the tour packages on offer Cheryl Liew ONCE upon a time, anyone contemplating a holiday in Vietnam would have been admitted into an asylum or given a helmet and the715 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration759 1992-03-28 26 Chew Eng Han - KEEPING Analysts, re-rating Malaysia's motor stocks, expect the distributor of Protons to show the biggest earnings growth. Chew Eng Han reports. Chew Eng Han Motor stocks in Malaysia have been rocked back and forth as the authorities ponder policy options to control759 words
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401 1992-03-28 26 Quak Hiang Whai - Quak Hiang Whai talks to a fund manager who believes it is time to move out of the local currency Quak Hiang Whai SINGAPORE investors should move out of local currency and into assct-backed investments like properties and equities,401 words
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Article719 1992-03-28 26 New issues and news of investment funds seeking to gain exposure to these instruments crop up in Hongkong every week. But just how reliable are these vehicles? South China Morning Post HONGKONG is experiencing something of a China "B" share frenzy, with news of newSouth China Morning Post - 719 words
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Article, Illustration436 1992-03-28 26 Najeeb Jarhom - CHART By Najeeb Jarhom The writer is Research Manager of Fraser Securities THE Singapore stock market is ending the first quarter on a quite note. With the corporate results reporting season coming to a close, fund managers may not have the incentive436 words
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Article, Illustration567 1992-03-28 26 S N Vasuki - Singapore investors should tread cautiously when putting their money in the Shanghai and Shenzhen bourses. S N Vasuki finds out why. S N Vasuki THE Shenzhen stock market, which started from scratch less than a year ago. and the Shanghai bourse are attracting increasing567 words
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Article, Illustration1381 1992-03-28 27 Florence Chong - Nfany of Australia's best known and largest companies are buckling under the forces of recession. Meanwhile, smaller firms have defied the trend and are rewarding investors with higher returns. Florence Chong reports from Sydney. Florence Chong WHEN international funds manager panicked over the devaluation ofSource: Trendex/BRW - 1,381 words
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SPORTS
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SIDE LINES
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121 1992-03-28 28 SAN ANTONIO Top-seeded Martina Navratilova showed no ill effects from a five-week break in singles play as she eliminated Louise Allen 6-1, 6-1 to advance to the quarterfinals of the US Women's Hardcourt Championships on Thursday. As top seed, Navratilova had drawn a first-round121 words
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Article106 1992-03-28 28 WESLEY CHAPEL, Florida Arantxa Sanchez Vicario continued her undefeated doubles season by teaming with Natalia Zvereva for a 6-3, 6-2 first-round victory over Kathy Rinaldi and Jill Hetherington at the Light n' Lively Doubles on Thursday. Sanchez Vicario, playing with her third partner this year, has106 words
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Article157 1992-03-28 28 RANCHO MIRAGE, California Dale Eggeling shot a five-under-par 67 here on Thursday to take the first-round lead in the Dinah Shore tournament, one of the four majors on the women's golf tour. Eggeling, who has won just once in 16 years on the circuit, was157 words
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101 1992-03-28 28 LONDON The future of the troubled world sportscar championship will depend on the confirmed support of manufacturers over this weekend, International Motor Sports Federation (FISA) president Max Mosley said on Thursday. A meeting of teams entered for the 1992 series heard that at least 16101 words
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Article107 1992-03-28 28 SHANNON, Ireland Kuwait's horse racing industry, ruined by the Gulf War, is to receive a multi-million-pound boost from an Irish bloodstock agency. Kildare Thoroughbred Services flew out nearly 40 horses, valued at over £500,000 on Thursday as the first stage in a deal that will see107 words
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Article, Illustration826 1992-03-28 28 Mike Tyson's jail sentence NYT INDIANAPOLIS When the judge's words hit Mike Tyson, he just sat there. When he was dethroned as the heavyweight champion by James "Buster" Douglas two years ago in Tokyo, he fumbled his mouthpiece with his gloves before he wasNYT - 826 words
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Article, Illustration473 1992-03-28 28 World Figure Skating Championships Reuter OAKLAND, California Olympic champion Viktor Petrenko of the Commonwealth of Independent States took the early lead after the original programme at the World Figure Skating Championships on Thursday. Petrenko received the highest marks from five of the nineReuter - 473 words
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273 1992-03-28 28 Reuter LEXINGTON, Kentucky Polish-born airplane broker Henryk DeKwiatkowski bought bankrupt Calumet Farm for US$l7 million (SS2B million) on Thursday and promised to keep the famed US horse-breeding property operating unchanged. DeKwiatkowski, who lives in the Bahamas and is listed as a citizenReuter - 273 words
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482 1992-03-28 28 AP PONTE VEDRA. Florida Fred Couples had a rare oflf day. and Billy Ray Brown a career day. But even an 8-under-par 64 by Brown the best score of his 5-year PGA Tour career could not completely eclipse Couples, whose recent run hasAP - 482 words
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Article, Illustration373 1992-03-28 28 AP FORT MYERS, Florida Rowdy crowds, supportive teammates and a red, white and blue warmup jacket bring out the best in Andre Agassi. That's why he's hopeful his year-long slump will end this weekend when the US Davis Cup team takes on CzechoslovakiaAP - 373 words
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463 1992-03-28 28 AP NAIROBI, Kenya The 40th Safari Rally was due to begin yesterday with 56 drivers chasing meagre cash prizes, trophies and a place in the automobile racing roll of honour. World class competitors and local enthusiasts will race for six days over 4.338AP - 463 words
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Article1223 1992-03-28 29 City Flight ETA Flight ETD City FVfM ETA Flight no MM MaM GA971 0950 SQ105 MH642 1050 1220 MH670 SQ106 0950 1045 f\4e\ lidi QF8 2010 QF82 SQ227 2115 2130 SQ107 SQ109 1305 1405 SQ108 MH641 1145 1315 Amsterdam SQ19 KL837 0805 1340 SQ24 KL838 SQ381,223 words
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THE TRAVEL PAGE
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Article, Illustration562 1992-03-28 29 Alan Riding - LETTER FROM GRANADA By Alan Riding WHEN King Ferdinand and Queen Isabella first entered Granada after the last Arab kingdom in Spain surrendered on Jan 2, 1492, it is said that they marvelled at the beauty of the fortified palace of Alhambra and the treasures562 words
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Article151 1992-03-28 29 As at 3pm yesterday: IxKal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.26S8 1.2830 Canadian dollar 1.3812 1.4095 NZ dollar 0.9051 0.9234 Sterling pound 2.8462 2.8847 US dollar 1.6580 1.6650 Local dollars to 100 units of foreign currency Austrian schilling 14.06151 words
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Article82 1992-03-28 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel u. v lvlfl<ton Apf 29- Sixth Geneva Salon Intl 021/*****9 Apnl 26- International Utrecht. Koninklyke ********** 3 international du livre ct (Fax) 30 Food Exhibition Netherlands Nederlandse p a j r f or Bootj a presse jaart>CUR82 words
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TIME OFF
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Article248 1992-03-28 30 SSO Concert Conductor Choo Hoey. Soloist: Regis Pasquier (violin), who has performed to enormous acclaim almost all over the world and is particularly keen on 20th century works. On the programme are Mozart's Symphony No 6 in C Major, K 425 'Linz'; Berg's Concerto for Violin and Orchestra 'To248 words
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Article, Illustration280 1992-03-28 30 Yasotha M - Compiled by Yasotha M Golf Asia '92 Second international golf show featuring golf equipment, fashion wear, holiday resorts, course and turf care. Venue: World Trade Centre. On till Sunday. Masters Collection from Cassina by Pure Inspiration On display are "Cassina I Maestri", a selection of the most important pieces280 words
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Article, Illustration585 1992-03-28 30 Billy Bathgate. Yes, another gangster movie. This time, Dustin Hoffman is a Jewish mobster who, along with girlfriend Nicole Kidman and apprentice Loren Dean, take to the streets to see how long they'll last. Not as heavyweight or memorable as The Godfather, but it has its fair share of585 words
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Page 19 Advertisements
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Advertisement323 1992-03-28 19 inn n n j I 3 3 41 31 5 8 8 I ft t i i L 3 3 4 3 68 8 HISTORY IN TIME Planetarium Copernicus. Handmade in 18ct gold, individually numbered, sapphire crystal, water resistant to 30 m. Shockproof. Lady Newton. Automatic with power reserve, small323 words
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Page 20 Advertisements
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Advertisement249 1992-03-28 20 BANKING) FINANCE AND INSURANCE SUPPLEMENT 1998 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 growth249 words
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Page 20 Miscellaneous
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Miscellaneous43 1992-03-28 20 DOONESBURY BY GARRY TRUDEAU T'JLJ Sfcau V HE'S BRINGING THE RACES 7P-"1 MMjrtumr OOFFeer itscinton, mgether. hps not about miue\ another hps going to jrMGOM OSINA /SWT IT* I HORTON OR'QUEENS' I GOOP BREAK OUR ZwrnFfff RRFAK I OR"CWJAS''H&SBRDGMOTHE I REPORTWR HEAK&.&TT j43 words
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Page 22 Advertisements
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Advertisement1065 1992-03-28 22 M Nothing Beats A Bud- where to wine, dine OF Vgggg!~ Get Nostalgic with the 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 Fri1,065 words
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Page 23 Advertisements
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Advertisement226 1992-03-28 23 a AND ENTERTAIN j t f I Fashions j In the month of March, a fashion extravaganza awaits I you at the Fountain Lounge: I f March 07 Theme Boutique I March 14 Flyers I t March 21 Mischief Creations I r March 28 Eunice Creations I t J Enjoy226 words
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Page 27 Advertisements
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Advertisement126 1992-03-28 27 I —J o High-Low-Close graphs to help predict future 0 Liye daU f or 60,000 items. market moves. 0 Data is accessed through a personal computer, o Intraday tick-by-tick charts for day traders. 0 Monthly subscription fee starts at S$ 300 upwards o Up to 100 days of historical data126 words
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Advertisement129 1992-03-28 27 EXPRESS SHARE LOAN Turn your shared^ into instantly at Get cash on the spot for your shares for 1,2 or 3 months at 1% per month. Scrlpless counters are also acceptable. Flat (discounted) For more information, call our toll-free numbers. Hong Leong Finance 223 0936 Singapore Finance 226 3398 HONG129 words
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Page 29 Advertisements
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Advertisement41 1992-03-28 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 atart to Finnish41 words
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Advertisement10 1992-03-28 29 ATTRACT POTENTIAL CANDIDATES with an ad In the APPOINTMENTS' COLUMNS10 words
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Advertisement26 1992-03-28 29 Three film-buffs tell you who and why Cartoonist Hup gives out his own awards in in wedc«der today NEW NEWS. NEWSY From luncMim*. Monday to Saturday.26 words
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Page 29 Miscellaneous
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Miscellaneous227 1992-03-28 29 9 Make for something on means of getting some12 Settled down, as Rocky j|Bd iflHfllfl' 13 Turns, as you know, into 15. Not because off leads do have a little drink 3-^ 27 A lot of fine old port "28 Whit put your electricity rassed, in a daze (7) 25227 words
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Miscellaneous167 1992-03-28 29 Singapore Outlook: Fair, except for showers over a few areas in the afternoon. Report: Maximum temperature. 34.0 Assoc humidity 61% Minimum temperature 26.5 Assoc humidity 92% Hours of sunshine 7.75 Rainfall in mm Nil Rainfall this month 32.5 Rainy days this month 5 World forecast Asia-Pacific Hi/Ix>* Cond. Auckland 22/10167 words
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Page 30 Miscellaneous
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Miscellaneous1737 1992-03-28 30 TODAY'S TV tttt I 1 Waktu Berbuka Dan ![I]IH 58C5 I imsak. 6.00 News(M). Kiss of the Spider Woman, Today's Gourmet: Mediterra- 9.00 AM Opening and Pro- 6.30 [HJ" Wannazariat Ai--B.oopm, SBC 12 Flavours, 12.30pm, by 645 S^rßamadhan William Hurt and Raul Julia, If you can't visit the Mediter- tere1,737 words
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Miscellaneous604 1992-03-28 30 MOVIES ON TV Sweet Lorraine, Men, 3.00pm, "sperm milk shake" and SBC 5 gives birth to two fraternal A 1987 bittersweet comedy ho about the final summer of a family-run hotel. Owner Lil- 5 Arnie s longian (Maureen Stapleton) lost brother. struggles to keep it going but B||| et n604 words
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