The Business Times, 30 May 1992
1992-05-30
1
30
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The Business Times
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Title Section17 1992-05-30 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, May 30-31 1992 75*17 words
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NEWS & MARKETS SUMMARY
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Article28 1992-05-30 1 WALL STREET forged ahead yesterday. The Dow Jones average of 30 industrials jumped 21.00 points to 3,419.43 at 1430 GMT in the first hour of trading.28 words
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Article28 1992-05-30 1 LONDON share prices were higher yesterday morning. With 303 million shares traded at 1107 GMT. the broad-based FTSE 100-share index was up 8.6 points at 2,702.8.28 words
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66 1992-05-30 1 BEIJING China, backed by Japan, has completed construction of Asia's largest cement plant and one of the largest of all Sino-foreign joint ventures. The China Daily said yesterday that the HuanengOnoda cement plant, built in about 30 months in the northern city of Dalian66 words
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Article36 1992-05-30 1 WIESBADEN, Germany The annual rate of inflation in western Germany slowed slightly in May to 4.5 per cent from 4.6 per cent in April, the Federal Statistics office said yesterday.36 words
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Article37 1992-05-30 1 KEY operators on Singapore's petrochemicals complex turned in sharply lower financial results for the third year running, with profits at the main company. Petrochemical Corporation of Singapore (PCS) knocked down by almost a third 237 words
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Article36 1992-05-30 1 HOTEL Properties Ltd, the listed vehicle of Ong Beng Seng, is said to be looking into the possibility of raising funds through a private placement of about 30 million new shares. Page 336 words
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Article34 1992-05-30 1 THE Bakrie Group of Indonesia, which is involved activities ranging from financial services to steel pipe manufacturing, intends to focus on achieving depth and market penetration in its core areas Page 434 words
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Article, Illustration29 1992-05-30 1 Friday Change BT-MGA 731.95 +0.30 Kuala Lumpur ....589.09 -11.08 Tokyo 18.347.75 +416.50 Hongkong 6,080.15 +92.02 Sydney 1,678.3 +1.8 Thursday Change New York 3,398.43 +27.99 London 2,694.2 -4.429 words
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Article30 1992-05-30 1 London Gokl AM fix U*****.55 USS+O.3S Exchange rates USS s$ 1-6335 100 Yen SS 1.2727 MS SS 0.6501 Money market rates Overnight 2 5/8 -3/16 3-month 3 1/8% unch30 words
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Article32 1992-05-30 1 S porTjunv... l39.75'/kg +0.75 VTsia June 219.00 /kg unch KL Tin Turnover 49 tonnes 1 Spot MSI 5.53/kg +10 Cnidc palm oil Turnover 828 lots j u ly MS867 /tonne -I32 words
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Article, Illustration569 1992-05-30 1 Lee Han Shih - Losses part of risk faced by any business, Parliament told By Lee Han Shih SINGAPORE Stateowned Singapore Technologies Ventures (STV) lost $164 million in the last two years and more money has been pumped into the company to help turn569 words
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Article, Illustration386 1992-05-30 1 Catherine Ong - From Catherine Ong in HONGKONG HONGKONG tycoon Li Kashing is negotiating to buy the stricken Olympia York's £3 billion (SSB.9 billion) Canary Wharf office development in London, a British newspaper reported yesterday. The Daily Mail said Mr Li, 64, has indicated his386 words
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242 1992-05-30 1 AP WASHINGTON The US economy grew at a faster rate than first thought during the first three months of 1992. The Commerce Department said yesterday that the upward revision in the gross domestic product (GDP), the broadest measure of the economy's health,AP - 242 words
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289 1992-05-30 1 Growing fears of military backlash against critics AFP. Reuter, AP BANGKOK Plans to name former Air Chief Marshal Somboon Rahong as Thailand's new premier were put on hold following an intervention by Thai elder statesman General Prem Tinsulanonda. as fears intensified ofAFP.; Reuter,; AP - 289 words
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Article, Illustration127 1992-05-30 1 AFP, Reuters BANGKOK The Thai stock market plunged more than 27 points within the first hour of trading yesterday after a strongly-worded statement by the military forced nervous investors to dump stocks. The statement, issued after army chief Issarapong Noonpakdi presided over a meeting ofAFP,; Reuters; Source: Bridge Info - 127 words
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Page 1 Advertisements
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Advertisement74 1992-05-30 1 Nikon Tlw *brtd« Ftowrt Photographic Syrtwi. with children Aircraft Schedde EL 11 Commodities Company News C 1 Cryptic Crossword tL Futures Options Interbank Forex Rates Jo KISE 11 Money Changer Rates EL 11 Money Market Regional Stock Markets <*rc Wm Ships m Port Smte* Sports IV Rad» 11 < Unit74 words
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Advertisement39 1992-05-30 1 OPINIONS The Euroarmy question. EL 2 Boat-people fatigue in HK. EL 2 Yesterday in Parliament Back Page Govt will let market forces dictate conveyancing fees; $343 m to reclaim land for container terminal Rules for CPF trustee stock status39 words
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Advertisement11 1992-05-30 1 LIFESTYLE Interviews with Raymond Chow Zandra Rhodes. EL 3 Kconomist op.miistic.11 words
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Advertisement247 1992-05-30 1 PURSUITS Reviews of Beauty and the Beast Beethoven. EL 6 values. .I U-Bffisssr r&zpssz centuries craftsmen have striven the prects.on Oyster movement. to provide tt with the ultimate in and climate. And at their heart protection. v "V the movement continues to The watches known as <<Tur- A function smoothly247 words
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Advertisement27 1992-05-30 1 Nikon ThtWbrtd'tFtoMi Plw*otfil»*c 9ymm. PURSUITS Wt? > f,. Rite of spring. EL 7 jj* Thais now realise stable govt vital for business; Japanese investors remain hopeful, Pg 227 words
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Advertisement13 1992-05-30 1 FINANCE Checking out the MAS rights issue. EL 8 HK stockmarket. EL 913 words
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PAGE 2 NEWS
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Article, Illustration410 1992-05-30 2 Yock Suan announces details of awards for independent and govt schools SINGAPORE The government will start awarding Edusave scholarships next year. Education Minister Lee Yock Suan said yesterday. In independent schools, the scholarships will cover the full fees charged by the410 words
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453 1992-05-30 2 Lilian Ang - By Lilian Ang SINGAPORE Key operators on Singapore's petrochemicals complex have turned in sharply lower financial results for the third year running, with profits at the main company. Petrochemical Corporation of Singapore (PCS) knocked down by almost a third. Figures provided by the companies453 words
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375 1992-05-30 2 Catherine Ong - From Catherine Ong in HONGKONG HONGKONG'S economy grew 4.5 per cent in the first quarter on the back of robust cross-border trade with China, government figures released yesterday showed. The latest GDP number was marginally higher than 1991 fourth-quarter growth of 4.4 per375 words
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Article, Illustration525 1992-05-30 2 Reuter PERTH Bankrupt Australian businessman Alan Bond was yesterday sentenced to two-and-a-half years in prison for dishonesty but his lawyers said he was likely to appeal. In passing sentence, the judge said Bond had suffered a "very prolonged fall from grace", but thatReuter - 525 words
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642 1992-05-30 2 The political uncertainty in Thailand FT BANGKOK The widelyheld notion of the past two decades that business could be conducted in Thailand without too much thought for the antics of the politicians and generals running the country appears comprehensively discredited by lastFT - 642 words
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206 1992-05-30 2 Reuter BANGKOK Japanese in- vestors are reassessing Thai- *< land following the recent political unrest, but they still regard it as South-east Asia's brightest hope, analysts said. Mingsaarn Kaosaard of the Thai Development Research Institute said yesterday that inadequate communications and rising land costs had madeReuter - 206 words
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Page 2 Advertisements
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Advertisement257 1992-05-30 2 BUSINEs S T 1 M E S Toll free Tel No 737 0043 Fax No; 734 3698 (INTERNATIONAL II IXXSS ADJUSTER II FACrORY MUTUAL INTERNATIONAL is the international affiliate of II the Factory Mutual Group of Companies which represents the world's 11 largest mutual insurer of industrial corporations for Property257 words
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COMPANY NEWS 1
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389 1992-05-30 3 Quak Hiang Whai - Company sounding out brokers and exchange By Quak Hiang Whai SINGAPORE Hotel Properties Ltd (HPL), the listed vehicle of Ong Beng Seng, is said to be looking into the possibility ot raising funds through a private placement of about 30 million new shares.389 words
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219 1992-05-30 3 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR MALAYSIA'S Tenaga Nasional Bhd, which made an impressive debut on Thursday, dominated activity on the Kuala Lumpur Stock Exchange (KLSE) yesterday but the share shed some ground as it succumbed to profittaking by investors, brokers said. Tenaga219 words
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223 1992-05-30 3 SINGAPORE A consortium led by Singapore Electronic Engineering Ltd (Seel) has clinched a $17.6 million contract to provide communication systems to the Woodlands MRT line. The contract to extend the existing communication systems of the north-south and east-west MRT lines to Woodlands223 words
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609 1992-05-30 3 Alvin Tay - THE HOCK LOCK SIEW COLUMN Massive aircraft sales the previous year distort the picture By Alvin Tay SINGAPORE When Malaysian Airline System Bhd (MAS) released its fullyear results on Thursday, many analysts were amazed by its performance. It was as though the609 words
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568 1992-05-30 3 Malaysian Airline System results Reuter KUALA LUMPUR Malaysian Airline System hopes a world economic upturn will raise its load factor and profitability in 1992/93 following sharply lower profits in 1991/92, chairman Zain Azraai said. He told reporters he was "a bit disappointed"Reuter - 568 words
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338 1992-05-30 3 Lee Han Shih - By Lee Han Shih SINGAPORE Wearne Brothers Ltd, which shocked the market last December with its huge losses, has declared its second consecutive set of losses. Yesterday, the listed company said it made $14.1 million losses (after tax and minorities) for the six338 words
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362 1992-05-30 3 Lilian Ang - By Lilian Ang SINGAPORE The Scotts Holdings group has roped in an offshore investment company for its US$55 million (Ss9o million) joint venture project to develop service apartments in Jakarta. The new partner, Asean Strategic Capital (ASC), is an investment company with362 words
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480 1992-05-30 3 KUALA LUMPUR Leader Universal Holdings Bhd, which is involved in a threeway tussle with Ekran Bhd and Sapura Holdings Sdn Bhd to take over Federal Cables, Wires and Metal Manufacturing Bhd (FCW), has sweetened its ofTer yet again. Bemama reported yesterday that Leader480 words
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COMPANY BRIEFS
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69 1992-05-30 4 TAIPEI Taiwan's state-run C hina Steel Corp has completed the first overseas sale of stocks by a 1 aiwanese firm, raising about US$32O million (*****.7 million), said. A total of 360 million shares, issued in the form ot Global Depository Receipts (GDRs), were69 words
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Article50 1992-05-30 4 HONGKONG Hongkong Telecommunications Ltd said it had mandated Wardley Capital Ltd to arrange a HKSI.S billion (*****.35 million) five-year commercial paper programme. The programme, its first of commercial paper, is for a wholly-owned subsidiary and is unconditionally guaranteed by Hongkong Telecom, it said in a statement.50 words
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Article90 1992-05-30 4 TOKYO Japan's major non-ferrous metal companies on Thursday reported declines in unconsolidated profits and revenues in the year to March, reflecting a slump in the metal market. Sumitomo Metal Mining Co, ranked Japan's third largest copper company and largest gold and nickel one, said pre-tax profit90 words
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Article69 1992-05-30 4 JAKARTA Indonesia's biggest cement producer PT Indocement Tunggal Prakarsa saw its net profit for the three months to March 31 rise 24 per cent to 91.92 billion rupiah (5573.5 million) from 73.88 billion rupiah. The rise in earnings was posted on the back of 36 per69 words
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Article, Illustration537 1992-05-30 4 William Chia - By William Chia SINGAPORE The sprawling Bakrie Group of Indonesia, which is involved in activities ranging from financial services to steel pipe manufacturing, intends to locus on achieving depth and market penetration in its core areas. Group managing director Tanri Abeng told537 words
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362 1992-05-30 4 AFP, Reuter NEW DELHI Russi Mody stepped down on Thursday as managing director of India's largest privatesector firm, the giant Tata Iron Steel Co (Tisco), in a decision that climaxed an ugly battle for succession. Mr Mody, 74, was replaced byAFP, Reuter - 362 words
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407 1992-05-30 4 Reuter MOSCOW Pepsi-Cola on Thursday signed a joint venture deal to produce plastic bottles in Belarus, further strengthening its grip on the soft drinks market in the former Soviet Union. The deal, with revenues estimated at US$lOO million (S$ 163.75 million) over fiveReuter - 407 words
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332 1992-05-30 4 Japanese corporate earnings Reuter TOKYO A drop in demand from car and electric appliance makers has devastated the profits of major Japanese steelmakers in the year to March 31 and the downtrend is seen continuing through 1992/93. The top five makers Nippon SteelReuter - 332 words
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283 1992-05-30 4 Reuter WARSAW Italian car maker Fiat SpA sealed a US$2 billion (553.3 billion) deal with the Polish government on Thursday under which it will take a 90 per cent stake in the state-owned FSM factory in the biggest foreign investment in PolandReuter - 283 words
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Article, Illustration402 1992-05-30 4 FT LONDON Thorn EMI, the UK electrical and entertainment group, has reported a slight fall in profits in the year to March, bolstered by a strong performance from the music division. Although the recession hit rental income, group pre-tax profits fell onlyFT - 402 words
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Article501 1992-05-30 4 Slack world economies, strong yen, higher costs hit manufacturers Reuter TOKYO Sagging economies around the world and a strong yen played havoc with Japan's car industry in the year to March 31, with most manufacturers reporting sharp falls in profits. Number Two carmaker, Nissan Motor CoReuter - 501 words
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Page 3 Advertisements
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Advertisement6 1992-05-30 3 Fundamentals are still sound. Page EI-86 words
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Advertisement305 1992-05-30 3 The university of Hull (UK). mm MB mm In association wltn help HB mm Jlffr STRUCTUKt institute (Malaysia), offers a 81 mm m fj| me programme is offered 12 montn part-time Master HK| AJ» on a modular basis covering of Business Administration Iff I m M seven double modules (Finance)305 words
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Page 4 Advertisements
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Advertisement859 1992-05-30 4 EU YAN SANG HOLDINGS LIMITED (Incorporated In the Republic of Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING 111 NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Eu Yan Sang Holdings i I Limited will be held at 38 Kim Tian Road #03-00 Kim Tian Plaza Singapore 0316 on859 words
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FINANCIAL NEWS
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380 1992-05-30 5 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Germany's DG Bank will be the third European hank to paek up and leave Singapore. The Singapore units of Freneh banks Credit Agrieole and Credit Du Nord have within the last six weeks also announeed their380 words
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265 1992-05-30 5 AP SEOUL The Finance Ministry yesterday said it will allow several foreign securities firms to open branches in South Korea. A ministry official, who spoke on condition of anonymity, said the licences will be given to Bankers Trust International of the US,AP - 265 words
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Article, Illustration644 1992-05-30 5 DBS Bank weekly currency review US$/DM: Bears still in force The US dollar started the week on a bearish note but failure to break support at 1.6050 marks saw the greenback executing a sharp rally on Wednesday. The dollar's aggressive turnaround extended to644 words
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407 1992-05-30 5 Investment trust industry now more open Reuter TAIPEI Taiwan's move to open up its investment trust industry, by allowing new firms to be established, is aimed at reducing the stock market's notorious volatility, officials said yesterday. The Securities and Exchange CommissionReuter - 407 words
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267 1992-05-30 5 Reuter SEOUL The South Korean government has aeted to bail-out three debt-ridden investment trust companies but analysts say the move will provide only a temporary boost to the nation's ailing stock market. The Finance Ministry and the central bank, the Bank of KoreaReuter - 267 words
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SMALL CHANGE
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68 1992-05-30 5 BOMBAY AN/ Cirindlavs. India's largest foreign-owned bank, has been asked to make a five-billion-rupee (ss24o million) provision tor possible losses at its Bombay branch in India's securities market scandal. The Reserve Bank ot India, the central bank, which asked AN/ Grindlavs to make68 words
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Article72 1992-05-30 5 V f HANOI Trench bank Credit Lyonnais has been licensed to open a branch in Vietnam, becoming the third foreign bank to win such permission. State Bank ot Vietnam officials said yesterday. The State Bank issued the licence on Thursday, six weeks after Banque Indosuez72 words
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Article71 1992-05-30 5 TOKYO Japan's four leading banks said Thursday they would extend 10-vear low-interest loans ot up to 110 billion yen (SSI.4 billion) to rescue the regional Taiheiyo Bank from the burdens ot bad loans. Taiheiyo president Masuo Nakagawa said his company would use the loans, combined71 words
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Article70 1992-05-30 5 LONDON The Kuwait Investment Office (KIO). under i pressure to raise money for reconstruction of Kuwait, has cut its stake further in Midland Bank pic to 2.33 per cent, I according to London Stock Exchange disclosures. In a I disclosure statement, the government agency KIO70 words
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231 1992-05-30 5 AFP TOKYO Industrial Bank of Japan Ltd (1BJ) announced yesterday a modest decline in pre-tax earnings in the year to March while Ix>ngTerm Credit Bank of Japan Ltd (I.ICB) and Nippon Credit Bank Ltd posted higher profits. But foreeasts for this year byAFP - 231 words
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Page 5 Advertisements
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Advertisement105 1992-05-30 5 Join the Chinese newspapers in their TRIPLE TFT PRRAHQNS The Chinese newspapers in Singapore have come of age. All the three Chinese dailies will be celebrating with their own special features highlighting their past successes and future directions. As an advertiser, you are invited to take part in the TRIPLE105 words
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THE REGION
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NOTE BOOK
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80 1992-05-30 6 BANGKOK Myanmar's ruling junta will meet with political party leaders next month to prepare the way for a long-awaited national convention which will later draw up a new constitution. Radio Yangon reported on Thursday. The official radio station, in a report monitored here,80 words
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Article86 1992-05-30 6 BANGKOK The Russian Federation is eager to attract Thais to do business in Moscow, says a Bangkok Post report, quoting Russian representatives at a marketing seminar here. Russian Trade Representation staff briefed Thai businessmen on the current situation in Russia. A spokesman for the co-organiser86 words
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Article76 1992-05-30 6 TOKYO Japan pledged 500 million yen (556.4 million) in grants to war-torn Cambodia, the first such aid in almost 20 years, a foreign ministry spokesman said yesterday. Japan has provided aid to Cambodia through multilateral organisations, but this is the first time it has given76 words
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Article73 1992-05-30 6 SEOUL North Korea may have accumulated 15 kg of weapons-grade plutonium, which is enough to produce two atomic bombs, local press reports said yesterday, quoting a Seoul government spokesman. Lee Dong Bok, Southern spokesman for the inter-Korean prime ministers' talks, said on Thursday that73 words
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Article, Illustration396 1992-05-30 6 Move is first step to full membership MANILA Laos and Vietnam will take the first step towards becoming full members of the Association of South-east Asian Nations (Asean) during a ministerial meeting in Manila in July, Philippine Foreign Secretary Raul396 words
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180 1992-05-30 6 AFP JAKARTA The small Democratic Party of Indonesia (PDI), has called on the Indonesian authorities not to dismiss criticism as unbefitting the nation's values, press reports said yesterday. M We all should respect and listen to each other so that everyone can express theirAFP - 180 words
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Article, Illustration459 1992-05-30 6 Alec Almazan - By Alec Almazan SINGAPORE The May 11 general elections may well mark a watershed in the Philsearch for a workable democracy. For the first time voting results have shown a discernible shift away from patronage, political machinery and nepotism. The strong showing of Fidel Ramos459 words
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347 1992-05-30 6 Reuter SYDNEY Australia's re-cession-flattened economy may turn out to have managed only meagre expansion in the three months to March, despite earlier forecasts for solid growth. Economists said data yesterday showing exports fell 1.9 per cent and imports rose 0.7 per centReuter - 347 words
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SHIPS IN PORT
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Article618 1992-05-30 6 Vessel Voy No Behh tort 1 Brt. fcmta D^«_ Oceania Exp 72 P03 30 05 1400 0106/0700 Marina Terminal 1 Vivien 54H P02 30 05/2359 31 05/1500 Anabas 9234N M02 alongside 2905/2359 9 fonam 205N P09A 29 05 1200 31 05,0600 Aung My at 1/92 M05 alongside618 words
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Article1518 1992-05-30 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Babnce Rsits Ship Voy No Etb/Btr Period From To From ACX Lily 24A 30/0500 2 28/1/00 29/0659 29/0900 3 29/0700 29/1159 29/1400 M Goncharov 22SI92 31/0700 2 28/1700 29/0659 29/0900 4 29/1200 29/1459 29/1700 Aka Bhum MT 29/2300 21,518 words
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THE WORLD
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481 1992-05-30 7 Move seen as likely to hurt US economy Bloomberg TOKYO Japanese banks will increase their long-term prime rate next week in a move that appears to flout US pressure on Japan to stimulate its economy. The US Treasury yesterday refused toBloomberg - 481 words
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Article, Illustration684 1992-05-30 7 NYT MOSCOW Four months into Russia's painful economic reforms, as prices go up and production declines, unemployment, the most dreaded of capitalism's consequences, remains the shoe that has yet to drop. Compared with Europe and the United States, theNYT - 684 words
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338 1992-05-30 7 FT MOSCOW Managers of Russia's biggest industrial enterprises are supporting moves towards a market economy but believe it is "unethical" to adopt Western practices such as mass layoffs and aggressive pricing policies to reach that goal. This is just one conclusion of theFT - 338 words
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390 1992-05-30 7 Reuter NEW YORK America's steelmakers are determined to press ahead with plans to lodge formal complaints against foreign companies they believe are violating US trade laws despite pressure to drop their claims. "This industry has been severely damaged from unfairly traded steelReuter - 390 words
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WORLD WATCH
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75 1992-05-30 7 TAIPEI Russia is to sell China 24 models of its most advanced jet fighters, the SU-31, following a committed delivery of 72 SU-275. The United Evening News reported yesterday that the sale of the SU-31 all-weather two-seater interceptors was agreed on after75 words
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Article92 1992-05-30 7 TOKYO Japanese consumer prices in April advanced 1.1 per cent from March and rose 2.4 per cent from a year earlier. The Management and Coordination Agency said yesterday that the monthly rise is the highest since October last year, when prices rose by the same rate,92 words
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Article77 1992-05-30 7 TOKYO Japanese researchers said on Thursday that they had invented the first system capable of destroying environmentally harmful chlorofluorocarbons (CFCs) on a significant scale. CFCs, which can destroy the ozone layer that protects the earth from harmful ultraviolet rays, are put into a tube along with water vapour77 words
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Article77 1992-05-30 7 TOKYO Japanese policy-makers may announce a doubling of some types of aid for environmental protection at next week's United Nations' Earth Summit in Rio de Janeiro. Aid officials said yesterday that "policy-makers seem ready to pledge large amounts of environmental aid for the next five years". But77 words
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Article59 1992-05-30 7 OTTAWA Squabbling between Canadian provinces over how to reform the country's Senate threatened to derail constitutional reform talks that entered a crucial stage on Thursday ahead of a May 31 deadline. The political reforms are meant to keep Canada's 125-year confederation together by decentralising federal59 words
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430 1992-05-30 7 Reuter WASHINGTON US President George Bush finally has the potential political magic he yearned for the recession is vanishing but he is finding his popularity nonetheless keeps disappearing as well. For months, Mr Bush and his confidants have been driven by one almostReuter - 430 words
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Article, Illustration566 1992-05-30 7 Salil Tripathi - In Buddha's footsteps comfortably Salil Tripathi reports on a smoother road to Nirvana for the Japanese Salil Tripathi SINGAPORE Buddha's path to Nirvana may have < been full of thorns. But for i Japanese tourists in India, retracing the steps of the enlightened one, the holy trail offers no easier566 words
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Page 7 Advertisements
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Advertisement67 1992-05-30 7 US$ 30,000,000 Negotiable Floating Rate Notes due November 1995 KIA MOTORS CORPORATION In accordance with the provisions of the Notes, notice is hereby given that for the six-month interest period from 29 May, 1992 to 30 November, 1992 the Notes will carry an Interest Rate of 4.375% per annum. The67 words
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Advertisement95 1992-05-30 7 [f THE PROFESSIONALS' BOOK FAIR Jointly organised by Singapore Professional Centre Festival Of Books Singapore I A large selection of latest professional books and journals Exhibits of special interest to Librarians, Booksellers, Educationists, University students, Professionals of all kinds and others Special discounts'and special offers for on the spot purchases95 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration960 1992-05-30 8 Quak Hiang Whai - By Quak Hiang Whai AFTER climbing for four consecutive days, the Singapore stock market took a breather yesterday as profit-taking emerged and took the steam out of the buying interest. The benchmark Straits Times Industrials Index slipped 3.46 points to 1,524.69 but it960 words
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Article, Illustration73 1992-05-30 8 Chew Eng Han - By Chew Eng Han Comment PACIFIC CARRIERS is likely to try for $1.60 on this rally, perhaps even $1.66. Daily indicators are overbought, however, which means that a correction from either target is likely. As long as $1.40 holds, the uptrend should continue for a retest of theSource: Bridge Info - 73 words
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Article3085 1992-05-30 8 IAIN BOARD Gr's Gr's 1992 High Low Tel Cimr Code Company Traded Last Vol D"y Last Quote Di% Div YTd Nrt MCap Sale +or- (*000) High Low Buyer Seller C*r P/E B INDUSTRIAL AND COMMERCIAL 770 170 1000 Acma 191 cd 7 1630 195 185 191 192 12.2 6.0 2.13,085 words
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Article2644 1992-05-30 9 S I .and Wt 217 +18 +90% Chem Ind 334 +16 +5.0% Robinson 720 +15 +2.1% B Scmbawang 745 +10 +1.4% BAT 21* 635 10 +1.6% FAN 1090 HO +0.9% FELS 50« 545 10 +1.9% Isctan 50* 510 HO +2.0% Jurong Ship 50* 1070 +102,644 words
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Page 9 Advertisements
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Advertisement9 1992-05-30 9 A MONTHLY MAGAZINE OF BUSINESS TRENDS AVAILABLE AT NEWSSTANDS9 words
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Article2915 1992-05-30 10 H I eong Ind 50* 550 V) 1-5.8% Shell 466 HO f2.2% H I eong Credit 240 1-7 t- 3.0% MUI 170 +-5 f.3.0% lasek Cement 2W 1 5 1.8% Insas Bhd 50* 24 3 H4. J% MTC 78* 266 +3 f 1.1* Amal Steel2,915 words
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Page 10 Advertisements
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Advertisement175 1992-05-30 10 The Straits Times Wfeekly Overseas Editioa A crisp summary of ><@\ happenings in Singapore. Politics, the economy, investment opportunities,appointments... And snippets on Malaysia and Aseanv' Aconvenient tabloid delivered A toyoueveryweek,whereever you may be. Subscribe now. Andbeintoudt Making an issue of the major news Name AIRMAIL SUBSCRIPTION RATES J Address: Connfay*(ofwd|ri«»t)175 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration1044 1992-05-30 11 Bernama SHARE prices in Kuala Lumpur fell across the board yesterday as investors went into a consolidation mood after Thursday's rally in both Tenaga Nasional and Telekom shares. In brisk trading, the KLSE Composite Index fell 11.08 points to 589.09 while theBernama - 1,044 words
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Article3547 1992-05-30 11 1*92 I-ast Vol Day Nrt Cap J| High Ism Telcode Company Sale "000 High Low P/E Smil INDUSTRIALS HE ii 1 r i Hs I 'ii 515 400 7001 Ajinomoto 400 unch 21 402 400 22.2 147.4 297 230 7002 Alcom 277 unch v* 50 5 55.2 236 197 70053,547 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration1661 1992-05-30 12 Reuter BANGKOK stocks yesterday extended losses on the slow progress of finding a successor for Prime Minister Suchinda Kraprayoon and on refusal by army leaders to take responsibility for the bloody crackdown on pro-democracy protesters. The SET Index ended 15.99 points lower atReuter; Source: Bridge Info - 1,661 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration992 1992-05-30 12 THE Jakarta stock index closed higher yesterday, boosted by a sharp rise in blue chip Astra International and its subsidiary United Tractors (UT), brokers said. They said the market was fairly active in yesterday's half-day trading, with over 6.50 million shares changingSource: Bridge Info - 992 words
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Page 12 Advertisements
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Advertisement16 1992-05-30 12 Find out how sellers are reaching out to buyers in Advertising Marketing. Every Thursday in BT.16 words
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Advertisement88 1992-05-30 12 THE WINNING TEAM classifieds! Call *****46/*****52 CALLING ALL TELEVIEW OWNERS! 111 your HP6E PRIZE! Simple! All you have to do is to punch Mlo# lor SPH Shine on Teleview. Come into our "Sports a Health" Section 8r enter the Shine Sports Quiz. You can stand to win exclusive J Citizen88 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2616 1992-05-30 13 Reuter TOKYO stocks closed higher in thin trade yesterday, with the Nikkei Average back above 18,000, pushed up by the firm yen and New York's record. But investors feel the upside is limited and are wary of buying until earnings results are all outReuter - 2,616 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2739 1992-05-30 13 Reuter BOOSTED by a renewed flood of cash as well as retail buying, Hongkong stocks ended sharply higher yesterday, recovering virtually all Thursday's losses. The blue chip Hang Seng Index soared 92.02 points to close the day at 6,080.15. Total turnover rose to HKSS.7Reuter - 2,739 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2155 1992-05-30 14 Reuter AFTER a day in the doldrums, the Australian share market closed marginally higher yesterday with volumes boosted significantly by option expiry exercises. The highlight of the day was the food wholesale sector after David Holdings Ltd announced a takeover bid for QueenslandReuter; Source: Bridge Info - 2,155 words
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REGIONAL STOCK MARKETS
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Seoul stocks fall on a broad front
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Article555 1992-05-30 14 MANILA share prices slipped as market enthusiasm cooled on the combined impact of long power cuts affecting industries daily and the dragging Congress tabulation of votes in the May elections, brokers said yesterday. The Manila Stock Exchange Composite Index shed 3.9 points to close at 1,399.45. "For the whole555 words
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Article770 1992-05-30 14 ACROSS-THE-BOARD selling dragged the depressed Seoul stock market to a lower close yesterday, brokers said. "Investor sentiment was weakened drastically on disappointment at the government's measure to help the three debt-ridden trusts," a broker said. Brokers said defaulting on debt by fur maker Woodan Corp also cast a chill770 words
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Article149 1992-05-30 14 A SEEMINGLY insatiable overseas appetite for leading stocks sent the New Zealand share market bounding ahead to a new year high at the close yesterday. The NZSE-40 capital index rose 16.20 points to 1,574.87 at the close. Telecom Corp again led the way as mainly US investors gobbled up149 words
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Article485 1992-05-30 14 TAIWAN share prices reversed early losses to finish higher yesterday, but the financial sector was down due to profittaking after previous gains, brokers said. The weighted index gained 18.25 points to close at 4,519.27 compared with Thursday's 4,501.02 finish. Turnover fell to a thin NTS 17.7 billion from NTS2I.9485 words
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Article117 1992-05-30 14 HEAVY buying by state-owned investment houses on Thursday helped shares recover from an early slump caused by news that a local bank involved in Bombay's stocks and securities scandal has been closed down. "There was all-round panic," a broker said. "Many brokers face a financial crisis." The Bombay Stock117 words
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Article200 1992-05-30 14 Close Previow May 29 NEW ZEALAND NZSE-40 Capital 1.574.87 1.558.67 -16.20 MAffttft Composite Index 1.399.45 1.403.35 -3.9 Turnover (mil pesos) 263.1 279.77 -16.67 TAIPEI Weighted Price Index 4.519.27 4,501.02 4-18.25 Turnover (NTS billion) 17.7 21.9 SEOUL Composite Stock Index 570.93 578.63 -7.70 Turnover (billion won) 199.3 325.5 -126.2 New Zealand200 words
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WORLD STOCK MARKETS
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Hopes for rate cut push Dow to new high
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Article, Illustration1492 1992-05-30 15 NEW YORK stocks surged in active trading on Thursday as rumours of another discount rate cut unleashed a late wave of computer-guided buy programs, boosting the Dow to its 21st record high of the year. The Dow Jones Industrial Average, which gained 6.23 points on Wednesday, soared 27.991,492 words
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Article, Illustration833 1992-05-30 15 LONDON shares fell on Thursday, as a cautious opening on Wall Street failed to lift a market shaken by news that property developer Olympia and York's Canary Wharf office project went into administration after its bankers refused to provide further funding. The FT-SE 100 Index closed at 2.694.2, down833 words
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Article198 1992-05-30 15 ITALIAN shares were slightly higher in thin trading on Thursday, with the closure of many other European markets for a one-day holiday depriving the Milan bourse of solid buying interest, brokers said. The MIB All-Share Index closed at 494.62 points, up 1.97 from Wednesday's close. "The market started off198 words
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Article370 1992-05-30 15 TORONTO stocks closed down despite gains in New York with the gold and financial services sectors pressured, traders said. "The highlight of this session is pretty much an outbreak of apathy," trader Paul Ebach of Security, Trading Inc said. i The TSE 300 was off 7.52 points to 3,375.34370 words
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Article829 1992-05-30 15 Ma> 28 Clow hniuu* NEW YORK Dow Jones 3.398.43 3.370 44 t 27 «W S&P500 416.74 412.17 f-4.57 Turnover (million) 195.30 182 24 +13.06 LONDON Financial Times 30 2,109.2 2.120 4 -11.2 KrSF. KM) 2.694.2 2.698 6 -4 4 Turnover (million) 518.5 607.9 -894 FRANKFURT DAX Index closed 1.794.00 AMSTEROAM829 words
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Page 15 Advertisements
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Advertisement9 1992-05-30 15 Managers must manage. BT shows you how every Monday.9 words
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Advertisement7 1992-05-30 15 Innovation Technology in Business Times every Tuesday7 words
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CURRENCY, MONEY & FUTURES MARKETS
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1214 1992-05-30 16 REPORTS TOKYO: The dollar ended yesterday over one yen and IV2 pfennigs down from New York's close on Thursday due to a flood of hectic selling ignited by apparent Bank of Japan (BOJ) intervention. The BOJ was seen to have sold substantial amounts of1,214 words
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328 1992-05-30 16 Reuter KUALA LUMPUR The ringgit surged against the US dollar yesterday after the central bank. Bank Negara. said it would not intervene to reverse the local unit's bullish trend. The comment prompted foreign dollar-selling here, dealers said. It rose about 70 pointsReuter - 328 words
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Article1496 1992-05-30 16 SIMEX 9 EURODOLLAR 9 Open High lx>w Sett Est Vol Act/Vol Op/lnt 9 Jun 92 96(H) 96A)i 9198 9198 28«j IW ***** I Sep 92 95.75- 95.75 95.71 95.72 9500 5806 ***** 95.74 9 Dec 92 95.10- 95.10 95.06 95.07 8900 3343 ***** 95 09 u Mar 931,496 words
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Article386 1992-05-30 16 Crass rates Ma y 29 USS SS MS Dm Yen SFr A$ NZ$ US$ 1.6360 2.5220 1.6140 129.10 0.5498 1.4650 1.3175 1.8657 SS 0.6112 ***** 0.9866 78.9120 0.3360 0.8955 0.8053 1.1404 MS 0.3965 0.65 0.6400 51.1895 0.2180 0.5809 0.5224 0.7398 Dm 0.6196 1.0136 1.5626 79.99 0.3406 0.9077 0.8163386 words
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Article530 1992-05-30 16 Interbank rates SS Bid Offer Overnight 2 5/8 2 3/4 1-month 3 3 1/8 2-month 3 1/16 3 3/16 3-month 3 1/8 3 1/4 Overnight mode: 3 ISS Offer 7 days 3 15/16 4 1/16 1 month 3 15/16 4 1/16 2 months 3 15/16 4 1/16530 words
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Page 16 Advertisements
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Advertisement7 1992-05-30 16 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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775 1992-05-30 17 REPORTS THE PRICE of tin reached another 10-month high ol M 515.53 per kg on the Kuala Lumpur Tin Market yesterday, up 10 sen from Thursday's close of M$ 15.43. The metal had reached a 10-month high of M$ 15.52 on Tuesday775 words
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316 1992-05-30 17 AFP KUALA LUMPUR Malaysia wants India to sign a long-term contract to buy 300,000 tonnes of Malaysian palm oil annually as a tradeoff for business contracts, officials said on Thursday. Primary Industries Minister Lim Keng Yaik said India hadAFP - 316 words
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297 1992-05-30 17 Reuter RIO DE JANEIRO The Brazilian government has announced new credits for hard-hit coffee growers just as the 1992/93 harvest gets underway. The loans totalling 60 billion cruzeiros (about Ss3s million) are for the "improvement of quality", said Hercilio Amaral Neto, secre-tary-generalReuter - 297 words
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Article1587 1992-05-30 17 Rubber MRELB (fob in totes) (M cents/kg) Noon Close Int I RSS June 92 2l9.OtV22l.OON 219.00/221.00 Int 2 RSS OP 217.00/2I8.00N 217.00/218.00N UK/Cont 216.00/2I7.00N 2I6.00/2I7.00N Int 3 RSS OP 214.50/215.50N 2I4.5Q/2I5.50N UK/Cont 2I3.50/214.50N 213.50/214.SON Int 4 RSS OP 21I.50/2I2.50N 211 50/2I2.50N UK/Cont 210.50/211.50N 210.50/211.50N Int 5 RSS OP 205.50/206.50N1,587 words
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Page 17 Advertisements
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Advertisement663 1992-05-30 17 BUSINESS TIMES Toll tree Tel No 737 0043 -Fax No: 734 3698 CHOON WOH FOUNDRY PTE.LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. SO thai the Final Meeting of the Members of the abovenamed Company wil be held at 101663 words
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Article, Illustration520 1992-05-30 18 Yesterday in Parliament Stronger arguments also heard for unelected ministers PARLIAMENT yesterday not only voted to have nominated MPs in its term but also heard stronger support tor appointing uneleeted ministers. The voiee vote, taken after 21 MPs spoke in520 words
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Article, Illustration305 1992-05-30 18 LAW MINISTER S Jayakumar yesterday accepted a suggestion that lawyers' scale fees for conveyancing be reviewed, if not abolished, and that market forces should dictate the charges. However, he said the government is still not prepared to allow non-lawyers to engage in305 words
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349 1992-05-30 18 THE government received Parliament's approval yesterday to spend $343 million over the next three years in reclaiming 122 hectares of land off Pasir Panjang for the construction of a new container terminal. This effectively puts paid the Urban Redevelopment Authority's hopes349 words
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PARLIAMENT BRIEFS
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Article65 1992-05-30 18 SINGAPORE permanent residents who earn $1,500 or less per month will not have to apply for work permits, Labour Minister Lee Boon Yang said yesterday. Replying to a Question from Heng Chiang Meng (Cheng San GRC), Mr Lee said his ministry has simplified the65 words
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137 1992-05-30 18 IN THE PAST two years, seven out of 10 applications made by Singaporeans to marry work permit holders have been approved by the Labour Ministry, Labour Minister Lee Boon Yang said yesterday. For example, since last December, all marriage applications from foreigners who registered to work137 words
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Article83 1992-05-30 18 ABOUT 500 HDB flats are slated for construction in the site bounded by Bishan St 22, Bishan St 24 and Catholic High School, Minister of State for National Development Lim Hng Kiang said yesterday. He was answering Ibrahim Othman (Thomson GRC), who asked if83 words
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Article92 1992-05-30 18 THREE BILLS were introduced in Parliament yesterday. Finance Minister Richard Hu gave the first reading of the Inland Revenue Authority of Singapore Bill. No details were given but it is likely to turn the Inland Revenue Department into a statutory board later this year. The Redundancy Payments92 words
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343 1992-05-30 18 CRITERIA to qualify as a Central Provident Fund (CPF) trustee stock will soon be amended following the passing of the Trustees (Amendment) Bill 1992 in Parliament yesterday. The CPF sets its qualifying standards for trustee stock status according to the Trustee Act. Amendments343 words
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345 1992-05-30 18 Reports by Anna Teo, Magdalene Ng, Dexter Lee and Schutz Lee Housing starts and business sentiments higher AFP TOKYO The Japanese government was optimistic yesterday that the current economic slowdown was close to bottoming out despite the release of economic indicators which showedAFP - 345 words
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373 1992-05-30 18 John Helmer, Alec Almazan - By J John Helmer, Alec Almazan in SINGAPORE TANGLED bureaucracy among Russian ministries has set back the signing of a tax pact and an investment guarantee agreement with Singapore. Moscow officials say. The agreements were due to have been signed373 words
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223 1992-05-30 18 Philippine election AFP. AP MANILA Former defence chief Fidel Ramos edged close to the Philippine presidency yesterday after taking a slim lead in the delayed official canvass of the country's May 11 polls. After being stalled because of opposition complaints over procedure, theAFP.; AP - 223 words
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378 1992-05-30 18 AFP WASHINGTON The United States and the European Community (EC) said on Thursday that they had made some progress in talks aimed at breaking a deadlock on agricultural subsidies but that no breakthrough had been achieved. Hopes were buoyed recently byAFP - 378 words
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306 1992-05-30 18 Reuter. AFP, AP MANILA The US military will rely on access arrangements with Asian nations as part of its policy of maintaining a presence in the region, the commander of US forces in the Pacific said here yesterday. Admiral Charles LarsonReuter.; AFP,; AP - 306 words
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Page 18 Advertisements
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Advertisement6 1992-05-30 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement7 1992-05-30 18 Japan to raise prime rate, Pg 77 words
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Advertisement5 1992-05-30 18 Crowing voter sophistication, Pr 65 words
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Advertisement7 1992-05-30 18 ICHARTPOINTI Every Saturday in Business Times I7 words
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Executive Lifestyle
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Article, Illustration1549 1992-05-30 19 Susan Tsang - Is it possible to have family togetherness and relax as well during a vacation? Susan Tsang talks to executives who have found a middle-ground between the kiddies' amusement park and the golf-course Susan Tsang IN THE charge up the corporate < ladder, many people in Singa-1,549 words
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STRAWS IN THE WIND
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Article34 1992-05-30 19 WANT to be a zoologist? According to a recent issue ot AW Scientist, you'd need to be spineless. In its appointments section was an ad looking for an "invertebrate zoologist".34 words
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Article26 1992-05-30 19 HERE's some advice to anyone who is about to give his first public talk: "If you don't strike oil with your audience, stop boring!"26 words
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Article55 1992-05-30 19 DID you read about the 46-ycar-old Danish man who was stabbed by his wife because he wanted to have sex a fourth time in the same morning? Some women say they would love to have such a husband. "At 46. I'd be glad if he can have it once55 words
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Article53 1992-05-30 19 IN COURT, a man pleaded guilty to robbery charges against him. The court heard the series of offences he committed from 1969 to 1973. and 1978 to the present day. "What did he do between 1973 and 1978. then?" Asked one curious court observer. "He was in jail."53 words
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Article48 1992-05-30 19 WHEN you think your body needs a massage and you're not sure if a man or a woman would do the job better, look for a shop along Clemenceau Avenue that has this sign: AQUAMASSAGE. Feel free to make your own interpretation, of course.48 words
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OPINIONS
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Article, Illustration865 1992-05-30 20 Jackie Sam - Jackie Sam hits out at the do-gooders who are stirring things up again in Hongkong over the Vietnamese boat-people issue Jackie Sam The writer is a Hongkong-based political consultant SOME Vietnamese boat-people are now on hunger strike. Nobody is paying any attention. What a865 words
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Article807 1992-05-30 20 Harish Mehta - Harish Mehta looks at the significance of the formation of a Euroarmy Harish Mehta The writer is a HI correspondent A FAMILY quarrel is brewing among Western military allies. It pits Germany and France against the US and Britain over the formation of a807 words
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Article, Illustration760 1992-05-30 20 Tye Kim Khiat - Singapore should, by all means, live up to its tourism punchline Surprising Singapore. But don't bring back the transvestites of Bugis Street, says Tye Kim Khiat Tye Kim Khiat The writer is a Melbourne-based journalist who contributes to BT PHEW! This must760 words
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662 1992-05-30 20 H Christopher - LETTERS TO THE EDITOR H Christopher THE NEW PLANS for controlling the parking of heavy vehicles and trailers are welcome but long overdue. It should thus not take until June 1 next year to enforce the plans. The problems caused by indiscriminate parking662 words
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Article78 1992-05-30 20 Lim Joke Mui (Mrs - Lim Joke Mui (Mrs) Company Secretary DBS Land WE REFER to the article "DBS Land. Pidemco launching Australasian Property Fund" (BT, May 23/24). We wish to clarify that DBS Land did not send out "invitations to the rich and famous" as mentioned in the78 words
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LIFESTYLE 1
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Article, Illustration849 1992-05-30 21 S N Vasuki - S N Vasuki talks to Raymond Chow, the movie mogul behind Golden Village-Yishun 10, while Jaime Ee gets caught in a crush of Yishunites at Wednesday night's pre-opening ceremony S N Vasuki Raymond CHpw, Hongkong's highprofile movie mogulproducer, distributor and exhibitor rolled into one, is unfazedPhoto by Chris Loh - 849 words
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Article, Illustration688 1992-05-30 21 WELCOME to Yishun New Town. So said the giant sign as the heavy traffic parted slightly to reveal the next leg of a long car-ride to that new cinema in the boondocks, er, suburban area of Yishun Central. After unconsciously reaching into the glove compartment for688 words
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Article, Illustration761 1992-05-30 21 Jaime Ee - Zandra Rhodes may lag behind Armani and Miyake in sales turnover, but she constantly surprises the world with her off-beat fashion statements. Jaime Ee meets the very individualistic British designer Jaime Ee WHEN you have red hair, dress like you'd fallen asleep in thePhoto by Chris Loh - 761 words
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Article, Illustration889 1992-05-30 23 Marian Burros - Healthy eating in a high-fat nation such as Hungary is not easy, says Marian Burros. Even the bread is made with lard Marian Burros NYT LARD, paprika and sour cream. The holy trinity of Hungarian cooking. Solve the puzzle of how to follow a low-fat dietNYT - 889 words
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Article, Illustration829 1992-05-30 23 N K Yong - WINE By N K Yong THE preoccupation with names is not limited to high fashion. Indeed in the world of wine, there is even greater snob-value and importance attached to big names. Witness the astronomical prices now being asked for Chateau Petrus and Roma-nee-Conti829 words
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EPICURE
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Article, Illustration539 1992-05-30 22 Susan Tsang - Susan Tsang discovers the delights ot a hybrid Chinese cuisine Susan Tsang JIANG/HE cuisine, we are told, is a combination of food from the provinces of Jiangsu and Zhejiang. I he food from each province is quite different. Jiangsu is famous for light and delicate meals, whereas Zhejiang539 words
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PEOPLE
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Article, Illustration264 1992-05-30 23 PEOPLE always say that the years spent in school are often the best ones of your life, words that probably rang true at the recently held, and highly successful first-ever reunion dinner for graduates of the University of Singapore. About 1,600 guests turnedPhotos by Chris Loh - 264 words
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PURSUITS 1
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Article, Illustration746 1992-05-30 24 Jaime Ee - Beauty and the Beast is a lovely little movie, but it's unlikely to acquire classic status. Jaime Ee tells why Jaime Ee ONCE upon a time, in a land far far away, there were two actors who were so perfect that their studios loved them. They were746 words
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Article, Illustration583 1992-05-30 24 Cheryl Liew - Have movies gone to the dogs? Cheryl Liew watches as a winsome St Bernard goes through his paces Cheryl Liew FROM the producers of comedies (or aspiring comedies) like Twins, Kindergarten Cop and Ghoslbuslers comes another soppy tale. This time, the central character is a St Bernard583 words
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Article, Illustration942 1992-05-30 25 Magdalene Phang - Floriade in Holland is a floral spectacle to end all spectacles. Magdalene Phang takes time oft' to smell the flowers in this once-in-a-decade exhibition park Magdalene Phang WHEN someone tells you to visit Holland from now until October, listen closely. Because if you don't, you won'tPhotos by Loh Chang Kuan - 942 words
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Article, Illustration763 1992-05-30 25 Fred Ni - Scale is important in works of art, but if you live in a three-room HDB flat, it can be hard to do a room-size work. Fred Ni reviews an exhibition which explores the problem and potential of space Fred Ni A YOUNG Malay sculptor I once pointed out763 words
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Article, Illustration500 1992-05-30 25 Cheryl Liew - Cheryl Liew views a promotion that should appeal to royal watchers, art enthusiasts and ballet buffs Cheryl Liew Anglophiles win love the latest promotion at Robinsons, where they can view not one, but four very British exhibitions. What's more, you can bring home most of the exhibits500 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration830 1992-05-30 26 Magdalene Ng - Brokers and analysts are surprised over the MAS call for a massive rights issue after announcing a 43 per cent drop in group net profits. Nonetheless, most analysts are still bullish about the airline in the long term, says Magdalene Ng Magdalene Ng SHOULD the shareholders830 words
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568 1992-05-30 26 S N Vasuki - Although recovery in the US is evident, America still faces a number of fundamental problems. S N Vasuki reports S N Vasuki JACK LAVERY, senior vice president and director of Merrill Lynch's global securities research and economics division has one word to describe568 words
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Article, Illustration496 1992-05-30 26 Chew Eng Han - OHART^ By Chew Eng Han Everyone's getting bullish about the Singapore market and chartists are talking about a bullish triangle breakout which should lead to a test of the 1,600 level and above. The tricky part about triangles, however, is in predicting theSource: Bridge Info - 496 words
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Article450 1992-05-30 26 Shoeb Kagda - The Indonesian, Malaysian and Chinese stockmarkets have much to offer in the long-term. Shoeb Kagda reports Shoeb Kagda THE STOCK markets of rapidly growing Indonesia, Malaysia and mainland China offer the shrewd investor great opportunities to pick up solid counters in the long term, says450 words
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Article, Illustration966 1992-05-30 27 S N Vasuki - The Hongkong stockmarket has crossed the 6,000 level. Though most stockbrokers feel the bull run is only temporary, the market still confounds analysts with its performance, says S N Vasuki S N Vasuki HONGKONG'S stockmarket continues to confound analysts with its dare-devil performance since966 words
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SPORTS
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SIDE LINES
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102 1992-05-30 28 ATHENS, Greece The flame that will burn at the 1992 summer Olympic Games at Barcelona will be lit in the birth-place of the ancient Olympics on June 5, the Greek Olympic Committee said on Thursday. The committee, which is responsible for its102 words
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Article106 1992-05-30 28 JENA, Germany Germany's Christine Wachtel ran the fastest 800 m in the world this year to beat her old rival Sigrun Grau and win the event at Thursday's Zeiss/Olympischer Tag meeting here. The former East German runner, holder of the world I,ooom record, came home106 words
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Article88 1992-05-30 28 WOBURN, England Sweden's Ove Sellberg shot a six-un-der-par 66 on Thursday to take a one-stroke lead in the US$l.O6 million (S$ 1.7 million) British Masters European PGA tournament. Sellberg, 32, has not had a top 30 finish since March of last year. He took time off88 words
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Article85 1992-05-30 28 EAST LANSING, Michigan Judy Dickinson grabbed four birdies in a row on her inward run to card a six-under-par 66 and take a one-shot lead in the first round on Thursday in the Oldsmobile Classic women's golf tournament. Dickinson put together a string of birdies85 words
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Article103 1992-05-30 28 POTOMAC, Maryland Newly-wed David Toms matched a course record with an 8-under-par 63 to take a one-stroke lead over Jay Don Blake after the first round of the Kemper Open. Wayne Levi, John Inman and Brad Fabel shot 65s on Thursday and defending champion Billy Andrade103 words
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Article, Illustration588 1992-05-30 28 French Open NYT PARIS It's raining, it's pouring, the French Open has turned boring because its afternoon matches never seem to be resolved. Ivan Lendl. lured into a fifth set on Thursday by Jaime Oncins of Brazil, fussed and fumed about the raindrops that keptNYT - 588 words
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Article, Illustration1213 1992-05-30 28 Charles Arthur - New equipment technologies have unlocked power that was unattainable just a decade ago. The result is often changes in the games. Charles Arthur reports Charles Arthur FT LONDON Modern sports professionals rely more than ever before on sheer, unadulterated power as a winning strategy.FT - 1,213 words
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Article, Illustration707 1992-05-30 28 Nirmal Ghosh - Nirmal Ghosh reviews two new books that beckon golfers Nirmal Ghosh Title: Courses without Par The Best Golf in Southeast Asia Authors: Alan Murray and Marlene Roeder Publisher Marlene Roeder 128 pages, $42.50 COVERING 19 golf courses in Indonesia, Malaysia, the Philippines, Singapore and Thailand,707 words
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Article1230 1992-05-30 29 Ctty" Flight ETA Flight ETC City Flight ETA Abu DhaM GA971 1035 GA976 0145 WH605 1020 SQ104 0830 QAggO 0150 SQ105 1050 MHto.O 0950 mpu MH642 1220 SO 106 1045 Adelaide QF81 1955 Qf82 2205 S0107 1305 SQ108 1145 SQ228 2025 SQ109 1405 MH641 1315 Amsterdam1,230 words
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THE TRAVEL PAGE
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Article, Illustration469 1992-05-30 29 Seema Guha - LETTER FROM INDIA By Seema Guha Hindu india is spreading out its Buddhist past to entice Japanese tourists to the land where Gautama Buddha lived and preached 2,50() years ago. In a promotion drive aided by Tokyo. Buddhist monuments all over the country arc being spruced469 words
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Article151 1992-05-30 29 As at 10am yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2356 1.2524 Canadian dollar 1.3450 1.3711 NZ dollar 0.8660 0.8840 Sterling pound 2.9645 3.0046 US dollar 1.6320 1.6400 I/jcal dollars to 100 units of foreign currency Austrian schilling 14.26151 words
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Article50 1992-05-30 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser June 20- Jakarta I air Jakarta >a\asan (62)21/*****00 July J-A 6th Hongkong Hongkong Headway Trade (852>8275I2I j l( v jjj Penyclenggara International Convention Fairs Ltd Kax:*****64 Pameran l>an Fashion Jewellery Exhibition Pekan Rava Accessories Centre Jakarta F* r50 words
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Article, Illustration549 1992-05-30 30 At Play In The Fields Of The Lord. Hector Babenco directs this long-drawn out movie about man and nature. R(A). Jade I 10.45: 2: 5.30: 5.45. Beauty And The Beast. The much-awaited Disney production of the classic tale. Orchard II: 1.30: 4: 6.45: 9.15. Hedok I: I: 3.30: 7;549 words
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TIME OFF
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Article45 1992-05-30 30 SSOFamiliar Favourites Conductor: Lim Yau. Soloist tor the evening is the Singadcputy leade"°Ly nriette S Seah gramme'"includes' four Rus 1870s and 1880s as well as some Saint-Saens and Gers 'Venue Victoria Concert Hall Today. 8.15pm. Tran Ysaye and Ravel. Mandarin Singapore. June 17. Spm45 words
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Article, Illustration388 1992-05-30 30 in Woman and Her Art Solo exhibition by Manjeet Shergill, whose paintings are very individualistic. Venue: The Delia Butcher Gallery. 39A Cuppage Terrace. On till June 7. 11am7pm. Nightmare Automobile On display are some 60 photographs on the impact of the automobile on the environment in Germany. Venue: Goethe-lnstitut388 words
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Page 19 Advertisements
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Advertisement273 1992-05-30 19 iHslffr- r m < ?T l^™Q|| And can they afford it? Poaching of remisiers is common these days, as broking T\ 1 firms which previously serviced institutions change tack to llt*/ltin\/ focus on rctail business In tem P tin S experienced remisiers JJICUIU to switch sides, these newcomers are giving273 words
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Page 20 Advertisements
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Advertisement25 1992-05-30 20 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.25 words
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Page 20 Miscellaneous
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Miscellaneous51 1992-05-30 20 DOONESBURY BY GARRY MANYW&sAPrnx&mysniFm, MMGKT.uiQsetxPtmtzim fJtIttMfmOU.AUAVBOFCON- I ANnAWMO6TBAm?OKAPFUWt TWM&UiteIWWMUSMMTO I UNTIL I I vNUiNO iNPiomm cvbk me I ffrThes&*mmfscwe. ahono hs. mics, v&aoo&fWHimJCLY nou, wm**iamm=zz I CLA&NCe THOMAS htARH6S HAS I W*IS W&mKSXW. ANt&A TtSTlPmd. INSTEAD, Hot39®W SI OMR. HeOtlLma^ unwnncp&&ecwfSMASHiM6 UJRWT, AxxjNOttPjßucmiwo ttfsQuen-YSUPfWNmencav. AN&IA a US&WmKWHXC&THOMAS Ff*l PtOPIB HMBetZSm51 words
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Page 22 Advertisements
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Advertisement586 1992-05-30 22 Nothing Seals ABu&fiMa OF HMMBiila A "Heavenly" Feist DAILY SPECIAL Mon Superior Shark's Fin with Seafood 22.00 (per person) Tue Braised Whole Abalone with Oyster Sauce 16.00 each Wed Steamed Live Baby Lobster {5.00 100g Thu Steamed Sultan Fish with Ginger 4.00 IOUg Fri Sauteed Geoduck Clam *5.)0 100g Sat586 words
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Advertisement213 1992-05-30 22 WHERE TO WINE, DINE J The 2nd Singapore Jigsaw Puzzle Competition '92 Heats 10,17,24 31 May and 7 14 June. Grand Final 28 June. Category A Up to 7 yrs old $12*. Category B 8 11 yrs old $12*. Category C No age limit (Team Event 2 to 4 members)213 words
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Advertisement332 1992-05-30 22 I SavourJiangzhe Cuisine the A TASTE OF TWO PROVINCES delectable com- I I bination that's I emerged out of I rich Jiangsu and I J thrifty Zheqiang. I LL An cxP er encc I not to be missed. I Make your reserI val onsear 'y I 1 IN CONJUNCTION WITH332 words
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Page 23 Advertisements
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Advertisement307 1992-05-30 23 AND ENTERTAIN s Wl In the month of June, a fashion extravaganza awaits I g( you at the Fountain Lounge: I 0 June 6 Le Femme Fatalt It t( June 13 Feline Collection I y June 20 Le Femme FaUk I 5 June 27 Kryss 1 n Enjoy a leisurely307 words
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Page 24 Advertisements
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Advertisement93 1992-05-30 24 IB •Vr -i> >'x m im ■<V* r.w. v >•••• -%3h? BHH v•'xV.i •v i'. 'I: m .V'. r>: i ►•V' ■<: VJs# 3V &r r if?* ©rife© m ■<* Hm v PS*®, •W 3: 1 •r > V-" 5 r; ■v .Vk •<: £1 ■f> 9 m r A*;93 words
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Page 26 Advertisements
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Advertisement198 1992-05-30 26 How to Make Money m K A* Quotes Data /Q in the Market Uethod 2 Never buy after a long decline Generally. when something I declines, there usually is a very good reason tor it In a declining market it is virtually impossible to pick the bottom. If anything, you198 words
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Page 27 Advertisements
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Advertisement192 1992-05-30 27 PERSONAL IN VESTING FINANCE SUPPLEMENT '98 A Special Business Times Survey July 53,1992 Bank deposit rates have plunged to one of their lowest levels. Banks and finance companies In Singapore are paying peanuts for such deposits; In some cases they are not even enough to cover the rising cost of192 words
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Advertisement233 1992-05-30 27 EXPRESS SHARE LOAN 'v -v i J It's Quick and Easy. Gel instant H cash for your shares over the H counter at any of our 28 branches. Use the loan for any purpose. Loans from $2,000 to $100,000. MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS! YOU CAN TOO233 words
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Page 29 Advertisements
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Advertisement41 1992-05-30 29 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. We know Europe from start to Finniah.41 words
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Advertisement7 1992-05-30 29 Advertising Marketing in Business Times every Thursday7 words
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Advertisement33 1992-05-30 29 DO YOU KNOW WHAT TO DO? All MA TM> VIH Hup s cartoon creation tells you t j what to do in the Emergency Food IIPW NEWS. c paper newsy and ater Exercise33 words
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Page 29 Miscellaneous
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Miscellaneous194 1992-05-30 29 I. =r=L 9 Partly spiced drinks addi10 Use me backing manocu- pH__HI__JBL_BBL—BBI— 11 Seize contents of a nest 12 Giants in pairs advance 15 Liberty of unattached monk against up in Ghana (7) II f 22 I 20- Undercover laughter ri|r__^|_^l_^L_^J_^J— U 11—-88—PI--2- Remedy taken by priest IIbI-—-L|^ before Brian194 words
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Miscellaneous166 1992-05-30 29 Singapore Outlook: Showers over several areas in the afternoon. Report: Maximum temperature 33.0 Assoc humidity 63% Minimum temperature 25.2 Assoc humidity 96% Hours of sunshine 8.70 Rainfall in mm Nil Rainfall this month 62.3 Rainy days this month 12 World report Asia-Pacific Hi/Ix>* Coiid. Auckland 14/04 Cloud> Bangkok 36/26 Cloud>166 words
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Miscellaneous56 1992-05-30 29 fciiULiCTfljffffCTWH PRO&PI&L-Y "WE. T i 1 "J", r*\c ruiwc I iraPßesstON I'm ujorkinG Xsfm......thKC out mY auDGtr joMes.Rßevßmpue.... r^ n fO N )i 0s J OJM€>4 w FACT NJOTVUHG TO uoPK OUT WOOJ I CPinAE M JuST COVJIP nUCM Me eARNS Mm TVC, PiGOfc&S ON T^e-T^v/^---r\S SCJfciߣ>LiuG ASSOCtATEO NEWSPAPERS LTD56 words
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Page 30 Miscellaneous
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Miscellaneous1552 1992-05-30 30 TODAY'S TV 11 An c^ H 400 Entertainment Special. ■EffITPKffSSI s Hockey Cham- L ■■uUiiisalH ■lllulSuiliiaJH Oua The >2 00 MN iSH£l'«-^. Lughatul Quran. Statistics may show that two- A Frenchman who gave up a Qggg 7.00 CNN. thirds of married men engage life ot luxury to pursue Jr 7.301,552 words
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Miscellaneous671 1992-05-30 30 MOVIES ON TV Red Sorghum, Mon, 10.30pm, young man whose face is disSBC 12 figured when a businessman One of Zhang Yimou's carli- burns down his house Bent er movies that won the 38th fn revenge, Ene salks the Golden Bear Award and k>eal mall. Oh. and he also helped671 words
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