The Business Times, 30 May 1992

Total Pages: 30
1 30 The Business Times
  • 17 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, May 30-31 1992 75*
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  • NEWS & MARKETS SUMMARY
    • 28 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.
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    • 28 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.
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    • 66 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 Dalian
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    • 36 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.
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    • 37 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 2
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    • 36 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 3
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    • 34 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 4
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    • Article, Illustration
      29 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 -4.4
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    • 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% unch
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    • 32 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 -I
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  • 569 1  -  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 turn
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  • 386 1  -  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 his
    386 words
  • 242 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
  • 289 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 of
    AFP.; Reuter,; AP  -  289 words
  • 127 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 of
    AFP,; Reuters; Source: Bridge Info  -  127 words
  • Page 1 Advertisements
    • 74 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 < Unit
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    • 39 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 status
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    • 11 1 LIFESTYLE Interviews with Raymond Chow Zandra Rhodes. EL 3 Kconomist op.miistic.
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    • 247 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 smoothly
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    • 27 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 2
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    • 13 1 FINANCE Checking out the MAS rights issue. EL 8 HK stockmarket. EL 9
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  • PAGE 2 NEWS
    • 410 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 the
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    • 453 2  -  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 companies
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    • 375 2  -  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 per
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    • 525 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 that
      Reuter  -  525 words
    • 642 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 last
      FT  -  642 words
    • 206 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 made
      Reuter  -  206 words
  • Page 2 Advertisements
    • 257 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 Property
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  • COMPANY NEWS 1
    • 389 3  -  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.
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    • 219 3  -  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. Tenaga
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    • 223 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 Woodlands
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    • 609 3  -  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 the
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    • 568 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
    • 338 3  -  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 six
      338 words
    • 362 3  -  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 with
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    • 480 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 Leader
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    • COMPANY BRIEFS
      • 69 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), were
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      • 50 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.
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      • 90 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 profit
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      • 69 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 per
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    • 537 4  -  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 told
      537 words
    • 362 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 by
      AFP, Reuter  -  362 words
    • 407 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 five
      Reuter  -  407 words
    • 332 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 Steel
      Reuter  -  332 words
    • 283 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 Poland
      Reuter  -  283 words
    • 402 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 only
      FT  -  402 words
    • 501 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 Co
      Reuter  -  501 words
  • Page 3 Advertisements
    • 6 3 Fundamentals are still sound. Page EI-8
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    • 305 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)
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  • Page 4 Advertisements
    • 859 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 on
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  • FINANCIAL NEWS
    • 380 5  -  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 their
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    • 265 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
    • 644 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 to
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    • 407 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 Commission
      Reuter  -  407 words
    • 267 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 Korea
      Reuter  -  267 words
    • SMALL CHANGE
      • 68 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 make
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      • 72 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 Indosuez
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      • 71 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, combined
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      • 70 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 KIO
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    • 231 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 by
      AFP  -  231 words
  • Page 5 Advertisements
    • 105 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 TRIPLE
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  • THE REGION
    • NOTE BOOK
      • 80 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,
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      • 86 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-organiser
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      • 76 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 given
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      • 73 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 that
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    • 396 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 Raul
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    • 180 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 their
      AFP  -  180 words
    • 459 6  -  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 Ramos
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    • 347 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 cent
      Reuter  -  347 words
  • SHIPS IN PORT
    • 618 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 alongside
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    • 1518 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 2
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  • THE WORLD
    • 481 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 to
      Bloomberg  -  481 words
    • 684 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, the
      NYT  -  684 words
    • 338 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 the
      FT  -  338 words
    • 390 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 steel
      Reuter  -  390 words
    • WORLD WATCH
      • 75 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 after
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      • 92 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,
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      • 77 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 vapour
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      • 77 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". But
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      • 59 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 federal
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    • 430 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 almost
      Reuter  -  430 words
    • 566 7  - 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 easier
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  • Page 7 Advertisements
    • 67 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. The
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    • 95 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 purchases
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  • STOCK EXCHANGE OF SINGAPORE 1
    • 960 8  -  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 it
      960 words
    • Article, Illustration
      73 8  -  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 the
      Source: Bridge Info  -  73 words
    • 3085 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 2.1
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  • 2915 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 Steel
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  • Page 10 Advertisements
    • 175 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)
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  • KUALA LUMPUR STOCK EXCHANGE
    • 1044 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 the
      Bernama  -  1,044 words
    • 3547 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 7005
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  • STOCK EXCHANGE OF THAILAND
    • 1661 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 at
      Reuter; Source: Bridge Info  -  1,661 words
  • JAKARTA STOCK EXCHANGE
    • 992 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 changing
      Source: Bridge Info  -  992 words
  • Page 12 Advertisements
    • 16 12 Find out how sellers are reaching out to buyers in Advertising Marketing. Every Thursday in BT.
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  • TOKYO STOCK EXCHANGE
    • 2616 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 out
      Reuter  -  2,616 words
  • STOCK EXCHANGE OF HONGKONG
    • 2739 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.7
      Reuter  -  2,739 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2155 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 Queensland
      Reuter; Source: Bridge Info  -  2,155 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks fall on a broad front
      • 555 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 whole
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      • 770 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 chill
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      • 149 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 up
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      • 485 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.9
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      • 117 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 Stock
        117 words
      • 200 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 Zealand
        200 words

  • WORLD STOCK MARKETS
    • Hopes for rate cut push Dow to new high
      • Article, Illustration
        1492 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 27.99
        1,492 words
      • Article, Illustration
        833 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, down
        833 words
      • 198 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 off
        198 words
      • 370 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 3,375.34
        370 words
      • 829 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 AMSTEROAM
        829 words
  • Page 15 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1214 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 of
      1,214 words
    • 328 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 points
      Reuter  -  328 words
    • 1496 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 93
      1,496 words
    • 386 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 0.8163
      386 words
    • 530 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 1/16
      530 words
  • Page 16 Advertisements

  • COMMODITIES
    • 775 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 Tuesday
      775 words
    • 316 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 had
      AFP  -  316 words
    • 297 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-general
      Reuter  -  297 words
  • 1587 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 205.50/206.50N
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  • Page 17 Advertisements
    • 663 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 101
      663 words

  • 520 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 in
    520 words
  • 305 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 in
    305 words
  • 349 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 hopes
    349 words
  • PARLIAMENT BRIEFS
    • 65 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 the
      65 words
    • 137 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 work
      137 words
    • 83 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 if
      83 words
    • 92 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 Payments
      92 words
  • 343 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. Amendments
    343 words
  • 345 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 showed
    AFP  -  345 words
  • 373 18  -  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 signed
    373 words
  • 223 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, the
    AFP.; AP  -  223 words
  • 378 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 by
    AFP  -  378 words
  • 306 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 Larson
    Reuter.; AFP,; AP  -  306 words
  • Page 18 Advertisements

  • Executive Lifestyle
    • 1549 19  -  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
    • STRAWS IN THE WIND
      • 34 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
      • 26 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
      • 55 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 once
        55 words
      • 53 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
      • 48 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
    • OPINIONS
      • 865 20  -  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 a
        865 words
      • 807 20  -  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 a
        807 words
      • 760 20  -  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 must
        760 words
      • 662 20  -  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 parking
        662 words
      • 78 20  -  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 the
        78 words
    • LIFESTYLE 1
      • 849 21  -  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 unfazed
        Photo by Chris Loh  -  849 words
      • 688 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 for
        688 words
      • 761 21  -  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 the
        Photo by Chris Loh  -  761 words
      • 889 23  -  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 diet
        NYT  -  889 words
      • 829 23  -  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-Conti
        829 words
    • EPICURE
      • 539 22  -  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 Zhejiang
        539 words
    • PEOPLE
      • 264 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 turned
        Photos by Chris Loh  -  264 words
    • PURSUITS 1
      • 746 24  -  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 were
        746 words
      • 583 24  -  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 Bernard
        583 words
      • 942 25  -  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't
        Photos by Loh Chang Kuan  -  942 words
      • 763 25  -  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 out
        763 words
      • 500 25  -  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 exhibits
        500 words
    • PERSONAL FINANCE & INVESTMENT 1
      • 830 26  -  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 shareholders
        830 words
      • 568 26  -  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 describe
        568 words
      • 496 26  -  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 the
        Source: Bridge Info  -  496 words
      • 450 26  -  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, says
        450 words
      • 966 27  -  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 since
        966 words
    • SPORTS
      • SIDE LINES
        • 102 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 its
          102 words
        • 106 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 home
          106 words
        • 88 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 off
          88 words
        • 85 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 birdies
          85 words
        • 103 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 Andrade
          103 words
      • 588 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 kept
        NYT  -  588 words
      • 1213 28  -  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
      • 707 28  -  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
    • 1230 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 Amsterdam
      1,230 words
    • THE TRAVEL PAGE
      • 469 29  -  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 spruced
        469 words
      • 151 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 14.26
        151 words
      • 50 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* r
        50 words
    • Article, Illustration
      549 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
    • TIME OFF
      • 45 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. Spm
        45 words
      • Article, Illustration
        388 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-lnstitut
        388 words
  • Page 19 Advertisements
    • 273 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 giving
      273 words

  • Page 20 Advertisements
    • 25 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
  • Page 20 Miscellaneous
    • 51 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 HMBetZSm
      51 words


  • Page 22 Advertisements
    • 586 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 Sat
      586 words
    • 213 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
    • 332 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 WITH
      332 words

  • Page 23 Advertisements
    • 307 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 leisurely
      307 words

  • Page 24 Advertisements
    • 93 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


  • Page 26 Advertisements
    • 198 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, you
      198 words

  • Page 27 Advertisements
    • 192 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 of
      192 words
    • 233 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 TOO
      233 words


  • Page 29 Advertisements
    • 41 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
    • 7 29 Advertising Marketing in Business Times every Thursday
      7 words
    • 33 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 Exercise
      33 words
  • Page 29 Miscellaneous
    • 194 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 Brian
      194 words
    • 166 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
    • 56 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 LTD
      56 words

  • Page 30 Miscellaneous
    • 1552 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 7.30
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