The Business Times, 5 September 1992
1992-09-05
1
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The Business Times
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Title Section17 1992-09-05 1 Business Times MITA (P) 35/12/91 Weekend Edition, September 5-6 1992 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS SUMMARY
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76 1992-09-05 1 VIENNA The International Atomic Energy Agency has distanced itself from comments made by its weapons inspection chief Maurizio Zifferero's in Iraq that Baghdad's nuclear programme had effectively been destroyed. The agency said it was "still too early to conclude" that no new76 words
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51 1992-09-05 1 ROME An Italian military plane which crashed in the mountains south-west of Sarajevo on Thursday while taking aid to the besieged Bosnian capital was probably shot down and the weapon might have been a missile, Italian Urban Affairs Minister Carmelo Conte51 words
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Article53 1992-09-05 1 THE US stock market was mixed in early trading yesterday, reacting warily to evidence of unexpected new weakness in the economy. The Dow Jones Average dropped 4.60 in the first half hour but then turned higher to show a 2.97-point gain at 3,295.17 by 1430 GMT, one hour53 words
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Article23 1992-09-05 1 LONDON Share prices eased in midday trading in London yesterday. At 1145 GMT, the FTSE-100 Index down 9.8 points to 2,372.1.23 words
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Article31 1992-09-05 1 DEMAND from the US for Singapore's non-oil domestic exports continued to be sustained in July, supported by good demand for electronics, particularly disk drives. Page 231 words
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Article, Illustration63 1992-09-05 1 GARMENT and property group Wing Tai, which announced a set of improved full-year result, asked shareholders to subscribe a one-for four rights issue worth between $50.8 million and $62.4 million Page 3 Friday Change BT-MGA 660.20 -1.95) Kuala Lumpur ....581.17 +3.46 Tokyo 18,555.30 +168.81 Hongkong 5,707.5163 words
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Article22 1992-09-05 1 Exchange rates USS SS 1.5970 100 Yen SS 1.2838 MS SS 0.6398 Money market rates Overnight 3/4 +1/4 3-month 2 +1/1622 words
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Article35 1992-09-05 1 London Go4d AM fix US$341.30 USS 2.25 S pwe Oct.... 137.00*/kg +0.50 M'sia Oct 215.50*/kg -0.50 KL Tin Turnover 37tonnes -32 Spot M$l6.60/kg -0.10 Crude palm oil Turnover. I0771ots +483 Oct MS855 /tonne +635 words
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514 1992-09-05 1 Shoeb Kagda - Move follows MAS circular on internationalisation of S$ By Shoeb Kagda SINGAPORE Banks in Singapore have virtually stopped providing financing for foreigners to buy residential property or to speculate on the stock exchange, following a Monetary Authority of Singapore directive two months514 words
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371 1992-09-05 1 Anna Teo - Finding well borne out: EDB By Anna Teo SINGAPORE American businessmen have named Singapore the most attractive of 60 international headquarters sites in a recent Chicago survey a finding which the Economic Development Board (EDB) says is well borne out here. Reuter371 words
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382 1992-09-05 1 Kooi Cho Teng - Funds will help pay for new 30-year lease By Kooi Cho Teng SINGAPORE The Singapore Island Country Club (SICC) raised $133.2 million in membership-transfer and conversion fees for the year to June 30 which should help meet the $154.12 million cost382 words
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472 1992-09-05 1 SN Vasuki - Foundations for prosperity firmly in place By SN Vasuki SINGAPORE Those in Singapore who think the Republic's star will rise after 1997, simply because Hongkong's star will set when it returns to Chinese rule, should reconsider. Saying this in a speech472 words
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Page 1 Advertisements
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Advertisement173 1992-09-05 1 Nikon VWa ft mm al Hk n nliln Aim Ami in# www riotii nwiOyipnic oytwrn. COVER j OPINIONS LIFESTYLE LIFESTYLE PURSUITS FINANCE Breaking lPf% Reservations Rise of a Macau's Raging bulls of Bonds that find free in l|H|H^ x about the designer el 3 mouthwatering Madura el 7 favour el173 words
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Advertisement111 1992-09-05 1 Hock Lock Siew: Battle for MUI may rage again, Pg 3 fc,^^^^^4lfT HSi^ SINGAPORE: THE HOUR CLASS lucky Plaza Tel: *****20/1 Scotts Tel: *****27/7198 Centrepoint Tel: *****98/603 Peninsula Plaza Tel: 3378 309/*****63 PalaisßenaissanceTel: *****62/543 Raffles Tel: *****41 Changi Airport Terminal 1 (East West Wings) Tel. *****69/ 0, Terminal 2 (South111 words
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Advertisement13 1992-09-05 1 Nikon ThtWbrtd'sFlnMt Ptwtoyaphic System. Open-door poflcy vital to growth of banks, Pg 213 words
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PAGE 2 NEWS
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368 1992-09-05 2 Yang Razali Kassim - Industrial zone to be set up exclusively for S'pore businessmen From Yang Razali Kassim in JAKARTA SINGAPORE and India will give greater impetus to the formation of a "Madras corridor" for Singaporean businessmen, the prime ministers of the two countries agreed at368 words
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304 1992-09-05 2 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Singapore is the choice of most Asean members as the site for the secretariat of the Asia-Pacific Economic Cooperation (Apec) forum, according to a Singapore official. Apec foreign ministers will meet next week in Thailand to decide304 words
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243 1992-09-05 2 BANGKOK Thailand's keen interest in hosting the Asia-Pacific Economic Cooperation (Apec) secretariat could well be due to its desire to restore its international image, observers here say. The violent military suppression of pro-democracy demonstrators in May has badly hurt Thailand's tourism trade, and243 words
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217 1992-09-05 2 JAKARTA Asean may lose the chance to host the Asia-Pacific Economic Cooperation (Apec,) secretariat because of the impasse involving Thailand, Singapore and Indonesia as to which should be the venue, Indonesian Foreign Minister Ali Alatas said yesterday. Asean foreign ministers agreed217 words
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163 1992-09-05 2 SINGAPORE Kuching, the capital of Sarawak, would like to be part of the Growth Triangle, said the Malaysian state's Minuter for Industrial Development, Abang Johari yesterday. Sarawak's ministers have made the proposal to Singapore's top officials, but nothing concrete has been decided yet, according to the163 words
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362 1992-09-05 2 Schultz Lee - By Schultz Lee SINGAPORE In spite of the weak American economy, local manufacturers enjoyed strong demand from US buyers in July, with their export volumes up 15.3 per cent compared to last July. This is the best monthly growth362 words
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Article, Illustration438 1992-09-05 2 S N Vasuki - It takes time to develop a world-class bank By! S N Vasuki SINGAPORE The Big Four local banks can face any foreign competition, says HSBC Group chairman William Purves. Mr Purves told a Singapore press conference that Hongkong's experience with pursuing438 words
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401 1992-09-05 2 Yang Razali Kassim - Reports by Yang Razali Kassim in JAKARTA LEADERS of the NonAligned Movement will reflect their new consensus on the future of NAM with a declaration tentatively to be called "the Jakarta Message". This declaration, Indonesian Foreign Minister Ali Alatas told401 words
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Article, Illustration262 1992-09-05 2 The Non-Aligned Summit JAKARTA Malaysian Prime Minister Mahathir Mohamad's strong views in defence of the Third World, hard-hitting as they may be, reflect the sentiments of all in the Non-Aligned Movement, says Indonesian Foreign Minister Ali Alatas. Speaking to the press at a late-night262 words
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416 1992-09-05 2 Kenneth James - By_ Kenneth James SINGAPORE The only way to make the Asean Free Trade Area (Afta) really successful is to go for more than just a free-trade arrangement, a new analysis of the Afta initiative has concluded. The study's authors, Seiji416 words
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218 1992-09-05 2 SINGAPORE Regional trade blocs should not be seen as threats but stepping stones to a more open global trading order, a visiting Swedish minister said yesterday. Foreign Minister Maigaretha af Ugglas, in Singapore for three days after attending the Non-Aligned Movement summit in218 words
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COMPANY NEWS 1
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Article, Illustration494 1992-09-05 3 Lee Han Shih - By Lee Han Shih SINGAPORE Four months after it took in $30 million from a share placement, highly-geared Wing Tai Holdings is again out in the market raising funds. Yesterday the listed garment and property group announced improved full-year results and at494 words
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162 1992-09-05 3 SINGAPORE Singapore Automotive Engineering Ltd (SAE) has won an $8 million contract to supply and install engineering equipment for vehicles from AB Hagglunds Soner Ltd, a Swedish company. The contract, signed last week, takes effect immediately and requires SAE to complete delivery by162 words
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312 1992-09-05 3 SINGAPORE Neptune Orient Lines has returned to the fold of CPF trustee stocks after a six-year absence. It is one of the 14 new trustee stocks announced last night by the CPF. But the CPF has struck out Inno-Pacific Holdings from312 words
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Article207 1992-09-05 3 Firm spending Ms3om to computerise operations Bernama KUALA LUMPUR Mayban Finance Bhd, a whollyowned subsidiary of Malayan Banking Bhd, is expected to spend Ms3o million (SS 19.2 million) in the next three years to computerise its operations. Mayban Finance assistant general manager, operations, Khalid Sufat, saidBernama - 207 words
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498 1992-09-05 3 Leslie Lopez - THE HOCK LOCK SIEW COLUMN By Leslie Lopez KUALA LUMPUR The corporate battle for Malaysian conglomerate Malayan United Industries Bhd (MUI), locked in a one-year stalemate, may be revived in coming weeks. In a surprise announcement on Thursday, Pan Malaysian498 words
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410 1992-09-05 3 Lilian Ang - By Lilian Ang SINGAPORE United Industrial Corporation has posted net earnings of $16.54 million for the half-year to June 30, thanks largely to a strong performance from its subsidiary Singapore Land. The result is a dramatic improvement on the $17.85 million loss UIC410 words
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288 1992-09-05 3 LeaderGoldStar factory to start work next year Bernama GEORGETOWN, Penang Leader-GoldStar Magnet Wire Sdn Bhd, a new joint venture, will start operating its new MS3O million (Ssl9 million) factory in Permatang Tinggi, Butterworth by the middle of next year. The company, a joint venture between Leader Cable Industry Bhd (LCIB)Bernama - 288 words
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201 1992-09-05 3 KUALA LUMPUR Malaysia's Dunlop Estates Bhd and its associate Magnum Corp Bhd voluntarily suspended trading of their shares yesterday pending an announcement. Shares of both counters linked to businessman Lim Thian Kiat have been heavily traded over the last one month over speculation201 words
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COMPANY BRIEFS
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81 1992-09-05 3 KUALA LUMPUR Shell Refining Company Bhd has reported a 42.5 per cent drop in pre-tax operating profit to M 553.36 million (5534.15 million) for the half-year to June 30, 1992, from M 592.83 million in first-half 1991. The company said in unaudited results released81 words
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Article58 1992-09-05 3 KUALA LUMPUR Linatex Process Rubber Bhd has announced a group pre-tax operating profit of M 51.69 million (Ssl million) for the six months to June 30, 1992, down 22 per cent from M 52.187 million in first-half 1991. Pre-tax operating profit, however, rose 4 per cent58 words
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Article40 1992-09-05 3 SINGAPORE Singapore Computer Systems has won a contract from Standard Chartered Bank to supply management software for its data centres in Singapore, Hongkong, Kuala Lumpur and England. The value of the contract has not been disclosed.40 words
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Article56 1992-09-05 3 SINGAPORE Swens Asia Pacific Ltd has reported a 70.1 per cent jump in net earnings and a 14 per cent rise in turnover for the year to June 30, 1992. At group level, net earnings moved to $2.55 million, from $1.50 million, while turnover rose56 words
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Article44 1992-09-05 3 SINGAPORE General Magnetics Ltd has announced that its subsidiary P+O Compact Disc (S) Pte Ltd has entered into a $11.5 million contract to buy aCD mastering system and replication lines. The purchase will be financed by bank borrowings.44 words
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Article43 1992-09-05 3 SINGAPORE GRP Ltd has confirmed to the Stock Exchange of Singapore that the first and final dividend of one per cent per share referred to in the company's preliminary financial statement represents the gross dividend recommended by the board.43 words
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Article40 1992-09-05 3 KUALA LUMPUR Lion Land Bhd has posted a group pre-tax profit of M 533.03 million (5521.13 million) for the year to June 30, 1992, compared with a M 53.07 million loss in financial year 1991.40 words
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COMPANY BRIEFS
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61 1992-09-05 4 TOKYO Swedish vehicle manufacturing giant Volvo AB and France's state-run carmaker Renault SA may merge into one group company. Pehr G Gyllenhammar, chairman of Volvo, said in a news conference in Tokyo yesterday that it is possible the two companies will eventually merge. He61 words
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Article70 1992-09-05 4 LONDON Pearson pic said it earned £34.8 million (Ssl 10.7 million) pre-tax in the first half of 1992, down from £40.7 million a year earlier. The UK publishing, oil exploration and entertainment company said in a statement it will pay a first-half dividend of 5.375 pence per70 words
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Article45 1992-09-05 4 ESSEN, Germany German steelmaker Krupp Stahl AG, a unit of Fried Krupp AG, said it ran up first-half pre-tax losses of 32 million Deutschemarks (5536.4 million), compared with a pre-tax profit of 44 million marks in the same period of 1991.45 words
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Article65 1992-09-05 4 LONDON Rolls-Royce pic said it earned £20 million pre-tax in the first half of 1992, up from £11 million a year earlier. The UK aerospace and defence group said in a statement it will pay a first-half dividend of 2.5 pence per share, unchanged from a year65 words
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Article50 1992-09-05 4 LONDON Medeva pic said it bought the licences and trademarks of 28 products from SmithKline Beecham pic for £4.9 million. In a statement, the UK pharmaceutical group said combined sales for the products totalled £2.5 million. The payment will be in three instalments before March 31, 1994.50 words
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Article49 1992-09-05 4 LONDON Burmah Castrol pic said it earned £41.6 million net in the first half of 1992, up from £33 million a year earlier. The UK oil and gas company said in a statement it earned £84.7 million pre-tax, compared with £72.2 million a year earlier.49 words
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Article67 1992-09-05 4 BRISBANE Magellan Petroleum Australia Ltd has advised shareholders not to sell shares until the company receives takeover documents from Sagasco Holdings Ltd. Sagasco's unsolicited offer of A 52.75 a share values Magellan at about Asl22 million (S$ 139.7 million). Sagasco itself is under takeover67 words
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226 1992-09-05 4 Reuter AMSTERDAM Philips Electronics NV said on Thursday it had launched a worldwide cost-cutting drive to try to save hundreds of millions of dollars over the rest of 1992. The Dutch-based group, Europe's largest maker of consumer electronics, said the aim was to counter aReuter - 226 words
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448 1992-09-05 4 Survey expects 46pc plunge in steel industry AFP, UPI TOKYO Major Japanese firms will post an average 11.1 per cent fall in pre-tax profits in the year to March 1993, amid the slowdown in personal consumption and corporate spending, an economic newspaper reportedAFP,; UPI - 448 words
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280 1992-09-05 4 AFP TOKYO Moody's Investors Services Inc said yesterday it was reviewing the senior debt ratings of Japan's four main securities firms for possible downgrading as well as the short-term ratings of two of the companies. The review signals a further deterioration in the creditAFP - 280 words
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394 1992-09-05 4 Reuter CHICAGO Major retail stores reported modestly higher August sales on Thursday, and industry analysts predicted further improvement in the crucial months ahead. August sales were higher than last year's, even though Labour Day falls late this year, pushing more holiday and back-to-schoolReuter - 394 words
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Article, Illustration47 1992-09-05 4 NEW YORK The famous New York landmark Pan Am building, owned by Met Life Insurance since 1981, on Thursday began removing the Pan Am lettering. It will be replaced by the Met Life lettering and the project is expected to take up to three months.47 words
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239 1992-09-05 4 Reuter TORONTO Negotiations between Olympia York Developments Ltd and a syndicate of lenders led by JP Morgan Co continued on Thursday with no apparent agreement emerging between the two parties. "The focus this week has certainly been on the JP Morgan syndicate," the O&YReuter - 239 words
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Page 3 Advertisements
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Advertisement63 1992-09-05 3 I IN THE MARKET PAGES KL second-liners lead 11 Tokyo still rallying 13 ACROSS THE NATION AROUND THE WORLD iriLiccm as "IPCM VC II if mmm WBWWUPKp Telecom Towers, 52-60 Railway Parade, Burwood, Sydney Australia. •16,305m2 net lettable area (approx) •Parking for at least 393 vehicles *Net Income: $5,246 million63 words
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Page 4 Advertisements
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Advertisement275 1992-09-05 4 B U SIN ESS TIMES Toll free Tel No 737 0Q43 Fax No: 734 3698 LEE KUAN YEW SCHOLARSHIPS The Lee Kuan Yew Scholarships are prestigious Postgraduate Scholarships intended for outstanding Singaporeans to pursue postgraduate studies overseas or locally in order to develop their potential as leaders in their fields275 words
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FINANCIAL NEWS
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446 1992-09-05 5 Reuter HONGKONG Turmoil on world currency markets as the dollar dived to all-time lows against the Deutschemark has posed a new challenge for the Hongkong dollar's long-standing peg to the US currency, economists say. While they recognise the peg of HK$7.B to theReuter - 446 words
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279 1992-09-05 5 Reuter NEW YORK After the heady days of growth in foreign exchange in the 1980s, global recession has pinched expansion in the world's biggest market. The international forex market, measured in daily turnover, continues to swell but at a slower pace, analysts say. ButReuter - 279 words
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Article, Illustration683 1992-09-05 5 DBS Bank weekly currency review US$/Dm: faint pulse for the dollar as... While Hurricane Andrew continued to brew in America, the US dollar continued to face a wave of selling in currency markets in the early part of this week. A brief reprieve to 1.4170683 words
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SMALL CHANGE
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63 1992-09-05 5 ROME The Bank of Italy said yesterday that it raised its key discount rate by 1.75 percentage points to 15 per cent to defend the lira on the foreign exchanges. The bank's fixed term advances rate, the rate at which it gives emergency financing63 words
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65 1992-09-05 5 TOKYO A quick and steep advance of the yen towards 110 to the dollar is seen as undesirable. A senior Ministry of Finance official yesterday said: "The yen's quick and steep rise towards 110 yen is undesirable, although there is no change in the65 words
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Article88 1992-09-05 5 SYDNEY Australia's major banks began lifting lending rates here yesterday for the first time in nearly three years. The increases come after a week of repeated assurances by the government that monetary policy would not be tightened the Reserve Bank's unofficial cash rate stands at88 words
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Article51 1992-09-05 5 TOKYO Finland has set a 5.6 per cent coupon for its 95 billion yen (S$ 1.2 billion) eight-year Samurai bond issue, underwriting sources said. The bonds are priced at 99.50. Payment date is on Sep 14. Daiwa Securities Co Ltd could be lead manager, the sources51 words
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Page 5 Advertisements
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Advertisement1157 1992-09-05 5 BI^S^NESSTIMES Toll free Tel No 737 0Q43 Fax No; 734 3698 WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors wishes to announce the following 1 AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 1992 The audited consolidated results for the year ended 30 June1,157 words
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THE REGION
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NOTE BOOK
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80 1992-09-05 6 JAKARTA Indonesia's military will soon get 39 secondhand warships from Germany, a press report said here yesterday. "Although the warships have been used by the former East German armed forces, they are still in good condition," the Jakarta Post daily quoted the80 words
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Article87 1992-09-05 6 JAKARTA East Timorese rebel leader Xanana Gusmao, who heads a band of guerillas fighting Indonesian rule in the former Portuguese colony, has offered to have peace talks with President Suharto's government. "We appeal to President Suharto to accept the olive branch we are offering87 words
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Article79 1992-09-05 6 MANILA Former Philippine first lady Imelda Marcos said here yesterday that she planned to have the body of her late husband, deposed dictator Ferdinand Marcos, returned :to the Philippines by Sep 23. Mrs Marcos made the announcement as she thanked self-proclaimed US philanthropist Elena79 words
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Article78 1992-09-05 6 PHNOM PENH The United Nations body overseeing Cambodia's transition to peace has drafted a media law upholding the right to freedom of speech in this war-battered South-east Asian country. "The purpose of a free media in Cambodia is to provide its people with an opportunity78 words
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87 1992-09-05 6 PATTAYA At least 3,000 children have been born to mothers in Thailand since the virus was detect;l*sd here three years ago, a senior health official said on Thursday. Thailand's Public Health Aids Division director Supachai Rerk-ngam told 320 provincial health oflfiv'dals here on Thursday that87 words
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Article, Illustration343 1992-09-05 6 Singapore attracts highest number with 2.39 m arrivals AFP KUALA LUMPUR Visit Asean Year 1992 had boosted tourist arrivals in almost all countries in the South-east Asian region, with Singapore attracting the highest number of visitors among them, news reports said yesterday.AFP - 343 words
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363 1992-09-05 6 AFP HONGKONG Hongkong will lose billions in export dollars, jobs will be shed and output shaved if the United States imposes punitive tariffs against China, a government official said yesterday. Around 16,600 jobs will be lost if Washington enforcesAFP - 363 words
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476 1992-09-05 6 Reuter MANILA A vigorous attempt by legislators to place a cap on Philippine foreign debt payments has sent a shudder through the corridors of power, but faces an uphill battle for approval in Congress. House of Representatives Speaker Jose de Venecia,Reuter - 476 words
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SHIPS IN PORT
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Article603 1992-09-05 6 1 ■M 1 larth Arrival Dqnrtwt Vessel Voy No Berth Armi Daparhre 3 4 V Marina Terminal 1 iatam Maiu *****2 iatam Murm *****2 iatam Sayang *****2 iatamindo 2 2039S Saruda G73 dahkota Exp 187/92 «v 3 1/92 >an Batam S132 xn Ma 121A 04/92 tianakul 014603 words
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Article1631 1992-09-05 6 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO Record Bodunt/Balance Rdts Sty Voy No Etb/Btr Psriod From To From f ACX Daisy 30A 05/1800 1 04/1500 04/1669 04/1900 i ACX Jade 101A 06/0700 1 04/1500 04/1659 04/1900 2 04/1700 05/0659 05/0900 3 05/0700 05/1159 05/1400 i Aeostn Neto1,631 words
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Article182 1992-09-05 6 Kuantan Port In too roads: Berth 1 k KD Keris, KD Ketam, KD Beladau, KD Kdewang, KD Sunday 1: Kota Raja; 2: North Star; 3: Taveechai Marine; 4: Sang Thai 3. Pafcn oi berth outer Bow Mariner P*n ol berth mar ml. at. _,i Mm oi Mnn.182 words
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THE WORLD
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Article, Illustration527 1992-09-05 7 Recession trims household incomes by an average of US$ 1,000 Reuter WASHINGTON There were 35.7 million Americans living in poverty last year, the highest level since 1964, the Census Bureau said on Thursday. The number of people under the poverty line increased 2.1Reuter - 527 words
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262 1992-09-05 7 Reuter WASHINGTON The White House said on Thursday it would be months before the world's major trading partners could reach a new trade pact long sought by President George Bush and other leaders. The sudden pessimism about the latest round of theReuter - 262 words
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Article, Illustration177 1992-09-05 7 FT LONDON Kevin Maxwell, whose father, Robert Maxwell, was one of Britain's richest men, on Thursday became Britain's biggest ever bankrupt, with debts of over £400 million (S$ 1.27 billion). At the end of a private hearing in London, a bankruptcy court registrarFT - 177 words
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200 1992-09-05 7 Reuter, AFP HONGKONG Britain and China are likely to resume talks over the financing of Hongkong's new airport project next week, a Hongkong government spokeswoman said yesterday. "Both sides have discussed reopening talks and it's likely that they would hold talks againReuter,; AFP - 200 words
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326 1992-09-05 7 Reuter WASHINGTON Russia lost the equivalent of about half of the US$lO billion (5515.9 billion) to US$l2 billion in international aid it received in the first half of this year to illegal capital flight out of the country, monetary sourcesReuter - 326 words
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387 1992-09-05 7 AP PARIS President Francois Mitterrand, risking his political prestige in a live televised debate, said on Thursday that France would suffer damage of historic proportion, if it rejects the Maastricht treaty on European union. Defeat of the treaty in a referendumAP - 387 words
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436 1992-09-05 7 IHT JAKARTA Analysts expressed concern on Thursday that the US sale of advanced warplanes to Taiwan might prompt China to step up weapons purchases from Russia, intensifying the arms race in Asia. Jusuf Wanandi, chairman of the supervisory board of theIHT - 436 words
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283 1992-09-05 7 Reuter TOKYO Prime Minister Kiichi Miyazawa said on Thursday Americans should give some sort of understanding to China's policy regarding human rights. "I often tell Americans that there are various ways of interpreting human rights depending on the stage of economic development,"Reuter - 283 words
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WORLD WATCH
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98 1992-09-05 7 TOKYO Japan yesterday said it expects Russian President Boris Yeltsin's Tokyo visit to go ahead despite a threat from Moscow to postpone it over alleged poor security arrangements. "Japan will make doubly sure of its safety measures," chief government spokesman Koichi Kato told reporters.98 words
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Article77 1992-09-05 7 BEIJING China said student activist exiles who fled after Beijing crushed the 1989 pro-democracy movement are free to come home despite the arrest of dissident Shen Tong this week. The official Xinhua news agency said on Thursday: "China's policy on welcoming overseas students will not be77 words
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Article68 1992-09-05 7 HANOI Beach bufTs may soon be singing "Surfin' Vietnam" in the curl off China Beach. The official Vietnam News newspaper said yesterday that Bruce Hopping, the chairman of the US-based International Surfing Association, agreed with the Vietnamese government authorities to hold a surfing competition in Danang68 words
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Article69 1992-09-05 7 SYDNEY Australia's most famous wildlife symbol rafey soon hop on to the menus of the country's largest stale. Officials in New South Wales (NSW) said they have in(rpduced legislation to legalise consumption of kangaroo from animals culled by professional hunters to ease overpopulation. Kangaroos, with an69 words
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Article, Illustration55 1992-09-05 7 HOMESTEAD, Florida A couple walking through a destroyed trailer park on Thursday where somebody had posted a warning against looting in this town just south of Miami. Local residents have complained of some looting in the area devastated by Hurricane Andrew. At night, the National Guard patrols55 words
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Article60 1992-09-05 7 SACRAMENTO, California More Americans are leaving California than arriving for the first time in nearly 20 years, according to new figures from the state Finance Department. "People move around for jobs, and the jobs aren't here in California," state demographer Elizabeth Hoag said on Thursday. California60 words
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Page 7 Advertisements
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Advertisement259 1992-09-05 7 NEWSPAPERS AVAILABLE Now you can get the latest news updates from the range of newspapers and magazines distributed by SPH at any of the following 24-hour petrol stations anytime! CENTRAL: BP 462 Balestter Road ESSOIOOI Toa Payob Lor 5 ESSO 4870 Beach Road MOBIL 542 BaJastiar Road ESSO 174 Holland259 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3825 1992-09-05 8 William Chia - Losses by some index-linked issues drag down ST Index By William Chia SHARE PRICES on the Singapore stock market ended mixed yesterday but the major indices fell because of losses suffered by some index stocks. The 30-share Straits Times Industrials Index ended 2.833,825 words
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Article, Illustration79 1992-09-05 8 Anthony Pang - Anthony Pang TUAN SING's sudden surge yesterday may be the start of a sharp but very short-term rally a feat it has already performed twice in the past two years. However, the current rally may last longer than the two previous ones, since the divergent 13-month RSI pointsSOURCE: BRIDGE INFO - 79 words
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Article3194 1992-09-05 9 Asia Pacific 1120 +10 +0.9% DBS Foreign 1180 +10 +0.9% GE Life 1110 +10 +0.9% OCBC Foreign 1150 +10 +0.9% Tat Lee Bank 306 +10 +3.4% ICS 2% +8 +2.8% ICB Wt 220 +7 +3.3% Spore Land 410 +6 +1.5% B Sembawang 685 +5 +0.7%3,194 words
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Page 9 Advertisements
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Advertisement144 1992-09-05 9 YOUR KEY TO SPH SHINE COMPANY RESEARCH Shine is Singapore Press Holdings' infbrich database on Teleview, which incidentally is the most advanced videotext system in the world. And SPH Shine Company Research is a high valueadded package comprising useful and pertinent business information on over 300 companies. We highlight who144 words
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Article3353 1992-09-05 10 Magnum Corp 50* 540 +25 +4.9% Dunlop Est CULS 239 +23 +10.6% H Leong Ind 50« 530 +20 +3.9% Dunlop Est 252 +18 +7.7% Gentings 50* 785 +15 +1.9% Multi-Purpose 74 +7 +10.4% MAS 342 6 +1.8% Akom 190 +5 +2.7% Berjaya Leisure 118 +53,353 words
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Page 10 Advertisements
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Advertisement36 1992-09-05 10 to p jcs C ose your hearts P J M I IMI I kf i I |T§ The to you sph Dial 740-2222 now! Press AUDIOTEX SERVICE This wook's Skin Caro Tips is sponsored by /<aoX)36 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5352 1992-09-05 11 Bernama IMPROVED sentiment and retail support for selected sec-ond-liner stocks led share prices in Kuala Lumpur to a higher close yesterday in fairly active trading. The KLSE Composite Index at the close added 3.46 points to 581.17, the Industrial Index 3.01 pointsBernama - 5,352 words
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CHINA STOCK EXCHANGES
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Article, Illustration377 1992-09-05 12 ALL MARKETS closed lower yesterday with the CLSA All China Index down by 84.27 points to end the week at 2,451.42. The downward movement was mainly attributed to the 111,64-point loss in the Shenzhen A market. The Shanghai A shares, on the377 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration962 1992-09-05 12 JAKARTA share prices closed lower in yesterday's half-day trade, brokers said. The Composite Index ended at 298.89 points, down 1.46. "It's very quiet and boring," one broker said. "There was hardly any orders to execute." Pulp and paper producer Indah Kiat was actively962 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2122 1992-09-05 12 Reuter TRADE SLOWED down and share prices ended mixed in Bangkok yesterday as investors saw that the stock index was listless and major property firms eased lower, brokers said. The SET Index ended 0.14 points lower at 763.28 on a moderate turnover ofReuter; Source: Bridge Info - 2,122 words
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Page 12 Advertisements
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Advertisement65 1992-09-05 12 lilUiltf 111 iUH lilll Iltf |H II I I 111 tA lI'HI I 1 1 I I ■111 111 II I I Find out in I I I I H I I I 1 IF I I I I HI VIII Personal Investment and Finance. I■ I I I H65 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2589 1992-09-05 13 Reuter STOCKS pushed their rally into a second day yesterday to end firmer but off their highs in hefty volume. The 225-share Nikkei Average was up 168.81 points or 0.92 per cent to 18,555.30. Program orders and selective buying by dealers were offset byReuter - 2,589 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2459 1992-09-05 13 Reuter STOCKS closed lower yesterday, ending the short week subdued by a lack of marketmoving news and unresolved issues overseas. "It just drifted off a bit in the afternoon with some book-squaring ahead of the weekend. As far as I know there's been noReuter - 2,459 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2055 1992-09-05 14 Reuter THE AUSTRALIAN share market ended the week on a positive note yesterday, closing slightly higher after a week of heavy losses. Brokers predicted the market was likely to remain flat over the coming week as investors waited out the current reportingReuter; Source: Bridge Info - 2,055 words
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REGIONAL STOCK MARKETS
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NZ shares end week on strong note
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Article50 1992-09-05 14 INDICES TURNOVER Cloac ■fc ITCHOtS Sep 4 NEW ZEALAND NZSE-40 Capital 00 Ch 1,471.74 +19.84 MANILA Composite Index 1,392.0 1.392.27 ■0.27 Turnover (mil pesos) 134.9 126.2 TAIPEI Weighted Price Index dosed 3,888.49 Turnover (NTS billion) closed 28.6 SEOUL Composite Stock Index 544.08 563.94 -19.86 Turnover (billion won) 360.97 446.06 -85.0950 words
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Article364 1992-09-05 14 Taipei Sept 3 NTS VoKW) All Sincere Ind 8.30 0.10 2 Asia Cement 52.50 -0.50 251 Cathay Constr 44.00 -0.50 1176 Cathay Life Ins 125.50 -1.50 669 Chang Hwa Bank 85.00 -1.00 726 Cheng Loong 21.00 -0.30 2274 Chia Hsin Cement 45.30 -1.30 650 Chia Hsin Flour 37.00 -0.80 3655364 words
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Article404 1992-09-05 14 THE NEW ZEALAND share market surprised brokers with a strong surge at the end of the week's trading on reasonable volumes yesterday. The NZSE-40 Capital Index closed 19.84 stronger at 1,491.58. Volume doubled other days in the week at NZ$26 million. "The impetus came from Telecom and Carter404 words
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Article515 1992-09-05 14 SHARE PRICES closed easier yesterday as investors waited for clearer signals from the market, dealers said. The Manila Stock Exchange Composite Index fell 0.27 points to settle at 1,392. Losers equalled gainers at 20 each in Friday's dull trade. "Investors have taken a wait-and-see attitude," said one broker. "They515 words
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Article857 1992-09-05 14 INVESTORS cashed in on this week's rapid rise in the stock market, pushing prices back in a spate of afternoon prof- it-taking yesterday, dealers said. The sell-off was concentrated on financial and securities shares, the biggest winners in this week's bull market, they said. "As the market slipped back857 words
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Article133 1992-09-05 14 SHARE PRICES ended higher across a broad front on Thursday after sustained investment and speculative buying reversed a slump during early trading, brokers said. The Bombay Stock Exchange Index rose 38.96 points to 3,079.53. The National Index rose 18.69 to 1,364.59. The market opened subdued on reports of high133 words
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WORLD STOCK MARKETS
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Dow slightly higher ahead of jobless report
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Article73 1992-09-05 15 INDICES TURNOVER NEW YORK Sep 3 Close Previous Dow Jones S&P 500 Turnover (million) 3,292.20 3.290.31 +1.89 417.98 417.98 unch 212.51 187.48 +25.03 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,741.0 1,682.8 +58.2 2,381.9 2,313.0 +68.9 547.5 429.9 +117.6 FRANKFURT DAX Index 1,530.75 1.506.67 +24.08 AMSTERDAM EOE Index 281.2473 words
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Article284 1992-09-05 15 Other markets in Europe, South Africa and Canada Johannesburg Sep 3 Rand INDUSTRIALS A Alpha 3500 unch AECI 680 AMIC 6550 100 Abercom 125 Amaprop 590 15 BAZ 1300 Barlows 5100 50 Basil Strk 10 Blyvoor 380 CG Smith ***** Cnagalo 2400 Curfin 635 unch Edgars 5000 Fed Volk 800284 words
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Article, Illustration1380 1992-09-05 15 STOCKS CLOSED narrowly higher on Thursday in active trading on the New York Stock Exchange as investors wiped out an early rally and showed caution ahead yesterday's US employjnent report and the long Labour Day •loliday. The Dow Jones Industrial Average added 1.89 points to 3,292.20. The broader1,380 words
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Article, Illustration891 1992-09-05 15 SHARE PRICES leapt in London on Thursday following the British government's announcement that it would borrow 10 billion ECUs worth of foreign currency to defend the pound. The extra borrowing will also reduce the sterling gilt requirement for funding of government spending, reducing the pressure on interest rates. At891 words
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Article171 1992-09-05 15 THE FRANKFURT stock market staged a good rally on Thursday, as the DAX Spot Trend Index ended the day at 1,530.75 points, up by 1.60 per cent from the Wednesday close. The Commerzbank indicator finished at 1,703.80, up by the same per cent. Operators said the market welcomed the171 words
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Article250 1992-09-05 15 DUTCH SHARES bounced with foreign bourses and on speculative professional demand on Thursday, ending a fairly thin session 2 per cent ahead near day-high prices, dealers said. The EOE index ended up 5.51 points at 281.24. The Bundesbank lifted an early cloud from the market by leaving credit policies250 words
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Article184 1992-09-05 15 THE PARIS CAC-40 Index, extending a stunning two-day rally, ended up 69.05 points on Thursday to 1,780.46 its highest close in four weeks. Traders attributed the sudden rush upward partly to a pervasive sense French stocks had recently been oversold due to worries about the Maastricht referendum. The treaty's184 words
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Article240 1992-09-05 15 SOME LIGHT technically motivated buying in the latter part of Thursday's session helped pull Italian shares off their opening lows, but the market still posted losses of 1.09 per cent at 728. "It was a bad day, especially towards the mid-session," one broker noted. 'Buyers are sidelined, there's little240 words
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Article242 1992-09-05 15 SWISS SHARES ended a moderately active Thursday session slightly firmer but below the day's high. The All-Share SPI Index rose 8.2 points to 1,105.4. The SMI Index of leading shares added 16.9 to 1,774.6. Dealers said positive company news supported sentiment and the firmer dollar helped export-driven shares. Slightly242 words
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Article138 1992-09-05 15 SWEDISH SHARES closed more than one per cent higher on Thursday. The All-Share Index rose 1.23 per cent to 750.83 while the Top-16 Index rose 1.65 per cent. Volume was average at 400 million kroner. Dealers said shares were boosted by lower domestic interest rates and strong foreign markets.138 words
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Article231 1992-09-05 15 BELGIAN SHARES on Thursday easily wiped out losses of the past three days by closing nearly 2 per cent higher but dealers said it was only a technical recovery which they feared would not last long. The Bel-20 Index of leading shares closed 20.79 points higher at 1,066.86 with231 words
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Article343 1992-09-05 15 TORONTO STOCKS surged on Thursday with broad gains spread across most sectors, dealers said. Strong advances by the US dollar, cuts in Canadian banks' prime lending rates and momentum from Wednesday's rises boosted the market, they added. The TSE 300 Composite Index was up 16.49 points to 3,453.20. Advances343 words
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Page 15 Advertisements
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Advertisement8 1992-09-05 15 Personal Finance Investment in Business Times every Saturday8 words
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CURRENCY, MONEY & FUTURES MARKETS
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1183 1992-09-05 16 REPORTS TOKYO Tokyo: The US dollar soared against the yen in Tokyo yesterday reflecting a buying trend in overseas markets. The US currency closed at 124.15 yen here, up 1.12 yen from the previous day's finish at 123.03 yen. It was1,183 words
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Article400 1992-09-05 16 Cross rates sep4 USS S$ MS Dm Yen SFr AS NZS USS 1.5970 2.4950 1.4170 123.95 0.5051 1.2670 1.3850 1.8484 SS 0.6262 1.5623 0.8873 77.6143 0.3162 0.7934 0.8673 1.1574 MS 0.4008 0.64 0.5679 49.6794 0.2024 0.5078 0.5551 0.7409 Dm 0.7057 1.1270 1.7608 87.47 0.3564 0.8941 0.9774 1.3045400 words
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Article530 1992-09-05 16 Interbank rates S$ Bid Offer Overnight 3/4 1 (•month 15/8 13/4 2-month I 13/16 I IS/16 3-month 2 2 1/8 Overnight mode: 1/2 US$ Bid Offer 7 days 3 5/16 3 7/16 1 month 3 7/16 3 9/16 2 months 3 3/8 3 1/2 3 months 3 3/8530 words
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249 1992-09-05 16 Reuter LONDON Sterling, buoyed by the UK government's decision to borrow 10 billion ECUs, may be moving into a bullish phase, technical analysts said. "It shows their preparedness to maintain (EMS) parities," said Adam Sorab, technical analyst at J Henry Scroder WaggReuter - 249 words
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Article1583 1992-09-05 16 SIMEX EUKOOOUAf Open High Low Sett Est Vol Act/Vol Op/lnt Sep 92 96 59 96.59 96 58 96.58 3100 1983 ***** Dec 92 96.45 96 46 96.44 96.45 3600 3388 ***** Mar 93 96.41 96.43 96.40 96.43 5600 3763 ***** Jun 93 96.12 96.14 96.10 96.14 3600 21481,583 words
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Page 16 Advertisements
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Advertisement7 1992-09-05 16 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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392 1992-09-05 17 Reuter BOGOTA Brazil and Colombia have agreed in principle to accept the consumers' tkmand that producers take Responsibility for controls of coffee exports under a new International Coffee Agreement, a Colombian private exporter said. The exporter said this was one of the conclusionsReuter - 392 words
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240 1992-09-05 17 Reuter WASHINGTON President George Bush's splashy offer to export huge amounts of US wheat at subsidised prices may have a relatively limited impact because it is aimed mostly at old customers rather than new buyers, trade analysts said on Thursday.Reuter - 240 words
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765 1992-09-05 17 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market closed 10 sen lower at M$ 16.60 per kg due to selling pressure and buyers' reserve. Dealers said the market also took its cue from the easier London Metal Exchange overnight close.765 words
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Article1467 1992-09-05 17 Rubber ttS C—wOty E»riiaf (fatarw ctoilwg m at lpw) ESS 1 C—tract (S cents/kg) Gose Volume Open Month High Low Sett (tonnes) Interest Oct 92 137.00 136.50 137.00 275 2,275 Nov 135.25 135.00 135.75 550 2,900 Dec 0.00 0.00 135.00 0 3,625 Jan/Mar 93 135.00 134.00 135.00 600 16,5001,467 words
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Page 17 Advertisements
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Advertisement1135 1992-09-05 17 BUSINESS TIMES Toll tree Tel No 737 0043 -Fax No: 734 3696 IN THE MATTER OFTIIE COMPANIES ACT, CHAPTER SECTION 76<1«) AND IN TIIE MATTER OF MIJRRAY-NORTII (SEA) PTE LIMITED The Company used to be a wholly-owned subsidiary of MurrayNorth International Limited ("MNIL") which in turn is a wholly owned1,135 words
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480 1992-09-05 18 Unit to speed up distribution to capture bigger market share Reuter, Bloomberg NEW YORK International Business Machines Corp said it was spinning off its personal computer business into a separate independent unit that will be better positioned to gain market share. "This wholeReuter,; Bloomberg - 480 words
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316 1992-09-05 18 AFP HANOI Vietnam has demanded the immediate withdrawal of two Chinese ships which, it alleged, were violating its territorial waters and blocking shipping lanes in the Tongking Gulf. Deputy Foreign Minister Vu Khoan delivered the demand yesterday to Chinese Ambassador Zhang Dewei, whoAFP - 316 words
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237 1992-09-05 18 Reuter CHICAGO Consumers associate certain smells with perfume counters, cookie stores, even sporting goods outlets. Now, gamblers may get a whiff of an odour that supposedly makes them risk more money, according to a researcher. An undisclosed scent made byReuter - 237 words
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434 1992-09-05 18 Reuter TOKYO Japan's stalled economy and a stronger yen combined to create yet another huge jump in its current account surplus in July, and private economists said they saw little hope of a change in course soon. The Finance Ministry said yesterday thatReuter - 434 words
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257 1992-09-05 18 AP, Reuter WASHINGTON The unemployment rate dipped in August to 7.6 per cent, the second consecutive drop, but the improvement came from a special summer jobs programme for teenagers, the government said yesterday. The rate, which hit an eight-year high of 7.8AP,; Reuter - 257 words
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Article, Illustration252 1992-09-05 18 Reuter, UPI BEIJING Chinese Finance Minister Wang Bingqian, who presided over a broadening budget deficit as Beijing sought to keep sagging state industries afloat, resigned yesterday after 11 years in office. The official Xinhua news agency, announcing the move, said Mr Wang, 67, would retain hisReuter,; UPI - 252 words
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512 1992-09-05 18 Mip NYT, Reuter HOMESTEAD, Florida Pushing his new class-orient-ed attack that President George Bush secretly plans to "devastate America's middle class and its workers" to pay for tax cuts favouring the rich, Arkansas governor Bill Clinton on Thursday accused the president ofNYT,; Reuter - 512 words
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Article, Illustration326 1992-09-05 18 NYT JOHANNESBURG Less than a month ago, De Beers Consolidated Mines, the secretive South African company that dominates the world diamond trade through a cartel that controls 80 per cent of the world's uncut diamonds, seemed to have coasted miraculously through aNYT - 326 words
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366 1992-09-05 18 AP GENEVA The 39-nation Conference on Disarmament on Thursday took a major step pushing forward an ambitious treaty to start the world on the path to wiping out chemical weapons by early in the 21st Century. The adoption of a consensus report that includes theAP - 366 words
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Page 18 Advertisements
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Advertisement8 1992-09-05 18 Fi Investment E Every Saturday in Business Times8 words
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Advertisement6 1992-09-05 18 INVESTMENT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1440 1992-09-05 19 Nirmal Ghosh,Michelle Low - Seven-year itch or mid-life crisis. Whatever it is, it's causing some 40-somethings to rev up their Harley Davidsons for a quick re-start on life. Nirmal Ghosh and Michelle Low look into the phenomenon Nirmal Ghosh,Michelle Low A 60-SOMETHING-YEAR-OLD restaurateur owns three cars, and drives around1,440 words
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STRAWS IN THE WIND
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Article35 1992-09-05 19 LONDON authorities have come up with an idea for a promotion centre. Its object: to sell the city to foreigners. The problem, though, may be the address: New Zealand House, London, UK.35 words
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Article57 1992-09-05 19 CALIFORNIA'S motorcyclists have always enjoyed the wind in their hair. Then the authorities banned helmetless riding this year. Along came Wigout Headgear, a line of helmets from an entrepreneur near San Diego. The helmets come with different hairstyles attached outside. The next product planned: a wig that can57 words
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Article72 1992-09-05 19 IN ITS latest report on Ja-_ pan's economy, broker Daiwa suggested: "One of tht major premises for the early completion of the production and inventory adjustment phases and entry of the economy into an autonomous recovery phase was the relative mildness of the adjustment taking place on the72 words
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Article43 1992-09-05 19 AT a recent "Meet the Press" session, the chairman was familiarising himself with reporters' names. Finally, he came to one he knew. "Ah, we are friends from long ago!" "Yes," came the reply. "We met at the Hotel New World disaster."43 words
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OPINIONS
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Article, Illustration1408 1992-09-05 20 Richard Ho Kong Fatt - Richard Ho Kong Fatt has many reservations about the proposed new downtown in Marina Bay which, he feels, will end up turning its back on the old city Richard Ho Kong Fatt The writer is an architect in private practice "y ISITORS to the exhi- bition1,408 words
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Article, Illustration487 1992-09-05 20 Chia Shi Teck - LETTERS TO THE EDITOR Chia Shi Teck MAY 1 THANK your journalists Cheryl Liew and Michelle Low for throwing in a full-page critical article on Style Singapore. We value all constructive criticisms and suggestions to improve Style Singapore. Style Singapore is487 words
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339 1992-09-05 20 Alfred Chan - Alfred Chan I HAVE been following with interest the saga of the Shangri-La bonds cum warrants issue but was rather puzzled by one point why was Business Times campaigning for Shangri-La to "sweeten" its warrants, no doubt in the interest of the company's339 words
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291 1992-09-05 20 Paul B T Yap, James Chin, Richard Ong - Paul B T Yap, James Chin, Richard Ong WE REFER to your article "Passengers able to leave ship in 40 minutes: Owner of Royal Pacific" (BT Sep 1). We are three of the survivors of the Royal Pacific who had to jump overboard291 words
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LIFESTYLE 1
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Article, Illustration869 1992-09-05 21 Cheryl Liew - Cheryl Liew attends a seminar in the hope of picking up some fashion tips Cheryl Liew HERVE Pierre, artistic director for haute couture at the House of Balmain in fashion mecca Paris, was all set to begin his seminar on French fashion. Except for the869 words
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Article, Illustration552 1992-09-05 21 RINGO LIEW - CD Review By RINGO LIEW INXS: Welcome To Wherever You Are BACK from a world tour and highly-publicised entanglements with various nymphs, Michael Hutchence and company return with a new album that confirms them as one of the leading funk rock bands on the planet. Hutchence,552 words
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Article, Illustration754 1992-09-05 21 Mary McHugh - Mary McHugh recalls the movies that made us cheer and swelled the bank accounts of their creators Mary McHugh There have, of course, always been movies released throughout the year, but with America's baby boom, a new phenomenon appeared: the Summer Movie, meant to keep youngsters754 words
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Article, Illustration862 1992-09-05 23 Stephen Vines - Would you brush aside the call of the roulette table to plunge into a culinary adventure in Macau? If so, read on for what Stephen Vines has to say Stephen Vines Most visitors to the Portuguese enclave of Macau head straight for the gaming tables in the gloomy862 words
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Article581 1992-09-05 23 N K Yong - Announcing the arrival of the 1988 super-Tuscans WINE By N K Yong AMONGST recent arrivals are three exciting super-Tuscans. The label "super-Tuscans" was recently coined to refer to a group of high quality wines which, because they do not comply with the regulations governing the Denominazione581 words
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EPICURE
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Article, Illustration726 1992-09-05 22 Nirmal Ghosh - Nirmal Ghosh samples succulent north-west Indian food at Hazara Nirmal Ghosh HAZARA, a newish Indian restaurant at Holland Village, has simple, pleasing and authentic decor, with a heavy ornate door and interior screens brought all the way from the western Indian state of Gujarat. The atmosphere726 words
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PEOPLE
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Article, Illustration168 1992-09-05 23 ITs a form of social bonding, of sharing the uniqueness of a culture of learning that all great academic institutions develop. Also, it makes for good business connections. Whatever the primary motivation, the world's top universities are well represented among the various alumni associations here. Among themPhotos by Arthur Lee and Chris Loh - 168 words
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Article, Illustration135 1992-09-05 23 FRIDAY, Aug 21, saw the signing of a deal that would have India's largest company tapping Asian and European money markets for a US$2OO million (SS32O million) loan for working capital. Indian Oil Corporation's chairman K N Venkatasubramaniam and the ANZ banking group's general manager David Murray135 words
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PURSUITS 1
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Article, Illustration748 1992-09-05 24 Susan Tsang - Although Gotham City is as visually compelling as ever, Batman Returns fails to grip viewers, says Susan Tsang Susan Tsang LIFE is like a sewer what you get out of it depends on what you put in. And the sewers of Gotham City, being748 words
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Article, Illustration561 1992-09-05 24 Nirmal Ghosh - A spectacular film on the Rolling Stones is on offer this month, reports Nirmal Ghosh Nirmal Ghosh IF YOU want a good view of Mick Jagger's dental plaque, watch The Rolling Stones at the Max at the Omni theatre. The ageing rocker, sneer,561 words
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Article, Illustration608 1992-09-05 24 Susan Tsang - Susan Tsang meets a painter who draws inspiration from the Ibans of her native Sarawak Susan Tsang SHE came to the Nanyang Academy of Fine Arts from Sarawak, and then moved on to England to study textile design. After all the travelling, Lucy Liew608 words
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Article, Illustration1101 1992-09-05 25 David Brazil - David Brazil visits a small island off east Java where both man and beast dress up for the racetrack. David Brazil ALL it takes is 10 seconds. But those 10 seconds are the culmination of year-round preparations and four months' racing and are the climax of1,101 words
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Article, Illustration708 1992-09-05 25 Michelle Low - Michelle Low tries not to get sloshed overboard during a sunset dinner Michelle Low Tl HE first thought that springs to mind when you step on board the Sea Palace is probably: "Will I get seasick all over my nice blouse?" Having708 words
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Article, Illustration525 1992-09-05 25 David Lim - David Lim enters a whole new time-frame in a Swiss watch exhibition David Lim NOT far from the heart of the Swiss city of Bienne is a museum dedicated to a difficult art and science the measurement of time. Housed in a discreet building, the museum was525 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration865 1992-09-05 26 Chew Eng Han - When the economy is in the doldrums, Chew Eng Han recommends looking beyond stocks for a better investment Chew Eng Han SADDLED with cash, investors and fund managers alike are scratching their heads as to where to put their money. With the global865 words
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Article577 1992-09-05 26 Shoeb Kagda - A research firm does not believe Indonesia wiil devalue the rupiah. Shoeb Kagda reports Shoeb Kagda THE Indonesian rupiah, contrary to speculation, is not likely to be devalued given the country's increased ability to defend it. Investors on the lookout for short-term gains should therefore consider buying577 words
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Article491 1992-09-05 26 Amy Balan - 4my Balan explains how for as little as $500, anyone can invest in bonds Amy Balan INDIVIDUAL bond investment requires big bucks. Those with smaller pockets however need not despair. There are at least four local bond funds open to the man-in-the-street for as little491 words
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Article, Illustration391 1992-09-05 26 William McLaren - William McLaren examines W D Gann's law of vibration William McLaren WD GANN is considered to be one of the most successful stock and commodity traders in history. Several magazine and newspaper articles described his accomplishments. One observer watched Gann make 286 stock transactions during theSource: Bill McLaren - 391 words
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Article, Illustration571 1992-09-05 26 Najeeb Jarhom - CHAW By Najeeb Jarhom The writer is research manager of Fraser Securities FOR INVESTORS concerned about their investments during the often perilous August to November months, there is a soothing thought: the stock market usually ends the year at significantly higher levels from571 words
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Article, Illustration789 1992-09-05 27 Leslie Yee - Leslie Yee looks at the various types of loans available on the market and talks about the other factors to consider besides interest rate Leslie Yee BANK interest rates have been coming down, making savings very unattractive. But }he low interest rates make borrowing from789 words
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Article, Illustration327 1992-09-05 27 Baring Securities predicts that the Malaysian stock market will be a star performer next year Bloomberg KUALA Lumpur's stock market is set to become one of the star performers of 1993 and smart investors should start to buy Malaysian stocksBloomberg - 327 words
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Article, Illustration607 1992-09-05 27 Quak Hiang Whai - Quak Hiang Whai examines a new phenomenon called the unfixed deposit Quak Hiang Whai EARNING a fixed deposit rate with a savings deposit? No kidding. Citibank calls it the "unfixed" time deposit. Introducing its first ever "unfixed" deposit through its nation-wide telephone exercise in607 words
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SPORTS
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SIDE LINES
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113 1992-09-05 28 CRANS-SUR-SIERRE, Switzerland Scotland's Colin Montgomerie fired a 9-under-par 63 on Thursday to take a one-stroke lead after the first round in the US$l.l3 million (551.79 million) European Masters golf tournament. Montgomerie, seeking his first European PGA Tour win this season, scattered two eagles and five113 words
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Article, Illustration65 1992-09-05 28 KORTEMARK, Belgium Triple Tour de France winner Greg LeMond will miss tomorrow's world road race championships in Spain because of illness. The American said: "I feel too weak to take my place in Spain." He said blood tests revealed that he has a urinary65 words
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Article76 1992-09-05 28 JOHANNESBURG Jahangir Khan, returning after six months out with a back injury, is scheduled to face top-seeded Pakistani compatriot Jansher Khan in the semifinals of the World Open squash championship later this month. Jahangir, who won the world title six times in the 1980s, has a first76 words
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Article117 1992-09-05 28 MONZA, Italy Williams-Renault has not yet named its drivers for the 1993 racing season but Riccardo Patrese is certain he won't be one of the two. "Nobody told me to stay with Williams, thus 1 am seeking a new team for the next season," said117 words
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Article, Illustration868 1992-09-05 28 US Open McEnroe scrapes through; Courier plays it cool; Brad Gilbert upsets Stich AP NEW YORK Magdalena Maleeva's line-kissing groundstrokes, an untimely cloudburst and a touch of age combined on Thursday to hand Martina Navratilova her earliest US Open loss since 1976 the year after Maleeva wasAP - 868 words
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296 1992-09-05 28 NYT PARIS They met at the place de Varsovie, rather like a large family setting oft* on vacation. More than 150 vehicles, their trunks loaded with supplies, were parked in a horseshoe at the foot of the Eiffel Tower. But theNYT - 296 words
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Article, Illustration370 1992-09-05 28 AFP SVETI STEFAN, Yugoslavia The result, which came after 59 moves and seven hours of play, left the score at 1.5 for Fischer and 0.5 for Spassky after two games. The third game, in which Fischer is due to play white, as he did onAFP - 370 words
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Article441 1992-09-05 28 AFP (White: Boris Spassky/Black: Bobby Fischer) King's Indian Defence 1.d4/ Nf6 2.c4/g6 3.Nc3/ Bg7 4.e4/d6 The King's Indian Defence is one of Fischer's favourites, although he never played it against Spassky during their world championship match in Reykjavik 20 years ago. The King's Indian Defence (KID) isAFP - 441 words
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Article, Illustration306 1992-09-05 28 The Paralympic Games NYT BARCELONA, Spain Two hundred wheelchairs adorned with multicoloured lights rolled into Barcelona's Montjuic Olympic stadium as the Paralympic Games opened to the theme of the light of inspiration on Thursday. More than 3,000 disabled athletes from 85 countries,NYT - 306 words
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Article1081 1992-09-05 29 cny fhm no fi** n» *km MmM GA860 0045 AMaMa Qf81 1955 QF82 2205 SQ228 2025 »—M RJ187 0130 Uukuitm SQ319 0715 KL837 1255 GA890 0150 KL838 2240 SQ342 2325 JUcMaa4 NZ21 1820 NZ22 1940 SQ286 2030 l*gja Gf 148 0855 GA525/910 1755 W l>piM SQ1811,081 words
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THE TRAVEL PAGE
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Article, Illustration643 1992-09-05 29 James Henderson - LETTER FROM SALZBURG By James Henderson BARE mention of Salzburg is enough to send people into a spin. They hear the intoxicating strains of Strauss and see a host of waltzers processing around a baroque ballroom. And Salzburg is Mozart's birthplace. My sophisticated friends made643 words
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Article152 1992-09-05 29 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1474 1.1630 Canadian dollar 1.3202 1.3468 NZ dollar 0.8537 0.8709 Sterling pound 3.1490 3.1918 US dollar 1.5920 1.6010 Local dolkn to 100 anits of fm cigi carreacy Austrian schilling152 words
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Article74 1992-09-05 29 Duration Title Venue Organiser Td Sep 24- Autumn Show for Zurich, ZUSPA, Zurich (41)1/*****01 Oct 4 Household, Home, Switzerland Sport A Fashion Sep 25- Marseilles Marseilles, Societe Anonyme (33)*****64$ Oct 5 International France Foite Intl (fax) Fair de Marseille, SJLF.I.M Duration Title Venue Organiser Td Oct 1-574 words
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Article, Illustration394 1992-09-05 30 "La Guitarra Latina" by Eleftheria Kotzia The award-winning Greek guitarist performs music from South America, Spain and Greece. Venue: Jubilee Hall Theatre Playhouse. Raffles Hotel. Today. Bpm. Piano Recital by Kong Xiang Dong The winner of the fifth Sydney International Piano Competition will perform works by Mozart, Rachmaninov, Brahms,394 words
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Article628 1992-09-05 30 Batman Returns. It's finally here. Michael Keaton returns to And he has to compete with a ferociously feline Michelle Pfeiflfer and a pudgy penguin Danny DeVito. Now showing at Yishun 10. Capitol, Changi 2, Chinatown 2, Savoy 2, Republic 2, New Crown, Golden 2, Odeon Katong and Broadway 2.628 words
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Page 19 Advertisements
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Advertisement240 1992-09-05 19 JBHHHHHI GEographique. Around the world in 24 hours. THE world ■&SB NEVER SEEN A WATCH QUITE THE MECHANICAL ccocraphique BEFORE: FASHIONED jmP7JYjyr j in is k colo. it wsWx |p #4r j? Setting new standards in AUTOMATICALLY SIMPLICITY. TURN THE LEFTSHOWS THE LOCAL StftT* HAND CROWN UNTIL ONE OF THE240 words
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Advertisement25 1992-09-05 20 BT welcomes letters from you. Please address them toe 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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Miscellaneous56 1992-09-05 20 DOONESBURY GARRY TRUDEAU EVE* HEARD OF RETIN-A. WHEN YOU GROW UP IN MAYBE I SHOULD 6ET A I KNOW, SON* irSAVBHiHPOK- =a S! THESUN.UKBIPIP. SMSCMPTtONTDTHENEW HONEY TANT NEUJME&CJNE. fT YOUCAN6CTUJTSOF BNGLAND JOURNAL OF MOMMY, HtILGET HAKES WRINKLES 60 RHCHHAKE M AWAY.- YOU LOOK OLD... I TO STAY ABREAST.~ rT TP56 words
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Page 21 Advertisements
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Advertisement196 1992-09-05 21 THE 24TH SINGAPORE INTERNATIONAL FESTIVAL OF BOOKS AND BOOK FAIR 92 MBBBBBBBBM "(Titaduui cj-6* Function Room-Hall I,WTC ZTTTi 1 00 PJ?"2 O P m The Book Fair with many attractions, discounts gifts m teaies Over 160,000 latest titles in English, Chinese, Malay, Tamil, for Meeting Your Dream French, Japanese and196 words
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Page 22 Advertisements
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Advertisement824 1992-09-05 22 Nothing Beats ABinLftffinfli where to wine, dine Whwo OF M.MTX3=J=XI=: Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourito. And if that's not enough, our Sunday tea special also indudes Karaoke at Singsation, Singapore's only theme karaoke.824 words
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Advertisement214 1992-09-05 22 Indeed he does. And we suggest you be early for a feast you'll IMMIN4 thoroughly enjoy. w* am ««u t*p m p m Orchard toad QUI Tat *****11 Chefs Carve: $26.00;£o »JJJ succulent roast on the *vH WO wagon carved to your and a glass wine. Teochew Premium Porridge Buffet:214 words
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Page 23 Advertisements
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Advertisement241 1992-09-05 23 AND ENTERTAIN In the month of September, a fashion extravaganza awaits you at the Fountain Lounge: September 5 Gavin Boutique September 12 Toselli Boutique September 19 Gavin Boutique September 26 Kookai Enjoy a leisurely Saturday afternoon tucking into delicate French pastries, dianxin and sandwiches... and a freshly-brewed cup of tea.241 words
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Advertisement92 1992-09-05 23 nTCUIONTHEi jIjmBOARDj! I The best deal in town returns to Nishiki again!' J j Eat-As-Much-Sushi-As-You-Can n September., j Available only at the sushi counter of Nishiki Restaurant. J I Priced at $48.00+ |jjgj| per person, you can certainly enjoy a really sumptuous lunch! Available rom ,0 rB September '92 »J92 words
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Page 24 Advertisements
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Advertisement312 1992-09-05 24 PI QtIC Wllllp Both are signs of the times IMII jj y y 111 Regional stock indices that were sky-writing barely a year ago have come down to earth with a thud. Still, Singapore's stockbrokers stuck with expensive offshore offices are betting that the regional stockmarket boom was no mere312 words
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Page 26 Advertisements
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Advertisement144 1992-09-05 26 BUSINESS T 1 M E S Toll free TW No 737 0043 Fax No: 734 3608 BR TIBS TRADING PTE LTD Is member of TRANS-ISLAND Group of HI Companies. To cope with our overall expansion and development plan, we are looking for high calibre individuals who are willing to Wm144 words
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Page 27 Advertisements
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Advertisement254 1992-09-05 27 ■HMraßT&i; -e 1 j l I Hrai < Jk„ MM isi BSEst fl ipT -ik Ji*s* a^BPPS^* a, Bm J^lPl»^ ■i. *m v-*- I I m I |fetek I K®*s Hp Ifs Quick and Easy. Get instant I I Kr cash for your shares over the L m counter at254 words
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Page 28 Advertisements
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Advertisement60 1992-09-05 28 I Such a market -for choice jobs, I e Q "fresh e&y day J o v. j Any Job< Any Career. Available any Day. ANY t,me Anywhere TMe Straits Times The Sunoay Times Business Times l'\ lljljll'' |AjW Tm e New Pacer Lianme Zaobao Lianme Wanbao j y Shin Min60 words
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Page 29 Advertisements
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Advertisement41 1992-09-05 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 knew Europe from atart te Ftnniah.41 words
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Advertisement6 1992-09-05 29 Innovation Technology in BT every Tuesday6 words
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Advertisement60 1992-09-05 29 I >1 11" I" t 3 j pbbbbbbbbbbwi I < ■■■■■■■i pHHHBBHI jp^PlHh i i T w, ''yiM[M|WMt M|M^liMßßßß|^^^^^^Wißßßßßßßlßßßßß^ fkmmWmßUm nP They include prostitutes, bargirls, waitresses and dance hostesses. They tattoo their thighs, shoulders, backs or other parts of their bodies. And they assault, extort and murder. Why do they60 words
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Page 29 Miscellaneous
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Miscellaneous154 1992-09-05 29 break even the scales? some travellers from Kent 23 The spirit of progress? (4) DOWN (8.7) 1 It is most despicable that Flatbunks they're the YESTERDAY'S SOLUTION good man is not included ver y thing (3-3) B6ill»|plilllAl6lI Ivl 1 IwtoM in the means test (7) 13 I'm in an outer154 words
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Miscellaneous158 1992-09-05 29 Singapore Outlook: Hazy. Showers expected over a few areas In the moraiag. Report Maximum temperature 28.9 Assoc humidity..— 77% Minimum temperature. 23.6 Assoc humidity 90% Hours of sunshine 0.00 Rainfall in mm 4.7 Rainfall this month. 4.9 Rainy days this month 2 wAfiAv4 worm report Asia-Pacific Hi/Lo* Cood. Bangkok 34/25158 words
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Miscellaneous33 1992-09-05 29 i:, rre r viffciff rep syi i TV*£. SIGHT OF PvU_THtfr UOR< IS note LOOK fkc TVW ivi-rgpcv.... FLCSH CR* STTRND.... A s .€i —CZ—J TB~ -t-^">-—|gj-C AMOCUTCO NCVWAKM LTD, IM3-IM2 7SS ChcW-33 words
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Page 30 Miscellaneous
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Miscellaneous1566 1992-09-05 30 TODAY'S TV aapppiiPHßpMH 9.55 T)m Bugs Bunny Shew. 10.30 wdsivr ■■■■■■■i WERmMmimmmmmKKM flouwisr 1100 Crosstowo Betrayal. 11.30 TV fnilkifcm Arini, 3.50pm, SBC 5 Travel Travel Veneto, ***** MM Mews (M). How do you take your hus- 1.30pm, SBC 5 f *H -v 12,15 PMlUtek OmmM Aagka- band's mind of! your1,566 words
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Miscellaneous631 1992-09-05 30 His Highness Abdullah, Mm, fort that lapses into a 10.30pm, SBC 12 stereotypical tale of a marA Malayalam film with En- wrecks by hotshot caglish subtitles about a man reers. Sharon Stone has a who is asked to kill Mr Rich bit-part in this 1984 movie. but can't bring himself631 words
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