The Business Times, 5 December 1992
1992-12-05
1
32
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The Business Times
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Title Section16 1992-12-05 1 Business Times THE BUSINESS PAPER FOR S^4S& MITA (P) 35/12/91 Weekend Edition, December 5-6 1992 75*16 words
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NEWS & MARKETS SUMMARY
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55 1992-12-05 1 WASHINGTON President George Bush will sign the North American Free Trade Agreement in Washington on Dec 17, the White House announced on Thursday. Mexican President Carlos Salinas and Canadian Prime Minister Brian Mulroney will sign the document the same day55 words
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46 1992-12-05 1 WASHINGTON The US unemployment rate dropped to 7.2 per cent in November, the fifth consecutive decline and the lowest rate since April, the government said yesterday. This was seen by officials as the most telling evidence of economic recovery.46 words
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Article32 1992-12-05 1 US blue chips posted moderate gains in morning trading yesterday as investors were heartened by the increase in non-farm payrolls in November. The Dow climbed about six points to 3,283.32 words
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Article28 1992-12-05 1 LONDON share prices fell in midday trading yesterday. At 1245 GMT, the FT-SE index of 100 leading shares was down by 7.6 points to 2,763.4 points.28 words
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Article31 1992-12-05 1 THE Indonesian bourse will bounce back to its levels during its heyday in early 1990, •said Marzuki Usman, the former chairman of the Jakarta Stock Exchange Page 231 words
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Article28 1992-12-05 1 POLICE and officials from a Japanese video game maker have raided two retail outlets of Pertama Holdings and seized counterfeit Sega video game cartridges Page 328 words
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Article26 1992-12-05 1 THE London International Financial Futures Exhange has hinted at the possibility of a link-up with the Singapore International Monetary Exchange in future Page 826 words
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Article, Illustration29 1992-12-05 1 Friday Change BT-MGA 682.89 -1.48 Kuala Lumpur ....637.61 +1.21 Tokyo 17,295.69 +35.61 Hongkong 5,268.10 +289.89 Sydney 1,435.2 +1.4 Thursday Change New York 3,276.53 -9.72 London 2,771.0 +6.929 words
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Article23 1992-12-05 1 Exchange rates USS SS 1.6420 100 Yen SS 1.3168 MS SS 0.6468 Money market rates Overnight 3/4 +1/8 3-month 2 1/8% +1/1623 words
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Article36 1992-12-05 1 London Gold AM fix USS335.90 unch Rubber S'poreJan 147.75'/kg +1.75 M'sia Jan 224.50'/kg +1.50 KL Tin T urnover 49tonnes +18 Spc* MS 14.24/kg -0.29 Cmdo palm oil Turnover 634 lots -56 Jan MS929 /tonne -436 words
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510 1992-12-05 1 Loh Hui Yin - Producers hope to buy time to sharpen their competitiveness By Loh Hui Yin SINGAPORE With three weeks to go to the start of the Asean Free Trade Area (Afta), Thailand's petrochemical producers are pressing their government to delay it for seven years to510 words
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Article, Illustration518 1992-12-05 1 Maggie Ford - From Maggie Ford in JAKARTA EFFORTS by Indonesia's Soeryadjaya family to sell shares in their flagship listed company PT Astra International are unlikely to generate enough funds to bail out the troubled Summa Group, according to Finance Minister Dr J518 words
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386 1992-12-05 1 Andrew Cooke - From Andrew Cooke in BANGKOK THE Chuan Leekpai government is trying to forestall American attempts to remove Thailand's trade privileges under the Generalised System of Preference in a row over workers' rights. It has had talks with senior US officials after the386 words
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192 1992-12-05 1 Reuter TOKYO Bowing to pressure from government and Bank of Japan (BOJ) calls for prime rate cuts, Sanwa Bank announced a 0.2 percentage point cut in its short-term prime rate to 4.55 per cent, effective Dec 9, and other banks' officials saidReuter - 192 words
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Article, Illustration295 1992-12-05 1 Catherine Ong - From Catherine Ong in HONGKONG HONGKONG'S battered stock market rebounded sharply yesterday despite the latest British salvo against China's unrelenting attack on Governor Chris Patten's political reforms. Stockbrokers said a technical correction, coupled with news of a resumption of the Sino-British JointSource: Bridge Info - 295 words
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Page 1 Advertisements
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Advertisement101 1992-12-05 1 Nikon TiwWbrtd's finest Photographic ByHm. COVER Would you retire before 55? EL 1 4', Aircraft Schedule EL 11 Commodities 19 Company News 3,4 Crypbc Crossword EL 11 Futures Options 18 Interbank Fore* Rates 18 Bangkok/Jakarta Stocks 14 KLSFI 13 Money Changer Rates EL 11 Money Market 18 Regional News 9101 words
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Advertisement10 1992-12-05 1 OPINIONS Patten, Beijing and a matter of face EL 210 words
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Advertisement10 1992-12-05 1 VIEWPOINT Tan Cheng Bock on health and politics EL 310 words
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Advertisement330 1992-12-05 1 tribal weaves Petrochem firms seen posting poor results, Pg 2 Hock Lock Siew: Testing period for new Van der Horst captains, Pg 3 One of the great designs of this century And probably the next. The Royal Oak band-made and individually numbered with ultra tbin quartz movement, water-resistant to 5330 words
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Advertisement15 1992-12-05 1 Nikon I' Tlm Wbrid't FkiMt WiolßßWpWc Ml" PURSUITS Tread gently on Annapurna's mountains el 715 words
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Advertisement30 1992-12-05 1 FINANCE New directions for CSH EL 8 Card wars el 9 Market watch, Pg 4 China prepared to see HK suffer, Back HK (alls to China's market force, EL 830 words
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PAGE 2 NEWS
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412 1992-12-05 2 Lilian Ang - New M'sian, Indon tariffs eat into profit margins By Lilian Ang SINGAPORE Petrochemical operators at Singapore's Pulau Ayer Merbau complex are expected to turn in dismal results this year, with at least one downstream company likely to sink into the red. Industry sources412 words
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390 1992-12-05 2 William Chia - By William Chia SINGAPORE Marzuki Usman, the former chairman of the Jakarta Stock Exchange, has predicted that the Indonesian bourse will bounce back to levels of its e£riy-1990 heyday. The JSE's composite index has lost more than half its value390 words
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Article, Illustration280 1992-12-05 2 Dexter Lee - By Dexter Lee SINGAPORE Shinawatra Group, a Bangkok-based communications giant, has set up Shinawatra International Co an overseas investment arm charged with acquiring companies and forming joint ventures abroad. Thai newspapers reported that SIC is planning to open a representative office in New280 words
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239 1992-12-05 2 SINGAPORE The Institute of Certified Public Accountants of Singapore (IC-* PAS) aims to implement a peer review programme by June 1994 four years after it announced that it would introduce such a system. ICPAS president Lim Hock San said yesterday the239 words
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315 1992-12-05 2 Dawn Tan - By Dawn Tan SINGAPORE The axe has fallen on four companies associated with Colour Touch (S) Pte Ltd, which was itself wound up by the High Court late last month. Touch Heavy Equipment Pte Ltd, Aladdin Sales Marketing Pte Ltd, Colour Touch315 words
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Article, Illustration476 1992-12-05 2 Chuang Peck Ming - By-election in Marine Parade GRC By Chuang Peck Ming SINGAPORE Lim Chee Onn, after 15 years in Parliament, will not be seeking reelection in the poll in Marine Parade GRC on Dec 19. In a letter to the Prime Minister on Dec 1, Mr476 words
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Article, Illustration299 1992-12-05 2 Schutz Lee - By Schutz Lee SINGAPORE A new consultancy company has been formed and it looks like it will be very much geared towards providing consultancy on China. The new company, East Asian Consultancy, counts as its directors former Deputy Prime Minister Goh Keng Swee,299 words
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334 1992-12-05 2 AFP, Reuter TOKYO Japan's direct, investment in the US and Europe fell sharply in the six months to September white" investment rose in Asia, especially in Indonesia and China, the Finance Ministry:' said yesterday. Overall investment by n Japanese companiesAFP,; Reuter - 334 words
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Article, Illustration309 1992-12-05 2 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Japanese retail giant Yaohan is planning to build an International Merchandising Mart (IMM) in Shanghai. Yaohan's executive vicepresident Mitsumasa Wada said yesterday that CCY, a 50:50 joint venture set up by Yaohan and the state-owned China Venturetec Investment309 words
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Page 2 Advertisements
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Advertisement53 1992-12-05 2 'iKWDSG RreZEALAND jDBgSERT RESTAURANT An opportunity exists for a master franchisee/joint venture partner to launch a unique and successful New Zealand Dessert Restaurant chain in Singapore. All interested parties should communicate with: Milloy Reid Company Limited Merchant and Investment Bankers P. O. Box 3683, Auckland, New Zealand Attention: Mb. Adriana53 words
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COMPANY NEWS 1
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Article, Illustration348 1992-12-05 3 Kooi Cho Teng - Raids at Raffles City, Marina Square uncover 102 video cartridges By Kooi Cho Teng SINGAPORE Police and officials from a Japanese video game maker have raided t\fo retail outlets of listed consumer electronics retailer Pertama Holdings and seized 102 counterfeit Sega video game348 words
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426 1992-12-05 3 SINGAPORE Debt-rid-den Electro Magnetic (S) Pte Ltd is set for long-awaited restructuring plans, but the saga has been given a new twist by a development in the High Court yesterday. The court has given its official seal of approval for the426 words
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720 1992-12-05 3 R Sivanithy - THE HOCK LOCK SIEW COLUMN By R Sivanithy SINGAPORE Investors in marine engineering company Van der Horst Ltd must have heaved a collective sigh of relief this jveek, now that the company has finally found a captain. Or rather, captains. With the720 words
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348 1992-12-05 3 Lee Han Shih - By Lee Han Shih SINGAPORE Listed Wing Tai Holdings, already producing some of its garments in southern China, is looking into setting up garment factories in other lowcost labour countries such as Sri Lanka. The garment and property holding company disclosed348 words
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COMPANY BRIEFS
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45 1992-12-05 3 SINGAPORE Temasek Holdings Pte Ltd, a substantial shareholder of DBS Bank, sold 120,000 DBS shares for $1,617,345 on Tuesday. The sale lowered Temasek's stake in the bank to 109,033,089 shares or 20.88 per cent, down from 20.91 per cent.45 words
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Article84 1992-12-05 3 SINGAPORE In a prospectus circulated to shareholders, Tuan Sing Holdings said expenses of its proposed rights issue t including underwriting commission, would come up to $999,335. This is based on a commission of one and oneeight per cent. Property-based Tuan Sing is proposing a84 words
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Article67 1992-12-05 3 SINGAPORE Hong Leong Credit Bhd acquired 50,000 ordinary shares of Zalik Bhd at M 53.42 per share on Dec 2, 1992, said Aseambankers Malaysia Bhd on behalf of HLC. In another separate statement, yesterday, HLC said the. rationale behind its disposal of Malaysian Resources ration67 words
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71 1992-12-05 3 Kuala Lumpur Malaysia Packaging Industry Bhd yesterday clarified that its sales turnover of Ms4o million for the financial year ending Dec 31, 1992, was computed based on actual sales turnover for 11 months of MS37 million (January to November). In a reply to the Kuala71 words
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277 1992-12-05 3 Bernama KUALA LUMPUR Mouldings processor, MGR Corporation Bhd, which is expected to be listed on the Kuala Lumpur Stock Exchange Second Board next week, will be able to f&ch a premium of about 40 per cent over its issue price ofBernama - 277 words
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COMPANY BRIEFS
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110 1992-12-05 4 TOKYO Seibu Department Stores Ltd will close about a third of its 39 subsidiaries by March as part of a corporate restructuring, a Seibu spokesman said. The unlisted flagship of the Saison Group also plans to transfer about half of its110 words
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Article, Illustration53 1992-12-05 4 LOS ANGELES Richard Branson, left, chairman of The -Virgin Retail Group, shares a joke with actress Tracey Ullman at a preview party of the first Virgin Megastore in the US on Thursday. The store, which stocks music and video titles, joins similar outlets in Europe,53 words
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Article95 1992-12-05 4 LOUISVILLE, Kentucky PepsiCo Inc unit KFC Corp has boosted its China expansion programme with the planned opening later this month of a new Kentucky Fried Chicken restaurant in Nanjing, and the signing of contracts for four more joint ventures. The company said the Nanjing restaurant is95 words
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Article85 1992-12-05 4 -BRUSSELS Belgian paper maker Intermills, a unit of Grupo Torras SA, the Kuwait Investment Office's Spanish holding company, has been declared bankrupt by the commercial court of the town of Verviers, company officials said !on Thursday. Grupo Torras has a 75 per cent stake in •Intermills,85 words
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340 1992-12-05 4 Nomura's nine overseas subsidiaries incur pre-tax loss of 5.7b yen NYT TOKYO Reflecting the poor performance of the Japanese stock market, overseas subsidiaries of Japan's Big Four securities houses were hit by major declines in pretax profits for the six-month period endingNYT - 340 words
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255 1992-12-05 4 FT NEW YORK General Motors, the US car maker in the throes of a sweeping restructuring, on Wednesday unveiled plans to close nine more North American plants, employing more than 18,000 workers, and dispose of some 14 per cent of itsFT - 255 words
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Article154 1992-12-05 4 Asahi News Service TOKYO Mazda Motor Corp and Ford of Europe Inc have abandoned plans to jointly produce cars in Europe, the Japanese company said this week. Mazda said it will seek another partner to produce cars with in Europe. Local production is indispensable forAsahi News Service - 154 words
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179 1992-12-05 4 Reuter JAKARTA Indonesia's third-largest cigarette producer, PT Hanjaya Mandala Sampoerna, has predicted a good year in 1993, with projected profits rising by 4 billion rupiah (SS3.I million) to 63 billion rupiah over 1992's estimate. Company spokesman John Meeks said its 1992 results didReuter - 179 words
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412 1992-12-05 4 MARKET WATCH 4,800 on Hang Seng Index seen as crucial support IHT LONDON Following the steep sell-off on the Hongkong stock market on Thursday, investors in Europe and North America held on to their nerve and their shares, but analysts warned that furtherIHT - 412 words
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Page 3 Advertisements
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Advertisement54 1992-12-05 3 HK shares rebound 15: Rumours hit Thai shares 14 l The Tiffany Atlas Watch Collection The Tiffany Atlas Watch in eighteen karat gold with quartz movement Also available in sterling silver. Tiffany Co. SINGAPORE: RAFFLES HOTEL. TEL: 3340 1 68 NEW YORK TORONTO LONDON MUNICH FRANKFURT BERLIN ZURICH MILAN FLORENCE54 words
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SHIPS IN PORT
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Article445 1992-12-05 4 Vessel My No Baft Arm* Deprive Vessel Voy No Berth Arrival Depart*e 4 Marina Wharves Johan 3 312/92 P03 04.12/2100 05.12/1200 Batam Baru B199 M05 05.12/2300 Kabaniahe A42/92 P03 0412/1900 05.12/0200 fatam Matu *****2 M03 alongside 05.12/2300 Noc Tai Shan 8142 P01 04.12/1630 0512/0700 6alam Mum *****2445 words
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Article1500 1992-12-05 4 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SMp Voy Hp Cwtajww ivalaMe Ship N» Contaiwn tiMbk B Serofa 905 03.12.92 0850 Wang Reeler 206N COO(EST) 04.12.92 2100 Kurama 19/148 03.1Z92 0915 Benavon 2461 COO(EST) 04.12.92 1500 Equator Crys 119N 03.12.92 0945 D Kahmantan 42S COO(EST) 04.12.92 1500 Str1,500 words
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Advertisement276 1992-12-05 5 WMVHW &/VVVIUVVI 1776 I 81 ippliß^sf^BSlS jSgMSPre* vteg<ssy*ifeap^^aUT7 i IMW ,dreK^S^W^CTlM^Wg^aJM I J iSflfe A growing track record in building specialised vessels Singmarine Industries Limited of Khun Kasame Chatikavanij, With these facilities and its growing track (Singmarine) today delivers a 1,300 cubic Chairman and Managing Director of record in building276 words
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Page 6 Advertisements
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Advertisement247 1992-12-05 6 |SJ2 The early completion and successful delivery of a 1300 cbm LPG carrier BAYLIC TRADING PTE LTD (Group of Companies) We are proud to be the main supplier of Thai Oil Company Limited and are honoured to contribute towards the completion of THAIOIL 4 Ship chandling: Deck, engine provisions, cabin247 words
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Page 7 Advertisements
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Advertisement542 1992-12-05 7 The early completion and successful delivery of a 1300 cbm LPG carrier f Fast Reliable Technical Services Worldwide Sea SCdfl International Pte Ltd 337 Telok Blangah Road #01 -01 Shing Loong Building Singapore 0409 Tel: 65-273 9311 Fax:6s-274 0233 Tlx: RS ***** SESCAN RS ***** KOGS ML r-\ I Dealers542 words
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FINANCIAL NEWS
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SMALL CHANGE
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96 1992-12-05 8 TAIPEI Taiwan's foreign currency reserves, among the world's largest, plunged US$5.6 billion (559.12 billion) during the past two months to US$B3.9 billion at the end of November, the central bank said. The reserves totalled a record US$B9.5 billion at the end of September and96 words
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Article48 1992-12-05 8 TOKYO Japanese bought a net US$5.6B billion (559.2 billion) in foreign bonds in October, after selling a net US$34O million a month earlier, the Finance Ministry said. Bonds include beneficiary certificates but exclude all bills. All figures are rounded and based on bond settlements.48 words
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103 1992-12-05 8 SYDNEY Three of the Big Four Australian banks said their lending rates are under constant review but they had no immediate plans to raise them following National Australia Bank Ltd's decision to raise its prime rate. National Australia Bank is raising its benchmark lending indicator103 words
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Article76 1992-12-05 8 WASHINGTON Citibank (Maryland), NA, a unit of Citicorp, has filed with the Securities and Exchange Commission for up to US$l.l billion (551.79 billion) of credit card participation certificates. To be known as Choice Credit Card Master Trust I, US$l billion of the offering are floating rate76 words
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Article68 1992-12-05 8 VIENNA The Austrian Finance Ministry has forbidden the continuation of business at Bankhaus Roessler AG until Jan 20, a ministry spokesman said. He confirmed that business was being halted after the bank's branches in Vienna closed yesterday and Roessler shares were suspended from the Vienna bourse.68 words
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226 1992-12-05 8 Reuter BOCA RATON, Florida Former Salomon Bros chairman John Gutfreund on Thursday agreed to pay a US$lOO,OOO (S$ 163,000) fine and be banned for life from heading a brokerage for his role in last year's Treasury trading scandal. Mr Gutfreund, forced to resign inReuter - 226 words
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Article, Illustration532 1992-12-05 8 Soh Tiang Keng - Any formal link possible only after 1994 By Soh Tiang Keng SINGAPORE The London International Financial Futures Exchange has hinted at the possibility of a lirik-up with the Singapore International Monetary Exchange in the future. Liffe chairman Nicholas Durlacher, who visited Singapore earlier532 words
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483 1992-12-05 8 Reuter BOCA RATON, Florida The American Stock Exchange, building on its goal of expanding its product base, expects to launch options trading on a new retail index early next year. Amex chairman James Jones said the index of some 15 retailers including wellknownReuter - 483 words
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497 1992-12-05 8 Reuter WELLINGTON New Zealand's central Reserve Bank, acclaimed for its success in fighting inflation, has been boxed into a comer by the slump to a five-year low of the New Zealand dollar, industry analysts and economists said yesterday. Commentators like TheReuter - 497 words
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273 1992-12-05 8 Reuter TAIPEI Taiwan, under pressure from the United States to liberalise its foreign exchange policy, has said it will relax restrictions on capital flows. "Because (Taiwan) has decided to develop Taipei into a regional financial centre, we will review the residual capital controlReuter - 273 words
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Article, Illustration519 1992-12-05 8 DBS Bank weekly currency review US$/DM: Mild upside seen The US dollar traded listlessly on Monday before a breach of support at 1.5800 deutschemarks the next day saw losses to 1.5675, near support at 1.5670. The failure to break this support emboldened traders to519 words
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Advertisement68 1992-12-05 8 mx gprbh SAKOUSTK BAND PERFORMING LIVE AT I Dfll t*(TUISMUO**(WnNCSMy)DCaMBn WMW tZOWKMSCO rwa i m«.oq (Mausnn or 1 iuffus lwht) FOR EVERY TICKET SOLD, $4.00 WILL BE DONATED TO THE SOCIETY FOR THE PREVENTION OF OWELTY TO ANIMALS (SPCA) FOR MORE INFORMATION, CALL MS ADEUNE HENG AT 738-2988 NOW AVAILABLE68 words
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THE REGION/THE WORLD
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419 1992-12-05 9 Police search group's planning office, subsidiaries AFP SEOUL The South Korean government yesterday launched a sweeping probe of the Hyundai Business Group on charges of illegally campaigning for its founder Chung Ju Yung in the upcoming presidential election, officials said. About 50 plainclothes policemenAFP - 419 words
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390 1992-12-05 9 FT BONN The output of west German manufacturing industry is expected to decline by 1.5 per cent this year, and by up to 3 per cent next, according to the latest industrial forecast by the IFO Economic Research Institute. The gloomiest outlook of allFT - 390 words
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240 1992-12-05 9 AP PHNOM PENH Khmer Rouge guerillas yesterday released six United Nations peacekeepers who had been seized three days earlier while monitoring troop movements in rural Cambodia, a UN official said. "Everybody is fine, they're free," said UN spokesman Eric Fait. The peacekeepers threeAP - 240 words
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486 1992-12-05 9 Reuter, AFP TOKYO Japan's financial authorities, finding a silver lining in a cloud of surprisingly weak gross national product data, said yesterday that a near two-year downturn had bottomed out and the economic forecast was brighter. The government announced on Thursday that GNP inReuter,; AFP - 486 words
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Article, Illustration38 1992-12-05 9 LA CORUNA, Spain Dense smoke covering the sky after a Greek tanker carrying 80,000 tonnes of crude oil ran aground, broke up and caught fire near the harbour of this town on Thursday.38 words
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344 1992-12-05 9 AP, AFP SUVA Fiji's Prime Minister Sitiveni Rabuka shocked Parliament yesterday when he offered to step down from the leadership and invited the Indian-dominated opposition to join a government of national unity. Speaking in Parliament, Mr Rabuka made an emotional appeal to theAP,; AFP - 344 words
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336 1992-12-05 9 Reuter LOS ANGELES US intelligence officials have gathered evidence that China recently exported to Pakistan dangerous new missiles that it promised the George Bush administration it would not sell, the Los Angeles Times said yesterday. The newspaper cited intelligence sources as saying thatReuter - 336 words
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WORLD WATCH
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77 1992-12-05 9 BANGKOK The Thai authorities were ready yesterday to evacuate as many as 6,000 villagers living near a disputed hill on the border with Myanmar, amid increasing tension following the recent arrival of more troops. But hope for a peaceful settlement remained, as the Myanmar government77 words
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Article52 1992-12-05 9 BANGKOK Opinion poll giant Gallup Organisation Inc is setting up a joint venture in Thailand to carry out consumer market surveys here. Gallup and Thai market research company CSN and Associates launched the joint venture Gallup (Thailand) recently, said Sukit Tansakul, the chief executive officer of the52 words
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Article54 1992-12-05 9 TOKYO Japan will question Pakistani Prime Minister Mohammad Nawaz Sharif about whether Islamabad has nuclear weapons when he visits Tokyo later this month. A Foreign Ministry spokesman said yesterday: "Japan has a very keen interest on the issue of nuclear weapon development. It will be54 words
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Article, Illustration38 1992-12-05 9 MOSCOW A communist supporter holding a Stalin portrait shouting at deputies of the Russian Congress as they walked to the Kremlin yesterday. The congress met for the fourth day after being disrupted when deputies began fist-fighting.38 words
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Article98 1992-12-05 9 SAN FRANCISCO Pregnant women working in the fabrication areas of computer chip factories face a far higher risk of miscarriage than others. A University of California study of 15,000 women found that 14 per cent of pregnancies ended in miscarriage for women who worked in the fabrication98 words
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Article61 1992-12-05 9 DHAKA Japan is eager to relocate some industries to Bangladesh, but infrastructural back-up should be strengthened. Kohei Kajikawa, leader of a visiting investment mission of the Nishio Chamber of Commerce and Industry, said yesterday: "The Japanese textile industry, which is not being managed properly due to shortage61 words
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53 1992-12-05 9 HONGKONG China's booming special economic zone of Shenzhen has officially set up its own regional airline company. The new airline's spokesman said yesterday it would begin operating flights to neighbouring cities in southern Guangdong province from April and gradually increase its operations to other53 words
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Article40 1992-12-05 9 SEOUL South Korea's M-2 money supply rose 19.2 per cent on the year in November, the highest increase in 1992, to 92 trillion won (about Ssl92 billion), provisional figures released by the Bank of Korea showed.40 words
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413 1992-12-05 9 AP LUDHIANA, India Coeds wear jeans and skirts again, pluck their eyebrows and use lipstick. High school students sing the national anthem in assemblies and liquor shops are open. Such things are the essence of normality in mostAP - 413 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3810 1992-12-05 10 Shoeb Kagda - By Shoeb Kagda HONGKONG continued to influence the local market yesterday. But although Hongkong's Hang Seng Index rebounded 290 points after plunging 433 points the day before, that did little to inspire investors here. After holding firm for most of the day, the Singapore3,810 words
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Article, Illustration89 1992-12-05 10 Anthony Pang - By Anthony Pang PUBLIC Bank Foreign's steep rally in September and October has led to a dive just as sharp. Relentless selling has led to short-term indicators pointing to very oversold conditions. The $1.40 support looks set to be tested, but a Call below that will see strong buying.SOURCE: BRIDGE INFO - 89 words
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Page 10 Advertisements
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Advertisement206 1992-12-05 10 Cartier's Love Bands Timed precisely for the festive season, renowned luxury jeweller Cartier introduces a selection of classic pT «V rings for Christmas 1992. Sophisticated and elegant, the unique designs focus on femininity and rekindle i > J|f| a woman's love for the luxurious, rich texture of gold. i The206 words
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Article3088 1992-12-05 11 SIA Foreign 1640 +40 +2.5% CMB Asia 565 +25 +4.6% Roth Inds 50c 540 +25 +4.9% GE Life 1110 +20 +1.8% GPB SSI.60 460 8 +1.8% Keppel Corpn 625 +10 +1.6% OCBC 860 +10 +1.2% Tonhow Ind 50c 49 +9 +22.5% Hai Sun Hup 20c3,088 words
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Advertisement190 1992-12-05 11 lrabl -f WBr YOUR VERY OWN HASSLE-FREE ■yy BKTROWC^S-(UPP»roSaVICE! If news and other pertinent information on companies listed on the Stock Exchange And for tubscription fee of onlg $250 per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe190 words
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Article3440 1992-12-05 12 lnsas Bhd 50c 82 +60 +272.7% H Leong Ind 50c 620 30 5.1% Dunlop Est 550 +25 +4.8% Magnum Corp 50c 655 +20 +3.1% Boustead 50c 183 +16 +9.6% M Banking 660 +10 +1.5% Tan Chong 50c 165 +8 +5.1% MMC 10c 151 +7 +4.9%3,440 words
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Page 12 Advertisements
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Advertisement30 1992-12-05 12 MmNESSTum Toll-free Tel No: 737-0043 Fax No: 734 3698 i IT'S REIGNING CATS AND DOGS (and 1001 other things) in The Straits Times Classified fa L O* W C.A.T.S. 737-116630 words
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Advertisement154 1992-12-05 12 111 l 111 I (SKttt^fDßßl) Ttfr UMB INVESTMENT MANAGEMENT LIMITED 111 l (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RELOCATION OF THE MANAGER'S AND REGISTRAR'S OFFICE UMB Investment Management Limited wish to inform all Unitholders of UNIFUND, UNIBOND, UNITED GROWTH FUND and UNITED ASIA FUND that with effect from154 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5472 1992-12-05 13 Bernama SHARE PRICES recovered some lost ground from an early fall to close marginally higher yesterday, aided by retail buying of index-linked stocks. The KLSE Composite Index at the close added 1.21 points to 637.61, the Industrial Index was 5.45 points higherBernama - 5,472 words
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CHINA STOCK EXCHANGES
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Article, Illustration418 1992-12-05 14 CLSA THE Shanghai A share market stabilised before the weekend yesterday following Thursday's 13 per cent surge. Activity in the market was capped by widespread talk that 20 or so companies, which had issued shares earlier in the year, would be listed on theCLSA - 418 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration1105 1992-12-05 14 STOCKS closed mixed yesterday, with Astra International slipping on speculation over the troubled company's future owners, brokers said. The official index closed at 280.45, down 0.76 from Thursday. Astra lost 75 rupiah to 8,500 on turnover of 57,500 shares after newspapers reported that1,105 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2109 1992-12-05 14 Reuter INVESTORS sold shares of two major property firms on panic yesterday afternoon, after rumours spread that the firm's owners were facing bankruptcy charges in Hongkong. But their prices later recovered from some of the losses, after the Stock Exchange of Thailand deniedReuter; Source: Bridge Info - 2,109 words
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Advertisement55 1992-12-05 14 wiHTff HI iMfcuiuiitM. ||I 111 Wtk mI I |BB IBH I 1 B 1111 111 Bill Find out in I I I 1 I HI I II If I I■ I I H VIII Personal Investment and Finance. I II I I HI ft Ift I 111 I 1 Every55 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2594 1992-12-05 15 Reuter STOCKS closed mixed in listless trade yesterday. Brokers said profit-taking ahead of the weekend was offset by support from public pension funds. News in the late afternoon that a leading city bank would cut its short-term prime rate gave the market a modestReuter - 2,594 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2388 1992-12-05 15 AP THE stock market jumped 5.8 per cent yesterday in frenzied trading, recouping some of the week's losses due to increasing antagonism between China and Britain over the colony's future. Bargain hunters pushed the Hang Seng Index of blue-chip stocks up 289.89 points toAP - 2,388 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2007 1992-12-05 16 Reuter THE share market traded over a tight range yesterday, creating barely a ripple in the leading index, which closed a touch higher. Brokers said investors took to the sidelines in droves, awaiting some direction from offshore markets, particularly Hongkong, after its recent four-dayReuter - 2,007 words
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REGIONAL STOCK MARKETS
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Seoul stocks end lower for fourth day
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Article860 1992-12-05 16 DESPITE some institutional support, uncertainty over the result of this month's presidential election pressured the lethargic stock market, sending the index to a-lower close for the fourth consecutive day, brokers said. They expected a mild technical rebound today but said the market would continue consolidating next week. "Selling pressure860 words
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Article360 1992-12-05 16 SHARE PRICES were mixed yesterday, with the NZSE-40 Capital Index closing lower for the fourth straight day. But brokers were not pessimistic about the falls, which have been moderate, and they see the period as a healthy consolidation after a strong run-up last week. "We're holding well above360 words
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Article142 1992-12-05 16 THE Bombay stock exchange index could rise by almost 100 points on Monday on continuing optimism that the rupee may be devalued against the dollar, traders said yesterday. The Bombay Exchange Index jumped 75.46 points yesterday to 2,695.36 and the National Index rose 32.52 points at 1,224.90. Delhi was142 words
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Article455 1992-12-05 16 LATE bargain-hunting by institutions and a rebound in the Hongkong market yesterday pulled Taiwan share prices up to close higher across the board after early losses, brokers said. The Weighted Index ended 37.31 points or one per cent higher at 3,651.39. Financials led the gains, with First Commercial Bank455 words
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Article445 1992-12-05 16 Manila Dec 3 Peso +/-Vol (WO) A.Soriano Corp 1.660 ABS-CBN 33.500 unch 398 Abra Mining Corp 010 Alcorn Pet 034 .001 *****0 Alcorn Pet.-B 037 .002 *****00 Anglo Phil-Oil A 010 Apex Mining A 008 Apex Mining B 009 Atlas Cons A 11.500 unch .5 Atlas Cons B 15.000 Atlas445 words
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WORLD STOCK MARKETS
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Dow dips as profit-taking continues
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Article, Illustration1362 1992-12-05 17 STOCKS closed narrowly mixed in heavy trading on Thursday as profittaking persisted despite further evidence of an improving economy. But the over-the-counter market resumed its record pace after a one-day pause. The Dow Jones Industrial Average, which slipped 8.11 points on Wednesday, fell another 9.72 points to 3,276.53.1,362 words
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Article173 1992-12-05 17 GERMAN SHARES ended slightly weaker on Thursday after an early short-covering rally soon faded on a lack of follow-through buying. Dealers said turnover was thin and sentiment cautious. Technical factors rather than any fundamental news mostly directed movements. The latest weak German production, jobs and GDP data were more173 words
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Article288 1992-12-05 17 SWISS SHARES closed marginally firmer on Thursday. The SPI added 2.5 to a final 1,152.9 and the SMI rose 4.7 to 1,928.6. Dealers said trading volume was slightly higher than in previous days as some investors started to pay attention to second-tier shares, which could gain if tomorrow's referendum288 words
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Article227 1992-12-05 17 SWEDISH SHARES closed weaker on Thursday, ignoring lower credit market yields after the Central Bank lowered its key marginal lending rate by one percentage point to 11.5 per cent in the morning. Instead, the market fell on profit-tak- ing after recent strong gains and on concern over the government's227 words
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Article292 1992-12-05 17 BELGIUM'S Bel-20 Index of leading shares closed up almost one per cent on Thursday, fuelled by a technical rebound in retailer Delhaize on the first day of the new trading account. Interest-rate sensitive electric utility Electrabel and utility holding Powerfin, viewed as defensive quality stocks, were also in demand.292 words
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Article429 1992-12-05 17 STOCKS finished virtually flat )on Thursday with the merchandising sector gaining strength from a rise in heavyweight Hudson's Bay Co. "The market's not doing much. One positive thing is that Hudson's Bay came out with pretty good earnings, which is encouraging," one trader said. The merchandising index gained 32.55,429 words
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Article, Illustration966 1992-12-05 17 A LARGE programme trade weighted to the buy side coupled with a lack of sellers in London helped UK shares close modestly higher on Thursday, dealers said. The FTSE 100 index closed 6.9 points up at 2,771.0 after hitting a day's high of 2,777.7 in early afternoon, with a966 words
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Article669 1992-12-05 17 Other markets in Europe, South Africa and Canada Paris Dec 3 FFr COftBEILLE Air-Liquide 762.00 3.00 Alcatcl Ansthom 655.00 6.00 Elf-Aquit 348.10 4.10 Michelin 181.60 .80 OFP 113.00 Peugeot SA 542.00 -10.00 Philips (NV Gem) 63.30 -.20 Royal Dutch 445.00 -.50 CROUP A Nestle 3980.00+ 12.00 GROUPB La large 325.80669 words
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Page 17 Advertisements
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Advertisement7 1992-12-05 17 Advertising Marketing in Business Times every Thursday7 words
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CURRENCY, MONEY & FUTURES MARKET
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1176 1992-12-05 18 REPORTS THE US dollar lay trapped around the 1.58 mark level at a quiet European midsession yesterday as dealers hoped the US employment report would prise the unit from its recent range. "These figures could be the file in the1,176 words
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Article398 1992-12-05 18 Cross rates USS S$ MS Dm Yen Spr A$ NZS USS 1 6400 2.5370 1.5820 124.60 0.6394 1.4130 1.4388 1.9305 SS 0.6098 1.5470 0.9646 75.9756 0.3899 0.8616 0.8773 1.1771 MS 0.3942 0.65 0.6236 49.1131 0.2520 0.5570 0.5671 0.7609 pm 0.6321 1.0367 1.6037 78.76 0.4042 0.8932 0.9095 1.2203398 words
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Article594 1992-12-05 18 Interbank rates ss Bid Offer Overnight 3/4 7/8 1-month I 3/4 1 7/8 2-month 2 2 1/8 3-month 2 1/8 2 1/4 .'OiHHH||it mode. 1/2 US$ Bid Offer 7 days 3 1/16 3 3/16 I month 4 1/8 4 1/4 |2 months 3 13/16 3 15/16 13 months594 words
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304 1992-12-05 18 NYT NEW YORK Major institutional fund managers seem to favour European bond markets and the American dollar right now, according to a new quarterly survey by Merrill Lynch. The American bond market, with its uncertain outlook ahead, gets just a neutral nod. The MerrillNYT - 304 words
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Article1539 1992-12-05 18 SIMEX EUKOOOUJUt Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96 18 96J9 %T7 96M7 6<XX) 5385 ***** Mar 93 96.16 96.18 96.16 96.17 ***** 8928 ***** Jun 93 95.64 95.65 95.63 95.65 5000 3963 ***** Sep 93 95.11 95.14 95.11 95.14 3200 1462 5888 Dec1,539 words
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COMMODITIES
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349 1992-12-05 19 Reuter TOKYO Annual Asian demand of more than one million tonnes or US$2OO million (***** million) worth of Chinese soymeal may have to shift next year to other sources such as India, Brazil, Argentina and the United States, Japanese importers said. Japan isReuter - 349 words
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298 1992-12-05 19 Reuter RIO DE JANEIRO Some of Brazil's cocoa industries may be forced to shut down temporarily during the early part of next year if they are not allowed to import cocoa, traders said. The small size of the 1992/3 Bahia crop, expected toReuter - 298 words
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767 1992-12-05 19 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market eased 29 sen to close at M$ 14.24 per kg on profit taking yesterday. Dealers said the market was generally weak in line with the US$2O drop on the London767 words
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Article1506 1992-12-05 19 Rubber RAS Co—Pdtty Exchange (futures dosing as at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 93 147.25 146.50 147.75 2.250 5.025 Feb 147.75 147.50 147.75 50 4.300 Mar 147.75 146.75 147.75 1,075 5.025 Apr/Jun 148.25 147.75 148.50 1.500 21,375 Jul/Sep1,506 words
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Page 19 Advertisements
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Advertisement123 1992-12-05 19 WHITS IN lIIH V W 4 I H ff ll■ H M fl ft I■V B IH a Find out in Personal Investment and Finance. Every Saturday in Business Times Tor SUCCESSFUL MANAGEMENT OF YOUR BUSINESS i ;i« «#<*•« #«> ffSfe I Stories on labour and its relationship with management,123 words
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302 1992-12-05 20 Thousands of troops to ensure Somalian aid gets past bandits Reuter, AP UNITED NATIONS The Security Council on Thursday unanimously authorised the world's biggest armed humanitarian rescue, sending a force led by 28,000 Americans to silence the guns of Somali bandits and help feedReuter,; AP - 302 words
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229 1992-12-05 20 AFP LONDON British Prime Minister John Major has unveiled proposals to his EC partners designed to resolve the crisis caused by Denmark's rejection of the Maastricht Treaty on closer European union. A spokesman for the Prime Minister's Office said on Thursday the proposals soughtAFP - 229 words
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232 1992-12-05 20 Reuter BEIJING China is ready to see Hongkong suffer rather than back down in its fight with London over whether there should be more democracy in the colony before Beijing takes over in 1997, Chinese and Western analysts said yesterday. "Of course weReuter - 232 words
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259 1992-12-05 20 Reuter BRUSSELS The European Community (EC) and the US have signed two documents setting down in writing for the first time their crucial agreement on oilseeds and farm trade, opening the way for a final agreement in Geneva on talksReuter - 259 words
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417 1992-12-05 20 Reuter HANOI China and Vietnam issued a joint communique yesterday saying they had agreed to speed up negotiations on their territorial disputes and use their newly normalised relations to build stability in the region. In a joint communique issued as Chinese Premier LiReuter - 417 words
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238 1992-12-05 20 Agencies MOSCOW In a rebuff to President Boris Yeltsin, the Russian Parliament yesterday refused to approve a prime minister until it adopted constitutional amendments defining its powers with the executive branch. The amendments would give Parliament control over all government appointments. AAgencies - 238 words
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Page 20 Advertisements
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Advertisement177 1992-12-05 20 Every Saturday in Business Times ■■■■■■nHSHi Magnificently opulent Baroque Each Silik piece is a magnificent work of art. furniture from Silik. And luxurious 24 /2|H|UkV Reflecting the traditional heritage of classical A^A .u r 1 cam/ pune gold-plated chandeliers, < Italian furniture-making. When only the finest I >^./ B fine177 words
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Advertisement9 1992-12-05 20 I PERSONAL FINANCE investment Every Saturday in Business Times9 words
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Executive Lifestyle
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Article, Illustration1544 1992-12-05 21 Nirmal Ghosh - Retiring while you're still young: it's what some people long to do, while others find it an uncomfortable idea. But is it a realistic option? Some executives snare their views with Nirmal Ghosh Nirmal Ghosh IN THE early '70s, a 24-year-old named Sandra Kurtzig1,544 words
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STRAWS IN THE WIND
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Article40 1992-12-05 21 THE Social Development Unit may have been formed to break the ice between men and women, but they sure could use some of those tactics in their correspondence. One member received this wonderfully bureaucratic letter from them:40 words
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Article74 1992-12-05 21 Please be informed that our computerised matching system has not been able to provide you with any matches since Feb 92. Your name will continue to be included for future computer runs, unless you wish to withdraw or put your name "on break". We will keep you74 words
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Article64 1992-12-05 21 THE roadworks outside Times House at Kim Seng Rd have been giving many motorists headaches. What's worse, up came a sign that read: "Electricity Works Expected Completion Date: 31.11.1993." Not only were people concerned about the length of the job, there are only 30 days in64 words
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Article48 1992-12-05 21 IN KOREA, you can do more things than hire a car. An ad in the Korea Times Daily squealed Man!". It was actually an ad for a chauffeur service, but it makes you wonder at the methods people are willing to use to get attention.48 words
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OPINIONS
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Article687 1992-12-05 22 Shoeb Kagda - Shoeb Kagda feels Myanmar's military junta should begin meaningful dialogue with the opposition Shoeb Kagda The writer is a BT journalist IN STARK contrast to their gentle and generous way of life, the people of Myanmar dominated the international headlines in 1988 with stories687 words
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Article, Illustration978 1992-12-05 22 Neville Stack - Neville Stack is of the opinion that while Governor Chris Patten's cause is noble, his plans to democratise Hongkong have been poorly carried out Neville Stack The writer is a UK-based journalist who contributed this comment to BT THE kind of politics that Chris Patten relished978 words
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679 1992-12-05 22 Catherine Ong - The political row between Hongkong and China is not about the proposed reforms, but over the colony's 'high degree of autonomy', says Catherine Ong Catherine Ong The writer is BT's Hongkong correspondent THE television images told it all. The first scene showed very679 words
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Article, Illustration601 1992-12-05 22 Rahita Elias - Rahita Elias has some advice for Singapore shipyards on the subject of safety measures Rahita Elias The writer is a BT journalist SIX lives were wasted when a fire broke out this week on the Indiana, an oil tanker under repair at Sembawang Shipyard. Compounding the601 words
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VIEWPOINT
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1241 1992-12-05 23 Margaret Thomas - Tan Cheng Bock, doctor and PAP MP for 12 years, talks to Margaret Thomas about politics, health care and business in Singapore today f CONVERSATIONS RAFFLES Margaret Thomas DAMN too much. That's what Tan Cheng Bock used to say about the People's Action Party1,241 words
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Article, Illustration1477 1992-12-05 23 Delivering babies by lamplight. Helping villagers write letters of appeal to the Land Office. Driving into a drain in a storm and having a whole village turn out to get his car back on the road. This was the life Tan Cheng Bock led for 15 yearsPhoto by Chris Loh - 1,477 words
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Article616 1992-12-05 23 HE STILL finds balance sheets a bit of a problem to read, but after two years as chairman of Chuan Hup Holdings, Tan Cheng Bock better understands the concerns of the business sector. "At first I was groping in the dark, couldn't even read a balance sheet.616 words
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EPICURE
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Article, Illustration541 1992-12-05 24 Jaime Ee - Jaime Ee finds out what chef Vesa Leppala is cooking up at the Tatler Jaime Ee SAY the word, "Kylmasavutaimentartar". Don't be afraid. Just try it. It's easy. Pretend your tongue has been caught in a food processor. il- Never mind. Suffice to say the phrase "Kylmasavutaimeritartar,541 words
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LIFESTYLE
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Article, Illustration783 1992-12-05 25 NK Yong; S Tsering Bhalla - Chateau Latour, France's premier producer of red wine, recently held a wine tasting session in Singapore. S Tsering Bhalla meets the Scotsman who runs the vineyard, while NK Yong samples three superb vintages NK Yong The writer is a journalist with The Sunday Times. S783 words
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497 1992-12-05 25 CHATEAU Latour's wine-tasting session and dinner at the Raffles Hotel last week was indeed a memorable occasion. Two features set it apart from the usual wine tastings. It was conducted by Latour's president David Orr, together with John Kolasa, its commercial director. The Grand Vin497 words
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PEOPLE
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Article, Illustration223 1992-12-05 25 ABOUT 400 members of the legal fraternity turned up for the launch of five new services on Law Net the profession's electronic legal database. The event, on Nov 14, attracted a good mix from the legal profession, from eager young lawyers to allPhotos by Arthur Lee and Chris Loh - 223 words
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Article, Illustration139 1992-12-05 25 KOREA First Bank celebrated the official opening of its Singapore branch with a cocktail party at the Island Ballroom of the Shangri-La Hotel. About 360 guests, mostly from the banking industry, attended the Nov 17 event, where they were welcomed by Korea First Bank's chairman139 words
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PURSUITS 1
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Article, Illustration809 1992-12-05 26 Susan Tsang - What better time than Christmas to remember people (and animals) in need of a little goodwill? Susan Tsang susses out the outlets for ideologically correct greeting cards Susan Tsang HAD been so busy J at work that he was quite shocked to look at the809 words
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Article, Illustration774 1992-12-05 26 Jaime Ee - Jaime Ee follows the fortunes of five trees from Norway that got themselves all spruced up for charity Jaime Ee THE RAFFLES Hotel's Jubilee Hall had been called the Jubilee Lounge for the night. Why, one didn't know. Anyway, there were five live Norwegian Spruces standing in774 words
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Article, Illustration441 1992-12-05 26 Susan Tsang - Susan Tsang goes symbol-hunting on the woven fielas of antique T'ai textiles Susan Tsang LAO NEUA means northern Lao, but the people from this area, being from the Tai ethnic group, are also called Tai Neua. Until recently, they lived quietly on the lowlands of the Mekong441 words
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Article, Illustration999 1992-12-05 27 Shoeb Kagda - No, it's not just whales and wildlife that are in need of protection. Shoeb Kagda looks at what trekkers are doing to the Annapurna region Shoeb Kagda ITS 4am. The temperature outside is a freezing 10 degrees Centigrade and the wind is howling. It takes999 words
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SPORTS
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SIDE LINES
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81 1992-12-05 30 NEW ORLEANS Morten Andersen's five field goals helped New Orleans become the second NFL team to clinch a play-off spot. Andersen, however, didn't get too much time to celebrate during the Saints' 22-14 victory over Atlanta on Thursday night. Each time he made a field81 words
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Article54 1992-12-05 30 MANCHESTER, England Swimming's governing body on Thursday increased a doping ban on German former world champion Astrid Strauss to 18 months. The International Swimming Federation (Fina) took the decision after the German national federation last month imposed a ban of only six months a year less54 words
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Article92 1992-12-05 30 TARPON SPRINGS, Florida Hollis Stacy and Jay Haas joined forces for a 9-under-par 62 to take a one-stroke lead over Laurie Rinker-Graham and Larry Rinker after Thursday's opening round of the J C Penney Mixed Team Classic. The 72-hole tournament, played on the Innisbrook Resort's Copperhead92 words
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Article83 1992-12-05 30 MUNICH Andre Agassi will play Michael Chang and top-seeded Stefan Edberg will face Michael Stich in the opening round of next week's Grand Slam Cup following Thursday's draw for the season-ending tournament. Organisers also announced that Ivan Lendl had pulled out because of an injury. He will83 words
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Article88 1992-12-05 30 DUBAI Suspended German runner Katrin Krabbe, the women's world champion at 100 m and 200 m, made her car-racing debut on Thursday in the Dubai International Rally. She shared the driving of a Mitsubishi with her friend Silka Fritzinger. They were 27th after the first88 words
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Article74 1992-12-05 30 BADEN-BADEN, Germany Olympic track champions Heike Henkel and Dieter Baumann on Thursday were named Germany's Athletes of the Year for 1992. Henkel won the women's high jump at the Barcelona Olympics while Baumann won the men's 5,000 m. The poll by Germany's sports writers gave Henkel74 words
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Article, Illustration458 1992-12-05 30 AP SUN CITY, South Africa Top-ranked Nick Faldo overcame windy conditions on Thursday to shoot a three-un-der 69 and take the firstround lead in the Million Dollar Challenge golf tournament. Faldo, the British Open champion, birdied three straight holes to sit aAP - 458 words
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586 1992-12-05 30 AP COLUMBUS, Ohio Butch Reynolds said on Thursday that he felt his reputation had been cleared after a federal judge awarded him U5527.3 million (5544.8 million) in his two-year legal battle with track's ruling body. "All along I've said 1 was innocent and nowAP - 586 words
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Article, Illustration43 1992-12-05 30 SEOUL Ekaterina Svirina and Sergey Sakhnovsky of Russia performing in the-free dance programme of the World Junior Figure Skating Championships held at Seoul's Mokdong Ice Rink on Thursday. The pair won the gold medal in the competition.43 words
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Article, Illustration567 1992-12-05 30 AP FORT WORTH, Texas Andre Agassi can almost taste it: planting a soft kiss on the cold Davis Cup like he did Wimbledon's glistening trophy in June. At times still a shaky star and a slow starter, Agassi fears no letdowns,AP - 567 words
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Article268 1992-12-05 30 SINGAPORE Australia's laborious 30-20 win over the Barbarians last Saturday finally brought down the curtain on a long and hard Southern hemisphere rugby union season, with the Wallabies undoubtedly the rulers of the world rugby roost. The Aussies had a surprisingly tough five-week tour of268 words
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215 1992-12-05 30 AFP SAINT-JEAN-DE-LUZ, France Jeff Harding powered his way to a unanimous points decision over American opponent David Vedder to retain his World Boxing Council (WBC) light-heavy-weight crown here on Thursday and then admitted that he would have retired from the ring if heAFP - 215 words
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468 1992-12-05 30 Will the European sports hooligan disease spread to US? NYT NEW YORK Picture this: the New York Giants are practising on their private grass field in New Jersey when 20 punks suddenly slip through a hole in the fence and commence wielding bats, chains,NYT - 468 words
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Article1265 1992-12-05 31 City Flight ETA Right ETD City Flight ETA Flight ETD khuOkM r4Q7n nmn SQU1 1705 SQ112 1530 GA970 0010 BR218 1710 MH612 1545 GA976 0025 SOI 13 1750 MH631 1615 Adelaide SQ228 2015 SQ671 1810 SQ114 1700 HniiH RJ187 0130 MH644 1825 MH614 1715 A**terda« SQ3191,265 words
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TRAVEL
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Article, Illustration758 1992-12-05 31 Peter Harris - LETTER FROM YUNNAN By Peter Harris There is an old Chinese saying that heaven is high and the emperor far away. In China, you cannot get much further from the emperor (or rather, Deng Xiaoping), than the town of Dali in the south-west758 words
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Article75 1992-12-05 31 Duration Title Venue Organiser Tel J Duration Title Venue 1 —Tel Jan 7-10 Autosports Birmingham Haymarket 071-*****20 j an >0-23 British Education Barbican EMAP Intl 071-*****47 International Exhibitions. (fax) Training Centre. Exhibitions Ltd. Teddington TWl I Technology London London Jan 7-10 London Earls Court. National Boat 078******875 words
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Article151 1992-12-05 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1345 1.1505 Canadian dollar 1.2730 1.2987 NZ dollar 0.8400 0.8600 Sterling pound 2.5531 2.5890 US dollar 1.6360 1.6420 Local dollars to 100 units of foreign currency Austrian schilling 14.60151 words
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Article654 1992-12-05 32 ABBA The Movie. In 1977, before music videos, they had movies. Footage of the band on stage is held together by a skimpy plot about a deejay chasing the Swedish group through an Australian tour. Yishun 10: 10.10; 12.30; 2.30; 7.15; 9.15. A League of their Own. Highly entertaining654 words
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Page 21 Advertisements
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Advertisement244 1992-12-05 21 I The < way of turning shares into B H H IHONO LEONQ HNAMCE LHHTB) SMQAKMEMMMK UMTTH)H I *****33 J HLfOgM cjcronnnr yaft)o J GEographique. Around the world in 24 hours. THE WORLD NEVER SEEN A THE MECHANICAL CCOCRAPHIQUE ppPfWlW^z^^fep^jgy'^i BEFORE: FASHIONED IN 18 K COLD. IT fi h- Setting244 words
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Page 22 Advertisements
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Advertisement66 1992-12-05 22 I Business Times/Telecom Equipment Promotion (Nov 21,1992) I I CONGRATULATIONS I I to the following winners of the Ericsson HotLine EH 97 handphone worth $1,699 each: I FooLeeLee *****07 E I I Low Kok Haw *****56 G I I Phuan Kim Siong *****141 I Winners will be notified by post66 words
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Advertisement20 1992-12-05 22 N#T SURE WHERE I^PUTYtUR MtNEY? Clcl ilk answer in Personal Investment Ac l inancc. livery Saturday in Business'limes. Business Times20 words
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Page 22 Miscellaneous
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Miscellaneous30 1992-12-05 22 DOOWESBURY GARRY TRUDEAU i~T JUSTA AWifJB, TVt/J/E p siR.HLs&/F I msiHß err™ I CAN FtUP HER. I JOAMB I o*^' 111 I 7WE GOTTHE GOT THE- >«/. GOT THE CAltt CALL30 words
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Page 24 Advertisements
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Advertisement1076 1992-12-05 24 Noll wng Beats A Bud WHERE TO WINE, DINE Our Tim Sum promises to leave a foreign taste in your mouth Sink your teeth they're ready to Into authentic satisfy you Tim Sum every their day the delicacies week flying to Hong Kong. You see. Seaweed that's where Rolls and1,076 words
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Page 25 Advertisements
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Advertisement175 1992-12-05 25 AND ENTERTAIN Truly International That's our culinary offering every Saturday, with a potpurri of fascinating flavours. Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00++ For reservations, please call ANA HOTEL *32-1222 extension 1700 SINGAPORE w H* Stigwt Kas TaMpfuna M6I TV 1727 DID YOU175 words
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Advertisement74 1992-12-05 25 Refrigerated "Wine Cellar i C .'9 KVf&aSDHH i ISWMHMHHPI^I^' ja t s fID^H IMH SIPWPIM liMlMltf llffi/TTiB mhHHJpHIH -S* vYour perfect answer to wine storage in the tropics ',< Model 999 Capacity up to 144 bottles t I i i« 4 i < < Available ex-stock from the Sole Agent:74 words
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Page 27 Advertisements
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Advertisement479 1992-12-05 27 You won't find aCD player hear a live performance of the the romantic atmosphere our rare and sometimes rather* I that revives the spirit of the composer's work. hoxes create wherever they play, expensive (they range in price Sp great composers quite like a REU€E THE ORIGINAL MUSIC y ou479 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1236 1992-12-05 28 Dawn Tan - Dawn Tan considers the issues raised by the sale of the group's retail outlets STOCK Dawn Tan THE recent sale of Cold Storage Holding's (CSH) retail outlets to Hongkong-based Dairy Farm Pte Ltd was a smooth and seamless transaction. But1,236 words
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Article, Illustration98 1992-12-05 28 COLD STORAGE has been trapped in a consolidation band of between $2.40 and $2.90 for more than a year. There is no sign yet that the stock will break out of this trading range, in either direction. Hence, short and medium-term investors may want to accumulate the counterSOURCE: BRIDGE INFO - 98 words
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Article, Illustration846 1992-12-05 28 Chew Eng Han - Chew Eng Han looks at the trends emerging from Europe's currency problems Chew Eng Han PROBLEMS within the European exchange rate mechanism have surfaced again, making the job of currency traders that much more difficult. The Spanish peseta and the Portuguese escudo are theSource: Bloomberg - 846 words
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Article809 1992-12-05 28 Simon Holberton - Simon Holberton on the fallout from Beijing's row with the colony's governor Chris Patten Simon Holberton FT THERE is one word, and only one, that has been the force behind the Hongkong stock market this year: China. The promise of the riches expected toFT - 809 words
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Article, Illustration518 1992-12-05 28 Chew Eng Han - CHART By Chew Eng Han The writer is assistant manager of investmerusxtt NTVC Income. THE Straits Times Industrials Index broke above the 1,455 resistance by about 20 points, but has since dropped back below 1,450. Initial support is at 1,445, butSource: Compuchart - 518 words
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Article, Illustration660 1992-12-05 29 Moiz Tyebally - Moiz Tyebally looks at the offers made by credit and charge card companies in the fierce battle to drum up business Moiz Tyebally WITH the holiday season upon us and the year-end bonuses coming soon, credit and charge card companies are all ready660 words
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708 1992-12-05 29 Alan Wong - Alan Wong considers the factors that prevent the Nikkei from recovering Alan Wong Dr Alan Wong is a lecturer at the Department of Economics and Statistics, National University of Singapore. IS the worst over for the Japanese stock market? This question has been on708 words
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Page 29 Advertisements
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Advertisement302 1992-12-05 29 Which Gift Voucher Can Be Used In So Many Ways? I Lid A SK>9*' 0< Exchange for goods... Redeem for cash... Get discounts... And services from a wide vanet\ of At Kirca •> a shops... Win over $600,000... ,y wuiy In cash and prizes in our 6 monthly In cash302 words
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Page 31 Advertisements
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Advertisement43 1992-12-05 31 i". Fly Finnair's new Business Class to Europe. Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Z I Call your travel agent or 733 3377 for more details. know the world from start to Finnish.43 words
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Advertisement25 1992-12-05 31 Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749 2577 for locations of nearest newsstands.25 words
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Advertisement58 1992-12-05 31 I J iw i v i if y i ■®b I k SfV I A V II KXH I ifl I M 1 Malaysian his two children and their Australian jf| mother... Finally, the inside story of this tug-of-love escape that spanned three countries... (inn inwedsmdar fi&X|M new, news, newsy58 words
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Page 31 Miscellaneous
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Miscellaneous299 1992-12-05 31 6 Begins after con- JIL-_HL._ vulsions with spasmodic I I 1 bursts of activity (4,3,6) ~i■■m "llH of H H H H spice giving strength to arm (6) r j 9 One who originates most ~~TBB "BB of the catalogue (8) 10 It can be pricked even af- 111 I299 words
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Miscellaneous166 1992-12-05 31 Singapore Outlook: Overcast with intermittent rain, heavy at times. Report: Maximum temperature 26.9 Assoc humidity 89% Minimum temperature 23.7 Assoc humidity 98% Hours of sunshine 0.00 Rainfall in mm 15.6 Rainfall this month 38.2 Rainy days this month 4 World report Asia-Pacific Hi/Lo* Cond. Auckland 22/18 Rain Bangkok 29/17 Clear166 words
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Miscellaneous34 1992-12-05 31 k"• TMeees tfmjc OF f+J I YOU'LL sieye* GGJ P> PLANE, up AS\' f on\ ssstg^s^ fue. cover OF Twe HRTWS I VCfMj£r4DP|Jg fpg. Nexr VeAR?7 882Q A ASSOCIATED NEWSPAPERS LTD.. IWMH; (VIPQSSISL&-1 I34 words
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Page 32 Miscellaneous
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Miscellaneous2217 1992-12-05 32 TODAY'S TV 1000 Tlm Bugs Bunny Show. Kattsa, 3.45pm, SBC 5 World Entertainment Report, jj-30 Sarah learns that crook 2.00pm, SBC 5 12 IS PM Kelab Remaia Anzkausing her trading firm for A sneak preview of Anthony r |H sapuri (M, L). smuggling and wants revenge. Hopkins, Winona Ryder and2,217 words
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Miscellaneous631 1992-12-05 32 MOVIES ON TV Man on Fir*, Mon, 10.30pm, dio recording turns up. An SBC 5 "Eddie Lives" publicity camThis 1987 French-Italian paign becomes a pain for the thriller has Scott Glenn as a singer, but do we really care, pacifist hired to mind a cute EiUr T|w Dragon, Wed, Italian631 words
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