The Business Times, 5 December 1992

Total Pages: 32
1 32 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S^4S& MITA (P) 35/12/91 Weekend Edition, December 5-6 1992 75*
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  • NEWS & MARKETS SUMMARY
    • 55 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 day
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    • 46 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.
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    • 32 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.
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    • 28 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.
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    • 31 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 2
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    • 28 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 3
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    • 26 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 8
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    • Article, Illustration
      29 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 +6.9
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    • 23 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% +1/16
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    • 36 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 -4
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  • 510 1  -  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 to
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  • 518 1  -  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 J
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  • 386 1  -  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 the
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  • 192 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 said
    Reuter  -  192 words
  • 295 1  -  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 Joint
    Source: Bridge Info  -  295 words
  • Page 1 Advertisements
    • 101 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 9
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    • 10 1 OPINIONS Patten, Beijing and a matter of face EL 2
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    • 10 1 VIEWPOINT Tan Cheng Bock on health and politics EL 3
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    • 330 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 5
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    • 30 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 8
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  • PAGE 2 NEWS
    • 412 2  -  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 sources
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    • 390 2  -  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 value
      390 words
    • 280 2  -  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 New
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    • 239 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 the
      239 words
    • 315 2  -  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 Touch
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    • 476 2  -  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, Mr
      476 words
    • 299 2  -  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
    • 334 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 companies
      AFP,; Reuter  -  334 words
    • 309 2  -  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 Investment
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  • Page 2 Advertisements
    • 53 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. Adriana
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  • COMPANY NEWS 1
    • 348 3  -  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 game
      348 words
    • 426 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 the
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    • 720 3  -  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 the
      720 words
    • 348 3  -  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 disclosed
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    • COMPANY BRIEFS
      • 45 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.
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      • 84 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 a
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      • 67 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 ration
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      • 71 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 Kuala
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    • 277 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 of
      Bernama  -  277 words
    • COMPANY BRIEFS
      • 110 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 its
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      • 53 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,
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      • 95 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 is
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      • 85 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,
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    • 340 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 ending
      NYT  -  340 words
    • 255 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 its
      FT  -  255 words
    • 154 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 for
      Asahi News Service  -  154 words
    • 179 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 did
      Reuter  -  179 words
    • 412 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 further
      IHT  -  412 words
  • Page 3 Advertisements
    • 54 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 FLORENCE
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  • SHIPS IN PORT
    • 445 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 *****2
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    • 1500 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 Str
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  • Page 5 Advertisements
    • 276 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 building
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  • Page 6 Advertisements
    • 247 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, cabin
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  • Page 7 Advertisements
    • 542 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 Dealers
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 96 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 and
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      • 48 8 TOKYO Japanese bought a net US$5.6B billion (559.2 billion) in foreign bonds in October, after selling a net US$34O million a month earlier, the Finance Ministry said. Bonds include beneficiary certificates but exclude all bills. All figures are rounded and based on bond settlements.
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      • 103 8 SYDNEY Three of the Big Four Australian banks said their lending rates are under constant review but they had no immediate plans to raise them following National Australia Bank Ltd's decision to raise its prime rate. National Australia Bank is raising its benchmark lending indicator
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      • 76 8 WASHINGTON Citibank (Maryland), NA, a unit of Citicorp, has filed with the Securities and Exchange Commission for up to US$l.l billion (551.79 billion) of credit card participation certificates. To be known as Choice Credit Card Master Trust I, US$l billion of the offering are floating rate
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      • 68 8 VIENNA The Austrian Finance Ministry has forbidden the continuation of business at Bankhaus Roessler AG until Jan 20, a ministry spokesman said. He confirmed that business was being halted after the bank's branches in Vienna closed yesterday and Roessler shares were suspended from the Vienna bourse.
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    • 226 8 Reuter BOCA RATON, Florida Former Salomon Bros chairman John Gutfreund on Thursday agreed to pay a US$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 in
      Reuter  -  226 words
    • 532 8  -  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 earlier
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    • 483 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 wellknown
      Reuter  -  483 words
    • 497 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 The
      Reuter  -  497 words
    • 273 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 control
      Reuter  -  273 words
    • 519 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 to
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  • THE REGION/THE WORLD
    • 419 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 policemen
      AFP  -  419 words
    • 390 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 all
      FT  -  390 words
    • 240 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 three
      AP  -  240 words
    • 486 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 in
      Reuter,; AFP  -  486 words
    • 38 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.
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    • 344 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 the
      AP,; AFP  -  344 words
    • 336 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 that
      Reuter  -  336 words
    • WORLD WATCH
      • 77 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 government
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      • 52 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 the
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      • 54 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 be
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      • Article, Illustration
        38 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.
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      • 98 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 fabrication
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      • 61 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 shortage
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      • 53 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 other
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      • 40 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.
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    • 413 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 most
      AP  -  413 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3810 10  -  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 Singapore
      3,810 words
    • Article, Illustration
      89 10  -  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
  • Page 10 Advertisements
    • 206 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 The
      206 words

  • 3088 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 20c
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  • Page 11 Advertisements
    • 190 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 subscribe
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  • 3440 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%
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  • Page 12 Advertisements
    • 30 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. 737-1166
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    • 154 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 from
      154 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5472 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 higher
      Bernama  -  5,472 words

  • CHINA STOCK EXCHANGES
    • 418 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 the
      CLSA  -  418 words
  • JAKARTA STOCK EXCHANGE
    • 1105 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 that
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  • STOCK EXCHANGE OF THAILAND
    • 2109 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 denied
      Reuter; Source: Bridge Info  -  2,109 words
  • Page 14 Advertisements
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  • TOKYO STOCK EXCHANGE
    • 2594 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 modest
      Reuter  -  2,594 words
  • STOCK EXCHANGE OF HONGKONG
    • 2388 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 to
      AP  -  2,388 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2007 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-day
      Reuter  -  2,007 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks end lower for fourth day
      • 860 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 pressure
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      • 360 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 above
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      • 142 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 was
        142 words
      • 455 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 Bank
        455 words
      • 445 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 Atlas
        445 words

  • WORLD STOCK MARKETS
    • Dow dips as profit-taking continues
      • Article, Illustration
        1362 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
      • 173 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 more
        173 words
      • 288 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 referendum
        288 words
      • 227 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's
        227 words
      • 292 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
      • 429 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
      • Article, Illustration
        966 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 a
        966 words
      • 669 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 325.80
        669 words
  • Page 17 Advertisements

  • CURRENCY, MONEY & FUTURES MARKET
    • 1176 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 the
      1,176 words
    • 398 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 1.2203
      398 words
    • 594 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 months
      594 words
    • 304 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 Merrill
      NYT  -  304 words
    • 1539 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 Dec
      1,539 words

  • COMMODITIES
    • 349 19 Reuter TOKYO Annual Asian demand of more than one million tonnes or US$2OO million (***** million) worth of Chinese soymeal may have to shift next year to other sources such as India, Brazil, Argentina and the United States, Japanese importers said. Japan is
      Reuter  -  349 words
    • 298 19 Reuter RIO DE JANEIRO Some of Brazil's cocoa industries may be forced to shut down temporarily during the early part of next year if they are not allowed to import cocoa, traders said. The small size of the 1992/3 Bahia crop, expected to
      Reuter  -  298 words
    • 767 19 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market eased 29 sen to close at M$ 14.24 per kg on profit taking yesterday. Dealers said the market was generally weak in line with the US$2O drop on the London
      767 words
  • 1506 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/Sep
    1,506 words
  • Page 19 Advertisements
    • 123 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

  • 302 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 feed
    Reuter,; AP  -  302 words
  • 229 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 sought
    AFP  -  229 words
  • 232 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 we
    Reuter  -  232 words
  • 259 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 talks
    Reuter  -  259 words
  • 417 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 Li
    Reuter  -  417 words
  • 238 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. A
    Agencies  -  238 words
  • Page 20 Advertisements
    • 177 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 fine
      177 words
    • 9 20 I PERSONAL FINANCE investment Every Saturday in Business Times
      9 words

  • Executive Lifestyle
    • 1544 21  -  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 Kurtzig
      1,544 words
    • STRAWS IN THE WIND
      • 40 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
      • 74 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 you
        74 words
      • 64 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 in
        64 words
      • 48 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
    • OPINIONS
      • 687 22  -  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 stories
        687 words
      • 978 22  -  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 relished
        978 words
      • 679 22  -  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 very
        679 words
      • 601 22  -  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 the
        601 words
    • VIEWPOINT
      • 1241 23  -  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 Party
        1,241 words
      • 1477 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 years
        Photo by Chris Loh  -  1,477 words
      • 616 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
    • EPICURE
      • 541 24  -  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
    • LIFESTYLE
      • 783 25  -  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. S
        783 words
      • 497 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 Vin
        497 words
    • PEOPLE
      • 223 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 all
        Photos by Arthur Lee and Chris Loh  -  223 words
      • 139 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 chairman
        139 words
    • PURSUITS 1
      • 809 26  -  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 the
        809 words
      • 774 26  -  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 in
        774 words
      • 441 26  -  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 Mekong
        441 words
      • 999 27  -  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 takes
        999 words
    • SPORTS
      • SIDE LINES
        • 81 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 field
          81 words
        • 54 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 less
          54 words
        • 92 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 Copperhead
          92 words
        • 83 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 will
          83 words
        • 88 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 first
          88 words
        • 74 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 Henkel
          74 words
      • 458 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 a
        AP  -  458 words
      • 586 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 now
        AP  -  586 words
      • 43 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
      • 567 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
      • 268 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 of
        268 words
      • 215 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 he
        AFP  -  215 words
      • 468 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
    • 1265 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« SQ319
      1,265 words
    • TRAVEL
      • 758 31  -  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-west
        758 words
      • 75 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******8
        75 words
      • 151 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 14.60
        151 words
    • 654 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 entertaining
      654 words
  • Page 21 Advertisements
    • 244 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- Setting
      244 words

  • Page 22 Advertisements
    • 66 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 post
      66 words
    • 20 22 N#T SURE WHERE I^PUTYtUR MtNEY? Clcl ilk answer in Personal Investment Ac l inancc. livery Saturday in Business'limes. Business Times
      20 words
  • Page 22 Miscellaneous
    • 30 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 CALL
      30 words


  • Page 24 Advertisements
    • 1076 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 and
      1,076 words

  • Page 25 Advertisements
    • 175 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 YOU
      175 words
    • 74 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


  • Page 27 Advertisements
    • 479 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 ou
      479 words

  • PERSONAL FINANCE & INVESTMENT 1
    • 1236 28  -  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. But
      1,236 words
    • 98 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 counter
      SOURCE: BRIDGE INFO  -  98 words
    • 846 28  -  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 the
      Source: Bloomberg  -  846 words
    • 809 28  -  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 to
      FT  -  809 words
    • 518 28  -  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, but
      Source: Compuchart  -  518 words
    • 660 29  -  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 ready
      660 words
    • 708 29  -  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 on
      708 words



  • Page 31 Advertisements
    • 43 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
    • 25 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
    • 58 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, newsy
      58 words
  • Page 31 Miscellaneous
    • 299 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 I
      299 words
    • 166 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 Clear
      166 words
    • 34 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 I
      34 words

  • Page 32 Miscellaneous
    • 2217 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 and
      2,217 words
    • 631 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, Italian
      631 words