The Business Times, 13 March 1993

Microfilm: NL18518
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    15 1 Business Times MM A (P) 552/12/92 Weekend Edition, March 13-14 1993 II KNOW ASIA 75*
    15 words
  • Article, Illustration
    Lock icon Concerted bombings kill 200 in India's financial district
    616 1  -  From Yogi Aggarwal, Shiv Taneja in BOMBAY INDIA'S comcrcial capital was rockcd by 15 bomb blasts that killed more than 200 and left 1,100 injured in what appeared to be a coordinated assault aimed at economic targets. The powerful blasts set the
    Reuter photo  -  616 words
  • Article
    SIA offices damaged, staff safe
    70 1 SINGAPORE AIRLINE'S administrative and ticketing offices in the Air India Building in Bombay were damaged by the bomb blasts and have been temporarily shut down. All staff working in its officcs at the time of the blast were safe. SIA said last night. SIA has
    70 words
  • Article
    2am LATEST
    110 1 which Bombay is the capital, termed the attacks "a deliberate conspiracy to get at the city, the country and the economy". Analysts BT spoke to agreed with that view and said the carnage could set India's economy back, coming in the wake of bloody HinduMuslim clashes over the
    110 words
  • Article, Illustration
    Today's Australian poll: Too close to call, say analysts
    225 1  -  From Florence Chong in SYDNEY MORE than II million Australians go to the polls today to elect a new government. And strategists for both the opposing parties say the outcome is too close to call. A mere one per ccnt swing
    225 words
  • Article
    Lock icon China announces tax reform measures
    244 1 Reuter BEIJING China has unveiled a comprehensive tax reform package which it says is easier to manage and monitor, according to the official China Daily. "The reforms aim to make China's taxation system simpler. more rational in structure and more efficient to administer," the newspaper
    Reuter  -  244 words
  • Article
    Lock icon HongkongBank in Batam
    71 1 AFP JAKARTA flic Hongkong and Shanghai Banking Corporation has opened a branch in Hatam to become the first foreign bank on the island, which is designated for industry. Antara news agency said yester- day. Ihe establishment of the hank is expected to stimulate the growth of the
    AFP  -  71 words
  • Article, Illustration
    HK share prices dive as Patten gazettes reform Bill
    548 1  -  From Catherine Ong in HONGKONG SHARE prices in Hongkong went into a free fall yesterday after Governor Chris Patten announced the gazetting of a political reform Bill bitterly opposed by China. The stock market's recent optimism spawned by the possible resumption
    548 words
  • Article, Illustration
    MARKET SUMMARY
    119 1 Stock market indices IrMat Change Sill 1.652 88 -13.76 M SE Composite.. .638 05 +0.8 Nikkei 18.037.52 +132.73 liangScng 6.170.40 -201.44 Sfcl Index 916 26 19.5 Jakarta Composite ...312 95 t 0.26 CLSA China B 1.527 81 +8.75 Ausl All Ord 1.661.5 +0.4 FISEI00 2.915.9 -37.5 Krida) Pre»iou*
    119 words
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  • SINGAPORE NEWS
    • PARLIAMENT BRIEFS
      • Article
        $2m to hire support staff
        58 2 A SUM of 52 million has been earmarked for schools to hire support or part-time staff during peak periods to lighten the workload of teachers, Education Minister Lee Yock Suan said yesterday. Alternatively, secondary and governmentaided schools can use up to one-fifth of the average
        58 words
      • Article, Illustration
        Plugging the teacher shortage
        44 2 THE Education Ministry is recruiting mathematics teachers from India as well as English teachers from Britain, Australia and New Zealand to meet a shortage. It is also trying to attract Singaporeans and other Asian students studying abroad to teach here.
        44 words
      • Article
        Disabled will not get Edusave Fund
        46 2 SCHOOLS for the disabled will not receive money from the Edusave Fund. Education Minister Lee Yock Suan said the government is already providing these schools, which are run by voluntary welfare agencies, with four times more money than normal schools.
        46 words
      • Article
        Open U may start engineering course
        67 2 THE Open University, which kicks ofT next year with three degree courses, will consider introducing an engineering degree course to cater for Polytechnic graduates keen on getting a degree. For the time being, there is no infrastructure in the university, which is run by
        67 words
      • Article
        No Edusave fund for fourth child
        66 2 THE Edusave Fund scheme will not be extended to the fourth child in a family but if the child does well in school, he or she can apply for the Edusave scholarship. Limiting the Edusave fund to the third child is consistent with the
        66 words
      • Article
        Producing scholars
        71 2 THE Gifted Education Programme has produced four President's Scholars from three batches of students. Other students in the programme have won awards at home such as the Lee Kuan Yew prize and abroad. But Education Minister Lee Yock Suan assured the House that such gifted students would not
        71 words
    • Article
      Consortium to redevelop former CHIJ site raises $50m
      294 2  -  By Quak Hiang Whai A CONSORTIUM borrowed $50 million yesterday to finance the redevelopment of the former Convent of the Holy Infant Jesus site. Cloisters Investment Pte Ltd borrowed the money from Overseas Union Bank and DBS Bank, which will lend $25
      294 words
    • Article
      Huge Bukit Turf Club site to be freed for housing
      575 2 Yesterday in Parliament It will be biggest site released by the govt for landed properties SOME 135 hectares of prime residential land will be freed from the Bukit Turf Club in what will be the biggest site to be released
      575 words
    • Article
      Govt to raise HDB loan limits to help lower income groups own homes
      575 2  -  Reports by Chuang Peck Min,Sylvia Wong THE government will raise the quantum of its mortgage loan for the purchase of resale HDB flats to help lower income groups own homes. From April 1, buyers of resale flats
      575 words
    • Article
      S'pore still tops Beri ratings despite one-point loss
      368 2  -  By Anna Teo SINGAPORE has slipped marginally in the Business Environment Risk Intelligence (Beri) ratings of its relative productivity and worker attitude, but gained on the technical skills score. Overall, Singapore's 1993 Beri labour force evaluation measure, though one point lower than
      368 words
    • Article
      More shelter from sun and rain soon at MRT stations
      236 2 MASS Rapid Transit commuters will soon enjoy the comfort and safety of more covered walkways, sheltered taxi stands and overhead bridges at MRT stations. The $6 million project is part of the government's plan to fully integrate buses, taxis and
      236 words
    • Article, Illustration
      RDC launches St Thomas Court
      174 2 RESOURCES Development Corporation (RDC) yesterday launched a residential project along St Thomas Walk, off River Valley Road. The listed building materials supplier is also behind Highland Grove, a terrace house development in Yio Chu Kang. The new project, St Thomas Court, is an eight-storey luxury
      174 words
    • Article
      Asian buyers face EC, Aussie rivals for property Down Under
      368 2  -  By Sylvia Wong EUROPEAN and Australian buyers have begun to compete with Asians in the hunt for Australian property bargains. But Singaporeans are still leading the pack, says real estate agent Jones Lang Wootton. JLW chairman Christopher Brown said yesterday
      368 words
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      Page 2 Advertisements Column 1
      323 2 We all have hidden powers of concentration and memory— Dp you included. And from today, you can release those powers. DC7 fJ\J9 iff From today, you can put failure behind you and look forward to O/*# success, thanks to the world famous Pelman Institute. CiCl IOQCty The secret of Pelmanism
      323 words
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  • THE REGION
    • Article, Illustration
      'Blast turned exchange into a bloody inferno'
      612 3  -  BTs Yogi Aggarwal and Shiv Taneja give an eyewitness account of the explosions which shook Bombay Yogi Aggarwal,Shiv Taneja BOMBAY It was almost half-past one in the afternoon, and there was not even space to breathe in the narrow "gully" in front of
      612 words
    • Article
      Lock icon Scramble for top govt posts following Suharto's re-election
      616 3 AFP JAKARTA A scramble was on for the top posts in the Indonesian government following the election of President Suharto for a sixth five-year term. Indonesians were also wondering whether the vice-presi-dency would cease to be a largely ceremonial post after the
      AFP  -  616 words
    • Article
      Lock icon N Korea's withdrawal from N-pact may spark crisis in east Asia
      342 3 Reuter, AFP TOKYO North Korea's decision to pull out of the Nuclear Non-Proliferation Treaty could plunge cast Asia into crisis, analysts in Japan said. While in Vienna, the United Nation's nuclear watchdog yesterday called North Korea's shock move a
      Reuter,; AFP  -  342 words
    • Article
      Rude shock for Chief Minister
      270 3 AFP BOMBAY The city's new Chief Minister Sharad Pawar suffered a rude blow in his efforts to nurse Bombay back to health, after Hindu-Muslim riots in December and January, when a string of deadly bomb blasts rocked India's commercial capital yesterday. The former Indian Defence
      AFP  -  270 words
    • Article
      Japanese companies expect profits to grow for the first time in four years
      495 3 Reuter TOKYO Japan's corporations expect profits to grow in the year starting April 1 for the first time in four years, but the picture is not so clear, analysts said. Companies are forecasting current profit will grow
      Reuter  -  495 words
    • Article
      S Korea pumping US$3.8b into new aerospace industry
      196 3 AFP SEOUL The South Korean I'radc and Industry Ministry yesterday announeed an ambitious USS.VX billion (556.23 billion) plan for the development of an aerospaee industry featuring the manufacture of airliners and tlie launch of multipurpose satellites. I he plan aims at bringing
      AFP  -  196 words
    • ASIA NOTES
      • Article
        Taiwan mission firms up Subic plans
        77 3 AFP SUBIC BAY An investment mission from Taiwan led by a government official yesterday firmed up its plans to develop part of this former US naval base into an industrial zone. The 64-member delegation, led by Ying Chi-ming. deputy directorgeneral of Taiwan's Industrial Development
        AFP  -  77 words
      • Article
        Iranian tanker denies pollution charge
        87 3 AFP SINGAPORE The owner of an Iranian oil tanker hunted by Malaysia for allegedly discharging sludge into Malaysian waters yesterday denied the allegation, saying it was being victimised by disgruntled cleaning contractors. "It all started with an unsigned letter to authorities in the Malaysian state
        AFP  -  87 words
      • Article
        Thai deputy minister to visit Riyadh
        69 3 AFP BANGKOK Saudi Arabia has invited Thailand's deputy Foreign Minister to visit Riyadh, it was reported here yesterday, in a move which could mark the start of the restoration of normal relations between the countries. Deputy Foreign Minister Surin Pitsuwan, a Muslim from southern
        AFP  -  69 words
      • Article
        Manila power problems worsen
        71 3 Reuter MANILA A crippling power problem in the Philippines, blamed for the economy's poor performance, took a turn for the worse yesterday when another major power plant was shut for repair, the government said. The state-owned National Power Corp said metropolitan Manila would have eight hours
        Reuter  -  71 words
      • Article
        Taipei to tighten software protection
        62 3 Reuter TAIPEI Taiwan, seeking to avert the threat of US trade sanctions, said yesterday it had told the US it would strengthen its inspection system for exports of computer software. The new system, designed in response to US charges that Taiwan is exporting pirated software,
        Reuter  -  62 words
      • Article, Illustration
        New chief of Seoul's Democratic Party
        39 3 Reuter SEOUL Lee Kj Tack, newly elected by South Korea's main opposition party, the Democratic Party, waves in response to cheers of his supporters. Mr Lee succeeds the retired Kim Dae Jung. Reuter
        Reuter  -  39 words
    • Article
      China still optimistic over entry into Gatt
      297 3 Reuter BEIJING China said yesterday it remained optimistic about early entry into the world free trade body, the General Agreement on Tariffs and Trade (Gatt). and accused the US of souring the atmosphere around its application. The official China Daily quoted Long Yongtu,
      Reuter  -  297 words
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      Page 3 Advertisements Column 1
      10 3 l ime to by ground rules for change, EL 2
      10 words
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      Page 3 Advertisements Column 2
      118 3 r Good news and bad news for J HEART PATIENTS I Recent scientific studies* show that heart disease will worsen m if you follow standard dietary advice eat less red meat, eat chicken without the skin; don't eat more than 3 eggs a week (Ref Dr Dean OtwVs Program For
      118 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        31 US military bases on closure list
        86 4 AP WASHINGTON Defence Secretary Les Aspin yesterday recommended shutting down 31 major military installations, realigning 12 others and scaling back 122 others, according to Defence Department documents. The list, delivered to members of Congress yesterday morning, targets such major facilities as Mare Island
        AP  -  86 words
      • Article
        Bonn may compromise on welfare cuts
        106 4 Reuter BONN The German government appeared yesterday to be backing down on plans to cut unemployment benefit at talks with regional state premiers on who should pay the long-term costs of German unification. Chancellor Helmut Kohl had originally planned to cut unemployment benefit by
        Reuter  -  106 words
      • Article
        UK nuclear sub project to cost £5.7b
        114 4 UPI LONDON Politicians hearing evidence on the cost of Britain's Trident nuclear submarine programme have been told that the project will cost £5.7 billion (559.4 billion) over the next 30 years, published reports said on Thursday. The Guardian reported that the figure, which
        UPI  -  114 words
      • Article, Illustration
        A loving touch for Eros
        53 4 Reuter TELFORD, England Conservationist Janet Taylor working on Eros from London's Piccadilly Circus on Wednesday in readiness for the statue's 100 th birthday in June. After the restoration, the statue, made in memory of the 7th Earl of Shaftesbury, will be returned to its central
        Reuter  -  53 words
      • Article
        Wire-taps shame French Socialists
        103 4 Reuter PARIS A report yesterday that President Francois Mitterrand's personal security office requested more than 100 wire-taps added to the Socialist government's embarrassment nine days before a general election. The newspaper Liberation published documents purporting to show that the since-dissolved unit bugged the telephones of dozens
        Reuter  -  103 words
      • Article
        Paris businessmen back Right in poll
        104 4 Reuter PARIS The heads of French companies strongly back the Union for France (UPF) centre-right coalition in this month's parliamentary elections, according to a poll conducted by Sofres for business daily La Tribune Desfosses. The poll, published yesterday, found 66 per cent of 333
        Reuter  -  104 words
    • Article
      EC single market may mean fewer jobs, says analyst
      444 4 AFP BRUSSELS The European Community's single market could be achieving its goal of a leaner, more efficient business community, but the cost may be paid in mounting unemployment, a business analyst warned here on Thursday. He was commenting on a spate
      AFP  -  444 words
    • Article, Illustration
      US' first woman attorney-general confirmed
      271 4 Reuter WASHINGTON US President Bill Clinton has finally completed his Cabinet seven weete after taking office with the unanimous confirmation of Janet Reno as the nation's first woman attorney-general. "I'm elated by that," said Mr Clinton after the 98-0 Senate vote on Thursday. "I hope
      Reuter  -  271 words
    • Article
      Italy's industrialists worried about economy
      270 4 Reuter ROME Italian industrialists are increasingly worried about whether the country's economy can withstand the continuing attrition of its top executives and the political fallout from an ever-widening corruption scandal. Luigi Abete. president of the powerful Confindustria employers' association, issued a strong appeal on Thursday
      Reuter  -  270 words
    • Article
      US Trade Rep tries to quieten chorus of Nafta critics
      404 4 Reuter WASHINGTON The Clinton administration tried on Thursday to reassure critics of the North American Free Trade Agreement that it would not backtrack on campaign commitments to protect workers' rights and the environment. For the third straight day, a senior
      Reuter  -  404 words
    • Article
      Defence minister a favourite to be next Canadian PM
      500 4 AP TORONTO Defence Minister Kim Campbell seems to be far out front in the race to replace Brian Mulroney as head of the Conservative Party and, at least temporarily, as prime minister. That's not bad for a 46-year-old Vancouver lawyer and
      AP  -  500 words
    • Article
      Yeltsin has underestimated his enemies
      656 4  -  Russia's parliamentary crisis From John Helmer in MOSCOW RUSSIANS have a saying: Walk fast and you can overtake misfortune. Walk slowly, and it will overtake you. During the emergency session of the Russian Congress of People's Deputies this week. President Boris Yeltsin's main mistake has
      656 words
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      Page 4 Advertisements Column 1
      38 4 The Bold seeks the right media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER UANHE ZAOBAO UANHE WAN6AO SHINMIN DAH.Y NEWS BERfTA MARIAN BERtTAMJNGGU
      38 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Int'l Factors may be listed earlier
      571 5  -  By Paul Leo SINGAPORE Investors may be able to trade in the shares of factoring company International Factors Singapore (IFS) sooner than expected. IFS, a subsidiary of export credit insurer Ecics Holdings Ltd, is one of the eight gov-ernment-linked corporations that Finance Minister Richard
      Photo by Arthur Lee  -  571 words
    • Article
      MBf sees greater contribution from transport division in the coming years
      350 5 Bernama KUALA LUMPUR MBf Holdings Bhd expects its transport division to contribute more to the group's business in the years to come, according to president and chief executive officer Loy Hean Heong. In a recent interview, he said MBf
      Bernama  -  350 words
    • Article
      Jurong Shipyard may yet perform above expectations again
      861 5  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE A visitor to Jurong Shipyard can get lost easily. Tucked away in a side-lane off Shipyard Road, where other marine big guns such as Far East Levingston Shipbuilding and Sembawang Maritime Ltd are located, is
      861 words
    • Article
      Wah Chang unit, Air China in Hainan hotel tie-up
      248 5  -  By Chuang Peck Ming SINGAPORE Tropical Resorts, a member of the Singa-pore-based Wah Chang group, has joined hands with Air China to build a USS2S million (SS4I million) hotel on Hainan Island. Wah Chang will take a 49 per cent stake
      248 words
    • Article
      Pacific Can could make cash call to fund expansion
      227 5 SINGAPORE Shareholders of Pacific Can Investment Holdings could be asked for more money to back the company's expansion plans. In a strategy to transform the loss-making group into a "dynamic conglomerate", directors have identified four core businesses industrial, construction engineering, building
      227 words
    • Article, Illustration
      SUMMARY
      354 5 Source: Bridge Info Performance of STII's index stocks Mar 12 Last Scasc Indri Stork sale < h« factor aoitn <S) <V> At irao 1 890 -0010 1 58 1.01 CM 7(100 -0 100 5.86 1005 Ccrcboi 5 200 4 35 FAN 12 200 -0 300 1021 30 15 OF
      Source: Bridge Info  -  354 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Nylex (M) posts record profit in 1992
          101 6 Reuter KUALA LUMPUR Nylcx (Malaysia) Bhd, a member of the BTR Nylcx Ltd group, has reported a group net profit of M 544.22 million (5527.86 million) for calendar year 1992, up 40.3 per ccnt from M 531.52 million in 1991. Turnover was M
          Reuter  -  101 words
        • Article
          Chairman sells 5m AMDB shares
          96 6 Reuter KUALA LUMPUR The executive chairman and controlling shareholder of Arab-Malaysian Development Bhd (AMDB), Azman Hashim. has reported selling five million shares in the company. Mr Azman said in a notice to AMDB that the shares were held by Cartaban Malaya Nominees Sdn Bhd and
          Reuter  -  96 words
        • Article
          Samanda explains earnings shortfall
          61 6 Bernama KUALA LUMPUR Samanda Holdings Bhd said the shortfall in profit for the year ended Sep 30, 1992, was due to poor performances by its leisure rubber products and tapes and label stocks divisions. Samanda reported a group profit before tax but after minority interests of
          Bernama  -  61 words
        • Article
          May Plastics forecasts M$7.9m profit
          48 6 Bernama KUALA LUMPUR Soon-to-be listed May Plastics Industries Bhd is projecting a pre-tax profit of M 57.9 million (SSS.O million) for the current financial year ending June 30, 1993, compared with M 56.74 million previously, chairman Chcah Lum Choy said here yesterday. Bcrnama
          Bernama  -  48 words
        • Article
          Posco names new chairman
          55 6 AFP SEOUL South Korea's mammoth steelmaker, statc-con-trollcd Pohang Iron and Steel Co (Posco), named Chung Myung Sik as its new chairman at an annual shareholders' meeting yesterday in a major reshuffle of its board of directors. Mr Chung, 62, was promoted to the post of vice-chairman
          AFP  -  55 words
      • Article
        Brierley Investments sells 18.6pc stake in US motel chain
        234 6 Bloomberg Business News WELLINGTON New Zealand hotels and property group Bricrlcy Investments Ltd said it is selling its 18.6 per cent stake in US motel chain La Quinta Motor Inns for NZSl 12.5 million (SS96.7 million). Bricrlcy company secretary Mark Ilorton
        Bloomberg Business News  -  234 words
      • Article
        Bank Indonesia director takes driver's seat at Astra
        439 6  -  Soeryadjaya family's reign comes to formal end From Maggie Ford in JAKARTA A DIRECTOR of Bank Indonesia was yesterday elected boss of troubled carmaker PT Astra International, signalling the formal end of control by the founding Soeryadjaya family. The new chief. Oscar
        439 words
      • Article, Illustration
        Words and action
        47 6 Reuter BOCHUM, Germany A section of the approximately 1,500 steel workers from several German steel mills demonstrating here on Thursday, during a supervisory and management board meeting of the Krupp and Hoesch Stahl AG, against the closing of the steel plant in Duisburg-Rheinhausen. Reuter
        Reuter  -  47 words
      • Article
        CRA makes new bid to take over Coal and Allied
        468 6 Reuter MELBOURNE Mining giant CRA Ltd has launched its second attempt in three years to take over Coal and Allied Industries, saying it wants to help the miner exploit the fastgrowing demand for energy in Asia. CRA chief executive John
        Reuter  -  468 words
      • Article
        Coles Myer may spend billions on expansion
        424 6 Bloomberg Business News SYDNEY Australia's largest retailer. Coles Myer Ltd. has announced plans to spend a "mind-boggling" amount of money on expansion. Coles Myer chairman Sol Lew said on Thursday that the war chest could run into billions of dollars. He was speaking
        Bloomberg Business News  -  424 words
      • Article
        Shenzhen bourse plans to quote B shares in US dollars
        240 6 Reuter HONGKONG China's Shenzhen Stock Exchange plans to change quotations of its B shares to US dollars instead of renminbi due to the weakness of the Chinese currency, an exchange official said yesterday. "We plan to implement this soon," the
        Reuter  -  240 words
      • Article
        London exchange head quits over electronics project fiasco
        260 6 Reuter LONDON The head of the London Stock Exchange resigned on Thursday in an upheaval in which the securities market dumped its ambitious Taurus electronic share-settle-ment project. The exchange said it was scrapping the project after years of repeated delays and considerable
        Reuter  -  260 words
      • Article
        Fujitsu expects to suffer its first-ever loss this year
        203 6 TOKYO Japan's top computer maker, Fujitsu Ltd, said yesterday its group would suffer a 20 billion yen (***** million) pre-tax loss this year its first ever. Fujitsu, the world's second biggest computer maker, said slumping consumer purchases forced it to abandon
        203 words
      • Article
        UNIT TRUSTS & FUNDS
        427 6 UNIT TRUSTS FUNDS Managers' prices Mar 13 fcppw Unit Trust The Commerce 1.28 1.34 The Savings Fund I.IO I.l6xd S'porc Prog Fund 0.52 0.55 S'porc Sec Fund 0.84 0.88 S'porc Invest Fund 0.93 0.98 S'porc Equit) Fund 0 60 0.63 Asia Unit Trust Mai Invest Fund 168 1.77 Mai Prog
        427 words
      • Article
        DIVIDENDS ANNOUNCED
        496 6 Payment Ex Books Pay <%) date close date Avimo 20* F I2.5TE Feb 17 Mar 1 Apr 15 BAT 21* F 114.2 Mar 23 Mar 29 Apr 6 Bcrjaya Group 1 4 Mar 18 Apr 2 Apr 15 Berjaya Ind 1 3 Mar 4 Mar 18 Apr 8
        496 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        NY's Republic Bank going after more new business in Asia
        386 7  -  By Shoeb Kagda SINGAPORE The conservative Republic Bank of New York will move aggressively into new business areas in Asia, the bank's chairman Walter Weiner said yesterday. Asia is the largest market for Republic Bank's newlyformed securities and derivative arms,
        386 words
      • Article
        China to regulate futures markets, brokerages
        369 7 Reuter BEIJING China has ordered strict controls on futures markets and brokers to make sure economic reform experiments do not get out of control, the official Economic Daily said yesterday. The Economic and Trade Office under the State Council, China's Cabinet, has ruled that
        Reuter  -  369 words
      • Article
        US law may drive swaps to overseas markets, says SEC chief
        295 7 Bloomberg Business News HONGKONG Current US law threatens to drive trading in swaps and hybrid products to foreign markets, Richard Breeden, chairman of the Securities and Exchange Commission, said yesterday. A law requiring futures products to be traded only
        Bloomberg Business News  -  295 words
      • Article, Illustration
        Week of consolidation for greenback
        542 7 DBS Bank weekly currency review (JS$/DM: More upside? THE US dollar rallied to 1.6725 marks on March 5 before settling at 1.6690 for the week. There was little followthrough on the bullish sentiment earlier this week as the market consolidated between 1.6585 and 1.6710. A
        542 words
      • Article
        Renminbi moves toward convertibility in HK
        217 7 Reuter HONGKONG China's currency took a major step towards convertibility in Hongkong yesterday when a bank and a department store, both controlled by Beijing, began trading in yuan at market rates. Po Sang Bank and Yue Hwa Chinese Products Emporium began trading in yuan,
        Reuter  -  217 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        136 7 A day of lacklustre trading, with positions squaring ahead of the weekend. The market was sidelined as dealers were not prepared to open new positions amidst concern over the Russian crisis. The US$/S$ opened off slightly from the previous day's close and continued to drift
        136 words
      • Article
        London
        171 7 Reuter LONDON European share markets retreated yesterday, depressed by heavy losses in Hongkong and New York and concern over the outcome of a political power struggle in Russia. The dollar and mark traded in narrow bands with both currencies affected by safe-haven buying. Gold was stable while oil prices
        Reuter  -  171 words
      • Article
        Crude oil futures sink under US$l19 per barrel
        191 7 ENERGY REPORT Reuter LONDON World crude oil prices were ending the week below the psychologically important US$l9 a barrel level for benchmark Brent Blend crude amid new doubt about how far Opec will cut excess supply. April futures for Brent were trading
        Reuter  -  191 words
      • Article
        New York
        85 7 Reuter NEW YORK Jitters over the Russian leadership crisis gave the dollar a firm tone at the US opening yesterday, dealers said. The rise in US February producer prices, which came in close to expectations, had scant impact, they said. The dollar opened at 1.6650/60 marks and 117.80/87
        Reuter  -  85 words
      • Article, Illustration
        Untitled
        1522 7 I luJf-wrifhlnJ injf\ cakulaltrJ attainv S'pi rf Wf> 14 trading /urrfi>->\ flaw nw /W US$/S$ forward rates Noon Mar 12 S$ BW Offer 1-month 1 6431 ***** 2-month ***** 1 6428 3-month ***** ***** 6-month 1 6367 1 6397 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 11m yesterday. Singapore
        1,522 words
    • COMMODITIES & FUTURES
      • Article
        Nikkei futures end firmer on speculation
        1529 8 SIMEX REPORT Reuter SINGAPORE Simex Nikkei stock index futures rebounded in the second session to end firmer yesterday. Contracts had earlier drifted lower on profit-taking, and then hovered in a narrow range absorbing the March contract settlement price at 17.722.18 points. "Speculators were banking
        Reuter  -  1,529 words
      • Article
        KL tin gets boost from sellers' reserve, small offerings
        994 8 COMMODITIES REPORT Tin TIN price on the Kuala Lumpur Tin Market rebounded to elose nine sen higher at MS 14.59 per kg on sellers' reserve and small offerings. After plunging 20 sen on Thursday to VIS 14.50. buyers were hoping to
        994 words
      • Article
        COMMODITY PRICES
        1817 8 IfUDOer Mar 12 HAS Com wdity Exchange (tut am clot ling as at lpn) RAS (physical prices) RSS 1 Contract (S ccnts/kg) Bnyors Sellers Close Volume Open As at 12 noon cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Apr 93 135 50 136 50N Feb 93
        1,817 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1136 9 +0.4 SHARES closed barely ahead yesterday as pre-election nerves reversed most of the morning's gains. Brokers said despite market expectations of a coalition win today, investors were still hesitant. The All Ordinaries Index closed 0.4 point up at 1.661.5. off its morning high of 1.670.9. The All Industrials Index
        1,136 words
      • Article
        Manila
        533 9 -9.05 SHARE prices closed lower yesterday as trading was weighed down by a continued fall in the price of Philippine Long Distance Telephone Co (PLDT) shares in New York, but the market remains strong, analysts said. The Manila Stock Exchange Composite Index fell 9.05 points to end at 1,494.68
        533 words
      • Article
        Seoul
        356 9 12.90 INVESTORS went on a buying spree yesterday prompted by renewed speculation that the government would soon come up with market boosting measures, sending the weak stock market sharply higher, brokers said. But they forecast the market could slide today unless the pump-priming package is in sight. "Rumours say
        356 words
      • Article
        Taipei
        539 9 •54.85 LATE profit-taking from early, sharp gains yesterday pulled Taiwan share prices down to finish lower across the board. The Weighted Index surged more than 110 points by midmorning but closed 54.85 down at 4.564.53. Turnover was an active NT574.9 billion against Thursday's NT565.2 billion. Brokers said early, speculative
        539 words
      • Article
        New Zealand
        350 9 +4.51 THE New Zealand share market yesterday successfully absorbed the news that Bell Atlantic had sold down its stake in the nation's biggest company. Telecom, to end slightly firmer on the day. The NZSE-40 Capital Index gained 4.51 points to end at 1,588.62. Brokers said turnover, at NZ5605.9
        350 words
      • Article
        Bombay
        91 9 +47.15 INDIAN stock prices gained on support from financial institutions. Traders said the Bombay Stock Exchange Index could gain 30 to 40 points on Monday if the support continues. Trading in Bombay came to an abrupt halt yesterday after a bomb exploded at the stock exchange building. Several people
        91 words
    • WORLD STOCK MARKETS
      • Article
        London
        787 9 -37.5 Equities closed the twoweek account with sharp declines yesterday, depressed by New York and Hongkong falls, amid concerns over the political situation in Russia and nervousness ahead of Tuesday's UK budget. The FTSE-100 shares index closed 37.5 points off or 1.27 per cent down at 2,915.9. Turnover was
        787 words
      • Article
        Paris
        120 9 -23.76 French shares ended weaker as profit-taking, easier bonds and plunging Wall Street stocks drove share prices lower, dealers said. Talk of troops entering the Kremlin, later denied, had caused some panic, thev added. The CAC-40 index closed down 23.76 points, or 1.19 per cent, at 1.965.18. Volume was
        120 words
      • Article
        Frankfurt
        217 9 -10.26 The two factors deterring investors from the bourse yesterday will set the tone for Monday's early action too, but in the course of the next week, German interest rate hopes will come to the fore again. Uncertainty about the outcome of talks between Bonn and the regional German
        217 words
      • Article
        Brussels
        175 9 -0.48 pc Belgian shares fell victim to a bout of profit-taking after a moderately active session yesterday, with steel stocks Arbed and Clabecq the main centre of attention and the day's main losers. The Bel-20 index of leading shares closed with a 0.48 per cent loss at 1.240. Share
        175 words
      • Article
        Milan
        152 9 -1.22 pc Blue chips ended weaker as political worries deterred investors and dealers adjusted their books before the end of the March trading account on Monday. The MIB all-share index fell 1.22 per cent to 1.136, with the underlying trend down 1.05 per cent. Activity was likely to stay
        152 words
      • Article
        Amsterdam
        245 9 -5.2 Dutch share prices closed 1.6 per cent lower yesterday, reversing eight trading days of advances, as concerns about political instability in Russia prompted investors to lock in gains. The EOE index of leading shares fell 5.2 points to 313.66, having set a new all-time closing high only on
        245 words
      • Article
        Zurich
        260 9 -17.9 Swiss shares lost more than 1 per cent as uncertainty over the outcome of the power struggle between Russian President Boris Yeltsin and parliament overshadowed the market yesterday, dealers said. A weak Wall Street opening further dampened sentiment. The market shrugged off almost all this week's gains after
        260 words
      • Article
        Johannesburg
        312 9 -4 South African shares were off highs at the close yesterday as end-of-week lethargy set in. but dealers said there was likely to be further gains on Monday ahead of the so-called "triple witching hour". The "witching hour", when various derivatives close-out. is seen taking prices higher as investors
        312 words
      • Article
        Untitled
        654 9 Stockholm >lar 12 SAt Wa 431 00 -'00 \ura fr'OOO -100 Alias opto J>00 •1 00 E rKASon :woo •5 00 Esjb 205 00 unch S-E Bjnkrn <0 0 50 SKF 84 00 Ulfctl Sandnk 444 00 •COO SkjnJu n:oo ooo Vflho 1*000 -2000 Vienna Mar 12 Wh +7T \k$
        654 words
      • Article
        Toronto
        311 9 +0.43 Stocks fell sharply in early dealings yesterday as losses south of the border weighed on all indices, dealers said. The TSE-300 Index dropped 27.74 points to 3,424.68 on volume of 7.3 million shares valued at C 562.5 million. Declines beat out advances 209 to 106. with 179 issues
        311 words
      • Article
        New York
        858 9 •21.34 Blue-chip stocks fell yesterday on inflationary fears unleashed by the announcement that wholesale prices had increased 0.4 per cent in February, the largest rise in two years. The Dow Jones Industrial Index was at 3.423.20. off 33.80 points at midday. Trading was active with 90 million issues
        858 words
    • Article, Illustration
      HONGKONG
      3073 10 Reuter SHARE prices closed sharply lower yesterday on news that Governor Chris Patten will press ahead with democratic reforms after diplomatic efforts failed to open talks on the issue with China. The Hang Seng Index tumbled 201.44 points, or 3.16 per cent, to finish at 6,170.40 in a day
      Reuter; Source: Bridge Info  -  3,073 words
    • Article, Illustration
      CHINA
      462 10 PROFIT-taking before the weekend pushed the Shanghai A market 1.58 per cent down yesterday, with the CLSA Shanghai A Index closing at 8,251.2. Turnover was a low 37.6 million shares. The foreign share market was quiet with turnover under US$l.63 million. The CLSA Shanghai B Index notched up 0.4
      462 words
    • Article, Illustration
      TOKYO
      2522 10 Reuter STOCKS ended firmer yesterday, with the 225-share Nikkei up 132.73 points or 0.74 per cent to 18,037.52. It last closed above 18,000 on Sep 25. Late active buying on incen-tive-backed issues kicked in as sentiment was encouraged by the market's firmness, brokers said. Turnover was about 800 million
      Reuter; Source: Bridge Info  -  2,522 words
    • Article, Illustration
      BANGKOK
      1774 10 Reuter MAJOR property firms jumped in active trade yesterday as the market rose on rumours the Securities and Exchange Commission (SEC) could be considering reducing the level of punishment for those involved in share manipulation. The SET Index rose 19.50 points, or 2.17 per cent, to close at 916.26
      Reuter; Source: Bridge Info  -  1,774 words
    • Article, Illustration
      JAKARTA
      911 10 Reuter STOCKS ended mixed in hectic half-day trading yesterday. "The market was active. Several dormant shares were getting liquid." a broker with a foreign securities firm said. Among them were Jaya Pari Steel. Rig Tenders and Mayatexdian. she said. Kalbc Farma. which announced plans for a rights issue, traded
      Reuter; Source: Bridge Info  -  911 words
    • Article, Illustration
      CLOB INTERNATIONAL
      2695 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mcnang C orp g.242 .000 Mulli-Purposc "'.UhI (MM) Kcnong Bhd MX 4 233.000 longkah Hldg* 4 156.000 Mctropkx 50c 3.425.000 Bcrjjva liroup 3.135.000 Sn Hartamas 2.726.000 Promct 2.200.000 Kamunling 50c 2.I67.UX) Ind (H\gcn 50c 2.tW5.000 Idris Hvd 50c 1.956.000
      Source: Bridge Info  -  2,695 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Prices dive further amid profit-taking
        5202 11 Bernama HEAVY profit-taking took share prices to a lower close yesterday despite selective situational and index-linked stocks which continued to attract speculative buying interest. The KLSE Composite Index tacked on 0.80 of a point to 638.0S and the Main Board all-share Emas Index added 0.05
        Bernama; Source: Bridge Info  -  5,202 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Prices lower on weekend profit-taking
        7081 12  -  By Magdalene Ng SINGAPORE Share prices dipped almost 1 per cent yesterday in profit-taking ahead of the weekend and in adverse reaction to corporate developments. The lack of positive fresh factors also did not help, dealers said. Despite a firm opening in the first hour
        Source: Bridge Info  -  7,081 words
      • Article, Illustration
        KHJC Foreign
        70 12  -  HOT STOCK Paul Leo KAY Hian James Capel Foreign breached resistance at 76 cents yesterday to close at 77 cents. However, a daily RSI above 75 indicates an overbought condition and the stock is likely to fall in the short term. Buy when prices fall to support at
        SOURCE: BRIDGE INFO  -  70 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      620 5 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 PACIFIC CAN INVESTMENT HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of the Company will be held on Tuesday, 30 March 1993 at 3.00 pm at No. I Sixth Lok Yang
      620 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      325 6 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 THE ATLAS ICE COMPANY, BERHAD (Incorporated in Malaysia) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Seventy-Eighth Annual General Meeting of the Company will be held at the Registered Office, No. 22 ((Upper floor of No. 20), JaJan Hang Jebat,
      325 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      84 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 You can do so many things with the help of The Straits Times Classified, like: Buy a home Find a job Get a car Rentacar Sell your bicycle Hire a painter Purchase a washing machine Locate your lost pet Announce a
      84 words
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      Page 8 Advertisements Column 2
      320 8 IN THE MATTER Of THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF WONLY FA TRADING PTE LTD (In Members' Voluntary Liquidation) At an EXTRAORDINARY GENERAL MEETING of the members of WONLY FA TRADING PTE LTD duly convened and held at 22 Jalan Terentang. Singapore 1953 on 12th March
      320 words
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      Page 8 Advertisements Column 3
      19 8 As and when the latest Ixindon/Rotterdam priees are not available, the previous trading day's closing figures are carried instead
      19 words
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  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      33 9 j #t> I 3 I When ■"V means^, fer money iSfIEfIHSMfIL How a Singapore software house is helping local wholesalers and g distributors go high-tech The closing report for Stockholm was not available
      33 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      22 10 See the exciting range of Mitsubishi cars today... while stocks last. Cyd» A Corriogo Automotive Pto lid. 253 Alexandra Rood, Singapore 0315.1*1:*****21.
      22 words
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  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      41 11 All warrants and bonds art listed in SES page It's a reason why the once-squabbling Unix community is talking If peace and cooperation It's ushering in the digital age, sooner than you think All in BusinesslT this Monday. Get yours ASAP!
      41 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      26 12 See the exciting range of Mitsubishi cars today... while stocks last. Cyd» 4 Corrioga Au<owe<t»» Fl> lid. 153 AlMwdw load, Singapore 0313. fcfc *****12. CVCUftCAIMIACC «E**
      26 words
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  • SPORTS
    • Article, Illustration
      Fred Couples stages comeback to lead in Honda Classic
      576 13 Golf NYT FORT LAUDERDALE, Florida Threatening to shift into the gear that made him nearly unbeatable at this time a year ago, Fred Couples shot a nearly flawless 64 on Thursday to take the first-round lead of the Honda Classic. Couples
      NYT  -  576 words
    • Article
      Back pain forces Ballesteros out of Balearic Open
      544 13 AFP SANTA PONSA, Majorca Spanish golf hero Severiano Ballesteros suffered the latest in a series of setbacks on Thursday, when back pain forced him out of the Balearic Open here. The first round limelight went instead to the leading quartet of Argentina's
      AFP  -  544 words
    • SCORE CARD
      • Article, Illustration
        Basketball
        39 13 Reuter NEW YORK NBA results on Thursday: Miami 97 Chicago 95; Cleveland 118 Charlotte 99; Detroit 112 Denver 104; Houston 104 Portland 91; Seattle 116 Milwaukee 105; New Jersey 103 Golden State 91; Sacramento 109 Minnesota 95. Reuter
        Reuter  -  39 words
      • Article, Illustration
        Cricket
        127 13 Reuter WELLINGTON Scoreboard after the first day of the third and final test match between New Zealand and Australia yesterday: Australia first innings D Boon Ibw b Watson 20; M Taylor Ibw b Morrison 13; J Langer c Blain b Morrison 0; D Martyn c Blain b Watson I;
        Reuter  -  127 words
      • Article, Illustration
        Golf
        173 13 AFP Reuter Reuter FORT LAUDERDALE, Florida First round scores of the US$l.l million Honda Classic on Thursday (US unless stated): 64 Fred Couples 65 David Jackson, Phil Blackmar 66 Fuzzy Zoeller, Andrew Magee, Gene Sauers 67 Bob Estcs, Bill Glasson. Rick Dalpos, Craig Parry (Aus) 68 Dick Mast, Robert
        AFP; Reuter  -  173 words
      • Article, Illustration
        Handball
        23 13 Reuter GOTHENBURG, Sweden Results of the men's world championship on Thursday: Group C Iceland b Hungary 25-21; Sweden b USA 32-16. Reuter
        Reuter  -  23 words
      • Article, Illustration
        Ice hockey
        42 13 Reuter NEW YORK Thursday's NHL results: Pittsburgh 4 LA Kings 3 (OT); Boston 5 Montreal 2; Philadelphia 6 Washington Capitals 4; Minnesota 4 Vancouver 3; NY Rangers 4 Chicago 1; St Louis 5 San Jose 1; Calgary 6 Detroit 3.
        Reuter  -  42 words
      • Article, Illustration
        Tennis
        130 13 AP ZARAGOZA, Spain Second round results of the U*****,000 Zaragoza Open indoor tournament on Thursday: Singles Karcl Novacek (Cze 1) b Richard Matuszcwski (US) 6-4, 6-2; Francisco Roig (Spn 7) b Joao Cuhna-Silva (Por) 6-2, 7-6 (8-6); Marc Gocllner (Gcr) b Bary Wuyts (Bel 6) 7-6 (7-3), 6-4; Martin
        AP  -  130 words
    • Article, Illustration
      Goalie makes a leaping save
      45 13 Reuter MELBOURNE South Korean goalkeeper Kim Hae Woon making a save flanked by his teammate Kim Dae Vi during their World Youth Soccer Championships match against the US in Melbourne on Thursday. South Korea drew 2-2 with the US. Reuter
      Reuter  -  45 words
    • Article
      Must boys always be boys?
      397 13 NYT NEW YORK The arc of the current mini-series begins in a suburban basement. High school football players are having their way with a retarded female classmate. The arc ends in a prison cell. The former heavyweight champion of the world is doing time for
      NYT  -  397 words
    • SIDE LINES
      • Article
        5 share 1st round lead in Ping-Welch
        101 13 AFP TUCSON, Arizona Late round heroics from Beth Daniel and Michelle Mackall swelled the group sharing the first round lead to five here on Thursday in the Ping-Welch's Championship women's golf tournament. Dale Lggeling had established her place early while Jill Briles-Hinton and
        AFP  -  101 words
      • Article
        Mansell makes IndyCar racing debut
        113 13 AP SURFERS PARADISE, Australia World Formula One champion Nigel Mansell said on Friday he still had much to learn about IndyCar racing, but was confident of making a successful debut later this month. Mansell will race for the Newman-Haas team for the first time in
        AP  -  113 words
      • Article, Illustration
        Silver medal for skating Elvis
        39 13 Reuter PRAGUE Canada's Elvis Stojko jumping up in the air during his free performance at the World Figure Skating Championships in Prague on Thursday. Stojko took the silver medal behind countrymate Kurt Browning. Reuter
        Reuter  -  39 words
      • Article
        Snow shortens Imperial tournament
        61 13 AP YOKOSHIBA, Japan Heavy snow forced the cancellation of the second round of the Imperial Golf Tournament yesterday, shortening the 72-hole tournament to 54 holes. Hideyuki Sato led after the first round at a 6-under-par-65 on the 6,109-metre, par-71 Caledonian Golf Club course, south-east of Tokyo.
        AP  -  61 words
      • Article
        Japan clamps down on soccer foul play
        142 13 Reuter TOKYO Players in Japan's new professional soccer league face a year's ban if they attack the referee or linesmen and a life ban if they do it a second time, a Japan Soccer Association spokesman said yesterday. He said the association's board
        Reuter  -  142 words
      • Article
        Athletics body fights drug use
        105 13 Reuter TORONTO International Amateur Athletic Federation president Primo Nebiolo says his organisation is leading the fight against drug use in the sport but admitted only one per cent of its budget is spent on random drug testing. At a news conference on Thursday on the
        Reuter  -  105 words
    • Article
      Japanese baseball shaken by plan for free agents system
      635 14 AP TOKYO When Atsuya Furuta went to negotiate his contract last December, he shook up Japan's baseball barons by demanding the presence of an unusual ally: a lawyer. The barons don't allow any player agents at salary talks. They don't allow
      AP  -  635 words
    • Article, Illustration
      Light of foot, light of heart
      64 14 Reuter AUCKLAND NZ bowler Danny Morrison walked on air as his captain Martin Crowe congratulated him after Morrison took one of his five wickets against Australia yesterday. Australia collapsed to 139 for nine on the first day of the final test. Pace bowler Morrison
      Reuter  -  64 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1353 13 oty rn* no nm n»^ AIn DhaM GA860 0020 GA928 0305 MlliHl SQ228 2015 Aw— RJ187 0135 «mMW SQ319 0810 SQ342 2300 KL837 1545 KL838 2350 <UdU«wd NZ21 1700 NZ22 1825 SQ286 2045 Babrata Gf 148 0850 B Sarf Bcgawraa ***** 1105 SQ182 0930 SQ181 1425
    1,353 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      47 13 Fly Finnair's new MD-11 the world's most technologically advanced aircraft Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. know the world from start to Finnish.
      47 words
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      647 14 n u..- ma. ft i Vtssa toy no sra writs wpim Vessel Voy No Berth /Wvi Deperttte iuroflg Port Arkbs Sras 16 atongsale 13 03/0600 Geo Mvu No 8 6 fi/6 alongsde 13 03/0600 Neo Pakrora 202 J7/8 alongside 13 03/2300 Sheraton 1 5493 12 atonpde 1303/0700
      647 words
    • Article
      CONTAINER SCHEDULES
      1976 14 rifi CONTAINERS IN PROGRESS a# Wo 1 No Ctntann 1 rotable a* Voy No Contancn nAMt Smo Mam 12N *****3 1515 Sea Horse 41NB COO<EST) *****3 1500 Sea Laurel 172S *****3 1625 0 Kakmantan 56S COO(EST) *****3 1500 Zm Mbourne 2im 11.03 93 1900 Kuala S«* 5 020N
      1,976 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      355 14 CRYPTIC CROSSWORD 1 to the 5 Daily responsibili- jUMpM 1 A cream concoction novice 8 Turn on the side vehicle trav- YESTERDAY'S SOLUTION foupd in some chocolates (7) elling ENE (6) TAlolalrli Ibl exterous one to serve 13 Roundabout journeys to 3 Look angrily but not hesitant- D wh f
      355 words
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  • REGIONAL FOCUS
    • Article, Illustration
      The irony behind the whole Hongkong affair
      1305 15  -  British-China talks on constitutional reform in Hongkong From Stephen Vines in HONGKONG IT NOW looks certain that Britain and China will not be able to agree to talks on plans for constitutional reform in Hongkong. Never before have relations been so bad that
      1,305 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      138 15 B US! N E 8 S TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 THONG KHJC SDN. BHD. (A Member Company of The Kuala Lumpur Stock Exchange) We are a stockbroking company (formerly Thong Oh Securities Sdn. Berhad) in Fenang and invite applications from licensed dealer's representatives for the following
      138 words
    • Advertisement
      Page 15 Advertisements Column 2
      282 15 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 BATy British-American Tobacco Company (Singapore) Limited Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Fiftieth Annual General Meeting of British-American Tobacco Company (Singapore) Limited will he held at the Registered Office of the Company, 57 Senoko Drive, Singapore
      282 words
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  • Article, Illustration
    Yeltsin storms out of Kremlin, abandons bid for deal
    538 16 Move stirs fears that Russia may be sliding towards anarchy Reuter, AP MOSCOW Russia's President Boris Yeltsin dramatically abandoned the search for a power-sharing deal with the country's top legislature yesterday, stirring fears that the country may be sliding towards anarchy.
    Reuter,; AP  -  538 words
  • Article
    Clinton marshalling support for Yeltsin
    398 16 Reuter. AFP WASHINGTON United States President Bill Clinton is scrambling to marshal! domestic and international support for Russia as Russian leader Boris Yeltsin suffered a major defeat in his power struggle with Parliament. "I support democracy in Russia and the movement to a market economy,
    Reuter.; AFP  -  398 words
  • Article
    American wholesale prices up 0.4 per cent in February
    219 16 Reuter WASHINGTON Prices at the wholesale level rose a moderate 0.4 per cent in February, the Labour Department said yesterday, adding to evidence that inflationary pressures have largely dissipated. The February rise in the Producer Price Index, however, was the largest
    Reuter  -  219 words
  • Article
    Japanese economy growing at slowest pace in nearly 20 years, says agency
    478 16 Reuter TOKYO Japan's economy grew at its slowest pacc in nearly two decades in 1992 in what is becoming a painfully unique chapter in the nation's post-war history. The Economic Planning Agency (EPA) announced yesterday that gross national
    Reuter  -  478 words
  • Article, Illustration
    China's hardline V-P Wang Zhen dies days before retirement
    312 16 Reuter BEIJING China's hardline Vicc-Prcsidcnt Wang Zhen died yesterday, just days before a meeting of Parliament that would have retired him from his post. He was 85. Mr Wang, Vicc-Prcsidcnt since 1988, died in the southern city of Guangzhou, Xinhua news
    Reuter  -  312 words
  • Article
    US lawmakers, industry urge MFN status for China
    386 16 Reuter WASHINGTON China should have its most-favoured nation trading status renewed to give US companies a stake in what will soon be the world's largest economy, lawmakers and energy industry executives said on Thursday. The comments came a day after Secretary of
    Reuter  -  386 words
  • Article
    Li Peng toning down hard line in economic report: paper
    241 16 Knight-Ridder HONGKONG Chinese premier Li Peng has made lastminute revisions to a key address he will deliver on Monday to reflect the economic views of senior leader Deng Xiaoping, the South China Morning Post newspaper reported yesterday. Quoting Chinese officials
    Knight-Ridder  -  241 words
  • Article
    Primerica wraps up a deal to buy Amex's Shearson Lehman unit
    517 16 Reuter NEW YORK Primerica Corp yesterday wrapped up a deal to buy American Express Co's Shearson Lehman Brothers for about USSI billion (SSI.6 billion), making Primcrica the world's sccond biggest stockbroker after Merrill Lynch Co. The acquisition includes Shcarson's
    Reuter  -  517 words
  • Article
    GDP figures show UK recession has ended
    183 16 Reuter LONDON Gross domestic product (GDP) figures for the final quarter of 1992 published yesterday showed Britain's recession had ended at last. The Central Statistical Office figures showed GDP grew 0.2 per cent in the final three months of 1992 from the previous
    Reuter  -  183 words
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  • Executive Lifestyle
    • Article, Illustration
      Bangkok's Western ways
      1418 17  -  In Bangkok, West is best, and middle class Thais are pursuing Western lifestyles on a scale never seen before. Could the city be in danger of ending up with a counterfeit foreign culture? Karim Raslan reports Karim Raslan kartm Raslan is a freelance journalist who contributed this
      1,418 words
    • STRAWS IN THE WIND
      • Article
        The big sleeper
        37 17 HERE'S a good one from Rupert Pennant-Rea, outgoing editor of 7he Economist: How do they define the Gatt negotiating table in Geneva? Answer. It is 100 feet long, 25 feet wide, and sleeps 82.
        37 words
      • Article
        Don't call us
        54 17 IF YOU thought a public relations officer was supposed to handle queries from the press, think again. A journalist who called the PRO at one stat board was abruptly told: "Oh dear! Every time you call us, we cannot do our work!" And she meant it too,
        54 words
      • Article
        Sizing things up
        64 17 THE CAPTAIN of a ship in distress on the North Sea radioed for help saying, "Mayday, Mayday". A coast guard wanting to confirm the message radioed back, "Capsized?" The ship captain paused for quite a while and replied: "Five and a quarter, if you really want to
        64 words
      • Article
        Romantic rip-offs
        37 17 SHOPLIFTERS aren't the sole problem at the Word Shop in Orchard Towers. Besides the usual "Shoplifters Will Be Prosecuted" sign, there's also a notice that warns people against ripping off the covers of romance novels.
        37 words
    • OPINIONS
      • Article, Illustration
        The difficulty in distinguishing right from wrong
        1027 18  -  Tye Kim Khiat assesses the run-up to the Australian election Tye Kim Khiat The writer is a Melbourne-based journalist who contributes to BT FOR five weeks, Australians had been under the influence of a heady brew, vintage 1993. Today, Australians will stir, shake
        1,027 words
      • Article
        Time to lay ground-rules for change
        577 18 In an editorial this week, the Asahi Shimbun reflected on Indonesian President Suharto's 25 years in office INDONESIAN President Suharto was re-elected to a sixth term by the People's Consultative Assembly. He has been in power for a quarter of a century and is
        577 words
      • Article
        Redefining old relationships
        782 18  -  Nirmal Ghosh feels Manila is bound to establish closer links with East Asia as ties with the US loosen Nirmal Ghosh The writer is a BT journalist THE unravelling of the relationship between the Philippines and the United States involves a lot of messy loose ends and
        782 words
      • Article
        Misunderstanding over Cambodian state property rule
        189 18  -  LETTER TO THE EDITOR Roger Lawrence Director for Rehabilitation and Economic Affairs, Untac Phnom Penh THE encounter of Mr Harish Mehta and Mr Michael Ward ("Investors now have to reckon with rule on Cambodian state property", BT Feb 13-14), produced several misunderstandings that will
        189 words
    • VIEWPOINT
      • Article, Illustration
        Room for further endorsement
        2029 19  -  CONVERSATIONS RAFHJES A government-linked giant like STIC may appear to enjoy unfair advantages over smaller companies; but in reality, doing business is not always a cinch. Margaret Thomas hears about reluctant bankers and elusive funds from its president, Wong Kok Siew Margaret Thomas IT IS a
        Photo by Chris Loh  -  2,029 words
      • Article
        A niche of his own
        624 19 TODAY he heads a govern-ment-linked corporation which many local businessmen think has too great a presence in the domestic market. But it wasn't so long ago that Wong Kok Siew was himself one of those muttering dark things about GLCs and the way the business
        624 words
      • Article
        Placing entrepreneurs in corporate environments
        892 19 IT'S NOT entrepreneurs that Singapore lacks, in Wong Kok Siew's view. What's really needed are corporate entrepreneurs. "We have lots of people with entrepreneurial flair who want to do something themselves but who lack money. They want to build something larger than themselves, so they
        892 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (MARCH 15-19)
          58 20 Those polled on their view of the Singapore sunk market for the week ahead: Baring Securities. Crosby Securities, Daiwa Securities Singapore. DBS Asset Management, Kay Hian James Capel. Kim Eng Securities, Morgan Grenfell Asia Securities. Peregrine Securities. Phillip Securities, OC'BC Securities. Ong Co, COB Securities
          58 words
        • Article
          Heard this?
          27 20 Magnum is said to be coming back with their gaming licence, plus some construction contracts from China, this weekend. Is the wait over at last?
          27 words
        • Article
          Buy!
          239 20 Ong Co (March 12) Jurong Shipyard. Buy at current level. Very strong performance in the second half because of efficiency and order books are quite good for the first half of the year. One of the outstanding performers in the sector. Sembawang Shipyard. Buy at current level. Engineering order
          239 words
        • Article, Illustration
          Eye on the region: Thailand
          304 20 TISCO Securities Bank shares are currently undervalued, particularly Siam Commercial Bank (SCB) and Thai Farmer's Bank (TFB). The recent tumble in the prices of bank stocks was triggered by Bangkok Bank's capital-increase announcement, which caused many investors to desert bank stocks as they feared other
          304 words
        • Article, Illustration
          In my opinion...
          281 20  -  Mr Loh Hoon Sun Managing director Phillip Securities Set up in 1975. Phillip Securities is probably the largest retail stockbroking house in Singapore. It has 135 remisiers and 25 dealers. Industry estimates put its market share at 8 to 10 per cent of total daily volume on
          281 words
      • Article, Illustration
        Enthusiastic response expected for CWT
        1128 20  -  STOCK By Dexter Lee As4-BlLL!ON surplus in the Port of Singapore Authority's coffers underscores Singapore's success as the hub port for South-east Asia. CWT Distribution Ltd, the year's first main board listing, is expected to give investors a foretaste of a I%A listing which is
        1,128 words
      • Article, Illustration
        A stab at 1,700 for STII... then correction time
        412 20  -  CHART By Chew Eng Han A MARGINAL new high for the Straits Times Industrials Index looks likely next week, but thereafter, a big correction is on the cards. The index hit an all-time high of 1,680 two weeks ago. dipped to
        412 words
      • Article
        HK pension funds fail to beat inflation, lag Hang Seng Index
        755 20 South China Morning Post Retirement investment funds in Hongkong have failed to beat inflation in the last year and have lagged the Hang Seng Index over six years, according to an industry report. In place of a compulsory savings
        South China Morning Post  -  755 words
      • Article
        Unit trust performance ranking
        830 20 Next publication date: April 17, 1993 Launch 1 mth 3 mths 6 mths I yr 2 yrs 3 yrs Ranking n at S Mm M S S s S S Singapore Straits Ii«es N 14.87 20.18 12.21 13.51 6.92 Credit Lyonnais Singapore Cir 28.07.69 5 11
        830 words
      • Article, Illustration
        Corporate bonds take on new lustre
        980 21  -  With the current low interest rates, institutional investors are turning to this form of investment for higher yields, reports Soh Tiang Keng Soh Tiang Keng THEY don't usually find their way into the individual investor's portfolio. But given the present low interest rate scenario,
        Source: MAS, Citicorp Investment Bank  -  980 words
      • Article, Illustration
        Getting your business ready for GST
        812 21  -  Magdalene Ng on why it's necessary to begin preparing for April 1 now Magdalene Ng TREAT those receipts and invoices with respect, and the taxman may smile on you. If you are a sole proprietor or partner in a business with sales of over
        Source: Artur Andersen Associates  -  812 words
      • Article, Illustration
        Car financing made easy
        571 21  -  This may be the best time to negotiate that loan for your car from a finance company, says Moiz Tyebally Moiz Tyebally CAR FINANCING has never been cheaper. This is because interest rates are at historical lows and will probably remain so for the next six
        571 words
      • Article, Illustration
        Bullish outlook on Aussie dollar
        210 21  -  Spotlight currency By Paul Leo THE JURY is out on Australia's Prime Minister Paul Keating but a verdict appears to have come in on the Australian dollar. Mr Keating's fate hangs in the balance as Australians go to the polls today but the Australian dollar
        210 words
    • Article, Illustration
      Too big for his bootees
      582 22  -  Cinema Review By AUDREY TAN "GEE, isn't your baby getting big," is not something you say to the Szalinskis. Not when their baby is a whopping 112 feet tall and still growing. After wailing "Honey I shrunk the kids" the last time around, you'd think
      582 words
    • Article, Illustration
      Sweets to the sweet
      573 22  -  By SUSAN TSANG PRODUCER Lawrence Kasdan, master purveyor of the plotless, generally nice movie, does it again. Immediate Family is the fairly uneventful tale of a lot of nice people tormented by their own best intentions. Immediate Family brings together and contrasts the lives of two
      573 words
    • Article, Illustration
      A classic tale stirringly told
      760 22  -  Cinema Review By JAIME EE THERE arc two ways to make an epic movie. One is to make it three hours long, hire Richard Attenborough to direct and make everyone speak like Helena Bonham-Carter. It's a sure-fire way to get an Oscar nomination and draw
      760 words
    • Article, Illustration
      In the belly of a temperamental volcano
      1179 22  -  T 1 M-A I ravel Notes By NIRMAL GHOSH "YOU CAN'T sell it to others unless you do it yourself." remarked Derek Biddle. UKbased adventure tour operator, as we laboured up one of the slopes of the volcano in the unique Taal Caldera,
      Photo by Nirmal Ghosh  -  1,179 words
    • Article, Illustration
      The King of Pain lightens up
      726 23  -  CD Review By RINGO LIEW STING: len Summoncr's Tales It's been about two years since the release of Sting's last album. And all indications here are that not much has changed with him. For one thing, the former front man of The Police is
      726 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • Article
          Avoid margarine to stay healthy
          110 24 NYT. WOMEN who eat four or more teaspoons of margarine a day have a 50 per cent greater risk of developing heart disease than women who eat margarine only once a month. It was also found that women who eat large amounts of other forms
          NYT.  -  110 words
        • Article
          Nutty way to cut cholesterol
          150 24 AFP A DIET rich in nuts can reduce the level of cholesterol in the blood and the risk of a heart attack, according to a university study. After analysing the eating habits of 31,208 people, researchers found that the risk of heart attack was half
          AFP  -  150 words
        • Article
          Cold Facts
          103 24 NYT HOW ARE colds spread? This may seem like a simple enough question, but the cold fact is that even the experts don't agree. Some doctors maintain that colds are transmitted primarily by a hand-to-hand-to-nose route, which means a simple handshake with an infected person can put you
          NYT  -  103 words
        • Article
          Helping your children converse
          140 24 NYT PARENTS worried about stuttering children may not need to rush to the speech therapist. Experts say that many children go through periods in their language development when their thoughts move faster than their ability to say the words they want. Repetition of words and phrases
          NYT  -  140 words
      • Article, Illustration
        Helping blood to zip along
        793 24  -  Susan Tsang offers some tips on how to get those red cells in the circulatory system a-moving Susan Tsang CHEMICAL analysis shows that the average man has enough fat to make seven bars of soap, enough iron to make a medium-sized nail, enough sugar to
        793 words
    • PEOPLE
      • Article, Illustration
        Woman of the Year
        234 24 MORE than 120 guests applauded nominated MP Kanwaljit Soin when she was honoured on March 5 with the Woman of the Year award. Dr Soin, 51, an orthopaedic surgeon and mother of three grown-up sons, was judged ahead of nine other outstanding Singaporean women. Among other
        Photos by Chris Loh  -  234 words
    • TIME OFF
      • Article, Illustration
        Introducing the new Hearthrob
        790 25  -  Shahiron Sahari goes in search of some excitement at Scotts Road Shahiron Sahari WHEN a couple of former Playboy centrefolds took to the stage at Hearthrob, it was a significant moment for this nightspot in the Melia-at-Scotts hotel. This former haunt for oldies in search of
        790 words
      • Article, Illustration
        Up on the roof
        919 25 I'D BEEN at the Hearthrob for a while, and dccidcd that after staring at a sea of long-sleeved shirts and trousers. I needed a change of scene. Heading down Scotts Road. I passed Chinoiserie. Brannigan's and Fabrice's more of the same. That left only Far East
        919 words
      • Article
        PERFORMANCES
        535 25 Grease This is the Tony Award hit and the inspiration for one of the highest grossing movies ever made. Set in the 1950's it's the story of Danny, leader of a boys' gang, and Sandy, a sweet innocent who joins the Pink Ladies gang. Kallang Theatre, from today through
        535 words
      • Article
        CONCERTS
        49 25 SSO Music and Literature A short talk by Thiru Kandiah will introduce the music of Telemann and Richard Strauss inspired by Cervantes' enduring her. Don Quixote. Victoria Concert Hall tonight at 8:15 pm. Tickets ats4. 57. $10. $15 and $25 are available at the Concert Hall Box OJJice.
        49 words
      • Article
        FILMS
        115 25 The First Emperor of China The life and times of Qin Shihuang is a tale of glory and terror with a cast of thousands. A lesson in history and a cultural journey through China as well as excellent entertainment, this panoramic Omnimax film uses the most advanced projector ever
        115 words
      • Article, Illustration
        EXHIBITIONS AND TALKS
        962 25 Peranakan Costumes: Splendour off a Bygone Era This is a talk, well illustrated with slides, given by Maya Jayapal and sponsored by the Friends of the National Museum in their excellent Friday morning series. National Museum Theatrette. March 19 at 9:30 and again at 11 am. Admission
        962 words
      • Article
        OUTDOOR AND FESTIVE EVENTS
        49 25 Hari Raya Light Up Geylang Serai will be lighted and decorated in celebration of Hari Raya. Joo Chiat Road, and both Changi and Geylang Roads from Jalan Eunos to Tanjong Katong Road 7 pm to midnight and until 2 am on Saturdays till Starch 28.
        49 words
      • Article
        BUY YOUR TICKETS NOW
        151 25 Elton John in Concert There will be two performances at the Indoor Stadium, on March 23 and 24 at Bpm. Tickets are already on sale at Sistic outlets at S5O. SBO. SI4O and S2OO. Singapore International film Festival Early postal bookings will be accepted on Monday
        151 words
    • EPICURE
      • Article, Illustration
        Dinner, dinner on the Wall
        1532 26  -  Mark Graham discovers many interesting, and sometimes even surprising, eating places now open to tourists in Beijing Mark Graham Mark Graham is a Hongkongbased writer who contributed this article to Executive Lifestyle LUNCH on the Great Wall, an afternoon snack in McDonald's, dinner at the
        Photos by Mark Graham  -  1,532 words
      • Article, Illustration
        Duck in three instalments
        612 26  -  Bon Appetit By SUSAN TSANG CHANG JIANG, in Goodwood Park Hotel, describes itself as a Chinese restaurant with a European accent. How appropriate then, that a selection of wines (South African) was included in its promotional menu. Our meal sampled their lobster, crispy duck and special
        612 words
      • Article
        Mad about mushrooms
        508 26  -  By SUSAN TSANG WE MAY NOT have a spring season to celebrate in Singapore, but Inagiku at the Westin Plaza is giving us something to shout about. In honour of that season of growth, the Japanese restaurant has come up with a giant mushroom promotion, featuring Shiitake
        508 words
    • Article, Illustration
      CINEMA
      1085 28 Accidental Hero. Dust in Hoffman plays a small-time thief who plays reluetant hero, and Andy Garcia is the imposter who reaps the glory. Geena Davis' TV journalist makes this an engaging study of America and its icons. Yishun 10: 12; 6.55; 11.50. A Few Good Men. Lgged on by
      1,085 words
  • Page 17 Advertisements
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      245 17 The Gift Voucher That Can Be Used In So Many Ways For mon information, cM 220 9433/223 8333 GEographique. AROUND THE WORLD IN 24 HOURS. H THE WORLD NEVER SEEN A WATCH QUITE the in k Settinc new standards in AUTOMATICALLY SIMPLICITY. TURN THE LEFTSHOWS THE LOCAL HAND CROWN UNTIL
      245 words
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      42 18 i Sign up and have jjjjj r l yip From jewellery-making to massage. From //jf/fy \t learning the secrets of better barbecues IIU V/ :to knowing the insides of your car. Take Mp j HER WORLD jflfl. MARCH MgWLiir ON SALE. V.
      42 words
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      Page 18 Advertisements Column 2
      32 18 i •B'l welcomes m* letters from you. tfl Please address them i|| to: The Editor, i|! Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should i|: include your I: contact numbers.
      32 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      49 18 Ili«™J P'UNG...»NVOIOMG.... PUOHMG... R6>L 6oys OU)M STUFF... ujhpiT p* DP\resTp»vp,»jG..'ceTßA ,'cen?A MS? A t ASSOCIATED H€W»A«P(S LTD IMI MM DOONESBURY GARRY TRUDEAU Htsuppwmx) J mjb. a:Lew-1 good dm, setmx! Mm S&S6NAKX rrs AMAZING I XJUO»rr<X- \HeADno&SB»\ THATSIT! NOW, ROLL Mttw I ctesmtA Qfj OVER AND ms! %ij 1 -iSrnM£s
      49 words
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      71 21 GIVING YOU THE WINNING EDGE 7 I I I awaits Asen» *J* a, *et *****food HU Feeding Asia's growing appetite Derivatives to the fore Vietnam's looming war of hotels Sembawang's engineering dream Where is the stock market headed? Tangle at Tanjong Rhu ISO 9000: No pain, no gain Should conveyancing
      71 words
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      Page 23 Advertisements Column 1
      162 23 I s h -^^Hoi oi ORIENT LUMUT^^^I i /S v V a Get away from it all to a place where you go slow because you want to and the only things found rushing around are the fish. From snorkcling and boating to jungle trekking and swimming, whether it's adventure
      162 words
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      35 24 The Aspiring seeks for opportunities in media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES Use the for more focused advertising. Toll free Tel No 1-800 737 0043 Fax No: 734 3698
      35 words
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      115 26 The wine column has been held over Club 1 < Barbecue Buffet l-lat as much as you can every Friday Saturday flHl|l%Ulr V jflj at the Poolsicie Tee-Off Cate M| %u| jnCL j S| I jet ween 6.3()pm to loxxjpm j|rLu|r\ Child 8.00 (child below 12 yrs old) jL I
      115 words
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      1067 27 pasJ NfllHlSltf BealsAßuL WHERE to wine, dine and entertain OF f" MGHIEA AT CAE CAROUSEL Adult $1080++ Child $&80++ You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes, at our high tea buffet. Only on Saturdays and Sundays from J 3pm to 5.30pm. f J
      1,067 words
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      Page 27 Advertisements Column 2
      375 27 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. fljf^] To add to your enjoyment, BfllO all these are well within your reach.
      375 words
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  • Page 28 Miscellaneous
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      Page 28 Miscellaneous Column 1
      2484 28 TODAY'S TV Saturday Socccr hal- 12.00 NNNews(M). ian Socccr 12.30 PM Educational Catatan Si Boy 4, 4pm, SBC 5 Wonders In China, 9am, SBC 8 1.00 Kelab Remaja Angkasaln this first sequel to Catatan This week, a trip to the famous cnrc Si Boy. Vera has succeeded as Luo She
      2,484 words