The Business Times, 1 August 1992
1992-08-01
1
32
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The Business Times
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Title Section17 1992-08-01 1 BUSINESS TIMES THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, August 1-2 1992 75*17 words
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NEWS & MARKETS
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60 1992-08-01 1 KATHMANDU A Thai Airways Airbus carrying 99 passengers and 14 crew crashcd in Nepal yesterday, about 100 km south of Katmandu. A senior police oflicial said the wreckage of the plane was reported by soldiers near the village of Aghor but it was60 words
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Article39 1992-08-01 1 JERUSALEM PLO leader Yasser Arafat, in his first interview with an Israeli newspaper in 10 years, said yesterday that he would be willing to meet new Israeli Prime Minister Yitzhak Rabin for peace talks.39 words
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Article28 1992-08-01 1 THE Dow Jones index of leading industrials opened slightly higher yesterday by 0.79 point (0.02 per cent) at 3,392.68 in the first five minutes of trading.28 words
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Article26 1992-08-01 1 LONDON share prices were lower at midday yesterday. At about 12:30 pm (1130 GMT), the FTSE 100-share index was down 11.4 points at 2,400.2.26 words
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Article, Illustration29 1992-08-01 1 Friday Change BT-MGA 699.50 +1.20 Kuala Lumpur ....601.53 +2.97 Tokyo 15,910.28 354.68 Hongkong 5,881.13 +51.30 Sydney „1,617.7 -3.3 Tlwnday Chaage New York 3,391.89 +12.70 London 1,807.9 -7.229 words
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Article19 1992-08-01 1 USS SS 1.6120 100 Yen SS 1.2658 Mmm MrM ralw 0 6442 Overnight 2-5/8 +2/8 3-montn 2-3/8 unch19 words
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Article36 1992-08-01 1 LM*M UM AM fix USS357.95 US$1.20 S'pore Aug... 143.50*/kg -0.25 NTsia Aug 221 Vkg unch KL Tin Turnover 44 tonnes -6 Spot.... MSl6.80/kg -0.09 Crwte pain ol Turnover 1,121 lots -174 Oct MJ826 /tonne -336 words
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606 1992-08-01 1 Genevieve Cua - Joint venture to recycle dangerous substances from Asia By Genevieve Cua SINGAPORE A Singa-pore-registered company has proposed a US$35O million (***** million) plant in Vietnam to handle thousands of tonnes of toxic waste largely from other Asian countries. Foreign firms would pay606 words
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Article, Illustration351 1992-08-01 1 Lee Han Shih - By Lee Han Shih SINGAPORE Singapore is reaping benefits from its investment guarantee arrangements with China. A Hongkong merchant bank, which is 50 per cent owned by United Overseas Bank, is raising up to HKS3OO million (5562.5 million) to invest in China through351 words
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425 1992-08-01 1 Colin Tan - Construction sites won't get more foreign workers By Colin Tan SINGAPORE Talk that more foreign workers will soon be allowed on construction sites was yesterday denied by the Ministry of Labour (MOL). A spokeswoman for MOL said no plans have been425 words
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325 1992-08-01 1 Dexter Lee - By Dexter Lee SINGAPORE Minority shareholders of companies in Singapore will soon have a bigger say in corporate matters if a Bill introduced by Finance Minister Dr Richard Hu yesterday is passed. The Bill seeks to amend several sections325 words
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104 1992-08-01 1 Reuter WASHINGTON Orders received by US factories posted their biggest gain of 2.3 per cent to U*****.21 billion (*****.7 billion) in nearly a year in June. Another indicator, US consumer spending, rose 0.5 per cent during the same period while household incomeReuter - 104 words
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Page 1 Advertisements
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Advertisement198 1992-08-01 1 Nikon T»t»»ikr>Hwi HioteypNc t A strong case COVER industry? el i KL tourism campaign KUALA LUMPUR launches today an ambitious campaign to woo up to 7.9 million tourists by designating 1994 a Visit Malaysia Year Page 2 UOB interim up 11.8pc UNITED Overseas Bank reported yesterday a 11.8 per cent198 words
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Advertisement10 1992-08-01 1 VIEWPOINT Speaker Tan Soo Khoon has his say el 310 words
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Advertisement167 1992-08-01 1 PURSUITS Is Basic Instinct worth all that fuss? EL 6 Since 1735 there has never been a quartz Blancpain watch. And there never will be. i gs HS W if i N I r > Model shown: 6595 1418 58 JR. BlancpaiN Faithful to the traditional art of watchmaking, each167 words
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Advertisement10 1992-08-01 1 PURSUITS Rainforest adventures el 7 Opel's two gems el 710 words
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Advertisement55 1992-08-01 1 Nikon Thi Wtond rMMK Wioiojnpnic ay»w"»' I KJIvSE s second els E Investing abroad el 9 YESTERDAY IN PARLIAMENT New tax agency won't incur more costs; Govt to study idea of varying Parf according to age of car, Back Page HOCK LOCK SIEW A shame for EMS shareholders to blow55 words
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PAGE 2 NEWS
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SINGAPORE ROUNDUP
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123 1992-08-01 2 A GROUP led by Dr Cheng Tim Jiam has broken away from the Singapore Kiung Chow Hwee Kuan and reconstituted a Hainanese youth and cultural group, the Kheng Chew Junior Association, as the Singapore Hainan Society. When the idea was mooted in April last year,123 words
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Article37 1992-08-01 2 NANYANG Technological University (NTU) will hold its first convocation on Aug 5 and 6, giving out degrees to 1,355 graduates. President Wee Kim Wee, Chancellor of NTU, will preside over the first day's ceremony.37 words
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Article81 1992-08-01 2 STUDENTS from Nanyang Technological University's electrical electronic engineering club have raised $35,000 for a dialysis machine, donated last night to Dr Khoo Oon Teik, chairman of the National Kidney Foundation. The machine will be used by six patients on the foundation's subsidised dialysis programme. In a81 words
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Article80 1992-08-01 2 THE Ministry of Labour will introduce a safety course in October for power press operators and supervisors. The Parliamentary Secretary for Labour, Dr Ong Chit Chung, told a seminar yesterday that mishaps involving power presses comprised a quarter of all accidents last year which led80 words
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Article40 1992-08-01 2 SINGAPORE Yamaha Music School, organiser of the South-east Asia Electone Festival Finals '92, which started yesterday at the World Trade Centre, has donated the proceeds from the event, about $30,000, to the National Arts Council Endowment Fund.40 words
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Article70 1992-08-01 2 THE import and registration of used vehicles more than three years old will not be allowed from Sep 1, the Registry of Vehicles said yesterday. Also, self-imported used cars will no longer be exempt from the $10,000 surcharge on imported used cars. A self-imported used70 words
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336 1992-08-01 2 17-month global publicity blitz to sell 1994 as Visit Malaysia Year AFP KUALA LUMPUR Malaysia is to launch a second and more aggressive bid for the lucrative tourist dollar by designating 1994 a Visit Malaysia Year to woo up to 7.9 million foreigners,AFP - 336 words
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327 1992-08-01 2 Lee Han Shih - By Lee Han Shih SINGAPORE Some 70 per cent of an apartment block being developed by banker Wee Cho Yaw's family company has been sold to a group of Hongkong tycoons. The group includes the Kwok family of Sun Hung327 words
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Article, Illustration278 1992-08-01 2 SINGAPORE Indonesian business patriarch William Soeryadjaya has confirmed that well-known economist Sumitro Djojohadikusumo will replace him as chairman of PT Astra International, that country's second-largest business conglomerate. Mr Soeryadjaya told reporters in Jakarta on Thursday that he was stepping down to278 words
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334 1992-08-01 2 Harish Mehta - Tie-up on shortlist of 160 m global tender By Harish Mehta SINGAPORE A Singapore Telecom International (STI) joint venture stands a good chance of winning a piece of a 160 million global tender to provide mobile phone systems for four Indian334 words
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456 1992-08-01 2 Reuter SAN FRANCISCO The world's semiconductor industry, led by US chip makers, is poised to emerge from a four-year slowdown, according to analysts and executives. Increasing demand for more sophisticated graphics capabilities in computers and growing chip usage inReuter - 456 words
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364 1992-08-01 2 Harish Mehta - By Harish Mehta SINGAPORE A Singaporean and his Cambodian business partner plan to invest about Ssl2 million to build a luxury hotel in Phnom Penh the latest hotel venture to be approved by the Hun Sen regime. Singaporean Sim Ping Sai364 words
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Article, Illustration348 1992-08-01 2 Ramesh Divyanathan - By Ramesh Divyanathan SINGAPORE Listed Thai telecommunications giant, Shinawatra Computer and Communications Group, will benefit from the five new private television networks that have been approved by Thailand's Cabinet. The company's president, Chirdsak Kukiattinun, said this at yesterday's signing ceremony here348 words
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Page 2 Advertisements
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Advertisement178 1992-08-01 2 BUS 1 N E S S T I M E S -tr— TM Wo 73T OQ*3 Ftx No: 734 -MM I MUENCHENER RUECKVERSICHERUNCS- I I CESELLSCHAFT M I SINGAPORE BRANCH I An established German reinsurance I I multinational Group is inviting I applications from corporate-minded I candidates seeking steady career178 words
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COMPANY NEWS 1
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370 1992-08-01 3 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE United Overseas Bank has reported an increase of 11.8 per cent in group net earnings to 162.6 million for the six months ended June 30, 1992. The unaudited net profit, arrived at after providing for taxes, diminution370 words
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Article, Illustration235 1992-08-01 3 Sylvia Wong - By Sylvia Wong SINGAPORE Supermarket operator Cold Storage Holdings (CSH) Ltd plans to sub-franchise 30 of its 64 7-Eleven convenience stores to its staff and "qualified applicants" over the next two years. The first franchise will be awarded today to a former store235 words
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311 1992-08-01 3 SINGAPORE Higher interest costs took a huge bite off Beijaya Group Bhd's net earnings, which shrank 67 per cent to M 58.19 million (555.24 million) in the year ended April 30, from M 524.67 million the year before. After extraordinary items,311 words
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638 1992-08-01 3 William Chia - THE HOCK LOCK SIEW COLUMN By William Chia SINGAPORE Shareholders of troubled Electro Magnetic (S) Ltd may well be tempted to yield to emotion and sell off their stakes in the restructured video cassette maker when it returns to the638 words
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426 1992-08-01 3 Conrad Raj - By Conrad Raj SINGAPORE Jurong Shipyard Ltd is to re-empha-sise shipbuilding, something which it had neglected in the past, and hopes to have one or two new buildings in the bag in the current half. Company chairman Lua Cheng Eng disclosed this when426 words
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156 1992-08-01 3 SINGAPORE JC-MPH's offer to take over Boustead pk is now unconditional as the company has gained a controlling interest in the UK-based company. JC-MPH announced that it now owns 34.5 million Boustead shares, representing 52.5 per cent of the company's issued share capital.156 words
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235 1992-08-01 3 SINGAPORE The salary of a new subsidiary's chief executive officer and raises for working directors caused Causeway Investment's directors' remuneration to jump $143,000 to $731,000 in 1991, the company told the stock exchange. The Stock Exchange of Singapore had asked Causeway to235 words
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COMPANY BRIEFS
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86 1992-08-01 3 SINGAPORE Development and Commercial Bank has reported a jump of 68.2 per cent in group earnings to M 535.73 million for the six months ended June 30, 1992. At the bank level, net earnings totalled M 531.53 million (5520.17 million), up 10386 words
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Article51 1992-08-01 3 SINGAPORE The Stock Exchange of Singapore, invoking the Corporate Disclosure Policy, has queried Shangri-La Hotel Ltd about the proposed listing of a Robert Kuok company in Hongkong, which could lead to a huge windfall for Shangri-La. The news received coverage in the Hongkong media and in BT51 words
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Article45 1992-08-01 3 SINGAPORE DBS Asset Management Ltd bought 25,000 shares in Tat Lee Bank for $78,371.54 on Wednesday, DBS said yesterday. Its shareholding in Tat Lee has thus increased from 13.43 per cent of Tat Lee's issued capital to 13.44 per cent.45 words
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Article64 1992-08-01 3 SINGAPORE Superior Metal Printing reported a 5.3 per cent rise in net earnings to $1.28 million for the interim period ended June 30, on the back of a 4.1 per cent fall in turnover to $14.34 million. Profit before tax and minority interests rose 6.5 per64 words
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Article27 1992-08-01 3 SINGAPORE L&M Group Investments Ltd announced yesterday that Sim Cheng Chye and Prof Lee Seng Lip have resigned as directors of the company.27 words
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Article84 1992-08-01 3 SINGAPORE Hotel Plaza Ltd has appointed Lim Associates (Pte) Ltd as its new share registrar, in place of UOB Management Services Pte Ltd. The change takes effect on Sep 1, when all transfers, transfer documents, notices, correspondence and enquiries relating to share registration should be channelled84 words
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Article49 1992-08-01 3 IN response to a BT article dated July 28, Pacific Can Investment Holdings Ltd clarified yesterday that it was a substantial holder, Low Hua Kin, who was deemed to have an interest of 8.847 million shares or 12.85 per cent at PCIH, and not Kumagai Investments.49 words
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COMPANY BRIEFS
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95 1992-08-01 4 MANILA Beer-based Philippine multinational San Miguel Corp posted a 1.56 billion peso (5593.6 million) profit in the first six months of 1992, up 3 per cent from a year ago, a company official said yesterday. Consolidated net income actually rose by95 words
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Article56 1992-08-01 4 SINGAPORE A potential copper deposit of 467 million tonnes has been found in Grasberg, Irian Jaya, adjacent to Papua New Guinea, the Jakarta Post said yesterday. P T Freeport Indonesia Inc, which discovered the Indonesian deposit, said on Wednesday that the new reserves could be mined56 words
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Article83 1992-08-01 4 TOKYO: Japan's Sony Corp and Texas Instruments Inc of the US have started jointly developing a next-generation computer microchip for processing video signals, a leading paper reported yesterday. The Asahi Shimbun quoted sources concerned as saying that two electronics giants are developing a chip that83 words
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Article69 1992-08-01 4 CHICAGO UAL, the parent company of United Airlines, reported on Thursday a net loss of US$95.l million (S$ 155.9 million) in the second quarter of this year, against ja profit of U5552.7 million in the same period of 1991. -Losses per share in the three months69 words
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Article, Illustration54 1992-08-01 4 TOKYO The new Kyocera solar-powered car named "Son of Sun". It is an improved version of the existing solar car "Blue Eagle". The new single-seater is designed to achieve a maximum speed of llOkph by using a nickellead battery and single54 words
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269 1992-08-01 4 Salil Tripathi - By Salil Tripathi SINGAPORE Apple will be manufacturing its Macintosh line of computers in India within a year. Its partner is an as-yet-unnamed American multinational, and Apple's initial equity is understood to be US$lO million (Ssl6 million). The secretary of the269 words
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311 1992-08-01 4 South China Morning Post HONGKONG The Sino group is looking to invest in more hotels in Asia to complement its four in Hongkong, which together account for 7 per cent of the territory's supply of hotel rooms. Charles Lee, assistant generalSouth China Morning Post - 311 words
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309 1992-08-01 4 Reuter NEW YORK International Business Machines Corp said on Thursday it expects 1992 sales growth in the United States to match or exceed that of the computer industry as a whole. "We expect to grow with or better than the industryReuter - 309 words
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166 1992-08-01 4 Reuter ZURICH Swiss national carrier Swissair-Schweizer-ische Luftverkehr AG is confident its 1992 result would be around 1991 levels. "Swissair is confident it can achieve a 1992 result around that of last year,** it said in a statement on its first half results. Swissair inReuter - 166 words
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Article, Illustration350 1992-08-01 4 Hiving off of bioscience arm seen as takeover defence Reuter LONDON Imperial Chemical Industries pic's plan to hive off its fast-grow-ing bioscience business into a separate company could prompt a major pharmaceuticals merger or takeover, analysts said this week. "It'sReuter - 350 words
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487 1992-08-01 4 FT LONDON After spinning off ICI Bio, the new ICI will be left with a mixed bag of high-volume, capital-inten-sive and very cyclical businesses. They were highly profitable in the chemicals boom of the late 1980s but worldwide over-capacity in bulk chemical manufacturingFT - 487 words
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619 1992-08-01 4 MARKET TALK Reuter COLOMBO Sri Lanka's small but once-booming stock market has suffered from a lack of cash among investors, slack interest from abroad and overpriced shares after a six-month bull run, brokers and exchange officials say. They said the slump, whichReuter - 619 words
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Page 3 Advertisements
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Advertisement45 1992-08-01 3 IN THE MARKET PAGES: ill Bulls boost Shenzhen 14 Australia bucks trend 16 [SINGAPORE] ,=u= K1 Hl^B/ fl^^ST MH| jHUHI HHH S^^m>.- .< £r<r'f*'l -j Made-to-order HnmKmh|l A love-hate affair yobs with Vietnam VV$: 'V '«>•• S Uffiß^E How 6 companies became world contenders ■£jg&, ON SALE45 words
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Page 4 Advertisements
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Advertisement462 1992-08-01 4 Jurong Shipyard Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Directors of Jurong Shipyard Limited announce the following unaudited results of the Group and the Company for the half year ended 30 June 1992: Company Group 1992 1991 1992 1991 $'000 $'000 $'000 $'000 Turnover 198,697 232,145 -14% 208,456462 words
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FINANCIAL NEWS
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Article, Illustration696 1992-08-01 5 AP AFP NEW YORK The Bank of Credit and Commerce International bribed central banks and regulators in Pakistan, Peru, Argentina and seven African countries to win preferential treatment, according to an indictment unveiled on Wednesday. The charges were contained in a sweeping New YorkAP; AFP - 696 words
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325 1992-08-01 5 Dawn Tan - By Dawn Tan SINGAPORE Leading British fund manager Templeton, Galbraith Hansberger Ltd yesterday released details of its merger with Franklin Resources Inc, one of the largest mutual fund managers in the US. Templeton will operate as an independent subsidiary of325 words
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Article, Illustration513 1992-08-01 5 DBS Bank weekly currency review US$/DM: dollar in bear clutches again? AFTER reaching a high of 1.4988 marks on Monday, the US dollar attempted the downside of its range at 1.4708 on Wednesday before consolidating within the range of 1.4700 to 1.5000513 words
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383 1992-08-01 5 AP WASHINGTON A US judge has ordered the forfeiture of US$lO4 million (S$ 167.4 million) that the government said Abu Dhabi's ruling family had invested in the failed Bank of Credit and Commerce International. District Judge Joyce Hens Green, in an order signedAP - 383 words
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412 1992-08-01 5 Reuter ZURICH Major Swiss banks, reporting mixed firsthalf results, warned on Thursday that high interest rates and sluggish industrial world economies would require higher provisions than expected this year. Swiss Bank Corp, the country's second largest bank, announced its group gross operatingReuter - 412 words
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SMALL CHANGE
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98 1992-08-01 5 BANGKOK The Thai Farmers Bank Ltd yesterday announced a one-for-seven rights issue of 10 million, 100-baht: par shares, offered at par to shareholders registered by noon on Sep 4. Payment for the issue is due on Sep 25-Oct 9. Thai Farmers closed at 48098 words
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Article81 1992-08-01 5 LONDON Lloyds Bank pic yesterday announced a pre-tax profit of £369 million for the first half of 1992, compared with £331 million in the same period a year earlier. The latest figure exceeded analysts' forecasts of first-half profits of £302 million. The bank reported81 words
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Article92 1992-08-01 5 LONDON The government granted approval on Thursday for the Chicago Board of Trade (CBOT) to offer futures and options contracts on US Treasury securities on an afterhours computer network. The entry into the United Kingdom by Globex, the after-hours trading network, marks the latest step in92 words
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Article, Illustration102 1992-08-01 5 WASHINGTON American banks' exposure to troubled real estate concern Olympia and York (O&Y) is roughly US$2 billion, Federal Reserve governor John LaWare said on Thursday. He told the House Banking Committee that six banks account for a significant part of the total exposure but none102 words
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Article59 1992-08-01 5 TOKYO Japanese trust banks are considering raising subordinated funds from insurance firms in an attempt to raise capital ratios ahead of their semi-annual book closing at end-September, bankers said yesterday. Trust banks previous* ly had relatively high capital ratios compared to commercial banks, but the59 words
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343 1992-08-01 5 Reuter SYDNEY Australian companies repairing debtscarred balance sheets are spurning the chance to issue bonds at the cheapest rates in 20 years, analysts said. They said although long interest rates were at the lowest level since 1973, major corporate borrowers such as banksReuter - 343 words
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559 1992-08-01 5 Reuter RIYADH Saudi Arabia's banks, with some notable exceptions. have rarely had it so good. Bankers in the kingdom said the well-publicised troubles of the country's largest bank, the National Commercial Bank (NCB), were the exception. The system has shown remarkable buoyancyReuter - 559 words
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Page 6 Advertisements
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Advertisement198 1992-08-01 6 Business Before Breakfast HJj. WM To look good in business. Business Times gives you all foot in the office. You may even or The HPL/UOB VISA Gold you'd do well to pay careful atten- the news you need: local, regional know a couple of things your boss Card that would198 words
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THE REGION/THE WORLD
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458 1992-08-01 7 But economy still looks good despite tough first half AFP Knight Ridder BANGKOK The Thai economy is in better than expected shape after a difficult first six months which included the introduction of a new value-added tax and a violent politicalAFP; Knight Ridder - 458 words
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264 1992-08-01 7 AFP BANGKOK Talks here between the European Community and Thailand on their thorny copyrights dispute ended in deadlock, it was reported yesterday. The EC is demanding from Thailand a massive and swift reduction in copyright piracy, according to local press reports. It wants to seeAFP - 264 words
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Article, Illustration379 1992-08-01 7 Reuter MANILA The Philippines plans to lift all restrictions on foreign exchange transactions linked to the current account by the year end, central bank Governor Jose Cuisia said on Thursday. The move is in line with government objectives to encourage exports andReuter - 379 words
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188 1992-08-01 7 Bloomberg HONGKONG The Hongkong government released its final revenue and expenditure figures for the year ended March 31, 1992, yesterday. The government's surplus for the year was HK522.5 billion (554.7 billion). Total revenue was HKSU4.7 billion and total expenditure came to HK592.2 billion, theBloomberg - 188 words
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308 1992-08-01 7 AFP Reuter JAKARTA Thousands of Indonesians demonstrated in the ancient capital of Yogyakarta on Thursday against new traffic laws which set fines equivalent to the average annual income just for not wearing a seat belt. Press reports said 12,000 protesters marched to theAFP; Reuter - 308 words
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402 1992-08-01 7 Reuter SEOUL South Korea yesterday released economic indicators showing a decline in the rate of inflation and a narrowing current account deficit, but economists warned the country was still on the brink of recession. The central Bank of Korea (BoK) said the current accountReuter - 402 words
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NOTE BOOK
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104 1992-08-01 7 KUALA LUMPUR A Malaysian Cabinet minister said a local environmental group's decision to start a worldwide boycott of goods produced by Japan's Mitsubishi Corp was wrong, news reports said yesterday. Mitsubishi, a leading automobile and electronic goods manufacturer, is one of the largest104 words
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Article60 1992-08-01 7 MANILA The Philippine Senate is opposing a 128.7-bil-lion-peso (5J7.98 billion) debt service included in the Ramos Administration's 1993 budget proposal, reported the Philippine Daily Inquirer yesterday. The amount is 14.2 billion pesos more than the 1992 debt service of 114.5 billion pesos. About 75 per cent60 words
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Article67 1992-08-01 7 CANBERRA The Australian government yesterday reported a budget deficit of A 59.339 billion (S$ 11.197 billion) in the fiscal year ended June 30. The outcome is A 54.607 billion (or 97.4 per cent) higher than what the government estimated in its 1991-92 budget compiled in67 words
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Article63 1992-08-01 7 HANOI Vietnam yesterday signed its first environmental protection project agreement with the United Nations Development Programme (UNDP) under the international Global Environment Facility (GEF) programme. The document, which was signed by Vietnamese Forestry Minister Phan Xuan Dot, and UNDP representative Liuga Faumui, provided about US$3 million63 words
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Article32 1992-08-01 7 MANILA The Philippine Congress yesterday approved an amnesty for 4,485 former communist guerillas and Muslim secessionists, and endorsed the legalisation of the outlawed Communist Party of the Philippines.32 words
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Article, Illustration59 1992-08-01 7 mergency workers surrounding the charred wreckage of a TWA LrlOll sitting at John F Kennedy Airport in New York on Thursday. The plane veered off the runway during an aborted takeoff and burst into flames. All 275 passengers and 12 crew were evacuated, with 57 people59 words
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468 1992-08-01 7 AP WASHINGTON The World Bank, biggest source of loans to countries needing aid, has been getting more money back from borrowers than it has been lending for the past five years. On Thursday, the bank reported a net inflow ofAP - 468 words
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Page 7 Advertisements
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Advertisement106 1992-08-01 7 Yes, I'd Like To Do Business Before Breakfast. Please send me a 1-year home subscription of Business Times. I'd also like to enjoy a year's membership benefits _{rY* r '-Tf of The HPL Privilege Card or The HPL/UOB VISA Gold Card offering discounts of up to 40% in over 80106 words
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THE WORLD
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WORLD WATCH
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96 1992-08-01 8 TOKYO Japanese consumer prices in June fell 0.1 per cent from May, but were up 2.3 per cent from a year earlier, the Management and Coordination Agency said yesterday. They compared with a 0.1 per cent rise in May from April, and with96 words
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Article77 1992-08-01 8 PARIS France will test farm products imported from Japan for radioactivity from today in retaliation for Japan's refusal to drop its own tests on French food imports, a French agriculture ministry spokeswoman said. "The government told importers they will need a certificate that food imports77 words
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Article, Illustration63 1992-08-01 8 BOGOTA, Colombia Soldiers and police raided houses and searched vehicles in Colombia's second city of Medellin on Thursday, hunting for fugitive drug lord Pablo Escobar, police sources said. Escobar and nine of his lieutenants escaped from prison last week. Cotombian police searching a motorist on63 words
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Article50 1992-08-01 8 MOSCOW Russia's privatisation programme is the best insurance yet against another coup d'etat, the official heading the state sell-off said on Thursday. "We have only one guarantee against political force majeur and that is the implementation of a nationwide privatisation plan," Privatisation Minister Anatoly Chubais said.50 words
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420 1992-08-01 8 Commerce Dept says contraction was for 9 months, not 6 Reuter WASHINGTON A new report showing the US economy fell into a deeper slump than first believed may help explain why Americans are so gloomy even though Bush Administration officials are upbeat about theReuter - 420 words
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310 1992-08-01 8 AP WASHINGTON Top Pentagon and Russian officials signed an agreement at the Pentagon on Thursday to use US$25 million (Ss4o million) set aside by Congress for the destruction of Russian chemical weapons, a Pentagon spokesman announced. The money isAP - 310 words
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469 1992-08-01 8 Reuter TOKYO Japan's chronic labour shortage, which is not yet showing any sign of easing despite the nation's slowing economy, could finally be about to crack. The government's Management and Coordination Agency yesterday released figures showing that the number of job seekersReuter - 469 words
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SHIPS IN PORT
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Article452 1992-08-01 8 »«wl Voy Kb Berth Arhrd Pqatoi VwmI Voy N» B«rth Antal Quartet Marina Terminal 1 Sawbawang Terminal Batam Ma«j *****2 MOS akx«sde 01.08/2300 Chetoo 8S SOI atone* 31.07/2300 Batam Mum *****2 M04 atongside 31.07/2300 Hosiio Mm 9230N S04 atongside 31.07/2300 Batam Sayang *****2 M04 atongside 31.07/2300 Vlnta452 words
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Article1182 1992-08-01 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Record Bodunc/Babnce Rdts SNp Voy No Etb/Btr Period From To From to Jade 96A 02/0700 1 31/1500 31/1659 31/1900 3 01/0700 01/1159 01/1400 to VMet 10A 02/1145 2 31/1700 01/0659 01/0900 4 01/1200 01/1459 01/1700 Aft Mrade 05/142 02/1200 11,182 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4050 1992-08-01 9 S N Vasuki - By S N Vasuki THE SINGAPORE stock market crossed its first technical hurdle towards a sustained rally yesterday with the benchmark Straits Times Industrials Index staying above the 1,450 level in quiet trading. It was a day of small ups and downs4,050 words
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Article, Illustration67 1992-08-01 9 Anthony Pang - 'By Anthony Pang Comment i THE UPTREND that began in October appears to be intact. Pull backs have been mild and higher peaks have been achieved. As short- and long-term RSI are still at healthy levels, more gain* are in store. Resistance is expected at $1.50, the levelSOURCE: BRIDGE INFO - 67 words
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Article2996 1992-08-01 10 Prima 660 +40 +6.5% SLA Foreign 1760 +30 +1.7% SPH Foreign 1330 +30 +2.3% DBS Foreign 1370 20 +1.5% BAT 21* 590 +15 +2.6% DBS 1150 +10 +0.9% King! 204 +10 +5.2% OCBC Foreign 1350 +10 +0.7% Robinson 635 +10 +1.6% S1A 1390 +10 +0.7%2,996 words
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Page 10 Advertisements
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Advertisement135 1992-08-01 10 Shinel YOUR KEY TO BETTERBUSINESS DECISIONS! Shine is Singapore Press Holdings' inforich database financial statements highlights, graphs, latest results team: T. S. Lui on 740 1035, Hazel Ong on 740 1771 or on Teleview, which incidentally is the most advanced and company news. Tony Chta on 740 1033. videotext system135 words
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Article3286 1992-08-01 11 Sungei Way 212 +18 +9.3% Tasek Cement 290 +18 6.6% Sime Darby 50* 248 +12 +5.1% Ganda Hldgs 93tt +7 +8.1% UMW 286 +7 +2.5% Tongkah Hldgs 133 +6 +4.7% FACB 50* 25W +5 +24.4% Sd Properties 81 +5 +6.6% Beijaya Leisure 144 +4 +2.9%3,286 words
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Page 11 Advertisements
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Advertisement50 1992-08-01 11 Actresses trade blows in studio Leading lady is kept woman Rising star accused of molest MM X'.'[ These are some of the scandals and rumours involving SBC artists. Who leak these stories? i V .."f.i"* A behind-the-screen look at back-biting fflfgd new at Caldecott Hill. l£i newsy In the Weekender50 words
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BT SHARE INFORMATION SERVICE
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Article317 1992-08-01 12 Ceepaey Date Ymt Growp M Itet earnings 6ms •M to pr«fK/lMS (L) ptr slur* dMd**d COM) (cants) CK Tang Jul 23 Mar 92 $3,802(16.552) 92(168) 6(6) Causeway Jul 22 Dec 91 $358L ($1,808) —(58) J Cement Jul 22 Mar 92 $10,044(13.126) 28 5(8.9) 125(7.5) Asia Pac Ld Jul317 words
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Article200 1992-08-01 12 Cif—y Date Yaar Craap pre-tax Mat earnings Gross aaa ta profit/loss (L) par sfcara <M4aad COM) (cants) St Tyr** Jul 30 Apr 92 $3,111($3,048) 4.6(5.3) 5(—) Rash id Hussain Jul 24 M«y 92 M$68.279( $68,223) 24.4(33) 5(5) VTL Corpn Jul 24 Jun 92 M$42,505($30,951) 17.3(13.6) 10(10) Sn Hirtamis200 words
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Article248 1992-08-01 12 CMpaqr Data HaN-yMr Crwip pro-tax Interim mm to profit/lots (L) flyMwri COM) BAT Jul 30 Jon 92 $22,862(122.102) 61 9(61 9) IC8 Jul 30 Jun 92 $16,531c ($18,626c) 4(4) SNP Jul 30 Jun 92 $1,599($1,478) IXX Jul 30 Jun 92 $2.677($4,261) Land A General Jul 29 Jun 92248 words
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Article108 1992-08-01 12 Bitot Sembawanf Estates Ltd: 26th AGM EGM at the Summit Room, Valey Wing, Lobby Level, Valley Wing, Shangri-La Hotel Ltd, 22 Orange Grove Road, Singapore 1025, on Friday, August 7, at noon Overseas Union Trust Ltd: EGM at the Board Room, 45th Storey, OUB Cento, Jo, Raffles Place,108 words
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Article90 1992-08-01 12 Con version Special Trdg Scriptew Coawiioe deadline Period Trading Company starts (IDP) (ST) *tart» Amcol Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 ANA Hoteb Jul 31 Aug 27 Aug 17 Aug 27 At« 2«„t.V^ Harimau Jul 17 Aug 13 Jul 31 Aug 13 Aug 1490 words
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314 1992-08-01 12 la load am In S$ US$ dy yr dy yr %4y%pJ«ty 30 Index chge chge chjt chy dgt djt" World 374.3 0.4 -8.3 0.2 -8.6 0.1 41.3 *EAFE 427.2 0.5 -14.9 0.3 -14.7 0.2 -14:4 Europe 403.2 -0.4 -2.0 -0.9 0.2 -1.0 06 Pacific 597.4314 words
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Article565 1992-08-01 12 CwtmI Ex Mu Data Tatal tar Tatal far HP—I data daaa payaMa tfca year last year Nai Hdgs 50c 6%(b) Ai« 26 Sap 7 Sep 24 6% 6% Anicd 25c 10% A* 21 Ai« 27 Sep 10 10% 10% Ada He Ld SOc 2%(b) M 23 Aug 6565 words
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Article422 1992-08-01 12 Company Mfhts Issuo Eh Y» Sm| Three-fw-one a SI OS per store Ex-date: Jun 17 Books One; Jun 27 Acceptance A Payment Aug 3 MM Threetor-tour at M$100 per share Ex-date Jun 9 Books dose: Jun 24 Acceptance I Payment Am 7 S France One-tortwo SI 10 per422 words
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Article428 1992-08-01 12 Jul 30 DBS Bank has bought 24,000 Tat Lee Bank shares for $74,770, raising its stake in Tat Lee Bank to 13.43 per cent. Dutfop Estates Bhd has agreed to sell its entire stake in Malaysia Vegetable Oil Refinery Sdn Bhd to Eng Lam Co for Mslo million.428 words
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Article, Illustration604 1992-08-01 12 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve asCHARTS BY BRIDGE - 604 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5231 1992-08-01 13 Bernama SHARE PRICES closed higher on the Kuala Lumpur Stock Exchange on strong buying support yesterday. The Composite Index gained 2.97 points to 601.53 and the Emas Index firmed 0.72 of a point to 146.11. The Industrial Index gained 6.86 points to 1015.48.Bernama - 5,231 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration1783 1992-08-01 14 Reuter BANGKOK stocks closed slightly higher yesterday on the expectation that secondquarter corporate results would not be as badly affected by May's civil unrest as previously thought, brokers said. The SET Index gained 4.76 points to 744.42 on a turnover ofReuter; Source: Bridge Info - 1,783 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration918 1992-08-01 14 JAKARTA share prices ended little changed in quiet half-day trade, brokers said. The BT-Pacific Index fell 4.28 points to 584.93. "There is no factor that can move the market. But banks are still attractive," one broker said. Lippo Bank closed SO rupiahSource: Bridge Info - 918 words
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CHINA STOCK EXCHANGES
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Article, Illustration357 1992-08-01 14 CLSA BULLISH sentiment continued to support strong buying in Shenzhen B shares market yesterday, lifting the CLSA Shenzhen B Index up 6 per cent to 1,849 points. Share price of Huafa B registered a 15.6 per cent jump to close atCLSA - 357 words
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Page 14 Advertisements
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Advertisement19 1992-08-01 14 NftT SURE WHERE T@ PUT Get the answer in Personal Investment Finance. Every Saturday in Business Times. Business Times19 words
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Advertisement14 1992-08-01 14 for more focused advertising. Toll free Tel No 737 0043 Fax No: 734 369814 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2621 1992-08-01 15 Reuter TOKYO stocks rose sharply for a second day with the Nikkei Average jumping 354.68 points to 15,910.28. Futures-led and technical buying provided most of the muscle, and selective orders for blue-chips trickled in as sentiment improved, but volume remained very thin, brokersReuter - 2,621 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2560 1992-08-01 15 Reuter HONGKONG stocks finished higher on selective bargain hunting in cautious trade yesterday, brokers said. The blue chip Hang Seng Index rose 51.30 points to end the month at 5,881.13. It touched an intra-day low of 5,805.97 shortly after the opening on follow-through sellingReuter - 2,560 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2103 1992-08-01 16 Bloomberg THE OUTLOOK for Australian shares next week looks uncertain after the market suffered losses yesterday despite strong performances in overseas bourses, traders said. "It was a very disappointing day," said Keith Trevallion, a dealer with James Capel. "We couldn't move up withBloomberg; Source: Bridge Info - 2,103 words
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REGIONAL STOCK MARKETS
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Taiwan stocks finish higher in active trade
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Article514 1992-08-01 16 TAIWAN SHARE prices ended higher across the board in active trade yesterday after early, strong buying in paper shares sparked bargain-hunting in other low-priced industrials, brokers said. "Hie Weighted Index surged 78.99 points to finish at 4,108.52. Turnover rose to NT$29 billion from Thursday's NT521.55 billion. Paper shares gave514 words
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Article825 1992-08-01 16 SEOUL STOCKS ended slightly higher yesterday, in the year's lowest full-day trade, as investors showed their lack of confidence by staying on the sidelines. The Composite Index rose 0.72 point to 509.95. Some 7.46 million shares valued at 9.41 billion won changed hands against 7.66 million and 9.52 billion825 words
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Article545 1992-08-01 16 SHARE PRICES rose slightly yesterday to follow the lead of the Dow, but the mood was dampened by profit-taking, brokers said. The Manila Stock Exchange Composite Index increased by 3.78 points to end at 1,499.50 from Thursday's close of 1,495.72. Losers edged out gainers 38 to 34. "Sentiment was545 words
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Article334 1992-08-01 16 SHARP GAINS in Telecom and Carter Holt Harvey jolted the market into action in busy trade, taking the NZSE-40 Capital Index up 2.21 per cent on the day. The index was 33.40 points higher at 1,547.57 on volume of 18.7 million shares worth NZ$32.l million. CHH, which had334 words
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Article67 1992-08-01 16 BOMBAY SHARE prices on Thursday drifted lower on the last day of the three-week account in anticipation of high carry-forward charges, brokers said. "The bulls are unloading because it doesn't make sense to pay high canyforward charges when the market is depressed," said a broker. The BSE Index dropped67 words
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Article51 1992-08-01 16 INDICES TURNOVER Clow Pwfaw July 31 NEW ZEALAMO NZSE-40 Capital 1,547.57 1,514.17 33,40 MANILA Composite Index 1,499.50 1,495.72 +3.7$ Turnover (mil pesos) 329.3 226.9 +I0j.4j TAIPEI Weighted Price Index 4,108.52 4,029.53 +7».99 Turnover (NTS billion) 29.0 21.55 +T.43 SEOUL Composite Stock Index 509.95 509.23 +0.72> Turnover (billion won) 9.41 9.5251 words
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WORLD STOCK MARKETS
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US stocks gain more ground in active trade
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Article, Illustration1425 1992-08-01 17 NEW YORK stocks gained more ground in active trading on Thursday as I fresh signs of economic recovery over- Came profit-taking that nearly forced rtie market to give back some of its iains from a two-day rally. The Dow Jones Industrial Average added 12.70 Ipoiats to 3,391.89, just1,425 words
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Article, Illustration773 1992-08-01 17 SHARES FAILED to follow through on their two-day advance on Thursday in London, despite new gains on Wall Street and a sparkling performance from market bellwether Imperial Chemical Industries after it announced plans for a demerger. The mood was soured by an interview in The Guardian newspaper in which773 words
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Article210 1992-08-01 17 THE FRANKFURT stock market followed up the previous day's gains by consolidating on Thursday, operators said, as the DAX Spot Trend Index dipped by 0.26 per cent to end at 1,623.99. The Commerzbank indicator was unchanged at 1,816.50 points. Operators said that even Wall Street's firmness did not encourage210 words
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Article332 1992-08-01 17 DUTCH SHARES started firmer on Thursday, but frittered away the gains as trade dropped off throughout the day, and closed lower. The EOE closed 1.02 lower at 290.02. Chemical shares DSM and Akzo were outstanding, and held the best of their gains to the close. DSM added 4.60 guilders332 words
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Article276 1992-08-01 17 A RENEWED bout of jitters about France's stance on the Maastricht Treaty knocked the Paris bourse off track on Thursday, ending the market's five-day upward advance. The CAC-40 lost 19.06 points to 1,782.57 on a volume of about 1.7 billion francs. Traders said weakness in the bond market, which276 words
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Article287 1992-08-01 17 SWISS SHARES ended a moderately active Thursday session lower. Banks and insurers suffered some profit-taking after recent strong gains while chemicals continued slightly higher. The AllShare SPI Index was 3.3 points lower at 1,137.9 while the SMI index of leading shares lost 6.6 to 1,806.1. Union Bank bearers slipped287 words
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Article168 1992-08-01 17 SWEDISH SHARES closed lower on Thursday due to profit-taking after three days of consecutive gains and general worries current prices were sustainable. The bourse All Share Index fell 0.65 per cent to 847.39, while the Top--16 Index shed 1.2 per cent. Turnover was moderately high and shares worth 374168 words
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Article460 1992-08-01 17 JOHANNESBURG SHARES closed firm, but off earlier highs on Thursday. Dealers said the market pared its gains on the back of a pull-back in London later in the day and ahead of President FW de Klerk pronouncements on the state of the nation and the mass action campaign on460 words
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Article282 1992-08-01 17 TORONTO STOCKS recovered from earlier losses on Thursday to end slightly higher after a session of featureless, lacklustre trade. "We've recovered slightly but we're only up by one which tells us Toronto isn't going anywhere," said a broker. The TSE 300 ended up 1.0 point at 3,425.6 on volume282 words
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Article74 1992-08-01 17 INDICES TURNOVER NEW YORK Close Previous July 30 Dow Jones SAP 500 Turnover (million) 3,391.89 3,379.19 +12.70 423.92 422.23 +1.69 193.41 275.85 -82.44 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,807.9 2,411.6 430.5 1.815.1 2.423.2 564.5 -7.2 11.6 -13.4 FRANKFURT DAX Index 1,623.99 1.628.15 -4.16 AMSTERDAM EOE Index 290.0274 words
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Article188 1992-08-01 17 Brussels July 30 Francs FORWARD MARKET Acec 2550 Arbed 3760 10 Astur 504 Brascan 440 2 Canpac 448 4 Cock 155 I De Beers 622 10 Ebcs 7730 GBelg(P) 1985 unch Gb-lnno-Bm 1432 14 Gcvacrt 6570 20 Gr Bru Lamb 3030 20 Hobok I'etro ***** 100 Ryl Dutch 2660 10188 words
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Page 17 Advertisements
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Advertisement16 1992-08-01 17 The Milan and Brussels market reports were not available. Advertising Marketing in Business Times every Thursday16 words
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CURRENCY, MONEY & FUTURES MARKETS
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1169 1992-08-01 18 REPORTS ASIA TOKYO: The US dollar was softer against the yen, but slightly up against the mark at the Tokyo close yesterday, compared with its Thursday New York closes, dealers said. The dollar ended at 127.30 yen and 1.4775 marks1,169 words
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Article385 1992-08-01 18 Cross rates Jui> 3i US$ S$ MS Dm Yen SFr AS NZS USS 1.6X30 2.5020 1.4760 127.70 0.5189 1.3120 1.3423 1.8349 SS 0.6200 1.5511 0.9151 79.1692 0.3217 0.8134 0.8322 1.1375 MS 0.3997 0.64 0.5899 51.0392 0.2074 0.5244 0.5365 0.7334 Dm 0.6775 1.0928 1.6951 86.52 0.3516 0.8889 0.9094385 words
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Article540 1992-08-01 18 Interbank rates S$ Bid Offer Overnight 2 5/8 2 3/4 1-month 2 5/16 2 7/16 2-month 2 5/16 2 7/16 3-month 2 3/8 2 1/2 Overnight mode: 2-7/16 USS Bid Offer 7 days 3 5/16 3 7/16 1 month 3 5/16 3 7/16 2 months 3 3/8 3540 words
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428 1992-08-01 18 Reuter TOKYO Japan's huge trade surpluses may encourage it to seek ways to boost the yen, not just against the US dollar but against a range of currencies. Dollar sales alone cannot create a stronger yen, dealers agree, but many wonder how effective theReuter - 428 words
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Article1510 1992-08-01 18 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/Int Sep 92 96.50 96.51 96.50 96.51 1000 2177 ***** Dec 92 96.15 96.15 96.13 96.15 3200 6018 ***** Mar 93 96.09 96.09 96.06 96.08 2450 4397 ***** Jun 93 95.76 95.76 95.75 95.76 1205 3490 4810 Sep 931,510 words
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Page 18 Advertisements
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Advertisement9 1992-08-01 18 S Innovation Technology in Business Times every Tuesday j9 words
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COMMODITIES
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254 1992-08-01 19 Reuter NEW YORK The financial strength of many of the world's major metals companies could continue to be pressured by last year's breakup of the Soviet Union, according to a Moody's Investors Service report. The nickel and aluminum "industries were cited in particular.Reuter - 254 words
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358 1992-08-01 19 Reuter RIO DE JANEIRO The leader of Brazil's cocoa producers said on Thursday he was frustrated and disappointed at the outcome of (his month's talks in Geneva 9n a new cocoa pact. The talks failed to reach ?n agreement on aReuter - 358 words
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772 1992-08-01 19 REPORTS THH price of tin on the Kuala Lumpur Tin Market was nine sen lower yesterday at M$ 16.80 a kg on heavy selling and buyers' reserve. Dealers said buyers were not keen to take fresh positions ahead of the weekend and772 words
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Article1561 1992-08-01 19 |3E! My Exdu Mft (Ml ires cM ng as at 1pm) HAS (physical prices) RSS 1 Cwrtract (S cents/kg) Buyers Sellers Close Volume Open As at 12 iwm (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Aug 92 140 75 I4I.75N Aug 92 Sep Nov Dec 0.001,561 words
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Page 19 Advertisements
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Advertisement431 1992-08-01 19 BUSINESS TIMES Toll fr— Trt No 737 0Q43 Fax Ho: 734 3086 W THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF COLEAOER SIN PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Matting of the mambara of tha abovenamed Company duly convenedand held on431 words
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Article, Illustration502 1992-08-01 20 Anna Teo - Yesterday in Parliament Bill to convert IRD into statutory board passed By Anna Teo THE autonomy given to the new Inland Revenue Authority of Singapore (Iras) to hire more staff, and at market rates, should not result in higher tax collection502 words
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255 1992-08-01 20 THE government will consider the feasibility of a suggestion that the sooner car owners scrap their cars, the higher the Preferential Additional Registration Fee (Parf) they will get. This idea of a graduated Parf scheme came from the255 words
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316 1992-08-01 20 Reuter WASHINGTON The United States has struck a breakthrough deal with Beijing to bar imports of goods made in Chinese jails, a top US State Department official said on Thursday. China has also decided to join a global copyright convention as partReuter - 316 words
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121 1992-08-01 20 Reuter HONGKONG Hongkong's Provisional Airport Authority (PAA) has selected the Airport Platform Contractors consortium for the HK$9.O4 billion (Ssl.9 billion) contract to build the massive airport project. The consortium partners include Japan's Nishimatsu Construction Co, the UK's Cos tain Civil Engineering Ltd aReuter - 121 words
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161 1992-08-01 20 AFP Reuter MOSCOW Russian Foreign Minister Andrei Kozyrev will soon resign in a move that would mark the "victory of conservative forces" in Russia, a newspaper reported yesterday. Nezavissimaya Gazeta claimed that the resignation of the 41-year-old Russian top diplomat was "inevitable" andAFP; Reuter - 161 words
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Article, Illustration153 1992-08-01 20 Dexter Lee - By Dexter Lee PARLIAMENT has approved a land reclamation project costing $169 million at Tuas for the proposed second road link to Malaysia. Minister for Law and Home Affairs S Jayakumar told the House the government had agreed with its153 words
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243 1992-08-01 20 THE Public Utilities Board's plan to build an 18-hole 120hectare golf course at the Lower Pierce Reservoir is still highly preliminary; nothing has been submitted to the Chief Planner for approval, said National Development Minister S Dhanabalan yesterday. Replying to Dr243 words
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Article, Illustration323 1992-08-01 20 Motorists advised to carry portable toilets AFP BANGKOK It's official. Bangkok traffic jams are a pain in the backside. Police have advised drivers in the snarled city to carry potties in case they are caught short during the long ride home from work. Bangkok hasAFP - 323 words
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PARLIAMENT BRIEFS
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110 1992-08-01 20 DEMAND for four-room and larger Housing Board flats jumped by 47 per cent between 1989 and 1991. Last year, HDB received 48,200 new applications for these flats, up from 35,100 in 1990 and 32,800 in 1989. The demand for five-room flats was especially110 words
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Article67 1992-08-01 20 HOUSING agents, hawkers, taxi-drivers and other self-em-ployed people will have to show proof of Medisave contributions to get a trade or professional licence. This is required under the Central Provident Fund (Amendment No 2) Bill for the collection of compulsory Medisave contributions from the self-employed. The Bill,67 words
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Article85 1992-08-01 20 LABOUR Minister Lee Boon Yang reaffirmed yesterday that the government has no intention to raise the present CPF withdrawal age of 55 years following the raising of the retirement age to 60 years. He was replying to Opposition MP Cheo Chai Chen. Dr Lee also85 words
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Article131 1992-08-01 20 OPPOSITION Member Chiam See Tong yesterday claimed he had been unable to carry out approved projects in Potong Pasir because the government kept making things difficult for him. The Potong Pasir MP told reporters he had to speak up because the Minister of State for National131 words
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Article49 1992-08-01 20 BESIDES the Companies (Amendment) Bill, five other Bills were also introduced at yesterday's sitting. They were the Endangered Species (Import and Export) (Amendment) BHI; Environmental Public Health (Amendment) Bill; Small Claims Tribunals (Amendment) Bill; Income Tax (Amendment No 2 Bill; and the Education Endowment Scheme Bill.49 words
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381 1992-08-01 20 Reuter NEW DELHI Police investigating India's US$l billion (S$ 1.6 billion) financial scandal raided another major company and a furious opposition accused the government yesterday of interfering in the inquiry af|er the chief investigator quit. The Central Bureau of Investigation (CBI) onReuter - 381 words
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290 1992-08-01 20 Reuter LONDON Sterling flashed a warning signal to the British government as it slid into the danger zone in Europe's exchange rate mechanism (ERM) yesterday. Jumpy foreign exchange dealers sold the currency on increasing concern that the lack of economic recovery mightReuter - 290 words
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Page 20 Advertisements
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Advertisement6 1992-08-01 20 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement6 1992-08-01 20 CHARTPOINT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1361 1992-08-01 21 Nirmal Ghosh - A year has passed since big plans for made-in-Singapore cinema were announced, but the local film industry is still chasing that dream. Nirmal Ghosh reports Nirmal Ghosh LAST YEAR, ambitious plans were announced about kick-starting a film industry in Singapore. Great stuff, said cynics who immediatelyJennifer Chua - 1,361 words
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STRAWS IN THE WIND
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Article65 1992-08-01 21 A COMPANY that was planning a fancy lunch for a VIP approached a hotel to cater the meal and told them that there was to be no pork or lard in the menu. Yes, of course, the hotel assured the company. But when the proposed menu arrived, the65 words
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Article66 1992-08-01 21 WITH the Singapore soccer team's dismal performance in the Malaysia Semi-Pro League this year, going to the National Stadium these days can be a rejuvenating experience for some. On the way to the Singapore-Selangor match last week, a Singapore fan was stopped by a friend who asked66 words
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Article74 1992-08-01 21 WITH Olympic victories won by hundredths and thousandths of a second these days, it is no wonder that male Olympic swimmers have taken to shaving body hair (as well as head hair, of course) and greasing themselves to reduce "frictional drag". So when the swimmers turned up at74 words
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OPINIONS
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Article, Illustration800 1992-08-01 22 Chuang Peck Ming - Statistics show that Singapore's first quarter inflation rate has fallen. Chuang Peck Ming examines the strategy used to bring inflation down, and whether it is really under control Chuang Peck Ming The writer is a BT correspondent TAMING inflation is a fundamental goal800 words
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Article, Illustration920 1992-08-01 22 Jackie Sam - There is uncertainty in Hongkong over whether a Legislative Council will be elected in 1995. Jackie Sam looks at the ramifications of not having a 'through-train' Jackie Sam The writer is a Hongkong-based political consultant THE "through-train" is back on the920 words
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Article, Illustration1094 1992-08-01 22 Christopher Tan - Christopher Tan has a bone to pick with Chinese restaurants over the quality of their food and service Christopher Tan The writer is a BT executive sub-editor THERE ARE many things right about this country, but a meal in a Chinese restaurant just isn't one of1,094 words
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VIEWPOINT
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Article, Illustration1989 1992-08-01 23 Margaret Thomas - Ever since he became the Speaker in 1989, Tan Soo Khoon has pretty much stopped speaking in Parliament. But that, he assures Margaret Thomas, does not make him any less of a politician CONVERSAnONS AT RAFFLES Margaret Thomas THERE are times when he sounds likePhoto by Chris Loh - 1,989 words
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Article613 1992-08-01 23 A student leader on campus, but not a firebrand IN THE late *****, much of the world was gripped by a youth culture which preached, to the accompaniment of drug-inspired rock music, peace and freedom and free love. University students protested against the Vietnam war, against any sign613 words
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Article552 1992-08-01 23 AS A backbencher, his was a strong voice in Parliament, especially when talking about the economy and business conditions. But since 1989, when he became the Speaker, Tan Soo Khoon has pretty much stopped speaking in Parliament. Speakers don't speak in Parliament except to rule on points552 words
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EPICURE
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Article, Illustration680 1992-08-01 24 Michelle Low - Marina Mandarin's House of Blossoms promises to serve you a splendid lunch in 45 minutes. Michelle Low checks out its claim Michelle Low THE EARLY bird gets the worm. The dawdling chef has to foot the customer's bill. Marina Mandarin's House of Blossoms is the680 words
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LIFESTYLE
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Article, Illustration465 1992-08-01 25 Cheryl Liew - 111-house caterers have become very popular for top who prefer to discuss deals within the comfort of their offices, says Cheryl Liew Cheryl Liew A T LAST il COUNT, there were about 5,000 eating places in Singaa growing trend of people prefer not to eat out,465 words
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534 1992-08-01 25 Lusciously presented in-house meals of salmon steak and baby lobster require a few prerequisites other than cash. There are certain pre-req-uisites. For one, almost all the caterers said that the client should have kitchen/pantry facilities, or at least some sort of water and electrical supply.534 words
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PEOPLE
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Article, Illustration303 1992-08-01 25 ON WEDNESDAY, Business Times invited its advertisers, to spend a workday on the greens in the BT-Lancome 16th Anniversary Golf Competition. 155 competitors enjoyed the cool, overcast weather to roam the Palm Course of the Raffles Country Club to interact with nature and eachPhotos By Chris Loh - 303 words
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PURSUITS
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Article, Illustration764 1992-08-01 26 Jaime Ee - While the fate of Basic Instinct lies at the Board of Censors, Jaime Ee, who managed to see it recently, ponders the actual merits of the film Jaime Ee IN THE MIDST of all the hullabaloo about whether Basic Instinct should be screened in local cinemas,764 words
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Article, Illustration551 1992-08-01 26 RINGO LIEW - CD Review By RINGO LIEW NATURAL LIFE: Natural Life From the very first note that the band plays, the listener is transported back to the days of tie-dyed t-shirts and groovy pants. The heir to the traditions of the old Santana and the Allman Brothers Band,551 words
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Article, Illustration641 1992-08-01 26 Susan Tsang - Spike Lee seems to have nailed his colours to the mast with Jungle Fever. Susan Tsang on why his pet preoccupation with race does not win him awards Susan Tsang AFTER his first offering. Do The Right Thing, failed at the Cannes film Festival, prolific black film-maker641 words
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Article, Illustration864 1992-08-01 26 Chuang Peck Ming - Chuang Peck Ming finds out what they have been saying Chuang Peck Ming Dragons In Distress By Walden BeUo and Stephanie Rosenfeld Penguin, 428 pages, $25.20 The Four Little Dragons By Ezra F Vogel Harvard University Press 138 pages, $49.90 THE success stories of Asia's864 words
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Article, Illustration1026 1992-08-01 27 Nirmal Ghosh - Nirmal Ghosh records his impressions of a Malaysian rainforest Nirmal Ghosh RAIN draws a soft white curtain across the river valley, and inside the forest it is cool. Ferns, palms and wild bananas glisten like wet silk in the dying light of dusk as I trudgePhotos by Nirmal Ghosh - 1,026 words
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Article, Illustration1054 1992-08-01 27 Samuel Ee - Samuel Ee reviews the two raciest sets of wheels in the Opel stable Samuel Ee ASTRA IT CAN be argued that the era of the hot hatch began when Volkswagen dropped what was then the world's most powerful 1,600 cc production engine into one of its Golfs1,054 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1127 1992-08-01 28 Chua Chwee Leng - Chua Chwee Leng takes a second look at the second board of the Kuala Lumpur Stock Exchange Chua Chwee Leng At the end of 1991, the total market value of the second board of the Kuala Lumpur Stock Exchange was a paltry MSI.SSource: Crosby Research KL - 1,127 words
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Article, Illustration526 1992-08-01 28 Chew Eng Han - By Chew Eng Han The writer is assistant manager of investments, NTVC Income PREDICTIONS of a triangle pattern for the Straits Times Industrials Index are spot on so far, and the dip to the 1,400 level materialised last week. The triangle hasSource: Compuchart - 526 words
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Article, Illustration919 1992-08-01 28 Dexter Lee - Dexter Lee on who will benefit most from the extra 10,000 COEs Dexter Lee LIKE many others, you may be wondering whether to buy now or hang on a bit before taking the plunge. And if you do wait, how long should it be?919 words
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570 1992-08-01 28 Shoeb Kagda - Shoeb Kagda finds out from Prudential Singapore where to invest your savings Shoeb Kagda NOT sure where to invest your savings? You might want to take a tip from the pros. Life insurer Prudential Singapore, which has a $800 million investment portfolio,570 words
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Article, Illustration1075 1992-08-01 29 Stephen Hagger - Stephen Hagger looks at why Singaporean investors would want to invest abroad Stephen Hagger The writer is investment manager of Hill Samuel bank WHY would a Singaporean want to invest abroad? As a general rule, if one looks globally, there are bound to be more bargains1,075 words
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OLYMPIC'S '92
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OLYMPIC FEATS
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109 1992-08-01 30 AUSTRALIA sent 10-man Denmark crashing out of the Olympic football competition with an emphatic 3-0 win here in Sabadell on Thursday. The Australians, who only got here after a surprise play-off win over Holland, were complete masters of the disappointing Danes, whose senior side won109 words
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Article30 1992-08-01 30 IN BARCELONA, Olympic chiefs have instructed all cycling teams to train on the designated roads and keep off the motorway after five riders were knocked down by cars.30 words
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Article129 1992-08-01 30 MAIK BULLMANN and Peter Farkas, the only finalists with at least two world titles, lived up to the expectations and won Olympic gold medals as the Greco-Roman wrestling tournament ended on Thursday. Bullmann, a German, continued his three-year domination of the light heavyweight (90 kg) class by129 words
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Article161 1992-08-01 30 A TIRED and unhappy Steffi Graf said on Thursday she would be glad when the Olympics finished and she could get some rest. The 23-year-old German's outburst came minutes after she rushed into the third round following a simple 6-1, 6-0 win over Brenda Schultz161 words
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Article87 1992-08-01 30 THE CIS continued to outshine the other teams at the Olympics after Thursday's events. It led the medal tally with 34 medals, exactly half of which were gold. The United States were second, with 32 medals, but of these only 11 were gold. China was lying87 words
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Article400 1992-08-01 30 ARCHERY: Women's qualifying rd: 3pm: 50m, 30m Men: 7pm: 50m, 30m ATHLETICS: Women: 3.15pm: Heptathlon (100 m hurdles) 4.30pm: Heptathlon (high jump) spm: 400 m (Ist rd) 11.30pm: Heptathlon (shot put) 12.15 am (Sunday): 100 m semi-finals 12.30 am: Marathon (start) 1.20 am: Javelin final 1.25400 words
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Article, Illustration560 1992-08-01 30 AFP BARCELONA Ukrainian gymnast Tatiana Gutsu walked away with the women's all-round Olympic gold on Thursday night, after dominating a competition she shouldn't even have been in. Pint-sized Gutsu, watched by American basketball giant Magic Johnson, won a thrilling final dash forAFP - 560 words
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Article, Illustration591 1992-08-01 30 AFP BARCELONA China's Lin Li erased an 11-year-old world record on Thursday to earn the women's 200 m medley gold medal, one of two world record performances on the fifth day of the Olympic swimming competition. The US women's 4xloom medley relay teamAFP - 591 words
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Article, Illustration28 1992-08-01 30 BARCELONA The Australian four kilometres pursuit team in action as they pedalled their way to a world record and Olympic medal on Thursday28 words
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341 1992-08-01 30 AP Reuter BARCELONA Most of the favourites, including Merlene Ottey of Jamaica and Irina Privalova of the United Team, yesterday qualified easily for the second round of competition in the women's 100 metres. Americans Evelyn Ashford, Gwen Torrence and Gail Devers were amongAP; Reuter - 341 words
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373 1992-08-01 30 AFP BARCELONA Lisa Ondieki has no fear of the Olympic marathon finale in Barcelona that has been called "suicide hill" by some competitors. The Australian is favourite for what will be the most difficult climb in an Olympic marathon in the women's raceAFP - 373 words
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Article1315 1992-08-01 31 City A* Pfcafc FMgM ETA QF81 1955 SQ228 2025 RJ187 0130 SQ319 0715 KL837 1255 NZ21 1820 SQ286 2030 GF148 0855 GA525/910 1755 |MM SQ181 1410 FNght GA860 QF82 GA890 KL838 SQ342 NZ22 SQ182 ETD 0045 2205 0150 2240 2325 1940 0915 IM^UI Qf 62 11301,315 words
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THE TRAVEL PAGE
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Article, Illustration662 1992-08-01 31 Terry Trucco - LETTER FROM MANHATTAN By Terry Trucco FOR SOME New Yorkers, it's almost a reflex action to leave the city in the summer. But for those who stay and those who visit summer in Manhattan has a distinctive set of charms. Even with big662 words
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Article147 1992-08-01 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1960 1.2122 Canadian dollar 1.3497 1.3769 NZ dollar 0.8700 0.8876 Sterling pound 3.0952 3.1372 US dollar 1.6090 1.6160 Load dollars to 100 ■nits of foreign currency Austrian schilling 15.35 15.67 Belgian franc 5.246147 words
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Article63 1992-08-01 31 Duration Title Venue Organiser Tel Sep 6-9 Fine Food Melbourne Australian (61)3/867.7981 Exhibition Services Sep 6-10 International Earls Court, Reed Exhibition 081-*****71 Watch, Jewellery London Companies Ltd and Silver Trades Fair Duration Title Venue Organiser Tel Sep 6-9 International Fashion Trade Fair Dusseidorf. Germany IGEDO. Internationale Modemesse63 words
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TIME OFF
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Article154 1992-08-01 32 Violin and Piano Recital Performance by German pianist Doris Schack and awardwinning violinist Martin Valdeschack. Venue: Victoria Concert Hall. Today. 8.15pm. Symphony in the Park The Asian Youth Orchestra, together with the Singapore Youth Orchestra and the Singapore Wind Symphony, will present an orchestral extravaganza in the park. Venue:154 words
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Article, Illustration293 1992-08-01 32 Yasotha M - Compiled by Yasotha M Strokes of Beauty: A "Green" Artist from Vietnam Exhibition by Vietnamese artist Pham Viet Hong Lam, whose works include family scenes, indoor still lifes and rural landscapes. Venue: The Mandarin Singapore, Reception Hall. sth Floor, South Wing. Last day tomorrow. Ioam-Bpm. Moving Colours On display293 words
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Article617 1992-08-01 32 Beauty And The BeasL Longawaited Disney production of this classic fairy-tale. Yishun 10: 9.45; 11.45; 4.50; 6.45. Beethoven. A huge canine moves in with an All-Ameri-can family and upstages all the humans. Yishun 10: 10.10: 2.45; 7. Boyz N The Hood. Hard-hitting realism from John Singleton about life in617 words
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Page 21 Advertisements
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Advertisement239 1992-08-01 21 %s M^h GEographique. AROUND THE WORLD IN 24 HOURS. v THE WORLD SV NEVER SEEN A WATCH QUITE wHV^y^fl^^H THE MECHANICAL ccocraphique JH^nEBEFORE: FASHIONED Km!rMo&*&r IN 18 K COLD. IT (J^pr Mo*m ijJL. Setting new standards SIMPLICITY. TURN THE LEFTSHOWS THE LOCAL HAND CROWN UNTIL ONE OF THE /i/ 24239 words
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Page 22 Advertisements
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Advertisement11 1992-08-01 22 DAUGHTERS OF DIVORCE When parents break up GET IT NOW AUGUST11 words
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Page 22 Miscellaneous
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Miscellaneous26 1992-08-01 22 DOONESBURY GARRY TRUDEAU KXJR. MOTHER CALLS? f~| Mtm** OH.MCHABL, UH...*HY* rv£a»e ooSj lU, IT °U> XXJUPHTf 9CUUm 1 WKMY CDtrnSF 1 CHUPCARBsm*- y ABOUT IHAW gkamom.26 words
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Page 24 Advertisements
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Advertisement964 1992-08-01 24 Nothing Beats A Bud. where to wine, dine OF rf I"rrf'M' ooimc&jf SUNDAY TEMPTATIONS Every Sunday, Nutmeg's brings to you exquisite culinary surprises, fine wines and champagnes and the relaxing chords of our jazz musicians. Seafood delicacies. Sunday favourites, local specialities and even a touch of American, await the family964 words
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Advertisement77 1992-08-01 24 MmM INDIANHIGJ^EA?! A revolutionary High Tea for the adventurous. An amazing spread of Northern Indian favourite snacks and sweets plus Masala tea to complete the afternoon. Sunday afternoons will never be the same again. (Period of Promotion: July-September 1992 (Sunday only) Time: 3.30 spm Price: Ssls.oo++ per person Tflgfififtial The77 words
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Page 25 Advertisements
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Advertisement254 1992-08-01 25 AND ENTERTAIN In the month of August, a fashion extravaganza awaits you at the Fountain Lounge: Aufust 1 Toselli August 8 Vlaspiga Boutique August 15 Toselli August 22 Viaspiga Boutique August 29 Toselli Enjoy a leisurely Saturday afternoon tucking into delicate French pastries, dianxin and sandwiches... and a freshly-brewed cup254 words
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Advertisement88 1992-08-01 25 BIG CLAM PROMOTION AT fflO NISHIKI^Si Big Hamaguri clams from Japan! A Rare, succulent, incredulously tasty and cooked in the style that suits your I taste-buds! 1 Priced at only S$ 12.00+ per order for 2 pieces. Available in August for lunch and dinner. For reservations, please call 322 4224.88 words
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Page 28 Advertisements
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Advertisement18 1992-08-01 28 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in Business Times.18 words
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Page 29 Advertisements
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Advertisement128 1992-08-01 29 You don't have to be a Teleview subscriber to WIN! Enter the SPH Shine Olympics Contest at Comcentre 2. If you're a Teleview user, just Our questions will be changed key into Teleview page *4102#. weekly -so the more times you If you're not, come down to enter, the more128 words
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Advertisement252 1992-08-01 29 I I j I- 911 i v ■HK ft I *;'V: •'''■?*»s-' iSaliS ■J f'. y|pPipMM| %W&± t Jf-AJ;# JJjll I I I < i<./ H. J I Hhc.. I cash for your shares over the I w counter at any of oar 28 branches. I Use the loan for252 words
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Page 31 Advertisements
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Advertisement41 1992-08-01 31 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. We knew Europe from atari I* Finnish.41 words
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Advertisement22 1992-08-01 31 I AUGUST 1992 Up $4.50 I I PREGNANT 1 JMBH MEEFIM6S so I I Baby I I "jf r lit I i22 words
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Page 31 Miscellaneous
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Miscellaneous147 1992-08-01 31 15 Series by commander during the 1 j j J 1 1 I 1 squeeze JiflM said fish m higglcdy-pig--28 Medicine found on the wall? (8) DOW* could be captive (8) YESTERDAY'S SOLUTION 1 Running problem 11 does e^ort n the past (3) not have (6) Trust in cleaner I147 words
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Miscellaneous163 1992-08-01 31 Singapore Outlook: Showers over many areas in the morning. Report; Maximum temperature 31.5 Assoc humidity 69% Minimum temperature 24.5 Assoc humidity 97% Hours of sunshine 6.95 Rainfall in mm 3.9 Rainfall this month 290.8 Rainy days this month 19 World report Asia-Pacific Hi/Lo* Cond. Auckland 16/11 Rain Bangkok 31/24 Rain163 words
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Miscellaneous51 1992-08-01 31 Esmssm /no vou use, I f M 9. GORDON SUJE I VjJIShX f muCV* VCU GPifcMlSt-l pvND NO roPTfrs.R f©u) *X>D STOP LJPkTO»N<3 TVmT I GPtf.£FUL THE. PRgJS€>ITPO'OM J tT STi LUTPvST€.S UWE. y v <erw FIjOVD, IME.TV.QteF j \SCMOOL V —r~ >, n 1| fB^CReBUBUE. 1 -mis rr nbwaww51 words
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Page 32 Miscellaneous
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Miscellaneous1540 1992-08-01 32 TODAY'S TV I AM Prog Summary. 1.40pm, SBC 5 I j 8.00 Wake. Rattle and Indonesian movie that draws Watch brothers-in-hicer>s I 830 Space Knights. its plot from the Indonesian Dolph Lundgren and Jean I "J*—JflK 900 Children's Programme nationalist movement during Claude Van Demme grunt. 10 00 J± nnv1,540 words
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Miscellaneous648 1992-08-01 32 Sarah, Plain and Tall, Mon, perfect wife and mother and 10.30pm, SBC 5 what does your husband do? A forlorn widower places a un away with Sexy Miss lonely hearts ad in the local Journalist. Valerie Harper bepaper. Glenn Close, who co- comes a bit of a she-devil produces this648 words
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