The Business Times, 7 November 1992

Microfilm: NL18510
Total Pages: 29
1 29 The Business Times
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  • Title Section
    Masthead
    17 1 Business Times MITA (P) 35/12/91 Weekend Edition, November 7-8 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS & MARKETS
    • Article
      LDP threatens to sue judge over bribe allegations
      65 1 TOKYO The ruling Liberal Democratic Party yesterday threatened to sue, and possibly dismiss, a judge and two prosecutors on behalf of senior politicians embarrassed by allegations that they offered millions of dollars in hush money to a rightist. The backlash against the
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    • Article
      US warns against domination in S-E Asia
      40 1 MANILA- The United States said yesterday it would oppose attempts by any power to dominate South-east Asia following the end of the Cold War and urged that regional disputes should be settled peacefully.
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    • Article
      Dow down
      34 1 WALL STREET opened almost unchanged yesterday morning despite the release of improved unemployment figures. The Dow Jones Index of leading industrial stocks stood at 3,243.01, down 0.83 after five minutes of trading.
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    • Article
      Footsie lower
      26 1 LONDON share prices were lower at midday yesterday. At about 1230 GMT, the Financial Times-Stock Exchange 100-share index was down 6.9 points at 2,704.2.
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    • Article
      Shanghai surprise
      28 1 LISTED Metro Holdings will be setting up a USSS million joint venture company for a major public housing projcct in Shanghai, China's biggest city Page 3
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    • Article
      Loan granted
      27 1 A CONSORTIUM of mostly Singapore-based banks are lending US$4O million to Dhana Siam Finance Securities Co Ltd, one of Thailand's leading securities firms. Page 5
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    • Article
      Port calls
      18 1 AMERICA and the Philippines reachcd agreement yesterday on allowing port calls by US warships Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 673.54 -0.81 Kuala Lumpur ....654.60 5.75 Tokyo 16,869.81 -161.78 Hongkong 6.315.01 -32.76 Sydney 1,423.4 -8.9 Thursday Change New York 3,243.84 +20.80 London 2,711.1 +19.4
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.6295 100 Yen SS 1.3253 MS SS 0.6474 Money market rates Overnight 1-1/2 +5/8 3-month 1-13/16% +1/8
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    • Article
      COMMODITIES
      37 1 London Gold AM fix USSS336.70 -US$0.75 ■fc-i-l KliOOvT S'pore Nov 144.50*/kg +0.50 M'sia Nov 222.50Vkg unch KL Tin Turnover 50lonnes +5 Spot MS 14.23/kg -0.12 Crude palm oil Turnover 788 lots +64 Dec MS924 /tonne -3
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  • Article
    Lock icon Clinton pushes two-part plan to cure economy
    458 1 Short-term measures to boost economy, long-term action to cut deficit Reuter WASHINGTON When American President-elect Bill Clinton assumes power in January, he is likely to push through a two-pronged programme that combines shortterm measures to boost the economy, with long-term action to cut
    Reuter  -  458 words
  • Article
    Lock icon Foreign companies doubt Clinton can enforce tax threat
    354 1 FT LONDON US Presidentelect Bill Clinton's promise to crack down on the tax practices of foreign companies has so far failed to cause much consternation in corporate boardrooms overseas. Most are waiting to see how far campaign threats will translate into realities
    FT  -  354 words
  • Article
    SPH posts net earnings of $186.7m, up 21pc
    545 1  -  One-for-lO bonus issue proposed By Genevieve Cua SINGAPORE Singapore Press Holdings Ltd yesterday reported a better-than-expec-ted 21.4 per cent rise in net earnings to $186.68 million for the year ended in August, boosted by strong advertising revenues, lower newsprint prices and better
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  • Article
    Dissent halts EC move towards trade war with US
    327 1 Compiled by staff from agency reports BRUSSELS The European Community, its fragile unity shattered by the collapse of trade talks with the United States, was holding back yesterday from immediate retaliation against what it called illegal US trade sanctions. After the
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  • Article
    CPF interest rate dropping to 30-year low
    214 1 SINGAPORE The interest rate on Central Provident Fund savings will be pared to 2.62 per cent from 3.31 per annum on Jan 1 its lowest level in 30 years. The drop would bring the CPF savings rate in line with market rates. The
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  • PAGE 2 NEWS
    • Article, Illustration
      The Umno annual general assembly
      31 2 Dr Mahathir addressing delegates: k We should never forget what happened in 1987. If it does repeat itself, we may not be able to revive Umno'
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    • Article
      Infighting could threaten Malays' position: Dr M
      553 2  -  From Leslie Lopez in KUALA LUMPUR MALAYSIAN Prime Minister Mahathir Mohamad warned members of his ruling United Malays National Organisation (Umno) party yesterday that intense infighting could destroy the party and threaten the position of Malays as the dominant political force in the
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    • Article
      Lock icon Amstrad chief in £113m bid to take firm private
      222 2 Reuter LONDON Amstrad pic chairman and founder Alan Sugar on Thursday launched a £113 million (SS2B3 million) bid to take the lossmaking British consumer electronics firm private. Mr Sugar, who founded Amstrad in 1968 and built it into one of the
      Reuter  -  222 words
    • Article
      ACE Daikin to invest $20m more in S'pore
      414 2  -  From Leslie Lopez in KUALA LUMPUR A SINGAPORE-JAPANESE joipt venture, ACE Daikin, is pulping about $20 million m<sre into Singapore to make in<£istrial and commercial air conditioners for the Asian market. Robert Chua, executive chairman of the joint venture company in Singapore,
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    • Article
      High-level Kansai team to visit S'pore
      156 2 KANKEIREN, a powerful business group in the Kansai region, is sending a high-level team to Singapore later this month to explore joint ventures with local businessmen. The 24-member Japanese team, which will visit the Republic on Nov 18 and 19, is keen to establish
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    • Article
      Corrections & clarifications
      64 2 Corrections clarifications IN BT's Nov 5 report "Boon Heng: wages must not outgrow productivity in long term", Senior Minister of State for Trade and Industry Lim Boon Heng was reported as saying that Hongkong's productivity is double that of Singapore's. The National Productivity Board has pointed out that Mr Lim
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    • Article
      Perm Sec, Telecom chief receive N-Day award
      147 2 SINGAPORE The Director of Medical Services, Dr Kwa Soon Bee, and the president and chief executive officer of Singapore Telecom, Wong Hung Khim, led the honours at last night's investiture of the 1992 National Day awards. The two senior civil servants and about
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    • Article
      All racial groups have a role to play: Lee
      706 2  -  SM Lee's visit to South Africa From Salil Tripathi in WILDERNESS SOUTH AFRICA must find a solution where one-man-one-vote does not mean win-ner-take-all, because if the winner takes all he may end up with nothing, in Senior Minister Lee Kuan Yew's
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    • Article
      Finns urged to enter new markets for industrial robots
      160 2 SINGAPORE The Singapore Industrial Automation Association should cooperate more with regional counterparts to increase trade, an MP said yesterday. John Chen, who is also chairman of the National Automation Committee, said local firms should work with the association to enter new
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    • Article, Illustration
      100 show up but only one property sold
      243 2  -  By Hong Lee Tiam SINGAPORE More than 100 people showed up for a Colliers Jardine auction yesterday but only one of the seven properties on the block got sold. The auctioneer said this reflected the mixed sentiments of the market. Bidders appeared
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      Page 2 Advertisements Column 1
      112 2 BUSINESS-TIMES Toll tree Tel No: 737-0043 Fax No: 734 3608 I For A Career That's Simply Tops *Hut. Pre-requblte Must possess great enthusiasm and self-motivation At least 3 years marketing experience, preferably in fastfood industry Numeric and PC skills are essential Good analytical skills Must be a good communicator BENEFITS:
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      8 2 The Straits Time* Classified your home-delivered departmental store
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  • COMPANY NEWS 1
    • Article
      Metro, Shanghai city in US$5m property tie-up
      435 3  -  Joint venture will develop 9.6 ha of land for public housing Reports by Lee Han Shih SINGAPORE Listed Metro Holdings, which has been shifting its focus from retailing to property, is embarking on a major property project in China's biggest city, Shanghai. The
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    • Article, Illustration
      PMRI is controlling shareholder of Metrojaya
      326 3 SINGAPORE Metrojaya Bhd, a listed Malaysian retailer which is an associate of the Singapore-listed Metro Holdings, yesterday found itself with a new controlling shareholder. The party is Pan Malaysia Rubber Industries Bhd (PMRI), which yesterday bought 32.67 per cent of Metrojaya's issued shares in
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    • Article
      Lock icon Bumiputra Merchant Bankers turns in 20-year-high profit of M$23m
      386 3 Bernama KUALA LUMPUR Bumiputra Merchant Bankers Bhd (BMB) scored its highest profit level in its 20year history for the year ended March 31, 1992, with a pre-tax profit of M 523.20 million (S$ 15.08 million). Executive director Yap Chee Keong told
      Bernama  -  386 words
    • Article
      A pity if Inno-Pac's repayment plan gets bogged down by details
      685 3  -  THE HOCK LOCK SIEW COLUMN By William Chia SINGAPORE Loan stockholders of beleaguered Inno-Pacific Holdings Ltd can hardly be blamed for being confused after receiving several letters on the company's repayment plan this week. The letters were from Coopers
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    • Article
      Lock icon Shangri-La (M) keen on Sabah resort project
      280 3 Bernama KUALA LUMPUR Shan-gri-La Hotels (M) Bhd (SHMB) is keen to participate in Perlis Plantations Bhd's Msloo-million (5564.7 million) resort complex at Pantai Dalit in Sabah. SHMB chairman Kuok Khoon Ean said Perlis Plantations, SHMB's parent company, had invited SHMB to participate in
      Bernama  -  280 words
    • Article
      Tax provisions cause Jurong Cement to report flat earnings
      228 3  -  By Hong Lee Tiam SINGAPORE Listed Jurong Cement Ltd announced a solid set of interim results yesterday, but reported flat earnings due to tax reasons. Boosted by the active construction industry, turnover at group level for the six months ended Sep
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    • COMPANY BRIEFS
      • Article
        CMB shareholders approve name change
        80 3 SINGAPORE CMB Packaging Singapore said yesterday** its shareholders had approved a proposal to change its name*' to Carnaudmetalbox Asia Ltd. Meanwhile, CMB has sold itsf' 50 per cent stake in Avery Metal Box Products back to A very** for $50,000. Avery makes and sells pressure-sensitive
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      • Article
        Seaview buys into Sin-China
        39 3 SINGAPORE Seaview Hotel has taken a 20 per cent staked in Sin-China Investment (HK) Ltd for HK$800,000»i (S$ 168,000). Sin-China, a Hongkong company with invest-»• ments in China, has a paid-up capital of HK$4 million.
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      • Article
        Amtek raises Microlite stake
        82 3 1 N SINGAPORE Amtek Engineering Ltd has bought another 1 243,450 $1 shares in electronics manufacturer Microlite Eleo-'l trie from Bettini Trading for $173,945. The move raises-] Amtek's stake in Microlite to 21.7 per cent. Amtek has aboE entered into an agreement with Microlite to convert
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      • Article
        Guthrie to seek approval on TSRs
        58 3 SINGAPORE Guthrie GTS will hold an extraordinary general meeting on Nov 24 to seek shareholders' approval for amendments to the terms of its transferable subscription rights (TSRs) due 1994. The proposed changes include provisions to adjust the subscription rights of the TSRs and t&e
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      • Article
        EON in talks to buy firm
        97 3 SINGAPORE Edaran Otomobil Nasional Bhd (EON) has told the Kuala Lumpur Stock Exchange that negotiations on its acquisition of an interest in United Oriental Assurance Sdn Bhd (UOA) are at an advanced stage. The Proton Saga distributor said it would make an announcement soon
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      • Article
        BHLB Pacific to launch 2 funds
        72 3 KUALA LUMPUR BHLB Pacific Trust Management'' Bhd is preparing to launch two new specialised funds early 1 next year following the success of the recently launch BHLB Pacific Double Growth Fund, chief executive officer Toh Chin Hian said on Thursday. Up to 50 million
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    • Article
      Sun Corp to develop $40m recreational park
      277 3 SINGAPORE Listed general trading and shipping company Sun Corporation will make leisure and entertainment its core business, with the development of a $40 million recreational park here. In a circular to shareholders yesterday, Sun Corp said its 90 per cent-owned subsidiary, Unicentral Park
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    • Article
      Lock icon MSE to spend M$100m on expansion
      206 3 Bernama KUALA LUMPUR The Pasir Gudang-based Malaysia Shipyard and Engineering Sdn Bhd will soon embark on a Msloo million (5564.7 million) expansion programme to enable its shipyard to cater for bigger shipbuilding orders. MSE said in a statement on Thursday that work on the
      Bernama  -  206 words
    • Article
      Lock icon China's Shougang Corp wins bid for Peruvian firm
      364 4 Reuter LIMA China's Shougang Corp won the bid for stateowned iron company Hierro Peru, edging out a multinational consortium with its offer of US$3ll.B million (about Ss49B million), the head of Hierro Peru's committee on privatisation said. The Chinese mining, steel and
      Reuter  -  364 words
    • Article
      Lock icon Tata's interim profits cut by half despite better sales
      219 4 AFP NEW DELHI India's largest private-sector firm, the Tata Iron and Steel Co (Tisco), has announced a halving of its profits on improved sales in the first six months of the current fiscal year, sending its stock crashing. Tisco said in
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    • Article
      Lock icon Sales of US chain stores on uptrend
      246 4 NYT NEW YORK America s big chain stores reported further sales gains in October, continuing a trend that began in August, and raising hopes among analysts that, for the first time in four years, retailers will not have a cold Christmas. Still, doubts
      NYT  -  246 words
    • Article, Illustration
      Lock icon Railway delay is Hopewell's fault, says Bangkok
      168 4 Reuter BANGKOK The State Railway of Thailand said a US$3.2 billion (555.2 billion) elevated railway project has been delayed because the Hongkong firm contracted to build and operate it failed to submit the necessary documents for approval. Hopewell Holdings Ltd, which was granted
      Reuter  -  168 words
    • COMPANY BRIEFS
      • Article
        US funds promoter joins bid for MGM
        76 4 NEW YORK Bernie Cornfeld, the controversial American mutual funds promoter whose empire collapsed more than 20 years ago, is hoping to make a comeback. He joined in a US$5OO million (SsBls million) cash bid yesterday for Hollywood's MGM film studio. The 65-year-old Mr
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      • Article
        Yamaha profits down by 44pc
        68 4 TOKYO Japan's Yamaha Corp, the world's biggest manufacturer of musical instruments, said yesterday its pre-tax earnings almost halved in the six months to September but it raised its profit forecast for the year. The company's earnings plunged 43.7 per cent from a year earlier to
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      • Article
        Takeda earnings up 2.9pc
        74 4 TOKYO Japan's top drugmaker Takeda Chemical Industries Co Ltd said yesterday its pre-tax earnings grew 2.9 per cent from a year earlier to a higher-than-expected 36.2 billion yen (Ss47B million) in the first half. The company, the industry leader in antibiotics noted for using film star
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      • Article
        Mitsubishi eyes European stakes
        59 4 TOKYO Mitsubishi Motors Corp plans to take stakes in all European distributors of its cars within two or three yeare, a company spokesman said. Mitsubishi, which has stakes in distributors in Denmark, Germany and Sweden, is holding talks to buy stakes in distributors in other European
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      • Article
        Brinker plans Asian operations
        83 4 DALLAS Brinker International Inc announced on Thursday an accord with Pac-Am Food Concepts Ltd, based in Hongkong, to operate as many as 35 Chilis grill and bar restaurants in 10 Asian countries during the next 15 years. Pac-Am was formed as a master franchisee for Brinker
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      • Article
        Fujian Enterprises to list HK unit
        74 4 HONGKONG Chinese state-run Fujian Enterprises Holdings (FEH) Co Ltd, incorporated in Hongkong, is seeking a listing for its subsidiary in the British colony, the company chairman said. "We are preparing to list our unit CC Toys (HK) Co Ltd in Hongkong's stock exchange," Zhou
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      Page 3 Advertisements Column 1
      323 3 IN THE MARKET PAGES! Bangkok index falls 12 HK prices close lower 13 BUSINESS TIMES ToM tree Tel No 737 0043 Fax No: 734 3606 INVESTMENT COUNSELLOR NEW ZEALAND HIGH COMMISSION, SINGAPORE Applications are Invited for the position of Investment Counsellor at the New Zealand High Commission, Singapore. The New
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      Page 4 Advertisements Column 1
      898 4 ANNOUNCEMENT p-GROUP %Chang( r company %Chaig# I 1 Results 1992 1991 ♦or- 1992 1991 orII SS'OOO SS'OOO SS'OOO SS'OOO Turnover 607,422 558,422 8.8 417,686 403,633 3.5 Trading profit 243,057 201,049 20.9 63,077 50,664 24.5 II Depreciation of fixed assets 23,318 23,303 0.1 14,727 16,007 -8 0 |m L Isnare loss
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  • FINANCIAL NEWS
    • Article
      S'pore-based banks lend US$40m to Thai firm
      238 5  -  Leading securities firm Dhana Siam to use loan for working capital By Dawn Tan SINGAPORE A consortium of mostly Singaporebased banks are lending US$4O million (Ss64 million) to Dhana Siam Finance Securities Co Ltd, one of the leading securities firms in Thailand's rapidly
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    • Article, Illustration
      Lock icon Key US economic negotiator leaves to join First Boston
      335 5 Reuter WASHINGTON The man who has been at the centre of international economic negotiations during the Reagan-Bush years said that he is leaving the government to join First Boston Corp as vice-chairman. Treasury Undersecretary for International Affairs David Mulford said he
      Reuter  -  335 words
    • Article
      Lock icon Lloyd's delays legal action against indebted Names
      233 5 Reuter LONDON Lloyd's of London said it was delaying for six months the issue of new writs to indebted Names, individuals who back the insurance market. Lloyd's chief executive Peter Middleton said the sixmonth respite would be used to talk to Names and
      Reuter  -  233 words
    • Article
      Lock icon Westpac shares plunge after low dividend shock
      237 5 Reuter SYDNEY Shares in Australian banking giant Westpac Banking Corp plunged to a nine-year-low yesterday as disenchanted investors reacted to the bank's decision to slash its final dividend after yet another financial shock. The shares closed at A 52.51 (552.80), 24 cents below
      Reuter  -  237 words
    • Article, Illustration
      Greenback breaks resistance level
      546 5 DBS Bank weekly currency review US$/DM: dollar goes on "bullish'' trend! A break of 1.5500 on Monday saw the dollar rally to a high of 1.5705. The dollar rally received a further boost on expectations of a Clinton victory, trading to a high of 1.5780 on
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    • Article
      Lock icon Protesters want action against Indian bank scam culprits
      304 5 Reuter BOMBAY Two thousand bank workers marched through Bombay on Thursday demanding punishment for those involved in India's US$l.2 billion (Ss2 billion) securities scandal. Some waved placards and red banners calling for the governor of the Reserve Bank of India (RBI), the
      Reuter  -  304 words
    • Article
      Lock icon Aussie bank to cover US$178m liability
      146 5 UPI NEW DELHI A major Australian-owned bank implicated in India's largest ever financial scandal has bowed to central bank pressure and transferred US$l7B million (Ss2Bs million) from its overseas holdings to cover possible liability in the affair, the bank announced. The money was transferred
      UPI  -  146 words
    • SMALL CHANGE
      • Article
        Credit Lyonnais' exposure to Sasea
        100 5 ZURICH French state-owned bank Credit Lyonnais, major creditor of Sasea Holding SA, said its total exposure to the bankrupt Swiss financial group was SI7 million Swiss francs (SSSB9 million). A spokesman for Credit Lyonnais said the banking group's Credit Lyonnais Bank Nederland NV (CLBN) was
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      • Article
        French govt bond issues surge
        111 5 PARIS The amount of bonds issued by the French state for the first 10 months of the year jumped by 42.3 per cent from the same period last year, to 141.24 billion francs (5542.4 billion), Credit Lyonnais bank announced. CL, secretary of the Issues Committee,
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      • Article
        Swiss Bank sees profit rising
        93 5 ZURICH Swiss Bank Corporation expects its net profit in 1992 to be little changed from last year's record earnings but it should rise again in 1993, chief executive Walter Frehner said. The head of Switzerland's second largest bank told a news conference SBC was working
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      • Article
        Board approves Barclays sale
        110 5 NEW YORK The state Banking Department has approved the Bank of New York's acquisition of 62 branches of Barclays Bank of New York. The Bank of New York Company, Inc is the 1 Sth largest commercial bank holding company in the United States and the state's
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      • Article
        Citicorp may raise US$76m
        90 5 NEW YORK Citicorp's initial public offering of up to 20 per cent of its student loan unit could raise US$76 million (SS 122 million), Citicorp spokesman John Morris said. He said that would include selling 3.6 million common shares in the unit and the over-allotment of
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    • Article
      Lock icon Mixed response to Swedish rescue plan
      353 5 Reuter STOCKHOLM Swedish financial institutions hailed the government's proposed rescue plan for the banking system, but firms not covered by the package of loans and guarantees complained it was anti-competitive. "It's good. The crisis in the banking sector is so deep and it was
      Reuter  -  353 words
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      3 5 YoußADwmsimiJvas&L ONR IF
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      Page 5 Advertisements Column 2
      281 5 BUSINESS TIM E S Toll free 1W No: 737-0043 Fax No: 734-3808 OTP NANYANG mj|! TECHNOLOGICAL UNIVERSITY SCHOOL OP ACCOUNTANCY AND BUSINESS Faculty Appointments in Tax and Auditing The School of Accountancy and Business offers undergraduate degrees in Accountancy and Business, graduate degrees by research, end MBA degrees. Applications are
      281 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Foreign investments in M'sia top M$16.9b
        81 6 KUALA LUMPUR Foreign investments for projects approved under the Industrial Coordination Act, 1975, between January and September this year topped M 516.9 billion (S$ 10.9 billion) compared with M 512.8 billion during the corresponding period last year, the Dewan Rakyat (parliament) heard yesterday. Ministry
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      • Article
        US deports M'sian tour guide
        72 6 BOSTON Charges were dismissed on Thursday against a Malaysian tour leader accused of trying to smuggle illegal immigrants into the United States, but the tour guide and at least 10 other travellers were ordered immediately deported. US Magistrate-Judge Marianne Bowler dismissed all charges against Chee
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      • Article
        Yangon plans new constitution
        69 6 BANGKOK Myanmar's ruling generals have announced a national convention to plan a new constitution, but they will be talking only to themselves, spurned by groups ranged atainst them, exiles and guerillas said yesterday. The military junta announced on official radio on Thursday night the convention would
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      • Article
        Fiji's deficit hits US$94m
        109 6 SUVA Fiji's government announced yesterday a U5594.5 nteUion (S$ 153.9 million) deficit for 1993 while warning the Piacific island's public spending must be curbed. In his budget, Finance Minister Paul Manueli cut interest rates immediately ffcm 8 per cent to 6 per cent, to mop up
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      • Article
        Li Peng to visit Hanoi
        69 6 HANOI Chinese Premier Li Peng will make an official visit to Vietnam before the end of the year, Vietnam's Deputy Prime Minister Phan Van Khai said here on Thursday. A Vietnamese source said the visit would take place on Nov 30, one year after the
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    • Article, Illustration
      Lock icon Manila allows US Navy to make port calls
      376 6 New accord aimed at preventing instability in S-E Asia Reuter, AP MANILA The United States and the Philippines reached agreement yesterday on allowing port calls by American warships to guard against instability in Southeast Asia. Neither side said the accord amounted to
      Reuter,; AP  -  376 words
    • Article
      Indon move to boost engineering and design capabilities
      280 6 JAKARTA President Suharto wants local design and engineering products used in government projects even if they cost more. The Jakarta Post reported on Thursday. "The increased use of domestic design and engineering products is mainly aimed at boosting the nation's designing and
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    • Article
      Lock icon Tokyo's aid to Hanoi may herald lifting of US embargo
      402 6 Reuter HANOI Vietnamese officials and foreign businessmen yesterday welcomed Japan's resumption of official aid to Hanoi, saying it suggested an imminent lifting of the US economic embargo against Vietnam. Japan ended a 14-year suspension of aid to Vietnam when the
      Reuter  -  402 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      517 6 Vtnel; fry N» Berth Arrival Departure Vessel Voy No Berth Arrival Departue jurong Port L Jal Bontan 4109EB P06 alongside 07 11/2300 Anftarunaga 4 M/5 alongside 07.11/0600 Laurus 05H P05 atongsde 07.11/0100 1 16 J6 alongside 07.11/2359 Lupng ***** P04 alongside 07.11/1830 Ku* Sak KSI/92 12/3 alongside
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    • Article
      CONTAINER SCHEDULES
      1620 6 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship fry No Containers avafabte Ship Voy Wo Container* a»aiabte Ark Carrier 9228N 05.11.92 0710 Vde Oe Tit 9426E COO(EST) 06.1192 1500 Mart Its 9208 05.11.92 0720 Perkasa 55N COO(EST) 06.11.92 1500 Pentftf Sun 35E 05.11.92 0750 Wealth River 35W COD(EST)
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  • THE WORLD
    • Article
      Lock icon Productivity in US up in third quarter
      411 7 But analyst says it's not an indication economy is healthy UPI WASHINGTON US companies, tightening their belts in these lean economic times, increased their productivity in the third quarter, the Labour Department said on Thursday good news for corporate management but bad for
      UPI  -  411 words
    • Article, Illustration
      Lock icon Immigration issue threatens to plunge Germany into crisis
      375 7 Reuter BONN Chancellor Helmut Kohl says Germany's mounting immigration crisis is hurtling the country towards a "national emergency" that may leave the state a helpless giant. Critics decry him as a dithering coward whose failure to tackle the huge political challenges facing
      Reuter  -  375 words
    • Article
      Lock icon Developing nations with big arms budgets get more aid
      273 7 UPI TOKYO The developing world's biggest military spenders are collecting more international aid than poor countries that restrain arms expenditures, according to research presented on Thursday by two World Bank economists. The 13 developing countries ranked as the highest military spenders
      UPI  -  273 words
    • Article
      Lock icon Mexico seeks to stem widening trade deficit by beefing up exports
      329 7 Reuter GUADALAJARA, Mexico Ten years into a sweeping economic reform programme, Mexico still hungers for more success stories like Enrique Salcedo Padilla's. Saddled with a yawning trade deficit caused by a flood of imports chiefly capital and intermediate goods
      Reuter  -  329 words
    • Article
      Lock icon Business failures in US set to smash 1991 record
      226 7 AP NEW YORK US business failures increased 14.3 per cent in the first nine months of the year and will smash the annual record set in 1991, despite signs of improvement in the economy. Dun and Bradstreet Corp reported on Thursday.
      AP  -  226 words
    • Article
      Lock icon Foreign investors in India adopt cautious stance
      285 7 AFP NEW DELHI Foreign investors have adopted caution as the watchword, waiting for India to take its open-market reforms further before they launch the hundreds of projects put on paper. Leading the investors' pack are the Americans, accounting for US$l92 million (about Ss3o7
      AFP  -  285 words
    • Article
      Lock icon UAE seeks laws to curb entry of foreign workers
      284 7 AFP ABU DHABI The United Arab Emirates (UAE) labour and social affairs ministry is seeking laws restricting the entry of foreign workers, mainly non-Arabs and illiterates, citing growing economic and social problems. The restrictions, if enforced, will affect Asian states as
      AFP  -  284 words
    • WORLD WATCH
      • Article
        France approves Nato agreement on WEU ties
        107 7 BRUSSELS France has approved an agreement among Nato nations on setting up more formal links between the alliance and the Western European Union (WEU), a potential rival to the US-led alliance, diplomats said on Thursday. The V agreement sets out the basic rules
        107 words
      • Article
        Russia faces hyperinflation risk
        105 7 BONN International Monetary Fund (IMF) managing,' director Michel Camdessus said on Thursday Russia faced a. risk of hyperinflation which could destroy confidence in its economy. Speaking to bankers in Bonn, he expressed doubt i about whether Moscow would be able to fulfil its pledge to u
        105 words
      • Article, Illustration
        Look! No hands!
        58 7 MIAMI, Florida Living just a little on the wild side* j Teresa Stokes took a quick walk on the wing of a Grumman Ag Cat on Thursday as she rehearsed her wing-walking routine over Miami. Stokes, a pilot and aviation and spacer artist, will be performing in
        58 words
      • Article
        N Korea proposes delay in talks
        60 7 SEOUL Communist North Korea, accusing the South of! > military aggression by staging war games with the United,States, said yesterday it wanted to delay key detente talks by a, j week. A South Korean spokesman said the North had pr<> posed postponing talks on
        60 words
      • Article
        Irish government falls after vote
        67 7 DUBLIN Prime Minister Albert Reynolds dissolved the-* Dail, the Lower House of the Irish Parliament, after his government was slapped a no-confidence vote, opening the! road to general elections expected to be held later in Novem- ber. He was defeated by 88-77 votes after the
        67 words
    • Article
      Lock icon Israel ready to expand ties in Asia, says official
      367 7 Move comes after relations with China, India AFP JERUSALEM Israel wants to expand diplomatic relations throughout Asia following the establishment of ties with China and India in January, a foreign ministry spokesman said on Thursday. "We would like to expand our
      AFP  -  367 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      119 7 BUSINESS TIMES Toll-free Tel N0:737 0043 Fax No: 734 3698 CAR RENTALS INVESTMENT OPPORTUNITIES An established Car Rental Company owning a large fleet of hire cars with assets worth approximately $7,000,000/- and an annual turnover of between $2,200,000/-to $2,500,000/- is seeking business combination and/or mergers to tap synergy and to
      119 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Speculators snap up Malaysian second liners
      3739 8  -  By Paul Leo SPECULATORS, hoping to make quick money, yesterday jumped into Malaysian counters, ignoring local shares, brokers said. The hectic trading in Malaysian counters pushed the UOB-OTC Index up 9.3 points to end the day at 847.78. while the benchmark Straits Times Industrials
      3,739 words
    • Article, Illustration
      Lock icon HOT STOCK
      81 8  -  By Paul Leo MALAYAN United Industries rose 30 per cent from its recent low of $1.46 to $1.90. However, a bearish signal has emerged as the stock price and the RSI are showing a divergence. The RSI failed to clear its previous high and is above 75, indicating
      SOURCE: BRIDGE INFO  -  81 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      193 8 ■■I Cartier's Scented Men At the recent launch of the Pasha Eau-de-Toilette, famed luxury house Cartier invited several top male j personalities to their Palais Renaissance Boutique for a champagne breakfast. Hosting the breakfast was Mr Willy Pfister, Managing Director of Les Must de Cartier Singapore. These local notables read
      193 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3295 9 m OCBC Foreign 1110 +20 +1.8% 'SPH Foreign 1410 +20 +1.4% jSun Corpn 270 +17 +6.7% iKeppel CWt 344 +16 4.9% •Keppel Corpn 630 15 f 2.4% •Pacific Can 50* 85 +12 +16.4% 'DBS Foreign 1280 +10 +0.8% •ICB 535 +10 +1.9% •Jurong Ship 5C
    3,295 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      194 9 V WZr YOUR VERY OWN HASSLE-FREE If news and other pertinent information on companies listed on the Stock Exchange And for subscription fee of omlg $250 per month, you and your company can °f Singapore Clob International are important to you and your business, then SPH subscribe to this specialised
      194 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares consolidate as investors take profit
      5593 10 Bernama PRICES closed mixed yesterday as the local share market took a breather from the recent bull-run. The K.LSE Composite Index ended at 654.60, down 5.75 points. The benchmark started at an intra-day high of 660.32. The all-share Emas Index shed 0.17 of a
      Bernama  -  5,593 words
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  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Domestic, foreign shares end week with a fizzle
      407 11 DOMESTIC and foreignheld shares ended the week with a fizzle yesterday, closing down or virtually unchanged on both the Shanghai and Shenzhen bourses. Class A shares reserved for Chinese citizens saw identical 1.12 per cent losses on the Credit Lyonnais Shanghai A
      407 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Selected bank shares continue to surge
      965 11 SELECTED bank shares maintained their momentum, with Bank Internasional Indonesia and Bank Bali again dominating a suddenly vigorous market, brokers said. "We expeet the interest sparked by a law letting foreigners buy bank shares to spread soon to other shares," a broker said. 811
      965 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Index falls on sell-off of bank, finance issues
      2108 11 Reuter INVESTORS sold banks, finance and securities shares in yesterday's afternoon session to take profits after the recent strong rises and the stock index was lower at the close, tftpkers said. The SET Index dropped 3.95 points, or 0.41 per cent, t£
      Reuter; Source: Bridge Info  -  2,108 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      50 11 ■BTrri Mf Il'lB| 1 M I Mill 111 II I I Find out in I I— I IHk I I H Ik I I I| I I I I Personal Investment and Finance. II I I 1 I 1 H 111 II I I 1 A I Every Saturday in
      50 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stock prices whittled by small-lot sales
      2591 12 Reuter STOCKS ended lower on Thursday, with the Nikkei Average baek below 17,000, as small-lot and some fu-tures-linked sales whittled away prices. Market energy was sapped by the impending weekend, the steady flow of poor corporate earnings, and the slow unpeeling of political scandals,
      Reuter  -  2,591 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Index falls from Thursday's record high
      2467 12 Reuter SHARES had a downward correction yesterday after a record-setting run on overseas buying in the past two days that propelled the market briefly to the 6,400 level. The blue-chip Hang Seng Index fell 32.76 points to end at 6,315.01 from Thursday's record close
      Reuter  -  2,467 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks fall on news of Westpac's tax loss
      2057 13 Reuter WESTPAC'S revelations of previously undisclosed tax liabilities overcame positive offshore leads to push the share market lower yesterday. The bank announced on Thursday that it may have to cut its final dividend by half after it uncovered a A$ 115 million
      Reuter; Source: Bridge Info  -  2,057 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks rise for third consecutive day
      • Article
        INDICES & TURNOVER
        51 13 INDICES TURNOVER Close Plfio® Nor 6 NEW ZEALAND NZSE-40 Capital 1.403.67 1.389.66 14.01 immm Composite Index 1.350.68 1.356.66 -5.98 Turnover (mil pesos) 204.6 235.4 -30.8 TAIPEI Weighted Pncc Index 3.532.61 3.593.41 -60.80 Turnover (NTS billion) 7.5 10.2 -2.7 SEOUL Composite Stock Index 644.94 631.31 13.63 Turnover (billion won) 819.22 771.83
        51 words
      • Article
        SEOUL
        835 13 STOCKS closed higher for the third day in a row in hectic trade yesterday, although early sharp gains were pared by late selling pressure, brokers said. "Investor sentiment is strong these days because of ample market liquidity and increased customers' deposits with securities houses," Huh Eui-do of Daewoo Securities
        835 words
      • Article
        TAIPEI
        500 13 STOCKS closed lower across the board as investors, lacking confidence in the market yesterday, took profits from Thursday's 2.5 per cent gain, brokers said. The Weighted Index dropped 60.80 points or 1.7 per cent to 3,532.61. Turnover shrank to a thin T57.5 billion from Thursday's T510.2 billion. Thursday's gains
        500 words
      • Article
        MANILA
        550 13 SHARE prices closed lower for the second day in a row as buyers hungry for economic growth data retreated further to the sidelines following a higher October inflation report yesterday, brokers said. But an absence of heavy selling pressure could indicate the market may be firm next week, they
        550 words
      • Article
        NEW ZEALAND
        393 13 SHARES ignored the prospects of a world trade war and softness in Australia to end higher. The NZSE-40 Capital Index gained 14.01 points to end at 1,403.67, mostly due to a sharp rise in Carter Holt Harvey, which gained 12 cents to end at NZ52.44 and Fletcher Challenge,
        393 words
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  • WORLD STOCK MARKETS
    • US stocks rebound from post-election sell-off
      • Article
        Untitled
        453 14 Nov 5 Close Pntiow NEW YORK Dow Jones 3.243.84 3.223.04 +20.80 SAP 500 418.34 417.11 +1.23 Turnover (million) 219.73 194.4 +25.33 LONDON FTSE 100 2,711.1 2.691.7 +19.4 Turnover (million) unav 503.8 FRANKFURT DAX Index 1.480.93 1.472.69 +8.24 AMSTERDAM EOE Index 276.32 276.06 0.26 PARIS CAC-40 1.804.70 1.804.07 f0.63 ZURICH SPI
        453 words
      • Article, Illustration
        NEW YORK
        1340 14 STOCKS rebounded on Thursday from a post-election sell-off as computerguided buy programs boosted gains fuelled by firmness in bond prices and overseas markets. Trading was quiet but volume was heavy. The Dow Jones Industrial Average, which dropped 29.44 points on Wednesday, recouped 20.80 points to 3,243.84. Among the
        1,340 words
      • Article, Illustration
        LONDON
        683 14 ENCOURAGED by the brighter prospects for a US economic recovery following the Clinton victory, share prices at the London Stock Exchange quickly shrugged off early profit-taking and made steady progress throughout Thursday. The Financial Times Stock Exchange 100-Share Index closed at 2711.1, up 19.4 points. The narrower Financial Times
        683 words
      • Article
        FRANKFURT
        216 14 THE STOCK market indices gave mixed readings on Thursday, as the DAX Spot Trend Index gained 8.24 points or 0.6 per cent on the day to close at 1,480.93 points. But the Commerzbank indicator was off to 1,652.90 points at the close against 1,656.10 points on Wednesday. Operators attributed
        216 words
      • Article
        AMSTERDAM
        293 14 SHARES ended mixed on Thursday after losing early and then pulling back up, reacting to results released by Philips and KLM, and overseas influences. The market was hit early by disappointing third quarter results from Philips but perked up later with a rise in the US dollar and a
        293 words
      • Article
        PARIS
        162 14 A SATED Paris bourse digested the heavy gains it racked up earlier in the week. Continued interest in stock index futures from some large foreign firms offset the widespread inclination to pocket gains after the market's 3.5 per cent rise on Tuesday and Wednesday. "The market had no reason
        162 words
      • Article
        MILAN
        417 14 SHARE prices fell a further 2 per cent on Thursday, after similar losses on Wednesday, on option-inspired selling stemming from the approaching end of the November trading account. The market had already discounted Wednesday's news parliament had given final approval to a decree suspending capital gains tax on share
        417 words
      • Article
        TORONTO
        274 14 STOCKS finished slightly lower on Thursday after a moderately active trading day with the real estate sector and conglomerates index taking hefty knocks, traders said. "There were a few stocks that got hammered on Thursday," one dealer said. The TSE 300 dipped 5.04 to 3,339.76 on volume of 36.59
        274 words
      • Article
        ZURICH
        269 14 SHARES ended a moderately active session firmer on Thursday but below the day's high, as late profit-taking set in. Dealers said the firmer US dollar helped the industrial sector, which was led higher by chemicals. The broad SPI Index closed 2.6 points firmer at 1,163.5. The blue-chip SMI Index
        269 words
      • Article
        STOCKHOLM
        242 14 t SHARES fell in moderate trade on arbi- J trage-linked selling on Thursday despite < both a stronger US dollar, good for Swedish exporters, and higher Europe- J an bourses. The All-share Index slipped 0.83 per cent to 718.92, and the Top-16 Index lost 0.73 per cent. Turnover was
        242 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar ends marginally firmer in quiet Tokyo trading
      1214 15 REPORTS THE US DOLLAR ended marginally firmer on stop-loss buying against the mark in late trading yesterday, but activity was thin ahead of key US jobs data, dealers said. Some speculative dollar-buying against the mark emerged in late afternoon, triggering loss-cut
      1,214 words
    • Article
      INTERBANK FOREX RATES
      397 15 Cross rates nov6 USS SS MS Dm Yen SFr A$ NZ$ USS 1.6300 2.5170 1.5800 123.00 0.6515 1.4180 1.4347 1.9011 SS 0.6135 1.5442 0.9693 75.4601 0.3997 0.8699 0.8802 1.1663 MS 0.3973 0.65 0.6277 48.8677 0.2588 0.5634 0.5700 0.7553 Dm 0.6329 1.0316 1.5930 77.85 0.4123 0.8975 0.9081 1.2033
      397 words
    • Article
      MONEY MARKET
      615 15 Interbank rates ss Bid Offer Overnight 1 1/2 1 5/8 j 1-month I 1/2 I 5/8 2-month 1 11/16 1 13/16 3-month 1 13/16 1 15/16 1 Overnight mode: 1-1/8 LS$ Bid Offer 7 days 3 3/16 3 5/16 1 month 3 3/16 3 5/16 2 months 3
      615 words
    • Article
      Lock icon Ireland to lift exchange controls soon
      330 15 Reuter DUBLIN Finance Minister Bertie Ahern confirmed Ireland will remove its remaining exchange controls by the end of this year. He said in a statement: "We are committed, under existing community agreements, to remove all our remaining exchange controls by the end of this
      Reuter  -  330 words
    • Article
      FINANCIAL FUTURES
      1456 15 SIMEX EUWOOOLLM Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96.38 96.39 96.36 96.37 6000 2314 ***** Mar 93 96.40 96.41 96.38 96.39 ***** 4579 ***** Jun 93 95.95 95.96 95.91 95.92 4500 2480 ***** Sep 93 95.48 95.50 95.43 95.45 2300 1431 3379 Dec 93
      1,456 words
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  • COMMODITIES
    • Article
      Lock icon East Asia's gold imports expected to hit record levels
      350 16 Reuter SINGAPORE East Asian gold imports excluding Japan are likely to reach a new high of about 1,000 tonnes in 1992, up from 560 tonnes in 1991, mainly because of demand for luxury items in newly-rich economies, v Market analysts say
      Reuter  -  350 words
    • Article
      Lock icon CME members vote to retain dual trading curb
      210 16 Chicago futures exchange only one in US to do this Reuter CHICAGO Members of the Chicago Mercantile Exchange (CME) voted overwhelmingly to retain the exchange's 18-month-old voluntary curb on dual trading. The CME said members voted 1,344 for and 574 against lifting
      Reuter  -  210 words
    • Article
      KL tin down in tandem with poor LME performance
      768 16 REPORTS TIN PRICE on the Kuala Lumpur Tin Market shed 12 sen to close at M$ 14.23 per kg on higher offerings yesterday. Dealers said the market lacked buying interest, taking its cue from the London Metal Exchange which closed US$2O
      768 words
  • Article
    PRICES
    1369 16 Rubber MS C—w—«ty Cxcfc—i |Mws dating as at lpw) WS1 C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 92 145.00 145.00 144.50 1,250 2.500 Jan 93 145.50 144.25 144.75 1,600 4,275 Feb 145.75 144.50 144.75 500 4,750 Mar 146.00 144.50 145.00 325 5,250 Apr/Jun
    1,369 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      18 16 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 16 Advertisements Column 2
      505 16 BUSINESS TIMES I Toll free Tel No 737 0043 -Fax No: 734 3608 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Madam Yong Kheow Eng of 627 Balestier Road, Singapore 1232, have applied for a First Class Beer House in respect of premises at M/s Tai Cheong at 627
      505 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon An eye on distant prospects
      1395 18  -  Most Singaporeans tend to see only the disadvantages of working abroad, but such postings can boost one's market value. It all depends on whether there's fire in the belly, reports Nirmal Ghosh Nirmal Ghosh IS THE glass for an overseas Singaporean half empty or half
      Illustration by Ben Cruz  -  1,395 words
    • STRAWS IN THE WIND
      • Article
        Little Rock call
        45 18 HOW did Little Rock, Arkansas, celebrate Bill Clinton's victory in the America)) presidential elections? The roar of the crowd echoed through the city as Arkansaife raised their voices in the University of Arkansas R<zorbacks hog call rallying cry: "Woooo! Pig! Sooey!" C
        45 words
      • Article
        Infernal luck
        36 18 A RAPELLING robot stuck in research purgatory in Pittsburgh after its legs snapped during tests. Its descent into the hellish crater 6( an Antarctic volcano for research will be delayed. The robot's name? Dante.
        36 words
      • Article
        Date with a quake
        35 18 SIGN in Parkfield, a California town on the San Andreas fault where the "monstear quake" predicted for California could hit: "Earthquake capital of the world. Be here when it happens." J
        35 words
      • Article
        Prison care
        31 18 A BRITISH prison has obviously decided that a little irony would do its inmates good. They've got the prison workshop churning out signs for the local Neighbourhood Watch scheme.
        31 words
      • Article
        Smart roaches
        46 18 AFTER the VW Beetle, the Honda Roach? Ne* Scientist magazine reports that the Japanese car maker Honda wants 100,000 specimens of a species of cockroach that responds exceptionally rapidly to moving objects. Honda researchers want to study them to develop similar capabilities in cars.
        46 words
    • OPINIONS
      • Article, Illustration
        The saga continues
        1089 19  -  Jackie Sam gives an update on the running battle between Beijing and Hongkong Governor Chris Patten over the latter's reform package Jackie Sam The writer is a Hongkong-based political consultant who contributed this article to BT A"NEW" new governor is moving around Hongkong. He grits his teeth
        1,089 words
      • Article
        Feedback on Aokam, Golden Plus story
        601 19  -  LETTERS TO THE EDITOR Tan Soon Seng Executive Managing Director Aokam Perdana Berhad WE WERE appalled to read the article "Aokam-Golden Plus tie-up: Investors should tread carefully" (BT, Oct 21) by William Chia. In the article, Mr Chia insinuated that an alleged acquisition by
        601 words
      • Article
        Long wait to get credit for certificates lodged
        109 19  -  Denis W Distant AS IF there is not enough inconvenience transferring existing shareholdings to Central Depository Pte Ltd (CDP) as more companies go scripless, there is a very long wait to get the credit for the certificates lodged. CDP's printed acknowledgement has
        109 words
      • Article
        Bar codes and the software industry
        304 19  -  Tan Kok Lim WE CANNOT deny that computers and robotics have contributed to our economic success. However, more should be done so that we can remain competitive. We must increase the use of machines and optimise the efficiency of our labour force. For example,
        304 words
      • Article
        The music begins
        969 19  -  Nirmal Ghosh examines the extent to which India's economy has been liberalised Nirmal Ghosh The writer is a BT journalist WORLD Bank chief economist Lawrence Summers, on a recent visit to Singapore, said that history would not remember the early '90s as the period when the Cold
        969 words
    • VIEWPOINT
      • Article, Illustration
        Still classy after all these years
        1784 20  -  Poised at the crossroads of a remarkable political life, Malaysia's Musa Hitam traces a tumultuous past and talks about his future. He also suggests to Kenneth James how Singapore and Kuala Lumpur can cement their ties W® CONVERSATIONS I RAFFLES Kenneth James FORMER Malaysian
        1,784 words
      • Article
        Well, will he or won't he?
        921 20 MUSA HITAM, Malaysian political leader extraordinaire, states firmly: "Sure, 1 have retired." And almost in the same breath he says: "In the political arena, 1 think I can play a role." Might that role include some link with the top leadership? "It's no secret.
        921 words
      • Article
        Singapore-Malaysia: the dangers of being strangers
        679 20 SingaporeMalaysia: the dangers of being strangers THINGS are not always smooth between Singapore and Malaysia. Musa Hitam agrees. But he sees the occasional verbal salvos across the Causeway as "little bubbles bursting here, there and everywhere, irritations". And he notes: "So long as we are neighbours, there will be these
        679 words
    • EPICURE
      • Article, Illustration
        Satisfying salmon
        481 21  -  Susan Tsang samples some of Emmerson's imaginative preparations of its fish Susan Tsang EMMERSON'S, the steak and seafood restaurant in Tanjong Pagar, is tempting diners with a Norwegian Salmon promotion. From now until Nov 14, diners can sample 11 dishes made with freshly flown-in salmon. Tasting portions allowed
        481 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Britain embraces the New World
        1027 22  -  Frank J Prial discusses the changed preferences of the British wine-drinking public Frank J Prial NYT The British, who have no more than a token wine industry of their own, have long been important arbiters in the European wine market. They practically invented port and
        NYT  -  1,027 words
      • Article
        A vintage of extremely good value
        609 22  -  WINE By N K YONG THERE ARE few people in Burgundy more highly respected or world-renowned as Andre Gagey, who directed the wine-producing company Mason Louis Jadot for 40 years until his official retirement on Oct 1 this year. But retirement for Andre simply
        609 words
    • PEOPLE
      • Article, Illustration
        A bash for Fleishman-Hillard's CEO
        199 22 FLEISHMAN-HILLARD Inc chairman and CEO John D Graham was in town recently, and the company threw a party at Aziza's Restaurant in his honour on Oct 1. Some 40 executives and their spouses were at the party. The St Louis, Missouri-based CEO was visiting Singapore
        199 words
      • Article, Illustration
        Lock icon Selling Putian's charms
        141 22 A TEAM from Putian, a city in China's Fujian Province, was! in Singapore last month to extol its economic attractions t©► local businessmen. The team, led by Putian Mayor Xu Rui, was hosted here by the Vikay group, which is developing; a major industrial estate in the
        Photos by Chris Loh and Arthur Lee  -  141 words
    • PURSUITS 1
      • Article, Illustration
        No room for a John Wayne here
        864 23  -  Susan Tsang on Unforgiven, which revitalises the Western by mocking its own genre Susan Tsang VT "W T HEN Sher iff Bill Dag- gett ("Little ijg; W W Bill") reads k Y T a lurid acJpunt of how English Bob 5f Jjtgunned Two-Gun
        864 words
      • Article, Illustration
        The clock strikes, a curse is unleashed
        588 23  -  Amityville 1992 offers more than a cheap thrill, says Jaime Ee Jaime Ee JW" IKE it or not, it's I back. Bring out your Jk J fears, pack an extra J»g of ectoplasm, the Wizard <>f EEK! has returned. When you're a successful
        588 words
      • Article, Illustration
        Warm thoughts of Mr Uncool
        618 23  -  Barry Manilow may no longer be in fashion, but for Jaime Ee, his concert in Singapore next week is a chance to rediscover a simpler, more innocent time Jaime Ee, UD ARRY MANILOW??" The young punk at the music store stared at me like I
        618 words
      • Article, Illustration
        Pushing 50, and still rocking and rolling
        617 23  -  CD REVIEW By Ringo Liew KEITH RICHARDS: Main Offender FORGET the highly publicised high jinks of the likes of Led Zeppelin, the Sex Pistols or even Guns N Roses. For they would barely qualify as footnotes in the diary of Keith Richards, the
        617 words
      • Article, Illustration
        The artist who left golden eggs everywhere
        772 24  -  Nirmal Ghosh on an exhibition of the works of Jean Cocteau, one of the most versatile creative geniuses of this century Nirmal Ghosh PARIS 1910. And the beginning of Jean Cocteau. At theatres, at openings, the slim man with the gardenia in his
        772 words
      • Article, Illustration
        Getting a lot more car for your money
        546 24  -  Samuel Ee drives the Toyota Camry, Japan's answer to the mid-size European makes Samuel Ee RARE is the Japanese car that ventures beyond the two-litre threshold to take on mid-size European makes. In Singapore, Japanese cars usually peak at 2,000 cc, so
        546 words
      • Article, Illustration
        Mommy dearest
        690 24  -  Claire Leow on My Mother's Wooden Chest, a one-woman play that explores a mother-daughter relationship Claire Leow AT THE RATE Singapore theatre is going, it will be renowned for perfecting the art of female soliloquy. The only character in My Mother's Wooden Chest by The Necessary Stage lives
        690 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article, Illustration
        KL stocks sizzle after the Budget
        971 25  -  S N Vasuki examines the euphoric mood of the KLSE and reports analysts' views on the prospects of the various sectors S N Vasuki MALAYSIA'S annual Budget presented by Finance Minister Anwar Ibrahim last Friday has unleashed a bullrun on the Kuala Lumpur stock
        971 words
      • Article, Illustration
        Lock icon The best return in a bull market
        515 25  -  Paul Leo explains when and why warrants should be bought Paul Leo DURING the recent bull run in the local equity market starting from Oct 22 to Nov 4, you would have made a return of 19 per cent if you had bought
        SOURCE: BRIDGE INFO  -  515 words
      • Article, Illustration
        Get set for exciting times, both in Singapore and KL
        789 25  -  CHART By Hajeeb Jarhom The writer is manager at Fraser Securities HEAVY trading volumes and values have been recognised as a key determinant of strength and durability of market rallies. The few run-ups seen this year could not last because
        789 words
      • Article
        Psst, don't chase the dollar; buy on dips
        993 26  -  Where is the greenback headed with Bill Clinton in the White House? Neil Behrmann asks a panel of currency experts for their forecasts Neil Behrmann The writer, a financial journalist based in London, contributed this article to BT HE US presidenI tial
        993 words
      • Article
        The sub-continent's about to take off
        724 26  -  Shoeb Kagda casts an eye across the Indian Ocean at promising investment prospects Shoeb Kagda WHEN Harshad Mehta, the portly young Bombay stockbroker, was nabbed for orchestrating India's biggest ever financial scandal back in April, international fund managers took the first flight out and
        724 words
    • SPORTS
      • Article, Illustration
        Lock icon Fischer is match winner after taking final game
        875 27 Many challengers waiting in the wings NYT By coolly parlaying an audacious defence into a victory, Bobby Fischer defeated Boris Spassky on Thursday and won their exhibition match in Belgrade. It was perhaps a new beginning for the world champion of 20
        NYT  -  875 words
      • Article
        Lock icon Cut in game played role in retiring: Magic Johnson
        273 27 Reuter EARVIN "Magic" Johnson said the reaction of other players to a cut he received in an exhibition game last week played a key role in his decision to retire from professional basketball for a second time. "And that added to
        Reuter  -  273 words
      • SIDE LINES
        • Article
          Woosnam and Price to play at Asian Masters
          87 27 Singapore lan Woosnam and Nick Price have signed on for the inaugural Asian Masters tournament scheduled for Feb 24-28 at Phuket. The US$5OO,OOO (S$815,000) invitational tournament will be played over the 7,049-yard Blue Canyon Country Club course and will feature 100 players,
          87 words
        • Article
          It's Martin vs Martin again
          122 27 KIEL, Germany Rodney and Brett Martin, Brisbane brothers who come from the most talented family in squash, set up their eagerly awaited meeting in the European Open here on Thursday. Brett, the elder, who is the world No 5, comfortably beat the English qualifier Mark
          122 words
        • Article
          Ex-boxing champ held in Miami
          93 27 MIAMI Yelling "I'm the Macho Man!" in a hotel lobby, three-time world champion boxer Hector Camacho was arrested early on Thursday on charges of fighting wittl two police officers who tried to quiet him. The former WBC super featherweight and lightweight champion appeared intoxicated and
          93 words
        • Article
          New Olympics proposal
          137 27 ACAPULCO, Mexico A European plan to permit weaker nations to compete in the Olympics despite tougher qualifying rules was challenged by an alternative African proposal on Thursday. Europe has suggested that a small number of wild card entries should be offered to countries unable to meet new
          137 words
        • Article
          S Africa to bid for Games
          52 27 ACAPULCO, Mexico South Africa will nominate one of three cities next year to bid for the 2004 Summer Games, the republic's Olympic chief said on Thursday. Sam Ramsamy, head of the South African national Olympic committee, named Johannesburg, Cape Town and Durban as the
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      • Article
        Lock icon A Californian in the Bundesliga
        952 27 Eric Wynalda No. 2 scorer in German first division IHT THE BALL arced over the defence, and the first player in all Germany to reach it was the American striker. Eric Wynalda, 6 feet, one inch, tanned, blond, 23, and so brazenly Californian that it
        IHT  -  952 words
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        Lock icon Couples, Love put US in World Cup lead
        477 27 Rivero and Jimenez of Spain closest challengers AFP FRED COUPLES and Davis Love slipped straight into top gear to give favourites the US a two-stroke lead after the first round of the World Cup in Madrid yesterday. The US Masters champion shot
        AFP  -  477 words
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        Lock icon Courier, Edberg, Ivanisevic survive upset epidemic
        500 27 Paris Open AP JIM COURIER, Stefan Edberg and Goran Ivanisevic, the top seeds left in the US$2.l million Paris Open, ended a rash of upsets with straight-set victories on Thursday to advance to the quarter-finals. Courier, the top seed, fought ofT 13 aces from
        AP  -  500 words
    • THE TRAVEL PAGE
      • Article, Illustration
        A little donkey and his ful
        770 28  -  POSTCARD FROM CAIRO By i Chris Hedges PERCHED behind a green wooden donkey cart, Hanafi Mohammed al-Gahsh nightly transforms a tiny patch of Cairo into a kingdom. With his imagination, sidewalks become rolling shorelines and the gritty potholed street, the sea. With his hands
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        FOREIGN CURRENCY NOTE RATES
        151 28 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1314 1.1473 Canadian dollar 1.2913 1.3175 NZ dollar 0.8480 0.8652 Sterling pound 2.4938 2.5445 US dollar 1.6250 1.6330 Local dollars to 100 units of foreign currency Austrian schilling 14.51
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        WORLD TRADE EXHIBITIONS
        83 28 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Jan 3. International Spain Intcmacional Nov 26- Dakar Dakar. Centre Interna- 221/*****2 j Trade Fair De Valencia <*c7 S™* KM International Exhibitions, (fa*) acncgal Teddington TWI1 Dec 7 Video Conference The Royal Tama Starley. 071-*****14 gLQ Systems
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    • TIME OFF
      • Article
        PERFORMANCES
        164 29 Singapore Symphony Orchestra Conducted by Choo Hoey and featuring Seow Yit Kin on the piano. The programme features Mozart's Piano Concerto No 21 in C Major, K 467 and Mahler's Symphony No 9 in D Major. Venue: Victoria Concert Hall. Nov 13 14. 8.15pm. Shell Lunchtime Programme The Singapore
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      • Article, Illustration
        EXHIBITIONS
        373 29 The Russian Hermitage Museum collection On display are exclusive paintings from the Hermitage Museum collection in the form of replications by such artists as Cezanne, van Gogh, Pissarro, Monet and Bonnard. Venue: The Art Gallery, United Square, Thomson Road. 10.30 am to 7.30pm. Until Wednesday. The Art of Nyoman
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    • Article
      CINEMA
      640 29 Alien 3. Sigourney Weaver continues to battle an alien which has become less of a stranger third time round. 10am today at Yangtze 1. Yishun 10: 11.35pm and 11.55pm. Midnight tonight at Raja. Commonwealth. Savoy 2 and Marina 1. Sunday: 10.30 am. spm at Raja: 9am. 5.30pm at Commonwealth:
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      27 19 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers. NOVEMBER 1992
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  • Page 19 Miscellaneous
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      1005 21 Nothing Beafs A Bud. Bfflnfll where to wine, dine OF I ml Oiir French Buffet is certainly a feast MjSMnot only for the eyes. The Escargot W Au Champignons, Coq Au Vin, Gateau St. Honore and other favourV tes satisfy even the most discerning of tastes. CVf 111 O® Mifhett
      1,005 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      261 22 Club 1 Barbecue Buffet ||||q Eat as much as you can Bin yiuS every Friday Saturday iBiJ [nWI P at the Poolside Tee-Off Cafe U|| UN IN J 1 between 6.30pm to lo.oopm IWUI V N Adult 13.50 Child $7.50 AuH||\J For reservations, please call Tee-Off Cafe JEjdl I pL
      261 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      64 25 I-P only my boss would 1 any Job. Any Career. to Available Any Day. m iF Any Time. Anywhere. 1 The Straits Times The Sunday Times Business Times /ffiP I rpV A The New Paper Lianhe Zaobao lianhe wanbao H J —y f Shin Min Daily News Berita Harian Berita
      64 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1292 28 Flight ETA Fttgbt ETD Aba DbaM GA970 GA976 0010 0025 Adeiaide 2015 RJ187 0130 Amsterdam SQ319 KL837 0810 1515 KL838 SQ342 0040 2300 riMnirtinil NZ21 SQ286 1700 2045 NZ22 1825 Sort Bogawan B1421 SQ181 BM29 1105 1425 2030 SQ182 BI422 8(430 0930 1205 2125 fftngtit 1
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      41 28 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 know Europe from atari to Finnish.
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      Page 28 Advertisements Column 2
      7 28 Advertising Marketing in Business Times every Thursday
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      Page 28 Advertisements Column 3
      49 28 gagFf fl*^« r *&vir iM Hi ~Wr a I I I I^ll| I9J WMM wV M »?i^S3-*wiy^Kr il^j^ in Two Malaysians, described as amateur rneee* desperados, three plots, a wallet, a sensational picture...these formed the ingredients of the bizarre murder of heart surgeon Victor Chang. Klwly Details in today.
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      182 28 out when it is finished (8) vl a island by worker wan- Dowl nICSS fX>tX <S) 7 Marine hanger-on (8) YESTERDAY'S SOLUTION 14 Redhead, a divorcee gets I Against study on revolu- her man? (3) I InlqMtlulnI I Isl lUI tionary art (6) 16 I do remove slide having lempMnMrmrlßaßlhlbnl
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    • Miscellaneous
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      166 28 Singapore Outlook: Showers oyer many areas in the early hours and pre-dawn. Report: Maximum temperature 32.0 Assoc humidity 62% Minimum temperature 23.2 Assoc humidity 100% Hours of sunshine 3.95 Rainfall in mm 74.2 Rainfall this month 125.7 Rainy days this month 5 World report Asia-Pacific Hi/Lo* Cond. Auckland 19/15 Cloudy
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      28 28 I \*D L\<€- SLEJS-P MWK i I UJC<Y LONIG HRUL JOURNEY feooo I WvID Pv %E.T Of 6PiRPuK»S) VjTC» TMe, SON? v ASSOCIATED NEWSPAPERS LTD.. IM2-IM2 08O» &>cL-
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  • Page 29 Miscellaneous
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      1563 29 TODAY'S TV off-beat 12.00 NNNews(M). Sesaat Dalam Pelukan, The Adventurers, 1.30pm, r K 1215 PW Kelah Remaja Angka3.45pm, SBC 5 SBC 5 H.'Irf,,.Go jet-skiing with Jeff "The j' M Varia Seni (M). about a modern-day Romeo Fish" Fischetti, BL 240 Drama PiHhan (M). and Juliet. Andi and Erna cut by
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    • Miscellaneous
      Page 29 Miscellaneous Column 2
      642 29 MOVIES ON TV Maktub: The Law of The Love and Curses... add All Desert 10.30pm, SBC 5 That Jazz, Tues, 10.30pm, In Part Two of this three- SBC 5 parter, the little prince finds Delta Burke and Gerald life in grandad's desert king- McRaney are two doctors dom a little
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