The Business Times, 19 December 1992

Total Pages: 30
1 30 The Business Times
  • 20 1 Business Times THE HI SIN ESS PAPER FOR S-E ASIA MITA (P) 552/12/92 Weekend Edition, December 19-20 1992 75 c
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  • NEWS & MARKETS
    • 68 1 BANGKOK Thailand's Parliament yesterday provisionally approved a national budget for the fiscal year that started in October which provided its first annual budgetary' deficit since 1989. The budget's proposed 560 billion baht (Ss36 billion) expenditure included a 10 billion baht increase made by the Chuan
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    • 54 1 BRUSSELS The European Community's annual inflation rate fell to 3.8 per cent in November from 4.0 per cent in October, the lowest rate since August 1988 (3.7 per cent), the EC statistics organisation Eurostat said yesterday. In November 1991, the annual rate was
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    • 36 1 THE US stock market pushed ahead yesterday morning in heavy trading at the quarterly triple witching hour. The Dow Jones Index climbcd 5.95 points to 3,275.18 at 1530 GMT in the first half hour.
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    • 30 1 LONDON share prices were higher in early trading yesterday. The Footsie index of 100 leading shares was up by 14.9 Ipoints or bv 0.5 per cent at "2,755.2.
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    • 37 1 THAI brokers have pledged to help quash a rash of rumours in the market triggered by official investigations into stock manipulation under the new securities law. said the Stock Exchange of Thailand. Page 2
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    • 32 1 FRASER Neave posted a strong earnings growth of 25.5 per cent to $72.1 million for the year ended September, thanks to a much lower tax charge Page 3
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    • Article, Illustration
      29 1 Friday Change BT-MGA 696.67 +9.44 Kuala Lumpur ....641.08 +-4.97 Tokvo 17.680.74 +242.83 Hongkong 5.192.66 -136.8 Sydney 1.515.7 +16.3 Thursday Change New York 3.269.23 +14.05 London 2,740.3 +7.5
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    • 25 1 Exchange rates USS SS SSI 6385 100 Yen SS 1.3310 MS SS 0.6348 Money market rates Overnight 3 1/2 unav 3-month 2 5/16% +2/16
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    • 37 1 London Gold AM fix IISS337.15 -USS0.60 Rubber S pore Jan I46.00«/kg -0.50 M'sia Jan ******/kg unch KL Tin Turnover 58tonncs +3 Spot MS 14.28/kg +0.02 Crude palm oil Turnover 460 lots -32 Jan MS933 /tonne 2
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  • 459 1  -  By Colin Tan SINGAPORE Five large prime properties put up for sale by tender have fetched record-high prices, and will bring in more than $100 million for its owners. Standard Chartered Bank, Business Times learnt yesterday. Altogether more than 50 bids were received
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  • 417 1  -  From Catherine Ong in HONGKONG CHINA has attacked Hongkong's oldest trading conglomerate, the Jardine group, for supporting Governor Chris Patten's political reforms, sending share prices into another tailspin yesterday. In a strongly-worded commentary, the official Xinhua News Agency accused the hong of using
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  • 342 1  -  By Sylvia Wong SINGAPORE The Malaysian government has relaxed one of its key guidelines on foreign property investments in the country. Foreign-owned condominium units worth less than M 5300,000 (*****.000) can be sold again after three years, instead of five, the Malaysian
    342 words
  • 561 1  -  Marine Parade GRC by-election By Anna Teo SINGAPORE Prime Minister Goh Chok Tong last night told Marine Parade voters he was looking for a big win today so he could deal quickly and decisively with the issues confronting Singapore, at home and
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  • Page 1 Advertisements
    • 99 1 Nikon Th« \Atorid'»FlnMt Photographic System. COVER jH^RffiSr Christmas EL I Aircraft Schedule EL 11 Commodities 1' Company News 3. 4 Cryptic Crossword EL 11 Futures Options 16 Interbank Fore* Rates Bangkok Jakarta Stocks KLSE Money Changer Rates EL 11 Money Market '*> Regional News 6 Regional Stock Markets S 8
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    • 8 1 OPINIONS India's rocky road to secularism EL 2
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    • 14 1 VIEWPOINT Sim Wong Hoo speaks his mind EL 3 Hock Ixxrk Sie». Pg 3
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    • 202 1 CHRISTMAS Of lasting value This watch belongs to the fgg* collection of antique watches at S reat tradition of the watchmakers of Geneva is preserved in the creation of a unique watch: The Rolex Oyster. jN^fSNUThe case of each Oyster necessitates 162 skilful operations an d is carved out of
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    • 14 1 '"TA Nikon Th*\Nbvtd'»RnMt Photographic System. CHRISTMAS The best time of the year EL 7
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    • 19 1 FINANCE Investment outlook 1993 EL 8 9 More reports, Pg 2 Delivering the message in the right lingo, EL2
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  • PAGE 2 NEWS
    • 409 2 Marine Parade GRC bv-eleetion SINGAPORE Singapore needs a strong government to deal with the challenges ahead, one of which is to invest in the region and build an external economy for its future prosperity. Senior Minister Lee Kuan Yew said last
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    • 260 2  -  Reports by Anna Teo, Chuang Peck Ming, Shoeb Kagda, Harish Mehta,Helen Chang SINGAPORE While Singapore must continue to encourage the use of Mandarin at the official level, it cannot and should not reject or cut off its dialect links, said Minister of
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    • 202 2 SINGAPORE Calling themselves the "poor man's" party, the Singapore Justice Party last night took the "rich" Singapore government to task for the rising eost of living. One of the party's candidates. sales executive Yen Kim Khooi. 37. said the People's Aetion Party
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    • 333 2 SINGAPORE The Singapore Democratic Party last night reiterated its call for a two-party political system. Emphasising that elections were a serious business. SDP's secretary-general Chiam See Tong. speaking at a rally at Marine Drive, said his party was not contesting the by-elect ion
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    • 212 2 SINGAPORE National Solidarity Party (NSP) candidates last night wrapped up its campaign for the Marine Parade GRC by saying it offered a "fresh vision" for Singapore's future and asking voters to "give them a chance" to serve. At a rally near the Paya Lebar
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    • 575 2 Current decline of market blamed on rumours after major investor charged Reuter BANGKOK The Stock Exchange of Thailand (SET) yesterday said Thai brokers have pledged to help quash a rash of rumours in the market triggered by official investigations into stock manipulation under
      Reuter  -  575 words
    • 217 2 SINGAPORE Singapore and Japan yesterday further liberalised their air services agreement, paving the way for more flights between both countries. Carriers from each country will be allowed to operate an additional 8.5 weekly 8747 services by 1994. The additional flights will result
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    • 210 2 SINGAPORE The managing director of E B Cioh Pte Ltd and his son were fined SIO.OOO each on Wednesday for multiple share applications. bringing to seven the number of persons charged with the offence since 19X9. Cioh Ee Beng. 65. was
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    • 242 2 SINGAPORE Thailand's sccond-oldest com mere ial hank. Nakornthon Bank, has tapped the offshore capital market for the first time for a US$3O million floating rate loan. The facility was arranged and lead managed by DBS Bank and the Bank of Nova Scotia Asia. The other
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    • 538 2  -  The Astra-Summa crisis From Maggie Ford in JAKARTA WILLIAM Soeryadjaya, the founder of PT Astra International. Indonesia's secondlargest conglomerate, has been given another grace period of 10 days to raise funds to retain control of his company. A new
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  • COMPANY NEWS 1
    • 543 3  -  Contributions from properties post steepest rise Reports by Genevieve Cua SINGAPORE Beverage group Fraser Neave posted a strong earnings growth of 25.5 per cent to $72.1 million for the year ended September, helped by a much lower tax charge. Analysts said the
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    • 401 3 NZ associate's losses, write-offs attributed to poor expansion strategy SINGAPORE Asia Pacific Breweries (APB) provided for an extraordinary loss of S$ 124.9 million on its New Zealand brewery associate Magnum Corporation, bringing the total writedown relating to Magnum to S$ 187 million. In a
      401 words
    • 305 3  -  By Quak Hiang Whai SINGAPORE Listed Van der Horst Ltd yesterday reported an after-tax loss of $4.48 million for the year ended in September, down from a net profit of $2.74 million previously. At half-time. Van der Horst was already in the red
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    • 695 3  -  THE HOCK LOCK SIEW COLUMN But how much assets can it move out of HK before '97? By Lee Han Shih SINGAPORE Is the writing on the wall for the Jardine Matheson group, Hongkong's oldest and most famous hong? Though this
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    • 438 3  -  By Joseph Rajendran SINGAPORE Wearne Brothers yesterday reported its second straight year of losses but said it expects a turnaround in the second half of 1993. Net losses for the year ended in September widened 76 per cent to 539
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    • COMPANY BRIEFS
      • 40 3 SINGAPORE The Stock Exchange of Singapore has asked the directors of Parkway Moldings if they were aware of any reasons behind the recent sharp rise in turnover of the company's shares on the exchange.
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      • 35 3 SINGAPORE The directors of Carnaud Metalbox Asia yesterday told the stock exchange that they knew of no reasons behind the recent sharp increase in the share price of the company.
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      • 36 3 SINGAPORE Powermatic Data Systems Ltd has appointed Yee Lat Shing. Chen Mun and Chan Kok Pun as members ot its newly-established audit committee. Mr Yee has been named the chairman of the committee.
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      • 29 3 SINGAPORE The shareholders ot Sunshine Allied Investments have passed a resolution to buy over the entire stake of GCIC Singapore for $17.4 million.
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      • 71 3 SINGAPORE Responding to queries from the Stock Exchange of Singapore, Pan Pacific Publications Ltd said the positive results for its half year ended Sep 30, 1992, were due largely to profits from the publishing division. The paper, retail and direct selling division continued to be
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      • 35 3 SINGAPORE The directors of QAF have informed the stock exchange that they were not aware of any reasons behind the sharp rise in turnover of the companv shares on Dec 17.
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      • 102 3 KUALA LUMPUR Benta Plantations Bhd plans to diversify into housing development in Penang. the company's first move into property development from its plantation activities. "We've got land in Penang," chairman Abdullah Ayub told newsmen after the company's annual and extraordinary general meetings here yesterday. However,
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    • COMPANY BRIEFS
      • 106 4 HONGKONG The Hongkong Stock Exchange plans to tighten its listing rules in the most sweeping overhaul of regulations in four years, the South China Morning Post reported. The exchange has released a 31-page consultation paper which laid out provisions relating to minimum standards for
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      • 48 4 SYDNEY Arnotts Ltd, Australia's largest maker of cookies and crackers, formally advised shareholders yesterday to reject US-based Campbell Soup's AsB.Bo a share takeover bid. The advice, filed as part of the company's response to the bid with the Australian Stock Exchange, was expected.
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      • 54 4 MADRID The Spanish government says it has persuaded the Kuwait Investment Office to prevent any further corporate collapses in its troubled Spanish empire and to reverse its nomination of the accountants KPMG Peat Marwick as "special representatives" to replace Kuwaiti management at the KlO's Spanish
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      • 58 4 TORONTO Bramalea Ltd said it will take an CsB3l million (551.07 billion) after-tax writedown on the value of its real estate assets, mostly land, in Canada and the US. The writedown includes the expected impact of the sale of more than Csl.6 billion worth of assets
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      • 67 4 TAIPEI Nien Hsing Textile Corps shares are expected to remain steady or rise when the denim maker lists on Taiwan's stock market next Monday, brokers said. The overall market may be volatile on the first day of trading after Saturday's general elections, but Nien Hsing
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      • 39 4 CINCINNATI The Procter and Gamble Co has said it expects to sell its commercial pulp business and timberlands early next year to an investment group led by a former executive for about US$l.2 billion.
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    • 340 4 It's an investment, not an acquisition, assures chief executive Reuter SYDNEY British Airways chief executive Sir Colin Marshall moved quickly yesterday to allay fears his airline's victory in a bidding war for a stake in Australia's Qantas would lead to a gutting of
      Reuter  -  340 words
    • 173 4 Bloomberg NEW YORK Compensation for chief executive officers is highest in the communications industry, according to a survey of 644 US companies by the Conference Board. CEOs of communications companies earned an average U*****,000 (Ssl.2 million) in salaries and bonuses in -1991, said
      Bloomberg  -  173 words
    • 251 4 FT BANGKOK Construction and engineering company Christiani and Nielsen (Thai) announced on Thursday that its shareholders had approved a plan to buy up to 100 per cent of its Copenha-gen-listed Danish parent. Christiani and Nielsen AS. for about US$BO million (S$ 131
      FT  -  251 words
    • 156 4 Bloomberg MELBOURNE Broken Hill Proprietary Co (BHP), Australia's largest company and a major world minerals, energy and steel producer, has said net consolidated operating profit for the six months to Nov 30 rose 23.4 per cent from a year-earlier period to Asso2 million (*****
      Bloomberg  -  156 words
  • Page 3 Advertisements
    • 208 3 I IN THE MARKET PAGES •KL market ends higher 11 Polls hit Taiwan shares 14 0 0 imp .i Mill put YOUR Q Key In ur B At the Omni Marco Polo Hotel, f mMHBB B we'd like to take this opportunity B wish everyone a very Merry Christmas "sft
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  • Page 4 Advertisements
    • 1220 4 FRASER NEAVE LIMITED (Incorporated in the Republic of Singapore) RESULTS FOR THE YEAR The directors are pleased to make the following preliminary announcement of the audited results for the year ended 30th SeptemberGROUP COMPANY 1992 1991 Change 1992 1991 Change $000 000 $000 $000 TURNOVER 1.420.411 1.327.687 *7 0 OPERATING
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    • 1218 4 ASIA PACIFIC BREWERIES LIMITED RESULTS FOR THE YEAR The directors are pleased to make the to!lowing preliminary announcement of the audited results tor the year ended 30th September GROUP COMPANY 1992 1991 Change 1992 1991 Change $000 $"000 $-000 $000 TURNOVER 742.328 699.305 6.2 TRADING PROFIT 106,356 100.622 5.7 Gross
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  • FINANCIAL NEWS
    • 413 5  -  By Shoeb Kagda SINGAPORE Banque Nationale de Paris is expanding its commodity financing business in Asia in response to the increased needs of its customers in the region, said a senior official of the bank. The world's largest commodity financier expects its
      413 words
    • 224 5 AP CHICAGO Accounting giant Arthur Andersen and Co is affiliating with Japan's second-largest audit corporation and they aim to merge next year. An accounting industry expert says the merger would create the largest accounting firm in Japan. Anderson said on Thursday that
      AP  -  224 words
    • 236 5 Reuter WELLINGTON Founder of collapsed New Zealand investment company Equiticorp, Allan Hawkins, was found guilty yesterday of seven fraud and conspiracy charges on transactions totalling NZ$52O million (Ss44o million). Justice David Tompkins delivered the verdicts in Auckland after three weeks of deliberation on
      Reuter  -  236 words
    • 231 5 NYT WASHINGTON Federal banking authorities said on Thursday that it cost banks US$l7.5 billion (5528.7 billion) each year to comply with increasingly stringent and complex regulations, but they cautioned against relaxing the rules as a way of stimulating the flow of credit to encourage
      NYT  -  231 words
    • 536 5 DBS Bank weekly currency review US$/DM: 'Clinton dollar" losing steam? The expected mild upside for the US dollar failed to materialise as the greenback traded lower every day, touching a low of 1.5520 deutschemarks on Wednesday, near support at 1.5500. A breach of this
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    • 294 5 FT LONDON Barclays Bank has provided £240 million (Ss6lB million) to cover possible losses on its £422 million exposure to Imry. a property group, in one of the largest individual debt writeoffs in UK banking history. The provision, of which £196 million has
      FT  -  294 words
    • 210 5 AFP TOKYO The Bank of Japan yesterday confirmed giving assistance to Hyogo Bank Ltd amid reports that the central bank and three commercial banks had lent around US$l billion (SSI.6 billion) to the troubled regional bank. Toshio Yoshizawa, head of the central bank's
      AFP  -  210 words
    • SMALL CHANGE
      • 97 5 BANGKOK The Bank of Thailand will pressure commercial banks to cut general lending rates next year, starting with the state-owned Krung Thai Bank, the Bangkok Post has reported. Commercial banks have cut prime rates many times this year, but have left unchanged
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      • 65 5 HONGKONG Hongkong and Shanghai Banking Corp will bring a new series of bank notes into circulation next month to coincide with the introduction of new coins by the government, the company said. The new notes, starting with HKSSO and HKSSOO denominations, will be the same
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      • 59 5 MOSCOW Alexander Perelygin. deputy head of the Moscow region security department, showing a very high quality fake US$lOO bill confiscated from a group of criminals on Dec 17. The group was caught attempting to sell fake bills with a face value of more USSI
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      • 74 5 FRANKFURT Credit Lyonnais' proposed acquisition of a majority stake in the BFG Bank, the financially-troubled German bank, has run into last-minute difficulties. The failure of the deal, which valued the German bank at 2.1 billion Deutschemark (552.2 billion), would be a big embarrassment for the state-owned
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      • 50 5 NEW YORK Citibank said it consented to pay the Securities and Exchange Commission a U*****,000 penally to settle a case involving cancelled corporate bond certificates thought to have been destroyed six years ago. The Citicorp unit agreed to the penalty without admitting or denying the allegations.
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  • Page 5 Advertisements
    • 209 5 PEMBRUSH .-t#~ > J ———pj The thoughtful gift for the seoson An international panel of judges has given thumbs up for the design features of the Pembrush the electric toothbrush with the powerful yet 1 gentle oscillating action proven to ef- r fectively remove bacterial plaque and stained pellicles with
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  • THE REGION
    • NOTE BOOK
      • 90 6 SYDNEY Australia spent A 55.9 billion (556.6 billion) more than it earned in the year to Sep 30, aceording to a report by Australia New Zealand Bank. The ANZ Savings Report shows that national savings fell for the sixth consecutive quarter to minus
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      • 67 6 MANILA A right-wing general suspected of involvement in coup attempts against former President Corazon Aquino came in from the cold yesterday for the first time in nearly six years and said he was ready to work for national reconciliation. BG Jose Maria Zumel, former
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      • 85 6 MAUMERE Two Indonesian soldiers supervised on Thursday the distribution of food and medicine pouring in from abroad for earthquake victims on Flores island. Transportation problems have hampered the distribution of aid relief, the Antara news agency reported yesterday. "The capacity of Maumere airport is limited, (so
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      • 50 6 CANBERRA Australia will allow women to fly combat aircraft immediately and to serve on its submarines from 1995, the government announced yesterday. Women will still be barred from army combat but can fly the Royal Australian Air Force's F/A-18 fighters and F-l 11 strike bombers.
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    • 348 6  -  Company negotiating with Hanoi to value plant and machinery By Colin Tan SINGAPORE International property consultant Colliers Jardine. which received its Vietnamese real estate licence last month, is negotiating with Vietnamese authorities to value plant and machinery for them. This was disclosed yesterday by
      348 words
    • 383 6 Three get 14 years" jail each for seeking to overthrow govt UPI BANGKOK Laotian authorities have sentenced three former government officials, including two former Cabinet ministers, to 14 years in prison each for seeking to overthrow the communist regime in Vientiane, state-run radio said. Radio Vientiane, in
      UPI  -  383 words
    • 235 6 AFP UNITED NATIONS Negotiations between Portugal and Indonesia on the status of East Timor broke oIT on Thursday at the UN headquarters with no progress made, diplomats from both sides said. The talks will resume on April 20 in Rome, said Joe
      AFP  -  235 words
    • 181 6 AFP CANBERRA Australia's central bank chief said yesterday the economy would be testing 4 per cent growth by the end of the next calendar year. "Growth is picking up," Reserve Bank governor Bernie Fraser told reporters after addressing the House of Representatives banking
      AFP  -  181 words
  • SHIPS IN PORT
    • 536 6 n»wi toy No Berth Arrival Departue Vessel toy No Berth Arrival Dtpartoe Marina Wharves Son Ca 2/92 P04 alongside 1812/0600 Batam Indah N13 M02 alongside 17 13/2300 Song Tien 01 16/92 P09B alongs«Je 17 1 3/2300 Batam Mutn. *****2 M04 alongside 18 12/2300 Thach Han 1/92 P088
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    • 2064 6 DELIVERY OF Fa IMPORT CONTAINERS IN PROGRESS '9jt Voy Wo Contanen avaiabte Sty Voy No Cortanm ivaiabte flOCL F«Wrt IOC 16 12 92 0735 Lars Ms 9213 COO(EST) 17.1292 1500 0 Sumatra 85N *****2 0800 Cak Apoto 41/257 COO(ESI) 17 1292 1500 r Or Kmght 7326W 16.12.92 0855
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  • THE WORLD
    • 479 7 President-elect hopes to complete major appointments before Christmas NYT WASHINGTON Presi-dent-elect Bill Clinton has chosen Rep Les Aspin of Wisconsin, chairman of the House Armed Services Committee. as Secretary of Defence and Richard W Riley, a former governor of South Carolina, as Secretary of Education.
      NYT  -  479 words
    • 393 7 Knight-Ridder WASHINGTON President George Bush on Thursday formally signed the North American Free Trade Agreement (Nafta), clearing the way for Congress to begin the process of ratifying the controversial pact. Mr Bush, speaking at the Organisation of American States before signing the
      Knight-Ridder  -  393 words
    • 541 7 AP LONDON China wants to concentrate on economic expansion for at least the next 50 years and has no superpower ambitions or aggressive designs on its Asian neighbours, a Chinese diplomat said on Thursday. Ma Yuzhen, China's ambassador to Britain, said his
      AP  -  541 words
    • 365 7 EIEMPDE, Netherlands Say "clog" and most people think of Holland. Not Harry van der Vleuten. He thinks of China. And he sees red. "Any Chinese can make a hole in a lump of wood, and that's what they do." fumes the Dutch
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    • 213 7 AFP ISLAMABAD Work has started on the first internationally sponsored multi-million-dollar thermal power project in Pakistan's private sector, described officially as the largest such project in the Third World. Backed fully by the World Bank, the Hubco Power Project, which is to
      AFP  -  213 words
    • WORLD WATCH
      • 116 7 TOKYO Japan's net worth fell in fiscal year 1991-92 (April-March) for the first time since the Economic Planning Agency began recording gross national products figures in fiscal 1955. the agency said yesterday. Japan's net assets total assets minus debts stood at 3,419 trillion
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      • 70 7 WASHINGTON Republican Congressional leaders, noting the up to 17 hours of live broadcast coverage of Presi-dent-elect Bill Clinton's economic conference, asked on Wednesday for equal attention to Republican events. The two-day conference in Little Rock, Arkansas, was paid for by the Democratic National Committee. Senate Republican
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      • 82 7 NEW DELHI Security around jailed leaders of the Hindu nationalist Bharatiya Janata Party (BJP) will be strengthened after a newspaper reported they could be the targets of a death squad, the Indian government said yesterday. Security will be tightened at the guest house where BJP
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      • 61 7 MOSCOW Newly-appointed Russian Prime Minister Viktor Chernomyrdin will travel to Kazakhstan for his first ofTicial visit, the government press office said yesterday. The new head of government was expected to leave Moscow yesterday afternoon and spend two or three days in Alma-Ata to discuss economic
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      • 86 7 BEIJING Beijing's hardline Communist Party secretary Li Ximing. a prominent supporter of the 1989 military crackdown on the democracy movement, has been sacked add replaced by Mayor Chen Xitong, the official press reported yesterday. The capital's new 54-member Communist Party Committee made the decision during its
        86 words
      • 73 7 CAPE TOWN South Africa and its nominally independent Transkei tribal homeland have launched rival investigations of the Azanian People's Liberation Army (APLA). tfie black guerilla group behind two attacks on whites. Supreme Court Judge Richard Goldstone yesterday announced the Pretoria probe, which will be monitored
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    • 290 7 NYT JERUSALEM Israeli authorities expelled nearly 400 blindfolded Palestinians from the West Bank, casting a huge shadow on the Middle East peace talks. They were taken towards southern Lebanon, which Israel controls, according to the BBC Leading Palestinians said yesterday that Prime Minister
      NYT  -  290 words
  • Page 7 Advertisements

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4032 8  -  By Moiz Tyebally SINGAPORE shares extended their gains across the board yesterday as local and foreign investors snapped up blue chips ahead of today's by-election. Boosted by active buying, the benchmark Straits Times Industrials Index shot up 23.49 points to 1.491.80 at
      4,032 words
    • Article, Illustration
      76 8  -  Paul Leo CMB Packaging Bhd closed at $8.00 from this year's low of $4.82 in September and is poised for a correction back to support at $6.55. Below $6.55, the next support is at $5.90. Monthly, weekly and daily RSIs are above 75, indicating it is overbought. Monthly, weekly
      SOURCE: BRIDGE INFO  -  76 words
  • Page 8 Advertisements
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      102 words

  • 3113 9 F&N 1160 *60 5.5% MB Asia 801) 50 +6.7% DBS 1140 +40 +3.6% UOB Foreign 845 +-35 +4.3% Asia Pacific 1130 30 +2 7% Inchcapc 50c 510 t 30 t 5.4% SI A Foreign 1700 30 +1 8% Prima 595 +25 +4.4% Koth Inds 50c
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  • Page 9 Advertisements
    • 184 9 Ik iv YOUR VERY OWN HASSLE-FREE UCnONCNg^^WGSmiCB news ot^cr pertinent information on companies listed on the Stock Exchange And for 6 subscription fee of onlg $250 per month, you and your company can II Singapore Clob International are important to you and your business, then SPH subscribe to this specialised
      184 words

  • 3429 10 Magnum Corp 50c 580 +25 4-4.5% H Lcong Credit 4 W) +20 4-4.9% M Kcsoun.cs 151 +12 +8.6% NST 390 4-10 +2 6% Simc Darby 50c 310 +8 +2.6% KL kepimg 218 4 6 +2.8% (>okleri Hope 137 +5 +3.8% Mill 174 5 +30% Dunlop
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  • Page 10 Advertisements
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  • KUALA LUMPUR STOCK EXCHANGE
    • 5684 11 Bernama THE local bourse benefited from a firmer buying sentiment to close higher yesterday following a relaxation in the rules governing property purchases by foreigners. Buying support for the second board counters also continued unabated with further gains. The KLSE Composite Index
      Bernama  -  5,684 words

  • CHINA STOCK EXCHANGES
    • 410 12 THE CLSA Shanghai A Index ended the week at 4,620.7, a dft>p of 3.4 per cent from a week ago. Turnover remained thin at 10.1 million shares. The Shanghai Stock Exchange announced sevural proposals yesterday to improve its operations but investors have yet
      410 words
  • JAKARTA STOCK EXCHANGE
    • 1048 12 Reuter STOCKS closed lower yesterday in quiet half-day trade, brokers said. "Investors were still staying on the sidelines as the market was directionless." one broker said. The official index ended 1.18 points lower at 271.85. Astra International closed 2(H) rupiah lower at
      Reuter  -  1,048 words
  • STOCK EXCHANGE OF THAILAND
    • 2193 12 Reuter MAJOR property firms closed off their highs yesterday following afternoon selling. and other stocks ended mixed, brokers said. The SET Index finished 0.95 point lower at 848.97 on turnover of 4.42 billion baht. Losers led winners 125 to 79 with 82 shares unchanged. Turnover
      Reuter; Source: Bridge Info  -  2,193 words
  • Page 12 Advertisements
    • 58 12 |H II I 111 hA I i II i lIHI I I I 111 II I I Find out I I■ I I I I H I I IF I I■ I I VIII Personal Investment and Finance. II I I I I I 111 ■II I I I I
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  • TOKYO STOCK EXCHANGE
    • 2623 13 Reuter STOCKS pushed their rebound into a second day yesterday and closed firmer. Buying by public pension funds and foreign investors eombincd with year-end win-dow-dressing to lift prices, brokers said. The Nikkei closed above its 200-day moving average for the first time this year.
      Reuter  -  2,623 words
  • STOCK EXCHANGE OF HONGKONG
    • 2679 13 Reuter SHARE prices closed sharply lower yesterday on the back of China's attack on the Jardine Group over support for Hongkong Governor Chris Patten's reforms, brokers said. The blue-chip Hang Seng Index fell 136.80 points or 2.57 per cent to 5,192.66 and Jardine Matheson
      Reuter  -  2,679 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2044 14 Reuter THE share market closed higher across the board yesterday, aided by a good interim profit result from market leader BHP. Shares opened strongly before dipping immediately after the BHP result. which some felt was below expectations. "But once brokers had analysed the
      Reuter; Source: Bridge Info  -  2,044 words
  • REGIONAL STOCK MARKETS
    • Poll uncertainty pulls back Taiwan shares
      • 564 14 PROFIT-TAKING from early gains and political uncertainty ahead of today's parliamentary elections pulled stocks slightly lower yesterday, brokers said. The Weighted Index opened higher but closed 10.68 points down at 3,657.99. Turnover was a moderate NTS9.S billion against Thursday's NTSB.B billion. The market will be closed today and reopen
        564 words
      • 582 14 SHARE prices finished lower yesterday as the market opened soft and investors took profits in somewhat listless trading to end a technical rally after only two days, brokers said. The Manila Stock Exchange Composite Index lost 10.92 points to close at 1,215.81. Losers outnumbered gainers 46 to 14. "It
        582 words
      • 433 14 THE share market closed square with prices mixed on relatively heavy volume yesterday. The NZSE-40 Capital Index was down 0.38 at 1.509.13. Ord Minnett broker John Rattray said prices in middle tier stocks such as Fisher Paykel and Wilson Horton. which have each had a good run-up. were
        433 words
      • 50 14 INDICES TURNOVER Close Dec 18 Previous NEW ZEALAND NZSE-40 Capital 1.509.13 1.509.51 -o'.ts MANILA Composite Index Turnover (mil pesos) 1.215.81 2163 1.226.73 261.3 -10.92 -<5.0 TAIPEI Weighted Price Index Turnover (NTS billion) 3.657.99 9.5 3.668.67 8.8 -10 68 ♦<J.7 SEOUL Composite Stock Index Turnover (billion won) closed 660.60 703 15
        50 words
      • 665 14 Seoul IX* 17 U on COO) Anam Ekxtnc Ind 145 unch Anam Ind 171 2 \nkuk Insurance 650 unch Asia Cement 275 5 Asia Motors 116 -2 Bank Of C he Ju 162 +5 Bank Of I'usan 115 I Bank Of Seoul 102 +2 BvuckSan 193 +2 Chcil Sugar 290
        665 words
  • Page 14 Advertisements

  • WORLD STOCK MARKETS
    • US stocks snap five-day losing streak
      • Article, Illustration
        1274 15 STOCKS closed higher in heavy trading on Thursday as a late round of com-puter-guided buy programs tied to "tri-ple-witching hour" helped the market soap a five-session losing streak. Z THie Dow Jones Industrial Average, which tumbled 29.18 points on Wednesday, rebounded 14.05 points to :3,269.23. But the blue*chip
        1,274 words
      • Article, Illustration
        705 15 STOCKS were firm on Thursday in substantial trading volume thanks to a large-scale trading program and end-of-year institutional buying, operators said at the close. The 100-share Footsie Index, which started the day with a loss in the wake of Wall Street, shifted gears later in the day and finished
        705 words
      • 381 15 SHARES ended a life-less session mixed to a touch firmer on Thursday, with traders moving to the sidelines ahead of the expiry of stock options and futures yesterday and as the yearend approached. The 30-share DAX Index ended 4.10 points higher at 1,476.17. It had spent the day in
        381 words
      • 79 15 INDICES TURNOVER NEW YORK cw Pi*»iou% IXx 17 Dow Jones S& P 500 Turnover (million) 3.269.23 ***** 251.64 3.255.18 431.52 244 04 14 05 t 3.91 ♦-7.6 LONDON rrst ioo FT-30 Turnover (million) 2.740 3 2.092.5 816 0 2.732.8 2.081.6 676.1 7.5 10 9 139.9 FRANKFURT DAX Index 1.476.17 1.472.07
        79 words
      • 264 15 SHARES started a little weaker on Thursday, weighed by Wall Street's decline and a weak start in London, but soon pushed back to close mixed as the UK market picked up. The EOE Index ended 0.37 weaker at 277.62. Dealers say the market is now expecting to slip effortlessly
        264 words
      • 228 15 SHARE prices erased virtually all their losses to finish steady on Thursday as news that the government will launch an economic stimulus plan and renewed speculation of an eventual devaluation of the franc coursed through the market. The CAC-40 ended down 1.46 points, or 0.08. at 1,735.23. Of CAC-40
        228 words
      • 239 15 SHARES ended higher on Thursday on the promise of both lower bank lending rates and progress over privatisations. But dealers said rumours of more political scandal had set ofT profit-taking. "The market is nervous and would not have fallen without talk of that kind," one broker said. The MIB
        239 words
      • 267 15 SHARES firmed in the last trading hour, turning a slightly easier mid-day close into a positive finish on Thursday. A firmer tone on Wall Street and a recovering US dollar helped prices strengthen, dealers said. Trade was quiet, with most investors having already cleared their books ahead of yesterday's
        267 words
      • 145 15 SHARES rose on Thursday on support from pharmaceutical firm Astra and a weaker kronor, which is good news for the country's exporters. "Astra has such a heavy weighting (in the index) that when it goes up, the whole market follows suit," one institu- tional dealer said. The All-share Index
        145 words
      • 131 15 SHARES closed fractionally lower on Thursday, the first day of the new forward market account, failing to benefit from a technical recovery in oil major Petrofina and a surge in steel maker Cockerill Sambre. The Bel-20 Index of leading shares closed 0.36 point lower at 1,105.99, with total trading
        131 words
      • 374 15 EQUITY prices bounced off mid-day lows in lethargic late afternoon trade on Thursday on expectations of a slightly firmer Wall Street, but the shares were still down on the day, which was marked by a continued lack of real interest in the market. "The shares are up slightly ahead
        374 words
      • 246 15 CONTINUED strength in gold shares and a third round of prime lending rates this week boosted stocks on Thursday, dealers said. The consumer products group was among big gainers, fuelled partly by expectations of a US consumer-led recovery spilling into Canada. The TSE-300 Index ended up 8.2 points at
        246 words
      • 48 15 Vienna l)ec 16 Asch Ak« Holding 1128 +53 twnk Austria (P) 464 I E Allgem (P) 1641 -25 Jungbunzl ***** unch Lenzing 655 1 Lcykam 255 10 Oeslerr Brau 465 10 Semperit 97 unch Sleyr 197 3 V'citscher 242 unch Source: /.-Landerbank Bank Austria Source: Z-Landerbank Bank Austria
        48 words
  • Page 15 Advertisements

  • CURRENCY, MONEY & FUTURES MARKET
    • 1168 16 REPORTS ASIA TOKYO: The dollar held on to its earlier gains against the mark and the yen at an uneventful pre-weekend Tokyo close yesterday, Tokyo dealers said. Early short-covering boosted the dollar, but it came to a halt as its
      1,168 words
    • 400 16 Cross rates p* 18 US$ S$ MS Dm Yen SFr AS NZS US$ 1.6380 2.5780 1.5610 123.10 0.6333 1.4000 1.4472 1.9305 S$ 0.6105 1.5739 0.9530 75.1526 0 3866 0.8547 0.8835 1.1786 MS 0.3879 0.64 0.6055 47.7502 0.2457 0.5431 0.5614 0.7488 Dm 0.6406 1.0493 1.6515 78.86 0.4057 0.8969
      400 words
    • 602 16 Interbank rates SS» Bid Offer Overnight 3 1/2 3 3/4 1-month 2 1/16 2 3/16 2-month 2 3/16 2 5/16 3-month 2 5/16 2 7/16 Overnight mode: 3 USS Bid Offer 7 days 3 3 1/8 1 month 3 9/16 3 11/16 2 months 3 1/2 3 5/8
      602 words
    • 417 16 Bloomberg LONDON Thursday's sale of 80 million European currency units (SS 165.4 million) of bonds by the European Community shows there's life yet in the beleaguered ECU market, analysts said. ECU bonds have been shunned by many investors ever since
      Bloomberg  -  417 words
    • 1473 16 SIMEX EUR000L1AR Open High Low Sett Est Vol Act/Vol Op/lnt Mar 93 96.22 96.25 96.22 96.24 8000 ***** ***** Jun 93 95.76 95.79 95.76 95.78 3700 6714 ***** Sep 93 95.29 95.32 95.29 95 31 1370 4606 5927 Dec 93 94.67 94.69 94.66 94 68 625 3097 2964
      1,473 words

  • COMMODITIES
    • 347 17 Bloomberg NEW YORK Alcan Aluminium Ltd. facing a second straight year of losses from the worst aluminium prices in a decade, is "not optimistic" that aluminium prices will improve next year, chairman David Morton said. Growing world demand, Mr Morton added,
      Bloomberg  -  347 words
    • 285 17 Knight Ridder TOKYO Copper prices are likely to gradually improve over the next year, but the pace will directly depend on a recovery in the US economy, Japanese industry sources say. "The economies of Japan and Europe will continue to slump next
      Knight Ridder  -  285 words
    • 756 17 REPORTS T HE price of tin rebounded on the Kuala Lumpur Tin Market to close two sen higher at M 514.28 per kg yesterday dealers said. "The market sentiment is steadv but quiet," a dealer said. Tin. which fell US$2O per
      756 words
  • 1677 17 Rubber RAS Commodity Exchange (futures closing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) Buyers Sellers Close Volume Open As at 12 noon <S ecnts/kg) Month High Low Sett (tonnes) Interest RSS 2 Jan 93 141.00 4' 0ON Jan 93 Feb Mar 146.25 146.75 0.00 146.00
    1,677 words
  • Page 17 Advertisements
    • 225 17 BUSINESS TI M-E S Toll tree Tel No 737 0043 -Fax No: 734 3698 Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents 7 Call our Hotline 749-2577 for locations of nearest newsstands SEVEN SEAS CRUISES PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY
      225 words

  • 530 18 KOREAN ts3n©iiiks Ruling party candidate has 41.2 pc of vote in early counting AP, Reuter SEOUL Ruling party candidate Kim Young Sam took an early lead in South Korea's presidential election yesterday, taking 41.2 per cent of the vote after 10.5 per
    AP,; Reuter  -  530 words
  • 386 18 Reuter LONDON US Presidentelect Bill Clinton said in an interview published yesterday that he was ready to trim his four-year US$22O billion (SS36I billion) spending programme to meet his goal of cutting the ballooning public deficit. Limiting corporate tax deductions for health
    Reuter  -  386 words
  • 407 18 Reuter HANOI Vietnam yesterday invited families of American servicemen missing in action (MIA) from the Indochina war to help search for their remains and agreed to open secret army files to assist in the process. "There couldn't have been a greater
    Reuter  -  407 words
  • 293 18 Reuter BFIJING American Commerce Secretary Barbara Franklin ended a visit to Beijing yesterday saying human rights concerns would not block US business out of the huge Chinese market. Ms Franklin, whose visit lifted a key US sanction imposed after Beijing crushed
    Reuter  -  293 words
  • 480 18 AFP. Reuter TAlPbl While Taiwan's ruling Kuomintang (KMT) is assured of victory today in the island's first full elections in more than 40 years, the result could mean the end of the party's virtual monopoly on political power. "The
    AFP.; Reuter  -  480 words
  • 477 18 AFP, Reuter BEIJING Russia can take inspiration from China's shock-free reforms and is ready for full cooperation in all fields. President Boris Yeltsin said yesterday. Winding up the key part of his three-day visit to China, Mr Yeltsin praised 14 years
    AFP,; Reuter  -  477 words
  • 233 18 Reuter PHNOM PENH Khmer Rouge guerillas yesterday released 46 Indonesian UN peacekeepers who had been held at a base in central Cambodia for one day, ending the third confrontation of its kind this month, a UN spokesman said. The 46 peacekeepers had radioed
    Reuter  -  233 words
  • 458 18 AFP TOKYO Japan's most influential political group in the ruling Liberal Democratic Party (LDP) split into three yesterday when former finance minister Tsutomu Hata and 43 other lawmakers formed a new faction. Mr Hata immediately pledged to work for internal political
    AFP  -  458 words
  • Page 18 Advertisements

  • Executive
    • 2192 19  -  CHRISTMAS FICTION Jaime Ee celebrates the season with a tale of two rabbits and a small miracle Jaime Ee PINKY had never seen such a huge Christmas tree before in her entire life. It was so big it looked like it reached the sky. It
      Illustration from Gourmet magazine  -  2,192 words
    • STRAWS IN THE WIND
      • 43 19 QUOTE for the season: "I am a poor man, but I would gladly give 10 shillings to find out who sent me the insulting Christmas card 1 received this morning." from The Diary of a Nobody. by George and Weedon Grossmith.
        43 words
      • 41 19 TALK abut innovative Christmas cards advertising company Saatchi Saatchi sent out little packages saying it had imported a snowman to Singapore especially for each recipient. Open the package and you get the snowman's remains water, top hat and scarf.
        41 words
      • 85 19 STILL on Christmas cards: thumbs down to companies that send out cards which look more like advertisements for them. The National Computer Board, for one, sends out this card with a merry 'Season's Greetings' on the cover, but open it up and you get a distressing Termi-nator-like
        85 words
      • 30 19 AWSJ's quote of the day: George Stephanopoulos, US President-elect Bill Clinton's transition communications director, on the economic conference in Little Rock. Arkansas: "Now is the winter of our content."
        30 words
    • OPINIONS
      • 983 20  -  The PAP appears to have returned to the grassroots politics of the '60s in the Marine Parade GRC by-election campaign, says Anna Teo Anna Teo The writer is a BT correspondent IT WOULD perhaps be stretching it a bit to say you could
        983 words
      • 901 20  -  Salil Tripathi, a long-time avid fan, pays tribute to the BBC's World Service, which turns 60 today Salil Tripathi The writer is a BT journalist MY earliest memories of the BBC come from my boyhood in Bombay. I would sit in the balcony of
        901 words
      • 1296 20  -  Secularism has never been an easy route. But it is the best and only route available to India, says Harish Mehta Harish Mehta The writer is a BT correspondent THE India where I grew up has gone the way of a million mutinies,
        1,296 words
      • 251 20  -  Donald Nagger JOHN BITTLESTON's tendentious artiele (Dee 12/13) must not go unanswered as I suppose it is remotely possible that some people might believe that his grotesque parody of eonditions in Britain is some approximation to the truth. There are two issues. The first is
        251 words
    • VIEWPOINT
      • 1778 21  -  CONVERSATIONS I RAFFLES Sim Wong Hoo, driving force behind the first Singapore company to be listed on Nasdaq, talks to Kenneth James about why he chose a US listing, the lack of entrepreneurs in Singapore, and how he aims to clone himself Kenneth James ITS HIS billion-dollar baby,
        Photo by Arthur Lee  -  1,778 words
      • 870 21 SINGAPORE could do with more entrepreneurs, Sim Wong Hoo feels. "Singapore does not have enough entrepreneurs compared to societies like Hongkong, Taiwan cultures with a lot of Chinese. Chinese are typically very enterprising businessmen, traders and so on. But when they come to Singapore, somehow, all
        870 words
      • 827 21 IF HE could. Sim Wong Hoo would clone himself. Not literally, of course anyway, "it's hard to find an exact clone" but by recruiting people who share the kind of spirit that's made Creative Technology what it is today. "It's in the company already," he
        827 words
    • EPICURE
      • 538 22  -  Jaime Ee finds Pronto a restaurant worth revisiting Jaime Ee IF YOU always thought poolside dining in Singapore meant the übiquitous steamboat (or Korean barbecue, if you're lucky) dinner, well, keep your garlic and chilli sauee. And if you thought eating at the Oriental Singapore in
        538 words
    • LIFESTYLE
      • 753 23  -  WINE By N K Yong FOR those who need to stock up their cellars, or to fill the gaps in their collection, or who are compulsive buyers and there are quite a few of these! the word is "BUY NOW". This is the time to buy for
        753 words
      • 543 23  -  Nirmal Ghosh checks out the newly renovated Daiinaru supermarket on River Valley Road Nirmal Ghosh DAI MAR Li's supermarket has undergone a facelift as part of a renovation of the department store that will eventually cost up to S2 million. according to
        Picture by Chris Loh  -  543 words
    • CHRISTMAS FICTION 1
      • 981 24  -  Kids these days are hard to please, as old St Nick discovers during a visit to Singapore. Susan Tsang on how wish-lists have changed Susan Tsang CHRISTMAS Eve was here again, and Saint Nicholas packed his sleigh, bracing himself for another year's work. Things were
        All illustrations by Fritz Wegner  -  981 words
      • 1495 25  -  Christmas held some very special memories for little Nicu. Nirmal Ghosh tells his story Nirmal Ghosh THEV called him Nicu, his parents and his uncle, kindly old people who would pick him up and cuddle and kiss him with their breath smelling of tobacco
        1,495 words
    • PERSONAL FINANCE & INVESTMENT
      • 1389 26  -  What's in store for the Singapore stoek market? Do regional markets offer better returns? And are you better off placing Moiz Tyebally finds out what the analysts are recommending Moiz Tyebally LOW interest rates, the strong Singapore dollar, rising incomes, rising
        Source: Kim Eng Securities; Source: Singapore Tourist Promotion Board  -  1,389 words
      • 616 26  -  CHART By Najeeb Jarhom The writer is research manager of Fraser Securities Pte Ltd FOOD-BASED component stocks of the Straits Times Industrials Index, such as Cerebos Pacific and Yeo Hiap Seng, have finally contributed their share to the market barometer's recent rise. The F&B
        616 words
      • 652 26  -  Paul Leo forecasts the trends for the new year Paul Leo Malaysia's Kuala Lumpur stock exchange benchmark, the Kuala Composite Index, which tracks 83 companies, will continue to gain ground in I9<J3. An analyst forecast that it will reach 750 by the end
        Source: Bridge  -  652 words
      • 956 27  -  your money in currencies and gold? BT brings you a special two-page package on the investing outlook for 1993 A weak Japan and Europe are likely to give a boost :to the greenback, reports Quak Hiang Whai Quak Hiang Whai Things are looking up in
        Source: TeleTrac  -  956 words
      • 967 27  -  Salil Tripathi on why demand for the metal will see new highs Salil Tripathi DESPITE anaemic economic recovery worldwide, Timothy Green believes that demand for gold is going to rise. He ought to know: as chief consultant of Gold Fields Mineral Services
        967 words
      • 526 27  -  Shoeb Kagda explains how the instrument works Shoeb Kagda Options trading the new catchword among investment gurus worldwide is scheduled to start on the Singapore Stock Exchange in January with 24 stock options. The SES move is seen by many in the
        526 words
    • SPORTS
      • SIDE LINES
        • 127 28 GOLD COAST. Australia Defending champion Jane Cieddes holed a stirring 100-ft eagle putt on the 18th green yesterday to take a one-shot lead after the first round ot the Alpine Australian Ladies Masters golf tournament at Royal Pines. Geddes had a flawless 6-under-par round
          127 words
        • 100 28 NEW YORK Seventy-one major league players made USS3 million (554.92 million) or more in 1992, up from 34 in 1991, according to a salary study by The Associated Press. A total of 177 players made US$2 million or more, up from 127 a year ago,
          100 words
        • 88 28 ATLANTA, Georgia Pitcher Tom Glavine agreed to a US$25 million (Ss4l million), four-year deal here on Thursday that will keep him with the Atlanta Braves. Glavine, the only major league pitcher to win 20 games in each of the past two seasons, earned U552,975 million
          88 words
        • 109 28 LAKE LOUISE, Alberta Canadians Kate Pace and Kerrin Lee-Gartner posted the fastest times on their home course on Thursday in a training run for today's women's World Cup downhill ski race. Pace came from the 35th start position to complete the twisting and turning 34-gate Olvmpic
          109 words
        • 99 28 QATAR Jansher Khan began the richest squash tournament outside the world championships, the Qatar International, with a crushing win and a chilling warning on Thursday. The 23-year-old Pakistani, who now has all three major titles on the circuit, outplayed Jason Nicolle, a member of England's world silver
          99 words
      • 787 28 Craig Parry only player to get under regulation 70 NYT MONIEGO BAY, Jamaica Amid lush-life luxury in a tournament in which last place gets US$5O,OOO (S$82,000) and first gets better than 10 times more, the world's best golfers were ambushed on Thursday
        NYT  -  787 words
      • 481 28 UPI NEW YORK Riddick Bowe announced on Thursday the date of his first heavyweight championship defence, the opponent of his second, and that his next six title bouts will be on either the HBO cable network or TY'kO pay-per-view. Bowe will fight on Feb 6
        UPI  -  481 words
      • 797 28 AP NEW YORK Jim Courier, the quiet one, and Monica Seles, who silenced herself at the worst possible time, ruled tennis in 1992 while John McEnroe, the noisiest champion ever, bowed out as raucously and artfully as he began. If McEnroe's singles career is over, as
        AP  -  797 words
      • 649 28 NYT NEW YORK Last week, David Lettcrman, who is funnier than even some baseball owners, agreed to a contract with CBS for US$l6 million (SS26 million) a year. On learning of this, there was not a wholesale uproar, with callers to radio talk
        NYT  -  649 words
      • 657 28 Reuter LONDON The Olympic family buried its grievances and united as never before in 1992. South Africa returned from decades of sporting and political exile. Germany was one nation, the fragmented Soviet empire came together as a Unified Team and, for the first time
        Reuter  -  657 words
    • TRAVEL
      • 1077 29 City Flight ETA Flight ETD City Flight ETA Flight ETD h Wuhi 0010 SQ.1I 1705 SQM2 1530 GA976 SQ113 1750 MH631 1615 Adelaide SQ228 2015 SQ671 1810 SQ114 1700 Amman RJ187 0130 MH644 1825 MH614 1715 MH617 1855 MH616 1715 Amsterdam SQ319 0810 KL838 0040 SOI
        1,077 words
      • 675 29  -  LETTER FROM SAN FRANCISCO By Adrian Croft A SMALL group of craftsmen in San Francisco is keeping alive an old skill, lovingly building new cable cars to toil up the city's hills, identical to and perhaps even better than the ones built 1 (X) or more
        675 words
    • 157 29 As at 10am yesterday: Ixical dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1263 1.1421 Canadian dollar 1.2724 1.2982 NZ dollar 0.8393 0.8600 Sterling pound 2.5755 2.6118 US dollar 1.6350 ***** Ixicul dollars to 100 units of foreign currency Austrian schilling 14.80
      157 words
    • 68 29 Duration Title Venue Organiser Tel Jan 20-23 British Education Barbican EMAP Intl 071-*****47 Training Centre. Exhibitions Ltd. Technology. London London Jan IV-24 International C "ologne. Mevsc-und (4«))22l/ Furniture Fair German) \usMcllungs*****74 (ic>.ni.b h. koln Duration Title Venue Organiser Tel Jan 25-27 Fishing Aberdeen. T rcnton 081-680 0587
      68 words
    • 647 30 ABBA The Movie. In 1977, before music videos, they had footage of a band on stage. Unified by a skimpy plot about a deejay chasing the Swedish group through an Australian tour. Yishun 10: 12.45; 7.25; 11 45. A Few Good Men. Tom Cruise as a navy lawyer in
      647 words
  • Page 19 Advertisements
    • 264 19 EXPRESS SHAREifc&Afi! The "•>" way of turning shares into (g HONG LEONG FINANCE LIMITED SINGAPORE FINANCE LIMITED *****33 i 5 GEographique. 5 Around the world in 24 hours. WORLD NEVER SEEN A WATCH QUITE LIKE THE MECHANICAL CCOGR APHIQUE BEFORE: FASHIONED in is K rr 1 AUTOMATICALLY WdLxk NEW STANDARDS
      264 words

  • Page 20 Advertisements
    • 29 20 LETTER TO THE EDITOR BI welcomes letters from you. Please address them to: The Kditor. Business Times, 390 Kim Seng Rd, S'pore 0923. letters should include >our contact numbers.
      29 words
  • Page 20 Miscellaneous
    • 50 20 DOONESBURY GARRY TRUDEAU PONT TAKE OFFBNSE AT WELL YES ONC6. BUT tTUJASA "SUBJECT ANY OF THCCC QUESTIONS, UK3'CLINTON IP/PN7 JOKE- I'M ENJOYSJOKE6 n MA'AM, THefRESTPJcnr inhal£imha< urc n nervous. atpfesidentROUTINE. HRST OF ALL, A HTE-. YOUPCNT ELECTS EXHAVE YOUWER USE? w J NEW 10 PENSE-.* J ILLEGAL DRUGS? 3 PUTTIN...
      50 words


  • Page 22 Advertisements
    • 227 22 Nothing Beats A Bud. OF EThe Winter Solstice Festival WJrom the master chefs of Ding i Shan Restaurant in Jiangsu Province China, come sample 10 varieties of sweet and savoury winter dumplings "Tang Yuan" at the Harbour View Dai-Ichi Hotel Singapore and the King's Hotel. Complementary snack items include Jiangsu
      227 words
    • 304 22 HIGH TIA AT CAFE CAROUSEL Adult $10.80++ Child $B.Bo++ You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes, at our high tea buffet. Only on Saturdays and Sundays from j 1 3pm to 5.30pm. f I I sim (Safe i Garousel j 24-hour coffee bouse
      304 words
    • 276 22 WHERE TO WINE, DINE... V A Golden Christmas at Plaza Hotel it iff A y< f j>, i-\i* i* v v i Eve C(W>ra|e toe occasion in style with a ra|jeh*lfandlelight DinratJQr let the romance linger longer with a Dinner Dance at Clnb 5. Candlelight Dinner: $60 nett per person
      276 words
    • 385 22 s J a gpP«t> Guess who's Jj&XwuMng forder jfanSanfa S CAr/stwatf? We serve the world to you at Top of the M QQ itrtoijp(+< bifcinfrhadiwir, 111 Orchard Road S***poreO»2l Td 717M11 Wine, Dine and make merry at the Paramount 9 CAFE VANDA MARINE TERRACE mmEBUSM Buffet Lunch FUN PUB CAFE
      385 words

  • Page 23 Advertisements
    • 242 23 AND ENTERTAIN Truly International That's our culinary offering every Saturday. with a potpurri of fascinating flavours. Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00++ Jk For reservations, please call ANA HOTEL 732-1222 extension 1700 SINGAPORE *6 Nnv" VX)MW« *02% 'Mo*** «i m y/n f
      242 words
    • 50 23 Refrigerated Wine Cellar Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Available ex-stock from the Sole Agent: bonTable BONTABLE AGENCIES (S) PTE LTD #1)3-05 Sin Cheong Building 47 Jalan Pemimpin Singapore 2057 Tel *****92 Telex RS 3X783 CEPAGE Fax. (65) *****56 1
      50 words

  • Page 24 Advertisements
    • 176 24 FOR MORE THAN 2000 YEARS, MAN HAS BEEN SEARCHING FOR THE PERFECT LIVE EXPERIENCE. NOW BANG BRINGS IT INTO YOUR LIVING ROOM^ —J limTT^asaßsgsg l i u (uasS^M *18 I H H H WW. v w ■SEI--' .^--MLz& B V w II H x _^*amk H 1 7 J Pjjßßky/..
      176 words

  • Page 25 Advertisements
    • 424 25 Thoughts of 9-(ome 5% STOREWIDE SAVINGS It's The Wonder of Christmas at Daimaru as we present a jltffil $c bonus $5 BONUS COUPON with every $100 same day purchase •§l|||sJ from now till 31st December 1992. Collect your BONUS COUPON > ••>»"-«»- at Daimaru's Information Counter, LI. v y>M S
      424 words


  • Page 27 Advertisements
    • 267 27 Which Gift Voucher Comes Free With Fixed Deposits? Noh* when you open a fixed deposit with Hong Leong Finance or Singapore Finance, you'll get Premium Gijt Vouchers FREE. This is how it works: For ever>- $2,000 deposited for 12 months, you'll get a $10 Premium Gift Voucher Plate it for
      267 words


  • Page 29 Advertisements
    • 50 29 1 Finnair the only Scandinavian airline flying wide bodied aircraft to Europe, Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
      50 words
    • 24 29 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 749-2577
      24 words
    • 96 29 ixßSßral V* ;V "^B :ss v > V:-. Xs >: m B I lilllk I'wflßi'''# -^»i w «JBL» IMPORTANT JOB IN STORE "The most important single job in Singapore is the Prime Minister's/ 7 said Senior Minister Lee Kuan Yew on Thursday. But looking for good men to run the
      96 words
  • Page 29 Miscellaneous
    • 329 29 1 Roman magistrate in fa- L| mam vour of a foreign government agent (9) P^l" It H 9 See nothing in being de■H m hh hhjHp' 10 A skinhead is bound to Hi HI pi Hi 11 Vehicle left in the plant (6) L-J L_| h 12 No cost at
      329 words
    • 177 29 Singapore Outlook: Occasional showers in Ihe late morning and afternoon. Report: Maximum temperature 28.1 Assoc humidity 77% Minimum temperature 23.4 Assoc humidity 98% Hours of sunshine 0.20 Rainfall in mm 1.6 Rainfall this month 347.0 Rainy days this month 13 World report Asia-Pacific Ili/Lo* Cond. Auckland 22/15 Cloudy Bangkok 31/21
      177 words
    • 12 29 f papers eyeßVvone-gg- (enviefc f\ Poltergeist N, associated newspapers ho iw im
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  • Page 30 Miscellaneous
    • 2200 30 TODAY'S TV 8.00 Wake, Rattle and Roll. AM Close. 8.30 Amigo and Friends, p.. I 9.00 Children's Programme Beres, 4.00pm, Hillary s Adventurers, Ipm, (L) SBC 5 SBCS 10.00 The Bugs Bunny Show. A comedy featuring the stoo- Sir Edmund's son Peter, also p'tifiifT'af H^»a gy trio Dono, Kasino and
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