The Business Times, 9 January 1993
1993-01-09
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The Business Times
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Title Section15 1993-01-09 1 SINGAPORE BusinessTimes WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, January 9-10 1993 75 c15 words
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688 1993-01-09 1 Anna Teo - By Anna Teo SINGAPORE The government has embarked on a major reorientation of Singapore society to cultivate entrepreneurship and build an external wing for the economy. Senior Minister Lee Kuan Yew last night spelt out how Singapore must and will do all it688 words
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Article, Illustration735 1993-01-09 1 Shoeb Kagda - Enterprise Award: San Teh Outstanding Manager Award: Ng Ser Miang By Shoeb Kagda SINGAPORE Multimedia whiz-kid Sim Wong Hoo last night walked away with Singapore's most prestigious business accolade, the Businessman of the Year Award. Mr Sim, founder chairman and chief735 words
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374 1993-01-09 1 Maggie Ford - From Maggie Ford in JAKARTA BUSINESSMEN have generally welcomed the Indonesian budget announced on Thursday by President Suharto, but they expressed concern at the likely inflationary consequences of a number of price rises announced separately. Prices of petrol and other fuels are to rise by374 words
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120 1993-01-09 1 Reuter NEW DELHI India yesterday further relaxed its foreign exchange rules, freely allowing companies with foreign equity to borrow funds, raise deposits and to take over business interests in this country. A finance ministry statement said that the government had made these changes with immediateReuter - 120 words
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2am LATEST
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80 1993-01-09 1 Reuter UNITED NATIONS Iraq yesterday told the United Nations that none of its planes, including those scheduled to bring in weapons' destruction teams, will be allowed to land in the country. A UN source said notification of this was delivered in writing onReuter - 80 words
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73 1993-01-09 1 Reuter BONN UN secrctary-gencr-al Boutros Boutros-Ghali arrives in Germany tomorrow to discuss the country's future role in UN military missions with Chancellor Helmut Kohl, Foreign Minister Klaus Kinkcl and other leaders in Bonn. Government spokesman Dieter Vogcl said yesterday that Mr Kohl would informReuter - 73 words
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55 1993-01-09 1 AP RAWALPINDI Pakistan Army Chief-of-Staff General Asif Nawaz, the top military chief who vowed to help democracy take root in a country long dominated by martial law, died yesterday. He was 56. Nawaz was jogging when he suffered a heart attack, said armyAP - 55 words
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Article, Illustration111 1993-01-09 1 Stock market indices FH4a> Change Sril 1.556.16 +0.45 KLSE Composite 629.51 -6.75 Nikkei I6.6J4.69 -146.29 Hang Seng 5,529.56 -17.76 SEI Index 920.79 +6.47 Jakarta Composite ...279.11 +2.26 CLSA China B 1,123.21 +37.83 Aust All Ord 1.502.3 -28.6 FTSE 100 2,799.2 -17.3 Krida; Prr»ioin 11 mi cknc Dow Jones111 words
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Page 1 Advertisements
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Advertisement11 1993-01-09 1 jj m onagers w lanage BT shows you how every Monday, >11 words
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Advertisement10 1993-01-09 1 Personal Finance Investment Little dragon currencies ELS Profiles, Page 310 words
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Advertisement143 1993-01-09 1 Conversations at Raffles Aware president Kanwalgyfioin. M P^rni Full text. Page 2 Of lasting value cessitates 162 skilful operations Bonbonnitre-shaped watch of the French All/ Empire period (1810-1820). Both movement and decorated case show "p A T "P "V" the virtuosity of Geneva craftsmen. v/lJi-i -A. The central motif, on143 words
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Advertisement9 1993-01-09 1 Mock Lock Siew wtyrket leader or follower? Pg 79 words
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Advertisement56 1993-01-09 1 £th.V l§SSsi BT shows you how every Monday. CONTENTS STL* 23 SSST Regional News 5 World News 9 Hark«ts Feature* Ctob/KLSt. SES 13 Options EL2 ft*™* 11.12 Health Fitness £L 8 11 TmeW a 9 Currencies 3 TV Radw CLI 2 Smo/Cornmodte Sports 16-1? 10-14 Subscription Tel **********7 Fa» *****7b56 words
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SINGAPORE BUSINESS AWARDS
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Article, Illustration3525 1993-01-09 2 WE REPRODUCE here the full text of Senior Minister Lee Kuan Yew's speech last night at the Singapore Business Awards. An External Economy for Singapore IN the last four-five years, Korean, Taiwanese and Hongkong entrepreneurs have moved abroad in a big way mainlyPhoto by Arthur Lee - 3,525 words
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Article, Illustration951 1993-01-09 3 Joseph Rajendran - Businessman of the Year: Sim Wong Hoo By Joseph Rajendran CREATIVE TECHNOLOGY plans to combine video capabilities and computer graphics in a new product which it hopes will help it maintain its leadership in the multimedia business. The company, which makes the world-famousPhoto by Chris Loh - 951 words
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Article, Illustration687 1993-01-09 3 Shoeb Kagda - Enterprise Award: San Teh By Shoeb Kagda ALREADY a world leader in the production of high-preci-sion products for the telecommunications industry, San Teh is now working to penetrate the computer industry for its products. The company, the world's second-largest manufacturer ofPhoto by Arthur Lee - 687 words
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Article, Illustration778 1993-01-09 3 Dexter Lee - Outstanding Manager of the Year: Ng Ser Miang By Dexter Lee NG SER MIANG was named Singapore's Outstanding Manager of the Year for taking a city shuttle servicc company on the brink of closing down up the road of recovery. Tibs Holdings Ltd isPhoto by Arthur Lee - 778 words
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945 1993-01-09 3 INLAND REVENUE'S comments on the tax policies businessmen say will encourage investments abroad Exempt/lower taxes for remitted income (suggested by IF Tang, Ameer Jumabhoy) An across-the-board exemption of foreign income remitted will create loopholes for tax evasion and treaty abuse. This will lead to945 words
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SINGAPORE NEWS
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Article, Illustration323 1993-01-09 4 Colin Tan - Such projects will eventually make up a quarter of total construction work By Colin Tan RETROFITTING work could eventually make up about 25 per cent of all local construction jobs, the Construction Industry Development Board said yesterday. Deputy chairman Albert Hong said such jobs now323 words
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229 1993-01-09 4 THE Housing and Development Board is selling another batch of shops worth about $220 million to sitting tenants under its shop sale programme. In a statement yesterday, the HDB said the batch of 322 shops are in Ang Mo Kk>229 words
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Article, Illustration267 1993-01-09 4 Helen Chang - By Helen Chang COMPUTER-PARTS maker Siemens Nixdorf Information Systems (Manufacturing) Pte Ltd has retrenched 60 staff as part of the German company's worldwide cuts in response to a slowdown in the semiconductor market. "This exercise will create a trimmer organisation geared to meeting the demands267 words
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Article, Illustration361 1993-01-09 4 Schutz Lee - By Schutz Lee A CHINESE-Japanese-Singa-porean joint venture company has been set up in Singapore to source and distribute Chinese consumer goods in the AsiaPacific region, as well as to market products from this region to the potentially huge consumer market in361 words
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269 1993-01-09 4 AMERICAN razor-blade maker The Gillette Company is expanding quickly into China, with plans to invest US$45 million (5574.7 million) in a joint-venture project to make blades in Pudong, Shanghai. Gillette, whose Singapore headquarters oversees all Asian operations, tied up with the Shanghai269 words
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111 1993-01-09 4 AFP SINGAPORE'S RSP Architects, Planners and Engineers, has won Ss6 billion worth of contracts in China in the past three months, it was reported yesterday. The contracts are for architectural and civil engineering projects, Singapore Broadcasting Corporation (SBC) quoted the RSP managingAFP - 111 words
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Page 4 Advertisements
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Advertisement211 1993-01-09 4 WHICH CAR WON WHAT CAR? In its recent Cars of the Year Awards, zine awards and reader's polls. "What Car?" declared Subaru Legacy to So if you're wondering what car to be the Best Sporting Saloon. test drive, try Legacy. You'll find it'll win "What Car?" is the U.K.'s most211 words
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THE REGION
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415 1993-01-09 5 Private firms in the two countries can complement each other in projects, she says Bernama KUALA KANGSAR The Ministry of International Trade and Industry has proposed that the private seetors in Malaysia and Thailand form joint venture companies to undertake massive regionalBernama - 415 words
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Article, Illustration343 1993-01-09 5 Bernama KUALA LUMPUR The Malaysia-Thailand Joint Commission is to meet soon to iron out several unresolved issues, particularly common border demarcation. Foreign Minister Abdullah Ahmad Badawi said yesterday. Certain matters came to light and the two governments acknowledged that they had to beBernama - 343 words
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207 1993-01-09 5 Reuter PHNOM PENH More than 6,000 cubic metres of logs left Cambodia, mostly destined for Thailand, in the three days after a UN ban was imposed on log exports on Jan 1, a UN spokesman said yesterday. "During the first three days ofReuter - 207 words
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641 1993-01-09 5 Bloomberg NEW DELHI India's 1993 economic outlook depends more on believers in Hindu gods and Islam's Prophet Mohammad rather than economists trying to steer the country along the path of liberalisation. The smooth course of the country's economic reforms was stymied by savage HinduMuslimBloomberg - 641 words
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423 1993-01-09 5 Bernama KUALA LUMPUR Malaysia ranks as the 10th largest foreign investor in China, as of June last year, with direct investments totalling US$lO7 million (*****.48 million) for the 128 projects approved in the first six months of 1992, says a Chinese embassyBernama - 423 words
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170 1993-01-09 5 AFP BEIJING China has indicated that it is still considering reprisals against the US for authorising the sale of 150 F-16 combat aircraft to Taiwan. "We strongly oppose any country selling arms to Taiwan. The US is noAFP - 170 words
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309 1993-01-09 5 Reuter BEIJING China yesterday reported the visit of Premier Li Peng to the booming south, saying the leader emphasised the need to control loans and credit and build basic infrastructure. Mr Li is one of several Chinese leaders who haveReuter - 309 words
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ASIA NOTES
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Article73 1993-01-09 5 BANGKOK The Khmer Rouge yesterday accused the UN forces in Cambodia of supplying arms and ammunition to Vietnamese soldiers and troops of the government in Phnom Penh. In a broadcast monitored here. Khmer Rouge radio said UN forces have "recently transported a large quantity73 words
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Article58 1993-01-09 5 TOKYO Japan's Ministry of International Trade and Industry won't ask steelmakers to extend "voluntary" restrictions on steel exports to the US, the Kihon Keizai newspaper said. The restrictions expired in March 1992, the paper said. The export restrictions were placed in response to US steelmakers'58 words
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Article, Illustration67 1993-01-09 5 TAIPEI When words fail, perhaps fisticuffs will produce results. That's obviously the reigning policy at this rather rowdy session of the National Assembly, as fighting erupted yesterday after the ruling Nationalists shelved opposition demands for constitutional amendments to introduce direct presidential elections. Pictured above in67 words
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Article66 1993-01-09 5 BOMBAY Indian Airlines, crippled by a month-long work stoppage by its pilots, is hiring Tupolev jets and crews from Bulgaria and Uzbekistan to ride out the damaging strike. Some Indian Air Force pilots have also been drafted to fly commercial jets. The airline's 445 pilots have66 words
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Article78 1993-01-09 5 TOKYO Japan's Ministry of International Trade and Industry said it will cap Japanese passenger car exports to the US at 1.65 million in the financial year starting April 1, 1993. The ceiling is unchanged from that of the current year. Miti Minister Yoshiro78 words
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Page 5 Advertisements
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Advertisement356 1993-01-09 5 BUSINESS T 1 M E S TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 NANYANG TECHNOLOGICAL UNIVERSITY SCHOOL OP ACCOUNTANCY AND BUSINESS FACULTY APPOINTMENTS IN HOSPITALITY MANAGEMENT The School of Accountancy and Business offers undergraduate degrees in accountancy, and business, graduate degrees by research, as well as MBA degrees. Among its356 words
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THE WORLD
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WORLD WATCH
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Article109 1993-01-09 6 Reuter WASHINGTON The United States is prepared to give the Ukraine disarmament aid and security assurances only after it ratifies the Start-1 and Nuclear Non-Proliferation treaties that codify Kiev's commitment to become a non-nuclear state, the US State Department said yesterday. Discussing two days of meetingsReuter - 109 words
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Article, Illustration55 1993-01-09 6 Reuter MEMPHIS Elvis fan Lavera Chapel sporting an 'Elvis stamp' tattoo and ear-ring as she waits at the Rockabilly Cafe in Michigan for the stamp unveiling ceremonies at Graceland yesterday. The stamp, being issued in the late singer's hometown on the 58th anniversary of his birth, wentReuter - 55 words
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Article72 1993-01-09 6 Reuter WASHINGTON The US government watchdog agency, the General Accounting Office (GAO), yesterday criticised the Environmental Protection Agency and said major changes were needed before the EPA could become a Cabinet-level department as President-elect Bill Clinton has recommended. In two separate reports to the incoming administration,Reuter - 72 words
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68 1993-01-09 6 Reuter WASHINGTON The US military has made progress towards more efficient weapons procurement, but must clarify post-Cold War missions to curb major waste in costly arms programmes. "Despite many efforts to reform and improve the Department of Defence's weapons acquisition process over the years, aReuter - 68 words
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Article70 1993-01-09 6 Reuter LONDON British construction companies are cautiously optimistic that 1993 will see a modest upturn in the fortunes of the recession-hit industry. A poll published yesterday by a trade magazine showed that some 53 per cent of firms questioned by Gallup said they believed the industry willReuter - 70 words
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73 1993-01-09 6 Reuter OSLO Foreign ministers from Russia and the Nordic countries meet on Sunday to revive ccnturics of East-West cooperation in the Arctic region briefly interrupted by the Cold War. The ministers' two-day talks in Norway could pave the way to tapping Arctic fish, forestry andReuter - 73 words
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257 1993-01-09 6 Reuter WASHINGTON Arab states seem set to be the sole holdouts next week when a landmark treaty banning production, stockpiling and use of chemical weapons is opened for signing in Paris, a senior US official said on Thursday. "AllReuter - 257 words
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509 1993-01-09 6 High-tech companies leading list ot fastest-growing industries Reuter WASHINGTON From health care to computers, US industry will strengthen this year as the economy enjoys a modest but sustainable recovery. The US Commerce Department, in its annual industrial outlook for the manufacturingReuter - 509 words
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339 1993-01-09 6 Reuter NEW YORK Elbow-to-ej-bow crowds and record credit card charges brought retailers their best Christmas sales in years. Figures released on Thursday show that retailers posted December sales gains averaging 8.5 per cent over December 1991 at stores open both years. "SantaReuter - 339 words
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607 1993-01-09 6 Reuter BUDAPEST Hungarian officials rejoiced when an entrepreneur stepped forward with a bold plan to pump cash into a state-owned canning factory on the verge of bankruptcy. But their joy turned to dismay when it emerged that the "buyer" had used financial sleight-of-handReuter - 607 words
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342 1993-01-09 6 Reuter WASHINGTON Presidentelect Bill Clinton's nominee to head the Labour Department said on Thursday that unemployment is "distressingly high", and pledged to increase both the quantity and quality of American jobs. "The overarching goal is not only more jobs for our citizensReuter - 342 words
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603 1993-01-09 6 UPI MEXICO CITY Analysts say that to prevent economic turmoil in Mexico. President Carlos Salinas de Gortari must use yesterday's summit with US President-elect Bill Clinton to win the US leader's support for quick ratification of the North American Free Trade Agreement. "(Nafta)UPI - 603 words
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Article, Illustration55 1993-01-09 6 Reuter BUCHAREST A temporary Romanian worker taking a rest as he tows a case piled with newspapers. Many of the country's over one million unemployed are happy to get a temporary low-paid job to fight the triple-digit inflation which has plagued the country as it switches toReuter - 55 words
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Page 6 Advertisements
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Advertisement74 1993-01-09 6 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) Pursuant to Article 23C(4) of the Company's Articles of Association, WE HEREBY GIVE NOTICE that as of 8 January 1993 the percentage of the issued ordinary share capital of the Company in which foreign74 words
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COMPANIES & MARKETS
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Article, Illustration423 1993-01-09 7 Dexter Lee - But near billion-dollar profits likely next year: managing director By Dexter Lee SINGAPORE Singapore Airlines Ltd (SIA) expects its second-half results to mirror those of the first six months, when group after-tax profits fell 21 per cent to $419.2 million from423 words
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297 1993-01-09 7 SINGAPORE Bousteadco Singapore Ltd has agreed- to sell the assets of its whollyowned subsidiary Elmec Systems Pte Ltd to Chartered Electronics Industries Pte Ltd for more than Si million. But the impending sale will lead the ailing trading group to post extraordinary297 words
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Article, Illustration704 1993-01-09 7 Amy Balan - HOCK LOCK SIEW By Amy Balan SINGAPORE Safety in numbers or just plain herd instinct either one could be the reason for the Singapore bourse's latest surge. Over the last two weeks, as one broking firm after another704 words
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410 1993-01-09 7 SINGAPORE Six of the seven directors of Malaysian Resources Corporation Bhd (MRCB), the vehicle for the MSBOO million (SSSI2 million) management buyouts of Malaysia's publishing group New Straits Times Bhd and Sistem Televisycn Malaysia Bhd from Renong Bhd. have stepped down. A statement410 words
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326 1993-01-09 7 MBT KUALA LUMPUR Probadi Sdn Bhd. currently involved in a reverse takeover bid of TH Loy Industries, expects to bid up to Msl billion (SS64O million) worth of contracts in the oil and gas-related industry this year. With a few hundredMBT - 326 words
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Article, Illustration360 1993-01-09 7 Source: Bridge Info Performance of Sill's index stocHs Jan 8 Last Sense Index Slock sale Chge factor movers Avirao 1920 -0 030 I 59 -85.71 CAC 7.150 0.150 5 9 3 428 5 7 Cerebos 4 760 0 140 3 95 400 00 Cold Store 2.840 0 020 2Source: Bridge Info - 360 words
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COMPANIES
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COMPANY BRIEFS
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Article77 1993-01-09 8 MBT KUALA LUMPUR YTL Corp Bhd has proposed to raise Ms9l million (Ss>B million) through the issue of redeemable unseeured bank guaranteed bonds with detaehable transterable subseription rights (TSRs). Aseambankers Malaysia Bhd. on behalf of YTL, said the company would issue MS9I million nominal valueMBT - 77 words
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Article88 1993-01-09 8 SINGAPORE Cash-rich tlour miller Prima Ltd said yesterday the U5529.22 million (about SS4B million) it paid recently for a US office in Illinois took into consideration comparable market sales, replacement cost and rental income. Replying to an SES query on the purchase. Prima said it88 words
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Article, Illustration47 1993-01-09 8 Reuter LAS VEGAS Two show models holding up Sharp's new View Cam recorder on Thursday. The video recorder incorporates a full-colour 10 cm monitor. It also has a variable-angle rotating system. Sharp is one of 17,000 exhibitors at the Las Vegas Consumer Electronics Show. ReuterReuter - 47 words
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Article55 1993-01-09 8 Bernama KUALA LUMPUR Multi-Purpose Holdings Bhd's (MPHB) shipping arm has disposed of a cargo vessel for US$2.l million (553.4 million), less 4 per cent commission. The group told the Kuala Lumpur exchange yesterday that the disposal resulted in a net gain of about MBernama - 55 words
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57 1993-01-09 8 Bernama KUALA LUMPUR Sime Darby Bhd said yesterday that it held a 63.09 per cent equity interest in Sime East West Bhd after making a mandatory general offer for those SEWB shares it did not already own. Its wholly-owned subsidiary, SD Holdings Bhd,Bernama - 57 words
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Article47 1993-01-09 8 IN OUR ARTICLE "Tee off at two new Batam clubs" on Tuesday, we wrongly reported that T K Lim controlled Tuan Sing Holdings. Effective control of the company is with Liem Tek Siong. who heads Indonesia's Nursalim Group. We are sorry for the error.47 words
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472 1993-01-09 8 Schutz Lee - Aussie exchange queries FCL over alleged irregularities in share trading By Schutz Lee SINGAPORE New Zealand energy and forestry' conglomerate Fletcher Challenge Ltd (FCL) is being investigated by the Australian Stock Exchange for alleged irregularities in the trading of its shares in the472 words
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253 1993-01-09 8 South China Morning Post HONGKONG Hongkong companies increased crossborder spending more than 10 times last year to net US$7.B billion (5512.9 billion) worth of foreign acquisitions, according to KPMG Peat Marwick. The management consultancy says worldwide crossborder mergers and acquisitions rose by moreSouth China Morning Post - 253 words
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255 1993-01-09 8 South China Morning Post HONGKONG Guangdong Enterprises (Holdings) and New World Development are to invest up to 9.8 billion yuan (SS2.B billion) to build the Guangdong section of the Beijing-Guangzhou highway. The investment will be made through their equal joint venture. XinyueSouth China Morning Post - 255 words
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544 1993-01-09 8 Reuter HONGKONG China-con-trolled Citic Pacific, vying with Hongkong's local business establishment. confirmed yesterday a widely leaked deal to buy a stake in Hongkong Telecom from its Beijing parent company for more than USSI billion (551.64 billion). In a complex announcement that filledReuter - 544 words
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Article, Illustration59 1993-01-09 8 NEW YORK Publisher Mortimer Zuckerman (right) signing the contract finalising his purchase of the New York Daily News with his partner Fred Drasner on Thursday at the newspaper's office. Mr Zuckerman, in completing the US$36 million (Sss9 million) deal, said he would be firing 200 of the paper's59 words
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544 1993-01-09 8 MARKET WATCH Knight-Ridder KUALA LUMPUR Malaysian banking stocks, the target of strong investor interest in 1992. are expected to shed some of their popularity this year as gains in bank profits contract, analysts say. Last year may well have been "the lastKnight-Ridder - 544 words
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FINANCE AND COMMODITIES
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384 1993-01-09 9 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE NTUC Income posted record growth last year as total premium income from general and life insurance soared to $380 million, up 55 per cent from 1991. Last year's growth surpassed the 23 per cent expansion the previous year.384 words
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505 1993-01-09 9 Knight-Ridder HONGKONG China is expected to continue devaluing its currency in a bid to narrow the gap between official and gray market rates but a major depreciation is thought unlikely* Hongkong analysts forecast the official rate for the yuanKnight-Ridder - 505 words
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330 1993-01-09 9 JAKARTA The Jakarta branches of Citibank, Subentra Bank and Bank Pacific have suffered up to tens of billions of rupiah in losses from a car l<>an embezzlement scam, according to The Jakarta Post. "Bank Pacific suffered at least 22.5 billion rupiah (5517.87 million)330 words
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Article, Illustration545 1993-01-09 9 DBS Bank weekly currency review US$/Dm: US$ starts New Year... After trading to a low of 1.5443 deutschemarks on Dec 17, the US dollar went from strength to strength, ending 1992 at 1.6195. The greenback started the New Year545 words
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Article, Illustration47 1993-01-09 9 SYDNEY Wearing his striped trading jacket and with pencil tucked behind his ear, futures trader Stuart Laing yawned during a quiet day of trading in the 90-day Bank Bill pit at the Sydney Futures Exchange yesterday. The energy report was not in at press-time47 words
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Article, Illustration144 1993-01-09 9 THE US dollar continued to strengthen yesterday as major European countries (namely Switzerland. Netherlands. Belgium. Austria) reduced their key interest rates. The Singapore dollar weakened to 1.6600 in New York, and continued to slide as the US dollar strengthened across the board. After hitting a144 words
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Article179 1993-01-09 9 Reuter LONDON The dollar was resting around 3/4 pfennig higher at a quiet European midsession yesterday after sweeping aside 1.64 marks resistance in Tokyo. Traders said tensions over Iraq and expectations for a strong US jobs report yesterday afternoon were behind the advance. However, investor enthusiasm was tempered byReuter - 179 words
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SMALL CHANGE
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108 1993-01-09 9 Reuter NEW YORK— The US Attorney said that US$4.7 million (557.7 million) has been seized from the account of the Hongkongßank (Panama) SA because it was being used to negotiate millions ot dollars of money orders in a drug money laundering scheme. The case cameReuter - 108 words
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66 1993-01-09 9 Bloomberg TOKYO Deposits at Japan's 11 major commercial banks at the end of December decreased 3.7 per cent from the year before and 0.7 per cent from the end of November, the Federation of Bankers Associations said. Deposits as of Dec 31 totalled 178.497 trillionBloomberg - 66 words
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88 1993-01-09 9 Reuter TOKYO Mitsubishi Bank Ltd may abandon its plan to open a branch in Australia, a Mitsubishi spokesman said. The bank is reviewing the plan but no final decision has been made, he added. Australia's ban on branches of foreign banks is expected to beReuter - 88 words
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63 1993-01-09 9 Knight-Ridder TOKYO A senior Ministry of Finance official said yesterday that Japan and the new US administration of President-elect Bill Clinton were unlikely to reach an early agreement on foreign exchange rates. He said the US may push for joint international policies to spur growthKnight-Ridder - 63 words
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Article75 1993-01-09 9 AFP NEW YORK The dollar resumed its upward movement against other currencies here yesterday in active trading. At 9.30 am (1430 GMT), the dollar was trading at 1.6445 German marks against 1.6375 on Thursday and at 125.40 yen against 125.25 yen. The US currency rose to 5.5900 FrenchAFP - 75 words
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Article, Illustration1388 1993-01-09 9 trade waindt\ <d/iiilult J S'purr's lop 14 tiaJimi i»annif Uav tvur /«K5 USS/SS forward rates Noon Jan 8 s$ Bid Offer 1-month ***** 1.6616 2-month ***** 1 6601 3-month 1 6573 1 6588 6-month I.6S32 1.6552 Sourer OCR Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am yesterday: Singapore dollars1,388 words
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COMMODITIES & FUTURES
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1366 1993-01-09 10 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended softer yesterday in continued position squaring ahead of the 1330 GMT release of the US employment figures. Dealers were unwinding long positions, prompted by expectations that the non-farm payrolls may prove bullish for the economyReuter - 1,366 words
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1081 1993-01-09 10 COMMODITIES REPORT Tin THE price of tin on the Kuala Lumpur Tin Market eased 15 sen to close at MS IS. 10 per kg on lack of buying interest yesterday. Dealers said players were sidelined in the market in anticipation of1,081 words
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Article1688 1993-01-09 10 Rubber MS Coindlty Excfcanga (Marts dosing as at lp«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 93 148.25 148.25 149 00 500 X900 Mar 150.25 149.00 151.00 2.300 5,750 Apr 151.23 151.25 152.00 100 7.I7S May 0.00 0.00 1)2.73 01,688 words
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REGIONAL STOCK MARKETS
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Article1098 1993-01-09 11 -28.6 Heavy selling in futures savaged an Australian share market already weakened by uncertainty over the Australian dollar. All leading stocks took a hammering as the All Ordinaries Index plunged 28.6 points to 1,502.3 after Thursday's 11.2 point loss. The All Industrials plunged 40.9 to 2.375.7. while the All1,098 words
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Article557 1993-01-09 11 +21.10 Stocks surged past seven-week price resistance to close higher on fresh foreign enthusiasm following brokers' buy recommendations for the new year. The rally thrust the Manila Composite Index above the 1.300-point benchmark for the first time since November at 1,313.31 points, up 21.10 from Thursday. "The foreigners are557 words
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Article586 1993-01-09 11 36.43 Stocks ended higher on a technical rebound and media reports that the government would consider lowering the stock transaction tax. brokers said. The market fell on political worries in early trade, but the Weighted Index bounced off support at 3,100 points and closed 36.43 points up at 3.171.99.586 words
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Article390 1993-01-09 11 +7.55 Stocks gained in active trade to close above the psychological 700 mark despite profit-taking in highly-capitalised securities house and construction shares. The Composite Index closed 7.55 points higher at 704.50. Brokers said investor confidence in the market remained strong as underlined by an increase in customer deposits. "The390 words
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Article302 1993-01-09 11 -26.94 The NZSE-40 Capital Index closed down 26.94 points at 1,526.86 amid cautious trading on the back of the fall in Wall Street and on caution about higher interest rates here. A six cent fall in Fletcher Challenge to NZ52.39 contributed to the index fall on a day302 words
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Article67 1993-01-09 11 +24.76 Stocks closed mixed as underlying sentiment was still pessimistic. Brokers said the Bombay Index could drop by 20 or 30 points on Monday if there was violence over the weekend. The BSE Index rose 24.76 points to 2,420.56. The National Index fell 3.51 to 1,112.12. "There is not67 words
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WORLD STOCK MARKETS
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Article1011 1993-01-09 11 Britannia Funds Sterling Cash Bid Offer Mim ap Deposit *3* OVK) *3* 0400 Mim Jency Gilt .0 1874 0 1972 Mim Max Income *0<NU) ****** I SS Cash Income Plus Fund 9T00 10 5000 PS Reserve Fund 5 2000 2100 Sterling bquit) Euro Performance 0.4425 0.475* Far Fast Fund *21,011 words
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Article597 1993-01-09 11 -17.3 Shares ended lower yesterday, weighed by fails on Wall Street and further profit taking among leading shares. The FTSE 100 Index dipped below the 2,800 level, falling 17.3 points to 2,799.2 after Monday's record close at 2,861.5. The FTSE 100 fell 47.3 points this week on leaders running597 words
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Article83 1993-01-09 11 +0.44pc The Paris Bourse gained 0.44 per cent yesterday, as the CAC-40 stock price index finished the dav at 1.852.63. Paris Jan 8 Fr Xir-Liquide ?*500 100 \katrl Anslhum W»7 00 4 00 Ell- Vjuil 35? 30 (ialc Dc Bangue *000 Labi* ***** -2*0 Michelin I<W.W) 7 10 Neuk83 words
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Article147 1993-01-09 11 +0.17pc Swedish shares ended the week mixed yesterday despite a sharp rise in short credit market yields and a plunge in pharmaceutical firm Astra's shares. But a stronger dollar and speculation of a Renault bid for vehicle maker Volvo helped lift the market higher, dealers said. The All-Share Index147 words
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Article196 1993-01-09 11 -10.98 A sharp downturn at electronics group Siemens helped pull German stocks down to intraday lows in the final minutes of bourse trading yesterday. The 30-share DAX Index ended 0.7 per cent, or 10.98 points, down at 1.531.52. Dealers said disappointment that the Bundesbank left key interest rates intact196 words
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Article157 1993-01-09 11 10.04 Belgian shares closed higher yesterday, led by retailer Delhaize which closed firm on massive volume just ahead of better than-expec-ted 1992 provisional earn- ings figures. The Bel-20 Index of leading shares closed 10.04 points, or 0.89 per cent, higher at 1.143.97 points on healthy volume of 1.59 billion157 words
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Article150 1993-01-09 11 +o.4pc Italian shares closed mixed yesterday after strong buying interest of insurer Generali and other blue chips at the opening failed to ignite the market overall, dealers said. The MIB All-Share Index rose 0.4 per cent to 1.010 but the underlying trend ended unchanged. Some also cited caution before150 words
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Article269 1993-01-09 11 -2.63 Dutch shares ended lower after profit-taking shaved them of half of this week's gains yesterday. The EOE index closed down 2.63 points at 288.52. Trade slowed after a batch of bearish New Year's speeches had been digested. "The activity we saw earlier this week petered out today," said269 words
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Article238 1993-01-09 11 -2.7 Swiss shares closed mixed with a lower bias in fairly active trade ahead of the weekend yesterday. The broad SPI Index fell 2.7 points to a final close at 1,231.3 after 1.238.5 at the end of last week's trading. Market consolidation begun in mid-week continued. The firmer dollar's238 words
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Article352 1993-01-09 11 -34.1 Toronto stocks recovered slightly from Thursday's losses in quiet early dealings yesterday, outperforming Wall Street, which continued under pressure. The TSE 300 Index moved up 3.0 points to 3,321.9 on volume of 4.7 million shares valued C 526.7 million. "We've had a quiet opening here. It looks as352 words
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Article812 1993-01-09 11 -36.47 Wall Street dropped 16.75 points in heavy morning trading yesterday over fears of a rise in inflation. At II am (1600 GMT), the Dow Jones Industrial Index stood at 3.252.21, with nearly 85 million shares changing hands. On Thursday, US blue-chip stocks closed sharply lower in active812 words
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Article, Illustration3099 1993-01-09 12 Reuter SHARES posted mild declines on worries over the Sino-British row and Wall Street's tumble overnight, brokers said. The blue-chip Hang Seng Index dipped 17.76 points to 5.529.56, while the broader All Ordinaries Index was up 0.07 to 2.965.78. Turnover fell to HKSI.49 billion from Thursday's HK.51.69 billion. "TimeReuter; Source: Bridge Info - 3,099 words
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Article, Illustration443 1993-01-09 12 THE China B Index continued its upswing yesterday, closing 37.83 points higher to 1,123.21. The surge was attributed to the 71.80-point jump of the Shenzhen B Index to 1,145.87. Victor Onward B and Huafa B were the contributors to the rise, gaining 68.8 per cent and 14.3 per cent443 words
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Article, Illustration2509 1993-01-09 12 Reuter Stocks ended lower in listless trade amid a general lack of incentives. January options settlement at the open and technical index-linked trade later in the day kept the Nikkei average dancing up and down, but volume was low and most investors sidelined ahead of the weekend. "There wasReuter; Source: Bridge Info - 2,509 words
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Article, Illustration1872 1993-01-09 12 Reuter SHARE prices closed higher, aided by late demand for banks and brokerage shares, brokers said. The SET Index rose 6.47 points to close at 920.79 on turnover of 8.16 billion baht. They said investors were encouraged as financials did not succumb to profit-taking. But they said some banksReuter; Source: Bridge Info - 1,872 words
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Article, Illustration828 1993-01-09 12 Reuter SHARE prices closed higher in fairly active half-day trade, brokers said. The Official Index ended 2.26 points higher at 279.11. "Buying interest continued in the market, pushing some prices up." one broker said. Japfa closed 100 rupiah higher at 2.425 with 284.500 shares traded. Paper producer Tjiwi RimiaReuter; Source: Bridge Info - 828 words
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Article, Illustration2380 1993-01-09 13 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mulli-Purpose 1,753.000 Kamuntmg 50c 1.183.000 Fahcr Group 1.178.000 Scl Propcn 1.104.000 Kenong Bhd 50c 1 044,000 Idns Hyd 50c 546.000 Pub Bk foreign 481.000 Mulpha Intl 50c 463.000 Cons Plant 50c 443.000 M Banking 442.000 IJniphoenn 383.000 Tongkah HldgsSource: Bridge Info - 2,380 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4695 1993-01-09 13 Bernama KUALA LUMPUR Share prices on the KLSE ended sharply lower on a broad front yesterday as wary investors, without fresh leads, took profits ahead of the weekend. The KLSE Composite Index at the close dropped 6.75 points to 629.51, the Industrial IndexBernama; Source: Bridge Info - 4,695 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration6824 1993-01-09 14 Dawn Tan - By Dawn Tan SINGAPORE Trading began and ended on a glum note yesterday and the benchmark Straits Times Industrials Index closed barely changed at 1,556.16. up 0.45 point from Thursday's close. With trading confined to narrow ranges, total turnover dwindled to 63.47 millionSource: Bridge Info - 6,824 words
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Article, Illustration72 1993-01-09 14 Quak Hiang Whai - HOT STOCK Quak Hiang Whai OCBC Foreign faces very strong resistance at the $12.80-$ 13.00 level. While short-term indicators still look good, a bearish double-top pattern may be forming in the medium-term price chart. Weekly and monthly RSls are in the overbought regions while the nine-week moving averageSOURCE: BRIDGE INFO - 72 words
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Page 7 Advertisements
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Page 8 Advertisements
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Advertisement345 1993-01-09 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OP RIODICALS INVESTMENT PTE LTD (In Member*' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 4 Gul345 words
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Advertisement318 1993-01-09 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SNATULOPE ENTERPRISES PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 4 Gul Street 1 Jurong Singapore 2262 on the 31st day318 words
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Advertisement314 1993-01-09 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LOPAGA INVESTMENT PTE LTD (In Member*' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held al 4 Gul Street 1 Jurong Singapore 2262 on the 31st day314 words
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Advertisement317 1993-01-09 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MOLE SIGHT ENTERPRISES PTE LTD (In Member*' Voluntary Liquidation) At an Extraordinary General Meeting of the member* of the abovenamed Company duty convened and held a 4 Gul Street 1 Jurong Singapore 2262 on the 31st317 words
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Page 10 Advertisements
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Advertisement303 1993-01-09 10 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTERS OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF OLS ENGINEERING A TRADING PTE LTD (Incorporated in the Republic of Singapore) (In Voluntary Liquidation) MEMBERS VOLUNTARY WINDMG UP NOTICE S HEREBY GIVEN pursuant to Section 308303 words
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Advertisement19 1993-01-09 10 As and when the latest London/Rotterdam prices are not available, the previous trading day's closing figures are carried instead19 words
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Page 11 Advertisements
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Advertisement170 1993-01-09 11 YOUR VERY OWN HASSLE-FREE unMMKin^mjeawjCji If news and other pertinent information on companies listed on the Stock Exchange And for subscription fet of onlg $250 per month, you and your company can °f Singapore Clob International arc important to you and your business, then SPH subscribe to this specialised research170 words
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Page 12 Advertisements
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Advertisement112 1993-01-09 12 Carder's Instrument of Power An object of precision, the new Cougar pen by top luxury jeweller Cartier is an instrument of power and pleasure. The Cartier signature godrons adorn both the body and the cap, accenting the sleek, resilient anthracite in grey A truly original design, there are also gold112 words
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Page 13 Advertisements
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Advertisement173 1993-01-09 13 YOUR VERY OWN HASSLE-FREE aiCTMWOTOS-ajppwGsmncti If news and other pertinent information on companies listed on the Stock Exchange And for tmbtcriptUn h* of m/| $259 per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe to this specialised research173 words
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Page 14 Advertisements
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Advertisement111 1993-01-09 14 Carrier's Instrument of Power An object of precision, the new Cougar pen by top luxury jeweller Cartier is an instrument of power and pleasure. The Cartier signature godrons adorn both the body and the cap, accenting the sleek, resilient anthracite in grey A truly original design, there are also gold111 words
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Page 15 Advertisements
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Advertisement1085 1993-01-09 15 ZI Property Hock Lock Slew RtgfamU focus [IZIIZZZ Y«r; ho,,*, Yofrkana^onHsp*,** 1 Q Q 1 SINGAPORE# r 1 1 QQI ™!,n BusinessTirnes IZ; We Take The Worltfs Grata Picnics we know #u We Take TfeWcrtfj Greatest Ptara 1 mita (P) 552/12/92 Tuesday, January 5, 1993 75* j L!Z^ T pZJ1,085 words
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SPORTS
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Article, Illustration800 1993-01-09 16 Soccer MILAN When Italian media tycoon Silvio Berlusconi decided to assemble soccer's version of the "Dream Team" with 22 expensive stars battling for 11 places, critics said he was on a loser. Now most sportswriters are running short of superlatives to describe the AC Milan powerhouse800 words
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Article, Illustration401 1993-01-09 17 Shahiron Sahari - 1993 will be an exciting year for pro Samson Gimson, says Shahiron Sahari Golf Shahiron Sahari SINGAPORE Samson Gimson's aim for the Dubai Desert Classic later this month is simply to make the second round cut which will be, all things considered, a considerable401 words
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239 1993-01-09 17 AP CARLSBAD, California First, officials announced a two-hour delay in starting times for the Tournament of Champions. But when they saw ducks swimming merrily around the 18th green, it was obvious there was no reason to hold off the decision to abandonAP - 239 words
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349 1993-01-09 17 NYT WASHINGTON When Larry Peccatiello used to play in the streets of Newark, it was the classic "run down to the Chevy, cut to the manhole cover, and I'll throw you the ball". Perhaps a preparation for urban life inNYT - 349 words
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Article1323 1993-01-09 17 ati m et> nm rre. Abu Dhabi GA860 0020 GA928 0305 MHaidl SQ228 2015 Hmmam RJ187 0135 Amsterdam SQ319 0610 KL838 0040 KL837 1515 SQ342 2300 hmcUmi NZ2I 1700 NZ22 1825 SQ286 2045 B Sari Begawan BI421 1105 SQ182 0930 SQ181 1425 BW22 1205 BI429 20301,323 words
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SCORE CARD
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Article, Illustration188 1993-01-09 17 AP WASHINGTON National Basketball Association results and standings from Thursday. Atlanta 100, Milwaukee 94; Phoenix 111, Dallas 107; Portland 113, Houston 91; San Antonio 109, Utah 99; Golden State 119, Miami 10S. Eastern Conference: Atlantic Division (W L Pet GB) New York (19 10 .655 New Jersey (17 14AP - 188 words
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Article, Illustration106 1993-01-09 17 Reuter CAPE TOWN Leading scores on Thursday after the first round of the Bells Cup golf tournament (South African unless stated): 67 Tony Johnstone; 68 Derek James, Warren Schutte; 69 Ernie Els, Joe Dlamini (Swaziland), Jannie le Grange, Chris Williams (Britain), Stuart Smith (US), Ashley Roestoff; 70 lan Palmer,Reuter - 106 words
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Article, Illustration50 1993-01-09 17 Reuter NEW YORK Results of National Hockey League games played on Thursday: Quebec Nordiques 3, Boston Bruins 2 (OT); Philadelphia Flyers 8, Washington Capitals 2; Minnesota North Stars 6, Pittsburgh Penguins 3; Chicago Blackhawks 3, Edmonton Oilers 3 (OT); St Louis Blues 3, Calgary Flames 2 (OT). ReuterReuter - 50 words
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Article, Illustration97 1993-01-09 17 Reuter ALGIERS Leading overall positions in the Paris-Dakar Rally after the cancellation of the third African stage on Thursday and ahead of yesterday's fourth stage from Bordj Omar Driss to Tamanrasset: (1) Bruno Saby (France), Mitsubishi, 8:02:30; (2) Pierre Lartigue (France), Citroen, 1:26:47 behind (3) Timo Salonen (Finland), Citroen,Reuter - 97 words
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Article, Illustration58 1993-01-09 17 Reuter Fixtures for 1993 Five Nations tournament: Jan 16 England v France (Twickenham); Scotland v Ireland (Edinburgh). Feb 6 Wales v England (Cardiff); France v Scotland (Paris). Feb 20 Scotland v Wales (Edinburgh); Ireland v France (Dublin). March 6 England v Scotland (Twickenham); Wales v Ireland (Cardiff); March 20Reuter - 58 words
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Article, Illustration50 1993-01-09 17 Reuter LONDON Former double Olympic Figure skating champion Katarina Witt, 27, performing prior to a press conference on Thursday. Witt, in London for an upcoming skating show, announced earlier in the week that she plans to make a comeback and skate for Germany in the 1994 Olympics. ReuterReuter - 50 words
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SIDE LINES
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76 1993-01-09 17 Reuter CARLSBAD. California Masters champion Fred Couples has been selected by his peers as the PGA Tour's Player of the Year for the second successive year. Couples was named to receive the award at the PGA Tour's annual awards dinner on Thursday. Couples,Reuter - 76 words
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Article60 1993-01-09 17 AFP WASHINGTON Reggie Jackson, newly elected to baseball's Hall of Fame, visited the White House on Thursday and swopped baseball memorabilia with President George Bush. The president, who played first base at Yale University, gave Jackson some George Bush baseball cards. Jackson gave Bush an inscribed ball. JacksonAFP - 60 words
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Article, Illustration35 1993-01-09 17 Reuter NEW YORK WBC welterweight champion James "Buddy" McGirt squaring oflf with challenger Genaro Leon at a press conference on Thursday to promote next Tuesday's bout at Madison Square Garden. ReuterReuter - 35 words
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Article54 1993-01-09 17 AFP DETROIT, Michigan First baseman Cecil Fielder signed a five-year, US$36-million (Sss7-million) deal with the Detroit Tigers on Thursday to become the second-highest paid player in baseball. Fielder, the major league leader in runs-batted-in for three years in a row, also gets a recordAFP - 54 words
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Article108 1993-01-09 17 Reuter PHOENIX, Arizona British Formula One world drivers' champion Nigel Mansell finally beat the weather to make his Indycar oval track debut on Thursday afternoon then was promptly called in for driving too quickly. Having waited nearly five hours for the mile-long Phoenix International RacewayReuter - 108 words
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444 1993-01-09 17 NYT PITTSBURGH In Merrill Hoge's mind, the seeds of success for the Steelers' season were planted during coach Bill Cowher's first meeting with the team after he was hired to replace the longtime Pittsburgh coach. Chuck Noll, last January. we foundNYT - 444 words
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SHIPS IN PORT
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Article578 1993-01-09 16 Vessel Voy No Berth Arrival Departure Vessel Voy Kb Berth Arrival Departot Jurong Port Kns Madura 01E P03 alongside 10.01/2300 Alam Tabah 37 J12 alongside 0912/1630 lampung Jaya 1/93 P07 atongside 08.01/1800 Cherry Flower 1/93 Jll alongside 09.12/2000 Pa-Gan 191W P08A alongside 0801/1500 FGA38/B 01/01/93 12/3 alongside578 words
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Article1449 1993-01-09 16 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship to1 Wo CmUmn ttnMk Ship Voy Ha Caitams availtote Ingenuity 521 COO(EST) 08 01 93 1500 BPenaga 9301 07.0193 0820 Kris Lemona 9301 COO(EST) *****3 1900 Bofis Andree 40CW92 0701.93 0830 Kuala Stak 5 002A COO(EST) *****3 1930 Ms Asa1,449 words
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Page 16 Miscellaneous
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Miscellaneous496 1993-01-09 16 I CRYPTIC CROSSWORD 1 Compensate for changes (9) ent appears senseless (7) !oi~"H 10 Parvenu putting a little mon- 111 I Bi ey into a trust maybe (7) 1 A cash advance could make 111 one representative lie (7) |^I~ ~~""Hf""1^1 12 Drags out a few extra words WW— about496 words
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Page 17 Advertisements
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Advertisement41 1993-01-09 17 Fly Finnair's new Business Class to Europe, Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. Wc know the world from start to Finnish.41 words
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571 1993-01-09 18 Bush meets security advisers as deadline for removal of missiles nears AP Reuter NICOSIA, Cyprus US President George Bush summoned his national security advisers to a White House meeting yesterday after a defiant Baghdad said it would not remove its missiles from southernAP; Reuter - 571 words
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Article, Illustration33 1993-01-09 18 Reuter MANILA Philippine presidential guards opening the gate of Malacanang Palace yesterday during a People's Da; programme of President Fidel Ramos allowing ordinary people to visit and talk to him. ReuterReuter - 33 words
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474 1993-01-09 18 AP UPI BEIJING Less than two weeks before US Presidentelect Bill Clinton takes office. Premier Li Peng has made a strong pitch for improving the two nations' strained relations. Mr Li, speaking to two visiting US senators from Mr Clinton'sAP; UPI - 474 words
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220 1993-01-09 18 Reuter BONN Guenter Rexrodt, a 51-year-old businessman turned politician, yesterday appeared certain to become Germany's new economics minister after his liberal Free Democratic Party (FDP) nominated him for the job. Mr Rexrodt, a member of the board of east Germany's Treuhand privatisation agency,Reuter - 220 words
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258 1993-01-09 18 Reuter HONGKONG A controversial military exercise, called off in 1992 amid a furious row with China over the colony's political future, could take place this year. British Defence Minister Malcolm Rifkind told a news conference yesterday that the British military garrison would remainReuter - 258 words
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516 1993-01-09 18 Reuter WASHINGTON The unemployment rate held steady in December at 7.3 per cent as 64,000 new jobs were added to a modestly expanding economy, the Labour Department said yesterday. Growth in payrolls outside the farm sector was marginally weaker than the priorReuter - 516 words
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190 1993-01-09 18 Reuter WASHINGTON The Federal government faces "an explosion of unfunded costs" that could push the budget deficit up even higher in the future. Congress' General Accounting Office said. In reports prepared for the presidential transition, the GAO said the looming costs includeReuter - 190 words
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Article, Illustration551 1993-01-09 18 NYT Reuter WASHINGTON In a change of tactics, the Bush administration is now secretly trying to strike a deal by the end of next week to bring about a reduction in tariffs around the world, US and European officials said on Thursday.NYT; Reuter - 551 words
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241 1993-01-09 18 Reuter WASHINGTON The United States and 21 other countries have announced a commitment to expand and strengthen efforts to halt the spread of ballistic missiles that could be used to carry weapons of mass destruction. US State Department spokesmanReuter - 241 words
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226 1993-01-09 18 Reuter LONDON Britain has launched an inquiry into reports that children may suffer epileptic fits from playing computer games on television screens. The government move on Thursday followed newspaper reports that two boys in Cardiff had fits while playing computer games. They had noReuter - 226 words
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Page 18 Advertisements
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Advertisement64 1993-01-09 18 Monday in Business times 13.17 acres of prime commercial land in Johor Bahru Town Centre is available for sale or Joint-venture with a public listed company. Strategically sited with frontages to Jalan Tebrau and Jalan Tun Abdul Razak. Freehold tenure. Interested parties are invited to write in strict confidence to:64 words
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Advertisement12 1993-01-09 18 Monday in Business Times More reports on the US economy, Pg 612 words
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ExecutiveLifestyle
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Article, Illustration1662 1993-01-09 19 Susan Tsang - What career opportunities await the baby-busters in this era of economic maturity? Susan Tsang finds out Susan Tsang AFTER World War II came the baby-boomers. This huge generation, born after the end of hostilities, grew up to greet the economic boom, that period of1,662 words
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STRAWS IN THE WIND
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Article80 1993-01-09 19 THOSE who cxpected the Tokyo stockmarket to improve after the royal wedding announcement must have been disappointed. Although stocks were firmer, there was no discernible surge. "Only the mood in the market is bright due to the royal wedding news," said a Japanese trader. "People don't want80 words
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Article76 1993-01-09 19 IF YOU thought Dan Quayle was going to disappear forever, think again. He's been immortalised in a karaoke set. For $698, you can buy your very own QUAYLE karaoke at your nearest hi-fi dealer, a special deal advertised in Friday's The New Paper. For a few76 words
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Article30 1993-01-09 19 YES, it's malign the media time again. That was probably the intention behind a press release that invited the MESS Media to cover a press conference.30 words
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OPINIONS
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Article, Illustration1480 1993-01-09 20 Ian R Macdonald - Reader Donald Hagger wrote in to say in BT's Dec 19/20 edition that John Bittleston's article the week before on Britain's economic and social problems was a 'grotesque parody of conditions in Britain'. Two Britons have since joined the debate. The first is lan R Macdonald lamenting...1,480 words
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Article, Illustration855 1993-01-09 20 Christopher Smith - while Christopher Smith picks up where Donald Hagger left off Christopher Smith The writer is British, a language consultant and a freelance writer BY THE time this article appears, readers will have forgotten the anecdotes with which John Bittleston put the boot into present-day855 words
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859 1993-01-09 20 Nirmal Ghosh - Nirmal Ghosh believes that the concept of service is one which is much misunderstood Nirmal Ghosh The writer is a BT journalist AFTER having travelled all over the world for the best part of the last decade, and lived in two countries, I859 words
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316 1993-01-09 20 Damien Sin - LETTER TO THE EDITOR Damien Sin MY FRIENDS have been worried that with the success of my first book. Classic Singapore Horror Stories, that I would be "selling out" my values as an artist, crossing over and joining the ranks of the smug, secure316 words
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VIEWPOINT
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Article, Illustration1728 1993-01-09 21 Margaret Thomas - f CONVERSATIONS RAFFLES President of Aware Dr Kanwaljit Soin has no objections to being labelled a feminist. Singapore's only female NMP tells Margaret Thomas why her approach to family life and national politics can bring about a more balanced society Margaret Thomas FEMINIST, admits Kanwaljit Soin, isPhoto by Arthur Lee - 1,728 words
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Article566 1993-01-09 21 LIKE many well-educated Singaporeans, Kanwaljit Soin isn't too keen on the idea of race-based, self-help groups. She would be much more comfortable with a national scheme by which Singaporeans made monthly contributions to a fund to help the disadvantaged than the current system of Indians566 words
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1527 1993-01-09 21 FOR much of her first day in Parliament last September, Kanwaljit Soin sat perched on the edge of her seat, taking in everything going on in the House and looking out for her turn to ask a question. "It's a fabulous learning experience.1,527 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration602 1993-01-09 22 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities, Crosby Securities, Daiwa Securities Singapore, DBS Asset Management, Kim Eng Securities, Lum Chang Securities, Morgan Grenfell Asia Securities, Ong Co, Phillip Securities and W I Carr. Buy! Chuan Hup.Source: Bridge - 602 words
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Article, Illustration229 1993-01-09 22 LAI MUN KIT, 30 - LAI MUN KIT, 30 Senior investment manager, DBS Asset Management Manages The Singapore Fund, Inc which is listed on the New York Stock Exchange and the Osaka Securities Exchange. The fund is invested mainly in shares in Singapore, and to a lesser degree, Asean countries and Indochina.229 words
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Article, Illustration1019 1993-01-09 22 Agnes Chen - Regional stock markets are booming, yet S'pore investors seem reluctant to venture there. Agnes Chen finds out why Agnes Chen TIMIDITY, a dislike for the unknown and a lack of information. What is holding Singapore companies back from offshore opportunities is also denying Singapore investors better returnsSource: W I Can - 1,019 words
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Article, Illustration1211 1993-01-09 22 Dawn Tan - STOCK By Dawn Tan OVER 48 hours, share prices of Nat Steel, Metro, UIC and bread-maker QAF Holdings put on 3.5 per cent to 5 per cent. The reason? Rumours of new projects and contracts in China. As one broker observes: "The sentiment seems to1,211 words
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Article, Illustration1280 1993-01-09 23 Shoeb Kagda - Regional currencies are expected to perform strongly this year, reports Shoeb Kagda Shoeb Kagda Exotic, son. However one defines them, regional currencies are in vogue. The Thai baht, Malaysian ringgit, Indonesian rupiah and to a lesser extent the Philippine peso are very much in demand bySource: Telerate - 1,280 words
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Article, Illustration366 1993-01-09 23 Kooi Cho Teng - Kooi Cho Teng takes a look at the golf clubs to be opened this year Kooi Cho Teng NOTHING happened in the last month of 1992 to move the prices of golf club memberships in Singapore. Slight adjustments within the bundle of seven clubs led366 words
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Article, Illustration293 1993-01-09 23 Paul Leo - Spotlight currency Paul Leo THE GERMAN deutschemark is expected to weaken this year because of the declining German economy exacerbated by racial violence, the narrowing of the interest differential between US and Germany and the expected recovery of the US economy. Union Bank of SwitzerlandSource: TeleTrac - 293 words
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785 1993-01-09 23 Moiz Tyebally - Thinking of bankrolling your friends in a surefire success? Moiz Tyebally offers some advice Moiz Tyebally SOME friends come along with a wonderful idea for a business. All they need is a good friend you to put up that last $10,000. If you value your785 words
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Article, Illustration633 1993-01-09 24 JAIME EE - Cinema Review By JAIME EE AS THEY say, it can only happen in America. A man saves 54 passengers from a burning plane, and he gets US$ 1 million and the entire country's adulation. Try that in Singapore and you might get a Guinness commendation for633 words
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Article, Illustration686 1993-01-09 24 SUSAN TSANG - By SUSAN TSANG LIFE is great when you're young and have your own flat in Seattle, home of grunge rock groups like Alice in Chains, Pearl Jam and er, Citizen Dick. Or is it? Six people in their twenties single out in Seattle. They are686 words
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Article, Illustration1618 1993-01-09 24 Karim Raslan - Karim Raslan on the underlying bullishness in the colony's art and antiquities market Karim Raslan HONGKONG is the kind of city where being "old" is pejorative: tower blocks are torn down before they are 10 years old and designer shops cleared of their "old"1,618 words
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Article, Illustration822 1993-01-09 24 SAMUEL EE - Mrtwin4 By SAMUEL EE ALTHOUGH the purists may decry the Panther Kallista as nothing more than a new car made to look old, there is one virtue above all else that buyers of this vintage-look convertible treasure its reliability. The Panther Kallista is, after all, a822 words
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Article, Illustration614 1993-01-09 25 DAVID BRAZIL - Travel Notes By DAVID BRAZIL WHEN an official opening in Batam attracted such heavyweights from Jakarta as Mme Soedharmono (wife of the nation's vice-president), Siti Hardiyanti Rukmana (President Suharto's daughter), and Joop Ave (Indonesia's director general of tourism), you could be sure something significant was614 words
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HEALTH & FITNESS
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1063 1993-01-09 26 IF YOU'RE like most sedentary adults with a token concern for your health, you would find this scenario pretty familiar: you wander into a health food shop and immediately you are deluged by salesgirls who extoll to you the virtues of one vitamin or1,063 words
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Article, Illustration582 1993-01-09 26 If you've ever been to the vitamin section of your local drugstore, you know what a bewildering array of choices there is everything from colourful kiddie pills to obscure amino acids with five-syllable names. Here's a map to help you through the maze.582 words
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PEOPLE
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Article, Illustration204 1993-01-09 26 VIDEOTAPE manufacturer Electro Magnetics Ltd on Tuesday held a presentation followed by a cocktail-cum-dinner at the Westin Hotel's Sophia Room, to celebrate its listing on Sesdaq. The function was hosted by EML's new chairman, Hongkong businessman Parry Chang and his daughter Patsy. Ms Chang is EML's204 words
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Article, Illustration200 1993-01-09 26 THEY were at a cocktail reception thrown by Pan United Corporation at Compass Rose, Westin Stamford, to mark the end of the visit to Singapore by a Chinese delegation. Led by Fujian province's governor Jia Qing Lin, the eight-member team was here to give a seminarPhotos by Chris Loh - 200 words
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TIME OFF
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Article, Illustration1204 1993-01-09 27 Shahiron Sahari - Shahiron Sahari finds out what is drawing the Shenton Way set to Boat Quay Shahiron Sahari SIR STAMFORD Raffles took his first step on Boat Quay in 1819 and made history. Now, more than 170 years and a few wars later, some smart entrepreneurs are trying1,204 words
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Article, Illustration667 1993-01-09 27 THE MOST difficult place to get to at the Boat Quay, if you're coming from the Shenton Way side, is the Kakadu KTV Lounge and Pub. The path leading there looks like something from the proverbial "war-torn Beirut" really off the beaten track which,667 words
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Article196 1993-01-09 27 The Ramayana The greatest classic Indian epic poem is presented in the form of a dance drama with 100 dancers. Entry is by invitation only, but the free cards are available at Kala Mandhir, Excelsior Shopping Centre #02-16, Coleman Street. Call 336-7987 for details. venue: Victoria Theatre, January 14196 words
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Article, Illustration167 1993-01-09 27 Pavarotti in Concert The biggest and most expensive event this month. The talented fat man will probably bet his last plate of pasta that even the most cynical opera fan will swoon to the sound of his wonderful tenor. venue: Indoor Stadium. Next Sunday at 7.30 pm. Tickets at167 words
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Article68 1993-01-09 27 Don't Look Now A 1973 Italian film based on a story by Daphne Du Maurier, with Julie Christie and Donald Sutherland. Arty occult thriller about the parents of a drowned child and their horror-filled trip to Venice. Screened by the Singapore Film Society. Admission by membership, which costs $8068 words
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Article, Illustration355 1993-01-09 27 Friends Programme The Friends of the Museum have a variety of programmes to increase your knowledge of Singapore and the Asian region. You can join or go along even if you're not a member. Next Tuesday, January 12, there is a lecture on Chinese New Year customs,355 words
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Article99 1993-01-09 27 Photography course Here's an alternative to Sunday golf. Photographer Ho Khee Tong offers tips for the budding lensman at the Substation beginning tomorrow until March 7. The course costs $240. Call 337-7800 for more details. While there, be inspired by the photographic accomplishments of five Temasek Polytechnic students, which99 words
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Article264 1993-01-09 27 Chinatown Lightup The annual lightup gets underway tonight to mark the beginning of the festive season. If you haven't been there recently, it's worth a trip. Many of the buildings have been wonderfully restored and painted. Stalls selling traditional foods, pussy willows and a multitude of other items264 words
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EPICURE
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Article, Illustration499 1993-01-09 28 JAIME EE - Bon Appetit By JAIME EE SOMETIMES, when you find yourself facing a milieu of choice, you tend to head for the most familiar, and usually you're not disappointed. Such was the case one lunchtime when hunting for the dish of the day meant cracking the heels against the499 words
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Article365 1993-01-09 28 QUEK SWEE PENG - By QUEK SWEE PENG WHEN you dine with Dieter Kaufmann, you can expect to be spoilt for choice. Especially when, on first meeting, he woos you with an array of appetisers, including a chilled tomato consomme with sushi, followed by fish-dominated main courses. Kaufmann is German. He and365 words
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611 1993-01-09 28 N K YONG - Wine By N K YONG 1 WAS enjoying Egon Muller's delicious Scharzhofberger Riesling Auslese 1990 at a special Zur Traube cum Egon Muller wine dinner earlier in the week and wondered when it would really be ready to drink it was clearly too young. Turning611 words
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Article, Illustration1055 1993-01-09 30 A Few Good Men. Egged on by an earnest Demi Moore, navy lawyer Tom Cruise defends two marines accused of murder. To do this, he confronts the acerbic base commander head-on. Jack Nicholson lends a touch of fiend ishness to the commander. Orchard: 11; 3: 6.30; 9.30. Empress 3:1,055 words
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Page 19 Advertisements
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Advertisement207 1993-01-09 19 EXPRESS I SHARE LOAN The way of turning shares into MONO LEOMG FMAMCE LIMITED SMGAPOfIE FMANCE UMTTEDI *****33 *****33 H HLFoeai SFOMOM I B- iir >5P*~ v■ a i -v, #if V I I V/M L 1 11 ftm^k 1 M j v m 1 Iff U m Hif/.* HtS!ulnK^^^HPiiflu^9KmlV^B^^^^^l207 words
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Page 20 Advertisements
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Advertisement25 1993-01-09 20 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. I>etters should include your contact numbers.25 words
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Page 20 Miscellaneous
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Miscellaneous31 1993-01-09 20 DOONESBURY GARRY TRUDEAU J*s22f£ VOttTUQRRf NEXTTHINGI UJICKEP. Aa^n mnmuasm ABOUT ME ANP v KNOUJ.HOS HOUIONG JtfSJL amjanrtrr CAN HANOE flB EfThCRHIM 9EEH *%A I*A*MO?. His ACT- j OR ME" OCTTING? /i4^31 words
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Page 23 Advertisements
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Advertisement307 1993-01-09 23 Someone dose has been Rving Your son in Canada is studying for some years, overseas. YbuVeg^enup ■PflSB CSS? mrifrmM wanthim TiSSSmm ■EM£H close to home weekly tells it better. -with news (He might from home. comeback IMnMifl after reading all the good news.) To your principals You've posted and business307 words
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Page 25 Advertisements
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Advertisement165 1993-01-09 25 FOR MORE THAN 2000 YEARS, MAN HAS BEEN SEARCHING FOR THE PERFECT LWEEXPERIENCE. BANG BRINGS IT INTO YOUR LIVING I _^a3B mm&-<-,.' J L^JMI H *J i i^J r m' t^L' HS ~7 i A v.- a V t< -'.-j^ Bi^^k&sL^ v m •;i Beosystem AV 9000 Surround Sound Is165 words
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Page 28 Advertisements
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Advertisement445 1993-01-09 28 NISHIKI ISt t<) 31 St Jail (except J2f 2;ir<i J4ih km) Specially pref>ared by our Japanese Chef in four different delicious ways: Deep Fried Tempura. grilled with salt or Teriyaki Sauce. Hot Plate Teppanyaki or Claypan Tolxinyaki. Available at only $7 f)er loogm for lunch and dinner For reservations, please445 words
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Page 29 Advertisements
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Advertisement929 1993-01-09 29 Nothing Beats A Bud. Biffin! where to wine, dine and entertain OF Penang High Tea Come and sample our reAt only $11.80++ per adult and $6.80+ per child, Thecombinedexperienceof inclusive of coffee/tea, this is our Penang chefs total 80 one high tea with a years to bring you the best!929 words
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Advertisement337 1993-01-09 29 (jefgcingf JkSfmch&tfffr Fines de Claire Oysters, Salmon "Norvegienne", Escargots with Mushrooms and other French favourites at our sumptuous buffet. We know you I|\ can hardly wait... &J\ Bg|.| I I apore Hoor Vie smv the world to you at Top of the M //af(6itff> 'ttttp'tMf h ill tn*t* d mvem337 words
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Page 30 Miscellaneous
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Miscellaneous2516 1993-01-09 30 TODAY'S TV 10.00 Smoggies. tv. Wonders In NN NcwsiM) 4.00pm, SBC the Pendidikan A woman becomes a show 1.00 Angkasafilm star but a director laughs P"" < V L >- at her talent. They decide to Then report on the newly- HM* *.00 Drama Pilihan (M). team up so that2,516 words
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