The Business Times, 16 January 1993

Total Pages: 28
1 28 The Business Times
  • 15 1 SINGAPORE Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, January 16-17 1993 75«
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  • 434 1  -  By Lilian Ang SINGAPORE British Petroleum (BP), Caltex and homegrown Singapore Petroleum Co (SPC) are going ahead with a long-delayed US$9OO million plan to upgrade their jointlyowned refinery on Pulau Merlimau. The three oil companies recently finalised details of the project,
    434 words
  • 544 1  -  From Leslie Lopez in MUAR THE SPECTRE of a constitutional crisis loomed last night when Malaysia's nine sultans refused to invite Prime Minister Mahathir and other top government leaders to a special conference of rulers to be held today. Law Minister Syed Hamid Albar told reporters
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  • 426 1  -  From Catherine Ong in HONGKONG BRAVING wintry weather, more than 1,000 Cathay Pacific Airways cabin crew employees continued their strike for the second day, grounding nearly half the carrier's fleet of 50 planes. The picket line at Hongkong's Kai Tak airport grew
    426 words
  • 283 1 Reuter BEIJING A Taiwan company has responded to China's invitation for foreign investment in its creaking aviation industry with plans for a stake in a new US$3l5 million (SSS2I million) airport, Xinhua news agency reported yesterday. It also quoted Jiang Zhuping. head of the
    Reuter  -  283 words
  • 223 1 SINGAPORE Hongkong Governor Chris Patten's recent criticisms of Senior Minister Lee Kuan Yew were over statements Mr Lee never made, his press secretary has said. Mr Patten, in an interview last week by BTs Hongkong correspondent Catherine Ong, described as absurd the thesis that
    223 words
  • 202 1 2am LATEST Reuter WASHINGTON President George Bush said yesterday that Iraq must grant clearance for United Nations inspection teams to land by 2100 GMT yesterday (sam, Saturday, Singapore time) or it will not be in compliance with UN resolutions. "The flight
    Reuter  -  202 words
  • 441 1  -  By Quak Hiang Whai SINGAPORE The Singapore International Monetary Exchange (Simex) will continue to trade in Japanese Nikkei 225 stock index futures despite pressure from the Tokyo Stock Exchange (TSE) to impose restrictions. Simex president Ang Swee Tian
    441 words
  • 112 1 hrida> Change Sill 1,572 40 +1400 KLSE Composite f 17.49 -2.32 Nikkei closcd Hang Seng 5.871 80 -18.36 SET Index 943 59 +5.38 Jakarta Composite ...277.27 +0.84 CLSAlhinaB 1.331.94 72.75 Aust All Ord 1.524 5 17.1 FrSE 100 2.765 1 +5.9 Krida) Previous noon close Dow Jones 3,271.39
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  • SINGAPORE NEWS
    • 251 2  -  EDB sets up Capability Development Division By R Sivanithy THE Economic Development Board's new Capability Development Division (CDD) aims to help ensure that key local industries remain competitive. It will pay special attention to: precision engineering, plastic process technology, submicron technology, product
      251 words
    • 240 2 SINGAPORE Communications Minister Mah Bow Tan last night underlined the government's commitment to finance the capital cost of Singapore's public transport infrastructure. "The government has spent billions of dollars on providing bus interchanges, bus stops and our MRT system free-of-charge to the operators. And
      240 words
    • 259 2 TWO new faces have been appointed to the board of directors of the Trade Development Board. They are Ho Kwon Ping, president of Wah Chang Group, and Col Chen Chin Chi, assistant chief of the general staff (training). Ministry of Defence. Their
      259 words
    • 131 2 ERA REALTY Network Pte Ltd will venture into the construction business this year by taking a majority stake in an existing firm. ERA managing director Harry Chua said yesterday that the move was in line with the company's aim to provide a range of real estate-related services.
      131 words
    • 527 2  -  By Anna Teo SINGAPORE Calls for the foreign worker policy to be further relaxed, and particularly to apply the levy flexibly, were among various concerns raised at a Feedback Unit dialogue on business costs last night. The need to venture overseas
      527 words
    • 253 2 SINGAPORE The practice of law in Singapore took a new turn yesterday when the Legal Profession (Publicity) Rules 1993 came into effect. The new rules mean lawyers can now advertise their services, something that had long been taboo. But the advertising must be within
      253 words
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    • 491 2 With our eyes on Asia, and our ears to the ground. Business Times is your source of time-sensitive information that shapes the fastest growing region in the world.For readers in Singapore, Business Times provides news and analyses that will help Hat* Lack Sim WWftw wa** You Plane In The atr#after
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  • THE REGION
    • 678 3 Region's rate of private investment highest among developing countries AFP rOKYO Active government intervention rather than a laisscz faire approach has given East Asia the highest rate of private investment among developing countries, according to a new study by a World Bank
      AFP  -  678 words
    • 522 3  -  By S N Vasuki in TOKYO ECONOMISTS call it wishful thinking but the forthcoming royal wedding between Japanese Crown Prince Naruhito and career-diplomat Masako Owada has raised unrealistic expectations in the recession-hit country. As grim statistics continue to confirm Japan's economic slide, some commentators
      522 words
    • 226 3 Reuter MANILA A Philippine Muslim sultan vowed yesterday to go to war unless Malaysia recognised his claim to the eastern state of Sabah. Jamalul Kiram. the Sultan of Sulu. told a news conference he was also demanding US$lO billion (5516.5 million) in
      Reuter  -  226 words
    • 408 3  -  By Abdul Hadhi SINGAPORE Expressing concern over the present impasse in Cambodia. Asean foreign ministers yesterday called for a separate presidential election in that country besides the general election scheduled for May. Asean's stand won Japanese backing almost immediately. Japanese Prime Minister Kiichi Miyazawa,
      408 words
    • 345 3 BANGKOK The Asean private sector has proposed the establishment of an arbitration body to settle trade disputes once the Asean Free Trade Area (Afta) is implemented, according to a report in The Nation. Representatives of the Asean Federation of Glass Manufacturers said at the
      345 words
    • 373 3 AFP SINGAPORE Hongkong's ability to weather the 1997 transition depends on whether overseas Chinese will continue to pick the territory as a base for their mainland and global businesses, a consultancy firm said yesterday. "Analysing Hongkong's future means analysing the confidence of
      AFP  -  373 words
    • ASIA NOTES
      • 76 3 UPI KUALA LUMPUR Malaysia has appealed to Japan for monetary assistance to provide technological equipment for the monitoring of shipping in the busy Malacca Straits, officials said on Thursday. Foreign Minister Abdullah Ahmad Badawi told reporters of the request at a briefing following
        UPI  -  76 words
      • 79 3 AFP HONGKONG Prosecutors said on Thursday they would drop 23 of the 39 multi-million-dollar fraud and bribery charges against former Bumiputra Malaysia Finance (BMF) chairman Lorrain Osman. They also said they would not pursue seven of the 23 charges against co-accused George Tan, but did
        AFP  -  79 words
      • 68 3 AFP BANGKOK Thai technocrats arc considering a multi-million-dollar proposal to divert water from northern Thailand to Bangkok and the industrial central region, government officials said yesterday. The proposed USSI billion (551.65 billion) project will channel about 2.7 billion cubic metres of water annually to central
        AFP  -  68 words
      • 96 3 AFP BEIJING The Chinese authorities began distributing yesterday the latest propaganda aimed at spreading senior leader Deng Xiaoping's theory of socialism, the Xinhua news agency reported. The 200,000-word book, Deng .Xiaoping on Building Socialism with Chinese Characteristics, is aimed at "helping the whole party
        AFP  -  96 words
      • 60 3 Bernama TOKYO Negotiations between Iranian and the Japanese officials for a low-interest loan of USSI.3 billion arc in the final stages. The money will be spent on carrying out a reservoir dam on the Karun River in Khuzcstan callcd Project Karun 4. Japan is
        Bernama  -  60 words
      • 86 3 UPI JAKARTA Attorney-general Singgih said on Thursday that the captured East Timorese rebel leader Xanana Gusmao will be put on trial in February, charged with igniting a revolution and facing the death penalty if convicted. "We arc expecting that by the end of january interrogations
        UPI  -  86 words
    • 186 3 KnightRidder HONGKONG Chinas stancc on political reform in Hongkong remains unchanged, and there is no room for compromise or negotiation, the top Chinese official in the colony said late on Thursday. Zhou Nan, head of the Hongkong branch of the Xinhua News
      Knight- Ridder  -  186 words
    • 375 3 Reuter TAIPEI Taiwan's Parliament unanimously approved on Thursday the first instalment of a US$6 billion (559.9 billion) budget to buy 150 F-16 jet fighters from the US. legislators said. The legislature passed a third and final reading of the US$662 million
      Reuter  -  375 words

  • THE WORLD
    • WORLD WATCH
      • 81 4 MOSCOW Russia is pushing ahead with plans to hold a referendum on its constitution but President Boris Yeltsin says that parliament leaders are playing down its importance. The leaders of the Supreme Soviet (standing parliament) were "scared" the April 11 vote would trim their powers.
        81 words
      • 53 4 COPENHAGEN Denmark, the current holder of the European Community presidency, was thrown into political crisis when Foul Schluter. prime minister since 1982, announced his resignation after a judicial inquiry savagely criticised him for misleading parliament on a scandal surrounding the government's attitude to Tamil refugees
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      • 84 4 TOKYO —At least 193 people were injured yesterday when the strongest earthquake to hit Japan in a decade shook northern, mainly rural areas with a force of 7.5 on the Richtcr scale. Nine small fires broke out and seven buildings were badly damaged on the
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      • 54 4 ADDIS ABABA Somalia's feuding factions signed a hard-won accord yesterday to declare a national ceasefire and disarm their unruly militias. The agreement was signed in the Ethiopian capital after more than a week of bargaining by 14 groups, including those of rivals Mohamed Farah Aideed
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      • 56 4 PARIS Former Prime Minister Michel Rocard is the likely Socialist party candidate for the French presidential election in 1995 when President Francois Mitterrand's second seven-year term expires, according to European Commission President Jacques Delors. Mr Delors said Mr Rocard had been designated by the
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    • 287 4 Reuter WASHINGTON US Presi-dent-elect Bill Clinton is entering office with a record-high approval rating and high expectations from the public, according to a bipartisan polling organisation. Voters gave Mr Clinton's performance since the election an 84 per cent approval rating against only
      Reuter  -  287 words
    • 512 4 Without rapid job creation, recovery remains fragile: reports Bloomberg WASHINGTON A trio of economic reports released on Thursday showed that Presi-dent-elect Bill Clinton will inherit a fragile recovery missing a key ingredient: rapid job creation. Claims for unemployment benefits jumped 52,000 to 343,000
      Bloomberg  -  512 words
    • 294 4 FT BONN Members of Germany's ruling coalition claimed to have made "huge progress" in finalising proposals for the planned "solidarity pact" between the government, opposition, employers and trade unions intended to finance the soaring cost of unification. Final plans will be
      FT  -  294 words
    • 282 4 Reuter UPI NEW YORK. Three out of four chief executive officers are optimistic about business prospects this year and nearly 60 per cent expect their industries to rebound, according to a surve> b\ the American Stock Exchange. Just oxer half of the
      Reuter; UPI  -  282 words
    • 60 4 WASHING lON President George Bush with his >oice qimering with emotion at the outset of a farewell speech to military personnel at Fort Meyer said: "We showed Saddam Hussein once again that he cannot violate international law with impunity." He added that the US pilots who
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    • 503 4 Reuter WASHINGTON While President George Bush talks tough and gets personal with Saddam Hussein. Presi-dent-elect Bill Clinton may be free to stand back and re-assess US dealings with the troublesome Iraqi strongman. As the latest crisis with Iraq unfolded this week. Mr Clinton
      Reuter  -  503 words
    • 429 4 FT LONDON The government has pledged immediate steps to make electronie bugging and trespass criminal offences, and promised serious consideration of a civil remedy against undue intrusion into privacy. But it stopped short of backing the central plank of Sir David
      FT  -  429 words
    • 283 4 NYT BEIJING Americas relations with China for years to come may be determined by US President-elect Bill Clinton's handling of a single issue in the next six months: extension of "Most-Favoured-Na-tion" trading status for China. Mr Clinton suggested in
      NYT  -  283 words
    • 448 4 NYT TOKYO For all of what Bush administration officials describe as their foreign polio successes elsewhere, they concede that the\ are lea\ing Mr Clinton with an over-arching problem in Asia: a Japan policy that is in disarray, with few fresh ideas about
      NYT  -  448 words

  • COMPANIES & MARKETS
    • 447 5  -  Li Ka-shing, Frank Tsao believed to be among the HK partners in Sunwise By! Sylvia Wong SINGAPORE The United Overseas Bank group (UOB) has taken another step into China. Three months after it partnered three Singaporean corporations to explore China's
      447 words
    • 360 5  -  By Colin Tan SINGAPORE Listed Parkway Holdings Ltd has called off a deal with Shell Eastern Petroleum to jointly develop an office tower at the oil company's Anson Road petrol kiosk site. Parkway said yesterday that the conditions necessary to
      360 words
    • 395 5  -  By Genevieve Cua SINGAPORE Inno-Pacific Holdings yesterday said the prices it had obtained on the sale of its shares in three companies were fair as they were substantially higher than the book values of these investments. Inno-Pac announced plans last August to
      395 words
    • 324 5 MBT KUALA LUMPUR Chocolate Products (Malaysia) Bhd (CPB) has proposed a one-for-four rights issue of 22.33 million new CPB ordinary shares at an issue price of 80 sen per share. In a statement issued yesterday, it stated that the proposed rights issue is to
      MBT  -  324 words
    • 580 5  -  HOCK LOCK SIEW B> Kahita Elias SINGAPORE The Sembawang group is again knocking on China's door hoping to launch an air services network there nearly three years after its first bid failed. This time, its plan is even more
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    • 421 5  -  By Rahita Elias SINGAPORE Listed Far East Levingston has found a buyer for a rig rejected by AP Moller of Denmark, putting to rest months of market speculation on the fate of the vessel. Fels said in a statement yesterday that it had
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    • Article, Illustration
      367 5 Source: Bridge Info Performance of STII's index stocks Jan 15 last Senve Index Stock vale het- factor mo»ers tS> S S \timo I 9Stj 0 010 I 7 0 0 98 tit 2<0 0.150 6 33 14. 7 I tercN* 4 '20 0 100 4 12 980 t old
      Source: Bridge Info  -  367 words
    • COMPANIES
      • COMPANY BRIEFS
        • 26 6 SINGAPORE Scotts Holdings has completed the purchase of lelok Aver Properties and its subsidiaries, making Telok Ayer Properties a fully-owned subsidiary.
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        • 38 6 SINGAPORE Tuan Sing Holdings said its two-for-one rights issue of 283.3 million shares was 14 per cent oversubscribed. The rights shares with a par value of 25 cents were offered at 30 cents apiece.
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        • 26 6 SINGAPORE Foreign investors held 5.76 per cent of Overseas Union Trust as of Dec 13, 1992, OUT said yesterday.
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        • 39 6 SINGAPORE Tat Lee Bank said foreigners held 2.59 per cent of its shares at the end of 1992. Foreign ownership of its subsidiary. Tat Lee Finance, stood at 2.19 per cent on that date.
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        • 100 6 Reuter SEOUL South Korean opposition leader Chung Ju Yung (centre), suspected of using funds from the Hyundai empire he founded in his failed campaign for the presidency last month, yesterday appeared for questioning by prosecutors. The 77-year-old Mr Chung, who turned to politics last year
          Reuter  -  100 words
        • 25 6 MBT KUALA LUMPUR Guoco Group Ltd has purchased 636,000 Hong Leong Credit shares at M 56.50 each on Jan 13.
          MBT  -  25 words
        • 40 6 MBT KUALA LUMPUR Hong Leong Credit said the 2.15 million Ban Hin Lee Bank shares which it acquired on Nov 23, 1992, was paid for with M 59.26 million (555.92 million) cash.
          MBT  -  40 words
        • 108 6 AFP TAIPEI Taiwan's flag carrier China Airlines (CAL) will list its shares on the Taiwan Stock Exchange as scheduled in late February although its public offering was a flop, CAL spokesman Lo Chi said yesterday. Only 11 per cent of the 41 million
          AFP  -  108 words
      • 202 6 PTX SINGAPORE PTX, the ful-ly-owned Malaysian subsidiary of Singapore-listed company Pentex-Schweizer Circuits, will stop operations immediately because of heavy losses. Pentex-Schweizer Circuits said in a statement last night that the cessation of PTX's business is not expected to affect the rest of the group's operations.
        PTX  -  202 words
      • 670 6 MARKET WATCH Knight-Kidder TAIPEI Domestic Taiwanese politics will dog the nation's stock market in coming months, pushing it lower, analysts say. The benchmark Weighted Index is likely to fall below 3,000 points in the first half of the
        Knight-Kidder  -  670 words
      • 658 6 Asiavest to divest 50. lpc of Intradagang to Advance Synergy for M557.6m KUALA LUMPUR Advance Synergy Bhd and Berjaya Group Bhd have proposed to take up 70.1 per cent of the equity jointly in Intradagang Merchant Bankers (M) Bhd for
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      • 254 6 Bernama MBT Bernama KUALA LUMPUR Berjaya Group Bhd has registered an 11 per cent drop in its group pre-tax profit for the six months ended Oct 31, 1992, to M 560.43 million (5538.67 million). This came despite an improvement in turnover to M
        Bernama; MBT  -  254 words
      • 43 6 NEW YORK Comedian David Letterman (left) sharing a laugh with CBS president and chairman taurence Tisch during a press conference at CBS headquarters here on Thursday where it was announced that Mr would move his late-night show to CBS from NBC.
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      • 303 6 Bloomberg BEIJING Honeywell Inc has signed a joint venture agreement with Sinopec. the Chinese state petrochemical company, to supply computerised control systems to the oil refining industry. Minneapolis-based Honeywell, a global manufacturer of control systems, said on Thursday that the venture, Sinopec
        Bloomberg  -  303 words
      • 418 6 Reuter MAYNARD. Massachusetts Digital Equipment Corp. the US computer giant that is struggling to return to profitability, said on Thursday it cut net losses by more than half in the latest quarter. Wall Street responded enthusiastically, sending Digital's stock US$7 higher on the
        Reuter  -  418 words
      • 272 6 Reuter HONGKONG The Hang Seng Index could surge almost 30 per cent this year to 7,100 points but only if three major political and trade issues are solved, Hongkong and Shanghai Banking Corp Ltd (HSBC Holdings pic) said yesterday. In its
        Reuter  -  272 words
      • 462 6 Reuter MANILA Senior Philippine communications official Josefina Lichauco said yesterday she was determined to break up the country's telephone monopoly after renewed pressure from President Fidel Ramos. "The president has issued an order to abolish the monopoly and it shall be implemented," said
        Reuter  -  462 words
    • FINANCE AND COMMODITIES
      • 523 7  -  By Paul Leo SINGAPORE Swiss Volksbank Singapore will give up its offshore banking licence when its operation here has been taken over by Credit Suisse Singapore. But it will keep a separate representative office locally. Swiss Volksbank executive vice-president Rudolf
        523 words
      • 290 7 MBT KUALA LUMPUR Bank Bumiputra Malaysia Bhd's (BBMB) levei of non-perform-ing loans is manageable, although it is still a cause of concern. Newly-appointed chief executive office: and executive director Abdal Aziz Othman said the banc had identified the problem, and
        MBT  -  290 words
      • 335 7 Reuter WASHINGTON Federal regulators adopted rules on Thursday to ensure the development of the market for "swaps", financial instruments that big investors use to defend against unexpected currency and inter-est-rate swings. By specifically exempting the esoteric products from commodities law, the
        Reuter  -  335 words
      • 529 7 DBS Bank weekly currency review US$/Dm: Biring on dips is preferred The greenback only managed to touch a ligh of 1.6497 marks after beaking the resistance at 1.6415 on Jan 8, and started this w«ek on a weaker note. A bearish divergence seen in daily
        529 words
      • 357 7 Bloomberg ENERGY REPORT NEW YORK Crude oil futures rose in New York and London after the latest initiative from Opec to bolster falling international oil prices by cutting production. Venezuelan oil minister and current Opec President, Alirio Parra,
        357 words
      • Article, Illustration
        1620 7 I rade-*ei*hted index calculated a.tain\l S pine's lop 14 trading partners Base year 19K5 US$/S$ forward rates Noon Jan IS ss Bid Offer 1-month 1.6566 ***** 2-month 1 6556 1 6571 3-month 1 6546 1.6561 6-month 1.6515 1 6535 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10mm yesterday: Singapore
        1,620 words
      • 131 7 Another uneventful day in the market. With the Tokyo market closed yesterday, most dealers were content just covering positions. There was very little interest in the USS/SS yesterday. The dollar traded in a narrow 1.6580-90 range for most of the day. The ringgit strengthened slightly
        131 words
      • 181 7 Reuter LONDON The dollar gained ground yesterday, boosted by US data showing inflation under control and the domestic economy growing slowly but steadily and by market rumours of possible interest rate cuts in Europe next week. One economist at the Bank of America in London said the latest statistics
        Reuter  -  181 words
      • 78 7 Reuter NEW YORK The dollar, which may benefit from continuous speculation about lower German interest rates, seems to be building a base for another test of resistance at 1.6400 marks next week, analysts say. But at mid-morning yesterday, the dollar was range-trad-ing at 1.6265 marks, after US data
        Reuter  -  78 words
    • COMMODITIES & FUTURES
      • 1412 8 SIMEX REPORT SINGAPORE Simex Eurodollar interest rate futures firmed at midday yesterday against late Chicago closes, boosted by a US$7.2 billion fall in US money supply. The sharply lower M 2 in the Jan 4 week and the plunge of USS2S billion in the broader
        1,412 words
      • 989 8 COMMODITIES REPORT Tin THE price of tin retreated to close six sen lower at MS 14.75 per kg on the Kuala Lumpur Tin Market yesterday on preChinese New Year selling and heavy offerings from miners since early trade. Dealers said
        989 words
    • 1752 8 Rubber RAS Commodity Exchange (futures dosing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 93 OOO OOO 151 00 250 2.425 Mar 153.00 153.00 153.25 400 6.850 Apr 155 00 154 25 155.25 925 7.725 May 156.25 155.50
      1,752 words
    • REGIONAL STOCK MARKETS
      • 1175 9 17.1 The share market ended a volatile week in a more buoyant mood, closing higher after strong performances in blue-chip stocks. The positive tone was set early by overseas bourses, with Wall Street's Dow Jones rising four points to 3.267. and London's FTSE 1 (X) index ending a seven-day
        1,175 words
      • 574 9 -8 Share prices slid across the board as traders took profit for the weekend, but brokers said the market looked well supported by incoming foreign funds against any further profit-taking next week. Manila's Composite Index lost 8 points to 1,312.76. "It's possible to resume the rally some time next
        574 words
      • 558 9 17.27 Share prices ended well off their highs on profit-taking after surging in early trade on expectations of a stock transaction tax cut. brokers said. The Weighted Index, which was up more than 80 points at one stage, ended 17.27 points higher at 3.314.83. Turnover rose to an active
        558 words
      • 387 9 1.06 The stock market closed slightly higher after fluctuating narrowly during the day with buying of small-capitalisation shares more than compensating for a sell-off of financials and big manufacturers, brokers said. They expected the market to show a similar trading pattern, with no particular impetus. "Investors have recently favoured
        387 words
      • 302 9 +8.12 The share market ended a lacklustre week on a dull note and brokers see trade continuing directionlessly next week. "At the moment the market is directionless and looking for a lead from offshore or from corporate news." Craig Greenwood at Hendrv Hav Mcintosh said. The NZSE-40 Capital
        302 words
      • 69 9 +65.24 Stock prices shot up on shortcovering and institutional support, but brokers said the rally appeared to be only a passing phase. They said the Bombay stock exchange index is likely to move between 2.400 and 2*600 over the next few days. The Bombay index climbed 65.24 points to
        69 words
    • WORLD STOCK MARKETS
      • 1039 9 Britannia Funds Slrrliag Cash Bid Offer Mim< ap Deposit *38 0600 **8 0700 Mim Jcrv> (<ilt 0 1867 0 l<M6 Mim Mat Incume *0 9800 ****** I S$ Cash Income Plus Fund *****0 10 5500 PS Reserve Fund *2000 5 3100 Sterling Kquitt Euro Performance 0 4337 ***** Far Fas!
        1,039 words
      • 163 9 +23.54 French share prices continued their recovery yesterday, clawing back much of the week's losses as talk of impending interest rate cuts circulated through the market. A surge in bonds and a rise in the French franc to an eight-week high against the mark also enticed buyers. The CAC-40
        163 words
      • 105 9 +0.55 The Stockholm bourse finally turned upwards yesterday after a week under the cloud of a downtrend. The mood was helped by Ericsson shares rising during late trade on Thursday in New York, and by falling money market rates. The All-Share Index closed 0.55 higher at 923.20 points. Turnover
        105 words
      • 212 9 1.37pc Frankfurt stocks ended the trading week with a strong performance yesterday in very active trading, as the DAX finished at 1.544.55 points, up 1.37 per cent from the Thursday close. Traders said the rise was due to technical factors, as yesterday was the closing day for the January
        212 words
      • 163 9 -6.67 Belgian shares closed more than half a per cent lower in moderate trade despite a 1.7 per cent rise by retailer Delhaize yesterday. Utility holding Tractebel, subject to major block trades in recent days, again hit the spotlights after a block of 30.000 shares changed hands before the
        163 words
      • 138 9 +2.32pc The Milan Stock Exchange jumped yesterday in the wake of government approval of a plan for sharebased savings accounts and the arrest of Mafia leader Toto Riina, traders said. The MIB Index finished the day at 1,058 points, up 2.32 per cent from the Thursday close. Fiat gained
        138 words
      • 244 9 +0.72 Dutch shares closed higher yesterday after the expiry of January options on stocks, indices and currencies bolstered turnover in the afternoon. Activity was hectic for the last half hour of trade with prices swinging up and down. Most settled well above the day's lows. The EOF Index closed
        244 words
      • 244 9 1.5 Swiss blue chips closed mixed after directionless end-of-week trade in the afternoon yesterday, dealers said. Prices were boosted early as many investors covered short positions ahead of Soffex futures and options expiries. The broader SPI Index rose 1.5 points to 1.255.8. Banks closed mixed, with CS Holding up
        244 words
      • 296 9 5.6 Toronto stocks were mixed in moderate, featureless early action yesterday, traders said. "Today is an (option) expiry date, a single witching day. and that dumps a bit of volume in the market because you get the guys turning over their inventory." one dealer said. The TSE 300 Index
        296 words
      • 841 9 +4.32 Prices on Wall Street moved higher early yesterday after the release of US economic figures showed an expanding trade deficit and a modest 0.1 per cent increase in consumer prices. At 11 am (1600 GMT), the Dow Jones Index of leading economic indicators had edged up 13.22
        841 words
      • 669 9 +5.9 Shares were lifted to a firmer close yesterday by Wall Street gains. But the market outlook still remains uncertain with worries about possible rights issues and government funding needs weighing on prices, dealers said. The FTSE 100 Index finished 5.9 points up at 2,765.1. Hopes of an imminent
        669 words
    • Article, Illustration
      2961 10 Reuter A four-day stock price rally ended as investors reacted to another hardline statement by China on Hongkong and downgraded profits forecasts for major blue chip HSBC Holdings. The Hang Seng index closed 18.36 points, or 0.31 per cent, lower at 5,871.80 near the close after dipping as low
      Reuter; Source: Bridge Info  -  2,961 words
    • Article, Illustration
      435 10 The CLSA Shanghai B Index rocketed 9.29 per cent to close at 1,031.46 yesterday, with a very high turnover of US$5.3l million. Vacuum B, 15.8 per cent higher, was the biggest climber closing at US$O.66 while Tyre Rubber, up 6.9 per cent, was the most heavily traded B share
      435 words
    • 2064 10 Vol Jan 14 Yea High Low COO) PE Ajinomoto 1200 unch 1220 1190 3660 73 Akai Electric 383 -7 389 382 1280 12 All Nippon Airways 968 -2 974 967 1970 190 Amada 980 5 980 971 3560 22 Asahi Breweries 1000 unch 1020 1000 1210 86 Asahi Chem
      2,064 words
    • Article, Illustration
      1820 10 Bloomberg The Stock Exchange of Thailand index is expected to edge down to 930 or 935 next week, with selling pressure seen on blue-chip financial issues, analysts said. The SET index rose 5.38 points, or 0.9 per cent, to close at 943.59, with advancing issues outnumbering dediners by a
      Bloomberg; Source: Bridge Info  -  1,820 words
    • Article, Illustration
      800 10 Reuter Slock prices closed mixed in quiet trading and brokers expect bearish sentiment to continue next week. "This week's performance doesn't seem to be inspiring players to be more active in the next few days," one broker said. Another broker anticipated prices would remain under pressure from profit-taking. Bank
      Reuter; Source: Bridge Info  -  800 words
    • 2427 11 Source: Bridge Info Source: Bridge Info Gr Gr 1992 9} Usl Vol Day last Quoit Dh IX* >ld Nrt M Cap High Low Company Sal* <UOO) H«h Low Bayer Seller CVr P/E Smil MALAYSIAN STOCKS 132 104 MSB 50c 121 xd 5.0 0 8 1.3 605 0 124.1
      Source: Bridge Info  -  2,427 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        4516 11 Source: Bridge Info INCHCES TURNOVER Clow Preview Change KLSE Composite .617.49 619.81 -2.32 NST Industrial —3533.91 3532.67 +1.24 NST Financc 3467.80 3472.94 -5 14 NST Properties ...1141 80 1144 69 -2.89 NST Tins 472.59 474.73 -2.14 NST {Rubbers 2544.85 2554.53 -9.68 Inom (tOO) Total volume 78.591 80,281 -1.690 Total value
        Source: Bridge Info  -  4,516 words
      • 245 11 Bernama KUALA LUMPUR Investors' cautiousness ahead of the rulers' meeting this weekend led share prices here to end easier yesterday but the fall was cushioned by selective support for industrial and finance stocks. Dealers said the market opened higher yesterday morning but
        Bernama  -  245 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1087 12  -  By Dexter Lee SINGAPORE The key Straits Times Industrials Index ended 14 points higher yesterday at 1,572.40, its highest close so far this year, but brokers were divided over whether a rally was in progress. Some brokers said the market's buoyancy heralded the start of
        Source: Bridge Info  -  1,087 words
      • 5864 12 MAIN BOARD Gr Gr 1992/93 List Vol Day Last Quoit Di> DK Nd >1 Cap High Low Cotnpu) Salt (TOO) ll«h Loo Bayrr Srlkr C*r S P/E Smil INDUSTRIAL AIM) COMMERCIAL 245 170 Aetna 243 +15 1990 245 230 243 245 12.2 2.1 5.0 14.0 149 9 210 210 s
        5,864 words
      • Article, Illustration
        71 12  -  HOT STOCK Quak Hiang Wkai UNIPHOENIX managed to cross the $2 level briefly late last year, but the resistance at $2 proved to be too strong and the stock corrected sharply towards $1.50. The level of 51.50 has provided quite a good support for the time being. Should that
        SOURCE: BRIDGE INFO  -  71 words
  • Page 5 Advertisements
    • 85 5 I An Acoustic Evening L The Manhattan £:< DATE SUNDAY, 7 FEBRUARY 1993 HOTLINE: 348 AAOT TIME :8 PM ENQUIRIES: 272 UUO/ VENUE HARBOUR PAVILION cke TS Ue< ol L sl^°:', S r Forum The Shopping Mall, Scotts Shopping Centre, DDirCC $30 $50 $70 $90 Raffles City Shopping Centre, Specialist
      85 words



  • Page 8 Advertisements
    • 61 8 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. ClassiFßNEflsft ■nr.i>itinTiiiif«wiiaivr.vr»itii gAta An SPH AudioTcx S•rv c I—_ HWT SURE WHERE m PUT YSfcUR MNEY? (ict ihc mwrr
      61 words

  • Page 9 Advertisements
    • 184 9 YOUR VERY OWN HASSLE-FREE uaMMc^^^raeamaj r c nCWS an( i Cr P crtincnt 'formation on companies listed on the Stock Exchange And for tmbscripthn fee ef •nig $259 per month, you and your company can 111 c Sin B a P ore International arc important to you and your business,
      184 words

  • Page 10 Advertisements
    • 56 10 See the exciting range of Mitsubishi cars today... while stocks last. Cydo A Corriogo Automotive Pfo lid. 253 Alaxondro Rood, Singapore 0315. Tal: *****22. 4^ C*CL* A CAM9IAGC WOMB The Tokyo market was closed for a national holiday MOT SUREWHERE T> PUTWW Get the answer in Personal Investment Finance. Every
      56 words

  • Page 11 Advertisements
    • 180 11 YOUR VERY OWN HASSLE-FREE BKTKOWCNWS-CUPPIWOSKVKE! news an<l ot^er P crtincnt information on companies listed on the Stock Exchange And for tuktcHpthn of omlg $259 per month, you and your company can of Singapore Clob International arc important to you and your business, then SPH subscribe to this specialised research information.
      180 words

  • Page 12 Advertisements
    • 26 12 See the exciting range of Mitsubishi cars today... while stocks last. Cyd» A Corriogo Automotive Pl* lid. 253 Alexandra Rood, Singapore 0315. Tel: *****22. 4^ CTCUftC*M<AC(
      26 words

  • SPORTS
    • 504 13 Golf AP HONOLULU Howard Twitty's birthday present to himself came a day early. But it was a beauty; a gaudy, sparkling beauty of a nine-under-par 63 on Thursday that provided him with a twoshot lead after the first round of the Hawaiian
      AP  -  504 words
    • 299 13 AFP SANTA CRUZ, Portugal Jeff Hall, who gave up competing on the European Tour because it was too expensive, opened the 1993 season with a first round 65 to take the lead in the Madeira Island Open here
      AFP  -  299 words
    • 440 13 NYT SANTA CLARA, California After the Catch, there was the Tackle. Everyone remembers Dwight Clark's six-yard touchdown reception from Joe Montana with 51 seconds left that propelled the San Francisco 49ers to a thrilling 28-27 National Conference championship game victory over the Dallas Cowboys
      NYT  -  440 words
    • SCORE CARD
      • Article, Illustration
        62 13 AFP AFP TOKYO Selected results Japan Open Friday Men's singles quarter-finals (seedings in brackets): Ardv Wiranata (1 Ind) bt Thomas Stuer-Lauridsen (5 Den) 11-15, 15-12, 15-7; Herianto Arbie (9 Ind) bt Hermawan Susanto (5 Ind) 15-10, 15-11; Poul-Erik Hoyer-Larsen (9 Den) bt Jens Olsson (9 Swe) 15-11, 18-14; Joko
        AFP  -  62 words
      • Article, Illustration
        281 13 Bernama Reuter AFP leading HONOLULU Leading scores after Ist round of Hawaiian Open men's tournament on Thursday (US golfers unless noted): 63 Howard Twitty; 65 Bill Glasson; 66 Tom Lehman, Mark O'Meara, Ben Crenshaw; 67 Brett Ogle (Aus), Fred Funk. Mike Smith. Paul Azinger; 68 Kelly Gibson. Corey Pavin,
        Bernama; Reuter; AFP; – leading  -  281 words
      • Article, Illustration
        208 13 AP SYDNEY Results of matches yesterday at the New South Wales Open (seedings in brackets) Men's Singles semi-finals: Pete Sampras (1 USA) bt Amos Mansdorf (Isr) 6-3, 7-5; Thomas Muster (7 Austria) bt Omar Camporese (Ita) 6-4. 6-3. Women's Singles quarter-finals: Gabriela Sabatini (1 Arg) bt Barbara Rittner (Ger)
        AP  -  208 words
    • 65 13 AP SYDNEY, Australia Fourth-seeded Jennifer Capriati (above) demolished fellow American Pam Shriver 6-0, 6-1 in the iNew South Wales Open tennis tournament on Frida>. She wasted no time on the steamy centre court and quickl> wrapped up the match to set up a women's semifinal meeting with
      AP  -  65 words
    • 249 13 NYT MIAMI They thought it would never end: play-off games, championship games, a Super Bowl coming when they barely were in their 20s. And then, suddenly. Dan Marino, Mark Clayton and Mark Duper grew older and the play-off games became
      NYT  -  249 words
    • SIDELINES
      • 92 13 AFP JOHANNESBURG David Fehertv's decision to forego potential Ryder Cup points to take part "in the South African PGA championship looked to have been a good one after the first round here on Thursday. The Northern Irishman, who opted to fly south rather than take
        AFP  -  92 words
      • 69 13 AFP lOKYO Herianto Arbie of Indonesia shocked world champion Zhao Jianhua of China in straight games here yesterday to secure a berth in the men's singles quarterfinals at the Japan Open badminton championships. The 20-year-old Indonesian, who eliminated the same opponent in their first encounter,
        AFP  -  69 words
      • 57 13 AFP BEIJING China yesterday rejected allegations that its powerful women's swimming team used steroids after its Swedish competitors called for an international boycott. "I guarantee that the team doesn't use steroids," said Zhao Shiwei, an official at the State Physical Culture and Sports Commission, which oversees
        AFP  -  57 words
      • 92 13 AFP MELBOURNE World number one Jim Courier has to negotiate a potential semi-final with Boris Becker to reach the final in the defence of his Australian Open tennis title, which gets under way on Monday. In the draw for the year's first Grand Slam
        AFP  -  92 words
      • 119 13 AFP MAGNY-COURS, France French Formula One team Ligier will have an all-British team this season following the signing of Martin Brundle and Mark Blundell on Thursday. Brundle, 33, has been in Formula One since 1984, and has raced in 99 Grand Prix. Last season,
        AFP  -  119 words
      • 73 13 AP RENO, Nevada George Foreman will begin his final year of fighting tonight, just six days shy of the 20th anniversary of his hcayvweight title victory over Joe Frazier. "I won't fight beyond 1993, that's it," said Foreman, who has told his mother
        AP  -  73 words
    • 496 14 Basketball AP BOSTON You don't hear Larry Bird's name mentioned around the Boston Celtics much anymore, as in "How will they ever win without Larry Bird?" After a terrible start, they've answered the question. The Celtics are the NBA's hottest team. "Now when teams come
      AP  -  496 words
  • 1700 13 Abu DhaM GA860 0020 GA928 0305 A4Hafrfrl 2015 Amman RJ187 0135 Amsterdam SQ319 0810 KL838 0040 KL837 1515 SQ342 2300 Auckland NZ21 1700 NZ22 1825 SQ286 2045 B Sari Begawan 8142 1 1105 SQ182 0930 SQ181 1425 BI422 1205 BI429 2030 B1430 2125 Bangkok TG403 1155
    1,700 words
  • Page 13 Advertisements
    • 44 13 Fly Finnair's new Business Class to Europe. I- innairs new wide bodied MD- 1 1 offers speed, comfort and space that's miles ahead of its competitors. all your travel agent or 733 3377 for more details. We know the world from start to Finnish.
      44 words

  • SHIPS IN PORT
    • 482 14 VfsyH toy Wd Berth Arrival Dtpartire Vessel Voy Ho Berth Arrival Ptpytue Jurong Port Saudi Makkah ME052 P07 alongside 1501/1400 Alice Rits PV127 J3 alongside 1612/2300 Shengyuan 92 7 P02 alongside 16 01/1500 5 J2/3 alongside 1612/2300 Soon Soon 1 9301 P088 alongside 1601 0600 Befcsha 3338
      482 words
    • 1537 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Hp Cwbiwiwttfc Stip Voy to Cont»im avalabte BSeroia 7m IM ft7nft l 3S8 COO(EST) *****3 1500 *5® 4 0 93 0700 Jaru Bhum 59N COO(EST) 1501 93 0700 ?iS In!« S™ Strong R,vef 9W COO(EST) 1501.93 1500 Sd5? 069W uS ra
      1,537 words
  • Page 14 Miscellaneous
    • 496 14 CRYPTIC CROSSWORD 5 Rusty driver wanting expertcould find it stifling (6) 9 Register dissatisfaction and about corruption 10 Active in a prison (5) —^l"- "^1 I i Show arranged by attendant with an effort (9) iT ■M "■BBBB~~~~HB 3 All the same the head makes __H| a regular appearance (8)
      496 words

  • REGIONAL FOCUS
    • 1049 15  -  With the passing of the Cold War and with Asia-Pacific economies coming into their own. the US has to learn to play ball with the region according to new rules. Scholars in international affairs at Hawaii's East-West Centre present their views. Reports by
      1,049 words
    • 230 15 HONOLULU A military role for the United States in the security of the Asia-Pacific region is increasingly coming into question, according to Paul Kriesberg. a research fellow at the East-West Centre's programme on international economics and politics here. If there is a clear threat to the
      230 words
  • Page 15 Advertisements
    • 691 15 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 In the matter of RN-MICROTRONICS PTE LTD (In Members' Voluntary Liquidation) and In the matter of the Companies Act, Cap. 50. Noticc is hereby given that the creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before
      691 words
    • 44 15 Saw an ad of a house that you may like to own? Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. OassiFiNE^ ■iir.i ;i ni'i'iin r .m iin'iiv r«i I>l claxi An SPH AudloTtn Scrvlct
      44 words
    • 261 15 B U S 1 N E s s TIMES 1 ENGINEERS ft CONSTRUCTORS i<^/ Business Manager, k (Process Engineer) SINGAPORE OFFICE B Bechtel is a privately held Engineering and Construction company, established in 1898 with its headquarters in San Francisco. The company is a world leader in the Design and
      261 words

  • 722 16 Crew members of USS Kitty Hawk prepare new guided bombs Reuter AP NYT AFP ABOARD USS KITTY HAWK IN THE GULF Crew members readied new guided bombs on this US aircraft carrier in the Gulf yesterday as the United States warned it could
    Reuter; AP; NYT; AFP  -  722 words
  • 566 16 AP Bloomberg Reuter WASHINGTON The US foreign trade deficit shot up to US$7.6 billion (5512.4 billion) in November, as American exporters suffered declines in nearly all categories, the government said yesterday. But in brighter news, the government reported that consumer inflation
    AP; Bloomberg; Reuter  -  566 words
  • 350 16 Reuter LONDON Britain's annual inflation rate fell to 2.6 per cent last month, its lowest for more than six years, official figures issued yesterday showed. The Central Statistical Office said the slide from 3 per cent in November took it close
    Reuter  -  350 words
  • 306 16 Reuter BOMBAY Prime Minister P V Narasimha Rao warned India yesterday that it was in danger of breaking apart if communal hatred that triggered 10 days of Hindu-Mus-lim rioting in Bombay was allowed to fester and spread. "If this country forsakes
    Reuter  -  306 words
  • 142 16 AP TOKYO Spurred by US pressure, Tokyo yesterday raised the maximum fine against industry price-fixing twentyfold to 100 million yen (about Ssl3 million). Strengthening anti-monopo-ly enforcement here has been a major focus of the Bush Administration's structural trade talks aimed at opening Japanese markets
    AP  -  142 words
  • 417 16 Japanese and Thai PMs discuss regional security AFP AP Reuter BANGKOK Japanese Prime Minister Kiiehi Miyazawa told Thailand's leader yesterday that Tokyo wants greater political involvement in South-east Asia but made no mention of any military role, a Thai spokesman said. Mr Miyazawa
    AFP; AP; Reuter  -  417 words
  • 38 16 MONTREAL: Magellanic penguins beinß welcomed to the Inter-Continental Hotel on Thursday. These Very Important Penguins, from Sea World in Florida, were scheduled to tour area schools for a few days to promote conservation.
    38 words
  • 525 16 Reuter MOSCOW Russia oflercd security guarantees to Ukraine, including protection from nuclear attack, yesterday as the two Slav giants of the Commonwealth took steps to end a damaging scries of disputes. President Boris Yeltsin made the pledge at
    Reuter  -  525 words
  • 274 16 Reuter SINGAPORE The 15nation Asia-Pacific Economic Cooperation (Apec) will stress the exchange of information and "networking" this year to form the basis for regional economic policies, its new executive director said yesterday. Executive director William Boddc said the group may also expand to include
    Reuter  -  274 words
  • Page 16 Advertisements

  • Executive Lifestyle
    • 1322 17  -  A cultural clash in China is taking place, featuring a new generation with cash to spend and a discerning eye for style. Mark Graham reports from Beijing, Shanghai and Guangzhou Mark Graham THEY wear designer togs, party ail night at swish discos, call their pals on
      All photos by Mark Graham  -  1,322 words
    • STRAWS IN THE WIND
      • 92 17 THE things journalists have to put up with when covering a story. A veteran of toppingout ceremonies says it's tough getting used to those terrifyingly cranky mechanical makeshift lifts that groan their way to the top of an unfinished building. If he thinks that's bad, he should try
        92 words
      • 59 17 AN EXCITED new father called his best friend over the phone to break the wonderful news: "Guess what! I'm now the proud father of a baby girl, delivered this afternoon at about 12.22pm!" "Congratulations," replied the friend. "Was the baby's mother at the bedside when you delivered?" Bet
        59 words
      • 38 17 DID The New Straits Times make a Freudian slip or was it merely being cheeky? In last Wednesday's issue, the headline for one story went like this: "Pas: Amendments will be passsed next week".
        38 words
    • OPINIONS
      • 1283 18  -  Betty L Khoo shares an important prerequisite for entrepreneurship Betty L Khoo The writer, an executive editor/director of a local publishing company, volunteered this piece for the Opinions page. We welcome contributions from entrepreneurs, especially those still struggling to establish their businesses. Tell us about
        1,283 words
      • 976 18  -  There is a risk that the world is getting the wrong picture about the communal crisis in India, says Harish Mehta Harish Mehta The writer is an Indian national who works in BT as a correspondent MANY Western newspaper correspondents and analysts are
        976 words
      • 685 18  -  Terence Lim is of the opinion that beauty is the ultimate disequaliser Terence Lim The writer is a temporary journalist with BT IAM sure you've seen the cosmetics commercial, the one with the two lithe and gorgeous ladies prancing to the beat of "Shake your body,
        685 words
      • 395 18  -  Stephanie Lam Public Relations Officer Neptune Orient Lines I REFER to your article. "Close-to-expiry warrants of sound companies worth a second look" (BT. Jan 11). We appreciate that the overall conclusion of your article is that it is worthwhile
        395 words
      • 95 18  -  LETTERS TO THE EDITOR Rick Clements Manager, Public Affairs Singapore Airlines I REFER to the story in yesterday's BT headlined "SIA eyes stake in Australia's Ansett". The story said that I had "confirmed that SIA has had direct contact with Ansett about taking
        95 words
      • 200 18  -  Chan Kim Lim SENIOR Minister Lee Kuan Yew's speech at the Businessman of the Year Award carried in your paper last Saturday covered a very wide area. After having been involved in the private sector for a good many years, 1 believe that family background
        200 words
    • PROFILE
      • 4026 19  -  Fiammetta Rocco of The Independent on Sunday meets Prince Philip, Duke of Edinburgh, and reviews his life and troubled times Fiammetta Rocco ITS HIS HANDS that you notice first, and not the size of them. The fingers, so painfully swollen. The skin so dry and chapped it
        4,026 words
    • 690 22  -  Cinema Review By SHAHIRON SAHARI IN HIS fifth and latest vehicle, Steven Seagal has traded his ponytail for an apron, still runs like a pansy, and talks like Muhammad AJi after The Greatest has become punch drunk, that is. And he still can't act, bar a pained
      690 words
    • 789 22  -  Neville Stack finds out at the Tate how enterprising artists of the past served as image-makers fc> r t^e r P atrons Neville Stack IN THE DAYS before public relations officers were invented, one's image was left to the capable brush of the portrait painter. And if
      789 words
    • Article, Illustration
      714 22  -  By JAIME EE THE Gospel according to Whoopi, 11:2 "Thou shall not kill, but if thou seest somebody kill, then thou shall get the heck out of the way unless thou wants to eat thine bullet." When you live in Las Vegas, that's the philosophy you live by,
      714 words
    • 1172 22  -  Buy a pack of Unicef greeting cards this Chinese New Year and help save those who can't save themselves. Susan Tsang makes a sales pitch for a good cause Susan Tsang HARDLY
      1,172 words
    • HEALTH & FITNESS
      • 966 23  -  Susan Tsang discovers that there's little to eat at health food stores apart from snacks and the usual vitamin and mineral supplements Susan Tsang CARL LEWIS managed to win his Olympic golds without eating any meat, eggs and so forth. Saxophonist Kenny
        966 words
      • 749 23  -  What ailments affect frequent travellers, and how are they prevented? Audrey Tan gets some helpful hints from Prof Robert Steffen Audrey Tan SEASONED business travellers who believe that five-star hotels and a supply of air-sickness pills are sufficient to keep them safe during
        749 words
    • PEOPLE
      • 481 24  -  Singapore Business Awards By Shoeb Kagda IT WAS A glitzy affair to honour 1992's top businessmen and businesswomen. The creme de la creme of the business community gathered at the Shangri-La Hotel on Jan 8 to raise a toast, exchange stories and share a joke. The
        Pictures by Christopher Loh and Arthur Lee  -  481 words
    • TIME OFF
      • 699 25  -  Shahiron Sahari samples the night life at Bugis Village Shahiron Sahari AND SO this is Bugis Street. Or rather, Bugis Village, to use the new name of this once infamous road. Having grown up hearing without ever seeing so much about the happenings of the vaunted street,
        699 words
      • 830 25 AND NOW, for something completely different The Boom Boom Room at Bugis Village presents, every night except Monday, a screamer of a variety show featuring dancing and miming and singing. Oh yes, and a stand-up comic named Kumar. Kumar Chinnadurai, 24. is "Kumar", who
        830 words
      • 96 25 The Ramayana The classic Indian epic poem in the form of a dance drama has 100 dancers performing delightful dances from Thailand, Sri Lanka and India. Entry is by invitation with free cards available from Kala Mandhir. Excelsior Shopping Centre #02-16, Coleman Street. Call 336-7987 for details. Victoria Theatre.
        96 words
      • 141 25 Pavarotti in Concert The biggest and most expensive event this month. The world's most famous tenor will give a two-and-a-half hour concert which includes great arias and Neopolitan songs. An international team of recording engineers has devised a unique acoustic enhancement system especially for the Indoor Stadium to ensure
        141 words
      • Article, Illustration
        125 25 The First Emperor of China The life and times of Qin Shihuang is a tale of glory and terror. A lesson in history, a cultural journey through China and her people, this panoramic Omnimax film uses the most advanced projector ever built, with 20,00 watts of high fidelity, six-chan-nel
        125 words
      • 666 25 Erich Salomon In 1932. only three years after this master photographer began his career, he reached his zenith. A master of timing, he became a photographic historian. documenting one of the pivotal eras of modern history. His candid photos of public men exposed the private person within.
        666 words
      • 97 25 Singapore River Hong Bao Special This annual event features eight gailydecorated boats floating on the water, a Chinese cultural village with food, dances, and songs of Yunnan. There's a spectacular fireworks and laser light show tonight for the opening. Marina Promenade, the Esplanade to Marina Boulevard. It was
        97 words
      • 58 25 Horse Racing Racing in classes 1 and 2 are on at the Bukit Turf Club this weekend and next. The Derby is open for buffet lunch before the races. The Lion CityCup will be run on Jan 25. Bukit Turf Club. Bukit Timah Road from I to 5 pm
        58 words
      • 108 25 Waking Up The World Bryan Adams, whose Straight from the lleart was a top ten single, is one of the hottest performers on the concert circuit. He performs at the Singapore Indoor Stadium on Feb 6. but tickets are now on sale at Sistic outlets at
        108 words
      • 108 25 HANOI Puppet Theatre. Vietnam's 900 year old puppet theatre comes alive in performances of the Div ine clown. Teu. who emerges from a pond to teach the answers to today's problems. Featuring water buffalo fights and mythical animals dancing, it's definitely an eye-opener. Ask your hotel's reception
        108 words
    • EPICURE
      • 550 26  -  Bon Appetit By JAIME EE IT IS said that one in two Americans is overweight. If you can't figure out how they got to that state, just go to Dan Ryan's Chicago Grill. The menu warns that it serves American portions, but we didn't
        550 words
      • 387 26  -  By AUDREY TAN THINK Italian and you imagine a surfeit of cheese and pasta. But then again, that's a commonly-held misconception, and one that Ristorante Bologna's new chef Pino definitely hopes to correct. With his Cucina Naturale, Pino promises food that will not give rise
        387 words
      • 561 26  -  Wine By N K YONG CHAMPAGNE first, as always. It was difficult to choose between Veuve-Clicquot Brut 1961, en magnum, astonishingly young and vibrant at a venerable (for champagne) 31 years; Krug 1982, glorious in its richness and balance; Taittinger's Comte de Champagne Blanc de Blancs
        561 words
    • Article, Illustration
      1086 28 A Few Good Men. Egged on by an earnest Demi Moore, unambitious 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 fiendishness to the commander. Orchard: 11; 3; 6.30; 9.30. Yishun 10:
      1,086 words
  • Page 17 Advertisements
    • 242 17 AS* I The way of turning shares into I I t*t (A*> I HmCIM I^CMOmMMOKLJHrTVD WQAWK RNAMCf LMttoH *****33 G£ographique. Around the world in 24 hours. THE WORLD HAS NEVER SEEN A WATCH QUITE LIKE THE MECHANICAL GtOCRAPHIQUE BEFORE: FASHIONED IN K DBf[/3rJPy*^AUTOMATICALLY StTT,NC STANDARDS ,N simplicity Turn the leftshows
      242 words

  • Page 18 Advertisements
    • 25 18 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. letters should include your contact numbers.
      25 words
  • Page 18 Miscellaneous
    • 127 18 DOONESBURY garry trudeau (AMOf€ THE MANY QUESTIONS THAT [AND WHY PIP MR. BUSH WAIT YEARS f WHETHER OR NOT THESE LON6 TO PRODUCE NOTES HE CLAJMEP ARB EVER FULVYANSWERED, ONE U/ MAT ABOUT AFTER HtS TKMXE6 ARE THESE-PIP THE HE NEVER HAP? WHY DO ENTIRE THIN 6 HAS NOW BECOME
      127 words


  • PERSONAL FINANCE & INVESTMENT
    • BULLS' EYE
      • 607 20 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, UOB Securities and W I Carr. Buy!
        607 words
      • 192 20  -  Christopher Cheong Christopher Cheong, 37 Research manager, COB Securities Heads L OBS' research department in Singapore as well as oversees its Kuala Lumpur research unit. The focus is on Singapore and Malaysian stocks hut i'OB Securities also produces reports on regional markets including Hongkong, I hai land
        192 words
    • 478 20 SINGAPORE'S stock market is primed to hit the 1,750 mark, says W I Carr director of research Patrick Russell. To put his bullish outlook in perspective, the Straits Times Industrials Index has never broken through the 1,609 mark. The index closed yesterday at
      478 words
    • 1394 20  -  STOCK By Hden Chang The electronics sector generally looking good At 8 x PE, the stock is attractively priced Mixed long-term prospects, with low margins a main concern Very narrow customer base Management stepping up automation, widening client base Closing date of offer Jan 19;
      1,394 words
    • 837 20 Launch 1 mlh 3 mths 6 mths 1 yr 2 >rs 3 yrs Ranking as at 8 Jan 93 S S Singapore Straits limes 7.50 16.74 5.07 5.36 34.X4 5.07 Credit Lyonnais Singapore (ir 28.07.69 4.84 6 23.81 1 18 18 1 mm 1 42.21 2
      837 words
    • 1584 21  -  Fund managers are shifting their focus back to South-east Asian stock markets, reports Quak Hiang Whai Quak Hiang Whai THIS will be the year for stocks. And the Singapore investor will not have to look far for the best returns on his
      1,584 words
    • 1034 21  -  Paul Leo answers investors' questions on speculating in foreign exchange Paul Leo Fly-by-night foreign exchange trading companies are doing brisk business in Singapore, according to recent news reports. As long as these firms remain beyond the reach of local regulators, it might be more prudent
      1,034 words
    • 245 21  -  Spotlight currency By Paul Leo THE Australian dollar reached a five-year low at U550.6672 on Jan 6 and there is still room for a new low. On the weekly charts, the Aussie dollar is trading within a down-sloping channel and any move upwards from here
      Source: Bloomberg  -  245 words

  • Page 21 Advertisements
    • 205 21 FIRST 400 TO WALK AWAY WITH MUSIC IN THEIR EAR 3TO WIN VIDEO-PHONE Subscribe now! The first 400 subscribers will each receive a HHH x Sony Walkman Model WM-FXI2 with a complimentary ■nPI Name J I enclose: Cheque No.: Management Leadership cassette tape from Success (orr 5 v r WtfKgff
      205 words




  • Page 25 Miscellaneous
    • 91 25 Christmas Crossword SyNyTMTUMMAy I ■CMRllilAfc I [r] I [sIhMhI I |pWRIOITIEMHjA|S|HMD|E|E|P|SIEITI [jEMBE NfujMfmß[Aj L M p lßj o [oj p MQ[VIEIR] L [O] O iKMBAj L [Tj O LMT[E]N|E[W|S|F|L|A|S|HBRMP[E|NMM|U|T|A|B|L|E"[ TPEHoHLMuPuBuBASsHuPTfIoffIRBE AND SO the time has come for us to congratulate the winners of our Christmas Jumbo C rossword. The first
      91 words

  • Page 26 Advertisements
    • 269 26 Club Barbecue Buffet iSg Beit as much as you can JilllTHil every Friday Saturday B^S at the Poolside Tee-Off Cafe MUUmU j\PJ between 6.30pm to lo.oopm |nLyf| f Child 8.00 (child below 12 yrs J I \L For reservations, please call Tee-Off Cafe J|mL H(L at 322 4221/ 3 (Direct)
      269 words

  • Page 27 Advertisements
    • 676 27 Nothing Beals A Bud. |l«INCOr f~ HIGH TEA AT CAFE CAROUSEL J Adult $10.80++ Child $BAo++ I You'll find the most delicious variety of I dim sum. pastries, nonya kueh and cakes, I at our high tea buffet. Only on Saturdays and Sundays from j 3pm to 5.30pm. f i
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    • 267 27 WHERE TO WINE, DINE AND ENTERTAIN Wk CHINESE NEW TEAR BUFFET 16 Jan 7 Feb Welcome the Year ot the Rtn»>ter with a sumptuous traditional Cantonese delicacies at Cafe Plaza. Our Chinese New Year Buffet spread features perennial favourites like Shark's bin Omelette, Suckling Pij», Braised Fish Bladder in Crahmeat
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    • 314 27 Fancy Beijing? Then, we're delighted to suggest memorable dining experience. Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. OSBT^C To add to your enjoyment, DIHO all these are well within your reach. RESTAURANT S/ant/aftn S (ifirwtwprf S5:Wi
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  • Page 28 Miscellaneous
    • 2481 28 TODAY'S TV RTTnyj I M MIH H-20 Saturday Soccer ■■I^ll.oo Kids TV. ian Soccer 11.30 Profits of Nature. AM Close. 11.55 Hadis Nabi. Wonders In China, 9am, SBC 8 12.00 NN News (M). 4.00pm, The Xue Tan festival in Tibet cpfg 12.30 PM TV Pendidikan <M). Jamal are a grand
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