The Business Times, 6 March 1993
1993-03-06
1
28
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section14 1993-03-06 1 BUSINES TIMES MITA (P) 552/12/92 Weekend Edition, March 6-7 1993 WE KNOW ASIA 75«14 words
-
642 1993-03-06 1 Lilian Ang - By Lilian Ang SINGAPORE Individuals will now be able to bid for small plots of state land in a move by the government to bring more varied designs to housing estates. The government wiH also increase the number of642 words
-
187 1993-03-06 1 Reuter CANBERRA A new international airline, Australia Air, announced yesterday that it will begin a service between Australia and China within six months. Colin Hendrick, chairman of Australia Air International Pty Ltd, which groups private Australian investors such as solicitorsReuter - 187 words
-
Article167 1993-03-06 1 AFP WASHINGTON The United States unemployment rate fell to 7 per cent in February as the recovering economy produced a surge of 365,000 new jobs, the Labour Department said yesterday. This marked the biggest one-month job increase since January 1989, the report said, andAFP - 167 words
-
516 1993-03-06 1 Catherine Ong - From Catherine Ong in HONGKONG THE HONGKONG stock market hit another record level yesterday despite Governor Chris Patten's failure to indicate when Sino-British talks on political reforms would commence. Taking comfort from Mr Patten's statement that "there remain only a few516 words
-
Article, Illustration225 1993-03-06 1 SINGAPORE Kanwaljit Soin, this year's Woman of the Year, wants the sponsor of the award to re-dedicate the prize to the women of Singapore. At a press conference yesterday, Dr Soin, orthopaedic surgeon, nominated Member of Parliament and president ofPicture by Chris Loh - 225 words
-
454 1993-03-06 1 Reuter AFP FRANKFURT The Bundesbank, in an apparent response to clamouring from its Group of Seven (G-7) partners for a relaxation of its tight monetary policy, yesterday announced a surprise cut in a key money market interest rate that sentReuter; AFP - 454 words
-
2am LATEST
-
74 1993-03-06 1 Reuter SKOPJE, Macedonia Sev-enty-five people were feared killed yesterday when a Fokker passenger plane plunged 400 metres to the ground shortly after it took ofT from the Macedonian capital, Macedonian radio said. Controllers at Skopje's Petrovac airport said the Fokker 100 "fell outReuter - 74 words
-
64 1993-03-06 1 Reuter SOFIA Bulgaria and Romania will build a USS2 billion (553.2 billion) dam and hydroelectric power complex on the Danube, Bulgarian officials said here yesterday. Deputy Transport Minister Kiril Ermcnkov said that transport ministers from the two countries will meet in Bucharest tomorrow to finaliseReuter - 64 words
-
66 1993-03-06 1 Reuter STOCKHOLM Swedish arms maker Bofors AB, a unit of soon-to-be-privatised Celsius Industries could receive formal approval for a plan for joint Swedish-French development of a new tank-seeking shell when France's Defence Minister Pierre Joxe visits Sweden this weekend. A Bofors spokesman confirmed that Bofors hasReuter - 66 words
-
-
Article, Illustration115 1993-03-06 1 Stock market indices Friday Chant* Sill 1.657.37 -1.25 KLSE Composite 638 34 +1.67 Nikkei 16,817.70 58.09 Hang Seng 6.502.81 +35.01 SET Index 898.74 -4.73 Jakarta Composite ...307.19 +2.42 CLSA China B 1.507.34 -51.62 Aust All Ord 1.613.6 -9.3 FTSE 100 2,922.1 +17.3 r*. t j n t rnoay115 words
-
Page 1 Advertisements
-
Advertisement15 1993-03-06 1 Hock Lock Siew Are Singapore's interest rates bottoming out? Pg 5 Industry's response. Page 215 words
-
Advertisement166 1993-03-06 1 stockwatch RECEIVEI A bright spark callv&lblamkilWfeW Of lasting value inFl collection of antique watches at watchmakers of Geneva is preserved in the creation of a unicessitates 162 skilful operations Doubtless there are easier ways to make a watch but Rolex Bonbonnfere-shaped watch of the French Mli/ Empire period (1810-1820). W166 words
-
Advertisement16 1993-03-06 1 trusts mjnbuck stops at the fund manager ELS German unemployment rises towards record high, Pg 1616 words
-
Advertisement8 1993-03-06 1 Travel tales Hotels: Best bargains in Bali EL6&78 words
-
Advertisement51 1993-03-06 1 Vr CONTENTS Dm CN*MIM Spore New 2 S'porH* s>a 5.6 Regional New 3 Fnancial 7 World News 4 FMtam Markets PI ELO Oob/KISL SES 11 Renew EL6.7 Regional 9 Sports 13.14 World 16 TV/lrtestyte ELI2 Currencies 7 Regitrd Focus 15 Smex'Commo Tel 1800-*****77 Fax *****75 BT Editorial Tel *****18 Fax51 words
-
SINGAPORE NEWS
-
286 1993-03-06 2 Genevieve Cua - Feedback to Green Plan working group's proposals welcome By Genevieve Cua A WORKING group formed to discuss the Environment Ministry's Green Plan has pinpointed 18 nature areas for conservation from wooded spots at Bukit Batok to mangrove swamps in Pasir Ris Park. The areas286 words
-
395 1993-03-06 2 Joseph Rajendran - By Joseph Rajendran US COMPUTER giants IBM and Compaq would drive PC prices down by a further 20 per cent this year, Taiwan computer king Stan Shih said yesterday. "The move will force PC makers to reduce manufacturing overheads and395 words
-
309 1993-03-06 2 Walton Morais - By Walton Morais RUSSIAN Vice-President Alexandr Rutskoi arrives in Singapore tomorrow for a two-day working visit during which he is expected to make a pitch for Singapore investments in de-fence-related industries being converted for commercial use. Mr Rutskoi, who will be here at the invitation of309 words
-
Article, Illustration383 1993-03-06 2 Kooi ChoTeng - If golf is out, how about skiing on the grass? By Kooi ChoTeng NTUC's Orchid Country Club at Vishun plans to introduce grass skiing, a sport which has been a big hit in Taiwan, Japan and South Korea. The club hopes to use part of a steeply sloping 15-ha plotPicture by Arthur Lee - 383 words
-
Article, Illustration228 1993-03-06 2 THE local managing director of IBM, Philip Ng, has been appointed to a new job in which he will be responsible for elements of the company's business operations in south and South-east Asia. Mr Ng takes up the job which the company228 words
-
308 1993-03-06 2 AN Indian trader residing here was fined a total of $25,000 after he pleaded guilty to three charges of cheating and forging documents. Vinod Kumar Didwania, 38, of Chemet Handel Trading (S) Pte Ltd, was also ordered to pay $48,577.28 in prosecution costs to308 words
-
137 1993-03-06 2 SINGAPORE Telccom will tie up with Japanese optical fibre maker Fujikura to cut the cost of installing optical fibre cables island-wide. Under a memorandum of understanding signed recently, the two parties will identify and develop projects that will be tested on137 words
-
427 1993-03-06 2 Kooi Cho Teng; Colin Tan - New guidelines for residential development By Kooi Cho Teng and Colin Tan PROPERTY professionals have welcomed the government's move to widen housing development options. At the annual dinner of the Singapore Institute of Architects last night, National Development Minister Richard Hu announced:427 words
-
-
Page 2 Advertisements
-
Advertisement43 1993-03-06 2 Support for Yeltsin, Pg 4 /uJtdr coffee house Best Nonya Buffet Lunch Sedap Temasek Buffet Dinner Place Very Nice. Dine At The Newly Renovated Luna Coffee House. See You There! iW} APOLLO HOT6L J??/ SMGAPOR6 /S/ 405 HA/ELOCK RQAQ SINGAPORE 0314. TEL: *****6143 words
-
Advertisement41 1993-03-06 2 The Attention seeker 1 jr;*'" aims for the right media and the right company. Classified the people finder. THE STUAfTS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAFER 11ANHE ZAOOAO UANHE WAN RAO SHINMIN QAIY NEWS BERfTA MARIAN BERfTA MJNGGU41 words
-
-
THE REGION
-
Article, Illustration400 1993-03-06 3 The Indonesian presidential election JAKARTA As the presidential election on March 11 ncars, the government-backed Golkar political grouping was busy on Thursday rebutting reports of internal conflict over the next vice-president. The Jakarta Post reported yesterday that members of the country's400 words
-
309 1993-03-06 3 UPI JAKARTA Indonesia's two non-government parties on Thursday accused the government of President Suharto of using intimidation and other irregularities during 1992 general elections and called for reforms. The Muslim-based United Development Party, or PPP, and the Indonesian Democratic Party, or PDI, saidUPI - 309 words
-
425 1993-03-06 3 Reuter SEOUL South Korea's new finance minister, embracing President Kim Young Sam's anti-corruption drive, yesterday pledged to end the widespread practice of trading under false names, triggering alarm bells in the business community. "We will study the situation carefully and comeReuter - 425 words
-
253 1993-03-06 3 UPI BANGKOK An official of the party headed by Prime Minister Chuan Leek pai has admitted he and "many other" legislators received collateralfree loans from a scandalplagued finance company, news reports said yesterday. However, Arkom EngChuan, spokesman for Mr Chuan's DemocratUPI - 253 words
-
745 1993-03-06 3 NYT WEIHAI, China As Hongkong puzzles over its prospects after it reverts to Chinese rule in 1997, there is no better reminder of the risks that lie ahead than the drab streets of this town on the eastern Chinese coast. Weihai, a sleepy backwater,NYT - 745 words
-
506 1993-03-06 3 Reuter SEOUL South Korea's industrial production fell 6.4 per cent in the year to January, the largest yearly decline since 1980. fuelling fears that the sagging economy is sliding into recession. The fall in industrial output. a decline of 0.5 per centReuter - 506 words
-
463 1993-03-06 3 Reuter TAIPEI A plunge in Taiwan's balance of payments last year, to the first deficit in 12 years, shows an era of big surpluses is ending as the island's economy matures, bankers and economists said yesterday. Money pouredReuter - 463 words
-
ASIA NOTES
-
83 1993-03-06 3 AFP TOKYO North Korea yesterday stepped up its warning that the United States and South Korea might attack the communist country under the pretext of forcing special inspections of its nuclear facilities. "If the US and the South Korean authority dare start a warAFP - 83 words
-
60 1993-03-06 3 AFP TAIPEI France plans to sell 10 submarines and other weapons to Taiwan, a move which could further provoke Beijing, a long-time rival of the island, the local press reported yesterday. The China Times said France might sell its Agosta class submarines, currentlyAFP - 60 words
-
69 1993-03-06 3 AFP TAIPEI Assistant United States Trade Representative Douglas Newkirk yesterday asked Taiwan to continue to cut tariffs and remove other trade barriers in order to join the General Agreement on Tariffs and Trade (Gatt), officials said. At the same time, a 15-member delegationAFP - 69 words
-
86 1993-03-06 3 AFP SEOUL South Korea's new President Kim Young Sam will announce today what is billed as the biggest amnesty in the country's history, afTecting about 36.000 people, in commemoration of his taking office, press reports said yesterday. The reports said that dissident Reverend MoonAFP - 86 words
-
Article, Illustration55 1993-03-06 3 Reuter SEOUL President Kim Young Sam (left). South Korea's first civilian president in three decades, putting a medal around a cadet's neck yesterday during his visit to the 49th commencement exercise at a military academy near here. He urged the cadets to become officers who will beReuter - 55 words
-
Article73 1993-03-06 3 AFP MANILA President Fidel Ramos yesterday created a special committee to organise the first conference on joint marine research in the Spratlys as part of efforts to prevent conflict in the disputed islands. Official sources said the conference is likely to be held in May.AFP - 73 words
-
67 1993-03-06 3 AFP BOMBAY The Indian government has hammered out a policy aimed at boosting investment in the farm sector and putting it on a par with industry. The country's first national agricultural policy, a copy of which was obtained here yesterday, says the objective is toAFP - 67 words
-
71 1993-03-06 3 Reuter BONN German firms are selling Indonesia plastics for recycling at prices so low that they threaten the livelihood of 200,000 Indonesian waste-collectors, the environmental group Greenpeace said yesterday. Poor Indonesians, who eke out a minimal existence by collecting plastics and other waste from city dumps,Reuter - 71 words
-
-
-
Page 3 Advertisements
-
Advertisement44 1993-03-06 3 The Aspiring seeks for opportunities in the right media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES THE STMJTS TIMES THE SUNDAY TIMfS BUSINESS TIMES THE NEW PAPfK lIANK* ZAOftAO UANHE WAN RAO SHINMIN DAK.Y NEWS BERT A HUMAN BEWTA MINGCU44 words
-
-
THE WORLD
-
WORLD WATCH
-
87 1993-03-06 4 AP KUWAIT Kuwait and Iraqi border police exchanged intermittent gunfire near the border post at Abdali. a Kuwaiti newspaper said yesterday. There were no reported injuries. The daily Al-Anba said firing started from the Iraqi side on Wednesday evening, when what appeared to beAP - 87 words
-
Article80 1993-03-06 4 Reuter IRBIL, Iraq Kurds in northern Iraq are in dire straits and the United Nations is sending in a team to assess the needs of the 3.5 million mainly Kurdish people. Amid rumblings of a change in government for the north, the UN mission isReuter - 80 words
-
70 1993-03-06 4 Reuter UNITED NATIONS International mediators were hopeful late on Thursday that Bosnia's Muslim government might shortly sign key parts of a peace plan to end the war in the devastated republic. Negotiator Lord Owen said there was a possibility Muslims might agree on aReuter - 70 words
-
Article123 1993-03-06 4 Reuter COSTA MESA, California Former Yugoslav prime minister Milan Panic, an immigrant who founded a major American pharmaceutical company, is returning to California to head the company after being forced out as prime minister of war-torn Yugoslavia. ICN Pharmaceuticals said on Thursday that Mr PanicReuter - 123 words
-
Article105 1993-03-06 4 Reuter BRASILIA Brazilian President Itamar Franco lost another member of his economic team on Thursday when the head of the privatisation agency resigned. In his resignation letter, Antonio Barros de Castro, president of the National Bank for Social and Economic Development (BNDES), cited interference and "personalReuter - 105 words
-
Article, Illustration96 1993-03-06 4 Reuter MONS, Belgium Official Nato historian Gregory Pedlow standing next to a section of the Berlin Wall and a small commemorative plaque at Nato's military headquarters. The memorial and the two symbolic oak trees are all that remains of Live Oak, an organisation that spent moreReuter - 96 words
-
-
Article, Illustration393 1993-03-06 4 Reuter UPI WASHINGTON President Bill Clinton signed a US$5.B billion (559.5 billion) Bill extending jobless benefits to long-term unemployed workers. "Some of the indicators are that we are coming out of a long and deep recession, but as all of you know, thisReuter; UPI - 393 words
-
476 1993-03-06 4 John Helmer - From John Helmer in MOSCOW WESTERN political leaders are rallying to support Russian President Boris Yeltsin after renewed warnings from intelligence chiefs that he is on the verge of losing power. West German Chancellor Helmut Kohl met Mr Yeltsin briefly in Moscow476 words
-
551 1993-03-06 4 AFP PARIS A seminar concluded on Thursday that current depressed economic conditions, with surging unemployment in Europe, do not represent a "world crisis", but industrial countries must take quick, coordinated steps to keep things from becoming a social crisis before growthAFP - 551 words
-
469 1993-03-06 4 Reuter GENEVA Key negotiators on Thursday agreed a new world trade treaty was needed and that they should "keep the ball rolling" towards completion of the troubled Uruguay Round, trade diplomats said. But individual envoys to the General Agreement on Tariffs andReuter - 469 words
-
488 1993-03-06 4 Reuter LONDON British Prime Minister John Major has been forced onto the defensive after the Labour Party said his criticisms of the 1980s industrial policies of Margaret Thatcher's government were an attack on his predecessor. John Smith, leader of the oppositionReuter - 488 words
-
Article, Illustration436 1993-03-06 4 AFP WASHINGTON Two suspects, one allegedly linked to a Muslim fundamentalist cleric, were arrested on Thursday in connection with the World Trade Centre bombing. "This investigation clearly is not finished, but a large first step has been taken," the head of the FBl's New YorkAFP - 436 words
-
335 1993-03-06 4 Reuter ROME The Italian Cabinet began considering controversial measures to offer corruption suspects a limited amnesty in a marathon sitting on Thursday night. Discussion of the so-called "political solution" to the corruption scandal which has devastated the ruling order over the past yearReuter - 335 words
-
-
COMPANIES & MARKETS
-
Article, Illustration641 1993-03-06 5 Dexter Lee - By Dexter Lee SINGAPORE Sembawang Shipyard Ltd yesterday reported a set of sparkling results, with group net earnings reaching a record high of $94.19 million for the vear ended Dec 31, 1992. The company's net earnings rose by 30.4 per641 words
-
279 1993-03-06 5 Rahita Elias - By Rahita Elias SINGAPORE Listed specialist shipbuilder Singapore Shipbuilding Engineering last year experienced a 4 per cent fall in net earnings to $14.9 million. Its turnover, however, plunged by 57 per cent to $102.7 million. The fall in SSE's turnover279 words
-
312 1993-03-06 5 SINGAPORE Jurong Shipyard has clinched a $6 million contract to repair a tanker involved in a collision off the northern tip of Sumatra in January. An industry source said yesterday that work on the Sanko Honour, which has been in the yard since312 words
-
789 1993-03-06 5 Alvin Tay - HOCK LOCK SIEW By Alvin Tay SINGAPORE Almost every analyst and banker in town thought that local interest rates had bottomed out and were due for a slight recovery this year. But Singapore's biggest and most profitable bank, DBS Bank, thought otherwise and surprised789 words
-
348 1993-03-06 5 Moiz Tyebally - Better performance due to higher car sales and prices By Moiz Tyebally SINGAPORE Hong Leong Finance and its subsidiary Singapore Finance have reported double-digit profit growth last year. At Hong Leong. after-tax profit was up 17.4 per cent to 536.5 million while348 words
-
101 1993-03-06 5 SINGAPORE Focal Finance Ltd. a member of the OCBC group, has announced net earnings of $7.61 million for 1992, nearly double the $4 million it made the previous year. The group reported earnings per share of 20.5 cents, against 10.8 cents previously. Gross operating income101 words
-
Article382 1993-03-06 5 Payment Ex Books Pay (S) date close dale Avimo 2t)* F 12.5TE Feb 17 Mar 1 Apr 15 BAT 21* F 119 Mar 23 Mar 29 Apr 6 Bcrjava Group I 4 Mar 18 Apr 2 Apr 15 Bcrja\a Ind I 3 Mar 4 Mar 18 Apr 8382 words
-
Article, Illustration341 1993-03-06 5 Source: Bridge Info Performance of STII's index stocks Mar s last Sense Index Stork sale hfe factor movers <$) As lmo 1900 -0 010 I .$9 11.11 &< 7 250 -0050 605 55<6 ("crchos 4 <>80 -0 020 4 16 22.22 FAN ***** -0 100 10 18 III.II GFSource: Bridge Info - 341 words
-
COMPANIES
-
COMPANY BRIEFS
-
Article67 1993-03-06 6 Reuter LONDON Rothmans International pic yesterday said it has reached an agreement with Nevo Tobacco Ltd. a privately-owned Russian tobacco company located in St Petersburg, to manufacture cigarettes. Under the deal, Rothmans will invest £55 million (SSI 31 million) in a joint venture called RothmansReuter - 67 words
-
70 1993-03-06 6 SINGAPORE Singapore Press Holdings Ltd has increased its issued and paid-up capital to 5270.57 million following a one-for-10 bonus issue. The company said in a statement that it issued 24.34 million new shares and 245.876 new management shares of $1 each. The bonus issue70 words
-
Article64 1993-03-06 6 Bernama KUALA LUMPUR Ganda Holdings Bhd has announced a 13 per cent increase in its group pre-tax profit to M 55.87 million (553.7 million) for the year ended Sep 30. 1992, from M 52.46 million previously. Group turnover expanded to MS 128.24 million fromBernama - 64 words
-
84 1993-03-06 6 Bernama KUALA LUMPUR Malayan Banking Bhd may offer the interest-free banking scheme at its overseas branches, its managing director Ahmad Mohamad Don said. Maybank, Malaysia's largest bank, has 22 branches in Singapore, two in Brunei and one each in Hongkong, New York and London. "ABernama - 84 words
-
85 1993-03-06 6 Bloomberg Business News ZURICH Credit Suisse said group net profit rose 1.1 per cent in 1992 as an increase in bad debt provisions offset the benefits of a lower tax payment. The Swiss bank, part of the C S Holding group, said net profit roseBloomberg Business News - 85 words
-
95 1993-03-06 6 Reuter SYDNEY Sales of supermarket chain Woolworths Ltd, Australia's second largest retailer, have picked up significantly since Dcccmbcr and it expects annual sales of more than AS 10 billion (SSI 1.7 billion), chairman Paul Simons said. Mr Simons told reporters that Woolworths' sales so farReuter - 95 words
-
-
415 1993-03-06 6 Reuter WELLINGTON New Zealand investors continued to give a lukewarm response to a request from former favourite Brierley Investments Ltd (BIL) for money to go back on the takeover trail. BIL surprised the market on Thursday with a NZS27O million (*****Reuter - 415 words
-
Article, Illustration513 1993-03-06 6 Lee Han Shih - Move may give Hong Leong Credit a banking presence in M'sia, S'pore By Lee Han Shih SINGAPORE Malaysian tycoon Quek Leng Chan has launched his long-awaited bid to take over the smallish Ban Hin Lee Bank (BHL), a513 words
-
263 1993-03-06 6 Bernama KUALA LUMPUR Golden Frontier Bhd yesterday proposed rights and bonus issues and an increase in its authorised share capital, the proceeds from which will be used to finance the company's expansion. Utama Wardely Bhd. on behalf of Golden Frontier, said in a statementBernama - 263 words
-
Article, Illustration49 1993-03-06 6 Reuter DUISBURG, Germany Workers of krupp Steel warming their hands during a blockade of the main gate of the steel plant in Duisburg-Rheinhausen on Thursday They are demonstrating against threatened job cuts and plant closures in the wake of a crisis in the European steel industry. ReuterReuter - 49 words
-
299 1993-03-06 6 Genevieve Cua - By Genevieve Cua SINGAPORE Recession in the United States. Europe and Japan knocked the wind out of diversified group Sime Singapore, whose net earnings fell 20 per cent to Si 1.3 million in the six months ending last December. compared to a299 words
-
291 1993-03-06 6 SINGAPORE Tuan Sing Holdings Ltd has managed to slash its group bottomline loss last year despite providing for extraordinary losses of $4.8 million last year. It said in a statement yesterday that the extraordinary items arose from settling three long-standing legal291 words
-
302 1993-03-06 6 SINGAPORE Chemical Industries (Far East) Ltd will relocate its plant from Jalan Buroh. Jurong. But it has not said where the new facility will be or how much it will cost. In a statement yesterday on the private placement of 2.4 million302 words
-
576 1993-03-06 6 AFP SYDNEY Australia's corporate watchdog, the Australian Securities Commission (ASC), said yesterday it had begun investigations into the financial crisis of the fledgling domestic carrier Compass Airlines. The six-month-old airline went into receivership on Thursday, having failed to secure a A 59.2 millionAFP - 576 words
-
247 1993-03-06 6 Reuter SYDNEY Aluminium producer Alcan Australia Ltd said it is determined to return to profitability after recording three successive years of losses, but will not wait for rises in aluminium prices to chalk up a profit. "After three successive years ot loss, ourReuter - 247 words
-
294 1993-03-06 6 Reuter LONDON Standard Chartered pic's powerful Ear East business and strategic restructuring could bring an increase in profits of up to 63 per cent when the bank announces results for 1992 next Wednesday. Pre-tax profit estimates range up to £335 million (***** million)Reuter - 294 words
-
-
FINANCE & COMMODITIES
-
315 1993-03-06 7 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE International bankers are wooing Garuda Indonesia Airlines to take up finance worth US$5OO million (*****.5 million) to pay for new planes being delivered this year. Several bankers are reported to have visited Jakarta recently to meet Garuda officials. They315 words
-
326 1993-03-06 7 Bangkok Post BANGKOK The Bank of Asia is set to massively expand its operations into several other businesses in both the financial and non-financial sectors. Bank of Asia president Chulakorn Singhakowin said the bank was holding talks with a numberBangkok Post - 326 words
-
152 1993-03-06 7 Moiz Tyebally - By Moiz Tyebally SINGAPORE The global economy may not be in the pink of health, but this has not curbed consumer spending in many countries, going by the record U*****.9 billion (*****.3 billion) which Visa cardholders spent last year. Visa International, the credit card152 words
-
162 1993-03-06 7 TOKYO Salomon Brothers Asia, the Tokyo branch of the American investment bank, will reduce its 550-person staff in Tokyo by about 60 people through voluntary retirement, a company spokesman said. "Given the situation in the (Japanese) equity market, we have decided the162 words
-
252 1993-03-06 7 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE Put the client's interest first even if it means telling him to take his business elsewhere. That was the advice given yesterday by Insurance Commissioner Lim Shu Chiau to more than 400 people who received diplomas and awards252 words
-
Article, Illustration547 1993-03-06 7 DBS Bank weekly currency review US$/DM: Bulls emerging The greenback tested the resistance of 1.6580 when it traded to a high of 1.6573 on Tuesday. Some downside corrections followed, and the unit eased to a low of 1.6315 on Thursday. Outlook is bullish with547 words
-
412 1993-03-06 7 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and New York fell back yesterday after Thursday's strong upward surge as brokers said perceptions of demand for heating oil in Europe and the US were overdone. Brent crude oil futures for April delivery gained412 words
-
Article, Illustration140 1993-03-06 7 Trading in the US$/S$ market was again quiet yesterday with a slightly bid tone. Thursday night's Bundesbank council meeting passed without any rate cut announcement but the market still expects the cut to come by the end of the month. Buying of US$/S$ against the140 words
-
Article186 1993-03-06 7 Reuter LONDON European currencies and stock markets surged yesterday after Germany's central bank made a surprise inter-est-rate cut, but the gains were later trimmed as trading took on a steadier tone. In an unusual and unexpected move, the Bundesbank said it was cutting a money market "repo" lending rate,Reuter - 186 words
-
Article80 1993-03-06 7 AFP NEW YORK The dollar jumped against other major eurrencies early yesterday after a strong report on US unemployment. while gold advanced. At about 9:00 am (1300 GMT), the dollar was trading at 1.6560 German marks, up from 1.6400 late on Thursday, and at 117.20 Japanese yen. upAFP - 80 words
-
Article, Illustration1620 1993-03-06 7 I rath' muthicj inJt'\ idk uluwd attains! S'ptwt'\ tap 14 tradm* punntr\ Ba\f war lON* US$/S$ forward rates Noon Mar 5 SS Bid Offer 1-month IMOO ***** 2-momh ***** 1 640 7 'month 1 6381 1 63% 6-mufith 1.6352 1.6372 Swnf OC'BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at1,620 words
-
-
COMMODITIES & FUTURES
-
1486 1993-03-06 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures rose sharply higher yesterday boosted by speculative buying on weak US economicdata and German Bundesbank credit easing. Contracts rallied higher on the US 30-year Treasury bond, closing at a record 6.73 per cent yield overnight. andReuter - 1,486 words
-
993 1993-03-06 8 COMMODITIES REPORT Rubber Singapore: Rubber futures were marked down in slack trade yesterday following the Tokyo rubber market's plunge, traders said. "It is difficult to see us stabilising. We will continue to be marked down in line with Tokyo." a senior trader said.993 words
-
Article1785 1993-03-06 8 Rubber Mar 5 HAS Comma dity Exchai •ft (M> m closing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) A 0 Buyers Sellers Close Volume Open As at 12 noon ts ccntvkg) Month High Low Sett (tonnes) Interest RSS 2 Apr 93 136 50 1371,785 words
-
-
REGIONAL STOCK MARKETS
-
Article1103 1993-03-06 9 -9.3 Shares closed lower in sluggish trade yesterday, under pressure from weak News Corp shares and paralysed by uncertainty in the run-up to the election. "At first it seemed like (opposition leader John) Hewson would win. but it shifted this week to become a closer race," said Prudential Bache's1,103 words
-
Article574 1993-03-06 9 +3.30 Share prices closed higher yesterday but profit-taking clipped the advance of the market although investors expect the rally to resume next week, brokers said. The Manila Stock Exchange Composite Index rose 3.30 points to end at 1,543.15 from Thursday's close of 1,539.85. "Profit-taking cut oIT some of the574 words
-
Article601 1993-03-06 9 -5.47 Stocks closed mostly lower amid heavy profit-taking yesterday, triggered partly by poor trade figures released on Thursday. Financials soared on hopes of big stock dividends from the Big Three banks, brokers said. The Weighted Index surged at the opening, fell sharply in late trade and finished 5.47 points601 words
-
Article404 1993-03-06 9 -6.65 The markoC yesterday recorded a new low for the year after falling for the eighth consecutive day with no boosting news in sight. Brokers said low levels of institutional buying failed to bolster the market but saved the index from a further plunge. "There was some intervention by404 words
-
Article304 1993-03-06 9 +2.08 Brierley Investments yesterday continued to be the main feature of an otherwise dull and drifting New Zealand share market. Trading in BIL accounted for nearly half the market's NZ$25 million volume with one major buyer countering sellers and providing large flows but little price movement. BIL shares304 words
-
Article62 1993-03-06 9 -60.93 Share prices yesterday fell on selling by speculators who overbought just before last weekend's national budget, brokers said. The Bombay Stock Exchange (BSE) Index fell 60.93 points to 2,471.74 after recovering from a low of 2,459.50. Since the budget was announced last Saturday, the index has fallen 31462 words
-
-
WORLD STOCK MARKETS
-
Article762 1993-03-06 9 17.3 Blue chip London stocks closed at their third record high this week as Germany eased money market interest rates to 8.25 per cent from 8.49 per cent and US stocks headed higher. Investors viewed the Bundesbank move as heralding a formal cut in Germany's 8 per cent discount762 words
-
Article132 1993-03-06 9 +6.67 French stocks closed off the day's highs, but well supported by Suez, driven higher by rumours of a possible hostile takeover bid for the financial holding company. traders said. "It's the Suez effect which is boosting the whole thing, with a little something this morning from the Bundesbank."132 words
-
Article112 1993-03-06 9 1.31pc Lower debt market yields sent the Stockholm bourse initially higher in lively trade, and a better-than-ex-pected earnings report from Sandvik later in the day kept the market going. The all-share index rose 1.31 per cent to 1.025.83 in turnover of 838 million crowns, while the blue chip dominated112 words
-
Article155 1993-03-06 9 15.48 Belgian shares held on to most of their gains at the close as the usual positiontaking on the first day ot the forward account was buoyed by hopes for lower interest rates following a cut in the Bundesbank's repo rate. Some price gains also had a good dose155 words
-
Article163 1993-03-06 9 -0.34 pc Italian stocks largely ignored news the Bundesbank cut a key market rate and marked time as local worries and tiredness after the recent bull run encouraged some profit-taking. Barring fresh news, brokers said the market looked set for a period of sideways movement. Next week's expiry of163 words
-
Article231 1993-03-06 9 +2.79 Dutch shares closed higher as investors played safe and bought defensive, or reces-sion-proof stocks, traders said. The EOE index of the top 25 Dutch stocks closed up 2.79 points at 311.45. Advancers outpaced decliners 17 to seven. One stock closed unchanged. Leading the advance on the EOE index231 words
-
Article326 1993-03-06 9 +2 South African gold shares ended sharply better, but were off intra-day highs, as foreigners returned to the market with a vengeance following recent disinterest, dealers said. A dealer said the recent depreciation in the rand had supported local mine's gold revenues. The JSE Industrial Index rose two points326 words
-
Article307 1993-03-06 9 +3.33 Stocks opened slightly higher in continued heavy volume yesterday, buoyed by gold shares which rose early on increased world gold prices, traders said. The TSE precious metals sector jumped 72.52 points, or 1.26 per cent, to 5.850.65. The TSE-300 Index was up 3.33 points at 3.497.% on volume307 words
-
Article915 1993-03-06 9 -5.13 Blue-chip stocks were higher at midday yesterday but the movement was tempered by a rise in long-term US interest rates sparked by a drop in the unemployment rate for February. At about 11:00 am (1600 GMT), the Dow Jones Industrial Index rose 5.11 points to 3.404.02. Trading915 words
-
Article873 1993-03-06 9 Frankfurt Mar 5 DM \C| ***** -50 b\sf :riw ;*> BMW 4x200 -in OO BJ>ct 2"*2» -I 20 Bjvcr Verein-jMnk 45 7 .00 I (*0 ommcr/NMik *40.00 I "H) < twin tiummi ***** -150 Djimk-r-Brn/ NJ* 00 00 [X-ulwtw Rank "IN St -200 DrnJin Bank M)< 5o i H H.nhM873 words
-
-
Article, Illustration3075 1993-03-06 10 Reuter SHARES closed higher yesterday with the main index finishing above the 6,500 level for the first time, after a day of seesaw trading focused on Governor Chris Patten's statement on Hongkong's political reform plan. The blue-chip Hang Seng Index rose 35.01 points to 6,502.81. It was the secondReuter; Source: Bridge Info - 3,075 words
-
Article, Illustration459 1993-03-06 10 THE Shanghai A market continued to lose ground yesterday. The CLSA Shanghai A Index shed 1.99 per cent to 7,489.66. Profit-taking in the foreign share market, mostly by local concerns, stepped up to drive the CLSA Shanghai B Index 5.13 per cent down to 1,051.97 with a slim turnover459 words
-
Article, Illustration2502 1993-03-06 10 Reuter STOCKS ended modestly higher yesterday. The market was pulled up by soaring shares of telephone giant NTT in an otherwise quiet market, brokers said. Sentiment was underpinned by NTT, but the overall market was at a standstill, ahead of the fiscal year-end on March 31, brokers said. "SpeculativeReuter; Source: Bridge Info - 2,502 words
-
Article, Illustration1811 1993-03-06 10 Reuter BUYING just ahead of the close helped stocks recover some eariy losses yesterday but the index still ended the day below 900. brokers said. The SET Index lost 4.73 points, or 0.52 per cent, to close at 898.74 on turnover of 2.56 billion baht. It was the firstReuter; Source: Bridge Info - 1,811 words
-
Article, Illustration866 1993-03-06 10 Reuter SENTIMENT was bullish during yesterday's usual half-day trading In Jakarta, brokers said. "Speculative buying dominated the trading.'* one broker said, adding that it boosted the official index by 2.42 points to 307.19. The heaviest trade was in Trias Sentosa. which rose by 775 rupiah to 3.950 rupiah shortlyReuter; Source: Bridge Info - 866 words
-
Article, Illustration2641 1993-03-06 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mom,** 50c fVO£«» Mulli-Purposc II F abcr C m »up Kamunling MX- *-002.000 VI Properties Berjj\dt.roup tru«!» Tech Resources 3.833.000 \MDB 50c 2.924.000 Kcnong Bhd MX. 2.8*> 1.000 MB! Hklgs 50c 2.5*2.000 longkah Hldgs 2.319.000 Promct 2.311.000 Peg. MsuSource: Bridge Info - 2,641 words
-
KUALA LUMPUR STOCK EXCHANGE
-
Article, Illustration5149 1993-03-06 11 Bernama KUALA LUMPUR Share prices here closed slightly firmer yesterday in speculative activity especially in gaming-linked counters and second liners. The KLSE Composite Index tacked on 1.67 points from Thursday's close to 638.34 after reaching an intra-day high of 639.02. The Industrial Index improvedBernama; Source: Bridge Info - 5,149 words
-
-
STOCK EXCHANGE OF SINGAPORE
-
Article, Illustration1107 1993-03-06 12 Sylvia Hong - By Sylvia Hong SINGAPORE Share prices ended flat yesterday, the market having traded within a tight range the whole day. The Straits Times Industrials Index closed at 1,657.37 points. 1.25 points lower than the previous day. Some index-linked buying at the start ofSource: Bridge Info - 1,107 words
-
Article, Illustration66 1993-03-06 12 Paul Leo - I HOT STOCK Paul Leo ARAB Malaysian Development Bhd is losing steam after its rise from 46 cents to 79 cents in the past five weeks. Monthly RSI at 75 and stochastics approaching 100 indicate that the stock is nearing an overbought condition and a correctionSOURCE: BRIDGE INFO - 66 words
-
Article6099 1993-03-06 12 MAIN BOARD Gr Gf 1992/93 Last V«l D«> Im Oao* Di» Uit tld Nfl \l Cm High Lam Compaa) Sale (TWO) High Lot. Buyer Seder CV P/E Ml INDUSTRIAL AND COMMERCIAL 348 170 Aetna 340 +16 929 348 324 340 342 12.2 2.1 3.6 19.7 210.0 210 210 s Alex6,099 words
-
-
-
Page 5 Advertisements
-
Advertisement317 1993-03-06 5 Quek Leng Chan launches bid Tor Ban Ilin Lee Bank, Pg6 r Someone dose has beenlving Your son in Canada Is studying for some years, overseas. You've given up ■Pill And you want him The Straits Times ■KH close to home weeWyteflsitbettet -with news (Hemjgit from home. comeback after reading317 words
-
-
Page 8 Advertisements
-
Advertisement200 1993-03-06 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 OFFICIAL NOTICE We Comfort Marine Pie Ltd of 5001 Beach Road #0714/ IS Golden Mile Complex, Singapore 0719, hereby give notice that in consequence of our purchase of Hosei Maru No. 15.We have applied to the Registrar of Singapore Ships, under200 words
-
-
Page 9 Advertisements
-
Advertisement39 1993-03-06 9 "The 'P' in the PC of personal computing is no longer sufficient." Find out why software for working together is the way to go BusinesslT. In Business Times on Monday I he closing report for Zurich was not available39 words
-
-
Page 10 Advertisements
-
Advertisement153 1993-03-06 10 Carrier's Well-Timed Circle "V Timepieces have always played a large part in the history of Cartier, the French •V luxury goods purveyor. Despite the many daunting and breath-taking classics the house has created over the years, the Louis Cartier Diabolo is playful looking, almost reminiscent of a childhood game. \/i153 words
-
-
Page 11 Advertisements
-
Advertisement29 1993-03-06 11 When IT doesn't work Simply acquiring the latest information technology does not always shift the organisation into high gear. Find out why in BusinesslT. In Business Times on Monday29 words
-
-
Page 12 Advertisements
-
Advertisement153 1993-03-06 12 Carrier's Weil-Timed Circle Timepieces have always played a large part in the history of Cartier, the French luxury goods purveyor. Despite the many daunting and breath-taking classics the house has created over the years, the Louis Cartier Diabolo is playful looking, W* almost reminiscent of a childhood game. Despite these153 words
-
-
SPORTS
-
Article, Illustration397 1993-03-06 13 Epson Singapore Open Golf SINGAPORE A cast of virtual unknowns, demonstrating the impressive strength in depth of Australian golf, took centrestage on the second day of the Epson Singapore Open yesterday. On a day when their famous countryman Greg Norman was leading an impressive397 words
-
SCORE CARD
-
Article, Illustration38 1993-03-06 13 AFP WASHINGTON Thursday's NBA results: New York 125 Utah 111; New Jersey 116 Orlando 97; LA Clippers 117 Washington 98; Indiana 136 Atlanta 111; Cleveland 103 Minnesota 95; Denver 103 Portland 88; Seattle 138 Charlotte 112. AFPAFP - 38 words
-
Article, Illustration88 1993-03-06 13 Reuter Reuter GWALIOR, India India won the sixth and final one-day international against England by four wickets to level the scries 3-3 on Friday. Scores: England 265-4 in 48 overs (G.Hick 105. R.Smith 72). India 267-6 in 46.4 overs (M.Azharuddin 95 not out. M.Prabhakar 73). Reutcr WELLINGTON New ZealandReuter - 88 words
-
Article, Illustration202 1993-03-06 13 Reuter AFP Reuter AP MIAMI Leading scores after the first round of the L'S$L4 million Doral-Ryder Open on Thursday (players US unless stated): 65 Greg Norman (Aus) 66 Tom Kite, Dave Rummells 67 Paul Azinger, Ed Humenik 68 Tom Watson. Fred Couples. Robert Wrcnn. Loren Roberts. Steve Elkington (Aus),Reuter; AFP; AP - 202 words
-
Article, Illustration64 1993-03-06 13 AFP Reuter PARIS Thursday's results in the European Cup competitions: Cup Winners Cup quarter-final, first-leg Royal Antwerp (Bel) 0 Stcaua Bucharest (Rom) 0; Olympiakos (Gre) 1 Atletico Madrid (Spn) 1. LEFA Cup quarter-final, first-leg Bcnfica (Por) 2 Juventus (Ita) 1. SYDNEY Australia beat Colombia 2-1 (half-time 1-1) in aAFP; Reuter - 64 words
-
Article, Illustration185 1993-03-06 13 AFP AFP INDIAN WELLS, California Thursday's results in the Champions Cup A I'P tournament (x-de-notes seeded player): 3rd round singles Michael Chang (US x 4) b MaliVai Washington (US xl 4) 6-7 (4/7). 6-3. 6-1; Petr Korda (Cze x 5) b Thomas Muster (Austria xl 2) 7-6 (7/3). 6-4;AFP - 185 words
-
-
Article, Illustration387 1993-03-06 13 Shahiron Sahari - Reports by Shahiron Sahari SINGAPORE Robert Allenby, the youngest but most successful of the young crop of Australians currently heading the Singapore Open, looked frail and withered as he slumped into the chair at the Tournament Office to report his day's387 words
-
Article149 1993-03-06 13 ROUND three of the Epson Singapore Open starts today at 8.50 am with Australia's Peter Senior, Taiwan's Chang Tze-Peng and Singapore's Lim Kian Kee teeing off from the first hole. Brad King, Craig Mann and Darren Barnes, all of Australia, will start at the same time from149 words
-
SIDE LINES
-
Article, Illustration176 1993-03-06 13 AP PARIS Canadian sprinter Ben Johnson was banned for life by the lAAF yesterday for failing a new drug test, pending a hearing with his national federation. The lAAF doping commission ruled that Johnson. who was stripped of his Olympic gold medal in 1988 afterAP - 176 words
-
Article122 1993-03-06 13 AFP NEW DELHI Hongkong Open winner Brian Watts of the US fired a five-under-par 67 here yesterday to surge into the lead at the end of the second round of the Indian Open golf tournament. Watts, who shot an opening round 72, carded six birdiesAFP - 122 words
-
Article113 1993-03-06 13 Reuter VALENCIA, Spain Santiago Luna shrugged off a slow play warning to upstage the stars by shooting a five-under-par 67 in the first round of the Mediterranean Open at El Saler on Thursday. The 30-year-old from Madrid putted superbly to record seven birdies against two bogeysReuter - 113 words
-
Article79 1993-03-06 13 AFP CHICAGO National Basketball Association (NBA) superstar Michael Jordan was hospitalised here on Thursday with a foot infection. Chicago Bulls spokeswoman Joyce Szymanski said that Jordan, the NBA scoring leader with an average of 32.3 points a game, is expected to stay in the hospital overnight butAFP - 79 words
-
Article74 1993-03-06 13 AP PERTH Japan continued its unbeaten run in the Asian baseball championships yesterday night, beating Australia S-l in the semi-finals. Japan now faces South Korea in tomorrow's final in the seven-nation tournament. The Koreans upset Olympic silver-medallist Taiwan 7-1 in yesterday's other semifinal. Pitcher Sun Dong-limAP - 74 words
-
Article94 1993-03-06 13 AP KEDOIN, Japan Unheralded Hirofumi Miyase fired a spectacular 10-under-par 62 yesterday and moved into a one-shot lead midway through the 100 million yen (SSI.4 million) Token Corporation Cup golf tournament, the season's opener on the Japan PGA Tour. Miyase had one eagle and eight birdiesAP - 94 words
-
-
Article, Illustration680 1993-03-06 14 Rugby AFP LONDON England is ready to ruin Scotland's Triple Crown dream and so spoil lan McGeechan's final match as their coach here today. The Scots are on a high after routing Wales 10-9 conquerors of England 20-0 nearly two weeks ago and areAFP - 680 words
-
Article, Illustration34 1993-03-06 14 Reuter MESA, Arizona Chicago Cubs pitcher Mike Harkey striding onto the field to retrieve batting practice balls at the team's camp on Thursday. Harkey is recovering from an off-season knee injury. ReuterReuter - 34 words
-
-
Article1303 1993-03-06 13 cny n»t n» fi» cm Adelaide SQ227 2230 Amman RJ183 2335 Amsterdam GA895 1325 SQ324 2215 KL837 1545 KL838 2350 SQ323 1735 Auckland NZ21 1705 NZ22 1825 SQ288 2040 Bahrain GF149 0650 B Sen Begawan BI453 1105 SQ182 0930 SQ181 1425 BW30 2125 B1429 2030 Bangkok1,303 words
-
Page 13 Advertisements
-
Advertisement41 1993-03-06 13 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. We know the world from start to Finnish.41 words
-
-
SHIPS IN PORT
-
Article371 1993-03-06 14 Vessel fey No Berth Arrival Depvtire Vessel Voy No Berth Arrival Departwe Marina Wharves Meng Kat ***** poi 05 03/1200 05 03 1800 Batam Ma|u *****3 M04 alongside 06.03/2300 NILE 227 P09A 05 03/1000 0603/1500 Batam Murm *****3 M04 alongsde 05.03/2300 Panama Maru WAA36A P07 05 03/1700371 words
-
Article1951 1993-03-06 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS s* toy Hi cmtmn awfablt Sip Voy No Contanen mMk Choyang Park EF314 COO(EST) 05.0393 1500 Precio River 4 COO(EST) *****3 2300 Gwu Bhum 660N COO(EST) 05 0393 1500 Marina Mas 9353NB COO(EST) 0603 93 0700 Appte 9319 COO(EST) 05.0393 23001,951 words
-
-
Page 14 Miscellaneous
-
Miscellaneous487 1993-03-06 14 CRYPTIC CROSSWORD 1 Boy took in inventory of col- lector M 8 Hold on it is not the winner (4,1,6) I I I i I I 1 J _JH__ 11 Expensive address (4) j~j flfl 12 Indian caught the bird (4) I 13 Number struggling in hes- |H| BBH H|487 words
-
-
REGIONAL FOCUS
-
Article, Illustration1013 1993-03-06 15 Harish Mehta - So many players have entered the Vietnamese beer market that it is nearly saturated. Harish Mehta looks at the prospects for Asia Pacific Breweries' beer which will soon be produced there Harish Mehta SINGAPORE Vietnam's biggest brewery is getting ready to roll.1,013 words
-
Article, Illustration819 1993-03-06 15 Stephen Vines - The US company is doubling its Chinese investment in new soft-drink plants, reports Stephen Vines Stephen Vines HONGKONG The Chinese people seem really thirsty for the "Real Thing". At least that is what Coca-Cola believes. The Atlanta-based company has just announced that it is819 words
-
-
Page 15 Advertisements
-
Advertisement228 1993-03-06 15 Leica's New-Generation Binoculars With Leica's latest 10 x 42, the peak of optical excellence is reached. Leica 10 x 42 provides precise image definition and an enhanced close focus of 4.6 m. With its easy-to-use eyepieces, even bespectacled observers can enjoy the fullest field of view. The 100% dustproof and228 words
-
-
510 1993-03-06 16 EC alarmed by decision against British, French, German and Brazil firms UPI AFP WASHINGTON The United States International Trade Commission (ITC) ruled on Thursday that British, French, German and Brazilian steelmakers are hurting their US rivals by "dumping" certain steel products onUPI; AFP - 510 words
-
405 1993-03-06 16 AFP Reuter HONGKONG The Hongkong government said yesterday it could lose between HKSIIB billion to HK$l66 billion (Ss2s billion to Ss3s billion) in trade if Washington withdrew China's most-fa-voured-nation (MFN) trading status. The loss of exportAFP; Reuter - 405 words
-
265 1993-03-06 16 Reuter BONN Four top German business groups launched a strong attack on the European Community's executive Commission. accusing it of protectionism and of trying to wrest power over foreign trade from member governments. In a letter to Chancellor Helmut Kohl, the leadersReuter - 265 words
-
524 1993-03-06 16 AP MOSCOW Russian lawmakers voted yesterday to convene an emergency session of Congress next week, setting up a showdown with President Boris Yeltsin over which branch of government should hold supreme power in Russia. The action came amid heightened political tensions in theAP - 524 words
-
233 1993-03-06 16 AP WASHINGTON The United States and Russia announced yesterday that they will hold a summit confcrence on April 3 and 4 in Vancouver. US President Bill Clinton said he will try to offer Russian President Boris Yeltsin "some innovative solutions"AP - 233 words
-
329 1993-03-06 16 AFP TOKYO Japan's current account surplus jumped 83 per cent from a year earlier to US$5.2 billion (SsB.s billion) in January, helped by improvements in the goods and services trade balance. The Finance Ministry said yesterday that the combined surplus for theAFP - 329 words
-
384 1993-03-06 16 AFP NYT TOKYO More Japanese companies reported a worsening business situation with management confidence declining again, the Ministry of International Trade and Industry (Miti) said in a report yesterday. The ministry reported that 41 per cent of 149 major Japa-AFP; NYT - 384 words
-
Article, Illustration49 1993-03-06 16 Reuter ARAJEVO A young man hauling about 300 litres of water through snow-covered streets to his home in the besieged Bosnian capital on Thursday. Water is still being collected at points throughout the city although some city lines have been repaired. ReuterReuter - 49 words
-
457 1993-03-06 16 Reuter BONN German unemployment climbed closer towards its highest level since World War II in February as the country's economy slipped further into recession, the Federal Labour Office said yesterday. Unadjusted joblessness in the former West Germany roseReuter - 457 words
-
290 1993-03-06 16 AP BOSTON That villainous computer virus Michelangelo is due to wake from its slumber today, but computer users are not as scared this time around. The file-chomping bug, programmed to strike on the artist's birthday March 6 caused near hysteria last year.AP - 290 words
-
Page 16 Advertisements
-
Advertisement22 1993-03-06 16 Monday in Business Times Russian VP arrives la S>ore tomorrow, Pg 2 Western leaders in show of support Cm- Yeltsin, Pg 422 words
-
Executive Lifestyle
-
Article, Illustration1608 1993-03-06 17 Nirmal Ghosh - Will the big auction houses like Sotheby's and Christie's benefit most from the incentives handed out to the fine arts and antiques industry in the latest Budget? Nirmal Ghosh gathers some views Nirmal Ghosh ULLING teeth." That I mis how an ex-auction-eer describes his1,608 words
-
SREAWS IN THE WIND
-
Article116 1993-03-06 17 YES, we all know that Singapore is an important part of the region. But just how so? Time magazine, in its Feb 22 cover, failed to include Singapore in a map of the Pacific Rim. When asked about the omission, its managing editor, Karsten Prager, replied:116 words
-
Article57 1993-03-06 17 SOME banks must subscribe to the adage "better late than never". One such institution recently sent a letter to one of its clients to tell him that his mother could no longer have access to their joint safe deposit box. The reason? They just found out that his57 words
-
Article43 1993-03-06 17 NOW you know what some people think of journalists. Gek Ik Cheong, chairman of Robert Kuok's Malaysia-listed Perlis Plantations, recently explained why his senior company executives seldom meet journalists: "That would appear to me to be good use of human resources!"43 words
-
-
OPINIONS
-
Article909 1993-03-06 18 Tye Kim Khiat - Tye Kim Khiat finds Australians of all hues waking up to the importance of forging stronger links with Asia Tye Kim Khiat The writer is a Melbourne-based journalist who contributed this comment to BT ASIA is getting more than a mention in the lead-up to909 words
-
Article1143 1993-03-06 18 Eleanor Wong - Eleanor Wong picks up a few tips from a worldly-wise youngster Eleanor Wong The writer is a lawyer and sometime playwright M ELAN IE TOH is five, and owns a tutu and ballet shoes. She understood the concept of seasons at three and a half, having spent1,143 words
-
Article884 1993-03-06 18 Nirmal Ghosh - India's liberal intellectuals have lost touch with reality, says Nirmal Ghosh Nirmal Ghosh The writer is an Indian journalist who works in BT THE TRULY liberal section of India's intelligentsia seems to have been marginalised in the current soul-searching that is going on in India.884 words
-
244 1993-03-06 18 Roberto Dellepiane Rawson - LETTER TO THE EDITOR Roberto Dellepiane Rawson Argentine Ambassador to Singapore Embassy of the Republic of Argentina FIRST of all, I wish to congratulate you for the quality of the informative material you provide in your newspaper. However, I wish to refer to244 words
-
-
PROFILE
-
Article, Illustration2207 1993-03-06 19 Karim Raslan - Who will be the next monarch of Thailand? With King Bhumibol Adulyadej in his mid-60s, that is an issue which is increasingly being discussed in the country. Karim Raslan takes a closer look at the two contenders to the throne Karim Raslan A WOMAN prostrates2,207 words
-
-
PERSONAL FINANCE & INVESTMENT
-
BULLS EYE
-
Article, Illustration58 1993-03-06 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, Kay Hian James Capel. Kim Eng Securities. Morgan Grenfell Asia Securities. Peregrine Securities, Phillip Securities, OCBC Securities. Ong Co, VOB Securities58 words
-
Article256 1993-03-06 20 Daiwa Securities Singapore (March 4) Asiatic Development Bhd. Buy at current level. Asiatic is bound to see potential benefits from the 50:50 joint venture with Airboss, the patent holder for a revolutionary non-pneumatic tyre used in off-road vehicles. Under the JV, Asiatic has been given the rights to manufacture256 words
-
Article, Illustration305 1993-03-06 20 William R Ebsworth for Fidelity Investments Asia's number three performer so far this year, Hongkong's market has advanced 18 per cent. On a wave of overseas enthusi- asm, firms perceived to be capitalising on China's economic boom have led the advance. Now, for a numberSource: Compuchart - 305 words
-
Article, Illustration305 1993-03-06 20 Wang Toon Luan - Wang Toon Luan Mr Wang Toon Luan, 38 Vice-President Union Bank of Switzerland (member of SES working committee on options trading) UT guess options trading I will have a cautious .A. start, like almost everything new. It will be a learning period for both the stockbroking houses305 words
-
-
Article, Illustration1769 1993-03-06 20 William Chia - STOCK William Chia examines the ambitious plans of Indonesia's largest department store chain William Chia INDONESIA's largest department store chain, the 35-store PT Matahari Putra Prima, is on its way to doubling its number of stores by 1996 and tripling it by the turn of1,769 words
-
Article, Illustration926 1993-03-06 20 Dawn Tan - Dawn Tan on how the Singapore and Kuala Lumpur bourses appear to be moving in tandem Dawn Tan HAVE the Malaysian and Singapore stock markets truly parted company? History notes that the Kuala Lumpur Stock Exchange (KLSE) split from the Stock Exchange of Singapore (SES) inSource: INVESTAMATIC; Source: Kay Hian James Capel - 926 words
-
Article, Illustration1432 1993-03-06 21 Agnes Chen - Unit trusts have been around for a while, but not all have been doing well. Agnes Chen speaks to their .fund managers Agnes Chen A UNIT TRUST is only as good as its fund manager. A provocative statement, but one which even embattled1,432 words
-
Article, Illustration293 1993-03-06 21 Kooi Cho Teng - BT Golf Index By Kooi Cho Teng TRADING in golf memberships was given a boost last month when the Singapore Island Country Club announced substantial increases in transfer fees across the board. Buyers rushed to beat a $10,000 hike in the club's local membership293 words
-
Article, Illustration246 1993-03-06 21 Paul Leo - Spotlight currency By Paul Leo A REPRIEVE for the New Zealand dollar is in sight. The Kiwi dollar has fallen 57.5 per cent from S$ 1.4644 in June 1988 to its recent low at 84.25 Singapore cents in January. Now, there are signs thatSource: TeleTrac - 246 words
-
872 1993-03-06 21 Next publication date: Apr 3, 1993 Deposit amount l-mth 3-mth 6-mth Deposit amount l-wk l-mth 3-mth 6-mth Bank of China A$ 10.000 49 ***** 50.000 Above Dmk 10.000 4WN 50.000 Above IIKS 50.000 WW.W 100.000 4W.WN NZS 10.000 ww872 words
-
-
Article, Illustration587 1993-03-06 22 JAIME EE - Cinema Review By JAIME EE AFTER Gandhi, how could you expect Richard Attenborough not to give the same epic treatment to his biography of the late great Charlie Chaplin? And the trouble with Chaplin is that Attenborough does just that he portrays587 words
-
Article, Illustration566 1993-03-06 22 JAIME EE - By JAIME EE LORENZO'S OIL would have been a great title for an update of Aladdin's Lamp. Or it could have been a story about Paul Newman taking in an Italian partner in his salad dressing business. Or you could even imagine Tom Cruise acting as an566 words
-
Article, Illustration1285 1993-03-06 22 Maggie Ford - Maggie Ford checks out tourist accommodation in Bali from the modestly priced rooms to the extravagantly expensive villas Maggie Ford WHEN in Bali, it's not uncommon to find tattily-dressed locals tugging at your sleeves and fighting with each other to1,285 words
-
Article, Illustration610 1993-03-06 22 NIRMAL GHOSH - Art Review By NIRMAL GHOSH AT 11.25 am. Gallery 21 at the Riverwalk Galleria finally opened its doors, displaying about 40 prints drawn from the works of 10 artists. But the one piece that drew my attention almost immediately was Roberto Matta's Olympics 1965, an etching/aquatint610 words
-
Article, Illustration537 1993-03-06 23 RINGO LIEW - By RINGO LIEW CD Review ARRESTED DEVELOPMENT: 3 years, 5 months, 2 days in the life 0f... "Cultural-southern-hiphop-folk-ethnic-funk" is quite a label to live up to. But by the time the listener hits the third track, there's no question that Arrested Development has covered all537 words
-
HEALTH & FITNESS
-
HEALTH Notes
-
Article105 1993-03-06 24 American Health WOMEN on the Pill may be putting themselves at risk. The reason: estrogen, the female hormone in the contraceptive, can significantly increase one's blood pressure. High blood pressure is the most important of all risk factors for stroke and one of the most importantAmerican Health - 105 words
-
Article117 1993-03-06 24 NYT BALDING at the top of your head? Beware, you might be in the running for a heart attack. In a study of men under 55, vertex baldness was found to be correlated with a slight but definite increase in the risk of heart attack. The riskNYT - 117 words
-
103 1993-03-06 24 NYT PEOPLE with cataracts should think twice before opting for surgery. Doctors and patients should take a "wait-and-see" approach, rather than rush to schedule cataract surgery, according to a panel of experts. Stronger glasses and magnifying lenses should be tried in an effort to postponeNYT - 103 words
-
88 1993-03-06 24 NYT MOUTHWASHES containing more than 5 per cent alcohol can cause seizures, brain damage, coma and death when swallowed by young children and therefore, should be required to have child-resistant caps, according to a petition filed by American health groups. The petition noted that manyNYT - 88 words
-
Article108 1993-03-06 24 NYT MEN who start exercising after age 30 can reduce their chances of dying in the next dozen or so years by 23 per cent, compared with those who remain inactive. It was also found that among men aged 40 to 55, those who were mostNYT - 108 words
-
-
Article, Illustration770 1993-03-06 24 Susan Tsang - Just because you are not sick does not mean you are healthy. Learn to recognise the body's cries for help, writes Susan Tsang Susan Tsang THE story is common enough someone "suddenly" becomes seriously ill, or dies, and all his or her friends talk about how unexpected770 words
-
-
PEOPLE
-
Article, Illustration229 1993-03-06 24 DAIWA BANK recently celebrated the completion of a loan syndication facility for Thailisted Multi-Credit Corporation. The US$57 million (Ss93 million) facility was US$7 million larger than expected, thanks to an overwhelming response from participating banks. Multi-Credit, a financial and securities house, was raising the money fromPhotos by Arthur Lee - 229 words
-
-
TIME OFF
-
Article, Illustration779 1993-03-06 25 Shahiron Sahari - It's Saturday night, and Shahiron Sahari finds himself caught between the Hard Rock and Zouk Shahiron Sahari FOR A night of manic frenzy, it's hard to do better than the Hard Rock Cafe at Cuscaden Road. On Fridays and Saturdays especially, the crowds can be779 words
-
Article, Illustration715 1993-03-06 25 IT IS said that when the patrons of the Hard Rock Cafe get a little older and dryer behind the ears, they graduate to Zouk. And on first impression, it seemed to be a justifiable assessment. The disco area, at least, was filled by715 words
-
Article335 1993-03-06 25 Grease This is the Tony Award-winning hit and the inspiration for one of the highest grossing movies ever made. Set in the *****, it is the story of Danny, leader of a boys' gang, and Sandy, a sweet innocent girl who joins the Pink Ladies gang. Kallang Theatre, March335 words
-
Article, Illustration331 1993-03-06 25 Singapore Symphony Orchestra Choo Huey conducts the orchestra in a programme in which organist Simon Preston lends lustre to Bonnet's Variations de Concert and Haydn's Organ Concerto No 1. The Mahler Symphony No 5 is grand and powerful. beginning with tragic drama and ending with a celebratory finale. The331 words
-
Article158 1993-03-06 25 It's A Wonderful Life James Stewart and Donna Reed star in this near-flawless recounting of a tender love story. Directed by Frank Capra, and rated PG, the film is presented by the Singapore Film Society. Goethe Inslitut Auditorium. Singapore Shopping Centre. March 12 at 6.30 pm and 9. JO158 words
-
Article996 1993-03-06 25 Back To Africa An exhibition and sale of African tribal cloths and beads, featuring (Cuba textiles from Zaire; sand-col-oured Shoowa cloths with fascinating motifs used for bartering or gifts by the Kuba tribe: antique baskets from the Ndebele tribe and Zulu beadwork. Chinoiserie. Raffles Hotel Shopping Arcade,996 words
-
Article36 1993-03-06 25 Batik Painting for Beginners Participants should bring along two Chinese brushes to this workshop of four sessions. The Substation, 46 Armenian Street. Mar 4 to April I. 7 pm to 9 pm. Course fee: »155.36 words
-
Article190 1993-03-06 25 Tare the Dragon Boy Part of the Young People's Theatre Festival. Act 3's travelling theatre brings its production to four different HDB parks. Before the show, children will be able to put on Japanese costumes and take part in Ikebana sessions. Bishan Park, tomorrow at 5.30 pm at190 words
-
Article26 1993-03-06 25 Epson Singapore Open Golf Championship International players will compete on the greens for prize money of US$4OO,OOO. Tampines Course. Tanah Merah Country Club. Till tomorrow.26 words
-
Article154 1993-03-06 25 Walt Disney's World on Ice An ice-skating spectacular that will delight Disney fans. Featuring Mickey, Minnie. Daffy and Pluto, this all new extravaganza has toured the world and been seen by 40 million people. Singapore Indoor Stadium. March 11 to 21 at 8 pm. Extra 4.30154 words
-
-
EPICURE
-
Article, Illustration698 1993-03-06 26 SUSAN TSANG - Bon Appetit By SUSAN TSANG WITH the Metropole Hotel in Seah Street renovated, it seemed a good idea to venture within and suss out the Imperial Herbal Restaurant on the third floor. But would we know what to order? More importantly, how would it taste? We698 words
-
Article, Illustration596 1993-03-06 26 JAIME EE - By JAIME EE THE NEW AKASAKA Sushi Restaurant in the glassy building Plaza By The Park comes across as a contrast of sorts. Its location suggests that it's a place for the shirt-and-tie set to eat, yet its decor and menu suggest that it's a place596 words
-
-
Article1063 1993-03-06 28 Accidental Hero. Dustin Hoffman plays a small-time thief who plays reluctant hero, and Andy Garcia is the imposter who reaps the glory. Geena Davis' TV journalist makes this an engaging study of America and its icons. Cathay 2: 11; 1.30: 4; 6.45; 9.15. Yishun 10: 12.25; 5.10; 9.40. A1,063 words
-
-
Page 17 Advertisements
-
Advertisement178 1993-03-06 17 The Gift Voucher That Can Be Used In So Many Ways J For man information, call 220 9433/223 8333 JKIBu B ■I ■H B BL 4i Sfc^y H wmit k MMh AviiUhlr nrluwrh SINGAPORE Burberry* Main Shop 435 (>i< hard Road. *01-42/ 43/44. Wimtm Atna. Singapore (1925 Trl. ***** IS.178 words
-
-
Page 18 Advertisements
-
Advertisement114 1993-03-06 18 Going to London? Stay at a nome-away-from-home REGENTS PARK HOTEL 156 Gloucester Place, London NWI Located ia the heart of Central London jg 3 mimics walk from Baker Street Undognmnd Within walking (finance of Regent's Paric, Madame Tossaods I and Oxford Street 1 Authentic Singaporean food by Singapore Garden Rectaumt114 words
-
Advertisement33 1993-03-06 18 IH •BT welcomes letters from you. v I Please address them i|i to: The Editor, m m Business Tunes, m 390 Kim Seng Rd, §g S'pore ®^23. Letters should include your contact numbers.33 words
-
-
Page 18 Miscellaneous
-
Miscellaneous46 1993-03-06 18 POONESBURY GARRY TRUDEAU SOFXXJSUPPORT HI r HZ IST YOUR REP- UEU.I HL6OTELL I UtL. NTHEKT7CHGN.' f BROUN' FORPeTZS neseNwm&tNOU! guess i xxjrskret mere hams coffee f 7 sake,zonk, TBLLTHEMrrS > BETTER &RMCBA6Em, ARE ANP BROA/WES! I THERES PLENTY. OKAY T> MAKE > J 8860N6- I YOU MADE OOZEHS46 words
-
-
Page 19 Advertisements
-
Advertisement38 1993-03-06 19 The Resourceful seeks the right media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES TX STRAITS T*AES THE SUNDAY T*«S BUSINESS TIMES THE NEW PArt« UANHE ZAOtAO* UANHE WAN SAO SHNMIN DAHY NEWS BEtfTAHAMAN ftEMTAAMNGGU38 words
-
-
Page 23 Advertisements
-
Advertisement166 1993-03-06 23 FOR MORE THAN 2000 YEARS, MAN HAS BEEN SEARCHING FOR THE PERFECT LIVE EXPERIENCE. NOW BANG OLUFSEN BRINGS IT INTO YOUR LIVING ROOM. 2 E2£2fli #KES9 v -f 1 v.*—fr*l BB Ka&^;^ r \*tttfai "^■n^Mii PSI WfwFr .+±:.v. .\.\r^££oA HHBBMMi^c^^. .4- --''*----v .I^ESB^^H Beosystem AV 9000 Surround Sound is as166 words
-
-
Page 24 Advertisements
-
Advertisement277 1993-03-06 24 Is It Boom Time For Companies? beckons r Asians are expected to chomp their way through US$7OO billion worth of noodles, crackers, chicken wings and ice-cream by the year 2000. But are local manufacturers ready A "1 YT Tf i to tap this rapidly growing market? \\l M f\T Also,277 words
-
-
Page 26 Advertisements
-
Advertisement57 1993-03-06 26 II 11 rg fbi 5751 ft flHfflMH 15*Wk<M B WB^^^B City Chic Country Pleasures 22 I pages of Australian Style And Travel Is He A [jjmlM Wimp —Or Are You A Witch? Who Gets jttA^^ii What In A Divorce —The 15 Most-Asked y^^KQuestions To r our Great Melbourne/ I I57 words
-
Advertisement7 1993-03-06 26 The wine column has been held over7 words
-
-
Page 27 Advertisements
-
Advertisement545 1993-03-06 27 Nothing Beats A Bud. ttlM OF ~kme *P*t I Penang High Tea Co e and sample our re- I vamped menu at Princess I At 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 years545 words
-
Advertisement249 1993-03-06 27 WHERE TO WINE, DINE AND ENTERTAIN Make Up For Every Meal You've Had To Skip This Week If you've been living on a solid diet of work-and-not-much-else lately, give yourself a well-earned rest and head for the Plaza Hotel's Sea food-Theatre Restaurant this weekend. Select any item from our special249 words
-
Advertisement289 1993-03-06 27 Q)e/ice& Q)u/ (£h^Q)&-(Dalcus/ Top of the M is f S« Owcr proud to present of C*U*« NtCfcMt WW v "■>* A Culinary Tour oi France mo—■—-m"" I I FREE! 1 use of KTV rooms* at the Coleman's Lounge with a minimum expenditure of $200** HAPPY HOURS: lijßrj^S^ 5.00pm to B.oopm289 words
-
-
Page 28 Advertisements
-
Advertisement84 1993-03-06 28 Club Barbecue Buffet Mbe! Hat as much as you ran fIITnUIInSSBH every Friday Saturday at the Poolside Tee-Off Cafe txnwcen 6.30pm to 10.00pm |||rIL^nMJPH| Child 8. OO (child below l2yrsokl)m| ipLy pU R>r reservations. please ci»ll Tee-Off Cafe AmU I N|L! ai 322 4221/:*<l)ircruoral 221 281 i m I I^LI84 words
-
-
Page 28 Miscellaneous
-
Miscellaneous2243 1993-03-06 28 todays tv ■KKH puri (M. 1.30 Drama Pilihan (M). p 1: r 2-3® ®*i Seberang (M). Interiud, 4pm, SBC 5 Wonders In China, 9am, SBC 8 lT?l *15 Wardah. Ignored by busy parents, sib- A colourful Tibetan opera, a Personahti Di Dapur. lings Haris and Yati develop a gongfu display2,243 words
-
Miscellaneous283 1993-03-06 28 Radio Seeing Stars, BBC, Saturday, guished. Also a look at Bonfire 9.30 am Night, held every Nov 5. The Quasar Mystery: The mid- Play Of The Week: In The Native night sky is dominated this state (Pt 2), BBC, Sunday, month by the planet Jupiter. 9.01 am shining in the283 words
-