The Business Times, 18 September 1993
1993-09-18
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The Business Times
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Title Section14 1993-09-18 1 Business Times MITA (P) 552/12/92 Weekend Edition, September 18-19 1993 WE KNOW ASIA 75*14 words
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730 1993-09-18 1 Genevieve Cua - By Genevieve Cua SINGAPORE State-owned Singapore Technologies Ventures has teamed up with Overseas Union Bank to launch a venture capital fund of up to $150 million, aimed at investing in promising Asian companies in highgrowth industries. STV and OUB will put up730 words
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422 1993-09-18 1 Sytvia Wong - Byi Sytvia Wong SINGAPORE The government will not stop any single developer from dominating state sales of house-size plots of land. Nor will it cap the number of plots that one developer can bid for. The Minister of State for National422 words
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Article, Illustration331 1993-09-18 1 William Chia - By William Chia SINGAPORE A delegation of Malaysian corporate chiefs from some of the country's best known companies arrived in Singapore yesterday for a two-day visit. The highlight of the visit by the 22-member delegation the members read like a Who's Who331 words
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203 1993-09-18 1 MBT KUALA LUMPUR A Singaporean businessman is expected to surrender to Malaysian police tomorrow and be charged in court on Monday in connection with the short-selling of Union Paper shares. Sources said the Singaporean, through his lawyer, contacted the Malaysian RegistryMBT - 203 words
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Article114 1993-09-18 1 OUR front-page story yesterday, 'UK, Australia, China in war of words over Olympic venue', contained an error in the quote highlighted and attributed to Douglas Hurd, the British Foreign Secretary. What Mr Hurd said, when asked how he would react if Beijing was chosen as the venue,114 words
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419 1993-09-18 1 Reuter ZURICH Japan should overtake the United States in international competitiveness by about 1998 and Singapore could pass the US just after the turn of the century and catch up with Japan in just over 10 years, a new study claims. TheReuter - 419 words
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2am LATEST
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Article64 1993-09-18 1 Reuter PARIS France is to sell about 40 per cent of Banque Nationalc de Paris by December 20, market conditions permitting, the economy ministry said. The 40 per cent represents 72 million shares after splitting the nominal shares in two and a capital increaseReuter - 64 words
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60 1993-09-18 1 AFP MOSCOW A Russian threat to cut off electricity to Abkhazia by Bpm yesterday unless Abkhazian forces ceased hostilities passed as fighting continued around Sukhumi, a local official said. The Russian Foreign Ministry had earlier said it would cut off electricity and take "otherAFP - 60 words
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80 1993-09-18 1 Reuter MONTEVIDEO Gatt di-rector-general Peter Sutherland, lobbying to wrap up seven years of talks on a world free-trade pact by mid-Decem-ber, sided with Latin America and accused rich countries of being indecisive. Apparently referring to France's threats to veto an EC-US pact which cuts farmReuter - 80 words
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Article, Illustration105 1993-09-18 1 Stock narkct indicts Friday Ckaac« ST1I 2.008.3* +7.67 KLSE Composite 819.60 -0.17 Nikkei 20.***** .111.11 Hang Sent dosed SET Index 991.22 +8.58 Jakarta Composite ...430.36 4 0.31 CLSA China B unav Aim All Ord 1.925.5 +22.9 FTSEI00 3.005.5 +1.6 Friday Prutwu Ipa dw Dow Jones 3.605.98 3.630.15 Exchange105 words
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Page 1 Advertisements
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Advertisement33 1993-09-18 1 Lifestyle Cover Story: el i State of the arts JR v> House owners on URA land should stay 5 years, Pg 2 Singapore garment firms pay price for flouting quota rules, Pg 233 words
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Advertisement10 1993-09-18 1 Hock Lock Siew: Pg s Lessen surprises in the market10 words
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Advertisement142 1993-09-18 1 Stock Watch els a Hwa Tat Lee: A good blm Of lasting value cessitates 162 skilful operations ways to make a watch but Rolex Bonbonn&re-shaped watch of the French \ilif Empire period (1810-1820). Both movement and decorated case show t -y the virtuosity of Geneva craftsmen. lb ULiiil A The142 words
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Advertisement6 1993-09-18 1 design: el 6,7 n Snzrn considerations6 words
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Advertisement59 1993-09-18 1 I I B Y" I j— > v m j""" 11 "!"J\. Ji fll content! I Spore Hews 2 Spore*!?*™ S.t teponai Hew 3 Fmkol 7 WorW Nnrs 4 0 EL4.5 CtaMLSt, SES 11.12 Wwwri Q. 6,7 tepon* 9 Sports 13.14 Wort* J TV/Mo ELI2 Cmmcm 7 15 SMO/Comm trturtpMw59 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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109 1993-09-18 2 FERRYLINK. the Singapore-Malaysia passenger/vehicle service, yesterday announced a new tare structure tor weekday trips between Changi Point and 1 anjung Belungkor in Malaysia. The new Ml' Tropic Chieftain will offer a 20 per cent introductory discount for return fares from Singapore for adults, students and109 words
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Article142 1993-09-18 2 THE Public Works Department is widening the Pan Island Expressway (PIE) and the interchanges where it meets the Central Expressway and Woodsvillc. As a result, it is working on the slip roads at the Whampoa Flyover and also carrying out some dismantling work for the142 words
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Article79 1993-09-18 2 LIM Boon Heng, the Minister in the Prime Minister's Office and Second Minister for Trade and Industry, yesterday urged that on-the-job training be institutionalised to upgrade the skills of the workforce. He said top management, especially those in small to medium-sized companies, lacks appreciation of79 words
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Article110 1993-09-18 2 THE Association of Muslim Professionals (AMP) yesterday said a hjgh percentage about 50 per cent of calls received on its AMP Hotline Service were regarding family problems. It has helped 250 families, including 202 children, most of them schoolgoing. through this service. The service was110 words
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369 1993-09-18 2 Soh Tiang Keng - By Soh Tiang Keng STARTING next year, sole proprietorships and partnerships will have to complete a four-line statement in their income tax forms under a simplified, time-saving format introduced by the Inland Revenue Authority of Singapore. This simple statement with each line giving369 words
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296 1993-09-18 2 Schutz Lee - Reports by Schutz Lee THE Trade Development Board has punished 10 textile and garment firms this year for flouting the rules governing the export of such products to the US. The TDB said yesterday the companies had their export296 words
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282 1993-09-18 2 SINGAPORE would benefit from a breakthrough in the long-standing battle over textile tariffs between US and Europe, alongside the phasing-out of textile export quotas by developed countries, the managing director of Heshe, Chia Shi Teck. told BT yesterday. He saw it as a move which282 words
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Article, Illustration322 1993-09-18 2 DBS BANK'S Tower Two along Shcnton Way is now 60 per cent committed ahead of its completion in the first quarter of next year. Its chairman, Ngiam Tong Dow. said at the building's top-ping-out ccrcmony yesterday that the tenant list so far includes SingaporePhoto by Chris Loh - 322 words
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228 1993-09-18 2 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE'S first polystyrene factory was officially opened yesterday by French multinational Elf Atochem at Tuas. The US$4O million (5565.2 million) plant which also houses the company's regional head office will initially produce 50.000 tonnes of polystyrene and 4.000 tonnes of228 words
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323 1993-09-18 2 DISK drive major Quantum Corp will set up a major test and customer service facility in Penang and company officials arc now working out the extent of new investment required. The move is seen as a setback to the efforts of the Economic323 words
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227 1993-09-18 2 THOSE buying a house built on land parcels sold by the Urban Redevelopment Authority should stay in it for a mandatory five-year period. This was one of the recommendations by the Government Parliamentary Committee when it made its second visit227 words
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258 1993-09-18 2 THE Singapore Labour Foundation has appointed Minister for Trade and Industry S Dhanabalan as its new ehairman to replaee outgoing chairman Ong Teng Cheong. who resigned after being elected President of Singapore last month. Mr Dhanabalan is not new to the labour258 words
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267 1993-09-18 2 JAPANESE video-game maker Sega Enterprises is expected to increase its share of the home systems market by 44 per ccnt and its share of amusement arcade machines by 83 per cent in fiscal 1997. This was announced yesterday by Wywy Group267 words
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Page 2 Advertisements
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Advertisement117 1993-09-18 2 BUSINESS TIMES 1 -800-741 -1 883 741-1298 mm I Foreign Company with a fleet of small supply/utility vessels ft I J require Technical Manager to be stationed in Jakarta, s Technical Manager/ Marine Engineer The person will be responsible for the maintenance of all vessels operated by the Company in117 words
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Advertisement7 1993-09-18 2 Sega plans out-of-this-world theme parks. Pr 67 words
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Advertisement47 1993-09-18 2 1 Such a market -fix cbo«oe jobs, -fresh €very day Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times The New Paper Lianme Zaobao Lianhe Wanbao Smin Min Daily News berita Harian Berita Minggu JT •i*rn)*pore Press Hoktinqs47 words
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THE REGION
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552 1993-09-18 3 Reuter BEIJING China is increasing controls over its real estate market to cut speculative, high-priced development projects and encourage moderate housing for workers, Construction Minister Hou Jie said yesterday. Mr Hou said two months of increased state management over real estate development hasReuter - 552 words
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222 1993-09-18 3 AFP SYDNEY The chief executive of Beijing's 2000 Olympic Games bid has threatened a retaliatory Chinese boycott of the 1996 Atlanta Olympics if Beijing's bid is thwarted by the United States Congress. Beijing bid committee chief executive Zhang Baifa, speakingAFP - 222 words
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422 1993-09-18 3 Reuter TAIPEI A dramatic credit easing by Taiwan's central bank is expected to help the economy and revitalise the battered stock market and may also aid the government in crucial elections, analysts said yesterday. In contrast to minor credit easingsReuter - 422 words
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259 1993-09-18 3 Reuter MANILA A unit of Singapore's Civil Aviation Authority was commissioned yesterday by the newly formed Asia's Emerging Dragon Corporation to put Manila's international airport on par with Singapore's Changi airport. Six Filipino-Chinese tycoons who have banded together to boost theReuter - 259 words
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242 1993-09-18 3 Reuter TOKYO Japan cannot achieve a government forecast of 3.3 per cent economic growth in the year ending March 31, 1994, Minister for International Trade and Industry Hiroshi Kumagai said. "Japan's economy would have to grow 6.6 per cent in theReuter - 242 words
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423 1993-09-18 3 AFP HONGKONG Protracted Sino-British talks over more democracy for Hongkong before China's takeover in 1997 arc heading nowhere, both sides said yesterday, as fresh hurdles to a settlement loom. British Foreign Secretary Douglas Hurd added to the tension on Thursday, by coming outAFP - 423 words
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Article, Illustration239 1993-09-18 3 TAIPEI About 600 Taiwanese protested outside Japan's unofficial embassy here yesterday, demanding that Tokyo redeem World War I bonds sold to the island's residents in the *****. The protesters, wearing headbands and chanting slogans, pasted old German currency notes onto Japanese national flags andAFP - 239 words
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248 1993-09-18 3 Helen Chang - By Helen Chang SINGAPORE Another nation has joined the bandwagon of countries hoping to attract Singapore investors. Myanmar, which has a delegation visiting Singapore now. hopes to woo investors with its rich natural resources, abundant agricultural products and basic infrastructural needs. The former248 words
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325 1993-09-18 3 Reuter, Bernama KUALA LUMPUR Brushing aside protests by Green groups, Malaysia's Energy Minister said yesterday that a giant dam project in Sarawak state will not damage wildlife or plants and is worth the US$l2 billion (SSI9 billion) price tag because of theReuter,; Bernama - 325 words
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201 1993-09-18 3 Reuter BOMBAY Two crudc bombs exploded in India's commercial capital yesterday as nearly 36.000 police and paramilitary went on alert to prevent violence at a Hindu festival that starts tomorrow, police said. A police spokesman said one bomb exploded at aReuter - 201 words
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Page 3 Advertisements
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Advertisement27 1993-09-18 3 Human rights and the 2000 Olympics. Pg 14 Pan Pacific Hotel SUII Saturday Sunday I.ooam 7.00pm HAN Of SOt OV»VON NO Of Mf iftOUtNf *J+++*G CffT*CATf NO27 words
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THE WORLD
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WORLD WATCH
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86 1993-09-18 4 UPI PARIS French farmers protesting against a proposed agreement that would cut agricultural subsidies failed for the second day on Thursday to block access to Paris. The farmers, who belong to a group called rural coordination founded last year, set up about 15UPI - 86 words
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Article, Illustration129 1993-09-18 4 Reuter LONDON Supporters of the extreme right-wing British National Party celebrating after their party won its first local council scat in a by-election yesterday in a rundown area of east London where racial tension turned violent this week. The party, considered one ofReuter - 129 words
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91 1993-09-18 4 Reuter PARIS The leaders of Israel and the Palestine Liberation Organisation yesterday won the first of an expected string of international prizes for their landmark peace agreement. The United Nations Educational, Scientific and Cultural Organisation awarded its annual Felix Houphouet-Boigny peace prize to IsraeliReuter - 91 words
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89 1993-09-18 4 Reuter PARIS The French newspaper Le Figaro said yesterday that Libya had planned to assassinate President Francois Mitterrand in 1984. The conservative daily, quoting unidentified sources, said France's secret service foiled the planned killing, due when the Socialist leader visited the Central African Republic.Reuter - 89 words
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142 1993-09-18 4 Reuter BRUSSELS The European Commission, casting for ways to protect the European Community's battered currency grid, is unlikely to support calls for a tax on capital movements, senior officials said yesterday. "Any moves towards capital controls would not have prevented what happened to theReuter - 142 words
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498 1993-09-18 4 AFP MOSCOW President Boris Yeltsin said on Thursday that he would appoint Yegor Gaidar, former prime minister and chief architect of the radical economic reforms launched in Russia 20 months ago. as first deputy premier, the news agency Itar-Tass reported. Mr YeltsinAFP - 498 words
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556 1993-09-18 4 IHT FRANKFURT Two weeks before he retires, Bundesbank president Helmut Schlesinger cast doubts on Europe's ambitious timetable for economic and political union and questioned whether it would deliver the promised dream of a stable United States of Europe. "As Bundesbank president, I have supportedIHT - 556 words
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466 1993-09-18 4 Reuter PARIS A war of words in the European Community over a pact with the United States to cut subsidised farm exports intensified yesterday ahead of important ministerial talks next week. The European Commission and France engaged in legalistic exchanges over the statusReuter - 466 words
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510 1993-09-18 4 Bloomberg Business News PARIS Bankruptcies and unemployment are likely to plague the French economy for at least one more year as the government maintains high interest rates to keep up the value of the franc, said top French economist Jean-Jacques Rosa. Official forecasts of 1.4Bloomberg Business News - 510 words
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Article, Illustration69 1993-09-18 4 Reuter LAS VEGAS A worker puts the finishing touches in plaster on a life-size replica of the Sphinx, which serves as the entrance to the Luxor Hotel and Casino in Las Vegas. The US$3OO million (***** million) project will be 30-storey high and willReuter - 69 words
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336 1993-09-18 4 Reuter MONTEVIDEO Eleven Latin American countries on Thursday accused the West of having wasted two years in the Uruguay Round of Gatt talks to free world trade. "(Industrial nations) have been more concerned about their rows and bilateral disputes than aboutReuter - 336 words
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231 1993-09-18 4 Reuter WASHINGTON The United States praised Japan on Thursday for unveiling a USSS7 billion (SS9I billion) package of measures to spur its ailing economy but said Tokyo also should cut interest rates. "It's a step in the right direction. We're hoping forReuter - 231 words
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430 1993-09-18 4 Bloomberg Business News OTTAWA A Liberal government would cut the federal deficit to between Cs2l billion (5525.4 billion) and Cs24 billion in three years, said one of the Liberal Party's chief policy strategists. Paul Martin said that whileBloomberg Business News - 430 words
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COMPANIES & MARKETS
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Article, Illustration472 1993-09-18 5 Lilian Ang - By Lilian Ang SINGAPORE Propertybased First Capital Corporation (FCC) tripled its net earnings to a record $50.11 million for the full year ended June 30, helped by the boom in the local residential property market. The group, which has been launchingSource: Bridge Info - 472 words
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237 1993-09-18 5 Claire Leow - By Claire Leow SINGAPORE Hwa Hong Corporation has formed a joint venture to buy a property in Melbourne, Victoria, for A 572.1 million (5574.9 million). Its wholly-owned subsidiary Singapore Warehouse Company has joined with five other firms to acquire a commercial237 words
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Article, Illustration236 1993-09-18 5 SINGAPORE In sharp contrast to its parent company's performance, retail-based Heshe Holdings dipped into the red with net loss of $5.18 million for the year ended June 30, against a $4.87 million profit previously. Turnover fell 0.3 per236 words
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242 1993-09-18 5 Bernama KUALA LUMPUR UMBC Moldings Sdn Bhd, a whollyowned subsidiary of Datuk Kcramat Holdings Bhd. yesterday served a notice of general offer to acquire the entire issued and paid up share capital of United Malayan Banking Corporation Bhd, other than the 200 million sharesBernama - 242 words
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571 1993-09-18 5 R Sivanithv - By R Sivanithv SINGAPORE Two weeks ago beverage group Yeo Hiap Seng (YHS) reported a 64 per cent fall in interim earnings to $1.2 million. On the day this news was published in the papers, investors reacted by feverishly571 words
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283 1993-09-18 5 R Sivanithy - By R Sivanithy SINGAPORE Diversified finance group Idris Hydraulic yesterday denied a stock market rumour that it intends to take an equity stake in the soon to be incorporated Malaysian subsidiary of Hongkong bank. Idris said this in a283 words
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296 1993-09-18 5 MBT KUALA LUMPUR Teh Soon Seng, the managing director of listed Aokam Perdana Bhd, is said to be the interested party in Grand Care Sdn Bhd's stake in Golden Plus Holdings Bhd. Golden Plus announced on Wednesday that its substantial shareholder. Grand CareMBT - 296 words
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Article137 1993-09-18 5 SINGAPORE Eltech Electronics Ltd yesterday reported flat profit at half-time and gave notice that the full-year performance will be the same as last year. Eltech reported a net profit of $2.06 million, up marginally from $2 million for the corresponding period last year. This was137 words
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Article, Illustration318 1993-09-18 5 Source: Bridge Info Performance of STII's Index stocks Sep 17 Last Sons* ladex Slock Mir Chp factor aotrrs (S) Am mo 2.030 0.010 1.44 1.85 C*C 7.400 0.150 5.23 27.78 Cerebos 5 900 0.100 4.17 18.52 FAN ***** 0.100 10.46 18.52 GFAsaa 3.120 2.21 GenMag I 080 -0.240 0.76Source: Bridge Info - 318 words
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COMPANIES
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COMPANY BRIEFS
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131 1993-09-18 6 Reuter LONDON British companies exporting goods to Iraq which are exempt from the United Nations trade embargo are to have their licences revoked by the UK government, the Financial Times newspaper said. It said British officials at the United Nations confirmed that UKReuter - 131 words
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129 1993-09-18 6 AFP MANILA THE American cargo transport firm. Federal Express, is interested in leasing space at the former US Clark Airbase in the Philippines, possibly for use as a freight terminal, officials said yesterday. The Bases Conversion and Development Authority (BCDA) said Federal ExpressAFP - 129 words
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106 1993-09-18 6 Reuter LONDON Analysts yesterday slashed annual profit forecasts for London International Group (LIG) from about £35 million (SsB6 million) to £18 million as the world's leading branded condom manufacturer issued its second profits warning in seven months and announced the early retirement of chiefReuter - 106 words
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62 1993-09-18 6 Bloomberg Business News TAIPEI The Sunrider International Corp, a Los Angeles health food concern, has opened its second factory in Taiwan, the company said. Sunrider Manufacturing Inc, a 100 per centowned subsidiary of Sunrider International, yesterday formally opened a NTSSOO million (5529.8 million)Bloomberg Business News - 62 words
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Article135 1993-09-18 6 Reuter JAKARTA General Motors Corp will set up a new Indonesian venture to assemble cars with a local Indonesian firm, the new company said. GM will own 60 per cent of PT General Motors Buana Indonesia and the rest would be held by PTReuter - 135 words
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Article418 1993-09-18 6 Mwacar*' prlcM Sep 18 20 Singapore Unit Trust The Commerce 1.49 1.56 The Savings Fund 1.41 1.48 S pore Prog Fund 0.63 0.66xd S pore Sec Fund 0.94 0.99 S'pore Invest Fund 1.10 1.16 S'pore Equity Fund 0.71 0.75 Asia Unit Trust Mai Invest Fund 1.94 2.04 Mai Prog Fund418 words
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337 1993-09-18 6 Reuter WELLINGTON New Zealand is expected to pass a new companies law next week six years after the share crash which spurred it but a key section on takeovers will not be implemented. The New Zealand share market, described byReuter - 337 words
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272 1993-09-18 6 Dexter Lee - By Dexter Lee SINGAPORE Singapore Aerospace Ltd sealed an agreement with China Merchants Holdings (Hong Kong) Co Ltd yesterday to form a 50-50 joint venture that will invest in aviation-related projects in China. The joint venture, called Singapore-China Merchants Aviation272 words
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Article, Illustration411 1993-09-18 6 Catherine Ong - From Catherine Ong in HONGKONG THE Hongkongßank group keeps its influential link to Hongkong's de facto cabinet with yesterday's appointment of Mr John Gray to succeed the bank's supremo, Mr William Purves, on the Executive Council. Mr Gray, chairman and chief executive of the411 words
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Article, Illustration459 1993-09-18 6 Reuter TOKYO When the kids are bored on Sunday, why take them to a fair with tame helter skelters and rifle ranges when they can enjoy bigger thrills piloting spacecraft and shooting enemy rockets out of the cosmos? This is not yet a reality butReuter - 459 words
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614 1993-09-18 6 Bloomberg Business News HOUSTON Two years ago, once high-flying Compaq Computer Corp was in a desperate tailspin. The'company, formerly the most successful maker of personal computer clones, had seen its record of steadily higher earnings transformed into a whopping US$7O.3 million third-quarter lossBloomberg Business News - 614 words
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196 1993-09-18 6 AFP HONGKONG Allied Group Ltd's battle against a Hongkong government probe into its affairs was delayed yesterday when a tropical storm forced the cancellation of a previously announced court hearing. The locally-listed conglomerate, target of police raids on Wednesday and Thursday, was toAFP - 196 words
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529 1993-09-18 6 Bloomberg Business News MELBOURNE Australian resources giant The Broken Hill Proprietary Co. Australia's largest listed company, said net profit in the first quarter ended Aug 31 rose 22 per cent, largely on strong performance by its steel division. The company saidBloomberg Business News - 529 words
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326 1993-09-18 6 Reuter DENVER, Colorado US West Inc said it plans to cut 9,000 jobs during the next three years, taking a US$6lO million (SS9B2 million) aftertax charge for a restructuring that reflects dramatic changes taking place in telecommunications. US West said theReuter - 326 words
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FINANCE & COMMODITIES
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412 1993-09-18 7 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Banque National dc Paris (BNP) will offer shares to its employees at a discount when the French bank launches its initial public offer soon. Jacques Wahl, president and chief operating officer of BNP, said the group's412 words
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Article, Illustration430 1993-09-18 7 DBS Weekly Currency Review US$/DM: Bears taking a breather? US$/Dm showed signs of recovery when it traded to a high of 1.6190 on Tuesday. However, renewed buying of the German marks sent the unit tumbling to a low of 1.5880 on Wednesday. Some correction430 words
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332 1993-09-18 7 Reuter TOKYO Japanese traders have welcomed the listing of Japanese government bond futures on the Singapore International Monetary Exchange. Simex president Ang Swee Tian said JGB futures would trade on Oct 1, despite protests from the Tokyo Stock Exchange (TSE).Reuter - 332 words
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355 1993-09-18 7 Bloomberg ENERGY REPORT LONDON Oil futures prices on both sides of the Atlantic rose slightly yesterday as low prices in the physical market encouraged buyers anticipating higher prices after the forthcoming Opec meeting, traders say. Demand is minimal and ample355 words
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Article, Illustration141 1993-09-18 7 THE USS moved higher against most currencies overnight on the back of better than expected US merchandise trade numbers. The USS moved a touch higher against the SS yesterday as market participants squared positions for the weekend. Purchase of USS by local cor- porations ensured141 words
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Article181 1993-09-18 7 UPI LONDON The dollar closed mixed yesterday against the main European currencies and steadied against the Japanese yen in quiet trading. Analysts said the US currency firmed slightly against the French franc on fears that American investors might pull funds out of the currency if the impasse continued betweenUPI - 181 words
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Article79 1993-09-18 7 AFP NEW YORK The dollar rose slightly early yesterday in extremely slow trading. At 9:30 am (1330 GMT), the dollar traded at 1.6120 German marks against 1.6142 hours earlier in London and 1.6035 here Thursday. Against the yen. the dollar traded at 104.35 against 104.33 in London andAFP - 79 words
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605 1993-09-18 7 Knight-Ridder TAIPEI Taiwan's stateowned oil monopoly, the Chinese Petroleum Corp, has launched a 3-year programme of internal reform and overseas expansion in a bid to gear up for competition from the private sector and pave the way for eventual privatisation.Knight-Ridder - 605 words
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Article, Illustration1488 1993-09-18 7 Trade-weighted index cakvkued against S'pore's lap 14 trading partnerj Bate year I9Sf US$/S$ forward rates Noon Sep 17 ss BU OOcr 1-month ***** ***** 2-month ***** I.S965 3-month I.594J 1.5963 6-month 1 5937 1.5957 Source: OCBC FOREIGN CURRENCY NOTE RATES At at ItM m S* 17 Singapore dollars to oac1,488 words
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COMMODITIES & FUTURES
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1486 1993-09-18 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended weaker yesterday, pressured by the release of US M-2 money supply figures which showed a sharp increase of US$l2.7 billion, traders said. Some traders said the figures gave hope for a US credit hikeReuter - 1,486 words
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Article631 1993-09-18 8 COMMODITY REPORTS Tin TIN came under panic selling ahead of the weekend yesterday to close at a new historic low of MS 11.05 a kg. traders said. "Miners fear prices would fall to below MS 11 if buyers continue to back away." said a631 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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112 1993-09-18 8 KUALA LUMPUR Malaysian coffee bean output for the Oct-Sep 1992-93 crop year should be about 8.720 tonnes, down 4 per cent from *****2's 9.085. the Federal Agriculture Marketing Authority said. Fama blamed the expected fall in output which is all for the domestic112 words
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86 1993-09-18 8 SINGAPORE Prices of Vietnam's new-crop coffee will be unavailable until mid-October when the crop emerges, traders here said yesterday. This is because traders won't know until then what effect the Association of Coffee Producing Countries' retention scheme will have. Some member-countries of the new Association86 words
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67 1993-09-18 8 WASHINGTON The US must scrap Us very high preliminary duties on steel imports which the EC so strongly opposes in the context of the General Agreement on Tariffs and Trade talks, a UK trade official said here on Thursday. William Marsden, trade minister67 words
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84 1993-09-18 8 TOKYO Indonesian national oil company Pertamina has allocated its two Japanese affiliates a total of 105.000 barrels per day of crude for October. traders said. They said 40,000 bpd of the total was the Minas grade. The Japanese affiliates had nominated, or asked to load,84 words
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Article1733 1993-09-18 8 Rubber Sep 17 HAS Commodity Exchange (futures closing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) Buyers Soilers Close Volume Open As at 12 noon cents/*.g) Month High Low Sett (tonnes) Interest RSS 2 Oct 93 129 25 130.25N Oct 93 Nov Dec 130 751,733 words
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REGIONAL STOCK MARKETS
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Article1326 1993-09-18 9 +22.9 Australian shares ended sharply higher yesterday after recent falls, buoyed by BHP's strong first quarter profit results and firmer gold stocks. BHP leapt 52 cents to AS 15.96 after reporting a 22.1 per cent rise in net profit to A 5316.1 million in the August quarter. The All1,326 words
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Article575 1993-09-18 9 20.64 Share prices hit a new record high in an across-the-board rally spurred by market leader Philippine Long Distance Telephone Co (PLDT), brokers said. PLDT rose to USS49-3/8 from USS4B-7/8 in New York. The Manila and Makati indices soared about 20 points each above their previous record highs of575 words
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Article586 1993-09-18 9 176.48 Waves of strong buying across the board pushed Taiwan stocks up to end 4.7 per cent higher in reaction to the central bank's cuts of 0.75 to one percentage point in bank reserve requirements, brokers said. The index jumped 176.48 points to finish at 3.941.49. off an intra-session586 words
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Article388 1993-09-18 9 1.95 A mild technical rebound in reaction to retreats in three straight sessions outweighed fol-low-through selling, pushing the stock market a shade firmer at the close of a day of lethargictrading. Export-driven shares such as steel, semiconductors and vehicles which benefit from the soaring yen against the dollar gained388 words
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Article278 1993-09-18 9 -23.38 The New Zealand share market slipped lower in light trade, shedding I per cent by the close. A five cent fall in market leader Telecom and weakness in the big forestry stocks combined to knock the index lower. The NZSE-40 capital index closed down 23.38 at 1,945.23278 words
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Article71 1993-09-18 9 17.15 Share prices moved up in brisk kerb deals on heavy speculative buying in pivotals triggered by unconfirmed reports that Associated Cement Cos (ACC) will make a rights offering soon, brokers said. ACC officials declined to comment, but said the company's board meeting would be held next Wednesday. The71 words
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WORLD STOCK MARKETS
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Article836 1993-09-18 9 1.6 Share prices closed mixed yesterday, well below the session's best levels, on the last day of the account which was dominated by the expiry of the spot futures position and hit by a disappointing December contract performance. The FTSE 100 index closed 1.6 points higher at 3.005.5 on836 words
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Article116 1993-09-18 9 +23.86 French shares ended more than 1 per cent higher in a mainly technical move, aided by the firmness of the franc and bond futures. The CAC-40 index finished up 23.86, or 1.15 per cent, at 2,099.50. Compared with last Friday's close the index was down 8.88 points or116 words
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Article110 1993-09-18 9 +0.51pc Swedish stocks closed higher after money and currency markets settled down and yields fell. The OMX index closed at 983.66, up 0.43 per cent, while the all-share index rose 0.51 per cent to 1,247.77 in turnover worth 1.09 billion crowns. Index heavyweights Astra and Ericsson forged ahead, with110 words
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Article205 1993-09-18 9 1.42pc The Frankfurt stock market finished the week off with a bang yesterday, as the DAX spot trend index jumped 1.42 per cent on the day to end at 1.881.99 points. Traders said the strong showing was due to technical factors, such as the expiration of options for September.205 words
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Article140 1993-09-18 9 -6.35 Belgian shares closed lower in heavy trading after a session which was dominated by basket trading linked to the expiry of September options contracts. The Bel-20 index of leading shares closed 6.35 points, or 0.49 per cent, lower at 1,301.66. Traders said they were glad the index closed140 words
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Article109 1993-09-18 9 +0.49pc Shares rebounded slightly in nervous trade after Thursday's heavy sell-off. While some brokers think the market basically touched bottom, others say it could slip further before establishing a firm base. The Mibtel index closed up 0.49 per cent at 10,350. Milan Sep 17 Ure TT MMta M i109 words
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Article258 1993-09-18 9 +0.52 Dutch shares ended mixed after a volatile session dominated by an options series expiry. An easier dollar late in the session combined with a weak tone in Wall Street to curb much of earlier gains, but the index ended above its worst and dealers reported demand for quality258 words
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Article226 1993-09-18 9 -1-5.9 The bourse finished higher in a day of see-saw trade as prices tracked the volatile movements of the dollar. The broad SPI closed 5.9 higher at 1,513.40. The blue-chip SMI rose 10.8 to 2,385.2 compared with an earlier high at 2,397.1. Zurich Sep 17 Fram Mumiissc Br MO226 words
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Article307 1993-09-18 9 -12 Gold shares see-saw to end lower after early afternoon recovery hit by gold price retraction, dealers said. They said the firmer finrand had capped any major rally in generally sluggish trade and gold's retreat o(T its highs had brought fresh selling. The gold index was 10 points down307 words
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Article286 1993-09-18 9 -10.4 Toronto stocks, led by melting metal and mineral issues, continued to slide in midday trade yesterday with a calm afternoon expected, traders said. The TSE 300 Composite Index slipped further at midday, falling 10.40 points to 3,977.66 on turnover of 38.7 million shares valued at C 5325.9 million.286 words
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Article812 1993-09-18 9 -24.87 Wall Street stocks edged lower yesterday in a sell-off triggered by early weakness in the bond market amid the volatility of triple-witching expirations. Triple witching refers to the simultaneous expiration of September stock index futures, stock index options and options on individual stocks. At I pm EDT,812 words
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Article612 1993-09-18 9 Vienna Sen 17 Wk \T\ Bank ~Pl < mwjntia "MJ 4 I lufhjtcn W' uivh Lm/in( 5 lokam M5 5 Skw-OP I 1 Vrjhj, m 10 cHvhcf M «J V> mxitxi 'MO 40 Source: Bank Austria Aktiengesellchaft Nasdaq Sep 16 TSS +7 \«lolph onr\ Brewing 2D VI I K \pplc612 words
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Article2638 1993-09-18 10 Vol Sep 17 HKS High Low (TOO) PE ASM Pacific 2.850 unch 2 *50 2 850 160 118 AWT World Transpon 1.180 -0040 1210 1.160 1440 T.2 Acme Landis 1.520 unch .9.7 AkoHldgs 1200 -0 030 1 220 1.200 712 6 7 Allied Ind Inl'l 0.760 -0 050 0.7702,638 words
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Article, Illustration2446 1993-09-18 10 Reuter TOKYO Stocks ended sharply lower on a string of negative factors yesterday, brokers said. Investors were discouraged after the government's six-trillion yen economic package failed to cheer sentiment and lift prices. The Nikkei average has plunged more than 556.75 points in two days. "What we saw this weekReuter; Source: Bridge Info - 2,446 words
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Article, Illustration1826 1993-09-18 10 Reuter BANGKOK Thai stocks rallied to close higher yesterday as the market geared up for another test of the tough psychological resistance of 1.000, brokers said. The SET index gained 8.58 points to finish at 998.22 on moderate 5.97 billion baht turnover. Winners outnumbered losers by 179 to 65.Reuter; Source: Bridge Info - 1,826 words
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Article, Illustration1008 1993-09-18 10 Reuter JAKARTA Heavy storms in Hongkong hurt trading on the Jakarta stock exchange yesterday where activity was light and prices ended mixed, brokers said. The official index gained 0.31 point to 430.36. Hongkong-based securities houses have a strong presence in Jakarta. Property counters Modern Land and llippo Land, bothReuter; Source: Bridge Info - 1,008 words
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Article, Illustration2503 1993-09-18 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE vdumt Renong Bhd 50c 44.373.000 FACB 50c 40.028.000 Idm Hyd 50c 39.632.000 Faber Group 26.221.000 Hev/a Corpn 50c 13.688.000 Sri Harlamas 12,354.000 Promct 10.556.000 Kamunling 50c 10.396.000 Metroptex 50c 9.173.000 Landmarks Bhd 8.854.000 Menang Corp 7.611.000 Sel Drcdg 50c 7.455.000Source: Bridge Info - 2,503 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5501 1993-09-18 11 Bernama KUALA LUMPUR Share prices were off highs at the close after gains made on strong speculative buying early yesterday were slashed by profit-taking activity. Restrictions imposed by some remisiers on retail players affected sentiment, dealers said. The K.LSE Composite ended at 819.60,Bernama; Source: Bridge Info - 5,501 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1138 1993-09-18 12 R Sivanithy - By R Sivanithy SINGAPORE Share prices here closed broadly higher yesterday, but it was the Malaysian merry-go-round that continued to attract the bulk of investors' attention. Led by gains in 15 of the 30 component stocks, the Straits Times Industrials Index rose 7.67Source: Bridge Info - 1,138 words
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Article, Illustration67 1993-09-18 12 Quak Hiang Whai - Quak Hiang Whai PUBLIC BANK has been consolidating since its last surge in July. Its daily RSI has drifted down to almost 25 while its weekly RSI is hovering around 50. The weekly moving average is however cutting the price line from below, which means the stock couldSOURCE: BRIDGE INFO - 67 words
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Article6869 1993-09-18 12 MAIN BOARD Cr Cr 1993 Last Vol Dav U«t Quote Do Di» YU Net M Cap High Low Com pant Sale 0000) High Low Bayer Seller CV P/E Vnil INDUSTRIAL AND COMMERCIAL 1350 260 Acma Il70cd -20 342 1180 I ISO 1160 1170 12.3 2.1 I.I 50 6 ***** 2706,869 words
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Page 5 Advertisements
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Advertisement297 1993-09-18 5 l 111 B Nows your 111 chance to pay 111 tribute to 111 flie spirit of 111 entrepreneursnip HI Cast vtjur nominations for this year's Singapore Business Awards Business Times, Singapore's business daily, and DHL Worldwide Kxpress, die leading international air expicss company, first started an awards scheme I to297 words
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Page 6 Advertisements
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Advertisement6 1993-09-18 6 Dividends table has been held over6 words
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Page 8 Advertisements
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Advertisement35 1993-09-18 8 "I deal in cameras. And linow whereto get good exposure." I" e <l b\ £°o r o Phot^raphSi ni- 41> complete u P«r v -»Urv *rl eMf accessories, Call today for results tomorrow. CA.T.S. 737-116635 words
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Advertisement34 1993-09-18 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead I Make newbusiness contacts through classification k 203 in The Classified. ca.ta 717-1 iq34 words
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Page 9 Advertisements
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Advertisement30 1993-09-18 9 X j1 I Business planning malt siapli wffljfai You've got this great idea for a business. What next? I 3 Ut Ur rBV eW 3 P ro^ram or entrepreneurs. hlh30 words
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Page 10 Advertisements
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Advertisement123 1993-09-18 10 The Hongkong stock exchange was closed yesterday as severe tropical storm Becky lashed the colony. As a result, the China market report was not available flivi R JLut your money in a box. IT'S MORE RELIABLE THAN SHARES. tradition, tkey perform beautifully every <lay {or yean on AND MORE PLEASING123 words
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Page 11 Advertisements
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Advertisement22 1993-09-18 11 All wnn mi an hrttd iiSESw C\3Pii PORT SHOTS VV 18 anC anC tranS^ > rtat on "fxwwww# r 11 Business Times fiootAßi22 words
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Page 12 Advertisements
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Advertisement145 1993-09-18 12 RwM Carrier's Scented Pasha j||l|jU| The Pasha Eau-de-Toilette is the latest men's fragrance to be launched by Cartier. JUH Created for the dynamic man, it is the embodiment of his success. Four years in the making, it has a long list of exotic and expensive ingredients with top notes of145 words
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SPORTS
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Article, Illustration615 1993-09-18 13 Golf Lancome Trophy AFP, AP SAINT-NOM-LA-BRE-TECHE, France Welshman lan Woosnam inspired Europe's golf stars to produce a timely Ryder Cup broadside at the Lancome Trophy here on Wednesday. And there was the perfect audience to pick up the message loud and clear AmericanAFP,; AP; Reuter - 615 words
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778 1993-09-18 13 NYT NEW YORK It took a while for Jerry Jones to see the handwriting on the scoreboard, and even then he had to swallow twice. But with his defending Super Bowl champions at 0-2 in the National Football League, it apparently dawnedNYT - 778 words
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Article, Illustration42 1993-09-18 13 Reuter NEW YORK American League Thursday: Boston 6 NY 4; Minnesota S Oakland 4 (in 13); Seattle 14 Kansas I. National: Colorado 6 Houston 3; Pittsburgh 10 Florida 0; Atlanta 3 Cincinnati 2 (in 12); Montreal 4 St Louis 3. ReuterReuter - 42 words
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Article, Illustration402 1993-09-18 13 Reuter Reuter Reuter TOKYO Leading second round scores in the 100 million yen ANA Open golf tournament in Sapporo yesterday (Japanese unless noted): 134 Yoshinori Kaneko 68-66, Tsuneyuki Nakajima 67-67 136 Frankie Minoza (Philippines) 72-64 137 Katsunari Takahashi 69-68 138 Kinpachi Yoshimura 68-70 140 Hajime Meshiai 72-68, Yoshitaka YamamotoReuter - 402 words
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Article, Illustration91 1993-09-18 13 AFP AFP HONGKONG US$lOO,OOO Digital Women's Open 2nd round Thursday (x denotes seed): Caroline Kuhlman (US x 7) b Monique Javer (GB) 6-3 6-2; Marianne Werdel (US x 3) b Emanuela Brusati (Ita) 6-1 6-2; Debbie Graham (US x 4) b Kristin Godridge (Aus) 6-3 6-2; Michelle Jaggard-Lai (AusxB)AFP - 91 words
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SIDE LINES
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Article100 1993-09-18 13 AP TWINSBURG. Ohio A high school student pulled off a rare feat during a practice round a hole-in-one using a putter. Ryan Procop, 17, of Twinsburg scored the hole-in-one on the (151-me-tre) 15th hole at Glen Eagles Golf Club during practice with two ofAP - 100 words
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Article81 1993-09-18 13 Reuter DALLAS US Ryder Cup stalwart Lanny Wadkins on Thursday put to rest rumours that he would be forced to miss next week's Ryder Cup because of a back injury that kept him out of the Canadian Open. "I'm fine. I'm playing," said Wadkins, 43. "IReuter - 81 words
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Article88 1993-09-18 13 Reuter IRVING, Texas The Super Bowl champion Dallas Cowboys made two-time National Football League rushing leader Emmitt Smith the highest-paid running back in the NFL on Thursday, ending his hold-out. The terms of the deal were not disclosed, but it was believed to be worth US$l3.6Reuter - 88 words
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Article96 1993-09-18 13 Reuter DOHA The Gulf state of Qatar has submitted a USS4O million (5563.6 million) bid to become the first country in the Middle East to host a Formula One grand prix. Officials said on Thursday the Qatar Motor Sports Club (QMSC) had been looking into theReuter - 96 words
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Article105 1993-09-18 13 AFP MINNEAPOLIS, Minnesota Dave Winfield singled in the ninth inning off Oakland's Dennis Eckersley on Thursday to become the 19th baseball player in history to make 3,000 career hits. Winfield's single to left field in his fourth at-bat of the night drove in a run. When he reachedAFP - 105 words
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Article1377 1993-09-18 13 a& nm m no no *km MmW GA929 1120 MillHl SQ228 2120 kmmm RJ187 0135 AmtordMM GA891 1335 GA890 0001 KL837 1445 KL838 2310 SQ323 1555 SQ324 0105 SQ347 1735 HmtU mi NZ21 1820 NZ22 1935 SQ288 2030 lalrati GF148 0905 IMBtpm BI421 1105 SQ182 09151,377 words
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1051 1993-09-18 14 Stephen Wilson - It's showdown time. Stephen Wilson wonders which city will get the Games next Thursday Stephen Wilson AP MONTE CARLO. Monaco With the racc for the Olympics of the year 2000 down to a final sprint, the contest has been stirred up by a highlychargedAP - 1,051 words
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Page 13 Advertisements
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Advertisement64 1993-09-18 13 mVIMMNT BusinessEmes/KENWOOD GOLFING TIPS t ki By BRETT BRASIER Nearly everyone needs professional golfer to slowdown their swing Fully Qualified Member Of 5.P.G.A.S at times. Dip in Golf Management For a consistently paced action, try counting 1 -2-3 to the top of the backswing 4-5-6 down through impact and up64 words
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SHIPS IN PORT
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Article524 1993-09-18 14 VmwH Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Marina Wh Aung Su Yu Bat am Baru Batam Murm Batam Sayang Batammdo 2 0*i Guna Htainhlair W Mahkota Eip Shwe Su Py* Syahputra Thanakut Trti Ada M Ana* Rartau Batam S«eed4 Batammdo 1 Mahkota524 words
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Article1922 1993-09-18 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS MP Vo i No Containers avaiabk Ship Voy No Containers available Kota Pusaka PUS15W >099 0715 Petopor 1098 COOtEST) *****3 2300 Kantfw 48E ,099 0745 laru Bhum 92N COO(EST) *****3 2300 Nor Susan 9335 3 ,099 0835 Mont Blanc M 25/0021,922 words
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Page 14 Miscellaneous
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Miscellaneous350 1993-09-18 14 1 CRYPTIC CROSSWORD n in Kent (9) YESTERDAY'S SOLUTION ruiiubj 14 Guy that will only frighten one bird? (9) PpLM£MOp9HKOKxp| 2 One with a lot to say when u n jq Ue like an empty box £JII2J^i2WLJ^IIJ hunter loses his head (6) of firelighters (9) HcP, WcHtBiBuBmII! 3E u enth350 words
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REGIONAL FOCUS
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Article, Illustration1056 1993-09-18 15 Nirmal Ghosh - Interview with Atal Behari Vajpayee, India's main Opposition leader Reports by Nirmal Ghosh SINGAPORE "We have supported the economic reforms initiated by Prime Minister Narasimha Rao's government. In fact, these reforms should have been launched a long time ago." Reassuring words from none otherPhoto by Arthur Lee - 1,056 words
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Article848 1993-09-18 15 SINGAPORE With a political landscape regularly rocked by corruption scandals in recent years. India is fast approaching a turning point. Local elections in four crucial states, scheduled to be completed by mid-December, could afTect the future standing of the minority Congress I government, whose prime848 words
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Page 15 Advertisements
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Advertisement20 1993-09-18 15 CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. SINGAPORE f Business Times WE KNOW ABA20 words
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Advertisement23 1993-09-18 15 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 "It was plain sailing selling my cabin cnrisec" flB/ sJJJJ Call today for results tomorrow. 737-116623 words
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Advertisement369 1993-09-18 15 OFFICIAL NOTICE We. TRANSWORLD MARINE LIMITED of No. 1 Benoi Road Singapore 2262, hereby give notice that in consequence of intended purchase of "CARDIFF PROSPECT*, we have applied to the Registrar Of Singapore Ships, under Section 386 of the Merchant Shaping Act (Chapter 179) in respect of the ship "CARDIFF369 words
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443 1993-09-18 16 AFP TOKYO The cabinet of Prime Minister Morihiro Hosokawa on Friday adopted a set of four bills aimed at clcansing corruption from Japanese politics. It said it would try to pass them through parliament by the end of the year. The bills call for:AFP - 443 words
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480 1993-09-18 16 AP WASHINGTON The United States is concerned that China may be getting ready to detonate a nuclear weapon at its remote testing site in Xinjiang province. If China does conduct an underground nuclear test, it could undermine the 15-monthAP - 480 words
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266 1993-09-18 16 Reuter BANGKOK The Bank of I hailand cut its discount rate vesterday b> one percentage point to 9 per cent. Bank officials said the cut. the second this >ear. Has aimed at bringing commercial bank rates down. Bank Governor Yijit Supinit »asReuter - 266 words
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501 1993-09-18 16 AFP STUTTGART The Daim-ler-Benz group, revealing a loss of 949 million marks (***** million) in the first half of 1993 against a profit of 965 million marks for the same period last year, said yesterday it planned to shed 40,000 jobs this yearAFP - 501 words
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239 1993-09-18 16 Bloomberg Business News STUTTGART Germany's Daimler-Benz AG wants to recruit foreign executives to its management board as part of its strategy to become a "global player", chief executive Edzard Reuter said yesterday. "Globalisation also means internationalising our management," Mr ReuterBloomberg Business News - 239 words
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260 1993-09-18 16 Bloomberg Business New KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad has renewed his criticism of Rupert Murdoch, saying he remains troubled by the media magnate's global influence, the New Straits Times and Malaysian Business Times said. "1 still worry about Rupert MurdochBloomberg Business New - 260 words
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366 1993-09-18 16 Reuter HELSINKI Economic growth in the OECD area is tentatively expected to be around one per cent in 1993 and 2.25 per cent in 1994, based on a partial update of a forecast published in July. This would represent a downwardReuter - 366 words
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Article, Illustration237 1993-09-18 16 AP LONDON Australian Prime Minister Paul Keating said yesterday that most Australians no longer want Queen Elizabeth II as their head of state. "It is not because our a flections for Great Britain are reduced. or the friendship be- tweenAP; Reuter - 237 words
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412 1993-09-18 16 UPI LONDON British Prime Minister John Major has lost public support for much of his political agenda, a new poll showed yesterday, and his growing weakness tuelled an increasingly bitter spat with the man he ousted last year as the architect ofUPI - 412 words
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148 1993-09-18 16 AFP TOKYO Japan's supreme defence policy board gave the green light yesterday to a 4.73 trillion yen (5571.8 billion) defence budget request for the year starting next April, officials said. The fiscal 1994 budget, approved by the seven-member security council headedAFP - 148 words
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129 1993-09-18 16 Knight-Ridder MILAN Conditions are right for a progressive recovery of the German economy in 1994. said German Finance Minister Theo Waigel. "The conditions for a turnaround of the economic situation have improved and in 1994. we will see a progressive improvement." he told Italy'sKnight-Ridder - 129 words
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Page 16 Advertisements
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Advertisement0 1993-09-18 16 {;<:<+;~{:;`>,\:@`&</?/'*@]&;$*0 words
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Executive Lifestyle
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Article, Illustration1556 1993-09-18 17 Jaime Ee,Schutz Lee - The Art vs Art conference was an occasion for amicable conflict and valuable insights, report Jaime Ee and Schutz Lee Jaime Ee,Schutz Lee THEY threw brickbats at each other. Some were emotional, some were pensive. Some looked ready to eat up anyone in their field ofIllustration by Ben Cruz - 1,556 words
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STRAWS IN THE WIND
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Article62 1993-09-18 17 IT WAS an ofTer he couldn't refuse: A telecommunications company sent a reporter an application form last week, offering him a complimentary $100 phone card redeemable on Sin-gapore-US phone calls. It sounded like a perfect bribe, except that the form stated specifically that he had to apply before62 words
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Article53 1993-09-18 17 A FATHER went to see Jurassic Park and went home and told his four-year-old daughter that she would have been scared if she had seen it, because "dinosaurs eat people in the movie". The child looked at her father seriously and said, "You mean there are dinosaurs in53 words
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Article37 1993-09-18 17 SOMEONE went on a tour of Universal Studios in Los Angeles and visited the site where the movie Psycho was filmed. Guess what the road leading up to Norman Bates Hotel was called? Psycho Path.37 words
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Article39 1993-09-18 17 HOUSING agents are more creative these days, even resorting to poetry as in this classified ad: "Properties are like melons, shall 1 tell you why? To find a good one you must one hundred try." Say what?39 words
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OPINIONS
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Article, Illustration932 1993-09-18 18 Neville Stack - Neville Stack lauds the growing awareness at the BBC that news need not be overwhelmingly negative Neville Stack The writer is a i K-based journalist who contributed this commentary to BT THERE ARE no absolute rules about "news". Ever since printing was invented, somebody932 words
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Article, Illustration717 1993-09-18 18 John Helmer - John Helmer discusses the problems of responsible reporting in Moscow and prejudices that foreign correspondents must shed John Helmer The writer is BT's Moscow correspondent THERE was a foreign press panel in Moscow recently, convened by Russians, to pass judgment on the quality of Russian television news.717 words
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590 1993-09-18 18 Shriniwas Rai - LETTERS TO THE EDITOR Shriniwas Rai THE Prime Minister is concerned about the quality of Members of Parliament. His concerns are valid, but we need not change the qualifications required of an MP. We should introduce other measures that will strengthen the policymaking role of590 words
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239 1993-09-18 18 Chua Cheh Hiang - Chua Cheh Hiang Assistant Director (Public Relations) For Permanent Secretary Ministry of Communications I REFER to the article, "Volatile COE prices due to inefficiency" (BT. Sep 11/12). by Mr LH Kwck. The government fixes the supply of COEs. Car buyers determine the demand. COE239 words
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Article172 1993-09-18 18 Boey Keng Chew - Boey Keng Chew Assistant Manager CPF Board WE REFER to Mr Fang Chin Thyc's letter. "Peg the CPF Minimum Sum to age" (BT. Sep 4/5). CPF is essentially an old-age savings scheme. Investing CPF savings in securities and gold may cam higher returns hut there172 words
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442 1993-09-18 18 Lisa Ng - Lisa Ng Vice-president Corporate C ommunications ERA Realt> Network Pte Ltd WE REFER to the article. "New separate laws expected for real estate agents, valuers". (BT, Sep 11/12). That article quoted our managing director Harry Chua as saying the company trained its stafT mainly442 words
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PROFILE
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Article, Illustration3599 1993-09-18 19 John Walsh - Cannibalism, nudity, blasphemy and dismembered babies Peter Greenaway's cinematic imagination sometimes resembles an art seminar in a charnel house. John Walsh meets the director who often sends his audiences fleeing John Walsh WHEN in 1989 Peter Greenaway's fifth feature film. The Cook, The Thief, His Wife And3,599 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration60 1993-09-18 20 Those polled on their view of the Singapore stock market for the week ahead: Alliance Securities. Baring Securities. CrosbySecurities. Daiwa Securities. DBS Asset Management. Kay Hian James Capel. Kim Eng Securities. Morgan Grenfell Asia Securities. OCBC Securities. Ong Company, Peregrine Securities. Phillip Securities. Smith \ewNo of respondents - 60 words
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Article202 1993-09-18 20 Daiwa Securities (Sep 17) Cerebos. After outperforming for much of 1993, Cerebos has recently begun to underperform the STI Index. Deriving much of its income from Australia, the chance of a further weakening of the AS is rather slim and a rebound will have a positive effect on the202 words
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Article, Illustration118 1993-09-18 20 Swiss Bank Corporation Under-valued situations are now scarce and buyers may start finding difficulties justifying premiums at this stage of the bull run. The market may consolidate for a period of re-assessment of earnings prospects and valuations. Our longer-term view that there is still considerableSource: Bridge Info - 118 words
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Article, Illustration348 1993-09-18 20 Gerald Yip - Gerald Yip Gerald Yip, CFA Senior lecturer Nanyang Technological University A former fund manager. Mr Yip currently teaches investment courses at the NTU mproved fundamenI tals, the reason often .A. cited by brokers, could not be the primary cause for the market's tremendous surge this year. While348 words
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Article, Illustration888 1993-09-18 20 Agnes Chen - Agnes Chen finds out how he picks stocks with high-octane potential Agnes Chen WHAT drives the price of a stock like Acma from S2 to $13? For that matter, how do you explain the rise and rise of Goldtron, First Capital Corp, TRI.Source: Bloomberg; Source: Gartmore Indosuez Group - 888 words
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950 1993-09-18 20 R Sivanithy - R Sivanithy explains some methods used by companies to raise additional capital for expansion R Sivanithy WHEN a company needs additional capital for expansion, it usually raises money by either issuing new shares or borrowing. The most common method when a950 words
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Article, Illustration514 1993-09-18 20 Chew Eng Han - CH ART By Chew Eng Han The writer is assistant manager of investments with NTI'C Income SENTIMENT in the local stock market is complacently bullish. Calls for arbitrary upside targets for the Straits Times Industrials Index (STII) like 2.200, 2.300 or even514 words
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Article, Illustration1000 1993-09-18 21 Ven Sreenivasan - By Ven Sreenivasan DESPITE being an unknown highend furniture maker, Hwa Tat Lee's share issue should be well received by retail investors and punters aiming for a quick trading profit. However, institutional investors may not get much play on this small issue counter.1,000 words
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Article, Illustration910 1993-09-18 21 Franchising is fast becoming a means of business expansion for the entrepreneur. Ernst Young Management Consultancy Services explains the methods and the benefits PREVIOUSLY, when we spoke of franchising in Singapore, we thought of Mac Donald's, Burger King or Kentucky Fried Chicken. The tables are now910 words
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859 1993-09-18 21 Next publication date: Oct 16 1993 Deposit amount l-wk l-mth 3-mth 6-mth Amex Bank cs SS5.000- USS20.000 ***** 2.6250 3 <J625 3.2500 Above US$150,000 3.3750 3.3750 3.8125 4 0000 ECl Below US$5,000 0.0000 0 0000 0.0000 0.0000 Above859 words
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Article, Illustration635 1993-09-18 22 SUSAN TSANG - Cinema Review By SUSAN TSANG WE'VE SEEN TV stars who want to go into films. Now, with Hollywood generally bereft of new ideas, the studios often look to the goggle-box for ideas. It seemed inevitable therefore that The Fugitive would run onto the big screen. The film635 words
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Article, Illustration520 1993-09-18 22 AUDREY TAN - By AUDREY TAN EVER READ those stories in the tabloids about women giving birth to two-headed fishes and men claiming to have seen UFOs? Well, one such story got itself made into a film. Mike (Robert Patrick) and Travis (DB Sweeney) are two of six loggers unlucky enough520 words
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Article, Illustration1673 1993-09-18 22 Julie Heath - There's more to furnishing an office than filling it with fancy furniture. Julie Heath looks at designs with workers in mind Julie Heath The writer is a freelance journalist who contributed this article to Executive Lifestyle OFFICE design goes well beyond styling. It is about creating workspaces that1,673 words
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Article, Illustration696 1993-09-18 23 R SIVANITHY - CD Review By R SIVANITHY LYNYRD SKYNYRD: The Last Rebel If it ain't broke, then don't fix it, or so the saying goes. In its latest offering, Skynyrd has opted to keep to the trademark hard rocking Southern sound that had ensured it a696 words
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HEALTH & FITNESS
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HEALTH Notes
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93 1993-09-18 24 ANOTHER chance to get into the macrobiotic swing of things comes this way with a two-day seminar and workshop by Adelbcrt Nelisscn. Mr Nelissen is the director and founder of the Kushi Institute of Northern Europe, and has been teaching macrobiotics for over two decades.93 words
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155 1993-09-18 24 NYT TWO REPORTS within the last year on breast cancer and diet have provided discouraging news for women who work hard to keep their fat consumption down. Neither study showed a correlation between the level of fat consumption and the incidence of breast cancer.NYT - 155 words
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Article89 1993-09-18 24 Men's Health IF YOU'RE a manic depressive with perpetual blues, you might like to take note of this: doctors have found that depression seems to compound the effects of smoking and high blood cholesterol. Depressed men who smoked, for example, had nearly triple the thickening of theMen's Health - 89 words
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Article138 1993-09-18 24 Men's Health YOUR knuckles are hairy and so are your toes. "Ape" was your nickname in school and while you're going bald, your whiskers are still tougher than steel wool. Sounds like you've got more than your fair share of the male hormone. But that's notMen's Health - 138 words
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82 1993-09-18 24 Men's Fitness THE AIR in your car may be even more polluted than the stufT outside. According to environmental organisation Greenpeace, dangerously high levels of carbon monoxide, nitrogen dioxide and benzene can easily build up inside your vehicle. In one study, levels of benzene,Men's Fitness - 82 words
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Article, Illustration1039 1993-09-18 24 Jane Brody - But you increase your risk of developing breast cancer. Jane Brody reports Jane Brody NYT THE JANUS faces of alcohol have emerged once more, this time throwing health-conscious women into what could be a life-and-death quandary. Should they drink to protectNYT - 1,039 words
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PEOPLE
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Article, Illustration175 1993-09-18 24 TEXAS Instruments appointed their first Singaporean managing director recently. Goh Geok Ling, a T1 veteran of 23 years, now overseas all TP business in Singapore. At a cocktail reception attended by 150 guests held last week. Mr Goh said that he will focus on customer satisfaction,175 words
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Article, Illustration200 1993-09-18 24 BOATBUILDER Kvaerner Fjellstrand (S) delivered the seeond of two catamarans built for Hongkong Ferry (Holdings) earlier this month in true nautical fashion. Guests were treated to a christening ceremony with the traditional smashing of a bottle of champagne against the ship's hull. Those who had their appetitesPhotos by Chris Ix>h and Arthur Lee - 200 words
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TIME OFF
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Article, Illustration761 1993-09-18 25 Shahiron Sahari - Shahiron Sahari was pleasantly surprised when he dropped in at an Indian music lounge Shahiron Sahari TAJ Music Lounge used to be located at Syed Alwi Road which, according to them then, was ideal because it was right in the heart of Little India.761 words
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Article622 1993-09-18 25 Shahiron Sahari - Shahiron Sahari discovers a place for those who prefer more nostalgic music Shahiron Sahari THE BAND is called Hard Attack and the place is Subway at Plaza Hotel. Walking in, we heard the million and tenth version of Stairway to Heaven and it was,622 words
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Article218 1993-09-18 25 Cabaret The Stage Club's production of this Broadway musical set in the 1930s about the love affair between an Englishman and a cabaret singer in Nazi Germany featuring the lyrics and music of John Kander and Fred Ebb. Sep 22 to 26. Bpm at the Drama Centre. Tickets at218 words
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Article, Illustration281 1993-09-18 25 Alive and Kicking Local group Kick! performs live, yes. with a 5-piece backing band. Featuring their hits Freedom (in Me) and Jane. Today, 12.30 am at the Hard Rock Cafe. Normal entry charges apply. The Animal Affair A fund-raising dinner and dance not unlike last year s bash which281 words
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Article98 1993-09-18 25 The Blue Planet Produced with help from Nasa, this film takes you on a trip to space where the Earth seems suspended in a limitless void. With footage charting the planet's physical changes, we see how natural catastrophes have devas- tated life here. Too bad Man is intent on98 words
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Article610 1993-09-18 25 Blue and White Porcelain Tianminkxi Collection The world's most comprehensive collection of Chinese blue and white porcelain art from the Tianminlou Foundation. On at the Empress Place Museum. 9am to 6.30pm daily. Admission at 56 for adults and $3 for children 12 years and below. Breaking Through610 words
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Article151 1993-09-18 25 A Night Under the Skies A concert by local composer and singer Mark Chan, noted for his last release China Blue. His music is a blend of modern technique and traditional Asian elements. Sep 23 to 25. 9pm at the Garden. Tickets at $8 from the Substation151 words
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Article207 1993-09-18 25 Christopher Toh - Compiled by Christopher Toh The Sentosa Music Festival Rick Price, Jimmy Barnes and Bon Jovi will hit town in this two-night fling, sharing the stage with Singaporean bands AWOL and Opposition Party. Oct I and 2 at Sentosa. Tickets (valid for both nights) at $75 and $120 are available207 words
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EPICURE
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Article, Illustration705 1993-09-18 26 SUSAN TSANG - Bon Appetit By SUSAN TSANG MOVENPICK's new outlet at Boat Quay, which opened at the beginning of this month, caters primarily to the busy office set. This can be seen in the somewhat restricted menu on offer; it also changes every week, to give regulars some variety.705 words
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Article, Illustration572 1993-09-18 26 SHAHIRON SAHARI - By SHAHIRON SAHARI GOOD Indonesian food may not cost the earth, but that doesn't mean it comes cheap, considering the vast variety of cuisines one can get in Singapore. That has always been my impression anyway. But according to many Indonesian food aficionados, Indonesian food represents572 words
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Article, Illustration791 1993-09-18 26 N K YONG - Wine By N K YONG "ANGELO Gaja e numero uno in Italia," said Bartolo Mascarcllo. the master of traditional Barolo. Gaja's fame internationally is now well established, and his wines ranked with the Finest in the world. Along the way he also acquired the unjustified reputation of791 words
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Article, Illustration1030 1993-09-18 28 Boxing Helena. Jennifer Lynch's bizarre directing debut about a brilliant surgeon who's so obsessed with a woman that he cuts off her limbs. Julian Sands is the simpering boy-man and Sherilyn Fenn is the limbless wonder Helena. Hollywood: I; 3.30; 7; 9.15 Cop And A Half. Burt Reynolds' disgruntled1,030 words
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Page 17 Advertisements
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Advertisement174 1993-09-18 17 a n 0 24-hour "Loan Information Service Approval 1800 334 3588 1800 334 3688 Available exduwvetv SIN CAPO RE.: Burterm Mam Shop: 415 Orchard Road. 4S/44. Wisma Atria. Singapore 0923 Tel: 733 71 IS 191 Orchard Road, *0110 Takashimaya Shopping Centre. Singapore 0923. Tel 735 1283 Bur Vim Shop-l»Sho P174 words
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Page 18 Advertisements
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Advertisement26 1993-09-18 18 HI welcomes letters from >ou. Ilease address them to: I he tditor. Business limes. VNt Kim SenR Rd. !s'pore 0923. letters should iiK'lude >our contact numbers.26 words
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Page 18 Miscellaneous
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Miscellaneous70 1993-09-18 18 j C£fVZ>/. I VCOML-7 seoj Q»TL£. 2 OMJLN/ CoLUHS j Weee P* U<EJ£X: PMSO \r^ SG£v\Ce J TN/PIHG PRO™ g MOOJ P>£e VCVJ Jl v v*>e.™>JG J (Jr> pSr p-vni LlFfe ftS ft-rpvipg ygfc' SOO< y yW&T)fPI'JG gOL^| DOONESBURY GARRY TRUDEAU S i mrsl' 4 /52MS2™: SSfrS^^SSrL- SHIFT IN UMV&SnVFOUC/70 words
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Page 20 Advertisements
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Advertisement12 1993-09-18 20 BROCHURES PTE LTD 227 3138 Call For Dorcen, Karen, Muralee or Lawrcncc.12 words
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Page 23 Advertisements
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Advertisement222 1993-09-18 23 1 12 i a i■ ii s*® 3m j' 1 ui Rffl »j| x _v. M^--xi? aa ijj^k.i^ijLMiflbdflfliHj^BHff-^^^di^tffltfH > j A jV^'Ux'^nLbt\3P^f'jWr YJ ~+J^£, r -< *Bs*r Kt<3a^l9rvw' BRINGING LUXURY LIVING TO THE BUSINESS HEART OF SHANGHAI S 0 -'^Jt Washington Palace is a luxurious and Trade Zone, is in222 words
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Page 24 Advertisements
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Page 25 Advertisements
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Advertisement161 1993-09-18 25 Heard The Whisper? (\_Good Times! Fine Food! CV Cher^ ing uantan f) Great EACH! Bright AfovE! u£J VWDays filled with sun The flourish and /talian Swimming LcSS tha nC h Uf fr m K h 1. Live music nightly. themed cuisine. 7*hc l air and beautiful waters Airport transfer and161 words
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Page 26 Advertisements
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Advertisement90 1993-09-18 26 TOPS IN HOME DELIVERY... Find more listings on homes, apartments and condos! TOPS IN WHEELS... New and used cars, trucks and vans. TOPS IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, services, holidays, course training and much more! The Straits Times Classified delivers! Looking to find90 words
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Advertisement212 1993-09-18 26 H UROPA CHANG! .VILLAGE JL earty meals served in the Beer Garden with a cosy pub and 2 of the best bands awaiting you for your entertainment! RESERVATION HOTLINE 225 6636 10am- 6pm (Mon-Fri) EUROPA CHANGI VILLAGE Bik 5. chanp va* ro*j 101-2001 Tet 542 5617 OV\V 9> OVERSEAS? You212 words
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Advertisement12 1993-09-18 26 To advertise your APPOINTMENTS NOTICE ADS CALL OUR SALES SERVICE Toll-free® 1-800-741-188312 words
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Page 27 Advertisements
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Advertisement886 1993-09-18 27 Nothing Beats A BudL WHERE to wine, dine and entertain OK HK sMoonlinht 1-30 September 1993 Taste delicious homemade mooncakes at Hua Ting Chinese Restaurant. For orders call 734 7766 ext 1350. liOtus Seed Paste Mini Mooncake (4 pieces) (8 pieces) Plain $22 Yolk cream filling $18 Single yolk $24886 words
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Advertisement325 1993-09-18 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. —.I.Jf To add to your enjoyment, DlflCJ all these are well within your reach. RESTAURANT Sfc«^ o zm Orchard325 words
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Page 28 Miscellaneous
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Miscellaneous2337 1993-09-18 28 TODAY'S TV IHHfTTJTTTTTVHH MIT iTM TP iWm 2.00 Drama PiHhan(M). HBImUSIH -,>< *N 1 300 National Si Tanggang, 3.30pm. SBC 5 Dinosaurs, 12.30pm, SBC 5 1 53Q Ar 1 0U n d th€ WorW in 80 Janggang leaves home Life in Pangean Hills, Dino2lo ft *j*VjjpAffltßl Dreams. search of a2,337 words
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