The Business Times, 16 October 1993
1993-10-16
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The Business Times
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Title Section16 1993-10-16 1 Business Times Wl:; KNOW ASIA Mi l A (P) 552/12/92 Weekend Edition, October 16-17 1993 75«16 words
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Article, Illustration560 1993-10-16 1 Catherine Ong - From Catherine Ong in HONGKONG A WILD bull rampage at the Hongkong stock market, helped largely by frantic buying of Hongkong Telecom shares, fuelled the biggest sin-gle-day surge in the Hang Seng Index yesterday. The widely-watched market barometer closed at a record highSource: Bloomberg - 560 words
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Article, Illustration411 1993-10-16 1 Corinne Kerk - By Corinne Kerk SINGAPORE Three dollars. A Business Times straw poll showed yesterday this is the most popular bidding price chosen by Singaporean investors for Singapore Telecom's Group C shares now on offer. Chosen by 38 out of a total 123 respondents (30.9Compiled by BT - 411 words
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Article, Illustration127 1993-10-16 1 Reuter CUPERTINO, California Apple Computer said yesterday that John Sculley (above), who earlier this year relinquished his position as chief executive of the personal computer company, has resigned as chairman. A C Markkula has been elected Apple's new chairman, the company said. Mr Markkula, 51,Reuter - 127 words
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540 1993-10-16 1 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR ABDUL GHAFAR BABA, Malaysia's longest serving politician, has stepped down as Deputy Prime Minister. Confirming a BT report, Prime Minister Mahathir Mohamad said he was informed of the deputy premier's decision yesterday. "Yes, he has resigned540 words
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Article, Illustration358 1993-10-16 1 R Sivanithy - By R Sivanithy SINGAPORE The bull stampede continued in the region's stock markets yesterday with five of them setting new records. In Singapore, strong buying across the board saw the Straits Times Industrials Index smashing the 2,100 barrier to close atSource: Bloomberg - 358 words
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2am LATEST
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60 1993-10-16 1 Reuter GENEVA The European Community said yesterday it would offer deeper industrial tariff" cuts in global trade talks next week and hoped its move would give new momentum to the troubled Uruguay Round. The announcement of the offer came at a meeting of seniorReuter - 60 words
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Article60 1993-10-16 1 AFP MOSCOW Former Russian vice-president Alexander Rutskoi and former speaker of parliament Ruslan Khasbulatov have been charged with "organising mass disorder," Interfax news agency reported yesterday. The offence carries a prison sentence of between two and 15 years. Former security minister Viktor Barannikov was also chargedAFP - 60 words
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88 1993-10-16 1 Bloomberg Business News DETROIT Ford Motor Co and the United Auto Workers have settled their dispute over the car maker's company-wide vacation plan. On Wednesday, the union cancelled a ceremony to sign the national agreement reached last month just two hours before itBloomberg Business News - 88 words
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MARKET SUMMARY
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Article165 1993-10-16 1 Reuter NEW YORK Stocks were higher at mid-day yesterday, as tame inflation, record-low interest rates and higher earnings gave the market a lift. The Dow Jones Industrial Average was up 13.69 points at Ipm EDT to 3,635.32, with gains outpacing losers by nearly a 2-1 margin.Reuter - 165 words
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Page 1 Advertisements
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Advertisement13 1993-10-16 1 BT"-- VBHH BWI Analysts expect end to rising Japanese trade surplus, Back Page13 words
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Advertisement9 1993-10-16 1 Lifestyle Cover Story el i Singapore restaurants in Cambodia9 words
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Advertisement20 1993-10-16 1 Hock Guthrie smka favourite The market power of a misquote. Back Page Day-by-day guide to the Telecom offer, EL 420 words
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Advertisement320 1993-10-16 1 Stock Watch: el s Ifflon Int'l: Foundations for expansion Travel Notes EL 6, 7 A passage to Mughal India HISTORY IN TIME Planetarium Copernicus. Handmade in IBct gold, individually numbered, sapphire crystal, water resistant to JO m. Shockproof. Lady Newton. Automatic with power reserve, small second and date indicator. I320 words
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Advertisement46 1993-10-16 1 <• S# ;v 33# CONTENTS S por» News 1 S porttfoa 4.6 Report* Nm 3 Fnanori 7 Wortd IS Martots rißlin Ob/WSL SES 11.12 *mwt ELi.7 fHht S Sports 13,14 Cwtwkw 7 TV'Kad* ELI2 Smk/Commo I S«>»cr>pti«ii \4 1*»7W577 Fa *****7S BT Editorial Tel *****18 Fa *****7146 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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37 1993-10-16 2 SINGAPORE and South Africa have agreed to establish diplomatic relations at ambassadorial level with effect this month. The move is aimed at strengthening and developing friendly relations between the two countries.37 words
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Article34 1993-10-16 2 ISRAELI Prime Minister Yitzhak Rabin arrived in Singapore from Indonesia yesterday for a two-day visit. He will meet Prime Minister Goh Chok Tong and Senior Minister Lee Kuan Yew.34 words
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Article63 1993-10-16 2 THE Petrochemical Corporation of Singapore (PCS) yesterday said that the extent of the damage to its Pulau Ayer Merbau complex, which caught fire on Wednesday, has yet to be ascertained. A PCS spokesman said fire broke out because some furnaces at its ethylene plant were damaged63 words
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Article, Illustration136 1993-10-16 2 MATSUSHITA Refrigeration Industries (Maris), the largest refrigerant compressor plant in the world, celebrated its 20th Anniversary in Singapore yesterday. Guest of honour S Dhanabalan, the Trade and Industry Minister (above), noted that the factory, the first of eight in Singapore, started with an initial investment of136 words
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Article70 1993-10-16 2 LIU Zhongde, China's Minister for Culture, will be in Singapore for a four-day visit from today. He is here at the invitation of BG George Yeo, the Minister for Information and the Arts. During the visit, Mr Liu will call on Prime Minister Goh Chok Tong70 words
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104 1993-10-16 2 DBS Bank said yesterday that its main office at Shenton Way Branch would extend operation hours for applications of new CPF investment accounts up to spm today. This is in addition to extended banking hours of up to 3pm on Saturdays at 12 of104 words
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61 1993-10-16 2 THE Design Centre, a division of the Trade Development Board, is organising its second furniture design clinic which will be held from October 19-25. The clinic is the second in a series which the centre plans to organise over the next few years. The clinics61 words
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298 1993-10-16 2 Joyce Quek - By Joyce Quek VERTEX Asia Ltd. a venture capital fund jointly sponsored by Singapore Technologies Ventures and Overseas Union Bank, has hit 90 per cent of its target to date, two days before its Oct 18 close. Vertex Management, the fund298 words
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379 1993-10-16 2 Vikram Khanna - From Vikram Khanna in HONGKONG THE triangular relationship between the United States, Japan and China is emerging as the main focus of Asia-Pacific international relations in the 1990s and beyond, says Singapore Foreign Minister Wong Kan Seng. Mr Wong was speaking on379 words
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414 1993-10-16 2 Sylvia Wong - By Sylvia Wong THE Hiap Hoe group, known in Singapore for its bowling alley Hougang Superbowl and the construction of the NTUC Pasir Ris resort, has won the tender to build a food village on Sentosa island. It followed414 words
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Article, Illustration285 1993-10-16 2 ARTHUR LEE - for a four-litre pack. Text and picture by ARTHUR LEE ARTHUR LEE THIS star attraction at the Shell Ultra Show at the International Merchandise Mart arrived in town just two days ago. Like a nice cup of cofTee. the Suzuki Cappuccino takes a little285 words
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315 1993-10-16 2 A J Leow - By A J Leow THE Ministry of Trade and Industry (MTI) urged local suppliers and retailers yesterday to start monitoring demand of goods before the Good and Services Tax (GST) takes effect next April. It would be in their interest to pre-empt315 words
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Page 2 Advertisements
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Advertisement40 1993-10-16 2 r Plea.se mail/fax/telephone to: ZB~! Customer Relations Section i Circulation DepartmentsPH Ltd, A«9f«irW*±R& I f d ?Sj?7^ Sl^744«>7s Your monthly subscription fee will be collected by the *l*Rt9 BIR*» BBS! JS7&I-j ,d,>r j nw+Dßii«.»ffl*it*i6*-«±*)*jiea «t Address: ~vr Tel: D i40 words
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Advertisement92 1993-10-16 2 STRATEGICAL AND OPERATIONAL MANAGEMENT IN EUROPE by experienced local commercial manager. For trade industry, on consumer, business industrial markets, on free-lance, full-time or project basis. Pis. contact: Mr. Henk Otten, P.O. Box 99, NL-1230 AB LOOSDRECHT, The Netherlands, Phone: *****-2158 *****, Fax: 2158 ***** You may have been unable to92 words
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THE REGION
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400 1993-10-16 3 Knight-Ridder. Reuter TOKYO Japanese Finanec Minister Hirohisa Fujii said on Friday that the risk of the Japanese economy falling into a double-dip recession was small. However, Mr Fujii. speaking to reporters after a regular Cabinet meeting, warned that the economy was "atKnight-Ridder.; Reuter - 400 words
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321 1993-10-16 3 AFP TOKYO Japan's Prime Minister Morihiro Hosokawa yesterday denied news reports that Japan and the United States were nearing an agreement to lift Japan's virtual ban on rice imports. "It is absolutely untrue. Our stance has not changed," Mr Hosokawa told reporters. His remarksAFP - 321 words
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470 1993-10-16 3 KnightRidder. Reuter Tokyo The average salary increase in Japan in the next fiscal year will likely be the lowest on record because of the recession, private analysts say. The raise during spring wage negotiations, where salary increases in JapanKnight-Ridder.; Reuter - 470 words
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ASIA NOTES
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77 1993-10-16 3 AFP TAIPEI Taiwan's foreign exchange reserves have expanded again after two months of shrinkage, to reach U5583.72 billion (SSI 31.4 billion) at the end of August, the Central Bank of China said yesterday. The bank attributed the increase to widened exports buoyed by appreciation ofAFP - 77 words
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41 1993-10-16 3 Reuter CANBERRA Two key Green party senators said they would oppose the federal government's latest compromise tax proposal on wine sales, throwing the package part of the government's 1993/94 budget into doubt again. ReuterReuter - 41 words
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96 1993-10-16 3 AP TOKYO Senior ofTicials from nine Asian countries will meet in Tokyo from Oct 25-27 for a seminar on controlling exports of items that could have military applications. The seminar is intended to help industrialising countries develop systems to control exports of productsAP - 96 words
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91 1993-10-16 3 Reuter SYDNEY The New South Wales government, embroiled in controversy over the cost of staging the 2000 Sydney Olympics, had been warned by its Treasury that the games are unaflordable, documents released on Thursday showed. The Treasury also warned that expccted costs could put theReuter - 91 words
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84 1993-10-16 3 AFP DARWIN Police are to begin an investigation after regional politician and former football champion Maurice Rioli admitted pawning parliamentary goods to feed a gambling addiction. Rioli, 36. made the admission at a media conference on Thursday at which Northern Territory opposition leader Brian Ede saidAFP - 84 words
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285 1993-10-16 3 Maggie Ford - From Maggie Ford in JAKARTA AN Indonesian army commander has admitted responsibility for the deaths of four demonstrators on the island of Madura last month and has promised that military officers involved in the shooting will be punished. Gen Feisal Tanjung said285 words
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215 1993-10-16 3 AFP SYDNEY Australia's 100,000-strong Malaysian and Singaporean community has strongly endorsed proposals to make this country a republic, saying the move would tighten links with Asia and generate a sense of enthusiasm among business people. "We see the republic issue asAFP - 215 words
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Article, Illustration271 1993-10-16 3 James Michener - From James Michener in VIENTIANE THE OFFICIAL opening next April of the USS3O million (SS47 million) Friendship Bridge over the Mekong is a blessing for trade between Thailand and Laos. Though not yet open to traffic, the bridge is ready. For the first time in recorded history aboutReuter - 271 words
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Article, Illustration506 1993-10-16 3 Reuter BEIJING When they took power in 1949, the Communists believed controlling the country meant controlling China's grain supply. Four decades later, confident at last there is enough to feed the people and that the transport system can deliver it to them, they haveReuter - 506 words
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298 1993-10-16 3 Bernama KUALA LUMPUR Twen-ty-four local small and medi-um-scale industries (SMI) have been identified to tie the knot with potential European partners for joint ventures in the aerospace industry. Federation of Malaysian Manufacturers (FMM) deputy executive director Lee Cheng Suan said yesterday. "TheyBernama - 298 words
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335 1993-10-16 3 AFP BANGKOK Several Thai banks are ready to take control of the Bangkok Expressway Co Ltd (BECL). which is on the brink of bankruptcy following a contractual row with the government over the Thai capital's new motorway, according to a newspaperAFP - 335 words
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Page 4 Advertisements
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Advertisement414 1993-10-16 4 A NEW SHARE ISSUE FINANCING SCHEME FOR CITIBANK CUSTOMERS THAT TACKLES THE PROBLEM OF FINDING FAST CASH, HEAD ON. ■P^. J/t' WB&Sm j&Mf >j/\ v j "tPMM /If MYm^BmF/t<9®tfr^yvlur AJjßySg;*• ;&;«&■<£- v iilSf S^IH Jml ■<■ vIH^ v ffijjfif/ f 'fjntL V va tv<l v yflS 9 m&rf SGbmZ a.yg-m|BP414 words
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COMPANIES & MARKETS
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611 1993-10-16 5 Joyce Quek - By Joyce Quek SINGAPORE Baring Securities has topped Asiamoney's poll of Asia's top 20 stockbrokers for the third year running. but three Singapore brokers G K Goh, Kim Eng Securities and Morgan Grenfell Asia (MGA) had mixed results. Homegrown dark horse611 words
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438 1993-10-16 5 William Chia - By William Chia SINGAPORE Trading and property group Amcol Holdings Ltd has become the first Singapore company to acquire and operate a power plant in the province of Guangdong. China. Deputy managing director Tang Siu Shing told reporters at a press conference yesterday438 words
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186 1993-10-16 5 SINGAPORE Hongkonglisted CDL Hotels International (CDL Hotels) has formed a subsidiary to tap the related entertainment market in the region. CDL Entertainment and Leisure Pte Ltd. the new whol-ly-owned subsidiary, will "carry on any business of entertainment promoters, sports promoters, artists' managers and personal representatives186 words
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180 1993-10-16 5 A J Leow - By A J Leow SINGAPORE Twelve of DBS Land's 14 Ashley Green exclusive bungalows including the most expensive units have been snapped up barely two weeks after its launch. At least 100 potential buy- ers were reported to have indicated their interest180 words
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804 1993-10-16 5 Lee Han Shih - Bv Lee Han Shih SINGAPORE "The most active stock last week was Guthrie GTS warrants, with 75 million units traded and prices soared 79 per cent from 24.5 ccnts to 44 cents. Gurthrie shares were the second on the active list, rising 54 per804 words
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368 1993-10-16 5 Conrad Raj - By Conrad Raj SINGAPORE Looks like the property fever has finally caught up with Singapore Bus Service (1978) Ltd. the larger of the Republic's two main bus companies. The company has just formed a wholly-owned subsidiary here called Singbus Land Pte Ltd to368 words
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362 1993-10-16 5 Lilian Ang - By Lilian Ang SINGAPORE Listed City Developments (CityDev), along with its affiliate Hong Leong Holdings, and the Japanese Mitsui group, are reviving a decade-old proposal to build a hotel and retail complex along Cuscaden Road. The move, which will362 words
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Article, Illustration344 1993-10-16 5 Source: Bridge Info Performance of STII's Index stocks Oct 15 Last Index Slock sak < h«e (actor «oim (S) <$» S Awmo 1.920 0.020 1 29 0.81 (&< 8400 0 100 564 406 I CTCtXH 7.000 0450 4 70 18.26 FAN IS 100 0 >00 10.15 20 28 (iFSource: Bridge Info - 344 words
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COMPANIES
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COMPANY BRIEFS
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39 1993-10-16 6 SINGAPORE Edward Cheng Wai Sun. a substantial shareholder of Wing Tai Holdings, sold 6.67 million shares in the company for 524 million on Oct 7. The sale was made through Wing Sun Development.39 words
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71 1993-10-16 6 Reuter KUALA LUMPUR Berjaya Singer Bhd. a unit of Berjaya Group Bhd, said it agreed to acquire stakes in two firms for total cash of M 533.7 million. It will acquire an 80 per cent stake in Coswav (M) Sdn Bhd for M 530.4Reuter - 71 words
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54 1993-10-16 6 Bernama KUALA LUMPUR Menang Corporation (M) Bhd said that its wholly-owned subsidiary, Menang Equities (M) Sdn Bhd. has disposed of 5.9 million MSI shares, representing 9.82 per cent of the issued and paid-up capital of Samanda. for M 538.35 million or at an average priceBernama - 54 words
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52 1993-10-16 6 SINGAPORE GK Goh Holdings said yesterday its 85 per cent owned subsidiary, PT G K Goh Ometraco, has appointed Michael EC Chambers as its president director. Mr Chambers, who joined the company last year, will assume overall responsibility for the management and operations of the52 words
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Article28 1993-10-16 6 SINGAPORE The Singapore stock exchange said yesterday it has introduced eight more City Developments stock options. Trading in them will start on Monday.28 words
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Article34 1993-10-16 6 SINGAPORE Fuji Offset Plates Manufacturing said yesterday that it has received in-principle approval from the Singapore stock exchange for its placement of 3.63 million shares at 55 cents apiece.34 words
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194 1993-10-16 6 Bernama KUALA LUMPUR SIG Holdings Bhd expects two of its three projects in China to get off the ground in the middle of next year, chairman Ismail Hashim said yesterday. Two of the projects are its 20 per cent equityBernama - 194 words
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387 1993-10-16 6 Pilot scheme likely to start in December Reuter HONGKONG The Stock Exchange of Hongkong is ready to allow short selling as related regulations have been approved recently and a sixmonth pilot scheme is likely to start in December, a senior official said. "WeReuter - 387 words
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411 1993-10-16 6 Genevieve Cua - By Genevieve Cua SINGAPORE British Telecom. one of the first utilities in the UK to be floated, was instrumental in helping to create a widespread base of shareowners in the UK. company officials said yesterday. They were sharing with Singapore journalists their company's411 words
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140 1993-10-16 6 MBT KUALA LUMPUR The Registrar of Companies has postponed the prosecution of a managing director of a company which is listed on the Kuala Lumpur Stock Exchange second board to Oct 20 following an appeal from the defendant. Sources from ROC saidMBT - 140 words
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Article, Illustration301 1993-10-16 6 Bernama KUALA LUMPUR Contrary to recent media speculation. Perwaja Steel Sdn Bhd denied that it was planning to go for an immediate public listing, managing director Eric Chia said yesterday. Any plans for a public listing would only beBernama - 301 words
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Article482 1993-10-16 6 UNIT TRUSTS FUNDS ManaferV prices (X"I 16 18 Singapore Unit Trust The Commerce 1.59 1.67 The Savings Fund I 44 I.$6 Spore Prog Fund OM UM«d S'pore Sec Fund 0% I 01 S'pore ln«cM Fund I 12 I II S pore Equity Fund 0 '6 0.80 Asia Unit Trust Mai482 words
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286 1993-10-16 6 AFP BOMBAY Indian stock markets were paralysed for a third straight day yesterday as brokers continued their boycott to protest a ban on trading in shares tainted by a major securities scandal. G B Desai. president of the Bombay Stock Exchange (BSE),AFP - 286 words
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248 1993-10-16 6 Reuter HONGKONG Guoco Group Ltd said the listing process of its subsidiaries Dao Heng Bank Group is already well underway and is expected to be completed by the end of 1993. subject to market conditions. "The convertible preference shares which wereReuter - 248 words
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181 1993-10-16 6 Bloomberg Business News HONGKONG The Hongkong government will complete the sale of the Overseas Trust Bank (OTB) to investment and financial services company Guoco Group yesterday, a government spokeswoman said. It may also reveal the final price of the transaction, sheBloomberg Business News - 181 words
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Article811 1993-10-16 6 Payment Ex Books Pay <%) date close date Aetna 7.5 Srp 22 Oct 4 Oct 18 AMDB 50* b 3 Sep 14 Sep 28 Oct 27 Bedford 50* F 2.5 Nov 3 Nov 17 Dec 8 BMT $10(100) F 100 Nov II Nov 23 Nov 25 Boustead 50*811 words
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FINANCE & COMMODITIES
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196 1993-10-16 7 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Swiss interest rates will ease in the very near future, according to a Swiss senior central banker. Jean Zwahlen, a board member of Swiss National Bank, said while rates were already low in Switzerland, there was still room for196 words
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Article, Illustration423 1993-10-16 7 DBS Weekly Currency Review Bears still elusive USS/DM dipped sharply on Friday last week to close at 1.6045. confirming a bearish triangle pattern with objective at 1.5625. Despite the bearish signals, the unit was traded from 1.5910 to 1.6052 in the early part of this week.423 words
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279 1993-10-16 7 Reuter NEW YORK J P Morgan Co, the United States* fourthlargest bank, said on Thursday its earnings soared 46 per cent in the third quarter, while several regional banking companies reported record earnings for the period. Morgan's performance was bolstered by trading foreignReuter - 279 words
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268 1993-10-16 7 Reuter TAIPEI Overseas bond issues by Taiwanese companies are expected to increase substantially after the government's casing of restrictions on capital flows into the island, analysts and company officials said on Thursday. Taiwan's central bank announced on Wednesday that it would allowReuter - 268 words
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445 1993-10-16 7 ENERGY REPORT Reuter LONDON World oil prices traded little changed yesterday compared with a week ago, extending a period of relative stability sincc Opec introduced a new agreement to curb cxccss supply on Oct I. London December futures for the benchmark Brent BlendReuter - 445 words
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Article, Illustration1633 1993-10-16 7 Iratle-neifhtal injev .ahtiltilfJ jfaimi S pore 's top 14 iradmx pannm Ba year 1955 US$/S$ forward rates Noon Oct 15 Bid Offer 1 -month I.$662 ***** 2-month I 5651 ***** 3-month 1.5643 1.5658 6-month 1 5627 1.5647 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m m Oct 15 Siagapore1,633 words
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Article, Illustration102 1993-10-16 7 THE USS/majors moved higher towards the weekend on technical shortcovering ahead of economic data out of US on Friday. The USS/SS market saw demand for USS from morning trade. The USS crept higher through the day. having maintained a very biddish tone. Commercial sales of102 words
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Article186 1993-10-16 7 LONDON The dollar was looking soggy by the end of the week in Europe after a batch of US statistics failed to give it another much-needed boost, analysts said. The dollar had drifled back to 1.6130/40 marks by 1515 GMT from a 1.6200 high and after jumping from a186 words
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Article83 1993-10-16 7 Reuter NEW YORK The dollar was unmoved on US economic data after opening firmer against the mark and easier versus the yen yesterday. The dollar opened at 1.6170/75 marks and 107.10/20 yen from 1.6125/30 and 107.40/50 at Thursday's US close. Thereafter, the dollar drifled. Dealers said the widerReuter - 83 words
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COMMODITIES & FUTURES
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1431 1993-10-16 8 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rate futures ended firmer yesterday bolstered by encouraging fundamentals and speculative interest. After holding against an initial bout of profit-taking when the Nik-kei-225 cash index firmed, the contract edged steadily higher underpinned by bullish outlook in bonds, dealersReuter - 1,431 words
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Article615 1993-10-16 8 COMMODITY REPORTS Tin TIN rose 10 sen to close at a six-week high of MS 12.00 a kg after news that output at Brazil's biggest tin mine may be further reduced by 10 per cent, traders said. Despite a lower London market overnight, the615 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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88 1993-10-16 8 TOKYO Japanese trade house dealers said spinning mills here have shown only light interest in cotton imports since New York futures started to move lower this week. South Korean and Southeast Asian interest has also remained very light, said traders in Osaka and Seoul. Some88 words
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79 1993-10-16 8 NEW DELHI The state-run Hindustan Copper Ltd produced 12.805 tonnes of copper cathode in April-June, up from the company's target of 11,450 tonnes, a government statement said. The latest government statistics show that output in the first quarter of the April 1993-March 1994 fiscal year79 words
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Article90 1993-10-16 8 KUALA LUMPUR Malaysia's palm oil exports in September were 537.262 tonnes, compared with 515.690 a month earlier, the Palm Oil Registration and Licensing Authority said yesterday. Exports in September 1992 were 510.392 tonnes. Palm kernel oil exports in September were 62.541 tonnes, up from90 words
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78 1993-10-16 8 SYDNEY Australia could become the world's largest sugar exporter this season, according to a major grower organisation. Cane growers general manager lan Ballantyne said Cuba may lose its position as the number one exporter due to climatic and financial difficulties. He said the international-ly-renowned78 words
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Article1725 1993-10-16 8 Rubber cx-t 15 MS Commodity Exchange (futures closing as at lpm) RSS 1 Contract (S cents/kg) ("lose Volume Open Month High Low Sett (tonnes) Interest Nov 93 OOO (TOO 128.75 0 650 Dcc 129.50 128.75 129.25 1550 3.500 Jan 94 129 50 129 00 129 50 500 41,725 words
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REGIONAL STOCK MARKETS
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Article1217 1993-10-16 9 12.1 AN industrial sector surge, sparked by News Corp. lifted the Australian bourse to further gains in moderate end-week trade yesterday. The key indicator, the All Ordinaries, finished 12.1 points firmer at 2.074.1. representing a gain of 48 points over the week. News Corp surged to a record high1,217 words
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Article616 1993-10-16 9 +38.5 Share prices closed stronger for the fifth day in a row. fuelled by gains in the Philippine Long Distance Telephone Co (PLDT). dealers said. The Manila index soared about 38 points while Makati rose around 30 points. PLDT shares gained 65 pesos to 1.815 in Manila after posting616 words
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Article481 1993-10-16 9 10.4 Taiwan stocks closed slightly up on late bargain-hunting after early losses triggered by news that a session ol parliament had rejected a motion to cut the stock transaction tax on Thursday. brokers said. The index, which opened 33 points down, ended 10.4 points up at 4.025.27. Turnover remained481 words
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Article435 1993-10-16 9 -3.1 Stocks closed lower in a day of sluggish trading volume, with profit-taking in large manufacturing and financial shares eclipsing an early six-point advance, brokers said. Thev forecast the consolida- tion phase would continue next week with the index hovering between 730 and 750. The composite stock index shed435 words
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Article325 1993-10-16 9 12.33 The NZSE-40 capital index came back in afternoon trading after hitting a four-year high as demand for the driving stock. Telecom, eased. The index reached 2.083.98. its highest since November 1989. before falling back to 2.072.55. up 12.33. Demand for Telecom was fuelled by the Bell Atlantic325 words
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WORLD STOCK MARKETS
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Article931 1993-10-16 9 Britannia Funds Sterling Cash Bid Offer M.m ap Dcposil 3*6400 M 6500 Mim ictvy Gill 0.1891 0 IW2 Mim Max Incomc *1 0400 *1 0000 I SS Cask liktmc PIim Fund 101)00 II 4100 PS$ Revrte Fund 5 2200 5 2300 Sterling F<juir\ Euro Performance 04W 0 443* Far EM931 words
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Article614 1993-10-16 9 +34.5 UK shares rose 34.5 points, or 1.12 per cent, to a record close of 3.120.8 on the FTSE 100 index of leading shares. The index earlier hit an intra-dav trading high of 3,126.7. Traders said the market was driven by continued US buying interest and renewed talk of614 words
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Article122 1993-10-16 9 +25.38 French shares finished with buoyant prices, underpinned by a positive bond market and expectations of easing in rates, traders said. A weak franc was expected to result in an eventual easing and investors were loading up equities. The CAC-40 index ended 25.38 points up, or 1.20 per cent,122 words
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Article240 1993-10-16 9 +24.96 Germany's 30-share DAX index ended trading at a new closing high and dealers said the prospects were good for further gains next week. Stability shown in the market this week when on two occasions the market corrected slightly downward but no major wave of profit-taking was triggered gave240 words
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Article167 1993-10-16 9 +8.15 Belgian stocks hit a record high as the tumbling franc boosted export prospects for Belgian companies and amid expectations that interest rates will fall, analysts said. The Bel-20 index rose 8.15 index points, or by 0.6 per cent, to 1.370.86. breaking the previous record closing level of 1.365.70167 words
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Article176 1993-10-16 9 199 Italian stocks gained as investment funds returned to the market for the first day of the new account, traders said. Purchases made on the first day of the new account don't have to be settled for another month. With Italian lending rates in double digits, getting a month176 words
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Article256 1993-10-16 9 12.13 A strong dollar and easier interest rates helped Swiss shares to a record close for the sixth consecutive day. Dealers said shares rose across the board as more money was shifted from the money market to the bourse. Industrials rose most, helped by a firm dollar. Sandoz was256 words
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Article329 1993-10-16 9 Gold shares extended declines through the day to end substantially weaker as investors steered clear of the market ahead of the weekend and commercial rand strength and bullion weakness took their toll. Dealers said the market had been hit by the rand's recent rally against the dollar. which thev329 words
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Article416 1993-10-16 9 +20.56 Stocks soared to in early trading yesterday buo>ed by gains in most sectors after setting a new closing high on Thursday, dealers said. The TSE 300 composite index jumped 20.56 points to 4.165.52 in early trading on volume of 6.2 million shares valued at C 588.5 million. The416 words
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Article864 1993-10-16 9 13.69 Stocks were higher at midday yesterday, as tame inflation. record-low interest rates and higher earnings gave the market a lift. The Dow Jones Industrial Average was up 13.69 points at 1 pm EDT to 3.635.32. with gains outpacing losers by nearly a 2-1 margin. Volume a strong864 words
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Article, Illustration3126 1993-10-16 10 Reuter HONGKONG Hongkong's share market staged a spectacular rally yesterday as foreign buying accelerated recent gains, brokers said. The blue chip Hang Seng index ended at a record close of 8.763.98 points, up 351.58 points or 4.18 per cent. It hit an all-time high in afternoon trading of 8,777.14.Reuter; Source: Bridge Info - 3,126 words
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Article, Illustration532 1993-10-16 10 TURNOVER on the Shanghai B market continued to drop yesterday with the CLSA Shanghai B index ending 2.29 points up to 822.84. Jinqiao. which had been actively traded since the beginning of this week closed 1.92 per cent or US$O.Ol lower to be the worst performer. Tyre and Rubber532 words
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Article, Illustration2514 1993-10-16 10 Reuter TOKYO Stocks ended modestly firmer but off the day's highs in relatively active trade yesterday. Expectations that public pension and insurance funds would provide firm support on the downside cheered sentiment, and investors chased after blue-chip and incentive backed issues. "Merger talks between two US telecommunication firms triggeredReuter; Source: Bridge Info - 2,514 words
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Article, Illustration1823 1993-10-16 10 Reuter BANGKOK Investors turned out in force to buy Thai property stocks yesterday, which out-performed all other sectors throughout the day. pushing the SET index to close at a record high, brokers said. The index jumped 17.36 points to close at 1.154.95. breaking its previous record of 1,143.78 setReuter; Source: Bridge Info - 1,823 words
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Article, Illustration1087 1993-10-16 10 Reuter JAKARTA Share prices closed firmer in active trading, dealers said. The official index closed 0.89 point higher at 454.84. "Rumours that foreign ownership might be raised later this month died down. Players believed the current 49 per cent limit will stay for sometime." one dealer said. Dharmala Intiland.Reuter; Source: Bridge Info - 1,087 words
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Article, Illustration2799 1993-10-16 11 Source: Bridge Info MOST ACTIVE volume Prompt 2fc.3J6.000 I-jber (>roup I14BJH Kjmunling HV 8.141.000 V,u I\k Ld MX. 7.280DII0 Metropif* HK 7.017 000 FA( B SOC 6.8<M.OOO Kcnong Bhd 3.IIMW CASH 50c 4.9IMOO Ind (H>gcn 50t 4.*****0 ■dm Htd 50c 4.028.000 \MDB MV I.M2JM Bcna>a leisure 3.045.000 Multi-l*urpi*«<:Source: Bridge Info - 2,799 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5595 1993-10-16 11 Source: Bridge Info INDICES TURNOVER Close Previous (hange K.LSE Composite 927.46 ***** +8 4} NST Industrial 4909 68 4872.22 +37 46 NST Finance 7366 44 7164 48 201% NST Properties 1837.90 1867 26 -29.36 NST Mining 2050.06 1998 19 51.87 I urnour I "000) Total volume 554.185 731.509 177.324 TotalSource: Bridge Info - 5,595 words
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240 1993-10-16 11 Bernama KUALA LUMPUR Strong support for selective component stocks pushed the benchmark Composite Index to a new all-time high of 937.70 yesterday despite profit-taking in speculative counters. The index, however, closed off at 927.46. 8.43 points above the previous record close andBernama - 240 words
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STOCK EXCHANGE OF SINGAPORE
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Article7420 1993-10-16 12 I MAIN BOARD Gr Or 1993 Last Vol Day Last Quote D» Di> Md Net M C ap High Low Company Sale COOO) High Low Buver Seller S (>r S P/K Soiil INDUSTRIAL AND COMMERCIAL 1350 260 t Acma 1170 +90 559 1190 1080 1160 1170 12.5 2.1 LI 50.67,420 words
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Article, Illustration1158 1993-10-16 12 R Sivanithy - By R Sivanithy SINGAPORE The stock market yesterday set its fifth consecutive record for the week, with the Straits Times Industrials Index climbing another 35 points. The index stormed past the 2.100 barrier easily to finish 35 points higher at 2.112.95 onSource: Bridge Info - 1,158 words
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Article, Illustration70 1993-10-16 12 Quak Hiang Whai - HOT STOCK Quak Hiang Whai CITY Developments appears to have traded out of the S6-S7 band. This has brought its daily and weekly RSIs and stochastics into the heavily over-bought region. Daily and weekly MACDs are also showing toppish signals. which means the stock now has limited upsideSOURCE: BRIDGE INFO - 70 words
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Page 5 Advertisements
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Advertisement183 1993-10-16 5 Bide Ike tall with Business Times Wti KNOW ASIA The market's booming. Are you making some hard questions about the most of it? companies in the news. And in Hot Stock, You will if you read Business Times, we zero in on the counters about to make Singapore's only business183 words
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Page 6 Advertisements
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Advertisement194 1993-10-16 6 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 COCO PREMIUM GIFTS PTF. LTD i MEMBERS VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Scction 308 (2) of the Companies Act. Cap 50 that the FINAL MEETING of the Members of the abovenamed company will he held at $85 North194 words
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Advertisement286 1993-10-16 6 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 IN THE MATTER OF SINO-SINGA GROWTH COMPANY PR IV ATE LIMITED tin Members' Voluntary I iqutdatiom AT an Extraordinary General Meeting of the members o4 SINO-SINGA GROWTH COMPANY PRIVATE LIMITED duly convened and held at 116 Bt Merah Central. #21-3763 Singapore286 words
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Advertisement154 1993-10-16 6 IN THE MATTER OF THE COMPANIES ACT. CAP. SO ANO IN THE MATTER Of SL MA TSUSHIMA CONSTRUCTION PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Ad. Cap 50 that the Final Meeting of Members of the Company will be held154 words
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Page 7 Advertisements
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Advertisement79 1993-10-16 7 p• r"- S5:■ v 5 y > [y.--*<*. -r -;\%f<» y& 5. Tins announcement appears as a matter of record only KUOK (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) 5550,000,000 FLOATING RATE NOTES DUE 1998 Lead Manager KEPPEL BANK OE SINGAPORE LIMITED Managers CS FIRST BOSTON (SINGAPORE) LIMITED LTCB79 words
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Page 8 Advertisements
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Advertisement432 1993-10-16 8 BUSINESS TIMES TOLL-FREE TEL No. 1600-741 1833 FAX:7<I 1298 STAMFORD TYRES CORPORATION LIMITED (Incorporated in the Republic of Singapore) Registered Office: 21-A Lok Yang Way, Jurong, Singapore 2262 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of the shareholders of Company will be432 words
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Advertisement36 1993-10-16 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead Make new business contacts through classification 203 in The JL V Straits Times Classified. ca.ta |737-ll«|36 words
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Page 9 Advertisements
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Advertisement24 1993-10-16 9 t here was no trading at the Bombay Stock Exchange (BSE) for the third consecutive day yesterday. REGIONAL ANALYSIS Every Wednesday in Business Times24 words
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Page 10 Advertisements
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Advertisement147 1993-10-16 10 Cartier's Antique Exhibition \|l With an enduring tradition in fine craftsmanship and creativity spanning some sS&v '50 years, Cartier now has an exhibition of some 28 exquisite rare and precious antique objects in Singapore for a short duration and are showcased at the new Cartier Boutique in Ngee Ann City147 words
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Page 11 Advertisements
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Advertisement15 1993-10-16 11 The morning after INFORMATICS '93 The revamped show aimed for focus, quality. Did it work?15 words
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Page 12 Advertisements
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Advertisement145 1993-10-16 12 Cartier's Antique Exhibition V With an enduring tradition in fine craftsmanship and creativity spanning some >P 150 years, Cartier now has an exhibition of some 28 exquisite rare and precious antique objects in Singapore for a short duration and are showcased at the new Cartier Boutique in Ngee Ann City145 words
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SPORTS
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Article, Illustration944 1993-10-16 13 Alfred Dunhill Cup Golf AP. AFP. Reuter ST ANDREWS, Scotland Paraguay, who downed home nation Scotland 2-1 on Thursday, gave the US trio of John Daly, Payne Stewart and Fred Couples a fright yesterday before the Americans rallied to win 2-1 in the US$l.5 millionAP.; AFP.; Reuter - 944 words
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450 1993-10-16 13 World Series AFP TORONTO, Ontario All they have in common is success. The Toronto Blue Jays and Philadelphia Phillies took opposite paths to this year's World Series. Order, discipline and precision have put the Blue Jays in position to win a second straightAFP - 450 words
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519 1993-10-16 13 Reuter LONDON A new-look All Black squad flies into Britain on Monday to begin their 13match rugby union tour of England and Scotland wary of a dangerous pack of Lions with numerous scores to settle. It is only 15 weeks since New ZealandReuter - 519 words
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SPORT SHORTS
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Article, Illustration13 1993-10-16 13 Reuter NEW VORk NKL Thursday: Atlanta 30 LA Rams 24. ReutcrReuter - 13 words
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Article, Illustration150 1993-10-16 13 AFP AP PHOKNIX, Arizona Charles Barklcy. the undisputed star of the NBA utter Michael Jordan's departure. said on Thursday he is "99.9 per cent sure" this will be his final season Barkley. 30. wants to end his carcer on a high, and said he would liave retired last yearAFP; AP - 150 words
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Article, Illustration68 1993-10-16 13 COLORADO SPRINGS, CoiorMto US/*. Boxing will start registering female amateur boxers to fight in sanctioned bouts nationwide. The organisation said rules for women boxers would be the same as for men. except for some changes in uniform, equipment and the required physical examination. USA Eioxing said the plan would68 words
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Article, Illustration65 1993-10-16 13 Reuter LONDON Challenger Nigel Short tlrew the 17th game of nis Londor. world title challenge on Thursday against champion Garry Kasparov who now leads the 24game series 11 points to six. Kasparov had built up a threatening position after a tranquil opening, but eventually was pressed for time andReuter - 65 words
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Article, Illustration135 1993-10-16 13 Reuter AFP AFP lOKYO Asahi Beer tournament leading second round scores yesterday (Japanese unless stated): 135 Masashi Ozaki 68 67 136 Naomichi Ozaki 70 66, David Ishii (US) 68 68 137 Katsunari Takahashi 69 68. Tsukasa Watanabe 68 69. Hiroya Kamide 68 69. Masahiro Kuramoto 68 69. Also: 143Reuter; AFP - 135 words
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Article, Illustration31 1993-10-16 13 Reuter NEW YORK NHL Thursday: Florida 5 Ottawa 4; Tampa Bay 3 Pittsburgh 2; Hartford 6 Chicago 2; LA 4 Edmonton 4 (OT); Calgary 2 San Jose I. ReuterReuter - 31 words
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Article, Illustration119 1993-10-16 13 AFP AFP CARDIFF Former Australian wing lan Williams wins his first cap for Japan in the rugby union international against Wales here today. But there is no place for Tupo Faamasino, who appeared for Western Samoa against the Welsh in 1988. His place goes to Eiji Kutsuki. AFP LONDONAFP - 119 words
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Article, Illustration114 1993-10-16 13 AFP DOHA, Qatar Japan and Saudi Arabia drew 0-0 in the second match of Asia's final World Cup qualifying tournament here yesterday. In the earlier opening. North Korea came from two goals down to beat Iraq 3-2. Iraqi centre-for-ward Alaa Jebur scored a goal at the start of eachAFP - 114 words
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Article, Illustration138 1993-10-16 13 AP AFP PONTIC VEDRA BLACH, Florida Pete Sampras, the world's No I ranked player, said on Thursday only an injury or mental fatigue would keep hi'm from playing for new Davis Cup captain Tom Gullikson. "I'm leaning strongly towards playing." he said. "Only if I'm hurt or am physicallyAP; AFP - 138 words
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Article, Illustration844 1993-10-16 14 George Vecsey - George Vecsey laments the court decision on Guenter Parche, the man who knifed Monica Seles George Vecsey NYT A LITTLE local baseball tournament is about to be held in Toronto and Philadelphia for the next week or so. They call it the WorldNYT - 844 words
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Article1315 1993-10-16 13 a$ n» eta nw rre Meialde SQ227 2230 kmmm RJ182 1440 Amsterdam SQ319 0715 KL838 0020 KL831 1035 SQ324 2230 GA895 1450 KL832 2335 Athens SQ347 1730 B Sari Begawan BI421 1105 SQ182 0915 SQ181 1410 B1422 1205 ***** 2030 BI430 2125 Bangkok SQ69 1145 TG4021,315 words
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Page 13 Advertisements
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Advertisement87 1993-10-16 13 ADVERTISEMENT BusinessEmes/KENWOOD GOLFING TIPS tßy BRETT BRASIER PROFESSIONAL GOLFER Fully Qualified Member Of 5.P.G.A,s Dip in Golf Management The Follow Through follow the bally finish the follow this will ensure I through should resemble that the swing top of the backswing, has been made only in D hove heard I87 words
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SHIPS IN PORT
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Article457 1993-10-16 14 Vtud Voy No B«rth Arrival Departure Jurong Port Vera SetaMera 10/1/93 II akx«9de 1610/2315 Arttu Bue J2 alongside 1610/1500 Batar Bah*ia 10/3/93 M alongsale 16.10/2300 Iran Saert 1/93 118/19 alongsde 16.10/1800 la Gang 1/93 19 alongade 1610/0800 Oneztisluy Zatv 01/93 117/18 alongside 16.10/0600 PSMS 168 B 93/003457 words
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Article1695 1993-10-16 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SNp Voy No Contjmm avalaMe SNp Voy No Contemn ivaiatote Act Concord 34£ 17/2200 2 15/1700 16/0659 16/0900 4 16/1200 16/1459 16/1700 >CX tad* 159* 17/0700 1 15/1500 15/1659 15/1900 3 16/0700 16/11591,695 words
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Page 14 Miscellaneous
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Miscellaneous338 1993-10-16 14 L CWYPT CCROSS r WORD r t~— 8 Remove sediment from port Ilioln[^lw*|pß*M*|ba|p DOWN (6) UM i ImtD] 1 In the outhouse, the old 13 Not put on enough beneath woman's shattered (7) formal garb (10) tfiißflußfgTsfiln 2 One might be stuck over a 16 Liken his resort to a338 words
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THE WORLD
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Article, Illustration632 1993-10-16 15 New estimates emerge as plan is hurriedly prepared for Congress WASHINGTON Acknowledging that its plan to overhaul the health-care system will be more expensive than anticipated, the Clinton administration has lowered its estimate of how much the plan would cut632 words
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290 1993-10-16 15 Bloomberg Business News MAGDEBURG, Germany The eastern German economy is likely to grow an inflationadjusted 5 per cent this year, said German Economics Minister Guenter Rexrodt. The region already recorded growth of 6.2 per cent in the first half of the year. "ThisBloomberg Business News - 290 words
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386 1993-10-16 15 Knight-Ridder LONDON UK economic recovcrv is still in place, but recession in Europe is keeping UK output sluggish, according to the London Business School. "Despite a most unhelpful international background, the UK recovery remains in place. Output has been rising, slowly butKnight-Ridder - 386 words
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Article, Illustration191 1993-10-16 15 Reuter OSLO Black leader Nelson Mandela and South African President F W de Klerk won the Nobel Peace Prize on Friday for their work to end apartheid and lay "the foundations for a new democratic South Africa". "From their different points ofReuter - 191 words
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393 1993-10-16 15 Reuter BRUSSELS The European Community (EC) wants Israel, the Palestinians and other Arabs to create a common market to underpin pcacc, Belgian Foreign Minister Willy Clacs said after meeting the Palestine Liberation Organisation (PLO) chairman Yasser Arafat on Thursday. On his returnReuter - 393 words
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Article128 1993-10-16 15 AP WASHINGTON Sri I*nkan Prime Minister Ranil Wickremasinghe said on Thursday that US officials are sympathetic to the idea of his nation joining the Asia Pacific Economic Cooperation organisation. Mr Wickremasinghe said in an interview that a Sri lankan role in Apec aroseAP - 128 words
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WORLD WATCH
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Article81 1993-10-16 15 Reuter WASHINGTON President Bill Clinton selected Booth Gardner to serve as US envoy to the General Agreement on Tariffs and I rade negotiations, the White House announced. Mr Gardner will be nominated as deputy US trade representative to servi: in Geneva on Gatt talks aimedReuter - 81 words
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Article, Illustration42 1993-10-16 15 Reuter VENICE These two tourists sat at a flooded outdoor cafe in Venice's famous Piazza San Marco on Thursday, seemingly undisturbed by the water. Seasonal high tides following heavy rainfall had caused flooding in the Italian port city. ReuterReuter - 42 words
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Article60 1993-10-16 15 Reuter WASHINGTON Wholesale inflation was tame last month and retail sales barely advanced, the US government said on Thursday in reports that reflected the stagnant state of the economy. The government reports reaffirmed the slow-moving nature of the two-and-half-year-old recovery and gave the Federal ReserveReuter - 60 words
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80 1993-10-16 15 Reuter. MOSCOW A referendum on a new draft constitution for Russia will be held on Dec 12, at the same time as the general elections, under a dccrcc signed by President Boris Yeltsin yesterday. If approved, the new constitution will come into forix: theReuter. - 80 words
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75 1993-10-16 15 Reuter BRUSSELS The European Community, spurred by the new urgency of helping Russian President Boris Yeltsin's economi c reforms, is opting for a less ambitious European Energy Charter rather than see no agreement at all. The EC-inspired charter aims to give western investors guaranteesReuter - 75 words
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124 1993-10-16 15 Reuter LONDON The Commonwealth, which groups Britain and its former colonies, is seeking to redefine itself now that the end off apartheid in South Africa has robbed it of its great rallying point! and source of tension. Leaders of 48 of the 50 member statesReuter - 124 words
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Article67 1993-10-16 15 AP OSLO The Iranian Embassy has denied allegations that it was involved in shooting the Norwegian who published Salman Rush die's book. The Satanic Verses. William Nygaard. who published a Norwegian translation of the book in 1989 despite threats, was shot three times in the backAP - 67 words
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186 1993-10-16 15 AP JERUSALEM Israel is offering to sell China its advanced Amos communication satellite system, a newspaper has reported. The daily Maariv said the offer was in an internal document drawn up by the Science and Industry Ministry for Prime Minister Yitzhak Rabin before he leftAP - 186 words
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178 1993-10-16 15 Reuter WASHINGTON The United States is concerned by reports that Russia is transferring high technology to China that could have military applications, a State Department spokesman said on Thursday. Secretary of State Warren Christopher will discuss these concerns in meetings in Moscow nextReuter - 178 words
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322 1993-10-16 15 AFP MOSCOW Russian economic officials are determined to speed the transition to a market economy, but the government has to limit unpopular measures during the current pre-election period. Yesterday, several important measures adopted since president Boris Yeltsin's dissolution of parliament willAFP - 322 words
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Article, Illustration569 1993-10-16 15 Reuter MEXICO CITY Mexican President Carlos Salinas dc Gortari has set aside diplomatic language for much tougher talk as the deadline nears for a crucial US Congress vote on the North American Free Trade Agreement (Nafta). Political analysts say that faced withReuter - 569 words
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467 1993-10-16 16 Reuter TOKYO The recent relentless expansion of Japan's cus-toms-cleared trade surplus may finally have come to a halt in September due to buoyant import growth, analysts said. The nation's controversial trade surplus is widely forecast to have moved sideways orReuter - 467 words
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351 1993-10-16 16 Bloomberg Business News HONGKONG China's goal of quadrupling its gross national product (GNP) between 1980 and 2000 may well be reached three years ahead of schedule, in 1997, said Gan Ziyu, Vice-Chairman of China's State Planning Commission. "By the end of thisBloomberg Business News - 351 words
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431 1993-10-16 16 AFP. AP BEIJING Approved foreign investment in China is expected to reach US$lOO billion (SSIS7 billion) this year, as Beijing considers throwing its domestic market wide open to multi-nationals. Xinhua reported on Friday. The figure is a massive US$2O billion more thanAFP.; AP - 431 words
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410 1993-10-16 16 Catherine Ong - From Catherine Ong in HONGKONG HONGKONG and British government officials said yesterday that several press reports which helped push up the Hang Seng Index to a record high the same day misrepresented remarks by Governor Chris Patten. A front-page article in the South410 words
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152 1993-10-16 16 Knight-Ridder LONDON International air passenger traffic is expected to grow an annual average 6.6 per cent from 1993 to 1997, and international freight traffic by 7.2 per cent a year over the period, according to the latest forecasts from the InternationalKnight-Ridder - 152 words
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Article, Illustration76 1993-10-16 16 Reuter PARIS Masked metal workers during a protest here yesterday. Thousands of striking workers poured into Paris demanding Prime Minister Edouard Balladur to take action to stem record unemployment. Protesters marching under the banners of the left-wing CFDT trade union converged towards the foot ofReuter - 76 words
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214 1993-10-16 16 AP WASHINGTON A big increase in car manufacturing helped boost output at the nation's factories in September for the fourth consecutive month, the government said yesterday. The 0.2 per cent gain in the Federal Reserve's Industrial Production Index came despiteAP - 214 words
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Article264 1993-10-16 16 Reuter COPENHAGEN Radioactive contamination is out of control in the former Soviet Union and some nuclear waste is being dumped into rivers, according to two global agencies in a disturbing report just released. "It's a frightening situation. Nuclear waste deposits are mostly full already,Reuter - 264 words
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271 1993-10-16 16 Reuter. AFP NANTES, France French Prime Minister Edouard Balladur said yesterday that "no one should doubt" France's determination to refuse elements of an Uruguay Round trade deal it considers "unacceptable". "If that which is proposed is unacceptable, nobody shouldReuter.; AFP - 271 words
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Page 16 Advertisements
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Advertisement50 1993-10-16 16 Monday in Business Times I fjtf 1 Multi-point system I Double-wishbone suspension 1 Champion Motors An Inchcape Company 2 Pandan Crescent (ofT West Coast Highway) Singapore 0512 Published and printed by Singapore Press Holdings Limited. 82 Genting Lane. Singapore 1334 A member of MCS Circulation Audit. Customer Service (Circulation): 749-257750 words
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Advertisement0 1993-10-16 16 </`$|:;)]\\><$,@-\}</;{(/,+')*:0 words
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Executive Lifestyle
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Article, Illustration1149 1993-10-16 17 Harish Mehta - Restaurants run by Singaporeans are popping up in Phnom Penh. Harish Mehta finds they have the right recipe to make money Harish Mehta The writer is a BT correspondent specialising in Cambodian affairs. Um HE chickens in Cam- bodia are weaklings!" I quips Ong Tiong IPhotos by Harish Mehta - 1,149 words
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STRAWS IN THE WIND
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Article64 1993-10-16 17 THE PROPERTY boom has certainly inspired some weird and wonderful advertisements. And while some make for interesting reading, others make you want to wince. Sample this: "If. perchance, you do not mind granting us the opportunity to be of service showing our clients your property, we would be64 words
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Article25 1993-10-16 17 PEOPLE nowadays have odd ways of screening telephone calls. Receptionists at an American brokerage ask: "Does he know your company or you personally?"25 words
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Article15 1993-10-16 17 SEEN on a bumper sticker "Fly with the Air Force no COE needed."15 words
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Article19 1993-10-16 17 ALSO seen on a bumper sticker "Man has his will.. .but Woman has her way."19 words
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Article32 1993-10-16 17 DOES life really begin at 40? In Nepal, trekkers about to embark on their maiden hike receive from their guide T-shirts that scream out: "Life begins at 10,000 ft."32 words
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OPINIONS
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Article, Illustration897 1993-10-16 18 John Helmer - John Helmer says Russian and Japanese statesmanship produced hope this week John Helmer The writer is BT's Moscow Correspondent DURING the first Russian royal visit to Japan in 1891, Crown Prince Nicholas who was to become Tsar a few years later was wounded by a sword-wielding897 words
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Article, Illustration978 1993-10-16 18 Neville Stack - Neville Stack says both Britain and Australia would be happier going their separate ways now Neville Stack The writer is a political commentator based in the UK THESE DAYS, it is much easier to remove a monarch than when the guillotine expeditiously removed978 words
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PROFILE
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Article, Illustration2690 1993-10-16 19 Shena Mackay - Pop music, the impossibility of sacking a secretary, and the Maastricht Treaty Dame Iris Murdoch talks of shoes, ships and sealing wax and her new novel The Green Knight to Shena Mackay, herself an acclaimed novelist Shena Mackay, The Independent Magazine NORTH Oxford was green andThe Independent Magazine - 2,690 words
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Article, Illustration626 1993-10-16 22 SHAHIRON SAHARI - Cinema Review By SHAHIRON SAHARI LAST year, cinema viewers were warned to beware who they share a flat with (Single White Female). This year, it's "beware who you share a car trip with". He just might be what you're looking for. /California is a tense626 words
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Article, Illustration458 1993-10-16 22 S N VASUKI - Book Review By J S N VASUKI The Wave Man By Christopher Bates TiaMs Editions, $14.50 FIRST-time novelist Christopher Bates has the right credentials for writing thrillers with a uniquely Asian flavour. The Singapore-based writer is a graduate in Asian studies and international management, and458 words
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Article, Illustration1572 1993-10-16 22 A J Leow - Visiting ancient Indian sites in Delhi and Agra, A J Leow is mesmerised by their beauty and splendour A J Leow The writer is a BT journalist who was on a trip organised by the Government of India Tourist Office in Singapore. Hemingway once dubbedPhotos by A J Leow - 1,572 words
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Article, Illustration429 1993-10-16 23 Susan Tsang - Susan Tsang considers some of the the items on display here that will go under the hammer in Hongkong this month Susan Tsang SOON, the time will come for art and antique lovers to start paddling again. You know the autunur auctions429 words
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Article, Illustration723 1993-10-16 23 SHAHIRON SAHARI - CD Review By SHAHIRON SAHARI PRINCE: The Hits 1 NOW that His Royal Badness has declared that he will not be recording any more albums sticking instead to live performances and other forms of entertainment a greatest hits album comes as a timely reminder of723 words
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HEALTH & FITNESS
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HEALTH Notes
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89 1993-10-16 24 UPI BOSTON Sunscreens that offer strong protection against amburn also prevent pre-cancerous skin growths, and make some tikisting growths disappear. Australian scientists reported on Wednesday. Investigators from the Anti-Cancer Council of Victoria and the University of Melbourne said daily use of sunscreen with a sun-protection factorUPI - 89 words
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116 1993-10-16 24 UPI MONTREAL Culminating a decade of research, a fertility Specialist on Tuesday reported a new technique to reverse sterilisation in women that cuts pain, post-operative complications and cost. Dr Gary Bcrger of the Chapel Hill Fertility Centre in North Carolina said the method which heUPI - 116 words
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Article103 1993-10-16 24 AP fcOCKVILLE. Maryland Researchers in America on Wednesday announced the first large-scale test of a drug that holds promise for preventing prostate cancer a condition affecting prany men over 50. About 18.000 men 55 and older will take isrt in a seven-year study to findAP - 103 words
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Article112 1993-10-16 24 UPI BOSTON Post-menopausal women who want to prevent bone need to take oestrogen on a long-term basis, and even then, we treatment may be of little benefit by the time they reach age researchers said on Wednesday. Investigators who studied £70 elderly women found thatUPI - 112 words
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99 1993-10-16 24 AP WASHINGTON Researchers have made a discovery that enables them to determine who will develop Alzheimer's disease ill' their old age. In research on 42 families where late-onset Alzheimer's is common, Duke University scientists found a 90 j)er cent risk of the disease by theAP - 99 words
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Article, Illustration1081 1993-10-16 24 Elisabeth Rosenthal - Total health care for women means visiting several specialists. US experts hope to remedy this. Elisabeth Rosenthal reports Elisabeth Rosenthal NYT Medical carc for most men is one-stop shopping: a trip to a general doctor for a physical examination that includes full preventive care. But thatNYT - 1,081 words
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PEOPLE
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Article, Illustration236 1993-10-16 24 IT'S beginning to be a ritual one company, after another. ofTicialy opening their boutique or showroom at Ngec Ann City. TAG Heuer joined the list recently. It celebrated the official opening of its showroom at Ngee Ann City with great fanfare. The showroom was236 words
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TIME OFF
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Article, Illustration642 1993-10-16 25 Shahiron Sahari - Shahiron Sahari gets a grandstand seat and plays spectator at a new sports bar Shahiron Sahari THREE weeks ago it was a soccer pub in Yishun called Wembley, a week later it was a place called the Football Pub at Orchard Towers and earlyPhoto by Chris Loh - 642 words
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Article, Illustration806 1993-10-16 25 Shahiron Sahari - Two singers, one concert but they won't be singing together, discovers Shahiron Sahari Shahiron Sahari FOR THOSE who may be wondering. Pea bo Bryson and Palti Austin don't actually sing together in the Peabo Bryson and Patti Austin in Concert show on Monday night at the Indoor806 words
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Article117 1993-10-16 25 Sponge Company Act 3 will conduct an hour of high energy, colour and visual treats and family fun, complete with audience participation. Till Oct 19, 10.30 am and 2.30pm on today. Oct 18 and 19; 2.30pm and 5.30pm on Oct 17; with an extra performance at 5.30pm today; at117 words
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Article271 1993-10-16 25 SSO in Concert Lim Yau guides the SSO featuring soloists Mark Spuria on clarinet, Zhang Jin Min on bassoon and Kong Zhao Hui on violin who will do pieces by Debussy. Mozart and Tchaikovsky. Today, 8.15pm at the Victoria Concert Hall. Tickets at $4, $7, $10, $15 and $25271 words
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Article, Illustration211 1993-10-16 25 Perspectives for the World of Tomorrow Short films on the future of the world, in terms of the ecological deterioration in the face of manufacturring progress. Oct 18, 6.45pm at the Goethe-lnstitut Auditorium. Free admission. Traffic These films that take a look at traffic, how to control traffic pollution211 words
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Article648 1993-10-16 25 A Journey Through rime Presented by Omega, the maker of the time-piece, this exhibition features the evolution of the watch. Till tomorrow. Today: 10am-9pm: tomorrow 10am-Bpm at Raffles City Shopping Centre. Rajsaj*gat 93 A collection of paintings by various Malay artists depcting the world we live in648 words
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Article134 1993-10-16 25 ffitvtin Prabhakara's sixth exhibition, this features both past and recent works as he uses colours to embody a more physr? cal. deep-seated enjoyment of his surroundings. Till Oct 18, llam to 9pm at the Gallery. A Dialect of rolnui A Bali-inspired exhibition presented, by Temasek Junior College134 words
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Article150 1993-10-16 25 Christopher Toh - Compiled by Christopher Toh Cats An Australian cast stages Andrew Lloyd Webber's story of junkyard cats, with local entertainer Jacintha as Grizabella, the Glamour Cat. Nov 21 to Jan 4. Bpm at the Kallang Theatre. Matinees: 3pm on Fri and Sat; spm on Sun. Tickets from $30 to $150150 words
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EPICURE
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Article, Illustration657 1993-10-16 26 QUEK SWEE PENG - Bm Appetit By QUEK SWEE PENG THE Duxion hotel's French restaurant has acquired a new chef. Just when you decided you have grown accustomed to the menu. That marvellous mussel soup... But now it's gone. That mussel soup, with that delectable puff pastry... But, wait, take a657 words
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Article, Illustration624 1993-10-16 26 SHAHIRON SAHARI - By SHAHIRON SAHARI IN A Verandah that is not quite a verandah, there is currently a Thai food promotion in a place which usually serves Western-style charbroiled meat. The Verandah is the coffeehouse at Le Meridien Changi. Unlike most verandahs we know, this one is624 words
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Article, Illustration663 1993-10-16 26 N K YONG - Wine By N K YONG CHATEAU Lafite-Rothschild needs no introduction. The Chateau and its wines have been famous for centuries. Situated in Pauillac, in the northernmost area of the Medoc, it is not difficult to find, but like the lady of good breeding that it is, it663 words
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Article, Illustration1069 1993-10-16 28 Body Snatchers. Remake of the original about aliens whose idea of reincarnation is to suck the life out of human beings and take over their bodies. Lido 4: 11.15: 1.45; 4.15; 7; 9.30. Prime 1: 11: 1.30; 4; 6.45; 9.15. Changi 2: 11; 1.30; 4; 7.30; 9.30. Pavilion: 1:1,069 words
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Page 17 Advertisements
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Advertisement184 1993-10-16 17 I musßEMam The way of turning shares into tfmtA tm fA+ y\mt. WOWLJOW>W>WW:I L—Ttu wMMomwwMioiLjro *****33 ??9MM the burberry aHM Jhu II 1 We "1 y 'na^^BS Mr IB Available aduMy SIN CAPO RE: Burberry* Maia Shop: 435 Orchard Road. »0?-42/4S/44. Wuma Aim. Singapore 0923 Tel: 733 71 IS. 591184 words
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Page 18 Advertisements
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Advertisement141 1993-10-16 18 THE |H cjukadt I^^^ H Quantum GET TO WORK. Kfe You've commuted with your old briefcase long enough. Samsonite's latest Smart Attache Series* features Milano Quantum' an exclusive gravity-activated "smart hinge**" that will revolutionise the way we work This innovative "smart hinge" allows your briefcase to open like a standard141 words
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Advertisement17 1993-10-16 18 PORT SHOTS The latest in sea, air and land transportation. Shipping Times. Monday to Friday. Business Times17 words
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Page 18 Miscellaneous
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Miscellaneous73 1993-10-16 18 UMPvT Pv NGHTtv\PvRe CRUSH OUT IN P\ TUEjSG- DK/5.... SiGM' SO Foe BRtfiSH m.sP€£DRWL.... Jf\ r-ql**. *w fce>s pfle. po*hg 1 <C J "VyAwOUGvA bGJWG E.LBOOGD M I^l our of -wev^Pvv.... \i*ie| tWOCWTIO »f*V««U LTD. IM2-IMI POONESBURY GARRY TRUDEAU ADMIRAL? TRIPLSR. HOU/DTHB UJELL.SIR, 7HANK YOU. teFS.9R.JUST BReHNO CO&P&JNG V -I73 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration545 1993-10-16 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities. Daiwa Securities, DBS Asset Management, Kay Hian James Capel. Kim Eng Securities, OCBC Securities. Ong Company, Peregrine Securities. Phillip Securities, Smith New Court. Tat Lee Securities andSource: Bridge Info - 545 words
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Article, Illustration203 1993-10-16 20 Lee Ah Boon - Lee Ah Boon Chief financial officer Global Consumer Banking Citibank, NA 6 6T7 XPOSURE to ■H wide volatilities 1 J in foreign exchange is one big fear that is keeping many investors at bay, despite attractive potential returns. In addition, the difficulty of picking the "right" currencies203 words
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Article647 1993-10-16 20 Words: Joyce Quek - Words: Joyce Quek Concept: Agnes Chen Paul Leo Confused? Follow our rough timetable and don't miss out on the year's biggest offer KffTTWWB Check mailbox. No blue Group A share application form from the Central Provident Fund (CPF)? Call 1-800-838-6868. J j If you have the form,647 words
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Article, Illustration789 1993-10-16 20 Agnes Chen - Agnes Chen suggests a new growth fund for the investor bitten by wanderlust Agnes Chen ANEW growth fund available to Singapore investors promises to serve up the exotic flavours of Mediterranean, Latin American and Asian stock markets along with a sobering dose of Scottish prudence.789 words
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Article, Illustration372 1993-10-16 20 Paul Leo - CHART By Paul Leo THE Singapore stock market has risen to new heights to welcome the biggest share issue in its history and the question is: What happens after the party? The 1.1 billion Singapore Telecom shares (drawing more than $2 billion),Source: Bridge Info - 372 words
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691 1993-10-16 21 Next publication date: Nov 13 1993 Deposit amount l-wk l-mth 3-mlh 6-mth Deposit amount l-wk l-mth 3-mth 6-mth Deposit amount l-»k l-mth 3-mth 6-mth Deposit amount l-wk l-mth 3-mth 6-mth Deposit amount l-wk l-mth 3-mth 6-mth Amex Bank691 words
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Article, Illustration1007 1993-10-16 21 Agnes Chen - By Agnes Chen HO CHI Minh City's construction department recently decreed that contractors will have to use hydraulic piling hammers when laying building foundations. They will replace outdated, noisy and pollutive diesel hammers, many of them Soviet relics from the *****, which are currently inPhoto by Arthur Lee - 1,007 words
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Article618 1993-10-16 21 R Sivanithy - R Sivanithy looks at the newest trading tool on the local stock market R Sivanithy W ARRANTS, or transferable subscription rights (TSRs) as they are sometimes known as. have been traded on the local stock market for the past 15 years. In the case of listed618 words
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Page 20 Advertisements
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Advertisement12 1993-10-16 20 BROCHURES PTE LTD 227 3138 Call For Doreen. Karen. Muralee or Lawrence.12 words
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Page 21 Advertisements
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Advertisement73 1993-10-16 21 A Practical Seminar e TECHNICAL ANALYSIS WITH ADVANCED GANN ELLIOTT WAVES Date :11th 12th November 93 Venue: The Mandarin Singapore k u I I FXCurrtnciet Gold -Silver -Oil FinancialFiiural StoCK Indices SES KLSE Counters Soft Commodities presented By: TRADING TECHNIQUES, INC. (U.S.A.) Supported By fjt*? For more information, write to,73 words
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Advertisement102 1993-10-16 21 It's called the Regional Currency Unit. And basically, it's a deposit that branches out into three Asian currencies. So if one currency doesn't grow as rapidly as you like, the other two will buffer your investments whileyou watch yourmoney grow through higher interest rates and capital appreciation. To find out102 words
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Page 22 Advertisements
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Advertisement8 1993-10-16 22 The StniitsTimes APPONTMENTS lists more HIGH-TECH career advertisements.8 words
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Page 23 Advertisements
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Advertisement46 1993-10-16 23 '19/ goes on a house hunt How much are private properties going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in Singapore each month. PiAibshcd try Tudk Pfcviodicski edge Get your October issue now46 words
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Page 24 Advertisements
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Advertisement27 1993-10-16 24 old point Automatic Chronograph Model 406.41.15A Nothing Shocks A Zodiac Zodiac SWISS 1882 SOLE AGENT: CRYSTAL TIME (S| PTE LTD ftl /4/RHHH L> it Seawolf Model 513.52.42A27 words
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Page 26 Advertisements
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Advertisement21 1993-10-16 26 o °o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. r¥l Busmessßmes mKMMOBAm21 words
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Advertisement32 1993-10-16 26 earty mea/5 Beer Garden with a cosy pub and 2 of the best bands awaiting you for your entertainment! RESERVATION HOTLINE 225 6636 10m-6pm (Moo-Fri) EUROPA CHANGI VILLAGE b> 5. 101-2001 Tetscs6i732 words
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Page 27 Advertisements
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Advertisement911 1993-10-16 27 Elsdfl NotliSng BeatsA BucL I to wm. dm awn ramMM or Yangihou dianxin *%t*»JI! Yangzhou Dianxin n**!!! Executive Lunch With more new items, for 2, 4 and 6 people, the Yangzhou dianxin Call *****93 for reservations. lunch in Tien Court has Tien Court also introduces 3 executive lunch menus. At911 words
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Advertisement341 1993-10-16 27 GET THAI-ED UP Sawasdee! Chatterbox greets you and welcomes you within Us doors to savour Thai buffet So make yourself available for Thai food and be sumptuously rewarded Pate Octobers-17. 1995 LUNCH DINNER Time Noon 2 30pm 7pm 10pm Price $18 SO*+(Adult) S2O 50**(Adult) JI2OO*H Child under lOyrs) t!2oo**(Cbild under341 words
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Page 28 Miscellaneous
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Miscellaneous2476 1993-10-16 28 TODAY'S TV ■|HITTTTT7S|| |||H|H|HB9|HiHHK?3 U ~~1 11.30 ABC Programme. M J> r 12 00 nnnows. 12.15 PM TV PendkMun (M). Travel, Ipm, SBC s* Kelab Remaja Angkasaromp through Singapore iJtl M L... Komi is disorientated best known i«T < 200 warna Piliban Anak after he returns to Jakarta. tionaliy'for its2,476 words
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