The Business Times, 19 September 1992
1992-09-19
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The Business Times
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Title Section17 1992-09-19 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, September 19-20 1992 75*17 words
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NEWS & MARKETS SUMMARY
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38 1992-09-19 1 BRUSSELS The European Commission is investigating charges that firms in Hongkong and South Korea are flooding the European Community with cut-price computer floppy disks, unfairly damaging EC manufacturers.38 words
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Article56 1992-09-19 1 LONDON Unemployment in Britain rose by 47,000 in August to 9.9 per cent of the workforce, marking the 28th consecutive monthly increase. The Department of Employment said the figure, up from 9.7 per cent in July, represented a total of 2,845,508 people out of work56 words
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Article35 1992-09-19 1 NEW YORK US blue chips eased in early morning trade yesterday on exceptionally heavy volume as options ex-piration-related selling kicked in shortly after the opening bell. The Dow was fractionally lower at 3,314.35 words
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Article35 1992-09-19 1 LONDON Share prices rose strongly here in early trading yesterday on expectations that interest rates would fall. At 1200 GMT, the FTSE index of 100 leading shares had jumped 73.7 points to 2,557.6.35 words
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Article38 1992-09-19 1 MALAYSIA'S move to impose a 30 per cent import tariff on polypropylene could "throw a wrench in the whole Asean Free Trade Area accord", Trade Development Board di-rector-general Ridzwan Dzafir said yesterday Page 238 words
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Article29 1992-09-19 1 MALAYSIA'S Dunlop Estates and its gaming subsidiary Magnum Corp Bhd said yesterday they had received partial approval to operate a gaming unit in China Page 329 words
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Article41 1992-09-19 1 A SPATE of poor results by Indonesian firms are likely to depress the Jakarta bourse even further, but analysts are holding out for better times next year and say the worst may now be over Page 441 words
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Article, Illustration29 1992-09-19 1 Friday Change BT-MGA 649.70 -3.84 Kuala Lumpur ....387.54 +0.41 Tokyo 18,166.80 50.28 Hongkong 5,689.32 +51.42 Sydney ........1,523.6 +11.8 Tharcday Change New York 3,315.70 -3.51 London 2,483.9 +105.629 words
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Article24 1992-09-19 1 ExduMg* rates US$ S$ 1.6020 100 Yen S$ 1.2837 MS SS 0.6376 Money nuikct ntN Overnight 2 7/8 +7/8 3-month 2 1/16% +1/1624 words
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Article37 1992-09-19 1 London Gold AM fix USS348.65 -US$2.10 Rubber S pore Oct.... 140.00*/kg unch Nf sia Oct..... 220.00Vkg unch KL Tin Turnover.. 32tonnes +2 Spot MSl6.65/kg +0.05 Crwta oabn oH T urnover 1,3241ots 361 Oct MS865 /tonne -337 words
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407 1992-09-19 1 Amy Balan - Analysts divided over whether rates have bottomed By Amy Balan FACED WITH more deposits than it can lend out, DBS Bank yesterday announced that it is slashing interest rates again. Effective from Monday, DBS will cut its prime lending rate by a quarter-point407 words
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625 1992-09-19 1 Dexter Lee - Buyers go for bigger cars, citing value for money Reports by Dexter Lee SINGAPORE Certificates of Entitlement (COEs), introduced two years ago to set monthly quotas of new vehicles on the road, have had a major impact on the car trade625 words
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331 1992-09-19 1 SINGAPORE Last month, it was buyers of luxury cars. This time, it is buyers of big cars those with engines in the 1,601 cc to 2,000 cc range who will benefit from a freak result in the bids for Certificates of331 words
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383 1992-09-19 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The row between Britain and Germany over the current monetary crisis in Europe escalated yesterday with Britain's Chancellor of the Exchequer Norman Lamont and German Chancellor Helmut Kohl trading harsh words. Sterling is unlikely to rejoin the European Monetary383 words
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Article137 1992-09-19 1 SINGAPORE Asian currency and stock markets closed on a sedate note yesterday as traders squared positions ahead of the G-7 finance ministers' meeting in Washington and the French referendum on the Maastricht Treaty this weekend. However, the US dollar closed higher against the mark137 words
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Page 1 Advertisements
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Advertisement94 1992-09-19 1 Nikon vnv figna 9 rwwmi nwiOQnpnic oyww. cover n^wjr A»crift Schedule El 11 Commodrtw 17 Company News 3.4 Cryptic Crossword EL 11 Futures Options 16 Interbank Fore* Rates 16 Bangkok/Jakarta Stocks 12 KLST.. 13 Money Changer Rates EL 11 Money Market 16 Regional News..—...— 6 Regional Stock Markets 14 SES94 words
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Advertisement29 1992-09-19 1 SOCIETY A poser for Britain's royal family EL 3 OPINIONS Oh, for a no; Reeling and dealing EL 2 Hock Lock Siew: Keppel poised to break into Manila banking29 words
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Advertisement189 1992-09-19 1 PURSUITS David Kwo on the state of Chinese art EL 6 The modest winner WHY is this man so shy about having won a Mercedes Benz 200E, two first-class return tickets to New York, and membership in a country club? See Pg 2 for the answer Since 1735 there has189 words
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Advertisement16 1992-09-19 1 Nikon I Th*Wbrtd-> FtaM PlmtUHmiWc »»W»w- PURSUITS Antarctica W jjV '.i made VYiVHCriil accessible el 716 words
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Advertisement16 1992-09-19 1 FINANCE.:? US$ looking gOOu EL 8 Investing iws self EL 9 More stories on Back Pg16 words
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PAGE 2 NEWS
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431 1992-09-19 2 Lilian Ang - Move is an obstacle to Afta, says TDB chief By I Lilian Ang SINGAPORE Malaysia's move to impose a 30 per cent impoft tariff on polypropylene could "throw a wrench in the whole Asean Free Trade Area accord", Trade Development Board director-gener-al Ridzwan Dzafir said431 words
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Article, Illustration141 1992-09-19 2 SINGAPORE A workshop next month for 400 tourism industry leaders will look at ways to develop and promote "Singapore as a mature tourism destination". The one-day workshop, "Six million Visitors", has been organised by the Singapore Tourist Promotion Board. STPB executive director Pek Hock ThiamSource: STPB - 141 words
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Article, Illustration275 1992-09-19 2 Hong Lee Tiam - Two interactive toys to make debut on Oct 1 By Hong Lee Tiam SINGAPORE Waddingtons International Ltd, the largest manufacturer of board and card games in Singapore, is moving into toys. Waddingtons regional manager Andrew Wetton told BT yesterday that two interactive toys "Baby Loves to275 words
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238 1992-09-19 2 Reuter BANGKOK The Bank of Thailand said Thai and foreign banks given offshore banking licences here will be authorised to provide a wide range of services, including arranging and underwriting local and foreign debt instruments. A central bank announcement detailing the scope of offshoreReuter - 238 words
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Article, Illustration409 1992-09-19 2 SINGAPORE It won him a Mercedes Benz 200E, two first-class return tickets to New York, and membership in a country club. But Peter Yap, general manager of Overseas Union Insurance, shrugged it off as "not all that special". Mr Yap's prize-winning feat409 words
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288 1992-09-19 2 Kenneth James - By Kenneth James SINGAPORE The National University of Singapore has announced two initiatives to ensure that its research, too often the Beauty locked in academe's ivory tower, will hokl hands more often with the dirty-fingernail commercial development of industry's Beast NUS vice-chancellor lim288 words
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348 1992-09-19 2 Colin Tan - New balloting rules make upgrading within same estate easier By Colin Tan SINGAPORE Residents in mature HDB estates will soon have a much greater chance of buying new flats developed in their neighbourhood. The National Development Ministry said yesterday a scheme starting next month348 words
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271 1992-09-19 2 Ramesh Divyanathan - The Peat Marwick partner trial By Ramesh Divyanathan SINGAPORE A leading accountant charged with having misappropriated $183,650 had no case to answer, his lawyer told the district court yesterday. Queen's Counsel Anthony Hooper, appearing for former KPMG Peat Marwick deputy managing partner271 words
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SINGAPORE ROUNDUP
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Article44 1992-09-19 2 FINANCE MINISTER Richard Hu left last night for meetings of the International Monetary Fund and the World Bank in Washington next week. He is accompanied by senior officials of the Ministry of Finance and the Monetary Authority of Singapore.44 words
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Article67 1992-09-19 2 ECONOMIC Development Board managing director Tan Chin Nam has been reappointed chairman of the National Computer Board. Three other members of the previous board have also been reappointed. They are: Low Sin Leng, from the Ministry of Finance; Sung Sio Ma, from Singapore Telecom, and Bernard Tan,67 words
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Article49 1992-09-19 2 A TWO-DAY CONFERENCE on design of high-density housing will start next Thursday. Twelve local an<) foreign architects and developers will share their expertise and experience during the Housing 2000 conference, which will be launched by the Minister of State for National Development, Lim Hng Kiang.49 words
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Article70 1992-09-19 2 THE Public Works Department will add a new traffic lane to each carriageway of the Pan-Island Expressway between Thomson and Adam roads, and improve the Mt Pleasant Road Flyover. The PWD said yesterday the works were part of a scheme to improve the PIE from the70 words
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Page 2 Advertisements
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Advertisement199 1992-09-19 2 BDSINESSTIMES Toll-free Tel No 737-0043 Fax No: 734 3608 We arc an international maritime group with substantial and diversified business interests in various regions of the world. Wfe are seeking a General Manager to head a management team which has the following functions: Reporting to the Managing Director, the General199 words
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COMPANY NEWS 1
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Article, Illustration658 1992-09-19 3 Leslie Lopez - But KLSE wants more info from Magnum and Dunlop Estates From Leslie Lopez in KUALA LUMPUR MALAYSIA'S Dunlop Estates and its gaming subsidiary Magnum Corp Bhd, concerns controlled by businessman Lim Thian Kiat, broke their two-week silence yesterday with an announcement that658 words
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206 1992-09-19 3 SINGAPORE Electronic components manufacturer National Kap Ltd has posted a 6.25 per cent drop in net earnings to $398,822 for the six months to June 30. The fall, from $425,389 a year earlier, was despite a 7.8 per cent rise in turnover to $6.69206 words
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348 1992-09-19 3 Bernama KUALA LUMPUR MechMar Corporation (Malaysia) Bhd believes that its joint-venture with Kepfels Engineering Pte Ltd will enable the group to expand the scope of its engineering activities vis-a-vis the engineering business of the Keppel Group in Singapore. MechMarBernama - 348 words
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639 1992-09-19 3 S N Vasuki - THE HOCK LOCK SIEW COLUMN Group can count on strong ties in banking and insurance industries By S N Vasuki SINGAPORE After several years in deep slumber, the Philippine banking and insurance industries have just responded to a wake-up call from the new Ramos639 words
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427 1992-09-19 3 Sylvia Wong - By Sylvia Wong SINGAPORE First Capital Corporation Ltd said net earnings in the year ended June 30 jumped 82 per cent to $16.14 million as turnover rose 71 per cent to $316.55 million from a year earlier. Its427 words
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274 1992-09-19 3 Bernama KUALA LUMPUR Guthrie Ropel Bhd posted a 77 per cent increase in its group pre-tax profit to M 58.65 million (555.5 million) for the six months ended June 30, 1992 from M 54.88 million in the previous corresponding period. Releasing its unauditedBernama - 274 words
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COMPANY BRIEFS
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66 1992-09-19 3 SINGAPORE Acma Ltd has appointed H M Sithawalla as its deputy managing director, with effect from Sep 8. The group also appointed Kwok Chee Wai as managing director of subsidiary company Lityan Systems (S) Pte Ltd and Say Kin Heng as managing director of66 words
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29 1992-09-19 3 SINGAPORE Singapore Computer Systems Ltd said ittr: director for China business division, Leong Kuo-Sing has resigned and left the company on Sep 13. "5'29 words
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Article36 1992-09-19 3 SINGAPORE Pertama Group said its subsidiary Pertama Audio Pte Ltd has sold its property at Peninsula Plaza to a„ third party for $630,000. The net book value of the unit was $496,000.36 words
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Article77 1992-09-19 3 SINGAPORE Pentex-Schweizer Circuits Private Ltdan- > nounced yesterday that it was selling two leasehold properties', at Kian Teck Road for $1.1 million each. Through wholly- owned subsidiary Pentex Circuits Pte Ltd, it has entered mto an agreement with Messrs Peh Thye Chwee and Tan Khen Siam to sell77 words
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Article90 1992-09-19 3 KUALA LUMPUR MGR Corporation Bhd, a leading. Sabah-based timber processor, which is seeking listing on the', KLSE's Second Board, is selling 2.9 million ordinary shares, of Msl.oo (550.64) at an offer price of M 52.30 each. Its chairman Abdul Aziz Mohamed said the company, whicti90 words
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Article73 1992-09-19 3 KUALA LUMPUR Mah Sing Group, a diversified plastics manufacturer enroute to a listing on the Kuala Lumpur Stock Exchange, has forecast a pre-tax profit of M 59.53 million (Ss6 million) for the year ended Dec 31, 1992. The forecast represents a 62.3 per cent increase73 words
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Article64 1992-09-19 3 KUALA LUMPUR Poly Glass Fibre (M) Bhd recorded a group pre-tax profit of M 52.52 million (Ssl.6 million) on'the back of M 56.20 million turnover for the four months ended June 30, 1992. After-tax profit amounted to M 52.26 million. At company level, its pre-tax64 words
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163 1992-09-19 3 Bernama KUALA LUMPUR Honda motor franchise holder Oriental Holdings Bhd has reported a 17 per cent drop in group pre-tax profit to M 592.85 million (Sss9 million) for the six months to June 30. The group said yesterday the lower result was dueBernama - 163 words
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COMPANY BRIEFS
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70 1992-09-19 4 TAIPEI President Enterprises Corp, Taiwan's largest food producer, said on Thursday it had bought the San Franciscobased Famous Amos Chocolate Chip Cookie Corp for US$6O.6 million (about Ss97 million). President Enterprises chairman C K Kao said the acquisition of Famous Amos, with annual sales70 words
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Article59 1992-09-19 4 HONGKONG Hongkong Land Holdings Ltd's 1992 net profit is likely to show growth similar to the 3.7 per cent rise in its interim profit, according to chairman Simon Keswick. Earlier, the landlord reported a U*****.8 million (about ***** million) net profit for the first59 words
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Article77 1992-09-19 4 BRUSSELS The European Commission has imposed a provisional anti-dumping duty of 10.1 per cent on imports of DRAMs, or dynamic random access memory chips, made by Korean companies Goldstar Co, Hyundai Electronics Industries Co and Samsung Electronics Co. The commission said it decided to impose77 words
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Article76 1992-09-19 4 MANILA Top officials of the state-owned Philippine National Oil Co (PNOC) will fly to Taiwan next week and later to Houston, Texas, to scout for investors for a proposed US$l billion (about S$ 1.6 billion) petrochemical project in the country. PNOC is the lead government76 words
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222 1992-09-19 4 FT MILAN and LONDON The largest restructuring of Europe's troubled petrochemicals industry during this recession was proposed on Thursday by Montecatini, the chemicals subsidiary of Italy's Montedison, and Shell chemicals, part of the AngloDutch oil group. They announced a plan to merge their activitiesFT - 222 words
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274 1992-09-19 4 Asahi TOKYO Heartened by signs of a recovery in the US market, Japanese electronics giants are slowly but steadily increasing production of four-megabit dynamic random access memory (Dram) chips. Japanese chip makers, who aggressively invested in facilities to produce fourmegabit memory chips, reducedAsahi - 274 words
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498 1992-09-19 4 But analysts expect the market to pick up next year Reuter JAKARTA A spate of poor results by Indonesian firms are likely to depress the Jakarta stock market even further but analysts are holding out for better times next year and say theReuter - 498 words
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Article, Illustration58 1992-09-19 4 Reuter NEW YORK Mortimer Zuckerman, the owner of US News and World Report, leaving US bankruptcy court here on Thursday after agreeing to pay US$lB million (5528.8 million) to buy the New York Daily News. The court will decide in the next weekReuter - 58 words
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288 1992-09-19 4 JAKARTA The PT Delta Djakarta brewing company, producer of Anker Beer, plans to take over the position of P T Multi Bintang as the leader in the local beer industry. Rubian Harahap, commercial director of Delta, told The Jakarta Post288 words
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181 1992-09-19 4 Reuter BOMBAY Foreign institutional investors in Indian stocks will have to pay a capital gains tax of 40 per cent if they pull out within a year, the head of a regulatory agency said yesterday. Securities and Exchange Board of India chairmanReuter - 181 words
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382 1992-09-19 4 Finance minister calls for reform in the industry FT TOKYO Japan's 14 leading securities houses do not expect to make a profit for the first half of 1992-93, prompting Finance Minister Tsutomu Hata to urge the industry to reform itself in order to regainFT - 382 words
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246 1992-09-19 4 AFP TAIPEI Taiwan authorities moved yesterday to stabilise the tottering stock market, depressed after a leading player succumbed to the country's worst settlement default. The default by Lei Bolong was for shares worth more than NTS7.IB billion (***** million), Taiwan Stock Exchange (TSE)AFP - 246 words
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Page 3 Advertisements
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Advertisement100 1992-09-19 3 IN THE MARKET PAGES SET Index hits year's high 12 Tokyo stocks end firmer 13 V SMITH NEW COURT SECURITIES PTE LTD Our Company name has been changed to: SMITH NEW COURT (SINGAPORE) PTE LTD With effect from 21 st September 1992, together with our subsidiary, SNC Nominees Pte Ltd,100 words
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Page 4 Advertisements
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Advertisement194 1992-09-19 4 'VV Toll-free Tel No-.737-0043 Fax No; 734 3698 Singapore Telecom Changes its Headquarters Telephone Number Singapore Telecom is changing its Comcentre switchboard telephone number Ippf fay-to-day transactions from 734 *****. *****88. This change will take effect on 19 September 1992 at 8.00 am. > Our Direct Inward Dialling (DID) lines194 words
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Advertisement66 1992-09-19 4 jr SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) Pursuant to Article 23C(4) of the Company's Articles of Association, WE HEREBY GIVE NOTICE that as of 18 September 1992 the percentage erf the issued ordinary share capital of the Company in which foreign persons have an interest is 49 per cent.66 words
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FINANCIAL NEWS
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422 1992-09-19 5 JAKARTA The Team for the Coordination of Foreign Commercial Debts has allowed six state-owned banks to obtain offshore loans amounting to US$ 1 billion (SSI.6 billion). An informed source said Bank BNI will receive approximately US$l5O million in commercial loans which will422 words
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261 1992-09-19 5 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange (Simex) has taken disciplinary action against three floor traders and a runner for offences in the trading pits. All were fined and two of them were also suspended from the trading floor for a few261 words
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99 1992-09-19 5 Reuter TAIPEI Taiwan's Cathay Life Insurance Co has agreed to cooperate with the People's Insurance Company of China in the first tie-up between insurance firms from the two sides, a newspaper reported yesterday. The Chinese company will handle claims on behalf of CathayReuter - 99 words
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Article, Illustration43 1992-09-19 5 SYDNEY A businessman reading through Australian papers in a Sydney office. Australian newspapers are awash with stories of the turmoil in international currency markets. Inspite of the world currency crisis, the Australian dollar remeined stable.43 words
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Article, Illustration655 1992-09-19 5 DBS Bank weekly currency review US$/DM: Double bottom objective met AFTER closing above the neckline of the double bottom pattern on Sep 11, the US dollar gapped up more than 500 points on Monday, exceeding the objective of the double bottom pattern at 1.4895 marks.655 words
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272 1992-09-19 5 Bloomberg NEW YORK Lloyd's of London has been served with a lawsuit by two of its US members, who alleged that the insurance company misrepresented the risks involved in investing in Lloyd's syndicates. Members of the Lloyd's insurance syndicates areBloomberg - 272 words
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SMALL CHANGE
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87 1992-09-19 5 JAKARTA Shares in PT Pan Indonesia Bank were suspended from trading on the Jakarta Stock Exchange as some two million of its unregistered shares were traded last month, the exchange announced yesterday. It said the suspension came into effect on Thursday after the exchange87 words
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Article91 1992-09-19 5 TOKYO Japan's banks became net buyers of fixed income securities in August for the first time since March 1990, the Nihon Keizai newspaper reported. Expectations that shortterm interest rates are likely to decline have caused banks to reverse their tendency over the past two and91 words
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Article85 1992-09-19 5 HELSINKI The Bank of Finland said it will publish only middle rates for foreign currencies instead of buying and selling rates with efTect from yesterday. The Bank of Finland stopped setting buy-sell rates because these had little meaning after the markka's flotation on Sep 8,85 words
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Article70 1992-09-19 5 PARIS French insurer Axa SA denied any intention of buying Dutch insurer Aegon. A company spokeswoman was responding to a report yesterday morning in Dutch daily De Telegraaf saying that Axa was likely to bid for Aegon within the next three weeks. "If there'd70 words
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Article76 1992-09-19 5 TOKYO Fukushima Bank, a small regional bank based in north-east Japan, has received approval from the Tokyo Stock Exchange to list its shares on the exchange's second section, the company said yesterday. The application is now waiting for final approval from the Finance Ministry, the76 words
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Article77 1992-09-19 5 BANGKOK The Thai Military Bank Ltd said it plans to launch a US$6O million, 15-year convertible debenture in the Eurodollar market next January and a subordinate debt issue of over US$lOO million next year. Thai Military Bank president Supachai Panichapakdi told reporters the two issues,77 words
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209 1992-09-19 5 AFP NEW DELHI India's central bank admitted yesterday it was sloppy in overseeing the working of various Indian and foreign banks implicated in a staggering US$l.3 billion (552.08 billion) stock market and financial scam. Top Reserve Bank of India (RBI) officialsAFP - 209 words
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Page 5 Advertisements
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Advertisement51 1992-09-19 5 1 1 ACROSS THE NATION AROUND THE WORLD TtUCOMAS AIPHtANT FOR Tin years Telecom Towers, 52-60 Railway Parade, Burwood, Sydney Australia. •16,305m2 net lettable area (approx) •Parking for at least 393 vehicles *Net Income: $5,246 million p.a. Tenders Close: 12 noon, Thursday 29th October, 1992 Contact Francis Lim BKF 634S51 words
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THE REGION
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NOTE BOOK
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79 1992-09-19 6 MANILA Philippine President Fidel Ramos yesterday drdfcred all government agencies to give top priority to the conversion of US Subic Naval Base into a free port and industrial zone. In the order, copies of which were released to the press, Mr Ramos told79 words
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Article97 1992-09-19 6 KUALA LUMPUR Malaysia will recruit 350 foreign nurses to help meet an acute shortage, Health Minister Lee Kim Sai said on Thursday. The Public Services Commission was interviewing candidates from India, Pakistan, Indonesia, Vietnam and Burma, Mr Lee told reporters in Kuala Trengganu, 30097 words
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Article, Illustration31 1992-09-19 6 SYDNEY Four "bumblebees" from a suburban school wait their turn to perform at an Education Week lunchtime concert at the outdoor Martin Place ampitheatre in the City's heart.31 words
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Article71 1992-09-19 6 HANOI People passing through Vietnamese customs -no longer have to declare all hard currency holdings to officials, the Vietnam News reported yesterday. According to a decision taken by the central bank, from September 15, Vietnamese nationals and foreigners holding valid visas will be able71 words
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Article, Illustration465 1992-09-19 6 Harish Mehta - Our main aim is to help restore peace, he says By Harish Mehta SINGAPORE Japan has no economic interest in Cambodia at present and aims to restore peace in that war-torn country, said the Japanese ambassador to Cambodia. The first Japanese troops465 words
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358 1992-09-19 6 AFP HANOI The Vietnamese Communist Party will reinforce its management role in running key public enterprises, the Nhan Dan newspaper said yesterday. Le Phuoc Tho, a member of the party's political bureau, held a meeting on Thursday with officials from sixAFP - 358 words
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273 1992-09-19 6 Reuter BANGKOK Thais have proved reluctant voters, despite the impact of the army's onslaught on pro-democracy demonstrators in May, and analysts said the electorate was still not convinced of the power of the ballot box. Official figures following Sunday's poll, which gaveReuter - 273 words
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SHIPS IN PORT
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Article543 1992-09-19 6 Marina Tan mwal 1 Batam Maju *****2 M03 alongside 19 09/2300 Batafti <Murnt *****2 M04 alongside 18.09/2300 Batav Sprang *****2 M04 alongside 19.09/0500 Batamndo 2 2045S M02 alongside 18.09/1500 Btm Bahagia *****2 M03 alongside 19.09/0500 Praselya Les 005 M03 alongpde 18.09/2300 171" 003 M05 alongside 18.09/2300 Batamndo543 words
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Article1537 1992-09-19 6 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Record Bootint/BataKe Rstts Ship Voy No Etb/Btr Period From To From Aa Jade i03A 19/2359 2 18/1700 19/0659 19/0900 3 19/0700 19/1159 19/1400 Algenri) 2203 20/0700 2 18/1700 19/0659 19/0900 3 19/0700 19/1159 19/1400 Anna Ms 9212 20/2300 1 18/15001,537 words
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THE WORLD
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423 1992-09-19 7 Plunging land prices, higher construction costs prompt review Asahi News TOKYO The Tokyo metropolitan government is being compelled to review its ambitious 8 trillion yen (Sslo3 billion) waterfront development project, largely due to a drop in land prices and an increase in construction costs. TokyoAsahi News - 423 words
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Article, Illustration371 1992-09-19 7 »RESH|Eim? da/^C: NYT JONESBORO, Georgia President George Bush delivered a slashing assault on Governor Bill Clinton's economic policies on Thursday, painting his rival as a "social engineer" whose proposed tax and spending increases threatened the lifestyles and freedoms of Middle America. Unleashing someNYT - 371 words
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135 1992-09-19 7 Reuter DALLAS Billionaire businessman Ross Perot said on Thursday the chances of him re-entering the 1992 US presidential race were about as likely as him "leaping over a tall building in a single bound". In answer to a question from Reuters of whetherReuter - 135 words
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129 1992-09-19 7 AFP LOUISVILLE, Kentucky Economist Arthur LafFer, whose theories inspired Reagonomics, says he will vote for Democratic candidate Bill Clinton in November. An early supporter of President George Bush, he has been a vociferous critic of the president since he broke his pledgeAFP - 129 words
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411 1992-09-19 7 Reuter WARSAW Nearly three years of reforms have not quite turned Poland's drab capital into a swinging city, but they have changed it for the better. The visitor returning to Warsaw for the first time since Poland ditched communism and quickly introduced marketReuter - 411 words
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421 1992-09-19 7 NYT WASHINGTON The roll-er-coaster Arab-Israeli peace talks took another wild turn on Thursday when Syria, one day after declaring progress with Israel, announced that the negotiations were deadlocked and that only urgent US intervention could save them. What appears to haveNYT - 421 words
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288 1992-09-19 7 Reuter SEOUL South Korean President Roh Tae Woo said yesterday he would quit the ruling party, yielding to a key opposition demand that he remain neutral in elections for his successor later this year. "President Roh will quit the Democratic Liberal Party (DLP)Reuter - 288 words
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192 1992-09-19 7 Reuter TAIPEI Taiwan President Lee Teng-hui has called for Asian countries to set up a system of collective security and contribute to a fund promoting regional peace. "I believe it is necessary to establish a system of collective security in Asia," a PresidentialReuter - 192 words
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WORLD WATCH
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54 1992-09-19 7 HONGKONG Emperor Akihito will not apologise for Japanese war atrocities during his October visit to China, as the trip is "not a political" one, Japan's deputy foreign minister said here yesterday. "The emperor will be visiting on a goodwill mission," Koichiro Matsuura said. "It's54 words
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Article65 1992-09-19 7 ISLAMABAD The Opposition People's Democratic Alliance on Thursday criticised Prime Minister Nawaz Sharif for purchasing a US$42 million (SS67 million) luxury plane for his foreign trips. "He is wasting public money on luxuries a poor country like Pakistan can hardly afford," said an opposition spokesman.65 words
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Article, Illustration35 1992-09-19 7 SARAJEVO, Bosnia A young man looking at the hole in lib kitchen wall on Thursday after an artillery shell went through his apartment building. Heavy shelling was reported in die Bosnian capital on Thursday.35 words
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Article70 1992-09-19 7 SEOUL South Korea yesterday signed an agreement with Canada to buy two nuclear power plants for US$79O million (S$ 1.26 billion), an official said. "We are excited about playing a bigger role in this country's energy future," Canadian Federal Energy Minister Jake Epp70 words
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Article64 1992-09-19 7 MOSCOW Russia is pressing for a 10 to 15-year defeifal of its foreign debt, Moscow's representative to the world's international financial institutions said in an interview published on Thursday. Konstantin Kagalovsky told the Nezavisimaya Gazeta daily that Moscow is involved in intensive talks with the64 words
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201 1992-09-19 7 Reuter OTTAWA Canada's exports and imports soared to record levels in July as its merchandise trade surplus widened to C 5623 million (SsBlo million), the government said on Thursday. Canada's trade with the US also hit a new record, underscoring theReuter - 201 words
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Advertisement76 1992-09-19 7 CALLING AIL TELEVIEW USERS! tOCITIZEN YOUR PRIZE! Simple! All you have to do is to punch *410# for SPH Shine on Teleview. Come into our "Sports Health" Section enter the Shine Sports Quiz. You can stand to win exclusive j Citizen timepieces including the r~HI A Promaster Wingman featured HAH76 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3917 1992-09-19 8 S N Vasuki - Events over the weekend will dictate how stocks perform next week By S N Vasuki UNCERTAINTY continued to haunt the Singapore stock market yesterday and the benchmark Straits Times Industrials Index retreated another 9.94 points to 1,341.86 way below the technical resistance level of3,917 words
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Article, Illustration80 1992-09-19 8 Quak Hiang Whai - -By Quak Hiang Whai TAT LEE BANK, unable to break out of the triangle that it has been trading in for the past five years, is consolidating in a band between $3.00 and $3.20. Most of the indicators are neutral, which means the stock is likely to driftSOURCE: BRIDGE INFO - 80 words
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Article3172 1992-09-19 9 SPH Foreign 1300 30 2.4% DBS 1080 +10 +0.9% DBS Foreign 1120 +10 +0.9% Robinson 650 +10 +1.6% Alliance Tech 81 +5 +6.6% 1CB 540 +5 +0.9% Wearnes 302 4 +1.3% Venture Mfg 25* 57 3Vi +6.5% Haw Par 207 +3 +1.5% City Dev 50»3,172 words
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Page 9 Advertisements
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Advertisement135 1992-09-19 9 I fshinel YOUR KEY TO BETTERBUSINESS DECISIONS! Shine is Singapore Press Holdings' inforich database financial statements highlights, graphs, latest results team: T. S. Liu on 740 1035, Hazel Ong on 740 1771 on Teleview, which incidentally is the most advanced and company news. or Tony Chia m A videotext system135 words
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Article3381 1992-09-19 10 Leader U 660 +30 +4 Tech Resources 65 +17.1% 9% Genungs 50» 780 +15 +2.0% Sateras Res 48% +10.2% 4% Berjaya Leisure 156 +14 +9.9% Berjaya Leisure 156 +9.9% +14 Tech Resources 65 +9% +17.1% Innovest Bhd 39% +8.2% +3 Sungei Way 213 +7 3.4%3,381 words
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Page 10 Advertisements
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Advertisement295 1992-09-19 10 Someone dose has been Rving Your son in Canada is studying for some years, overseas. BPjfmH And you uJSISS 6 ■OK/11IFS orv n, lr long letters. want him The straits Times ■KM close to home weekly tefls It bettet -with news (He might KTHS-WTfS from home. comeback kniWfil after reading295 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5291 1992-09-19 11 Bernama SHARE PRICES in Kuala Lumpur continued to attract speculative support yesterday to close slightly higher although the currency turmoil in Europe has kept institutional support away. Lower-liner stocks attracted speculative buying to dominate the day's trading while blue chips were generally underBernama - 5,291 words
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CHINA STOCK EXCHANGES
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Article, Illustration409 1992-09-19 12 CLSA IT! WAS A listless day in the Shanghai A share market yesterday with the index sliding points to end at 5,209.35. iThe Shenzhen domestic market moved in the same direction as in the Shanghai market, the A Index eased 30.82 to closeCLSA - 409 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration954 1992-09-19 12 JAKARTA STOCK prices closed generally lower in thin trade yesterday, brokers said. The Official Index eased to 296.19 from Thursday's 296.39 on turnover of 1.22 million shares. Astra International fell 200 rupiah to 10,000. Inco slipped 50 to 3,150. Strong foreign interest954 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2140 1992-09-19 12 Bloomberg THE SET Index gained 11.19 points to reach a 1992 high of 835.45 yesterday with advaqping issues outnumbering decliners almost two to one. Turnover was 16.7 billion bajrt, breaking the market's alKime record of 14.8 billion balit* set in February. Investors areBloomberg; Source: Bridge Info - 2,140 words
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Page 12 Advertisements
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Advertisement64 1992-09-19 12 JPWyjMlffillL II I I 111 I I ■1 I I ll■l I I I 111 B II I I Find out in I II I IHiH I I H III" I I II I 1 I I Personal Investment and Finance. II I I I Ift Ift I II I64 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2568 1992-09-19 13 Reuter TOKYO STOCKS staged a late rebound yesterday to close modestly higher. Indexlinked buying helped lift prices following reported comments by Prime Minister Kiichi Miyazawa that the government may take further steps to help the financial system, brokers said. The 225-share Nikkei Average wasReuter - 2,568 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2485 1992-09-19 13 Reuter HONGKONG shares yesterday strengthened in moderate trade on the back of local issues' sharp gains in London on Thursday, but failed to break above the 5,700 level after flirting with it most of the day. The blue-chip Hang Seng Index jumpedReuter - 2,485 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2090 1992-09-19 14 Reuter THE AUSTRALIAN stock market closed comfortably firmer yesterday, having looked past world currency concerns to focus instead on big rises by News Corp and BHP. "There were only two stories today News Corp and BHP," one broker said, summing up theReuter; Source: Bridge Info - 2,090 words
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REGIONAL STOCK MARKETS
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Seoul shares firm on technical rebound
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Article814 1992-09-19 14 SOME INSTITUTIONAL support and a technical rebound led the Seoul market to a slightly higher close yesterday, brokers said. The Composite Stock Index gained 1.36 points to 535.02. "The index rose slightly, aided by a technical rebound following three straight days of declines," a dealer said. "The market, still814 words
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Article555 1992-09-19 14 MANILA SHARE prices slipped modestly yesterday in the absence of fresh incentives and some profit-taking, dealers said. The Manila Stock Exchange Composite Index lost 5.69 points to close at 1,421.33. "Trading was largely dominated by technical factors in the absence of fresh incentives to buy up," said a broker.555 words
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Article74 1992-09-19 14 BOMBAY SHARE prices on Thursday fell on heavy selling by state-owned financial institutions and bulls who fol- lowed suit, brokers said. The BSE Index fell 26.78 points to 3,378.18. The National Index fell 18.75 to 1,497.80. A trader said that Tuesday's hike in petrol and petroleum product prices affected74 words
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Article464 1992-09-19 14 TAIWAN SHARES plunged at yesterday's opening after Thursday's 6.1 per cent drop, but the market soon came up to finish mixed on institution-led buying of blue chips, brokers said. The Weighted Index, which was down more than 120 points in early trade, ended 4.09 points lower at 3,437.60. Turnover464 words
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Article324 1992-09-19 14 NEW ZEALAND stocks ended a mixed and thinly-traded Thursday session to close a tumultuous week on a dull note. The NZSE-40 Capital Index closed down 9.52 points at 1,474.43. Turnover was seven million shares, worth NZ$l4.2 million. Brokers expect volatile trading next week as the outcome of the324 words
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Article52 1992-09-19 14 INDICES TURNOVER Cloae PrerioM Sep 18 NEW ZEALAND NZSE-40 Capital MAIIII i 1.474.43 1,483.95 -9.52 MANILA Composite Index 1,421.33 1,427.02 -5.69 Turnover (mil pesos) 329 348.7 -19.7 TAIPEI Weighted Price Index 3,437.60 3,441.69 -4.09 Turnover (NTS billion) 16.6 18.8 -2.2 SEOUL Composite Stock Index 535.02 533.66 1.36 Turnover (billion won)52 words
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WORLD STOCK MARKETS
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US stocks ease in cautious trading
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Article, Illustration1288 1992-09-19 15 NEW YORK stocks closed lower in cautious trading on Thursday as investors weighed Britain's decision to rescind its interest rate hike and braced for yesterday's "triple-witching hour". The Dow Jones Industrial Average lost 3.51 points to 3,315.70. The New York Stock Exchange Composite Index eased 0.10 to 230.97,1,288 words
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Article, Illustration791 1992-09-19 15 LONDON SHARE prices leapt on Thursday, making their strongest gains since the Conservative election victory in April, ironically because the lower pound and interest rates meant the government had been forced to abandon a key plank of its economic policy. The FTSE index of 100 leading shares jumped 105.6791 words
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Article74 1992-09-19 15 INDICES TURNOVER NEW YORK Close PrevioiH Sep 17 Dow Jones SAP 500 Turnover (million) 3,315.70 419.93 188.31 3,319.21 419.92 231.60 -3.51 +0.01 -43.29 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,815.2 2,483.9 1,363 1.716.4 +98.8 2,378.3 +105.6 640.3 722.7 FRANKFURT DAX Index 1,578.67 1.584.56 -5.89 AMSTERDAM EOE Index 289.8174 words
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Article80 1992-09-19 15 Stockholm <. Sep 17 Skr +7Asea 331.00 5.00 Astra 530.00 unch Atlas Copco 265.00 -5.00 Ericsson 120.00 unch Esab 170.00 -10.00 S-E-Banken 11.50 -2.50 SKF 85.50 2.50 Sandvik 330.00 3X0 Skandia 57.00 -1.60 Volvo 280.00 -5.00 Source: S-E-Banken Vienna Sep 17 Asch Akg Holding 2090 110 Bank Austria (P) 44380 words
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Article193 1992-09-19 15 FRANKFURT stock market indicators were mixed on Thursday, as trading remained very nervous, operators said. The DAX Spot Trend Index shed 5.89 points to end at 1,578.67, but the Commerzbank indicator advanced by 29 to end at 1,752.40. Operators commented that the market's short-term future was unpredictable in view193 words
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Article298 1992-09-19 15 DUTCH SHARES gave up some of their early gains on Thursday as worries about the French referendum on the EC's Maastricht Treaty came to the fore again. The EOE Index ended up 0.04 points at 289.81. "The market is calming down and is focusing again on the French referendum298 words
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Article170 1992-09-19 15 AN EDGY PARIS bourse ended with modest losses on Thursday as disappointment over the falling dollar and the Bundesbank's failure to cut interest rates snuffed out a rally. The CAC-40 Index ended off 7.04 points to 1,852.74. Volume was three billion francs sizeable but well below turnover on more170 words
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Article161 1992-09-19 15 ITALIAN SHARES on Thursday traded mainly higher after the lira's temporary suspension from the ERM as dealers scented a possible cut in official rates. But the mood remained extremely nervous in view of the French referendum on Maastricht. The MIB Index finished up 19 points at 715. "We started161 words
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Article297 1992-09-19 15 SWISS SHARE prices closed higher in heavy volume on Thursday, dominated by foreign demand. Major banks and first-line industrials were in the limelight, dealers said. The blue-chip SMI rose 15.6 points to 1,889.6, while the broader SPI firmed 7.5 to 1,155.7. "Currency movements and sharply higher Swiss bond prices297 words
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Article420 1992-09-19 15 SOUTH AFRICAN industrial blue chips attracted strong demand in steady trade as gold shares pared strong early morning gains in steady trade on Thursday after the bullion price fell back, dealers said. Golds soared 3.07 per cent in value within the first 15 minutes of trade on mostly professional420 words
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Article197 1992-09-19 15 BELGIAN SHARES closed higher on Thursday after a hectic day's trading, winning support from the firm dollar and a crisis in European currency markets. Dollar-sensitive stocks led the way and the Bel-20 Index of leading shares closed at 1,131.56. "We had not expected such a strong performance from Brussels197 words
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Article400 1992-09-19 15 A STRONG Canadian dollar eased cur- rency concerns, but Toronto stocks end- ed lower on Thursday as players j remained cautious, dealers said. The French Maastricht vote tomorrow, the J triple-witching expiry yesterday and"* concerns about European currencies all pressured the market. The TSE 300 Index closed down 7.77400 words
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Page 15 Advertisements
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Advertisement18 1992-09-19 15 Managers must manage. BT shows you how every Monday. When people want' fast results they call C.A.T.S. 737-116618 words
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CURRENCY, MONEY & FUTURES MARKETS
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1188 1992-09-19 16 REPORTS ASU 3 Tokyo: The dollar closed higher against the mark and sterling in thin Tokyo on position squaring ahead of a busy weekend, although its gains against the mark were sharply reduced by some mark buying around the1,188 words
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Article407 1992-09-19 16 Cross rates sepis USS SS MS Dm Yen SFr A$ NZS USS 1.6000 2.5090 1.4830 124.40 0.5621 1.2920 1.3736 1.8416 SS 0.6250 1.5681 0.9269 77.7500 0.3513 0.8075 0.8585 1.1510 MS 0.3986 0.64 0.5911 49.5815 0.2240 0.5149 0.5475 0.7340 Dm 0.6743 1.0789 1.6918 83.88 0.3790 0.8712 0.9262 1.2418407 words
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Article528 1992-09-19 16 Interbank rates S$ Bid Offer Oemight 2 7/8 3 1-month I IS/16 2 1/16 2-month 2 2 1/8 3-month 2 1/16 2 3/16 CfrcnMght mode: 3 U6S Bid Offer 7 days 3 1/8 3 1/4 1 month 3 1/4 3 3/8 2 months 3 3/16 3 5/16 3528 words
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313 1992-09-19 16 Russia struggling to prop up value of battered currency AFP MOSCOW Russia's central bank, struggling to prop up the value of the battered rouble, pumped millions of US dollars this week into the Moscow Interbank Currency Exchange (Mice), analysts said on Thursday. As aAFP - 313 words
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Article1569 1992-09-19 16 SIMEX Eimooomut Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 96.83 96.84 96.81 96.83 7900 ***** ***** Mar 93 96.75 96.75 96.72 96.74 5000 ***** ***** Jun 93 96.44 96.45 96.41 96.42 3850 4867 8015 Sep 93 96.07 96.08 96.04 96.05 2600 1068 1900 Dec 931,569 words
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Page 16 Advertisements
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Advertisement7 1992-09-19 16 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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365 1992-09-19 17 Reuter GENEVA Opec ministers agreed on Thursday to freeze crude production near current levels for the rest of the year in a bid to push world oil prices up to their elusive target of US$2l per barrel. The deal hammered out byReuter - 365 words
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281 1992-09-19 17 Reuter GENEVA Ecuador, on the verge of quitting Opec so it can pump oil at will, is to remain a member of the producers' group until Opec holds its twice-yearly conference in November, Oil Minister Andres Barreiro said yesterday. Mr Barreiro, leavingReuter - 281 words
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741 1992-09-19 17 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market finished five sen higher at M$ 16.65 per kg yesterday due to follow-through buying support ahead of the weekend. Dealers said the market which closed sharply lower on Thursday managed to settle741 words
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Article1468 1992-09-19 17 Kupoer BU C——Oy Ciriufi (W— d—at at lp) m l gggg (Scents/kg) Qosc Volume Open Month High Low Sett (tonnes) Interest Oct 92 0.00 0.00 140.00 0 1,175 Nov 138.50 138.50 138.50 50 3,425 Dec 136.25 136.00 136.25 500 4,125 Jan/Mar 93 135.50 135.00 135.25 675 16,500 Apr/Jun 0.001,468 words
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Page 17 Advertisements
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Advertisement1282 1992-09-19 17 BUSINESS TIMES Toll free Tel No 737 0043 'Fax No; 734 -3606 LOST C£R"nRCATEB tataafcg oortMcaaao haw boon npoiM toot. mm or doaeayad: Na. of ttrrV NamocfCorrpony Ott.No>. MOwwamaot No.ofSh«o« MaMyanCrodllMM A *****01 Balaa Nomlnooo 111 XXX PMwvHoidhVilMMOOQMflai W«q Ifn rn> TalLoaßonfcLMod *****606 LaaChoy Baom 1i 300 *****611 PohEg 84B»1,282 words
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498 1992-09-19 18 Loh Hui Yin - From Loh Hui Yin in BANGKOK AS THE four-party pro-de-mocracy alliance remains divided over which other party should be invited to join their coalition government, the pro-military Chart Thai Party has thrown a spanner in the works. It wants to stake a498 words
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Article, Illustration535 1992-09-19 18 European currency crisis But officials resigned to being mere spectators IHT TOKYO Asia is keeping a close eye on the turmoil in the European Monetary System, but officials are resigned to being mere spectators, convinced there is little they canIHT; The Economist - 535 words
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236 1992-09-19 18 AFP HONGKONG A pro-Bei-jing daily here blasted the Hongkong government's new airport funding proposal to use HK$4O billion (about SsB.2 billion) from the sale of land along a planned rail link. In a strongly-worded editorial, Wen Wei Pao likened the new proposal to "takingAFP - 236 words
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220 1992-09-19 18 UPI BEIJING China warned on Thursday that deteriorating Sino-US ties could be repaired only by a US decision to revoke the sale of ISO jet fighters to Taiwan. China repeated its decision to withdraw from a US-initi-ated Middle East arms controlUPI - 220 words
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492 1992-09-19 18 AFP SINGAPORE Asia's main trading partners with Europe are quietly rooting for a "yes" vote in France's referendum on the Maastricht Treaty, worried that its rejection could worsen the stormy money markets and threaten trade growth. While once fearful of a protectionistAFP - 492 words
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170 1992-09-19 18 Reuter WASHINGTON US officials stepped up their calls yesterday for lower European interest rates and they forecast Germany Would likely come under the most pressure for changes at a series of international meetings in the next few days. Treasury Undersecretary David Mulford told CNNReuter - 170 words
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Article97 1992-09-19 18 Reuter LONDON London's foreign exchange dealers, the whizz-kid gamblers who helped bring sterling to its knees on "Black Wednesday", will be back at their desks tomorrow night looking for another financial killing on France's Maastricht referendum result. With global electronic trading conducted around the clock, theReuter - 97 words
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505 1992-09-19 18 AFP, Reuter PARIS A "yes" vote in France's referendum on closer European union would calm the financial markets but would be unlikely to dispel growing doubts about the benefits of economic and monetary union (EMU), French economists said yesterday. EndorsementAFP,; Reuter - 505 words
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Page 18 Advertisements
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Advertisement185 1992-09-19 18 INVESTMENT Every Saturday in Business Times BUS I NESS T I M E S Toll fr— TM No 737 0043 Fax No; 734 36P8 ESS P "1 INTERNATIONAL STOCKBROKING We are a dynamic and growing regional stockbroking and financial services group, active in Asian equity markets. Our clients are major185 words
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Advertisement47 1992-09-19 18 Clinton touches on family issues I II Wi—— <1 P ■—k I m -I^——g-T— DENVER Democratic presidential candidate Bill Clinton greeting well-wishers at the Denver Civic Centre park on Thursday. Mr Clinton addressed family and economic issues to tne crowd of about 30,000. More reports, Pg 747 words
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Advertisement6 1992-09-19 18 (Vestment Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1333 1992-09-19 19 Nirmal Ghosh - Are today's competitive parents raising neurotic robo-tots? Nirmal Ghosh looks at the pitfalls of kiasu parenting Nirmal Ghosh WITH the growing competition in Singapore's schools, the need to prepare children for the challenge of academic pursuits seems a logical one. To give their children the best advantage,1,333 words
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STRAWS IN THE WIND
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Article35 1992-09-19 19 STILL confused over the difference between pornography and erotica? Here's a definition from a recent issue of USA Today: "Erotica is what rich people buy. Pornography is what the rest of us get."35 words
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Article59 1992-09-19 19 SOMEONE called up the Criminal Investigation Department, asking to speak to an officer from the Gambling Suppression Unit. She was put on hold, during which she was subjected to a continuous rap that kept repeating the words, "give it away, give it away, give it away NOW!" Was59 words
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Article73 1992-09-19 19 WHATs a good way to i©t duce your cholesterol level? One frequent traveller suggests going to Calcutta. Before going, his medical cheok-up revealed an elevated cholesterol level in the region of 250. When he came back, another check-up re* vealed that the level had dropped to below73 words
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Article45 1992-09-19 19 JUST as you can't judge a book by its cover, you can't judge it by its publisher either. At the recent Book Fair was a publisher called Peace Book Company. Its book titles included The Opium War and The Chinese Revolution of 1911.45 words
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OPINIONS
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Article, Illustration793 1992-09-19 20 Neville Stack - Neville Stack believes Europe is barking up the wrong tree with the Maastricht treaty and wishes he could participate in a referendum like what the French will be doing tomorrow Neville Stack The writer is a UK-based journalist who contributed this comment to BT AS A793 words
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Article, Illustration1007 1992-09-19 20 Paul Leo - Paul Leo looks at the confusion which reigned in the world's currency markets this week and how it affected the dealers here Paul Leo The writer was formerly an interbank dealer WHAT was life like this week for currency dealers in Singapore amid the chaos in the1,007 words
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Article733 1992-09-19 20 Anthony Lewis - Anthony Lewis says the United States must face up to the real world and change the course of its economy Anthony Lewis NYT REALITY has a way of catching up with illusionist governments. That has just happened in Britain. Americans may look at the British story withNYT - 733 words
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SOCIETY
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Article, Illustration1396 1992-09-19 21 Neville Stack - After the financial revelations and prurient scandals, the Queen of England and her advisers need to consider how they can go about restoring royalty to public favour, says Neville Stack Neville Stack FROM the days when it became more expedient to hand the crown to1,396 words
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Article, Illustration730 1992-09-19 21 Nirmal Ghosh - Truang My Hoa, president of the 1 lm-strong Vietnamese Women's Union, talks to Nirmal Ghosh about the status of women in her country and the challenges that lie ahead Nirmal Ghosh TRUAN.G My Hoa, 45, grew up in war-ravaged Vietnam and, caught in the swirl of politics,730 words
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EPICURE
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Article, Illustration402 1992-09-19 22 Quek Swee Peng - Pete's Place has added tangled threads to its soup and salad buffet. Quek Swee Peng drops by for a bite Quek Swee Peng SOME PEOPLE never change at Pete's Place, like the soup-and-salad-lunching crowd. Merrily, they pile their plate with pickled mushrooms, lettuce, tomatoes, boiled beans and drown402 words
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LIFESTYLE
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Article, Illustration749 1992-09-19 23 N K Yong - The red wines of New Zealand are being compared favourably with the world's best WINE By N K Yong THE white wines of New Zealand are enjoying a fast-rising reputation which is the envy of the Californians and the Australians. The reds749 words
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901 1992-09-19 23 Edward Peters - It may not be a gourmet's paradise, but the airport a offers a variety of restaurants and pubs to satisfy the hungry traveller. Edward Peters reports ijg Edward Peters Business Traveller Legend has it that not so many years ago, one ofBusiness Traveller - 901 words
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PEOPLE
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Article, Illustration252 1992-09-19 23 IT MAY have been the first day after the Hun- I gry Ghost Month, but i for the superstitious, this was i not a very consoling thought i as they rode up the rickety, makeshift elevator with unplanned stops between floors to the 21stPhotos by Arthur Lee and Chris Loh - 252 words
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Article, Illustration126 1992-09-19 23 IT WAS a significant moment for British Petroleum (BP), and top management from both the Singapore office and the Asia-Pacific headquarters turned out in full force for the event. The occasion was the award of Overseas Headquarters (OHQ) status to the group's regional office126 words
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PURSUITS 1
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Article, Illustration836 1992-09-19 24 Susan Tsang - David Kwo tells Susan Tsang why he feels that Chinese artists should stop being so conservative and learn to communicate with a wider audience Susan Tsang PHYSICALLY, David Kwo's art education has spanned two continents. Philosophically, however, it is more like two worlds. A student of Qi836 words
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Article, Illustration576 1992-09-19 24 Nirmal Ghosh - If you see youngsters sifting through garbage on our beaches today, do lend them a hand. It's all for a good cause, says Nirmal Ghosh j Nirmal Ghosh ONE THOUSAND and two hundred people, mostly students, will be scouring the beaches of Changi, -the east and576 words
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Article, Illustration575 1992-09-19 24 Nirmal Ghosh - White Tiger By Joseph R Yogerst Mandarin Paperbacks 504 pages, $16.90 Reviewed by Nirmal Ghosh Singapore-based freelance journalist Joseph R Yogerst has reportedly succeeded in selling the film rights to this book to a Hollywood producer probably a first for a book published in Singapore.575 words
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Article, Illustration424 1992-09-19 24 Susan Tsang - Susan Tsang finds Body Heat a pretty hot screen experience Susan Tsang WE've heard a lot about Body Heat, and at last, 11 years late, comes a chance to see Kathleen Turner's first film. Better late than never, especially since, among the goodies, the424 words
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Article, Illustration1200 1992-09-19 25 David Brazil - For those who are curious about Antarctica but cannot or would rather not venture so far south, there's always Christchurch's International Antarctic Centre. David Brazil reports on its newly opened Visitors Centre David Brazil DAVID Bellamy paid a rich compliment to the new Visitors Centre1,200 words
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Article, Illustration972 1992-09-19 25 Maggie Ford - Maggie Ford discovers a tropical art deco paradise in Bandung, birthplace of the Non-Aligned Movement Maggie Ford ~TWT EARLY 40 years ago, an l\l historic occasion took X place in an historic town, something the delegates to the Non-Aligned Summit in Jakarta would have remembered as they made972 words
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SPORTS
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SIDE LINES
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81 1992-09-19 28 HONGKONG France's Pierre Lartigue, in a Citreon, held the overall lead on Thursday as the Paris-Moscow-Beijing marathon raid entered China, the Xinhua news agency reported from Kashgar. Lartigue was 30 minutes ahead of Japan's Kenjiro Shinozuka, in a Mitsubishi, after a 686-km untimed stage from81 words
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Article, Illustration121 1992-09-19 28 SEVILLE, Spain Diego Maradona threatened to return to Argentina on Saturday unless FC Sevilla reach an agreement with Napoli on his transfer from the Italian club. "My decision is made," he said on Thursday. "I have told Marcos (Franchi, his agent) to book the tickets for Saturday.121 words
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Article79 1992-09-19 28 WASHINGTON Olympic lightweight boxing gold medallist Oscar De La Hoya has signed the biggest management contract ever for an amateur boxer, worth about US$l million (SSI -6 million). The Los Angeles fighter signed contracts with booking agent Robert Mittelman and New York banker Steve79 words
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Article98 1992-09-19 28 INDIANAPOLIS Calvin Smith, former world record holder at 100 m and a member of the winning 4xloom relay at the 1985 Athletics World Cup, carries the US colours again seven years later at Havana this month. Smith is to race the 100 m, with world98 words
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205 1992-09-19 28 AFP COAL VALLEY, Illinois South African David Frost shot a spectacular eight-un-der-par 62 here on Thursday to take a two-stroke lead on the rain-disrupted first round of the Hardee's Golf Classic. Frost, winner of the Bukk Classic in June, nabbed three birdiesAFP - 205 words
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Article, Illustration550 1992-09-19 28 Lancome Trophy AFP PARIS Jose Maria Olazabal shot a five under par 65 to take a first-round lead in the Lancome Trophy here on Thursday and then complained he wasn't striking the ball well enough. "I'd settle for a 65 any day at theAFP - 550 words
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Article, Illustration589 1992-09-19 28 Once discarded because of an injury, German captain Matthaeus is now back at his new club Reuter BONN Nobody need tell Lothar Matthaeus that there is a very thin line between glory and disaster in soccer. He has learned all about it in the past twoReuter - 589 words
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Article598 1992-09-19 28 Fifteen airships, which look like bathtub toys for grown-ups, are competing in the third World Dirigible Championship NYT BESANCON, FRANCE For six days ending tomorrow, 15 Gaudy blimps from 11 countries have been bobbing, darting and speeding at their fastest, which isn't awfully fast, in a seriesNYT - 598 words
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354 1992-09-19 28 AP DENVER Walter Davis, one of the best pure shooters ever to play basketball, announced his reticeipGflt on Thursday after 15 NBA seasons. Davis, 38, ended his career as the No 18 scorer in NBA history with 19,521 points in 1,033 regular-sea-son gamesAP - 354 words
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Article1240 1992-09-19 29 C** ETA fght CTD Cttj FigM ET* Fjgt ETB GA860 0045 MH640 0005 SQ102 0730 MatoMa QfH 1955 0F82 2205 MH630 0855 MH604 0740 SQ228 2025 SQ103 0950 SQI04 0830 MH605 1020 MH670 0950 RJ187 0130 SQ105 1050 SQ106 1045 Aaatarrta* SQ319 0715 MH642 1220 SQ1081,240 words
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THE TRAVEL PAGE
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Article, Illustration566 1992-09-19 29 Christopher Michaud - LETTER FROM NEW YORK By Christopher Michaud FOR American tourists who wistfully recall the bygone summer of 1985 when the US dollar was king in Europe, this week's currency crisis could be the best news since those heady days. While the French franc and566 words
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Article151 1992-09-19 29 As at 10am vesterdn: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1600 1.1800 Canadian dollar 1.3020 1.3290 NZ dollar 0.8588 0.8763 Sterling pound 2.8368 2.8733 US dollar 1.3930 1.6030 Local dollars to 100 uits of fuelga cviucy Austrian schilling 13.11151 words
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Article77 1992-09-19 29 Duration Title Venue Organiser Td Duration Title Venue Organiser Td i Oct 19-22 IFRA 92 Palexpo. INCA F1EJ *****1-*****2 Oct 20-22 British Marine Sandown Nationai Boat 0923-«***** Exhibition Geneva Research (fax) Trade Show Exhibition Shows Ltd Congress of Association Qr Esher. Newspaper Surrey Technology Oct 20-23 International77 words
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Article622 1992-09-19 30 Bask Instinct Michael Douglas is a cop who investigates Sharon Stone for murder, and loves what he sees. More hype than substance. A Bgrade plot trying desperately to be stylish but failing dramatically. Orchard: 11; 1.30; 4; 6.45; 9.15. Majestic: 1; 3.30; 7; 9.15. Oaeon-Katong: 3.30; 6.45; 9. Golden622 words
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TIME OFF
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Article185 1992-09-19 30 Singapore Symphony Orchestra •Conducted by Choo Hoey, the concert features Lim Jing Jmg at the piano and Pavel •Prantl on the violin. Lim, who is performing with the SSO for the third time, has given concerts in Beijing and .other major cities of China. Prantl has been concertmasIterof the185 words
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Article, Illustration309 1992-09-19 30 Yasotha M - Compiled by Yasotha M Nhtgfni Spirit by Tan Kwank I iftfg The heart of this exhibition is a series of eight paintings done by Tan Kwank Liang during his three-month sojourn in the outermost reaches of Papua New Guinea. Venue: Notices: the Gallery, Hilton International Singapore, #02-26/27. On till309 words
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Page 19 Advertisements
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Advertisement254 1992-09-19 19 RIO 3|3|4| 3|5l8|8 3 3 4 3 6 S S W$t: G£ographique. AROUND THE WORLD IN 24 HOURS. 1 THE WORLD HAS M NEVER SEEN A WATCH QUITE UKE O^PHglgMfflH THE MECHANICAL CCOGRAPHIQUE ■PJL-*U BEFORE: FASHIONED in id kcold, rr ipf^tf/r m^t^L. AUTOMATICALLY iT 1 Z' SETTING NEW STANDARDS IN254 words
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Advertisement137 1992-09-19 20 k <^H Wf SL^^H n jPF K HI v I MHR .fpWr «RF. |H/T .%^^^^Hcp.?^|fl^^Hgy9^^^^^BßP| Willi <#* Scalpel...scissors._sutures._ Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. ;™r n £?J. 0 v be kept ,or,Md mal nl! Essential InformaUon accessible every business137 words
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Page 20 Miscellaneous
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Miscellaneous52 1992-09-19 20 DOONESBURY GARRY TRUDEAU HCEHjOOKNG OOUPLB. LETS I vrv /«r a* I IHOUYWOOP EUTE. NEXT'\ CHBCKOUTTHBRWUieS. I AW NOW RJ6HT HERE I'M IN SHOW NO.. NO, ITS NOT H&S I you FOLKS I wUs> LOOKING NMAUBU. BUSINESS. I UKBTHAT! UJE'FE GOT A I MA&JBP'i I fOMFP UANTTDUORK FROM THE CHAOJON SUN'6O52 words
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Page 21 Advertisements
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Advertisement278 1992-09-19 21 THE WINNING EDGE I L \j v For over two decades Singapore Business has covered Jj fY 0 e loc al regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an unfair advantage.278 words
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Page 22 Advertisements
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Advertisement497 1992-09-19 22 Nothing Beats A Bud. or Penang High Tea Penang High Tea comes to bpk Ws* mined tpccialitica are: I v Kueh Pai Ti, CheeCheoogFun, At onl y Sit.Bo++ per Nonya Kueh, adult and $6.80+ per child, Bubur Hitam and inclusive of coffee/ tea, this is Bubur Terigu. one high tea497 words
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Advertisement267 1992-09-19 22 WHERE TO WINE, DINE... Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our Sunday tea special also includes Karaoke at Singsation, Singapore's only theme karaoke. Weekend Hi Tea: $10.51 (adult) Cafe267 words
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Advertisement293 1992-09-19 22 WE VE JUST BRED A NEW WINNER at The Stables The Businessmen's Derby Lunch t&ff? A dclcctablc choice of appetisers and soup. followed closely by your pick from five delightful main dishes and a selection of desserts Finish m turn with coffee or tea. Only $28.00+ 333 Orchard Road. Saigxporr293 words
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Page 23 Advertisements
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Advertisement230 1992-09-19 23 AND ENTERTAIN ?:^M^BBBBK3L i^A\ TRULY INTERNATIONAL Thai's our culinary offering every Saturday, with a potpurri of fascinating flavours. At Cafe4Mbe-P*rfc Buffet Lunch from 12 pm Buffet Dinner from 6.30 pm At $19.50+ per person ANA HOTEL For reservations, please call SINGAPORE »ni <111 a ihaa 16 Nwm Sngapor* 1025 732-1222230 words
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Advertisement86 1992-09-19 23 CTTCniON THE jDjiilboard The best deal in town returns to Nishiki again! Eat-As-Much-Sushi-As-You-Can in September. Available only at the sushi counter of Nishiki Restaurant. Priced at {jjjjj $48.00+ per |jjjjjo person, you can certainly enjoy a really sumptuous lunch! Available f rom 7 to 30 September '92 For reservations, t-86 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1036 1992-09-19 26 Chew Eng Han - The turmoil in the European currencies market will benefit the US dollar and German bonds, says Chew Eng Han Chew Eng Han The writer is the assistant manager of investments at NTUC Income THE US dollar has turned around, and probably for good. InSource: Compuchart; Source: Bloomberg - 1,036 words
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647 1992-09-19 26 Carole Gould - Carole Gould looks at how helpful newsletters that specialise in guiding fund investors are Carole Gould NYT MOST mutual fund investors in fact, all investors would love a peek at tomorrow's financial pages. Next best is someone who can predict movements in the financial markets,NYT - 647 words
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Article, Illustration477 1992-09-19 26 Goh Hiang Fong - By Goh Hiang Fong The writer is the head of research at Lum Chang Securities Pte Ltd NEXT week marks the end of the current 50-week cycle and the beginning of a new cycle on the Stock Exchange of Singapore. Based onSource: Investamatic - 477 words
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Article, Illustration977 1992-09-19 27 Amy Balan - Amy Balan counts the costs for those who want to go back to school Amy Balan E. VERY year, thousands of Singaporean adults are either back in school or studying part-time. Some do it to make up for a lack of paper qualifications,977 words
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Article, Illustration674 1992-09-19 27 Deepak Rai - Deepak Rai considers the impact of Delhi's new investment guidelines Deepak Rai The writer is a Bombaybased journalist who contributed this article to BT W* ITH the announcement of guidelines for investment in the Indian capital markets by foreign institutions, such674 words
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192 1992-09-19 27 No restrictions on the kind of institutional investors. Pension funds, investment trusts, mutual funds, etc, are all permitted. Investments in the capital markets by all foreign institutional investors (FIIs) are subject to a ceiling of 24 per cent of the issued share capital in any192 words
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Page 26 Advertisements
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Advertisement219 1992-09-19 26 I PICK UP YOUR *S I DAILY NEWS STAPL j NTUCFAIRPRICE f SUPERMARKETS Ifl 9Portehe*erßo.d BftM(MK)I-520 81k34A *M-342 'J Bt Batok Cenual Blk 166*01-3531 Blk 86*01-670 W'jf/ 'ifl 30*01-01 Bukit Merah Central Marine Parade jjflH Siß,BiSl3 81k352*01-141/143 81k3*0r640 •B1 -01 Beaixy Wodd Ctr 8*451*01-307 Blk 1528 *01-384 #01-01 dementi Av«3219 words
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Page 27 Advertisements
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Advertisement236 1992-09-19 27 CTI A DT7 i jnAKL j K. jfti Kh^iHhL j t s an( j Easy. Get instant J cash for your shares over the counter at any of our 28 branches. Use the loan for any purpose. t Loans from $2,000 to $100,000. MANY OF OUR CUSTOMERS HAVE ENJOYED THE236 words
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Page 28 Advertisements
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Advertisement17 1992-09-19 28 For news on trends availability of commercial industrial developments, don't miss this special focus "Commercial Industrial Properties".17 words
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Page 29 Advertisements
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Advertisement41 1992-09-19 29 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. Wa knew Europe from start la Finnish.41 words
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Advertisement26 1992-09-19 29 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 749 257726 words
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Advertisement46 1992-09-19 29 What now, Lions? Former soccer captain and coach Seak Poh Leong answers this and after questions in the Save Our Soccer forum. Also taking part are a former skipper, a club official and a long-time fan of the Lions. thy,.,/ new f papa NEW. NEWS. NEWSY46 words
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Page 29 Miscellaneous
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Miscellaneous275 1992-09-19 29 1 Tax before 1 May on reli- —LJ——LJ— gious centre (7) 5 Brian was moved during J"" TV broadcast that was I I I I I 9 It could be a miracle to do JML_ 10 Uniform for nudists? (7) another and in French (9) licensing hours are over (5)275 words
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Miscellaneous158 1992-09-19 29 Singapore Outlook: Showers over a few areas in the late anraiag and early afternoon. Report Maximum temperature 32.2 Assoc humidity 60% Minimum temperature 24.5 Assoc humidity 96% Hours of sunshine 8.00 Rainfall in mm Nil Rainfall this month 48.5 Rainy days this month 10 Wnrlil ...n.t worm report Asia-Pacific Hi/Lo*158 words
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Miscellaneous37 1992-09-19 29 iff i 'f i —-u_ "ko Twe OF "WE. PCRjfceS _J| IUJU-U HJJ tJmm U X r«OUCX»MO ON TH€."f£?MS GOUftT, SIR «eGNWDf 3 IgnSW ll y 'NO IL —=?i —ttst loriMMifli C ASSOCIATED NEWSPAPERS LTD- IM3-IM2 fMVI37 words
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Page 30 Miscellaneous
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Miscellaneous1371 1992-09-19 30 i TODAY'S TV 1 HHRKTfff3E9IH SBC5 I "7ZF H- 25 p«dWMian. 4 mm rfrwrie 12.00 mm News (M). 12.15 PM Kelab Rentals AngkaMacan Kampus, 4pm, SBC5 Th. *d»..».r.ra, 1.15p«, If L> A group of undergrad band- SM5 t00n) lio Matoch m members cheer when they get While the adventurers go1,371 words
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Miscellaneous601 1992-09-19 30 MOVIES ON TV AdviRtarii ef the Three- who decides to go straight Haired Bey, Men, 9.30pm, but whose past catches up SBC 12 with him like a bout of conAcclaimed 1949 Chinese stipation that won't go away, movie based on the comic Kelly Lynch and James Restrip character San Mao,601 words
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