The Business Times, 14 November 1992

Microfilm: NL18510
Total Pages: 30
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    17 1 Business Times mita (P) 35/12/91 Weekend Edition, November 14-15 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
    17 words
  • NEWS & MARKETS
    • Article
      US retail sales, consumer prices rose in October
      57 1 WASHINGTON Retail sales and consumer prices showed stronger-than-expected gains in October, the government said yesterday, hinting at economic improvement that caught financial markets off guafd. Sales rung up by retail stores and car dealers rose 0.9 per cent last month while the
      57 words
    • Article
      Taiwan near deal to buy 60 jets: report
      55 1 TAIPEI Taiwan will sign a contract to buy 60 Mirage 2000-5 jet fighters and more than 1,000 air-to-air missiles from France this month, a Taiwanese newspaper reported yesterday. The United Evening News quoted unnamed sources as saying the air force would sign
      55 words
    • Article
      Dow lower
      23 1 WALL STREET stocks were mixed in early trade yesterday as the Dow eased nearly five points to 3,235 on followthrough selling.
      23 words
    • Article
      Footsie lower
      29 1 LONDON share prices were lower at midday yesterday. At about 12:00pm (1200 GMT), the FT-SE 100-share index was down 19.9 points, or 0.7 per cent, at 2,706.5.
      29 words
    • Article
      Antah's growth sector
      21 1 DIVERSIFIED Malaysian conglomerate Antah Holdings Bhd sees leisure and tourism as the group's fastest growing sector Page 3
      21 words
    • Article
      Charter-flight battle
      24 1 THE charter-flight tussle intensified yesterday as Ong Beng Seng's listed company, Hotel Properties Ltd, joined the fray through a subsidiary. Page 3
      24 words
    • Article
      Boom in illegal logging
      37 1 THE Asia-Pacific region is losing billions of dollars to illegal loggers eager to get a bite of the US$B billion-a-year industry, said a report by the World Wide Fund for Nature Page 6
      37 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 683.47 +1.46 Kuala Lumpur ....650.62 -1.61 Tokyo 16.330.79 -46.14 Hongkong 6.366.56 -80.55 Sydney 1.371.7 -3.6 Thursday Change New York 3.239.79 -0.54 London 2.726.4 +29.6
      29 words
    • Article
      CURRENCIES
      30 1 Exchange rates USS SS 1.6330 100 Yen S$ 1.3180 MS SS 0.6470 Money market rates Overnight 1 3/4% +1/16 3-month 2 +1/8 London GoM AM fix USSS334.25 USS 1.05
      30 words
    • Article
      COMMODITIES
      29 1 Rubber Spore Dec... 146.00'/kg +1 M'sia Dec 222.50*/kg unch KL Tin Turnover 65tonnes unch Spot MS 14.45/kg +0.24 Crude Mbn oil Turnover I.867k*s -932 Dec MS970 /tonne +12
      29 words
  • Article, Illustration
    Economy hits 5.6pc upturn
    685 1  -  Manufacturing: 2.3 pc Financial business services: 5.9 pc Commerce: 2.1 pc Construction: +18.9 pc •Transport communications: +7.Bpc By Chuang Peck Ming SINGAPORE The economy has picked up steam at last after six straight quarters of slower growth. Official figures released yesterday show it grew 5.6 per
    685 words
  • Article
    CPF challenge puts Electro Magnetic revamp in doubt
    472 1  -  By Dawn Tan SINGAPORE A proposal to resolve the financial woes of video tape maker Electro Magnetic (S) Pte Ltd is set to unravel over an estimated $100,000 debt owing to the Central Provident Fund (CPF). Business Times learned that the CPF,
    472 words
  • Article
    Lock icon Clinton promises aggressive action to revive economy
    451 1 Compiled by staff from agency reports LITTLE ROCK, Arkansas President-elect Bill Clinton has committed himself to giving the US economy a quick boost, leaving the problem of the stubbornly large federal budget deficit for the longer term. He also signalled the end of
    Compiled by staff from agency reports  -  451 words
  • Article
    Jakarta suspends Bank Summa; its future in the balance
    340 1  -  By William Chia SINGAPORE The fate of financially-troubled PT Bank Summa is uncertain, following the suspension of its operations by Indonesia's central bank yesterday. Meanwhile, in what could be a related development, two big block deals involving 40 million shares or
    340 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • 3RD QTR ECONOMIC SURVEY OF SINGAPORE
    • Article
      PC demand provides the drive
      495 2  -  Manufacturing: +2.3pe By Lee Han Shih THE growth of the manufacturing industry will increasingly depend on demand for personal computers (PCs) worldwide, according to figures in the Third Quarter Economic Survey. This is because the manufacturing sector relies on the electronics sector for growth. The
      495 words
    • Article, Illustration
      Good growth, but question remains over offshore loans
      666 2  -  Financial and business services: +5.9 pc By Alvin Tay, Quak Hiang Whai THE financial services subsector grew by 5.8 per cent in the third quarter of this year, a creditable performance because it still excludes contributions from off balance sheet activities such
      666 words
    • Article
      Air cargo leads the way with strong growth
      234 2  -  Transport communications: +7.Bpc By Rahita Elias THE local transport industry is expected to end 1992 with a bang, in line with the seasonal peak in the fourth quarter. However, industry players say the shipping sector faces brighter prospects in the first quarter
      234 words
    • Article, Illustration
      Hotel room rates drop despite more tourist arrivals
      330 2 Commerce: +2. lpc RESPITE more tourist arrivals and higher occupancy rates, room rates in Singapore hotels had actually dropped in the third quarter of this year. Figures contained in the Economic Survey released yesterday showed that the average occupancy rate of the
      330 words
    • Article, Illustration
      Building sector nearly just as solid
      403 2 Construction: +18.9 pc THE construction industry, which accounts for between 20 and 25 per cent of Singapore's economic growth this year, is expected to continue being the main engine of growth in 1993. Figures released yesterday by the Ministry of Trade and Industry showed
      403 words
    • Article, Illustration
      The signs point to a good 1993
      654 2  -  The Bottom Line PATRICK DANIEL PATRICK DANIEL The writer is Editor of BT AFTER what seemed an awfully long time, the Singapore economy has pulled up at last from its long descent, proving to the nervous Nellies that it was never headed for
      654 words
    • Article
      Productivity posts 3.3pc rise after 5 quarters of decline
      272 2  -  By S N Vasuki SINGAPORE'S labour productivity rose 3.3 per cent during the third quarter, reversing five straight quarters of decline. And a comparative study released yesterday by the Ministry of Trade and Industry says the Republic's target of 4 per
      272 words
    • Article
      Factories more wary of business outlook: MTI survey
      265 2 MANUFACTURERS polled in August were more cauf tious about the business outlook than they were earlier in the year. Just over half of the manufacturers surveyed believed business conditions would be unchanged in the six months to March 1993. Twenty-seven per cent
      265 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      29 2 Where to get the Survey Copies of the Survey will be on sale from next Thursday at the Singapore National Printers, Times and MPH bookshops at $13 per copy.
      29 words
Page thumbnail Page 3
  • COMPANY NEWS 1
    • Article, Illustration
      Antah sees leisure and tourism as growth area
      635 3  -  Group is trying to reduce reliance on oil and gas sector By William Chia SINGAPORE Diversified Malaysian conglomerate Antah Holdings Bhd sees leisure and tourism as the group's fastest growing sector. Group chairman Naquiyuddin Tuanku Ja'afar told BT in an interview in
      635 words
    • Article, Illustration
      Northpoint opens today
      182 3 SINGAPORE Northpoint, Centrepoint Properties Ltd's second shopping centre, will open its doors to shoppers from today after receiving its Temporary Occupation Permit for the building yesterday afternoon. Touted as Yishun's answer to Orchard Road, Northpoint is seen as the test case for regional shopping centres. It was
      182 words
    • Article
      Don't ignore closed-end funds, they could be value for money
      722 3  -  THE HOCK LOCK SIEW COLUMN By Amy Balan SINGAPORE Looking for values in the stock market? Try the local closed-end funds. The United Overseas Bank group did just that pumping millions of dollars in recent weeks into United International Securities,
      722 words
    • Article
      Hotel Props joins in charter flight fray
      357 3  -  By Hong Lee Tiam SINGAPORE The charter flight tussle intensified yesterday as Ong Beng Seng's listed Hotel Properties Ltd joined the fray through a whollyowned subsidiary, HPL Tourism Leisure Pte Ltd. The executive director of the leisure arm, Prithpal Singh, called a press
      357 words
    • Article
      Lock icon Exemptions under KL's Companies Act
      312 3 MBT KUALA LUMPUR Section 132G of Malaysia's Companies Act will remain as it is but some exemptions will be given in the various clauses under it. Section 132G basically prohibits a company from acquiring shares or assets of another company in which its shareholder or
      MBT  -  312 words
    • COMPANY BRIEFS
      • Article
        CI Holdings to maintain performance: chairman
        68 3 KUALA LUMPUR CI Holdings Bhd. Malaysia's largest producer of roofing tiles hopes to maintain its performance for the current year, despite a slowdown. Chairman Vincent Tang said in the company's 1992 annual report that the acquisition of the Hume plants and housing loan facilities
        68 words
      • Article
        H&R Johnson assessing tie-up
        67 3 KUALA LUMPUR H&R Johnson Bhd is still evaluating its proposed ceramics joint venture in Perak, chairman Mohamed Daud Abu Bakar said yesterday. He said the company was currently conducting a feasibility study on the project, expected to cost between Ms3o million (5519.2 million) and MS4O million.
        67 words
      • Article
        Sateras focusing on property
        66 3 KUALA LUMPUR Sateras Resources (M) Bhd, is placing stronger emphasis on property development with its proposed acquisitions of MK Associates Sdn Bhd, Zodex Corporation Sdn Bhd and New Decade Holdings Sdn Bhd. Sateras chairman Mohamad Nordin bin Mohaludin, in his 1992 annual statement, said the property
        66 words
      • Article
        UOL Equity buys more of UIC
        43 3 SINGAPORE UOL Equity Investments Pte Ltd acquired 200,000 shares of United Industrial Corporation on Nov 12. The acquisition price was 95 cents per share. UOL Equity's present holding in the company remains unchanged at 7.4 per cent.
        43 words
      • Article
        Sale of Parkway shares
        42 3 SINGAPORE Gleneagles Hospital Ltd has informed the Stock Exchange of Singapore that one of its directors, Dr Choy Thoong Loke, sold 83,000 shares of Parkway Holdings at $1.55 per share. Gleneagles is a wholly-owned subsidiary of Parkway Holdings.
        42 words
      • Article
        Stake in Metal Containers cut
        68 3 SINGAPORE Metal Containers Ltd has informed the Stock Exchange of Singapore that Whang Tar Choung, a substantial shareholder and director, has ceased to have any interest in Raven Investment Company Ltd which has a 4.4 per cent stake in the company. By virtue of the
        68 words
      • Article
        Corrections & clarifications
        106 3 Corrections clarifications IN BTs Nov 12 report headlined "SIA having talks on sale or lease of *****", it was said that SIA concluded a deal to lease a 8747-200 to Pakistan International Airlines. This is incorrect. SlA's agreement was with Philippine Airline. We are sorry for the error. APOLLO Enterprises
        106 words
    • Article
      Lock icon Rationale behind Ekran's takeover of Federal Cables
      405 3 Bernama KUALA LUMPUR The rationale behind Ekran Bhd's takeover of Federal Cables, Wires and Metal Manufacturing Bhd recently was mainly to supply the Ekran group with ample cable wires for its various turnkey projects located worldwide, says its chairman, Sarawak tycoon Ting Pek
      Bernama  -  405 words
    • COMPANY BRIEFS
      • Article
        Ford's president to step down in January
        63 4 DEARBORN, Michigan Ford Motor Co said on Thursday that its president and chief operating otFicer, Philip Benton, will retire in January, becoming the third top gun among Detroit's Big Three carmakers to announce he is stepping down this year. Ford, the No 2
        63 words
      • Article
        China's private detectives
        65 4 BEIJING A group of retired policemen in freewheeling Shanghai has set up China's first private detective agency to tackle crimes and disputes arising from China's economic reforms. In true Sam Spade style, any client with money can hire the team of experienced, if somewhat aged, investigators at
        65 words
      • Article
        Formosa gets US$280m loans
        64 4 TAIPEI Taiwan's petrochemical giant Formosa Plastics Corp has secured US$2BO million (SS44B million) in syndicated loans from the US branches of seven local banks, banking officials said. The loans, led by the New York branch of the state-run Bank of Taiwan, is to finance construction of
        64 words
      • Article
        Wilkinson Sword hopes for sale
        75 4 LONDON Wilkinson Sword, Europe's second largest shaving company which has changed hands four times in the past dozen years, said it hoped for a US$3OO million (SS4BO million>-plus sale soon to finally secure its long-term future. The news comes hot on the heels of a
        75 words
    • Article, Illustration
      Carter Holt Harvey interim up 12.4pc
      406 4  -  By Schutz Lee SINGAPORE New Zealand's largest forestry concern. Carter Holt Harvey, yesterday announced a 12.4 per cent increase in interim net earnings to NZ5112.4 million (Ss96 million) but withheld the outcome of the bid for its fishery subsidiary Sealord Products. Its results in
      406 words
    • Article
      Lock icon Japan's recession claims more bankruptcy victims
      382 4 Number of failures in October is highest this year Reuter TOKYO The dead hand of Japan's economic slowdown is now killing more firms than the lingering hangover from bubble stock and land prices, economists said yesterday. The private Tokyo Commerce and Industry Research Co
      Reuter  -  382 words
    • Article
      Lock icon Europe's tottering chemistry set
      252 4 Chemical firms' profits seen staying under severe pressure Reuter LONDON Europe's biggest chemical firms, dogged by the harsh economic climate and currency weakness, are mired in the worst slump since the early 1980s. "The downturn will probably keep profits in Europe under severe pressure for at
      Reuter  -  252 words
    • Article
      Compaq cuts PC prices again — across the board
      188 4 Compaq cuts PC prices again across the board SINGAPORE Compaq Computer Asia, the whollyowned subsidiary of US-based Compaq Computer Corp, has again cut the prices of its personal computers this time by as much as 16 per cent. Compaq is also packaging its computers with high-reso-lution colour monitors at "special
      188 words
    • Article
      Lock icon Honda, Mazda join ranks of carmakers hit by slowdown
      451 4 Reuter TOKYO Honda Motor Co Ltd and Mazda Motor Corp yesterday joined the lengthening queue of Japanese carmakers reporting sharply lower profits. Both firms said weak demand and the strong yen took big bites out of profits in the six months
      Reuter  -  451 words
    • Article
      Lock icon Currency gains boost Shell's solid 3rd quarter results
      407 4 Reuter LONDON Extraordinary currency gains flattered an already solid third-quarter performance by the Royal Dutch/Shell Group, analysts said. The company reported net income for the three months to Sep 30 of £824 million (Ss2.l billion), up 58 per cent from £523 million
      Reuter  -  407 words
    • Article
      Lock icon Sony brings private view to video watchers
      270 4 FT NEW YORK The company that developed personalised audio with the Walkman is now seeking to make video a similarly personal experience with a new portable video monitor. Sony, one of Japan's leading consumer electronics groups, is developing the monitor, complete with liquid
      FT  -  270 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      117 3 IN THE MARKET PAGESI SET volume plunges 12 HK shares tumble 13 for sale I TOP YIELD NOW PLUS FUTURE POTENTIA^^I DOMINION BREWERIES TOWER 80 GREYS AVENUE, AUCKLAND CBD, NEW ZEALAND This quality 10-level office tower overlooks historic inner city oasis. Myers Park, enjoying panoramic views of the Auckland CBD,
      117 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      281 4 BUSINESS T I M-E S Toll free Tel No 737 0043 'Fax No: 734 3698 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Tok Yaik Hwee of Blk 276 Yishun Street 22 #09-240, Singapore 2776, have applied for a 2nd Class (Public House) licence in respect of premises at
      281 words
Page thumbnail Page 5
  • FINANCIAL NEWS
    • Article
      Lock icon Worldwide loans cut by Tokyo banks' withdrawal
      359 5 Lending by BIS banks down by USs6ob in 2nd quarter UPI BASLE, Switzerland The withdrawal by Japanese banks from the international lending market single-hand-edly produced a second-quar-ter drop in worldwide loan figures, the Bank for International Settlements reported. The BIS, in its quarterly
      UPI  -  359 words
    • Article, Illustration
      Lock icon Banks look for regulatory easing deal with Clinton
      380 5 Reuter WASHINGTON Bankers want to loosen the regulatory grip over their industry, while President-elect Bill Clinton wants to promote community development. Therein may lie a new approach to bank reform in Congress next year. Some bank lobbyists are starting to explore this
      Reuter  -  380 words
    • Article
      Lock icon Set clearer bank goals: OECD
      290 5 Swiss National Bank information on monetary policy limited Reuter ZURICH Switzerland's central bank must try to set clearer monetary goals as financial markets have been confused by its policy, the Organisation for Economic Cooperation and Development (OECD) said on Thursday. The Paris-based economic think tank
      Reuter  -  290 words
    • Article, Illustration
      Greenback enjoys week of rally
      590 5 DBS Bank weekly currency review USD/DMK: More correction seen After breaking resistance at 1.6000 marks on Monday, the US dollar traded io a high of 1.6058 on Tuesday before its bullish trend was halted. Overbought daily stochastics saw the US dollar come off from the
      590 words
    • Article
      New rules not likely to alter life premium rates
      500 5  -  By Soh Tiang Keng SINGAPORE Premium rates of life insurance policies will remain unchanged despite the new government regulations requiring insurers to use current Singapore mortality tables instead of decades-old English tables in valuing minimum reserves of insurers. Actuaries said the
      500 words
    • Article, Illustration
      Lock icon Big Bull Mehta says foreign banks being pampered in India
      308 5 Reuter NEW DELHI The prime suspect in India's US$l.2 billion (551.96 billion) securities scandal on Thursday accused India's central bank of being soft on foreign banks, and allowing them to break rules with impunity. "Big Bull" Harshad Mehta is a
      Reuter  -  308 words
    • SMALL CHANGE
      • Article
        Thai bank profits up 67pc in first nine months
        94 5 BANGKOK Combined net profits of 15 Thai commercial banks rose to 23.3 billion baht during the first nine months, up 67.6 per cent from 13.9 billion a year ago. Bangkok Bank Ltd said yesterday that sharply lower deposit rates paid by
        94 words
      • Article
        China to issue domestic bonds
        82 5 BEIJING China plans to issue 2.06 billion yuan (***** million) worth of state investment bonds at the end of this month, the Xinhua news agency said. The bonds, which mature in three years at 10 per cent interest, will be earmarked to boost China's power
        82 words
      • Article
        Pakistan appeals against decision
        59 5 ISLAMABAD Pakistan's government has appealed in the Supreme Court to retain its interest-based Islamic banking system, declared unlslamic by a lower court, a court official said. Financial institutions could not withstand the change in the present circumstances, the appeal said. The Shariat court has rejected 32
        59 words
      • Article
        German bank probes dropped
        97 5 BERLIN The cartel office said it had dropped its investigation of three German banks in the Berlin area for allegedly using their strong market positions to keep interest rates on savings accounts deliberately low. Cartel office spokesman Hubertus Schoen said in reply to enquiries that the
        97 words
      • Article
        Royal Insurance cuts losses
        82 5 LONDON Further evidence of a recovery in the UK insurance sector emerged on Thursday when Royal Insurance, the composite (general and life) insurer, reported reduced losses for the nine months ending Sep 30. Pre-tax losses were cut by 60 per cent to £83 million (*****.8 million)
        82 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      120 5 FOR SALE BY PRIVATE TREATY AN EXCLUSIVE ADDRESS IN THE INNER COY y I PARK TOWER, 2 KITCHENER STREET AUCKLAND CBD, NEW ZEALAND. This is a rare opportunity to invest in quality central city office accommodation at well below replacement cost. High yield available from this fully tenanted, 12 level
      120 words
Page thumbnail Page 6
  • THE REGION
    • NOTE BOOK
      • Article
        M'sia awarded US$30m in US credit guarantees
        75 6 KUALA LUMPUR Malaysia will receive US$3O million (5548.9 million) in credit guarantees for the sale of US agricultural commodities for the fiscal year 1993, says the US embassy. This follows a recent decision by the US Department of Agriculture to authorise the award
        75 words
      • Article, Illustration
        Red-faced over Aussie anthem
        86 6 SYDNEY Australia's right-wing coalition opposition, which said this week that new citizens should be tested on the country's national anthem, was red-faced yesterday when its leaders were lost for words after the first verse. John Hewson, the Liberal Party leader, haltingly completed the first verse of
        86 words
      • Article
        Philippine CEPT list
        56 6 MANILA The Philippines has identified 4,200 product lines that will be covered by tariff cuts starting in January under Asean's Common Effective Preferential Tariff (CEPT) programme, officials said. Trade and Industry Undersecretary Lilia Bautista said the list will be submitted at a meeting of senior Asean economic
        56 words
      • Article
        Taiwan's plans for Subic Bay
        56 6 TAIPEI The Taiwan government has drafted plans for a US$4l million (5566.8 million) industrial park at the former US Subic Bay naval base in the Philippines, the semi-official Central News Agency said yesterday. Construction of the 300-ha park would take three years, according to a
        56 words
      • Article
        Bid to modify Cambodia plan
        58 6 UNITED NATIONS Security Council members have begun informal talks on modifying the UN mandate in Cambodia to ensure that general elections go ahead as scheduled in the spring, diplomats said. A draft resolution, sponsored by France, could include economic sanctions against the Khmer Rouge that
        58 words
    • Article
      Region losing billions of dollars to illegal loggers
      499 6  -  Timber firms ignoring logging laws on massive scale, says WWF By Shoeb Kagda SINGAPORE A booming illegal trade in tropical timber in the Asia-Pacific region is costing governments billions of dollars a day, according to a report published by the World Wide
      499 words
    • Article
      Lock icon Australia plans big job push
      284 6 Reuter CANBERRA The reces-sion-burdened Australian government yesterday set out plans to quickly create 20,000 jobs, just one day after the release of figures showing unemployment at its highest level since the 1930s depression. Treasurer John Dawkins said the government would defer part of its log-jammed
      Reuter  -  284 words
    • Article
      Lock icon Currency volatility could scuttle Afta: economist
      340 6 Reuter KUALA LUMPUR South-east Asia's plans to set up a free trade area through tariff cuts could be scuttled by exchange rate volatility among countries in the region, an economist said yesterday. "What could happen is you lower tariffs but nothing happens to trade
      Reuter  -  340 words
    • Article
      Lock icon Indonesian opposition calls for abolition of powers to ban press
      103 6 AFP JAKARTA Indonesia's two opposition parties have called in Parliament for the abolition of government powers to dose down a newspaper, the Jakarta Post daily said yesterday. The call was made by representatives of the quasi-Mus-lim United Development Party (PPP)
      AFP  -  103 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      635 6 Vend Voy No Berth Arrival Departure irnti Voy No Berth Arrival Departure Jurong Port Aba« Jaya AI/92/7 J3 alongside 1411/0800 Dem. Seraya 26/92 J2 alongside 14.11/0600 Frangrskos STA-22 J9/10 alongside 1411/2300 Nep Segmus 9201 J5/6 alongside 14.11/1500 Oleochem J3 alongside 14.11/0300 Preotirazhene 01/92 J12 alongside 14.11/1230 Song
      635 words
    • Article
      CONTAINER SCHEDULES
      1673 6 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Sttp Voy Wo Containers imfablt Ship Voy No Containers avaiabte wnghe 71E 12.11.92 2000 00CI Charis 07E COO(EST) 13.11.92 1500 Lexa Ms 9214 12.11.92 2030 Sealark 252N COO(EST) 13.11.92 2300 Anro Asia ***** 12.11.92 2135 Twadika 950 COO(EST) 13.11.92 2300 P*b
      1,673 words
Page thumbnail Page 7
  • THE WORLD
    • Article
      Lock icon Slump forcing more govts to intervene in economy
      618 7 Even OECD calling for more hands-on approach Reuter PARIS After the hands-off years of Ronald Reagan and Margaret Thatcher, the enduring global growth recession is bringing government intervention in the economy back into fashion. British Chancellor of the Exchequer Norman Lamont unveiled
      Reuter  -  618 words
    • Article, Illustration
      Lock icon Brazilian president indicted on criminal charges
      486 7 AFP BRASILIA Brazil's Attor-ney-General on Thursday filed criminal charges of corruption and conspiracy against impeached President Fernando Collor de Mello. If convicted, the disgraced president faces up to eight years in jail on the First charge of passive corruption and up to three on
      AFP  -  486 words
    • Article
      Lock icon S Korea stands firm on rice imports
      380 7 AFP BRUSSELS South Korea stood firm on Thursday against proposals for opening its markets to foreign rice imports as part of a world trade pact under the General Agreement on Tariffs and Trade (Gatt). South Korean Foreign Minister Lee Sang-Ock reiterated Seoul's position
      AFP  -  380 words
    • Article
      Lock icon Japan rejects defence plans for plutonium ship
      304 7 AP WASHINGTON Japan has rejected a Pentagon requirement that a vessel escorting 1.7 tonnes of radioactive material be equipped with modern anti-missile defences, officials and anti-nu-clear activists said on Thursday. The Pentagon, after two years of negotiations with Japan, nonetheless gave its approval
      AP  -  304 words
    • Article
      Lock icon Sorry, but can you phrase that again?
      484 7 Exhibition shows the hilarious side of English as she is spoke around the world AFP BRUSSELS "Our wines leave you nothing to hope for", warns the menu of a Swiss restaurant. "Drop your pants here for best results", urges a Bangkok dry-cleaner. If
      AFP  -  484 words
    • Article, Illustration
      Lock icon US is most violent industrialised nation: study
      530 7 But crime statistics this century not the worst that US has seen AP WASHINGTON (AP) The US leads industrialised nations in murders, sexual assaults and other attacks, and the fear of violence has permeated American life, the authors of a new study say.
      AP  -  530 words
    • WORLD WATCH
      • Article
        Italy cuts two key rates by one point
        77 7 ROME The Bank of Italy cut two key interest rates on Thursday after Prime Minister Giuliano Amato won a crucial confidence vote in the Senate (Upper House) on the core of his 1993 budget. The discount rate, which acts as an overall
        77 words
      • Article, Illustration
        Kanemaru to testify in Diet
        97 7 TOKYO Retired political kingpin Shin Kanemaru (right) plans to accept opposition parties' demands for his testimony as a sworn witness in the Diet over his role in the Tokyo Sagawa Kyubin scandal, his aides said yesterday. He was quoted as saying to senior members of
        97 words
      • Article
        China's raw material shortage
        93 7 BEIJING Raw materials are in short supply in China as a result of its dramatic economic growth, requiring increased imports of metals and wood next year, the China Daily said yesterday. Over the first nine months of the year, the demand for the 16 most important
        93 words
      • Article
        Russia allows bankruptcy
        69 7 MOSCOW Russia's Parliament on Thursday took a major step towards streamlining the inefficient economy inherited from the Soviet Union by adopting a law allowing debt-laden enterprises to go bankrupt. The Russian Information Agency (RIA) said an arbitration court could close down insolvent enterprises that have been weighing
        69 words
      • Article
        Kohl's experts agree to govt cuts
        88 7 BONN Budget experts from the three parties in Chancellor Helmut Kohl's coalition have agreed that one per cent of government jobs and civilian posts in the armed forces should be scrapped to save money, coalition sources said. In the latest stage of the budget's
        88 words
      • Article
        S Africa to propose EC pact
        60 7 BRUSSELS South Africa plans to propose a co-operation agreement to the European Community within the next seven months. South Africa's new ambassador to the European Community, Neil Van Heerden, said on Thursday. "By the middle of next year we hope we will have clarity
        60 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      92 7 Development Land Johore South of Desaru, facing Singapore; 5 minutes from new Golf Courses/Theme Park. Parcel 1 50 Acres at Parcel 270 Acres) M 51.50 p.s.f. Parcel 3 100 Acres at M 51.75 p.s.f. These are the only sizeable parcel left. Adjoining land have sub-division approval for housing estate. Land
      92 words
Page thumbnail Page 8
  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      News of higher growth spurs mild buying
      3607 8  -  By Paul Leo ENCOURAGING economic data spurred mild buying in Singapore stocks, pushing the benchmark Straits Times Industrials Average up 5.77 points to 1,446.80 at the close. News that the economy would grow at a 5.6 per cent pace this year and between
      3,607 words
    • Article, Illustration
      Lock icon HOT STOCK
      79 8  -  By Paul Leo NATSTEEL Ltd, at $3.00, is trading near resistance on both the weekly and daily charts. The moving average line has turned upward on the weekly chart and prices are trading above it, suggesting a bullish outlook. RSI and stochastics are neutral. A break above resistance
      SOURCE: BRIDGE INFO  -  79 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      24 8 See the exciting range of Mitsubishi cars today... while stocks last. CytU AComoge Automotive Pte ltd. 253 Alexandre Rood, Singopore 0313. Tel: *****22. JpJLk
      24 words
Page thumbnail Page 9
  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3132 9 FAN 1070 20 1.9% Jurong Eng 50« 380 +18 +5.0% OUB Foreign 488 +16 +3.4% Keppel Corpn 625 15 +2.5% Robinson 730 +15 f2.1% NatSiecl 50* 300 +14 4.9% NatSteel Wt 80' +l'/ 2 +15.0% BAT 21« 645 +10 +1.6% CMB Asia 535 10 Fl.9%
    3,132 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      189 9 YOUR VERY OWN HASSLE-FREE tmmoMC news-cupping sbwkii If news and other pertinent information on companies listed on the Stock Exchange And for subscription fee of o»/f **50 per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe to this
      189 words
Page thumbnail Page 10
  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3538 10 Ilniphx Rts RLS 73 +33 +82.5% Uniphone Tel 398 t- 26 7.0% George Kent 50« 291 +18 +6.6% Uniphoemx 208 +18 +9.5% Uniphx Rts KLS 4t) +15 (60.0% Sungci Way 340 +12 +3.7% MIS( Foreign 500 10 +2.0% GIL US$0.10 156 +6 +4.0% Multi-Purpose 177
    3,538 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      310 10 NOTICES ENTERPRISE FUMIGATION PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the final meeting of members of the abovenamed company will be held at the office of Chia, Wong Partners, 135 Middle Road. #05-13/14 Bylands Building. S pore
      310 words
    • Advertisement
      Page 10 Advertisements Column 2
      339 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HUOSON INVESTMENT HOLDINGS CO PTE LTD (Incorporated in Singapore (In members' voluntary winding-up) At an extraordinary general meeting of Huoson Investment Holdings Co Pte Ltd duly convened and held at the Registered Office, 116 Middle Road
      339 words
    • Advertisement
      Page 10 Advertisements Column 3
      605 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TONG SENG RATTAN CANE (PTE) LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of Tong Seng Rattan Cane (Pte) Ltd held at 2 Finlayson Green #11-11, Asia Insurance Building. Singapore 0104 on 11th November 1992
      605 words
Page thumbnail Page 11
  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Blue chip buying offsets selling of second liners
      5624 11 Bernama SHARE prices ended on a mixed note yesterday in active trading as buying support for quality stocks alternated with profit taking among the speculative issues. The KLSE Composite Index cased 1.61 points to 650.62 and the Industrial Index dropped 1.12 points
      Bernama  -  5,624 words
Page thumbnail Page 12
  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Domestic shares on both markets continue to fall
      423 12 CLSA A SHARES in Shanghai edged lower yesterday. The CLSA Shanghai A Index dropped 14 points to 2,5 M.38. The market was held back by the listing of two new shares. Icebox Compressor and LianNong, next week with a combined market value
      CLSA  -  423 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares end lower in trading dominated by Astra
      963 12 Reuter STOCK prices yesterday closed mostly lower in hectic trading which was dominated by huge deals in PT Astra International. Brokers said the Astra deals sparked speculation that its family owner had sold a major block to cover losses in another family-owned
      Reuter  -  963 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Volume plunges on bank request to slow stock loans
      1876 12 Reuter STOCKS recovered from early losses yesterday as investors tried to keep the stock index above the 900 level, brokers said. But volume fell greatly because the Bank of Thailand had requested banks and finance and securities firms to slow down
      Reuter; Source: Bridge Info  -  1,876 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      61 12 4 umiftf ui iII II iiiu iwgjftMt Y| I wmt■■ |1 I 111 I I |M 1 111 111 kA Hill Find out I I 111 HL I I II I f I Ia I I VI I I Personal Investment and Finance. II I I I Ift Ift I
      61 words
Page thumbnail Page 13
  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end mixed in directionless trade
      2581 13 Reuter STOCKS ended mixed yesterday, with the Nikkei meandering without direetion all day amid a laek of buying incentives. While dealers' adjustment of futures position ahead of the weekend affected prices, most investors were sidelined on announcements of earnings results, brokers said. "Since options-linked
      Reuter  -  2,581 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Shares tumble on new Chinese criticisms
      2451 13 Reuter STRIDENT new Chinese attacks on Hongkong's moves to widen democracy sparked profit-taking that all but erased the gains of this week's record-setting rally. The blue-chip Hang Seng Index dipped briefly by as much as 102 points below Thursday's record close, but recovered slightly
      Reuter  -  2,451 words
Page thumbnail Page 14
  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end weaker but off intra-day low
      2032 14 Reuter SHARES closcd well down on levels at the start of the week, but off their intra-day low yesterday. Brokers said the gloomy week was marked by deI pressed commodity prices, bearish statements from annual meetings and poor news from the domestic economy.
      Reuter; Source: Bridge Info  -  2,032 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks rebound on institutional buying
      • Article
        Untitled
        408 14 Close Previous Nov 13 NEW ZEALAND NZSE-40 Capital 1.400.82 1.405.95 -5.13 MANILA Composite Index 1.346.92 1.340.99 5.93 Turnover (mil pesos) 202.83 175.77 +27.06 TAIPEI Weighted Price Index closed 3.570.89 Turnover (NTS billion) 7.7 SEOUL Composite Stock Index 652.97 636.99 +15.98 Turnover (billion won) 658.23 645.84 +12.39 Taipei No* 13 NTS
        408 words
      • Article
        SEOUL
        836 14 A WAVE of institutional buying yesterday lifted share prices to close significantly higher despite opening on a bearish note, brokers said. "Active institutional buying almost soaked up a sell-off by individual investors," Choi Bum of Seoul Securities said. "The morning falls began to be -eased on institutional purchases centred
        836 words
      • Article
        MANILA
        587 14 SHARE prices edged higher yesterday as buyers snapped up bargains, but investors remained largely cautious because of a domestic electric power crisis. The Manila Stock Exchange Composite Index was 5.93 points higher at 1,346.92. Investors are worried that the power crisis, forecast to worsen in summer, would slow down
        587 words
      • Article
        NEW ZEALAND
        349 14 SHARES ended softer on reasonable turnover, with sentiment coloured somewhat by continued weakness in Australia. The NZSE-40 Index ended 5.13 points down at 1,400.82 on turnover worth about NZ$22 million. "It was quite a good week considering Wall Street and Australia have been a bit under pressure," Peter
        349 words
      • Article
        BOMBAY
        63 14 STOCK prices fell again yesterday after the Bombay Stock Exchange relaxed restrictions by placing sales limits on just four frequently traded stocks. Brokers said there appeared to be no immediate hope for a recovery and the Bombay Index would continue to fall next week. The Bombay Index dropped by
        63 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • WORLD STOCK MARKETS
    • Dow slips as late profit-taking foils rally
      • Article
        Untitled
        610 15 Nov 12 Close Previous NEW YORK Dow Jones 3.239.79 3.240.33 -0.54 S&P500 422.87 422.20 +0.67 Turnover (million) 226.01 243.75 -17.74 LONDON FTSE 100 2.726.4 2.696.8 29.6 Turnover (million) unav 543.2 FRANKFURT DAX Index 1.535.37 1.512.21 +23.16 AMSTERDAM EOE Index 281.18 278.12 13.06 PARIS CAC-40 1.821.51 1,798.46 23.05 ZURICH SPI All-Share
        610 words
      • Article, Illustration
        NEW YORK
        1328 15 STOCKS closed narrowly mixed in choppy trading on Thursday as profittaking offset initial gains and foiled the market's bid to extend Wednesday's broad rally. Volume was again heavy. The Dow Jones Industrial Average, which rose 14.86 points on Wednesday, slipped 0.54 point to 3,239.79. "It's been a rather
        1,328 words
      • Article, Illustration
        LONDON
        693 15 STOCKS were firm on Thursday as Chancellor of the Exchequer Norman Lamont announced a one-point cut in interest rates and laid out the government's spending plans for the coming fiscal year. The 100-share Footsie Index tacked on 29.6 points or 1.1 per cent on the session to end at
        693 words
      • Article
        FRANKFURT
        296 15 THE STOCK market scored a strong gain on Thursday, encouraged by late speculation that the Bundesbank might lower interest rates, operators said. However, the central bank made no policy changes at Thursday's meeting of its policy-making council. The DAX Spot Trend Index finished the session at 1,535.37 points, up
        296 words
      • Article
        AMSTERDAM
        344 15 BETTER-than-expected quarterly results from Royal Dutch/Shell set the bourse on a positive footing and helped most shares close higher. "They stimulated the whole market," said Martin Marinus, dealer at Van Meer James Capel. "We've been quite weak so far, then people thought we'd found the bottom." After briefly nudging
        344 words
      • Article
        PARIS
        109 15 THE bourse made a firm advance on Thursday, as the CAC 40 Stock Price Index ended the session at 1,821.51 points, up by 1.28 per cent by comparison with the Wednesday close. The indicator had been up a strong 0.83 per cent at the opening. Paris Nov 12 FFr
        109 words
      • Article
        MILAN
        409 15 SHARES closed off lows on Thursday, as initial profit-taking ahead of yesterday's end to the November trading account gave way to renewed buying later in the session. Dealers said shares in Fiat SpA and those of several companies it controls put in a bullish performance on hopes the automotive
        409 words
      • Article
        ZURICH
        293 15 SHARE prices ended a shade higher on Thursday after recovering from the morning's slightly lower levels on selec- tive buying support. There was little news to trade on, j dealers said. As expected, the bank's council meeting left interest rates J* unchanged. A firmer US dollar and a stronger
        293 words
      • Article
        TORONTO
        299 15 STOCKS closed flat after trading at higher levels most of the day on Thursday, dealers said. Merrill Lynch said in a report the Canadian dollar is undervalued and recommended international fund managers overweigh their positions in Canadian dollar assets. The report boosted the equity and the treasury bills, traders
        299 words
  • Page 15 Advertisements
Page thumbnail Page 16
  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Dollar closes easier against mark on technical correction
      1193 16 REPORTS IOKYO: The dollar ended easier against the mark in Tokyo yesterday on a technical correction and an overnight tall in long-term US rates, while it closed barely changed against the yen, dealers said. "The dollar was soft on a correction after
      1,193 words
    • Article
      Lock icon Lamont's forecasts a blow to UK gilts
      303 16 Reuter LONDON Public sector deficit forecasts in Chancellor of the Exchequer Norman Lamont's autumn statement, higher than many economists had expected, promise severe funding difficulties for the gilt market in the coming years. Mr Lamont predicted the public sector borrowing requirement (PSBR) for
      Reuter  -  303 words
    • Article
      FINANCIAL FUTURES
      1556 16 EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Dcc 92 96.24 Mar 93 96.34 Jun 93 95.93 Sep 93 95.52 Dcc 93 94.87 Mar 94 94.61 Jun 94 94.22 Sep 94 93.90 Dcc 94 93.48 Mar 95 93.35 Jun 95 93.11 Sep 95 92.95 Dcc 95 Mar
      1,556 words
    • Article
      INTERBANK FOREX RATES
      398 16 Cross rates Nov 13 USS SS MS Dm Yen SFr AS NZS US$ 1.6360 2.5240 1.5770 123.80 0.6549 1.4270 1.4409 1.9048 SS 0.6112 1.5428 0.9639 75.6724 0.4003 0.8722 0.8808 1.1643 MS 0.3962 0.65 0.6248 49.0491 0.2595 0.5654 0.5709 0.7547 Dm 0.6341 1.0374 1.6005 78.50 0.4153 0.9049 0.9137
      398 words
    • Article
      MONEY MARKET
      596 16 Interbank rates SS Bid Offer Overnight 1 3/4 1 7/8 1-month IS/8 I 3/4 2-month I 7/8 2 3-month 2 2 1/8 Overnight mode: 1-3/4 USI Bid Offer 7 days 3 1/8 3 1/4 1 month 3 3/16 3 5/16 2 months 3 3/4 3 7/8 3 months
      596 words
Page thumbnail Page 17
  • COMMODITIES
    • Article
      Lock icon Matthey's platinum report seen as mildly bullish
      340 17 Reuter LONDON Refiner Johnson Matthey's "Platinum 1992" interim market review was seen as constructive for the metal, but any upswing in prices is likely to be restrained by bearish sentiment in gold and silver, analysts said. Matthey forecast the platinum price would average
      Reuter  -  340 words
    • Article
      Lock icon India expects to reap record crop of oilseeds
      288 17 Reuter INDORE. India Once one of the world's biggest importers of edible oilseeds, India is set for a record winter oilseed crop and self-sufficiency in the vital commodity. India's winter oilseed crop is expected to be a record 10.9 million tonnes in
      Reuter  -  288 words
    • Article
      Strong demand pushes tin price up 24 sen
      779 17 REPORTS THE price of tin on the Kuala Lumpur Tin Market held 24 sen higher to close at M$ 14.45 per kg on continued buying demand yesterday. Dealers said the market took its cue from the firmer London Metal Exchange overnight which
      779 words
  • Article
    PRICES
    1552 17 i—nmi»i 'iir""niT'"n r iwi»Miiiini mmm\ ihiiii'hiwihowow i \mmmmmmmmmnmmim Rubber HAS Commodity Ex change (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 92 146.25 145.75 146.00 425 2,275 Jan 93 145.75 145.75 146.25 250 4,275 Feb 146.00 145.50
    1,552 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      1080 17 BUSINESS TIMES' Toll tree Tel No 737 0043 -Fax No: 734 3698 In The Matter Of Tlie Companies Act Cap. 50, And In The Matter Of INTERIAN HOLDINGS PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up NOTICE IS lIERI-J3 Y GIVEN that (lie Creditors of the abo venanted Company,
      1,080 words
Page thumbnail Page 18
  • Article
    Lock icon Deng orders no compromise on Hongkong: paper
    406 18 Compiled by staff from agency reports HONGKONG Deng Xiaoping has personally instructed Chinese officials not to give in to British demands for more democracy in Hongkong. A major Hongkong newspaper, Ming Pao, yesterday quoted sources in Beijing as saying that China's reclusive paramount
    Compiled by staff from agency reports  -  406 words
  • Article
    Launch of new services on LawNet
    170 18 SINGAPORE Five new services on Law Net, a computerised legal services system accessible to subscribers, will be launched today. Law Net was launched in July 1990 with the entry of the complete revised edition of Singapore Statutes into the system. The five services being
    170 words
  • Article
    Lock icon Gatt trade deal by year-end, says EC negotiator
    248 18 Reuter AMSTERDAM Frans Andriessen, chief trade negotiator for the European Community, said yesterday that he was optimistic a political agreement could be reached on the stalled Uruguay Round of world trade negotiations by the year-end. "I think we can get a political
    Reuter  -  248 words
  • Article
    Lock icon Clinton opts for continuity in foreign policy
    430 18 UPI LITTLE ROCK, Arkansas Bill Clinton outlined a mainstream foreign policy of continuity on Thursday, one that promotes democracy and fights the spread of nuclear weapons but would void a Bush administration order turning back Haitian refugees from US shores without an asylum
    UPI  -  430 words
  • Article
    Lock icon Britain unveils sweet and sour strategy for growth
    268 18 Reuter LONDON Britain's government on Thursday unveiled a "sweet and sour" strategy to get the country back to work that combined an interest-rate cut and a boost to capital spending with a tight squeeze on pub-lic-sector pay. Delivering his autumn statement on
    Reuter  -  268 words
  • Article
    Lock icon Thai Airways may postpone plan to raise hinds
    248 18 Reuter BANGKOK Thai Airways International Ltd may change a previously announced plan to raise two billion baht (about SSI2B million) through a share issue in the year ending Sep 30, 1993 because of its disappointing performance on the Thai stock market. "The
    Reuter  -  248 words
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      216 18 Every Saturday in Business Times Each Silik piece is a magnificent work of art. BBj^Bf^E^BflKflßHNß^ v Magnificently opulent Baroque Reflecting the traditional heritage of classical furniture from Silik And luxurious 24 Italian furniture-making. When only the finest I carat pure gold-plated chandeliers, wood is intricately-carved. And delicate refine- f"- I
      216 words
    • Advertisement
      Page 18 Advertisements Column 2
      5 18 Every Saturday i Business Times
      5 words
Page thumbnail Page 19
  • Executive Lifestyle
    • Article, Illustration
      Lock icon Where the consumer is king
      1268 19  -  At the bars of Tanjong Pagar, the mood is upbeat but uneasy. Nirmal Ghosh asks pub owners how they think they will fare when Clarke Quay starts competing for clientele next year Nirmal Ghosh THE WIND whips up here over cobbled Duxton Hill. At lunchtime
      Photos by Arthur Lee  -  1,268 words
    • STRAWS IN THE WIND
      • Article
        All woman
        47 19 A WOMAN journalist received a flyer from shirtmaker CYC which had the words "A Package Tailor-Made For The Gentleman In You" on its envelope. She is going to write an indignant letter to the company to say that there is definitely NO gentleman in her.
        47 words
      • Article
        Alien nation
        47 19 THE Russian Ministry of Justice wants to close down the UFOlogical Association. The Association's vice-presi-dent has countered by asserting that aliens were very active in Russia, carrying off 5,000 people a year and killing cattle with lasers. Perhaps a case of Star Wars withdrawal pangs?
        47 words
      • Article
        Native candour
        27 19 AFTER a protracted boardroom meeting which involved painstakingly difficult discussions, an exasperated participant was heard to have said: "It's like pitting dunces with the wolves."
        27 words
      • Article
        Billed to win
        35 19 A FEW days before the US presidential election, a 12-year-old boy predicted that Bill Clinton would win. He was in a restaurant and he noted that everyone was saying "Bill", "Bill", "Bill".
        35 words
      • Article
        Bringing up father
        38 19 ADULTS manage their time and their money. So what do kids manage? The Ministry for Community Development recently offered a clue in the title of a talk it organised for youngsters, entitled Managing Your Parents.
        38 words
    • OPINIONS
      • Article, Illustration
        There's no question of abandonment or betrayal
        687 20  -  Peter Ho takes issue with a recent disparaging view of emigrants Peter Ho THE ARTICLE "Migrants should not return like prodigal children" (BT, Aug 29/30) by Business Times sub-editor Peter Ong is a demonstration of self-centredness and extreme myopia. Mr Ong's misconception of
        687 words
      • Article
        The elevation of the car to a social emancipator
        513 20  -  Tye Kim Khiat discusses the new meaning that cars have acquired in the lives of ordinary people Tye Kim Khiat The writer, a Melbourne-based journalist, contributed this article to BT. I With unemployment at II per eent. nobody eares which country
        513 words
      • Article, Illustration
        Lock icon Humanity won't wait
        697 20  -  Anthony Lewis highlights three humane concerns around:: the world that Bill Clinton must deal with fast Anthony Lewis The writer is a New York Times columnist NYT AT HIS first press conference since the election. Bill Clinton was asked what his priorities would be in foreign policy.
        NYT  -  697 words
      • Article
        Why CDP takes time to credit accounts
        158 20  -  LETTER TO THE EDITOR Peter Chia Public Affairs Manager Central Depository (Pte) Ltd WE REFER to Dennis W Distant's letter, "Long wait to get credit for certificates lodged" (BT, Nov 7/8). When an investor deposits his securities certificates registered in his name with
        158 words
    • LIFESTYLE 1
      • Article, Illustration
        Just like old times
        804 21  -  Jaime Ee looks back on the night Barry Manilow sang the songs that made the not-so-young girls in his Singapore audience cry Jaime Ee Barry Manilow performs again tonight at the Indoor Stadium. CONTRARY to popular belief, experiencing a Barry Manilow concert does not start inside
        804 words
      • Article, Illustration
        From wasteland to award-winning resort
        709 21  -  Wah Chang's Sheraton Grande Laguna Beach in Phuket is proof of how a developer can improve the environment rather than bully it, reports Nirmal Ghosh. He also spoke with group president Ho Kwon Ping Nirmal Ghosh THE next time you stay at a resort, how
        709 words
      • Article, Illustration
        Taking risks in Asia
        877 21 HO K.WON PING, 39, is possibly one of the more outspoken and articulate leaders of Singaporean industry. His story is familiar to most in-dustry-watchers: returning from a journalistic career in Hongkong to take over the Wah Chang Group in 1981 when his father suffered a stroke,
        877 words
      • Article, Illustration
        Great babies from the south
        476 23  -  Although NZ wines may not be well known here, they have been winning praise around the world. Nirmal Ghosh samples some. Nirmal Ghosh SOME of New Zealand's choicest wines lent a warm glow to a cool evening at the residence of the New Zealand .High
        476 words
      • Article
        Sweet dessert wines of the Loire valley
        566 23  -  The tiny village of Vouvray has been producing wines of stunning quality WINE By N K Yong CHENIN BLANC is perhaps the most underrated of the noble grapes of the world. Indeed, it probably does not even figure on the list of noble
        566 words
    • EPICURE
      • Article, Illustration
        Fresh from the West Coast
        499 22  -  Susan Tsang goes California dreaming at the Compass Rose Susan Tsang THOSE who think of Californian cuisine as California rolls can correct their perceptions at the Compass Rose. Chef Alexandre Purroy will convert ingredients freshly flown in from California into the light, healthy food that
        499 words
    • PEOPLE
      • Article, Illustration
        Lock icon LA port sets up office here
        159 23 LOS ANGELES mayor Tom Bradley was in town recently to celebrate the launch of Worldport LA's representative office based in Singapore. He was accompanied by port officials such as Worldport LA's executive director Ezunial Burts. The port, a leading sea gateway on the west
        Photos by Chris Loh  -  159 words
      • Article, Illustration
        Legal gathering
        142 23 MORE then 1,000 legal eagles attended the Law Society's annual dinner and dance at the Orchard Hotel on Oct 17. The guest-of-honour was none other than the Prime Minister himself. Mr Goh Chok Tong took the opportunity to assure the profession that the government would not allow the
        142 words
    • PURSUITS 1
      • Article, Illustration
        Ripley's last stand
        807 24  -  Alien 3 may have languished at the US box-office but it's still pretty solid stuff given the pyro-theatrics of its two predecessors, says Jaime Ee Jaime Ee THE THING to hate about sequels is that, just when you think you've witnessed a happy ending, the next instalment
        807 words
      • Article
        What a load of bull
        794 24  -  Susan Tsang watches a remake of Blood and Sand that really should have been left unmade Susan Tsang THERE have been two previous versions of Blood and Sand, starring Rudolph Valentino and Tyrone Power. So why would anyone want to attempt a third? No justification
        794 words
      • Article, Illustration
        It's party time!
        604 24  -  Nirmal Ghosh reviews the cult movie of the year Nirmal Ghosh HE will be mine" declares Wayne solemnly when he sees the definitely babelicious Cassandra belting out a heavy metal song in the Gasworks. Meanwhile, Garth sends a bullying hulk crashing into a table with his wild-west-style
        604 words
      • Article, Illustration
        Prize album from a Scottish band
        676 24  -  CD Review By RINGO LIEW SIMPLE MINDS: Glittering Prize Although Scotland gave the world the Bay City Rollers, it has more than made up for that by producing a string of bands that have been marked by passion, a willingness to experiment, and excellent
        676 words
      • Article, Illustration
        Sacred tapestries
        857 25  -  Nirmal Ghosh views an exhibition of rare tangkas Nirmal Ghosh THE SERE, rugged landscape of Tibet, with its high-altitude plateau, mountain passes, cold winds and remote monasteries, has given the world a singular, rich and exquisite genre of religious art, the tangka. A selection of exceedingly rare, ancient
        857 words
      • Article, Illustration
        Hotter than July
        906 25  -  Samuel Ee tries out two hot hatches at opposite ends of the capacity spectrum Samuel Ee THERE is always something attractively feral about a hot hatch. Maybe it's because its fat tyres and truncated tail make it look like a crouching animal, ready to pounce at the
        906 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article, Illustration
        Stocks to make you laugh all the way to the bank
        977 26  -  Malaysian banks, with the notable exception of Bank Bumiputra, are enjoying high earnings. S N Vasuki picks the best buys in the sector S N Vasuki Bank bumiputra, one of Malaysia's largest banks, dropped a bombshell the other day.
        977 words
      • Article, Illustration
        Development and Commercial Bank
        80 26 DEVELOPMENT and Commercial Bank Bhd has gained 38 per cent from its year low at M 51.76 in September to its recent high at M 52.43. The close on Thursday at M 52.30 is near support at M 52.25, a break of which would see D&C
        80 words
      • Article, Illustration
        Malayan Banking
        87 26 MALAYAN Banking Bhd traded from its year low at M 58.15 to its recent high at Mslo.lo, and at Thursday's close of Mslo.lo is poised for a short-term correction towards M 59.50. RSI and stochastics are near overbought and any upthrust from here towards resistance at M 510.40
        87 words
      • Article, Illustration
        Lock icon Public Bank
        97 26 PUBLIC Bank Bhd traded from its year low at M 51.25 in September to its recent high at M 51.70 and closed at M 51.59 on Thursday. Daily RSIs and stochastics are neutral but the weekly RSIs and stochastics are near overbought situation. These signal that any mediumterm
        SOURCE: BRIDGE INFO  -  97 words
      • Article, Illustration
        KLSE, STII and Hang Seng likely to see corrections
        446 26  -  CHART By Chew Eng Han The writer is assistant manager of in vestment at NTUC Ineome THE Kuala Lumpur Stock Exchange rose to 665 last week, satisfying the intermediate obI jective of 660. The I subsequent retraccment to 645 has been
        446 words
      • Article, Illustration
        Lock icon Betting on four Asian markets
        888 26  -  The HK, Thai, Indonesian and Malaysian markets offer investors the best possible returns, according to a broking firm. Shoeb Kagda reports Shoeb Kagda EVERY fund manager in the world now knows that stagnant economic growth in the Organisation for Economic Cooperation and Development (OECD) countries
        Source: HG Asia  -  888 words
      • Article, Illustration
        Lock icon How Asian currencies fare against the US$
        1224 27 A look at some of the factors that will affect exchange rates in the next six to 12 months THE Singapore dollar should stay relatively stable over the next three to six months. Low interest rates and smaller investment inflows are likely to
        Source: Merrill Lynch  -  1,224 words
    • SPORTS
      • SIDE LINES
        • Article
          Olympic gold medallist gets strange offers
          117 28 LONDON British sprinter Linford Christie says he's received all kinds of strange offers since winning the Olympic gold medal in the 100 metres in Barcelona. "It's been unbelievable," he said. "Someone wanted to have a cast made ot my leg, someone wanted to sculpt
          117 words
        • Article
          Cherkasov set to keep title
          67 28 MOSCOW Russia's Andrei Cherkasov on Thursday moved closer to winning his third straight Kremlin Cup by ousting a frustrated David Wheaton 6-4, 7-6 in the U*****,000 tennis tournament at Olympic Stadium. The victory for Cherkasov, 22, knocked out the last US player in the singles
          67 words
        • Article
          Graf crushes Martinez
          65 28 PHILADELPHIA Top seed Steffi Graf made fifth seed Conchita Martinez look like an amateur on Thursday as she crushed the Spaniard 6-16-1 in the quarter-finals of the U*****,000 Virginia Slims of Philadelphia tennis tournament. Graf was joined in the semi-finals by second seed Gabriela Sabatini, who battled
          65 words
        • Article
          Hulbert, Love tie in Hawaii
          92 28 KAPALUA, Hawaii Mike Hulbert and Davis Love, who played to a play-off here last year, were tied again on Thursday after the first round of the Kapalua International golf tournament. Hulbert and Love both carded six-under par 65 for a one-shot lead over Duffy Waldorf,
          92 words
        • Article
          Gilbert, Laoretti top Du Pont Cup
          84 28 KITAURA Gibby Gilbert and Larry Laoretti both shot 67 yesterday, the day's best score, as a US team won three and lost one for a 6-2 lead over Japan after the first round of the U*****,000 Du Pont Cup Japan-USA Senior Golf Match. The
          84 words
        • Article
          Martina's ex-lover sells gifts
          111 28 FORT WORTH, Texas Judy Nelson, tennis star Martina Navratilova's former live-in companion, is serving up more fodder for the tabloids these days. Nelson, who split with the star in a messy legal battle, is now trying to cash in on the glimmering artifacts of eight years
          111 words
      • Article, Illustration
        Lock icon A contest of will and fire power
        766 28 Holyfield to put young Bowe's mental strength to the test AP LAS VEGAS Will power and fire power. These ingredients, or lack thereof, are the keys that will unlock the outcome of the Evander Ho-lyfield-Riddick Bowe heavyweight title fight, which will be telecast
        AP  -  766 words
      • Article, Illustration
        Lock icon Lewis insists on right to fight winner of Holyfield-Bowe bout
        539 28 Reuter LAS VEGAS Lennox Lewis on Thursday picked heavyweight champion Evander Holyfield to beat Riddick Bowe in yesterday's title bout and Lewis' manager said his fighter would not take money to give up his right to meet the winner. "There
        Reuter  -  539 words
      • Article, Illustration
        Lock icon Old snooker pros facing strong challenge from young upstarts
        554 28 AFP PRESTON, England The days when one player dominated snooker appear to be over. Now the game is more open than it has ever been. The reason is the World Professional Billiards and Snooker Association's decision last year to end their
        AFP  -  554 words
      • Article, Illustration
        Lock icon Lendl, McEnroe in upset defeat
        416 28 AP ANTWERP Five-time winner Ivan Lendl was soundly beaten by Australian Mark Woodforde 6-4, 6-2 in the biggest upset yet at the European Community Championship on Thursday. Triple ECC winner John McEnroe suffered the same fate losing in straight sets to Czechoslovak Petr Korda, seeded
        AP  -  416 words
      • Article
        Lock icon Omar Henry: the cricketer who played against apartheid and won
        587 28 Reuter DURBAN, South Africa Each morning for the next few days, Omar Henry will get out of his hotel bed. pull the curtains and gaze down on a beach from which, even five years ago. he would not have been
        Reuter  -  587 words
    • TRAVEL
      • Article, Illustration
        Crime hits Mickey Mouse's home
        596 29  -  POSTCARD FROM MIAMI By Julie Vorman Traffic lights on Miami streets have become lairs for armed robbers waiting to attack out-of-town motorists as they consult road maps. In Orlando, home of Mickey Mouse and his pals, a young mother was recently raped at a Disney
        596 words
      • Article
        FOREIGN CURRENCY NOTE RATES
        151 29 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1293 1.1455 Canadian dollar 1.2833 1.3095 NZ dollar 0.8488 0.8660 Sterling pound 2.4850 2.5210 US dollar 1.6300 1.6380 Local dollars to 100 units of foreign currency Austrian schilling 14.60
        151 words
      • Article
        WORLD TRADE EXHIBITIONS
        75 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Jan 7-10 London Earls Court, National Boat 0784-*****® Dec 26- Valencia Valencia. Feria Muestrario *****6.11.00 International London Show. Meadlakc Jan 3, International Spain Internacional Boat Show Place. Thorpe V 1993 Trade Fair De Valencia Lea Road Jan
        75 words
    • Article
      CINEMA
      663 30 A League of their Own. Baseball movie with Tom Hanks and Madonna slugging it out on the pitch. Directed by Penny Marshall. Midnight tonight at Cathay 2, Orchard, Broadway 2. Yishun 10: 10.30; 11.40. 10.30 am show tomorrow at Broadway 2. Alien 3. Sigourney Weaver continues to battle an
      663 words
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      150 19 ansa 3343 5 8 8 .343 6 8 8 Available exciusiveb: SINGAPORE Burberry* Main Shop 455 Orchard Road. *02-42/45/44. Wisma Atria. Singapore 0923 Tel *****13. Burberry* Shop-ln-Shop DAI MARL' DFS Orchard HALLEVS ISET.VN Haxelock ISET.VN Orchard NAN HEN LEATHER GOODS SOGO Authorised Dealer* DFS Changi Airport F] BENJAMIN Changi Airport
      150 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      89 20 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business l imes every Monday, is must reading for managers who want the competitive edge. Plus an occasional look
      89 words
    • Advertisement
      Page 20 Advertisements Column 2
      42 20 L BT welcomes 1 J letters from you. v. k Please address them r r to: The Editor, 1 i Business Times, f C 390 Kim Seng Rd, J S'pore 0923. Letters C K should include your r r contact numbers. S
      42 words
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      1048 22 Nothing Beats A Bud, ftlfflnfll where to wine, dine ?W Penang High Tea At only $11.80++ per adult and $6.80+ per child, Thecombinedexperienceof inclusive of coffee/tea, this is our Penang chefs total 80 one high tea with a years to bring you the best! difference you should savour. ICING'S MUNI'INN
      1,048 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      217 23 AND ENTERTAIN WE'RE GOING DOWN UNDER This week, Australian cuisine takes centrestage at our dinner buffet. All prepared with the freshest airflown ingredients. At Cafe-in-tlie-Park from 9 to 14 November 1992. $24.00+ per adult $12++ per child rt For reservation, please call ANA HOTEL S* 732-1222 extension 1700 SINGAPORE f
      217 words
    • Advertisement
      Page 23 Advertisements Column 2
      7 23 Advertising Marketing in Business Times every Thursday
      7 words
    • Advertisement
      Page 23 Advertisements Column 3
      104 23 SHOKADO -2BENT Q-SS Set Lunch and Dinner 2 Nov 30 Nov '92) Don't miss this value packed set meal in November. The Bcnlo set promotion consists of a 6-course meal served with green salad and Kobachi. The main course is the yellow tail grilled with our very own Nishiki sauce.
      104 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      93 25 A SPECIAL BRAND OF FREEDOM. I V. The world is changing rapidly. And more than communications systems-and has been for years. l7lj I anything else, it's the freedom to communicate When it comes to research and development, Ml that has made many of these changes possible. we're the top of
      93 words
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      319 27 Hiq Mirchrmm 1 ilu IVlUulliVA/lil Can he make it? Can Singapore? Biotechnology, which turns the secrets of gene behaviour to commercial use, holds out the promise of high returns for U high risks. Singapore with its handful of pioneering P II I I II entrepreneurs like Dr Tan Kok Kheng
      319 words
    • Advertisement
      Page 27 Advertisements Column 2
      234 27 SHARE *JX>AN I m K W Hfek. I j It's Quick and Easy. Get instant H I cash for your shares oyer the t counter at any of our 28 branches. Use the loan for any purpose. Loans from $2,000 to $100,000. MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS!
      234 words
Page thumbnail Page 28
Page thumbnail Page 29
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1293 29 City Flight ETA Flight ETC Abu Dfcabi GA970 0010 GA976 0025 Adolaido SQ228 2015 Amman RJ187 0130 Amsterdam SQ319 0810 KL838 0040 KL837 1515 SQ342 2300 Auckland NZ21 1700 N222 1826 SQ286 2045 B S«ri Bogawan BI421 1105 SQ182 0930 SQ181 1425 BI422 1205 B1429 2030
    1,293 words
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      41 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. We know Europe from start to Pmnith.
      41 words
    • Advertisement
      Page 29 Advertisements Column 2
      42 29 9 Days Kenya Safari $I9BS^S^3 B The country's special appeal unique combination of wildlife B Direct Flight/All Sightseeing/Full Day Game Viewing/ J I All Meals/Exclusive Logde Accommodation < > Park/ Lake Nakuru National Park/Maasai Mara National Pork —UdUhMiM K^R«Bf9ISSVBSWKR99B i MB HUH HBHt IB
      42 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      285 29 1 Hymn that's a proposal for r marriage? (5,4,2) MB MM 10 The Spanish taken in by a bird, a Trojan beauty! (5) f 11 Gruel liar prepared for an underground fighter JBL——JUL--13 Join one with energy (5) ■■■■■h HH 14 Having sawn timber, move heavily (6) f 16 Queasy,
      285 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      191 29 Singapore Outlook: Cloudy with occasional showers in the late morning and afternoon. Report: Maximum temperature 28.8 Assoc humidity 79% Minimum temperature 23.5 Assoc humidity 95% Hours of sunshine 0.20 Rainfall in mm trace Rainfall this month 373.7 Rainy days this month 10 World report Asia-Pacific Hi/Lo* Cond. Auckland 20/14 Cloudy
      191 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      74 29 -TUPS-- rn*P ftT iw ic L3CQ- GLOSS RSA Smr»S VOOUe )S mipDLC OV€R TV^CHPiP f\S pyM fWiD STUDOJT OF TVt£Nfvrufce i mvc idrAs2?^2 USI v ToP SOFT AdRM LG-PiRHf To JODGC ft PvG£TneNT MW&KIiNe. P*D ftv TMOR Sv9 MTO ING r ,v "Y' r r Vjfif— X -y-jW C ,>V)|\
      74 words
Page thumbnail Page 30
  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      2075 30 TODAY'S TV HPVfTWnTJVTJTSB the Outskirts (See Our ~~~~~^~sapun(M, L). 1 Li J LH Choice). 03 Horizon. 11.15 Italian Soccer 92/93 1.30 Varia Sen! (M). Judgement at Nuremberg, Hillary's Adventurers, 1pm, Milan v Torino. 2.00 Orama Pilihan i mi 1.55pm, sbc 12 sbc 5 1135 Ck>s€ !i dah Ria 3.30 Smoggies.
      2,075 words
    • Miscellaneous
      Page 30 Miscellaneous Column 2
      632 30 The Black Stallion, 3.00pm, Funicello return to the beach SBC 5 scene of their youth in this Magical 1979 tale of a boy 1987 comedy. They may be and a horse. They go through parents but they are no wiser, a shipwreck and on to a rac- and a lot
      632 words