The Business Times, 7 August 1993

Microfilm: NL18959
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    14 1 Business Times MITA (P) 552/12/92 Weekend Edition, August 7-8 1993 WE KNOW ASIA 75*
    14 words
  • Article, Illustration
    Lock icon 2 arrested in connection with alleged NOL share-rigging
    408 1  -  By Amy Balan, Dexter Lee SINGAPORE Two men were arrested yesterday in connection with alleged rigging of the Neptune Orient Lines share price last month. Tan Boon Chiang, managing director of a company called Jumbo Diamond House, and Casey Low Chin Yee,
    Photos by Chris Loh and Tan Suan Ann  -  408 words
  • Article
    Barker fined $500, acquitted on second charge
    197 1 STOCK EXCHANGE chairman and former law minister EW Barker was fined $500 yesterday for inconsiderate driving. But he was acquitted on a second charge of refusing a police order to give a blood sample. Barker, 72, who is also chairman of Bukit Turf
    197 words
  • Article
    OCBC's interim profit up 31.7pc, plans 1-for-6 bonus issue
    516 1  -  By Magdalene Ng SINGAPORE OCBC Bank is set to hit record earnings this year with the announcement yesterday of a strong 31.7 per cent jump in group net profit to $180.05 million for the six months ended June 30. And like
    516 words
  • Article
    Gold price eases further in nervous trading
    215 1 LONDON The price of gold eased further in highly nervous trading yesterday following the largest one-day fall in the bullion price since it plunged by around US$35 (Sss6) in the hours after the Gulf War started in January 1991. Heavy selling by US
    215 words
  • Article
    Lock icon Ghafar ready to face Anwar challenge in party polls
    278 1 AFP KUALA LUMPUR Malaysian Deputy Prime Minister Ghafar Baba will defend his number two post in the powerful United Malays National Organisation (Umno) against an expected challenge from Finance Minister Anwar Ibrahim, a senior Ghafar aide said yesterday. "Ghafar will remain
    AFP  -  278 words
  • Article
    Lock icon Hosokawa formally elected Japan's new prime minister
    428 1 ap, Reuter, AFP TOKYO Morihiro Hosokawa, the descendant of a feudal warlord, was elected Japan's new prime minister late yesterday after parliamentary wrangles held up the inevitable for two days. Mr Hosokawa, leader of a coalition that toppled the Liberal Democratic Party (LDP)
    ap,; Reuter,; AFP  -  428 words
  • 2am LATEST
    • Article
      Lock icon London, Paris bourses Hit record highs
      173 1 Reuter AFP LONDON The London and Paris stock markets stormed to record closes yesterday, boosted by hopes of lower interest rates. Frankfurt closed at its yearly high and Milan was also strong. The CAC-40 share index in Paris jumped 34.53 points to a new
      Reuter; AFP  -  173 words
    • Article
      Lock icon Indian truckers end crippling strike
      56 1 Reuter NEW DELHI India's striking long-distance truck operators ended their six-day protest yesterday. The Press Trust of India said the All India Motor Transport Congress, which has led 1.8 million trucks off the road since Sunday, agreed to end the strike immediately after the government
      Reuter  -  56 words
  • Article, Illustration
    MARKET SUMMARY
    113 1 Slock market indices FrMay Change STII 1.871.25 +9.62 KLSE Composite 778.66 -6.83 Nikkei 20.357 94 -67.70 Hang Seng 7.396.77 +89.23 SET Index 958 84 10.58 Jakarta Composite ...362.61 +2.61 CLSA China B 127.1 -7.8 Aust All Ord 1,842.2 -23.1 FTSE 100 2.969 8 26.4 Friday Pwtwi Ipa dm
    113 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      26 1 IHBEEt Ss?' ■«j *jk Chua Kim Yeow to contest presidential election iH Full report, Pg 2 US House approves Budget compromise by narrow margin, Back Page
      26 words
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      Page 1 Advertisements Column 2
      9 1 Lifestyle Cover Story: el i Interview with Richard Li
      9 words
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      Page 1 Advertisements Column 3
      13 1 CPF investment schemmSJv Chance to build bigger nest egg Gold shakeout Pg 7
      13 words
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      Page 1 Advertisements Column 4
      360 1 What's bre^^yuFocakfir{? Conservation: el 6,7 Back in home pastures [I< I V -IV*.yr t/- it T Hi > A ft f. I*4 \l- t Only when function and style combine perfectly DOES A GREAT CLASSIC EMERGE. L H The Dual Time is equipped with an automatic movement indicating the date
      360 words
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      Page 1 Advertisements Column 5
      52 1 CONTENTS NOTS CWPMIM S pore News 2 S*pore4fs» Si fctaul Km I Fmancot 7 World News 4 F«hm Martwti H a<s Qob/KLSL SK 11.12 Rwwws a i.l Ketcmii 9 Sports 13.14 World J TY/Kate 0.12 Currencies .7 Foc« IS Sanet/Commo 8 «Ml»U>pU«ll Id 1800-*****77 Fv *****7b BT Mtotial Tel *****18
      52 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Chua Kim Yeow to take on DPM
      549 2  -  Election for presidency ...i, nopons v) Anna Teo RETIRED banker and former Accountant-Genera! Chua Kim Yeow will stand against Deputy Prime Minister Ong Teng Cheong in the Aug 28 presidential election. Mr Chua, 67, now a director on the boards of several companies,
      549 words
    • Article
      Teng Cheong looking forward to the contest
      158 2 DEPUTY Prime Minister Ong Teng Cheong said last night he was looking forward to the contest for the presidency. Asked to comment on retired banker Chua Kim Yeow's candidacy. Mr Ong said he was told about it over the telephone yesterday and had
      158 words
    • Article, Illustration
      Goods sold in S'pore are price-competitive: STPB study
      410 2  -  By A J Leow RETAIL goods sold in Singapore are price-competitive compared to Hongkong and Bangkok, according to a recent pilot survey commissioned by the Singapore Tourist Promotion Board. Known as the Tourism Retail Price Index (TRPI), the survey was carried out
      410 words
    • Article
      Queenstown-J urong E service resumes, cause of crash still unknown
      357 2  -  MRT collision By Dexter Lee MRT TRAIN services between Jurong East and Queenstown resumed yesterday morning. But the cause of the train collision on Thursday is still unknown. The accident at Clementi station, which injured more than ISO, took place
      357 words
    • Article
      Singapore's PD Int'l ties up with Japanese glass maker
      279 2 ONE OF Singapore's biggest glass and aluminium fabricating companies has embarked on a joint-venture with a leading Japanese high-end glass maker. PD International Group through its subsidiary. Allglass Services (S) Pte Ltd has tied-up with Asahi Glass Company to form a
      279 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      30 2 Men myw V\««rs Up taUtt WUk M The Skf. \rt Ma/i? Mction Rooms: Mate, hded Rose Wwate \wetion TheWestinStamford&JTheWestin Plaza Singapore Call Westin Catering at 338 3808 for more information.
      30 words
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      Page 2 Advertisements Column 2
      30 2 Rare opportunity: Used BEECHCRAFT 1900 C Airliner New -1986, Hrs 3100 only. For more details and pictures pis contact: ZAHRINGER ASIA TRADING P/L, Mr. Steve Zahringer, Tel: 468-5933 Fax: 462-4894
      30 words
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  • THE REGION
    • Article, Illustration
      Lippo chief plans US$10b development in Fujian
      475 3  -  By Quah Choon Poh SINGAPORE Indonesia's Lippo group chairman Mochtar Riady is planning to develop US$lO billion (Ssl6 billion) worth of ports, roads, industrial parks, hotels and retail centres in China's Fujian province. According to the latest issue of the Hongkong-based Asia Inc
      475 words
    • Article
      Lock icon Additional charges against Lorrain Osman dropped
      194 3 AFP HONGKONG The Hongkong government yesterday dropped another 15 charges of fraud, bribery and theft against the already jailed Malaysian banker Lorrain Osman, ending a long-running legal battle. The government's decision was announced when Osman, who was sentenced on June 26 to one year
      AFP  -  194 words
    • Article
      Lock icon Apec to discuss Pacific free-trade zones, says US
      435 3 Knight-Ridder. AFP WASHINGTON The Asia Pacific Economic Cooperation meeting later this year will discuss the possibility of creating free-trade zones in the Pacific region, a senior Clinton administration official said on Thursday. Officials of the 15 membernations of Apec will discuss the
      Knight-Ridder.; AFP  -  435 words
    • ASIA NOTES
      • Article
        Lock icon Surge in China's private businesses
        91 3 AFP BEIJING The number of private businesses in China continued to swell in the first half of 1992, with the scctor now employing more than 30 million people, the China Dailv said yesterday. According to State Administration for Industry and Commerce figures, the number of
        AFP  -  91 words
      • Article
        Lock icon First non-army Indon ambassador to US
        68 3 Reuter JAKARTA Indonesia yesterday appointed former trade minister Arifin Sircgar as its ambassador to the US, said official news agency Antara. He is the first non-military official to hold the post since President Suharto took power in the *****. Former army chief Benny Murdani,
        Reuter  -  68 words
      • Article
        Lock icon Aussie GDP growth may be overstated
        93 3 Reuter SYDNEY Australia's economic growth recorded its strongest quarterly rise in more than three years in the June quarter, but economists said yesterday that the relatively strong growth rate might have been overstated. Prime Minister Paul Keating and Treasurer John Dawkins welcomed the data
        Reuter  -  93 words
      • Article
        Lock icon Philippine current account gap widens
        71 3 Knight-Ridder MANILA The Philippine current account deficit widened to US$4l6 million during the first four months of this year, expanding from US$2Bl million a year earlier, the state Central Monetary Authority said on Thursday. A larger trade deficit and lower amount of funds transferred to
        Knight-Ridder  -  71 words
      • Article
        Lock icon Hanoi's Spratlys port ready next year
        89 3 AFP HANOI Vietnam is to complete construction of a fishing port next year in the Spratly islands, a chain claimed in whole or in part by six countries, including China, the daily Ha Noi Moi said here yesterday. The newspaper said the port would
        AFP  -  89 words
    • Article, Illustration
      Lock icon World Expo '93 opens in South Korea
      298 3 Reuter TAEJON, South Korea South Korea's Taejon World Expo '93, which opened yesterday, is welcoming participants from 108 countries. "The world is coming together at Taejon Expo '93 to seek a new road to development," President Kim Young Sam said in his opening
      Reuter; AFP  -  298 words
    • Article
      Lock icon Indian economy shows mixed fortunes
      500 3 Gains in foreign investment, poor growth in industrial production Reuter BOMBAY The Indian economy is showing contrasting performances, with gains in the farm sector, foreign investment and exports but disappointing growth in industrial production and energy, a survey published by a leading Indian think-tank said
      Reuter  -  500 words
    • Article, Illustration
      Lock icon Fires under control, Hongkong's help no longer needed
      506 3 Aftermath of Shenzhen explosions Reuter SHENZHEN, China Fires triggered by a string of massive industrial explosions in the southern Chinese city of Shenzhen were under control by yesterday but as many as 70 people were feared dead, officials said. Chinese authorities made
      Reuter  -  506 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
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      52 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon EC looks into dumping charges
        67 4 Reuter BRUSSELS The European Commission said yesterday that it is opening an anti-dumping inquiry into American soda ash •imports into the European Community. The Commission said it was acting on a complaint from the European Chemical Industry Council, which alleged that the imports concerned had
        Reuter  -  67 words
      • Article
        Lock icon New poll a blow for Major's govt
        72 4 Reuter LONDON A new poll has dealt a blow to the government of Prime Minister John Major, showing the ruling Conservative Party lagging behind its two main rivals. The findings, published in yesterday's Daily Telegraph newspaper (with last month's figures in brackets), give
        Reuter  -  72 words
      • Article
        Lock icon Cuba's biological weapons programme
        79 4 UPI WASHINGTON United States officials are studying whether Cuba is developing biological weapons for sale to other nations and an expert on Cuba says it is possible that such a programme exists. Edward Gonzalez, a consultant for the Rand Corp, which studies defence and military issues,
        UPI  -  79 words
      • Article
        Lock icon First woman to head US air force
        91 4 AFP WASHINGTON The Senate has confirmed Sheila Widnall's appointment as Air Force Secretary, making her the first woman to head a branch of the United States armed forces. The vote on Thursday endorsed the nomination of Ms Widnall, 55, an aeronautical engineer and
        AFP  -  91 words
      • Article
        Lock icon US may ban Norwegian imports
        77 4 Reuter WASHINGTON The United States Commerce Department said it has taken a step towards an possible ban on Norwegian imports in response to Norway's defiance of an international ban on whaling. The Commerce Department, in a letter to President Bill Ginton, said Norway's action diminishes
        Reuter  -  77 words
      • Article
        Lock icon Head of Russian arms agency sacked
        81 4 Reuter MOSCOW The chairman of Russia's huge state arms exporting agency has been sacked for misusing his position, Prime Minister Viktor Chernomyrdin said yesterday. Major-General Sergei Karaoglanov was sacked a month ago, an official of Oboronexport, which enjoys a virtual monopoly in overseas arms
        Reuter  -  81 words
    • Article
      Lock icon Nafta talks extended in hope of wrapping up side deals
      435 4 Reuter WASHINGTON United States, Mexican and Canadian trade negotiators, encouraged by signs of progress, decided to extend their talks into yesterday to reach side accords to the planned North American Free Trade Agreement. A US official said they were making
      Reuter  -  435 words
    • Article
      Lock icon UN has just enough cash for one month
      217 4 Reuter UNITED NATIONS The United Nations, owed more than US$2 billion (553.2 billion) in unpaid dues and facing its worst financial crisis, has only enough cash to last about a month, Secretary-General Boutros Boutros-Ghali told members. In letters to government heads or
      Reuter  -  217 words
    • Article
      Lock icon US intelligence agencies should not spy for industry: business panel
      400 4 AP WASHINGTON The United States intelligence community should act as a "defensive shield" for American businesses but should not spy for them overseas, a panel of business and intelligence experts recommended on Thursday. "We do not believe it is either
      AP  -  400 words
    • Article, Illustration
      Lock icon The flying penguin
      65 4 AFP HANOVER, Germany This giant penguin drifting over the landscape close to Hanover on Thursday is the creation of two German cartoonists, Uli Stein and Gerd Koch. The balloon, which is 31 metres high and 18.4 m wide around the belly, is due to take part in
      AFP  -  65 words
    • Article
      Lock icon Russian govt backs tough reform plan to control inflation
      345 4 Reuter, AFP MOSCOW Russia's government yesterday approved in principle a draft economic programme that calls for tough measures to control inflation and lift the country out of financial crisis, Itar-Tass news agency said. A separate draft resolution, adopted at an expanded
      Reuter,; AFP  -  345 words
    • Article
      Lock icon Christopher ends Middle East mission
      271 4 AP, AFP, DAMASCUS United States Secretary of State Warren Christopher ended his Middle East peace mission yesterday reporting plodding progress. "There is some progress, and many difficulties," he said of the search for peace in the region. He added that he had put the peace
      AP,; AFP,  -  271 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      256 4 Queensland F J*"?ss([ A^ighlTl leSLS ists FigjOTe It EithSs) It's an unbelievable proposition that has left the as golfing on some of the most beautiful golf courses business community stumped. Especially since it's in anywhere in the world. And because there's so much spectacular Queensland Australia's "sunshine state". to do,
      256 words
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  • COMPANIES & MARKETS
    • Article
      YHS buys controlling stake in China drink maker
      347 5  -  By Genevieve Cua SINGAPORE Food and beverage maker Yeo Hiap Seng has bought a 51 per cent stake in a drinks manufacturer in China. The US$5 million (SsB.l million) investment in Guangdong-based Success Foods is the first direct investment by YHS in
      347 words
    • Article
      Philip Yeo appointed Sembawang Shipyard director
      225 5 SINGAPORE Economic Development Board chairman Philip Yeo yesterday joined Sembawang Shipyard as a director, effectively adding fuel to rumours that he will take over from Sembawang's retiring executive chairman Hsu Tse-Kwang. Mr Yeo was also appointed a director of Sembawang Holdings, with effect from
      225 words
    • Article, Illustration
      Lock icon Only 99 submit tenders for Countryside houses
      405 5  -  w Lilian Ang, Ang Wan May SINGAPORE The response to the tender for OCBC's Countryside houses in Yio Chu Rang has turned out to be a lot of hype but little action. When the tender closed yesterday, only 99 tender submissions had been
      Photo by Chris Loh  -  405 words
    • Article, Illustration
      Lock icon Why the sudden interest in Focal Finance shares?
      766 5  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE What's brewing at Focal Finance Ltd (FFL)? The share price of the finance company controlled by OCBC Bank has surged tremendously, especially in the last five days. This has prompted the stock exchange to
      Source: Bridge Info  -  766 words
    • Article
      Telekom Malaysia posts after-tax profit of M$490m
      347 5  -  From Leslie Lopez in KUALA LUMPUR THE first-half earnings of Malaysia's national telecommunications company Telekom Malaysia Bhd failed to excite analysts and prompted some profit-taking in its shares yesterday. Investment analysts said Telekom's after-tax profit of M 5490.3 million (*****.1 million) for the
      347 words
    • Article
      Wednesday date for 3 Sesdaq firms
      163 5 SINGAPORE The shares of Superior Metal Printing (SMP), San Teh and GB Holdings will begin trading on the main board of the local stock exchange on Wednesday. The three Sesdaq companies received in-principle approval for the transfer on July 29. Shareholders of the three
      163 words
    • Article
      King's Hotel interim profit up 25pc
      173 5 SINGAPORE King s Hotel yesterday announced a 25 per cent rise in net earnings to $4.09 million for the six months to end-June. Despite a 1.2 per cent drop in turnover to $28.7 million, the bottom line was buoyed by a 74 per cent
      173 words
    • Article, Illustration
      Lock icon SUMMARY
      308 5 Source: Bridge Info Performance of STII's Index stocks Aug 6 Last Sene Mn Stock talc Ckgc tmorMiwi (S) (T) Avimo 1.870 -0.010 1.41 -1.47 CftC 7.JS0 5 56 Cetrtoos 6 150 0 200 4.65 24.41 FAN 13 600 0 200 10.28 29.4! GF Asia 3.200 0 080 2.42 11.76
      Source: Bridge Info  -  308 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          DBS Land buys software system
          63 6 SINGAPORE DBS Land said yesterday it has bought Client, an advanced project information management software system, for use by its wholly owned subsidiary DBS Property Services Pte Ltd. DBS Land paid $330,000 for the system, which is developed by CSSP, an Australian software house which
          63 words
        • Article
          Property firm buys more RDC shares
          108 6 SINGAPORE Resources Development Corporation said yesterday that the wholly owned subsidiary of property-based Teng Fuh Holdings, Kah Fuh Retail, had bought 100,000 more RDC shares on Aug 4 and 390,000 shares on Aug 5. It paid $404,350 for the Aug 4 purchase and 1.6
          108 words
        • Article
          NOL ties up with HK shipowner
          69 6 SINGAPORE Neptune Orient Lines announced yesterday the signing of an agreement to form a joint venture with Bao-Trans Enterprises, a Hongkong shipowning company. The tie-up is to own an ore bulk oil vessel. Bao-Trans Enterprises is owned by Shanghai Baoshan Iron Steelworks (Baoshan) and
          69 words
      • Article
        Lock icon Metrojaya plans to buy 2 hotels in US, London
        361 6 Bernama KUALA LUMPUR Metrojaya Bhd, which proposed to acquire the Ming Court Hotel chain from Malayan United Industries (MUI) Bhd, is planning to acquire two more hotels in the US and London. Speaking to reporters after the company's annual general meeting
        Bernama  -  361 words
      • Article
        Sembawang Engr in tie-up for regional projects
        108 6 SINGAPORE Sembawang Engineering has joined forces with environmental engineering consultant Montgomery Watson to bid for infrastructure projects in the region. The pact is the latest in a series of alliances Sembawang has formed with international engineering giants. It also cooperates with Frankfurt-based Lurgi
        108 words
      • Article
        Lock icon UEM to acquire stake in listed company in the Philippines
        179 6 Bernama KUALA LUMPUR United Engineers (Malaysia) Bhd is to acquire a 29.5 per cent direct and 8.6 per cent indirect interest in Mankayan Minerals Development Company Inc, a public-listed company in the Philippines. Commerce International Merchant Bankers Bhd said on
        Bernama  -  179 words
      • Article
        Lock icon Philips' second-quarter profit exceeds expectations
        313 6 Reuter EINDHOVEN, Netherlands Philips Electronics NV turned its back on past disappointments on Thursday, revealing far better than expected sec-ond-quarter profit after costcutting at the Dutch giant finally gave investors some good news. Analysts said that by scrimping and saving through its rainiest recessionary days.
        Reuter  -  313 words
      • Article
        DIVIDENDS ANNOUNCED
        638 6 Pavment Ex Books Pay dale close dale Alex Hides SO* b 6 Aug 31 Sep 6 Sep 28 Antral 25' F 20 Jul 13 Jul 19 Aug 16 Asia Pac Ld 50- b 2TE Jul 26 Aug 10 Sep 8 BAT 21* I 61.9 Aug 23 Aug 27
        638 words
      • Article, Illustration
        Lock icon Hashim Aman to retire as Maybank chairman in October
        153 6 Bernama KUALA LUMPUR Hashim Aman will retire as chairman of Malayan Banking Bhd at the annual general meeting in early October, the bank said yesterday. Maybank named Mohamed Basir Ahmad as possible successor. Mr Mohamed Basir, adviser at Bank Negara since
        Bernama  -  153 words
      • Article
        Lock icon Kim Hin Industry's foreign shareholding limit removed
        184 6 Bernama KUALA LUMPUR The Foreign Investment Committee yesterday agreed to remove the 30 per cent limit on foreign shareholding in Kim Hin Industry Bhd, the company's adviser, Malaysian International Merchant Bankers Bhd said. It said yesterday that the FIC had imposed the limit
        Bernama  -  184 words
      • Article
        Lock icon India's four main bourses to have market makers
        358 6 Knight-Ridder BOMBAY India's four main stock exchanges are going to get market makers, the Securities and Exchange Board of India (Sebi) said on Thursday. Under the new system, a market maker will provide continuous bid-and-offer quotations for tradable lots in preassigned issues.
        Knight-Ridder  -  358 words
      • Article
        UNIT TRUSTS & FUNDS
        457 6 UNIT TRUSTS FUNDS iimpn prtew Aug 7 a io Insurance Fund II -A T t Income Bond Polio 3.37 3.50 Mvgipore unix nisi in■■iia—Hai The Commerce I.J7 144 riuOCfTUM The Savings Fund 1.27 1 33 ProUnk Mgd Fund 1.17 1.23 S pore Prof Fund 0.59 0.62 BflADA S pore See
        457 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Gold market in turmoil after sell-off
        423 7  -  From Neil Behrmann in LONDON HAS gold's boomlet peaked, following its sudden price plunge in "freak" trading conditions? "The market is extremely nervous," say Swiss, German, London and New York dealers who are hoping that the price will consolidate between US$37O (*****) and US$3BO
        Source: TeleTrac  -  423 words
      • Article
        Prices weaken as output grows
        329 7 Bloomberg ENERGY REPORT NEW YORK Crude oil in New York and London fell to three year lows yesterday, as traders said Nigeria has indicated it will push for increased oil production in the fourth quarter. Prices have plunged about 15 per cent since June 1
        329 words
      • Article, Illustration
        Simex dismisses doubts over its future
        443 7  -  By Quak Hiang Whai SINGAPORE The Singapore International Monetary Exchange yesterday rebutted a claim by a Japanese research institute that it has an uncertain future. Japan's Daiwa Institute of Research an arm of the giant Daiwa Securities group had suggested that Chicago's Globex computerised
        443 words
      • Article, Illustration
        Dollar still bullish against mark
        510 7 DBS Weekly Currency Review US$/DM: More downside before uptrend resumes USS/DM took a plunge early in the week, reaching a low of 1.6983 on Tuesday. Thereafter, it recovered to 1.7195 on Thursday before easing to trade around the 1.7100 level on Friday morning. The long-term
        510 words
      • Article
        Corrections
        75 7 In our DBS weekly currency review on Jul 31, we said the US dollar being overbought "could find strong support at 5fr1.4910". This is wrong. The report refers to daily stochastics which were at overbought levels, suggesting the US unit may meet strong resistance on the upside. On the
        75 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        100 7 LETHARGY best characterised yesterday's market, with banks sidelined for the long weekend. There was very little trading interest, with dealers just covering positions. It was another slow day in the Singapore dollar, which saw a very narrow five-point range. The same could be said for
        100 words
      • Article
        Lock icon London
        178 7 UPI LONDON The dollar moved lower against the main European currencies yesterday. In European trading, the German mark made gains against most major currencies on the foreign exchanges. The mark gained over 2 pfennigs against the pound to close at 2.5422 compared with Thursday night's close of 2.5639. Against
        UPI  -  178 words
      • Article
        Lock icon New York
        87 7 AFP NEW YORK The dollar gained ground against major currencies except the German mark in moderately active trading early yesterday, while the price of gold rose slightly. At about 9:30 am (1330 GMT), the greenback was trading at 1.7072 German marks, down from 1.7105 late Thursday. The US
        AFP  -  87 words
      • Article, Illustration
        Untitled
        1527 7 Trttdr-wnghud indrx cakulaird afaintt S'parr'i top 14 trading parrntn. Bav year 19m US$/S$ forward rates Noon Au£6 gg BU Oftr 1-month 1.6131 ***** 2-month 1.61)1 |.6|jb 3-month 1.6131 I.6I& 6-month 1.6122 I 6lt> Sounr OCm Source: OCBC FOREIGN CURRENCY NOTE RATES As at ltaa M tag t Singapore dollars to
        1,527 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars end steady in thin trade
        1490 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended steady in thin trade yesterday, with investors sidelined ahead of the release of US unemployment data at 1230 GMT. dealers said. The benchmark December contract ended at 96.25 against 96.24 on the IMM previously on some
        Reuter  -  1,490 words
      • Article
        Tin unchanged on better demand
        586 8 COMMODITY REPORTS Tin TIN" closed unchanged at MS 12.60 a kg yesterday on further covering and support by a smaller offering, traders said. They noted further demand from local and European interests but falls on the London Metal Exchange (LME) overnight kept a lid on
        586 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China's copper prices seen sagging
          82 8 TOKYO Copper prices on the Shanghai Metal Exchange are likely to continue weakening as buyers find it increasingly difTicult to secure funds, Chinese trade sources say. Copper for August delivery is now bid near 18.500 yuan per tonne, compared with 19.400 yuan in mid-July and
          82 words
        • Article
          India aims for higher soybean output
          83 8 NEW DELHI India is aiming to harvest a record 4 million tonnes of soybean in the next 1993-94 (Nov-Oct) season from an estimated 3 million in the current year, industry officials said. The output leap is expected as more farmers in western Maharashtra and
          83 words
        • Article
          Tapis crude premiums seen steady
          107 8 SINGAPORE Premiums for Malaysian Tapis crude are expected to stay around 30 US cents per barrel above spot quotes, despite sellers' attempts to push them up to 40 cents for September, traders said. They said two or three September cargoes remain available. Malaysian state-owned oil
          107 words
        • Article
          China buys more gas oil for August
          93 8 SINGAPORE China has bought more gas oil for August, taking advantage of cheaper prices in Asia, said a source at China's Sinochem yesterday. So far. Sinochem has bought eight to nine 20,000tonne cargoes of gas oil for August through its Beijing head office
          93 words
    • Article
      COMMODITY PRICES
      1684 8 Rubber MS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 93 134 50 134 50 134 25 ilo 3.125 Oct 135 00 134 75 134.75 475 5.825 Nov 135 50 135.25 135.25 1225 5.950
      1,684 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1221 9 -23.1 Signs of a stronger economy helped the Australian share market limp back to close off its lows, after being battered at the open by a slump in the gold price. Gold dived almost US$2O in New York, causing a frenetic sell-off at the opening here, with the gold
        1,221 words
      • Article
        Seoul
        368 9 -10.57 Seoul stocks closed sharply lower as large-capitalisation shares shed early gains and individual investors remained in the sidelines, brokers said. They said the market would remain weak as there were no market boosting factors in sight. The index lost 10.57 points to close at 721.48. Brokers said there
        368 words
      • Article
        Manila
        600 9 -16.95 Share prices dropped on gold losses in New York and brokers said the market's behaviour next week is likely to hinge on the metal's movement. The indices at the Manila and Makati bourses fell by more than 13 points, with the mining index dropping nearly 500 points in
        600 words
      • Article
        Taipei
        530 9 -29.59 Share prices ended mostly lower as investors took profits following a 2-day rally amid continued political concerns, brokers said. The weighted index settled at 4,025.93. down 29.59 points from Thursday. Turnover shrank to NT$l9.B billion from NT$2O.3 billion. "Profit-taking emerged today, reflecting that investor confidence is not as
        530 words
      • Article
        New Zealand
        236 9 +2.13 An eight cent rise in Telecom masked an otherwise corrective day on the New Zealand share market. The NZSE-40 Capital Index reversed an earlier 13.4 point fall to end up 2.13 at 1,895.99 and finish the week 4.4 per cent higher at yet another three-year high. Volume
        236 words
      • Article
        Bombay
        39 9 -59.47 Share prices declined in the unofficial "kerb" market on profittaking by speculators, brokers said. The Bombay Stock Exchange 30-share index closed at 2,38?. 18, down 59.47 points. The 100-share national index closed 19.26 points higher at 1,120.38.
        39 words
    • WORLD STOCK MARKETS
      • Article
        London
        627 9 +26.4 Trading was brisk on stock markets yesterday as investors took an optimistic view of a consumer-led economic recovery coupled with hopes for falling interest rates. The blue-chip Financial Times Stock Exchange 100share index closed at 2,969.8 points, up 26.4 points. The narrower Financial Times 30 index closed at
        627 words
      • Article
        Paris
        151 9 +34.53 The Paris CAC-40 Index closed at a record high, after peaking at an intraday record of 2,150.65 points on growing expectations that French rates may come down soon, dealers said. Some said the market could go even higher next week after the reopening of the Bank of France's
        151 words
      • Article
        Stockholm
        130 9 +0.71pc Utility Sydkraft's sale of over 3.6 million shares in industrial gas group AGA lifted Swedish bourse turnover to a record 3.9 billion crowns' worth in a day. Calculated on AGA's closing price of 388 crowns. Sydkraft's sale of the block, to Swiss investors according to industrial sources, was
        130 words
      • Article
        Frankfurt
        155 9 +8.68 Share prices ended at a new 1993 closing high, despite trimming gains towards the close on position-squaring. The DAX 30-share Index closed up 8.68 points at 1.869.38. a rise of 66.15 points on last Friday. Frankfurt Auk *> DM AM M 50 4 40 BASF :<3 «o 20
        155 words
      • Article
        Brussels
        168 9 19.18 Steel shares Cockerill Sambre. Arbed and Clabecq all firmed on the Brussels bourse in a market that was pushed higher overall by the start of a new accounting period amid healthy volume. Dealers also said the market was catching up to other centres after a couple of days
        168 words
      • Article
        Milan
        132 9 +2 Italian stocks were mixed with telecommunications stocks shooting ahead and the rest of the market sagging. traders said. "All attention was on telecoms. The orders just kept piling in, but the rest of the market was tranquil," said a trader at San Paolo bank. The MIB Index ended
        132 words
      • Article
        Amsterdam
        234 9 -0.35 Dutch stocks closed lower yesterday with Elsevier NV leading the decline as investors lost faith in the stock, traders said. The EOE Index of 24 leading Dutch stocks closed down 0.35 point at 340.80 points. There were 10 decliners, 11 advancers and three stocks closed unchanged. Amsterdam \«t
        234 words
      • Article
        Zurich
        214 9 -0.54 Swiss shares ended a quiet day mixed with a weaker bias. Dealers said trading lacked direction and there was light profit-taking ahead of the weekend. The broad SPI Index ended down 0.54 point at 1,541.33. Zurich \ur 6 trnncs «f Musursw Bf 2 Biown Bo* en Bi t
        214 words
      • Article
        Johannesburg
        317 9 -15 South African gold shares went into an early free-fall on the weaker gold price but the drop was not as sharp as expected and shares ended ofT the day's lows in quiet but nervous trade. The gold index ended 61 points lower or 3.3 per cent at 1,814
        317 words
      • Article
        Toronto
        283 9 -41 Stocks were up slightly at midday yesterday as the transportation and merchandising sectors offset a continuing decline in gold stocks. The TSE 300 Composite Index rose 1.5 points to 3,949.1 on volume of 23.2 million shares traded for a value of C 5244 million. Advancing stocks led declines,
        283 words
      • Article
        New York
        846 9 •3.08 US blue-chip stocks rose slightly yesterday, supported by a sharp rise in Eastman Kodak shares, while most investors stayed on the sidelines ahead of the Senate's vote on President Clinton's budget-deficit plan. The Dow Jones Industrial Average was up a scant 2.24 points to 3,551.21 at 1
        846 words
      • Article
        Untitled
        762 9 Britannia Funds Merliag Cash Bid Offrr Mim t ap Deposit iSh4.m <8 6500 Mim Jersey (»ih 0 1893 0 IW Mim Mil I rKiwrv *1 0200 *1 0600 L S$ Cash Income Plus Fund *10 3500 *10 9000 PS Rfltnc Fund 5 2100 5 2200 Sterling Lquits Euro Performance 0-4*92
        762 words
    • Article, Illustration
      Lock icon HONGKONG
      2913 10 Reuter HONGKONG Stocks closed sharply higher yesterday as overseas fund managers and local investors moved into the market in the afternoon, snapping up selected blue chips, brokers said. The blue chip Hang Seng Index ended the day 89.23 points, or 1.22 per cent, higher at 7,396.77, after posting a
      Reuter; Source: Bridge Info  -  2,913 words
    • Article, Illustration
      CHINA
      489 10 THE Shanghai B market rebounded strongly yesterday with the index closing 17.9 points higher at 655.2 on active trading as investors rushed in to take advantage of some good bargains. The A market market however was quiet with the index ending 30.5 points up to 5,280.5. In Shenzhen, the
      489 words
    • Article, Illustration
      Lock icon TOKYO
      2541 10 Reuter TOKYO Stocks closed a little weaker on profit-taking yesterday because of doubts about the new government's ability to launch policies to stimulate the sluggish economy, brokers said. Trading was quiet as many investors kept their wait-and-see positions. "The political flux affected the market a little but it is
      Reuter; Source: Bridge Info  -  2,541 words
    • Article, Illustration
      Lock icon BANGKOK
      1663 10 Reuter BANGKOK Stocks closed broadly higher in an extended bull run that surprised most market analysts yesterday. The SET Index advanced 10.58 points to a five-month high of 958.84 on heavy turnover of 8.93 billion baht. Gainers led losers by 182 to 77. Property, media and electrical issues led
      Reuter; Source: Bridge Info  -  1,663 words
    • Article, Illustration
      Lock icon JAKARTA
      746 10 Reuter JAKARTA Share prices ended the week generally higher yesterday with the market in an upbeat mood, brokers said. The official index climbed 2.61 points to 362.61. "Positive sentiment continued to push share prices higher. Continuing first half results will confirm whether the present small rally is justified." a
      Reuter; Source: Bridge Info  -  746 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2601 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume MBt Capital 2.227.000 Innovest Bhd 2.184.000 FACB 50c 2.137 000 kamunting MX' 1.767.000 Muld-Kurposc 1.703.000 Promcl 1.348.000 Idns H>d 50c 1.305.000 Rcnonc Bhd 50c 915.000 Pcgi Msia >74.000 Bcnaya Group >63.000 Simc Dart» 50c 778.000 Johan Hides 50c 745.000
      Source: Bridge Info  -  2,601 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares end mixed as investors take profits
        5613 11 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange closed mixed following prof-it-taking activity in the afternoon yesterday. The KLSE Composite Index closed away from its lows and dipped 6.83 points to 778.66. The all-share Emas Index eased 1.06 points to 214.19 while the
        Bernama; Source: Bridge Info  -  5,613 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon US funds flow in to buy index-linked stocks
        7100 12  -  By Joseph Rajendran SINGAPORE The market was dull in the morning session yesterdav but it perked up in the afternoon as US funds were back in action. The funds were going for indexlinked stocks, believing the rally still has some way to
        Source: Bridge Info  -  7,100 words
      • Article, Illustration
        Lock icon Focal Finance
        82 12  -  ft i n n <>■ m m i NOT 1TOCK Quak Hiang Whai UNLIKE many finance stocks. Focal Finance did not participate in the April-May rally. But it has caught up, its price having surged more than $1 in a week. That has sent its daily and weekly
        SOURCE: BRIDGE INFO  -  82 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      6 5 Sembawang Engineering in tie-up, Pg 6
      6 words
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      Page 5 Advertisements Column 2
      35 5 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY.~ To advwtin your Appointments II a; i, or novices, cai tot-free 1-800 737 0043 Th« SiraiU Time* 1
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      Page 5 Advertisements Column 3
      187 5 GOLDEN PLUS HOLDINGS BERHAD (Incorporated In M>lqr«a) CHANGE OF SHARE REGISTRARS NOTICE IS HEREBY GIVEN that the following have been appointed the NEW SHARE REGISTRARS of the Company with effect from Ist September 1993:Dinasti Korporat (M) Sdn Bhd 149-A Jalan Aminuddin Baki Taman Tun Dr. Ismail ***** Kuala Lumpur Tel:
      187 words
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      Page 5 Advertisements Column 4
      120 5 NOTICE NOTICE IS HEREBY GIVEN that, I AW GUAN HONG of ANG MO KIO AVE 4 BLK 105 #09-194 Singapore (2056), have applied for a wholesale liquor shop Licence in respect of premises at M/s GONG GONG TRADING at 16 MAYFLOWER RISE Singapore (2056), and that this application will be
      120 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      873 6 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in tho Republic of Singapore) The Directors are pleased to announce the following:1993 1992 Increase The Group The Bank The Group The Bank The Group The Bank Ss'ooo SS'OOO Ss'ooo Ss'ooo 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1993 Net profH for
      873 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      251 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Hiroshi Sakuragi of 118 A Telok Kurau Lorong K, Singapore 1542, have applied for a Ist Class Public House Licence in respect of premises at M/s Garaku Music Pub at 345 Orchard
      251 words
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      Page 8 Advertisements Column 2
      15 8 Make new business contacts through classification 203 in The JuVjSL Straits Times Classified, cata 731-1166
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      Page 8 Advertisements Column 3
      39 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead fl 737-1166 i Business ZsN. heats up when you w&\ make the call and place an CXW. ad. 737-1166
      39 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      150 10 Carrier's Visionary Opticals With an optical history dating back to 1887, Carrier's first was a hand-made lorgnette for the Princess of Essling. The result was a precision-perfect work of art in tortoiseshell and diamonds, and one that more than met the aristocratic eye. No less splendid are Carrier's modem opticals.
      150 words
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      Page 12 Advertisements Column 1
      153 12 Carrier's Visionary Opticals With an optical history dating back to 1887, Carrier's first was a hand-made lorgnette for the Princess of Essling. The result was a precision-perfect work of art in tortoiseshell and diamonds, and one that more than met the aristocratic eye. No less splendid are Cartier's modern opticals.
      153 words
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  • SPORTS
    • Article, Illustration
      Ho's 64 puts Taiwan in third place
      669 13  -  16th Asia-Pacific Golf Championship Golf From Shahiron Sahari in KUALA LUMPUR TAIWAN'S Ho Chung-yuan scored a remarkable eightunder 64 yesterday to lead his country to third place behind Australia and Japan on the second day of the tournament at the Royal Selangor Golf
      669 words
    • Article, Illustration
      Lock icon Van Almsick sixth fastest in 100 m fly final
      668 13 AP SHEFFIELD, England Franziska van Almsick, already winner of four gold medals from four events at the European swimming championships, qualified only sixth fastest yesterday for the women's 100 m butterfly final. The 15-year-old German won her heat easily in 1:01.66.
      AP  -  668 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Baseball
        77 13 AFP WASHINGTON Major Leagac resalts, Thursday. American League: New York 5 Toronto 4; Boston 2 Minnesota 1; Cleveland 8 Detroit 4; Seattle 3 Oakland 2; California 5 Kansas City 4; Baltimore 3 Milwaukee 1; Texas 7 Chicago 1. National League: Cincinnati 11 Colorado 4; Los Angeles S Houston 2;
        AFP  -  77 words
      • Article, Illustration
        Lock icon Golf
        303 13 Reuter AP AP KUALA LUMPUR Leading individual scores of the 16th AsaiPacific Championship yesterday: 115 Ho Chung Yuan (Tai), KazuSihi Yonekura (Jpn); 137 Jason wes (Aust); 140 Stephen Collins (Aust); 142 Mohd Said Abdul Latif (Sink 143 Joo Hyung Kim (Kor), Aijun Singh (India); 144 Sanusi (Indo), Shingo Katayama
        Reuter; AP  -  303 words
      • Article, Illustration
        Lock icon Motor-racing
        58 13 Reuter ROTORUA, New Zealand Standings at the end of day two yesterday of the Rally of New Zealand: 1 Didier Auriol (Fra) Toyota Shr 23min OOsec 2 Colin Mcßae (Brit) Subaru 4.23:02 3 Francois Delecour (Fra) Ford 4.23:05 4 Carlos Sainz (Spn) Lancia 4.25:01 5 Juha Kankkunen (Fin) Toyota
        Reuter  -  58 words
      • Article, Illustration
        Lock icon Tennis
        143 13 Reuter Reuter LOS ANGELES 2nd rd results of the US$3OO,OOO Volvo Tennis Clnsak, Thursday: Pete Sampras (US) b Mauricio Hadad (Col) 6-4 6-0 Alexander Volkov (Rus) b Michael Joyce (US) 6-1 6-3; Patrick McEnroe (US) beat Brad Gilbert (US) 6-7 (8-10) 6-3 6-0; Richard Krajicek (Neth) b Jason Stoltenberg
        Reuter  -  143 words
    • Article
      Lock icon Mark James and David Ray set the pace in the storm
      578 13 AFP MUNICH Mark James returned from a week's holiday in Portugal and rival Englishman David Ray got up from his sickbed to share the firstround lead in the storm-hit U*****,000 (551.27 million) BMW International here on Thursday. Both came
      AFP  -  578 words
    • Article
      Lock icon Lofland-Dormann matches season's best
      160 13 AFP STRATTON MOUNTAIN, Vermont Dana LoflandDormann matched this season's best LPGA round here on Thursday by Tiring a sizzling nine-under par 63 in the first-round of the USJSOO.OOO (S$810,000) McCalTs Classic. The American golfer's round tied the score set seven weeks ago by Tammie Green and
      AFP  -  160 words
    • Article, Illustration
      Lock icon Zambian soccer team rises from ashes
      355 14 AFP LUSAKA It has to be one of soccer's most amazing comebacks. Since Zambia lost almost the entire national team in a plane crash off the coast of Gabon on April 28, the new side is poised to take Zambia to the World Cup
      AFP  -  355 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1407 13 NtaMnM GA929 1120 MM SO228 2120 T IMagM* CX717 1235 UA808 0736 SHI? CJ665 1420 CX7I0 0840 5555 kji87 0135 soees 1425 1 soeeo 0915 toilrtw GA89I 1335 GA890 0001 CX713 1500 CX714 1136 KL837 1445 KL838 2310 SQ869 1725 SQ862 1330 SQ323 1555 SQ324 0105
    1,407 words
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      137 13 ft remesflhnps/KENWOOD GOLFING TIPS t By BRETT BRABIER PROFESSIONAL GOLFER FuHy Qualified Member Of 5.P.G.A.S Dip in Golf Management Once aligned correctly, I stroke the putt and only allow myself to look up when Short putts are probably J lvji p fin A M O the most stressful shots r
      137 words
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      421 14 itad ¥ty H> Bwtii Kninl [frpartwrt ituel Vty N» Bfth frrtnl PqwWt JurORg Port Miw 112/53 P03 aox»k 06 08,1500 Botan IS 17/1 Anpde 07 08/1500 Hota Rita RTU07W TO Mp* 06 08 1600 Karma laya 06/01/93 J1 rfonpdt 07.08/2300 Mrtkutai 06/93 P04 Mpk 06 08/1400 Marco
      421 words
    • Article
      CONTAINER SCHEDULES
      1609 14 DELIVERY OF FCl IMPORT CONTAINERS IN PROGRESS Mp Yoy No Containers infabk Strip Voy No Cantatas i«4aUt Art to Grace 334S8 05 08 93 1715 B Metoti 322 CCD(EST) 06 08 93 2300 Toman 110/93 0508.93 1725 Vfo«f Sport 59NB COO(EST) 06.08.93 1500 Equator Ruby 04N 05.0893 1910
      1,609 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      430 14 CRYPTIC CROSSWORD I 6 Part of speech in Iver, Bucks 9 Crazy story taken back to vehicle on the island (10) 12 Group let out in town (6) 15 Venomous plant? (6,6) I 18 Expressively having the inbefore the end of the day 21 Attempt to include an under- ~~~lHf
      430 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon Rising yen won't help stimulate Japan's economy
      1115 15 NYT TOKYO The sharp swings in European currency markets may ultimately encourage a recovery in some of Europe's depressed economies by bringing down interest rates and making foreign products cheaper. But in Japan, the crisis may well have the opposite effect and could
      NYT  -  1,115 words
    • Article, Illustration
      Lock icon Ozawa likely to emerge as key policy maker
      787 15 Knight-Ridder TOKYO The coalition that is poised to govern Japan now seems unlikely to implement an income-tax cut at least as an economic stimulus measure —despite promises made during the election campaign last month. The shift in policy is seen as more
      Knight-Ridder  -  787 words
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      251 15 EVERYBODY KNOWS HOW FAR NEWSPAPERS GO TO INCREASE SALES. -star .s■. mL. RUMOUR HAS IT ONE'S EVEN OFFERING A FREE COUNTRY CLUB LIFE MEMBERSHIP FOR THE RIGHT PERSON. Er, we arc actually. One free lifetime Membership of All you have to do is sign up for a year's issues by
      251 words
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  • Article
    Lock icon US House approves Budget compromise by narrow margin
    602 16 NYT, Bloomberg Business News WASHINGTON After a day of frantic manoeuvring to lock up the final votes, the House of Representatives narrowly approved President Bill Clinton's five-year economic plan on Thursday night, putting him on the verge of the most important victory
    NYT,; Bloomberg Business News  -  602 words
  • Article
    Lock icon W German jobless figure at highest July level in recorded history
    422 16 Reuter BONN Unemployment in western Germany rose to its highest July level since records began, the Federal Labour Office said yesterday. The total number out of work was 2.3 million, a jump of 27 per cent compared with July
    Reuter  -  422 words
  • Article, Illustration
    Lock icon Hiroshima die-in
    45 16 Reuter HIROSHIMA, Japan Hundreds of young pacifists staging a 'die-in' in front of the Genbaku (A-bomb) Dome, formerly the Industrial Promotion Centre, during a minute of silence for the victims of the nuclear blast on the 48 anniversary of the bombing yesterday. Reuter
    Reuter  -  45 words
  • Article
    Lock icon US to attend UN meeting on nuclear test ban
    317 16 AP WASHINGTON President Bill Clinton's administration has decided that the US will attend a UN conference on nuclear testing despite the risk of offending long-time nuclear arms powers France and China, officials said yesterday. The decision was based on concern that
    AP  -  317 words
  • Article
    Lock icon US jobless rate in July down to two-year low
    380 16 Reuter WASHINGTON The US unemployment rate slipped to 6.8 per cent in July the lowest rate in nearly tyo years from 7 per cent in June, as most major industries added jobs, the Labour Department said yesterday. The number of non-farm
    Reuter  -  380 words
  • Article
    Lock icon French in token gesture to cut cost of short-term money
    519 16 Reuter PARIS The Bank of France made a gesture to ease high money market rates yesterday, but its tentativeness drove home the government's message that there will be no dash to cut interest rates after the virtual float of the
    Reuter  -  519 words
  • Article
    Lock icon EC Commission holds inquest on currency grid's demise
    465 16 Reuter BRUSSELS The European Commission was scheduled to meet in special session yesterday for a first full damage assessment of the effective collapse of the European Community's currency grid last weekend. "It is a first exchange of views. They will look at
    Reuter  -  465 words
  • Article
    Lock icon China tightens control on tax breaks
    422 16 Move aims to stem US$ 17b losses from evasion Reuter BEIJING China has banned widespread unauthorised tax breaks and even temporary exemptions for financial hardship cases, seeking to curb tax evasion losses that top US$l7 billion (SS2B billion) a year. "The state will not
    Reuter  -  422 words
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  • Executive Lifestyle
    • Article, Illustration
      Richard Li reassessed
      1583 17  -  The young tycoon's Star TV deal has won him the grudging respect of his Hongkong critics, reports Fionnuala Halligan Fionnuala Halligan The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle LAST WEEK in Hongkong, the youngest son of Li Ka-shing won his business
      1,583 words
    • STRAWS IN THE WIND
      • Article
        Survival plan
        85 17 HERE'S a true story told by someone working in a sperm bank: A man loses the special bottle he is given to take home to store his donation. He replaces it with an empty chicken essence bottle, poking holes in the bottle cover in the process. When the
        85 words
      • Article
        Hot property
        66 17 HERE'S another true story from the same source: Another donor is asked to fill up the bottle only in the morning. But he says he can only do it at night and suggests filling the bottle the night before and boiling it to keep it warm for the
        66 words
      • Article
        No kidding
        67 17 WHATs a song you should never sing in the presence of women? The answer is: Choli Ke Neeche Kya Hai?, a Hindi song with lyrics that ask "What's beneath the blouse?" According to a news report, an Indian lawyer sought to have the hit song banned because his
        67 words
    • OPINIONS
      • Article, Illustration
        Australia should benefit by becoming a republic
        911 18  -  Maggie Ford thinks a new constitution can find Australia, the isolated giant, in full engagement with the region and the world as a whole Maggie Ford The writer. BT's Jakarta Correspondent, has in Australia recently THE Union Jack in the comer of the
        911 words
      • Article, Illustration
        Big Mother is watching you
        886 18  -  Neville Stack takes a look at the new female side of MI 5 Neville Stack The writer is a UK-based journalist who contributed this commentary to BT THE British Security Service has just posed an intriguing question: "Do counter-spies make good mothers?" The proposition is,
        886 words
      • Article
        Give Beijing a fair Olympics chance
        587 18  -  LETTERS TO THE EDITOR B J Fernandes TFIERE appears to be a concerted effort in some quarters to scuttle Beijing's bid to host the Olympic Games in the year 2000. A report in The New York Times, reproduced in Business Times on Aug 2,
        587 words
      • Article
        Revise the pledge form for options
        269 18  -  Denis Distant THE suggestion by the public affairs manager of the Stock Exchange of Singapore that form-filling required for option trading can be reduced by mortgaging an excess amount of margin ("Number of forms for option trading", BT. July 31 /Aug 1) does not
        269 words
      • Article
        Getting hot over a spicy bowl of laksa
        285 18  -  William AT Chia I HAVE to confess to being rather perplexed by David Brazil's outburst ("Laksa lament", BT. July 24-25). Okay. Mr Brazil claims to be an ex-London-er. so he is perhaps entitled to live up to the stereotype of an eccentric
        285 words
    • PROFILE
      • Article, Illustration
        Hit man of West End
        1588 19  -  Jaime Ee meets Cameron Mackintosh, the theatre producer behind many of London's musical blockbusters Jaime Ee THEATRE producer Cameron Mackintosh picks hit shows with greater accuracy than a punter picks a winning horse. It's a rare gift that has made him the dominant force in
        1,588 words
      • Article
        Testing new waters
        708 19 SUGGEST to Cameron Mackintosh that he is leading a theatrical invasion of Asia with Les Miserables, and he is quick to put things in perspective. "This isn't really an invasion. It's more like setting one's toe in the water." Cameron Mackintosh and Andrew Lloyd Webber together dominate
        708 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (AUG 10-13)
          49 20 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities, Crosby Securities. DBS Asset Management, Kim Eng Securities. Morgan Grenfell Asia Securities, OCBC Securities. Ong Co, Phillip Securities, Peregrine, Tat Lee Securities and WI Carr. No. of respondents
          49 words
        • Article
          Buy!
          185 20 Ong Research Resources Development Corp. (Aug 3: price $4.08) Property activities will contribute $30.6 million in net earnings over four years including 1993. Diversification strategy will keep the group in a cashflow business that provides synergy with existing activities. Traditionally trading between 5x to 8x earnings, the PER band
          185 words
        • Article, Illustration
          Eye on the region: Thailand
          316 20 Peregrine Asia Pacific Research Last week, the Bank of Thailand clipped its real GDP forecast to 7.5 per cent from 7.8 per cent, citing weaker export prospects. On the same day, the Thai planning agency, the NESDB, revised its real GDP forecast up to 7.9
          316 words
        • Article, Illustration
          In my opinion...
          380 20  -  Thomas Koh Senior investment manager Prudential Singapore espite contrastI ing economic outlooks in the global and Singapore economies, equities look set to be the star performers in both markets in the current year. On the global scene, markets in most countries are still weathering the impact of
          380 words
      • Article, Illustration
        A chance to build a bigger nest egg
        1638 20  -  Let Magdalene Ng convince you why you ought to let your CPF money work for you Magdalene Ng IT WILL be worth your while spending some time studying the new Central Provident Fund investment schemes. If you don't, not only will you
        1,638 words
      • Article, Illustration
        S'pore market on way to testing all-time high of 1,911 soon
        508 20  -  CHART Jy Narjeeb Jarhom The writer is research manager of Fraser Securities Although the past history of the Straits Times Industrials Index suggests that new peaks tended to be spaced out in years rather than months, a new record
        508 words
      • Article
        Status of investment account at age 55
        364 20 "ilfSft S I'NG YOUR" Q I opened a CPF investment account in January 1993 and currently own 55,000 trustee shares worth circa $85,000 plus gold certificates of $55,000. I will be 55 in October 1993 when I will be entitled to withdraw my
        364 words
      • Article, Illustration
        Astrology and the stock market
        2019 21  -  Patrick Choo believes that investors can actually rely on the zodiac to tell when the stock market is going up and when it is going down Patrick Choo The writer is the senior investment officer of DBS Asset Management THERE was a time before newspapers
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        Minimising the risks in commodity trading
        891 21  -  While some have seen their money multiplied many times over, the majority who dabble in commodity trading lose money, reports Ang Wan May Ang Wan May LAST week, in these pages, investment expert David Fuller confidently directed people towards investment in precious metals and
        891 words
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        Lock icon Sterling set to gain from European Rate Mechanism crisis
        393 21  -  Spotlight currency By Paul Leo THE British pound could be a major beneficiary of the European Rate Mechanism collapse, said ÜBS Limited in its recent Global Research publication (Julv 26 27). Compared with the depression and disarray in Europe, the recovering
        Source: TeleTrac  -  393 words
    • Article, Illustration
      Going bananas
      881 22  -  Cinema Review By JAIME EE jPHEN you've had a bad day, the boss passed you over for promotion and k the cashier at 7-Eleven doesn't give you Ir slurpee until he's finished talking on phone with his girlfriend, go see FallDown. t's a bizarre kind of get-even movie
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      Swinging through the Nazi years
      890 22  -  By SUSAN TSANG PETER MULLER and his friends live in Nazi Germany. But Hamburg in 1939 isn't as bleak a place as you might expect. Por, in the face of Nazi ideology, there is a cult that challenges all that goose-stepping conformity. Peter and company
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    • Article, Illustration
      Lock icon Back in home pastures
      1146 22  -  Mark Graham meets the Czech-born zoologist who helped the near-extinct Pere David deer to thrive once more in their native China Mark Graham The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle THEY MAKE unlikely conservation bedfellows an endangered deer, a Marxist
      Photo by Mark Graham  -  1,146 words
    • Article, Illustration
      A century of Dunhill
      662 23  -  By SUSAN TSANG MENTION Dunhill, and most people think of cigarettes. That might upset the Dunhill people a little, proud as they are of their heritage. In a hundred years, they have made pipes with the distinctive white spot, and blended their own tobacco, but they
      662 words
    • Article, Illustration
      High-definition shopping
      639 23  -  Jaime Ee checks out the Takashimaya concept Jaime Ee IF YOU HAD $100 left to spend in all the world, what would you do with it? Assuming you are not bound by the kind of morals that dictate you should give the money to church, your mother or
      639 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • Article
          Lock icon Ice cream headaches easy to treat
          60 24 NYT THE SHARP painful headache that can dull the pleasure of eating ice cream is easy to stop, doctors at the Medical College of Wisconsin say. To get rid of an "ice cream headache," simply .Qfess your tongue against the roof of your mouth
          NYT  -  60 words
        • Article
          Lock icon Fragrance: the new muzak
          137 24 Working Woman THOSE of us who sniff at the idea of using smells to create mood should consider the findings of Alan Hirsch, a Chicago psychologist who advises companies on the uses of scent. In a 1990 study, he found that shoppers were more likely to
          Working Woman  -  137 words
        • Article
          Lock icon Keep track of your health on computer
          139 24 NYT NOW YOU can use a computer to manage your medical records and track your progress as you try to lose weight or get in shape, with a program called Health Desk for Windows. The program allows you to enter informatign about your
          NYT  -  139 words
        • Article
          Lock icon Play a tune to improve your maths
          191 24 Psychology Today PIAY some toe-tapping tunes to toddlers and it may go straight to their brains. If University of California researchers are right, teaching music basics to babes opens their minds to science and maths. When neurologist Frances Rauscher. MD, tested the reasoning
          Psychology Today  -  191 words
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        Lock icon Tricks to enhance sexual desire
        1061 24  -  Jane Brody takes a new look at an old quest for sexual stimulants Jane Brody NYT JUST as we fertilise gardens to give nature a boost, throughout human history people have used a host of tricks to enhance sexual desire. Be they tantalising scents, soothing
        NYT  -  1,061 words
    • PEOPLE
      • Article, Illustration
        Lock icon Turning the spotlight on Singapore's women
        364 24 IT WAS an event of women, by women, and for women, but men were warmly welcomed as well. In fact, the Very Important Man that night was no less than President Wee Kim Wee himself. Mr Wee, who had just retired as the head
        Photos by Chris Loh  -  364 words
    • TIME OFF
      • Article, Illustration
        An evening of Nashville to remember
        614 25 A country pub and wine bar recently opened in Chinatown is all set to change the tastes of country and western music lovers JUST off South Bridge Road in Erskine Road in Chinatown is something new to Singapore. Not that country and western music
        614 words
      • Article
        PERFORMANCES
        176 25 Ramayana in the Park The adventures of Hanuman. Sri Rama and Laksamana are recreated in this refreshing wayang kulit version. Till tomorrow. 8pm at the Fort Canning Park Tickets at $10. $5 for students. The Robber* from Nutmeg Teem A musical comedy in Mandarin by China's Children's Art Theatre
        176 words
      • Article
        CONCERTS
        86 25 Pony Express National Day Special A concert featuring Pony Canyon recording artistes like Art Fazil, DNA, Kick!, Nuradee and Mel Ferdinand. Tomorrow. 4pm at Isetan-Scotts Amphitheatre. Free. Classical Moments A concert featuring piano duo by Sirene Lim and Chua Siew Ling performing pieces from Gershwin to Chopin. Aug 13.
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      • Article
        FILMS
        110 25 Tka Blue Planet Produced with help from Nasa. this film takes you on a trip to space where the Earth seems suspended in a limitless void. Too bad Man is destroying his planet. 11am. 12pm. 2pm. 4pm. spm and 6pm at the Singapore Science Centre's Omni Theatre. Chinese shows:
        110 words
      • Article
        EXHIBITIONS AND TALKS
        374 25 Qft |lA J UJLU. ■> owe ana vrnrie rurcnini riMlMov CdtoctiOK The world's most comprehensive collection of Chinese blue and white porcelain art from the Tianminlou Foundation. On at the Empress Place Museum Hall 6. 9am to 6.30pm daily. In Ink and Brush Hailed as a leading
        374 words
      • Article
        AT THE SUBSTATION
        185 25  -  Compiled by Christopher Toh Day I Mot the Prince As part of the Student Theatre Exposure Programme, the Practice Theatre Ensemble will perform a Mandarin adaptation of "The Little Prince".Today, 9.30 am and 2.30pm at the Guinness Theatre. Tickets are at $4.5.0 for school bookings only. Hotline
        185 words
    • EPICURE
      • Article, Illustration
        Lock icon Curries for the CBD crowd
        601 26  -  Bon Appetit By SHAHIRON SAHARI IT'S HARD to associate fish head curry with posh and fancy surroundings. After all, you don't normally go slurping on fish cheeks, eyeballs and cartilage in a classy joint; that kind of robust eating usually takes place in slightly messy
        Photo by Arthur Lee  -  601 words
      • Article, Illustration
        Lock icon Super porridge
        538 26  -  By JAIME EE LEARN the art of eating congee, say the sages at the new Superbowl restaurant in Boat Quay. And being the obedient century egg porridge lovers that we were, we did their bidding. While the name conjures up images of bowling alleys or quarterbacks on a
        Photo by Chris Loh  -  538 words
      • Article, Illustration
        Magical Mouton-Rothschild
        811 26  -  Wine By N K YONG THERE is no other Chateau in all Bordeaux with as romantic a modern history as Mouton-Rothschild, the principal reason being that no other Chateau has had an owner as colourful as the late Baron Philippe Rothschild. Neither has any other Chateau been able
        811 words
    • Article, Illustration
      CINEMA
      1069 28 Aladdin. Typical Disney fairy tale, complete with pop tunes. A street teen becomes a prince, thanks to a genie with the wit of Robin Williams. Yishun 10: 1; 2.55. American Samurai. An orphaned American boy is brought up by a wise and honorable Samurai master. When the master gives
      1,069 words
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      114 17 a I I 1 nrS^mH I The r*u**<U way of turning shares into fl CM iAe iyt</. l MONO LKMQ PMAMCK UMTTED tMOAMMi HNMCt LMTTW) I .*****33 *****33 H C I PHf> 111 llgli^^^M^M v mrr Self-winding 'MARINE* w a tell, wtlrr-rciiiUnt, individually numbered In tribute to A.-L. Breguet'i appointment
      114 words
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      256 18 BUSINESS TIMES ALFRED DUNHILL PROMOTION 1 yyj> M/Bm v ALFRED DUNHILL ONE HUNDRED YEARS MORE A timely reward from the depths of our history It's a double celebration —Alfred Dunhill's centenary year and the opening of its boutique at Ngee Ann City. To mark these occasions, we're inviting readers to
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      Page 18 Advertisements Column 2
      62 18 L |j| BT welcomes letters s J J from you. Plwt C L address them to: J J The Editor. V. k Business limes, pr f If 390 Kim Seng R<L S S S'por*o92.V r r :i| Letters should include pi S j 1 your contact numbers. r Doonesbury and
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      36 19 ALFRED DUNHILL Just Arrived. c7he neto tyred A/ore i* noto often at #0/-0& tjyee {/ui 6«y. ffiurfu'oft an</ men. mi Orchard Road. #oi 08 Takashimaya S.C., Ngee Ann City, Singapore Yfr&s/cs to treasure si/tce AO 23/93
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      43 21 Turn your computer Into a real-time data terminal L. Forex-Stocks-Futures-Options Also news fr graphs and charts from $350/- per month a Call ALL QUOTES DATA PTE LTD I 321 Orchard Road #09 01 I Singapore 0923 «i Td: 735 9800 Fax: 735 5800
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      102 24 |A j >MADEUS 200 1 [amadeus 20 0 [A/y J \-7 WIT 'zW Quart/ C hronograph with automatic movement. 11#li/Mir>*llir"ll Steel and gold-plated case and bracelet, Steel and gold-plated case and bracelet, RAYMOND WEIL with shielded crown. X with shielded crown. rrurur Scratch-resistant sapphire crystal. V s Scratch-resistant sapphire crystal.
      102 words
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      64 25 COME IN FOR A FULL BREAKFAST S.GETA COPY Of g I THE BUSINESS TIMES FREE AT THE FOLLOWING OUTLETS W OKCHAID TOMKS OKCHAKD POIKr HOLLAND WIACE SHAW CENTRE Candid views from people in the news. J (*Nk Conversations At Raffles. f l/Jt J"S \-hL^\ Every Other Saturday. J I SINGAPORE
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      311 26 :-.r The lowdown on sky-high prices Prices of private property have been climbing relentlessly i since 1986, with barely a pause for the Gulf war. How long I J-|4| f\f\ /"i can Singaporeans afford to chase prices higher? Are there T* Vll 1 signs that many are being priced out
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      863 27 Nothing Beats A Blld- H'fcffilfl WHERE TO WINE, DINE AND ENTERTAIN OK GENUINE PENANG FARE Let our Penang chefs introduce you to an authentic Penang buffet spread for lunch and dinner. At Princess Terrace-a round the clock rendezvous for fine meals and light snacks at cafe prices! PRIM WW qi«R\l
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      Page 27 Advertisements Column 2
      361 27 lighted to feature palatable dishes from Bretagne and <y I Paramount Hotels f lOth Annivei^^y st August to 30lfi September '93 Enjoy our grand celebrations and win BIG! Celebrate our 10th Anniversary with us and win yourself a free trip to Tokyo, Taipei or Phuket. Plus Dine and Win Weekend
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  • Page 28 Miscellaneous
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      Page 28 Miscellaneous Column 1
      2195 28 TODAY'S TV TeranjbuUn Ditengah Hari, China's Most*, 9am, SBC 8 SBCS 4 Gem^a^w7vi) (M) Sora becomes a model to sup- Yunnan to see copper handi- 8.00 5.30 Around SnNM in 80 and son. Hubby finds a job, musical kites and try the apple |-®J 6.00 Ne!nT(M). but the marriage falls
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