The Business Times, 4 September 1993
1993-09-04
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The Business Times
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Title Section14 1993-09-04 1 BUSINESS TIMES WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, September 4-5 1993 75*14 words
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714 1993-09-04 1 Catherine Ong Brian Gomez - Buyer said to be Robert Kuok's Kerry group By Catherine Ong Brian Gomez MEDIA TYCOON Rupert Murdoch is selling his 51 per cent stake in the South China Morning Post, directors of the Hongkong-listed company announced in a statement yesterday. The statement did not714 words
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480 1993-09-04 1 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR MALAYSIAN Finance Minister Anwar Ibrahim announced yesterday that the country's gross domestic product (GDP) grew 10.4 per cent in the second quarter of this year. The announcement surprised economists, who had not expected double-digit growth.480 words
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406 1993-09-04 1 Schutz Lee - By Schutz Lee SINGAPORE Prospects for Singapore's manufacturing sector in the third quarter look promising, if the July trade figures are anything to go by. The volume of Singapore's non-oil domestic exports grew 25.3 per cent in July, boosted by shipments of some406 words
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192 1993-09-04 1 AFP TOKYO Two Japanese securities companies were fined for dubious brokerage deals yesterday while another firm vowed to compensate investors for their losses due to its insufficient services. Meanwhile, a watchdog on Japan's securities industry urged the government to take action against 14AFP - 192 words
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239 1993-09-04 1 SINGAPORE The Singapore, Malaysian and Philippine stock markets hit new highs yesterday for a third successive day. Strong trade figures released by the government here helped boost the Straits Times Industrials Index 19.8 points to a record close of 2,041.67, while239 words
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324 1993-09-04 1 Reuter BEIJING US financial moguls controlling US$5OO billion (SsBoo billion) in pension funds about one-eighth of the US total will meet here next week to explore ways to invest more in China, organisers said yesterday. Philip Schaefer, president of Pensions 2000Reuter - 324 words
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2am LATEST
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66 1993-09-04 1 Reuter STOCKHOLM German Chancellor Helmut Kohl yesterday said he would press for Sweden to join the EC by the end of Bonn's EC presidency in the second half of 1994. Mr Kohl made the pledge at a news conference following talks withReuter - 66 words
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75 1993-09-04 1 AP ATLANTA The former manager of an Italian bank branch has pleaded guilty to making illegal loans to Iraq, short-circuiting a trial he had said would implicate US and Italian government officials in financing arms for Iraq during the 1980s. Christopher Drogoul, 44, wasAP - 75 words
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78 1993-09-04 1 AFP ABU DHABI The Gulf states are still providing aid to help needy Arab and Third World countries although their own economies are suffering from a drop in oil revenues, said a report released yesterday. Saudi Arabia and its partners in the six-nationAFP - 78 words
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Article, Illustration101 1993-09-04 1 Stock market indices Friday CkMgt STII 2.041.67 +19.80 KLSE Composite S31.43 +0.27 Nikkei .21.116.21 +133.01 Hang Seng 7,512.13 +18.68 SET Index 991.32 +4.21 Jakarta Composite ...417.16 -1.26 CLSA China B 1004 48 -0.36 Aust AH Ord 1.952.0 -16.4 FTSE 100 3.057.3 -15.3 FrWay PrtrioM ctae Dow Jooes 3.620.51101 words
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Page 1 Advertisements
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Advertisement26 1993-09-04 1 Lifestyle Cover Story: el i Scandal at Neverland Hock Lock Siem A China-inspired transaction? Pg 5 Will Kuok sell Singapore holdings to finance offer, Pg 526 words
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Advertisement334 1993-09-04 1 Nasdaq: el 4 Some attractive technology stocks -?4 Only when function and style combine perfectly DOES A GREAT CLASSIC EMERGE. > The Dual Time is equipped with an automatic movement indicating the date and the power reserve BA ***** 0.002. Also available in platinum. In 1875, the combined genius of334 words
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Advertisement11 1993-09-04 1 Chartpoint: el 4 J y^Q Bull run may continuß\for 2-5 mifis11 words
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Advertisement44 1993-09-04 1 Revived capitalism: el 6,7 Making money in Shanghai ftOK ssr r—Kid 7 mmmn flMkan'' HmMb O*MM» ttt Cwrcnoe 7 Uftm —aw fce/Comwite J TY/l**yte S Swt» tagMtf 9.10 K«aM fcs# iT -lb j. pkib/KISE. SES. 11.12 »BlHqrtgmM> U >» "TuTt" BTCJipirM W *****18 F* *****7144 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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Article48 1993-09-04 2 The Graduate Society THE National University of Singapore Society will have a new corporate logo. The logo, within a bright blue box, will have the University's crest with the letters NUSS to its right. Under these letters will be a tagline The Graduate Society.The Graduate Society - 48 words
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82 1993-09-04 2 THE STAFF of the School of Accountancy and Business, Nanyang Technological University, will write a series of up to 15 books on business practices in Singapore. Called "The Singapore Business Development Series", the books will be published by Addison-Wesley Publishing Company. The books, to82 words
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Article81 1993-09-04 2 yffiI.F.VISION viewers can expect more and better-quality proand longer transmission hours on SBC 5 and 12 next r. SBC 5 will become primarily an English language channel •ifole SBC 12 will become a public service broadcast channel :~secving Malay viewers and those interested in81 words
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411 1993-09-04 2 AMERICAN personal computI er giant Dell, plagued by problems back home, has shelved plans to turn its Singapore office into a regional mail order base. A major loss by the parent company, quality problems with its products for the Japanese market and411 words
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Article, Illustration600 1993-09-04 2 Jenny Lam - Reports by Jenny Lam DAY SURGERY, also known as ambulatory surgery, is growing rapidly in Singapore's matured hospital industry, say several leading hospital heads. Mount Elizabeth's chief executive officer, Robert Clapp. believes that day surgery in Singapore will grow at an annual600 words
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Article315 1993-09-04 2 RAFFLES SurgiCentre: Renovated at a cost of $10 million, this 4.647 sq m building will also have other facilities like a specialist centre and a 24-hour accident and emergency unit run by six resident doctors. Services include house calls, after-surgery home nursing care and315 words
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398 1993-09-04 2 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Telecom shares will be listed in the first half of next month. The Minister of State for Finance and Communications, Teo Chee Hcan, said yesterday a prospectus would be registered soon and the text published398 words
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347 1993-09-04 2 AT&T Microelectronics has made a $44 million move to a new leased factory at Kallang. doubling its floor space to 210.000 sq feet. And the 80,000 sq ft Toa Payoh plant it has owned since 1985 has been put up for sale. It has347 words
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Page 2 Advertisements
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Advertisement639 1993-09-04 2 PCI LIMITED ANNOUNCEMENT vi. t". i> ni' jk > The Board of Directors is pleased to announce the audited results of th* company and the group for the year ended 30 June 1993. THE GROUP THE COMPANY 1993 1992 1993 1992 > SS'OOO SS'OOO SS'OOO SS'OOO 1. (a) TURNOVER 145,979639 words
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Advertisement109 1993-09-04 2 Art'&lle#^! rt oftomf/ i f J p i y provide fresh works for art jk■ Jm lovers to appreciate, starting Ssj with the great masterpieces of Zhu Qizhan, winner of 5" "/SmW numerous art awards and known internationally for his beautiful works in |H landscapes and flowers. On displayjs a109 words
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THE REGION
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469 1993-09-04 3 Reuter HAKONE. Japan Members of Japanese Prime Minister Morihiro Hosokawa's party proposed yesterday to adopt stiff" anti-graft measures based on a 19th Century British law. Speaking at a joint seminar of the Japan New Party (JNP) and the Harbinger New PartyReuter - 469 words
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125 1993-09-04 3 AFP JAKARTA Indonesia plans to start construction next year of the country's largest deep sea port on the island of Batam, south of Singapore, the Suara Pembaruan daily said yesterday. The daily quoted Suntoro, director-general of maritime transport, as saying that theAFP - 125 words
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371 1993-09-04 3 Maggie Ford - From Maggie Ford in JAKARTA INDONESIA will not allow new trade unions to be formed but will not bar organisations formed to help workers. Minister of Manpower Abdul Latief has said. But he is also strongly eritical of companies371 words
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Article, Illustration43 1993-09-04 3 Reuter ATTOCK, Pakistan Former Pakistani prime minister Benazir Bhutto addressing a public rally in Attock in Punjab province on Thursday. She was on the road to launch her campaign to regain power in the Oct 6 elections. KeuterReuter - 43 words
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500 1993-09-04 3 AFP BANGKOK The Japanese managing director of a private company involved in a bitter dispute with the Thai government over the opening of a new Bangkok highway has been briefly hospitalised for stress, according to reports here yesterday. TakaoAFP - 500 words
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162 1993-09-04 3 AFP BOMBAY A powerful firecracker exploded yesterday inside a toilet in the Bombay Stock Exchange (BSE) building. causing no damage or injuries but triggering a panic, officials said. Scores of brokers and visitors fled from the 13-storey BSE tower after the cracker went offAFP - 162 words
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295 1993-09-04 3 AFP BANGKOK Hundreds of crack Thai rangers were poised yesterday to attack two Muslim separatist bases along the border with Malaysia, and the Thai regional commander said in a television report that Malaysian troops could be part of the assault.AFP - 295 words
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235 1993-09-04 3 Reuter TOKYO Japan's contentious balance of payments surplus widened to a record US$ll.B2 billion (SSI9 billion) in July from U559.46 billion a year earlier, the Finance Ministry said yesterday. Japan is under heavy pressure from the US and other trade partnersReuter - 235 words
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247 1993-09-04 3 AFP KUALA LUMPUR Malaysia's Finance Minister Anwar Ibrahim dismissed as baseless yesterday a report that central bank governor Jaffar Hussein would be replaced following the bank's recent huge foreignexchange losses. "No basis." Mr Anwar told reporters when asked toAFP - 247 words
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ASIA NOTES
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126 1993-09-04 3 AFP HONGKONG Chinese and British negotiators ended here yesterday two days of talks without reaching a general agreement over the future of Hongkong's defence estate. The meeting of experts from the Sino-British Joint Liaison Group (JLG) set up to oversee the smooth transition ofAFP - 126 words
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Article, Illustration54 1993-09-04 3 Reuter NEW DELHI Tibetan women on a New Delhi street during a silent march yesterday. More than 500 Tibetans took part in the march to draw the attention of Indian Prime Minister PV Narasimha Rao for a meaningful solution on the Tibet issue. Mr Rao is due toReuter - 54 words
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Article106 1993-09-04 3 Reuter CANBERRA Australian Democrats leader Cheryl Kernot said yesterday uncertainty surrounding the government's 1993/94 budget must end and has called for any loose ends to be tied up by next Tuesday. Australia's two Green Party senators are to meet Treasurer John Dawkins next week toReuter - 106 words
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Article87 1993-09-04 3 Reuter KUALA LUMPUR Malaysia plans to buy 27 naval patrol vessels, Malaysian Navy chief Mohamed Shariff Ishak said yesterday. "The proposal to acquire the offshore patrol vessels has already been approved." he was quoted as saying by the national Bernama news agency afterReuter - 87 words
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Page 3 Advertisements
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Advertisement381 1993-09-04 3 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 PARKWAY HOLDINGS LIMITED NOTICE TO: ALL WARRANTHOLDERS OF 6,000,000 WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF PARKWAY HOLDINGS LIMITED (THE "COMPANY") CONSTITUTED BY THE INSTRUMENT DATED 8 NOVEMBER 1991 ("WARRANTS 1996") ISSUED TOGETHER WITH U5550,000,000 FLOATING RATE NOTES DUE381 words
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THE WORLD
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424 1993-09-04 4 AFP BONN The German government on Thursday adopted an ambitious plan aimed at reviving a recession-bound economy seen as hobbled by high salaries and excessive rigidity. Main features of the programme entitled "Guaranteeing Germany's Future as an Economic Site"AFP - 424 words
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Article, Illustration59 1993-09-04 4 AFP PORT-AU-PRINCE Haitian Prime Minister Robert Malval (centre) shaking hands on Thursday with Haitians after swearing-in his Cabinet in the presence of Haitian General Raoui Cedras, international mediator Dante Caputo and special US envoy Lawrence Pezzullo. Mr Malval was sworn in as prime minister onAFP - 59 words
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301 1993-09-04 4 AP MOSCOW Russia's parliament backed away from a head-on clash with President Boris Yeltsin yesterday over his suspension of the vice-pres-ident, voting to let the Constitutional Court decide if the move was legal. The Supreme Soviet, Russia's smaller standing legislature, voted 144-10 toAP - 301 words
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247 1993-09-04 4 Reuter WASHINGTON Russia and the United States, abandoning the last vestiges of Cold War hostility, signed wideranging agreements on Thursday that included cooperation on an international space station. "It is time to leave behind the vestiges of the Cold War and reach for aReuter - 247 words
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480 1993-09-04 4 Reuter BELGRADE Rarely in history has a currency had to have as many zeros as the Yugoslav dinar, the omnipresent reminder of how international sanctions have flattened Yugoslavia's once-thriving economy. A one-million dinar note can lie on the ground untouchedReuter - 480 words
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WORLD WATCH
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89 1993-09-04 4 AFP MONTREAL Canada will invest CssB million (Ss7o million) in three European Space Agency programmes. Space Minister Robert Nicholson said on Thursday. Canada's involvement will open Csl3 million worth of markets to five Canadian businesses, including Spar Aerospatiale and CAE Electronique, Canada's space agencyAFP - 89 words
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114 1993-09-04 4 Reuter LONDON British house prices rose 0.8 per cent in August on a seasonally adjusted basis, the Halifax Building Society, Britain's largest mortgage lender, said yesterday. That follows a 0.9 per cent increase in July and is further evidence that prices have nowReuter - 114 words
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Article98 1993-09-04 4 Reuter DUBLIN The Irish economy is set to grow by around 4 per cent a year over the next four years, according to a survey of 13 leading economic forecasters by the magazine Finance. The economists forecast a gross national product (GNP) growth ofReuter - 98 words
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82 1993-09-04 4 Reuter WASHINGTON The country's biggest business group says the economy is not gaining momentum and companies are unsure what the Clinton administration plans to do about it. The US Chamber of Commerce surveyed 8,280 members in August and reported its Business Confidence Index fell forReuter - 82 words
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93 1993-09-04 4 Reuter BUENOS AIRES Argentina's year-on-year inflation was below 10 per cent in August, its lowest in decades. President Carlos Menem said. "For the first time in a quarter of a century, we've broken into single digits." Mr Menem told the Argentine Industrial Union, which groupsReuter - 93 words
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Page 4 Advertisements
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Advertisement1077 1993-09-04 4 S3 CHUAN HUP HOLDINGS LIMITED ANNOUNCEMENT The Directors are pleased to announce the audited consolidated results of the Company and the Group for the year ended 30 June 1993. Lataat Yiw To Previous Ywr To 30 June 1993 30 June 1992 Of Company Group Company Group Company Group ss'ooo ss'ooo1,077 words
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COMPANIES & MARKETS
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555 1993-09-04 5 Genevieve Cua - By Genevieve Cua SINGAPORE Inno-Pacific Holdings yesterday reported substantially lower interim losses and proposed a two-for-five rights issue to raise $38 million. The bulk of proceeds from the issue $34.3 million will be used to repay debts due to loan stockholders and555 words
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Article, Illustration279 1993-09-04 5 SINGAPORE Homegrown computer firm IPC told the Stock Exchange of Singapore yesterday that it did not know of any reason for the sharp rise in share price. On Thursday, IPC shares jumped 24 cents or 20 per cent toSource: Bridge Info - 279 words
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340 1993-09-04 5 SINGAPORE The UOB group yesterday officially awarded a $93.95 million retrofitting contract for its former headquarters building to a joint venture between local contractor Woh Hup and British engineering firm Wimpey. Wimpey-Woh Hup JV Environmental Engineering will add six storeys to the 32-storey340 words
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247 1993-09-04 5 Murdoch's sale of SCMP stake SINGAPORE Sugar king Robert Kuok is unlikely to sell any of his major holdings in Singapore to finance a general offer for Hongkong's leading English daily, The South China Morning Post. While his Natalon Company247 words
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772 1993-09-04 5 Catherine Ong - HOCK LOCK SIEW By Catherine Ong HONGKONG A well-known Asian tycoon once said this: "The average Chinese is publicity-shy for various reasons, is averse to indulging in washing linen in public and, consequently, also averse to dealing with the media." Yes, it's incredible772 words
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470 1993-09-04 5 Dexter Lee - By Dexter Lee SINGAPORE Chuan Hup Holdings yesterday reported an impressive set of full-year results despite a drop in turnover, with group net earnings rising 63.2 per cent to $19.32 million. This works out to earnings of 12.48 cents per share470 words
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237 1993-09-04 5 SINGAPORE Electronics contract manufacturer PCI yesterday reported a 27.3 per cent drop in turnover to $146 million for the year to June 1993. The group said consolidated operating profit fell 5.4 per cent to $11.11 million while earnings per237 words
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Article, Illustration306 1993-09-04 5 Source: Bridge Info Performance of STII's Index stocks Sep >: Last Seme lafex'Z Slock tak <S) factor i Avimo 1.990 -0.010 1.38 ■0.723* CAC 7.300 508 Ccrctm 5 900 -0.050 4.10 -3.58»* FAN 15.100 0.100 10.50 7.17*3 GF Asia 3.020 -0.040 2.10 -2.87*1 Gen Mag 1.320 -0.010 0.92 -0Source: Bridge Info - 306 words
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COMPANIES
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COMPANY BRIEFS
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79 1993-09-04 6 SINGAPORE Shipping group Neptune Orient Lines said yesterday it had inaugurated an aviation fuel transport joint venture. Sino Aviation Oil Transportation (S) Pte Ltd, formed with Chinese partners, buys, transports and distributes jet fuel to all airports in China. The Singapore-based company was formed79 words
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47 1993-09-04 6 Bernama KUALA LUMPUR Promet Bhd has appointed Brian Chang as executive chairman of the company effective on Thursday, following his resignation as managing director. Benety Chang, an executive director of Promet, has been appointed managing director in place of Brian Chang. BernamaBernama - 47 words
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74 1993-09-04 6 SINGAPORE Noel Gifts International will introduce more than 150 new gift ideas at a two-day fair at the Westin Hotel, starting today. The fair is Noel's new marketing strategy. Previously, it relied mainly on its sales team and direct mailing efforts, such as twice-a-year74 words
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50 1993-09-04 6 SINGAPORE Keppel Bank will open its first branch along Orchard Road today. The branch, Keppel's 14th, is located on the first floor of the Promenade. A Keppel spokesman said that Keppel Bank plans to open another six branches by the end of next year.50 words
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70 1993-09-04 6 Bernama KUALA LUMPUR Fima Metal Box Bhd's group pre-tax profit slipped 4.7 per cent to M$ 15.06 million (559.48 million) for the year ended March 31, 1993, from M$ 15.81 million previously. Group turnover edged 1.2 per cent to M 5226.56 million against MBernama - 70 words
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78 1993-09-04 6 Bernama KUALA LUMPUR CHG Industries Bhd yesterday announced a proposed issue of Msso million (Ss3l million) nominal amount of redeemable unsecured guaranteed bonds with 22.5 million detachable transferable subscription rights (TSR). The five-year 5 per cent bonds due 1999 carry the right to subscribe forBernama - 78 words
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85 1993-09-04 6 Bernama KUALA LUMPUR Grand Central Enterprises Bhd has reported a group pre-tax profit of M 56.18 million (553.89 million) for the six months ended June 30, 1993. It said the group result was adversely affected by intense competition arising from the opening up of newBernama - 85 words
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Article, Illustration388 1993-09-04 6 Agnes Chen - By Agnes Chen SINGAPORE Aokam Perdana is setting up a MS 100 million (Ss63 million) veneer and plywood factory in Sabah in which a Chinese stateowned investment company may eventually take a stake. The new factory, located in Keningau and set388 words
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Article, Illustration48 1993-09-04 6 Reuter LONDON Workers at the Yaohan Plaza shouting company slogans at the official opening of the Japanese shopping centre here yesterday. The £50 million (Ssl2o million) centre aims to bring together the different aspects of Oriental life and culture under one roof. ReuterReuter - 48 words
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290 1993-09-04 6 Bernama KUALA LUMPUR Khong Guan Holdings Malaysia Bhd has been served an injunction restraining the company from issuing any new shares. According to a statement yesterday, from its advisers, D&C Sakura Merchant Bankers Bhd, the company's solicitors would be taking steps toBernama - 290 words
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Article, Illustration382 1993-09-04 6 NYT DETROIT Declaring "it's time to let the younger people do the driving," Lee A lacocca, former chairman of the Chrysler Corp, resigned on Thursday as a director and chairman of the executive committee. Mr lacocca's unexpected departure comes less than nineNYT; Reuter - 382 words
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287 1993-09-04 6 Bernama KUALA LUMPUR Ibrahim Mohamed, who was convicted recently for short-selling in Union Paper Holdings Bhd shares, has resigned as deputy chairman and chief executive officer of Damansara Realty Bhd (formerly known as Kesang Bhd). A Damansara Realty statement, which was sent toBernama - 287 words
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242 1993-09-04 6 SINGAPORE Harimau Investments, the investment arm of the OCBC group, has reported a 44 per cent jump in group net earnings for the first half of this year. Its interim profit of $1.16 million, up from $807,000 previously, reversed the 14.5 per cent242 words
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242 1993-09-04 6 Reuter WASHINGTON A top Justice Department official predicted on Thursday that the anti-trust investigation of giant software company Microsoft Corp would last several months. The comments by Assistant Attorney General Anne Bingaman, in a brief interview with Reuters, marked the firstReuter - 242 words
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Article463 1993-09-04 6 Maufm prtcti Sep 4 6 Singapore Unit Trust The Commerce 1.51 1.59 The Savings Fund 1.43 1.50 S pore Prog Fund 0.66 0.69 S pore Sec Fund 0.97 I02xd S pore Invest Fund 1.13 1.19 S'pore Equity Fund 0.72 0.76 Asia Unit Trust Mai Invest Fund 1.99 2 08 MaJ463 words
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FINANCE & COMMODITIES
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303 1993-09-04 7 Bloomberg Business News BANGKOK Thailand's Securities and Exchange Commission yesterday announced a new regulation allowing finance companies and commercial banks, including foreign banks, to underwrite and deal debt instruments. Until now, only securities companies have had the right to underwrite bonds, but many don'tBloomberg Business News - 303 words
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Article245 1993-09-04 7 Reuter SYDNEY The Australian dollar tumbled to a six-year low yesterday, driven down by foreign investors after a slump in gold prices and jitters over the uncertain fate of Prime Minister Paul Keating's unpopular budget. The local dollar tumbled nearly a full US cent inReuter - 245 words
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Article, Illustration478 1993-09-04 7 DBS Weekly Currency Review USS/DM: Pressing towards 1.6338! The greenback corrected its recent losses early this week, trading from Monday's low of 1.6625 to reach 1.6820 on Tuesday. Thereafter, sellers returned to push the unit to a low of 1.6425 by Thursday, though it edged up478 words
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235 1993-09-04 7 SINGAPORE'S market for life insurance, traditionally confined to breadwinners, has been extended to cover children and retirees as well, an Asean insurance conference heard yesterday. With Singapore's ageing population and parents willing to spend more on their children's education, demand for insurance235 words
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161 1993-09-04 7 Reuter YANGON Myanmar's military government, in a bid to raise much needed hard currency income, has authorised unlimited issue of licences to private citizens with foreign exchange bank accounts allowing them to become money changers. The move is to encourage widespread use of foreign exchangeReuter - 161 words
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256 1993-09-04 7 Harish Mehta - By Harish Mehta SINGAPORE The Asian Bankers Association (ABA) is leading a mission of 18 member banks to Vietnam from today to Thursday to size up the business opportunities there. Mochtar Riady, chairman of the Indonesian Lippo Banking Group and concurrently chairman of the256 words
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392 1993-09-04 7 ENERGY REPORT LONDON Crude oil prices on both sides of the Atlantic tumbled after oil workers in Nigeria said they would return to work on Monday. Concerns that a strike by members of Nupeng, the Nigerian oil workers union, that began last392 words
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Article, Illustration133 1993-09-04 7 THE D-MARK was purchased against all currencies yesterday as German central bank president Schlesinger's comments about a cautious monetary stance hinted that German rates would not fall so early for the time being. The US$/S$ remained in a very tight range yesterday with good two-way133 words
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Article159 1993-09-04 7 Reuter LONDON The dollar lost its third pfennig of the week in volatile European trade yesterday, winded by a shock fall in US non-farm payrolls which relit speculation of a rate cut. August payrolls fell by 39,000 compared with forecasts of a 144,000 rise. July's figure was revised upReuter - 159 words
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Article87 1993-09-04 7 Reuter NEW YORK The dollar edged down yesterday morning after the announcement that US unemployment dipped slightly in August during slow trading ahead of the long Labour Day weekend. At around 1 lam, the dollar was trading at 1.6415 German marks, down from 1.6430 and 105.50 yen, (105.80).Reuter - 87 words
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Article, Illustration1364 1993-09-04 7 rnMit-wngftttd utdtx colcvkutd S'porr s top 14 trading fmnmm lor )«r !W US$/S$ forward rata Noon Sep 3 91 m Ofcr 1 -month 634? 1.6051 2-month I 604; 60* J-month I 60M I 6053 6-month 1.6027 1.6047 Source: OCBC FOREIGN CURRENCY NOTE RATES Aa at ltMMkpl: Sintporc 4oUm to HI1,364 words
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COMMODITIES & FUTURES
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1455 1993-09-04 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures opened steady in tight, range-bound trade as the release of pivotal US employment data sidelined traders. "There hasn't been much happening in the Eurodollar pit, apart from slight buying as people square their positions aheadReuter - 1,455 words
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Article626 1993-09-04 8 COMMODITY REPORTS Tin Tin ended the week unchanged at MSI 1.70 a kg. the same as previous close and one cent above record lows, but sentiment remained weak on poor fundamentals, traders said. Turnover was 61 tonnes, up from 40 previously and initial bids were626 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article104 1993-09-04 8 TOKYO Showa Shell Sekiyu has agreed to maintain the current price formula for Vietnamese Bach Ho crude to be loaded between Oct 1 and the end of March 1994, sources close to the firm said. In deciding to maintain the price formula, Showa Shell104 words
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69 1993-09-04 8 KANSAS CITY Stepped-up enquiries for US cotton have been noted from Asian customers this week, interested in covering fourth-quarter needs, US exporters said. Export sales report for the 1993-94 marketing year reported 21,900 bales of US cotton sold to Smith Korea. Exporters continue to69 words
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Article110 1993-09-04 8 TOKYO Japan's production of ferro-nickel fell to 23,780 tonnes in June, down 17.5 per cent from a year before, according to the Ministry of International Trade and Industry. Japan's ferro-alloy makers consumed 192.524 tonnes of imported nickel ores in June, down 15.3 per cent from a110 words
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Article71 1993-09-04 8 WASHINGTON The US Department of Agriculture has announced the world price for 1993-94 Upland cotton at 41.37 cents per pound, down from 41.56 cents last week. USDA also announced a 1.15 cents-per-pound coarse count adjustment for 1993-94. The coarse count represents a price adjustment for71 words
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Article1738 1993-09-04 8 Rubber Sep 3 HAS Ci— ia4ity Exckanga (tat *TM CtosiNf M at lpw) HAS (pfcysteai prkM) ITSS 1 Caatract (S cents/kg) layars SaNare Close Volume Open At at 12 mm (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Oct 93 134 50 135. SON Oct 931,738 words
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REGIONAL STOCK MARKETS
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Article1126 1993-09-04 9 -16.4 Shares continued their downward run, hit by the slide in the Australian dollar, bullion prices and offshore markets. The All Ordinaries Index dived 32 points at the open but recovered almost half its losses with help from a strong performance by News Corp. It closed 16.4 points down1,126 words
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Article568 1993-09-04 9 +35.03 Share prices barged into new territory on the back of Philippine Long Distance Telephone Co's (PLDT) US$4 rise on Wall Street, but profit-taking pared some of the day's gains, dealers said. The Manila Share Index rose about 30 points and Makati around 20 points on the third straight568 words
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Article371 1993-09-04 9 +2.33 Stocks closed slightly higher in relatively slow trading with buying interest centred on small and medium-sized counters, brokers said. The Composite Index was 2.33 points higher at 680.36. "Despite early gains, sentiment ran low, keeping investors on the sidelines," said Lee Sang-hee of Dongsuh Securities. "Large capitalisation counters371 words
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Article609 1993-09-04 9 -45.58 A late wave of selling pushed the Taiwan stock market down to close at a six-month Jow in thin turnover. Brokers said sentiment was very poor and the market would continue testing its lows. The Weighted Index spent most of the session slightly lower but closed 45.58 points609 words
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Article270 1993-09-04 9 -16.59 The New Zealand share market ended an up-and-down week little changed from last Friday's levels but down 0.82 per cent on the day. Brokers cited weakness in the Australian market on the back of a fall in the Australian dollar as a constraint on the local market.270 words
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Article121 1993-09-04 9 -23.17 Share prices closed lower despite an end-of-session rally on institutional buying in a trading session halved to an hour to enable settlement in cash shares, brokers said. The Bombay Stock Exchange 30-Share Index closed at 2,661.17 poihts, down 23.17 from Thursday. The 100-share National Index closed 5.97 points121 words
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WORLD STOCK MARKETS
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Article108 1993-09-04 9 -29.03 Consolidation of the bourse's recent gains took hold and French shares ended sharply lower. Dealers say the move may continue next week as operators lock in profits. The CAC-40 index ended down 29.03, or 1.33 per cent, at 2,156.09. Paris 9m i Fr \ir l kjuiJc 764 00108 words
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Article588 1993-09-04 9 -15.3 Book squaring, weakness in FTSE futures and nervousness ahead of next week's batch of corporate results saw the FTSE 100 Index close 15.3 points down at 3,057.3, just above the session lows, on the last day of the account. The long three week account posted a near three588 words
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Article167 1993-09-04 9 -0.46 Stocks closed marginally lower yesterday as investors wait for further signals on interest rates next week, traders said. The DAX Index of 30 most traded German stocks closed 0.46 points lower at 1925.16 points. It rose as high as 1943.14 early in the session, but then slipped steadily.167 words
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Article104 1993-09-04 9 +0.12pc Blue chips ended off highs as profit-taking dragged down other European bourses. Dealers said trading would be volatile before the Bundesbank meeting next Thursday. The Mibtel Index ended 0.12 per cent higher at 11,218. Milan Sep 3 Lire Xwuha I02SI Bmo» «0 0 Id MH »2 Ccnrrali 41S2»104 words
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Article102 1993-09-04 9 +0.65pc Lower debt market yields pushed the Stockholm bourse past 1.000 points despite pocketed profits in index-heavy Astra after Thursday's rally. The OMX-Index closed up 0.47 per cent at 1000.97, while the blue-chip dominated Top--16 Index rose 0.40 per cent to 1345.21. The All-Share Index climbed 0.65 per cent102 words
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Article150 1993-09-04 9 +35.14 Stocks surged in heavy volume amid expectation that the central bank will be forced to cut interest rates, traders and analysts said. The weakening Belgian franc and higher yields on Belgian stocks, compared with other European markets, also helped to boost values, they said. The Bel-20 Index rose150 words
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Article292 1993-09-04 9 -11.17 Shares fell almost one per cent on profit-taking which started in banks but spread across the market later in the session, dealers said. The weak dollar put pressure on chemicals which had traded firmer earlier in the session. Dealers said the weak dollar had unnerved some players as292 words
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Article713 1993-09-04 9 Britannia Funds Strriiag Cask Bid Offer Mm Cap Depour 31 6400 J» 6500 Mini Jcrwv Gik 0 1(H) OIW Mim Mat Income _..l 0600 I 1000 CSS Cask Income Plus Fund *10 6500 *11 2200 PS S R«ef>f Fund 5.2100 5 2200 Sirrtinf Lquir> Euro Performance 045V] 0 4434 Far713 words
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Article321 1993-09-04 9 -21 Gold shares finished sharply lower across the board despite a slight improvement in the price of gold after Thursday's overnight plunge. The Gold Index lost 77 points, or 4.5 per cent, to 1,645, while Industrials lost 21 points to 4,599. The Overall Index lost 53 points to 3,957.321 words
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Article308 1993-09-04 9 -6.65 Stocks sank on weak gold, transportation and consumer product indices in sluggish trading expected to continue yesterday, dealers said. "You're seeing a soft day with the Labour Day weekend coming. A lot of market players are not here," a trader said. The TSE 300 Composite Index plummeted 20.21308 words
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Article786 1993-09-04 9 -19 Blue-chip stock prices were lower mid-day after the release of disappointing US economic figures. The Dow Jones index of leading industrials had fallen 5.59 points to 3,620.51. The Labour Department announced yesterday that unemployment dropped to 6.7 per cent in August from 6.8 per cent in July,786 words
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Article231 1993-09-04 9 -5.82 Stocks slumped on a weaker dollar and because investors felt prices have risen too shaiply in too short a space of time, traders said. The EOE Index of the leading 24 Dutch stocks closed down 5.82 points at 354.23 points. On Tuesday the market hit an all-time closing231 words
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Article, Illustration2619 1993-09-04 10 Reuter STOCKS retained their modest gains at the dose with the key index finishing above the 7,500 level despite profit-taking, brokers said. The blue chip Hang Seng Index rose 18.68 points, or 0.2S per cent, to finish the week at 7,512.13. The index was ahead by 58 points atReuter; Source: Bridge Info - 2,619 words
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Article, Illustration497 1993-09-04 10 THE CLSA Shanghai B Index closed down lower yesterday on thin trading. It shed 18.% points to 793.35. Jinqiao which closed unchanged, was the most actively traded stock. Outer Gaoqiao, First Pencil and Dazhong also closed unchanged while others all ended lower. In Shenzhen, trading was disrupted in the497 words
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Article, Illustration2559 1993-09-04 10 Bloomberg Business News STOCK PRICES closed up 0.63 per cent, shedding earlier gains on reports that Yamaichi Securities will hold a news conference about compensation for "accidental" transactions involving US mortgage-backed securities, traders said. Still, a close above the 21,000 mark signals the resilience of the market. The NikkeiBloomberg Business News; Source: Bridge Info - 2,559 words
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Article, Illustration1591 1993-09-04 10 Reuter STOCKS traded higher led by high gains of big cement and property firms, brokers said. The SET Index rose 4.21 points to close at 991.32 on active turnover of 9.79 billion baht. Siam Cement, which reported lower first half-year net earlier this week, leapt 34 baht to finishReuter; Source: Bridge Info - 1,591 words
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Article, Illustration1002 1993-09-04 10 Reuter SHARE PRICES closed lower on profit taking by local players, brokers said. "Profit taking on the local side drove most prices lower but a continuous downward trend is not expected as foreigners remained confident on Indonesia," a dealer said. Astra International rebounded 600 rupiah to 15,800 on moderateReuter; Source: Bridge Info - 1,002 words
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Article, Illustration2582 1993-09-04 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mm H\d 50c 32.938 000 Promct 30.712 000 Kamunl.ng 50c 21.521.000 Fabcr Group 14.792.000 Mulpha Inll 50c— 6 794 000 Bedford 50c 6 652.000 FACB 50c 6 *****0 Mctropfcx 50c 6 086 000 Kerning Bhd 50c 5 944.000 Mutti-PurposcSource: Bridge Info - 2,582 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5453 1993-09-04 11 Bernama SHARE PRICES closed on a steady note with the benchmark indicator snapping back from its intra-day low when several component stocks recouped earlier losses on light buying interest in the afternoon. The 85-stock KLSE Composite Index bounced back from a low ofBernama; Source: Bridge Info - 5,453 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1132 1993-09-04 12 R Sivanithy - By R Sivanithy SINGAPORE The release of strong trade figures yesterday helped boost the market to its third successive record high, with buying interest in blue chips spilling over to the broader market. Morning trades saw the Straits Times Industrials Index climbSource: Bridge Info - 1,132 words
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Article, Illustration69 1993-09-04 12 Paul Leo - HOT STOCK Paul Leo HUME Industries breached a minor support at 56.2S to end at $6.1S yesterday. This could be the beginning of a bear move towards S4.SO. Directional indicator MACD has given a sat', signal. Daily, weekly ana monthly RSls all support the' bearish view. Support isSource: Bridge Info - 69 words
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Article6355 1993-09-04 12 I MAH BOARD Gr G* 1993 Last Vol Ua; Lm Quote Dh Dh YU Net M Cap High Low Compaay Sak (W) llick Low Buyer SeHrr Or P/t SaM mpohthm. and cowpcml 1350 260 Aetna 1240 20 $80 1350 1240 1240 1250 12.5 2.1 1.0 53.7 854.7 270 220 s6,355 words
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Page 5 Advertisements
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Advertisement62 1993-09-04 5 si'■ fflftjJL 1-j I I HJm I I n tfilfi*.. jk <bipp7 J i M *rff j H f^l mffk ■kS Wrw pr^ D goodbye there is toother waittaft at stay right in the centre of o«eCesftai 3 B^7 a ddof AMA s^:,t!. QTEL Bo,toeas a x i skwm **mi62 words
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Page 6 Advertisements
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Advertisement733 1993-09-04 6 BIJSINESS^TIMISS TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 M THE MATTER OF THE COMPANIES ACT, CHAPTER 90 AND WESENK3E INVESTMENT PTE LTD (M MEMBERS' VOLUNTARY UOUnATWN) NOTICE OF FMAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of Companies Act, Cap 50 that the Final Meeting of Members of the Company733 words
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Advertisement11 1993-09-04 6 A landmark case, Pg IS Dividends table has been held over11 words
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Page 8 Advertisements
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Advertisement33 1993-09-04 8 I* Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. OasaFiflNE^33 words
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Advertisement35 1993-09-04 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing Figures are carried instead Make new business contacts through classification 203 in The Straits Times T Classified, ca.t* 1737-M—35 words
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Page 9 Advertisements
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Advertisement15 1993-09-04 9 PORT SHOTS u The ,atest n sea air and lancl transportation. Business Times 11 «inotA«15 words
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Page 10 Advertisements
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Advertisement108 1993-09-04 10 Cartier's Boardroom Partner Globally across the most important boardrooms, the ultimate accessory is a briefcase that carries the Caitier signature. A princely piece in luxurious grained leather, it is created in the rich, classic burgundy tone which has become the Caitier house colour. Its pure and simple line is both108 words
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Page 11 Advertisements
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Advertisement59 1993-09-04 11 iisßi INFORMATION ON TAP taMnm l*aw*C«»P MtaEcma Ijaaaa IBWHHWWre' MHWhMmI —IMidKIM «>■»»"»■ Kwtatwi* Cumi El« fcawnfiwl IBM Ciimlb SrJSS ps-, gar* Mfc, gas, A new PC-based service from a leading news agency gives smaller firms some of the m h IkJ—□?!" h IWJ— —'i =i advantages big businesses enjoy. o,w~59 words
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Page 12 Advertisements
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Advertisement109 1993-09-04 12 Carrier's Boardroom Partner Globally across the most important boardrooms, the ultimate accessory is a briefcase that carries the Cartier signature. A princely piece in luxurious grained leather, it is created in the rich, classic burgundy tone which has become the Cartier house colour. Its pure and simple line is both109 words
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SPORTS
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Article, Illustration493 1993-09-04 13 Shahiron Sahari - Singapore Amateur Open Golf By Shahiron Sahari SINGAPORE Singapore comfortably won the team event of the 46th Singapore Amateur Open at Jurong Country Club yesterday, but knows that the hard and real job of winning the individual title is still to be done. Dino Kwck andPhoto by Arthur Lee - 493 words
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SCORE CARD
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Article, Illustration41 1993-09-04 13 Reuter NEW YORK National League Thursday: Florida 8 San Diego 2; LA 4 Pittsburgh 0, Atlanta 5 SF 3; NY 8 Chicago 3. American: NY 7 Chicago 1; Cleveland 4 Minnesota 3; Baltimore 4 California I; Seattle 8 Milwaukee 1.Reuter - 41 words
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Article, Illustration135 1993-09-04 13 AFP Reuter AFP CRANS-SUR-SIERRE, Switzerland European Masters leading first round scores Thursday (GB unless stated, x denotes amateur): 65 Mats Lanner (Swe), Nick Faldo, Philip Walton 66 Peter Mitchell, Colin Montgomerie 67 Craig Cassells, Sandy Lyle, Jamie Spence, Gavin Levenson (SA), Bill Malley (US), Alberto Binaghi (Ita), Miguel AngelAFP; Reuter - 135 words
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Article, Illustration639 1993-09-04 13 AFP NEW YORK U559,022 million US Open Thursday (x denotes seed) Men's singles, Ist Rnd: Jakob Hlasek (Swi) b Mark Woodforde (Aust) 6-16-2 4-6 6-2 (completed from Wednesday); Boris Becker (Ger x 4) b Andrei Cherkasov (Rus) 3-6 6-7 (8/10) 7-5 6-4 6-4. 2nd rd: Arnaud Boetsch (Fra) bAFP - 639 words
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242 1993-09-04 13 Reuter CRANS-SUR-SIERRE, Switzerland World number one Nick Faldo of Britain, Philip Walton of Ireland and Mats Lanner of Sweden all shot sev-en-under-par 65s to lead the opening round of the European Masters golf tournament on Thursday. Following one stroke behind were Britons Peter MitchellReuter - 242 words
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SIDE LINES
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Article70 1993-09-04 13 AFP MILWAUKEE, Wisconsin Morris Hatalsky considered himself a "bottom of the barrel" qualifier for the Greater Milwaukee Open. Now he is atop the leader board. The 18-year PGA veteran fired an eight-under par 64 here Thursday at Tuckaway Country Club, sinking eight birdies for aAFP - 70 words
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82 1993-09-04 13 AFP TYTHERINGTON, England France's Marie-Laure de Lorenzi, without a win on the European women's golf tour for three years, looked determined to end that drought as she took the first-round lead in the English Open here on Thursday. The Spanish-based 32-year-old posted a five-under-par 67AFP - 82 words
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Article90 1993-09-04 13 AFP SAN FRANCISCO Quarterback Steve Young, thought to be sidelined with a broken thumb, will start for San Francisco in its American football opener tomorrow at Pittsburgh. Young suffered the fracture last month in an exhibition game. He began throwing a football last weekAFP - 90 words
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Article95 1993-09-04 13 AFP SWANSEA, Wales British Lions and Wales centre Scott Gibbs is weighing whether to stay in rugby union or turn professional with English club St Helens for £300,000 (*****,000). Saints have offered the 22-year-old a five-year deal, but Swansea officials are still hoping that he willAFP - 95 words
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108 1993-09-04 13 AFP NEW YORK The National Basketball Association (NBA) wants to speak to Michael Jordan about his gambling for the second consecutive year. No date has been set, the New York Daily News reported, but Jordan is expected to meet NBA officials by theAFP - 108 words
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Article, Illustration771 1993-09-04 14 US Open Reuter AP NEW YORK Stefan Edberg finally paid the price for a year of living too dangerously at the National Tennis Centre on Thursday, while Boris Becker barely survived one of the longest awaited first-round results ever at the US Open. Edberg aReuter; AP; AFP - 771 words
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Article1353 1993-09-04 13 Ntm PtaM GA929 1120 kMaUt SQ228 2120 tamm RJ187 0135 Amsterdam GA891 1335 GA890 0001 KL837 1445 KL838 2310 SQ323 1555 SQ324 0105 »Mww SQ347 1735 **Um4 NZ21 1820 NZ22 1935 SQ288 2030 BMiraM GF148 0905 B S«rl hpaH BI421 1105 SQ182 0915 SQ181 1410 B14221,353 words
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Page 13 Advertisements
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Advertisement169 1993-09-04 13 OVERSEAS?! You can get newspapers magazines distributed by SPH from any of the following newspaper agents: Brunei: Current Newspaper Agency Tel: *****9; Fax *****43 Far East Newspaper Service Tel: *****2; Fax *****02 Hai Bin Book Store Tel: *****9; Fax *****95 Seria Book Store Tel: *****0; Fax *****86 Indonesia: Firma Wira169 words
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Advertisement135 1993-09-04 13 ADVERTISEMENT Busmessßmes/KENWQQD GOLFING TIPS By BRETT BRASIER PROFESSIONAL GOLFER Fully Qualified Member Of 5.P.G A,s Missing too many 1 j putts on the left? JyA j J Almost ©very good Then you are yir \f if P u^er takes the club q j probably'picking 11 li awa y the club135 words
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SHIPS IN PORT
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Article800 1993-09-04 14 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departwe Jurong Port Cuu Long Giang 02 2/93 far east Ptot 10 Flamboyant 61W Freia Nordic 3 Gulf KhaM 15/93 tartu 12/93 Kara 2 9308 Leader A Meng Wan No 666 ***** Itaga 50 09/93 Petro800 words
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Article1985 1993-09-04 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers available Ship Voy No Containers available t 8etter 60 306 *****3 0700 E)eia Burn 2141 cooieso *****3 1500 Kola Naga NGA022 *****3 0700 Rybnoirsn 946 COOiESTl *****3 1500 Anders Ms 9314 *****3 0810 Ned Ocea m 13231,985 words
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Page 14 Miscellaneous
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Miscellaneous369 1993-09-04 14 CRYPTIC CROSSWORD a Balearic island uproar (7) YESTERDAY'S SOLUTION (5) 7 Former one to tear round free 29 Start to speak without one drink f rom blame (9) MnIrIaIvIeIIIIIeId^MmMTI 8 Strike weapon has its point MulßulHnib 1 ■emf|a|rlml 30 As far as I can see it s unres- (5,10) tricted369 words
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REGIONAL FOCUS
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Article, Illustration1037 1993-09-04 15 Swift, decisive action shows Malaysian resolve to clamp down on share market manipulation Bernama KUALA LUMPUR When businessman Ibrahim Mohamed pleaded guilty and was fined M 5500.000 (*****,000) on Saturday for short-selling MSB .3 million worth of shares oq the Kuala Lumpur Stock Exchange (KLSE),Bernama - 1,037 words
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Article425 1993-09-04 15 MBT KUALA LUMPUR Union Paper Holdings Bhd (UPHB) was incorporated on June 22, 1989, as a holding company for Union Paper Industries (UPI) and was converted to a public limited company in August that same year. UPHB undertook a restructuring exercise to list itsMBT - 425 words
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Page 15 Advertisements
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Advertisement39 1993-09-04 15 1 BtIIIK LIVING BEGINS WITH A I I HOMEOFYOdROWN Stop dreaming and start living. Wander through our Properties Section in The Straits Times Classified and locate an ideal I home you have always been cvts. dreaming of. 737.1 i«39 words
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Advertisement33 1993-09-04 15 WE ARE \TEVER TOG 3IG TO SHOWER 3NOUGH ATTENTION DNYOL DURING MEETINGS, SEMINARS AND FUNCTION! Th e Westi n Sta mford&The Westi n Plaza Singapore Call Westin Catering at 338-3808 for more information.33 words
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428 1993-09-04 16 AP Reuter WASHINGTON The US government's chief gauge of future economic activity fell 0.1 per cent in July as factory business weakened and consumers turned gloomy about the economy's prospects, erasing June's slight gain and continuing a seesaw pattern that hasAP; Reuter - 428 words
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482 1993-09-04 16 Reuter BONN Chancellor Helmut Kohl said yesterday that progress had been made in ironing out a row between Germany and France over farming that is blocking a world free trade deal. But he also made it clear that Germany opposedReuter - 482 words
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377 1993-09-04 16 UPI LONDON Conservative lawmakers, nervous the Tories will lose their reputation as the party of low taxation, are putting pressure on the government to further cut public spending. Ministers and senior lawmakers cautioned Chancellor of the Exchequer Kenneth Clarke against raisingUPI - 377 words
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Article, Illustration70 1993-09-04 16 Reuter VANCOUVER Three women shoppers in front of a Kim Campbell election billboard that graffiti artists scribbled over on a trendy street in Ms Campbell's home riding (district) of Vancouver Centre. Ms Campbell, who is expected to have a tough fight in her own riding, may callReuter - 70 words
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372 1993-09-04 16 AFP WASHINGTON The Interior Department could decide this week whether to recommend action against China and Taiwan for violating international wildlife accords to allow trade in rhinoceros horns, a spokeswoman said on Thursday. "The Department of Interior has been collectingAFP - 372 words
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Article, Illustration332 1993-09-04 16 AP HONGKONG Governor Chris Patten yesterday attacked China's expulsion of a labour dissident as a "flagrant contradiction" of international law that made Hongkong fear for its future. Mr Patten's comments, the latest salvo in a growing dispute with China over labour organiser HanAP - 332 words
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Article, Illustration483 1993-09-04 16 Reuter JAKARTA Indonesian Foreign Minister Ali Alatas said yesterday that he does not believe an arms race is building up in the Asia-Pacific region. But he added that Indonesia must protect its legitimate defence needs. "We are not going to be overly worriedReuter - 483 words
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442 1993-09-04 16 Reuter ASSANDRA, Ukraine Ukraine agreed yesterday to give Russia its part of the disputed Black Sea fleet as well as nuclear warheads in exchange for Moscow writing ofT a large part of Ukraine's debt. Ukraine agreed to ship its nuclear warheads toReuter - 442 words
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Page 16 Advertisements
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Advertisement6 1993-09-04 16 mess 11 Monday in Business Times6 words
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Page 16 Miscellaneous
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Miscellaneous57 1993-09-04 16 7 i.« v(~ >p Y RHO I P>UOP«YS TMoOGrff I' roO&N'NG. r^g.6RISTC>U)J V CXewiHG UW£S...J VFfttßlfeS P>& TH£ Oj6JVWS.,.. fuJK> We. DfeviL PvRs.NOU (SfeuT^vSg^) DOONESBURY GARRY TRUDEAU GAff I MERELY RAISE TVEOO- IT fVSCMJW IOUfS TtePOSSI&LnY. O&HONAVBW VIOUSLY H D6HIAL. 9JG>- rrSBeeNYSARS ptMANPtNO UPSET you; ■It a-J Jurat*- 7HERBAF& /NGr/H57 words
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EXECUTIVE LIFESTYLE
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Article, Illustration1539 1993-09-04 17 Liz Hodgson; Ian Markham-Smith - Is the pied piper of pop leading children astray? Liz Hodgson and lan Markham-Smith report from Los Angeles Liz Hodgson and Ian Markham-Smith Sunday Morning Post A CLOUD hangs over Michael Jackson's Disneyland-style Neverland Ranch, on the outskirts of Los Olivos in the picturesque Santa Ynez Valley.Sunday Morning Post - 1,539 words
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STRAWS IN THE WIND
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Article45 1993-09-04 17 PRESIDENTIAL candidate Chua Kim Yeow was known for his reluctance to stand for election. No wonder then that when the results were late in coming on election night, the joke going around that Mr Chua had won and was demanding a recount.45 words
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Article45 1993-09-04 17 STILL on the election, a voter at one community centre obviously hadn't been reading newspaper reports about the voting process. After standing in the voting booth for about 15 seconds, she turned round and called to the polling officer. "Tick or cross?"45 words
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Article23 1993-09-04 17 MICHAEL Jackson, who cancelled his concert on Monday, gave whole new meaning to the phrase "Not tonight, dear, I have a headache".23 words
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Article75 1993-09-04 17 BELIEVE it or not: according to a news agency story, a burglar climbed into an apartment and heard a voice saying: "Me and Jesus is going to get you." The burglar froze but realised that the voice belonged to a parrot. Relieved, he asked the bird what its75 words
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OPINIONS
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Article, Illustration960 1993-09-04 18 Margaret Thomas - What we need is a Women's Affairs Bureau with teeth Margaret Thomas says 'women's problems' can be solved properly only by approaching them within the larger context of'national problems' Margaret Thomas The writer is BT's Associate Editor. This commentary first appeared in the September issue of Singapore Business magazine. IS960 words
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Article814 1993-09-04 18 Kevin Sullivan - Kevin Sullivan wishes major powers had followed Margaret Thatcher's advice on handling the Bosnian calamity Kevin Sullivan The writer is a journalist with BT. He was injured in a land-mine explosion while covering the war in Bosnia earlier this year. THERE is a scene in one814 words
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Article277 1993-09-04 18 Fang Chin Thye - Fang Chin Thye THE CPF Investment Scheme has worked satisfactorily since its implementation in 1986 and many account holders must have benefited from the scheme. The government, however, has been cautious. It requires the scheme's participants to set aside a minimum sum of277 words
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158 1993-09-04 18 J Engestrom - J Engestrom Managing Director The Mercantile General Reinsurance Company pk FURTHER to your article regarding my speech at the Singapore General Insurance Association luncheon on Aug 16, I would like to clarify what was said about the reinsurance industry restructuring and withdrawals. I only158 words
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339 1993-09-04 18 Peter Brown; Mrs Amy Lee - LETTERS TO THE EDITOR Peter Brown and Mrs Amy Lee WE REFER to the article, "Property prices will go up after GST, say academicians" (BT. Aug 31). The article made reference to our paper, Influences of GST on the Property Market, presented339 words
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Article83 1993-09-04 18 Roger Bickmore - Roger Bickmore Regional Manager Royal Reinsurance Co Ltd IN THE article "UK reinsurer predicts global revamp of industry" (BT, Aug 17), you reported Mr Engestrom as saying that "among those firms likely to withdraw from active reinsurance business are NW Re, Royal Re and the NRG/Victory group".83 words
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PROFILE
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Article, Illustration3986 1993-09-04 19 Zoe Heller - John Le Carre, with his career in the secret services, exotic alias and, according to legend, reinforced-steel lavatory doors, has acquired the reputation of being intensely private and even a little dangerous. Zoe Heller meets the man behind the daunting public image Zoe Heller The IndependentThe Independent on Sunday - 3,986 words
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TIME OFF
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BULLS EYE
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Article, Illustration255 1993-09-04 20 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities, Crosby Securities, Daiwa Securities. DBS Asset Management, Kay Hian James Capel, Kim Eng Securities, Morgan Grenfell Asia Securities, OCBC Securities, Ong A Company, Peregrine, Phillip Securities. Tat Lee Securities,255 words
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Article, Illustration211 1993-09-04 20 William R Ebsworth for Fidelity Investments (HK) Hongkong's stock market continues to attract funds fleeing low fixed returns and high equity valuations elsewhere in the world. The Hang Seng Index gained 6 per cent in August, but breadth was limited. Longer term, our fund managersSource: Bridge Info - 211 words
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Article, Illustration257 1993-09-04 20 Max Guglielmucci - Max Guglielmucci Research co-ordinator Vickers Balias Investments Research T sentiment VV strong T T as it is and the index having reached all-time record highs, many investors are. asking how much higher (an the index run? Firstly we should look at $ome of the reasons why Singapore257 words
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Article, Illustration1405 1993-09-04 20 Joseph Rajendran - Based on earnings prospects some of these counters are trading at attractive levels, says Joseph Rajendran Joseph Rajendran COMPUTER-relat-ed stocks like Venture Manufacturing, IPC and Eltech have rewarded their shareholders handsomely in the last six months. They represent, however, but one sectorSource: Bloomberg - 1,405 words
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Article134 1993-09-04 20 SINGAPORE residents can purchase Nasdaq stocks in lots of 100 shares through five investment banks located in the Republic. Goldman Sachs (S) Pte Ltd, Merrill Lynch International Bank Ltd and Smith Barney Harris Upham Securities Pte Ltd specialise mainly in high net worth individuals. Firms134 words
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Article, Illustration680 1993-09-04 20 S N Vasuki - Analysts have ruled out another rally for this year. S N Vasuki explains why S N Vasuki Taiwanese punters love to live dangerously. Their walk on the wild side attitude is reflected in the volatile and often unpredictable swings of the Taipei bourse. This680 words
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Article, Illustration521 1993-09-04 20 Najeeb Jarhom - By Najeeb Jarhom The writer is research manager at Fraser Securities GOING into uncharted territory for months at a stretch is not something new for the Straits Times Industrials Index. It had done so for nearly six months in521 words
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Article, Illustration693 1993-09-04 25 CRUISING along Bras Basah Road last week, this reviewer dropped into two older hangouts where two formerly prominent entertainers were still doing their thing. First, at Long Bar at the Raffles Hotel Arcade, we found ex-Talen-time champion Faridah Dollah still singing well after all693 words
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Article, Illustration791 1993-09-04 25 Shahiron Sahari - Shahiron Sahari finds out what's new at Europa Changi and drops in at two older hangouts along Bras Basah Road Shahiron Sahari SOME may call it the boondocks, but Changi is to some people the best part of the country. Eor Dennis Foo, for one,791 words
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Article, Illustration399 1993-09-04 25 Off Centre The Necessary Stage presents its tale of two former mental patients who find it hard to reintegrate into society. Along the way, they raise the issues of God's existence, suicidal tendencies and social misconception of mental illnesses. Till Sep 6. Bpm at the Drama Centre. Tickets at399 words
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Article195 1993-09-04 25 Academy Of St Martin In The Fields This world-renowned chamber orchestra performs a selection from Beethoven. Mozart. Tchaikovsky and others. Kenneth Sillito directs. Sep 6 to 9, Bpm at the Victoria Concert Hall. Tickets at $15. $20. $30. $40 and $50 available from Tangs. Cold Storage and Victoria Theatre.195 words
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Article98 1993-09-04 25 The Blue Planet Produced with help from Nasa. this film takes you on a -trip to space where the Earth seems suspended in a limitless void. With footage charting the planet's physical changes, we see how natural catastrophes have devastated life here. Too bad Man is intent on contributing98 words
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Article555 1993-09-04 25 Berlin Art Scene The first significant exhibition curated by Berlin Kunstlerhaus Bethanien after the fall of the Berlin Wall, thjs shows the present art scene in the formerly divided city. Twelve artists have been chosen to participate in this event. Till Sep 15. 9am to 5.30pm daily555 words
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Article217 1993-09-04 25 Making Connections A look at video art. with an attempt to examine their state, form and aesthetic positioning. Presented as part of Art Of Tomorrow. Septfest. Till Sep 12. 11am to 9pm at the Gallery. Admission is free. Story of Di Qing Seizing The Flag 01 Fire217 words
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Article193 1993-09-04 25 Audrey Tan - Compiled by Audrey Tan The Sutow Music Festival Together with Rick "Heaven Knows" Price and Jimmy Barnes. Bon Jovi may hit town in this two-night fling. Local band AWOL adds to the glitter. Oct 1 and 2 at Sentosa. Tickets (valid for both nights) at $75 and $120 are193 words
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PERSONAL FINANCE & INVESTMENT
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Article, Illustration872 1993-09-04 21 Paul Leo - Paul Leo finds out what the banks are offering students headed for an education abroad Paul Leo IT REQUIRES some long-term planning if you intend to borrow money from the banks to finance an overseas education. It's not just what it would cost you872 words
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Article358 1993-09-04 21 CONSIDER a case of an overseas student borrowing $10,000 a year for a four-year course. Also assume the following: He is required to service only the interest on the actual amount borrowed at prime plus 2 per cent during the course of his study. Prime is358 words
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Article, Illustration408 1993-09-04 21 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE EIGHT-club BT Golf Index went up by 2.7 points to 256.19 in August, making it the fifth consecutive monthly increase. With the rise to 256.19, the index is edging closer towards the previous high in November 1991 when it408 words
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827 1993-09-04 21 Kaye Hurley - Are profits from the sale of shares taxable? What about the deductibility of expenses? Kaye Hurley has the answers Kaye Hurley The writer is a director of PKF Consultants, the consulting arm of an international accounting firm. The article first appeared in Financial827 words
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Article, Illustration685 1993-09-04 22 SUSAN TSANG - By SUSAN TSANG IF YOU think a month of Sundays is a long time, wait till you go through a few years of February the Seconds, also known as Groundhog Day. That's basically what happens to weatherman Phil Connors (Bill Murray). Phil is sent to the little685 words
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Article560 1993-09-04 22 SHAHIRON SAHARI - CD Review By SHAHIRON SAHARI ALETA ADAMS: Evolution ndams' was that rich, soulful voice heard on Tears for Fears' Woman in Chains in their Seeds of Love album. No doubt this album is but another stage in the evolution of her singing career which began with Tears for560 words
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Article, Illustration1329 1993-09-04 22 Mark Graham - Shanghai is well on its way to reclaiming the Paris of the East title which it earned during the *****, reports Mark Graham Mark Graham ONE GLIMPSE inside the Shanghai stock exchange explains instantly why China is strapped to an economic skyrocket, while the Western worldPhoto by Mark Graham - 1,329 words
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Article, Illustration888 1993-09-04 22 KARIM RASLAN - InHrV nvlW By KARIM RASLAN WAY BACK in the late '60s when my father took us on summer holidays to London we would stay at The Dorchester hotel, overlooking the green expanse of Hyde Park. In those days, the hotel, unused to Asian visitors, had888 words
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Article, Illustration612 1993-09-04 23 CHUANG PECK MING - Book Review By CHUANG PECK MING No Exit By Julie Borchill Sinclair-Stevenson 289 pages, $24.90 WHAT begins with an S and ends with an X? This question is asked somewhere in the novel. "Sex" would appear to be the quick, obvious answer. After all, Julie Burchill is notoriously612 words
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HEALTH & FITNESS
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HEALTH Notes
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Article132 1993-09-04 24 NYT MARITAL spats may weaken couples' immune systems, according to tests done at Ohio State University. Researchers reported that couples who used sarcasm, putdowns, and nastiness toward one another showed indications of a weakened immune system, compared with couples who treated each other more positively. NinetyNYT - 132 words
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Article139 1993-09-04 24 NYT ALTHOUGH there is much fuss nowadays about the lack of regular exercise, experts have pointed out that some people actually exercise too much, and become addicted to it both physically and mentally. A psychologist at the University of Toronto identified warning signs of compulsive exercising: ExercisingNYT - 139 words
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Article132 1993-09-04 24 NYT THERE'S discouraging news for people who are very overweight: If they go on a very-low-calorie diet, they're no more likely to keep the weight off for more than a year than are people who participate in a traditional weight-loss programme. This conclusion isNYT - 132 words
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197 1993-09-04 24 NYT who experience stressful events in their lives may be at 4n increased risk of developing colorectal cancer, particularly if -Che stress is work-related, according to researchers from Sweden !fcod California. That cancer is stress-related is not a new finding, hut what surprised researchers isNYT - 197 words
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Article, Illustration830 1993-09-04 24 Anna Teo - A breakthrough helps researchers to show that marathoners have more flexible arteries. Anna Teo reports Anna Teo IF PEOPLE at the bus-stop shoot you that "you pitiful masochist" look as you trudge past them this evening, return the smirk. The word's out. and830 words
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PEOPLE
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Article, Illustration295 1993-09-04 24 TANGS Studio finally opened its doors at Ngee Ann City last Tuesday, welcoming about 1,000 invited guests into its premises. At 10,000 square metres, the new store is three times bigger than its previous location at Scotts Shopping Centre. Tang Wee Sung, groupPhotos by Chris Loh - 295 words
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EPICURE
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Article, Illustration1173 1993-09-04 26 Neville Stack - Neville Stack meets the master chef credited with introducing the real taste of China to the British Neville Stack The writer is a UK-based journalist who contributed this article to Executive Lifestyle THE YOUNG vice-con-sul took his responsibility of looking after the Chinese community in1,173 words
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Article634 1993-09-04 26 N K YONG - Wine By N K YONG YOU ARE called an eccentric if you are very rich or famous, or both. Which is why Jacques Reynaud of Chateau Rayas, one of wine's great characters, is known as an eccentric. A short, stockily-built man, he is one of the634 words
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Article, Illustration579 1993-09-04 26 JAIME EE - Bon Appetit By JAIME EE NOBODY who goes to a restaurant enjoys paying the service charge. They just do it because it's a necessary evil, without realising that, without paying for service, you don't have a reason to complain if it's bad. The concept of service579 words
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Article, Illustration1056 1993-09-04 28 Cap And A Naif. Burt Reynolds' disgruntled cop teams up with an eight-year-old cop wannabe, who tries (and fails) to do an Eddie Murphy. Jade 11; 1.30; 4; 6.30; 9. Yishun 10: 10.35; 12.35; 2.35; 4.35; 7.20; 9.20; 11.50. Dennis Tha M—ca. Not content with making Mr Wilson's life1,056 words
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Page 17 Advertisements
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Advertisement142 1993-09-04 17 ISSSSSSESSSISISShiiSSB Hailed as priceless works of art, Blancpain's Masterpieces now await your exclusive viewing. At The Hour Glass. Working from an old farmhouse in the Jura mountains of Switzerland, Blancpain's watchmakers perpetuated their skills in the Collection. Regarded as heirlooms, the family of six masterpieces includes the Ultra-Slim Watch, the142 words
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Page 18 Advertisements
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Advertisement392 1993-09-04 18 WHEN IN CHINA Get The Straits Times, Lianhe Zaobao Business Times from the following hotels In Beijing Grand Hotel Beijing Taiwan Hotel Shangri-La Beijing Jing Guang New World Centre Yanshan Hotel Freindship Hotel Grand Building Great Wall Sheraton Hotel Liang Ma Tower Kunlun Hotel Tianlun Dynasty Hotel Holiday Inn Lido392 words
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Page 20 Advertisements
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Advertisement12 1993-09-04 20 BROCHURES PTE LTD 227 3138 Call For Doreen, Karen, Muralee or Lawrence.12 words
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Page 21 Advertisements
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Advertisement76 1993-09-04 21 continues with their House Hunt How much is private property really going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in Singapore each month. From that, you'll have a clear view of the market. And a clear lead.76 words
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Page 22 Advertisements
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Advertisement247 1993-09-04 22 THE 25TH SINGAPORE INTERNATIONAL FESTIVAL OF BOOKS AND BOOK FAIR 93 ■BBBBBSBBHI Celebrating the 25th Anniversary of the Book Fair Function Room Hall 1, WTC 11.30 am i.30 pm u QOJHHL oti (litculing^ -WOMEN WRITING BACK" A Forum Presented by the Singapore National Arts Council (Singapore The Book Fair With247 words
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Page 23 Advertisements
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Advertisement882 1993-09-04 23 Bo I JVV Straits Steamship 1 I m m Land Limited 1 I (Incorporated in the Republic of Singapore) I I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Stockholder* of the Company wfl be held at tie I Straits Room, 10 Coßyer Quay #29-00, Ocean Buicfing,882 words
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Page 24 Advertisements
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Advertisement42 1993-09-04 24 1 m r 1* vl t V 3v n*>> w old point Automatic Chronograph Model 406.41.15A Nothing Shocks A Zodiac Zodiac SWISS 18 8 2 SOLE AGENT: CRYSTAL TIME |S| PTE LTD TEL 74/8888 p. *r.%. I- 'H Seawolf Model 51 3.52.42A42 words
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Page 26 Advertisements
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Advertisement184 1993-09-04 26 Win a wonderful prize for a bride t Four nights at Raffles An elegant tea reception h*r— i s v i fe: ?4 r K '4 rSC |2L C|j ft Hf u»rt U* t' SL t is* il 9 L lirsW I **S£~ £> T C« u. v- H4 JL-r-n184 words
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Page 27 Advertisements
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Advertisement1244 1993-09-04 27 feigM Nothing Beats A Bud, "hh® to wine, dine mo entertain OF Our weekend tea is so satisfying, people sometimes break into song. Wh JBil Choose from an astonishing variety of savoury and sweet favourites. And if that's not enough, our tea special also includes karaoke at Singsation, Singapore's only1,244 words
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Page 28 Miscellaneous
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Miscellaneous2413 1993-09-04 28 TODAY'S TV s.oo cereon 9.30 King Arthur. 8.50 Natkmal Farmers, Fisher-Akal-Akalan, 3.30pm, SBC 5 The Brittas Empire, 12.30pm, Despite father who cer'wnony 199$ approves of them having boy- Colin's remedies jRL 12.00 NN News. friends, sisters Rosa and Ira Carole and a prized cow 1 12.20 PM IV PeudidNian. both2,413 words
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