The Business Times, 14 September 1991
1991-09-14
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The Business Times
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Title Section10 1991-09-14 1 BusinessTimes MCI (P) 16/12/90 Weekend Edition, September 14-15 1991 75*10 words
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NEWS & MARKETS
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Article40 1991-09-14 1 WALL STREET was mixed in early trading yesterday in a muted response to cuts in some key interest rates. The Dow Jones average of 30 industrials dropped 1.57 points to 3,006.26 in the first half hour of trading.40 words
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Article42 1991-09-14 1 LONDON shares were higher at midday yesterday, helped by good performances on overseas markets and some bar-gain-hunting. At about 1115 GMT), the FTSE 100-share index was up 15.3 points, or 0.6 per cent, at 2,657.2. Volume was 329.9 million shares.42 words
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73 1991-09-14 1 MOSCOW The Soviet Union and the US agreed yesterday to halt arms supplies to the warring sides in Afghanistan, the third breakthrough in relations since the failed coup removed Moscow's hardliners from power. US Secretary of State James Baker and Soviet Foreign73 words
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42 1991-09-14 1 LONDON The retail price index (base January 1987), Britain's main measure of inflation, showed a year-on-year increase of 4.7 per cent in August, against 5.5 per cent in July, the Central Statistical Office said.42 words
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Article36 1991-09-14 1 THE $73 million deal to sell Marina Village International has taken a twist. Khamis Hidings has proposed a direct transaction between creditor bajjk Standard Chartered and the purchaser. Triangle Development Holdings Page 236 words
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Article36 1991-09-14 1 SINGAPORE Petroleum Co (SPC) has surprised many analysts by chalking up a record $41.93 million in interim net earnings. The figure is about $5 million below the group's 1990 full-year earnings. Page 336 words
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Article, Illustration32 1991-09-14 1 Friday Change BT-MGA 690.87 -2.64 Kuala Lumpur ....544.66 -4 95 Tokyo 23,134.43 +*****3 Hongkong 3.974.12 +4.02 Sydney 1567.8. -1.3 Thursday Change New York 3007.83 20 8 London 2,641.9 +15 332 words
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Article24 1991-09-14 1 Exchange rates SS 1.7010 J2? Yen SS 1.2661 V J S SS 0.6165 Money market rates Overnight 5 1/4% +1/4 3-month 5 unch24 words
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Article39 1991-09-14 1 London Gold AM fix USS343.50 USS-4.00 Rubber S'pore Oct.... 136.50«/kg -0 25 M'sia Oct..... 224.50*/kg U nch KL Tin Turnover 83 tonnes +3 Spot MS 15.07/kg -0.04 Crude palm oil Turnover 1.643 lots -52 Oct MS800 /tonne -1039 words
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595 1991-09-14 1 Lee Han Shih - Anthony Salim to join UIC board By Lee Han Shih UNITED Industrial Corporation yesterday pulled all the bad news out of its closet and declared a $167 million loss for the first half of this year. The bulk of the losses ($138.2 million)595 words
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328 1991-09-14 1 Conrad Raj - From Conrad Raj in OTTAWA THE first round of talks since Canada served a year's notice that it wants to terminate its air services agreement with Singapore ended on an inconclusive note. Further negotiations to resolve the air dispute between328 words
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Article80 1991-09-14 1 Reuter WASHINGTON The US Federal Reserve Board said yesterday it was lowering its benchmark discount lending rate to 5.0 per cent from 5.5 per cent. The discount rate was last changed on April 30, when it was reduced to 5.5 per cent from 6 perReuter - 80 words
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273 1991-09-14 1 Catherine Ong - From Catherine Ong in HONGKONG THE MOST hotly-contested seat in the professionals-only elections to Hongkong's legislature went to liberal politician, Jimmy McGregor, despite heavy campaigning by conservative businessmen. Mr McGregor, an incumbent Legislative Council member and vice-chairman of the Hongkong Chinese273 words
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Article, Illustration522 1991-09-14 1 Lee Han Shih - By Lee Han Shih SINGAPORE Members of the Singapore Island Country Club, who threw out proposals by the Public Utilities Board last Friday, have been given a month to bow to essentially the same set of demands, or risk losing the use522 words
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Page 1 Advertisements
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Advertisement120 1991-09-14 1 1 Nikon TheWbrtd'sßneei HmoypWe ffynm. COVER Rama Meyyappan: V the man movie buffs love to W to hate. EL 1 v Aircraft Schedule Commodities 15 Company News 3 4 Cryptic Crossword EL 11 Executive Jobs El 10 Futures Options 14 Interbank Fore* Rates 14 Home News 2 us Money Changer120 words
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Advertisement10 1991-09-14 1 OPINIONS Are we ready to laugh at ourselves? EL 210 words
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Advertisement18 1991-09-14 1 PURSUITS SICC: waiting to see how the tend lies. EL 7 Beauties at the boat show. EL 718 words
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Advertisement283 1991-09-14 1 Nikon -HI II|M||III|I lL ,n J PURSUITS tiMlpUr J/htau Phnom-Penh FINANCE Yeo Hiap Seng: biting off more than it can chew. EL 8 HISTORY IN TIME %flHv 'vT^B^^H Newton, automatic in 18 ct gold or gold/steel Planetarium Copernicus, individually numbered, handmade in 18 ct gold. Michelangelo, automatic in 18 ct283 words
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Advertisement16 1991-09-14 1 JOBS Why a big company should have a conscience. EL 10 One member's views, EL 716 words
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HOME NEWS
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509 1991-09-14 2 Dawn Tan; Sangeeta Mulchand - By By Dawn Tan and Sangeeta Mulchand THE $73 million deal to sell Marina Village International (MVI) has taken a twist, with Khamis Holdings proposing a direct transaction between its creditor bank Standard Chartered and the purchaser, Triangle Development Holdings. Elyamani Khamis, Stanchart,509 words
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Article, Illustration577 1991-09-14 2 Colin Tan - Blueprint for 21 st Century By Colin Tan EXCITING plans are in store for future commuters as more MRT and light-rail (LRT) stations, expressways and a new class of roads called semi-expressways come onstream by Year X, the time the population hits577 words
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312 1991-09-14 2 WHAT DOES the Prime Minister himself say about Hello Chok Tong, Goodbye Kuan Yew, the book of cartoons starring himself, fellow politicians, and all Singaporeans? A post press-conference chat with reporters during the recent election campaign provided an opportunity to find out. With a laugh,312 words
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Article107 1991-09-14 2 NATIONAL Trades Union Congress (NTUC) deputy secretary-general Goh Chee Wee has been appointed deputy chairman of NTUCs industrial relations council following Mr Lim Boon Heng's appointment as Senior Minister of State for Trade and Industry. Mrs Yu-Foo Yee Shoon, assistant secretary-general, replaces Mr Goh as deputy107 words
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SHIPS IN PORT
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Article1011 1991-09-14 2 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CAMP SIB M„ CH./PI. 12?? Mb 3"P Voy No Etb/Btr Period From To From ACX 49 15/1130 3 14/0700 14/1159 14/1400 < 14/1200 14/1459 14/1700 A>a Bhum 524W 14/ 22* 5 2 13/1700 14/0659 14/0900 9116 16/2300 1 13/1500 13/1659 13/19001,011 words
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Page 2 Advertisements
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Advertisement10 1991-09-14 2 Are we ready to laugh at ourselves? EL Page 210 words
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COMPANY NEWS 1
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458 1991-09-14 3 Lilian Ang - Operating profit more than twice that a year ago By Lilian Ang SINGAPORE Singapore Petroleum Co (SPC) has chalked up a record $41.93 million in interim net earnings, just $4.8 million shy of the group's 1990 full-year earnings. Its outstanding results458 words
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319 1991-09-14 3 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Property tycoon Ng Teng Fong's listed flagship, Orchard Parade Hotel, has decided not to proceed with its hotel extension plans, the company announced yesterday. In a statement accompanying its interim results, Orchard Parade said the decision to shelve the319 words
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241 1991-09-14 3 DBS CHARITY INVESTMENTRACE, SINGAPORE DBS Asset Management, the runaway leader in the DBS Charity Investment Race, stretched its lead further last week as its accumulated profit pushed towards the $130,000mark. At the end of the reporting week on Tuesday, Sep 3, the DBS team241 words
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Article858 1991-09-14 3 Prices as at 13.09.91 Conversion terms Premium/ Expiry T (discount) Optional** using issued Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cash. Loan Gearing, Date Mths stock ratio price nom 1 Stk, 4 left value 2 S S S Bur 11 U5-2 0.140 0 660858 words
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321 1991-09-14 3 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Singapore Bus Service Ltd (SBS) is going for full control of taxi operator Singapore Air Bus Services Ltd (SABS). SBS yesterday announced that it has agreed to buy 3.1 million shares representing 61.5 per cent of SABS321 words
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289 1991-09-14 3 Lee Han Shih - By Lee Han Shih SINGAPORE An office block to be completed at the end of this year will give listed developer and contractor Lim Kah Ngam (LKN) its first foothold in the growing Johor property market. Situated at the289 words
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252 1991-09-14 3 SINGAPORE Inno-Pacif-ic Holdings Ltd (IPH), in a bid to strengthen its regional paper-trading activities, will take a 60 per cent stake in Spicers (Malaysia) Sdn Bhd. IPH announced yesterday that one of its subsidiaries had entered into conditional agreements with Lien Hoe Corporation252 words
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COMPANY BRIEFS
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70 1991-09-14 3 SINGAPORE Singatronics has incorporated wholly-owned subsidiary PT Singatronic Batam to manage its project in Batam. The company, with issued and paid-up capital of US$l million (S$ 1.7 million), will make consumer and industrial products and printed-circuit board assemblies. Mr Eddie Foo Chik Kin has been70 words
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Article20 1991-09-14 3 SINGAPORE Mr John Ramplin has resigned as director of RMCA Reinsurance with effect from Sep 12.20 words
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Article90 1991-09-14 3 KUALA LUMPUR Lien Hoe Corporation Bhd has said it intends to acquire the entire issued and paid-up share capital of Bintang Serasi Development Sdn Bhd (BSD), comprising 6.8 million ordinary shares of Msl.oo (550.62) each, from Hongin Management Sdn Bhd for M 512.3 million.90 words
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Article131 1991-09-14 3 KUALA LUMPUR IJM Corporation Bhd has announced that group pre-tax profit in the six months to June 30 rose 70.1 per cent to M 511.6 million, from MS6.B million previously, on a 34.6 per cent rise in turnover to M 5282.1 million from M 5209.5 million131 words
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Article92 1991-09-14 3 KUALA LUMPUR The board of Kuala Lumpur Industries Holdings Bhd is working towards the eventual listing of one or two of its subsidiaries, said its executive chairman Datuk Teong Teck Leng. The incorporation of KLIH followed a reconstruction scheme in March this year. Under92 words
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Article62 1991-09-14 3 KUALA LUMPUR South Johore Amalgamated Holdings Bhd will continue to look for opportunities for growth and diversification, although bus operations will still be the mainstay of the group's activities. In the company's latest annua! report, chairman Tan Sri Azahari Md Taib said the company should be62 words
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COMPANY BRIEFS
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58 1991-09-14 4 LOS ANGELES Congressional funding for Northrop Corp's B-2 Stealth bomber will face renewed pressure, due to the recent US Air Force test findings that it failed to meet requirements for evading radar, analysts said. The B-2's low observability to radar was its main58 words
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Article78 1991-09-14 4 LONDON Brent Walker Group pic said it has received a letter on behalf of Lonrho pic stating that Lonrho is considering making an offer for its shares and bonds, together with an offer to the Brent Walker Banks to acquire their debt. Brent Walker said the78 words
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Article50 1991-09-14 4 HONGKONG San Miguel Brewery Ltd, a listed subsidiary of San Miguel Corp of the Philippines, has declared a 1991 interim dividend for the second quarter of HK$O.O5, unchanged from last year. The company manufactures and distributes draught, bottled and canned beer for local and overseas markets.50 words
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Article77 1991-09-14 4 SYDNEY Alan Bond's bankers had every intention of calling on his personal guarantee if this were needed to satisfy a US$l94 million (*****.8 million) loan to his family company, the New South Wales Supreme Court was told on Thursday. An assistant general manager of the Hongkongßank of77 words
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360 1991-09-14 4 IHT TOKYO Applied Materials Inc, the leading US maker of semiconductor production equipment, said on Wednesday that it would enter the market for equipment used to make liquid crystal displays, an increasingly important electronics technology but one dominated by Japan. Applied MaterialsIHT - 360 words
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258 1991-09-14 4 AFP MELBOURNE Australia's biggest retailer Coles Myer reported on Thursday a flat annual net profit due to the nation's recession hampering retail trade. The company said net profit in the year to July 28 rose one per cent to As36B million (***** million)AFP - 258 words
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Article, Illustration559 1991-09-14 4 Harish Mehta - From Harish Mehta in HO Chi MINH CITY HOTEL operator Saigon Tourist has begun building a joint-venture hotel with foreign partners and is close to closing a deal to build three other hotels in line with a national plan to construct 54 hotels559 words
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Article, Illustration365 1991-09-14 4 Pharmaceuticals group registers 9pc rise in pre-tax profit Reuter LONDON Glaxo Holdings pic, the world's second largest pharmaceuticals group in sales terms, has reported a 9 per cent rise in pre-tax profit for the year ended June 30, demonstrating that new products are helpingReuter - 365 words
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508 1991-09-14 4 ColgatePalmolive to trim operations NYT NEW YORK Saying it must consolidate its far-flung international operations to keep profits strong, the Col-gate-Palmolive Co on Thursday announced it would shrink operations, or close nearly a third of its factories. The moves will eliminate 2,000 jobs in its worldwide workforce of 24,800. TheNYT - 508 words
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214 1991-09-14 4 Reuter HONGKONG A strong performance by Dairy Farm International Holdings Ltd operations in Hongkong and Britain will be offset by a recession-sparked price war in Australia, company chairman Simon Keswick said in a statement yesterday. "The good results of the group's operations inReuter - 214 words
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392 1991-09-14 4 Reuter HONGKONG Investors are waiting in suspense to find out if Jardine Matheson Holdings Ltd, a pillar of Hongkong's corporate establishment for the past century, will remain listed on the local stock exchange. Analysts say the trading giant could clear up uncertaintyReuter - 392 words
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Page 3 Advertisements
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Advertisement357 1991-09-14 3 SINGAPORE PETROLEUM COMPANY LIMITED (Incorporated in the Republic of Singapore) HALF YEAR UNAUDITED PROFIT ANNOUNCEMENT The Directors are pleased to announce the following unaudited results of the Group and the Company for the six months ended 30 June 1991: ($000s) THE GROUP THE COMPANY 1991 -1990 1991 1990 Turnover 652,819357 words
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Page 4 Advertisements
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Advertisement232 1991-09-14 4 Boulevard Hotel and Westfield Towers, Willi am Street, SvJ ne 7 I I m: I If* s flMtt 38m t jmi Si i _JBgL.i j^Hyi^w i S»j r v .fcflfll^^H i OFFERED FOR SALE IN ONE LINE OR CONSIDERED INDIVIDUALLY I O Landmark CBD quality hotel and office building at232 words
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FINANCIAL NEWS
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Article, Illustration360 1991-09-14 5 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Financially troubled Babcock Prebon, which went into receivership and came under new ownership in a management buyout agreement last weekend, will now concentrate its business on money broking and financial futures. In an interview with BT yesterday,360 words
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167 1991-09-14 5 Reuter LOS ANGELES First Interstate Bancorp said it will incur a US$9O million (S$ 153 million) restructuring charge in the third quarter, which ends on Sep 30, and report a loss of about US$2OO million, or U553.35 a share, for the period. 1 ItReuter - 167 words
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340 1991-09-14 5 Agency set up to bail out S L running out of money AP WASHINGTON The Bush administration said on Thursday that the Savings and I>oan bailout will run out of money by the end of October, but some lawmakers balked at doubling the taxpayer cost of the programme to US$l6OAP - 340 words
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Article, Illustration556 1991-09-14 5 The DBS Bank weekly currency review US$/DM: Bearish picture tempered As expected, the US dollar broke out of the trading range of 1.7250 to 1.7620 marks last Friday. Selling continued this week, with a close below 1.7000 on Monday completing the formation of a556 words
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401 1991-09-14 5 MBT KUALA LUMPUR The credit and chargc cards industry is expected to undergo major changes by the end of the year. These will likely involve regulations on accessibility, extension of credit lines and tighter procedures on fraud control and doubtful accounts. Deputy FinanceMBT - 401 words
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493 1991-09-14 5 The BCCI collapse Agencies LONDON The British staff of Bank of Credit and Commerce International and its Abu Dhabi shareholders have each begun work to try to relaunch the local operation that regulators closed down amid broader allegations of major fraud. RuniAgencies - 493 words
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SMALL CHANGE
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71 1991-09-14 5 TOKYO An advisory council to the Prime Minister has given up its attempt to seek the formation of an independent and powerful watchdog agency to oversee Japan's troubled securities and banking industries. The council on Wednesday conceded to the wishes of the Ministry of71 words
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Article112 1991-09-14 5 MEXICO CITY Mexico has scrapped a reserve requirement forcing banks to keep 30 per cent of their assets on deposit in government securities or cash at the central bank. The move, announced in a statement from the Banco de Mexico, was seen as a response to112 words
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90 1991-09-14 5 CHICAGO First of America Bank Corp chairman Dan Smith said the bank's acquisition of Security Bancorp Inc would dilute its earnings in the year following the transaction. He told reporters that earnings could be reduced by up to 6.4 per cent in the first90 words
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Article83 1991-09-14 5 AMSTERDAM An absence of winter storms early this year ensured a rise in first half net profits for Dutch-Belgian insurance group Fortis, analysts said, and the 10.9 per cent increase matched expectations. Fortis, formed in December 1990 when Dutch NV Amev AMEV AS and Belgian Cie83 words
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Article124 1991-09-14 5 NEW YORK Sun Trust Banks Inc does not see itself as an aggressive stalker of other banks even as a new merger frenzy overtakes the US and as it mulls a bid for ailing Southeast Banking Corp, chief financial officer John Spiegel said. "We are124 words
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343 1991-09-14 5 AP WASHINGTON A New York Stock Exchange official told a Senate panel on Thursday that uncovering wrongdoing by a large member firm such as Salomon Brothers in the lightly-regulated government securities markets "would be extraordinarily lucky". In testimony before a SenateAP - 343 words
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Page 5 Advertisements
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Advertisement91 1991-09-14 5 ————j K FTTm INGUN PRUFMITTELBAU j GMBH CO. iax Stromeyer Strabe 162, 11 D 7750 Konstanz Germany. Tel .-075 31/***** Fax 075 31/***** Manufacturer of Test Probes and Test Fixture is pleased to officially announce our Far East Exclusive Distributor/Stocking Agent. WILSON-ENGINEERING mW (S) PTE LTD vr Blk 34 #02-2291 words
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THE REGION
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NOTE BOOK
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77 1991-09-14 6 BANGKOK The Bank of Thailand has sent letters to all financial institutes instructing them not to lend money to development projects that could pose a threat to mangroves. Central bank spokesman Pisit Leek-Atham said yesterday that the instruction was in line with the77 words
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Article64 1991-09-14 6 JAKARTA Indonesia and Malaysia signed an agreement on Thursday on avoidance of double taxation, a move that should encourage mutual investment. Indonesian Finance Minister Johannes Sumarlin and Malaysian Finance Minister Anwar Ibrahim signed the agreement at the Finance Ministry. At the signing, Mr Sumarlin invited Malaysians to64 words
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Article69 1991-09-14 6 WASHINGTON The people of Guam would welcome a transfer of some of the facilities from the giant Subic Bay Naval Base in the Philippines but want to be consulted. A spokesman for Guam Representative Ben Blaz said yesterday: "People on Guam (a self-governing US Pacific69 words
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Article67 1991-09-14 6 BANGKOK A team of Thai government officials left for Phnom Penh on Thursday to continue preparations for the re-establishment of a diplomatic mission in Cambodia after a 16-year break in relations between the two neighbours. A foreign ministry official said the team, which will return to67 words
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Article110 1991-09-14 6 BANGKOK Laos's impoverished population of four million faces a significant food shortage this year after floods, drought and insects damaged nearly a quarter of the arable land. The country's KPL news agency yesterday quoted reports reaching the Ministry of Agriculture and Forestry as saying that 92,955110 words
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Article83 1991-09-14 6 RIYADH The Saudi-based Islamic Development Bank has granted U*****,558 million in loans for projects and trade in 11 member countries, including Indonesia and Pakistan. According to an IDB statement on Thursday, Indonesia will receive US$lO million for the construction of a hospital and a further US$B83 words
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Article, Illustration458 1991-09-14 6 Harish Mehta - Saigon Export Processing Zone will be ready next year From Harish Mehta in HO CHI MINH CITY SINGAPORE manufacturing companies are keen to set up plants in Vietnam's first duty-free haven for foreign companies which promises more liberal rules than the current law458 words
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402 1991-09-14 6 Salil Tripathi - By Salil Tripathi SINGAPORE The Australian property market might have bottomed out, a leading real-estate consultant said yesterday. Dr Seek Ngee Huat, research and consultancy director of Jones Lang Wootton Australia, said market sentiment in Australia indicated recovery could begin within402 words
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132 1991-09-14 6 Reuter JAKARTA Indonesia's cigarette producers have denied smuggling in cloves for their spicy cigarettes to undermine a clove trading monopoly. "That is not true. It's impossible. No one would dare do that," an official of the cigarette producer group Gappri said. Cloves about 80,000Reuter - 132 words
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438 1991-09-14 6 MBT KUALA LUMPUR The pace of investments to the east coast of Malaysia is gaining momentum, with Trengganu raking in the highest number of investments for the first half of this year. Although only nine projects were approved for the state during the period,MBT - 438 words
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299 1991-09-14 6 BANGKOK The Thai government has created a new set of regulations aimed at tightening the licensing of private investments worth more than two billion baht (S$ 132.6 million). According to the Bangkok Post, the new laws will be included as an299 words
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Article, Illustration22 1991-09-14 6 sv e h 4 further strengthen relations between the mo counties. here on Thurs<1 »> for *»»e wit to22 words
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Page 6 Advertisements
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Advertisement190 1991-09-14 6 INVESTING SUPPLEMENT 1991 A special Business Tines Survey October 29,1991 Bonus time is just around the corner. And many of you will be looking at the numerous options of parking your hard-earned bonus. To assist you in making that important choice, Business Times has invited local and foreign experts to190 words
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THE WORLD
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465 1991-09-14 7 Modest inflation in August may prompt easing of credit AP WASHINGTON A combir ation of bad news on econo mic growth and good news on inflation should soon pr )mpt another round of intei est rate cuts on the part ofAP - 465 words
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307 1991-09-14 7 AFP (SEOUL South Korea's (economic woes have taken Ithe limelight here since President Roh Tae Woo reprimanded his economic ministers last week for down- playing the crisis and ordered jthem to draft a rescue package. "The economic situation 1 of our countryAFP - 307 words
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Article, Illustration107 1991-09-14 7 TORONTO An unidentified man was seen using roller blades to make his way home on Thursday. Downtown Toronto was turned into a giant gridlock after transit workers went on strike early on Thursday, leaving residents going to and from work stranded. Hundreds of thousands of commuters107 words
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225 1991-09-14 7 AFP PARIS The prospects of major contracts in a rapidly expanding market are encouraging France to re-con-sider its relationship with Taiwan, despite the risk of angering China. Two major contracts are under negotiation with Taipei the construction of a 400-km high-speed railwayAFP - 225 words
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WORLD WATCH
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80 1991-09-14 7 WASHINGTON The International Monetary Fund on Thursday approved a US$635 million (SSI.OB billion) loan to help the economy of India fend off the effects of reduced exports and a cutback in funds sent home by workers from overseas. The IMF said the loan80 words
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Article54 1991-09-14 7 NEW YORK After a mainly dismal 1990, the US textile industry can look forward to some revival over the next year-and-a-half, some industry experts said. Low inventory levels, liberalised trade and low inflation will help the industry recover from recession, said Lorraine Miller, textile/apparel analyst54 words
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Article68 1991-09-14 7 TOKYO Japanese bankruptcies involving debt of over 10 million yen each rose 74.3 per cent from a year ago to 896 in August, according to a report by the Tokyo Commerce and Industry Research Co. August marked the 11th consecutive month of year-on-year increases in bankruptcies. Bankruptcies68 words
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Article91 1991-09-14 7 STOCKHOLM Swedish state-owned assets worth roughly 250 billion crowns (Ss69 billion) could be privatised if, as expected, a centre-right coalition wins tomorrow's general election. "The ambition is to privatise for around ten billion crowns per year, the same relative pace as in Britain in the 1980s,"91 words
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Article57 1991-09-14 7 PRETORIA The South African and Czechoslovak governments signed a pact in Prague on Thursday that normalises trade between the two countries, South African Trade and Industry Minister Org Marais said in a statement here. The agreement provides for immediate abolition by Czech authorities of trade57 words
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184 1991-09-14 7 AFP TAIPEI Taiwan is to liberalise imports of semi-fin-ished goods from China to help local manufacturers lower production costs and boost their competitiveness abroad, Economic Minister Vincent Siew said yesterday. A list of such goods to be allowed for imports through third countries wouldAFP - 184 words
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Article820 1991-09-14 7 Crisis in the Soviet Union West has urgent task to help Soviets adapt to modern ideas and practices IHT WASHINGTON The challenge of getting food on to bare Russian shelves and of devising effective plans for economic reform, however difficult and urgent, pales beforeIHT - 820 words
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277 1991-09-14 7 AP MOSCOW Officials of the Baltic states and the 12 remaining Soviet republics have agreed to maintain a collective defence framework and single control over the Soviet Union's nuclear arsenal, according to a newspaper report. The now-sovereign republics also recognised that they are boundAP - 277 words
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395 1991-09-14 7 Reuter BRUSSELS The European Community, staring in disbelief at a Soviet plea for US$6 billion (5510.2 billion) in urgent food aid, has given a muted cry for help from its Western partners. "The size of the (Soviet) request is such thatReuter - 395 words
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Page 7 Advertisements
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Advertisement24 1991-09-14 7 I hama photo Vk£oc!ntre I Blk 261 #03-29 Waterkx) Street, Waterloo Centre I Tel: *****29 I (Open on Sunday and Public Holidays) y fl24 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4807 1991-09-14 8 Sylvia Wong - By Sylvia Wong THE PLACEMENT of 56 million Singapore Land shares on the market dominated local trade yesterday. Brokers said its volume made up 70 per cent of the day's business. According to Hoare Govett and G K Goh, the appointed brokers for the placement, all4,807 words
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Article4088 1991-09-14 9 Main Board S Reinsurance 165 +13 +8.6% Times Pub 382 +12 +3.2% Spore Land 540 +10 +1.9% Cold Store 50« 270 +8 +3.1% Amcol 25* 176 +7 +4.1% FAN 845 +5 +0.6% Isetan 50* 570 5 +0.9% KHJC 10* 66+5 +8.2% Keppel Corpn 740 +54,088 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2242 1991-09-14 10 TOKYO STOCKS closed sharply higher yesterday with the Nikkei average ending above 23,000 for the first time in a month, in the heaviest trade since Feb 19. Brokers said prices were buoyed by renewed hopes of easier credit as the market shrugged off2,242 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration1819 1991-09-14 10 Reuter HONGKONG stocks crept higher in slim, sluggish trade yesterday, brokers said. The blue-chip Hang Seng Index finished 4.02 points higher at 3,974.12. Turnover was HK$l.O5 billion from HK5980.37 million on Thursday. "Today was pretty dull," Eugene Law, head of research atReuter - 1,819 words
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Page 10 Advertisements
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Advertisement16 1991-09-14 10 Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in BT.16 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4230 1991-09-14 11 Bernama SHARE PRICES here closed easier yesterday after Thursday's technical correction failed to hold in the absence of fresh leads, with sentiment still bearish despite better overseas markets. The KLSE Composite Index eased 4.95 points to 544.66 while the Industrial Index lost 6.81 pointsBernama - 4,230 words
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Page 11 Advertisements
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Advertisement39 1991-09-14 11 Will the Lions remain in the top division? NEW. Coach Robin Chan and manager Tay Soo Wan NEWS, have a final word for the players as NEWSY Singapore meets Penang in the first-leg play-off tonight at the City Stadium.39 words
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REGIONAL STOCK MARKETS
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Australian stocks end lower in dull trade
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Article788 1991-09-14 12 AUSTRALIAN shares drifted within a tight range yesterday to end the day slightly lower in featureless trade. Brokers said the current reporting season, a strengthening Australian dollar and Thursday's hectic trade after the Commonwealth Bank float, had pushed investors into the wings. "It was pretty quiet across the board788 words
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Article320 1991-09-14 12 NEW ZEALAND shares ended slightly higher yesterday, despite continued selling in Fletcher Challenge, after another mixed day's trade. Fletcher ended the day three NZ cents down at NZ53.49 after losing 10 cents on Thursday. Recent re-ratings by analysts of FCL's expected profitability for the 1991/92 year may have320 words
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Article719 1991-09-14 12 SIX NEW Thai shares which made their debut yesterday performed poorly, triggering a selling spree, brokers said. "When their prices did not climb up, investors just sold," said a broker at Phatra Thanakit Co. "Investors did not look at the new shares' fundamentals, they just speculated." Brokers had expected719 words
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Article634 1991-09-14 12 TRADING in Jakarta was quiet and the official index closed marginally higher, with only a few shares gaining, brokers said. The index was 295.30, up from 294.54. Turnover fell to 2.23 million shares from Thursday's 3.01 million. Multipolar was well traded on the big board, rising 200 rupiah to634 words
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Article490 1991-09-14 12 PHILIPPINE share prices yesterday rose for the second day in a row on bargain-hunting, brokers said. The Manila Stock Exchange compos- ite index closed 16.56 points higher at 918.58. The Manila market posted its biggest single-day plunge this year on Wednesday, falling 5.4 per cent from the previous day's490 words
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Article477 1991-09-14 12 TAIWAN share prices dropped sharply across the board yesterday as selling emerged after the index fell below 4,600 points. Dealers said the market would remain bearish in the near term. The weighted index lost 118.55 points or 2.5 per cent to close at 4,544.47 from Thursday's 4,663.02 close. Turnover477 words
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Article798 1991-09-14 12 CASH FLOW problems continued to depress sentiment and Seoul stocks slumped in thin rumour-ridden trade yesterday, brokers said. The composite stock index closed 2.46 lower at 680.85 on turnover of 153 billion won against 184 billion on Thursday. "Rumours of defaults by small companies lingered in the market from798 words
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Article85 1991-09-14 12 INDICES TURNOVER Close Previous Sep 13 AUSTRALIA All Ordinaries Index 1567.8 1,569.1 -1.3 All Industrials Index 2412.1 2.413.1 -1.0 All Resources Index 920.6 922.1 -1.5 Turnover (million) 104.5 95.1 +9.4 BANGKOK SET Index 715.57 722.55 -6.98 Turnover (billion baht) 2.99 2.44 +0.55 JAKARTA Composite Index 295.30 294.54 +0.76 MANILA Composite85 words
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907 1991-09-14 12 Page 12 Business Times w St REGIONAL STOCK MARKETS A j 1* 1 1 t 1 m 1 1 Austra lisu 1 St DC 1 is em c loi m ei in I c 1 u 1 INDICES TURNOVER ably bullish with local and international907 words
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Page 12 Advertisements
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Advertisement16 1991-09-14 12 The report for Bombay was not available Managers must manage. BT shows you how every Monday.16 words
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WORLD STOCK MARKETS
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US stocks end higher on hopes of rate cut
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Article196 1991-09-14 13 Sep 12 Close Previous NEW YORK Dow Jones 3007.83 2987.03 +20.80 SAP 500 387.34 385.09 +2.25 Turnover (million) 160.42 148.09 +12.33 LONDON Financial Times 30 2085.0 2068.1 +16.9 FTSE 100 2641.9 2626.6 +15.3 Turnover (million) 460.6 410.3 +50.3 FRANKFURT DAX Index 1,631.32 1,628.19 +3.13 AMSTER0AM CBS Tendency Index 92.2 92.1196 words
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Article, Illustration1098 1991-09-14 13 BUYERS ON Wall Street swept back into US stocks and bonds on Thursday after a weak producer price report revived hopes for an interest rate cut. Blue chips rallied back over the 3,000 mark with a 0.7 per cent gain and the long bond yield slipped below eight1,098 words
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Article, Illustration810 1991-09-14 13 THE LONDON stock market shrugged off three days of losses and general gloom about the economy to close higher on Thursday, helped by solid results from pharmaceuticals group Glaxo and hopes of lower interest rates, dealers said. The FTSE index of 100 leading shares closed 15.3 points higher at810 words
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Article263 1991-09-14 13 DUTCH SHARES on Thursday ended a day of slow trading mixed with a firmer undertone. Higher London and Wall Street markets and easier interest rates underpinned prices but the market lacked a clear sense of direction, dealers said. The CBS Tendency Index closed 0.1 points up at 92.2 having263 words
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Article224 1991-09-14 13 GERMAN SHARES ended a quiet trading session on Thursday mostly steady, continuing the dull trading which has dominated the market for the last ten days. "The pattern at the moment is that almost ail shares are unchanged with just a few isolated movers," one trader said. Heavy casualties in224 words
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Article174 1991-09-14 13 THE PARIS BOURSE floated to a higher close on Thursday, under the influence of US data interpreted as showing continued low inflation and raising hopes that the Federal Reserve could ease credit soon. Dealers said that British and American investors, in particular, had bought this afternoon in the wake174 words
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Article259 1991-09-14 13 ITALIAN SHARES closed lower on Thursday in mostly technical trading, sliding lower following the weaker close of banking and insurance shares. Brokers said volume was broadly in line with Wednesday's thin 80 billion lira. Shares in the De Benedetti companies put in a dull performance, with Olivetti sliding for259 words
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Article97 1991-09-14 13 PRICES ON the Stockholm bourse on Thursday closed broadly up for a fourth consecutive day in active trade ahead of Sunday's election when the centre-right opposition is expected to replace the Social Democratic government. The bourse general index rose 0.96 per cent to 1,083.79 in turnover of 453 million97 words
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Article99 1991-09-14 13 BELGIAN SHARES on Thursday ended almost at the day's lowest level in extremely dull trade, failing to recover on Wall Street's strong opening, traders said. The Dow Jones industrials index broke through 3,000 at the opening but then fell back. The Bel 20 index of leading Belgian shares closed99 words
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Article255 1991-09-14 13 SWISS SHARES ended a mostly quiet seesaw-trading session on Thursday little changed, brokers said. The all-share SPI index, which traded all day long in a narrow range of 5.2 points, closed down 0.2 points at 1,108.2. The SMI blue-chip index edged up 0.5 points to 1,713.5 after earlier reaching255 words
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Article368 1991-09-14 13 SHARE PRICES in Johannesburg staged a cautious rally in thin and uncertain trading on Thursday after Wednesday's nervous sell-ofT, dealers said. World gold prices appear to have steadied since hitting five-year lows on Wednesday, but the jitters have not been fully dispelled, they said. The JSE all-gold index ended368 words
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Article303 1991-09-14 13 TORONTO STOCKS ended mixed on Thursday, but big cap stocks edged higher in the last few minutes of the session after the Canadian Imperial Bank of Commerce cut its prime rate, dealers said. But the market continues to wait for the Federal Reserve to cut its discount rate, they303 words
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Page 13 Advertisements
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Advertisement14 1991-09-14 13 Managers must manage. BT shows you how every Monday Chartpoint in BT every Saturday14 words
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CURRENCY, MONEY & FUTURES MARKETS
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1228 1991-09-14 14 REPORTS |ASK Tokyo: THE US dollar was higher against the mark and the yen on shortcovering in thin late Asia trade. Dealers said that a much-expected easing of US credit in the near future has for the most1,228 words
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Article389 1991-09-14 14 Cross rates sepia USS SS MS Dm Yen SFr AS NZS I'SS 1.7000 2.7565 1.6915 134.25 0.5795 1.4830 1.2602 1.7109 SS 0 5882 1.6215 0.9950 78.9706 0.3409 0.8724 0.7413 1.0064 MS 0.3628 0.6200 0.6136 48.7031 0.2102 0.5380 0.4572 0.6207 Dm 0.5912 1.0050 1.6296 79.37 0.3426 0.8767 0.7450389 words
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Article529 1991-09-14 14 Interbank rates s$ Bid Offer Overnight 5 1/4 5 1/2 1-month 4 7/8 5 2-month 4 15/16 5 1/16 3-month 5 5 1/8 Overnight mode: 4-7/8 L'SS Bid Offer 7 days 5 7/16 5 9/16 1 month 5 7/16 5 9/16 2 months 5 7/16 5 9/16 3529 words
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393 1991-09-14 14 Reuter NEW YORK Attractive yields, active Euro-Canadian dollar borrowing and a cautious monetary policy will help the Canadian dollar firm to 1.1300 per US despite the threat of central bank intervention, currency analysts said. "The Canadian dollar still has room to appreciate toReuter - 393 words
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254 1991-09-14 14 Reuter STOCKHOLM Foreign investors on the Stockholm bourse have started to buy options and futures on restricted shares in anticipation of a change in the Swedish law which currently bars them from ownership, dealers said. "They are buying callReuter - 254 words
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Article1147 1991-09-14 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 94.45 94.48 94.44 94.47 3050 ***** 2005 Dec 91 94.24 94.29 94.24 94.28 ***** ***** 7561 94.25 Mar 92 94.23 94.27 94.23 94.27 6634 ***** 3625 Jun 92 93.97 93.99 93.97 93.99 2005 3036 1077 Sep1,147 words
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Page 14 Advertisements
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Advertisement5 1991-09-14 14 CHARTPOINT in BT every Saturday5 words
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COMMODITIES
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471 1991-09-14 15 Reuter COONOOR, India Indian planters and exporters see both pitfalls and profits being presented by the collapse of Kremlin power over the Soviet Union, the biggest buyer of their tea, coffee and spices. "The Soviet situation poses a serious threat," said leadingReuter - 471 words
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247 1991-09-14 15 Bernama KUALA LUMPUR The dccline of natural rubber production in Malaysia to 1.292 million tonnes last year is worrying because it is the first' drastic decline in the past 30 years of its cultivation, the Rubber Research Institute (RRI) said. RRI said inBernama - 247 words
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823 1991-09-14 15 REPORT THE Malaysian crude palm oil market ended lower yesterday as operators liquidated their positions ahead of the weekend. Dealers said a private analyst had forecast a higher stock and production figure for end-August and this had put a lid on sentiment.823 words
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Article1371 1991-09-14 15 Rubber se P i3 MS (tifc hi Mw) S cents/kg Noon Close Int 1 RSS Prompt 135.50/136.50N I35.50/I36.50N Int 1 RSS Oct 91 136.50/137.00 136.50/137.00 Int 1 RSS Nov 137.75/138.25 137.7VI38.25 Int 2 RSS OP 136.25/138.25N 136.25/138.25N Int 3 RSS OP 135.25/137.25N 135.25/137.25N Int 4 RSS OP 130.75/132.75N 130.75/132.75N1,371 words
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Page 15 Advertisements
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Advertisement195 1991-09-14 15 BUSINESS TIMES TBLBPHONB: 730-5771/5772/5773 FAX: 734-4912 IN THE MATTER Of THE COMPANIES ACT CAP 50. ANO IN THE MATTER OF RG DESIGN PTE. LTD (IN VOLUNTARY LIQUIDATION) MEMBERS VOLUNTARY WINDING UP NOTICE IS HEREBY GIVEN that the creditors of the aOovenamed company, which n being voluntarily wound up, are required195 words
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Advertisement289 1991-09-14 15 IN THE MATTER OF THE COMPANIES ACT CAP 50. AND IN THE MATTER OF RG DESIGN PTE. LTD. (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the abovenamed company duly convened and held at Block 531 Upper Cross Street Hon® Lim Complex #03-56 Singapore 0105289 words
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Advertisement6 1991-09-14 15 Innovation Technology in BT every Tuesday6 words
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372 1991-09-14 16 Shoeb Kagda - By Shoeb Kagda SINGAPORE Politicians addressing mass rallies, especially in an environment as volatile as a general election, must exercise extreme caution when making religious references in their speeches, Prime Minister Goh Chok Tong said yesterday. Replying to a letter from the372 words
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405 1991-09-14 16 Reuter JAKARTA Members of Indonesia's ruling party, whom the military has screened to ensure they are ideologically suitable to run for election next year, fear the tests may be used to remove outspoken parliamentarians. "There have been lots of reports that (those) who have beenReuter - 405 words
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438 1991-09-14 16 Leslie Lopez - Move will keep Vincent Tan on his toes: analysts From Leslie Lopez in KUALA LUMPUR WITH his proposed takeover bid for the Inter-Pacific Industrial Group Bhd thwarted, Tan Sri Khoo Kay Peng of Malayan United Industries Bhd (MUI) has decided to remain a438 words
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218 1991-09-14 16 SINGAPORE Trade and investment between Singapore and Britain are running at record levels, a situation which the British High Commission is trying to boost still further. The British High Commissioner to Singapore, Gordon Duggan, said yesterday that Britain was the third largest foreign investor218 words
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203 1991-09-14 16 SINGAPORE Penang has much to learn from Singapore's estate planning, human resource development and vocational industrial training, said the state's Chief Minister, Dr Koh Tsu Koon. The northern Malaysian state is embarking on a very active programme of human resource development to ensure203 words
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212 1991-09-14 16 Reuter TAIPEI Taiwan's balance of payments chalked up a US$3.6 billion (Ss6.l billion) surplus for the first eight months of 1991 due to increased capital inflow, officials from the Central Bank of China (CBC) said yesterday. The surplus was 65 times that forReuter - 212 words
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243 1991-09-14 16 SINGAPORE The AsiaPacific strategy of Siemens Nixdorf Information Systems will not be affected by corporate losses arising from merger costs between Siemens AG and Nixdorf Computer AG, according to a company statement issued yesterday. It was responding to a Reuter report that said the243 words
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501 1991-09-14 16 AFP ANGERS, France Key players in the Uruguay Round of global trade talks began crucial discussions here yesterday as European delegation head Frans Andriessen warned that failure of the Round would be a catastrophe for the whole world. The talks between theAFP - 501 words
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535 1991-09-14 16 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR STILL smarting from the loss of US-based Caltex as a partner in its multi-billion-dollar refinery project in Malacca, Malaysia's national oil company Petronas may lose another soon. Oil industry executives say that Taiwan's Chinese Petroleum Corp (CPC),535 words
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Article, Illustration380 1991-09-14 16 AFP MANILA Filipino senators will cast their final vote on a new 10-year US military base treaty late today, even as President Corazon Aquino readies a special referendum which may reverse their expected rejection of the pact, officials said. Senate majority floor leaderAFP - 380 words
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Page 16 Advertisements
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Advertisement6 1991-09-14 16 ICHARTPOINT Every Saturday in Business Times6 words
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Advertisement6 1991-09-14 16 CHARTPOINT Every Saturday in Business Times6 words
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ExecutiveLifestyle
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Article, Illustration1531 1991-09-14 17 Susan Tsang; Jaime Ee - Rama Meyyappan, chairman of the Board of Film Censors, has been much maligned by serious movie buffs But in this rare interview, Susan Tsang and Jaime Ee discover that he is actually a closet liberal Susan Tsang and Jaime Ee FOR A LONG time, film1,531 words
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STRAWS IN THE WIND
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Article78 1991-09-14 17 HERE'S an invitation card that makes no false pretenses: On the cover of the card, it said "Madonna to perform in Chinatown. Admission by invitation only". It is an invite to a mega event the grand opening of a public relations firm. But the invitation continues: "There will78 words
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Article32 1991-09-14 17 THE Australian Property News must think Singapore is governed by the army. In a story about Singapore's financial park, it referred to the MAS as the Military Authority of Singapore.32 words
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Article78 1991-09-14 17 THE Penang Consumers Association Magazine reported that when an accident occurred in Petaling Jaya recently, two men who were at the scene simultaneously called for a tow truck and dialled 999. Guess which came first? The tow truck. It arrived at least IS minutes earlier than the police, the78 words
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Article34 1991-09-14 17 ARE toilet signs going Singlish? In a public 100 in Liang Court was this handwritten sign above the hand, dryer machine which said: '"Push One". (As opposed to automatic one, lah.)34 words
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OPINIONS
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Article, Illustration1036 1991-09-14 18 Anna Teo - A new mood allowing, within the limits of social order, greater give-and-take between the rulers and the ruled may be dawning. But some Singaporeans are still unsure how to react to new liberties, and others plainly do not welcome what could be destabilising1,036 words
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238 1991-09-14 18 Eric Lee - LETTER TO THE EDITOR Eric Lee Administrative Officer Corporate Development Division Urban Redevelopment Authority I REFER to the article "URA unveils initiatives to further promote conservation" (BT, Sep 5). Owners of conservation buildings may seek the assistance of238 words
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Article823 1991-09-14 18 Walton Morais - Walton Morais, who admits to not being a Tyson fan, says that it gives him no pleasure to witness the manner in which some people have been burning the boxer at the stake of self-righteousness because of the rape indictment Walton Morais The writer is BT's Foreign Editor823 words
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712 1991-09-14 18 A M Rosenthal - A M Rosenthal argues that in every political prison, whether it is a single jail or a whole nation, there are three sides. The dictatorship and its police, judges and wardens are one side and the prisoners are the second. The third sideNYT - 712 words
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SPORTS
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Article, Illustration568 1991-09-14 19 World Gymnastics Championships AP INDIANAPOLIS, Indiana They played the Soviet version of three-against-the world on Thursday night in the Hoosier Dome and the world lost. Grigori Misutin, Vitaly Scherbo and Valeri Liukin swept the three medals in the men's all-around finals at the World Gymnastics Championships, dominatingAP - 568 words
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253 1991-09-14 19 AP SAN JOSE, California The California Coastal Commission has put off considering Pebble Beach Co's plan to sell pricey memberships, a delay that could cause "financing problems" for the indebted Japanese-owned resort, the company president said on Thursday. Golf tycoon Minoru Isutani faces aAP - 253 words
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SIDE LINES
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99 1991-09-14 19 LONDON Duke McKenzie retained his World Boxing Organisation bantamweight title on Thursday with a unanimous decision over Mexican teenager Cesar Soto. McKenzie dominated the 12-round contest, winning by comfortable margins on each of the judge's cards. He won 117-114 on the card of German99 words
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Article61 1991-09-14 19 TORTOSA, Spain Tour of France champion Miguel Indurain won the 71st Tour of Catalonia cycling race on Thursday by finishing in the main pack in the seventh and final leg, which was won by Soviet rider Djamolidine Abdujaparov. Abdujaparov rode the last leg, a 166.2-km61 words
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Article65 1991-09-14 19 FORT WORTH, Texas Private negotiations between Martina Navratilova and former live-in companion Judy Nelson apparently broke down on Thursday when the tennis star stalked out of the room and slammed the door behind her. "There'll be no more negotiations. What there will be is court, tomorrow65 words
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Article83 1991-09-14 19 BORDEAUX, France Olivier Delaitre and Fabrice Santoro continued the French domination on Thursday by gaming the quarter-finals of the US$3OO,OOO Bordeaux Open tennis tournament. Delaitre upset second-seeded Jonas Svenssoh of Sweden, 7-6 (7-3), 6-3 while Santoro, the No 3 seed, topped Carlos Costa of Spain, 7-6 (8-6),83 words
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Article63 1991-09-14 19 SAINT-NOM-LA-BRETECHE, France Scotland's Cplin Montgomerie shot a 6-under-par 64 on Thursday for a-one-stroke lead after the first round of the Lancome Trophy. US Masters champion lan Woosnam and New Zealand's Frank Nobilo each had 65s and shared second place iit«the U*****,000 European PGA Tour event. Runner-up last-year63 words
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Article69 1991-09-14 19 MOSCOW Sports officials from all over the Soviet Union,, excluding the newly-independent Baltic republics, have pledged to field a united team for the 1992 Olympic The Tass news agency said on Thursday that the decision'icx. send a single Soviet team to Albertville and Barcelona w£s made69 words
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309 1991-09-14 19 AP HILTON HEAD ISLAND, South Carolina There was a time when the Ryder Cup was little more than a friendly competition between Americans and Europeans, says Jack Nicklaus. No more. Nicklaus said the Ryder Cup has become "a war" because of theAP - 309 words
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550 1991-09-14 19 AP COQUITLAM, British Columbia Trish Johnson sloshed through the late-after-noon rain on Thursday to a 5-under-par 67 and a share of the first-round lead in the du Maurier Classic, the LPGA's final major tournament of the year. Johnson, a Briton who splits her timeAP - 550 words
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386 1991-09-14 19 AP COAL VALLEY, Illinois Greg Norman, trying to make amends for his last showing in Illinois, fired a 6-under-par 64 on Thursday before rains suspended firstround play in the US$l million (SSI.7 million) Hardee's Golf Classic. Play was halted for 75 minutes whenAP - 386 words
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Article857 1991-09-14 19 Nirmal Ghosh - The and the glory Today's athletes earn millions and are often Hollywood-style celebrities as well. Nirmal Ghosh reports Nirmal Ghosh VETERANS like Pancho Segura may have had more on their minds than tennis as they watched Stefan Edberg blow Jim Courier away at Rushing Meadows last Sunday. Edberg's winning cheque857 words
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EPICURE
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Article794 1991-09-14 20 Quek Swee Peng - Quek Swee Peng plumps for a pleasant, quiet meal Quek Swee Peng IF SOLACE is to be sought at lunch, this is it. In the -Regent tea lounge. In the lap of luxury. Where you eat off neatly-arranged food from Limoges china; stir your tea794 words
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Article138 1991-09-14 20 A SUNDAY BRUNCH is now being served at Ristorante Bologna, Marina Mandarin. The rustic flavours of Italy include a host of antipasti: carpaccio, slices of raw beef served with olive oil, salami and pancetta, and raddichio salad. For entree, there's a choice of meat, seafood or pasta.138 words
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LIFESTYLE
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Article, Illustration813 1991-09-14 21 S N Vasuki - The Berlin Wall has crumbled and communism has been banished from the USSR. What will the likes of John Le Carre, Len Deighton and Frederick Forsyth do for a living? S N Vasuki looks at what spy thriller writers have left to write813 words
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Article, Illustration881 1991-09-14 21 N K Yong - N K Yong has found a range of wines which appear to be tailor-made for Chinese cuisine N K Yong THERE IS a very old saying in Chinese art, that nobility in the painting reflects the nobility in the painter. Fine wine881 words
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Article, Illustration250 1991-09-14 21 Sybil Holloway - Bridge By Sybil Holloway WEST led H. 5 and' declarer ducked in dummy, Easf's king winning. A switch to spades followed and South won the second round. With eight top tricks in hand, South now had to solve the club situation. Fto decided to250 words
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PURSUITS 1
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Article, Illustration1493 1991-09-14 22 Harish Mehta - Harish Mehta spends a week in Phnom Penh, where businessmen run wild signing deals that are often not honoured, unwary foreigners are sometimes pressured to part with their money, and Tiger Beer flows aplenty Harish Mehta KARL MARX Quay is in total darkness. Some people, however,1,493 words
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Article, Illustration911 1991-09-14 22 This year's Frankfurt Show sees the debut of the Peugeot 106 as well as new stars from BMW and Honda. Stuart Marshall has the details FT WHEN introduced eight years ago, the Peugeot 205 became an instant success and it is still a bestFT - 911 words
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Article, Illustration993 1991-09-14 23 Lee Han Shih - SICC members voted last Friday to throw out a package deal which the PUB the owner of the land, offered to them. What is likely to happen next? Lee Han Shih, who was at the meeting, ponders the club's future Lee Han Shih FOLLOWING an unexpected993 words
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Article, Illustration590 1991-09-14 23 Nirmal Ghosh - Visit this year's boat and aquasports show and you may end up wishing you had a keel instead of four wheels. Nirmal Ghosh reports Nirmal Ghosh AFFLUENCE, the growing pursuit of leisure and Singapore's geography are finally coming together in longpredicted enthusiasm for boating and waterbased sports. Giving590 words
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PERSONAL FINANCE & INVESTMENT 1
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DON'T QUOTE ME!
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248 1991-09-14 24 Lee Han Shih - Compiled by Lee Han Shih SEPTEMBER 16, next Monday, is a day filled with interested events. Here is a list of some of the happenings on that The 68th birthday of Senior Minister Lee Kuan Yew. C;-#The soft opening of Raffles Hotel. r248 words
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Article29 1991-09-14 24 .SJafeN IN THE latest issue of the Australian Property Review •IcjnTSingapore's move to build a financial park in Tampines: undertaken by the Military Authority of Singapore..."29 words
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Article133 1991-09-14 24 THE LATEST financial guru in America, according to the Organiser of an investment conference in New Orleans, is no Other than "the hero of Desert Storm, General H Norman Schwarzkopf, himself'. General Schwarzkopf will be the keynote speaker for Jim Blanchard's 18th Annual Investment133 words
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Article, Illustration1282 1991-09-14 24 Genevieve Cua - Diversification was a promising option for Yeo Hiap Seng in the late 1980s. But things have gone badly wrong. Genevieve Cua reports on the company's overseas businesses Genevieve Cua Yeo hiap Seng's (YHS) overseas diversification is a tale of everything gone awry. The first rumblings1,282 words
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Article, Illustration610 1991-09-14 24 Najeeb Jarhom - CHART By Najeeb Jarhom Najeeb Jarhom is the Research Manager of Fraser Roach Co INVESTORS who are wondering what is in store for them in the final quarter of 1991, may take some comfort in the emerging signs of stability during the past few610 words
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Article, Illustration855 1991-09-14 25 agdelene Ng - Some 10 years ago, a lone candidate sat for the Chartered Financial Analyst examination. Today, the scene has somewhat changed and in June this year, about 500 candidates sat for all three levels of the examination. Magdelene Ng reports agdelene Ng EORGE LEE855 words
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702 1991-09-14 25 Cher Eng Han - Stocks, bonds, gold or US$ take your pick Singapore Forex Market Committee conference Sweeping changes in the world are making financial markets erratic. What then, asks Cher Eng Han, will be the best form of investment? Cher Eng Han A NEW world financial order is emerging ~'jL A. as a702 words
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Article, Illustration636 1991-09-14 25 Quak Hiang Whai - Can Australia see the end of its economic woes soon? Dr Dan Stammer, chief economist of Bain and Co, thinks it can. Quak Hiang Whai reports Quak Hiang Whai IS THERE light at the end of the Australian tunnel? Yes, saidSource: Bain Capital Markets Ltd - 636 words
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JOBS
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Article, Illustration1030 1991-09-14 26 Dawn Tan - Big companies should have a conscience, says psychologist Caleb Schutz, —IBM's manager of corporate social programmes. He tells Dawn Tan why Dawn Tan ANGER is the emotion most likely to make a person do something positive, say^*Caleb Schutz. And he ought to know. Doing positivePhoto by Arthur Lee - 1,030 words
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345 1991-09-14 26 IT IS common these days for companies with a conscience to pledge large sums in cash, equipment and aid. But what makes them dig so deeply into their pockets. Publicity? Marketing? Civic mindedness? Or a combination of all these things? According to Caleb Schutz345 words
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Article, Illustration283 1991-09-14 26 Mr Peter Fletcher has been appointed as the Director of Channel Business Development for Informix Asia/Pacific Pte Ltd. He will be responsible for business development programmes covering all Informix's reseller channels throughout the Asia-Pacific region. Prior to joining Informix, Mr Fletcher was director of sales and professional services283 words
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Article1199 1991-09-14 27 City FHfht ETA Flight El Adelaide QF81 1820 SQ227 22C QF82 22( Amsterdam SQ19 0755 SQ24 01( KL837 1255 KL838 22^ SQ38 23c GA890 235 Auckland NZ21 1820 NZ22 19c SQ338 2030 Bahrain GF148 1000 Baflkapan GA525/ 910 1755 B Sari Begawan SQ181 1410 TG402 0831,199 words
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THE TRAVEL PAGE
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Article577 1991-09-14 27 Rene Pastor - POSTCARD FROM KOLONIA, MICRONESIA jbt w 40? Jr jir By Rene Pastor The brooding basalt ruins off this remote central Pacific island are known to modern Micronesians as Nan Madol Venice of the Pacific. Their ancestors called the mysterious structures Soun Nan-leng, the Reef of Heaven.577 words
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Article152 1991-09-14 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3452 1.3567 Canadian dollar 1.4806 1.5030 NZ dollar 0.9835 1.0015 Sterling pound 2.9243 2.9492 US dollar 1.6981 1.7031 Load dollars to 100 anits of foreign currency Austrian schilling 14.15 14.37152 words
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Article144 1991-09-14 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Tet SCP6 6 wSST"- K r Turin, Italy To,™ (Franct) Expositions Cm™ Esp«"ioni Sep 7-16 Thes&aloniki Thessaloniki Helexpo ********** Equipment 5 'J International (Greece) Thessaloniki Exhibition Fair sepsis l™e™.k>nal Barcelona. Foi* 34M23J10I SSJT* 1 2T S? C «32JM«|..144 words
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TIME OFF
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Article113 1991-09-14 28 SSO Concert Conductor Lim Wonsik. Soloist: Dong-Suk Kang (violin). A rare opportunity to hear two prominent Korean artistes together. Programme includes works by Woo Jong Kap, Mendelssohn and Brahms. Venue: Victoria Hall. Today. 8.15pm. Duo Recital SSO's leader Pavel Prantl and his wife Martina Maixnerova team up to present113 words
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Article, Illustration230 1991-09-14 28 Yasotha M - Compiled by Yasotha M Artistic Chemistry by Aldo Fregado Hans-Jorg Moning A captivating collection of Swiss Hans-Jorg Moning's and Italian Aldo Fregado's oil paintings will be exhibited. Hans-Jorg Moning's paintings are of everyday objects with a brush technique that reflects the experiences from his travels around the world. Aldo230 words
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Article, Illustration640 1991-09-14 28 Atame! Tie me up or tie me down. Doesn't really matter, I'm not doing much anyway. A loonie abducts a porn star (maybe not so loonie, he could have kidnapped a head of lettuce) and tries to convince her that there's more to a rope than skipping with it.640 words
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Advertisement130 1991-09-14 17 Jshare^ANJ I The estates/ way of turning shares into fj I |IHONG LEONG FINANCE LIMITED SINQAPOftE FINANCE UMTEOII I *****33 *****33 I t "I WANT YOU TO RIDE FOR ME A T ROYAL ASCOT." A K I mW OMEGA. The watch that records the world's significant moments. o Sl At130 words
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Advertisement26 1991-09-14 18 BT welcomes letters from you. Address them to: The Editor, Business Times, Times House, 390 Kim Seng Road, S'pore 0923. Letters should include your contact numbers.26 words
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Page 18 Miscellaneous
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Miscellaneous46 1991-09-14 18 POONESBURY by garry trudeau SON,nMNKfFSVM£ W THAT* 11l 11 SON I MUST SO/ FOR WJANPME TO HAVE WCOM&A CHIU? VTV I 1 iSfASsWW I A UTTIS TALK ABOUT \tUHtiN HBHteTOTAKB RESPOND- ■Z t IzFffiA I I <£££& 6KXUN6UP... ImmfVRHKSeifjMCNHe Sofntlk a TW**R fP2£ lILIW/ I SJSf2 j46 words
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Miscellaneous10 1991-09-14 18 R if 1 1/ s a. 5^ m > d W-10 words
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Page 20 Advertisements
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Advertisement175 1991-09-14 20 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE. DINE PRINCESS gv gj* eP <lEI®AeE 'life ...now on Fridays and Saturdays From now on, our Chinese Porridge Buffet will be served only on Fridays and Saturdays from 10.30pm to 3.30 am but at the175 words
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Advertisement303 1991-09-14 20 lii PLUM'S llUllllll A TASTE OF KELANTAN AT THE HYATT Plum's brings you the best of Kelantan. Make your selection from a delightful array of Kelantan fare for lunch, tea and dinner. There are even handicraft demonstrations and a lucky draw with trips to Kelantan plus complimentary accommodation to be303 words
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Advertisement194 1991-09-14 20 Why worry about breakfast or lunch on I Childr6n*S a lazy Sunday morning? Come down a r brunch with your whoie family and Activities at feast on a delectable spread of hot Fun/TSampc dishes, soups, appetizers and rUllAjameS desserts, all prepared to N Corner! C/l please discerning palates If JI194 words
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Advertisement282 1991-09-14 20 The GEORGE ft ROBERT All Stars Quartet jazz group at the Kasbah jy The gjartet, formed by Swiss saxophonist Qeorga Roberi 10 commemorate Ihe 700 th snnlvorsary ot tt»• rl»na or» a tour around the world, comprises four ntusioaWs george Robert (saxophone, clarinet i SitV a"Momp9»er), Edgardo "Dado" Moroni (piano).282 words
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Page 21 Advertisements
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Advertisement138 1991-09-14 21 AND ENTERTAIN A scrumptious buffet selection for-the adults. Cartoons and toys for the kids. Eveiy Sunday. 11 am to 2.30 pm. Adults $31 Kids $19+ For reservations, ANA HOTEL pte«« call 732-1222 ext 1582/1597. Telephone (65) 732 1222 Top CANTO Pop Sing and dance to sizzling top jp Cantonese hits138 words
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Advertisement155 1991-09-14 21 I :t| 1 -I L ~~TT f\ Krvnch Violin Sumlu j IMhwi SahM-.Natat lUicl PmtldK U»(.M Kjm*. \Wfa I*l ml Urw>«*. Haa Z, IJJ r w V \J V/ \J \J French VUi Sommtm t 3 8.*****6 NAXOS Compact Discs M Superb performances and sound at a very modest price!155 words
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Page 23 Advertisements
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Advertisement74 1991-09-14 23 ftUetfW j A HI.I ESIAN'A RFI MO.V captured live in the 3 studio and packed with a double-dose fun. excitement, and surprise. Their last outing garnered both a #1 Ja/z S Q Record and a Jazz Granum nomination. And j Bluesimui 1 riangle i> still selling stroni»l\ a year later74 words
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Page 24 Advertisements
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Advertisement473 1991-09-14 24 JOIN HWIN! BT Investment Race Contest #6 pT\ (Held in conjunccian with DBS Charity Investment Race) Now you can put your skills to work. Complete the Entry Form below, fill in your Investment Portfolio, and together with your $100,000 worth of Money Coupons (which you would have already collected from473 words
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Page 25 Advertisements
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Advertisement211 1991-09-14 25 Quick and Easy. Get instant cash for your shares over the counter at any of our 28 branches Scripless Counters are also acceptable Loans from $2,000 to $100,000 Borrow for one, two or three months Use the loan for any purpose No monthly repayments. Return the amount borrowed at the211 words
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Page 26 Advertisements
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Advertisement293 1991-09-14 26 BUSINESS T I M E S TELEPHONE: 730-5771 5772/5773 FAX: 734-4982 Assistant General The Marketing Division of Singapore Press Holdings, the leading publisher of newspapers I mfl B and periodicals in South East Asia, XT MJLMJL has a vacancy for Assistant General Manager (Sales). f This is a senior sales293 words
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Advertisement181 1991-09-14 26 Advertisement NOMINATIONS OPEN FOR 1991 SINGAPORE BUSINESS AWARDS DHL Worldwide Express notable contribution to corporate their own businesses or manand Business Times have management and business agers of subsidiaries or divisions launched the prestigious 1991 achievement in Singapore. of large local or multinational Singapore Business Awards. The search is also181 words
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Page 27 Advertisements
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Advertisement38 1991-09-14 27 it comes to to Munich, no other airline comes Klaus to Finnair. Because Finnair flies twice-weekly from Singapore direct to Helsinki then onto over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish.38 words
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Advertisement30 1991-09-14 27 iTPffTTTTI H| JUST CALL; 737-1166 Make the connection through The Straits Tiroes Classified when liking lor bargains or looking for <3' /r .AJ customers. Just give us CJLTA 737-11 M30 words
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Advertisement50 1991-09-14 27 Survival Kit We've sharpened our image and focus to help you tame your corner of the concrete jungle. A sleeker Singapore Business now gives you even better coverage of how companies in the Republic and beyond are stalking the opportunities of the *****. Singapore Business You can count on it50 words
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Page 27 Miscellaneous
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Miscellaneous162 1991-09-14 27 24 Greek character against i r r Italian wine (7) unfortunately Al perished 23 Duck traps one of us in 25 No place to relax one's leg gufde'TlO)' 5 aS 3 the corner (4) 26 Backer's unprogressive 7 Spy involved in the selling vrcTcenAvc cm iitiam move? (10,4) of umbrellas162 words
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Miscellaneous170 1991-09-14 27 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 17/11 Windy Bangkok 32/24 Showers Beijing 27/17 Sunny Brunei 30/23 Showers Hongkong 32/25 Showers Jakarta 32/23 Fair Kuala Lumpur 32/24 Showers Manila— 31/25 Showers Melbourne.— 18/05 Sunny Perth 17/08 Sunny Seoul 24/17 Cloudy Sydney 20/06 Sunny Taipei 33/27 Fair Tokyo 29/24 Fair Wellington 16/12170 words
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Miscellaneous38 1991-09-14 27 DEAR SLAVES, I) JONES SUCCESS 1 success' jARTf NVGMT I CAfOg. FIRST N| Aos*c*t*D Faoro Me.6RiSTDu)/ "fwe. KNcnteD HAnt>KegCHIEF J <N U)INtCiXB£ACM... J y— Con#trmoN.;^™=7^ c O) 1 J JM y£~~PZT\ ■asTr .aa?" tVPWIB ITOMXW)CO LTD. HM-11t1 SSIO38 words
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Page 28 Miscellaneous
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Miscellaneous1804 1991-09-14 28 TODAY'S TV money a 55 HUBiH KKf 1100 Under the Umbrella Tree. 11.35 Close. s—uW?*. m 11.30 TV Pendkflkan. Opera Jakarta, 3pm, SBC 5 Wildlife Tales: The Feline Con- 12.00 NN Newt (M). A successful boxer in Jakarta nection, 12pm, SBC 5 SBCS 12.15 PM Kuiz Kwugaraan (Sameets a woman1,804 words
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Miscellaneous553 1991-09-14 28 MOVIES ON TV M something terribly wrong SRCl2*' pm about a girls' home, especially when they keep dying. She A modern farming family decides to crack the case to finds the government more ma ice sure that there's somedangerous than Red Indians thj more sinister to the when the former553 words
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