The Business Times, 19 October 1991

Microfilm: NL17722
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    15 1 Business Times MCI (P) 16/12/90 MCI (P) 16/12/90 Weekend Edition, October 19-20 1991 75* I
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  • NEWS& MARKETS
    • Article
      Dow higher
      35 1 THE New York stock market advanced slightly yesterday morning after Thursday's mild setback. The Dow Jones average of 30 industrials rose 6.48 to 3,059.48 at 1430 GMT in the first hour of trading.
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    • Article
      Footsie higher
      29 1 SHARE PRICES were steady on the London Stock Exchange yesterday morning. At 1125 GMT. the broad-based Financial Times-Stock Exchange 100-share index was up 0.4 points at 2,589.1.
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    • Article
      Baker fails to get Israeli approval for peace conference
      72 1 JERUSALEM US Secretary of State James Baker said he had failed to win Israeli approval for a Middle East peace conference during talks with Prime Minister Yitzhak Shamir. Mr Baker said his talks were over and that Israel had now to
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    • Article
      US housing starts fell 2.2 pc in September
      47 1 WASHINGTON Housing starts in the United States fell 2.2 per cent in September after rising 0.6 per cent in August, the Commerce Department announced yesterday. Experts had generally expected the number of housing starts to remain unchanged in September.
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    • Article
      Trimming rules
      37 1 SINGAPORE government departments and statutory boards are re-examining their rules and regulations. Those that are "intrusive, stifling or obsolete" are likely to be thrown out or modified, says the government's Service Improvement Unit Page 2
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    • Article
      FCC to sell condos
      28 1 FIRST CAPITAL Corporation Ltd will sell about half a billion dollars* worth of condominium units in Singapore in the next few years Page 3
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    • Article, Illustration
      STOCK INDICES
      30 1 Friday Change BT-MGA 678.91 -0.23 Kuala Lumpur ....516.60 -0.66 Tokyo 24,894.82 f 454.97 Hongkong 4,015.91 -2.52 Sydney 1,617.6 +5.1 Thursday Change New York 3,053.00 -8.72 London 2,588.7. +9.7
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    • Article
      CURRENCIES
      24 1 Exchange rates USS SS 1.6920 100 Yen SS 1.3025 MS SS 0.6162 Money market rates Overnight 4 1/8% +3/16 3-month 4 3/16 unch
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    • Article
      COMMODITIES
      38 1 London Gold AM fix US5360.25 USS2.50 Rubber S'pore Nov I4l.50*/kg unch M'sia Nov 227.50«/kg -0.50 KL Tin Turnover 52 tonnes -36 Spot MS 14.94/kg f 2 Crude palm oil Turnover 591 lots -47 Jan MS844 /tonne 2
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  • Article, Illustration
    Cerebos sells Pizzaland assets in Far East
    579 1  -  HKsB.2m sale to Jardine Matheson made to stem chain's losses By Genevieve Cua SINGAPORE Cerebos Pacific Ltd has sold its Pizzaland assets in the Far East to stem the chain's continuing losses. The sale highlights the difficulties fastfood operators face in mature markets
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  • Article
    Economist on how Asean Free Trade Area can take off faster
    267 1  -  By Kenneth James SINGAPORE The North American experience suggests that the proposed Asean Free Trade Area will take off much faster if macroeconomic policies that keep inflation down precede rather than follow trade initiatives, a senior Canadian economist said
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  • Article, Illustration
    Finance Minister sells the 'New India' in S'pore
    458 1  -  India's economic liberalisation Harish Mehta SINGAPORE A fervent pitch to market the "New India" was made yesterday by Indian Finance Minister Manmohan Singh, who also called for India's entry into the Asia-Pacific Economic Cooperation Grouping (Apcc), and invited investments from Asia's dynamic
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  • Article
    Golf membership take-up rate slows despite show of interest
    400 1  -  By Kooi Cho Teng SINGAPORE Interest in golf club membership is still high, gauging from the many enquiries received, but the take-up rate appears to have somewhat slowed from a year ago. Since its membership launch on Sep 23, latest newcomer
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      122 1 Nikon The fltorid's Fine* Photographic System. COVER The art of being a professional parent EL 1 Aircraft Schedule EL 11 Commodities 15 Company Nevus 3.4 Cryptic Crossword EL 11 Executive Jobs EL 10 futures Options 14 Interbank Fore* Rates 14 Mai a if 0 nofi\e news c KLSE 11 Money
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      Page 1 Advertisements Column 2
      14 1 OPINIONS Democracy: To each his own. EL 2 Moral of sexual harrassment EL 2
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      Page 1 Advertisements Column 3
      33 1 PURSUITS Majestic service in KL. EL 6 CD review: A Paul Simon treat. EL 6 Canada as the door to N American markets, Back Pg India to drop all trade restrictions. Back page
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      Page 1 Advertisements Column 4
      229 1 The most expensive car in its class values^^ The movement of a watch is dust, dirt and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a totally secure protection for the highest mountains, dived to centuries craftsmen have striven the precision Oyster movement. the depths of
      229 words
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      Page 1 Advertisements Column 5
      76 1 Nikon FINANCE Being contrarian about Malaysian slocks. EL 8 JOBS The smart lady they asked back. EL 10 Tee off with v% B \d° U I 1 I < I ffSiA: WHERE *re golf mtmbtrs y f ship prices headed? How do you finance your entry into the swinging dub?
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        Canadians have plan to fight Kalimantan fires
        64 2 CANADIAN SPECIALISTS have proposed a two-step plan to fight the forest fires in Kalimantan. The first stage involves an air-lift of equipment, and the second involves a series of seminars on forest fires. A Canadian team visited Indonesia recently to observe the fires.
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      • Article
        Obese training package results
        56 2 OUT OF THE 187 national servicemen who went through the first special Basic Military Training package for obese recruits, 156 are now combat-fit. says the Defence Ministry. In fact, six of them have made it to the Officer Cadet School and another 32 to the Singapore
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      • Article
        Colour street directory on sale
        63 2 THE FIRST full-colour Singapore Street Directory is available. The Survey Department of the Ministry of Law applied public feedback and suggestions to make the publication up-to-date and user-friendly. This directory includes the location of public car-parks, CBD limits and area-licensing booths, colour-coded buildings and the
        63 words
      • Article
        Leica opens $12m plant
        50 2 LEICA, the world's largest maker of microscopes and surveying instruments, opened a new plant at Teban Gardens Crescent yesterday. The opening ceremony was performed by Dr Tay Eng Soon, Senior Minister of State for Education. The two-storey factory was built at a cost of $12 million.
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      • Article
        Reforestation talk
        58 2 A LECTURE on regenerating tropical rainforests will be given in the British council Auditorium on Nov 8. Dr Adrian Marshall, senior lecturer in tropical zoology at the University of Aberdeen, will be the main speaker at the forum, which is being held in conjunction with the Malayan Nature
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      • Article
        No 15-minute parking lots
        86 2 THE 40-CENT parking coupon is not meant for 15-minute parking, says the Urban Redevelopment Authority. In a joint statement with the Housing Development Board, the URA said that since the implementation of the half-hourly block charge, many motorists had mistakenly displayed the 40-cent coupon for 15-minute
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    • Article
      Govt departments reviewing rules to improve service
      331 2  -  By Chuang Peck Ming GOVERNMENT departments and statutory boards are re-examining their rules and regulations with a view to simplifying them, says the government's Service Improvement Unit. And a Finance Ministry statement said yesterday that details of the review would be available in
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    • Article
      Guide to doing business in S'pore
      218 2  -  By Schutz Lee DOING BUSINESS in Singapore will be a little easier for foreigners who read "Importing from Singapore", a book published by the Hong-kong-based Asian Trade Media Group. The new book covers topics such as documentation processes, information on the trade and supporting
      218 words
    • Article
      So you want to redevelop your property
      211 2 INDIVIDUALS and companies who want to redevelop their properties have been asked to submit applications that conform with the type of housing that predominates in their areas. The Urban Redevelopment Authority made the request yesterday while clarifying earlier guidelines covering the sub-division of
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    • Article
      Increased HDB activity boosts building sector
      253 2  -  By Colin Tan STRONG DEMAND for public housing will help the construction sector continue its sterling performance this year. An estimated 19,837 flats will be awarded this year. This is 27 per cent more than the 15,604 Hats awarded last year and continues the
      253 words
    • Article
      NTUC Fair Price urged to go upmarket
      162 2 NTUC FAIRPRICE should help keep the prices of upmarket goods in check by going upmarket, says Senior Minister of State for Trade and Industry Lim Boon Heng. During a dialogue session with unionists last month, reported in the latest issue of NTUC News,
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      481 2 Vessel Voy No Berth Arrival Departue Vessel Voy No Berth Arrival Departue Marina Terminal 1 Jurong Port Batam Baru 898 M05 alongside 1810/2300 Armada N J8 alongside 1910/2300 Batam Sayang *****1 M05 atongstfe 18 10/2300 Bennevis 1989 J1 alongside 1910/0100 Batamtndo 1 109S M01 alongside 18 10/2359
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    • Article
      CONTAINER SCHEDULE
      1260 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From A Venture 01/235 20/0400 1 18/1500 18/1659 18/1900 3 19/0700 19/1159 19/1400 ACX Lily _16A 19/1900 1 18/1500 18/1659 18/1900 ACX Ruby 26A 20/0700 2 18/1700 19/0659 19/0900 3
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  • COMPANY NEWS 1
    • Article
      FCC to sell $500 m worth of condo units in S'pore
      511 3  -  It will develop 1,637 units for sale over the next few years By Lee Han Shih SINGAPORE First Capital Corporation Ltd will he soiling about half a billion dollars' worth of condominium units in Singapore in the next few
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    • Article
      Lock icon See Hoy Chan group launches M$ 2b township project
      396 3 MBT KUALA LUMPUR The See Hoy Chan Holdings Group launehed its Ms 2 billion (551.23 billion) Bandar Ulama Township projeet last week, unveiling the group's erown jewel. The Bandar Utama Township will be built on a massive 1,000 acres adjaeent to
      MBT  -  396 words
    • COMPANY BRIEFS
      • Article
        Winner of Bugis Junction tender
        109 3 SINGAPORE Bugis City Holdings a joint venture between Straits Steamship Land Ltd, Victoria City Pte Ltd, Glaioli Investments Pte Ltd of Indonesia and Seiyo Investment (S) Pte Ltd of Japan has awarded the foundation contract for the Bugis Junction project to Nishimatsu Lum Chang J
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      • Article
        Foreign stakes in SAE at 17.7 pc
        40 3 SINGAPORE Singapore Automotive Engineering Ltd announced yesterday that as of Oct 17, the percentage of issued ordinary capital of the company held by foreigners was about 17.789 per cent, pending adjustment upon settlement.
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      • Article
        Howe named GE Life director
        25 3 SINGAPORE Howe Yoon Chong has been appointed a director of the Great Eastern Life Assurance Co Ltd, effective Oct 17.
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      • Article
        Talam back in the black
        139 3 KUALA LUMPUR Talam Coip Bhd announced a return to profitability with a group pre-tax operating profit of M 511.94 million (about 557.35 million) for the year ended July 31, from a pre-tax operating loss of MS 1.797 million in the previous corresponding period. Releasing its
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    • Article
      Lock icon Sembawang unit clinches $93m Mobil deal
      311 3  -  By Dexter Lee Bernama SINGAPORE Sembawang Projects Engineering Co Pte Ltd (Sempec) has clinched a $93 million contract from Mobil Oil Singapore to build new storage tanks for its US$6OO million (551.02 billion) aromatics complex. The contract, which was sealed yesterday, calls for the
      Bernama  -  311 words
    • Article
      SCS shares likely to be fully subscribed
      629 3  -  Analysts' recommended bids range from 70-87 cents By Carolyn Lim SINGAPORE While there isn't exactly a stampede for Singapore Computer Systems' (SCS) shares, most analysts expect its initial public offering to be fully subscribed. The issue, the first ever under the combined fixedprice
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    • Article
      Lock icon Sungei Besi and Pilecon form quarry company
      191 3 Bernama KUALA LUMPUR Sungei Besi Mines Bhd has announced the formation of a 51 per cent-owned subsidiary, XL Quarry Sdn Bhd, with Pilecon Engineering Bhd holding the remaining stake in the newly-formed company. The company's investment in the subsidiary was made through a
      Bernama  -  191 words
    • Article
      SCK debuts with 38 sen premium
      319 3 KUALA LUMPUR Shanghai Chong Kee Bhd (SCK) made its debut on the sccond board of the Kuaia Lumpur Stock Exchange yesterday, recording its first business at M 52.25 for a premium of 30 sen, amid the languid sentiment on the local bourse. "The market
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    • Article
      Lock icon Metroplex's profits surge 25pc
      208 3 MBT KUALA LUMPUR Metroplex has reported a 25 per eent increase in group pre-tax operating profit to M$ 16.68 million (5510.28 million) in the six months ended July 31 from M$ 13.32 million previously. This came on the back of a 26 per cent increase in
      MBT  -  208 words
    • COMPANY BRIEFS
      • Article
        Lower last quarter earnings for Apple
        149 4 SAN FRANCISCO Apple Computer Ine posted lower quarterly earnings on Thursday but said its strategy of becoming a bigger player in the cut-throat computer industry was working. Profits fell to US$Bl.2 million (*****.2 million) in the latest quarter from US$9B.5 million a year ago.
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      • Article
        Digital Equipment profits up 9pc
        108 4 MAYNARD, Massachusetts Digital Equipment Corp, the third-largest US computer company, said on Thursday that its earnings rose 9 per cent in its first fiscal quarter, aided by strong service revenue and tight cost controls. The company said its earnings in the quarter that ended Sept
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      • Article
        Toyota-IBM-Toshiba joint firm
        101 4 TOKYO Japan's top automaker Toyota Motor Corp plans to establish a joint computer software company in Nagoya, central Japan, with IBM Japan and Toshiba Corp, Toyota sources said on Friday. The joint company to be established by the end of this month will be capitalised at 700
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      • Article
        NZ publisher sees '92 profit rise
        89 4 WELLINGTON New Zealand's biggest newspaper publisher Independent Newspapers Ltd said on Friday it expected profits to rise in 1992 but was braced for continued tough trading conditions. "Anyone who's planning otherwise is out of their minds," INL managing director Mike Robson said after the
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      • Article
        Colgate-Palmolive results
        60 4 NEW YORK Colgate-Palmolive Co, which reported a U*****.6 million (*****.8 million) loss for the third quarter after a $243 million charge, said it was pleased with the results despite weakness in its European operations. "Colgate had an excellent third quarter, particularly so with much of the developed world
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    • Article, Illustration
      Lock icon Response to sale of 101 state enterprises good: Pakistan
      381 4 Reuter ISLAMABAD Pakistani authorities said on Thursday they had received 235 offers for 101 state enterprises offered for sale in a massive privatisation programme and called the response excellent. The chairman of the government's Privatisation Commission, Saeed Qadir, told reporters it
      Reuter  -  381 words
    • Article
      Lock icon Lasmo launches hostile £1.16b bid for Ultramar
      457 4 FT LONDON A battle loomed in the North Sea on Thursday as Lasmo, the British independent oil exploration and production company, launched a hostile £1.16 billion (553.36 billion) bid for Ultramar, the struggling diversified UK-based oil group with interests in North America. A
      FT  -  457 words
    • Article
      Lock icon Fujisankei joins Hollywood bandwagon
      522 4 Firm to set up production company, manage movie-making NYT LOS ANGELES The Fujisankei Communications Group said on Thursday that it would follow other large Japanese companies into the movie business, but with a twist. Fujisankei, which owns Japan's highest-rated television network and publishes newspapers, books and
      NYT  -  522 words
    • Article
      Lock icon New rules won't boost Jakarta bourse: analysts
      202 4 Reuter JAKARIA New rules to protect investors in the Jakarta stock exchange will not change bearish sentiment in the near future since the market is more in need of fresh money than regulations, traders and analysts said. "Any good rule will always be
      Reuter  -  202 words
    • Article, Illustration
      Lock icon UK's Amstrad joins forces with HK's Tomei
      503 4 IHT HONGKONG Amstrad pic, the British-based con-sumer-electronics giant, joined forces with the Hong-kong-based manufacturer Tomei International on Thursday to form a jointventure company that will put Amstrad back into the audio-equipment market after several years' hiatus. The new company, Amstrad Tomei BVI, will
      IHT  -  503 words
    • Article
      Lock icon AT&T to slash workforce by 14,000
      360 4 FT NEW YORK American Telephone Telegraph Co is to cut around 14,000 jobs, about 4 per cent of its workforce over the next 27 months, as part of a major restructuring which led on Thursday to US$4 billion (SS6.B billion) of charges against its
      FT  -  360 words
    • Article
      Lock icon Rise in US brokerage stocks sparks fears
      498 4 Sign of market nearing its peak, say analysts NYT NEW YORK After almost five years of recession, life appears to be returning to Wall Street. The flood of job cutbacks has slowed to a trickle. Bouncing ofT one of their worst years ever,
      NYT  -  498 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      182 3 INVESTING SUPPLEMENT 1991 A special Business Times 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 to
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      166 4 n sirm What's Your Dream? "Getting Around To lt M is a book about "Getting Around To It" is available by the true experiences of four people who got mail order for 5516.90 (inclusive of postage around to it and succeeded with their for Singapore and Malaysia).. Send your dreams.
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  • FINANCIAL NEWS
    • Article
      More Japanese regional banks coming to S'pore
      428 5  -  They are the third tier, after Japan's leading eity and trust banks By Quak Hiang Whai SINGAPORK Japanese regional banks are setting up bases here to tap the emerging Asean economics and growing Japanese economic interest here. In the next tew weeks, two
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    • Article
      Lock icon Nomura rapped for breaking law
      371 5 AP TOKYO The Fair Trade Commission has issued an unprecedented remonstration against Nomura Securities Co for an anti-monopoly law violation, the latest in a series of penalties for the brokerage giant. A commission investigation showed that Nomura violated a statute forbidding financial institutions from controlling
      AP  -  371 words
    • Article
      Lock icon Losses of Lloyd's members may double estimated figure
      276 5 FT LONDON More than 1,000 members of the Lloyd's of London insurance market face losses of £90 million (*****.7 million), double earlier estimates after the series of recent weather disasters. The extent of the losses, which emerged on Thursday, raises fears that
      FT  -  276 words
    • Article
      Lock icon Aussie outlook unclear: Commonwealth Bank
      253 5 Reuter SYDNEY Commonwealth Bank of Australia said a weak economy and depressed prices for some key Australian exports are expected to limit opportunities during the coming year and intensify competition among banks for quality lending. "This enhanced competition, together with continued migration of bank deposits
      Reuter  -  253 words
    • Article
      Lock icon Norway announces emergency package for banking system
      304 5 FT OSLO The Norwegian government on Thursday announced details of an emergency package for the country's banking system. The principal points in the relief plan are an injection of 11.5 billion Norwegian kroner (*****.8 billion) to strengthen the sector and the implementation of
      FT  -  304 words
    • Article
      Lock icon Bank America's third-quarter profits up slightly
      462 5 Reuter SAN FRANCISCO BankAmerica Corp. the nation's second biggest bank group, on Thursday reported a modest rise in third-quarter profits, joining the list of banks reporting better results. It also said that it expects to set aside a US$9OO million (S$ 1,530 million) reserve
      Reuter  -  462 words
    • Article, Illustration
      Caution prevails in dollar trading
      448 5 DBS weekly currency review USD/DMK: Cautiously Bullish Although the US dollar started on a firm note on Monday, it only managed to reaeh a high of 1.7137 marks before trading lower each day to reaeh 1.6925 yesterday morning. The outlook for the US dollar, however,
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    • SMALL CHANGE
      • Article
        Amex delays complying with Bank of Korea order
        125 5 SEOUL The US-based credit card company American Express said on Thursday it had delayed complying with a Bank of Korea order to turn over records in a check of South Koreans' tourist spending overseas. The spokeswoman for the Seoul office of American
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      • Article
        Hanoi nod for 4 foreign banks
        113 5 HANOI Vietnam's state-run central bank is to authorise four foreign banks to set up branches here using foreign and local currency, the Vietnamese weekly Market and Price said on Thursday. Many foreign banks have approached the central bank for operating licences and the weekly
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      • Article
        Dhaka gets ADB report
        88 5 DHAKA The Asian Development Bank (ADB) has asked Bangladesh to grant membership of the Dhaka Stock Exchange (DSE) to foreign brokers and security houses to boost the country's stock market. The move will help the DSE get the foreign expertise it currently lacks to develop the
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      • Article
        Milken's lawyers appeal
        62 5 NEW YORK Citing his cooperation with authorities, disgraced junk bond king Michael Milken asked on Thursday to have his 10-year prison sentence reduced, but prosecuters immediately dismissed his tips as "stale." In a 31-page court document, Milken's lawyers argued that their client's information resulted in at least
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    • Article
      Lock icon Police raid London offices of BCCI associate
      388 5 Agencies LONDON British Serious Fraud Office staff and police raided offices of property and leisure group Control Securities Pic on Thursday as part of a probe into the Bank of Credit and Commerce International. an SFO spokeswoman said. Police were also searching the
      Agencies  -  388 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      81 5 Located in Johor and Malacca Interested parties kindly fax company details person to contact to Fax No: 65-*****73 No Brokers Please Do you want to communicate to the American-Canadian market? The right style is essential for acceptance and cost-efficiency. A Senior American ADV/PR Copywriter, visiting teacher, can help. Top international
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      Page 5 Advertisements Column 2
      87 5 We refer to our advertisement for Sofcom Management Consultants Re Ltd on page 9 of the Business Times on Monday, October *****1 and wish to apologise to Shearson Lehman Brothers and American Express for inadvertently holding ourselves out to be their agent. We hereby categorically confirm that we have never
      87 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Economic ties key to Asia-Pac peace: US
        75 6 KUALA LUMPUR Lconomic cooperation rather than any new security arrangement holds the key to peace in the Asia-Pacific region after the end of the Cold War, a US official said on Friday. "It is our view that what is going to pull countries
        75 words
      • Article
        Central Java hit by drought
        65 6 JAKARTA The prolonged drought plaguing the Indonesian province of Central Java has forced about 3(K).(HK) people to sutler from starvation, a news report said on Thursday. Officials in Central Java said authorities began distributing rice freely to the nine districts where about 3(X),(KH) villagers suffered
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      • Article
        Polish envoy's request rejected
        83 6 BANGKOK Poland's ambassador to Ylyanmar and Thailand said on Thursday he had been denied permission to visit Yangon to deliver a letter of eongratulations to Nobel Pcaee Prize winner Aung San Suu Kyi. Mrs Suu Kyi. 46. was named winner of the 1991 Nobel Peace Prize
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      • Article
        50pc of Filipino GNP 'informal'
        86 6 MANILA The "informal" sector of the Philippine economy, which includes such unconventional jobs as prostitution, vending and smuggling, account for up to 50 per cent of the country's gross national product (GNP), an economist said here on Thursday. Ramon Quesada of the conservative think tank
        86 words
      • Article
        Don't trade in prison goods: HK
        49 6 HONGKONG Hongkong warned companies here on Thursday not to trade prison-made goods which it said is prohibited under both Chinese and US regulations. A spokesman for the trade department said such goods were liable to be detained or confiscated bv the relevant authorities.
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    • Article
      Lock icon Aussie govt expects strong recovery
      346 6 AFP CANBERRA Australia could be on its way to the strongest economic recovery since World War 11, according to Acting Prime Minister Brian Howe. A week after Prime Minister Bob Hawke said the recession was ending but the recovery weak. Mr Howe told parliament: "The
      AFP  -  346 words
    • Article, Illustration
      Lock icon Jakarta may curtail electricity supply
      305 6 Industries face power cuts if water levels in hydroelectric dams reach critical points AFP JAKARTA The Indonesian state power company PLN will curtail electricity supply to industries if the current drought continues and water levels in hydroelectric dams become critical. "I have instructed all PLN
      AFP  -  305 words
    • Article, Illustration
      Just the thing for the festive season
      49 6 TOKYO Two models holding up a 100 million yen (about SSI.3 million) diamondencrusted Christmas wreath at a diamond exhibition here on Thursday. The bell in the middle of the wreath is studded with 7,000 indmdual diamonds weighing a total of 90 carats.
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    • Article
      Thais in for a few short-term pains for some long-term gains
      348 6 BANGKOK The Thai economy is in a transitional phase and in spite of substantial grounds for medium and long-term optimism, local and foreign investors see several issues causing short-term uncertainty, according to the most recent Quarterly Economic Review issued
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    • Article
      S'pore looks south of Manila for new deals
      230 6  -  From Al 0 Labita in MANILA MEMBERS of Singapore's trade and investment mission to the Philippines, who arrive here tomorrow, will scout provinces south of Manila for possible business sites. Singapore already has interests at Batangas, about 120 km south of Manila,
      230 words
    • Article
      Lock icon Hanoi hit as US tightens dollar flow
      628 6 Panic among Viet trading firms wanting ties with outside world Reuter HANOI A crackdown by the US Treasury Department on the flow of American dollars in and out of Vietnam has triggered panic among local trading companies seeking business with the non-communist world.
      Reuter  -  628 words
    • Article
      Jakarta and CNN in satellite transmissions deal
      463 6  -  From Maggie Ford in JAKARTA VISITORS to the more remote parts of Indonesia were amazed earlier this year to see Dayak tribesman in Kalimantan on the island of Borneo watching the Gulf war action live on CNN. Nearby, no doubt, they would have
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    • Article
      Lock icon KL puts aside 40,000 ha for industry
      304 6 Bernama KULIM. Pcrak The federal government will develop about 40.000 hectares of industrial areas by the year 2000. Deputy Prime Minister Ghafar Baba said on Thursday. The industrial areas would be developed in states that were actively promoting industrial activities and needed land
      Bernama  -  304 words
    • Article
      Lock icon Malaysia to remove tariff privileges from more industries
      242 6 Bernama SHAH ALAM The Ministry of International Trade and Industry will abolish the issuance of tariff protection facilities to more industries in order to allow more goods into Malaysia. Datuk Seri Rafidah Aziz said on Thursday her ministry was intensifying the review
      Bernama  -  242 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Inflation jump sends bonds plunging
      808 7 Bush plans package to perk up sputtering economy NYT NEW YORK The government reported on Thursday that inflation took a big jump in a soft economy last month, sending the bond market into a nosedive and US President George Bush into a huddle with his
      NYT  -  808 words
    • Article, Illustration
      Lock icon Miyazawa likely to take leading role in Finance Ministry
      541 7 Reuter TOKYO For Japan's Ministry of Finance (MOF) it will be business as usual regardless of who is appointed Finance Minister in the next government in early November, MOF officials say. But the next Prime Minister may have different ideas, especially
      Reuter  -  541 words
    • Article
      Lock icon Latest data shows Canadian economy picking up
      278 7 AFP OTTAWA The Canadian economy is showing signs of improving, according to two separate sets of statistics released by the government on Thursday. After slumping in July, the nation's trade surplus picked up in August thanks in large part to record exports to
      AFP  -  278 words
    • Article
      Lock icon Rise in UK jobless total slower than expected
      311 7 Reuter LONDON Britain's jobles total climbed close to 2.5 mllion for the first time in thee years last month but the slower-than-expected rise amounccd on Thursday proviied some comfort for a gcvernment fighting recession. Seasonally-adjusted unempbyment rose by 35,700 in S<ptember to
      Reuter  -  311 words
    • Article
      Lock icon S Korean firms now allowed to bring in more foreign labour
      448 7 AP SEOUL President Roh Tae Woo has issued an order allowing companies to employ more foreign workers to help case a severe industrial labour shortage, officials said yesterday. Mr Roh issued the order after a meeting on Thursday with
      AP  -  448 words
    • WORLD WATCH
      • Article
        Japan must reform financial system: Mulford
        65 7 TOKYO Japan must take decisive action to reform its financial system, or face retaliatory action by the US Congress. Treasury Undersecretary David Mulford told reporters at the conclusion of one-day bilateral talks here on Thursday. "Decisive action is required, particularly in the aftermath of
        65 words
      • Article
        Taipei's forex reserves at record
        50 7 TAIPEI Taiwan's foreign exchange reserves reached a record US$77 billion (*****.28 billion), the highest in the world, at the end of September, Central Bank of China (CBC) officials said yesterday. The previous record high of U5576.74 billion was registered in late 1987, the officials said.
        50 words
      • Article
        China confident of 6pc growth
        57 7 TOKYO China's gross national product will achieve target growth of 6 per cent this year despite serious summer flooding. In an interview with the Japanese financial daily Sihon Keizai Shimbun, published yesterday, Vice-Premier Zou Jiahua was quoted as saying that reviving industrial growth and increasing
        57 words
      • Article
        German deficit worries Tokyo
        85 7 TOKYO Germany's expected large budget deficit is a major inflationary concern, an official at the Bank of Japan (BOJ) said. The official, briefing reporters on the BOJ's report on the impact of German unification, said that increased government spending to revitalise former East German areas had
        85 words
      • Article
        Seoul plans 2.5 m new homes
        91 7 SEOUL South Korea's government plans to build 2.5 million new homes during the 1992-1996 five-year socioeconomic plan. Press reports quoted Economic Planning Board officials as saying the government's target was for 81.4 per cent of the nation's homes to be owner-occupied by 1996, up
        91 words
      • Article
        North Sea rigs in trouble
        113 7 SCOTLAND Helicopters lifted 54 workers off a North Sea oil drilling platform adrift in a gale early yesterday. Another 26 oil workers remained aboard the 15,000-ton semi-submersible platform Borgny Dolphin as it drifted about 145 kilometres north-east of the Shetland Islands, the Texaco Oil Company
        113 words
    • Article, Illustration
      Not taking it lying back
      72 7 KUNASHIR, Soviet Union New reformist governor of Sekhalin province in the Soviet Far East, Valentin Fyodorov (left), basking in a natural hot spring with other visitors to this remote north Pacific island last week. Mr Fyodorov is spearheading a campaign against the transfer to Japan
      72 words
    • Article
      Lock icon China's Budget deficit seen surpassing forecast
      248 7 AFP BEIJING China will probably lose more money this year than it expected as severe financial difficulties swell the Budget deficit, an official newspaper reported. "The country's present finances are confronting big difficulties. The entire financial situation is quite serious," Finance Ministry spokesman Wang
      AFP  -  248 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Surge in Tokyo fails to move local bourse
      5125 8  -  By Chew Eng Han A STRONG SURCii: in the Tokyo stock market for the third day in a row yesterday failed to boost markets in Singapore and the region. The ST Industrials Index closed only 1.54 points higher at 1,377.98. The Nikkei
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4045 9 Main Board Asia Pacific 1020 *20 *2.0% Inchcapc 424 +10 +2.4% SIA Foreign 1990 +10 *0.5% Cilv Dcv 50* 346 +6 +1.8% Lim Kah Ngam 137 +6 +-4.6% Metro Hklgs 382 *6 *1.6% NatSteel 50« 440 6 t 1.4% C&C 520 *10% Semh Ship\ard 720
    4,045 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close higher on revived hopes of rate cut
      2224 10 Reuter TOKYO STOCKS ended sharply higher yesterday after comments by Mr Kiichi Miyazawa that he favoured giving the economy a boost revived hopes for easier credit, brokers said. Futures-linked buying and a strong yen also helped lift prices. Mr Miyazawa is
      Reuter  -  2,224 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Rate-cut rumour fails to push prices higher
      1837 10 AP SHARE PRICES on the Hongkong Stock Exchange closed mixed in light trading yesterday. Prices dipped at midday in thin trade but bargain hunting and speculation about a possible interest rate cut boosted them off the lows. "Not much is happening, there's no
      AP  -  1,837 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Rre-Budget anxiety keeps investors away
      4437 11 Bernama SHARE PRICES in Kuala Lumpur finished lower under further selling pressure and laek of buying support ahead of the weekend. Many investors were sidelined as there was little incentives to buy, dealers said, adding that preBudget cautiousness also dampened sentiment. The KLSE Composite Index
      Bernama  -  4,437 words
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      Page 11 Advertisements Column 1
      47 11 I was sexually harassed lmlQ|l|Mt^^^H AVj ivmCTo m m !?iiT*T*i^y Three Singapore women talk l¥BfiSMßy^ about their bitter experiences at work. Fgnj^Sj^H ME, T00... NY'iH» A Singapore man talks about NEW NEWS NEWSY his experience p rom un Jh-time. Monday to Saturday. m t»»e weebftnder toda y
      47 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks end higher against expectations
      • Article
        AUSTRALIA
        828 12 HIE AUSTRALIAN share market closed slightly higher yesterday, consolidating on a week of hectic trade which saw the leading index leap 4 per cent. Further gains yesterday surprised brokers, who had anticipated the market to fall in response to weaker trade in the L'nited States and several leading companies
        828 words
      • Article
        BANGKOK
        732 12 STOCK PRICES moved up slightly on the Thai stock market yesterday in thin trading with the SET Index rising 5.25 points to close at 619.34. "The market rebounded slightly after facing strong selling pressure in the first hour of trading," said Ms Amporn Ruangprasertkul, a broker from Mithai EuroPartncrs
        732 words
      • Article
        Untitled
        94 12 I«* Previous Oct IK AUSTRALIA All Ordinaries Index 1.617.6 1.612.5 f5.l All Industrials Index 2.516 7 2.502 2 114 5 All Resources Index "ill 0 W2.4 -1.4 Turnover (million) 105.9 159 -5.V2 BANGKOK SKT Index 619.34 614.08 t 5.25 Turnover (billion baht) 1.2 1.33 -0.13 JAKARTA Composite Index 233.45 236.83
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      • Article
        JAKARTA
        715 12 JAKARTA stock prices closed easier yesterday as many investors liquidated their positions to cut further losses, brokers said. The index fell to 233.45 from Thursday's 236.83. Trading was fairly active, with players offering some inactive shares at low prices. Total turnover fell slightly to 1.77 million shares from two
        715 words
      • Article
        MANILA
        504 12 MANILA share prices closed slightly higher yesterday after the market dismissed as unbelievable the allegations of an American mercenary that he was hired by a Philippine minister to kill top rightist rebels and civilians, brokers said. The Manila Stock Exchange Composite Index inched up 0.57 point to settle at
        504 words
      • Article
        TAIPEI
        529 12 TAIWAN stocks closed higher yesterday on a technical rebound in reaction to the market's huge losses earlier this week, dealers said. "The market has become more rational again after its panic a few days ago," said Mr David Yu of James Capel. He said that institutions such as life
        529 words
      • Article
        Untitled
        368 12 In local current) In S$ In LSI da* >ear S da> yt«r S day year (kt 17 Index change change change change change change World 413.0 0.4 15.3 0.3 10.0 04 12.9 JEAFF. 530.7 0.4 12.9 0.6 6.7 0.7 9.5 Europe 427.0 0.2 17.1 0.3 0.8 0.3 3.5 Pacific 859.0
        368 words
      • Article
        SEOUL
        759 12 SHARE PRICES remained virtually unchanged yesterday in moderate trading on the Korea Stock Exchange. The composite index of the exchange, which gained 3.70 points to 695.76 on Thursday, added 0.77 point to close at 696.53. Advances led declines 367 to 318 among the 813 issues traded. Volume stood at
        759 words
      • Article
        NEW ZEALAND
        342 12 NEW ZEALAND shares ended a featureless session yesterday marginally softer, but some brokers said it was difficult to discern any significant trend. The NZSE-40 index fell 2.38 points to 1.466.70. Several companies such as Independent Newspapers, Fletcher Challenge and Goodman Fielder Wattie managed reasonable gains. "It's holding up
        342 words
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  • WORLD STOCK MARKETS
    • Dow retreats from record high in heavy trade
      • Article, Illustration
        NEW YORK
        1302 13 STOCK PRICFS on Wall Street closed lower in heavy trading on Thursday, pulled down from their record high by a weak bond market and bouts of prof-it-taking that had been expected following a five-session winning streak. Tfte Dow Jones Industrial Average, which surged into uncharted territory with a
        1,302 words
      • Article, Illustration
        LONDON
        808 13 LONDON shares on Thursday recovered some of their early gains to close ahead on a day dominated by a hostile £1 billion (552.89 billion) plus bid by Lasmo for fellow oil explorer Ultramar. Dealers said the market was due for a stronger rally after a firm showing on Wall
        808 words
      • Article
        Untitled
        418 13 Johannesburg Oct 17 Rand INDUSTRIALS A Alpha 4000 100 AEC'I 1050 unch AMIC 8400 unch Ahercom 125 Amaprop 800 10 BAZ 1300 Barlows 4850 unch Basil Strk 15 unch Blyvoor 600 unch CG Smith ***** unch Cnagalo 2750 -50 Curfin 650 i- 2^ t fcdgars 5950 50 Fed Volk 800
        418 words
      • Article
        AMSTERDAM
        286 13 DUTCH shares ended broadly mixed on Thursday after a session dominated by option-related activity. Market players were adjusting positions ahead of yesterday's expiry of the October series options, which made for erratic price movements. "And foreign bourses didn't give much direction either," said one dealer. The EOE Index ended
        286 words
      • Article
        PARIS
        206 13 THE PARIS bourse lost ground on Thursday, as the CAC-40 stock price index ended the session at 1,855.47 points, down by 0.43 per cent by comparison with Wednesday's close. The indicator had opened with a 0.35 per cent rise, then declined to its Wednesday evening level an hour later,
        206 words
      • Article
        STOCKHOLM
        193 13 PRICES on the Stockholm bourse closed mixed on Thursday in irregular trade pending S-E-Banken's eightmonth results, released after market close instead of at lunch time as the market had expected. "It was a jumpy market ahead of S-E-Banken's report," one dealer said. The bourse general index fell 0.24 per
        193 words
      • Article
        BRUSSELS
        189 13 A SURGE in travel and tourism stock Wagons-Lits dominated an otherwise flat trading day in Belgian shares on Thursday, with the Bel-20 index ending up only 0.17 per cent. Traders said they were disappointed the all time high on Wall Street overnight had no effect on the market Wagons-Lits
        189 words
      • Article
        TORONTO
        238 13 TORONTO stocks firmed in heavy trade on Thursday as the market held on to Tuesday's and Wednesday's sharp gains, dealers said. Investors were shifting their focus away from interest rate sensitive issues to cyclical shares, they added. The TSE-300 Composite Index rose 2.6 points to 3,466.6. Advancing issues led
        238 words
      • Article
        FRANKFURT
        211 13 THE FRANKFURT stock market was weak on Thursday, and the DAX spot trend index ended the session at 1,564.51 points, down by 0.36 per cent from Wednesday's close, while the Commerzbank indicator lost 23.10 points to end at 1,802.20. Operators said the Frankfurt market was continuing its consolidation in
        211 words
      • Article
        MILAN
        133 13 ITALIAN stocks climbed across the board on Thursday as floor traders went back to work after a four-day strike, but brokers said the buying was largely speculative on the first day of the November account. "After four days of strikes and Wall Street's record, short covering was expected," one
        133 words
      • Article
        ZURICH
        243 13 AFTER a firmer opening, spurred by Wall Street's new record close and busy trade in chemical stocks, dealings slowed down and Swiss shares closed just a touch firmer on Thursday. The SPI All-share Index rose 2.2 points to 1,090.8, down from its early high of 1,092.6. The SMI Blue-chip
        243 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Miyazawa's remarks send US$ rising against yen
      1154 14 REPORTS ASIA Tokyo: The US dollar rose against the yen in the afternoon on remarks by the former Finance Minister Kiichi Miyazawa, who is expected to become Japan's next prime minister, that the Japanese economy is in bad shape, dealers said. "The US
      1,154 words
    • Article
      INTERBANK FOREX RATES
      389 14 Cross rates Oct 18 uss SS MS Dm Yen SFr AS NZS us$ 1.6920 2.7445 1.6940 129.40 E .5819 1.4885 1.2523 1.7621 ss 0.5910 1.6220 1.0012 76.4775 0.3439 0.8797 0.7402 1.0414 MS 0.3644 0.6200 0.6272 47.1488 G .2120 0.5424 0.4563 0.6421 Dm 0.5903 0.9988 1.6201 76.39 0.3435
      389 words
    • Article
      MONEY MARKET
      531 14 Interbank rates SS Bid Offer Overnight 4 1/8 4 1/4 1-month 4 4 1/8 2-month 4 1/8 4 1/4 3-month 4 3/16 4 5/16 Overnight mode: 4 US$ WU Offer 7 days 5 5/16 5 7/16 1 month 5 1/4 5 3/8 2 months 5 3/16 5 5/16
      531 words
    • Article
      Lock icon Financial meetings leave little impact on yen
      429 14 Reuter BANGKOK Global financial leaders returning home from the World Bank/IMF meeting here must be feeling frustrated about their desire to engineer a stronger yen and a shrinking Japanese trade surplus. Comments from several European government officials expressing the desirability of a stronger
      Reuter  -  429 words
    • Article
      Lock icon Politics helps Citic's yen bond issue
      417 14 Reuter TOKYO Political considerations will help China International Trust and Investment Corp (CITIC) get better terms on its planned 15 billion yen (SSI96 million) bond issue here than it could anywhere else in the world, capital market sources said. But the difficult terms of
      Reuter  -  417 words
    • Article
      FINANCIAL FUTURES
      1130 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Dec 91 94.44 94.45 94.41 94 44 ***** ***** 4373 Mar 92 94.49 94.52 94.47 94.51 ***** ***** 3354 94.48 Jun 92 94.26 94.28 94.23 94.28 4540 6220 1871 94.23 Sep 92 93.98 93.98 93.93 93.95 3033 2119
      1,130 words
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Page thumbnail Page 15
  • Article
    Lock icon Tin producers expected to agree to deplete stocks
    392 15 Group likely to admit China as a member Reuter CANBERRA The world's major tin producers are expected to agree on more stringent depletion of tin stocks in 1992, the Executive Secretary of the Association of Tin Producing Countries, Redzwan Sumun, said in
    Reuter  -  392 words
  • Article
    Lock icon Inro expects rubber prices to recover next year
    263 15 Reuter KUALA LUMPUR The International Natural Rubber Organisation (Inro) buffer stock manager said he expects a recovery in rubber prices by mid-1992 as Western economies expand. "In the short term, outlook will remain almost unchanged," Aldo Hofmeister told reporters. "Probably by mid-1992,
    Reuter  -  263 words
  • Article
    Good buying interest pushes KL tin up 2 sen
    844 15 REPORTS THE PRICK of tin closed two sen steadier at M$ 14.94 per kg on the Kuala Lumpur Tin Market yesterday on some good buying interest from European and local buyers in early trade. Although the London Metal Exchange overnight closed
    844 words
  • Article
    PRICES
    1363 15 Rubber o« is MS (lot in bates) S ccnts/kg Noon Close Int I RSS Prompt 140 75/141.75N 140.50/141.50N Int I RSS Nov 91 141.75/142.75 141.50/142.50 Int 1 RSS Dec 140.75/141.25 140.50/141.00 Int 2 RSS OP 137.50/I39.50N I37.50/I39.50N Int 3 RSS OP 136.00/138.00N 136.00/138.00N Int 4 RSS OP 132.50/134.50N 132.50/134
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      15 15 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words
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      Page 15 Advertisements Column 2
      731 15 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 PAX: 734-4912 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Mun Hong Yew of Na 53-C Jaim Lira Tai See, Singapore 1026, have applied for a First Class Public House licence in respect of premises at M/i Takes at 241,243 A24sVictoria Street Bugis Village, Singapore
      731 words
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  • Article
    Lock icon Soviet republics sign pact as Ukraine stays out
    452 16 Reuter MOSCOW Soviet Republican leaders gathered in Moscow on Friday to sign an economic cooperation treaty. But the absence of an Ukrainian and Azerbaijan signatures will deal a blow to President Mikhail Gorbachev's plans for a new confederation. The spokesman said Azerbaijan
    Reuter  -  452 words
  • Article
    Lock icon Summit agrees to lift sanctions against South Africa
    431 16 Commonwealth Heads of Government Meeting Reuter HARARE, Zimbabwe The Commonwealth announced yesterday it would immediately begin the phased removal of sanctions against South Africa to encourage its transition to nonracial democracy. As the 50 Commonwealth leaders debated human rights at home and
    Reuter  -  431 words
  • Article, Illustration
    India to drop all trade restrictions
    491 16  -  India's economic liberalisation By Harish Mehta SINGAPORE India plans to dismantle all trade restrictions and non-tariff barriers within three years, in a determined bid to integrate with the world economy, said Commerce Minister P Chidambaram. And the government has forecast that next year its
    491 words
  • Article
    India about to clinch US$ 2.2b standby loan from IMF
    320 16 SINGAPORE India is close to clinching a US$2.2 billion (553.7 billion) standby loan from the International Monetary Fund, following a high-level meeting last week in Bangkok between Indian Finance Minister Dr Manmohan Singh and the International Monetary Fund's managing director
    320 words
  • Article
    Ken-Air wins summary judgment against DIRSB
    361 16  -  Desaru resort dispute By Dawn Tan SINGAPORE Ken-Air Travel has won a summary judgment for about $110,000 against Desaru International Resort Sdn Bhd (DIRSB), an action that could well sound the death knell for developers of the ill-fated Desaru project. The Ken Air judgement
    361 words
  • Article, Illustration
    Home is where the hut is
    72 16 HONGKONG A small group of Vietnamese boat people gathering in the rain outside their barracks at the Whitehead Detention Camp on Thursday. Most of the huts that house about 24,000 boat people at the camp have been painted with slogans visible from the air
    72 words
  • Article, Illustration
    Sheraton Towers developer offers to settle claims
    343 16  -  By Elaine Koh SINGAPORE A group of sub-contractors involved in the building of the Sheraton Towers hotel has been offered some payment after a six-year wait, paving the way for resolution of a $70 million dispute between developer Richvein Pte Ltd and main
    343 words
  • Article, Illustration
    Singapore firms urged to use Canada as door to N America
    445 16  -  By Kenneth James SINGAPORE Local companies who want to invest in North America should look at what Canada has to offer, particularly in the light of the enormous opportunities from the coming North American Free Trade Agreement (Nafta), a
    445 words
  • Article
    Lock icon US preparing to lift trade embargo against Cambodia
    292 16 AP WASHINGTON US Assistant Secretary of State Richard Solomon told a House Foreign Affairs subcommittee on Thursday that the Bush administration is preparing to lift a 16-year-old trade embargo against Cambodia. The process will begin after a comprehensive settlement for Cambodia is
    AP  -  292 words
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  • Executive Lifestyle
    • Article, Illustration
      My baby has no handphone
      1782 17  -  Susan Tsang and Jaime Ee find out how some professional couples juggle corporate climbing and diaper cleaning Susan Tsang, Jaime Ee ITS 10 pm. Do you know who your children are? Modern-day parenting just isn't what it used to be. After all, when someone said
      1,782 words
    • STRAWS IN THE WIND
      • Article
        Over and above
        90 17 A CASE OF "you say potato, I say po-tah-to." A prominent diplomat, known for the legal exactitude of his language, went to a barber in a country club one day. The barber asked if he wanted his hair over his ears. He said "yes." But when he
        90 words
      • Article
        Limited limit
        46 17 THERE IS A new parcel delivery company in town that is not only selling its parcel express service, it has defined infinity. Here's its selling point: "There is no weight limit for this service, but each piece of shipment must not be above 35kg."
        46 words
      • Article
        Frosty
        90 17 THE WAITERS at Scoops Cafe can well be credited for taking orders seriously. One family that went in at 11.10pm were served their ice-cream at 11.20 and told that the cafe was going to close at 11.30 sharp. Not only were they adamant that the family leave by closing
        90 words
    • OPINIONS
      • Article, Illustration
        To each his own
        1192 18  -  Should a 'more democratic' country preach about human rights when it cannot seem to provide its citizens with their own basic rights? Tye Kim Khiat examines the issue Tye Kim Khiat The writer is a Melbourne- based journalist who contributes to BT ASIA, take note. Australia
        1,192 words
      • Article, Illustration
        And the moral of the story is...
        707 18  -  Walton Morais recounts the Clarence Thomas affair and suggests it is a good time for corporations to act on complaints of sexual harassment Walton Morais The writer is BT's foreign editor THE American Senate's vote that sent Clarence Thomas to the Supreme Court
        707 words
      • Article
        Plaintiffs claim not disputed
        222 18  -  Lee Kam Wah I REFER to your report Case Digest: Lee Kam Wah v Associated Asian Securities (Pte) Ltd (BT. Oct 2). It was reported that my claim of $35,484.13 owed to me by the company (my deposit with them) was denied. This is not true
        222 words
      • Article
        Playing around with numbers
        153 18  -  D W Distant COMPANIES have to comply with a long list of requirements, including minimum paid-up capital and spread of shareholders, before they can get a listing. So it was with bewilderment that I read the announcement about British Malayan Trustees Ltd's plan to consolidate its
        153 words
      • Article
        Visit Korea Year is 1994
        142 18  -  Chang Seok Ryong Director Korea National Tourism Corporation WE would like to clarify two points in your Reuter article "South Korea to probe spending abroad" (BT, Oct 15): 1994 is Visit Korea Year, not 1992. The cross-checking of credit card records is just to limit
        142 words
      • Article
        Please don't keep investors in the dark
        118 18  -  Sophisticated Investor HOTEL Grand Central reported a 40 per cent drop in group profits for the first half of 1991. The drop for the Singapore operation was 30 per cent and that for the Malaysia operation 42 per cent. The announcement offers no
        118 words
      • Article
        Local banks concerned about claims
        256 18  -  Mrs Ong-Ang Ai Boon Director Association of Banks in Singapore PLEASE refer to the report "A T Kearney to ABS: Our study covered Asia-Pac" (BT, Sep 20) In a BT article of Aug 9, Mr A Lapuz said his conclusion that "41 per cent of
        256 words
    • SPORTS
      • Article, Illustration
        Lock icon Montgomerie relives Ryder win to beat Calcavecchia
        527 19 AP VIRGINIA WATER, England Scotsman Colin Montgomerie repeated his Ryder Cup victory over Mark Calcavecchia on Thursday, winning 5 and 4 over the 1989 British Open champion in the opening round of. the US$B5O,OOO (Ssl.4 million) World Match Play championship. At Kiawah Island.
        AP  -  527 words
      • Article, Illustration
        Lock icon The price of staying in school
        994 19 NYT SAN DIEGO Two weeks ago, Val and Becky Basica and their three tennis-playing children moved two blocks from their house of 25 years to a rental home. The move will allow their eldest daughter, Amber, a nationally ranked player, to remain in Peninsula
        NYT  -  994 words
      • Article
        Lock icon O'Meara takes the lead in Disney Classic
        263 19 AFP LAKE BUENA VISTA, Florida A bogey on the final hole was not enough to spoil the day for Mark O'Meara, who fired a six-under-par 66 and grabbed a two-shot lead after two rounds of the Walt Disney World Classic on Thursday. O'Meara.
        AFP  -  263 words
      • Article
        Lock icon Double-handed upset at US Open
        309 19 AFP NEW YORK Peter Marshall, who was told he could never become a top squash player because of his uniquely double-handed style, destroyed his second world-class opponent in succession here on Thursday to reach the semi-finals of the US Open. Marshall, a 20-year-old from England,
        AFP  -  309 words
      • SIDE LINES
        • Article
          Steve Cram coasts to victory in Sydney
          150 19 SYDNEY British world record holder Steve Cram won the inaugural men's mile through Sydney's central business district Friday with an unofficial time of three minutes 57.44 seconds. The race most of it down a gentle incline along George Street towards the Harbour was
          150 words
        • Article
          Spaniards tame Mt Dhaulagiri
          141 19 KATHMANDU The five-member Catalan Expedition of Spain has conquered the 8,167-metre Mount Dhaulagiri without the aid of artificial air, the Nepali tourism ministry announced on Thursday. "Jordi Corominas Garcia scaled the 8.167-metre-high killer peak via the north-east ridge route without using oxygen on Oct 2 at
          141 words
        • Article
          Porsche, Footwork part ways
          122 19 SUZUKA. Japan Porsche are pulling out of Formula One racing after a poor season with Japanese partner Footwork, and are axing development of their V-12 engine. The Germany carmaker announced here on Thursday that the two sides had agreed to end their Grand Prix contract after
          122 words
        • Article
          Brundle clocks best lap time
          140 19 SUZUKA, Japan Briton Martin Brundle clocked the quickest time on Friday morning in pre-qualifying for Sunday's Japanese Grand Prix. But his Brabham team mate and fellow Briton Mark Blundell failed for the first time to pre-qualify. Brundle clocked a best time of one minute and
          140 words
        • Article
          Slim chance of French win
          74 19 LYONS, France French Tennis Federation chief Philippe Chatrier reckons that France have only a "one in five" chance of beating the United States in the Davis Cup final, which starts here on Nov 29. Chatrier. who was head of the International Tennis Federation until July,
          74 words
        • Article
          Johnson on comeback trail
          90 19 READING. England Former world snooker champion Joe Johnson took a step closer to regaining his top 16 place with a 5-2 win over Australia's Warren King in the Rothmans Grand Prix here on Thursday. The 39-year-old Englishman, who suffered a heart attack last June, made breaks
          90 words
        • Article
          Tauziat moves ahead on default
          103 19 FILDERSTADT, Germany Nathalie Tauziat of France moved ahead on a default over Manon Bollegraf of the Netherlands on Thursday to advance to the quarter-finals of the U*****,000 (*****.000) WTA Women's Tennis Tournament in Filderstadt. Bollegraf was forced out of the match because of an inflamed
          103 words
    • EPICURE
      • Article, Illustration
        Harry is here
        509 20  -  The crustacean from Shanghai has arrived, reports Quek Swee Peng Quek Swee Peng YES, it is that time of the year when the Shanghai crustaceans are flown here for the culinary pleasure of Singaporeans. This time round, they are joined by their drunken cousins (also from Shanghai).
        509 words
    • LIFESTYLE
      • Article, Illustration
        Smoke gets in your eyes
        674 21  -  Jaime Ee discovers the secret behind the haze 8 Jaime Ee Here comes the haze again Swirling round my head like a gas stove leak Clogging up my pores it 's such a lousy feeling... here it comes again here it comes again (sung to
        674 words
      • Article
        Banks to play for title in one-day affair
        277 21  -  CHESS by Dexter Lee AFTER a year's break, banks in Singapore arc poised to clash again over the chess board in the quest for the Interbank Chess Tournament championship. Organised by the Singapore Chess Federation (SCF) and sponsored by United Overseas Bank,
        277 words
      • Article, Illustration
        Iceland wins Bermuda Bowl Championships
        470 21  -  BRIDGE by Sybil Holloway THE small North Atlantic island nation of Iceland defeated Poland 415-376 in the 160board final of the Bermuda Bowl Championships played in Yokohama. Iceland led all the way in their round robin matches and on the way to the finals they
        470 words
      • Article, Illustration
        DRC: Burgundy's finest
        944 21  -  WINE by N K Yong It's hard being at the top. There are always any number of people who are dying to take a erack at you for all kinds of reasons, not the least being pure and simple jealousy. And once you arc at the top,
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    • PURSUITS 1
      • Article, Illustration
        This place is a tough act to follow
        1099 22  -  Melanie Chew relishes the unrivalled exclusivity and standard of service of the Carcosa Seri Negara in Kuala Lumpur Melanie Chew THEY ARE the most imposing and luxurious homes, high on a hill, furnished to the highest comforts and enjeying the surrounds of
        1,099 words
      • Article, Illustration
        Like little bonsai trees
        732 22  -  CD REVIEW By Ringo Liew PAUL SIMON: Born at the Right Time The Best of Paul Simon When the history of rock V roll is updated 10 or 15 years from now, it should surprise no-one that Simon and Garfunkel will get more space and ink
        732 words
      • Article, Illustration
        Seventh heaven
        913 23  -  Samuel Ee finds out more about 'the most expensive car in its class' Samuel Ee Fifteen years after it introduced what was to be its most popular model ever, Japan's largest carmaker has unveiled the seventh-genera-tion Toyota Corolla. From the days when it was nothing more than a
        913 words
    • PERSONAL FINANCE & INVESTEMENT 1
      • DON'T QUOTE ME
        • Article
          A lesson on how to ring in good publicity
          309 24  -  Compiled by Lee Han Shih IN THE FIGHT to sell residential properties, when the going gets tough, the tough get innovative. A few weeks ago. we reported that Mr Ng Teng Fong's Far East Organisation had sent baskets of flowers to
          309 words
      • Article, Illustration
        Start buying KL counters mid-way between 460, 500
        572 24  -  04ART^ By Goh Hiang Fong The writer is Head of Research. Lum Chang Securities ALAYSIA's econo- my is expected to JL T'A grow at a sizzling pace this year, between 8 and 9 per cent. This will make it one pf the
        572 words
      • Article, Illustration
        What individual investors can do
        459 24  -  Malaysian stocks look like a good buy. But there are also those who now question the very basis for valuing such stocks, says Amy Balan. If you are keen on Malaysian stocks. Chew Eng Han has some suggestions Chew Eng Han Amy Balan THE Malaysian
        459 words
      • Article
        Time for bottom-fishing across the Causeway
        587 24 AFTER weeks of uninterrupted decline, the Malaysian stock market has reached a juncture where long-term investors should be thinking of picking up quality shares at relatively cheap prices. "Although the index doesn't show it. many shares are still trading below the lowest points reached
        587 words
      • Article, Illustration
        Lock icon Some charts look promising
        8 24 Charts by Pont Data
        Charts by Pont Data  -  8 words
      • Article
        Picking the right stocks
        410 24 IT is very easy to buy across the board and ride on a subsequent general market surge. But if you want to outperform the market, then stock picking is crucial. BT polled several fund managers on what they consider are the best buys based on price
        410 words
      • Article
        Warrants: premiums and gearing
        988 24 Prices as at 18.10.911 Conversion terms 1 Premium/ Expiry I I I (discount) Amount Optional" using issued t Company (mil Wrts Share Loan Con* Exer Lnstk Cash Cask Loan Gearing Date Mtin units) stock ratio price nom Stk Left value s s s I C4C Wt
        988 words
      • Article, Illustration
        Where the grass is greener
        871 25  -  With spiralling prices, it looks like golf club memberships may join the ranks of other assets such as real estate and stocks. Kooi Cho Teng reports Kooi Cho Teng Golf club memberships in Singapore have enjoyed a meteoric rise, with prices rising some 14 times
        871 words
      • Article, Illustration
        How the BT Golf Index works
        162 25 THE Business Times Golf Index, like the popularly-followed Straits Times Industrials Index, is a simple arithmetic mean. The Index is the mean of the average asking prices of seven golf clubs selected to represent both the top and bottom end of the market. They
        162 words
      • Article
        Laguna Club's investment potential
        258 25 WITH golf becoming such a hot topic in the business community, it was not surprising that a recent membership launch by Laguna National Golf and Country Club has prompted at least one local stockbroking house to assess its investment potential. J Ballas Investment Research computed the
        258 words
      • Article
        Banking on the golf craze
        471 25 MORE banks are joining the golf craze, but in a different way. In what is seen to be a highly lucrative market, banks are cashing on the popularity of golf clubs by providing financing for club membership purchases. Although most of the banks assist the
        471 words
    • JOBS
      • Article, Illustration
        Lock icon The smart lady they asked back
        1083 26  -  Joseph Rajendran meets a software entrepreneur who retired and then found she had to go take care of her 'baby' again Joseph Rajendran Talking witi Sandra Kurtzig is like having a casual chat with a next-door neighbour. She is so friendly and easy-going that
        Photo by Arthur Lee  -  1,083 words
      • Article
        Lock icon Survey finds Japanese office environments deficient
        489 26 UPI JAPANESE offices trail North American and European offices in office worker job satisfaction, participative management and in total quality management programmes, according to the 1991 Steelcase Worldwide Office Environment Index released this week. This first global survey on office environment issues includes interviews
        UPI  -  489 words
      • Article, Illustration
        EXECUTIVE MOVES
        240 26 Alain Mahillon has been appointed general manager of Hilton International Singapore and divisional director. A French national. Mr Mahillon attended law school at the Faculte de Droit. Paris, and holds various hotel administration diplomas. Kim Ong has been appointed president of Yeo Hiap SengPacific Fruit Concentrates Ltd and
        240 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1205 27 Abu Dk. Maiakl Mm tan ■M QF81 laai "sO i q GA89I 1820 SQ22 QF82 RJI8C )755 KL83J 1255 SQ38 GA89 0 0050 7 2200 2200 0030 KL837 0 2330 2350 Auckland N221 SQ338 820 NZ22 2030 1930 ■akraia Gf 148 000 B Sari Bagawan SQ181
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    • THE TRAVEL PAGE
      • Article, Illustration
        Heading for the world's summit
        525 27  -  LETTER FROM MT EVEREST By Jules Stewart FOR the jaded package tourist, now comes the ultimate travel experience the first guided climb of Mount Everest. In the autumn of 1993 Himalayan Kingdoms, an agency specialising in high adventure, will take 15 clients each willing to
        525 words
      • Article
        MONEY CHANGER RATES
        152 27 As at 3pm yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3441 1.3555 Canadian dollar 1.4837 1.5063 NZ dollar 0.9487 0.9774 Sterling pound 2.8975 2.9222 US dollar 1.6895 1.6935 Local dollars to 100 units of foreign currency Austrian schilling 14.04 14.26
        152 words
      • Article
        WORLD TRADE EXHIBITIONS
        130 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Oct 18-24 International Boulogne- Comite Des **********0 Oct 21-26 Stockholm Stockholm. Stockholsmassan ********** Exhibition of Car Billancourt Expositions De Technical Fair Sweden Ab Components. Spare Cedex. France Paris Oct 22-26 International Goteborg. Sxenska Massan ********** Parts and
        130 words
    • TIME OFF
      • Article
        THEATRE
        146 28 Dimitris Sgouros Returns World-acclaimed 21-year-old Greek pianist Dimitris Sgouros is returning to Singapore for an exclusive one-night performance at the Victoria Concert Hall. Programme includes the superb works of Beethoven, Chopin and Liszt. Venue: Victoria Concert Hall. Oct 22. Bpm. Chamber Concert Programme includes performances by Lim Chin Tiong
        146 words
      • Article, Illustration
        EXHIBITIONS
        204 28  -  C ompiled by Yasotka M The Spirit of Han An exhibition on Han Dynasty (200 BC to 220 AD) ceramics will be on display. The Spirit of Han, a book published in conjunction with the exhibition will also be available. It features more than 200 colour plates that illustrate
        204 words
    • Article, Illustration
      CINEMA
      529 28 Communion. This is about an over-aged Elliott and his not-so-cute ET in this supposedly true tale about visits from unknown planets. Christopher Walken goes "nanoo nanoo" in this one. Orchard 11; 1.30; 4; 6.45; 9.15. Hamlet. Well, Mel Gibson couldn't play Romeo so he might as well be a
      529 words
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      Page 17 Advertisements Column 1
      132 17 I- r" Q A L L I «w1KK^iu1ib^IIB H V' fg^aX QUO tW WOt 9 l CI k FJ MK|ft#HiniWiHB "I WANT YOU TO RIDE FOR ME AT ROYAL ASCOT gL JBMLw <eBL J& 4 MMf V Js^ OMEGA. The watch that records the world's significant moments. \r JS& At
      132 words
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      Page 19 Advertisements Column 1
      370 19 round you also be eligible Lucky Draw. one of designated coloured Hole on Nov 26th 1991 will win a fantastic Porsche 911 Yes. there's $1 Million to he won if you score a Hole- Turbo worth $600,000. The winner also gets to donate in-One. The Courvoisier FCN SI Million Hole-in-
      370 words
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      Page 20 Advertisements Column 1
      188 20 WHERE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE V PRINCESS I £v gt 'Wltglt •••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 the
      188 words
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      Page 20 Advertisements Column 2
      332 20 I PETE'S PLACE BECOMES 18 AS HYATT GOES 20 Pete's Place celebrates turning 18 in her usual style of fun and revelry. With waiters rendering opera excerpts, flying bricks and the introduction of a total novel art pasta art, not to mention an irresistible menu specially prepared for this occasion,
      332 words
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      Page 20 Advertisements Column 3
      310 20 -vW Why worry about breakfast or lunch on Children's a lazy Sunday morning? Come down for brunch with your whole family and r Act IVIII eS 3t feast on a delectable spread of hot f Fnnr.amoc dishes, soups, appetizers and run/vjames desserts, all prepared to Comer! (/I p,eaS< discerning palates.
      310 words
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      Page 20 Advertisements Column 4
      204 20 1 A A ■y^H v 0M That's our prediction for you when you step into the Kasbah as live bands take you down memory lane with golden hits and evergreens. Eveiy night is nostalgia night You'll be mesmerized W*4ArjM 9pm 2+m 9W9 can sing and swing with Karaoke spm to
      204 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      141 21 AND ENTERTAIN A scrumptious buffet selection for the adults. Cartoons and toys for the kids. Every Sunday. 11 am to 2.30 pm. Adults $31 +Kids $19++ For reservations, ANA HOTEL please call 732-1222 e*t 1582/1597. SINGAPORE 16 Naswn HHI. Singapore 1025 Ttfeptonc (65) 733 1222 GET AT OUR SEAFOOD PROMOTION
      141 words
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      Page 21 Advertisements Column 2
      105 21 u)rfli Aty! M it) fftlK ft- ©L Every fisherman at heart fu knows that the greatest fishing du* challenges lie in deeper obscure waters. In order to do just that, V| you'd need to pilot your own boatSVV" However, if you're not quite ready y i\r to buy one, call
      105 words
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      Page 22 Advertisements Column 1
      92 22 i IF OiVIF THE STOCK MARKET WAS AS RELIABLE^ Wilh the world economy going U P and down like a roller coaster ride, isn't il nice to know (here's .still something yoo can depend on? Arrow. Still a classic today as il was in 1851. -Arrow* fMf MOST lAMOU4 SMWT
      92 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1101 25 J M >» J m t^-vjf ff &Lucky Draws B ■f j 4 S WlKnr when you deposit with Hong Leong Finance n| Singapore Finance. Il*t back. Hong leong Finaocc'i Singapore Finance*! Free Gifts and Lucky Draw* programme whh a wider range of gifts and even more exciting prizes. ;SSM&
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      Page 26 Advertisements Column 1
      100 26 <v/ i I u?ySf It could be a controversial deal between two stock I 1/ market stars, a thought-provoking report by L_m( university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is
      100 words
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      Page 26 Advertisements Column 2
      208 26 Advertisement OPENING OF DHL AIR EXPRESS CENTRE The DHL Air Express the most sophisticated air chose Singapore as its first base Centre in Singapore was officially facilities in this part of the for the Asia-Pacific region. Now in opened by Mr Mah Bow Tan, world" 1991 .Singapore is indeed rapidly
      208 words
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      Page 27 Advertisements Column 1
      42 27 You've got nothing Tbulouse trying Finnair next time you go to France. With a twice-weekly service from Singapore direct to Helsinki and then to everywhere in Europe frqm Paris to Prague. Call *****77 for details. We know Europe from start to Finnish.
      42 words
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      Page 27 Advertisements Column 2
      13 27 Tje > Singaporean news for Sngaporeans nufirttx wivi JCOJ. R Subscribe now. Call 749-2577.
      13 words
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      Page 27 Advertisements Column 3
      36 27 i^—^^■SBSSSB Strategies for the best marks i How to get A's in Chinese Assessment books: What's best? Brain food: Does it make a difference? I.J A BF m"' s' m Ijr' r £j3Bßaß i Pi/ ,x&
      36 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      306 27 I Richer when working 8 Unremitting anxiety about hospital treatment (9.4) 1 I I I I I I i I 11 Back one coming from the subcontinent 12 Outspoken Lynn holds up M~~^ a flower (5) 1111 13 Nut be allowed to return 16 Make a sound come-back 18 J
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    • Miscellaneous
      Page 27 Miscellaneous Column 2
      154 27 World forecast Asia-Pacific Hi/Lo* Cond. Auckland.. 16/10 Showers Bangkok 32/25 Sunny Beijing 11/01 Sunny Brunei 31/22 Showers Hongkong 24/19 Showers Jakarta 33/22 Fair Kuala Lumpur 33/22 Showers Manila 31/23 Cloudy Melbourne unav Perth 20/11 Goudy Seoul 14/02 Cloudy Sydney 23/14 Sunny Taipei 22/17 Goudy Tokyo 19/12 Showers Wellington unav Europe
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    • Miscellaneous
      Page 27 Miscellaneous Column 3
      29 27 WlBK».?i»Ewl*Wl I NO TviPvMKS I Neveff) f It K££.PS MC f SbO CPkfe. VEA T Cft££.S6. Dfty yp» cuae-scsp.Mp^icnv mmm dßMfc I \f C ASSOCIATED NEWSPAPERS LTD.. IX3-IXIJT 854Q
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      1482 28 TODAY'S TV Catatan Si Boy 4, 3pm, SBC 5 Wildlife Tales: Tall Story, f JJ 12pm, SBC 5 'Vk. 1200 NNNews(M). series. Boy doesn't Ever wondered how R"*li Ronny "H* "hat* This jShflF 1,10 Sarawak fna IpTit'.'^RverMhat's'to'ueh. 0 that looks at some of the oth- i£ m£\% 3.05 Riang Ria
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    • Miscellaneous
      Page 28 Miscellaneous Column 2
      714 28 Movies on tv Si Badung, flashbacks as a technique, in Mon, 10.15pm, SBC 12 this case to tell the story of All good things must come to the friendship between a calan end and so it is that an 'ous industrialist and his old man has to step down male
      714 words