The Business Times, 9 November 1991
1991-11-09
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The Business Times
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Title Section16 1991-11-09 1 Business Times MCI (P) 16/12/90 Weekend Edition, November 9-10 1991 THE BUSINESS PAPER FOR S-E-ASIA 75*16 words
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NEWS & MARKETS SUMMARY
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Article31 1991-11-09 1 THE Dow Jones index of 30 leading industrials jumped 10.96 points, or 0.36 per cent, to 3,065.07 five minutes after the opening bell on the New York Stock Exchange.31 words
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Article34 1991-11-09 1 SHARES were higher at midday yesterday, helped by gains in stock futures and technical factors. At 1215 GMT, the FTSE 100-share index was up 18.6 points, or 0.7 per cent, at 2,556.6.34 words
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71 1991-11-09 1 JAKARTA About 85 per cent of Indonesia's coffee exporters face bankruptcy, hit by a combination of problems headed by a deep drop in world prices and fierce competition among themselves, officials said yesterday. Industry sources say coffee prices on the international market have71 words
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Article25 1991-11-09 1 SHOP rents in the suburbs are catching up with those in Raffles Place and the Marina Centre, a survey shows Page 225 words
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Article21 1991-11-09 1 PETRONAS has confirmed that its Taiwanese partner in the multi-billion-dollar refinery project in Malacca will be replaced Page 221 words
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Article24 1991-11-09 1 TALKS are on between German companies and Singapore government-backed firms for the use of German environmental technology in the Republic Page 324 words
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Article21 1991-11-09 1 INDONESIA'S trade surplus fell by 4.1 per cent to US$2.l4 billion during the first eight months Pag® 721 words
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Article26 1991-11-09 1 US Agriculture Secretary Ed Madigan and EC farm commissioner Ray MacSharry have met to pave the way for a US-EC summit today. Page 826 words
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Article26 1991-11-09 1 THERE is growing concern among the Americans over the millions who are jobless and are living close to the edge of poverty PiMS*26 words
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Article, Illustration443 1991-11-09 1 Magdalene Ng - Move sparks speculation of further HK interest in company By Magdalene Ng SINGAPORE Suntec Investment, the Singapore investment club for Hongkong's top tycoons, has taken a significant 5.05 per cent stake in Amcol Holdings. The move came a week after the New443 words
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Article, Illustration278 1991-11-09 1 SINGAPORE Declining interest rates continued to drive the Singapore stock market yesterday as the Straits Times Industrials Index surged 26.12 points to close at a three-month high of 1,474.52. The index has risen 58 points since the beginning of the week. The rally was backedSOURCE: PONT DATA - 278 words
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Article, Illustration401 1991-11-09 1 Sylvia Wong - By Sylvia Wong SINGAPORE A subsidiary of property tycoon Ng Teng Fong's listed Orchard Parade Holdings has been fined by the Urban Redevelopment Authority (URA) for the unauthorised demolition of seven shophouses slated for conservation at Albert Corner. First Choice Properties, which401 words
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496 1991-11-09 1 Michelle Rowe - New Bill creates one watchdog for securities industry From Michelle Rowe in BANGKOK THAILAND'S capital and equities market will be given a boost with a new reform Bill that is expected to bring improvements and spur the development of a regional finance centre,496 words
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Page 1 Advertisements
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Advertisement106 1991-11-09 1 Nikon ijfc, piiaal nilnlniManhlr QualAin In# WfKI rlniW nK/Wflfipnic oyswm. COVER The Raffles business. EL 1 CONTENTS Aircraft Schedule EL |1 Commodities Company News O Crypbc Crossword El 1 Executive Jobs tL Futures Options Interbank Forex Rates }8 KISE 13 Money Changer Rates EL 11 Money Market 18 Regional Stock106 words
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Advertisement13 1991-11-09 1 OPINIONS Is Singapore putting on its best face in wooing tourists? EL 213 words
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Advertisement166 1991-11-09 1 PURSUITS Highlanders of Papua New Guinea. EL 6 The rare perfection of Patek Philippe at The Hour Glass. Choosing a timepiece should he a relaxed and comfortable affair. Especially when you're considering the rare perfection of Patek Philippe. At The Hour Class, you're treated to the charm and integrity of166 words
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Advertisement14 1991-11-09 1 PURSUITS The sound of Simon. EL 6 Checking out the Raffles Experience. EL 714 words
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Advertisement10 1991-11-09 1 Nikon TtwWbrtd'sßnMt FINANCE Malaysian stocks: post-budget prospects mixed. EL 810 words
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Advertisement12 1991-11-09 1 JOBS Dusit Thani's Chanin Donavanik: a shy and quiet style. EL 1012 words
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PAGE 2 NEWS
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Article, Illustration435 1991-11-09 2 Colin Tan - But average rent still cheaper than in Orchard Rd area: survey By Colin Tan SINGAPORE Shops in the suburbs are fetching rents comparable to those in Raffles Place and the Marina Centre, according to a survey by Richard Ellis. First-storey shopSource: Richard Ellis Pte Ltd - 435 words
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Article, Illustration314 1991-11-09 2 Elaine Koh - Developers now know exactly what they can build By Elaine Koh SINGAPORE Developers, after years of hit-and-miss attempts, can for the first time know exactly what they can build in Orchard Road and the Central Business District. The outlines of two DGPsSource: Urban Redevelopment Authority - 314 words
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176 1991-11-09 2 SINGAPORE Reuters, the leading news and Financial information organisation, will launch its automated for-eign-exchange trading system with a live test in January. About 30 major banks in New York and London will test the system before actual trading begins. The system,176 words
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Article, Illustration358 1991-11-09 2 MBT KUALA LUMPUR An industrial corridor along the east coast of Peninsular Malaysia linking Kelantan. Trengganu, Pahang and Johor will be developed to promote the growth of manufacturing industries. This is to ensure balanced economic development between the east and west coastsMBT - 358 words
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475 1991-11-09 2 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR MALAYSIA'S national oil company, Petronas, has brought in Japan's Idemitsu Kosan Co Ltd as its new partner to replace Taiwan's Chinese Petroleum Corp (CPC) in its problem-plagued multi-billion-dollar refinery project in the state of Malacca. Petronas' other partner475 words
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Article, Illustration413 1991-11-09 2 Harish Mehta - Investments in financial sector up but manufacturing sector down By Harish Mehta SINGAPORE Local companies have invested more money in the Philippines' financial sector in the first six months of 1991 than they did in the last four years combined, but their investments in the413 words
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Article, Illustration372 1991-11-09 2 National Day awards SINGAPORE Singapore's "Mr Charity" Dr Ee Peng Liang was conferred the highest honour in this year's National Day awards investiture yesterday as a tribute to his half-century of voluntary service. The president of the Singapore Council of Social372 words
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Page 2 Advertisements
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SINGAPORE NEWS
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376 1991-11-09 3 Genevieve Cua - Talks being held with S'pore government-backed companies By Genevieve Cua GERMAN environmental companies are holding discussions with governmentbacked firms for the application of German environmental technology in Singapore. If the talks are successful, the use of the new techniques here for waste collection and site376 words
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Article, Illustration248 1991-11-09 3 JAPAN should take the lead in bridging north-south gaps on environmental issues. Professor Tommy Koh said yesterday. Professor Koh, speaking as chairman of the preparatory committee for next year's United Nations Conference on Environment and Development (UNCED), was delivering the keynote address at a248 words
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Article, Illustration366 1991-11-09 3 THE GOVERNMENT has decided to institute control measures by putting the Private Hospitals and Medical Clinics Act into operation. Health Minister Yeo Cheow Tong said last night. Speaking at the 25th Annual Combined Surgical Meeting, Mr Yeo said the move will366 words
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NEWS ROUNDUP
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Article118 1991-11-09 3 FROM Jan 1 to Jun 30 next year, the Central Provident Fund Board will pay its 2.2 million members a revised rate of 4.59 per cent on their CPF savings. Consequently, the Housing and Development Board's mortgage loan interest rate, which is pegged at118 words
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Article77 1991-11-09 3 FINAL-YEAR pre-university students and national servicemen may now apply for the 1992 Public Service Commission scholarships, bursaries and study loans. Local awards are tenable at the National University of Singapore and Nanyang Technological University. Overseas awards are tenable at universities in Australia, Canada, France, Germany, Japan, New77 words
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Article50 1991-11-09 3 NEWLY-INCORPORATED Sentosa Adventure Golf signed a building agreement with Sentosa Development Corporation yesterday to build a golf theme park near the island's musical fountain. The new company is a wholly-owned subsidiary of Construction Technology. Development of the site is expected to cost $6 million.50 words
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Article65 1991-11-09 3 THE National Productivity Association has set aside a $120,000 scholarship fund to give members an opportunity to pursue post-graduate studies and executive-development programmes locally and overseas. The move was announced yesterday by the association's chairman, Charles Chong, who is also the Member of Parliament for Eunos GRC.65 words
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Article50 1991-11-09 3 THE SINGAPORE Armed Forces will conduct military exercises in Lim Chu Kang, Hong Kah, Marsiling, Mandai, Sembawang, Tampines. Upper Jurong, Jalan Bahar, Kranji, Scletar and Tuas areas from Nov 11 to Nov 16. Blanks and thunder-flashes will be used. The public is advised not to be alarmed.50 words
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SHIPS IN PORT
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Article567 1991-11-09 3 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Marina Terminal 1 Batamindo 1 118S M03 alongside 08 11/1700 Brastagi 1 44/91 M03 alongside 08 11/2300 Btm Bahagia *****1 M04 alongside 0811/2300 Citra Jaya *****1 M04 alongside 0911/2300 Garuda G21 M04 alongside 0811 2300567 words
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COMPANY NEWS 1
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COMPANY BRIEFS
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56 1991-11-09 4 SINGAPORE CSA Holdings Ltd has formed an audit committee chaired by Allen Pathmarajah. The other members are Professor Bernard Tan Tiong Gie and Messrs Barry Lennon, Boon Yoon Chiang and John Moo Kwee Chong. Except for Mr Moo, who is the group's managing director,56 words
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Article36 1991-11-09 4 SINGAPORE Shareholders of British and Malayan Trustees Ltd (BMT) have approved the company's plan to consolidate its existing 304,100 ordinary shares of $1 each into 30,410 new shares of $10 each.36 words
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Article45 1991-11-09 4 SINGAPORE Mr Leong Kang Chuen, a director with Singmarine Dockyard and Engineering Pte Ltd, which is a wholly-owned subsidiary of Singmarine Industries Ltd, sold 10,000 Keppel Corporation Ltd shares at $7.65 per share on Nov 6, the stock exchange was told.45 words
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Article55 1991-11-09 4 SINGAPORE GP Batteries International Ltd and its parent company Gold Peak Industries have received three awards in the 1991 Governor's Award for Industry in Hongkong, GPBI said yesterday. GPBI was awarded a certificate of merit in the consumer product design category. GPI received awards for55 words
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Article50 1991-11-09 4 SINGAPORE Mr Peter Wrangham will retire on Nov 20 as a director of HSBC Holdings pic and the Hongkong and Shanghai Banking Corporation Ltd. His responsibility as Hongkongßank's executive director Europe, resident in London, will be absorbed by other executives, HSBC said in a statement yesterday.50 words
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Article29 1991-11-09 4 JL 7 SINGAPORE Foreigners have a 17.6 per cent interest in the issued ordinary share capital of Singapore Automotive Engineering Ltd, the company announced.29 words
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Article120 1991-11-09 4 KUALA LUMPUR Corrugated Carton Products Bhd, which was listed on the Kuala Lumpur Stock Exchange yesterday, said that operations at its Balakong factory in Selangor, which was damaged by fire on Wednesday, are expected to return to normal before the end of the year. Its managing120 words
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Article33 1991-11-09 4 KUALA LUMPUR Pahang-based Mentiga Corp, which is seeking a listing on the main board of the Kuala Lumpur Stock Exchange, plans to venture into the housing and agricultural sectors.33 words
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Article485 1991-11-09 4 Lilian Ang - Profits hit 153.8 m on spc increase in turnover By Lilian Ang SINGAPORE Singapore Press Holdings (SPH) has reported a 15 per cent rise in net earnings to $153.87 million for the financial year ended Aug 31, 1991. This was achieved on a 5 per485 words
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223 1991-11-09 4 Dexter Lee - By Dexter Lee SINGAPORE Two members of the Sembawang Group have clinched engineering, procurement and construction contracts for the building of a polystyrene plant in Merak, Indonesia. The contracts, worth some $20 million, were awarded by PT Pacific Indomas Plastic Indonesia, a joint223 words
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394 1991-11-09 4 Amy Balan - By i Amy Balan SINGAPORE Malaysia's fast rising corporate star Tajudin Ramli is to sell his stake in Celcom, that country's first private telecommunications operator, to his publicly-listed company Technology Resources Industries Bhd (TRI) for M 5259.4 million (S$ 158.7 million).394 words
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251 1991-11-09 4 Bernama KUALA LUMPUR Edaran Otomobil Nasional Berhad (EON) yesterday announced its proposed acquisition of a 46.85 per cent equity interest in Sarawak's Kong Ming Bank Bhd as part of its diversification into the financial services sector. EON felt that the finance companyBernama - 251 words
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270 1991-11-09 4 SINGAPORE Batu Lintang Rubber Company Bhd, which was relisted last month on the Kuala Lumpur Stock Exchange (KLSE) after a five-year suspension, will acquire a 51.12 per cent stake in Utama Steel Works Sdn Bhd. In a deal with Bank Pembangunan Malaysia270 words
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416 1991-11-09 4 Bernama KUALA LUMPUR What's in a name? A burnished image, a new corporate identity, a shift in focus and some confusion for investors are what's in a name. Confusion nothwithstanding. several Malaysian companies this year changed their names to reflect restructurings, acquisitions orBernama - 416 words
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264 1991-11-09 4 Magdalene Ng - By Magdalene Ng SINGAPORE Causeway Investment told the Stock Exchange of Singapore yesterday that a large part of an estimated $13-million extraordinary loss it plans to write off this year is due to a loan it gave to264 words
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592 1991-11-09 5 Reuter BOCA RATON, Florida International Business Machines Corp on Thursday announced a 10-year technology development pact with Intel Corp that will provide the computer giant access to the latest and fastest computer chips, giving it a big jump over its rivals. The accordReuter - 592 words
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Article, Illustration739 1991-11-09 5 AFP BOMBAY India's computer industry is gearing up for the return of IBM after an absence of 13 years, some with trepidation, others predicting maturing locals can now give the industry giant a run for its money. IBM quit India in 1978AFP - 739 words
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403 1991-11-09 5 Reuter AMSTERDAM KLM Royal Dutch Airlines said on Thursday that profits for the second quarter to September 30 were 192.5 million guilders (S$ 174.2 million), four times the 42.7 million of the year-ago period. The figure was well above the highest end of shareReuter - 403 words
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394 1991-11-09 5 HONGKONG Chinese health-food company Nam Pei Hong is to become the smallest listing in the Hongkong stock market, raising around HK$3O million (556.4 million) from its offer of 35 per cent of the enlarged issued share capital, the South China394 words
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415 1991-11-09 5 Al O Labita Jr - From Al O Labita Jr in MANILA THE PUBLICLY-listed First Lepanto Corp (FLC). a Phil-ippine-Singaporean joint venture. will expand the operations of its wholly owned tile-making subsidiary, the First Lepanto Ceramics Inc (FLCI). FLC has earmarked about 200 million pesos (USSI2.S million) to415 words
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COMPANY BRIEFS
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118 1991-11-09 5 SEATTLE An All Nippon Airways executive said the company expects to continue expanding its market share, with annual international route growth of 20 per cent through 1995, before it tapers to 10-12 per cent after 1996. The executive, deputy director Hiroshi Yasuda. said in118 words
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Article90 1991-11-09 5 BRUSSELS Belgian steelcord producer Bekaert SA is planning to cut its Belgian workforce of 6,075 by 7.6 per cent, following a restructuring of its steelcord and engineering operations. Bekaert said in a statement that manpower in steelcord production in Belgium will fall below 411 people.90 words
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Article132 1991-11-09 5 JAKARTA The government is considering licensing four companies to establish export processing zones, according to the state-owned bounded zone-management company PT PKBI Arman Mahadi. PT Megolopolit, a subsidiary of Argo Menunggal group, will set up a bounded zone on a 50-ha site at Cibitung, in132 words
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91 1991-11-09 5 IRVINE, California Western Digital Corp said it completed a restructuring of its bank debt and accounts receivable facilities, totalling U*****.8 million (*****.8 million). The company said U*****.3 million of outstanding bank debt was consolidated into a single, collateralised syndicated revolving credit agreement involving 13 banks, running91 words
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Article, Illustration104 1991-11-09 5 BERLIN British millionaire and adventurer Richard Branson coming down on a rope from the roof of his newly opened store carrying a bottle of champagne. Mr Branson founded and heads the UK's Virgin leisure group, which left the stock market to become a private company again in 1988.104 words
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208 1991-11-09 5 Reuter PERTH Western Mining Corp Holdings Ltd (WMC) said net profit in the first half of 1991/92 will be substantially below the A$ 138.5 million (S$ 185.5 million) achieved in the preceding half-year. WMC, one of the world's biggest nickel producers, reported aReuter - 208 words
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257 1991-11-09 5 Reuter PARIS Japan's NEC Corp may postpone the opening of a microcomputer factory in Munich, Germany, planned for early 1993, its vice-presi-dent Takehiko Inoue said in a newspaper interview. "For the factory in Germany, this delay is not yet decided. But it isReuter - 257 words
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Page 4 Advertisements
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Advertisement200 1991-11-09 4 WE'LL DELIVER TO YOUR HOME OR OFFICE AT NO EXTRA COST! I ml l* 34 F[. oz. r. Name Mr/Mrs/Miss Address Tel (h) (o) Company Designation Enclosed is a cheque/draft no for SS made payable to Times Periodicals Pte Ltd. Charge my American Express/Visa/Mastercard/Diners for SS Account Card No Expiry200 words
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Advertisement38 1991-11-09 5 WR WANT TO PURCHASE FOR CASH A SPECIALITY/PERFORMANCE CHEMICAL COMPANY LOCAL OR REGIONAL BASED. PLEASE APPLY TO ST Box NlOBO7 WITH BRIEF DETAILS OF YOUR COMPANY/MARKET. PRINCIPALS ONLY SHOULD APPLY. WE WILL NOT DEAL WITH AGENTS OR CONSULTANTS.38 words
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FINANCIAL NEWS
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SMALL CHANGE
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75 1991-11-09 6 BANGKOK The Bank of Thailand's new Treasury Department has begun operations. Telerate (Thailand) provided the complete dealing room information infrastructure, which gives not only real-time prices and news from international markets but also a charting package, Profitmaker. Chua Cher Choon, general manager of75 words
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Article105 1991-11-09 6 TORONTO James Jones, chairman of the American Stock Exchange, said he expects the exchange will post a loss in 1991 due to a one-time charge in the fourth quarter resulting from a management restructuring plan announced in late October. The exchange posted a loss of U*****,000105 words
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Article52 1991-11-09 6 MILAN Banco Ambrosiano Veneto SpA (Ambroveneto) said it is renaming Citibank Italia SpA, the former Italian commercial banking unit of Citicorp it acquired last month. Ambroveneto said in a statement Citibank Italia, would be called Banco Ambrosiano Veneto Sud SpA. It will be fully absorbed into Ambroveneto52 words
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Article61 1991-11-09 6 LONDON Britain's Department of Trade and Industry (DTI) announced regulations to hold companies selling life insurance liable for acts of those appointed to manage their linked funds. The regulations, which take effect in February next year, were issued after consultation with life insurance companies, insurance61 words
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Article80 1991-11-09 6 PRAGUE The Czechoslovak government approved on Thursday a bill allowing foreign banks to open branches and offer full personal banking services. If the bill wins parliament's approval, licences will be issued by federal and regional finance ministries in cooperation with the State Bank. Since Czechoslovakia80 words
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Article111 1991-11-09 6 KARACHI Pakistan will soon decide the fate of three Pakistani branches of the collapsed Bank of Credit and Commerce International, a senior central bank official said. Representatives of BCCI liquidators Touche Ross are meeting State Bank of Pakistan (SPB) officials to discuss the assets and111 words
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Article, Illustration483 1991-11-09 6 DBS weekly currency review USD/DMK: Short-Term Retracement Before Final Fall To 1.6000 I The US dollar traded through its rising wedge objective of 1.6575 marks to reach a low of 1.6280 on Monday before consolidating within the range of 1.6250 to L 6475 for the483 words
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422 1991-11-09 6 Four finance companies post big earnings jump for nine months BANGKOK Fourteen Thai commercial banks reported a combined net profit of 13.82 billion baht (*****.6 million) for their operations between January and September this year. The Nation reported during the week. The422 words
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600 1991-11-09 6 Reuter WASHINGTON With the direction of US banking policy uncertain at a critical time for the economy, bank and thrift regulators released new guidelines aimed at easing the credit crunch. The statement marks no radical change in bank examination procedures,Reuter - 600 words
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Article, Illustration606 1991-11-09 6 FT LONDON Britain's National Westminster Bank, the biggest lender to the indebted private companies of the Maxwell publishing family, on Thursday said it would continue to support the concerns. However, bankers in London said that Goldman Sachs, the US securities house, planned toFT - 606 words
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392 1991-11-09 6 Reuter ROME Italian banks, accused of doing little to stop Mafia money laundering, promised on Thursday to bolster the state's flagging war on organised crime. Interior Minister Vincenzo Scotti has accused the Italian banking system of being deaf to appeals for help inReuter - 392 words
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527 1991-11-09 6 MARKET TALK Healthy rise in profits likely but pressure on margins may increase Reuter ZURICH Major Swiss insurers will show a healthy rise in profits this year after taking a hit last year, but a continuing shake-up in the industry is likely to increaseReuter - 527 words
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Page 6 Advertisements
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Advertisement95 1991-11-09 6 LOST CERTIFICATES The following share and stock certificates have been reported lostCompany Hotel Properties Ltd Wearne Brothers Ltd do do Certificate No *****3 *****46-6 *****5 *****6 Shart 1,000 324 1,000 676 Raqtotarad Holders Oversea-Chinese Bank Nominees Re Ltd Estate of Yoong Mee Yoong, deceased Notice is hereby given that new95 words
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THE REGION
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423 1991-11-09 7 Suharto renews export drive call JAKARTA Indonesia's trade surplus declined by 4.1 per cent to US$2.l4 billion (553.59 billion) during the first eight months of this year from U552.23 million in the same period of last year due to a faster growth in imports423 words
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196 1991-11-09 7 AFP PHNOM PENH Cambodia yesterday blamed Thailand for its failure to rejoin the Mekong Committee after a 15-year absence. Foreign Minister Hor Namhong returned home from a meeting of the regional development organisation in Bangkok this week without having agreedAFP - 196 words
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Article, Illustration550 1991-11-09 7 Reuter ORMOC, Philippines Rapid deforestation combined with freak weather may be responsible for the huge loss of life in this week's Philippine floods, officials and environmentalists say. "This is a man-made disaster," said Leyte Governor Leopoldo Petilla, who said illegal felling of trees inReuter - 550 words
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342 1991-11-09 7 Causes include high maintenance costs and short operating hours JAKARTA Among seven major airports managed by the state-owned Perum Angkasa Pura (PAP) I, three are likely to suffer a total operational deficit of some 3.5 billion rupiah (about Ss3 million) this year, says the342 words
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269 1991-11-09 7 BANGKOK Cambodia is seeking close cooperation with Thailand in the development of its tourism industry-, the Bangkok-based Business Post reported yesterday. In a meeting between Cambodian, Thai and Japanese tourism officials and businessmen in Phnom Penh recently, discussions took place on how neighbouring countries269 words
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338 1991-11-09 7 Reuter KUALA LUMPUR Employers who fear they could not cope without Malaysia's army of illegal foreign workers have asked the government to reconsider plans to deport them and then rehire most. The government plans to legitimise the tens of thousandsReuter - 338 words
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NOTE BOOK
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104 1991-11-09 7 WASHINGTON The United States plans to turn over volcano-damaged Clark Air Base to the Philippines on Nov 26. Pentagon spokesman Pete Williams told reporters on Thursday that work at Clark, abandoned by the US Air Force because of damage from104 words
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Article96 1991-11-09 7 NEW YORK UN officials hope to help Portugal and Indonesia reach agreement in coming months on the composition of a team of journalists authorised to travel with a Portuguese parliamentary delegation to East Timor. After three years of UN-sponsored talks, 13 Portuguese members of96 words
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Article95 1991-11-09 7 BEIJING China has announced plans to establish a nongovernmental organisation to handle exchanges with Taiwan, which rejects direct official contact. The organisation would be similar to Taiwan's unofficial Straits Exchange Foundation. set up early this year to deal with Beijing in trade, family visits and other practical95 words
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Article39 1991-11-09 7 HONGKONG A group of 59 Vietnamese peacefully boarded ferries yesterday on the first stage of their journey home as the first boat people to be forcibly repatriated under a recent accord between London and Hanoi.39 words
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Article108 1991-11-09 7 HANOI A meeting here of Vietnam's Council of Ministers said market-oriented economic reforms are the only way forward, official newspapers reported. The council, chaired by the country's main economic planner. Deputy Prime Minister Phan Van Khai. met on Oct 29-31 to figure out how the 1992108 words
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Article57 1991-11-09 7 AUSTRALIA A group of Australian businessmen will visit Vietnam with Trade and Overseas Development Minister Neal Blewett later this month, the minister's office said yesterday. The Nov 16-22 mission follows Australia's decision last month to resume direct aid to Vietnam, which had been cut off57 words
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Advertisement88 1991-11-09 7 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at88 words
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THE WORLD 1
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WORLD WATCH
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98 1991-11-09 8 LONDON A year from a general election, Britain's ruling Conservative Party lost two parliamentary seats and tailed to take a third in three by-elections held round the country on Thursday, electoral officials said. The Conservatives lost the Langbaurgh seat in northern England to98 words
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Article70 1991-11-09 8 TOKYO Starting next year and continuing over the next two decades, Japan plans to ship nearly 40 tonnes of plutonium from Europe in what critics say is a standing invitation to high seas terrorism. Worries about what could happen to the deadly cargo during the seven-week.70 words
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Article118 1991-11-09 8 BRUSSELS European Community states' national parliaments should surrender power to the European Parliament as the EC prepares to grow to twice its size or more, a senior commissioner said on Thursday. "The danger of giving national parliaments too much of a say in Brussels is118 words
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Article70 1991-11-09 8 PARIS Czechoslovakia, Hungary and Poland will probably soon be taken off a blacklist that for 42 years has prevented them from buying sensitive Western technology, a US government official said on Thursday. But the attempted coup in the Soviet Union in August showed that curbs on70 words
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Article115 1991-11-09 8 SEATTLE The discoverer of the Aids virus said on Thursday that even if doctors can some day eliminate the virus from infected patients, the destruction of their immune system may still continue unabated. Dr Luc Montagnier, who identified the HIV virus in 1983, told scientists115 words
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324 1991-11-09 8 Reuter MEXICO CITY President Carlos Salinas moved on Thursday to reform Mexico's antiquated system of land tenure by proposing an end to a ban on private-sector ownership of half the national territory. The reform is contained in a Bill Mr Salinas presented toReuter - 324 words
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Article, Illustration415 1991-11-09 8 But no indication so far of prospects for trade deal Reuter BRUSSELS US Agriculture Secretary Ed Madigan and EC farm commissioner Ray MacSharry, the men with the keys to a Gatt accord, met for nearly three hours on Wednesday but refused toReuter - 415 words
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416 1991-11-09 8 Reuter PARIS The Group of Seven leading industrial nations is urgently putting the finishing touches to a package of measures to help the Soviet Union over its credit crunch, a G-7 official said on Thursday. The measures, agreed in principle by deputyReuter - 416 words
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Article, Illustration35 1991-11-09 8 MOSCOW A communist demonstrator raises his fist during a rally on October Square on Thursday. Soviet communist die-hards marked the anniversary of the 1917 Bolshevik revolution with a march to Red Square.35 words
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195 1991-11-09 8 AFP WASHINGTON Democratic lawmakers on Thursday threatened to slash US$ I billion (Ssl.7 billion) in aid to the Soviet Union from the 1992 defence funding Bill unless President George Bush supports the assistance. "I don't think it is acceptable for us toAFP - 195 words
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Article, Illustration537 1991-11-09 8 Reuter ROME US President George Bush, dropping the mask of fine diplomacy, has used the Nato summit to get assurances he badly wanted European allies do not want American troops to go home even if the Cold War is over. Mr BushReuter - 537 words
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520 1991-11-09 8 AFP SEOUL South Korea's economic woes, characterised by sluggish exports, mounting foreign debt and rising inflation are expected to get worse during next year's rash of elections, experts say. Inflation, which hovered officially around 10 per cent this year, is likely to beAFP - 520 words
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519 1991-11-09 9 Reuter WASHINGTON The figures set a record: almost 24 million Americans are in such dire economic straits they depend on government aid to fill their bellies, 8.6 million are unemployed, millions more scrape by on part-time jobs. While experts continue debatingReuter - 519 words
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183 1991-11-09 9 Reuter WASHINGTON The number of Americans filing new claims for unemployment benefits rose 14,000 in late October, the US government said on Thursday. For the week ending Oct 26, there were 420,000 Americans filing first-time claims for unemployment help, up from the previousReuter - 183 words
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334 1991-11-09 9 Reuter PARIS Uncsco ended a three-week meeting on Thursday with Financial crises unresolved, internal squabbles still raging and delegates wondering what role the United Nations cultural agency has left to play. The UN Educational, Scientific and Cultural Organisation is suffering a crisis of confidence,Reuter - 334 words
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Advertisement65 1991-11-09 8 SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) ANNOUNCEMENT ON FOREIGN OWNERSHIP Pursuant to Article 23C(4) of the Company's Articles of Association, WE HEREBY GIVE NOTICE that as of 7 November 1991 the percentage of the issued ordinary share capital of the Company in which foreign persons have an interest is65 words
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Advertisement635 1991-11-09 9 N N U RESULTS li FOR THEYEAR 31 ST AUGUST li The Directors have pleasure in announcing the following audited results I of the Group for the year ended 31st August 1991. li li 12. li 11 Singapore Pre** Holding* Limited (Incorporated in Singapore) Dividends from unquoted subsidiaries Investment Income635 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration858 1991-11-09 10 Sylvia Wong - By Sylvia Wong THE local stock market rode the wave of foreign buying to a three-month high yesterday as the Straits Times Industrials Index closed higher for the sixth consecutive session. The benchmark STII rose 26.12 points to close at 1,474.52858 words
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Article, Illustration61 1991-11-09 10 Chew Eng Han - Chew Eng Han Comment THE Medium-term picture for UOL Warrants 1993 looks healthy. A strong base at 50 cents has developed over the last three years. The long-term downtrend line will provide strong resistance at 85 cents. A breach of 85 cents will lead to a further target61 words
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Article187 1991-11-09 11 I PPPMn quoted have a par value of SI and traded in lots of 1.000 shares LLULIiU each unless otherwise specified ABN shares quoted in dollars Information on Nasdaq stocks, other than that given above, was not available Currency traded SJ unless otherwise specified Adiusted187 words
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Page 11 Advertisements
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Advertisement7 1991-11-09 11 Advertising Marketing every Thursday in Business Times.7 words
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Article105 1991-11-09 12 rprijf\ Ad shares quoted have a par value of $1 and traded in lots of 1 000 shares each LLUCnU unless otherwise specified ABN shares quoted m dollars Information on Nasdaq stocks other than that given above was not ava*lable Currency traded SJ unless otherwise105 words
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Page 12 Advertisements
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Advertisement14 1991-11-09 12 Read Chartpoint, a guide to investing in the stock market, every Saturday in BT14 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration361 1991-11-09 13 Bernama SHARE prices here closed higher yesterday on late buying support after moving on a mixed note throughout the day in a market lacking clear leads from major overseas bourses. Gains in some component stocks pushed the KLSE Composite up 3.03 pointsBernama - 361 words
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Page 13 Advertisements
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Advertisement69 1991-11-09 13 Maxwell TNP, Nov 6 Did billionaire publisher Robert Maxwell really die of a heart attack? Or was he murdered? w Examines the questions surrounding his death His mysterious financial empire His family's takeover And some truths by a close associate. NEW, NEWS, NEWSY From lunch-time. Monday to Saturday. WSSSEEaSEIM SS369 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration142 1991-11-09 14 Reuter BANK issues led yesterday's strong price rises in the market and lifted trading volume to close at its highest level in more than three months, brokers said. "They (investors) didn't want to miss the train," said a broker at Multi-CreditReuter; SOURCE: PONT DATA - 142 words
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JAKARTA STOCK EXCHANGE
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76 1991-11-09 14 Reuter JAKARTA stock prices ended mixed yesterday in active half-day trading, brokers said. The official index dropped 2.62 points to 225.32. Foreign buying pushed some favourite shares up, but brokers said speculation had also put pressure on some other shares. Unggul Indah Corp edgedReuter - 76 words
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Page 14 Advertisements
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Advertisement11 1991-11-09 14 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF BUSINESS TRENDS NOW AT NEWSSTANDS11 words
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Advertisement10 1991-11-09 14 Managers must manage. Business Times shows you how every Monday.10 words
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TOKYO STOCK EXCHANGE
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Article, Illustration244 1991-11-09 15 Reuter TOKYO STOCKS drifted in listless trade to close barely higher yesterday. An early technical rebound petered out amid worries over poor corporate earnings results and a lack of fresh buying incentives, brokers said. The only support for the market came from futures-linked buying,Reuter - 244 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration242 1991-11-09 15 Reuter HONGKONG'S blue chip Hang Seng index was up 51.90 points, or 1.22 per cent, at 4,236.64 at the close in active trade yesterday. The index put on most of the gains early in the day, ending the morning session at 4,223.28. It closedReuter - 242 words
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REGIONAL STOCK MARKETS
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Aussie market closes sharply higher
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Article172 1991-11-09 16 THE AUSTRALIAN sharemarket closed sharply higher, aided by heavy US buying in selected stocks and improved corporate earnings. Brokers said a stock shortage boosted the leading index with investors unwilling to sell because they believe a long awaited bull run is nearing. "Scrip (has) been a bit thin in172 words
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Article172 1991-11-09 16 MANILA'S share market concluded the week with further gains on the last trading day as a general investor optimism fed on a Philippine telephone blue chip's rise in New York and oil drilling projects set for this month. The Manila Stock Exchange compos- ite index climbed 26.98 points to172 words
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Article63 1991-11-09 16 Mava art prica trcwH tin wtfi autfar stock mmUtt at cafcatatai by Margaa Staatty Capital tataraabaaal Partpactfca. Gaaava. Meat wM wttk a an tahaa total a basa af 1M at tta bag Mag af IMS. tka attar (afloat art tahaa fraai a bat* af IM at tta btglaaiag af 197163 words
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Article182 1991-11-09 16 TAIWAN stocks moved narrowly in thin trade before closing little changed yesterday. Brokers said the market was consolidating after failing to break through the 4,500-point resistance level on Thursday. The weighted index ended 14.64 points higher at 4,439.49 after dipping into negative territory twice, hitting an intra-day high of182 words
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Article158 1991-11-09 16 SEOUL share rose slightly for the third consecutive day yesterday as buying continued to be concentrated on small and medium sized companies, brokers said. "The market index rose slightly today but the interesting thing is over 200 shares hit the daily limit highs," said Keith Nam, an analyst at158 words
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Article190 1991-11-09 16 NEW ZEALAND shares ended only slightly lower yesterday, despite bearish news on the fiscal front and firming fixed interest rate yields. The index was down 8.36 points at 1,553.38 on volume worth NZ$2l million. Brokers said it was a reasonable performance considering the government's promised budget savings on190 words
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Page 16 Advertisements
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Advertisement21 1991-11-09 16 SPH Shine Company Research The smart addition to your research department is only a phone call away Telephone: *****63, *****66, *****8921 words
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WORLD STOCK MARKETS
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Dow rises with gains in bond sale
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Article10 1991-11-09 17 ex-dividend t not authorised in Hongkong Source: Z-Landerbank Bank Austria10 words
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Article, Illustration200 1991-11-09 17 A SUCCESSFUL 30-year US bond sale spurred a rally in the Treasury market that helped draw stock buyers off the sidelines on Thursday. Blue chips rose moderately while smaller stocks spurted to a new closing high. Earlier tranches ot the Treasury auction had been poorly received. Better-than-expected October200 words
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Article, Illustration198 1991-11-09 17 EARLY gains on Thursday made by share prices here were virtually wiped out as concern about the government's performance in three key by-elections Thursday mounted during the day, brokers said here. Disappointing figures from oil giant BP contributed to the reversal of the trend. At the close, the FT-SE198 words
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Article210 1991-11-09 17 GERMAN SHARES ended mixed on Thursday, as unsubstantiated market rumours about balance sheet irregularities at Volkswagen soured sentiment. The 30-share DAX index rose 4.18 points to 1,578.40. The DAX spent the session hovering in a narrow eight point band between 1,572.40 and 1,580.50. Traders said Volkswagen shares, which had210 words
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Article190 1991-11-09 17 THE PARIS Bourse made a small gain on Thursday, as the CAC-40 stock price index closed at 1,838.57 points, up by 0.14 per cent by comparison with the Wednesday close. A few minutes earlier, the indicator had actually been in the red for the session. It had opened on190 words
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Article163 1991-11-09 17 THE POSSIBLE voluntary liquidation of a broker suspended two weeks ago for alleged mismanagement of clients* funds added to fears about the financial health of the Milan bourse and pushed prices broadly lower on Thursday. "This Capelli business certainly hasn't helped." one dealer said. He was referring to Claudio163 words
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Article142 1991-11-09 17 SWISS SHARES ended a moderate session slightly higher on Thursday as lower October inflation and easier money market rates supported sentiment, brokers said. The all-share SPI index rose 4.2 points to 1,087.8 and the SMI index of leading shares put on 5.5 to 1,693.9. Year-on-year inflation fell to 5.1142 words
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Article193 1991-11-09 17 PRICES on the Stockholm bourse closed broadly lower on Thursday in moderate trade. Dealers said investors worried over the prospects for Swedish companies and preferred to hold back ahead of a string of company results next week. The bourse general index fell 0.53 per cent to 993.46 in turnover193 words
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Article129 1991-11-09 17 BELGIAN shares closed a relatively quiet and shortened session on Thursday narrowly lower with only a handful of blue chips attracting some investors' attention. The star of Acec-UM. highlight of previous sessions, waned slightly as speculation on rising cobalt prices subsided. The Bel-20 index of leading shares closed 0.13129 words
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Article109 1991-11-09 17 TORONTO stocks rode gains in bank issues following a sharp drop in the Bank of Canada's key trend-setting rate to close moderately higher on Thursday, traders said. "That bank rate was great," said Bob Boaz, chief economist with Deacon Barclays de Zoete Wedd Ltd. The Bank of Canada key109 words
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Page 17 Advertisements
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Advertisement22 1991-11-09 17 The Amsterdam and Johannesburg market reports were not available Executive Jobs every Saturday in Business Times Innovation Technology in BT every Tuesday22 words
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CURRENCY, MONEY & FUTURES MARKETS
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1186 1991-11-09 18 REPORTS ASIA Tokyo: The US dollar yesterday stayed slightly firmer against the yen and the mark after a day of quiet and dull pre-weekend Asian trading. The dollar received some support from short-covering after its strong moves in New York overnight1,186 words
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Article10 1991-11-09 18 Source: UOB Source: Astley Pearce Source: OCBC10 words
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Article39 1991-11-09 18 Rates quoted by Astley Pearce Rates quoted by NatWest Note: Based on latest issues Source: The Monetary Authority of Singapore (entral hank discount rates Average of 12 banks. Float Source: National Westminster Bank Source: National Westminster Bank39 words
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509 1991-11-09 18 Bourse tells market-maker banks to meet specific volume targets Reuter FRANKFURT Leading German banks already acting as market makers for bund futures on the Deutsche Terminboerse are being asked to meet specific volume targets in the latest phase of a struggleReuter - 509 words
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Article205 1991-11-09 18 Reuter BUDAPEST Hungary devalued the forint for the second time this year in a further bid to boost exports, reduce imports and protect jobs in the struggling economy. The devaluation, which took effect yesterday, marked the non-convertible currency down by around 5.5 per cent against majorReuter - 205 words
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Article17 1991-11-09 18 Note: Volume and open interest are for previous day trading. Source: Singapore International Monetary Exchange17 words
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Page 18 Advertisements
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Advertisement7 1991-11-09 18 Innovation Technology in Business Times on Tuesday7 words
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COMMODITIES
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454 1991-11-09 19 Reuter LONDON The world will need less Opec oil through the northern winter than the group thought just six weeks ago, Opec secretariat economists said in Vienna on Thursday. A report, which will be presented to experts from the 13 Opec-member countries atReuter - 454 words
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282 1991-11-09 19 Reuter NEW YORK Most producing members of the US copper industry welcomed plans by Commodity Exchange Inc (Comex) to offer trading in physical metal, claiming it would provide for a more equitable marketplace. In a letter to the Commodity Futures Trading CommissionReuter - 282 words
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825 1991-11-09 19 REPORTS MALAYSIAN crude palm oil prices were up at the close yesterday on light covering interest that reflected gains on the futures market, dealers said. But trading was thin with operators still reluctant to take up positions due to a lack of export825 words
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Page 19 Advertisements
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Advertisement6 1991-11-09 19 Innovation Technology in BT every Tuesday6 words
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Advertisement240 1991-11-09 19 BUSINESS TT ME S NOTICE This is to notify that Mr Ng Joo Tong Roland NRIC No. *****10/Z has loft our employment with effect from 31st October 1991. He is therefore not authorised to transact any business dealings or collect any monies on behalf of the company. The company shall240 words
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Article, Illustration674 1991-11-09 20 Leslie Lopez - Umno's annual conference From Leslie Lopez in KUALA LUMPUR MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad warned members of his ruling United Malays National Organisation (Umno) party yesterday that politicking and disunity could wreck the party and cost Malays their position as the674 words
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Article, Illustration404 1991-11-09 20 The Robert Maxwell story AP LAS PALMAS, Canary Islands The widow of publishing magnate Robert Maxwell expressed doubt yesterday about the cause of her husband's death despite preliminary autopsy results that concluded it was a heart attack. "Unfortunately, the autopsy is totally provisional," ElisabethAP - 404 words
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241 1991-11-09 20 Reuter PHNOM PENH Cambodia has survived its first year without Soviet oil, thanks to Singapore traders and credit. "We made relations with foreign traders who sell oil on credit and to pay we reserved our rubber," Mao Thura, director of the Foreign TradeReuter - 241 words
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453 1991-11-09 20 Reuter TOKYO New Japanese Prime Minister Kiichi Miyazawa unveiled an ambitious policy platform yesterday, pledging to send troops overseas as peacekeepers, raise the standard of living and clean up politics. Yet Mr Miyazawa, in his first policy speech to parliament since takingReuter - 453 words
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209 1991-11-09 20 AP ROME Western allies affirmed US leadership of Nato yesterday and set up a "cooperation counsel" with the Soviet Union and Eastern European nations. "European and American security is indivisible," US President George Bush declared. Mr Bush and the leaders ofAP - 209 words
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Page 20 Advertisements
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Advertisement6 1991-11-09 20 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement9 1991-11-09 20 Nat West to continue backing Maxwell group, Pg 69 words
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Advertisement52 1991-11-09 20 CHARTPOINT Every Saturday in Business Times TRANE TV AIR CONDITIONING X Mr. WIINc Low Equipment ft Systems. Engineer FOR PROFESSIONAL AIR CONDITIONING DESIGN AND SERVICE, YOU CAN DEPEND ON TEAM TRANE. fp Mr. Phuar Boon Hock Equipment ft Systems. Manager THE BEST \ALL E CALL. 747 8622 FOR ENQUIRIES. FAX:52 words
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Advertisement10 1991-11-09 20 Rush wins assurances on Nato from Eurobe allies, Ps 810 words
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Executive Lifestyle
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Article, Illustration1494 1991-11-09 21 Nirmal Ghosh - More than just the name of a hotel, Raffles has emerged as a designer product that no visitor to Singapore should leave without. Nirmal Ghosh looks at how the marketing of history can be such big business Nirmal Ghosh IF SIR Stamford were alive today, chances1,494 words
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STRAWS IN THE WIND
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Article50 1991-11-09 21 TRUST the Ministry of Defence not to take any when it invited the press to*. cover the launch of a naval underwater project. Besides asking for the usual reporters', particulars like name and: identity card number, it also asked for the contact number of the "next-of-kin". Z50 words
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Article41 1991-11-09 21 EUROMESSAGES, a consuiting firm, recently advertised in the Economist magazine for a "Senior Swamps Specialist". One caa' scarcely imagine what qualifications are required. The job is located in South-east Asi£ presumably, the company will be swamped with applications.41 words
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Article26 1991-11-09 21 SPOTTED outside the immigration counter at Bangkok's Don Muang Airport was this sign: "Aliens not allowed beyond this point". Where does that leave ET?26 words
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Article49 1991-11-09 21 THE filofax generation is starting young. A manager who brought his little daughter to the office discovered that she had pencilled some entries in his management diary for the following week: "at home" for days that he wasn't working, and "tuition" and "gym" in the other spaces.49 words
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Article35 1991-11-09 21 Add this to the list of ignorant letter writers who send letters to Singapore, China. One colleague just received a letter from a top American business school which started off with: "Dear 0923".35 words
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OPINIONS
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Article, Illustration942 1991-11-09 22 Tye Kim Khiat - Breakfast with Ah Meng is not the way to attract tourists to Singapore, says Tye Kim Khiat. But breakfast might be Tye Kim Khiat The writer is a Melbourne-based journalist who contributes to BT PIT Ah Meng against the koala in the tourism stakes. The outcome942 words
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Article196 1991-11-09 22 Hong Wu Wai - Wu Wai Hong Secretary Hotel Grand Central Ltd .1 REFER to the letter "Please ;don't keep investors in the dark" -by "Sophisticated Investor" (BT, 19-20). The drop in profit by 1,644,000, or 30 per cent, for the operation was, as correctly stated by "Sophisticated Investor", caused196 words
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Article271 1991-11-09 22 Lim Puay Tiong - Lim Puay Tiong Managing Director Asia Metals Pte Ltd WE read with interest the article on steel can recycling (BT, Oct 31). As a major metals recycling company in Singapore. Asia Metals Pte Ltd fully supports any economic recycling activity, and indeed, applauds current government and271 words
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Article, Illustration1237 1991-11-09 22 Eddie Y W Guo - Eddie Y W Guo laments the attitude of the male chauvinist towards sexual harassment Eddie Y W Guo The writer is a BT reader IT HAS been a long time since I've read an article that managed to discourage my hope for Mankind so completely but1,237 words
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SPORTS
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Article, Illustration853 1991-11-09 23 Magic Johnson shocks the sports world by announcing he has the Aids virus AP INGLEWOOD, California Magic Johnson said he had tested positive for the Aids virus and retired from pro basketball on Thursday, shocking the sports world and leaving it without one of its true superstars.AP - 853 words
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Article, Illustration627 1991-11-09 23 Reuter LONDON Ayrton Senna's victory in Sunday's rain and crash-hit Australian Grand Prix brought the curtain down on a memorably competitive, eventful and often controversial year in Formula One motor racing. The Brazilian, who won seven of the 16 races on the way to his thirdReuter - 627 words
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616 1991-11-09 23 NYT NEW YORK The use of professional athletes as product spokesmen is about to undergo a landmark test now that Earvin "Magic" Johnson, who has earned more than US$l2 million (Ss2o million) a year from commercials and other endorsements, has become the first such starNYT - 616 words
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SIDE LINES
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152 1991-11-09 23 SINGAPORE Sunday's Formula One Powerboat race at Marina Bay will decide the UIM World Formula Powerboat Champion. After a hard series of races that saw speed, spills and mechanical failure, the title of World Champion is still undecided going into the final152 words
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Article128 1991-11-09 23 MEXICO CITY American golfers, led by Lennie Clements' 5-under-par 67, dominated the first round of the 35th Mexican Open Golf Championship on Thursday. Tommy Armour 111 and Mark Wiebe, a pair of veterans from the American PGA tour, followed with 4-under-par 68s on the 7,135-metre Chapultepec128 words
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Article102 1991-11-09 23 BLUFFTON, South Carolina Jim Thorpe fired a courserecord 64 on Thursday and took a 3-stroke lead over Bobby Wadkins in the U*****,000 (S$ 1.2 million) Amoco-Centel Championship. Thorpe birdied five of the first seven holes en route to a 31 on the front side on the par-72,102 words
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Article52 1991-11-09 23 BRENTWOOD, Tennessee Natalia Medvedeva advanced on Thursday night to the quarterfinals of the Virginia Slims of Nashville with a 6-1, 7-6 (7-4) victory over Claudia Porwik of Germany. The seventh-seeded Medvedeva, who won the tournament last year, was to meet unseeded Isabelle Demongeot of France in a quarterfinal52 words
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Article114 1991-11-09 23 NEW YORK Winner Liz McColgan is among 200 women who will have nine seconds added to their finishing the New York Marathon because they started too soon. Rjace officials reviewed videotapes of the start on Thursday and determined that women using the red starting lane on114 words
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Article373 1991-11-09 23 ATP Indoor Tournament AP BIRMINGHAM, England Pat Cash, the 1987 Wimbledon champion, was beaten 4-6, 6-4, 6-2 by Ronald Agenor of Haiti on Thursday night in the second round of a US$5OO,OOO (S$840,000) men's indoor tournament. The Australian looked fairly comfortable in the first set, exchanging breaksAP - 373 words
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EPICURE
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Article, Illustration609 1991-11-09 24 Quek Swee Peng - Quek Swee Peng laps up platefuls of pretty pastels Quek Swee Peng IT WAS a palette of pink, green and peach. The succulent salmon held centre-stage, surrounded by a sea of cucumber sauce. At four points of the palette were multicoloured melon balls siren-red water melon,609 words
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LIFESTYLE
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Article, Illustration772 1991-11-09 25 Jaime Ee - Jaime Ee says she has had it up to here with those infernal 'beep, beep, chiuuuu!!' contraptions SAY Jaime Ee IAM MARRIED to a man who has forgotten how to be a husband, much less a civil human being. His life is filled with fashioning straight lines out of772 words
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Article, Illustration839 1991-11-09 25 N K Yong - WINE By N K Yong I USE the term "inexpensive" because "cheap" carries the connotation of "nasty." What is the cutoff point for "inexpensive"? This is always relative, so if I put it at $30, there may still be some for whom this is839 words
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Article, Illustration364 1991-11-09 25 Sybil Holloway - BRIDGE By Sybil Holloway IN THE NBC Bermuda Bowl Games held in Yokohama, the match between Poland and Great Britain produced some high-class play, but the defence by Cezary Balicki of Poland and Adam Zmudzinski on Board 61 of the quarterfinals was a classic. The deal364 words
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PURSUITS 1
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Article, Illustration1072 1991-11-09 26 Shoeb Kagda - Shoeb Kagda discovers the rugged world of Papua New Guinea's Highlanders where men still wear war paint and pigs are the favoured form of currency Shoeb Kagda THE ROAR was like a thunder clap, rising from the depths of the valley and up the ruggedPhotos by courtesy of Chew Yen Fook - 1,072 words
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Article, Illustration763 1991-11-09 26 S N Vasuki - In what way is Paul Simon, who performs in Singapore tomorrow, like a tube of Colgate toothpaste? S N Vasuki has the answer S N Vasuki HE IS A champion of liberal values in an age when conservatives are controlling the high ground in international politics.763 words
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Article, Illustration963 1991-11-09 27 Jaime Ee - Has the refurbished Raffles given up its soul to gain its stars? Jaime Ee checks into the hotel to find out Jaime Ee THERE are certain things to remember when you are operating a hotel like the Raffles. One never invite a foreign journalist or an963 words
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Article286 1991-11-09 27 POINTS FOR Excellent, professional service. Room service order for tea arrived within eight minutes. A request for sassafras tea was professionally intercepted with an offering of alternatives like lapsang souchong, earl grey or camomile. All contact with hotel staff from front desk to valet service was polite,286 words
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Article, Illustration493 1991-11-09 27 Here's a list of how much or how little $600+ a night can get you at five different hotels in Singapore AT $600+ upwards for a room at the Raffles, is it charging a premium for its history? Here is how it compares with similarly493 words
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PERSONAL FINANCE & INVESTMENT 1
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Article1057 1991-11-09 28 S N Vasuki - S N Vasuki looks at what's hot and what's not in the Malaysian stockmarket in the light of last week's Budget S N Vasuki THE Malaysian Budget presented last Friday by Finance Minister Datuk Anwar Ibrahim has not exactly set the Kuala Lumpur stockmarket on1,057 words
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610 1991-11-09 28 Quak Hiang Whai, Shoeb Kagda - As Quak Hiang Whai finds David Fuller in a bearish mood, Shoeb Kagda sees Marc Faber expressing similar sentiments Quak Hiang Whai, Shoeb Kagda I am no doom and gloom advocate. But I regard most stockmarkets as either a gamble at today's valuations or610 words
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630 1991-11-09 28 DEPRESSING. That pretty much sums up the latest report by Marc Faber. The renowned but a little left-of-centre forecaster says that the bear market is just about to kick off and that world stock markets are not expected to reach their peak in630 words
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Article60 1991-11-09 28 Correction clarification In last week's "Don't Quote Me" column, we reported that DBS Bank held its first; investment seminar in 1987. in October, the same month global markets crashed. DBS Bank has clarified that the seminar was held on March 23-24. The stockmarket rose 40 per cent after that, before60 words
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Article, Illustration684 1991-11-09 28 Najeeb Jarhom - By Najeeb Jarhom The writer is the research manager of Fraser Roach Co FOREIGN fund managers' continued preference for Singapore blue chips over their Malaysian counterparts may mark the beginning of a new trend whereby the Singapore market is treated separately from Malaysia and Indonesia.684 words
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Article, Illustration860 1991-11-09 29 Kooi Cho Teng - Kooi Cho Teng puts together some pointers on opportunities and pitfalls for the would-be franchisor and franchisee ON YOUR HHSHmuHI Kooi Cho Teng YOU HAVE A wonderful problem: your business is booming after years of hard work, you have carved a name for yourself and your productSource: Franchise Development Services Pte Ltd - 860 words
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Article, Illustration728 1991-11-09 29 S N Vasuki - S N Vasuki discusses the prospects a year after reunification S N Vasuki ONE YEAR after reunification, the German stockmarkets continue to be the laggard of Europe. A major reason for the poor performance is the slow pace of the economic integration between rich and prosperous728 words
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Article345 1991-11-09 29 IF YOU ARE interested in tapping an existing idea as a franchisee, there are certain things to consider before taking the big step. The first thing to do is to observe and talk to a few of the franchisees currently in operation. Support of the345 words
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JOBS
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Article, Illustration1060 1991-11-09 30 Magdalene Ng - He doesn't quite fit the tycoon mould. Yet Chanin Donavanik has, in the course of 11 years, turned his family business into a thriving empire. On a recent trip to Bangkok, Magdalene Ng met the refreshingly different executive director of Thailand's Dusit Thani hotel chain1,060 words
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Article, Illustration790 1991-11-09 30 Get interviewed as much as possible. Sell yourself. And put your Sundays to good use. These are just some of the many tips offered to displaced middle managers looking for new jobs NYT IT USED to be that many middle managers laid off by large companiesNYT - 790 words
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Article, Illustration399 1991-11-09 30 Mr Ricardo Beggs has joined Boyden International's Singapore office as a partner responsible for financial services. Mr Beggs brings with him more than 12 years' experience in institutional stockbroking and investment banking in Europe and throughout Asia. Mr Marc Tay has been appointed director of sales of The399 words
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Article293 1991-11-09 31 AIRLINE CODES: AC: Air Canada. Ai: Air India. AY: Fmnar Oy. AZ: Alitalia. BA: British Airways Public Ltd Co. BG: Biman Bangladesh Airlines. Bl: Royal Brunei Amines Ltd. CA: Air Xhma. CI: China Airlines Ltd. CV: Cargolu* Airlines International SA. CX Cathay Pacific Airways Ltd. FM:293 words
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THE TRAVEL PAGE
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Article, Illustration500 1991-11-09 31 Larry Thorson - LETTER FROM BERUN By Larry Thorson Tourists beware: if you decide on an adventurous car journey to see eastern Germany before it becomes like the rest of the country, the thing you might see most is traffic jams. You could literally spend the night on the road without500 words
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Article12 1991-11-09 31 Source: Republic National Bank of New York (S) Ltd12 words
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Article, Illustration525 1991-11-09 32 Dying Young. Julia Roberts falls for terminally ill patient and gives the audience terminal chills when they realise an actress is only as good as her script. This one could have done with a bit more life. Midnight tonight. 11.45pm at Yangtze 1 and Marina 1. 12am at Orchard.525 words
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TIME OFF
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Article76 1991-11-09 32 SS0 Concert French-American pianist Francois Joel Thiollier performs Ravel's Concerto for Piano and Orchestra in G with the Singapore Symphony Orchestra under the baton of Maestro Choo Hoey. Also on the programme is Berlioz's Symphonie Fantastique, Op 14. Venue: Victoria Concert Hall. Tonight, 8.15pm Ecstatic Fantasy Unusual figurative and76 words
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Article, Illustration300 1991-11-09 32 Wee Ngiap Hiang - Compiled by Wee Ngiap Hiang A Brush with Tao: Wildlife Paintings by Waina Cheng-Ward Visual arts exhibition by Waina Cheng-Ward, who was born in Lanchow, China. Venue: National Museum Art Gallery. Last day tomorrow. 9am-5.30pm. Free admission. Singapore Mixed Media Art On display are works by 43 Singaporean artists.300 words
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Page 21 Advertisements
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Advertisement155 1991-11-09 21 24-hour 'Loan Information Service Approval' 3343 5 8 8 3343 6 8 8 Available Exclusively SINGAPORE: Burberry* Main Shop: WOOrihard Road. #B1 01 02 Palais Renai-sance shipping Arcade Singapore 0925 Tel ~33~M3 Burberry* Shop-111-Shop: IVUMARI DPS Orchard HALLEVS ISFTAN Haveloik ISFTAN Orchard VAN HF.N LEATHER GOODS SOGO Audiortoed Dealer*: FJ155 words
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Page 22 Advertisements
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Advertisement29 1991-11-09 22 LETTERS TO THE EDITOR BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. letters should include your contact numbers.29 words
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Advertisement15 1991-11-09 22 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.15 words
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Page 22 Miscellaneous
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Miscellaneous65 1991-11-09 22 DOONESBURY TO Bt HONEST Mlh YOU, I still am believe ijm hackNO. I MEAN, ONLY TWO YEARS AGO, MY CAREER jm*-*** 0 0 fi 1I PCrfrttAN TO SOUND UKE\ A MiDpt&aA&MN&.eur THzoppoßjuNmesjusr ARENTTHERE ANYMORE. 7W/S| cajNMHtencm?usuT>e\ [TEETH! THEWS A LOT OF M WIN OUT THERE! M *E BY GARRY TRUDEAU65 words
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Page 23 Advertisements
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Advertisement369 1991-11-09 23 i; v FCN $1 MILLION HOLE-IN-ONE GOLF TOI RNAMEM Yes, there's SI Million to be won if you score a Hole-in-One. The Courvoisier FCN $1 Million Hole-in-One tournament will be Singapore's most exciting golf event ever! The qualifying round to determine the 100 lucky contestants for the SI Million tournament369 words
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Page 24 Advertisements
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Advertisement271 1991-11-09 24 WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE PRIHCESS GTEKSRA6B T •••now on Mdays 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 same old prices271 words
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Advertisement333 1991-11-09 24 mw ooimeGjf SUNDAY TEMPTATIONS Every Sunday, Nutmeg's brings to you exquisite culinary surprises, fine wines and champagnes and the relaxing chords of our jazz musicians. Seafood delicacies, Sunday favourites, local specialities and even a touch of American, await the family for a peaceful Sunday. For $34.50++ per person and $17.26++333 words
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Advertisement206 1991-11-09 24 Children's Activities at Fun/Qames Comer! Why worry about breakfast or lunch on a lazy Sunday morning? Come down for brunch with your whole family and feast on a detectable spread of hot dishes, soups, appetizers and desserts, all prepared to please discerning palates. 2 30 $20 (Adult) $12 nett (Child)206 words
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Advertisement164 1991-11-09 24 eh P Start a \x* •t <*'* v°°^ nlf** A < a ,jO\ tfl] t Frcnch Buffet Lunch A 0 November I 30 Noon 2.30 pm *40* Adult: $36++ hllii Kcltm Ik 4-4-Child below 10: 18+ We serve the world to yon at The Belvedere. JW (jfowyw* hfctnfc*rfwm 313 Orchard164 words
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Page 25 Advertisements
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Advertisement216 1991-11-09 25 AND ENTERTAIN jV> Family Sunday Brunch 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 plou oil 732-1222 ext 1582/1557. TMpfton* (66) 732 1222 U < <3 -V *> At Hai216 words
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Page 27 Advertisements
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Advertisement68 1991-11-09 27 $4.50 NOVEMBER 1991 SINGAPORE'S 25 A YOUNGER LOVER mm Mt-'\ -y MM dl ANSWERS TO DIFFICULT INTERVIEW QUESTIONS YOUR MARRIAGE CAN BE REBORN HIM TO COMMIT K# .f 7 if i r ritzy: romantic! From your newsvendor and at newsstands. Times the Bookshops 7Eleven and selected Shell stations. CALL THE68 words
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Page 29 Advertisements
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Advertisement127 1991-11-09 29 EXPRESS SHARE LOAN Turn your share «,> into cash m instantly at Get cash on the spot for your shares for 1,2 or 3 months at 1.1%* per month. Scripless counters are also acceptable. Rat (discounted) ONLY FROM: lllfclMSßMT* 220K8 MRU ft** T« *****35* BMB MM BraMk T« *****67 taMpM127 words
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Page 30 Advertisements
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Advertisement155 1991-11-09 30 DHL IN THE NEWS Advertisement DHL INTRODUCES EXPRESS LINE Newly introduced in Singapore by DHL Worldwide Express is the Express Line System, another simple-to-use time saving device, which enables customers to swiftly and conveniently book a package collection as well as check delivery details of shipments already sent out. TheDHL155 words
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Advertisement9 1991-11-09 30 Managers must manage. BT shows you how every Monday.9 words
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Page 31 Advertisements
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Advertisement16 1991-11-09 31 Say goodbye to s«H every Monday and Tuesday. With Finnair's new schedule. Call *****77 for details.16 words
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Advertisement11 1991-11-09 31 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page11 words
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Advertisement160 1991-11-09 31 DO YOU HAVE WHAT IT TAKES TO BE A GENERAL MANAGER? If you do, then SINGAPORE BUSINESS invites you to send in your application for this highly prestigious award the SINGAPORE BUSINESS OUTSTANDING MANAGER AWARD 1991. This award is open to all Singapore citizens and permanent residents aged 25-35 years160 words
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Page 31 Miscellaneous
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Miscellaneous298 1991-11-09 31 CRYPTIC CROSSWORD ACROSS French sea-girl? (7) Take off in spring (4) Getting redundancy it is taking one's attention (9,6) Currency in general I rarely use (4) A Zulu leader on the river in sky-blue (5) Left one in company of a Muse (4) Thrust oneself on others but rode dangerously298 words
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Miscellaneous122 1991-11-09 31 WEATHER World forecast Asia-Pacific Hi/Lo* Auckland 20/13 Bangkok 32/24 Beijing 08/-2 Brunei 31/24 Hongkong 23/18 Jakarta 31/24 Kuala Lumpur 31/23 Manila 31/22 Melbourne unav Perth 20/11 Seoul 11/01 Sydney 19/13 Taipei 22/15 Tokyo 20/08 Wellington unav Europe Hi/Lo* Aberdeen unav Amsterdam 09/00 Athens... 18/09 Belfast unav Birmingham unav Brussels 09/00122 words
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Miscellaneous32 1991-11-09 31 BnStcW: ftanlLDLcieng TCue, JOM£S... tffp+jpeJE. MPvN/g. GQN& TO IOFNUL.., ftUtHCH? Vf" (Thy contpct h*s VbeeH mpoc ReDUNDW.. r-x r" ,gmiGQP/) COULD happen to /HNyoUC C6PT F\ND me a o> SAVED! QMOOD 855632 words
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Page 32 Miscellaneous
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Miscellaneous1582 1991-11-09 32 TODAY'S TV gramme Summary. S.00 Simon Townsend's WonThe Big Combo, 8pm, SBC 12 The Perils of Penelope Pitstop, 8 20 m** S tory Great gangster movie about 11.30am, SBC 5 9.00 Children's Club (L). the duel between a persistent What will happen to our li'l w 10.00 The Begs Bunny1,582 words
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Miscellaneous658 1991-11-09 32 Movies on TV Mom 3.00pn, SBC 5 Movie about Dr Hunter S Thomson, 'Gonzo' journalist, and his fictional biography. Focuses on his story for Blast magazine about his crazed adventures with his sidekick, criminal lawyer Karl Lazlo. Lots to drink, even more drug absorption, and utter bewilderment for those unfamiliar658 words
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