The Business Times, 4 January 1992
1992-01-04
1
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The Business Times
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Title Section17 1992-01-04 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, January 4-5 1992 75*17 words
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NEWS & MARKETS SUMMARY
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Article22 1992-01-04 1 WALL STREET prices fell 5.37 points on the Big Board to 3,167.04 in the first five minutes of trading yesterday.22 words
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Article36 1992-01-04 1 LONDON shares were higher at midday yesterday on modest optimism over prospects for renewed investor interest in the New Year. At about 12:15 pm, the FTSE 100 index was up 16.7 points at 2,509.5.36 words
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62 1992-01-04 1 LONDON Britain's official reserves rose US$3B2 million in December, boosted by Saudi contributions for its efforts in the Gulf War and proceeds from the recent sale of government shares in British Telecommunications pic. But the figures released yesterday showed that if these factors62 words
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39 1992-01-04 1 PHNOM PENH The Phnom Penh government cancelled the release of 400 political prisoners yesterday after the International Committee of the Red Cross (ICRC) called it a propaganda show and refused to take part.39 words
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Article33 1992-01-04 1 THE Urban Redevelopment Authority is selling its property subsidiary Pidemco Land to another government agency. The talk in the market is that the buyer is Temasek Holdings Page 233 words
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Article26 1992-01-04 1 GUTHRIE GTS Ltd will make its second foray into the leisure industry by investing USSS.S million in a Laotian hotel Page 326 words
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Article30 1992-01-04 1 INDONESIANS can expect another tough year when President Suharto announces in Parliament on Monday the government's draft budget for fiscal 1992 starting from April 1 Page 530 words
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Article, Illustration28 1992-01-04 1 Friday Change BT-MGA 719.58 +1.80 Kuala Lumpur ....552.99 +0.83 Tokyo closed Hongkong 4,307.13 +5.35 Sydney 1,659.9 +12.0 Thursday Change New York 3,172.41 +3.58 London 2,492.8 -0.328 words
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Article24 1992-01-04 1 Exchange rates USS SS 1.6275 100 Yen S$ 1.3083 MS S$ 0.5977 Money nurktt ritw Overnight 3 1/4 +5/16 3-month 2 11/16 unch24 words
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Article36 1992-01-04 1 London Gold AM fix US$352.40 +USSI.20 Rubber S'pore Feb 128.25*/kg +1 M'sia Feb 212.00*/kg unch KL Tin Turnover 38 tonnes -34 Spot MSl4.83/kg -0.02 Crude palm oN Turnover 1987 lots +1177 Jan MS912.5 /tonne -1036 words
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517 1992-01-04 1 Salil Tripathi - Trip seen opening more business opportunities for US firms By Salil Tripathi SINGAPORE US President George Bush's visit which began last night is widely seen by the business community here as directing attention on Singapore for American companies looking for business opportunities517 words
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Article, Illustration125 1992-01-04 1 SINGAPORE The white and blue Air Force One jumbo jet carrying US President George Bush touched down at Changi Airport yesterday evening. Mr Bush was received by the Minister-in-attendance Brigadier-General Lee Hsien Loong, the Lady-in-atten-dance Mrs Lee, Foreign Minister Wong Kan Seng, Singapore's ambassador to the United States125 words
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290 1992-01-04 1 Reuter MOSCOW Russians greeted President Boris Yeltsin's shock therapy with a mixture of horror, resignation and hope but the full impact of free prices has yet to be felt. Many shops remained shut or empty as their wholesalers, uncertain howReuter - 290 words
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Article98 1992-01-04 1 It's good to fail sometimes KOH BOON HWEE is not someone you associate with failure. Yet failure was what the executive chairman of the Wuthelam group and chairman of Singapore Telecom wanted to talk about at a recent tete-a-tete with BT at the Raffles Hotel. In Executive Lifestyle today, Mr98 words
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364 1992-01-04 1 Chew Eng Han - By Chew Eng Han SINGAPORE Affin Holdings Bhd, the publicly-listed subsidiary of the Malaysian armed forces pension fund, is on the verge of closing a MS2OO million-plus deal to buy a majority stake in Perwira Habib Bank Bhd (PHB).364 words
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193 1992-01-04 1 Catherine Ong - From Catherine Ong in HONGKONG AMID double-digit inflation and a traditionally tight market for funds during the Chinese New Year season, Hongkong's leading banks yesterday kept interest rates unchanged. The decision by the Hongkong Association of Banks (HKAB) at their weekly meeting to hold193 words
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Page 1 Advertisements
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Advertisement96 1992-01-04 1 Nikon ItmrntWUnm tyKin. I Conversations Koh Boon Hww. A*craft Schedule EL Commodities 15 Company News 3 Cryptic Crossword EL }1 Executive Jot* EL 10 Futures ft Options J< Interbank Fore* Rates 1* KLSt 9 Money Changer Rates EL 11 Money Market Regional Stock Markets Ss i 2 S,ngaoore News Sports---96 words
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Advertisement14 1992-01-04 1 OPINIONS A look at time-based charging. EL 2 The bobble sum debate. EL 214 words
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Advertisement7 1992-01-04 1 PURSUITS Unauthorised biography of Madonna. EL 67 words
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Advertisement275 1992-01-04 1 B. I Newton hawkers: nasty or nice? EL 7 j* Cadence: a movie of L V missed H M opportunities. EL 7 Bush entourage looking for business in Japan, Pg 5 Lifting Khmer trade ban will open doors for US firms, Back Pg values. The movement of a watch is275 words
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Advertisement18 1992-01-04 1 ns Nikon Tlwttbrtd'aWw—l WiDlopipHH t|Hm FINANCE Merrill Lynch's investment themes for *92. EL 8 Managing debt EL 918 words
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Advertisement10 1992-01-04 1 JOBS Making a success 01 of private passions. EL 1010 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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Article131 1992-01-04 2 EMPLX)YERS can now pay their Central Provident Fund (CPF) contributions through a service called CPF Line, which uses the computer to send the CPF particulars of employees and the payments to the board. The payments are made through the interbank Giro system. CPF Line was launched131 words
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Article82 1992-01-04 2 UNION MEMBERSHIP rose to 214,300 last October, up by almost 1,800 since January 1991, according to the National Trades Union Congress (NTUC). Half of the 74 N|"UC-affiliated unions reported net increases in membership in October 1991. The month saw NTUC reap a net gain of 926 members,82 words
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229 1992-01-04 2 LOCAL financiers will have the opportunity later this month to listen to Karl Otto Pohl, who as president of the German central bank up to July last year was one of the most influential figures in world finance. Mr Pohl will be the guest229 words
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349 1992-01-04 2 Lee Han Shih - By Lee Han Shih THE Urban Redevelopment Authority (URA), which just announced a highly profitable year with a surplus of almost $130 million, said it was selling its property subsidiary Pidemco Land to another government agency. The sale was expected349 words
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Article, Illustration421 1992-01-04 2 Dawn Tan - By Dawn Tan WITH two weeks to the close of tenders in the sale of Marina Village International, there has been a new development in the fortunes of the complex and its erstwhile proprietor, Elyamani Khamis. BT has learnt that Mr Khamis, the 34-year-old Moroccan421 words
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241 1992-01-04 2 SOME of the Housing and Development Board's 17,700 shop tenants may be allowed to sub-let all or part of their premises. But those who wish to sub-let must first apply to the HDB, which will look at each case individually. The241 words
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SHIPS IN PORT
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Article565 1992-01-04 2 I tad H» Brti Untnl Pqwrtwt Vaaal tg Hp Br» Arm* Pqwrtn Marim Twmtaal 1 Edith M 12 alongsde 0401/0600 Batam Baru B117 M05 ab**e 04.01/2300 Smmebm J3 alongside 04 01/0700 Batam Sayang *****2 M04 alongside 03.01/2300 Pulau Jawa J3 alongside 04 01/0700 Batamndo 1 142S M02565 words
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Article203 1992-01-04 2 lilww Port Berth 1: Bunga Mas; 2: Riau; 3: Kota Indah; 4: Fayrouz No 1; 5: Artts Sea; 6: nil. 01 jetty: Chopm, Bumeugah, Centaur Prosperity. DC* nil. Ow on Jan 3: Bow Lancer. Alam Aman, Tristar No 1, Uni Mercy, Barge Josmdo Satu. Out on Jan203 words
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Article1041 1992-01-04 2 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Record Bookie/Balance Rstts SNp Voy No Etb/Btr Period From To From ten Jmhtm 3A 04/1800 1 03/1500 03/1659 03/1900 ACX Ruby 37A 05/1000 1 03/1500 03/1659 03/1900 2 03/1700 04/0659 04/0900 3 04/0700 04/1159 04/1400 Ma Btwm 124S 04/2300 11,041 words
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COMPANY NEWS
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Article, Illustration424 1992-01-04 3 Carolyn Lim - By Carolyn Lim SINGAPORE Publiclylisted Guthrie GTS Ltd is investing US$5.5 million (558.95 million) in what is one of the first hotels in Laos since the country recently opened itself to foreign investments. "This is the second foray for Guthrie424 words
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Article, Illustration407 1992-01-04 3 Selva Kumar - By Selva Kumar SINGAPORE After losing money for several years, Sembawang Engineering Pte Ltd (SEPL) turned around last year to register profits at the group level. Executive deputy chairman Tan Mong Seng said the better performance "after a long winter" was due to productivity407 words
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295 1992-01-04 3 SINGAPORE Singapore's Shangri-La Hotel Ltd, which has stakes in several regional hotels, is taking its first step into Malaysia's leisure industry with a minority stake in a MSBO million (SS4B million) Sabah tourist complex. The Kuok-controlled group said yesterday that it would take295 words
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COMPANY BRIEFS
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62 1992-01-04 3 KUALA LUMPUR The board of directors of MBf Finance Bhd said yesterday applications had been received for 214.40 million 50-sen shares offered in a rights issue which closed on Dec 27, 1991. Ninety-six per cent of the shares on offer were taken up. Unsubscribed62 words
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58 1992-01-04 3 KUALA LUMPUR Malaysia's Foreign Investment Committee has approved proposed agreements covering the disposal of Malaysian Plantations Bhd's entire interest in six subsidiary companies to Akuijaya Sdn Bhd, a Amalgamated Steel Sdn Bhd. Earlier, Amalgamated Steel said the FIC had approved the proposed acquisition of the58 words
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Article80 1992-01-04 3 SINGAPORE Singapore Airlines has a new company secretary Mathew Samuel, director of corporate affairs, has replaced Lucas Liew following Mr Liew's retirement. Mr Samuel, 49, is a law graduate of the University of Singapore and was previously company secretary of SIA between 1974 and 1985.80 words
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Article73 1992-01-04 3 SINGAPORE Hotel Negara has said that at the close its rights issue on Jan 2, acceptances for 7.43 million rights shares were received, amounting to 99.08 per cent of the 73 million shares offered. Applications for 237,000 excess rights were also received, the issue was therefore73 words
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Article33 1992-01-04 3 SINGAPORE Tat Lee Bank says it has appointed Mr Ong Lay Khiam as an additional director of its subsidiaries Tat Lee Securities and Tat Lee Securities (Nominees).33 words
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Article34 1992-01-04 3 SINGAPORE The Stock Exchange of Singapore has asked First Capital Corporation to disclose the net profits attribute able to A-Z Holdings Pte Ltd to the Exchange, for public release.34 words
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275 1992-01-04 3 Reuter NEW YORK Strong technical momentum and low US interest rates will fuel a 10 per cent rally in the Dow Jones Industrial Average and gains of up to 30 per cent in over-the-counter stocks this year, analysts say. "EverythingReuter - 275 words
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492 1992-01-04 3 MARKET TALK Reuter SEOUL The South Korean stock market soared yesterday, the day it became the last major Asian bourse to embrace liberalisation and open the doors to foreign investors. Overseas buy orders, estimated at anywhere from 50 billion to 100 billion wonReuter - 492 words
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241 1992-01-04 3 JAKARTA The Indonesian government has agreed to award three foreign investment companies contracts for copper, gold and kaolin exploration and production in the eastern part of the country, with favourable tax incentives, reported the Jakarta Post this week. Agreements on the contracts,241 words
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Page 3 Advertisements
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Advertisement144 1992-01-04 3 Innovation 3 Technology in Business Times on Tuesday Aim for a asianH&mK AEROSRACE'92 ASIAN AEROSRACE is considered one of the world s most important air shows. Three of our newspapers will be publishing a special feature in conjunction with this great The Stmtslimes exhibition of airpower. February 24,1992 Readers will144 words
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FINANCIAL NEWS
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SMALL CHANGE
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Article76 1992-01-04 4 HONGKONG HSBC Holdings pic's Hongkong and Shanghai Bank has opened a representative office in the northern coastal port and industrial centre of Qingdao, the group's 13th office in China. A statement issued by the bank Quoted the bank's Area Manager for China, Mr Anthony Russell,76 words
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Article80 1992-01-04 4 KUALA LUMPUR Malaysia's Southern Bank Bhd has raised its base lending rate (BLR) to 9.5 per cent, from 8.75 per cent, effective Jan 1, a bank official said. Southern Bank is the first bank to charge a BLR of above 9.0 per cent. Other banks80 words
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Article101 1992-01-04 4 LONDON Bank-lending through the international syndicated loan market contracted sharply in 1991, dropping to U*****.9 billion (*****.3 billion) from U*****.7 billion in 1990, Euromoney Publications pic said in a year-end report. UK, Italian and German borrowers in 1991 raised roughly half the amounts seen in 1990,101 words
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Article85 1992-01-04 4 BONN Two savings banks in and near Bonn are considering a merger that could lead to the creation of Germany's 10th largest savings bank, Mr Wolfgang Riedel, management board member of Sparkasse Bonn, told reporters. A merger with Kreissparkasse Siegburg would be sensible, in view of85 words
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281 1992-01-04 4 Reuter LGNDON Banks linked to Maxwell Communication Ct>rp pic (MCC) could be prepared to lend new money as it looked likely that full control of the group would pass out of the board's hands to court-ap-pdinted administrators, bankers said. Tuesday'sReuter - 281 words
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321 1992-01-04 4 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Bank Negara Indonesia 1946 has just obtained a US$65 million (S$ 105.3 million) loan to refinance its borrowings. The loan for the largest state commercial bank attracted substantial interest and was oversubscribed by almost twice the amount syndicated. In321 words
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749 1992-01-04 4 TOKYO Japan's embattled stockbrokers are not the only ones suffering from the protracted downturn in Tokyo share prices. In the wake of the market's decline, non-Japanese securities houses are also undergoing a major shake-up. For some, extinction looms. Others are expanding.749 words
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757 1992-01-04 4 UPI NEW YORK The banking industry begins 1992 much the same way it began 1991 with Citicorp easily continuing to hold sway as the biggest bank holding company in the US. But the financial giant's hegemony is about toUPI - 757 words
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Article, Illustration490 1992-01-04 4 DBS Bank weekly currency review Selling into rallies is recommended USD/DM: outlook remains bearish After closing below the support of 1.5540 on 20 December 1991, the US dollar declined to a low of 1.5025 on 27 Dec 91 before recovering to consolidate between 1.5110490 words
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Page 4 Advertisements
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Advertisement292 1992-01-04 4 SEMBAWANG SHIPYARD LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF THE COMPANY NOTICE IS HEREBY GIVEN that at the Extraordinary General Meeting of the Shareholders of the Company to be held at The Lecture Theatre, 4th Level, NOL Building, 456 Alexandra Road,292 words
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Advertisement7 1992-01-04 4 Dollar's woes; what the charts show; ELB7 words
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THE REGION/THE WORLD
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468 1992-01-04 5 Reuter JAKARTA Indonesians with few fond memories of 1991 economic life face a new year of even more belttightening abroad and a cashstrapped government that shows little sympathy for businesses paying the highest interest rates in Asia. President Suharto will announce the government's draftReuter - 468 words
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Article, Illustration47 1992-01-04 5 Reuter NEW YORK A new sign being cut for the Russian Federation at the sign shop of the UN headquarters in New York. The Russian Federation takes the permanent seat of the former Soviet Union at the UN Security Council.Reuter - 47 words
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Article, Illustration394 1992-01-04 5 BANGKOK The Thai tourism industry may have to look for better prospects in the medium term rather than expect good fortune this year because the market will not recover easily, according to many working in the industry. While many of those questioned believe394 words
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WORLD WATCH
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143 1992-01-04 5 BANGKOK During the first nine months of 1991, production fell in at least 30 of the 48 state-owned industrial units in Vietnam's capital, Hanoi, the state news agency reported. The total value of production during the nine months was only 58 per143 words
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Article126 1992-01-04 5 MANILA An International Monetary Fund (IMF) team is scheduled to arrive in Manila on Monday to conduct what is hoped to be the final review of the Philippine economic stabilisation programme for 1992, finance officials said. The review mission led by senior official Bruce Smith126 words
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Article78 1992-01-04 5 SEOUL Prospects are brighter than ever for swift progress in normalising ties between South Korea and China, once its bitter enemy, a foreign ministry spokesman said. He said hopes were based on greatly improved trade relations between the two and on the progress made in a78 words
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Article82 1992-01-04 5 NICOSIA Saudi Arabia said because of the Gulf crisis it spent 472 billion riyals (Ss2o4 billion) in 1990 and 1991, almost double the expenditure initially projected. Ths~ finance ministry gave the figure in a statement carried by the official Saudi Press Agency after King Fahd briefed the82 words
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Article104 1992-01-04 5 V M. SEOUL South Korea received US$3.O3 billion in construction orders from overseas last year, up 42 per cent from the previous year, officials said Friday. Officials at the' Overseas Construction Association of Korea, a private group of contractors, attributed the increase to a rise104 words
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565 1992-01-04 5 Reuter PARIS The paradox stands out, even in a topsy-turvy world. As the former Soviet Union risks social unrest by abruptly abolishing most price subsidies, rich industrial nations are giving a cold shoulder to free markets by refusingReuter - 565 words
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538 1992-01-04 5 The US manufacturing sector NYT WASHINGTON The US industrial economy, stalled by declining orders and lower production, contracted in December for the third consecutive month, to its lowest level since May, US purchasing managers said. The report was the first significant indication ofNYT - 538 words
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486 1992-01-04 5 AP WASHINGTON Factories in a dozen other industrial countries have to pay more for an hour of labour than manufacturers in the United States, according to a new study by the US Labour Department. The cost to the employer of anAP - 486 words
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601 1992-01-04 5 NYT WASHINGTON For all the Japanese fears that the business executives joining US President George Bush on his Asian trip are coming to protest their trade policies, many of these leaders will probably bear a friendlier message. Many haveNYT - 601 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3497 1992-01-04 6 Salil Tripathi - By Salil Tripathi WHEN THE big cat's away, the mice come out and play. But how much can mice do to lift something as sturdy as the Straits Times Industrial Index? Precious little. Which is exactly what happened at the Stock Exchange of Singapore3,497 words
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Article, Illustration68 1992-01-04 6 Chew Eng Han - By Chew Eng Han Comment ALTHOUGH QAF may push marginally higher, caution is warranted as daily technicals are extremely overbought. 13day RSI is at 85, and stochastks are stretched to the upper limit of 100%. Look out for a downward retracement soon. Suggest taking profits at current levels.68 words
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Article2904 1992-01-04 7 FELS 50* 650 +25 +4.0% DBS 1140 +20 +1.8% C&C 595 +15 +2.6% FELS Wt 274 +11 +4.2% City Dev Rts 115 +10 +9 5% SIA Foreign 2090 +10 +0.5% Spore Bus 500 650 +10 +1.6% City Dev 50* 404 +8 +2.0% Inchcape 450 +82,904 words
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Page 7 Advertisements
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Advertisement10 1992-01-04 7 ASIAN AEROSPACE 92' A special BT Supplement Feb 25, 199210 words
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Article3169 1992-01-04 8 Leader U 402 +26 +6.9% Kian Joo 50* 372 +12 +3.3% Oriental Hldgs 515 +10 +2.0% M Cement 50« 232 +5 +2.2% G Lumber 149 +4 +2.8% Guinness 50« 292 +2 +0.7% Pegi Msia 52 +2 +4.0% Asia Pac Ld 50« 33 +1 +3.1% MUI3,169 words
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Page 8 Advertisements
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Advertisement18 1992-01-04 8 The smart addition to your research department 1 is only a phone call away Telephone: *****63, *****66, *****8918 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4810 1992-01-04 9 Bernama INVESTORS in the Kuala Lumpur stock market seemed doubtful of the traditional January run-up and their hesitance saw share prices closing slightly easier yesterday in thin trading. The KLSE Composite Index at the close added 0.83 of a point to 552.99 while theBernama - 4,810 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2146 1992-01-04 10 Reuter THE Stock Exchange of Thailand Index ended 0.21 point lower at 711.81 yesterday, but 164 shares finished lower against 57 gainers, with heavy trade in the Bangkok Bank issue and others in the banking sector. Their gains helped cushion the index,Reuter - 2,146 words
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JAKARTA STOCK EXCHANGE
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988 1992-01-04 10 Reuter JAKARTA share prices ended little changed in moderate trade in yesterday's usual half-day of trade, with the index 0.44 of a point higher at 247.-39, brokers said. They said many investors were still on holiday. The turnover rose to 3.11 million shares comparedReuter - 988 words
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Page 10 Advertisements
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Advertisement9 1992-01-04 10 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF BUSINESS TRENDS I9 words
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Advertisement6 1992-01-04 10 *M£\ 11 V <.' |A|M| fiYciV Monday.6 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2558 1992-01-04 11 AP SHARE PRICES on the Hongkong stock exchange closed at a record high for the fourth consecutive session yesterday in light trading. The Hang Seng Index, the market's key indicator of blue chips, gained 5.35 points, closing at 4,307.13. Turnover totalled HKS966 million,AP - 2,558 words
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BT SHARE INFORMATION SERVICE
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1626 1992-01-04 11 Trans Registered Substantial Buy/ No. of Amount Shareholding Stock Data Holder Shareholder/Director Soil shares Before After F&N 02/01/92 Oversea-Chinese Banking Corpn Ltd B 3.000 26,486 000 42,002.720 23.81 42.005.720 23.81 F&N 31/12/91 Oversea-Chinese Banking Corpn Ltd B 11,000 96.541.000 41,991,720 23 80 42,002,720 23 81 SlA 30/12/911,626 words
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Article168 1992-01-04 11 Jacks kitanufaul Ltd: EGM at 11 Jalan Lembah Kalang, Singapore 1233, on Wednesday, Jan 8, at 11am. Jwnf Cement Ltd: EGM at 2 Finiayson Green #03-08, Asta Insurance Building, Singapore 0104, on Thursday, Jan 9, at 11am. Mctroptei Bhd: EGM at Sabah Room, Level 3, Putra World Trade168 words
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Article501 1992-01-04 11 Company Rights Issue Mbnci Tadi One-tor-one SI 00 per stare Baton Issue of J90 9 78m normal amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 489m detachable warrants on the bass of $2 nominal amount of Bonds for every three ensbng shares held Ewry $2 nomral501 words
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Article105 1992-01-04 11 Conversion Special Trdf Scripiess Conversion deadline Period Trading Com pan> starts (IDP) (ST) starts City Dev Dec 26 Jan 16 Jan 6 Jan 16 Jan 17 H Negara Nov 25 Dec 12 Dec 3 Dec 12 Dec 13 HTP Hldy:«. Sep 16 Oct 10 Sep 30 Oct 10105 words
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Article236 1992-01-04 11 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 ri(h: 1234 86 3/1/92) 1992 1480 89 (3/1/92) 1992 tor. 1232.84 (2/1/92) 1992 1479 35 (2/1/92) 1991 htft 1333 08 (3/6/91) 1991 *****8 (3/6/91) 1991 to* 1022.52 (16/1/91) l" 1 *****8 06/1/91) 1990 to* 1435 43 (16/7/90) 1990 N* *****2236 words
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Page 11 Advertisements
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Advertisement7 1992-01-04 11 The Tokyo stock market was closed yesterday.7 words
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AUSTRALIAN STOCK EXCHANGE
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2380 1992-01-04 12 Reuter SHARE PRICES in the Australian stock market closed sharply higher yesterday in a day of largely futures-driven trade but again in very thin volumes. Brokers said speculation that the Federal government will cut official interest rates as early as the coming MondayReuter - 2,380 words
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REGIONAL STOCK MARKETS
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Foreign orders swamp Seoul bourse
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Article193 1992-01-04 12 THE SEOUL stock market, which opened to direct but limited foreign investment yesterday, surged to end a truncated two-hour session 13.31 points higher at 624.23, final Korea Securities Computer Corp figures showed. The final figures were released two hours after the market closed, superceding the 12.96 point gain to193 words
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Article45 1992-01-04 12 INDICES TURNOVER Close Jaa 3 Previous NEW ZEALAND NZSE-40 Capital closed 1,504.78 MANILA Composite Index 1,221.16 Turnover (million) 1,650 1.172.78 +48.38 539.7+1.110.3 TAIPEI Weighted Price Index Turnover (NTS billion) closed 4.600.67 29.13 SEOUL Composite Stock Index 624.23 Turnover (billion won) 104.17 610.92 268.8 13.31 -164.6345 words
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Article72 1992-01-04 12 BOMBAY Stock Exchange share prices, boosted by new account trading yesterday, pushed the exchange index to a new high of 2,007.22 in the course of the session before it slipped slightly to close up 1.4 per cent from Thursday, brokers said. The 30-share BSE Index opened at 2,006.66 and72 words
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Article526 1992-01-04 12 PHILIPPINE stocks closed sharply higher yesterday on aggressive buying driven by Wall Street's rally and positive outlook for the local economy. "Trading was very aggressive, like a mini bull run," said Mr Patrick Garcia, vice-president at L M Garcia and Associates. "Of course, we expect to see the natural526 words
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Page 12 Advertisements
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Advertisement7 1992-01-04 12 The Seoul share prices were not available.7 words
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Advertisement9 1992-01-04 12 The Taiwan and New Zealand stock markets were closed9 words
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Advertisement223 1992-01-04 12 The Straits Times Wfeekly Overseas <- Edition. A crisp summary of happenings in Singapore. Politics, the economy, investment opportunities,appointments... And snippets on Malaysia and Asean A convenient tabloid delivered toyoueveryweek,whereever you may be. Subscribe now. n <% And be in touch. Making an issue of the major news I MHtfcMtlltliMdWl223 words
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WORLD STOCK MARKETS
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Dow extends winning streak for 8th day
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Article, Illustration1356 1992-01-04 13 STOCKS CLOSED narrowly mixed in active trading on Thursday as the blue-chip sector extended its winning streak for the eighth straight day and the broad market succumbed to a prof-it-taking hangover. A late flurry of computer-guided buy programs helped the blue-chip sector resurface from a 30-point plunge and1,356 words
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Article, Illustration719 1992-01-04 13 A SLIDE at the start of trading on Thursday on Wall Street spiked a blooming New Year rally on the London stock exchange, where shares had been running ahead of themselves on the back of a strong futures market, a firm pound and tip-induced buying. Traders were unsettled by719 words
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Article292 1992-01-04 13 DESPITE a buoyant start, Dutch shares on Thursday were deflated by profittaking on Wall Street and closed a thin, technical session off earlier peaks. The EOE index closed 2.80 points higher at 279.80. nearly one point shy of a day-high of 283.53 made earlier as Amsterdam sought to make292 words
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Article79 1992-01-04 13 INDICES TURNOVER NEW YORK Close Previous Jan 2 Dow Jones S&P 500 Turnover (million) 3.172.41 417.26 207.57 3.168.83 417 09 248.54 3.58 +0.17 -40.97 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.886 0 2.492.8 452.7 1.891.6 2.493.1 306 7 -5.6 -0.3 •146 FRANKFURT DAX Index 1601 88 1.577 9879 words
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Article203 1992-01-04 13 FRENCH share prices idled lower in very quiet trade on Thursday, as operators took profits after a technical rally during end-of-year trading, dealers said. The CAC-40 index ended 10.74 points lower at 1,754.92. Firm bond prices helped during the morning, but their impact had worn off by midsession, and203 words
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Article194 1992-01-04 13 ITALIAN shares traded by open outcry closed the first session of 1992 -unchanged in extremely thin trading on Thursday with many operators away from the market until next Tuesday, the end of the traditional holiday period. The MIB All-Share Index, closed unchanged from Tuesday's 991. The index was rebased194 words
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Article90 1992-01-04 13 PRICES on the Stockholm bourse ended the first day of trade in 1992 slightly weaker but well above the day's lows in low volume with many investors still on holiday. The bourse general index closed 0.65 per cent down at 906.22 in turnover of 209 million crowns. Electrolux free90 words
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Article332 1992-01-04 13 THE Brussels bourse held on to its 1.44 per cent gain at the close of its first 1992 trading day on Thursday, pushed by a strong rally in Delhaize. The Bel-20 index of leading shares rose 15.74 points to 1,108.46, just oflf its day high of 1,109.02. which represented332 words
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Article388 1992-01-04 13 THE Johannesburg stock market eased slightly on Thursday in listless post-hol-iday trading. Dealers said activity is likely to remain at low levels and hopefully pick up again next week. Gold shares continued to be weighed down by weak international precious metal prices, but industrials remained basically firm on support388 words
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Article331 1992-01-04 13 TORONTO stocks bounced back in afr ternoon trading on Thursday but stiH closed lower on the day after profit-talo-ing and a slump in gold prices put an end to the dramatic advances of the lasi few days of 1991, traders said. "After the significant gains in thi last 10331 words
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Article298 1992-01-04 13 Frankfurt Jan 2 DM Aeg 201.50 3.00 BASF 226.60 7.10 BMW 479.00 6.50 Bayer 281.40 3.90 Bayer Vereinsbank 408.00 -I- 3.50 Commer/bank 251.30 3.80 Conti Gummi 205.80 -1.20 Daimler-Benz 755.00 +13 Deutsche Bank 683.70 12.7 Dresdner Bank 328.50 1.70 Hoechst 227.50 3.60 Hoesch 243.00 -5.00 Horten 172.00 -1.00 KHD 132.00298 words
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Page 13 Advertisements
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Advertisement8 1992-01-04 13 Other markets in Europe, South Africa and Canada8 words
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Advertisement29 1992-01-04 13 The Swiss bourse was closed on Thursday. The Frankfurt stock market report was not available. Executive Jobs every Saturday in Business Times Enterprise Management in Business Times every Monday29 words
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CURRENCY, MONEY & FUTURES MARKETS
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1215 1992-01-04 14 REPORTS THE US dollar opened in Europe sharply above Thursday's closing level against the deutschemark and moderately higher against most other currencies yesterday, but trade remained thin. Dealers said the dollar's rise had come on profit-taking against the mark after1,215 words
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Article386 1992-01-04 14 Cross rates Jan 3 USS S$ MS Dm Yen SFr AS NZS USS 1.6290 2.7250 1.5290 124.50 0.5356 1.3645 1.3228 1.8519 SS 0.6139 1.6728 0.9386 76.4273 0.3288 0.8376 0.8120 1.1368 MS 0.3670 0.60 0.5611 45.6881 0.1966 0.5007 0.4854 0.6796 Dm 0.6540 1.0654 1.7822 81.43 0.3503 0.8924 0.8651386 words
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Article529 1992-01-04 14 Interbank rates hhm Offer Overnight 3 1/4 1-month 2 5/8 2-month 2 11/16 3-month 2 11/16 Overnight mode: 2 3/4 3 1/2 2 3/4 2 13/16 2 13/16 LS$ Bid Offer 7 days 1 month 2 months 3 months 6 months 9 months 12 months 4 5/16 4529 words
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Article, Illustration512 1992-01-04 14 Reuter, AFP LONDON The governor of the Bank of England, Robin Lcigh-Pembcrton, said on Thursday he was against revaluation of the German mark as sought by some member states of the European Monetary System (EMS). A hike in British interest ratesReuter,; AFP - 512 words
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181 1992-01-04 14 Reuter BUENOS AIRES Argentina has switched its currency denomination to peso, knocking four zeros off the inflation-tattered austral. The Peronist government had announced the inception of the new currency earlier last year. One peso will be equivalent to 10,000 australs. In April, Congress passedReuter - 181 words
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Article1022 1992-01-04 14 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Mar 92 95.94 95.96 95.94 95.95 356*1 ***** 3370 Jun 92 95.86 95.87 95.85 95.86 2151 ***** 1210 Sep 92 95.66 95.68 95.65 95.66 1629 7950 1632 Dec 92 95.19 95.23 95.19 95.21 I486 2702 592 Mar 931,022 words
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Page 14 Advertisements
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Advertisement5 1992-01-04 14 Chartpoint in BT every Saturday5 words
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COMMODITIES
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Article, Illustration715 1992-01-04 15 Bernama KUALA LUMPUR The year 1991 continued to be a difficult one for Malaysia's rubber and tin industries, when the country lost its position as the world's largest producer for both commodities, now plagued with depressed prices. As for cocoa, despite theBernama - 715 words
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772 1992-01-04 15 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market ended two Malaysian cents lower at M$ 14.83 per kg due to higher offerings yesterday, dealers said. They added that trading on the local market saw a correction which held772 words
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Article1373 1992-01-04 15 Rubber j an 3 KM m >■»») S cents/kg Noon Close Int I RSS Prompt I27.25/I28.25N I27.7VI28.75N lilt 1 RSS Feb 92 I27.7V128.25 128.2VI28.75 Int I RSS Mar I28.2V128.7S I28.7V129.25 Int 2 RSS OP 125.7VI26.75N I26.2V127.25N Int 3 RSS OP 122.75/123.75N I23.25/124.25N Int 4 RSS OP I21.2VI22.25N I2I.7VI22.75N Int1,373 words
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Page 15 Advertisements
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Advertisement7 1992-01-04 15 Enterprise Management in Business Times every Monday7 words
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Advertisement1236 1992-01-04 15 BUSINESS TIM E__S__ ToW »r— TM No 737 OOP Pmk No 734 3666 IN THE MATTER Of THE COMPANIES ACT. (CAPSO) AND IN THE MATTER Of WANQ COO—KIEN CONSTRUCTORS PTE LTD UquldaMon) NOTICE Of fINAL MEETING Of MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Compamaa Ad.1,236 words
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421 1992-01-04 16 Harish Mehta - Oil exploration holds promise for US companies From Harish Mehta in PHNOM PENH CAMBODIAN officials have welcomed the likely lifting of the US trade embargo on their war-ravaged nation. The move which overseas sources have said may be announced by US President421 words
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349 1992-01-04 16 Dexter Lee - By Dexter Lee SINGAPORE Singapore Airlines has joined a growing list of international carriers that have stopped carrying wild birds that are for sale on their aircraft. Carriers, being the primary means by which wild birds are exported to the US and349 words
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Article, Illustration357 1992-01-04 16 Reuter BEIJING Japanese Foreign Minister Michio Watanabe arrived here yesterday for a four-day visit, during which he is expected to discuss North Korea's nuclear plans and a proposed visit by Emperor Akihoto, officials said. Mr Watanabe will do most of his businessReuter - 357 words
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394 1992-01-04 16 Reuter HONGKONG Hongkong has told the US it is deeply concerned by US plans to slap punitive tariffs on imports from China this month if talks on a trade dispute fail, Secretary for Trade and Industry T H ChauReuter - 394 words
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222 1992-01-04 16 Reuter JAKARTA An angry Indonesia warned Australia yesterday that relations could be at risk after a crowd protesting over November's Indonesian army massacre in East Timor harassed its diplomats in Canberra. "We want those actions stopped. If they are not stopped they will clearlyReuter - 222 words
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Article, Illustration327 1992-01-04 16 Shoeb Kagda - By Shoeb Kagda SINGAPORE The Russian flag was finally hoisted over the former Soviet embassy in Singapore yesterday, marking the official transfer of power to Boris Yeltsin's government. An embassy official said all former Soviet embassies were now flying the new red, blue and327 words
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332 1992-01-04 16 Reuter WASHINGTON The US is making plans to transfer a navy logistics command to Singapore from Subic Bay naval station in the Philippines, according to administration officials. The tentative transfer of up to 145 navy personnel, who arrange port calls and otherReuter - 332 words
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411 1992-01-04 16 AFP JERUSALEM Israel's decision to expel 12 Palestinian activists from the occupied territories yesterday threatened the resumption of Middle East peace talks in Washington. Palestinian negotiators delayed their departure for the talks in protest at what spokeswoman Han an Ashrawi condemned as anAFP - 411 words
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320 1992-01-04 16 AFP BANGKOK Thailand's armed forces chief, saying only the military is able to! "solve problems", has refused to rule out a coup after elections aimed at returning the country to civilian rule early this year. General Suchinda Kraprayoon, who madeAFP - 320 words
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Page 16 Advertisements
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Advertisement6 1992-01-04 16 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement6 1992-01-04 16 chartpointJ Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1871 1992-01-04 17 Margaret Thomas - It's good to fail sometimes He is in favour of firm government. But to be firm without also being flexible can mean a culture of caution and inaction, says Koh Boon Hwee. He discusses his thoughts about Singapore with Margaret Thomas CONVERSATIONS AT RAFFLES Margaret Thomas FOR a man mostPhoto by Chris Loh - 1,871 words
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STRAWS IN THE WIND
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Article83 1992-01-04 17 ONLY in Penang. One BTer holidaying on the island passed a couple of cars that had just collided. Nothing unusual, given the driving style there. What was unusual was that the number-plates had been removed from both vehicles. Local explanation: to keep bet-happy passers-by from "banging"83 words
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Article38 1992-01-04 17 SOME years ago, following the successful Hongkong TV serial Chameleon, a company named itself after that series. Well, someone must have liked Twin Peaks just as much: A rubber broker has just registered itself as Twin Peaks.38 words
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Article52 1992-01-04 17 AS FOR economists who predicted an economic recovery in the US but kept pushing the event back and refusing to admit they were wrong when the recovery failed to arrive, UK chartist David Fuller has this comment to make: "Even a stopped clock is right twice52 words
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Article36 1992-01-04 17 A DEPARTMENT store in Singapore is reported to be selling unisex 'health 1 panties. It claims it prevents Aids and other sexually-transmitted diseases. Because once you put them on you can't get them off?36 words
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OPINIONS
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Article, Illustration958 1992-01-04 18 Teck Sun - It's the Great Chewing Gum Debate. Or is it? Toh Teck Sun picks up where the others left off Teck Sun THERE are times when you instinctively feel that a certain decision is wrong, that somebody has made a mistake or over-reacted. That feeling must have been958 words
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Article976 1992-01-04 18 Sree Kumar - Sree Kumar says that a company's financial statements should contain enough for the consumer to gauge its degree of operating efficiency Sree Kumar The writer, formerly a management consultant, is currently a research fellow at the Institute of South-east Asian Studies. The views expressed are entirely976 words
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Article, Illustration636 1992-01-04 18 Margaret Thomas - Conversations at Raffles Margaret Thomas gets Koh Boon Hwee's opinion on government-linked companies Margaret Thomas KOH BOON HWEE may argue a case for greater tolerance of criticism in Singapore, but until this has come about, he too treads with care when asked to comment on636 words
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SPORTS
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Article, Illustration748 1992-01-04 19 Paris-Cape Town Rally Agencies N'DJAMENA, Chad In the seventh stage of the Paris-Cape Town Rally, which passes through Chad, the three leading Mitsubishi Z Pajeros fled N'Djamena for *}he next halt at Sarh, along with the rest of the rallying entourage, as rebelAgencies - 748 words
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Article, Illustration791 1992-01-04 19 NYT «TNEW YORK Skiers want •-clothing that is light enough to enable them to move freely but warm enough so that they will enjoy a long day on the slopes. Retailers in ski regions throughout New England and other parts of the countryNYT - 791 words
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527 1992-01-04 19 NYT NEW YORK Blame for the charity basketball game at which nine people were fatally crushed at City College last weekend went around and around again on Thursday amid disclosures that the event was produced with an unusual contract, with no liability insurance andNYT - 527 words
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SIDE LINES
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98 1992-01-04 19 ST LOUIS, Missouri National Basketball Association commissioner David Stern is the most powerful person in sports, according to The Sporting News. The American sports weekly newspaper's second annual listing of the 100 most powerful people in sports, released on Thursday, was dominated by98 words
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Article85 1992-01-04 19 JOHANNESBURG South Africa has been readmitted as a full member of the African Tennis Confederation, Tennis South Africa secretary-general Moss Mashisi announced on Thursday. The ATC took the decision at a meeting in Abidjan earlier this week, after South Africa was forced out of world tennis in85 words
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Article118 1992-01-04 19 NEW DELHI Former Indian captain Sunil Gavaskar yesterday accused Australian umpires of partisan decisions in the test series in Australia. "Hope readers back home are getting an idea what the India team is up against. Not 11 but 13 players," Gavaskar wrote from Sydney in a syndicated118 words
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Article135 1992-01-04 19 SYDNEY Australia announced here yesterday its Davis Cup team to play Yugoslavia in Cyprus from Jan 31, recalling to the side top-ranked doubles player John Fitzgerald. Tennis Australia president Geoff Pollard named the team to play in the first round world group tie as Fitzgerald,135 words
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Article89 1992-01-04 19 BOLZANO, Italy Italy's Peter Runggaldier, his hopes of Olympic glory destroyed by a serious knee injury, has vowed to return to Alpine skiing in time for the start of next season. Runggaldier, silver medallist in the downhill at last year's world championships, badly damaged ligaments in his right89 words
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EPICURE
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Article670 1992-01-04 20 Quek Swee Peng - Quek Swee Peng decides to start the new year as a fairweather vegan Quek Swee Peng -INTO every new year comes the desire to do right. It seems incredibly easy to cut back on rich and unhealthy food just after the over-indul-gent festivities. Indeed, it was670 words
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LIFESTYLE
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Article, Illustration815 1992-01-04 21 Sangeeta Mulchand - Want some good, fancy-looking jewellery without paying the earth for it? Sangeeta Mulchand suggests a dekko at some Sangeeta Mulchand The concept is an interesting one: selling "bridge" jewellery (which is middle to upmarket) on conveyor belts (the ultimate in mass marketing). And giving discounts (which is what815 words
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Article, Illustration332 1992-01-04 21 Sybil Holloway - BRIDGE By Sybil Holloway Records feu left, right and centre during the 63rd Summer North American Bridge Championships, which took place in Las Vegas last July and August. The overrall attendance was an all-time record of 24,221 tables. On the first Sunday,332 words
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Article208 1992-01-04 21 WITH a reputation for being the "middle-class alternative," bridge jewellery basically gives you the glitter of fine jewellery without making you pay its weight in gold. Which means that this "in-between" is cheaper than fine jewellery, but of a better quality and finish than costume208 words
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Article, Illustration847 1992-01-04 21 N K Yong - WINE By N K Yong Although one is a year older at the beginning of yet another new year a fact that some of us do not want to be reminded of a great compensation is that wines are also one847 words
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PURSUITS 1
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Article, Illustration911 1992-01-04 22 Christopher Andersen's biography of Madonna is a tribute to the woman he calls 'Our Lady of Perpetual Promotion' Madonna Unauthorized by Christopher Andersen Simon Schuster 340 pages, $29.95 Reviewed by Nirmal Ghosh LIKE its subject, this book has a luscious embossed cover: a picture of Madonna in911 words
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Article, Illustration747 1992-01-04 22 RINGO LIEW - CD Review By RINGO LIEW VARIOUS ARTISTS: My Girl Original Motion Picture Soundtrack Saturday Night Fever proved to Hollywood that a film soundtrack had as much profit potential as the film itself, if not more. Since then, the business of putting together the music for a747 words
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Article, Illustration1254 1992-01-04 22 The big record companies appear to be betting on everything at the same time. But is that the best strategy? The Economist THE SIX major record companies Time-Warn-er, Thorn-EMI, Bertelsmann, Sony, Matsushita and Philips whose various labels account for about three-quarters of sales in mostThe Economist; Source: Company reports - 1,254 words
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Article, Illustration1105 1992-01-04 23 Chuang Peck Ming - Are Newton hawkers really as rude as some of them have been made out to be? Chuang Peck Ming finds out Chuang Peck Ming IN THE darkness of the night it's the only bright spot in the vicinity of Newton Circus. Like light at1,105 words
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Article, Illustration661 1992-01-04 23 Susan Tsang - There's a lot going for a movie like Cadence: good material, interesting ideas and a cast that does its best. What a pity it has been given such cursory treatment, observes Susan Tsang Susan Tsang WE HAVE all heard about what a closelyknit family Martin Sheen has, and661 words
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Article, Illustration646 1992-01-04 23 Susan Tsang - Susan Tsang is grateful for the absence of cloying cuteness in the stage version of The Sound of Music Susan Tsang ONE PROBLEM with a musical like The Sound of Music is that almost everyone in the audience is familiar with the movie version.646 words
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PERSONAL FINANCE & INVESTMENT 1
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Article1016 1992-01-04 24 Shoeb Kagda - Shoeb Kagda discusses the 10 themes in Merrill Lynch's Asian Investment Strategy report for 1992 Shoeb Kagda The year 1992 will start with a bang for Singapore with US President George Bush in town during the first weekend. He is followed by Chinese President Yang1,016 words
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Article843 1992-01-04 24 Quak Hiang Whai - Quak Hiang Whai finds David Fuller bearish on stock markets right now Quak Hiang Whai UK-BASED chartist David Fuller is still bearish about the current trading season. Writing in the December issue of his international investment letter Fuller Money, Mr Fuller noted that European stock843 words
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Article, Illustration696 1992-01-04 24 Hajeeb Jarhom - CHART By Hajeeb Jarhom The writer is research manager at Fraser Securities THE CLOSING days of 1991 saw a run-up in share prices and a range of optimistic targets for the Straits Times Industrials Index (STII) for 1992. These range from 1600 to as696 words
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1005 1992-01-04 24 Jonathan Fuerbringer; Chew Eng Han - As Jonathan Fuerbringer discusses the greenback's woes, Chew Eng Han deciphers the message of the charts Jonathan Fuerbringer Chew Eng Han NYT AS THE new year begins, the US dollar is falling, just like last year. But analysts are not expecting a suddenNYT - 1,005 words
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Article, Illustration206 1992-01-04 24 Deutschemark: Likely to be the premier currency for 1992, at least for the earlier part of the year. Based on the Elliot Wave count, the greenback's decline is not complete yet. The current upward correction in the dollar is likely to stall at around 1.5350-1.5400. A206 words
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Article, Illustration1085 1992-01-04 25 Amy Balan - Amy Balan shows the way to stretch your finances as far as possible by... Amy Balan DON'T PAY today what you can pay tomorrow. It is not a question of being late on your dues but of managing debt. Debt is a fact of life today. Getting into1,085 words
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JOBS
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Article, Illustration1003 1992-01-04 26 Minoo Daryanani - What do brain surgeon Gopal Baratham, Mexican ambassador to Singapore Manuel Uribe-Castaneda and lawyer Philip Jeyaretnam have in common? Minoo Daryanani finds out Minoo Daryanani SINGAPORE brain surgeon Gopal Baratham is a man in two minds. He cannot decide >Iwhether the pen is mightier the sword, or in1,003 words
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Article, Illustration371 1992-01-04 26 Ms Merry Bateman has been appointed Manager at •McCann-Erickson Singapore, at its new direct marketing division. She has also been ■named Vice-President of !McCann-Erickson Asia-Pacif-ic with regional direct marketing responsibilities. < Ms Bateman has over 15 years of experience in direct response advertising in the .tJS, Asia and371 words
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Article883 1992-01-04 26 In 1986, a law was passed in Japan banning sexual discrimination in the workplace. But things haven't changed all that much, say Japanese women Asahi JAPANESE women said in a recent survey that they are not gaining equal status with men in the workplace, despite theAsahi - 883 words
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Article1177 1992-01-04 27 Ctt > FHfM ETA FWgM ETC City Flight ETA FHfM ETO Ajw MjjjM GA890 0050 KuaU Lumpur MH640 0715 SQ102 0730 U4«U| acq i I o-yi 7 o i vi MH630 0855 MH604 0740 ■oaiawa QF81 1820 SQ227 2130 SQ103 0950 SQI04 0830 MH605 1020 MH/SQ6701,177 words
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THE TRAVEL PAGE
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Article, Illustration668 1992-01-04 27 Harish Mehta - POSTCARD FROM PHNOM PENH By Harish Mehta The return of Prince Norodom Sihanouk to this beautiful but decaying city last November may not have solved the problems of poverty, but it has given Khmer decadence a new coat of paint. Spit and polish668 words
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Article152 1992-01-04 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2256 1.2423 Canadian dollar 1.4017 1.4301 NZ dollar 0.8684 0.9035 Sterling pound 3.0277 3.0688 US dollar 1.6230 1.6320 Local dollars to 100 aaits of foreign currency Austrian schilling 13.10 13.41152 words
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Article67 1992-01-04 27 Duration Title Venue Organiser Tel Jan 12-19 Do-it-yourself Utrecht, Koninklijke *****55.911 1992 Trade Show Netherlands Nederlandse Jaameurs Jan 14-17 Aerospace NEC, Centre 021-*****18 1992 Technology Birmingham Exhibitions Exhibition Congress Duration Title Venue Organiser 'Tel Jan 14-18 International Valencia, Feria Muestra- *****4JI00 1992 Fair of Home Spain rio67 words
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TIME OFF
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Article55 1992-01-04 28 SSO Concert Conductor Choo Hoey. Soloist: Dang Thai Son (piano). Programme includes works by Schweizer, Chopin and Strauss. Venue: Victoria Concert Hall. Jan 10 11. 8.15pm. The Eye of History Dfama presented by The National University of Singapore Society. Historical fantasy from the satirical pen of Robert Yeo. Venue:55 words
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Article, Illustration371 1992-01-04 28 Yasotha M - Compiled by Yasotha M Broadening Horizons by Greg Krijgsman Exhibition by Greg Krijgsman with a selection of panoramic photographs taken on his most recent expedition, "The London-Singapore Overland Drive". The exhibition previews 36 colour and black white prints of the four-month journey by land rover from the Anatolian Steppes371 words
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Article, Illustration528 1992-01-04 28 Cadence. Charlie Sheen is a recalcitrant soldier who gets sent to DC detention camp populated with liter-. al black sheep. Martin Sheen is the racist disciplinarian against whom Charlie and company rebel. Midnight tonight at Cathay 1. Review, EL 7 Curly Sue. A supremely cute nine-year-old. Curly Sue and528 words
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Page 17 Advertisements
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Advertisement7 1992-01-04 17 Yes to strong GLCs, but... EL 27 words
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Advertisement96 1992-01-04 17 JL ■NMNBOaVOTRM —l "I WANT YOU TO RIDE FOR ME AT ROYAL ASCOT." In sports. In outer space. And exclusively for you. The J,j£nnwr Omega Constellation is available in 18k gold. 18k gold and steel tflAj.^ or all steel. Models: 1270.20 (Ladies) 1220.20 (Genu) r j A CESS jm Sole96 words
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Page 18 Advertisements
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Advertisement6 1992-01-04 18 The writer is BT's Features Editor6 words
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Advertisement96 1992-01-04 18 It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European merger. FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business96 words
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Page 18 Miscellaneous
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Miscellaneous48 1992-01-04 18 DOONESBURY by garry trudeau POPStOESTKK TO sea AT IVE Al6O SENT MM FOR WfTSSS^tS^uS!^^ KUPTU&SI CRAFT FAIRS, SOME PIANT-HANGER AOS&HX ZZjw U THAT WOULD NEAR THE HJHATFOR* f*PRBOHNE! KITS! THE MANUFACTURER FWS> IMMantm I EXPLAIN THE HAMPER* A6MVCONTRJ- VOUTDPUT&HTV66THERHTte M WSHOOHSN NO, THOSE j iOURBEPROOM APE Hit LP.48 words
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Page 19 Advertisements
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Advertisement65 1992-01-04 19 KidcSlf Singapore soccer's semi-pro Premier League kicks off today. Who should you watch? Weekender picks the likely crowd-pullers. PLUS the season's full fixtures in cutand-keep form. PLUS one Subaru Justv, one Motorola handphone, four Alpha-Numeric Pnilips pagers and cash prizes to be won by fans by |ust attending the matches65 words
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Page 20 Advertisements
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Advertisement928 1992-01-04 20 bm Nothing Boats A Bud. IKiPWI where to wine, dine OF v PRINCESS 0 «g<raraßAeE ...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 same old prices $11.00 for adults and928 words
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Page 20 Miscellaneous
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Miscellaneous13 1992-01-04 20 j r/niy t 'If pressed I would describe myself as a vegan" Punch13 words
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Page 21 Advertisements
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Advertisement161 1992-01-04 21 AND ENTERTAIN <&rill Family Sunday Brunch A scrumptious buffet selection for the adu ts. Cartoons and toys for the kids. Every Sunday. 11 am to 2.30 pm. Adults $33++ Kids $19++ For reservations, ANA HOTEL please call 732-1222 ext 1582/1597. SINGAPORE 16 Naswn Ha. Smppor* ICBS TMpftorw (65) 732 1222161 words
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Advertisement79 1992-01-04 21 Ranfamt lotov S*d CaU Cab Shßk'j Fin WCrab Mm ?T[™ d CMm W<Unan Jw Sun •MM WfSor* Bm Cfunte Stß*T*d Duck It Lotus last For every booking of 1 trite, •a* fw* h pmw* a hamper worth $48.00 Basket k 2 Rmn wi be given away free" F T T79 words
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Page 25 Advertisements
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Advertisement19 1992-01-04 25 g■l I, jfe J "HH* M loocbc w Lr J g ,l,f 1 |®o|^Ll|ji||i||BgM I I I ON SALE19 words
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Advertisement74 1992-01-04 25 V t-' X:* ,-..s V;-«, §9n v wJii r" vc\ Yv Turn yourshare\ instantly Get cash on the spot for your shares for 1,2 or 3 months Scrip I ess counters are also acceptable. For more information, call our toll-free numbers. Hong Leong Finance 223 0938 Singapore Finance 226 339874 words
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Page 26 Advertisements
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Advertisement12 1992-01-04 26 Managers must L manage. BT shows It you how every j Monday.12 words
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Advertisement323 1992-01-04 26 B_ U S I N E S S T I M E S ACCOUNTANTS OF SINGAPORE J DEPUTY/ASSISTANT L IP TECHNICAL DIRECTOR 11 I Starting salary: 5540,000 to 5570,000 I I I per annum I I I The Institute of Certified Public Accountants I I I of Singapore is looking323 words
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Page 27 Advertisements
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Advertisement45 1992-01-04 27 It's amazing the lengths Finnair goes to for just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price Check with your travel agent or call *****77 for more details. We Kaow Europe from Mart to Finnish.45 words
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Advertisement9 1992-01-04 27 Managers Must Manage BT shows you how every Monday.9 words
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Advertisement23 1992-01-04 27 BWP with* January's HER WORLD! From your newsvendor and at newsstands. Times the Bookshops. 7-Eleven. selected Shell stations and STOP PRESS kiosks. »IMJMJJ.IJi.I:JIJ!I.tJII'IJ^*LB.I^MyHAUJLMJLL^IBMIIIWIM23 words
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Page 27 Miscellaneous
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Miscellaneous294 1992-01-04 27 1 First answer this clue:- I^Hl— 9 Well-stocked salesman al--10 Acts reprehensibly when a 12 The painter appears displeased about one lying in 14 Look over a note to a girl —it should make things I I 15 Get through and support the engineer (6) g~"^H 17 Stops Sartre's letters294 words
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Miscellaneous165 1992-01-04 27 Singapore Out took: Showers over several areas in the afternoon. Report Maximum temperature 31.3 Assoc humidity 66% Minimum temperature 23.6 Assoc humidity 96% Hours of sunshine 6.25 Rainfall in mm Nil Rainfall this month 2.1 Rainy days this month 1 World forecast Asia-Pacific Hi/Lo* Cood. Auckland 23/13 Cloudy Bangkok 33/19165 words
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Miscellaneous69 1992-01-04 27 Q DON'T 6&uev€ SOU J JRCKer.ftNSTiffeO IS ITTRUC VOU'Rt GOING\ TROUSeRS P>ND BOUU£R ON A vJiNTeR. SPORTSj J VHRT... HOUDRV > fji NOD6L #\-HGB.-TeE j^kek)—^M 1 SAT mKireßs NOT .SUFFICE TO \WT^> -f v j SBV ONLvf N/eSTtRDRV I uXLNT TO 1 I Sts^J Yes—l'm STR>firUG R"T FuN6oysX s HCu)l-rTTHeTAILOR69 words
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Page 28 Miscellaneous
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Miscellaneous1738 1992-01-04 28 TODAY'S TV ■VSnrV9TnmH 10.10 Born Talking Lend- P«ri(L). A Hand (See Our 5.05 Mutiara Budl. 5.30 Bobby's World. ?«au» n Perompuan, 4pm, Challenge of the Seas: Islands 1100 Nonniand Manni. 5.55 Today in History. SBC 5 in tho Fog, 11.50 am, SBC 5 11.55 Close. 0.00 Anitaabandons her husband People1,738 words
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Miscellaneous687 1992-01-04 28 MOVIES ON TV Columbo: Grand Deception, worked in 35 years since he Men, 10.30pm, SBC 5 walked out of the office beAn instructor in a "soldier of wasn '< fortune* training camp gets [V n 1j J? truggling murdered. Columbo looks in- Playwright and Dad takes an to it and687 words
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