The Business Times, 18 January 1992

Microfilm: NL17796
Total Pages: 32
1 32 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    17 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, January 18-19 1992 75*
    17 words
  • NEWS & MARKETS SUMMARY
    • Article
      Dow higher
      30 1 PRICES of blue chip stocks opened higher on Wall Street yesterday, with the Dow Jones industrial average gaining 4.02 points to 3,253.57 points five minutes into the session.
      30 words
    • Article
      Footsie higher
      58 1 EARLY gains on sentiment that the British economy had turned the corner in the wake of Thursday's cut of interest rates on home loans were trimmed following news of an increase in inflation in December, traders said yesterday. By 1230 GMT, the FT-SE 100 Index had gained 10.8
      58 words
    • Article
      US trade deficit fell sharply in November
      76 1 WASHINGTON The US trade deficit fell sharply in November to U553.57 billion, the Commerce Department said yesterday. It was the smallest monthly gap in more than eight-and-a-half years as imports fell on weaker consumer demand. The 43.5 per cent improvement in the trade
      76 words
    • Article
      Algerian forces throw tight cordon
      62 1 ALGIERS Algerian security forces threw a tight cordon round a Muslim stronghold yesterday where a local fundamentalist leader said 500 people had been arrested. Heavilyarmed riot police, two armoured vehicles from the presidential guard, and road blocks encircled the Sunna mosque in the Bab El-Oued
      62 words
    • Article
      $14m bid for site
      22 1 OIL COMPANIES bid up to Ssl4 million for a Housing and Development Board petrol station site Page 4
      22 words
    • Article
      Resorts World hit
      30 1 SHARES of Resorts World Bhd, a Genting subsidiary, fell sharply yesterday on widespread talk that new tax laws governing gaming outfits could hurt its profits Page 6
      30 words
    • Article
      Asian forecasts intact
      29 1 ASIA'S developing economies are taking lower oil prices in their stride. Economists say there is no need to adjust forecasts for economic growth yet Page 9
      29 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 745.53 +0.45 Kuala Lumpur 569.6 +4.42 Tokyo 21,321.37 -290.82 Hongkong 4,454.89 +42.75 Sydney ,...1,671.8 -1.9 Thursday Change New York 3,249.55 -8.95 London 2,541.6 +4.5
      29 words
    • Article
      CURRENCIES
      23 1 Exchange rates USS SS 1.6500 100 Yen SS 1.2891 MS SS 0.6095 Money market rates Overnight 2 1/2% -I 3-month 3 unch
      23 words
    • Article
      COMMODITIES
      37 1 London GoM AM fix US$357.30 USS2.70 Rubber S'pore Feb 130.00*/kg f 1.00 M'sia Feb 2l5.50*/kg unch KL Tin Turnover 50 tonnes -30 Spot M$14.29/kg -0.19 Crudo palm oil Turnover 1,314 lots -209 Feb MS905 /tonne -8
      37 words
  • Article, Illustration
    Ong Beng Seng is Businessman of the Year
    558 1  -  Outstanding Manager of the Year: Koh Boon Hwee Enterprise Award winner: IPC Corporation By Sangeeta Mulchand SINGAPORE Ong Beng Seng had two reasons to celebrate yesterday. The managing director of listed Hotel Properties Ltd turned 46, and he walked away with the
    558 words
  • Article, Illustration
    Congratulations and celebration
    84 1 SINGAPORE They all got the "Happy Birthday to" part right. But then some sang Ong Beng Seng, some sang Mr Ong, and some sang OBS. The man himself, with his wife looking on, just grinned as the 600 or so guests happily muddled their way through the
    84 words
  • Article
    US, China agree on copyright and patent protection
    368 1  -  From Catherine Ong in HONGKONG THE US and China averted a trade war with a last-min-ute agreement yesterday on copyright and patent protection. Officials and businessmen in the US and in Hongkong which tranships twothirds of Chinese goods to America welcomed the
    368 words
  • Article
    Lock icon IBM posts US$2.8b loss
    264 1 AP NEW YORK International Business Machines Corp yesterday reported a 1991 loss of US$2.B billion (554.62 billion) due to two huge accounting charges against earnings to pay for retiree benefits and a cost-cutting programme. IBM also reported its first year-to-year drop in revenue since 1946, a
    AP  -  264 words
  • Article
    SMEs likely to invest directly in export markets: Dhana
    331 1 SINGAPORE The next wave of Singapore investments abroad will sec small and medium-sized enterprises, not just the big boys, investing directly in their export markets, Minister for National Development S Dhanabalan said last night. This will enable the companies to signal
    331 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      116 1 Nikon Tho Mtodd't Finos* Photographic System. Aircraft Schedule EL 11 Commodities 19 Company News 6.7 Cryptic Crossword EL 11 Executive Jobs EL 10 Futures Options 18 Interbank Fore* Rates 18 KLSE 13 Money Changer Rates EL 11 Money Market 18 Regional Stock Markets 16 Regional 'World News 9 SES IM2
      116 words
    • Advertisement
      Page 1 Advertisements Column 2
      6 1 Profiles of winners, Pg 2 3
      6 words
    • Advertisement
      Page 1 Advertisements Column 3
      306 1 Nikon TtwWbrtd'sFtoMt Photographic SyHm. One of the great designs of this century And probably the next. fl^ 7 1 y« uith central rotor in 21 -curat %old. water-resistant to 5 aim BA ***** 789 The Royal Oak is instantly Decisive, individual, agerecognized by its unique *7 less. One of a
      306 words
Page thumbnail Page 2
  • SINGAPORE BUSINESS AWARDS 1991
    • Article, Illustration
      The man with the Midas touch
      1489 2  -  Businessman of the Year Ong Beng Seng is an elusive man. So much is known about him. Yet so little is known about him. Sangeeta Mulchand digs into the mystery behind the man Sangeeta Mulchand O NG BENG SENG is probably one of the
      1,489 words
    • Article, Illustration
      Lock icon Who dares (challenge the boss) wins
      1165 2  -  Outstanding Manager of the Year Yes-men are likely to help you walk off the cliff, Koh Boon Hwee tells Elaine Koh Elaine Koh KOH BOON HWEE has some hard things to say about agreeable people and some nice things to say about pessimists. Mr
      Picture by Arthur Lee  -  1,165 words
    • Article
      There's always another mountain to climb
      423 2 IT STARTED with the realisation that he had reached the top of Hewlett Packard in Singapore. The next step for Koh Boon Hwee. then managing director of the US multinational, would take him overseas. But whatever job he might move to in HP. he
      423 words
    • Article, Illustration
      Getting the best out of each employee
      980 3  -  Enterprise Award Joseph Rajendran finds out the secret behind computer maker IPC's global success Joseph Rajendran TWO BROTHERS who set up a company to "make the best of their short career spans" ended up instead with a $200 million-a-year computer business on their
      980 words
    • Article
      SMEs catching up with MNCs
      430 3 Multinational companies may be the main driving force of industrial development in Singapore, but it is a matter of time before small and medium-sized enterprises catch up, say two of Singapore's leading businessmen. Benjamin Ngiam, managing director of IPC Corporation, and Koh Boon Hwee, executive
      430 words
    • Article
      IPC on expansion path overseas
      263 3 HOME-GROWN computer company IPC Corp has announced aggressive expansion plans in Germany, Mexico and Australia. IPC believes the moves will more than double its revenue to SSSOO million within three years. In its push to emerge as a multinational company, IPC has set aside US$l.5
      263 words
Page thumbnail Page 3
  • FOURTH ASEAN SUMMIT
    • Article, Illustration
      Economic and security issues to dominate talks
      507 3  -  By Yang Razali Kassim ASEAN officials begin talks in Singapore today to pave the way for a sixsided summit of regional heads of government that will determine how Asean will handle security and economic issues confronting the group in the *****. The Fourth
      507 words
Page thumbnail Page 4
  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        BG Lee urges pursuit of relevant courses
        60 4 DEPUTY PRIME MINISTER Brigadier General (Res) Lee Hsien Loong said yesterday that the bulk of students at tertiary institutions must pursue courses relevant to the needs of the economy so that the nation's investment in tertiary education will be justified. He was speaking
        60 words
      • Article
        Mensa and AMP cooperate
        47 4 MENSA, the club for brainy people, is to lend a hand to the Association of Muslim Professionals (AMP) in the latter's efforts to help the Malay and Muslim community. Mensa will, for instance, give tuition or remedial lessons to help weaker Malay students.
        47 words
      • Article
        Topping up of SAF vehicles
        48 4 SAF VEHICLES will soon top up their fuel tanks at commercial service stations. The Ministry of Defence said yesterday that this is part of a one-year pilot scheme to determine if commercial service stations can adequately support the fuel needs of the SAF.
        48 words
      • Article
        Corrections and clarifications
        66 4 IN OUR STORY headlined "Reclamation of Tekong-Übin may cost 1.39b" yesterday, we wrongly said the area to be reclaimed is 257 ha. It should be 657 ha. And in our caption to the picture of Senior Minister Lee Kuan Yew at the Indian community's dinner in his
        66 words
    • Article
      Oil companies bid up to $14m for Yishun station site
      288 4  -  By Lilian Ang IN AN aggressive tussle to secure a petrol station site at Yishun, oil companies submitted bids as high as $14 million in a Housing and Development Board tender which closed yesterday. The tender is the first such
      288 words
    • Article
      ERA on aggressive expansion path
      375 4 DESPITE a quieter property market, property agent ERA Realty Network Pte Ltd still managed a 39 per cent increase in sales last year, raking in $539 million in the residential re-sale market. Now the leader in the resale market with 3,422 transactions last year, ERA
      375 words
    • Article, Illustration
      US group Rosemount plans to base regional HQ in S'pore
      400 4  -  By Juliette Walker THE ROSEMOUNT group, a US-based instrumentation and control systems group which opened its new $7 million facility in Ang Mo Kio industrial area yesterday, plans to make Singapore its regional headquarters. Rosemount Singapore is part of Emerson
      400 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      602 4 VCsmI Voy No Berth Arrival Departove Vessel Voy No Berth Arrival Departue Marina Terminal 1 Toyofun 6 192 SOI 18.01/0130 1801/0600 Batam Sayai* *****2 M04 alongside 17 01/2300 Vennawood N Nb-144 S01 1602/1000 17 01/2359 Batammdo 1 148S M01 atongsrfe 1701/2100 Btae Power 3 *****2 M04 alongside
      602 words
    • Article
      IN MALAYSIAN PORTS
      217 4 Johorc Port Kuantan Port Berth: 1: Johan II; 2: ml; 3: nil; 4: Tern; 5: Kaveri; 6; Sound In the roads: berth 1A; KD Kris. KD Panah, KD Sundang, KD Royal. Taniung; 1: Nanta Bhum; 2: nil; 3; Harm Transport 12; 4; 01 jetty: Global Mars. Global
      217 words
    • Article
      CONTAINER SCHEDULE
      895 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rsits Ship Voy No Etb/Btr Period From To From ACX Ruby 39A 19/0700 1 17/1500 17/1659 17/1900 3 18/0700 18/1159 18/1400 AKa Bhum 126S 18/2359 2 17/1700 18/0659 18/0900 Al Manakh 65 20/1700 1 17/1500 17/1659 17/1900 2
      895 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      291 5 Technology To Put You Ahead And Keep You There When you think of IPC Computers, also think of what has made us one of Our steadfast commitment to the IT industry has been ratified with the the most important names in the IT industry. highly coveted 1990 Informat Award in
      291 words
Page thumbnail Page 6
  • COMPANY NEWS 1
    • COMPANY BRIFFS
      • Article
        Setron changes top management structure
        55 6 SINGAPORE Setron (M) Bhd has changed its management structure with effect from Jan 10, 1992. Dato Ahmad Razali bin Mohamed Ali is now executive chairman and chief executive officer. Wan Nordin bin Che Murat is group managing director and chief operating officer, and Tan Hee
        55 words
      • Article
        Terms of Aokam's rights issue
        95 6 SINGAPORE Aokam Perdana Bhd said the Malaysian Capital Issues Committee (CIC) had approved its M 550.62 million (5531.38 million) rights issue with warrants and the purchase of Amoda Sdn Bhd for MsBB million. The purchase is to be financed by the issue of Msss million
        95 words
      • Article
        CIC revises MCB proposals
        82 6 SINGAPORE The Malaysian Capital Issues Committee has rejected MCB Holdings Bhd's proposed purchase of the entire share capital of Super Homes Development Sdn Bhd for Ms 23 million, and that of Orient Spring Sdn Bhd for Ms 36 million. The committee has, however, approved the rest
        82 words
      • Article
        IJM Corp sells 55pc IGB stake
        54 6 SINGAPORE IJM Corporation Bhd has agreed to sell its 55 per cent stake in wholly-owned subsidiary IGB Construction Sdn Bhd to Hsin Chong Construction (BVI) Ltd and Siaw Kee Hock for M 5633,000 (*****,460) cash. The sale is subject to the approval of the
        54 words
      • Article
        Lingui sells interest in Tesco
        53 6 KUALA LUMPUR Lingui Developments Bhd and all other shareholders of Tay Ek Seng Company Sdn Bhd (Tesco) plan to sell their entire equity interests in Tesco to Segamat Consolidated Realty Sdn Bhd for M$ 14.45 million (558.95 million). Lingui's stake in Tesco is worth about
        53 words
    • Article
      F&N to sell 25pc of soft drink assets to Coca-Cola
      575 6  -  Joint venture to take over operations in S'pore, Brunei, stake in M'sia By Lee Han Shih SINGAPORE Frascr Neave Ltd yesterday resolved a two-year impasse with Co-ca-Cola Co of the US by agreeing to sell a quarter of its soft
      575 words
    • Article
      Lock icon Ayer Hitam Tin to diversify its business
      228 6 Bernama KUALA LUMPUR Ayer Hitam Tin Dredging Malaysia Bhd will consider shifting its traditional mining operations to timber-related downstream activities for the long-term benefits of the company, its chairman, Haji Ismail Bin Haji Kamat, said. As the supply of timber diminishes in Malaysia,
      Bernama  -  228 words
    • Article
      Talk of new tax hits Resorts World shares
      349 6  -  From Leslie Lopez in KUALA LUMPUR AFTER posting sharp gains over the last two days on rumours of a likely share split, Malaysia's Resorts World Bhd fell sharply on widespread talk that new tax laws governing gaming outfits could hurt its profits.
      349 words
    • Article
      Jurong Shipyard, FELS in venture
      311 6  -  Consultancy set up with China firm, PIL and Triton Maritime By Selva Kumar SINGAPORE Four local companies Jurong Shipyard Ltd, Far East Levingston Shipbuilding Ltd, Pacific International Lines Pte Ltd, and Triton Maritime Enterprise Pte Ltd have joined a Chinese partner to set up a
      311 words
    • Article, Illustration
      Cold Storage relaunches unit to sell and distribute health products
      373 6 Sales from existing agencies expected to double to $25m in 3 years SINGAPORE Cold Storage has relaunched a subsidiary company to sell and distribute its pharmaceutical, health and beauty-care product lines in Singapore. Cold Storage created the subsidiary. Guardian Wholesale
      373 words
    • Article
      Balgi targets young professionals in Malaysia as main growth area
      447 6  -  Company expects to post improved profits for last year From Chew Eng Han in KUALA LUMPUR PUBLICLY-LISTED British American Life General Insurance Bhd (Balgi) sees Malaysia's expanding pool of young professionals as the main growth area for its life insurance
      447 words
    • Article, Illustration
      Lock icon Hyundai strikers clash with managers
      336 7 Agencies SEOUL A wildcat strike at South Korea's largest carmaker, Hyundai Motors Co, yesterday erupted into violence between union members and company backers, leaving at least six people injured. The clash occurred when some 600 company officials and non-union members tried to enter a company
      Agencies  -  336 words
    • Article, Illustration
      Lock icon Prospect of criminal proceedings
      411 7 New evidence implicates Kevin Maxwell in father's fraudulent activities AFP LONDON The prospect of early criminal proceedings against Kevin Maxwell has grown, following the emergence of new evidence implicating him as an active accomplice in his late father Robert's fraudulent activities. A report in Thursday's Guardian
      AFP; FT graphics  -  411 words
    • Article
      Lock icon Honeymoon over for NZ Telecom as investors seek stronger growth
      470 7 MARKET TALK Reuter AUCKLAND The stock market honeymoon appears to be over for Telecom Corp of New Zealand Ltd, now relegated to the ranks of staid and defensive stocks, as investors seek stronger earnings growth from cyclical issues, share analysts
      Reuter  -  470 words
    • Article
      Lock icon Digital blames economy for US$138m loss
      323 7 Reuter NEW YORK Digital Equipment Corp, blaming a weak economy and low computer prices, reported a USss 138.3 million (***** million) quarterly loss on Thursday and said job cuts could play a big role in its recovery. It was the first time that the
      Reuter  -  323 words
    • COMPANY BRIEFS
      • Article
        Jardines' director on boards of 3 units
        95 7 HONGKONG Jardine Matheson Holdings Ltd diitctor Charles Powell has been appointed to the boards of Dairy Farm International Holdings Ltd, Hongkong Land Holdings Ltd and Mandarin Oriental International Ltd, the companies said. The three companies are Jardine subsidiaries. Mr Powell joined the Jardine
        95 words
      • Article
        Anti-flu compound developed
        64 7 SYDNEY A new compound developed by an Australian company shows promise in combating the influenza virus, the company's British backers said yesterday. "We've got some early leads and it could go into development stage in the next few months," said Ken Windle, managing director of the local
        64 words
      • Article
        Siemens posts 6pc profit rise
        99 7 MUNICH Electronics group Siemens AG, reporting a 6 per cent increase in group net profit for the first 1991/92 quarter, said it expects to maintain the previous year's profit margin in the current year. "If we also succeed this year in further improving our productivity
        99 words
      • Article
        Sharp to establish Taipei unit
        61 7 TOKYO Sharp Corp will establish in Taipei on Jan 3,1 a wholly-owned subsidiary to design and develop integrated circuits and related software, company officials said on Tuesday. Sharp Technology (Taiwan) Corp, aimed at better responding to local needs in merchandise development, will eventually also develop
        61 words
    • Article
      Lock icon Exchange queries Pacific Magazines
      310 7 Reuter SYDNEY The Australian stock exchange has queried The News Corp Ltd's subsidiary Pacific Magazines and Printing Ltd over the prospectus for its As3B2 million (***** million) float through a rights issue. But Pacific Magazines, 45 per cent owned by Rupert Murdoch's News Corp, said there
      Reuter  -  310 words
    • Article
      Lock icon Nissan to boost UK factory's output by a third
      222 7 Agencies TOKYO Nissan, the Japanese motor manufacturer, plans to increase production capacity at its Sunderland car plant in north-east England by more than a third to 300,000 units annually by next year. The move, announced yesterday by Mr Yutaka Kume, Nissan
      Agencies  -  222 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      164 6 M j onagers AAust i V lanage BT shows you how every Monday. i: Aim for a H audience asianl wssm AEROSBftCE'92 ASIAN AEROSRACE is considered one of the world s most important air shows. Three of our newspapers will be publishing a m cai j rrr special feature in
      164 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      571 7 GOLDEN PLUS HOLDINGS BERHAD (Incorporated in Malaysia) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Golden Plus Holdings Berhad will be held at the Registered Office, 15th Floor, MCB Plaza, 6 Changkat Raja Chulan, ***** Kuala Lumpur on 3rd February 1992 at 10.00
      571 words
Page thumbnail Page 8
  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        UOB offers night banking in Woodlands
        52 8 SINGAPORE The United Overseas Bank Group (UOB) will offer the only night banking service in the Woodlands area from Jan 22, when its newly-opened branch extends its operating hours to 8 pm. The bank officially opened its 82nd branch at Block SA, Woodlands Centre
        52 words
      • Article
        NatWest posts bigger losses
        57 8 NEW YORK National Westminster Bancorp, the whollyowned US subsidiary of Britain's National Westminster Bank, on Thursday disclosed a U*****.5 million (*****.5 million) loss for 1991, up from US$352 million in 1990. The 1991 loss was in large part the result of property problems caused by Nat
        57 words
      • Article
        Call for new rules for HK dealers
        63 8 HONGKONG The Securities and Futures Commission (SFC) said it has proposed new capital adequacy rules for securities and futures dealers and financial advisers. "The objective of the changes is to ensure that the capital adequacy with firms in Hongkong properly reflects the risks
        63 words
      • Article
        Hanoi gives approval to 7 banks
        73 8 HANOI The State Bank of Vietnam has given in-principle approval to seven foreign banks to open branches in Vietnam, foreign business sources said on Thursday. Central bank deputy governor Le Van Chau on Wednesday met separately with representatives from the ANZ Banking Group, Banque
        73 words
    • Article
      Hongkong stock exchange to start options trading
      394 8  -  By Chew Eng Han SINGAPORE The Stock Exchange of Hongkong will introduce options trading in the near future to maintain its edge as a leading financial centre. "The Hongkong stock exchange has decided there is market demand for options trading," Mark Hanson, the
      394 words
    • Article, Illustration
      Lock icon BankAmerica posts flat profits due to slow economy
      521 8 Reuter SAN FRANCISCO BankAmerica Corp, the nation's second-largest banking company, on Thursday said earnings edged lower in the fourth quarter, in part because of the sluggish economy. But Security Pacific Corp, Bank America's partner in a planned merger that would be the
      Reuter  -  521 words
    • Article
      Lock icon Malaysia's sole Islamic bank seeks wider appeal
      268 8 Reuter KUALA LUMPUR Malaysia's sole Islamic bank, which forbids interest charges on loans and deposits, hopes its stock exchange listing yesterday will help widen its appeal to non-Muslims, officials said. "The services and facilities of the banks should be available to non-Muslims but
      Reuter  -  268 words
    • Article
      Bank of Ayudhya gets US$100m syndicated loan
      258 8  -  By Kooi Cho Teng SINGAPORE Thailand's Bank of Ayudhya has obtained a US$lOO million (Ssl6s million) syndicated loan to fund its expansion overseas. Proceeds from the loan will be used partly for general funding purposes for the bank's Hongkong branch, which opened last
      258 words
    • Article
      Lock icon Bangkok Bank aims to improve loan quality
      252 8 Reuter BANGKOK Bangkok Bank will focus on further improving its loan quality in 1992, a policy which contributed to its excellent earnings last year. Managing director Damrong Krisnamara told a news conference on Thursday that Bangkok Bank's 54.7 per cent higher earnings in
      Reuter  -  252 words
    • Article, Illustration
      Outlook for US$ turns bullish
      501 8 DBS Bank weekly currency review USD/DMK: bulls stage fierce rally The US dollar staged a fierce rally this week, meeting its double bottom objective of .***** marks by Tuesday. A further spike in the US dollar was seen on Wednesday when the greenback broke the
      501 words
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      227 8 Some Reasons For THE STRAITS TIMES WEEKLY OVERSEAS EDITION You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. For other reasons, send in your subscription now: The StraitsHmes weiku gvumt KDiTiON Making an issue of the major issues Name I Addre*: AIRMAIL
      227 words
    • Advertisement
      Page 8 Advertisements Column 2
      38 8 Yourson isstudytaig overseas. And you want him close to home -with news from home. To your principals and business associates overseas, it's assuring that Singapore is great for business. The Straits Times Weekly is like a country report.
      38 words
    • Advertisement
      Page 8 Advertisements Column 3
      55 8 Someone dose has been Hving in Canada for some years. You've given up writing those long letters. The Straits Times Weekly tells It better. (He might comeback after reading all the good news.) You travel often on business and want to catch up on your return. The week's main issues
      55 words
    • Advertisement
      Page 8 Advertisements Column 4
      103 8 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available U.S.$ BAHAMAS 900 8.V.1 950 COOK ISLANDS 1600 DELAWARE 295 GIBRALTAR 500 HONG KONG 350 IRELAND 400 •ISLE OF MAN 450 JERSEY 900 LIBERIA 1050 MADEIRA 3750 PANAMA 800 U.K. LTD 240 WESTERN SAMOA 750
      103 words
Page thumbnail Page 9
  • THE REGION/THE WORLD
    • Article
      Lock icon Asian economies take oil prices in their stride
      568 9 Economists see no need to adjust growth forecasts Reuter SINGAPORE Asia's developing economies are taking lower oil prices in their stride, using their past experience of price gyrations to keep a recent plunge in perspective. Although more than US$6 has been wiped
      Reuter  -  568 words
    • Article
      E German fuel, refinery group sold
      355 9 French-German consortium will invest 5b marks BERLIN In one of its biggest deals, the agency privatising eastern Germany said on Thursday that it had sold a major fuel and refinery combine to a French-German consortium on a promise to invest five billion marks (555.08
      355 words
    • Article
      Lock icon Recession leaves US with lowest consumer price rise in five years
      432 9 Reuter WASHINGTON US consumer prices crept forward in 1991 at the slowest pace in five years, the government said on Thursday, as the recession put the brakes on inflation and left the year with a 3.1 per cent gain
      Reuter  -  432 words
    • Article, Illustration
      Lock icon Philippines to cut spending if tax bills rejected
      366 9 Reuter MANILA The Philippines will resort to spending cuts in order to comply with International Monetary Fund (IMF) fiscal targets in the event no new tax measures are approved, Finance Secretary Jesus Estanislao said. He told reporters on Wednesday night that the
      Reuter  -  366 words
    • WORLD WATCH
      • Article
        New base for east German inflation rate
        105 9 WIESBADEN. Germany The Federal Statistics Office said on Thursday it will introduce a new basket of goods to calculate east German inflation rates to adjust the price index to changes in consumption since monetary union in July 1990. The office said the new
        105 words
      • Article
        Ambassador for investment
        90 9 TOKYO France will name soon a roving ambassador responsible for attracting foreign investment to the country, a member of the delegation with visiting French Finance Minister Pierre Beregovoy said on Thursday. Jean-Daniel Tordjman. currently responsible in Washington for the expansion of French economic interests in the United
        90 words
      • Article
        Former premier acquitted
        78 9 ATHENS A special court yesterday acquitted former premier Andreas Papandreou of complicity in a major bank scandal that helped bring down his Socialist administration in 1989. The 13-judge court voted 7-6 to acquit Mr Papandreou of a charge of instigating the loss of state company funds. He
        78 words
      • Article
        Zopfan cannot be realised soon
        81 9 MANILA Non-communist South-east Asia's dream of a zone of peace, freedom and neutrality (Zopfan) is unlikely to become a reality soon despite the pullout of US forces from the Philippines this year, Foreign Secretary Raul Manglapus said yesterday. "Zopfan is a long-range plan and there
        81 words
      • Article
        Laotian president hospitalised
        42 9 BANGKOK Laotian President Kaysone Phomvihane has been admitted to a hospital here for an eye operation, diplomats and medical sources said yesterday. Mr Kaysone, 71, had been in hospital for two days, an official at the Laotian Embassy said.
        42 words
    • Article, Illustration
      Slogans damage the ads
      39 9 BRUSSELS Two Greenpeace activists papering over their slogan, 'Cars damage the environment', emblazoned across a car advertisement after a Belgian court ordered them to clean up billboards they defaced across the country or face fines.
      39 words
    • Article
      Lock icon UK jobless figure continues to rise
      534 9 Data does nothing to change economic outlook Reuter LONDON Britain's seasonally adjusted unemployment total rose once again in December, as expected, and has done nothing to change the outlook for a slow recovery from recession, economists said yesterday. The jobless total rose 31,100 in
      Reuter  -  534 words
    • Article
      Lock icon Vietnam plans to double GNP by 2000: Co Thach
      374 9 Reuter KUALA LUMPUR Impoverished Vietnam, pushing hard to rebuild its war-rav-aged economy, expects to double its gross national product (GNP) by the year 2000, former foreign minister Nguyen Co Thach said. "Vietnam is striving to double its gross national product and
      Reuter  -  374 words
    • Article
      Lock icon Battle on for Islamic soul of ex-Soviet republics
      578 9 Reuter WASHINGTON A cultural struggle is raging between Turkey and Iran for the Islamic soul of six former Soviet republics in central Asia. US officials and analysts say. The outcome could have a profound effect on the Middle East and Asia and
      Reuter  -  578 words
Page thumbnail Page 10
  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Bargain-hunters help to erase early losses
      4181 10  -  By Shoeb Kagda ON THE BACK of two days of feverish market activity, the benchmark Straits Times Industrials Index eked out another 3.46 point gain to close at 1,532.51 yesterday. The index was down 5.19 points at midday, but bargain hunters stepped in at
      4,181 words
    • Article, Illustration
      Lock icon HOT STOCK
      80 10  -  By Chew Eng Han Comment FAN CHONG hit the support of $1.50 in early December and recovered as expected. The stock is now nearing the second target of $1.95, and may shoot up to $2.00 before a retracement takes place. The size of the correction will determine the
      SOURCE: PONT DATA  -  80 words
Page thumbnail Page 11
  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    2962 11 CMB Packaging 535 +51 +10.5% FAN 995 +50 +5.3% Asia Pacific 1130 +30 +2.7% DBS Foreign 1280 +30 +2 4% FAN Wt 197 f 27 +15.9% Jurong Ship 50* 1100 f20 +1.9% DBS 1170 +10 f 0.9% Kcppel Corpn 880 HO +1.1% OCBC Foreign 1180
    2,962 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3155 12 Oriental Hldgs 575 +15 +2.7% CI Holdings 310 +10 +3.3% MISC Foreign 510 +10 +2.0% Malayawata 230 +10 +4.5% Perl is Plant 470 10 f2.2% YTL Corpn 50* 155 +7 +4.7% Guinness 50* 314 +6 +1.9% H Leong Ind 50' 464 6 +1.3% Hume VI
    3,155 words
  • Page 12 Advertisements
Page thumbnail Page 13
  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Blue chips hold steady but broad market slides
      5074 13 Bernama, NST SELLERS rushed into the market for profit-taking on the Kuala Lumpur stock market yesterday following the surge in share prices on Thursday. Shares finished mixed as support for blue chips lifted the market indices but losers led gainers by 171
      Bernama, NST  -  5,074 words
Page thumbnail Page 14
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks rise sharply on record turnover
      2225 14 Reuter HEAVY buying of finance and property issues stirred up trading across the board yesterday with a big turnover that broke the earlier day's record, brokers said. The SET Index rose 12.50 points or 1.6 per cent to 770.83 on a turnover of 12.34
      Reuter; SOURCE: PONT DATA  -  2,225 words
  • JAKARTA STOCK EXCHANGE
    • Article
      Shares rise despite profit-taking
      1145 14 THE Jakarta stock index yesterday rose 1.44 points to close at 251.25 on turnover of slightly over two million shares compared to 3.63 million on Thursday. Brokers said profit-taking dominated yesterday's halfday trading, putting pressure on most prices, but some favourite shares rose slightly. Indah Kiat
      1,145 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nervous market ends at 15-month low
      2606 15 AP SHARE priccs on a nervous Tokyo Stock Exchange closed at their lowest levels since October 1990 yesterday, while the US dollar fell against the yen. The 225-issuc Nikkei Stock Average lost 290.82 points, closing at 21,321.37. The average, which shed 162.94 points on
      AP  -  2,606 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks rise on Sino-US trade accord
      2735 15 Reuter SHARES opened sharply higher yesterday on news that Sino-US talks on American intellectual property rights had reached agreement at the last moment. The blue-chip Hang Seng Index jumped 42.75 points, or one per cent, to 4,454.89. Turnover rose considerably to HK.52.301 billion from
      Reuter  -  2,735 words
Page thumbnail Page 16
  • AUSTRALIAN STOCK EXCHANGE
    • Article
      Lock icon Market consolidates as investors await new leads
      2459 16 Reuter, UPI. SHARE PRICES closed almost unchanged on the Sydney stock exchange yesterday as investors awaited further direction from world equity markets, brokers said. "The trend seems to be the market wants go back a little bit. Clients realise that it had had
      Reuter,; UPI.  -  2,459 words
  • REGIONAL STOCK MARKETS
    • Foreign funds' talk boosts Seoul stocks
      • Article
        SEOUL
        890 16 SEOUL stocks rose for the second consecutive day yesterday in energetic trading as rumours that an inflow of foreign funds is expected on the market lured local investors into buying, brokers said. "The index gained over 13 points at one point but institutional selling pulled it to some extent
        890 words
      • Article
        MANILA
        598 16 SHARE prices surged in active trade yesterday, breaching the 1.300-point level which brokers had predicted would be reached later this month. The Manila Stock Exchange composite index rose 2 per cent two or 26.51 points to settle at 1.303.30 very close to the 1,317.86 level recorded in November 1989.
        598 words
      • Article
        TAIPEI
        474 16 TAIWAN stocks finished slightly higher yesterday in very active trade but brokers expected to see profit-taking and a technical correction in coming days. The weighted index closed 22.98 points up at 5,045.94 from Thursday's 5,022.96 finish. Turnover rose to NTSS3.I billion from NT549.3 billion. Brokers said profit-taking in industrial
        474 words
      • Article
        INDICES & TURNOVER
        209 16 INDICES TURNOVER NEW ZEALAND NZSE-40 Capital Turnover (N7Smillioo) dose Jan 17 unav unav Previow 1.517.77 33.83 MANILA Composite Index 1.303.30 Turnover (billion) 1.276.79 1.26 26.51 +0.71 TAIPEI Weighted Price Index 5.045.94 Turnover (NTS billion. 53.1 5.022.96 49.3 22.98 3.8 SEOUL Composite Stock Index Turnover (billion won) 616.72 356 610 19
        209 words
  • Page 16 Advertisements
Page thumbnail Page 17
  • WORLD STOCK MARKETS
    • Dow takes a breather in choppy trading
      • Article, Illustration
        NEW YORK
        1487 17 NEW YORK stocks closed narrowly mixed in very heavy and choppy trading on Thursday after trimming losses from a sell-off tied to profit-taking and the unwinding of positions ahead of yesterday's "double-witching hour". The Dow Jones Industrial Average, down about 30 points earlier, gave up 8.95 points to
        1,487 words
      • Article, Illustration
        LONDON
        825 17 LONDON shares finished ahead on Thursday after early losses following the announcement of cuts in the interest charged on mortgage loans by the three biggest lenders to home owners. The move increased hopes for a recovery in the housing market with knock-on effects for the whole economy and the
        825 words
      • Article
        AMSTERDAM
        106 17 DUTCH shares closed mixed on Thursday, managing to hold Wednesday's gains despite late pressure from lower prices in early Wall Street business, dealers said. The EOE index finished 0.45 points down at 291.02 after hesitantly hovering between 290.19 and 292.34 throughout the day. "We fared pretty well. There has
        106 words
      • Article
        PARIS
        155 17 EARLY losses in French share prices were erased by the end of the session as buyers crept back to the market on Thursday, encouraged by gains in UK shares, dealers said. The CAC-40 index was 0.23 point higher at 1,873.40, well off the morning's low of 1,862.34, after strong
        155 words
      • Article
        Untitled
        45 17 Vienna J*n 16 Asch Akg Holding 2470 40 Bank Austria (P) 498 9 E Allgem (P) 2410 unchj Junghun/I ***** +135 Len/ing 994 +6* Le\lam 356 i Montana Oesterr Brau 3660 40 Semperit 100 I Steyr 251 +4 Veitscher 295 4 Source: Z-Landerbank Bank Austria
        45 words
      • Article
        MILAN
        208 17 ITALIAN shares opened the new trading account higher in strong trading volume on Thursday as the market rode a wave of buying interest on most blue chips, lead by the 8 per cent surge in Pirelli SpA stock. The 34 per cent of call options Pirelli holds on Continental
        208 words
      • Article
        STOCKHOLM
        113 17 PRICES on the Stockholm bourse on Thursday recovered from early declines triggered by profit-taking and closed broadly up from Wednesday in busy trade. The bourse general index rose 0.49 per cent to 969.10 in turnover of 777 million crowns. Dealers said advances among cycli-cally-sensitive shares such as in the
        113 words
      • Article
        BRUSSELS
        145 17 BELGIAN shares on Thursday opened mixed after Wednesday's 3 per cent surge. Trading started one hour late due to technical computer problems. Traders said the late start provoked some profit-taking at the opening, because of a lower opening on other European bourses, but "the undertone remains strong", one trader
        145 words
      • Article
        JOHANNESBURG
        356 17 SHARE prices eased slightly on Thursday, giving up a little of the sharp gains recorded this week as demand cooled down and the market took a breather. In late tading the JSE overall share index had retreated to 3,672 after closing at a record high 3,713 on Wednesday. The
        356 words
      • Article
        TORONTO
        464 17 THE TORONTO Stock Exchange 3OOJ composite index, which broke decisive-;, ly above its 52-week high on Tuesday'; and Wednesday, is set to break its< all-time high this year, technical ana-! lysts said. The TSE 300 jumped 40.5; points Tuesday to 3.634.98, added about 22 points Wednesday to 3,656.72; and
        464 words
      • Article
        ZURICH
        239 17 SWISS share prices ended lower on Thursday on profit-taking after two days of registering strong gains. Dealers said turnover had tailed off in the afternoon after active early dealings. The all-share SPI fell 4.5 points to a low of 1.106.7 points at the close after rising three points in
        239 words
      • Article
        FRANKFURT
        180 17 THE FRANKFURT stock market experienced a consolidation phase on Thursday. The DAX trend indicator ended the day at 1,666.34 points, down just 0.07 per cent from the Wednesday close of 1.667.50, while the Commerzbank indicator managed a rise of 0.35 per cent to close at 1,907.4 points. Operators said
        180 words
      • Article
        INDICES & TURNOVER
        81 17 INDICES TURNOVER NEW YORK (W Previous Jan 16 Dow Jones S& P 500 Turnover (million) 3.249.55 418 21 336.24 3.258.50 420.77 312.81 -8.95 -2 56 23 43 LONDON Financial Times 30 ETSE 100 Turnover (million) 1.958.3 2.541.6 643.3 1.940.6 2.537.1 667.4 f 17.7 4,5 -24.1 FRANKFURT DAX Index 1.666.34 1.667
        81 words
  • Page 17 Advertisements
Page thumbnail Page 18
  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback slightly higher in directionless trade in Asia
      1173 18 REPORTS JAPAN lokyo: The US dollar was slightly higher in late Asian trading after rising nearly one pfennig, mostly on aggressive mark sales for yen, dealers said. Aggressive mark sales for yen from investment trusts, exporters and life insurers emerged, triggering stop-loss
      1,173 words
    • Article
      INTERBANK FOREX RATES
      376 18 Cross rates Jan 17 USS SS MS Dm Yen SFr AS NZS t SS 1.6460 2.7070 1.6180 127.90 0.5675 1.4340 1.3495 1.8553 SS 0.6075 1.6446 0.9830 77.7035 0.3448 0.8712 0.8199 1.1271 MS 0.3694 0.61 0.5977 47.2479 0.2097 0.5297 0.4985 0.6854 Dm 0.6180 1.0173 1.6731 79.05 0.3508 0.8863
      376 words
    • Article
      MONEY MARKET
      539 18 Interbank rates SS_ Bid Offer Overnight 2 1/2 2 .V4 1-month 3 3 1/8 2-month 3 3 1/8 3-month 3 3 1/8 0\ernight mode: 3-3/4 I SS Bid Offer 7 days 4 1/8 4 1/4 1 month 4 1/8 4 1/4 2 months 4 1/16 4 3/16 3
      539 words
    • Article
      Lock icon US settles with nearly 100 agency bond dealers
      261 18 AP WASHINGTON Government financial agencies announced on Thursday a US$5.l6 million settlement with nearly 100 banks and securities companies that acknowledged inflating customer orders for quasi-government agency bonds. Some of the biggest names on Wall Street Citicorp, Bear Stears and Co and
      AP  -  261 words
    • Article
      FINANCIAL FUTURES
      1157 18 s 1 M EX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Mar 92 95.74 95.82 95.74 95.81 ***** ***** ***** Jun 9; 95.53 95.64 95.53 95.62 ***** ***** ***** Sep 9; 95.20 95.34 95.20 95.32 ***** 9227 7543 Dec 92 94.61 94.77 94.61 94.71 5020 3131
      1,157 words
    • Article
      Lock icon US$ not likely to be a G-7 issue
      339 18 IHT PARIS Currency traders looking for decisive action out of the meeting of the Group of Seven economic officials on Jan 25 in Washington are almost certainly going to be disappointed, government officials and economists said on Thursday. For days, rumours, originating
      IHT  -  339 words
  • Page 18 Advertisements
Page thumbnail Page 19
  • COMMODITIES
    • Article
      Lock icon Big oil output cuts needed to revive prices: analysts
      417 19 Reuter LONDON Oil markets need a large dose of oil output cuts to revive a sickly market and so far some members of Opec the swing producer of world oil have only gone 10 per cent of the way, industry analysts
      Reuter  -  417 words
    • Article
      Lock icon Gencor group gold mines extend hedging
      321 19 Reuter JOHANNESBURG Gold mines within South Africa's Gencor Ltd stable are increasingly hedging output to lock in prices, said the company's gold division managing director, Gary Maude. This was being done by using options and not through greater forward sales, he told a news
      Reuter  -  321 words
    • Article
      Tin plunges 19 sen, seen testing all-time low
      835 19 REPORTS SPOT tin drifted lower to end 19 sen down at a new five-year low of M$ 14.29 a kg and traders said prices could test an all-time low of M$ 13.99 if weak demand persisted. "It looked like the situation is
      835 words
  • Article
    PRICES
    1389 19 Rubber j an i? MS (to> tolw) S cents/kg Noon Close Int I RSS Prompt I28.75/I29.75N 129.50/130.50N Int 1 RSS Feb 92 129.25/129.75 130.00/130.50 Int I RSS Mar 130.75/131.25 131.50/132.00 Int 2 RSS OP 127.50/128.50N 128.00/129 OON Int 3 RSS OP I24.50/I25.50N 125.00/126.00N Int 4 RSS OP 123.0Q/I24.00N 123.50/I24.50N
    1,389 words
  • Page 19 Advertisements
Page thumbnail Page 20
  • Article
    Lock icon Taiwan to lift 29-year curbs on insurance market
    291 20 Reuter TAIPEI Taiwan will lift 29-year restrictions on domestic insurance operations as part of its effort to make the island a major financial centre and join the General Agreement on Tariffs and Trade (Gatt), the Finance Ministry said yesterday. The Parliament passed
    Reuter  -  291 words
  • Article
    Lock icon US manufacturers, builders more optimistic
    447 20 Surveys show improved outlook for first quarter UPI NEW YORK Optimism improved among US manufacturers and construction companies on the outlook for business conditions and the economy in the first quarter, two business information surveys revealed on Thursday. The Dun Bradstreet Corp (D&B) surveys, which
    UPI  -  447 words
  • Article
    Lock icon Ex-Soviet armed forces urged to remain united
    443 20 Reuter MOSCOW Kazakhstan President Nursultan Nazarbayev yesterday appealed to the armed forces of the former Soviet Union to remain united to "ensure the security" of the new Commonwealth of Independent States (CIS). There must be "no chaos in the transformation of the armed
    Reuter  -  443 words
  • Article
    Lock icon EAEC: Indonesia will not propose changes
    199 20 Bernama AFP KUALA KANGSAR, Malaysia Indonesia is not proposing adjustments to the East Asia Economic Caucus (EAEC) concept, Malaysia's International Trade and Industry Minister Datuk Seri Rafldah Aziz said. She said Indonesian Trade Minister Dr Ariffin Serigar told her this in a telephone conversation
    Bernama; AFP  -  199 words
  • Article, Illustration
    Lock icon Tokyo agrees to trade talks with Seoul
    319 20 Reuter SEOUL Japan yesterday agreed to hold talks on trade cooperation but refused to cut tariffs on South Korean exports, government officials said. The two countries forged the limited agreement during a second round of talks between visiting Japanese Prime Minister Kiichi Miyazawa
    Reuter  -  319 words
  • Article
    Lock icon Japan's economic slowdown is intensifying, says Mieno
    386 20 Reuter TOKYO Japan's economic slowdown is intensifying, but the economy is still in the process of adjustment after being overheated in the past few years. Bank of Japan governor (BOJ) Yasushi Mieno said yesterday. "In the wake of slower domestic demand, the slowdown
    Reuter  -  386 words
  • Article
    Lock icon Bush renews call for overthrow of Saddam Hussein
    368 20 Reuter WASHINGTON President George Bush's renewed bid to encourage the overthrow of Iraqi leader Saddam Hussein comes amid United States concerns that the Iraqi leader was secretly taking steps to rebuild his weapons of mass destruction. "We salute the efforts of thousands
    Reuter  -  368 words
  • Article
    Lock icon Shamir poised to use peace talks for re-election
    235 20 Reuter JERUSALEM Israel's coalition government, facing defeat in Parliament, manoeuvred yesterday to seek re-election on a platform stressing commitment to Middle East peace talks. Prime Minister Yitzhak Shamir was non-committal on wanting an early vote if he lost his parliamentary majority because
    Reuter  -  235 words
  • Page 20 Advertisements
Page thumbnail Page 21
  • Executive Lifestyle
    • Article, Illustration
      Lock icon Private practices
      1454 21  -  An apple a day may keep the doctor away, but what keeps the doctor going? Susan Tsang makes some house calls to find out Susan Tsang THOSE of us who still believe that doctors butcher us with their bills in order to play golf on Wednesdays had best
      Photos by Arthur Lee  -  1,454 words
    • STRAWS IN THE WIND
      • Article
        Tough luck
        41 21 SOME dogs just have their off days. An American executive told us about this ad he saw in a small town paper in the US: "Lost dog. One eye, three legs, no tail, neutered. Answers to the name Lucky."
        41 words
      • Article
        Headline news
        61 21 NEWSPAPERS have a funny way with words. Like the Ne\v York Times, which ran a story about an Elvis Presley postage stamp with the heading: "New Stamp Assures Millions of Elvis Sightings in 1993". It brought back memories of one heading seen in a small town American paper
        61 words
      • Article
        Ouch, that smarts
        37 21 IT's give-a-journalist-some-respect time again. One corporate officer who was organising the Singapore visit of his CEO told one reporter "He's an intelligent man and expects smart and probing questions. Can you manage it?" Duhh?
        37 words
      • Article
        Ban the brand
        82 21 TANG, the orange juice drink, has a competitor. It's called Ting, a grapefruitflavoured powdered drink, and Kraft Foods, which makes Tang, isn't happy. It took the makers of Ting to a US court to ban the name, which it said was likely to cause confusion among the
        82 words
    • OPINIONS
      • Article, Illustration
        The death of democracy
        803 22  -  Algeria was on the verge of democratic government when the experiment was nipped in the bud. Toh Teck Sun and Said Abdullah explain Toh Teck Sun,Said Abdullah Toh Teck Sun is BT's Features Editor and Said Abdullah is a journalist on BT's Foreign Desk A STRANGE
        803 words
      • Article, Illustration
        Lock icon Clearing American misconceptions of Japan
        881 22  -  Contrary to what the US believes, Gregory Clark thinks the trade friction with Japan will not disappear if the playing field becomes level Gregory Clark The writer is an Australian professor of Japanese Studies at Sophia University in Tokyo IHT PEARL Harbor owed much to
        IHT  -  881 words
      • Article
        Local banks should help entrepreneurs
        676 22 LETTERS TO THE EDITOR I WOULD like to add to your comment headlined "Private sector firms in Singapore need help" (BT, Jan 9). It takes plenty of hard work and talent to build up a good company, whether GLC or PLC, but the superlative success
        676 words
      • Article
        Why is CPF treating ordinary and 'A' shares differently?
        143 22 CPF MEMBERS can use their balances to take up rights issues in companies even if the new shares will be classified as "A" pending their going ex the next dividend. However, CPF funds cannot be used to take up the rights
        143 words
    • SPORTS
      • Article, Illustration
        Lock icon Aunol wins amid controversy
        567 23 Paris-Cape Town Rally Reuter CAPE TOWN Frenchman Hubert Auriol drove his Mitsubishi Pajero to victory in the first 12,700-km Paris to Cape Town rally on Thursday amid controversy which could threaten plans to make it a regular event. Officials at the finish played down reported criticisms
        Reuter  -  567 words
      • SIDE LINES
        • Article
          Defiant beats America 3 in the third race
          98 23 SAN DIEGO Buddy Melges showed up his boss, America 3 president Bill Koch, here on Thursday by beating him in the third race of the America's Cup defender series. Melges, who defeated veteran Dennis Conner in the opener on Tuesday, sailed Defiant
          98 words
        • Article
          Kissling gets fifth straight win
          64 23 BRECKENRIDGE, Colorado Conny Kissling of Switzerland collected her fifth straight World Cup victory of the season and 98th of her career, winning the ballet event on Thursday ahead of Americans Sharon Petzold and Karen Hunter. Kissling earned 25.06 points from the judges in an event
          64 words
        • Article
          No need for new trials
          102 23 SCHENECTADY, New York A judge here has blocked an arbitrator's ruling that would have forced the US Bobsled Federation to hold new trials for its Olympic team. New York State Supreme Court justice Robert Doran granted a preliminary injunction Wednesday to prevent a second round
          102 words
        • Article
          Daly may face paternity suit
          60 23 MEMPHIS John Daly, the surprise winner of the 1991 PGA Championship, may soon face a palimony and paternity suit from his former girlfriend, lawyer Marvin Mitchelson said on Thursday. Daly was playing in the Bob Hope Classic in California and was unavailable for comment. The
          60 words
        • Article
          Powell gets Jesse Owens award
          91 23 NEW YORK American Mike Powell, who shattered Bob Beamon's record in the long jump last year, was named the 1992 recipient of the Jesse Owens International Trophy Award. Powell, who won the silver medal at the Seoul Olympics, jumped 8.49 metres at the World Championships
          91 words
        • Article
          Hole-in-one and car for Bradley
          60 23 GOLD COAST, Australia American golfer Michael Bradley sunk a hole-in-one on the 161-metre, par-three 11th hole yesterday during the Palm Meadows Cup tournament and won a Mercedes-Benz worth US$4O,OOO (5565,000). The 25-year-old Florida golfer's down-wind nine iron to the hole hit 15 metres short of
          60 words
      • Article
        Lock icon A Finnish family goes to the Olympics
        433 23 Reuter HELSINKI Finland's Marja-Liisa Kirvesniemi is taking the ideal of the Olympic family literally. While other athletes form new friendships, the 36-year-old cross-country legend will be accompanied by three generations of Kirvesniemis at the Winter Games next month. Husband Harri, 33, will be
        Reuter  -  433 words
      • Article, Illustration
        Lock icon McEnroe tames Becker, Seles sails through
        539 23 Australian Open Agencies MELBOURNE Veteran John McEnroe caused a sensational upset late last night when he beat defending champion Boris Becker in straight sets. McEnroe, the holder of seven Grand Slam titles, won 6-4, 6-3, 7-5 in a thrilling third-round match before a packed
        Agencies  -  539 words
      • Article
        Lock icon US Olympic team's gear not made in USA
        639 23 AP NEW YORK The United States Olympic team won't exactly be all-American when they arrive for the Winter Games. The US team will march into the opening ceremonies next month at Albertville 1 wearing clothes made in j Hongkong. And the bobsledj
        AP  -  639 words
      • Article
        Lock icon Elkington, Lancaster tied for 2nd round of Bob Hope Classic
        290 23 Reuter BERMUDA DUNES, California Unheralded former club professional Neal Lancaster waltzed through the back nine in 29 stro|tes to earn a share of the halfway lead with Australian-Steve Elkington at the USSKI million (S$ 1.8 million) Bob Hope Classic golf
        Reuter  -  290 words
    • EPICURE
      • Article, Illustration
        Good morning, Raffles
        622 24  -  Quek Swee Peng tucks into The Tiffin Room's buffet breakfast Quek Swee Peng Breakfasts at hotels are conducive to thrashing out that complicated funding exercise or that odd currency swap deal. They can also serve as a thoughtful treat for Mumsie. She can, if she wishes to,
        622 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Time to get the reel length
        1000 25  -  Right now there are a dozen major movies that run more than two hours each. But are the days of the average 90-minute movie gone for good? Caryn James wonders Caryn James NYT THERE are movies that need to be long: Greed. The Godfather,
        NYT  -  1,000 words
      • Article, Illustration
        A tip from Landy: Remember what they didn't do
        473 25  -  BRIDGE By Sybil Holloway SANDRA LANDY, one of England's top international players has submitted as her good tip for the i 991 Bols Bridge Tips Competition: "Remember what they didn't do". "When playing a hand as declarer it is always wise
        473 words
      • Article
        Survey of good local buys
        542 25  -  WINE By N K Yong CONTINUING the survey of good local buys: HOCK TONG BEE This family-run importer for a long time concentrated on their excellent burgundies from Burgundy's prestigious Maison Joseph Drouhin, and the stable of Bordeaux wines from the house of Cordier, but
        542 words
    • PURSUITS 1
      • Article, Illustration
        Alive and killing
        826 26  -  When the Phantom of the Mall strikes you can expect a lot of blood, bodies and bad taste. Susan Tsang reviews a movie she wishes she had never watched Susan Tsang HOW do I love you? Let me count the ways. I love you when you're young,
        826 words
      • Article, Illustration
        Down memory lane
        789 26  -  CD Review By RINGO LIEW SIMON AND GARFUNKEL: The Definitive Simon and Garfunkel How deliciously ironic that Simon and Garfunkel used to perform under the stage name Tom and Jerry, considering that they hardly see eye to eye these days after years of fighting like cat and
        789 words
      • Article, Illustration
        Worthy heir to Scheherazade
        763 26 Isabel Allende conjures up a host of fascinating characters in this book of superbly crafted, simply magical short stories The Stories of Eva Luna By Isabel Allende Published by Penguin 226 pages, $13.90 Reviewed by Susan Tsang EVA LUNA's lover asks her to tell him a
        763 words
      • Article, Illustration
        Lock icon A conservative liberal democrat
        1783 27  -  Professor Chan Heng Chee is a Singaporean who believes in speaking her mind publicly, and she readily grants that her political views have changed over the years. She explains why to Margaret Thomas CONVERSATIONS AT RAFFLES Margaret Thomas DEAD CENTRE. That's where Chan Heng Chee places
        Photo by Chris Loh  -  1,783 words
      • Article
        The issues that matter
        577 27 BREAD and butter is what matters in Singapore politics now. Taxes and other costs these are the issues that concern Singaporeans most because Singapore is now a stable polity, says Professor Chan Heng Chee. Like other stable democracies, language, ideology, left-right ideology, communism, non-communism, race are
        577 words
      • Article
        A question of generosity
        606 27 THERE are moments in a conversation with Professor Chan Heng Chee when the teacher in her takes hold. Moments when she clearly wants to put across a thought or theory she has given due consideration to, and she would like you to pay attention. She marks
        606 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article
        Time to look for better returns in stocks
        692 28  -  Magdalene Ng highlights some of the stocks that will benefit most from lower interest rates Magdalene Ng PUTTING your money in the bank doesn't seem to yield much these days. With the latest interest rate cut, investors should be looking for better
        692 words
      • Article, Illustration
        Lock icon Greenback making a turnaround
        386 28  -  Chew Eng Han looks at the uptrend of the US$ against the D-mark Chew Eng Han AS SEASONED traders often say, when everyone's hopping on the bandwagon, it's time to get off. Only a couple of weeks back, currency traders were calling for a fall in
        Source: Pont Data  -  386 words
      • Article, Illustration
        Market gathers momentum for a bull run
        572 28  -  CHART By Najeeb Jarhom The writer is research manager of Fraser Securities WHAT are the chances for a major bull run that will take the market to new highs? A look back at recent history might help. The August 1987 and March 1990
        572 words
      • Article
        Going will still be tough for Jakarta market
        354 28 Indonesia INDONESIA has been the region's worst performing market in 1991, says W I Carr. In absolute terms, the Jakarta Stock Index has fallen 41 per cent and against the World Index, by half. And the going will still be tough. The
        354 words
      • Article
        End of 18-month bear market is emerging
        384 28  -  At a recent seminar, stock broking firm W I Carr presented its views on four Asian markets. Quak Hiang Whai reports Thailand Quak Hiang Whai THE WORSE is over for Thai companies, says stockbroker W I Carr. According to W I Carr, latest
        384 words
      • Article, Illustration
        Bright outlook for the full year, index may rise by 30pc
        452 28 Taiwan AFTER the earlier bad, bad years, the Taiwan stock market could finally be on the road to better days. By W I Carr's estimation, the outlook for 1992 is positive in the short term, very positive for the
        452 words
      • Article, Illustration
        Investors facing uncertainties in market
        439 28 South Korea THERE are as many negatives as there are positives regarding an investment in South Korea. The short-term picture does not look too good. But the big picture will turn more positive over the next 18 months, which could be reflected in the stock
        439 words
      • Article, Illustration
        Lock icon More bargains for the investor
        868 29  -  Analysts and fund managers are looking at the Malaysian and Hongkong stock markets with much interest. Chew Eng Han finds out more about these two markets Chew Eng Han WITHIN the Pacific Basin, the Malaysian stock market was an underperformer last year. Rising interest rates
        Source: W I Carr  -  868 words
      • Article, Illustration
        Lock icon Hang Seng at 5,000 by year-end: W I Carr
        576 29 WITH the Hang Seng Index surging to record highs, the Hongkong market was the region's star performer last year. Falling interest rates, a brisk local economy, and a breakthrough for the new airport project all added to the overwhelming bullish sentiment.
        Source: W I Carr  -  576 words
    • JOBS
      • Article, Illustration
        No tax please, we're Americans
        1191 30  -  Salil Tripathi talks to Laura Lee Sweener, an American tax consultant who helps her compatriots deal with the US Internal Revenue Service Salil Tripathi Nobody likes the taxman, least of all Americans who live thousands of miles away from their homeland. But the American Internal
        1,191 words
      • Article, Illustration
        Lock icon Just singing in the mud
        707 30 Japanese construction companies are coming up with songs to brighten their negative image and attract young recruits FT A MALE pop vocalist croons: "We will sail over the waves to the land of dreams in a white yacht." A top ten hit? Not quite: the
        FT  -  707 words
      • Article, Illustration
        EXECUTIVE MOVES
        366 30 Ms Abegail Chew has been appointed Managing Director of Prime Ad (S) Pte Ltd. Ms Chew holds a Bachelor of Arts (Mass Communication) degree from Toronto. Canada. She will be responsible for charting new directions for the agency. Ms Bernard) lau Wai Ching has been appointed Sales and
        366 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      922 31 City Flight ETA Flight ETT) City Flight ETA Flight ETO 7~~~ SO 105 1050 MH670 0950 Wi'm GA971 0950 MH642 1220 SQ106 1045 AMaMo QF82 2115 SQ107 1305 SQ108 1145 QF81 2010 SQ227 2130 SQ109 1405 MH641 1315 Amstontoai SQ19 0805 SQ24 0115 4 ®9 tmeo8
      922 words
    • THE TRAVEL PAGE
      • Article, Illustration
        An unpretentious hospitality
        770 31  -  LETTER FROM BALI By Rahita Elias IF YOU'RE EVER dining at a restaurant in Bali, just ask for some chilli sauce and the waiter will oblige. But, don't be surprised if, instead of whipping out a bottle of Maggi's best, he presents you with a dish of
        770 words
      • Article
        MONEY CHANGER RATES
        152 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2155 1.2320 Canadian dollar 1.4122 1.4407 NZ dollar 0.8775 0.9130 Sterling pound 2.8903 2.9294 US dollar ***** 1.6490 Local dollars to 100 units of foreign currency Austrian schilling 14.30 14.60
        152 words
      • Article
        WORLD TRADE EXHIBITIONS
        87 31 Duration Title Venue Organiser Tel Duration Title enue Organiser Feb 14-23 International Turin. Italy Torino *****569 Feb 22-37 International Stuttgart. Messe Stuttgart (49)*****89 1992 Fair of Holidays Esposizioni 1992 Trade Fair for Germany International Tourism Sports S.p.A the Hotel. Feb 16-18 Automative Wembley MGB Exhibitions 0892-*****3 Catering
        87 words
    • TIME OFF
      • Article
        THEATRE
        175 32 Familiar Favourites Conductor Lim Yau. A programme of international opera overtures by Weber, Wagner, Berlioz, Wolf-Fer-rari, Bernstein, Suppe and Smetana. Venue: Victoria Concert Hall. Today. 8.15pm. Kumara Sambhavam Dance drama choreographed by Santha Bhaskar in conjunction with Thaipusam. Venue: Victoria Theatre. Today. Bpm. Gu-Zheng Concert in Aid of The
        175 words
      • Article, Illustration
        EXHIBITIONS
        270 32  -  Compiled by Yasotha M Equilibrium: The Utopian Dream by Poh Siew Wah One-man exhibition of some 30 works by Poh Siew Wah. His belief in abstract art is total. Central to the theme of his work is his obsession with "Equilibrium" which is the keynote of this exhibition. Venue:
        270 words
    • Article, Illustration
      CINEMA
      560 32 A Kiss Before Dying. Matt Dillon marries a rich girl, kills her, and then goes for more of the same with her twin. Midnight tonight at Capitol, Changi 2 and Republic 2. I lam tomorrow at Changi 2 and Republic 2. Bed and Breakfast. Roger Moore is no saint,
      560 words
    • Article
      MOVIES ON TV
      413 32 Under The Boardwalk, Mon, 3.00pm t SBC 5 A little like West Side Story on surfboards. Allie is an artist who is sick of the beach rivalry between the locals and the rich kids from the valley. Brother Reef leads the local gang and hopes to win
      413 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      188 21 I The way of turning shares into 1 B j H hONQL£ONQ FINANCE UMTEO SINGAPORE FINANCE UMTTED H *****33 *****33 f I There Are Those Who Recognise The Craft Of Gerald GenU. And There Are Those Who Can Also Afford ll The watchmaking genius of Gerald GenU is encased in
      188 words
Page thumbnail Page 22
  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      38 22 POONESBURY BY GARRY TRUDEAU PREGNANT* UH-HUH HAPPY? HOW COUP I NOT BUT... HOW* P&&4ANT? WJ HAPPY 7 nrte'uc, <r- ÜBCXPfTT KARWEHAPA 1..T DOtfT TLLCHE&SH SPECTACULAR. HEWS' EVEN.. BTTXXJHUCHTD REMEMBER THEMEMOW I I PRINK,ANPYOU FOR. BOTH I OF US.
      38 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      855 24 Nothing Beats A Bud. EIS3 where to wine, dine OK ggggg LL'riTrrr'M' ooigieGjf 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
      855 words
    • Advertisement
      Page 24 Advertisements Column 2
      243 24 jO THE PINE COURT Amidst Imperial splendour. our chefe K rMg>* stage their highly-acclaimed performance Bjjßl fmj f ol Bering cuisine to the satis i /jWj 4 (action of demanding diners To guarantee I W f yfrn, your place amongst the discerning, make I I \1 your reservations early ci|lt'
      243 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      188 25 AND ENTERTAIN <B>riU 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 Va»*m Ha. Singapore 1025 Telephone (65) 732 1222
      188 words
    • Advertisement
      Page 25 Advertisements Column 2
      192 25 ;IP V Mm, ill. v n-A Classical Japanese Food Prepared In The True Kaiseki Style. r I Complete set Lunch from $18.00+ t i Sushi Set Lunch from $18.00+ Tempura Chawanmushi Set Lunch at $20.00+ You Don't Have ToBeA Member to Enjoy Fine Dining Nishiki Restaurant Marina Bay Golf Country
      192 words
Page thumbnail Page 26
Page thumbnail Page 27
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      31 29 J m m m SißfSl VOL 16 No $4 ill HQEUHBSI G I til Available at newsstands from your newsvendor Times the Bookshops For subscription enquiries, call 256 5559 (toll free)
      31 words
    • Advertisement
      Page 29 Advertisements Column 2
      131 29 EXPRESS SHARE LOAN Turn your shared intocasl^^?^ instantly at _JL. JA) Get cash on the spot for your shares for 1,2 or 3 months at 1.1% per month. Scripless counters are also acceptable. Flat (discounted) For more information, call our toll-free numbers. Hong Leong Finance 223 0936 Singapore Finance 226
      131 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      50 30 IF RETAIL IS YOUR BUSINESS TIMESZONE CENTRALjAM IS YOUR ADVERTISING MEDIUM J™® Your weekly entertainment shopping tabloid. Every Thursday with The Straits Times. Call Marvin Chin (740 2080) or Allan Kow (740 2071) J/fl JPSr to find out how you can take advantage advertise at only $7.60 p.s.c.cm. u fu
      50 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      45 31 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 Know Europe bom Mart to ffimuih.
      45 words
    • Advertisement
      Page 31 Advertisements Column 2
      6 31 Innovation Technology in BT every Tuesday
      6 words
    • Advertisement
      Page 31 Advertisements Column 3
      55 31 OMiGE AND ITS TRAUMA "To change who you are your name, your sex, how you look, your whole life is not easy. It's not easy to face the public, to hear their remarks, to look them in their faces." There's much more in weeknder Today NEW, NEWS, NEWSY [RfBH FROM
      55 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      167 31 province (7) 10 I can produce, compa-.sea-bird, one has been con--26 Educate at that place a revolutionary leader who down (7,8) YESTERDAY'S SOLUTION will come last (5.2,3,4) 8 Official baled out with enDOWN ergy (6) mim 1 Quiet goat be disturbed in 13 Having extended across the marshy area (4-3)
      167 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      159 31 Singapore Outlook: Cloudy with occasional showers. Report: Maximum temperature 29.1 Assoc humidity 74% Minimum temperature 23.5 Assoc humidity 97% Hours of sunshine 4.50 Rainfall in mm 20.0 Rainfall this month 65.4 Rainy days this month 6 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 24/17 Cloudy Bangkok 33/19 Showers Beijing 00/-9 Sunny
      159 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      30 31 fc:iLk£.M>3ElgWWWI GOOD ftDDRCe '<51 LOOKS AS FOUL COS. T& "ftJC N€LU) NtNC*T£OJ N'IMCTy |'U- B'f CHUCtciNG 'N owe flJ^ TveibueL TOO HpSS IJL not PUN Qtoc ASSOCIATED ICMMKM LTD.. IMI-IWI
      30 words
Page thumbnail Page 32
  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      1712 32 TODAY'S TV ■Bin Religious programme. NN News. PM Documentary. Dinosaucers, 10.30 am, SBC 5 ?-55 JJJJJj* ?2J-!l ,ek>di Scouts go to Prayer Call. This 1990 production looks summer the Tyrannos 1.30 Sabah Indah (Cont'd). they have a 1.35 Riang Ma Bersama Anda. He They up a 2.00 Drama PMHian. torn
      1,712 words
    • Miscellaneous
      Page 32 Miscellaneous Column 2
      229 32 RADIO Short Story, BBC, Saturday, a woman and a shop, separated 9.30 am by an ocean but united by a Mr Nathaniel Eminike is a love for literature, "progressive" and scorns all Replace a oisc BBC S||nd talk of sea-spints as supersti- ic M tious drivel. Until, that is, he
      229 words