The Business Times, 1 February 1992
1992-02-01
1
30
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The Business Times
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Title Section17 1992-02-01 1 Business Times MITA (P) 35/12/91 Weekend Edition, February 1-2 1992 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS SUMMARY
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Article30 1992-02-01 1 PRICES of blue chip stocks showed early gains on Wall Street yesterday, with the Dow Jones Industrial Average up 7.37 points at 3.252,23 five minutes into the session.30 words
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Article35 1992-02-01 1 LONDON share prices were higher at midday yesterday, boosted by gains in other stock markets. At noon (1200 GMT), the FTSE 100-share index was up 27.7 points, or 1.1 per cent, at 2,578.5.35 words
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58 1992-02-01 1 WASHINGTON The US Government's main economic forecasting gauge dropped for a second straight month in December, the Commerce Department said yesterday, signalling a weak start for 1992. The 0.3 per cent decrease in the department's Index of Leading Indicators was contrary to58 words
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Article44 1992-02-01 1 SINGAPORE'S spending on research and development shot up 53 per cent from 1987/88 to 1990 to $571.7 million. But, as a percentage of gross domestic product, it rose only 0.1 percentage point to 0.9 per cent, said a survey Page 244 words
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Article38 1992-02-01 1 MURDOCH-CONTROLLED South China Morning Post (Holdings) yesterday reported an 11 per cent increase in firsthalf net earnings. Profit after tax for the six months ended Dec 31, 1991 rose to HK5267.3 million Page 338 words
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Article26 1992-02-01 1 THE Cambodian government has begun receiving bids for another 20 oil blocks which are not in the zone of conflict Page 626 words
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Article28 1992-02-01 1 ARMS MANUFACTURERS gunning for new markets in a shrinking world market are primarily targeting wealthy Gulf countries, South-east Asia and other industrialised countries Page 728 words
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Article, Illustration470 1992-02-01 1 Sangeeta Mulchand - By Sangeeta Mulchand SINGAPORE Airlines involved in the undercutting of fares to London last October will raise prices in two stages starting today, as agreed with an airline grouping which sets minimum fares. At two Intra-Orient Marketing Programme (IMP) meetings in November,470 words
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Article, Illustration388 1992-02-01 1 Conrad Raj - By Conrad Raj SINGAPORE Singapore Airlines will fly to Johannesburg from the end of next month following the signing of an air-services agreement between the Republic and South Africa on Thursday. South African Airways, that country's national carrier, is expected388 words
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325 1992-02-01 1 Reuter TOKYO A slump in oil prices and sluggish imports have caused the biggest trade surplus in Japan's history and it is likely to rise in 1992, economists said. The Ministry of Finance (MOF) announced yesterday that Japan's unadjusted trade surplus roseReuter - 325 words
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162 1992-02-01 1 Reuter DAVOS, Switzerland German Economics Minister Juergen Moellemann yesterday called for a summit of G-7 heads of state and government in the spring if the Uruguay Round of talks to liberalise world trade stayed deadlocked. "If necessary, we need in MarchReuter - 162 words
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522 1992-02-01 1 Outlook for Europe its biggest concern Reuter WASHINGTON The International Monetary Fund has slashed its forecast for economic growth this year in major industrial nations and voiced particular concern about the outlook for Europe, Western officials said on Thursday. They said the newReuter - 522 words
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Page 1 Advertisements
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Advertisement119 1992-02-01 1 Nikon TheWWd'e AwH Photographic tyUiii. COVER Predictions for the Monkey Year. EL 1 CONTENTS Ajrcraft Schedule EL 11 Commodities 17 Company News 3. 4 Cryptic Crossword El 11 Executive Jots EL 10 Futures Options 16 Interbank Forex Rates 16 KLSE 11 Money Changer Rates EL 11 Money Market 16 Regional119 words
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Advertisement10 1992-02-01 1 OPINIONS No Great Leaps in the democratic process. EL 510 words
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Advertisement20 1992-02-01 1 PEOPLE Faces in the news: a new weekly pictorial. EL 6 Fed to keep money supply growth adequate. Back Pg20 words
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Advertisement178 1992-02-01 1 Nikon TfctWbfMtftiMl Wlllup^Mli|HWi PURSUITS Conversations at Raffles: Zainul Abidin Rasheed. EL 7 *s FINANCE Full steam ahead for Jaya. EL 8 Economist Sarah Hewin looks at 1992. EL 9 Letter to Editor, EL 5 Since 1735 there has never been a quartz Blancpain watch. And there never will be. *5178 words
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Advertisement19 1992-02-01 1 JOBS The Harvard Case Method. EL 10 Letters of reference. EL 10 V v •Qk sera, Sarah?, EL 919 words
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SINGAPORE NEWS
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Article413 1992-02-01 2 Claire Leow - But amount still small as percentage of GDP By Claire Leow SINGAPORE'S spending on research and development shot up 53 per cent from 1987/88 to 1990 to $571.7 million, according to a survey by the National Science and Technology Board (NSTB) and the Department413 words
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238 1992-02-01 2 THE US-based electronics company Honeywell has expanded its South-east Asian headquarters in Singapore. The managing director of Honeywell South-east Asia, Sam Fahmy, said operations had been enlarged and centralised at the Chai Chee Industrial Park. "Having all our facilities under one roof means improved238 words
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Article, Illustration352 1992-02-01 2 Hong Lee Tiam - Vendors say people prefer to shop in suburban and HDB centres By Hong Lee Tiam POOR SALES haunt Chinatown shopkeepers, who had been hoping to cash in on the once-a-year demand for Chinese New Year delicacies and flowers. Interviews with numerous Chinatown businessmen this week revealed352 words
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168 1992-02-01 2 THE Singapore High Court has adjourned its hearing into the latest winding-up petition against Marina Village International, former flagship company of Elyamani Khamis. Darek Construction Furnishing will have to wait another two weeks before it can hope for the village to168 words
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222 1992-02-01 2 A WATCHDOG group representing major computer software companies said yesterday it would drop legal action against a local company for alleged copyright infringement. The premises of Singa-pore-registered Octogram Design were first searched by representatives of the Business Software Alliance (BSA) last Nov 8 for222 words
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SHIPS IN PORT
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Article858 1992-02-01 2 9* fey No Etb/Btr Ucort 1 P*M F Mom/Mam ran To fate From Bauhina m 01/2330 i 3 500 700 31/1659 31/0659 31/1900 01/0900 Bom Andree 33CW91 02/2300 1/0700 1/1200 11/1159 11/1459 01/1400 01/1700 CGM Pasteur 3022 02/0700 1/0700 )1/1159 01/1400 CY Land NB203 02/1800 3 G 1/1700858 words
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COMPANY NEWS 1
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494 1992-02-01 3 Catherine Ong - Firm's 11 pc increase in line with analysts' forecasts From Catherine Ong in HONGKONG SOUTH China Morning Post (Holdings) yesterday reported an 11 per cent increase in first half net earnings, in line with analysts' expectations. Profit after tax for the six months494 words
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191 1992-02-01 3 AFP HONGKONG The Hongkong and Shanghai Hotels Ltd (HSH) announced here yesterday that it has taken a 12 per cent stake in the de-luxe-class Palace Hotel in Beijing. The 578-room Palace Hotel, which has been managed by HSH's hotel marketing andAFP - 191 words
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Article145 1992-02-01 3 SINGAPORE Electronic goods retailer Pertama Holdings Ltd made an unexciting debut on Sesdaq yesterday, closing at 47.5 cents, only 2.5 cents above its issued price of 45 cents. The stock was the most active counter yesterday, with 2.87 million units changing hands. It accounted for145 words
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264 1992-02-01 3 SINGAPORE Oriental Holdings Bhd's subsidiary, Teck See Plastic Sdn Bhd, has set up a new company to make plastic motor car parts in Malaysia. The new company, Hicom-Teck See Manufacturing Malaysia Bhd, is a 30-70 joint venture between the government-owned Heavy264 words
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223 1992-02-01 3 MameeDouble Decker forecasts M$10.2m profit MBT KUALA LUMPUR Ma-mee-Double Decker (M) Bhd, the Malacca food-based group seeking a listing on the Kuala Lumpur Stock Exchange's main board, has forecast a consolidated pretax profit of MS 10.18 million (556.31 million) for the year ending June 30, 1992. In its offer-for-sale prospectusMBT - 223 words
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443 1992-02-01 3 MBT KUALA LUMPUR Malaysian carmaker Perusahan Otomobil Nasional Bhd has drawn up a five-year plan which involves investing MSI billion (***** million) to MS 1.2 billion to boost production by 38 per cent to 147,500 units in 1996 from 107,000 units thisMBT - 443 words
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212 1992-02-01 3 Bernama KUALA LUMPUR Berjaya Group Bhd's stake in Inter-Pacific Capital Sdn Bhd will be increased from 30.1 per cent to 70.3 per cent following its proposed acquisition of an additional 14.075 million ordinary shares of MSI (550.62) each. The proposed acquisitionBernama - 212 words
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COMPANY BRIEFS
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41 1992-02-01 3 SINGAPORE SAL Industrial Leasing Ltd has implemented a share ownership scheme as an incentive for its full-time employees. The scheme, effective from Jan 1, will be administered by an independent external trustee. Participation is voluntary.41 words
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Article61 1992-02-01 3 SINGAPORE Isetan Singapore Ltd's managing director Kunihiko Tamaki leaves the company and its subsidiaries today to return to Japan. He also resigns as a director of Isetan with effect from today. Isetan said general manager Yujiro Harimoto has been promoted to replace Mr Tamaki from61 words
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Article70 1992-02-01 3 SINGAPORE Amcol Holdings has appointed the general manager of Suntec Investment, Ang Ah Lay, as group general manager (corporate development) with effect from today. Suntec, a substantial shareholder of Amcol, will be paid $6,000 monthly by the latter for Mr Ang's services. Other than Robert70 words
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Article84 1992-02-01 3 SINGAPORE British Malayan Trustees Ltd posted an 8 per ccnt increase in after-tax profit to $440,000 for the half year to Dec 31, 1991. Trustee service fees and commission incomc rose 27 per ccnt to $868,000, from $682,000 previously. But investment income fell 16 per84 words
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Article42 1992-02-01 3 SINGAPORE The directors of City Developments Ltd said the company has received acceptances for 45.7 million rights shares and excess share applications for 2.9 million rights shares at the close of its recent rights issue exercise.42 words
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Article71 1992-02-01 3 SINGAPORE The directors of Amtek Engineering announced that the company has awarded a $5.3 million contract to Mei Hwa Construction Pte Ltd to build extensions to one of Amtek's existing Jurong Town Corporation factory buildings at Kian Teck Drive. The extensions comprise a single-storey factory with71 words
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225 1992-02-01 3 MBT KUALA LUMPUR Mancon Bhd, which was listed on the Kuala Lumpur Stock Exchange's second board yesterday, is confident of clinching Ms26l million (S$ 162 million) worth of projects in the next one or two months. Executive vice-chairman Soo Tian Chai said the projectsMBT - 225 words
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COMPANY BRIEFS
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91 1992-02-01 4 TOKYO Japan's Sanyo Electric Co Ltd said yesterday that its net consolidated profit declined 3.8 per cent from a year earlier to 15.8 billion yen (*****.4 million) in the year to November. Group sales advanced 7.8 per cent to 1,587 billion yen91 words
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84 1992-02-01 4 7 PARIS French state-owned steel maker Usinor Sacilor said on Thursday it lost 3.1 billion francs (Ss92l million) in 1991 and plans to cut 8,000 jobs over the next three years, paving the way for a return to profitability in 1992. The firm,84 words
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97 1992-02-01 4 TOKYO All Nippon Airways Co Ltd (ANA) aims to boost its sales to 1.1 trillion yen (S$ 14.3 billion) in the year starting April 1, 1995, from 733.39 billion yen in 1990/91, the airline said in a newly revised five-year business plan. ANA updates its medium-range97 words
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Article105 1992-02-01 4 TOKYO Japan's Matsushita Electric Works Ltd said yesterday that it will launch a joint venture in Indonesia to produce lighting equipment. Matsushita officials said the new firm, to be named PT Matsushita Gobel Electric Works Manufacturing, will be established in Jakarta with a paid-up capital of105 words
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102 1992-02-01 4 LONDON British music and retailing group Thorn EMI pic said it is to withdraw from general electrical retailing in the UK and incorporate its Rumbelows shops into its UK rental business. A Thorn statement said around 800 jobs will be affected by the102 words
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Article, Illustration403 1992-02-01 4 Reuter SYDNEY What is Australia's richest man, Kerry Packer, up to? Analysts are asking the question following reports that the media tycoon is about to increase to almost As 2 billion (552.4 billion) the funds he has raised in less than 18 months. OneReuter - 403 words
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458 1992-02-01 4 Reuter BANGKOK Bangkok Land, the real estate developer whose share flotation was the latest in Thai stock market history, is expected to monopolise attention when it makes its trading debut next Wednesday, brokers said. They said investors would likely focus on theReuter - 458 words
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380 1992-02-01 4 BANGKOK Thai Airways International is expected to float its shares at an offering price of 70-75 baht (554.*****.82) each in a one-billion-baht recapitalisation programme, The Nation said in a recent report. The shares are tentatively scheduled to start trading in April this380 words
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350 1992-02-01 4 Reuter LONDON British Telecommunications pic has blamed the pinch of price controls and recession for slightly lower profits in the three months ending last Dec 31, 1991. Britain's leading telecommunications provider on Thursday said third-quarter pre-tax profit slipped to £759 millionReuter - 350 words
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546 1992-02-01 4 Reuter AUCKLAND A slide in the shares of New Zealand brewer Lion Nathan over the past few weeks continued yesterday after it amended the terms of a merger that will make it Australasia's biggest beverage company. Lion, New Zealand's sixth-biggest company,Reuter - 546 words
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371 1992-02-01 4 Reuter GUANGZHOU New World Development Co Ltd hopes to join a project to double output from a major new power station near the south China city of Guangzhou, the Hongkong company's legal adviser, Sam Leung, said. New World, a property and investment firm,Reuter - 371 words
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414 1992-02-01 4 NYT NEW YORK Coca-Cola Co said on Thursday that its fourth-quarter profits had jumped 22 per cent, driven by strong sales overseas and a pickup of sales in the United States, and its stock jumped nearly 8 per cent. The company alsoNYT - 414 words
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Article, Illustration377 1992-02-01 4 FT NEW YORK UAL, the parent company of United Airlines, has reported its larg-est-ever quarterly loss at U*****.6 million (*****.7 million) and warned that it planned to cut its capital spending by at least US$2 billion over the next three years because of theFT - 377 words
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168 1992-02-01 4 Reuter NEW YORK Defunct Pan Am Corp filed a US$2.5 billion (Ss4.l billion) lawsuit on Thursday accusing its one-time partner. Delta Air Lines Inc, of driving the carrier out of business. Pan Am said it was forced to cease operations on Dec 4Reuter - 168 words
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Page 3 Advertisements
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Advertisement120 1992-02-01 3 Scalpel... scissors.„sutures._ Business Times Whether you're a surgeon, lawyer, contractor or engineer, you need to be kept well informed to maximise returns on your money. In the same way a surgeon needs his tools to operate, he needs Business Times to help him make sound investments. Fluctuations in shares, in120 words
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Advertisement124 1992-02-01 3 FOR SALE GILT EDGED INVESTMENT Cnr. Francis and William Streets, Perth, Western Australia. $A 62,500,000 10.73% yield. Due for completion May 1992. 21,000m 2 of office accommodation over 5 levels. Office space fully leased to the Australian Taxation Office for 10 years with a further two 5 year options. 1000124 words
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FINANCIAL NEWS
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Article, Illustration333 1992-02-01 5 Reuter LONDON The Lloyd's of London insurance market dispelled rumours of large losses for years to come, saying it expects a pure profit of £424.5 million (S$ 1.27 billion) for the year 1991, after a loss of £390.5 million in 1990. OnReuter - 333 words
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278 1992-02-01 5 Reuter SYDNEY Westpac Banking Corp said the worst will be behind it, if the encouraging results in the three months to December 31 continue. "Despite the continuing poor economic conditions, our operating results for the first quarter of this current trading year are encouragingReuter - 278 words
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Article, Illustration457 1992-02-01 5 DBS bank weekly currency review US$/Dm: bulls... After gapping up on Monday, volatile trading was seen this week as the US dollar fell to a low of 1.5815 marks on Wednesday, and then rebounded sharply to reach a high of 1.6245 on Thursday. Volatile trading457 words
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212 1992-02-01 5 AFP JAKARTA Chase Manhattan Bank on Friday announced it will transfer consumer banking services in Indonesia to Bank Universal, a private Indonesian bank of the Astra business group. "In order to strengthen our position in Indonesia, Chase Manhattan BankAFP - 212 words
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311 1992-02-01 5 Chew Eng Han - Chew Chew Eng Han SINGAPORE Competition is heating up in the field of financial information services. Reuters, a leading vendor of financial information and news, has introduced a technical analysis tool, which will compete directly with products of other vendors such as Telerate and Pont311 words
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SMALL CHANGE
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79 1992-02-01 5 SINGAPORE The US$54 million (5587.48 million) loan to Indonesia's state owned Bank Rakyat is now slightly oversubscribed, after an extended deadline to Wednesday from Monday. BT reported yesterday that there was a shortfall. But the shortfajl of US$l5 million on Monday was quickly taken up.79 words
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71 1992-02-01 5 Phillips Drew acquitted of fraud LONDON Stockbroker ÜBS Phillips and Drew and two subsidiaries of Britain's largest commercial bank, National Westminster Bank Pic, were acquitted of fraud charges in London's long-running Blue Arrow trial on Thursday. The broker. County Natwest. Natwest Investment Bank and Five individuals were accused of resorting71 words
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Article81 1992-02-01 5 HONGKONG The local arm of the Bank of Credit and Commerce International (BCCI) will not re-open under a new name much before July, due to technical complexities, the bank's liquidator Noel Gleeson said yesterday. Mr Gleeson said after a meeting with depositors, who had demanded81 words
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Article61 1992-02-01 5 WASHINGTON The World Bank said it plans to launch its first global yen bond issue late in the first quarter. The issue follows six US dollar-denominated global bond issues by the Bank since September 1989. Just as with the global dollar bonds, the yen bonds61 words
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333 1992-02-01 5 Reuter PARIS Paribas, one of the pillars of the French financial establishment, plunged into the red in 1991, after a leap in provisions for bad and doubtful loans, including money lent to the late British tycoon Robert Maxwell. The firm, whose fullReuter - 333 words
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Advertisement45 1992-02-01 5 ■D mma SINGAPORE M •v > V o^s i vV',-'' 3 <V CONSTRUCTION UL 2, LiliLLl f ii'iiddUzi" i imiv m £VucrL vK't otr* i* cP iSP^r: MJ i Available at newsstands from your newsvendor Times the Bookshops For subscription enquiries, call 256 5559 (toll free)45 words
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THE REGION
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NOTE BOOK
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111 1992-02-01 6 BANGKOK Myanmar's National Intelligence Bureau (NIB) has smashed a smuggling ring illegally exporting topgrade teak to Singapore, official Radio Rangoon said in a broadcast monitored here on Thursday. The NIB agents, acting on a tip-off from local residents, arrested 39-year-old gang leader KJiin111 words
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133 1992-02-01 6 CANBERRA Australia's budget deficit totalled A$ 11.10 billion (5513.6 billion) in the first six months of fiscal 1991/92 to June 30, 1992, Finance Minister Ralph Willis said yesterday. This compares with a deficit of A 53.59 billion in the six months to December 1990, Mr133 words
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Article105 1992-02-01 6 PHNOM PENH To show US support for democratic development in Cambodia, the top US diplomat here on Thursday met a leading dissident who was wounded in an assassination attempt. Charles Twining, the US mission chief here, met Oung Phan, a strong critic of corruption and105 words
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Article132 1992-02-01 6 JAKARTA A volcano expert put residents on alert in Indonesia's crowded Central Java province, warning the Mount Merapi volcano may erupt at any time, news reports said Thursday. Volcanic activity has continued to increase at the 2,900 m Merapi, 700 km east of Jakarta, vulcanologist132 words
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75 1992-02-01 6 JAILARTA Indonesian Minister of Information Harmoko said the government had banned political debate on the upcoming election being aired on private-run television and radio stations, press reports said here yesterday. "It is forbidden for private-run televisions and radios to carry out such a political debate,"75 words
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Article, Illustration461 1992-02-01 6 Harish Mehta - By Harish Mehta SINGAPORE The Cambodian government which is locked in dispute with Thailand over six offshore oil fields has begun receiving bids for another 20 oil blocks which are not in the zone of conflict. Several international oil companies have submitted bids,461 words
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Article316 1992-02-01 6 SINGAPORE The exploration efforts of the first Western company licensed to seek oil in Laos have been severly hindered by thousands of unexploded American bombs left over from the Vietnam war. As a result. Enterprise Oil Exploration Ltd says work has been slow, though it expects316 words
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287 1992-02-01 6 AP KUALA LUMPUR Malaysian officials asked Japan on Thursday to reduce tariffs on more Malaysian products to help reduce their country's large deficit in trade with Japan. The request was presented in talks between officials of Malaysia's Ministry ofAP - 287 words
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302 1992-02-01 6 AFP KUALA LUMPUR Malaysia is moving to invite the foreign press to relocate their Asian regional offices to Kuala Lumpur, Information Minister Mohamed Rahmat said yesterday. "The Cabinet recently approved proposals to make Kuala Lumpur an international media centre for theAFP - 302 words
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347 1992-02-01 6 Reuters LOS ANGELES The Walt Disney Co is studying plans for a theme park in Thailand in the event that plans for its Tokyo park fail to take off, says analysts. A Walt Disney Co planning team visited Thailand onReuters - 347 words
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Article, Illustration424 1992-02-01 6 Sipadan island's beauty marred by man and politics Reuter SIPADAN ISLAND, off Borneo Turtles glide nonchalantly past awe-stricken scuba divers while a school of barracudas swarms above the occasional shark basking in the reef bed. The tiny island of Sipadan off the east coast of BorneoReuter - 424 words
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Page 6 Advertisements
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Advertisement100 1992-02-01 6 INVESTMENTS IN NB/V ZEALAND Business Times SPECIAL FEATURE February 17,1992 T„ I hetheme for Business Times' special feature Is "New Zealand Gathering Strength for Recovery". The feature will also coincide with a seminar in Singapore on investing in New Zealand. Readers can look forward to vital information on business opportunities100 words
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THE WORLD
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Article, Illustration508 1992-02-01 7 Main targets are Gulf nations and S-E Asia AFP PARIS As the US-Soviet arms race dissolves, arms manufacturers are jostling harder than ever for new contracts in a shrinking world market, according to Western experts. Business sources and officials who asked to remain anonymousAFP - 508 words
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431 1992-02-01 7 AFP JOHANNESBURG With South Africa shedding its image as polecat of the world, its trade with African countries has increased dramatically during the past two years. Official Customs and Excise figures show that trade with Africa has increased by a third from 3.4AFP - 431 words
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309 1992-02-01 7 Reuter NEW YORK Having made a fortune building weapons for the world's military, Lockheed Corp and two other US defence contractors launched a new company on Thursday to capitalise on disarmament in the United States and the former Soviet Union. TheReuter - 309 words
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400 1992-02-01 7 Data on factory orders, spending, jobs show US still in a slump AP WASHINGTON In a rash of discouraging economic news on Thursday, the government said US factories received sharply fewer orders for durable goods in December and more people sought jobless benefits through theAP - 400 words
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414 1992-02-01 7 Critics dismiss budget as election-year gimmickry Reuter WASHINGTON The Bush administration appears to have underestimated the federal deficit and played games with economic growth in a US$l.5 trillion budget (552.45 trillion) that smacks of election-year gimmickry, analysts said on Thursday. The budget, unveiled by theReuter - 414 words
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WORLD WATCH
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93 1992-02-01 7 PARIS Three top-level French civil servants were fired and a presidential adviser who heads the French Red Cross resigned on Thursday night amid a public outcry over the hospitalisation in a Paris Red Cross hospital of a Palestinian leader linked to hundreds of terrorist93 words
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Article68 1992-02-01 7 WASHINGTON The US military will halt or cut back operations at 83 additional military sites in Europe. The Defence Department said the move is another step in a process that is expected to shut down or reduce activities at 492 installations about one-third of all68 words
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Article76 1992-02-01 7 FRANKFURT As German steel workers are casting their final votes in a strike ballot, a second German banking union, IG Metall, called on members to back industrial action and shop workers set a 10 per cent pay claim. The final decision on when and where76 words
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Article75 1992-02-01 7 LONDON Britain announced radical reform of its natural gas industry on Thursday, agreeing to open the home market to imports from Norway and encourage exports to Europe. Energy Minister Colin Moynihan told parliament the reversal of a long-standing ban on cross-border gas sales was an75 words
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95 1992-02-01 7 PRAGUE Russia will imminently recognise Croatia and Slovenia, the foreign ministers of the two Yugoslav breakaway republics said here on Thursday. Slovenian Foreign Minister Dimitri Rupel said he had been told by Russian Foreign Minister Andrei Kozyrev that Russian recognition would come "in the next few95 words
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305 1992-02-01 7 AP CAPE TOWN The white population was ready to vote the government out of office to stop President F W de Klerk's reforms, a Conservative Party spokesman said on Thursday. Pieter Gous also reiterated his party's rejection of constitutional negotiations launched lastAP - 305 words
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226 1992-02-01 7 AFP NEW DELHI A Japanese business mission on Thursday held out hope of increased investment in India, but said it wanted more in return including lower taxes and a freer hand in repatriating profits. Rokuro Ishikawa, leader of the 100-strong delegation, toldAFP - 226 words
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Page 7 Advertisements
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Advertisement60 1992-02-01 7 THE FINEST SHOES IN THE WORLD HAPPEN TO BE MADE IN AMERICA, ALLEN-EDMONDS. PARK AVENUE o k /l MANCHESTER SAN FORD r ENFIELD Exclusively available at: Petit Ch«ft» #02-40/41 C«ntr«po<nt (T«t *****66) Ftnta* #02-38 C«ntr«potnt (T»t *****68) P*W« Rhmm #01-10 liang Court (T«t *****52) SMgtn #02-07 Orchard Emwald (T«t *****35)60 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration865 1992-02-01 8 Quak Hiang Whai - By Quak Hiang Whai BUOYED by overseas gains, share prices on the Singapore market rose in quiet trading yesterday after three consecutive days of losses. Brokers said activity was concentrated on Malaysian counters and Pertama Holdings which made its debut on the865 words
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Article, Illustration65 1992-02-01 8 Chew Eng Han - By Chew Eng Han Comment TARGET of $1.12 has been achieved and slightly exceeded, and the stock is now retracing downwards. First support is at $1.0S. If this holds, the upmore will resume for a target of $1.20-$1.23, a good level to liquidate. But if $1.05 breaks, lookSOURCE: PONT DATA - 65 words
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Article2151 1992-02-01 9 MAIN BOARD BONOS, LOANS ft WARRANTS F5 5S3 I 1991/92 Car Last Vol Day Last Qaste Rate Hi* Low IS Conpaay Traded Sale +«r0000) High 31 Eft 31 <%) 25 10 1521 Burwill Wt***** HK 10 5 25 386 78 t 1565 C&C Wt 3402,151 words
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Advertisement10 1992-02-01 9 ASIAN AEROSPACE 92' A special BT Supplement Feb 25, 199210 words
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Article112 1992-02-01 10 I PnrNH *»«w to»tod o< ll traded m lots of 1.000 shares each P/t rate Mad tot mat ceaaatoetod result* Fwwp sham P/Es are adpetod tor currency LL.vH.lm/ unless otherwise specified >n WN shares Quoted Mars q# yw Fqimr Atm to# rtfrenn aflvfftn stocks other112 words
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Advertisement21 1992-02-01 10 SPH Shine Company Research The smart addition to your research department is only a phone call away Telephone: *****63, *****66, *****8921 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration513 1992-02-01 11 Bernama THE share market in Kuala Lumpur regained its sparkle yesterday after moving listlessly over the week with prices finishing broadly higher on bargain-hunting. Major gainers were blue chips, thanks to a gush of buying interest among institutions in the last half anBernama - 513 words
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Advertisement9 1992-02-01 11 Don't miss Executive Jobs every Saturday in Business Times9 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration1857 1992-02-01 12 Reuter BANGKOK share prices ended mixed yesterday as investors showed caution ahead of next week's listing of property giant Bangkok Land, brokers said. The SET index ended 1.25 points lower at 763.45 on a turnover of 6.71 billion baht. Bangkok Land's flotationReuter; SOURCE: PONT DATA - 1,857 words
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JAKARTA STOCK EXCHANGE
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102 1992-02-01 12 JAKARTA share prices rose across the board yesterday, encouraged by fresh buying interest from local and foreign investors, brokers said. The official index rose 6.52 points to 282.24, with 17.63 million shares exchanging hands in yesterday's halfday session. Jaffa was well traded with a102 words
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Advertisement23 1992-02-01 12 priCt\< pre* ilod by TCLERATE Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in Business Times.23 words
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Advertisement305 1992-02-01 12 BUSINESS TIMES NOTICES Toll-fTMIW No: 737-0043 Fax No: 734-3006 wimmimt* THE COMT AMES ACT, CAP. M M THE MATTER OF PALMSPRN PTE LTD MEMKM* VOLUNTARY WINDING-UP At M Ejdr Ka A jvy Qimfil kMn| o» m« —M— <* ttm AMMmd Cwpf duly oorv vartad and toM M 4 Qui Stoat305 words
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Advertisement248 1992-02-01 12 InThaMaMrof ThaOompartaaAe* Cm-90 And In Tha Mature* NNLLSNMUM MVMTINNTI PTI LTD >n vcfcmary Lqud—on) UNMKM 1 VOLUNTARY mmm At en BtNedney Oww# Mmingcftiinnfeno(tiiftMn(Tiid Oomparv duy WMI tt6 Ml at 220 Orchard Road •06-01 Mdpomi Orchard Sngapon 0023 on 28* d%ofJaruaryl992aMO.OOajTvtia BpioMtaoljloniiilou(MOMMi dui^piMd> •pscial pmoumoM fa) That N Oompany ba ward248 words
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Advertisement370 1992-02-01 12 M THE MATTER Of THE COMPANIES ACT, CAP. M AM) M THE MATTER OF REINVEST PROPERTIES PTE LTD (In MmM Valuntory U^MM) Of RESOLUTIONS At in Extraordinary Qanaral Maabng of tfa mambars of REINVEST PROPERTIES PTE LTD duly corwanad and haM at 20 Maxanl Road, *10-02 MaxwaD Houaa. Singapore 0106370 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2337 1992-02-01 13 Reuter TOKYO stocks extended their rally to a second day yesterday in the heaviest volume this month and the Nikkei closed above 22,000, though well off its day's highs. Prices jumped on continued bargain hunting, fu-tures-linked buying and hopes for political moves to resuscitateReuter - 2,337 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2289 1992-02-01 13 Reuter HONGKONG share prices ended firmer yesterday in a traditional pre-Lunar New Year rally led by strong local demand for property developers which drove the Hang Seng Index past the key 4,600 psychological barrier. Selling pressure dried up in the afternoon after earlierReuter - 2,289 words
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AUSTRALIAN STOCK EXCHANGE
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1947 1992-02-01 14 Reuter SHARES in Sydney closed higher yesterday after performing solidly all day, bolstered by strong overseas markets and an upswing in the banking sector. Brokers said that a high turnover of 168.9 million shares worth AJ447.3 million, with rises leading falls by fourReuter - 1,947 words
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REGIONAL STOCK MARKETS
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Philippine, S Korean stocks end higher
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Article197 1992-02-01 14 AN 18-CENT tumble in Lion Nathan shares yesterday followed by a good rebound dominated business on a slightly weaker New Zealand share market by the close. Most leaders ended a few cents lower for no particular reason as corporate news was minimal. Brokers detected selective buying interest and197 words
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Article130 1992-02-01 14 BARGAIN hunting after the week's sell-off pushed Manila shares higher yesterday, helped by Wall Street's overnight gains and signals of business confidence from the public sale of state-owned Philippine Airlines, brokers said. The Manila Stock Exchange composite index edged higher by 24.94 points to close at 1,255.97. Combined turnover130 words
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Article149 1992-02-01 14 SEOUL shares surged in active trading yesterday to close above the 680 level as investor sentiment continued to improve, brokers said. The composite stock index closed at 680.51, up 16.38 points from Thursday's close. Trading volume totalled 34.9 million shares against 25.3 million on Thursday. Brokers said the market149 words
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Article52 1992-02-01 14 INDICES TURNOVER Claw Pintwi Feb 1 NEW ZEALAND NZSE-40 Capital 1.455.05 1.446.39 -1.34 Turnover (NZSmillion) 18.43 28.5 -10.07 MANILA Composite Index 1.255.97 1,231.03 +24.94 Turnover (million) 2,100 855.08 1,244 TAIPEI Weighted Price Index closed 5.391.63 Turnover (NTS billion) closed 56.55 SEOUL Composite Stock Index 680.51 664.13 16.38 Turnover (billion won)52 words
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Page 14 Advertisements
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WORLD STOCK MARKETS
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US stocks rebound in active trading
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Article77 1992-02-01 15 INDICES TURNOVER NEW YORK Dow Jones SAP 500 Turnover (million) Jan 30 Oom PrrriotM 3,244 86 3.224 +19 90 411.62 410 34 +1.28 195.09 249.00 -89.91 LONDON Financial Times JO FTSE 100 Turnover (million) 1.973.6 2,550.8 589.6 1.965.8 2.546.5 475.1 7.8 +4.3 114.5 FRANKFURT DAX Index 1.680.91 1.672.40 8.51 AMSTERDAM77 words
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Article, Illustration946 1992-02-01 15 STOCKS in New York rebounded in ctive trading on Thursday with the »*»p of some bargain hunting and sharp gains by some key Dow components on improved fourth-quarter earnings. The Dow Jones Industrial Average, which plunged 47.18 points on Wednesday, bounced back 19.90 points to close at 3,244.86.946 words
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Article, Illustration465 1992-02-01 15 A STEADY start on Wall Street and better-than-expected results from Britain's largest leisure group, Rank Organisation, reversed early declines in share prices on the London stock market, which clocked up modest gains by the close of trade. The blue-chip Financial Times Stock Exchange 100-share index, which fell 5.5 points465 words
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Article104 1992-02-01 15 THE Frankfurt stock market made a mild gain on Thursday, as the DAX spot trend index rose by 8.51 points on the session to 1,680.91 at the close. The Commerzbank indicator dipped by 4.5 points to 1,923. The biggest winners included AEG with 9.80 marks, BASF three, Bayer 4.40,104 words
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Article123 1992-02-01 15 DUTCH shares ended mixed after thin patchy trade. Lacking a clear sense of direction, prices mainly tracked foreign bourses while investors remained sidelined. Some dealers said they were surprised stocks did not dive in response to a much larger-than-expected 5 per cent fall in US December durable goods orders.123 words
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Article165 1992-02-01 15 THE Paris Bourse suffered a small loss on Thursday in a yo-yo session as the CAC-40 stock price index finished the session at 1,873.94, down 0.3 per cent by comparison with the Wednesday close. The market opened with a sharp drop of 0.83 per cent, then rallied in mid-session165 words
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Article150 1992-02-01 15 SWISS shares closed little changed on Thursday with a slightly easier bias in moderate volume as the market consolidated recent gains. The all-share SPI index lost 1.9 points to 1,106.8 and the SMI index of leading shares edged 2.9 lower to 1,747.1. Brokers said in view of Wall Street's150 words
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Article113 1992-02-01 15 PRICES on the Stockholm bourse recovered from steep early declines on Thursday, but still closed broadly weaker following overnight Wall Street losses, dealers said. They said trading was cautious and lacklustre ahead of the upcoming string of 1991 company results. The bourse's general index fell 0.57 per cent to113 words
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Article189 1992-02-01 15 CURRENCY-LINKED shares benefited strongly from a sharply weaker financial rand on Thursday, but trading was thin and nervous because of the sudden volatility of the investment unit, dealers said. The South African foreign investment currency plunged to around 3.47 per dollar in early foreign. exchange trading from Wednesday's* 3.25189 words
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Article105 1992-02-01 15 TORONTO stocks trimmed midday gains in late dealings but closed slightly higher in good volume. "It's been a mixed-up day. No major direction either way, even though New York did well," one trader said. The Bank of Canada key lending rate jumped 21 basis points at its weekly setting,105 words
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Page 15 Advertisements
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Advertisement7 1992-02-01 15 Executive Jobs every Saturday in Business Times7 words
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CURRENCY, MONEY & FUTURES MARKETS
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1139 1992-02-01 16 REPORTS ASIA ...v.. Ill Tokyo: The US dollar closed little changed from New York against the yen and the mark in Tokyo. The early morning rise of the dollar against the yen on importer buying was capped by a Japanese Ministry1,139 words
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Article10 1992-02-01 16 Source: UOB Source: Astley Pearce Source: OCBC10 words
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Article39 1992-02-01 16 Rates quoted by Astley Pearce Rates quoted by NatWest Note: Based on latest issues Source: The Monetary Authority of Singapore Central hank discount rales Average of 12 banks. Float Source: National Westminster Bank Source: National Westminster Bank39 words
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172 1992-02-01 16 Reuter TOKYO Recent currency weakness and falling interest rates are making Japanese investors loath to invest in Canadian dollar bonds, but a quick and large-scale sell-off is unlikely, dealers and fund managers said on Thursday. "Interest rates on Canadian bonds are still high enoughReuter - 172 words
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Article17 1992-02-01 16 Note Volume and open interest are for previous day trading. Source: Singapore International Monetary Exchange17 words
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35 1992-02-01 16 Based on the last redemptton date tor slocks with optonal redemption dates Tax Free Registered Stocks Taxable Book-Entry Slocks Source Source: The Monetary Authority of Singapore35 words
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Page 16 Advertisements
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Advertisement6 1992-02-01 16 Chartpoint in Business Times every Saturday6 words
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COMMODITIES
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348 1992-02-01 17 AP LONDON The average world market price of coffee has sunk to its lowest level for nearly 17 years, according to figures released on Thursday by the International Coffee Organisation. The inter-governmental agency's market indicator price for Jan 29 droppedAP - 348 words
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296 1992-02-01 17 Reuter KARACHI Cotton yarn export giant Pakistan will introduce minimum export prices on yarn from today after threats from Japan, South Korea and Taiwan that they would impose anti-dumping duties, industry sources said. "We will strictly check the minimum export priceReuter - 296 words
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820 1992-02-01 17 REPORTS CRUDE palm oil prices closed slightly lower yesterday on a lack of buying interest with sentiment dampened by uncertainty in the futures market, dealers said. Conditions remained dull as players were unwilling to commit themselves ahead of the long Lunar New820 words
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Article355 1992-02-01 17 PORLA Jan 30 i •N MS/tonne Month North South Central E Coast Average Jan 92 Feb 92 Mar 92 Apr 92 907.50 915.00 934.50 930.50 912.50 916.00 919.50 923.50 917.50 923.50 912.50 Palm keriM >1 ex-mill M$/tonne Month North South Central E Coast Average Jan 92 Feb 92 Apr355 words
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Page 17 Advertisements
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Advertisement6 1992-02-01 17 Innovation Technology in BT every Tuesday6 words
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Advertisement860 1992-02-01 17 BUSINESS TIME Toll fro* 1M No: 737 0043 'Fax No: 734 THE COMPANIES ACT, CAP. SO TTM SERVICES (S) PTE LTD (In Measbers' Voluntary Winding-Lp) At an Extra-Ordinary General Meeting of the Company held at 2 Alexandra Road #05-028 Delu House. Singapore 0313 on 23rd January, 1992 the following special860 words
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482 1992-02-01 18 Governor says price stability and modest growth achievable Reuter DAVOS, Switzerland The US Federal Reserve will keep growth in the money supply adequate to ensure recovery in the economy and the equity markets, says Fed governor Wayne Angell. He told the WorldReuter - 482 words
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Article, Illustration297 1992-02-01 18 IHT DAVOS, Switzerland China's Prime Minister Li Peng pledged on Thursday to speed up the pace of economic change in his country but made no promises about improving human rights, or easing political restrictions in China. "China will not changeIHT - 297 words
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399 1992-02-01 18 AP MOSCOW Russian VicePresident Alexander Rutskoi accused his boss on Thursday of leading Russia to economic ruin just as President Boris N Yeltsin left for Britain. In a bitingly critical article on the front page of the former Communist Party daily Pravda, MrAP - 399 words
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269 1992-02-01 18 Reuter DAVOS, Switzerland A top Moscow reform economist has predicted most former Soviet republics would abandon the drive for total independence and reshape a close union to stave off economic collapse. Abel Aganbegyan, once known as the "Father of Soviet economic reform", said he believedReuter - 269 words
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461 1992-02-01 18 Reuter UNITED NATIONS Russian leader Boris Yeltsin yesterday called for the creation of a global anti-missile shield based on Washington's "Star Wars" system and incorporating Russian high technology. The proposal was contained in a speech prepared for delivery at anReuter - 461 words
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503 1992-02-01 18 Selva Kumar - S'pore trade team also fears Viet state-owned firms not too keen to modernise From Selva Kumar in HO CHI MINH CITY SOME MEMBERS of a local trade logistics delegation to Vietnam are concerned that the Vietnamese tend to encourage foreign investment only503 words
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279 1992-02-01 18 Juliette Walker - By Juliette Walker SINGAPORE A Singaporean tugboat, the Ah Lam capsized off Singapore on Tuesday night, after colliding with a Philippine-registered bulk carrier. Four members of the crew of six Indonesians have been rescued, while two remain missing. The Pan-United Shipping tgg279 words
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212 1992-02-01 18 Reuter TOKYO Japan and other major nations will closely monitor currency movements and cooperate in line with a communique issued after the Group of Seven meeting in New York earlier this month, Vice Finance Minister Hiroshi Yasuda told reporters. He said theReuter - 212 words
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Page 18 Advertisements
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Advertisement6 1992-02-01 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement102 1992-02-01 18 CHARTPOINT Every Saturday in Business Times CONVERSATIONS AT RAFFLES The problem with you Malays, someone once told Zainul Abidin Rasheed, is that you're Muslims. If you're just Malays, that's okay. i Read what the Mendaki chief has to say about such remarks in BTs Conversations at Raffles our fortnightly chat102 words
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Executive Lifestyle
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Article, Illustration1493 1992-02-01 19 Jaime Ee - It's time to bring out the new brooms and hide all sharp instruments as the Lunar New Year approaches. Jaime Ee checks out what mischief the Water Monkey will be up to this year Jaime Ee Information for this article was culled from 'Reception of theGraphics by Ben Cruz - 1,493 words
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straws IN THE WIND
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Article109 1992-02-01 19 SOMETIMES, it's best not to ask the experts. A reporter recently called the British Council to find out the correct spelling of skean dhu (a knife which traditional Scots stick into their socks when they wear kilts). After spending five frustrating minutes explaining what a skean dhu was109 words
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Article66 1992-02-01 19 THE Chinese penchant to have "auspicious" car numbers has taken a slight twist. Some car numbers have greater significance depending on one's occupation. An obstetrician's car number, for example, is 1333. Roughly translated, it means "every day, a lot of births". Then there's another obstetrician whose car number66 words
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Article50 1992-02-01 19 AT A breakfast meeting organised by American Express for cardmembers last week, a financial expert was about to talk about the prospects for major currencies in 1992 when suddenly, there was a loud thud in the room. A senior Amex official joked, "Oops. The US dollar drops again!"50 words
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EPICURE
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Article, Illustration479 1992-02-01 20 Some suggestions on where to sample traditional Yu Sheng Canton Garden (Westin, 2 Stamford Rd, tel 338-8585): ikan parang $30 Chang Jiang Shanghai Restaurant (Goodwood Park, 22 Scotts Rd, tel 737-7411): salmon and abalone $35, $70. Feb 4-18 Cherry Garden (The Oriental, Singapore, 5 Raffles Ave, Marina479 words
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LIFESTYLE
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Article, Illustration725 1992-02-01 21 Nirmal Ghosh - Nirmal Ghosh speaks to Dick Scott, manager and mastermind of the New Kids on the Block, who says it's up to God Nirmal Ghosh Real teenagers scream and collapse when the New Kids on the Block go into their frenetic dance routine and their nice-guy725 words
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Article, Illustration871 1992-02-01 21 N K Yong - WINE By N K Yong FINE WINE develops over time, and therein lies its fascination. A wine in bottle laid down under proper conditions, slowly matures, the organic constituents interacting with the little oxygen present in the entrapped air in a process of871 words
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Article, Illustration297 1992-02-01 21 Sybil Holloway - BRIDGE By Sybil Holloway ON MANY HANDS, the crucial play depends on the distribution of one particular suit. By observing the distribution of the other three suits, a player may be able to deduce how the key suit splits even if297 words
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SPORTS
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370 1992-02-01 22 AP NEW YORK The Super Bowl is histoi7, so where does the sports junkie turn to this weekend for a "thrill of victory, agony of defeat" fix? Simple. The international pinball championships. The old-fashioned sounds of danging bells and clacking flippers along withAP - 370 words
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Article, Illustration349 1992-02-01 22 AFP INGLEWOOD, California More than two months after his retirement from professional basketball because of the Aids virus, Magic Johnson is interested in playing again. "The only thing that would keep me from playing is myself," Johnson said on Wednesday night. "I haven'tAFP - 349 words
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482 1992-02-01 22 Reuter SAN DIEGO, California An underwater battle of frogmen erupted at New Zealand's America's Cup compound on Thursday when a diver was spotted trying to photograph the underside of the Kiwi challenge yacht. "Our divers were checking the waters as normal before weReuter - 482 words
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SIDE LINES
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122 1992-02-01 22 PEBBLE BEACH, California Jeff Sluman grabbed a share of the lead after the first round of the Pebble Beach National Pro-Am here on Thursday but afterwards refused to consider himself a co-leader. "Not at this point," said the former PGA champion, who opened122 words
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Article72 1992-02-01 22 LAKE WORTH, Florida Sweden's Helen Alfredssoir: launched her first full season on the US women's golf toui here on Thursday with a 6-under-par 66 and a share of theJ first round lead in the Oldsmobile Classic. "It's inspiring tc play a good course," Alfredsson said72 words
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Article116 1992-02-01 22 NEW YORK One of the plays currently playing on, Broadway here is titled Man of La Mancha: The Impossible Dream. Raul Julia has the leading role, but it could just as J well be investor Donald Trump, who has announced ha, intention to bring the Summer116 words
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Article90 1992-02-01 22 BONN Italy's extrovert Olympic Alpine skiing champion Alberto Tomba would like to become a movie star once his' successful career on the slopes is over. Tomba, who defends his slalom and giant slalom titles at next month's Albertville' Winter Olympics, told the German magazine Sports he90 words
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OPINIONS
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Article, Illustration848 1992-02-01 23 A J Leow - There are no Great Leaps in the democratic process, argues A J Leow A J Leow The writer is a BT journalist THE IDEA of democracy may not be on the wane despite the recent setback in Algeria. However, it has lost a littlePunch - 848 words
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768 1992-02-01 23 Jackie Sam - The decision by China to set up a panel of advisers chosen from Hongkong's elite is not one to be ridiculed at, says Jackie Sam Jackie Sam The writer is a Hongkong-based political consultant CHINA'S decision to enlist 40 prominent Hongkong people as advisers768 words
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636 1992-02-01 23 Sree Kumar - LETTERS TO THE EDITOR Sree Kumar I MUST thank Mr C B Ong for his entertaining riposte to my The Bottomline column of Jan 21. Mr Ong claims that there is no airline cartel in Singapore and then goes on to explain636 words
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367 1992-02-01 23 C J Liu - C J Liu I REFER to the article by William Chia on Jan 20 in regard to the bankruptcy and winding-up position last year. He mentioned that "the litigation and bankruptcy laws may soon see radical changes as the367 words
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150 1992-02-01 23 D W Distant - D W Distant THE Stock Exchange of Singapore periodically reviews activity in the counters listed on Clob and removes the less active ones. But this does not appear to apply to the stocks of Philippineand Hongkong-incorporated companies. Keppel Philippines shares have not been traded in months150 words
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PURSUITS 1
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Article, Illustration942 1992-02-01 24 Samuel Ee - Samuel Ee reviews the latest and perhaps most revolutionary Honda to date Samuel Ee IF SINGAPORE'S motoring scene had a billboard chart of the week's top 10 events, the COE would probably be the past year's undisputed number one. Honda, however, can stake claim to at least942 words
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Article580 1992-02-01 24 Jaime Ee - Never mind the moments when Mobsters looks suspiciously like a commercial. This is a movie with a lot of right moves, says Jaime Ee Jaime Ee YOU'VE seen Kevin Costner and the other Untouchables. Now, you have the Mobsters four equally stirring characters who dress well, shoot580 words
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Article, Illustration1615 1992-02-01 25 Margaret Thomas - Mendaki's Zainul Abidin Rasheed tells Margaret Thomas why after years of saying 'No', he finally decided to place himself in the front-line of Malay/Muslim community work CONVERSATIONS RAFFLES Margaret Thomas FOR YEARS, Zainul Abidin Rasheed kept saying "No". He got away with it becausePhoto by Chris Loh - 1,615 words
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Article538 1992-02-01 25 AT FIRST, showing the di-j plomacy he is known for, i he wants it off the record.! But then he decides: "On second thoughts, I should say it. No disrespect meant, but perhaps it's about time to say it." Mr Zainul Abidin Rasheed, was referring538 words
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Article651 1992-02-01 25 WHEN he was in Primary Six, a teacher asked Zainul Abidin Rasheed whether he had a sense of responsibility. Zainul didn't know what the teacher meant, so he just said "Yes". The teacher then gave him a bunch of keys and told him to651 words
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Article, Illustration223 1992-02-01 24 Just as businessmen drink Coke, businessmen do enjoy a lighter side to life. Here begins a weekly pictorial which captures newsmakers in leisurely poses THE occasion: The Business Times-DHL organised Singapore Business Awards. The venue: Shangri-La Hotel. The mood: it ranged from speculation, anticipation and impatience, to general "IPhotos by Arthur Lee and Chris boh - 223 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration886 1992-02-01 26 Dexter Lee - STOCK With a two-pronged expansion plan, the Jaya group is all set for new business opportunities. Dexter Lee finds out more about the company's strategy Dexter Lee A RARE GEM. That was the conclusion I arrived at after talking to a host of analysts and dealers886 words
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Article, Illustration602 1992-02-01 26 Chew Eng Han - By Chew Eng Han IT USED to be that when Wall Street sneezes, the rest of the world's stockmarkets get a chill. The 1987 October crash was the best example of how stockmarkets tend to ape each other. Recent performances of stockSource: Pont Data; Source: TeleTrac - 602 words
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Article, Illustration656 1992-02-01 26 Chew Eng Han - Chew Eng Han believes that bonds can make equally good investments with little risk Chew Eng Han WITH interest rates easing in most parts of the world, investors are turning to stocks and properties, hopefully to earn better returns. Bonds can make equally good investments,Source: Deutsche Bank Research - 656 words
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Article, Illustration937 1992-02-01 27 Salil Tripathi - As an economist, Sarah Hewin has an unenviable task in forecasting key currency movements. For this year, she talks to Salil Tripathi about the reversal of fortunes for countries Salil Tripathi SARAH HEWIN is a cautious economist who edits the Amex Bank Review, a monthly international economic937 words
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Article979 1992-02-01 27 Conrad de Aenlle - How did the major funds do last year? Conrad de Aenlle surveys the major markets Conrad de Aenlle HEALTH care and biotechnology funds ended 1991 in peak condition. High-yield bond funds lived up to the name, and the US small-company growth, sector was one of the979 words
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Article, Illustration311 1992-02-01 27 Kooi Cho Teng - Kooi Cho Teng updates the BT Golf Index Kooi Cho Teng AFTER a steady descent in rcccnt months, golf membership priccs appear to be stabilising. The Business Times Golf Index slipped marginally, by 1.6 point to 248.53 for the month of January. Tha encouraging311 words
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Article, Illustration149 1992-02-01 27 American express forex traders presented a multipronged "buy" strategy at a closed-door forum for cardmembers, foreign exchange deposit holders and business partners. Key elements of the strategy are: Short term Buy Japanese yen against Singapore dollar on pull-back at 128. Take profits when itSource: TeleTrac - 149 words
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JOBS
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Article, Illustration1019 1992-02-01 28 Salil Tripathi - Harvard's Case Method may have its detractors, but it has produced leaders in many fields. Salil Tripathi meets the head of the Kennedy School case writing programme for more details Salil Tripathi YOU ARE an aspiring decisionmaker. You are taken to a room with eight im-portant-looking, significantsounding1,019 words
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Article654 1992-02-01 28 Adrian Furnham - Adrian Furnham on why letters of reference may well turn out to be worthless documents in evaluating prospective employees Adrian Furnham The writer is head of Jhe Business Psychology Unit at University College, London. FT DESPITE their shortcomings, the employment interview and the letter of recommendation remain theFT - 654 words
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Article, Illustration365 1992-02-01 28 Mr Paul A Walker has been appointed Vice-President and Managing Director of Bur-son-Marsteller Singapore. Since joining the company in 1984, Mr Walker has earned a reputation for managing large diverse teams, broadbased campaigns and mil-lion-dollar budgets. Prior to his present position, he was the Vice-President and Director of365 words
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Article1241 1992-02-01 29 City nm ETA FMfM no GA971 0950 QF8 2010 QF82 2115 SQ227 2130 Antjriiw SQI9 0805 SQ24 M? TTVI KL837 1340 KL838 2 :»U| SQ38 E '<'■1 Atfenn w OA473 0110 QA474 2245 Atfddaad NZ21 1700 NZ22 1850 SQ286 1905 r!T*l GF148 0915 GA525 1450 IMItpwa1,241 words
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THE TRAVEL PAGE
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Article, Illustration671 1992-02-01 29 Keith Wheatley - POSTCARD FROM DUBLIN By Keith Wheatley Rising up through Courtstown Forest, the Way was steep. A hot spell had turned the pine needles into blonde scented sawdust rather than the grey sludge it normally resembles. Yet expectation made light of the incline. At the stile671 words
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Article12 1992-02-01 29 Source Republic National Bank of New York (S) Ltd12 words
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TIME OFF
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Article120 1992-02-01 30 Chinese Music Evening Conductor Lim Yau. Soloists: Wu Xiaozhong (guanzi), Kong Zhaohui (violin). Programme includes He Zhao Hao's Butterfly Lovers Violin Concerto; Zhao Jiping's Guanzi Concerto Silk Road Fantasia; and Huang An Lun's Dream of Dun Huang Ballet Suite. Venue: Victoria Concert Hall. Feb 8. 8.15pm Piano Recital Soloist:120 words
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Article, Illustration383 1992-02-01 30 Yasotha M - Compiled by Yasotha M Gems of Chinese Art Exhibition features some 120 pieces of precious Chinese ceramics and bronzes assembled by Mr T T Tsui, a wellknown Hongkong industrialist and connoisseur of Chinese art. Venue: Empress Place Museum. Exhibition for a year. Time: 9am-7.30pm. I am nn t In383 words
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Article, Illustration564 1992-02-01 30 A tame! It never seems to stop coming back. Porno star gets kidnapped by a lunatic who just wants to be friends with her. Rated R(A). Woodlands 2: 1.45; 3.45; 7.15; 9.15. Cover-up. Dolph Lundgren is the tough ex-marine and reporter on a dangerous assignment in which he finds564 words
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Page 19 Advertisements
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Advertisement52 1992-02-01 19 The wav of turning shares into *****33 *****33 4 i J/^ 6 C v -v ,-ri 1 %%,'f V YEAR t» OF THE pFI MONKEY: <* 'J/ r BULL r MARKET FOR STOCKS? fc > ON SALE Available at newsstands from your newsvendor Times the Bookshops For subscription enquiries, call52 words
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Page 20 Advertisements
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Advertisement744 1992-02-01 20 BUD LIGHT WHERE TO WINE, DINE ii'TXTiTi llv I I rfR I Irc ouime&jf 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, await744 words
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Advertisement371 1992-02-01 20 ®4LJmm km HI Orcfetrd The freshest salmon, smoked to perfection. Marinated Prawns, Pickled Herrings, Rock Oysters and other Scandinavian favourites are in our sumptuous buffet. You'll fall for it hook, line and sinker. S» .imiin.n tan lUiltrt I umh K'luij.llV I \.inn »<• phi .1 lilt I liilit l»rli»v\ 10:371 words
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Page 21 Advertisements
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Advertisement286 1992-02-01 21 AND ENTERTAIN 0 VtHigh Tea Classics Danish pastries. Fresh cakes. Savoury Dian Xin. Mee Siam. Samosas. Quiche Lorrain. Spring Rolls. Fresh Fruits. Cookies. Every Saturday. 3 to 5 pm. $12.50++ per person. Fashionshow at 4 pm. For reservations, please call 732-1222 ext 1581. A ANA HOTEL SINGAPORE 1« Nttsm KM.286 words
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Advertisement89 1992-02-01 21 CHINESE NEW YEAR AT MARINA BAY CHINA CHINA RESTAURANT NISHIKI JAPANESE RESTAURANT Special set menus available from 3 (New Year's Eve) to 18 Feb 1992 (15th day) The Club will be closed on 4 Feb 1992. China China Restaurant opens from 1030 hours for Dian Xin on 5 Feb 1992.89 words
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Page 21 Miscellaneous
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Miscellaneous98 1992-02-01 21 Winner of BT Christmas Baubles C 6 13 T L L C P P nrr<i n isJ elwi FMOFI CONGRATULATIONS. A giant bottle of bubbly is going to Sim Cheng Tee (*****74/H), who submitted the only all-correct entry in our Christmas Baubles contest. As such, we can't award any consolation98 words
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Page 22 Advertisements
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Advertisement178 1992-02-01 22 All parents can now help to improve their children's Chinese with Friday Weekly Singapore's first and only Chinese-language weekly for students. It's also the only newspaper that comes with a Chinese dictionary and glossary for easy reference to the meaning of words and phrases. And its pages are brightly filled178 words
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Page 23 Advertisements
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Advertisement33 1992-02-01 23 BT welcomes letters from you. Address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers. Managers must manage. BT shows you how every Monday.33 words
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Page 23 Miscellaneous
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Miscellaneous253 1992-02-01 23 DOONESBURY BUSHrSUAJHOWBm i VEiW»C THE GUY CHER. THERE AT PEASE-A WOMAN fiOOALUSHE SAiP SOMETHING AdCUT A COUNTRY-WESTERN SONG ABOUT THETRAIN, A LIGHT ATTHBENPOFTHBWNNEL.. KMXHOPBITSNOTA TRAP* COMING THEOTHBRWAY. WELL, I SAP TO HEX, WELL, I'M ACOUNTRIMUSCFAN. I LOSE n, always have. poesn'tfit THC MOW or SOME OF COLUMNISTS, I MIGHTAPP. BUT253 words
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Page 26 Advertisements
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Advertisement21 1992-02-01 26 SPH Shine Company Research The smart addition to your research department is only a phone call away Telephone: *****63, *****66, *****8921 words
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Page 27 Advertisements
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Advertisement642 1992-02-01 27 Great Free Gifts m in Lucky Draws when you t with H gapqtzJ Leong e If e *r a* Itback, Haag lui FREE GIFTS Fran 15 Au(ua l»l to 29 Febnary 1442, opei renew i Fixed Depart of 6 months or mar aid wuH be nrtd pan wluch a* i642 words
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Page 28 Advertisements
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Advertisement143 1992-02-01 28 Aim for a bigger audience in ASIAN AEROSRACE'92 SPECIAL FEATURE IN: He Straits Times FEBRUARY 24,1992 Lianhe Zaobao FEBRUARY 24,1992 BusinessLmes FEBRUARY 25,1992 ASIAN AEROSPACE is considered one of the worlds most important air shows. Three of our newspapers will be publishing a special feature in conjunction with this great143 words
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Page 29 Advertisements
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Advertisement48 1992-02-01 29 r It's amazing the lengths Finnair goes to for just one price. jfly Finnair to Europe and well take y ou to 35 European destinations for the same price Check with your travel agent or call *****77 for more details. 7/WV/7//7 Wa Know Europe ban Mart to Hmiah.48 words
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Advertisement5 1992-02-01 29 Appointment Ads An Effective Contributor5 words
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Advertisement40 1992-02-01 29 Erma Fatima:" Sometimes Ogy overacts." Ogy Ahmad DautL "Erma made her name not through her acting but because of publicity Malaysia's two top actresses plunge into heated rivalry on telly All in Weekender Today Monday to Saturday NEW, NEWS, NEWSY40 words
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Page 29 Miscellaneous
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Miscellaneous321 1992-02-01 29 CRYPTIC CROSSWORD ACROSS 8 Perfect finish (8) 9 Motive concerning a boy (6) Fast runner coming down the mountain (3) Blow to hit a cone (4-4) Bearing blossom in spring (6) Similarly how letter writers communicate? (15) Awfully tired going round No 10 with cardinal's gummy mixture (7) There's no321 words
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Miscellaneous164 1992-02-01 29 WEATHER Singapore Outlook: Showers over several areas in the afternoon. Report Maximum temperature 31.5 Assoc humidity 63% Minimum temperature 24.5 Assoc humidity 96% Hours of sunshine 10.60 Rainfall in mm Nil Rainfall this month 83.9 Rainy days this month 9 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 24/17 Cloudy Bangkok 33/21164 words
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Miscellaneous21 1992-02-01 29 Bristcw: FmufcDicte* r >^ ou INJ sjOUfc ReSlGN*f>ON fthlD job eiSGU)WCR£ a c don't you ?J -laAMOCtATEO NEWSPAPEKS LTD.. IM2-IM2 8604- &*C#Q_21 words
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Page 30 Miscellaneous
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Miscellaneous1663 1992-02-01 30 TODAY'S TV fC M Moon Over Parador, 10.30pm, SBC 5 MOVIES Out of Africa, Bpm, SBC 12 The highlight of this movie is when Robert Redford washes Meryl Streep's hair. Lushly photographed epic with Streep as Karen Blixen, the woman who went to Africa to find herself but discovered she1,663 words
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Miscellaneous612 1992-02-01 30 MOVIES ON TV The Last Emperor, Mon, 9.00pm, SBC 12 Bernardo Bertolucci's muchacclaimed epic about the little bald boy who grew up to be China's Last Emperor. Best remembered for the scene with the eunuchs examing the contents of the little boy's potty. John Lone is the grown up Pu612 words
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