The Business Times, 15 February 1992
1992-02-15
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The Business Times
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Title Section17 1992-02-15 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, February 15-16 1992 75*17 words
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NEWS & MARKETS SUMMARY
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Article26 1992-02-15 1 WALL STREET opened lower yesterday with the Dow Jones index of 30 leading industrials falling 17.90 points to 3.228.75 in the first five minutes26 words
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Article45 1992-02-15 1 SHARE PRICES were mostly weaker at midday yesterday on the London Stock Exchange, hit by worries over the British economy and overnight losses on Wall Street. At 1200 GMT, the FTSE 100-share index was down 12.1 points, or 0.5 per cent, at 2,510.5.45 words
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57 1992-02-15 1 WASHINGTON Prices at the wholesale level in the United States took their biggest drop in 10 months in January, falling 0.3 per cent while industrial production plunged 0.9 per cent during the same month, the third monthly decline and the steepest57 words
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Article39 1992-02-15 1 LONDON The retail price index (base January 1987), Britain's main measure of inflation, showed a year-on-year increase of 4.1 per cent in January against 4.5 per cent in December, the Central Statistical Office (CSO) said.39 words
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Article, Illustration29 1992-02-15 1 Friday Change BT-MGA 724.72 -4.22 Kuala Lumpur ....595.75 +1.12 Tokyo 20,883.86 -507.16 Hongkong 4,772.32 +8.82 Sydney 1,618.9 -4.0 Thursday Change New York 3,246.65 -30.18 London 1,957.4. -5.929 words
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Article21 1992-02-15 1 USS SS 1.6360 100 Yen SS 1.2796 MS SS 0.6259 Money market rates Overnight 3 -1/8 3-montn 3 1/4% +1/1621 words
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Article34 1992-02-15 1 London Gold AM fix US$355.35 -USS1.30 taMor S'pore Mar 129.00*/kg unch M'sia Mar.... 2ll.50«/kg -1.50 KLTta Turnover 86 tonnes +1 Spot MSl4.38/kg -0.12 Cnido palm ol Turnover 601 lots -14 Mar MS898/tonne +534 words
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519 1992-02-15 1 Magdalene Ng - Analysts see it as added synergy to both firms By Magdalene Ng SINGAPORE Construc-tion-based Guthrie GTS yesterday launched a suiprise $112 million conditional takeover bid for associate L&M Group Investments. In an announcement late last night, Guthrie GTS said it is offering $1.68519 words
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Article, Illustration331 1992-02-15 1 Hong Lee Tiam - By Hong Lee Tiam SINGAPORE Paul Sun, who owns 50 per cent stake in Plaza-by-the-Park, wants to hang on to the building until the time is right, now that the deal to sell the building to Goldsea Investments Pte Ltd has fallen331 words
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226 1992-02-15 1 Reuter TOKYO Japan's ruling party yesterday unveiled long-awaited proposals to spur the nation's economy and prop up a sagging stock market, but key components of the plan appear unlikely to win the support of powerful bureaucrats. The Liberal Democratic Party (LDP), anxious to please itsReuter - 226 words
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253 1992-02-15 1 BUSINESS TIMES will be making changes to its BT Composite Index with effect from Monday. There will be no changes to the Straits Times Industrials Index or the Business Times-Morgan Grenfell Asia Index. The last update was in June 1991. Wherever possible,253 words
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Article, Illustration490 1992-02-15 1 SINGAPORE Keith Tay, the president of the Institute of Certified Public Accountants of Singapore (ICPAS), is not seeking re-appointment to the Public Accountants' Board (PAB), the profession's watchdog body. Mr Tay, chairman and managing partner of KPMG Peat Marwick, and fellow accountant490 words
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Page 1 Advertisements
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Advertisement225 1992-02-15 1 Nikon COVER Doing business during the War. £I 1 W^Ft Land sale EIGHT parcels of land ranging from 425 sqm to 1,838 sq m were offered for tender yesterday by Singapore's Land Office. Five are located in Bukit Timah/Clementi, and the rest in Ayer Rajah, Yio Chu Kang and Upper225 words
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Advertisement38 1992-02-15 1 PURSUITS Festival flair at Telok Ayer. EL 6 Thelma and Louise reviewed. EL 6 OPINIONS Development at what cost? EL 2 The American Dream myths v realities. EL 2 The pulse of the property market, EL Page 938 words
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Advertisement172 1992-02-15 1 PURSUITS Conversations at Raffles: Narongchai Akrasanee. EL 7 Hot Stock, Pg 8 y 7 ih i> »1 There Are Those Who Recognise The Crafl Of Gerald Genia. And There Are Those Who Can ALo Afford R. The watchmaking genius of GeraU Genta ia encased in every timepiece he designs. Each172 words
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Advertisement11 1992-02-15 1 !j 5 Nikon ■FINANCE Renewed interest in Malaysian stocks. EL 811 words
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Advertisement21 1992-02-15 1 JOBS ~~TI Some tips on how to —Iff W1 ff .i 1... ■iiaiirll 2 J enecave spwßCH* i EL 10 :J21 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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91 1992-02-15 2 FROM July 1 this year, the Public Utilities Board (PUB) will fine users who do not pay their utility bills on time. They will be charged an extra one per cent of the amount unpaid in the bill. The late payment charge would be91 words
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Article74 1992-02-15 2 SINGAPORE Press Holdings (SPH) will sponsor three activities of the Malay Language Month. These are the Simposium Bahasa or Language Symposium, Kuiz Bahasa or Language Quiz, and Peraduan Bahas Akhir or Inter-Institution debate. A total of 24 language and cultural activities will be promoted in the Malay74 words
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Article79 1992-02-15 2 HEALTH Minister Yeo Cheow Tong has urged plastic surgeons to take a more pro-active approach in explaining the pros and cons of recommended treatments. Speaking at the opening of the 6th Asean Congress of Plastic Surgery, Mr Yeo said doctors have a professional and moral obligation79 words
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Article82 1992-02-15 2 SINGAPORE will play host to the 16th Commonwealth Defence Conference on Operational Clothing and Combat Equipment from Feb 17 to 22. This is the first time Singapore is hosting the conference, which brings together delegates from seven Commonwealth countries Australia, Canada, India, Malaysia, Singapore and the82 words
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Article73 1992-02-15 2 THE Ministry of Defence (Mindef) has organised three tour packages on war-time experiences. They are half-day visits to six sites on the island connected with key events of World War H. These include the former Ford Motor Company site in Upper Bukit Timah Road where the British73 words
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382 1992-02-15 2 Colin Tan - By Colin Tan EIGHT parcels of land ranging from 425 sq m to 1,838 sq m were offered for tender yesterday by the Land Office. Five are located in the Bukit Timah-Gementi area, and the others in the Ayer Rajah, Yio Chu382 words
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210 1992-02-15 2 THE shortage of trained nurses in Singapore would be overcome after Nanyang Polytechnic got under way in July, the Minister of State for Education, Dr Tay Eng Soon, said yesterday. He was speaking before the signing of a memorandum of understanding between the210 words
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321 1992-02-15 2 Dexter Lee - By Dexter Lee STEAMERS Maritime Holdings Ltd, a member of the Keppel group, has invested $5.14 million in cash to double its current 30 per centstake in Folec Communications Pte Ltd. The fresh investment was made through wholly-owned subsidiary, Steamers Telecommunications Pte Ltd,321 words
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304 1992-02-15 2 THE Singapore Institute of Standards and Industrial Research (Sisir) ended 1990-91 with an operating income of $18.3 million, up 34 per cent from 1989-90. But the operating expenditure of the institute was $37.5 million, resulting in a operating deficit of $19.2304 words
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SHIPS IN PORT
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Article427 1992-02-15 2 Vaaaal lay Na Barth tnM Dapartvt Vassal Way Na Berth Arm* Departure Auni Su.Ym 01/92 M04 Unpde 14.02/2000 Baton M*u *****2 M04 15.02/2300 Batan Mum *****2 M02 14.02/2300 Satamwfc 1 159S M02 alor%s«te 14.02/1900 BIn Powr 3 *****2 M06 afc»«side 15.02/0500 Bnsta« *1 6/92 M03 atonpde 14.02/2300427 words
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Article192 1992-02-15 2 0 Berth: 4: Geratu; 2: ml; 3: Ltan Keong; 4: nit; 5: Rimtoa MerantJ- 6: ni. 01 jetty: Kcogawa. DCJ: 0®an Glory. Due ei Fob 14: Pangeran, Sua, Aykhal, Elvegas. Alam Arnan, instar No 1, Bunga Dahka, Barge Josmdo Satu. Duo oiPfob 15c Stott Aqua Marine, Sri192 words
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Article1059 1992-02-15 2 RECEIVING Of EXPORT Fa CONTAINERS AND La CARGO Record Booking/Babnct >As 9* I Voy No Etb/Btr Mod From To Fran ACX Viotet 4A 17/0530 1 14/1500 14/1659 14/1900 3 15/0700 15/1159 15/1400 4 15/1200 15/1459 15/1700 Ad Gonctaroy ***** 17/1200 1 14/1500 14/1659 14/1900 3 15/0700 15/1159 15/14001,059 words
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COMPANY NEWS 1
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436 1992-02-15 3 SN Vasuki - Profits up 4.2 pc to M$ 113 m in 1991 By SN Vasuki SINGAPORE Malaysianlisted motor vehicle and heavy engineering group UMW Holdings Bhd has turned in another good performance. Unaudited results for the year to Dec 31, 1991, show group turnover rose 6.5436 words
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328 1992-02-15 3 MBT KUALA LUMPUR The revitalised Faber group, a leading hotel operator in Malaysia, has set its sights on Vietnam and is in the process of evaluating opportunities in that Indochinese country. Managing director Zahari Omar said the decision to enter Vietnam will only beMBT - 328 words
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356 1992-02-15 3 William Chia - By William Chia SINGAPORE Gold Coin Ltd's group earnings forecast of $13.8 million for the financial year ending Dec 31 works out to a fairly attractive price-earnings ratio (PER) of 9.3 times, said merchant bankers N M Rothschild Sons Singapore Ltd. Rothschild,356 words
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235 1992-02-15 3 KUALA LUMPUR Perusahaan Otomobil Nasional Bhd's share issue has been oversubscribed 6.44 times and attracted a record M 52.06 billion (551.27 billion) in subscriptions the largest amount to date for a single offer. The maker of Malaysia's Proton cars raised the money despite the235 words
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491 1992-02-15 3 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Baring Securities, which has applied for international membership on the Stock Exchange of Singapore, bagged the top spots in a recent poll by UKbased financial magazine Kuromoney on the best Asian equities research. Barings ranked first in491 words
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114 1992-02-15 3 Bernama KUALA LUMPUR First Allied Corporation Bhd (FACB) expects to get the approval of the Capital Issues Committee (CIC) for its restructuring scheme within the next six months, says chairman Tan Sri Dr Haji Abdul Majid bin Ismail. "We are really confident that the CICBernama - 114 words
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278 1992-02-15 3 SINGAPORE Cerebos Pacific, taken over by whisky maker Suntory of Japan in April 1990, is asking shareholders' approval to more than double the fees it pays its directors. In a circular yesterday, the regional food group said it is also seeking approval to278 words
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COMPANY BRIEFS
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128 1992-02-15 3 SINGAPORE Guthrie GTS Ltd has clarified that the purchase consideration of its Paterson Road property wasarrived at based partially on a valuation report of the a financial institution exercising its power of sale as a mort- 1 gagee. Guthrie told the Stock Exchange of128 words
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Article35 1992-02-15 3 SINGAPORE Isetan (Singapore) Ltd has appointed three new directors to the company's board. The directory whose appointments take effect on Monday, are Hiromi Yamada,' Phua Phuey Joy and Goh Ee Leong.35 words
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Article69 1992-02-15 3 SINGAPORE The Stock Exchange of Singapore said in a circular to its members that the $150 million convertible unsecured loan stock of United Overseas Land Ltd will be traded and quoted ex-interest from March 3. The shares of Scotts Holdings Ltd will be traded ex-dividend69 words
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COMPANY BRIEFS
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114 1992-02-15 4 OSAKA Daihatsu Motor Co announced yesterday that it will virtually pull out of the US car market by stopping production of two US-targeted models at the end of this month. The company said it will also stop development of future US-targeted models. Daihatsu114 words
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Article91 1992-02-15 4 NEW YORK Colgate-Palmolive Co, the US toothpaste, soap and detergent giant, has announced a US$67O-million (551.09-billion) agreement to purchase Mennem Co, which makes anti-perspirants, shaving lotions and baby care products. Eighty per cent of the purchase price will be paid in stock and the rest US$l3491 words
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Article82 1992-02-15 4 SYDNEY Former high-flying Australian entrepreneur Alan Bond failed to win leave to appeal a Asl94 million (SS23B million) bankruptcy notice, but his lawyer said he is not yet throwing in the towel. High Court Judge Gerard Brennan refused Mr Bond special leave to appeal against82 words
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Article75 1992-02-15 4 LONDON Hanson, the Anglo-US conglomerate, has announced a new dividend policy to minimise its tax charge as it reported a 6 per cent fall in pre-tax profits in the first quarter to the end of December 1991. Chairman Lord Hanson blamed the recession in the UK75 words
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Article77 1992-02-15 4 TOKYO Japan's Pioneer Electric Corp said on Thursday that its net consolidated profit fell 5.5 per cent from a year earlier to 12.5 billion yen (Ssl6o million) in the three months to December. Group sales grew 6 per cent to 105 billion yen, boosted by77 words
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Article84 1992-02-15 4 NEW YORK The owner of the New York Post said on Thursday that the newspaper plans to make a bid for its crosstown arch-rival, the Daily News, seizing an opportunity Created by the death of media magnate Robert Maxwell. The Post said it84 words
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317 1992-02-15 4 Agencies HONGKONG Honglong's China Light and Power Co Ltd hopes to negotiate a deal soon to buy natural gas from a major Chinese offshore field to generate electricity in the colony. But China Light spokesman Dominic Tai said on Thursday thatAgencies - 317 words
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Article, Illustration460 1992-02-15 4 Reuter LONDON British Petroleum Co pic on Thursday said recession and lower oil prices pushed fourth-quarter and full-year 1991 earnings sharply lower. BP said poor trading conditions in the fourth quarter would continue and, against most expectations, decided as a result not toReuter - 460 words
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550 1992-02-15 4 US agency taking other steps to make companies accountable Reuter WASHINGTON Reversing a decades-old policy, the Securities and Exchange Commission on Thursday gave US stockholders the right to vote on how much money is doled out to top US corporate executives. TheReuter - 550 words
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Article526 1992-02-15 4 Placement satisfies institutions' short-term demand Reuter AUCKLAND Lion Nathan shares yesterday opened 10 cents lower at NZ$3.5O (553.08), recovered five cents and then lost that gain, following the placement on Thursday of 35 million shares to institutions at NZ$3.4O each. The brewer said the NZ$ll9Reuter - 526 words
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326 1992-02-15 4 Agencies BANGKOK Thai Airways International Ltd plans to earmark 40 million of its 100 million, 10-baht-par shares for offer to the public at a range of 55-65 baht next month. Deputy Communications Minister Suthep Theparak said yesterday that a further 55Agencies - 326 words
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290 1992-02-15 4 Reuter HONGKONG The Securities and Futures Commission (SFC) said it has censured Evergo International Holdings Co Ltd, its chairman and a director for failing to make timely disclosure of share dealings following its privatisation offer for Chinese Estates Holdings Ltd. Director RaymondReuter - 290 words
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Article, Illustration603 1992-02-15 4 Reuter DEARBORN, Michigan Ford Motor Co said on Thursday that it lost nearly US$2.3 billion (553.7 billion) in 1991, the worst year ever for the company. For the fourth quarter, the No 2 carmaker in the United States reported a loss of U*****.7Reuter - 603 words
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300 1992-02-15 4 AFP TOKYO Japan's Toyota Motor Corp, blaming a strong yen and increased costs, yesterday said its net profit plunged 33.7 per cent from a year earlier to 104 billion yen (551.33 billion) in the six months to December. The company, whichAFP - 300 words
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Page 3 Advertisements
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Advertisement163 1992-02-15 3 hi Read chartpoint, o t. a guide to 1 investing in the 1 stock market, i a Every Saturday j inBT. I Id FACETS OF STYLE -'Kl ■Kni I-'-' rare the Empire Cut. Sapphire with 18k Cold, set with flawless diamonds w CENTURY TIMEGEMS Exclusively at ui LARRY JEWELLERY. Lucky163 words
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FINANCIAL NEWS
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Article, Illustration497 1992-02-15 5 Reuter LONDON Angry investors in the giant Lloyd's of London insurance market took their fight over losses to the British Parliament on Thursday, charging that Lloyd's insiders had profited at their expense. The market's chairman, David Coleridge, denied the allegations, saying personal losses suffered byReuter - 497 words
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238 1992-02-15 5 Reuter NEW DELHI India has agreed in principle to allow selected companies to raise capital abroad through convertible instruments, a senior official said yesterday. "The proposal has been cleared in principle by the Cabinet," said the official, confirming a report earlierReuter - 238 words
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Article, Illustration509 1992-02-15 5 DBS Bank weekly currency review US$/Dm: failed double-top pattern rfhe US dollar closed below !1.5760 marks on Feb 7 to complete a double-top pattern in the daily bar chart. .However, the pattern failed Jo work as the US dollar quickly rebounded and trad- ad higher509 words
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343 1992-02-15 5 BANGKOK The combined net profits of Thai finance companies listed on the Bangkok stock market more than doubled to 8t1.5 billion (5596.23 million) for the fourth quarter of last year from 8t668.9 million in 1990, The Nation reported earlier this week.343 words
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811 1992-02-15 5 Non-banks unable to make interest payments NYT TOKYO Japanese commercial banks, which once enjoyed stable and high profits, are in trouble. They made many bad loans to non-banks that cannot now even make the interest payments. The commercial banks have been extending freshNYT - 811 words
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SMALL CHANGE
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87 1992-02-15 5 TAIPEI NTS4O billion (552.62 billion) of four-year government bonds are expected to sell out at a premium and demand will be heavy at Monday's auction, analysts said? "We're expecting yields at eight per cent or below," said an analyst at one of87 words
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Article74 1992-02-15 5 NEW YORK European American Bank said it expect its net income to swell to around US$35 million (Sss7 million) in 1992 from US$ll.3 million last year. "But if the New England economy improves we'll do better," said the bank's president and chief operating officer, Edward74 words
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Article88 1992-02-15 5 ATLANTA, Georgia Mergers among large US which combined operations in the 1982-86 period appear not to have brought significant cost savings, a study by the Federal Reserve Bank of Atlanta concluded. The nationwide study of mergers in which each bank had at leasl US$lOO88 words
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Article51 1992-02-15 5 ISLAMABAD Pakistan's highest religious court has ordered the government to scrap Western-style banking in favour of an Islamic system that would abolish interest on deposits and loans. Banking officials say doing so would risk financial collapse, jeopardise international financial dealings and thwart attempts to attract foreign51 words
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Article53 1992-02-15 5 HONGKONG The People's Construction Bank of China (PCBC) signed two loans totalling US$5l.6 million (5584.1 million) in Beijing, arranger Standard Chartered Bank said. The loans, signed on Wednesday, consisted of a US$4l.6 million Italian export credit facility and a US$lO million commercial loan. Westdeutsche Landesbank waf co-arranger53 words
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294 1992-02-15 5 AP WASHINGTON The ruling family of Abu Dhabi has disputed allegations by Price Waterhouse auditors that its members participated in fraudulent activities of the failed Bank of Credit and Commerce International. The Gulf emirate's Al-Na-hyan family owns 77 per cent of BCCI, whoseAP - 294 words
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Page 5 Advertisements
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Advertisement116 1992-02-15 5 '"Mttfcte. -Ja. OUR SET LUNCHES MEAN BUSINESS Wc have a series of set lunch proposals to offer at ySfe Moon Pavilion Chinese Restaurant that would whet A the appetite of any discerning executive. Enjoy an > exquisite lunch of Szechuan and Herbal specialities a// in a tastefully furnished setting and116 words
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THE REGION
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NOTE BOOK
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97 1992-02-15 6 tCUALA LUMPUR The master plan for the proposed Ms2o billion (S$ 12.5 billion) international airport at Sepang, Selangor, is expected to be completed this September. Direc-tor-General of the Economic Planning Unit in the Prime Minister's Department, Datuk Ali Abul Hassan Sulaiman, said the97 words
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Article64 1992-02-15 6 IPOH Four Taiwanese industrialists have agreed in principle to invest in the rubber, food, electronic and textile industries in Perak within the next six to 12 months. Deputy finance Minister Datuk Loke Yuen Yow said the investors would set up their factories once agreements were signed64 words
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Article83 1992-02-15 6 KUALA LUMPUR The Malaysian Ceramic Industry Group (MCIG) has called on the government to re-examine its policy of issuing new manufacturing licences for the industry. It said the local ceramic industry, facing an excess capacity situation, would be in no position to consider further expansion83 words
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Article79 1992-02-15 6 BANGKOK A main contender in next month's general election said Thailand's powerful military would not stage a coup against a government he led because it would be free of corruption. Chamlong Srimuang, who resigned recently after si* years as governor of Bangkok to stand79 words
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Article81 1992-02-15 6 MANILA From the junior to the top management level, Filipino executives are the lowest paid in the region, an annual Asian executive compensation survey of World Executives Digest indicated. While Filipino executives may enjoy the perks comparable to those given by other Asian countries, the81 words
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Article70 1992-02-15 6 WASHINGTON As Myanmar religious refugees pour into Bangladesh, US officials have called on the poverty-stricken host country to open its doors to international aid. "We've discussed with the Bangladeshis calling in the United Nations High Commissioner for Refugees. That would open the door for70 words
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209 1992-02-15 6 AFP TOKYO Asia's leading communist economies China, Vietnam and North Korea are helping the rest of the region to become less dependent on markets in the United States, according to the Nomura Research Institute. "Strengthening ties between the traditional highgrowth nations and Asia's socialistAFP - 209 words
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558 1992-02-15 6 External factors less favourable than expected: bank official BANGKOK While most economists have forecast an economic upturn for Thailand in the second half of 1992, a senior executive of Siam Commercial Bank sees it as another slow year for the country.558 words
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288 1992-02-15 6 BANGKOK The Thai Petrochemical Industry Co (TPI) has postponed investment programmes in China and Vietnam due to uncertain investment policies in the socialist countries, Bangkok Post has reported. Quoting informed sources in TPI, the paper said the company had decided to postpone an288 words
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Article, Illustration46 1992-02-15 6 MELBOURNE Biker Kevin "Mad Dog" Mudford carrying a crucifix over his shoulder while riding his bike here on Thursday. Mudford travels around Australia to promote his Christian faith, but the Police Commissioner has said that as the crucifix has a wheel, it should be licensed.46 words
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689 1992-02-15 6 Growing confidence that political situation is stabilising lures Indian businessmen back Reuter SUVA, Fiji The harsh chords of Indian pop stars still pierce the humid midday heat in central Suva and names like Gopal, Singh and Bhagwan still dominate shop awnings. Indigenous FijiansReuter - 689 words
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220 1992-02-15 6 AP BANGKOK Global warming may threaten thousands of jobs, essential farm land, and large swaths of coastline in South-east Asia including popular resorts such as Bali, a UN report says. The report of the UN Environment Programme studied the potential effects of globalAP - 220 words
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Page 6 Advertisements
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Advertisement127 1992-02-15 6 f llllllllllllllllllllllllllllllllllllllllillllllllllllllll^^ Investing in New Zealand A special Business Times supplement February 17 Although the surge in Singapore investment in New Zealand in the past one year is now well-publicised, questions > still abound in the minds of many about the state of the New Zealand economy. What do the127 words
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THE WORLD
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Article, Illustration562 1992-02-15 7 Reuter TOKYO The number of smaller Japanese companies eager to exploit the resourcerich Russian Far East is growing, despite a labour shortage and infrastructure problems. "Most firms are hesitant about big projects, but smalland medium-sized companies are moving in with smallReuter - 562 words
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356 1992-02-15 7 Reuter WASHINGTON Growing opposition in Russia to economic reforms has sparked <ome concern at the International Monetary Fund and raised fresh questions about 4he country's ability to westernise its economy. International monetary sources said they had nothing jbut kind words for the tough economicReuter - 356 words
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261 1992-02-15 7 Reuter AMSTERDAM Pressure from China looks likely to torpedo a US$l.5 billion (552.44 billion) sale of four Dutch submarines to Taiwan. Prime Minister Ruud Lubbers' Cabinet was expected to decide against granting an export licence to the Rotterdam Drydock Company (RDM)Reuter - 261 words
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WORLD WATCH
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104 1992-02-15 7 MOSCOW The Russian Parliament ratified on Thursday the May 16, 1991 border agreement negotiated between China and the Soviet Union, the Interfax news agency ed. Interfax said the accord concerns demarcation of 2,242 km of the 4,300-km border running from North Korea lo Mongolia. Russian104 words
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76 1992-02-15 7 PARIS France's current account deficit shrank last year to 33.4 billion francs (559.68 billion) from 52.9 billion francs in 1990, Finance Minister Pierre Beregovoy said. He told a news conference that the improvement would have been even greater but for upward revisions to the76 words
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Article74 1992-02-15 7 WASHINGTON A large majority of Americans surveyed in a poll published in yesterday's editions of The Washington Post said they are now making a conscious effort to avoid buying Japanese products. The survey, conducted for the newspaper and ABC television news, found that anti-Japa-nese sentiment in74 words
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Article73 1992-02-15 7 UNITED NATIONS The US, Britain and France have agreed On a resolution imposing an air and arms embargo on Libya until it hands over suspects in the bombing of Pan Am Flight 103 and a French flight, diplomats said on Thursday. The proposed resolution73 words
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Article72 1992-02-15 7 BEIJING China's two-way trade decreased in January for the first time in 17 months, but the country still enjoyed,a monthly surplus of nearly US$l billion (551.62 billion), officials and a newspaper report said yesterday. Imports fell 2 per cent to US$3.Ol billion, compared with the same72 words
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Article72 1992-02-15 7 SOFIA Bulgaria plans to build two high-speed railway lines, including one linking Europe and Asia, but needs Western financing, officials said on Thursday. The average speed of the passenger trains would be 200 kph, Atanas Tanev, director general of Bulgaria's state railways said< "Both high-speed railways72 words
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585 1992-02-15 7 IHT LONDON Any hope of an economic recovery lurking just over the British horizon vanished on Thursday with the news that unemployment in January had surged by a seasonally adjusted 53,000. The numbers were rather more unpleasant than people had been goingIHT - 585 words
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522 1992-02-15 7 IHT NEW YORK An unexpected spurt in January retail sales reported on Thursday made markets think the US economy was picking up. Don't bet on it, warned analysts although they said the data could mean the worst was over. The Commerce DepartmentIHT - 522 words
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Article, Illustration552 1992-02-15 7 The signs are all there, but analysts maintain that they merely indicate a brief stagnation Reuter FRANKFURT Industry layoffs, dismal economic statistics and choked-off growth might suggest that Germany is in a recession. But economists claim the country is only going through a briefReuter - 552 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4138 1992-02-15 8 Claire Leow - By Claire Leow RUMOURS involving Guthrie GTS, L&M and Smith New Court Securities got the market just half an hour before trading ceased yesterday. Conflicting versions circulated about a block transaction of nearly nine million L&M shares done through Smith New Court, which4,138 words
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Article, Illustration77 1992-02-15 8 Chew Eng Han - By Chew Eng Han Comment RESISTANCE at $1.76 has to be cleared before a rise to $1.85 and eventually to $2.00. But chances are $1.76 will not break for now and the shortterm risk is on the downside. First support is at $1.50, followed by $1.37 to $1.40.SOURCE: PONT DATA - 77 words
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Article2936 1992-02-15 9 -SPH Foreign 1310 -t-30 +2.3% GPBSS1.60 410 +10 +2.5% OUE 835 +15 +1.8% Robinson 590 +15 +2.6% Wearnes 348 +10 3.0% J Cement 279 +9 +3.3% L&M 50* 171+7 +4.3% B Sembavvang 585 +5 +0.9% FELS 50* 585 +5 +0.9% UOL 170 +5 +3.0% H2,936 words
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Page 9 Advertisements
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Advertisement10 1992-02-15 9 ASIAN AEROSPACE 92' A special BT Supplement Feb 25, 199210 words
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Article3294 1992-02-15 10 A s M1SC Foreign 555 +15 +2.8% Guinness 50« 342 +12 +3.6% Land General 153 +6 +4.1% 'Bolton 142 +4 +2.9% .Choc Prod 50« 76 +3 +4 1% Rash id Hussain 228 3 1.3% PJ Dev Hldgs 74V* +2Vi +3.5% Amal Steel 50* 245 +23,294 words
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Page 10 Advertisements
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Advertisement115 1992-02-15 10 NOTICES UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Chong Jooo Hiangofßk669HaugangAvemeB,lo9-731, Singapore 1953, have applied for a Retail Beer Shop licence in respect of premises at M/sDaky Finn Supennart at 17 Dairy Farm Rd #81-03, Singapore 2367, and that this application will be heard in Court No 1,115 words
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Advertisement113 1992-02-15 10 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I LanPobChjng of Bk 279 Yishun St 22,107-322, Sagapore 2776, have applied for a Retail Liquor Shop licence in respect of premises at M/sPohAk Mini Marketatßks6sHougang St 51,101-488, Singapore 1953, and that this application will be heard in Court No 1, Subordinate113 words
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Advertisement115 1992-02-15 10 LIQUOR LICENCE NOTICE NOTICE IS HEREBY OVEN tint, I Ee Ai Hwa of Bk 75. Maine Drive, 05-19, 1544, have applied for a Retail Liquor Shop licence it raped of premises at M/iChusnKahHocfc Enterprise* 8, Waringin Part, Singapore 1441, and fat this application will be heard in Court No 1,115 words
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Advertisement125 1992-02-15 10 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN Hut, I Low Khee Ling of Bk 157 Tampines St *****45. Singapore 1852 have applied for a Public Howe Ist Class (Extended) licence in respect of premises at M/s Star Search Karaoke Lounge at 112, East Coast Rd #02-18 Katong People's Pari, Singapore125 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5055 1992-02-15 11 Bernama SHARE prices yesterday closed off earlier lows on late bargain-hunting ahead of the weekend but in reduced cautious trading amid the bearishness of the major bourses. The KLSE Composite Index recouped 5.21 points from the day's low to finish at 595.75, upBernama - 5,055 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2172 1992-02-15 12 UPI SHARE prices gained slightly in heavy trading on the Thai stock market yesterday with the Stocks Exchange of Thailand (SET) index rising 2.58 points to close at 805.78. "The market opened firm yesterday with the index up around 6.5 points in earlyUPI; SOURCE: PONT DATA - 2,172 words
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JAKARTA STOCK EXCHANGE
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1194 1992-02-15 12 Reuter SHARES showed little change in moderate trading. The Jardine Fleming Index edged up 0.26 point in half day trading to 64.55. Brokers said the new banking law allowing foreigners to buy bank shares may be passed as early as Monday. Brokers areReuter - 1,194 words
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Page 12 Advertisements
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Advertisement7 1992-02-15 12 Enterprise Management in Business Times every Monday7 words
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Advertisement165 1992-02-15 12 W O Tic E S f OFFICIAL NOTICE^ We, SYABAS OIL SINGAPORE PRIVATE LIMITED, of 10, Anson Road. #34-10 International Plaza. Singapore 0207, hereby give notice that in consequence of the ship hereinafter named, we have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping165 words
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Advertisement363 1992-02-15 12 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Lim Cboo Kee of 23 Paig Seng Road, Singapore 1334, have applied for a First Class Beer House licence in respect of premises at MA Thye Sao Restaurant at 9 Selegie Road *01-19 Selegie House, Singapore 0718, and that this application363 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2642 1992-02-15 13 Reuter STOCKS slumped for the fourth consecutive day yesterday and the Nikkei closed below 21,000 for the first time since Jan 21. Brokers said fears linked to a political bribery scandal drove most investors from the market. Fading hopes of an early discount rateReuter - 2,642 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2600 1992-02-15 13 Reuter THE bourse ended yesterday at its second record high close in a row, and the third this week, as continued strong overseas buying overwhelmed mild early losses. The blue-chip Hang Seng Index put on 8.82 points to close at 4,772.32, havingReuter - 2,600 words
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AUSTRALIAN STOCK EXCHANGE
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2376 1992-02-15 14 UPI SHARES closed lower on the Sydney Stock Exchange yesterday but off their worst levels for the day after falls in New York and Tokyo, brokers said. At the close of trading, the All Ordinaries Index was down four points to 1,618.9.UPI - 2,376 words
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REGIONAL STOCK MARKETS
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Taiwan stocks finish lower in thin trade
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Article493 1992-02-15 14 STOCKS reversed small, early gains to close lower across the board in thin trade as investors still lacked confidence in the market, brokers said. The weighted index lost 64.69 points, or 1.3 per cent, to finish at 5,023.41 compared with Thursday's 5,088.10 close. Turnover was thin at NT26.9 billion493 words
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Article555 1992-02-15 14 SHARES extended the week's fall as buyers stayed on the sidelines, preferring to await signs of a favourite emerging among presidential candidates in the May elections, brokers said. The Manila Stock Exchange composite index closed 17.57 points lower at 1,201.75. Brokers see the index sliding below 1,200 next week.555 words
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Article346 1992-02-15 14 THE share market ended flat on reasonable turnover and brokers are waiting for some key corporate results next week for direction. "It's quite directionless and we'll need to digest the Fletcher result on Tuesday before the market gets direction," Cavill White's Don Turkington said. The NZSE-40 capital index346 words
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Article715 1992-02-15 14 Close Previous Feb 14 NEW ZEALAND NZSE-40 Capital 1.468.47 1.470.93 -2.46 Turnover (NZSmillion) unav unav MANILA Composite Index 1.201.75 1.219.32 -17.57 Turnover (million) 138 3.850 -3.718 TAIPEI J Weighted Price Index 5.023.41 5.088.10 -64.69 Turnover (NTS billion) 26.9 29.65 -2.75 SEOUL Composite Stock Index unav 656.49 Turnover (billion won) unav715 words
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Page 14 Advertisements
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Advertisement8 1992-02-15 14 The market report for Seoul was not available.8 words
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WORLD STOCK MARKETS
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Dow dragged down by program-selling
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Article117 1992-02-15 15 Feb 13 Close Previews NEW YORK Dow Jones 3.246.65 3.276.83 -30.18 SAP 500 413.69 417.13 -3.44 Turnover (million) 230.91 237.63 -6.72 LONDON Financial Times 30 1.957.4 1,963.3 -5.9 FTSE 100 2.522.6 2.523.7 -I.I Turnover (million) 470 435.9 34.1 FRANKFURT DAX Index 1.681.20 1.678.92 +2.28 AMSTERDAM EOE Index unav unav PARIS117 words
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Article, Illustration1451 1992-02-15 15 STOCKS tumbled in heavy but choppy ;trading on Thursday, dragged down •from record highs by computerised sell programs and weak bonds following a disappointing final leg of the Treasury's quarterly refunding. The sell-off undermined better-than-expected jobs and retail sales reports and trimmed by more than one-half the Dow's1,451 words
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Article, Illustration880 1992-02-15 15 A HIGHER-THAN-EXPECTED rise in British unemployment coupled with some gloomy trading reports pushed share prices lower on the London Stock Exchange on Thursday. The blue-chip Financial Times Stock Exchange 100-share Index, which fell 13.4 points on Wednesday, closed 1.1 points lower at 2,522.6. The narrower Financial Times 30 Index880 words
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Article127 1992-02-15 15 THE Frankfurt stock market gained a small amount of ground on Thursday as the DAX spot trend index finished the day at 1,681.20 points, up by 0.14 per cent from 1,678.92 points at the Wednesday close. Frankfurt Feb 13 DM Aeg 225.30 -2.30 BASF 245.00 -3.50 BMW 546.50 4-127 words
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Article341 1992-02-15 15 THE Paris bourse closed higher, moving out of a narrow range that had trapped it for over a week, dealers said. The CAC-40 index finished 14.87 points or 0.80 per cent higher at 1,876.47 after opening at 1,865.93. Volume was moderate at 2.3 billion francs, but still the highest341 words
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Article276 1992-02-15 15 SHARES closed weaker as operators continued to square positions ahead of today's end to the February trading account. "The falls were mainly due to selling from operators who were closing out positions," one broker said, who noted the selling pressure increased towards the close. The banking sector was among276 words
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Article243 1992-02-15 15 SHARES ended a quiet session barely changed. Brokers said investors have adopted a more cautious attitude on the view that Swiss interest rates may have stopped heading lower for the time being. The all-share SPI index edged down 0.6 points to 1,124.9, while the SMI index of leading shares243 words
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Article248 1992-02-15 15 SHARES ended firmer after light trading gave way to increased activity at the end of the session when better than expected data was published in the US. "We had a remarkably active market at the end," said Didier Willemssens at Smeets, Verbaet en Cie. "When the US market opened248 words
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Article353 1992-02-15 15 SHARES closed firmer on Thursday, but ofT their day's high as the early upswing lost momentum in a cautious market, dealers said. Gold shares led the early advance, boosted by a combination of firm world gold prices and renewed weakness in the financial rand in nervous trading, they said.353 words
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Article238 1992-02-15 15 STOCKS slipped to new lows in afternoon trade after a disappointing final phase to the US Treasury's refunding weakened US bonds, dealers said. Cigarette company shares fell after the Canadian government said it will tax exports to cut smuggling. The TSE 300 composite index closed down 14.07 at 3,581.76.238 words
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Page 15 Advertisements
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Advertisement17 1992-02-15 15 The market reports for Amsterdam and Stockholm were not available. Executive Jobs every Saturday in Business Times17 words
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CURRENCY, MONEY & FUTURES MARKETS
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1218 1992-02-15 16 REPORTS Reuter Tokyo: The US dollar was slightly firmer against the yen and the mark in narrow-ranged late Asian trade yesterday. Dollar sentiment remained bullish on expectations that the US economy is likely to recover soon, but fears over centralReuter - 1,218 words
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Article377 1992-02-15 16 Cross rates Feb u USS SS MS Dm Yen SFr AS NZS USS 1.6400 2.6170 1.6250 128.00 0.5650 1.4600 1.3228 1.8450 SS 0.6098 1.5957 0.9909 78.0488 0.3445 0.8902 0.8066 1.1250 MS 0.3821 0.63 0.6209 48.9110 0.2159 0.5579 0.5054 0.7050 Dm 0.6154 1.0092 1.6105 78.77 0.3477 0.8985 0.8140377 words
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Article538 1992-02-15 16 Interbank rates SS Bid Offer Overnight 3 3 1/8 1-month 3 1/4 3 3/8 2-month 3 1/4 3 3/8 3-month 3 1/4 3 3/8 Overnight mode: 3-3/8 USS Bid Offer 7 days 4 1/16 4 3/16 1 month 4 1/16 4 3/16 2 months 4 1/16 4 3/16538 words
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352 1992-02-15 16 Reuter MOSCOW Russian Deputy Prime Minister Yegor Gaidar said the battered rouble was recovering its value and there should be no introduction of alternative currencies. Speaking on Thursday after a Russian government meeting chaired by President Boris Yeltsin, he said: "We have managed toReuter - 352 words
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296 1992-02-15 16 Reuter PARIS The amount of new bonds issued by French companies in the domestic market this year is likely to be broadly similar to the 1991 figure, according to an informal Reuter survey of major borrowers and bankers released yesterday. Corporate treasurersReuter - 296 words
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Article1110 1992-02-15 16 SIMEX Eunoooujm Open High Low Sett Est Vol Op/lnt Vol Mar 92 55.82 95.82 95.78 95.79 6000 ***** 1726 Jun 92 95.59 95.60 95.55 95.56 ***** ***** 4353 95.60 Sep 92 95.20 95.21 95.16 95.16 ***** ***** 2899 Dec 92 94.51 94.52 94.45 94.46 7000 5292 1371 95.521,110 words
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Page 16 Advertisements
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Advertisement6 1992-02-15 16 Chartpoint in Business Times every Saturday6 words
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COMMODITIES
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426 1992-02-15 17 Reuter AUCKLAND Asian companies, looking to meet strong demand for wood fibre, will be prominent among bidders for further cutting rights to New Zealand government forests, forestry analysts and consultants predict. As part of a plan to cut debt, the governmentReuter - 426 words
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265 1992-02-15 17 Reuter BOGOTA Colombia's cost-cutting steps are necessary to shore up the National Coffee Fund that has been battered by record harvests and low international prices, said Jorge Cardenas, the country's National Coffee Growers Federation manager. Mr Cardenas said on Thursday that Colombia would harvestReuter - 265 words
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838 1992-02-15 17 REPORTS MALAYSIAN crude palm oil prices ended higher yesterday, buoyed by gains in the futures market, dealers said. But trading remained thin with operators reluctant to commit themselves while awaiting today's release of the Palm Oil Registration and Licensing Authority's output838 words
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Article1317 1992-02-15 17 Rubber Feb u S cents/kg Noon Close Int I RSS Prompt I28.25/I29.25N 128.50/I29.50N Int I RSS Mar 92 128.7V129.25 129.00/129.50 Im I RSS Apr 129.7V130.25 130.00/130.50 Int 2 RSS OP I28.50/I29.50N 128.50/129.SON Int 3 RSS OP 128.00/129.00N 128.00/129.00N Int 4 RSS OP 126.00/127.00N 126.00/127.00N Int 5 RSS OP 122.50/123.50N1,317 words
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Page 17 Advertisements
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Advertisement7 1992-02-15 17 Innovation Technology in Business Times on Tuesday7 words
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Advertisement672 1992-02-15 17 BUSINESS TIM JL_S To« fr— TW No 737 0Q43 FM No: 734 3608 LIQUOR LICENCE NOTICE NO'IK-K IS lIKRKBY GIVKN that. I Tan Seng Tkmg of A|X Blk 710 Hcdok Rocrv<wr Rd «08-3118 Singapore 1617, have applied tor a Retail IVvr Shop licence in nspcct of premises at M/s Nam672 words
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497 1992-02-15 18 But group still undecided on how to allocate reduction Reuter GENEVA All 13 Opec oil ministers have agreed to cut petroleum production by 7 per cent in a bid to shore up weak world prices, Iranian Oil Minister Gholamreza Aqazadeh said yesterday.Reuter - 497 words
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360 1992-02-15 18 UPI BANGKOK Former Cabinet ministers accused of corruption and a number of "rented" candidates are among more than 2,500 Thais registered to stand in next month's general elections. Election commission officials said 15 political parties had also fulfilled the requirements toUPI - 360 words
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Article, Illustration505 1992-02-15 18 Plan for smaller units to join in defence union Agencies MINSK, Belarus Kazakh President Nursultan Nazarbayev, seeking to break a deadlock at the Commonwealth of Independent States (CIS) summit, has proposed that the ex-Soviet republics form their own armies and then join together inAgencies - 505 words
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376 1992-02-15 18 AFP TOKYO Japanese prosecutors arrested four businessmen at the centre of a new scandal yesterday even as the besieged ruling Liberal Democratic Party (LDP) and opposition lawmakers failed to resolve a stalemate over a bribery scandal that has shut down parliament. The arrestsAFP - 376 words
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202 1992-02-15 18 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR MALAYSIA and Brunei signed Ave pacts yesterday to strengthen bilateral ties, including one allowing Brunei air force planes to use Malaysian air space for training. Malaysian Defence Minister Datuk Najib Tun Razak told reporters that a202 words
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Article, Illustration474 1992-02-15 18 AFP HANOI The foreign ministers of China and Vietnam signed an economic cooperation accord here yesterday and agreed to allow diplomats and official passport holders to travel freely between the two countries. Chinese Foreign Minister Qian Qichen and Vietnam's Nguyen Manh Cam also announcedAFP - 474 words
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Article380 1992-02-15 18 Lee Han Shih - By Lee Han Shih SINGAPORE Asean and China are likely to cooperate rather than compete in the fast growing and fast changing Asia-Pacific markets, according to Professor Mohamed ArifT of Universiti of Malaya's Faculty of Economics and Administration. Professor ArifT, delivering a paper at the380 words
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171 1992-02-15 18 Reuter MANILA The Philippines endorsed the bids of Vietnam and Laos for membership of Asean and said they may become observers in the organisation as early as July. Foreign Secretary Raul Manglapus told a news conference in Manila yesterday: "I have already forwardedReuter - 171 words
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Page 18 Advertisements
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Advertisement6 1992-02-15 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement110 1992-02-15 18 ICHARTPOINTI Every Saturday in Business Times CONVERSATIONS I RATFTJS As a technocrat you want to get things done. But you become too egoistic, failure is too terrible to consider. If you run for office, you don't want to lose. 111: HBi I :iy^ R mm I I lf *W Meet110 words
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Executive Lifestyle
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Article, Illustration1506 1992-02-15 19 Jaime Ee - What was it like doing business during the Japanese Occupation? Jaime Ee recounts the experiences of some of Singapore's prominent businessmen Jaime Ee WHEN Japanese soldiers swarmed into Singapore on Feb 15, 1942, "business as usual" was not quite the order of the day. For the1,506 words
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STRAWS IN THE WIND
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Article89 1992-02-15 19 SOMETIMES, you have to admit that smokers don't get much respect. A journalist who requested a seat in the smoking section of an airline was given one in the last row of the cabin against the partition that divides the galley and the seating area. Needless89 words
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Article35 1992-02-15 19 A NOODLE House outlet! had the item "rosat meat'*listed on its menu. They probably meant "roast meat" but what they might not have; known is that, in Malay, "rosat" or "rosak" means, "bad".35 words
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Article37 1992-02-15 19 ACCORDING to Newsweek, more than 250 senior Thai policemen will go to Bangkok this month for a special training course on the policeman's role in Aids prevention. The name of the campaign? Cops and Rubbers.37 words
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Article72 1992-02-15 19 BEING the year of the monkey, an ad agency thought it was a pretty good idea to send out Lunar New Year cards with a single strand of genuine monkey hair stuck inside each card. An ingenious idea, but did anyone stop to think that there might72 words
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OPINIONS
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Article, Illustration1161 1992-02-15 20 Nirmal Ghosh - Third World development programmes are often pursued with disregard for the environment, and Nirmal Ghosh points to a recent memo by the World Bank's chief economist as evidence Nirmal Ghosh The writer is a BT reporter Economics and ethics are uneasy bedfellows, and where the environment1,161 words
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Article626 1992-02-15 20 Mark J Valencia - The dispute over the Spratly Islands has to be settled before there can be lasting peace in the South-east Asian region, declares Mark J Valencia Mark J Valencia The writer is a research fellow at the Institute for Economic Development and Policy at the626 words
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Article689 1992-02-15 20 Lee Peng Eng - Lee Peng Eng IT WAS so distressing in the past to have witnessed the suppression of dialect and its relegation to the scrap heap of Singapore culture, especially when, in fact, dialect is our mother tongue, a term defined in Webster's new International Dictionary as "the689 words
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Article, Illustration873 1992-02-15 20 A J Leow - To recover its economic virility, America will have to seek inspiration from within, says A J Leow A J Leow The writer is a BT journalist FROM the anthropologist's viewpoint, it may be argued that the economic success of the United States this century was helped in873 words
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SPORTS
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Article, Illustration408 1992-02-15 21 AFP MALAGA, Spain The big names of European golf had big numbers against their names after a windswept opening round of the Turespana Masters here on Thursday. Severiano Ballesteros, fresh from his Desert Classic triumph in Dubai last Sunday, crashed to a 78. England'sAFP - 408 words
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577 1992-02-15 21 Reuter PORT OF SPAIN West Indies, former kings of oneday cricket whose crown is now askew, are facing up to their quest for the World Cup in an unfamiliar role. Back in 1975 and 1979 when it was held in England,Reuter - 577 words
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604 1992-02-15 21 Reuter PERTH, Australia India's bid to recapture the World Cup they won in 1983 hinges on the virtuosity of a cricketer who was only allowed to stay up and watch that triumph on television as a special treat. For when Kapil Dev's teamReuter - 604 words
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254 1992-02-15 21 Reuter COLOMBO Sri Lanka, rich in talented batsmen but short of quality bowlers, go into the cricket World Cup with their priority clear a feast of runs from captain Aravinda de Silva and his stroke-makers. De Silva, Asanka Gurusinha and Aijuna Ranatunga are the most experiencedReuter - 254 words
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Article, Illustration378 1992-02-15 21 Winter Olympics AP MERIBEL, France Petra Kronberger was generous with her first Olympic gold medal, won in the combined. "I won for myself, but also for my coaches and my teammates, my country, and my friends," the women's Alpine combined champion said after Thursday's slalom completedAP - 378 words
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384 1992-02-15 21 AP LES SAISIES, France Vegard "the Viking" Ulvang used an American no-wax technique for a cross country race and it helped him become the first double Olympic gold medalist. "I had very good skis. It was maximum success. Bingo!" said the Norwegian after winningAP - 384 words
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SIDE LINES
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116 1992-02-15 21 SINGAPORE Australian Michael Harwood, ranked 25th in the world, will lead the field at the Epson Singapore Open Golf Championship, to be played over the Singapore Island Country Club's Bukit course from Feb 27 to March 1. A total of 363 professionals from116 words
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Article66 1992-02-15 21 INDIANAPOLIS, Indiana The sentencing of American boxer Mike Tyson, who was convicted on Monday of raping an 18-year-old beauty pageant contestant, has been postponed from March 6 to March 27. Judge Patricia Giflford at the Marion County Superior Court agreed to delay the sentencing at the request66 words
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Article108 1992-02-15 21 LE CASTELLET, France Toyota's bid for the world sport scar championship next year has made an encouraging start at the Paul Ricard circuit here. Toyota has been testing its TS-010 car this week, and chief designer Tony Southgate said on Thursday that "if Peugeot108 words
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Article96 1992-02-15 21 SAN DIEGO Stars and Stripes, refitted overnight with its old conventional keel, defeated Defiant on Thursday in the America's Cup defenders series. Racing for the first time without Dennis Conner at the helm, John Bertrand steered Stars and Stripes to an exciting 55-second victory in96 words
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Article112 1992-02-15 21 MEMPHIS Michael Stich, the world's No. 3 player, said Jimmy Connors' court decorum during their third-round match in the Federal Express International had nothing to do with fair play or with tennis. "He (Connors) went over a fine line and he was being very unfair112 words
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332 1992-02-15 21 AP PALM BEACH GARDENS, Florida If Jack Nicklaus wins another green jacket at the Masters this spring, he'll need a larger size. A weight programme to improve endurance has added muscle to Nicklaus' upper body. Working out 2% hours a day this winter, heAP - 332 words
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EPICURE
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Article, Illustration602 1992-02-15 22 Quek Swee Peng - Quek Swee Peng samples Chinese at Hua Ting, Orchard Hotel's new restaurant Quek Swee Peng IT CAN sometimes be difficult for Chinese restaurants in hotels to build up an individualistic identity. It is not always easy competing against established rivals. While Chinese restaurants in Singapore may seem profit-making602 words
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LIFESTYLE
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Article, Illustration610 1992-02-15 23 N K Yong - Matching German, Italian and French labels with local cuisine WINE vvinL By N K Yong IWAS talking to Etienne Hugel from the famous Alsace wine family firm of Hugel et Fils who was here recently on a brief whis-tle-stop visit, and we were discussing610 words
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Article, Illustration489 1992-02-15 23 Sybil Holloway - BRIDGE By Sybil Holloway I WAS playing a nightmare hand sitting in the South seat (hands switched for convenience). After opening the bidding with a Precision one club, Simonetta Convenevole, my partner, had bid nicely up to the small slam in spades against489 words
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PEOPLE
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Article, Illustration336 1992-02-15 23 HI, don't I know you? Didn't I buy my condo from you? Yes, at $600 psf... Everyone who was anyone in the real estate industry was at the Pinnacle restaurant on Tuesday, where the Real Estate Developers' Association of Singapore ushered in thePhotos by Chris Loh - 336 words
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PURSUITS 1
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Article, Illustration685 1992-02-15 24 Nirmal Ghosh - Is the rejuvenated Telok Ayer Festival Market a gift to the Singapore yuppie? Nirmal Ghosh checks out the joint Nirmal Ghosh AS DUSK falls, costumed Sikh, Malay and Chinese troupes exuberantly lead the "roll-out parade" on to Boon Tat Street, which is cordoned off and spread with tables685 words
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Article483 1992-02-15 24 Nirmal Ghosh - Thelma and Louise comes highly recommended by Niraial Ghosh Nirmal Ghosh Ridley Scott joins the list of English directors who have fallen in love with the American landscape. And Thelma and Louise is in many ways a celebration of that landscape: casually awesome, sometimes brooding, sometimes stark.483 words
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Article, Illustration1918 1992-02-15 25 Kenneth James - Dr Narongchai Akrasanee, economic adviser to the Prime Minister of Thailand, is a top-notch academic who has made the rare transition to successful businessman. Kenneth James finds out what makes Dr Narongchai run CONVE^AHONS I RAFFLES Kenneth James October 1962. Narongchai Akrasanee, 17 years old and wide-eyed, prestigiousPhoto by Chris Loh - 1,918 words
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Article553 1992-02-15 25 FOR MORE than a decade now, Dr Narongchai Akrasanee has preached Asean economic cooperation. Early on, he was involved in economic research of the individual Asean countries, the findings of which were then disseminated in books and regional seminars. "But I was never really satisfied," he553 words
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Article384 1992-02-15 25 SINCE that fateful overnight stop all of 30 years ago, Dr Narongchai has been a frequent visitor to Singapore. Comparing Singaporeans to Thais, he finds much that each can learn from the other. "I think as far as the softer side of life is concerned the384 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration784 1992-02-15 26 Chew Eng Han - Chew Eng Han weighs the factors affecting the market Chew Eng Han ONLY a month ago, nobody seemed to want Malaysian stocks, other than the handful of contrarians. But now, sentiment seems to have flipped over. And foreign investors whoChart by Tele Trac - 784 words
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Article, Illustration644 1992-02-15 26 Najeeb Jarhom - OjjART By Najeeb Jarhom The writer is Research Manager at Fraser Securities. THE SHARP falls in interest rates sparked the late December/January rally in the Singapore stock market, but this was insufficient to maintain the upward momentum in share prices. Fortunately, Malaysian shares, which644 words
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Article, Illustration737 1992-02-15 26 Malayan Banking THE BANKING sector is generally expected to perform well in 1992 and 1993 as the economy continues to remain buoyant. Recent results of banks like Malayan Banking and Public Bank were impressive and bode well for future earnings. Maybank showed a 71 per737 words
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Article, Illustration814 1992-02-15 26 Quak Hiang Whai - Quak Hiang Whai reports on David Fuller's argument for the metal Quak Hiang Whai COULD 1992 be the year of the silver? Yes, according to UK-based chartist David Fuller. Writing in the latest issue of his investment newsletter, Fuller Money, Mr Fuller saidChart by Tele Trac - 814 words
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Article, Illustration1729 1992-02-15 27 Sylvia Wong - Thinking about properties? Sylvia Wong takes the pulse of the market Sylvia Wong ALMOST everyone, it seems, is either talking about property, planning to buy property or saving up to buy property. Property has become the hot topic of discussion at gatherings, from1,729 words
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JOBS
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Article, Illustration1236 1992-02-15 28 Dawn Tan - With care and practice, even the nervous at heart can learn to make effective speeches. Dawn Tan has some tips on how to stand and deliver with aplomb Dawn Tan THE pin-striped executive clings to the lectern; eyes glued to his notes; his forehead glistening with1,236 words
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Article, Illustration720 1992-02-15 28 Salil Tripathi - Salil Tripathi meets Shearson Lehman Brothers' Thomas Gallagher, who studies the dollars and sense of political events on Capitol Hill Salil Tripathi WHAT'S a nicelooking political analyst like you doing at an investment bank like this? Well, nobody has yet asked Thomas Gallagher that question,720 words
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Article, Illustration441 1992-02-15 28 Mr Rana Talwar has been appointed Executive VicePresident of the Consumer Banking Group in Asia for Citibank. Mr Talwar will direct the Group from its regional headquarters in Singapore. The other key appointment at Citibank is Mr Dennis Martin as the Executive Vice-President for the Wholesale Banking Group,441 words
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Article1232 1992-02-15 29 C*y Fight ETA Flight ETD OlPtlli GA971 0950 AMaMa QF8 2010 QF82 2115 SQ227 2130 AaHlliiaai SQ19 0605 SQ24 0115 KL837 1340 KL838 2325 SQ38 2330 OMllM 0A473 0110 QA474 2245 HilMili NZ21 1700 NZ22 1850 SQ286 1905 Gf 148 0915 haw GA525 1450 Sari h|WH1,232 words
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THE TRAVEL PAGE
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Article, Illustration526 1992-02-15 29 Susan Kaye - POSTCARD FROM SAN DIEGO jgr mbp jhHF jJKU JHU By Susan Kaye America's Cup International Centre is the spectators' headquarters, adjacent to the downtown Amtrak depot. Wide-screen television sets allow live race viewing, while motion-based simulators give spectators a rolling-with-the-waves sensation. Where to Stay. Worldwide526 words
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Article153 1992-02-15 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2345 1.2515 Canadian dollar 1.3685 1.3962 NZ dollar 0.8790 0.9145 Sterling pound 2.8912 2.9303 US dollar 1*6370 1.6450 Local dollars to 100 Baits of foreign currency Austrian schilling 14.24 14.55153 words
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Article83 1992-02-15 29 Duration Title Venue Organiser Tel Mar 10-12 Cadcam NEC. EMAP Intl 071-*****47 1992 International Birmingham Exhibitions Ltd (fax) Show Mar 10-13 3rd Bangkok Shangri-La Headway Trade 852-*****64 1992 International Royal Orchid Fairs Ltd (fax) Jewelry Fair Sheraton Hotels, Bangkok Duration Title Venue Organiser Td Mar 12-22 International83 words
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Article, Illustration589 1992-02-15 30 Atame. Tie me up or tie me down. Doesn't really matter. A loonie abducts a porn star and tries to convince her that there's more to a rope than skipping. R(A). President: I; 3; 7; 9. Blonde Fist. Feminism goes tough in this female version of Rocky, which also589 words
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TIME OFF
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Article163 1992-02-15 30 Chambar Concert Conductor Choo Hoey. Programme includes Milhaud's La Creation du Monde, Stravinsky's A Soldier's Tale and Beethoven's The Prometheus. Venue: Victoria Concert Hall. Today. 8pm. IWpl Help! The GiohoHnks! An opera for children and those who like children by Gian-Carlo Menotti. Directed by Tom Hawkes and conductor by163 words
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Article, Illustration329 1992-02-15 30 Yasotha M - Compiled by Yasotha M When Singapore was Syonan-To Exhibition includes some 300 photographs, 1 SO artifacts and five dioramas from the Japanese Occupation. Venue: National Museum Cendana Gallery IA II. 9am4.30pm. On till May 31 OM Women in Chinatown Photographic exhibition by Wolfgang Pippert on Old Women in Chinatown.329 words
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Page 19 Advertisements
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Advertisement154 1992-02-15 19 1 ao 0 3 3 4 3 5 8 8 *3|3 41 3 6 8 8 jfc. r^PH^ Available Exclusively SINGAPORE: Burberry Mate hop: 390 Orchard Road. #B1 -01/02 Palais Renaissance Shopping Arcade. Singapore 0923 Tel: *****13 kwberrya txiy hi Mxy, DAIMARVJ DPS Orchard HALLEY'S I SET AN Orchard NAN154 words
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Page 20 Advertisements
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Advertisement25 1992-02-15 20 BT welcomes letters from you. Please address them to: The Editor, Business Tunes, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.25 words
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Page 20 Miscellaneous
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Miscellaneous68 1992-02-15 20 DOONESBURY BY GARRY TRUDEAU i NOtU FOK 1 j YOUMAyNXUBB&N! THS TOUGH PAKT,GAN6 1 J RSMINPSR. TOALLm es&AV QUESTIONS! 9 3 rT «r r,od three vvith YOU G6NNIF6RS PIZASZ READSUSKTW J presidential ambitions. Ybu believe, that you SPeLUNG COUNTS', Miner I] snd he. have a future together. Explain. j 1068 words
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Page 22 Advertisements
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Advertisement926 1992-02-15 22 fem Nothing Beats A Bud. IM where to wine, dine w 1 Why worry about breakfast or lunch on I Phl'Mrpn'c Uzy Sunday morninf? Come down VJHMaia for brunch with your whole family and f Activities at feast on a delectable spread of hot C,„r«,« dishes, soups, appetizers and FunAjameS926 words
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Page 23 Advertisements
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Advertisement197 1992-02-15 23 AND ENTERTAIN I Ra Shai Mase For the fresh and flavourful taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15pm. A ANA HOTEL For reservations, SINGAPORE please call 732-1222 ext 1589. It's an aO-American Sunday Jazz Brunch that delights197 words
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Page 24 Advertisements
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Advertisement257 1992-02-15 24 IBBe mm It's also the only newspaper that WM 111 comes with a Chinese dictionary and 1 hH Ipß 111 glossary for easy reference to the I 11 111 |1 II Ma meaning of words and phrases. And I Him kU II 111 Vl its pages are brightly filled with257 words
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Page 26 Advertisements
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Advertisement186 1992-02-15 26 TOP COMMERCIAL INVESTMENT IN NEW ZEALAND 12% NET YIELD AFTER TAX MODERN OFFICE BUILDING EXCELLENT LOCATION LONG-TERM LEASE (YR 2008) GOVERNMENT TENANT UP TO 75% FINANCE AVAILABLE For further information please contact: NEW DIMENSIONS INTERNATIONAL LTD. Business and Investment Consulting ADT House, 161 High Street, Dunedin, New Zealand Fax No:186 words
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Page 27 Advertisements
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Advertisement26 1992-02-15 27 The government's latest property price index for private residential properties stood at 157.2 at the third quarter of last year, up from 141.9 one year earlier.26 words
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Advertisement39 1992-02-15 27 Turn y our shared Get cash on the spot for your shares for 1,2 or 3 months Scripless counters are also acceptable. For more Information, call our toil-free numbers. Hong Leong Finance 223 0936 Singapore Finance 226 3396 =339 words
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Page 29 Advertisements
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Advertisement41 1992-02-15 29 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. We know Europe from atari to Finnish.41 words
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Advertisement39 1992-02-15 29 CHEATING ON HIS WIFE US presidential hopeful Bill Clinton was hurt politically by such allegations Does infidelity matter in politics? The views and the issues in Weekender I PnTl m NEW, NEWS, NEWSY MONDAY TO SATURDAY I«WM i i39 words
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Page 29 Miscellaneous
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Miscellaneous194 1992-02-15 29 29 US objects in a camera needed treatment (9) 30 Each person's a devil ac- 7 or hpitantly 23 One goes in to join one in cepting the right to have aaer a moment (9) the army (7) no enemies (9 6) U P roun l e marshy 27 Hotel194 words
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Miscellaneous192 1992-02-15 29 Singapore Outlook: Showers over a few areas in the afternoon. Report; Maximum temperature 32.2 Assoc humidity 67% Minimum temperature 24.4 Assoc humidity 97% Hours of sunshine 9.70 Rainfall in mm Nil Rainfall this month IS.B Rainy days this month 2 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 26/18 Showers Bangkok 34/23192 words
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Miscellaneous32 1992-02-15 29 /Heii i.aMr tuzX /me. RjDGE. urnts to see. 1 upmt till i trfmn to hit n-ie Vvou W HIS OFF'Ce Pff QNC&.J \COOL DOU3N \bofFERS > <Jk -A# au3 ASSOCIATED NEWSPAPERS LTO 1962-199232 words
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Page 30 Miscellaneous
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Miscellaneous1667 1992-02-15 30 TODAY'S TV ■P!ITY!V9TV!JfnHI 1050 FoMrth R#teh (See mm/m tn 5.30 Bobby's WorM. Our Choice, Stereo). f m Mil 6.00 News. JJ 40 close. T'MMl 6.30 Tin Holy Book. Ma Yang Torcinta, 4pm, SBC 5 FHjht to Survival, 12.30pm, -5 6.45 Sesat Dalam Cahaya. Lestari and Harliman are SBC 5 V1,667 words
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Miscellaneous619 1992-02-15 30 MOVIES ON TV BL Stryfcer Auntie Sue, Man, proves to be a nightmarish 10.30pm, SBC 5 activity. Stryker has to contend with Best Seller, Fri, 9pm, TV 2 his incorrigible Aunt Sue, Cop and kUlcr bring their who will stop at nothing to symbiotic relationship into acquire an old mansion619 words
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