The Business Times, 29 February 1992
1992-02-29
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The Business Times
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Title Section19 1992-02-29 1 BUSINESS TIMES THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, February 29 March 1 1992 75*19 words
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NEWS & MARKETS SUMMARY
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62 1992-02-29 1 WASHINGTON The US economy grew at an annual rate of 0.8 per cent during the final quarter of 1991, the Commerce Department said yesterday. The upward revision from a 0.3 per cent rate reflected a smaller drop in consumer62 words
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75 1992-02-29 1 BRUSSELS The European Commission said yesterday it would appeal against a court ruling which cast doubt on the legitimacy of its policy decisions taken over the past 25 years. The ECs Court of First Instance ruled on Thursday that a 1988 Commission75 words
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Article27 1992-02-29 1 WALL STREET prices opened higher yesterday, with the Dow Jones industrial average up 9.39 points (0.29 per cent) at 3,278.84 five minutes into the session.27 words
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Article35 1992-02-29 1 SHARES were little changed at midday yesterday, in the absence of major corporate or economic news. At 1200 GMT, the FTSE 100-share index was down 2.7 points, or 0.1 per cent, at 2,559.3.35 words
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Article, Illustration29 1992-02-29 1 Friday Chaise BT-MGA 711.16 +2.47 Kuala Lumpur ....605.06 4.40 Tokyo 21,338.81 +5.11 Hongkong 4,929.06 33.93 Sydney 1,614.2 +9.0 Tlunday Change New York 3,269.45 -13.87 London 1,986.7 -16.229 words
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Article18 1992-02-29 1 USS SS 1.6430 100 Yen SS 1.2707 SS 0.6346 Overnight 3 5/8 +5/8 3-month 3 3/8 -1/1618 words
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Article33 1992-02-29 1 London Md AM fix US$353.05 +USS2.20 S'pore Mar 133.25«/kg -0.25 Nfsia Mar.... 209.00*/kg unch KLlta Turnover.. 119tonncs +24 Spol M$14.12/kg -0.1 Crwto pain tfl Turnover 1,553 lots +508 Mar MS915 /tonne +633 words
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Article, Illustration756 1992-02-29 1 Kenneth James - By Kenneth James SINGAPORE It was a predictable Budget, and for many that was enough. Finance Minister Richard Hu yesterday shunned the fireworks of expansionary give-aways, settling on a continuation of the pro-business, steady-as-she-goes theme that marked last year's Budget. The business sector was again756 words
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193 1992-02-29 1 SINGAPORE The Annual Economic Survey released earlier this week warned that economic difficulties in the US, Europe and Japan would dampen Singapore's immediate growth prospects. Yesterday, Finance Minister Richard Hu gave the forecast the survey left out: 4-6 per cent growth193 words
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432 1992-02-29 1 Chuang Peck Ming - Some manufacturers disappointed By Chuang Peck Ming SINGAPORE Businessmen yesterday welcomed the lower corporate tax announced by Finance Minister Dr Richard Hu, but some, especially manufacturers,were disappointed. "The Budget fell short of our expectations in terms of incentives to help manufacturers tide over the432 words
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272 1992-02-29 1 Reuter TOKYO The Group of Seven (G-7) industrial nations are unlikely to strike a deal on concerted cuts in interest rates, or a joint effort to knock the US dollar down, although some of the G-7 might wantReuter - 272 words
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Article277 1992-02-29 1 CORPORATE CPF, from July 1: employers' rate up half-point to 18 per cent employees' rate down half-point to 22 per cent Corporate tax rate down one point to 30 per cent wef YA93 Tax-exempt, for five years: the new RAS Commodity Exchange's income from futures trading A277 words
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Page 1 Advertisements
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Advertisement224 1992-02-29 1 Nikon fVOra Of MVIC6 SINGAPORE'S garment industry must not be complacent, said the Senior Minister of State for Trade and Industry. Mr Lim Boon Heng, speaking at the opening ceremony of the Three Rifles Building, cited the Group as an example of the "growing number of successful business ventures initiated224 words
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Advertisement254 1992-02-29 1 Nikon J j MORE REPORTS: Reactions from life insurers, hoteliers, rubber industry Commentary: Strategy for sustained growth, Pg 2 New fiscal era, Pg 3 Budget nuggets, Pg4 > The movement of a watch is dust, dirt and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a254 words
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BUDGET 1992/93
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Article721 1992-02-29 2 Mano Sabnani - Commentary By Mano Sabnani The writer is the editor of Business Times DK RICHARD HU's latest Budget,* his seventh as Finance Minismust be seen in the right perspective. Singapore has enjoyed no less than 6 years of strong growth since the recession in the mid-Eighties.721 words
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340 1992-02-29 2 SINGAPORE'S rubber industry welcomed news of a tax incentive to get the revamped RAS Commodity Exchange on its feet and off to a good start, amidst a worldwide slump in commodity prices. Given the current depressed state of the world commodity340 words
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468 1992-02-29 2 You don't hurt people, neither should you give away too much, he says EVERYONE else may call it bland and boring. But from the government's perspective, a non-event Budget is the ideal, said Finance Minister Dr Richard Hu last night, defending his468 words
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Article380 1992-02-29 2 TO ENHANCE Singapore's attractiveness as a regional financial centre and to keep pace with global technological and product developments, Finance Minister Dr Richard Hu has announced a powerful double tax deduction for financial institutions undertaking approved knowl-edge-intensive services such as financial engineering and research380 words
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Article, Illustration498 1992-02-29 2 LIFE INSURANCE companies are pleased with the Finance Minister's proposals to change the way their income is taxed and to charge a lower tax rate on income due to policyholders. From the year of assessment 1993, tax to be paid by life insurance498 words
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362 1992-02-29 2 HOTELIERS are bracing themselves for higher operating costs and lower profits with the new Budget announcements, saying that very little can be passed on to the consumer in the current competitive environment. These proposals include higher taxes on liquor, water consumption, hotel362 words
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Article461 1992-02-29 2 "Many consumers will benefit from these tax changes. The life insurance industry will become stronger, and the benefits will flow to the policy-holders. It's only a question of time. In addition, consumers will benefit from more innovative products which are tailored more specifically to their needs. This is461 words
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Article, Illustration436 1992-02-29 2 Anna Teo, S N Vasuki, Lilian Ang, Magdalene Ng, Shoeb Kagda; Sangeeta Mulchand - Reports by Anna Teo, S N Vasuki, Lilian Ang, Magdalene Ng, Shoeb Kagda and Sangeeta Mulchand OIL refineries, chemical companies, breweries, softdrinks manufacturers, and hotels are some industries which will be hit by Finance Minister Richard Hu's decision to raise the436 words
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1050 1992-02-29 3 Kenneth James - The changes in this year's Budget report are not just cosmetic. Economics Correspondent Kenneth James reports. Kenneth James EVEN at first glance, it is clear that the format for the latest Budget statement is different. Gone is the familiar REVENUE leading the items on1,050 words
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Article, Illustration365 1992-02-29 3 THE other side of the government's expenditures is a revenue base unique in the world for its make-up. Through the 1980s up to now, 30 to more than 40 per cent of total annual revenue has been non-tax revenue principally investment income. As many commentators365 words
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423 1992-02-29 3 Reactions to Budget SIMEX corporate members will now be taxed at a concessionary rate of 10 per cent on profits derived from spot currency transactions, a benefit that is currently limited to profits from currency futures. The tax concession will remove anomalies, ease423 words
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Article, Illustration1624 1992-02-29 4 Chuang Peck Ming - The Budget book each year is a mine of information. Chuang Peck Ming unearths some gems Chuang Peck Ming Extra hands for Elected President? THE President has more to do now that, following the 1991 Elected President Act, he has got to keep an eye on Singapore's reserves1,624 words
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Page 3 Advertisements
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Advertisement80 1992-02-29 3 IMf i Parfums Ckristian D lor would like to take this opportunity to express their gratitude to Hagemeyer for all the 1i years of effort given to the development of Parfums Christian Dior in Singapore. In view of this new development, we are pleased to aimounce the setup of the80 words
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ASIAN AEROSPACE '92
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Article, Illustration365 1992-02-29 4 Haresh Mehta - By Haresh Mehta SINGAPORE The future may see the joint production of a Russian-American fighter aircraft. The two former adversaries are currently studying the possibility of this venture. Russia's Sukhoi Design Bureau builder of the Sukhoi SU-27 fighter has had talks365 words
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Article, Illustration315 1992-02-29 4 SINGAPORE Economic Development Board chairman Philip Yeo yesterday opened two aerospace facilities costing a total of $44 million the Singapore Precision Repair and Overhaul Pte Ltd (S-PRO) and the Lucas Aerospace Customer Service Centre. The first of the two ceremonies yesterday was the opening315 words
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248 1992-02-29 4 Alec Almazan - By Alec Almazan SINGAPORE A jointventure agreement was signed recently between Italian aerospace company Alenia, the Chinese industrial group Rida, and the Hong-kong-based Dragon Base Investment for the maintenance and eventual production of air traffic control (ATQ systems in China. This was announced248 words
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265 1992-02-29 4 Selva Kumar - By Selva Kumar SINGAPORE Chartered Industries of Singapore (CIS) is likely to start producing a 155 mm Light Towed Howitzer (LTH) in about two years, once its UK-based partner completes tests on a prototype, said a CIS official yesterday. He was elaborating265 words
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Article, Illustration210 1992-02-29 4 SINGAPORE Chartered Industries of Singapore's (CIS) hand-held thermal imager, a joint development with Canada's Bendix Aveles, has been ordered by an unnamed buyer. CIS sources told BT that a contract for "hundreds" of the thermal imager was signed on Thursday. The thermal imager is210 words
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SINGAPORE NEWS
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439 1992-02-29 5 Colin Tan - By Colin Tan THE Urban Redevelopment Authority (URA) has once again rejected all bids for the hotel development site at Chinatown Junction. The 4,403 sq m site, located at the meeting point of South Bridge Road, Neil Road and Maxwell Road, had attracted439 words
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Article, Illustration404 1992-02-29 5 Hong Lee Tiam - By Hong Lee Tiam ALTHOUGH the Singapore garment industry has come out on top in competing with lower-cost manufacturers from other countries, it must not be lulled into a false sense of security by this success. Speaking at the opening ceremony404 words
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NEWS ROUNDUP
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112 1992-02-29 5 MOTORISTS can submit their bids for the next round of 4,758 available vehicle Certificates of Entitlement which include 965 unused ones from the previous tender. Tfie bids for April COEs, which will open on Monday, will cloSc on March 7 at 4pm. Bid112 words
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Article82 1992-02-29 5 EXACTLY 99.7 per cent of the 35,144 students who sat for the 1991 GCE 'O' level examination have been awarded certificates, according to a Ministry of Education statement yesterday. Of the private candidates who sat for the examine tion, 82 per cent were awarded82 words
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Article104 1992-02-29 5 QUEUES have been introduced at two more Mass Rapid Transit (MRT) stations Somerset and Tanjong Pagar. This follows the success of the system implemented at the Orchai'd station last November, a Singapore MRT statement said. As at the Orchard station, the queuing system at104 words
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317 1992-02-29 5 Dawn Tan - By Dawn Tan THE Norwegian authorities have won a six-month diplomatic struggle to interview Elyamani Khamis, former director of Marina Village International, in the Singapore courts. BT learns that Singapore's Minister for Law and Home Affairs, Professor SJayakumar, has responded personal- ly to317 words
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SHIPS IN PORT
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Article505 1992-02-29 5 jjaagj Voy Wo Berth Onwd Departure Vessel K»t N» B»Hi Oepartoe 8aUra > Sru Tin 'Bl» 1 M04 alongside 28.02/2300 aT^ 3 J2/3 2902/1000 BatvnMaiu *****2 M04 alongside 29.02/0500 Kwai« Han* 19/10 alow* 29.02/2300 Batamndo 1 165S M02 atongSKte 28.02/1900 Mount Act J5/6 29 02/1800 Blue Power505 words
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Article135 1992-02-29 5 jooore r on Berth: 1: Bunga Mas: 2: Ping Jiang; 3: ml; 4: United Glory; 5: Anangel Liberty; 6: ml. 01 jetty: Bum k, Permaidam. DC* ml. Due on Feb 2S: Nayfair 1, Swee Long Satu, Bomin. Iron Wi. Mahaja. Pernas Proton, Kota Machan, Barge Josindo Satu.135 words
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Article958 1992-02-29 5 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Bjlance Rttts Shp Voy No Etb/Btr Period From To From ACX Ruby 45A 01/0700 2 28/1700 29/0659 29/0900 3 29/0700 29/1159 29/1400 AKa Bfnjm 132S 01/0900 1 28/1500 28/1659 28/1900 2 28/1700 29/0659 29/0900 Anro Temasrt ***** 01/0800 2958 words
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COMPANY NEWS 1
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COMPANY BRIEFS
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108 1992-02-29 6 KUALA LUMPUR Bank Bumiputra Malaysia has cut its fixed deposit rates by 0.1 percentage point to between 7.9 and 8,05 per cent, effective yesterday. But the one-month deposit rate was left unchanged at 7.9 per cent, a spokesman said. The bank's base lending rate108 words
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Article46 1992-02-29 6 SINGAPORE Guthrie Manufacturing (S) Pte Ltd bought 32,000 more L&M shares at $1.66 apiece yesterday. Its parent, Guthrie GTS Ltd, with associated parties, now holds 24:67 million L&M shares, representing 36.88 per cent of the issued and paid-up capital of L&M.46 words
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Article95 1992-02-29 6 SINGAPORE The New Straits Times Press (Malaysia) Bhd said group net earnings in the first quarter ended Nov 30, 1991, rose 4 per cent, from a year earlier, to M$ 16.59 million (S$ 10.45 million) on the back of a 17 per cent jump in95 words
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Article58 1992-02-29 6 SINGAPORE Sistem Televisyen Malaysia Bhd yesterday posted net earnings of M 56.56 million (554.13 million) for the three months ended Nov 30, 1991. Group turnover totalled M 532.71 million, and group pre-tax profit reached M$ 10.32 million. Group earnings per share came to 15 sen.58 words
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Article78 1992-02-29 6 SfNGAPORE Palmco Holdings Bhd said group net earnings for 1991 leapt 115 per cent to M 59.10 million (555.73 million) from a year earlier, while group turnover climbed 29 per cent to M 5224.41 million. Operating profit at group level rose 86 per cent to78 words
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Article51 1992-02-29 6 SfNGAPORE AcidChem (Malaysia) Bhd reported that group net earnings for 1991 totalled MS 12.21 million, on a group turnover of M 560.52 million. Group operating profit was MS 12.64 million and earnings per share worked out to 28 sen. There was no comparative figure for the previous51 words
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Article60 1992-02-29 6 KUALA LUMPUR United Plantations Bhd reported an increase of 79.7 per cent in group pre-tax profit to M 527.13 million (SSI7 million) for the year ended Dec 31, 1991, against MS 15.10 million in the previous corresponding period. In releasing its unaudited preliminary results here today,60 words
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539 1992-02-29 6 Dexter Lee - By Dexter Lee SINGAPORE Underpinned by a buoyant shiprepair market and a host of higher value-added contracts, Jurong Shipyard has posted record group net earnings of $63 million for the year ended Dec 31, 1991. This represents a 25 per cent increase over539 words
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Article423 1992-02-29 6 Dexter Lee - MUMB reports 17pc rise in group net earnings By Dexter Lee SINGAPORE Malayan United Industries Berhad (MUI) has notched up higher group net earnings of M 544.26 million (5528.04 million) for the year ended Dec 31, 1991. This works out to an earnings per share (EPS)423 words
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578 1992-02-29 6 MBT KUALA LUMPUR Even as Tenaga Nasional Bhd releases its listing prospectus today, its forecast earnings will already appear too conservative. In fact, its earnings can run ahead of forecast by up to Ms4oo million (*****.8 million). This is due to earnings thatMBT - 578 words
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328 1992-02-29 6 Rahita Elias - By Rahita Elias SINGAPORE The Keppel Philippines Group has chalked up a 6 per cent increase in group attributable net profits to 84.4 million pesos (555.2 million) in the financial year ended Dec 31, 1991. The figure represents the group's profits328 words
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Article399 1992-02-29 6 Shoeb Kagda - Asia-Pacific likely to benefit from demand for overseas travel By Shoeb Kagda SINGAPORE Malaysian conglomerate Sime Darby Bhd, fresh from its US$45 million (5573.8 million) acquisition of the Sandestin resort in Florida, is preparing for the tourism boom that it expects will sweep this399 words
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251 1992-02-29 6 Bernama KUALA LUMPUR Malaysian Tobacco Company Bhd has reported a reduced group pre-tax operating profit of M 556.31 million (5535.7 million) for the year ended Dec 31, 1991, from M 568.74 million in the previous year. Announcing its audited results here yesterday, the company saidBernama - 251 words
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380 1992-02-29 7 Reuter HONGKONG China will continue to widen the scope of its experiment with securities markets this year, including introducing cross-regional stocks listing and studying the use of mutual funds, said Liu Hongru, vice-chairman of the State Commission for Restructuring the Economic Systems, yesterday.Reuter - 380 words
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Article346 1992-02-29 7 Philippine beer giant to spend 8b pesos on expansion Reuter MANILA Food and beverage conglomerate San Miguel Corp, which bucked a recession in the Philippines last year, has predicted brighter prospects for 1992 and 1993 and announced plans to spend up to 8 billionReuter - 346 words
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Article, Illustration369 1992-02-29 7 Reuter LONDON British Airways pic, its budding relationship with KLM Royal Dutch Airlines in tatters, is once again single and looking for eligible partners but the choice is running out fast, industry analysts say. Ideally, BA needs one with a US connectionReuter - 369 words
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238 1992-02-29 7 Reuter WELLINGTON New Zealand's Brierley Investments Ltd (BIL) said it is taking legal advice over how to stop the Commerce Commission making allegations over its shareholding in Air New Zealand. BIL chief executive Paul Collins said in a statement yesterday that the commission "clearlyReuter - 238 words
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267 1992-02-29 7 FT LONDON ICI, the UK chemicals giant, this week confirmed the world economy's gloomy state when it warned that the commodity chemical cycle might not pick up until next year, and a recovery was likely to be gradual. The company onFT - 267 words
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219 1992-02-29 7 AFP HONGKONG Hongkong's Wharf Holdings has teamed up with US-based Nynex Corp to form a firm seeking telecommunication investments in Asia, the company said Thursday. The new firm, called Wharf-Nynex Telecom Ltd, is 65 per cent held by Wharf, established in 1866, whoseAFP - 219 words
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COMPANY BRIEFS
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102 1992-02-29 7 AUCKLAND Magnum Corp Ltd said it has agreed to its Countdown grocery chain for a total of NZ$ 120 million' (S$ 106.8 million) to the Foodstuffs group of companies. Magnum, 27 per cent-owned by Brierley Investments Ltd, said last October it would sell102 words
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Article71 1992-02-29 7 HONGKONG CP Pokphand Co Ltd, responding la shareholders' concern about possible dilution of the company's earnings per share, has offered to buy back warrants or. extend their maturity. The board of directors offered to buy back the company's Dec 31, 1992, warrants at their closing price71 words
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Article74 1992-02-29 7 PARIS Italy's Agnelli family and its allies have bid 1,475* francs (*****.10) per share for all shares in French mineral' water company Source Perrier SA, the French stock changes association (SBF) said on Thursday. The SBF said in a statement that the bid from Exor74 words
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Article64 1992-02-29 7 ,f J 1 CALGARY, Canada Canadian Airlines International; reported 1991 losses of C 5161.7 million (*****.70) op revenues of Cs2.B billion, compared to 1990 losses of C 514.6 million on revenues of C 52.7 billion. The ney« follows by one week Air Canada's announcement of ~i64 words
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Article82 1992-02-29 7 MELBOURNE Mining and forestry group North Broken Hill Peko Ltd said staff cuts and cost controls should "be reflected in its profit for the second half to June 30, 1992. NBH Peko's net profit fell 24 per cent to A 542.06 milliafp (5551.7 million) in82 words
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Article50 1992-02-29 7 TOKYO Japan's government will not release stocks in Nippon Telegraph and Telephone Corp this fiscal yea£ Finance Minister Tsutomu Hata said on Thursday. Mr Hata told reporters it was difficult for the government tp release NTT stocks in the light of the sluggish stock market.50 words
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Article56 1992-02-29 7 r TOKYO Video games giant Nintendo is likely to exceed its November forecast for current profit in the year to March 31, 1992 and earn about 156 billion yen (SSI.9 billion) against an earlier expected ISS billion, a company spokesman said. It had a parent current56 words
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Article, Illustration642 1992-02-29 7 Rajendra Bajpai - MARKET TALK By Rajendra Bajpai NEW DELHI India's stock markets have climbed to peak levels on expectations that Finance Minister Manmohan Singh will continue his drive to open up the economy and will not impose harsh taxes in the new budget he is presenting642 words
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Page 6 Advertisements
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Advertisement170 1992-02-29 6 SingaPort 1992 To-date, Singapore's shipping and maritime technology has come off age. And to markthis maturity, Business Times W 6 pu^''sh ng SingaPort '92 Supplement on March 25.1992 to tie in VOM/ J with the official opening of SingaPort '92 International Maritime Conference and Exhibition(on till March 28). Bg* jh170 words
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Page 7 Advertisements
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Advertisement8 1992-02-29 7 Singapore's First Swinging Event Has Just Teed Off.8 words
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FINANCIAL NEWS
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425 1992-02-29 8 Reuter TOKYO In a sweeping financial reform, Japan is likely to allow banks to acquire majority stakes in brokerage houses which are facing their worst crisis for 30 years, officials and banking industry sources said. •Under the present system, established moreReuter - 425 words
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253 1992-02-29 8 Reuter NEW YORK Merrill Lynch Co's junk bond sales and trading department are being investigated by the Securities and Exchange Commission and the US Attorney's Office, Business Week magazine has reported. An article in the March 9 issue says that investigators are lookingReuter - 253 words
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268 1992-02-29 8 Reuter NEW YORK After disgraced financier Michael Milken is done paying US$l.l billion (SSI.B billion) for his financial fraud crimes, he will be left with a personal fortune of at least US$l25 million, lawyers said on Thursday. The proposed settlement will cost MilkenReuter - 268 words
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570 1992-02-29 8 Reuter LONDON Royal Insurance Holdings pic, one of the leading UK insurers, plunged further into the red due to the recession and passed its dividend. "This result must be viewed as very disappointing," chief executive Richard Gamble said in a statement.Reuter - 570 words
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253 1992-02-29 8 Reuter ZURICH Union Bank of Switzerland said it was enhancing its dividend by issuing free options giving shareholders the right to subscribe for shares. The bank, Switzerland's largest, also announced a five-for-one share split designed to raise the liquidity of its shares. TheReuter - 253 words
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Article, Illustration360 1992-02-29 8 S N Vasuki - By S N Vasuki SINGAPORE Though Asian economies are expected to register a slowdown this year, a senior Citicorp official has expressed confidence that its highly profitable consumer banking business in the region will continue to perform well. Richard Braddock, Citicorp's president, who is in360 words
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Article, Illustration549 1992-02-29 8 DBS Bank weekly currency review USD/DMK: inverse bead and shoulders pattern After completing an inverse head and shoulders pattern, the US dollar traded to a high of 1.6647 marks on Monday before correcting sharply to 1.6300 on Tuesday. It staged another rally on Wednesday549 words
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Page 8 Advertisements
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Advertisement554 1992-02-29 8 Jurong Shipyard Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Directors of Jurong Shipyard Limited are pleased to announce the following unaudited results of the Group and the Company for the year ended 31 December 1991: Company Group 1991 1990 1991 1990 $'000 $'000 $'000 $'000 Turnover 432,145 375,453554 words
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THE REGION/THE WORLD
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612 1992-02-29 9 Maggie Ford - Tomorrow's jams may be repeated during March's traffic trial plan From Maggie Ford in JAKARTA WHEN half a million Indonesians converge here for a major rally tomorrow, Jakarta will have a preview of the snarl-up that could take place when a trial plan612 words
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486 1992-02-29 9 Reuter BEIJING China's gross national product (GNP) grew by a healthy 7 per cent in 1991, but Beijing's moribund state sector needs shock reforms to keep growth on track. In a report on China's overall economic performance in 1991, State Statistical BureauReuter - 486 words
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Article, Illustration354 1992-02-29 9 AP HONGKONG China has approved a bold land development project in the southern island province of Hainan that had been backed for years by deposed Communist Party secretary Zhao Ziyang, official Chinese media reported on Thursday. According to the China NewsAP - 354 words
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293 1992-02-29 9 Reuter LONDON Britain's trade deficit widened sharply in January with the global economic slowdown, in particular Europe, hitting exports hard. David Owen, UK economist at Kleinwort Benson, described the figures as appalling. "The deterioration is mainly down to the slowdown inReuter - 293 words
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327 1992-02-29 9 Reuter MOSCOW Russia hammered another nail in the coffin of communist central planning on Thursday, pledging to lift most remaining price controls in March and lobbying for a big quota when it joins the International Monetary Fund. The decision to free almostReuter - 327 words
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373 1992-02-29 9 Reuter MANILA The Philippines said yesterday it will launch a new cash buy-back of up to US$l billion (551.64 billion) of its commercial debt as part of a major restructuring of its overseas borrowing. The Philippine central bank said most of the debtReuter - 373 words
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WORLD WATCH
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107 1992-02-29 9 SAN ANTONIO President Bush, after meeting MexicafC* President Carlos Salinas de Gortari, said his hopes had been raised that the two countries could overcome remaining problems and reach a free trade agreement this year. Although the issue of open trade with107 words
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Article98 1992-02-29 9 MANILA Vietnam said yesterday it would welcome 1 talks on security with Asean countries after the forces of the former Soviet Union withdraw from the area and a USmilitary presence in South-east Asia is scaled back. Viet-.-' namese Foreign Minister Nguyen Manh Cam told reporters i98 words
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Article87 1992-02-29 9 BELGRADE President Slobodan Milosevic of Serbia, who led his republic into deadly conflict with Croatia As Yugoslavia collapsed, declared the war over on Thursday. In only his third speech to Serbia's parliament since his election in December 1990, Mr Milosevic also acknowl- edged for the first87 words
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Article67 1992-02-29 9 NEW YORK The recording industry hopped on the". environmental bandwagon on Thursday, saying it will elim- inate excess cardboard packaging of compact discs within a year. The disposable cardboard "long box," which has been used to package and market CDs, will be stripped off,' leaving67 words
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357 1992-02-29 9 BANGKOK The country's 7 per cent value-added tax rate is too high, according to military chief General Suchinda Kraprayoon, who believes more people would be prepared to cooperate if the tax rate is lowered. But the Army chief told the Bangkok Post in357 words
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Article, Illustration91 1992-02-29 9 SAN ANTONIO, Texas Government leaders attending a drug summit here posing for a group photo onThursday. From left: Cesar Gaviria, Colombia; Jaime Paz Zamora, Bolivia; Rodrigo Borja, Ecuador, George Bush, US; Carlos Salinas, Mexico; Alberto Fujimori, Peru; and Dr Armando Duran, representing Venezuelan President Carlos Andres Perez,91 words
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511 1992-02-29 9 Economic policy-makers worldwide see signs of confidence Reuter PARIS To US Federal Reserve chief Alan Greenspan they are "stirrings". For British Chancellor of the Exchequer Norman Lamont they are "the green shoots of economic spring". Around the world, economic policy-makers are peering intently through theReuter - 511 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3692 1992-02-29 10 Claire Leow - By Claire Leow AHEAD of the release of the Singapore Budget yesterday, the Straits Times Industrial Index closed 5.52 points higher at 1,477.43 on late bargain hunting. Market sentiment got a strong boost from news of Jurong Shipyard's record earnings, which came on3,692 words
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Article, Illustration68 1992-02-29 10 Chew Eng Han - S3 By Chew Eng Han Comment WITH 13-day RSI at 20 and daily stochastics at about 10, downside looks limited for the time being. This stock should be a buy on dips for the short term. Support is at $135, which should hold for a rebound to $135,68 words
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Article2881 1992-02-29 11 FAN 1020 +25 +2.5* i [or Wt 330 +18 +5.8% DBS IIS +0.9% FHiW 555 +J0 +18* OIlRWt 156 +10 +6.8* SK 8 >•» :s :?j* Spore Bus 500 625 +10 +1.6* City Dev 50* 396 8 2.1* DBS Land Wt 88 T° +10.0* □nr2,881 words
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Page 11 Advertisements
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Advertisement9 1992-02-29 11 SingaPort '92 A special BT supplement March 25, 19929 words
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Article3236 1992-02-29 12 M Banking 305 +13 +2.6% Geniings 50* 825 +10 +1.2% Berjaya Leisure 136 +4 +3.0% Guinness 50* 340 4 +1.2% KL Kepong 247 +4 +1.6% MAS 462 +4 0.9% Paramount 86 +4 +4.9% Tan Chong 50* 213 +4 +1.9% Sateras Res 58 Vi +6.4% H3,236 words
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Page 12 Advertisements
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Advertisement84 1992-02-29 12 OF FK E The Straits Times (April 6,1992) T Nov/s your chance to advertise in a special feature that will enhance your products or services.. .and to reach out to your target audience effectively. Our feature on MODERN OFFICE is geared to attract a brge number of readers with its84 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5072 1992-02-29 13 Bernama SHARE prices in Kuala Lumpur recovered part of their earlier losses to close mixed yesterday on bargainhunting and short covering in the afternoon. However, activity remained thin as key investors stayed on the sidelines ahead of the weekend. The KLSE CompositeBernama - 5,072 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2135 1992-02-29 14 Reuter SHARE prices ended slightly higher yesterday as property giant Bangkok Land hit its 10 per cent ceiling, nudging the stock index up. The SET index ended 2.67 points higher at 782.85 on turnover of 9.48 billion baht. Declines outnumbered advances by 117Reuter; SOURCE: PONT DATA - 2,135 words
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JAKARTA STOCK EXCHANGE
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1105 1992-02-29 14 JAKARTA shares prices ended little changed yesterday in half-day trading, with the index edging up 0.85 point to 280.99, brokers said. •t They said many local investors were active in the market. Total turnover rose to 5.65 million shares compared with Thursday's 3.53 million.1,105 words
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Page 14 Advertisements
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Advertisement8 1992-02-29 14 Executive Jobs every Saturday in Business Times d8 words
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Advertisement261 1992-02-29 14 BUSINESS TIME S Toll free TO No 737 0Q43 Fax No: 734 36Q8 IN THE MATTER Of THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF TAJ YANG PRIVATE UMITEO /I—. n-»- (in MtmDrl fOtuniary WVx*og-Op) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, (Chapter261 words
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Advertisement303 1992-02-29 14 M THE MATTER OF THE COMPANIES ACT, CAP. 90 I AND M THE MATTER Of LOCKHEED AMCftAFT SERVICE SMGAPORE PMVATE UMTTEO (In Members' Voluntary FMALMEETMG Notice is hereby given, in pursuance of Section 308 of (he Companies Act. Cap. SO. that the FINAL GENERAL MEETING of the members of the303 words
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Advertisement238 1992-02-29 14 Athe companies act, A CAP. SO ANO M THE MATTER OF GOOOWAY ENGMEERMG PTE LTD (MEMBERS' VOLUNTARY WBMMNG-UP) At an Extraordtaary General Meeting of the Mombers of Good Way Engineering Pie Ltd duly convened and held at 2 Fintayson Green #12-03 Asia Insurance Building Singapore 0104, on the 28th day238 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2455 1992-02-29 15 Reuter TOKYO stocks ended mixed after a day of snail-like movement yesterday. Brokers said hopes for lower interest rates thwarted sellers, but the dearth of factors, low volume, and political and economic uncertainties enervated buyers. "Politicians keep calling for a rate cut, and peopleReuter - 2,455 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2390 1992-02-29 15 Reuter SHARE prices on the Hongkong Stock Exchange yesterday drifted off from morning highs as local retail investors moved to take profits on selected blue chips and second liners following the Hang Seng Index's 100-point advance on Thursday. The Hang Seng ended 33.93Reuter - 2,390 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2221 1992-02-29 16 Reuter SHARP falls in key industrial stocks forced the Australian share market down to close near its lows. Volume was high but related to a large number of option expiries and brokers reported little buying support, either domestic or from overseas. "It seems theReuter; SOURCE: PONT DATA - 2,221 words
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REGIONAL STOCK MARKETS
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Seoul stock index plunges below 620 level
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Article791 1992-02-29 16 SEOUL'S stock index fell sharply through the 620 level yesterday as investors' pessimistic sentiment continued to further depress the market. The composite stock index closed 9.37 points down at 614.99 at the end of the session. Losers outpaced gainers 436 to 316 with 81 unchanged on turnover of 303.9791 words
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Article503 1992-02-29 16 THE Taiwan stock index ended higher yesterday after wavering in a small range as investors took a second look at the market after previous volatile trade, brokers said. The weighted index gained 12.47 points to close at 5,031.69 compared with Thursday's 5,019.22 finish. Turnover fell to NTS27.B billion from503 words
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Article531 1992-02-29 16 SHARE prices in Manila fell yesterday as negative technical factors in the market drove investors to the sidelines amid fears that another prolonged de- cline may last for nearly two months. The Manila Stock Exchange composite index shed 17.44 points, diving below the 1,200-point resistance level to end the531 words
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Article227 1992-02-29 16 NEW ZEALAND shares ended on a slightly weaker note yesterday, with selling in Fletcher Challenge and Brierley Investments being partially offset by buying in Telecom. The NZSE-40 capital index was 1.91 points lower at 1,493.21, on turnover worth NZ$27 million. FCL ended the day at NZ53.33, down five227 words
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Article53 1992-02-29 16 INDICES TURNOVER Clow PwvtMi Feb 28 NEW ZEALAND NZSE-40 Capital yiyii f 1.493.21 1.495. II •1.91 WArllLA Composite Index I.IS3.67 1.201.II -17.44 Turnover (million) 662.9 63S.S +27.1 TAIPEI Weighted Price Index 3.031.69 5.019.22 1147 Turnover (NTS billion) 27.8 37.5 -9.7 SEOUL Composite Stock Index 614.99 624.36 -9.37 Turnover (billion won)53 words
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WORLD STOCK MARKETS
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NY stocks end mixed in flat trading
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Article, Illustration1406 1992-02-29 17 STOCKS closed mixed in directionless trading on Thursday as profit-taking kept the Dow from extending Wednesday's rally and reaching the elusive 3,300 mark. The Dow Jones Industrial Average, which jumped 25.49 points to a record high of 3,283.32 on Wednesday, fell back 13.87 points to 3,269.45. "It's a1,406 words
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Article469 1992-02-29 17 Other markets in Europe, South Africa and Canada Jonannesmirg Feb 27 Rand INDUSTRIALS A Alpha 4050 50 AECI 975 unch AMIC 7500 unch Abercom 125 Amaprop 720 unch BAZ 1300 Barlows 5550 25 Basil Strk 20 Blyvoor 650 50 CG Smith ***** unch Cnagalo 2650 50 Curfin 690 unch Edgars469 words
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Article, Illustration882 1992-02-29 17 DISAPPOINTING corporate news pushed share prices lower on the London Stock Exchange on Thursday, although hopes for an interest rate cut and firmness on Wall Street help brake losses. The blue-chip Financial Times Stock Exchange 100-share index, which rose 18.2 points on Wednesday, fell 3.0 points to close at882 words
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Article257 1992-02-29 17 THE Frankfurt stock market was firm on Thursday, as the DAX spot trend index closed at 1,749.9 points, up by 0.7 per cent on the day and the year's closing high to date. The Commerzbank indicator also rose by 0.7 per cent, breaking up through the 2,000-point level to257 words
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Article297 1992-02-29 17 THE Paris Bourse ended up with prices slightly higher on Thursday, as the market opened with a good gain, dropped into negative territory, and then staged a rally to closer a bit higher. The CAC-40 stock price index was up by 0.74 per cent at the opening, moved up297 words
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Article308 1992-02-29 17 ITALIAN shares closed weaker but off their lows with attempts to trigger a technical rally in the market failing to meet any substantial follow-through. Brokers said traders bought selected shares that have been heavily sold recently in a bid to boost prices and trigger a round of short-covering. "But308 words
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Article140 1992-02-29 17 PRICES on the Stockholm bourse closed higher in relatively active trade following overnight gains on Wall Street, dealers said. The bourse general index rose 0.97 per ccnt to 927.36 in turnover of 502 million crowns. One dealer said it looked as if investors had welcomed a reason to let140 words
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Article292 1992-02-29 17 TORONTO stocks ended little changed as gains in gold shares countered loses in the metals and minerals sector. Most other sectors ended unchanged. Analysts said the market was digesting Wednesday's 35-point upturn following the release of the Federal Budget. The TSE 300 composite index officially closed up 3.62 points292 words
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Article288 1992-02-29 17 BLUE chips led Belgian shares higher on Thursday after a session of steady gains, fuelled by expectations of interest rates. "The rise is in anticipation of lower rates. A half a per ceat drop could boost the bourse 10 p<r cent," said one dealer. The Bel-20 index of leading288 words
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Article71 1992-02-29 17 INDICES TURNOVER NEW YORK Close Previous Feb 27 Dow Jones S&P 500 Turnover (million) 3,269.45 3,283.32 413.86 415.35 215.12 241.5 -13.87 -1.49 -26.38 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,986.7 2,002.9 2.562.0 2.565.0 544.2 548.6 -16.2 -3.0 -4.4 FRANKFURT DAX Index 1,749.9 1.737.27 +12.63 AMSTERDAM EOE Index unav71 words
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Page 17 Advertisements
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Advertisement20 1992-02-29 17 The market reports from Amsterdam, Zurich and Johannesburg were not avntfeMe Advertising Marketing in Business* Times t-\ A every Thursday;20 words
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CURRENCY, MONEY & FUTURES MARKETS
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1166 1992-02-29 18 REPORTS IMS- Tokyo: The US dollar was little changed in quiet late Asian trading as both sellers and buyers refrained from taking positions before the weekend. "How long the present consolidation will last depends on the forthcoming US unemployment and trade1,166 words
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Article376 1992-02-29 18 CfSS rates Feb28 USI S$ M$ Dm Yen SFr A$ NZ$ USS 1.6400 2.5890 1.6390 129.30 0.5682 1.4830 1.3263 1.8248 SS 0.6098 1.57*7 0.9994 78.8415 0.3465 0.9043 0.8087 1.1127 MS 0.3862 0.63 0.6331 49.9421 0.2195 0.5728 0.5123 0.7048 Dm 0.6101 1.0006 1.5796 78.89 0.3467 0.9048 0.8092 1.1134376 words
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Article534 1992-02-29 18 Interbank rates SS BM Offer Overnight 3 5/8 3 3/4 1-month 3 1/4 3 3/8 2-month 3 5/16 3 7/16 3-month 3 3/8 3 1/2 Overnight mode: 3-1/8 USE BM Offer 7 days 4 1/8 4 1/4 1 month 4 3/16 4 5/16 2 months 4 1/8 4534 words
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306 1992-02-29 18 Reuter SYDNEY A smooth ride to firmer ground is the likely medium-term fortune for the Australian dollar, which has put political upheaval and a confidence crisis behind it. But some analysts said conditions could become bumpy for the dollar if Prime Minister Paul Keating'sReuter - 306 words
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Article255 1992-02-29 18 Reuter BERLIN Germany's Treuhand privatisation agency said it plans to issue at least 15 billion marks (S$ 14.9 billion) in bonds this year, the first time the government authority has tapped this long-term debt market. Paul Hadrys, Treuhand director for finance, said commercial paper, moneyReuter - 255 words
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Article1162 1992-02-29 18 SjjjEX nnnMMni/w Open High Low Sett Est Vol Op/Int Voi Mar 92 95.79 9181 9177 95J8 2300 ***** 2333 Jun 92 95.55 95.58 95.54 95.54 ***** ***** ***** Sep 92 95.23 95.25 95.21 95.22 5200 9647 4923 Dec 92 94.63 94.63 94.56 94.57 2100 6257 4900 Mar 931,162 words
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Page 18 Advertisements
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Advertisement7 1992-02-29 18 Enterprise Management in Business Times every Monday7 words
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COMMODITIES
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409 1992-02-29 19 Reuter SINGAPORE Oil product swaps are gaining popularity in Asia as more refiners, endusers, traders, brokers and financial institutions cast their eyes at contemporary tools to manage price risk, trade sources said. "Swaps have added a new dimension to the products market inReuter - 409 words
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Article, Illustration176 1992-02-29 19 Reuter LONDON Platinum's already flagging 1992 advance finally ran out of steam this week as the US and Japanese economies, on whose health it depends, sent clear signals of weakness. A plunge in US consumer confidence to its lowest in 17 years and predictions that Japan'sReuter; Source: Knight Ridder - 176 words
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835 1992-02-29 19 REPORTS THE price of tin on the Kuala Lumpur Tin Market dropped another sen to close at M 514.12 per kg on heavy selling yesterday. Dealers said the market was dominated by miners who were keen to dispose their stocks ahead of835 words
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Article1392 1992-02-29 19 IfUPOer Feb 28 ■MCI* In Mm) ScentVkg Noon Close Int I RSS Prompt I32.7V133.75N I33.2V134.25N Int 1 RSS Mar 92 I32.7VI33.75 I33.2V134.25 lot 1 RSS Apr 132.50/133.00 133.00/133.50 Int 2 RSS OP 130.50/131.50N 131.00/I32.00N Int 3 RSS OP 130.00/131.OON 130.50/131.SON Int 4 RSS OP I28.OO/129.0ON 128.50/I29.50N Int 5 RSS1,392 words
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Page 19 Advertisements
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Advertisement8 1992-02-29 19 Personal Finance Investment in Business Times every Saturday8 words
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Advertisement892 1992-02-29 19 BUSINESS TIMES Toll tree Tel No 737 0043 -Fax No: 734 3606 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of PLEASURE A LEISURE CRUISE MANAGEMENT PTE LTD (Incorporated hi the Republic ofStngapnrc) At an Extraordinary General Meeting of the members of PLEASURE A LEISURE892 words
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466 1992-02-29 20 William Chia - Contracts may total up to USs3oom by closing time today From William Chia in LANGKAWI THE first conference of the Institute of South-east Asian Business (Asean Institute) has resulted in the signing of six in-principle business agreements among its members worth between US$l5O466 words
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498 1992-02-29 20 Bernama SYDNEY Australia's business leaders yesterday threw their collective weight behind Prime Minister Paul Keating's belief that this country's economic future lies in Asia. Speakers at the Business Council of Australia's national business summit unanimously echoed Mr Keating's sentiment that Australia shouldBernama - 498 words
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Article, Illustration404 1992-02-29 20 AP TOKYO Urgent budget debate stalled for the second time yesterday over opposition demands that an ally of ;Prime Minister Kiichi Miyazawa testify to fellow lawmakers on his involvement in a bribery scandal. Two members of the leading opposition Socialist party, .meanwhile, acknowledgedAP - 404 words
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274 1992-02-29 20 Reuter SINGAPORE Indonesia b likely to follow Singapore's example and allow the US nary and air force more access to its facilities, but it will proceed with caution, a senior Indonesian military officer said yesterday. Vice-Admiral Soedibyo Rahardjo, Chief ofReuter - 274 words
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272 1992-02-29 20 AFP TOKYO Japan's current account surplus soared from US$45 million (5573.9 million) a year earlier to US$3.l billion in January but was down from the record US$lO.l billion in December, the Finance Ministry said yesterday. The increase in the surplus comprising trade inAFP - 272 words
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158 1992-02-29 20 AFP HANOI Vietnam yesterday re-affirmed its claim to the Paracel and Spratly islands, implying that China had violated an agreement to leave the issue alone. "The Paracel and Spratly archipelagos belong to the sovereignty of Vietnam," a Foreign Ministry spokesman said, when asked toAFP - 158 words
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Article, Illustration369 1992-02-29 20 Lee Han Shih - Bjf Lee Han Shih SINGAPORE After 17 years of heading Singapore's defence forces, LieutenantGeneral Winston Choo Wee Leong is leaving for the private sector. Gen Choo, 51, will become chairman of Chartered Industries of Singapore (CIS) on July 1. He will be succeeded by369 words
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242 1992-02-29 20 Reuter TAIPEI Taiwan, seeking to protect its huge investments in South-east Asia in the absence of diplomatic ties with national governments, signed an investment guarantee pact with the Philippines yesterday. The pact ensures Taiwanese investors will receive fair treatment in the Philippines and givesReuter - 242 words
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241 1992-02-29 20 Reuter JERUSALEM Israeli troops on routine patrol shot dead a Lebanese soldier in the anti-guerilla buffer zone they control in south Lebanon, military sources said yesterday. Israel expressed regret over the soldier's death, which security sources said looked like a mistake. ItReuter - 241 words
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Page 20 Advertisements
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Advertisement6 1992-02-29 20 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement46 1992-02-29 20 CHARTPOINT Every Saturday in Business Times CONVERSATIONS I RAFFLES i l i'"' -v IgwßalMSEßwßr' KKEn&BT Hfc. Find out why Tom Haltsma, the president of the Singapore International Chamber of Commerce, is so loath to leave this Island. In Executive Lifestyle today. Don't miss It! Business Times46 words
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Executive Lifestyle
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Article, Illustration1228 1992-02-29 21 Susan Tsang - Christie's hopes to rekindle the Nanking cargo craze with the auction of the Vung Tao cargo in April. Susan Tsang looks at the concept of buried treasure and asks if a premium is being paid for romantic appeal Susan Tsang THE IDEA of finding lost treasure has always1,228 words
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STRAWS IN THE WIND
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Article68 1992-02-29 21 A REPORTER assigned to interview one of the singers of the rock group Tania submitted a form to the photo department for a photographer to come along. On the form, she specified that the photographer meet her at Anywhere, at 3.30pm. At 3pm, someone from the photo department called68 words
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Article38 1992-02-29 21 SPOTTED in the cabin of an Asian airliner was a sign that said "No Smoking. Fine $500". The sign was situated; just above an ash tray. Could* someone have put it there as an afterthought?38 words
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Article41 1992-02-29 21 WHEN Natalie Cole won a Grammy for her electronic duet with the late Nat King Cole, one cynic was prompted to quip: "Politicians need ghostwriters to help them make award-winning speeches. Now, crooners need ghostsingers to help them win awards.**41 words
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Article81 1992-02-29 21 YOLTve heard of fortune tellers in Hongkong. How about a string untangier? An unattached young woman who was visiting the colony recently was advised to consult this woman who had special powers to mend love lives, when asked how she did it, this reply came: "Oh, it's81 words
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OPINIONS
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1469 1992-02-29 22 Benny F H Lee - For Benny F H Lee, the most important event of 1991 is the arrival of the Pacific Century, heralded by the coming of age of Japan Benny F H Lee The writer is a regional director of a multinational company in Singapore IN1,469 words
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923 1992-02-29 22 AJ Leow - AJ Leow examines the relevance of history for Singapore AJ Leow The writer is a BT journalist JVr i HE 50th anniversary of tv* I the fall of Singapore seems *> I M. to have opened up a few veins, judging by923 words
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685 1992-02-29 22 Ong Kin Seng - Ong Kin Seng I REFER to the article "For the love of art" by Simone Vaz (Feb 22-23 weekend issue). I am very disappointed after a collector and a gallery owner rang me up to ask me why my paintings had gone down685 words
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372 1992-02-29 22 Sara Tay - Sara Tay I AM dismayed by the Ministry of Labour's decision to increase the foreign maid levy and annoyed at how it's trying to justify its action. I can understand the ministry's concern over the 20 per cent increase in the number372 words
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Article247 1992-02-29 22 Tan Kia Koon - Tan Kia Koon ON the matter of Mandarin and dialects, I would like to say that there are certain catch-phrases, words of wisdom that may be peculiar or exist only in a particular dialect. As I happen to be a half-centu-ry-old Hainanese, may I share247 words
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429 1992-02-29 22 George Seow - George Seow I WRITE to congratulate SBC for having screened Between Empires. I think that it is useful for our people, especially the younger generation, to realise what their elders have gone through. The Japanese people themselves have highlighted atrocities committed by429 words
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PROFILE
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Article, Illustration2062 1992-02-29 23 Margaret Thomas - CONVENTIONS Tom Haitsma sounds almost Singaporean not in the way he speaks but in what he says. Margaret Thomas finds out why this Dutch businessman chooses to identify himself with Singapore Margaret Thomas TOM HAITSMA does not want to leave Singapore. Not just yet, not when the shapingPhoto by Arthur Lee - 2,062 words
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PURSUITS
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Article, Illustration624 1992-02-29 23 Susan Tsang - Lack of financial backing, strong currents and sea-snakes were just some of the obstacles Sverker Hallstrom came up against in his search for the Yung Tau cargo, reports Susan Tsang Susan Tsang SVERKER Hallstrom has always loved the sea. He started off running supply boats624 words
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Article223 1992-02-29 23 THE auction catalogue can be seen at the Christie's office in Neil Road. With 28,000 pieces on sale, the catalogue contains brief descriptions of each lot and only carries one representative photograph of identical lots. However, anyone interested in a particular lot can inform the Christie's office,223 words
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SPORTS
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Article, Illustration415 1992-02-29 25 AP JOHANNESBURG Nigel Mansell and Ayrton Senna clocked the fastest practice laps on Thursday in preparation for the start of the Formula One Grand Prix season, which returns to South Africa for the first time in seven years. Mansell, racing in hisAP - 415 words
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Article126 1992-02-29 25 AP ROTTERDAM Dutchman Jan Siemerink played a confident game to upset topseeded Swede Stefan Edberg in straight sets in the second round of the ABN tennis tournament on Thursday. Siemerink, ranked 42nd in the ATP Tour, lost his first service game against the world's second-rankedAP - 126 words
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566 1992-02-29 25 AFP AP VALENCIA, Spain France's Eric Giraud was the surprise first round leader of the Mediterranean Open here on Thursday, after world number one lan Woosnam had stormed angrily from the course after scoring 74. Giraud, the 22-year-old son of St Cloud professionalAFP; AP - 566 words
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SIDE LINES
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119 1992-02-29 25 SINGAPORE Overnight leaders Ken Mattiace and Perry Moss could not keep up their play on the second day of the Singapore Epson Open Golf Tournament yesterday. Mattiace shot a one-over-par 72 and Moss returned with 73, to slip to fifth and ninth respectively. Tied for119 words
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Article64 1992-02-29 25 SCOTTSDALE, Arizona No 4 seed Alberto Mancini of Argentina started slow, but overcame a twisted ankle to beat countryman Gabriel Markus 4-6, 6-4, 6-2 on Thursday in the second round of the Purex Tennis Championships. Fifth-seed- ed MalVai Washington got past Peruvian Jaime Yzaga 6-4,' 6-3 and64 words
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Article90 1992-02-29 25 HOBART Imran Khan remains under an injury cloud as his Pakistanis, victors over Zimbabwe here on Thursday, move on to face new World Cup cricket favourites England in Adelaide tomorrow. All-rounder Imran, nursing a right shoulder injury, missed Pakistan's opening match against West Indies which his side lost90 words
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Article59 1992-02-29 25 BRISBANE Wicket keeper lan Healy has made rapid progress after suffering a hamstring injury on Wednesday and Australia will not be seeking a replacement for the remaining World Cup matches. Captain Allan Border said yesterday: "He's come up really good and hopefully will be fit for Sunday. At59 words
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Article57 1992-02-29 25 WAILEA, Hawaii Cindy Rarick's 7-under-par 65 on Thursday vaulted her into a three-way tie for the lead midway through the second round of the women's Kemper Open. Combined with her opening round of 73, Rarick's two-day total of 6-under 138 left her tied with defending champion57 words
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Article107 1992-02-29 25 UNITED NATIONS The Security Council's sanctions committee insisted at a closed-door meeting on Thursday that Iraq cannot import table tennis balls from Vietnam, despite a cry of foul from Baghdad. "To engage in sport and games has always been a basic need for all peoples, and107 words
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PEOPLE
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Article, Illustration357 1992-02-29 25 ABOUT 1,000 people attended a dinner at the Orchard Hotel last Sunday to honour Senior Minister Lee Kuan Yew. Members from 14 Rotary Clubs in Singapore gathered to confer upon Mr Lee the Paul Harris fellowship, named after the lawyer who founded the Rotary movement in 1905.357 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration945 1992-02-29 26 S N Vasuki - S N Vasuki finds out from investment strategist David Fuller why he believes a global meltdown in share values is inevitable in 1992 S N Vasuki SOMEWHAT to my surprise and mild amusement, I clocked up my 50th birthday on Feb 13. That isSource: Telerate - 945 words
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Article302 1992-02-29 26 FT A STUDY of how institutional investors in the United Kingdom and United States invest in continental equities reveals marked difTcrcnccs between the two centres. The survey was carried out late last year by Makinson Cowcll, the investor relations consultancy, and the Financial Times newspaper.FT - 302 words
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Article, Illustration581 1992-02-29 27 Chew Eng Han - Low yields, the current economic slowdown and the surge in the US$ are strong reasons for moving away from the Singapore currency, reports Chew Eng Han Chew Eng Han WITH interest rates hovering just above 3 per cent, the Singapore dollar currentlySource: Telerate - 581 words
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1150 1992-02-29 27 Kooi Cho Teng - ON YOUR By Kooi Cho Teng THERE are myriads of opportunities awaiting consumers with excess funds. Putting your money into stocks and shares, gold, commodities &nd property are but a few of the options to choose from. The low yields1,150 words
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Article, Illustration540 1992-02-29 27 Najeeb Jarhom - JHART By Najeeb Jarhom The writer is research manager of Fraser Securities THIS week's sharp fall in Singapore share prices stems from investors' perceptions that Malaysian stocks will be taking the lead after a long break since mid-1990. Thus a fair amount540 words
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EPICURE
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Article448 1992-02-29 28 Ouek Swee Peng - Quek Swee Peng wanders into a new Chinese restaurant at a new building in town Ouek Swee Peng The legendary Beggar King, as portrayed in period films, relished culinary crusades in the Emperor's kitchen. There, amid the sprawling stoves and gigantic woks, he ransacked the pots and448 words
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LIFESTYLE
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Article, Illustration558 1992-02-29 29 Cheryl Liew - Cheryl Liew is treated to a revised, reduced and irreverent version of Shakespeare's plays Cheryl Liew IF YOU are a Shake- speare purist, stay away from the Re- I duced Shakespeare 1 Company. You might suffer the indignity of having < a sneaker thrown at you. I558 words
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JOBS
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Article, Illustration1223 1992-02-29 30 Prema Jayakumar - Stop blaming the tight labour market for problems like employee turnover, insubordination and wrong attitudes. Instead of merely reacting to a particular set of circumstances, employers should adopt an action-oriented approach, advises Prema Jayakumar Prema Jayakumar THE applicant for the Sales Officer's position came forSource: Robert Mankoff - 1,223 words
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Article, Illustration536 1992-02-29 30 The Japan Senior Citizens Welfare Association is publishing a free monthly flier with ads targetted at workers aged 50 and over Asahi A NON-PROFIT organisation will publish a free monthly flier carrying classified ads specifically targetted at senior citizens, starting in March in Tokyo.Asahi - 536 words
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Article, Illustration370 1992-02-29 30 Mr Daniel Perel has been appointed Managing Director for the Piaget and Baume Mercier Group of Companies in the Far East region. Prior to his present position, Mr Perel was the Deputy Managing Director of the Japanese subsidiary of Carrier. Mr Perel is a business graduate from one370 words
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Article1167 1992-02-29 31 City HUM ETA flight CTD City Flgtrt ETA FHgM ETO HmWkm GA971 0960 *"-1642 1220 SQ106 1045 W* QP8 2010 QF82 2115 SQ 109 1405 mh641 1315 SQ227 2130 MH607 1450 SQ110 1445 *M«*4m S019 0805 SQ24 0115 BR2I7 1610 MH608 1540 KL837 1340 KL838 23251,167 words
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THE TRAVEL PAGE
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Article, Illustration565 1992-02-29 31 Michael Stott - LETTER FROM RIO By Michael Stott THE samba drums are already beating, the girls from Ipanema are trying on their ballgowns and Rio is gearing up for its traditional Carnival celebrations. One thing's missing. Foreign tourists, once a mainstay of the event and a major565 words
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Article150 1992-02-29 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2306 1.2473 Canadian dollar 1.3760 1.4040 NZ dollar 0.8880 0.9238 Sterling pound 2.8737 2.9127 US dollar 1.6360 1.6420 Local dollars to 100 uits of foreign currency Austrian schilling 14.06 14.3S150 words
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Article50 1992-02-29 31 Duration Title Venue Organiser Td Duration Title Venue Otpuiaer Td Mar 28- InternatioMl Ban, luly Fiera Del <39)80/*****2 April Jnje™tional Yu>odavia (38)41/*****6 April 5 Fair for Leisure, Lcvtntc Days of Tounsm Vales^am Sports A Tourism April 7-12 Internationa] Helsinki, The Finnish Fair *****)091 Building Fair Finland Corporation50 words
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TIME OFF
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Article298 1992-02-29 32 SSO *>orlrn Music ••V wl W9 WRVVI %m ITVU9IV ft Literature Conductor Choo Hoey. Soloist: Alexander Mishnaevsky (viola). Programme includes works by Schumann, Berlioz and Tchaikovsky. TTiis first concert in the SSO's 'Music and Literature 1 series centres around British poet George Gordon, Lord Byron. Venue: Victoria Concert Hall.298 words
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Article, Illustration196 1992-02-29 32 Yasotha M - Compiled by Yasotha M Exhibition by Koh Sia Yong Over 60 paintings by Koh Sia Yong will be on. display. His paintings vary from landscapes to portraits, nudes and still life. Venue: Empress Place. Mar 4-8. Mon-Sun: 9am-Bpm. Delia Butcher Gallery. Mar 10-21. Mon-Sat: llam-6pm. Old Women in Chinatown196 words
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Article, Illustration582 1992-02-29 32 Bedy Parts. A criminal psychologist has an accident and emerges with a newly-grafted arm. But perhaps more than just a limb has been grafted when he discovers violent tendencies in himself. He knows he is possessed of a killer's arm, but is he possessed by it? Or is it582 words
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Page 21 Advertisements
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Advertisement12 1992-02-29 21 A gamble that (Mid off; EL 3. How to bid, EL 3.12 words
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Advertisement51 1992-02-29 21 .y Us Ml gjgS^fc^Ef^fcMMil KOC^EI^^SiKsJKJ^H topics close ■If |TSmm Ml V2l your hearts... weight hair m I 1 M m^^^B I I il TThe Health Care v Tips are sph (English Dial NOW! S/ft£M¥>or9 Pros* Holding* AUDIOTEX SERVICE This week's Health Care Tips is sponsored by Sllmmerette Aesthetic Centre Pte51 words
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Advertisement25 1992-02-29 22 BT welcomes letters from you. Please address them to: The Editor, Business Tiroes, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.25 words
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Page 22 Miscellaneous
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Miscellaneous40 1992-02-29 22 DOONESBURY BY GARRY TRUDEAU iS X)HOWVIPXXJF9iAU/ 7H&£M&UT&AU>Y 1001 B M 'BEAR MR. HARKANQP OBN6 ORAFTW, MGTOBCATVeCKAFT.ANP U KfitftKHCEW 50V? ;wr/Tly I m&> ALMOST ALL CF THBA. VXRCLAMOF tuOT% B SfmSr i THarsMH/r&eorsoMucH U ?££2LI BIH6AHOMOSBUAL "JK 5 SHAMAN M/fTH A40 words
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Advertisement640 1992-02-29 24 Its funrry, how the people who cant anom it when its clieap always seem to find the money when its expensive. $32,500 $39,000 MEMBERSHIP FEE. 29TH FEBRUARY MEMBERSHIP FEE. IST APRIL It is funny, isn't it? But sadly, its also true. increase in a little over a month. Take yourself,640 words
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Advertisement396 1992-02-29 26 I I R "I.H«t«Mni»i-rfa*, jr w -p. /EJ-, J tW <r»*~ -> i—» I «vj^ Bi" 1 j^^»iy*i »w*v-»«™-».„,, >.i,, f ""nnfrtm"* Ivi^vf ?v^j T irf.#■<■■»✓«> *2 j cftylyMctan* t/Me fyniitJCfatfJem I Jiriixl Uju**-. Jkuc?*-~ j I 1 MONASH UNIVERSITY fc l Wh "">** ow H Massachusetts of ipechnoiogy H396 words
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Advertisement7 1992-02-29 27 Advertising Marketing in Business Times every Thursday7 words
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Advertisement46 1992-02-29 27 expres^HKß^KN 8 I*, Turn yourshare^^ 1 %M arfc M/'' f: jnto instantly Get cash on the spot for your shares for 1,2 or 3 months Scripless counters are also acceptable. For mora information, call our toll-free numbers. Hong Leona Finance 223 0936 v J 226 338846 words
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Advertisement512 1992-02-29 28 Nothing BeatsA BucL OF Go For Gift Certificates Gift certificates from King's Hotel are in handy $50 and $100 denominations. Ideal for all occasions, they can be used for rooms and at all F&B outlets. Corporate purchases of $500 or more entitles you to a 15V» discount in the form512 words
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Advertisement267 1992-02-29 28 *5 ws x m IKS V*4 S£ A 4 fV m •<*. Hi P <- T JV r '.St: :v «< K r bJB I' jg. 4 Apparently, he didn't die in 77, he just wanted to drop out and live an anonymous life among ordinary people*" Punch WHERE TO267 words
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Advertisement264 1992-02-29 28 We ve just bred a new winner at The Stables v Mr <sJI The Businessmen's Derby Lunch t^ff 2 A delectable choice of appetisers and soup. (£l(Sjrs, followed closely by your pick from five delightful /I main dishes and a selection at desserts Finish T n with coffee or tea.264 words
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Page 29 Advertisements
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Advertisement174 1992-02-29 29 AND ENTERTAIN i m JE 4 A Classical Afternoon Tea •A choice spread of freshly-baked pastries and cakes, 'savoury dian xin, open sandwiches and deliciously spicy Mee Siam... with a blend of special teas. Every Saturday from 3pm to spm at $12.50++ per person. Fashionshow commences at 4pm. ANA HOTEL174 words
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Advertisement233 1992-02-29 29 WA* BEEF DAY AT NISHIKI Ha 10 "Niku" in Japanese means meat, at the tame time it alto means "Two-Nine*. On this tuna note, on every 29thof the month will be "Be«f Day" at NISHIKI. Yon can now A enjoy a selection of beef V dishes at $12.00 per dish.233 words
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Advertisement87 1992-02-29 30 FOR SUCCESSFUL MANAGEMENT OF YOURipiNESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful87 words
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Page 31 Advertisements
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Advertisement45 1992-02-29 31 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 knew Europe from start to Finnish. 'i 1 1 I45 words
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Advertisement6 1992-02-29 31 Innovation Technology in BT every Tuesday6 words
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Advertisement25 1992-02-29 31 ft t a* ~§^^^HEylQi^K4 II IMfe l PICTURE SPECIAL: HOW THE PRIME MINISTER AND MPS KEEP FIT NEW, NEWS, NEWSY From lunchtime Monday to Saturday25 words
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Page 31 Miscellaneous
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Miscellaneous169 1992-02-29 31 -V T from oyster (5) 29 .Tug that North American g Would there be lots of 26 Difficulty in finding water in it? (6,4) somewhere to eat (4) 30 The poor beggar always "the same? (10) 9 A to snuff out (5,3) 14 How long clothes need to dry and169 words
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Miscellaneous164 1992-02-29 31 Singapore Outlook: Showers over several areas in the late afternoon. Report Maximum temperature 33.1 Assoc humidity 59% Minimum temperature 25.1 Assoc humidity 93% Hours of sunshine 8.25 Rainfall in mm Nil Rainfall this month 62.4 Rainy days this month 4 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 23/15 Cloudy Bangkok 31/22164 words
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Miscellaneous37 1992-02-29 31 killkMajMMWi ISTQR€.S- scwd 1 rM G JONCS —ON ACCOVMT of ny not UlShin£\ Up fcoNCH OP HOSC6A/ ffa* My to CONFRONT Twe GORGCOUS miss 1 \L*TtIC CH\CKADee... PfceJYY OF Kl££.K*PM»J€. CD To J ~y— IN THe J37 words
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Page 32 Miscellaneous
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Miscellaneous1581 1992-02-29 32 TODAY'S TV Sewgatag Satria Beracun, Park, Peru, SBCS »30 Wwmmi »m iiiihi Fans of "silat" will enjoy Animal lovers will enjoy this opening and Pro- M«M Haai*. this. An irresponsible disciple glorious look at the varied gramme follow- *j 11.15 Late Mgkt Mavta Kiss of Dewa Tua's is banished array1,581 words
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Miscellaneous620 1992-02-29 32 MOVIES ON TV Malioboro, Mon, 10.30pm, successful head of a top modSBC 12 d agency who is actually a Romantic Malioboro, a cul- demon in disguise. Talk tural and historic street of about not being able to judge Jogjakarta, is the perfect set- a book by its cover. ting for620 words
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