The Business Times, 4 April 1992
1992-04-04
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The Business Times
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Title Section17 1992-04-04 1 BUSINESS TIMES MITA (P) 35/12/91 Weekend Edition, April 4-5 1992 THE BUSINESS PAPER FOR S-E ASIA 75«17 words
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NEWS & MARKETS SUMMARY
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Article25 1992-04-04 1 WALL STREET opened lower yesterday with the Dow Jones index posting a 4.47-point decline to 3,229.65 in the first five minutes of trading.25 words
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Article31 1992-04-04 1 SHARE PRICES were lower on the London Stock Exchange yesterday morning. At 1100 GMT, the FTSE 100-share index was down 13.5 points at 2391.9. Volume was 277.2 million shares.31 words
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71 1992-04-04 1 PARIS Members of Opec reduced oil output by 900,000 barrels per day between February and March, taking production down to 23.5 million barrels per day, the International Energy Agency (lEA) said in its annual report published here yesterday. But this71 words
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Article24 1992-04-04 1 THIRTY US companies from the medical, computer and computer software industries are being "matchmade" with Singapore firms to promote trade P«B® 224 words
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Article37 1992-04-04 1 PAUL LIM, founder of L&M Group Investments Ltd, has resigned as chairman of the company. He has been replaced by Guthrie GTS Ltd director Albert Hong, after a board meeting on Thursday Page 337 words
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Article32 1992-04-04 1 LANDMARKS BHD has doubled its group pre-tax profit to M 533.67 million for the year ended Dec 31, 1991, against M$ 16.53 million the previous corresponding period. Page 332 words
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Article33 1992-04-04 1 SIX Singapore-based banks will provide the bulk of a Ms2oo million loan to Malay-sian-listed Amalgamated Steel Mills Sdn Bhd for a new 50storey headquarters in Kuala Lumpur Page 433 words
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Article28 1992-04-04 1 THAILAND continues to impose restrictions on free trade between the United States and Thailand, according to a United States Trade Representative report Page 528 words
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534 1992-04-04 1 Lilian Ang; Loh Hui Yin - Firm is part of larger consortium in $450 m project By Lilian Ang and Loh Hui Yin SINGAPORE Kuo International, the oil trading arm of the Fu family which controls Hotel Properties, plans to team up with, the Sembawang group and534 words
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Article, Illustration263 1992-04-04 1 SINGAPORE Share prices in Singapore lost gfound yesterday despite a late afternoon rally in Tokyo. The Straits Times Industrials Index ended the day 11.67 points lower at 1,387.07, accumulating a loss of 52 points during the week. Turnover on the combined market rose263 words
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228 1992-04-04 1 Reuter AFP BANGKOK A report that Thai Prime Minister-desig-nate Narong Wongwan was banned from Australia because of alleged drug links was denied by the Australian Embassy here yesterday. The wire service report claimed the Australian government had decided to refuse MrReuter; AFP - 228 words
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373 1992-04-04 1 Reuter TOKYO Hit by flagging demand in their core computer and semiconductor businesses, electronics giants Fujitsu Ltd and Toshiba Corp are cutting the pay of top executives, company officials said. The cuts follow similar reductions at computer makers Hitachi Ltd and IBM JapanReuter - 373 words
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Article, Illustration430 1992-04-04 1 S N Vasuki; Sylvia Wong - By S N Vasuki and Sylvia Wong SINGAPORE Perennial takeover candidate Malayan Credit was once again in the spotlight yesterday as rumours flew thick and fast that the listed property company had once again become a target. The rumours accelerated trading volumes430 words
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Page 1 Advertisements
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Advertisement76 1992-04-04 1 Nikon TteWbrid'tFtaMt Photographic Sytltm. COVER Corporate entertainment. few talk openly about. EL 1 CONTENTS Arcratt Schedule EL 11 Commodriies 15 Company News 3 Crypt* Crossword El 11 Futures t Options Interbank Forex Rates MSt Money Changer Rates Money Market Rational Stock Markets teeonal/World News... sts SNps *i Port Suite* Singapore76 words
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Advertisement13 1992-04-04 1 OPINIONS Indonesia and Australia: seeing eye to eye at long last EL 213 words
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Advertisement15 1992-04-04 1 LIFESTYLE The cosy charm of Duxtons Deli. EL 3 Review of Final Analysis. EL 315 words
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Advertisement248 1992-04-04 1 PURSUITS The Ford Telstar reviewed. EL 6 In the footsteps of Conrad. EL 6 The movement of a watch is its heart. Precious. Delicate. For centuries craftsmen have striven to provide it with the ultimate in protection. The watches known as «Turkish» with double, triple or quadruple cases, with a248 words
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Advertisement40 1992-04-04 1 Nikon TteWtoWsnnNft PlNtfuynpMr PURSUITS Painter Anthony Christian. EL 7 *11 t There will be normal publication of Business Times on Monday, even g* though it is the Hari Raya Puasa holiday. The paper will be available at the usual outlets.40 words
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Advertisement16 1992-04-04 1 FINANCE Banking stocks on both sides of the Causeway. EL 8 Car insurance packages. EL 916 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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91 1992-04-04 2 TEMASEK POLYTECHNIC will have a third site next year the Kim Seng Technical School along Kim Seng Road to cope temporarily with rising enrolment. The announcement was made last night by the Senior Minister of State for Education, Dr Tay Eng Soon, at the polytechnic's91 words
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Article59 1992-04-04 2 PEK HOCK THIAM, executive director of the Singapore Tourist Promotion Board, has been appointed to the board of directors of the Pacific Asia Travel Association (Pata) for a three-year term. He took up the post this Thursday. Mr Pek has also been re-elected chairman of59 words
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Article82 1992-04-04 2 DR KER SIN TZE, Minister of State for the Ministry of Information and the Arts, has urged the Photographic Society of Singapore and the National Arts Council to discuss the possibility of a permanent collection of works by distinguished Singaporean photographers. He was speaking at the opening82 words
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Article71 1992-04-04 2 THE Institute of Technical Education (ITE) has introduced the "National Technical Certificate" to replace the "National Trade Certificate" as of April 1. The National Trade Certificate, issued by the former Vocational Industrial Training Board (VITB), will be considered equivalent to the new National Technical Certificate to be71 words
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313 1992-04-04 2 IN A MOVE to pep up the local arts scene, the National Arts Council (NAC) yesterday announced it was setting aside more money to help struggling artists find their feet. This year, $1.4 million has been set aside in the form of assistance programmes,313 words
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414 1992-04-04 2 Ang Wan May - Aug Ang Wan May THIRTY US companies from the medical, computer and computer software industries are being "matchmade" with Singapore firms. The aim of the scheme, organised by the Trade Development Administration in Washington and the US Embassy Commercial Office in Singapore, is414 words
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Article, Illustration346 1992-04-04 2 Claire Leow - By Claire Leow DU PONT Singapore (Connector Systems) hopes to double its total investment in the Republic to about US$l6 million (5526.5 million) by 1995. The company aimed to enhance its position as a leading regional player through innovation, technology and meeting customer346 words
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262 1992-04-04 2 The key to successful work teams the Du Pont experience TWO THINGS are needed if self-managing work teams are to succeed: management has to change its mindset and money must be ploughed into development and training. The absence of these factors is the biggest stumbling block to the work team262 words
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SHIPS IN PORT
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Article532 1992-04-04 2 Vessel Voy No Berth Anvil Departure Vessel Voy No Berth Arrival Deprive Marina Terminal 1 Batairando 1 180S M02 alongside 0304/1900 Brasta® 1 13/92 M02 alongside 0304/2300 Mahhota Exp 65/92 M05 alongside 03.04/1400 Thanakul 007 M04 alongside 0304/2300 Wiiaya 1 014 M03 alongside 04 04/2300 Aung Zay532 words
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Article826 1992-04-04 2 Ship Voy No Etb/Btr P« art Boqhft/Balance iod From To Rafts From Bd M Tomas 08CW92 06/1500 3 04/0700 04/1200 04/1159 04/1459 04/1400 04/1700 L C Bonavista 001S 06/1200 2 03/1700 04/1200 04/0659 04/1459 04/0900 04/1700 G 0 Kalimantan 07S 06/0001 2 03/1700 04/1200 04/0659 04/1459 04/0900 04/1700826 words
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COMPANY NEWS
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Article, Illustration459 1992-04-04 3 Sylvia Wong - Guthrie's Albert Hong takes over, snaps up lOpc interest By Sylvia Wong SINGAPORE Paul Lim, founder of L&M Group Investments Ltd, has resigned as chairman of the company. He was replaced by Guthrie GTS Ltd director Albert Hong after a board meeting on459 words
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416 1992-04-04 3 NYT HONGKONG Semi-Tech (Global) Ltd, the fast-growing consumer electronics retailer, said on Thursday that it was ending its year-long bid to acquire control of Emerson Radio Corp of the US. Instead, the two companies announced a sales agreement under which SemiTech, whichNYT - 416 words
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286 1992-04-04 3 BANGKOK The SahaUnion Corporation, one of Thailand's leading industrial groups, plans to establish its first venture in Vietnam to produce textiles and shoes for supply to Indochina and Europe, The Bangkok Post has reported. Senior vice-president Paotep Chotinuchit said SahaUnion had decided to286 words
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268 1992-04-04 3 SINGAPORE United Engineers Ltd's reduced profitability in the last financial year was due to two reasons, the relocation of its group headquarters and losses incurred by its industrial electronics associate. United Wearnes Technology Pte Ltd. In in a written response yesterday to BT's Hock Lock268 words
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Article581 1992-04-04 3 MARKET TALK AP TOKYO Docs this sound like a rigged market to you? In the last several months, Japan's most powerful politician has threatened its most powerful banker, the Ministry of Finance has feuded with the nation's biggest brokerages, ugly court squabbles have erupted overAP - 581 words
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Article246 1992-04-04 3 SING A PORK Boosted by stronger earnings from its resort. hotel and property interests, Landmarks Bhd yesterday reported group earnings of M 525.6 million (5516.4 million) for the year to Dee 31. 1991 almost three times the MSB.7 million reeorded in 1990. Pre-tax profit for 1991246 words
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238 1992-04-04 3 SINGAPORE SingaporeAirlines has formed a partnership with Seandinavian Airlines (SAS) to jointly market an all-cargo service between Copenhagen and the Republic. The partnership, which was sealed in Copenhagen yesterday, will handle the current once-a-weck Boeing 747 freighter service which SIA operates between238 words
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COMPANY BRIEFS
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63 1992-04-04 3 SINGAPORE Material Handling Engineering Ltd has appointed Erie Cheong Yuen Chee as exeeutive direetor of its wholly-owned subsidiary. Premier Security Technology Pte Ltd. Material Handling said Mr Cheong held 20,000 of the group's shares but did not own shares in any of the63 words
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Article54 1992-04-04 3 SINGAPORE Inter-Roller Engineering Ltd has bought 55.000 ordinary shares of $1 in Ammcraal Conveyor Belting Pte Ltd for $62,150. Inter-Roller said the purchase price was based on the net tangible assets per share of the company. Ammcraal Conveyor Belting promotes, sells and services convevor belts54 words
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Article27 1992-04-04 3 SINGAPORE Billy Tan Gim Hoe, a director of Pacific Carrier Ltd, bought 50.000 of the company's shares at $1.42 apiece on March 31.27 words
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Article53 1992-04-04 3 SINGAPORE United Overseas Bank Ltd has paid $376,676 for 250,000 shares in United Overseas Land Ltd. Wee Cho Yaw. chairman of UOB and UOL, is deemed to have an interest in the purchase by virtue of his being a director of both companies and his53 words
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Article69 1992-04-04 3 SINGAPORE Provisional Suppliers Corporation Ltd has released more details of its 1991 results. The company said its interest on borrowings fell from $357,000 in 1990 to $38,000 last year, while depreciation and amortisation rose from $503,000 to $776,000. Its subsidiary. Fortune Food Manufac- 1 turing.69 words
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Article104 1992-04-04 3 AMALGAMATED Steel Mills Bhd posted a 34.8 per cent'drop in interim net earnings to M 529.1 million, not a 53.4 per cent fall as reported in BT on April 2. In the table accompanying the report, we had also erroneously labelled minority interests as extraordinary items. We104 words
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Page 3 Advertisements
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Advertisement199 1992-04-04 3 Investment Opportunity PARADISE-SHOOTING ESTATE 250 Km south of Madrid, La Mancha, Spain. Abundance of wild partridge and other game. Unique investment opportunity! 766 hectares plus lease of shooting rights for another 400 hectares. A magnificent, newly built and fully decorated manor house, 10 bedrooms, 9 bathrooms, big living and dining199 words
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FINANCIAL NEWS
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SMALL CHANGE
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102 1992-04-04 4 HANOI Vietnamese authorities, striving to mobilise idle capital for economie development, have authorised commercial banks to sell bonds denominated in gold, rather than the volatile local currency, the Vietnam News Agency (VNA) said on Thursday. The bonds will mature over terms ol102 words
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Article45 1992-04-04 4 SINGAPORE Industrial Finance Corp of Thailand (IFCT) vesterday signed a loan for US$2O million (5532.8 million) to fund development projects in Thailand. The seven-year loan was co-arranged by Bayerische Landesbank Giroztntrale, DBS Bank, Manufacturers Hanover Trust Company and West LB Singapore.45 words
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Article75 1992-04-04 4 TOKYO Central bankers from the Asia-Pacific region met in Osaka on Thursday to discuss supervision of commercial banks and how to deal with problems such as fraud and money laundering. Bank of Japan officials said. One of" 01 1 said the two-day meeting would touch on75 words
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Article75 1992-04-04 4 NEW YORK Olympia and York Developments Ltd (O&Y) said on Thursday that it had set aside about U*****.3 million (*****.5 million) from the sale of its stake in a pipeline company to pay off some short-term debt. In addition, the huge Canadian real estate concern75 words
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Article71 1992-04-04 4 NEW YORK RJR Nabisco Capital Corp. a unit of RJR Nabisco Holdings Corp, has sold US$l.2 billion (551.96 billion) of new bonds in its maiden outing as an investment grade issuer since its 1989 takeover, syndicate officials said. "RJR's in terrific shape. The seven-year tranche71 words
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Article65 1992-04-04 4 LONDON Britain's main financial watchdog, the Securities and Investments Board (SIB), said it decided not to change its rules on soft commissions when brokers ofler goods, or services, instead of fees, in return tor business from fund managers. Many brokers say offering soft commissions65 words
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Article68 1992-04-04 4 LOS ANGELES In a stark break with the past, the association representing risk management officers of the largest US corporations has called for federal regulation ot the insurance industry. "Reform of the insurance regulatory structure is clearly needed to protect against insurer insolvencies," said Robert68 words
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Article35 1992-04-04 4 LONDON Britain's largest insurance company Sun Alliance Group on Thursday announced its pre-tax losses had more than doubled in 1991, to £466.2 million (Ssl.3 billion), from £180.9 million the previous year.35 words
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Article, Illustration496 1992-04-04 4 Dawn Tan - Ms2oom facility will be used to build 50-storey headquarters in KL By Dawn Tan SINGAPORE Six Singa-pore-based banks will provide the bulk of a Ms2oo million (S$ 128 million) loan to a unit of Malaysian-listed Amalgamated Steel Mills Bhd for the group's496 words
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304 1992-04-04 4 AFP SEOUL Foreign banks operating here reported prosperous business for last year, with non-Japanese banks scoring a whopping 37 per cent increase in profits, the central Bank of Korea (BOK) said yesterday. The BOK's Office of Bank Supervision (OBS) said in a reportAFP - 304 words
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Article, Illustration507 1992-04-04 4 DBS Bank weekly currency review US$/Dm: still in consolidation The US$ closed below 1.6440 marks last March 27, completing a double top pattern on the daily bar chart. However, there was no fol-low-through selling on Monday, as the greenback found strong support at 1.6395. For507 words
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230 1992-04-04 4 Reuter HONGKONG HSBC Holdings pic shares lost 25 HK cents yesterday to close at HK538.50 (558.26), after Thursday's announcement that property tycoon Li Kashing is stepping down from the boards of Hongkongßank and British parent HSBC. The announcement spurred speculation that MrReuter - 230 words
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399 1992-04-04 4 Reuter TOKYO Ministry of Finance (MoF) officials have told Big Four brokerage officials that the ministry would encourage the brokerages to launch investment trusts for large-scale customers, a senior official said. The Big Four, under pressure to help reverse the Tokyo stock market'sReuter - 399 words
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407 1992-04-04 4 FT FRANKFURT Allianz, Europe's largest insurance company, on Thursday declared its determination to resist the efforts of Germany's Federal Cartel Office to force it to cut its shareholding in Dresdner Bank, Germany's second-biggest bank. The Munich-based insurer said the Berlin-basedFT - 407 words
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Page 4 Advertisements
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Advertisement174 1992-04-04 4 LaPjaza^ CNR ALBANY HIGHWAY, JOHN STREET. EWING STREET. BENTLEY, WESTERN AUSTRALIA RETAIL INVESTMENT WITH OUTSTANDING EXPANSION POTENTIAL Wooiworths. Action Supermarkets. 47 specialty stores. 2 kiosks. 2 freestanding fast food outlets. Gross leasable area approximately I llWsqm. Land area 5.8579 hectares. Tenders close 12 noon Wednesday 2(»th May IW2. Further details174 words
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Advertisement100 1992-04-04 4 SINGAPORE INSTITUTE OF COMMERCE So you want a LAW DEGREE? A public talk for those interested in pursuing a law degree on a full-time or parttime basis. Hear on how to qualify even with just 'O' Levels and study for a Law Degree to further your career advancement. Then make100 words
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THE REGION/THE WORLD
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457 1992-04-04 5 Curb on service sector tops list of complaints BANGKOK Thailand continues to impose restrictions on free trade between the United States and Thailand, according to a United States Trade Representative (USTR) report. In an assessment of the country's trade barriers released on Monday,457 words
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393 1992-04-04 5 Reuter AP WASHINGTON US negotiators reported no breakthrough on Thursday after a third round of talks aimed at lowering Chinese import barriers. Assistant US Trade Representative Joseph Massey said the three days of closed-door discussions with Chinese negotiators had doneReuter; AP - 393 words
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668 1992-04-04 5 Reuter WASHINGTON Factory orders rose again in February but more Americans sought unemployment benefits in the latest week, the government said on Thursday, suggesting that the economic recovery will be weak. The Commerce Department said factory orders rose 0.5 perReuter - 668 words
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405 1992-04-04 5 AP WASHINGTON US officials see compelling reasons for China to maintain a free economy in Hongkong when it takes over in five years but are less confident about the future of democracy in the prosperous British colony. Assistant Secretary otAP - 405 words
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WORLDWATCH
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115 1992-04-04 5 SEOUL South Korea plans to allow foreign investment in 26 more business fields by the end of this year, an ofticial at the Finance Ministry said. The new areas include electric power generation, some port services, alcoholic beverage wholesaling, merchandising trading agencies115 words
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Article102 1992-04-04 5 HONGKONG Foreign investment in southern China's Guangdong province has surged since the January visit of retired paramount leader Deng Xiaoping, it was reported here yesterday. Guangdong deputy governor Lu Ruihua was quoted by newspaper reports as saying that the value of foreignfunded projects his province approved102 words
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95 1992-04-04 5 JAKARTA The Indonesian government will pay a special allowance amounting to 100 per cent of the basic monthly salary to civil servants serving in remote areas, from this month. The "dedication" allowances, provided for under a presidential decree, would be paid out to all "deserving"95 words
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Article94 1992-04-04 5 NUREMBERG, Germany Unemployment in Germany fell back substantially in March in both parts of the country, the Federal Office of Labour announced yesterday. In western Germany, there were 1.863 million unemployed, a fall of 96,000 over February. The rate fell back from 6.1 to 5.8 per94 words
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388 1992-04-04 5 IHT PARIS The risk of a trans-Atlantic air war loomed on Thursday as a senior US official warned that Washington may retaliate against Air France if Paris tries to limit flights this summer between France and the United States. "We believe that FranceIHT - 388 words
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Article, Illustration638 1992-04-04 5 New French PM to head younger, leaner, more closely-knit team Reuter PARIS Finance Minister Pierre Beregovoy, who replaced the unpopular Edith Cresson as France's Prime Minister on Thursday, has promised bold steps to light unemployment, but they could clash with his anti-in-flation policies. "The firstReuter - 638 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3967 1992-04-04 6 S N Vasuki - By S N Vasuki "SINGAPORE investors arc looking backward in pessimism, rather than looking forward in hope." the head ot research of a foreign stockbroking firm said yesterday as Singapore stocks lost ground again after a brief respite on Thursday. The Straits Times Industrials3,967 words
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Article998 1992-04-04 7 LOANS WARRANTS 1992 Tel ClUT last Vol Day last Quote Rate Gr's YTd High Low Code Company Traded Sale +or(*000) High low Buyer Seller L (%> <%) 59 63 1593 Berjaya Grp Ln HK 11 300 86 23% 93 33% 98 m 28 12 386998 words
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Page 7 Advertisements
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Advertisement155 1992-04-04 7 Shine YOUR KEY TO BETTER BUSINESS DECISIONS! SPH SHINE COMPANY RESEARCH Shine is Singapore Press Holdings' inforich database on Teleview, which incidentally is the most advanced videotext system in the world. And SPH Shine (Company Research is a high valueadded package comprising useful and pertinent business information on over 300155 words
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Article1743 1992-04-04 8 r 1 ftp imtfrn/vtional Hi Gr's Gr's 1992 j e l C urr last Vol D«y last Quote Di* Di* YTd Net M Cap h Ixm Code Company Traded Sale +or- C000) High I>ow Bayer Seller C\r P/E Smil fir KOREAN STOCK 77 66% 12921,743 words
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Page 8 Advertisements
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Advertisement249 1992-04-04 8 BANKING, FINANCE AND INSURANCE SUPPLEMENT 1993 A special Business Times Survey May 4,1992 The theme for this year's supplement Is "Managing the Tiger" which focuses on the tremendous growth achieved in recent years fey Asia's banking and finance industry and the constraints faced by the region's regulators to encourage growth249 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration491 1992-04-04 9 Bernama Reuter BARGAIN hunting for the lower priced stocks helped share prices to a slightly steadier close yesterday in a half-day trading session ahead of the Hari Raya break next week. The market will be closed on Monday and possibly Tuesday. The KLSE CompositeBernama; Reuter - 491 words
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STOCK EXCHANGE OF THAILAND
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Article151 1992-04-04 10 Reuter AFP STOCKS closed higher yesterday after moving in a narrow range with most investors waiting for news on whether Prime Minister-des-ignate Narong Wongwan would lead the next coalition government, brokers said. The SET Index ended 3.66 points higher at 826.62, on a turnover ofReuter; AFP - 151 words
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Page 10 Advertisements
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Advertisement58 1992-04-04 10 The Jakarta stock market will be closed from April 3 to April 8 for the Muslim Eid-al Fitr festival. It reopens on April 9. The iSSMK If offers Bp the most I" current I s list of job I" opportunities I I avai CREATIVE CAREERS, OVERSEAS COURSES Top schools for58 words
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Advertisement731 1992-04-04 10 Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in Business Times. BUS I N ESS TIMES r In The Matter Of i The Companies Act, Chapter 50 And In The Matter Of COLEMAN BUSINESS SYSTEMS (S) PTE LTD (In Members' Voluntary Liquidation) At an731 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2321 1992-04-04 11 Reuter THE key Nikkei average closed firmer in volatile trade yesterday, but the broader market was weaker. Short-covering in both stocks and futures and active buying of export-related issues helped lift prices after programme and small-lot selling drove the Nikkei below 18,000 in theReuter - 2,321 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2271 1992-04-04 11 Reuter STOCKS finished softer yesterday in dull trading dominated by profit-taking in a handful of blue chips. Early gains were wiped out by afternoon selling, mainly of property developer Cheung Kong and HSBC Holdings, pushing the Hang Seng Index down 7.57 points to endReuter - 2,271 words
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AUSTRALIAN STOCK EXCHANGE
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1869 1992-04-04 12 Reuter AFTER a roller-coaster day on the Japanese bourse, the Australian stock market closed at its high for the day as the Nikkei index firmed in late trade. Brokers said the All Ordinaries Index shadowed Tokyo all day, sinking more than nineReuter - 1,869 words
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REGIONAL STOCK MARKETS
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Seoul shares end higher on technical rebound
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Article142 1992-04-04 12 STOCKS in Seoul rose sharply yesterday in a technical rebound as the session focused on large-capitalisation and financial shares, brokers said. "Yes, this is definitely a rebound, but it will be very short-lived." said John Wadlc of Barclays de Zoete Wedd. The Composite Stock Index rose 10.72 points to142 words
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Article176 1992-04-04 12 BARGAIN-hunters returned to the trading floors and pushed blue chip prices up yesterday. The Manila Stock Exchange Composite Index rose 8.82 points to close at 1,111.77. The Makati Index rose 12.90 points to 1,132.17. "The market had seemed dead. Nothing seemed to affect it for a while, despite the176 words
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Article120 1992-04-04 12 The share market, after a weak opening, shrugged off the blues affecting the Tokyo market and closed slightly fir- mer. The NZSE-40 Capital Index closed 1.3 stronger at 1,398.78. six points off the day's high, but well up on its 1.385 low. Brokers expect a nervous week next week120 words
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Article153 1992-04-04 12 SHARES rose sharply in volatile trade to drive the exchange indices to new highs on Thursday. The market opened on a bullish tone, shrugging ofT the authorities' decision to suspend trading on Wednesday to cool the overheated bourse, but attracted selective profit-taking, brokers said. The Bombay Stock Exchange Index153 words
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Article52 1992-04-04 12 INDICES TURNOVER Close Previous Apr 3 NEW ZEALAND N/SE-40 Capital 1.398.78 1.397 48 +1.3 MANILA Composite Index 1.111.77 1.102.95 8.82 Turnover (million) 398.7 473.2 -74.5 TAIPEI Weighted Price Index closed 4,733.96 Turnover (NTS billion) closed 15 4 SEOUL Composite Slock Index 596 39 ***** 110.72 Turnover (billion won) 343.9 462.952 words
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WORLD STOCK MARKETS
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Sell programs send US stocks lower
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Article75 1992-04-04 13 INDICES TURNOVER NEW YORK Clow Prvtious Apr 2 Dow Jones S&P 500 Turnover (million) 3.234.12 400.50 185.1 3.249.33 404.23 186 -15.21 -3.73 -0.9 LONDON Financial Times 30 FrSE 100 Turnover (million) 1.866.6 2.405.4 607 1.878.9 2.4086 620 -12.3 -3.2 -13 FRANKFURT DAX Index 1.721.66 1.707.30 +14.36 AMSTERDAM EOE Index 304.2175 words
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Article, Illustration358 1992-04-04 13 SELL programs sent Wall Street stocks reeling in late afternoon trade on Thursday, their losses magnified by investor disinterest ahead of unemployment data yesterday. Analysts said although futures-relat-ed activity has guided shares of late, underlying sentiment remains cautious about an economic recovery and concerns are growing about price358 words
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Article, Illustration275 1992-04-04 13 SHARES ended mostly lower on Thursday after the latest political opinion surveys which cut back, the clear Labour lead seen in Wednesday's polls and rekindled the prospect of a hung Parliament. A general election is due on April 9. Richard Kersley, equity strategist at BZW said, "The market is275 words
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Article107 1992-04-04 13 SHARE prices finished higher on Thursday after a day of excitement over the appointment of Pierre Beregovoy as Prime Minister and tension over who would succeed him as Finance Minister. The CAC-40 Index ended 13.88 points or 0.72 per cent higher at 1,941.95 in moderate trade of around 2.6107 words
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Article154 1992-04-04 13 SFIARES ended a quiet session firmer on Thursday, but profit-taking towards the end of the session partially erased earlier gains. Dealers said increasingly investors believed the market had shown considerable resilience recently and that therefore downside potential was likely to be limited. Insurers were sought by foreign investors who154 words
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Article176 1992-04-04 13 SFIARES ended a slow session firmer on Thursday with US dollar strength underpinning blue chips. For the second day in a row, the market ignored a fall in London stocks. "Why should we worry about every single British election poll that moves the market there." a broker said. But176 words
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Article136 1992-04-04 13 SFIARES ended firmer on Thursday boosted mostly by increased activity in retailers GIB, Colruyt and Delhaize as dealers sought "defensive" or recessionresistant stocks, traders said. "People are turning to defensive stocks considering the uncertainty in Tokyo, the UK and the US, and given the tension on interest rates," said136 words
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Article95 1992-04-04 13 SFIARES in troubled banking group Gota fell sharply again on Thursday on a weak bourse, bringing to 41 per cent Gota's cumulative decline since Monday's opening 24 crowns per restricted A-share. Gota was the salient feature of an otherwise flat bourse landscape, and one broker said the share was95 words
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Article192 1992-04-04 13 STOCKS gained for the third successive session on Thursday buoyed by short-covering and some speculative buying ahead of this weekend's Italian elections. But volumes remained low as the MIB All-share Index recovered to a provisional 1,000 points, up eight points or 0.8 per cent on Wednesday. San Paolo made192 words
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Article105 1992-04-04 13 SHARES were quoted slightly eas{r yesterday in a thin pre-bourse markfct lacking fresh ideas to trade on. Dealers expected the 30-Share DAX Index to open the pre-weekend session some five points down. "It is all a few ticks easier, but in very narrow ranges," a trader said. Early losses105 words
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Article85 1992-04-04 13 GOLD shares fell sharply in lacklustre trade on the Johannesburg Stock Exchange on Thursday as world bullion prices dropped in heavy selling in Europe, and some leading industrial shares weakened in line with jittery world markets, dealers said. The Gold Index dropped 25 points or 2.2 per cent to85 words
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Article76 1992-04-04 13 STOCKS followed New York lower on Thursday, while the financial and real estate sectors dropped on renewed concern about real estate giant Olympia York. "The Olympia York problem is still having an adverse effect on the market," one trader said. "Plus, we still have constitutional discord." The TSE 30076 words
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Page 13 Advertisements
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Advertisement17 1992-04-04 13 Innovation Technology in Business Times every Tuesday ATTRACT POTENTIAL CANDIDATES with m ad In the APPOINTMENTS' COLUMNS17 words
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CURRENCY, MONEY & FUTURES MARKETS
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1195 1992-04-04 14 REPORTS THE US DOLLAR fell against the deutschemark in late Asian trade yesterday on selling from early European operators, Singapore accounts and stop-loss sales, Tokyo dealers said. It was steady to softer against the yen. The dollar wavered for most of1,195 words
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Article43 1992-04-04 14 Source: UOB Source: Astley Pearce OCBC Exchange Rate Index Apr3 The OCBC trade-weighted index for the Singapore dollar was down 0.12 per cent to 136.71. The index is calculated against the currencies of Singapore's top 12 trading partners. Source: OCBC43 words
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Article38 1992-04-04 14 Rates quoted by Astley Pearce Rates quoted by NatWest Note. Hasttl on latest issuer Source: The Monetary Authority of Singapore <7Ural bunk (/mount rates Ivirav'ot 12 btmky H'*u Source: National Westminster Bank Source: National Westminster Bank38 words
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434 1992-04-04 14 FT TOKYO While Tokyo financial markets found little comfort in the Japanese government's emergency economic package unveiled on Tuesday, companies welcomed proposals that could quicken the pace of reform in the country's corporate bond market. The government has indicated that it wanted to eliminate limitsFT - 434 words
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Article441 1992-04-04 14 Nine: Open interest and actual volume are for previous day trading. Source: Singapore International Monetary Exchange Apr 3 225 292 275 242 450 77 10 >475 56 •500 24A 23 •575 9 Dec 92 calls Dec 92 puts High Low Sett High Low Sett >450 44 51A 48441 words
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Page 14 Advertisements
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Advertisement7 1992-04-04 14 Innovation and Technology in BT on Tuesday7 words
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COMMODITIES
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307 1992-04-04 15 John Helmer - From John Helmer in MOSCOW THE Russian diamond-pro-ducing republic of Yakutia has agreed to sell part of its output directly to the Central Selling Organisation (CSO) of De Beers, the South African group that controls 80 per cent of the world's307 words
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369 1992-04-04 15 AP ORLANDO, Florida Tight Japanese quotas on orange juice imports that have frustrated citrus growers for years expire on Wednesday and Florida officials are pushing quality in a bid to win Japan's huge market. The Pacific nation of 120 million, isAP - 369 words
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504 1992-04-04 15 Reuter LONDON Natural rubber prices will maintain their slow rally from very depressed levels towards the end of last year, traders said. But the trend is unlikely to gather much pace unless there is a sustained improvement in the world economy. "There hasReuter - 504 words
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Article304 1992-04-04 15 REPORTS HONGKONG: Gold closed firmer but ofT its day's high in quiet, narrow-range trade yesterday on light overseas short-covering and local physical demand, dealers said. Gold finished at U*****.90/$341.40 an ounce from New York's Thursday close of $340.40/80, after hitting an intraday high of304 words
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Page 15 Advertisements
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Advertisement6 1992-04-04 15 Innovation Technology in BT every Tuesday6 words
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Advertisement1052 1992-04-04 15 BUSINESS TIMES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 DUROTRICES PRIVATE LIMITED (In Members' Voluntary I Iquidationi FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. SO that a Final General Meeting of the Members of the abovenamed company will be held1,052 words
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Article, Illustration541 1992-04-04 16 Premier's report changed to endorse faster economic growth Reuter AP BEIJING China's Parliament ended its annual session yesterday with rare fireworks, ramming through humiliating changes to hardline Premier Li Peng's state-of-the-nation report in the latest sign of senior leader Deng Xiaoping's triumphReuter; AP - 541 words
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Article, Illustration616 1992-04-04 16 Finance minister also fired Reuter AP MOSCOW Russian President Boris Yeltsin removed his first deputy premier yesterday in a Cabinet reshuffle three days before a crucial session of Parliament. Gennady Burbulis, the second most powerful official in the Russian government, will keepReuter; AP - 616 words
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295 1992-04-04 16 AFP Bernama KUALA LUMPUR Malaysia's Primary Industries Minister Lim Keng Yaik has said there is an urgent need for a task force to counter anti-tropical timber campaigns after separate moves in Washington and New Zealand to protect allegedAFP; Bernama - 295 words
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228 1992-04-04 16 Bernama KUALA LUMPUR The Kelantan government's plan to implement hudud laws will have to be approved by the federal government as it involves amendment to the Federal Constitution, Deputy Minister in the Prime Minister's Department, Datuk Dr Abdul Hamid Othman, said yesterday. ImplementationBernama - 228 words
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280 1992-04-04 16 Reuter LONDON The Conservative government and its Labour opponents are waging a desperate battle for the electoral middle ground after opinion polls suggested Britain's April 9 election may still be heading for a photofinish. Neither big party has yet made aReuter - 280 words
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404 1992-04-04 16 Reuter TOKYO Japan's politically sensitive current account tr&de surplus hit a record US$lO.B billion (SslB billion) in February, breaking the previous high of U5510.37 billion set only last December, the finance ministry said yesterday. The surplus represented a 77 per cent rise over the comparableReuter - 404 words
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348 1992-04-04 16 Reuter WASHINGTON The US unemployment rate was unchanged in March at 7.3 per cent, the Labour Department said yesterday in the government's first report on the economy's performance last month. But the report signalled a tepid economic recovery as relatively few new jobs wereReuter - 348 words
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172 1992-04-04 16 AFP KUALA LUMPUR Malaysia's inflation, as measured by the national consumer price index (CPI), rose 4 J per cent in the 12 months to February, the Statistics Department said yesterday. In the 12 months to Janu-ary-February, the CPI rose 4.4 perAFP - 172 words
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Page 16 Advertisements
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Advertisement6 1992-04-04 16 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement149 1992-04-04 16 CHARTPOINT Every Saturday in Business Times S TURBOMETALL HTR SOLE AGENT (for Singapore) also India Malaysia Excitinq new two-component repair system for heavy industrial purposes it is manufactured with tne latest breakthrough made in the field of molecular bonds. Our product opens a new era in the field of joint149 words
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Executive Lifestyle
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Article, Illustration1397 1992-04-04 17 Simone Vaz - With business competition on the increase, how can a firm make sure that a customer chooses it over its rivals? Simone Vaz looks at some of the ways companies are doing business after five Simone Vaz KEEPING the customer sat- t isfied is what good business1,397 words
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STRAWS IN THE WIND
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Article51 1992-04-04 17 APPARENTLY, the National Trades Union Congress is studying the idea of running its own hospital. The current joke running around now is that its nurses will be called Comfort ladies, and the charges will be at a Fairprice. And, of course, they will have rooms to suit every51 words
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Article47 1992-04-04 17 YOU've heard of hamachi, maguro, loro, Haifa and uni sushi. How would you like to try some arakarap sushi? Then hop over to Sushi Nanko at Daimaru. If you can't figure out what arakarap means, just listen to it phonetically. It means "a la carte".47 words
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Article76 1992-04-04 17 IT USED to be that only car parks would fine you if you lose your parking coupon. Now you can get fined for misplacing an invitation card. During the recent SingaPort '92 conference, invitations were sent out by the organising committee to attend a cocktail reception. At76 words
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Article55 1992-04-04 17 OVER at Ikea, one curious shopper used to notice books with colourful vegetables on the covers and the title 'Godmad' on many of the book shelves on display. He used to wonder if the Swedes really thought God was mad until someone told him that it means "Good55 words
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OPINIONS
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Article, Illustration866 1992-04-04 18 Maggie Ford - Maggie Ford says recent events portend a harmonious meeting ot minds between the Australian and Indonesian leaders this month Maggie Ford The writer is BT's Jakarta correspondent LATER this month Mr Paul Keating, one of the region's newest leaders, meets President Suharto, one866 words
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1078 1992-04-04 18 Neville Stack - Neville Stack stifles a yawn as he surveys the British electoral scene Neville Stack t The writer is a London-hased journalist w ho contributes to HT AS IN most things British, the general election got off to a slow and gentlemanly style.1,078 words
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310 1992-04-04 18 Gillian Tan (Ms - LETTERS TO THE EDITOR Gillian Tan (Ms) Administrative Officer for Chief Executive Officer and Chief Planner Urban Redevelopment Authority 1 REFER to the letter on "URA and the planning process" dated March 21 by Mr Farok Majeed. URA has spared no cfTort to improve310 words
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Article205 1992-04-04 18 Elaine Swinn-Tan (Mrs - Elaine Swinn-Tan (Mrs) I REFER to the press report "SlA's plan to divest employees to new subsidiary hits snag" (BT, April 1). I would like to make a few clarifications. It was reported that "SIASU, which represents 9,000 SIA employees, then brought the issue to the205 words
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Article, Illustration697 1992-04-04 18 Kevin Sinclair - Kevin Sinclair discusses contempt for ordinary mortals Kevin Sinclair LIKE THE dynasties of imperial China, the British colonial government of Hongkong prefers to be obeyed without question or consultation. Blandly superior to the six million mere mortals which it rules with self-complacent competence and good order,697 words
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LIFESTYLE 1
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Article, Illustration799 1992-04-04 19 S N Vasuki - Singapore Airlines takes great pains to ensure that the wines it serves on board its aircraft are just right. S N Vasuki discovers what's involved S N Vasuki FLYING high takes on a new meaning if you consider just how much wine the millions of passengers who travel799 words
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Article, Illustration507 1992-04-04 19 Susan Tsang - There are hints of Hitchcock in Final Analysis, but that s about it. Susan Tsang reviews a movie that's a little short on real suspense Susan Tsang IN HIS film Final Analysis. director Philip Joanou pays homage to Alfred Hitchcock. Which is to say, he imitates507 words
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Article, Illustration711 1992-04-04 19 RINGO LIEW - CD Review By RINGO LIEW CONCRETE BLONDE: Walking in London Concrete Blonde is what the Pretenders could have been had Chrissie Hynde learned to ease up. The similarities are all there the savage flashes of wit and perception, the droll delivery and a lead singer711 words
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Article, Illustration558 1992-04-04 19 XiuQiong - Duxtons at Tanjong Pagar is a deli of classic charm. XiuQiong samples the food, chats to the friendly staff and admires the decor XiuQiong IN A LESS trodden part of Tanjong Pagar is a delectable place called Duxtons Deli and Wine Bar. Located at 21558 words
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Article644 1992-04-04 21 N K Yong - This is the first of a two-part series on the basics of wine appreciation WINE By N K Yong IAM often told: "I do not know anything about wine. I just know whether I like it or not." A good start. But a little time spent644 words
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Article, Illustration291 1992-04-04 21 Sybil Holloway - BRIDGE By Sybil Holloway WHEN Bob Hamman and Bobby Wolff of the United States, placed second in the Sunday Times/Macallan Malt sponsored International Bridge Pairs Championship 1992, took on Arnarson and Jonsson from Iceland. Hamman demonstrated excellent technique to make his game contract. Cover the291 words
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849 1992-04-04 21 Dr Michael B McGannon - By Dr Michael B McGannon The writer is a Stanford University-trained doctor who is the medical director of INSEAD Business-Health course, which is also offered here. He welcomes queries from readers. Write to him c/o Executive Lifestyle. Business Times. 390 Kim Seng Road.849 words
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EPICURE
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Article, Illustration502 1992-04-04 20 Quek Swee Peng - Quek Swee Peng samples traditional Foochow food at Shang Palace Quek Swee Peng IT might seem unfathomable that Shang Palace, a traditional Chinese restaurant, should bother with a Foochow promotional package. However, the idea would be perfectly plausible as far as Robert Kuok of Shangri-La Hotel is concerned.502 words
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PEOPLE
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Article, Illustration155 1992-04-04 21 WHY don't more Singaporeans go to Mexico? Maybe because they are not aware of its splendour and glory. Which was why the Embassy of Mexico decided to hold a video seminar reception for some 200 guests from travel agencies and the Singapore Tourist Promotion Board. ThePhotos by Chris Loh - 155 words
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Article, Illustration167 1992-04-04 21 BLACK. The theme for the local advertising industry's Oscar Night was hardly one to inspire creativity. Still, if an ad for a chicken rice shop can be jazzed up to bag the top award, then even basic black can be made exciting. Typical of the diversity of the167 words
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PURSUITS 1
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Article, Illustration840 1992-04-04 22 Samuel Ee - Samuel Ee reviews the latest Ford Telstar Samuel Ee FORD Telstar. a friend remarked when he saw one. Isn't that the proverbial "rose by any other name"? he asked sceptically. The truth is, the famous blue oval may sit on the grille of the Telstar, but840 words
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Article, Illustration562 1992-04-04 22 Salil Tripathi - Reviewed by! Salil Tripathi In Search of Conrad By Gavin Young Illustrations by Salim Hutchinson, London 304 pp, $39.95 AS A young boy, Gavin Young listened attentively to a schoolmaster reading a passage like any other to a bunch of bored students waiting for the school bell to562 words
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Article, Illustration761 1992-04-04 23 Ng Sek Chow - Anthony Christian may be based in Bali, but he paints in the manner of the European old masters. Ng Sek Chow reviews the artist's book which was launched in Singapore recently Ng Sek Chow THERE is something distinctly anachronistic about Anthony Christian's work. A British artist based in761 words
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Article, Illustration772 1992-04-04 23 Samuel Ee - Samuel Ee finds out what's up for grabs at a forthcoming exhibition cum sale of colonial furniture at the Hyatt Samuel Ee WHEN was the last time you brought up the subject of planters' chairs and suddenly got an earful of stories about "the closetPhotos by Chris Loh - 772 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration911 1992-04-04 24 Magdalene Ng - Magdalene Ng assesses banks on both sides of the Causeway Magdalene Ng AS AN investment, banking stocks often provide wide exposure to the various economic sectors ot a country. With the Malaysian economy poised for more high growth while SingaporeSource: Smith New Court Securities - 911 words
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Article, Illustration800 1992-04-04 24 HERE are comments about some Singapore and Malaysian banks culled from analysts. SINGAPORE BANKS DBS Bank: It is expected to benefit from its government connections, not so much in Singapore anymore, as the government has been spreading the goodies, but more so overseas.800 words
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Article, Illustration332 1992-04-04 24 Koo Choi Teng - Koo Choi Teng updates the BT Golf Index Koo Choi Teng THE BT Golf Index continued to hover around the same level, shedding just 1.59 points to close at 246.94 points for the month of March. A lot of the attention on332 words
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282 1992-04-04 24 CITIBANK Singapore will launch a finance package next week under which golf club members will be able to pledge their membership as collateral for a loan of up to $80,000. The scheme. Golf Power, aims to attract people earning at least $5,000 a282 words
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Article, Illustration663 1992-04-04 24 Goh Hiang Fong - CHART By Goh Hiang Fong The writer is the heatf of research at Lum Chang Securities Pte Ltd THE Tokyo Stock Exchange is going to provide the key to the future performance of the Singapore and Malaysian stock markets. During intra-day trading on663 words
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Article, Illustration1148 1992-04-04 25 Kooi Cho Teng - What sort of car insurance should you buy? How much should you insure your vehicle for? Who pays in an accident? Kooi Cho Teng looks at the policies being offered and finds out how you can reduce the damage to your wallet when1,148 words
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Article, Illustration647 1992-04-04 25 New ownership laws and the opening up of Indochina are likely to have a positive effect on the Thai residential property market Sunday Morning Post T:HE oversupply plaguing Thailand's residential market does not bode well for investors lookingSunday Morning Post; Source: Siam Commercial Bank and Jones Lang Wootton - 647 words
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732 1992-04-04 25 THE last thing to do when you are involved in an accident is panic. If you are at fault, be prepared to negotiate to reduce the damage to your wallet. If you are not the party at fault, remember to take down all the732 words
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SPORTS
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SIDE LINES
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82 1992-04-04 26 DENVER, Colorado Ji Soo Mo of South Korea shattered the world 1,500 metres short traek speed skating record he set earlier on Thursday with a time of 2 minutes 18.70 seconds in a semifinal heat at the World Short Track Speed Skating82 words
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Article116 1992-04-04 26 GOFFS, Ireland Dennis Taylor's ambition to win the Irish Masters was put on hold for another year here on Thursday when the former world snooker champion was beaten bv England's John Parrott in the quarter-finals. The reigning world champion romped home 5-1 to maintain his mastery116 words
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Article84 1992-04-04 26 LISBON Top-seeded Ivan Lendl qualified on Thursday for the quarterfinals of the US$5OO,OOO Estonl Mens Open. but No 3 seed Karel Novacek was eliminated as rain disrupted the day's play. Lendl defeated Spain s Javier Molina 5-7, 6-4, 6-2 in a rain-hampered match, but his84 words
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70 1992-04-04 26 SAO PAULO Brazil will use the same team that beat Italy in the quarterfinals for their next Davis Cup match against Switzerland, captain Paul Cleto said on Thursday. Cleto said Jaime Oncins, Luis Mattar, Cassio Motta and Fernando Roese, who beat Germany in70 words
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Article101 1992-04-04 26 V M. ATLANTA, Georgia Organisers of the 1996 Olympic Games on Thursday reversed a controversial policy allowing public officials to do business with the Games. An executive panel of the Atlanta Committee for the Olympic Games (ACOG) also repealed another policy that allowed ACOG to hire101 words
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Article123 1992-04-04 26 SAO PAULO World champion Ayrton Senna admitted on Thursday that he was unconvinced of the potential of his McLaren team's new high-tech racing car and worried about possible problems. Senna, who hopes to thwart the bid of championship-leading Briton Nigel Mansell for a third successive123 words
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435 1992-04-04 26 Reuter NEW ORLEANS Seve Ballesteros shot a five-under-par 67 to share the early first round lead with American Chip Beck in the million-dol-lar Freeport-McMoßan Golf Classic at the English Turn Golf Club on Thursday. "It was a very steady round," said Ballesteros. "IReuter - 435 words
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Article, Illustration450 1992-04-04 26 AMFRIPA'S CUP Reuter SAN DIEGO New Zealand scored a one-second victory in the most exciting race of the America's Cup challengers' trials on Thursday only to be disqualified on a technicality just minutes after their thrilling win. New Zealand crossed the finish of the 20.03Reuter - 450 words
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Article, Illustration328 1992-04-04 26 Susan Tsang - By Susan Tsang SINGAPORE Ramesh Krishnan of India overcame a one-set deficit to make it into the semi-finals of the Epson Super Tennis tournament yesterday, beating an exhausted Mark Woodforde 3-6, 6-1, 6-1. Joining Krishnan in the last four were third-seeded Dutchman Paul Haarhuis, and328 words
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540 1992-04-04 26 AP HILTON HEAD ISLAND, South Carolina Secondseeded Martina Navratilova was eliminated in straight sets on Thursday, while a qualifier for the first time in a decade made the quarterfinals at the U*****,000 Family Circle Magazine Cup. The top seed, Gabriela Sabatini of Argentina, ledAP - 540 words
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375 1992-04-04 26 AP HOUSTON Five-time Wimbledon champion Bjorn Borg rekindled memories of past glories with a crowdpleasing comeback attempt before yielding to Nicolas Pereira. The Venezuelan won 6-3, 6-7, 7-6 on Thursday in the River Oaks International tennis tournament. "Even though I lost, itAP - 375 words
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Article382 1992-04-04 26 AP SCOTTSDALE, Arizona Jack Nicklaus was uncharacteristically erratic on Thursday, but his flashes of brilliance outweighed his mistakes and gave him the lead in the first round of The Tradition. Nicklaus made just seven pars but offset a bogey and double bogey with eight birdies andAP - 382 words
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674 1992-04-04 26 Reuter SYDNEY Australian tennis, which once ruled the world through the deeds of champions like Rod Laver, Ken Rosewall and John Newcombc. is in crisis. A simmering debate as to why a once-great tennis nation is unable to boast a male playerReuter - 674 words
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Article1172 1992-04-04 27 City Flight ETA Flight ETD Abu MmM GA971 0950 Adelaide QF8 2010 SQ227 2115 2130 Amsterdam SQ19 KL837 0805 1340 KL838 SQ38 2325 2330 Athens 0A473 0110 QA474 2245 Auckland NZ21 SQ286 1700 1905 NZ22 1850 Bahrain GF148 0915 Ralihnanan OAfiX 1450 B Sari Begawan BI4211,172 words
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THE TRAVEL PAGE
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Article, Illustration568 1992-04-04 27 Patricia Wells - LETTER FROM PARIS By Patricia Wells STAYING power is a major key to success in any line, and in today's rocky restaurant world, it is those establishments that have followed a straight and steady course that keep their tables full and the clientele more than568 words
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Article11 1992-04-04 27 Source: Republic National Bank of New York11 words
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TIME OFF
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Article214 1992-04-04 28 Familiar Favourites Conductor Lim Yau. Soloist: Chua Lik Wuk (violin), accorded the distinction of being the first and only Singaporean to perform for Queen Elizabeth II on Commonwealth Observance Day. On the programme are Glinka's Overture to Russian and Ludmilla; Brahms' Violin Concerto; and Tchaikovsky's Selections from Nutcracker. Venue:214 words
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Article, Illustration299 1992-04-04 28 Yasotha M - Compiled by Yasotha M Exhibition by Pauline Gagnon On display are paintings by Canadian artist Pauline Gag- I non. Fifteen large canvasses will be on display. Venue: Delia Butcher Gallery, 39A. Cuppage Terrace, Cuppage Road. Apr 11-26. 1 lam7pm. Art Exhibition by Paul O'Shea Marius Paul O'Shea will be299 words
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Article, Illustration585 1992-04-04 28 American Kickboxer I. He's American, he kicks, he boxes, what more could any action fan want? Good acting is in short supply as John Barrett puts some life in his red bull. 1 lam show today at Yangtze 1. Midnight tonight and tomorrow at Cathay 2 and Bedok I585 words
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Page 17 Advertisements
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Advertisement282 1992-04-04 17 L THE WINNING EDGE IN-DEPTH BUSINESS NEWS FROM A PERSPECTIVE THAT IS MORE RELEVANT TO SINGAPORE BUSINESSMEN 4 rFor over two decades Singapore Business has covered the local and regional business scene with more depth and breath from a perspective which is more relevant to local businessmen than any other282 words
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Page 18 Advertisements
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Advertisement150 1992-04-04 18 A New Production of Melodious Piano Music Let your mind drift along with the soothing Songs Of The Sea Waves, a collection of 104 golden oldies brought together in a unique piano arrangement The beautiful melodies are just what you need to unwind and relax after a hard day's work.150 words
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Advertisement34 1992-04-04 18 BT welcomes letters from you. Please address them to: The Kditor, Business Times, 390 Kim Seng Rd. S'pore 0923. letters should include your contact numbers. RECRUIT QUALIFIED CANDIDATES THROUGH r flie Str,tits Times APPOINTMENTS34 words
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Page 18 Miscellaneous
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Miscellaneous39 1992-04-04 18 DOONESBURY yiR. president? yes. tapwAkamak&i cane FROM OPO. you IN, uwwvTosee TAD... Me* rt BY GARRY TRUDEAU AFRAID 50. SIR.. HZMAPEA STATEMENT BWXJNGTHE GULFUJAR AT THE WW OE6INNIN6. TH£ TECHNOLOGY £XJS7S. YES.S/R. HMM~. CANT BE WISTW 7 a £> 6339 words
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Page 20 Advertisements
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Advertisement480 1992-04-04 20 BUD LIGHT FIpWTW llv i 1 I nuime&jf SUNDAY TEMPTATIONS Every Sunday. Nutmeg's brings to you exquisite culinary surprises, fine wines and champagnes and the relaxing chords ot our jazz musicians. Seatood delicacies, Sunday tavourites, local specialities and even a touch ot American, await the family for a peaceful Sunday.480 words
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Advertisement252 1992-04-04 20 WHERE TO WINE, DINE... Cafe Plaza <2 Vi C W^ Vl > S2 INIERNAnONAL BUFFET 1-30 APRIL At our International Buffet, you can treat your palate to superb fare from exotic regions all over the world in the spaciousness of our fully-renovated Cafe Plaza. Adult: $16f+ (Lunch) $l&f+ (Dinner)* Child:252 words
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Advertisement347 1992-04-04 20 c? Gq'siTo<w- Gpamslt fore Carumba! All the best dishes of Spain are right here at Top of the M. Each guaranteed to make your day an oil day! Spiflfrh Buffet Lunch April 1 30 Noon 2.30 pm Adult: $36++ Child below 10: $18++ A la carte Continental dinner nightly from347 words
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Page 21 Advertisements
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Advertisement249 1992-04-04 21 AND ENTERTAIN > w 1 Classic Tea-Time Fashions In the month of March, a fashion extravaganza awaits you at the Fountain Lounge: April 4 Johnson L Levee Boutique April 11 Eunice Creations April 18 La Femme Fatale Boutiques April 25 Sunny Grace Enjoy a leisurely Saturday afternoon tucking into delicate249 words
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Page 22 Advertisements
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Advertisement768 1992-04-04 22 Here's your golden opportunity to win ag holiday at Sanctuary Cove on Australia's magnificent Gold Coast. The winners of the first four correct entries drawn will each receive: A return Business Class ticket to Brisbane, Queensland on British Airways, the World's Favourite Airline. 5 days/4 nights stay at the luxurious768 words
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Page 24 Advertisements
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Advertisement7 1992-04-04 24 Enterprise Management in Business Times every Monday7 words
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Page 25 Advertisements
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Advertisement55 1992-04-04 25 EXPRESS SHARE LOAN Turn your shares m into cash L. *3 instantly at Get cash on the spot for your shares for 1,2 or 3 months at 1% per month. Scripless counters are also acceptable. Flat (discounted) For more information, call our toll-free numbers. Hong Leong Finance 223 0936 Singapore55 words
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Page 27 Advertisements
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Advertisement41 1992-04-04 27 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and dtuly connections to over 35 European destinations- all for one price. Call *****77 for details. We know Europe from (Urt to Finnish.41 words
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Advertisement30 1992-04-04 27 Where to go for our magazines Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749-2577 for locations of nearest newsstands.30 words
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Advertisement72 1992-04-04 27 AND HELI OF ARRANGED MARRIAGES «The EJ hell: C He (would) drink and beat me. Punch my face, my stomach... burn my face m with his cigarette butt... O The heaven: 6 If you meet someone and fall in love, good for you. 9 What is it like to go72 words
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Page 27 Miscellaneous
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Miscellaneous277 1992-04-04 27 CRYPTIC CROSSWORD ACROSS 1 Take turns off to relax (6) 4 He could be in Madrid and Paris at the same time (8) 9 Remove an obstruction in the river (6) 10 Buttons said to represent danger to sailors (4,4) 12 Utter a line (4) 13 Good man gets a277 words
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Miscellaneous46 1992-04-04 27 WEATHER Singapore Outlook: Showers over several areas in the afternoon. Report: Maximum temperature 33.7 Assoc humidity 54% Minimum temperature 25.0 Assoc humidity 95% Hours of sunshine 6.55 Rainfall in mm Nil Rainfall this month Nil Rainy days this month 0 Temperatures are in "C. Source AP46 words
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Miscellaneous20 1992-04-04 27 4iiu rit» /.Because uusn ue Bggive ue. come ss&- (s&za ag sgjgs wc T nauB ~~V^ r C *»<OC>*TTO I20 words
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Page 28 Miscellaneous
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Miscellaneous1796 1992-04-04 28 TODAY'S TV MOVIES Bayangan Mailt, 3.45pm, SBC 5 A 1990 movie with crime, action and romance which was a local and Malaysian box-office hit. Inspector Razlan (Yusof Haslam) is head of a police crack team intent on busting a major drug smuggling ring. He wants to marry Farah (Noorkumalasari), but1,796 words
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Miscellaneous629 1992-04-04 28 MOVIES ON TV What the Moon Saw, Mon, 1.40pm, SBC 5 Nine-year-old country boy Steven spends a week in the big city and is mesmerised by the place, the people and, most of all, by a live pantomime about Sinbad. His imagination allows him to become Sinbad and embark on629 words
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