The Business Times, 16 May 1992

Total Pages: 30
1 30 The Business Times
  • 17 1 BUSINESS TIMES MITA (P) 35/12/91 Weekend Edition, May 16-17 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS & MARKETS
    • 69 1 TOKYO The Bank of Japan, boosted by high-interest lending to commercial banks, overtook Toyota Motor Corp as Japan's top earning enterprise in 1991, a major private research agency said yesterday. The central bank had an income of 1,611.2 billion yen in the
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    • 40 1 JAKARTA Indonesia will not deport thousands of Chinese nationals stranded here since 1967 when Jakarta and Beijing severed diplomatic ties, but it will encourage them to return to home, the Jakarta Post said yesterday.
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    • 27 1 BLUE CHIP stocks opened lower on Wall Street yesterday, with the Dow Jones industrial average down 8.94 points at 3,359.4 five minutes into the session.
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    • 26 1 LONDON share prices were lower at midday yesterday. At about 12:00 pm, (1100 GMT), the FTSE 100-share index was down 11.2 points at 2,109.
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    • 31 1 THE Singapore government yesterday outlined a three-phase plan, called the Certificate of Parking (COP) scheme, to stop drivers from parking their heavy vehicles indiscriminately at night. Page 2
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    • 37 1 MALAYSIAN Indian Congress president Samy Vellu seemed to be at odds yesterday with the chairman of the party's investment arm, Maika, over the controversial allotment of shares worth millions of dollars Page 2
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    • 36 1 NATSTEEL Ltd is involved in a three-way race with Japanese and Malaysian steel makers to set up a US$4O million (Ss64 million) rolling plant in the Vietnamese port city of Haiphong Page*
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    • 25 1 THE Singapore International Monetary Exchange (Simex) yesterday issued 25 new seats to meet increased demand for expanded trading activities. Page 6
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    • 29 1 THE South Korean government is emphasising the work ethic, sacrifice and frugality, as it tries to overcome the growing pains of an Asian economic miracle Page 7
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    • Article, Illustration
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  • 564 1  -  How the sectors performed: Manufacturing: -o.Bpc Financial and business services: +2.Bpc Commerce: I.9pc Construction: +23pc Transport and communications: +1 lpc Reports by Kenneth James SINGAPORE Although Singapore's economic engine sputtered in the first quarter, with manufacturing output shrinking for the first
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  • 173 1 SINGAPORE The Singapore Manufacturers' Association, voicing concern over the sector's downward trend, yesterday proposed four measures to help contain business costs. In a statement after the first-quarter results were released, SMA president Robert Chua called for A more moderate increase in labour costs, and
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  • 362 1 SINGAPORE The Singapore government has been asked to pump more money into a subsidiary of Brierley Investments Ltd (BIL), a move that could push its investment in the BIL group to beyond $1 billion. Officials of BIL and Mount Charlotte Investments
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  • 446 1  -  Buyer is building materials distributor By Dawn Tan SINGAPORE Marina Village International, the food and entertainment complex that led Moroccan businessman Elymanis Khamis into bankruptcy, has finally been sold. After a six-month struggle to sell the property, creditor bank Standard Chartered has found a
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  • 396 1  -  By S N Vasuki SINGAPORE The world's largest real-estate developer, debt-laden Olympia York (O&Y), went bust yesterday and the news ripped through the values of bank shares on global stock markets. Consequently share indices on Asian markets, including Singapore, closed
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  • Page 1 Advertisements
    • 83 1 Nikon TlwVMNtd'sFlnMt PhotogwpWc tyiUm. CONTENTS Aircraft Schedule EL 11 Commodities 17 Company News *.5 Cryptic Crossword EL 11 Futures Options 16 Interbank Fore* Rates 16 KLSE U Money Danger Rates EL 11 Money Market Regional Stock Markets SES Ships in Port Swiie* Sports IV Radio Unit Trusts Weather World News
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    • 4 1 Sectoral reports, Pg 3
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    • 15 1 Olympia York files for bankruptcy protection; Bankruptcy may lead to banks tightening credit, Pg 5
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  • PAGE 2 NEWS
    • 458 2  -  Owners of heavy vehicles, prime movers, trailers, mobile cranes affected by new scheme Reports by Dexter Lee SINGAPORE The days of drivers parking their heavy vehicles indiscriminately at night are numbered. The government yesterday outlined a three-phase plan, called the Certificate of Parking
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    • 428 2 SINGAPORE Heavy vehicle owners yesterday said they supported the move against indiscriminate parking at night, but some wondered whether the Certificate of Parking (COP) scheme was too inflexible. Singapore Lorry Owners Association chairman Francis Lee said it might not be necessary to impose a
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    • 305 2 SINGAPORE United Parcel Service Singapore Pte Ltd (UPSS) yesterday became the first international logistics services company in the country to be accorded operational headquarters (OHQ) status. In accepting the status, UPSS has committed itself to building up a sizeable headquarter operations. By 1994,
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    • 585 2  -  Controversy over MIC share dealings From Leslie Lopez in KUALA LUMPUR MALAYSIAN Indian Congress (MIC) president Samy Vellu seemed to be at odds yesterday with the chairman of the party's investment arm over the controversial allotment of shares worth millions of
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    • 276 2 Reuter BANGKOK A new securities and exchange law comes into effect today and is expected to prise open Thailand's capital markets and reduce corporate dependence on bank loans. The law sets up a new Securities and Exchange Commission (SEC) and allows
      Reuter  -  276 words
    • 254 2 SINGAPORE An explosion at an arms factory of government-owned Chartered Industries of Singapore Pte Ltd (CIS) killed one worker and injured another yesterday. Officials of CIS, the ordnance arm of the Singapore Technologies Holdings (STH) group, could not be reached for comment.
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  • Page 2 Advertisements
    • 199 2 PERSONAL INVESTING FINANCE SUPPLEMENT '98 A Special Business Times Survey July 23,1992 The alternatives to low-yielding bank deposits Bank deposit rates have plunged to one of their lowest levels. Banks and finance companies in Singapore are paying peanuts for such deposits; in some cases they are not even enough to
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  • ECONOMIC SURVEY OF SINGAPORE 1ST QUARTER 1992
    • 593 3  -  Financial services By Alvin Tay ALTHOUGH financial services shrank in the first quarter, banks are in better shape than the figures suggest. Official figures show that the industry's value-added dipped marginally by 0.7 per cent, the second time it has fallen in the
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    • 419 3  -  Transport Communications By Rahita Elias A STRONGER than expcctcd showing by Singapore's transport and communications scctor has sent analysts scrambling to revise upwards their forecasts for its performance for the year. Analysts contacted by BT said that although they had expected the
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    • 545 3  -  External trade By Schutz Lee A SUSTAINABLE recovery in the United States will boost demand for Singapore goods beyond the 2 per cent growth in external demand seen in the first quarter, economists say. They say a return to positive growth in the
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    • 626 3  -  Manufacturing By Chuang Peck Ming MANUFACTURING output fell in the first quarter but companies here are hopeful that it will pick up in the months ahead. The almost one per cent drop in output was the first quarterly fall since the
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    • 478 3  -  Construction By Lee Han Shih THE FACT that the construction industry has led Singapore's economic growth for the sixth straight quarter does not thrill some people, contractors included. "I don't like this feast and famine situation," a major local contractor said. "1 prefer a steady
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    • 303 3  -  Commerce By Sangeeta Mulchand THE TOURISM-linked industries are cautious about their prospects for the coming months because of a new trend: tourists are "buying smarter". While hotels generally did well from the 22 per cent rise in visitor arrivals in the first quarter,
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 137 4 KUALA LUMPUR Kramat Tin Dredging Bhd has reported an after-tax profit of M 5588,000 (*****,000) for the year ended Jan 31, 1992, against M$ 139,000 a year earlier. A Kramat Tin statement yesterday said pre-tax profit was M 5638,000 against M$ 172,000 previously, while turnover
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      • 147 4 KUALA LUMPUR In a move to diversify and expand its earnings base, property-based Kampong Lanjut Tin Dredging Bhd has entered into a joint venture with Shanghai Baogang Metallurgical Construction Corporation to make various steel products in Ipoh, Perak. Under the joint-venture agreement signed yesterday, high-quality
        147 words
      • 52 4 SINGAPORE Keppel Corporation's shareholders yesterday approved the company's proposed rights issues. The company had proposed a renounceable one-for-four rights issue of up to 119 million convertible unsecured loan stocks and another one-for-four rights issue of up to 119 million warrants to subscribe new shares in
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      • 48 4 SINGAPORE Malaysian Assurance Alliance Bhd has issued its prospectus on its proposed three-for-four rights issue of 35 million new shares and the company's proposed employees' share option. The proposals, first announced last December, will help the company strengthen its capital base and solvency position.
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      • 41 4 SINGAPORE Pang Yoke Min, a substantial shareholder at Jaya Holdings Ltd, bought 12,000 Jaya shares on May 12 and another 1,000 shares the next day at 90 cent apiece. Mr Pang is a director of the company.
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    • 330 4  -  By S N Vasuki SINGAPORE Tenaga Nasional Bhd, Malaysia's recently privatised state electricity firm, has reported a 711 per cent rise in group net earnings and 15 per cent rise in group turnover for the six months ended Feb 29. A bigger growth in
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    • 449 4  -  Viet ministry also talking to Japanese and Malaysian steel makers By Harish Mehta SINGAPORE Homegrown giant Nat Steel Ltd is involved in a three-way race with Japanese and Malaysian steel makers to set up a US$4O million (Ss64 million)
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    • 410 4  -  Replay taking place as Pacific Can calls EGM to make board changes By William Chia SINGAPORE A replay of the boardroom tussle at Pacific Can Investment Holdings Ltd is taking place at its marine associate Van der Horst, with the packaging company mov
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    • 308 4  -  By Genevieve Cua SINGAPORE Drinks manufacturer Yeo Hiap Seng Ltd (YHS) yesterday announced the stepping down of two senior executives, confirming market speculation of a management shake-up in the family-run group. The company said Michael Yeo Chee Wee ceased to be
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    • 250 4 SINGAPORE Haw Par Brothers International Ltd has sold its 50 per cent holding in Pioneer Die-Casting Industries Pte Ltd for $4.9 million. The sale of the company, which manufactures and distributes die-casting parts, will yield an extraordinary gain of $1.1
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    • 202 4 Reuter KUALA LUMPUR Malaysia Airlines (MAS) has signed orders for 17 Boeing 737-400 aircraft for USS6OO million (SS97B million) as part of an expansion programme. Twelve of the planes are fresh orders and five are being converted from an earlier option to buy,
      Reuter  -  202 words
    • 200 4 South China Morning Post HONGKONG The former chairman of the Carrian group. George Tan Soon-gin, will stand trial on eight corruption charges on June 1 after losing his bid in the Privy Council to delay the case. He had asked the
      South China Morning Post  -  200 words
    • 638 4  -  But couldn't SES approval have come earlier? By William Chia SINGAPORE It is heartening to note that the Stock Exchange of' Singapore (SES) has finally seen it fit to give its blessings to Amcol Holdings Ltd's one-for-three bonus issue. The approval suggests that
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    • 537 5 Olympia York files for bankruptcy protection in Canada and US Collapse of world's largest property developer Reuter AP TORONTO Olympia and York Developments ltd (O&Y), the world's largest development company, said yesterday it has filed for bankruptcy protection in Canada and the US while it struggles with more than CslB
      Reuter; AP; Source: Reuter  -  537 words
    • 315 5 NEW YORK The bankruptcy filing by Olympia York (O&Y) could cause banks to tighten lending just when credit is needed to help pull economies out of recession. Economists said yesterday that the US$lB billion (5529.3 billion) of debts by the Toronto-based developer could
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    • 447 5 Profits of Big Four houses down 96pc in year ended March '92 Reuter TOKYO Wait until next year, Japan's battered brokerages said yesterday as they announced earnings results from one of their worst years ever. Starved by a deep market slump and weighed down
      Reuter  -  447 words
    • 391 5  -  From Catherine Ong in HONGKONG THE Singapore stock market should challenge the 1,550 level in the next three-to-nine months amid signs of recovery in the US economy, according to forecasts by DBS Securities Singapore Pte Ltd. The more "serious
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    • 210 5 Reuter HONGKONG Property tycoon Li Ka-shing is expected to be among the first to line up for spoils from Olympia and York's crumbling empire when bankruptcy proceedings go through, analysts said yesterday. Olympia York Developments Ltd filed for bankruptcy protection on Thursday for
      Reuter  -  210 words
    • COMPANY BRIEFS
      • 82 5 TAIPEI Taiwan's Securities Exchange Commission (SEC) has approved a propositi by the state-run C hina Steel C orp (CSC to unload 360 million shares on overseas bourses. SEC officials said yesterday. The liquidation of CSC shares worth NT541.76 million (*****.4 million) is part
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      • 95 5 BOMBAY The Bombay Stock Exchange (BSE) closed yesterday after police froze the bank accounts and shareholdings of its biggest bull player, who is involved in a multi-bil-lion rupee securities scandal. "The Governing Board decided to close the market to facilitate pay-in of (two-week) settlements ended
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      • 116 5 BONN Germany's Lufthansa registered record losses of USS27O million (*****.7 million) in 1991 and US$234 million in the first quarter of this year, the state-run German airline announced on Thursday. Lufthansa chairman Juergen Weber, and his deputy Klaus Schiede said the company will adopt a radical
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      • 97 5 LONDON Conglomerate Hanson pic's first half results showing a £100 million (*****.16 million) fall in pre-tax profits to £488 million were in line with the company's expectations in view of the worldwide recession, chairman Lord Hanson said in a statement. The company announced a 2.75p dividend,
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      • 109 5 SYDNEY Australia's international carrier Qantas Airways Ltd plans to increase flights and expand its network in Asia to tap the growing tourism market in the region, its chief executive said yesterday. John Ward said the expansion ot Qantas services was planned for late October, making
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      • 107 5 DUBLIN GPA Group pic, the world's largest aircraft leasing firm, on Thursday launched the prospectus for its June stock market debut and said it would sell about 28 per cent of the company to buyers in Europe. Japan and America. Shannon-based GPA also released
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  • Page 4 Advertisements
    • 252 4 BUSINESS TIMES EXECUTIVE APPOINTMENTS Toll free Tel No 737 0043 Fax No: 734 3608 7r We are an International company dealing with the building of systems for the plastic Industry. In keeping with our expansion plans, we have started a Joint-venture wth our Japanese partner in Japan. We are looking
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    • 4 4 Hot Stock, Pg 8
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  • Page 5 Advertisements
    • 47 5 M \Kl\< I I S l\ I \l»\\: WORKSHY liti- Vu \H»«si OCEAN I u Tii. .ml vi t»iu■ -mull 11' l.i; 11 TROUBLE MIND I AS( IN AI lON "V r< > $v. J* -ras M :*NI V v Wim P W&m: •< 'mm 4 -V -•>, ''y' y
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  • FINANCIAL NEWS
    • 318 6  -  By Shoeb Kagda SINGAPORE The Singapore International Monetary Exchange (Simex) yesterday issued 25 new seats to meet increased demand for expanded trading activities. The new seats will be offered at $180,000 each "after taking into consideration the recent transacted prices of Simex
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    • 325 6  -  By Kooi Cho Teng SINGAPORE Bangkok Bank Ltd, the largest bank in South-east Asia, has successfully raised US$l25 million (Ss2o6 million) from offshore capital markets, despite the fine pricing. The low coupon rate on offer had been expected to deter foreign banks, but the deal
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    • 289 6 Reuter TOKYO Major Japanese banks, frightened by last month's volatility in share prices, are mapping out plans to achieve international capital adequacy requirements even if the stock market resumes its fall. "We must achieve the capital adequacy requirements. We are forced to map out
      Reuter  -  289 words
    • 616 6 DBS Bank weekly currency review US$/Dm: Bears still alive The bearish outlook for the US dollar gained momentum last week when it broke the support level at 1.6260 Deutschemarks to reach a low of 1.6045 this week. The selling pressure gave
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  • SHIPS IN PORT

  • THE REGION/THE WORLD
    • 661 7 Govt emphasising work ethic as the country becomes affluent AFP SEOUL The South Korean government is emphasising the work ethie, sacrifice and frugality, as it tries to overcome the growing pains of an Asian economic miracle. Predicting a difficult transition period of
      AFP  -  661 words
    • 32 7 BEIJING A People's Armed Police officer, with a brick tied to his hand, checking the time during a morning gun handling exercise yesterday in the Forbidden City.
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    • 350 7 AP Reuter WASHINGTON Nobel Peace Prize winner Aung San Suu Kyi, in her first public statement in nearly three years, has expressed hope for reconciliation and change in military-ruled Myanmar. The statement, read by her son as Mrs Suu Kyi received a human rights
      AP; Reuter  -  350 words
    • 381 7 BANGKOK Thailand has called on South Korea to ease the stringent non-tariff barriers and later, tariff rates in order to encourage exports from Thailand, the Bangkok Post reported. The call was made during the seventh joint meeting of the Korea-Thailand Economic Cooperation
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    • 496 7 Reuter NEW YORK United States companies have big plans to improve quality but are far behind their toughest foreign competitors in giving their customers what they want, according to a study released on Thursday. The study, a collaboration of Ernst Young and
      Reuter  -  496 words
    • WORLDWATCH
      • 101 7 HANOI Hanoi has given a licence to a Taiwan company and three Vietnamese joint-venture partners to build a US$7O million (*****.8 million) residential complex with a golf course, hotel and tennis courts, according to a newspaper report seen here yesterday. The complex,
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      • 93 7 KUALA LUMPUR Malaysians are encouraged to grab the lucrative investment opportunities offered by the Vietnamese government in 36 infrastructure projects worth US$2.3 billion (Ss3.B billion) mainly in Ho Chi Minh City, which is currently in need of investment until the year 1995, a real
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      • 76 7 TAIPEI Leaders of three major industrial groups in Hongkong will visit Taiwan to seek closer economic tjes with the island and prepare for the colony's reversion to Chinese rule, a business leader here said on Thursday. The Hongkong Federation of Industries, the Chinese Manufacturers Association
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      • 93 7 WASHINGTON The United States could lose its leadership in biotechnology to Japan by the end of the decade unless it stops the one-way drain of technology, the National Research Council reported on Thursday. The group, an arm of the prestigious US National Academy ol Sciences,
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      • 94 7 OTTAWA Canada and other members of the Commonwealth may be ready to lift trade and economic sanctions against South Africa within a few weeks. External Affairs Minister Barbara McDougall said on Thursday. But this would depend on how much progress is made at South Africa's
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    • 607 7 But economists not optimistic much can be done IHT LONDON With the battle against inflation now in its final phases, European poli-cy-makers are shifting their focus to chronically high unemployment. The shift in priorities is easy to explain the European Community reported on Thursday that
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    • 494 7 FT UPI ISLAMABAD The Pakistani government announced on Thursday an annual budget containing new taxes to narrow its deficit while claiming that it intends to carry on with liberalisation of the economy. The measures did not appear to hit ordinary poor Pakistanis directly,
      FT; UPI  -  494 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3374 8  -  By Joseph Rajendran THE Singapore stock market started on a bright note but falls in regional markets dampened the mood in the afternoon session. Profit-taking and pressure from regional bourses following the bankruptcy filing of Olympia York, the world's largest real estate developer,
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    • Article, Illustration
      64 8  -  By Anthony Pang Comment AFTER rising steadily since mid-April, this counter is due for a consolidation. It has broken the $1.00 resistance level, but short-term indicators are bearish. If it consolidates between 99 cents and $1.08, look for an upside break which could bring the stock to $1.20
      SOURCE: BRIDGE INFO  -  64 words

  • 1032 9 MAIN BOARD MMDS, LOUIS 1 WARRANTS Gr's 1992 C UIT Last Vol Day Last Quote Rate YTd High lei Company Traded Sale 0T-(-000) High Low Buyer Seller <%) <%> 61 59 1593 Berjaya Grp Ln HK 61 32 328 12 386 8 266 t 1521
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  • Page 9 Advertisements

  • 1946 10 CLOB INTERNATIONAL Higl 1992 Low Gr's Gr's Tri Cmt Last Vol Day Last Quote Di* Di* VM Net M Cm Code Company Traded Side +or- (TOO) High Low Buyer Seller Or P/E Sm.l EUROPEAN STOCK 77 66 1292 GIL US$0.10 US 66 cd -3 35
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  • Page 10 Advertisements
    • 162 10 HOME. DELIVERED WEEKLY J i»5 A e**' \o° >Zv* w XV* v e» 9* c» t«o #m%> > et s^ WA=- <$.%&£■ "'■<■??:■ v iT'V^ %r 11l®ilfc V The Straits Times Waddy Overseas Edition. A crisp summary of happenings in Singapore. Politics, the economy investment opportunities, appointments... And snippets on
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  • KUALA LUMPUR STOCK EXCHANGE
    • 483 11 Bernama LACK of follow-through from earlier bargain hunting activity brought share prices to an easier close yesterday. Investors were unwilling to hold large positions over the weekend and decided to take profits from earlier rises on concern over the market's near-term prospects
      Bernama  -  483 words

  • STOCK EXCHANGE OF THAILAND
    • 153 12 Reuter SELLING slowed yesterday while some investors entered the market to buy in the belief that this weekend's anti-government rallies would be free of violence, brokers said. The SET index ended 4.93 points higher at 732.89 on turnover of 2.44 billion baht, one of
      Reuter; Source: Bridge Info  -  153 words
  • JAKARTA STOCK EXCHANGE
    • 99 12 STOCK prices closed little changed in active half-day trade yesterday, brokers said. The official index eased 0.06 point to 290.18 on turnover of 7.35 million shares against Thursday's 8.13 millioff. Textile company Argo Pantes fell 50 rupiah to 3,850 with 156,000 shares traded.
      Source: Bridge Info  -  99 words
  • Page 12 Advertisements
    • 10 12 ssiss offers the most current list of Job opportunities available.
      10 words
    • 24 12 Due to technical problems, prices published yesterday were inaccurate :M M anagen /l/|ust F lanage 1' '.4 '4~ BT shows you how every Monday.
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  • TOKYO STOCK EXCHANGE
    • 2313 13 UPI STOCK prices plunged 3.9 per cent yesterday on rumours that Canada's Olympia and York Development Ltd, the world's largest property developer, may file for bankruptcy protection. The key Nikkei average of 225 selected issues nosedived 730.33 points to 18,074.27 after rising 36.03 points on
      UPI  -  2,313 words
  • STOCK EXCHANGE OF HONGKONG
    • 2436 13 Reuter SHARE prices closed lower as retail selling was triggered by expectations of a market correction and lingering concern over talk of a rights issue by Hutchison Whampoa yesterday, brokers said. The blue-chip Hang Seng Index ended the day down 41.95 points or 0.73
      Reuter  -  2,436 words

  • AUSTRALIAN STOCK EXCHANGE
    • 1718 14 Reuter THE stock market fell to its lowest close yesterday in two weeks with investors unsettled by a variety of rumours as well as weakness in Japan. The downbeat tone was established by sharp falls in News Corp and bankruptcy proceedings involving Canadian real
      Reuter  -  1,718 words
  • REGIONAL STOCK MARKETS
    • Manila shares inch up to year's new peak
      • 149 14 SHARE prices rose marginally yesterday as investors paused after this week's bull run caused by elation over the largely peaceful conduct of Philippine elections, brokers said. The Manila Stock Exchange composite index inched up by 1.02 points to end at 1,338.37, a 1992 peak and well within sight of
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      • 158 14 STOCKS ended slightly higher in weak trade with selective buying of low priced shares and dull trade of large capitalisation shares yesterday, brokers said. "Customer deposits with securities houses kept falling due to the tight money situation. And thus there was a lack of energy in the market," said
        158 words
      • 104 14 SHARE prices gave up modest, early gains to end slightly lower yesterday after a day of thin and narrow trade as sentiment remained poor, brokers said. The weighted index lost 8.14 points to 4,292.46. Cement and paper shares edged up and food was steady, but other sectors fell. Turnover
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      • 95 14 THE share market took a breather after its bull run of the last four days, closing up only slightly in busy trade yesterday. Fletcher Challenge's 12-cent fall to NZ53.63 pulled the NZSE-40 capital index down in early trade, but support for Carter Holt Harvey later boosted the index
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      • 88 14 Reuter THE Bombay Stock Exchange closed yesterday after police froze the bank accounts and shareholdings of its biggest bull player, who is involved in a multi-billion rupee securities scandal. "The governing board decided to close the market to facilitate pay-in of (two-week) settlements ended on April 30," it said
        Reuter  -  88 words
      • 54 14 INDICES TURNOVER Close «1 nr*KHis May IS MftHILft Composite Index 1.338.37 1.337.35 1.02 Turnover (mil pesos) 374.3 772 -397.7 TAIPEI Weighted Pnce Index 4.***** 4.300.60 •8.14 Turnover (NTS billion) 17.8 20.8 -3 SEOUL Composite Stock Index 589 30 587.56 1.74 Turnover (billion won) 293.5 327.8 -34.3 NEW ZEALAND NZSE-40 Capital
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  • WORLD STOCK MARKETS
    • Dow slides as interest rate hopes fade
      • 80 15 INDICES TURNOVER \lav 14 (hist I'lV* HHJN NEW YORK l)ovv Jones 3.368.** 3.3*»l -23.10 S& 1' 500 413.14 4I6 4> -3.31 1 uinovel (nullum) 200.4 1716 2** LONDON 1 manual limes *0 2.120.2 2.136 2 -16 hTSE 100 2.*>94.7 2.720.5 -25* Turnover (million) 650.* 543.5 107.3 FRANKFURT l>\.\ Index 1.742.26
        80 words
      • Article, Illustration
        266 15 STOCKS closed broadly lower in heavy trading on Thursday as the hoped-for easing of interest rates never came, leaving the market vulnerable to com-puter-driven sell programs ahead of the "double-witching hour." The Dow Jones Industrial Average, which regained 6.86 points on Wednesday, lost 23.10 points to 3,368.88. Among
        266 words
      • Article, Illustration
        168 15 THE London Stock Exchange reversed early gains and closed lower on Thursday, depressed by rising unemployment in Britain and a poor start on Wall St reet The blue-chip FTSE-100 index, which dropped 1.9 points on Wednesday, closed down 25.8 points, at 2,694.7 points. The narrower Financial Times 30 index
        168 words
      • 135 15 THE Frankfurt stock market suffered a moderate loss on Thursday, as the DAX spot trend index shed 7.16 points to close at 1,742.26, and the Commerzbank indicator 8.5 points to 1,982.3. Operators said the decline was due to continuing uncertainties in Germany, particularly with the threat of a strike
        135 words
      • 151 15 DUTCH shares closed on Thursday more than one per cent lower on options and futures related selling ahead of Friday's expiry of May options and futures series. A lower opening on Wall Street caused a selling wave after trading had been slow until late afternoon, dealers said. The 25-share
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      • 183 15 A BATCH of poor French company results and worrisome signals from key foreign economies stoked a surprise selloflf of French shares on Thursday, erasing a large slice of the Paris bourse's gains of the past two weeks. The CAC-40 index ended down 36.17 points or 1.76 per cent to
        183 words
      • 194 15 SHARES closed broadly lower on Thursday, weakened by losses in Fiat and other blue chips that drove the market down to a fresh three-year low ahead of the monthly closing account. Dealers said many investors took the decline in Fiat stocks seriously, since they came the day before the
        194 words
      • 129 15 DEPRESSED by Wall Street's lower opening, Swiss shares gave up their midsession gains and turned lower at the close on Thursday, brokers said. The All-Share SPI index ended 5.8 points lower at 1,206.9 after peaking at 1,213.4 at midsession. The SMI leading share index fell 8.5 to 1.945.0. "Wall
        129 words
      • 118 15 SHARES fell in profit-taking after recent gains on Thursday, dealers said. The bourse all-share index fell 0.69 per cent to 987.09 while the top-16 index lost 0.93 per cent. Volume was moderate, and shares worth 616 million crowns changed hands. "Generally speaking, trade has been calm, but there is
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      • 90 15 OIL MAJOR Petrofina and utilities group Electrabel led the Brussels bourse down on Thursday, as expectations of a rise in long-term interest rates and renewed fears of strikes in Germany weighed on prices. The Bel-20 index of leading shares ended 6.62 points or 0.54 lower at 1.215.12 on volume
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      • 150 15 THE stock exchange indices rose sharply on Thursday as keen buying of blue chip shares, mainly by pension funds, drove prices higher, dealers said. The industrial index broke above the crucial resistance level of 4,550 as it rose 38 points to a record high of 4,572, surpassing the previous
        150 words
      • 149 15 STRONG gains in golds, with the sector's index rising 3.66 per cent, lifted Toronto stocks from midday lows, though losses in most other sectors kept the market lower on Thursday, dealers said. The financial services and the communications sectors both closed down more than 1.5 per cent. Olympia York
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  • CURRENCY, MONEY & FUTURES MARKETS
    • 1225 16 REPORTS Tokyo: The US dollar yesterday ended higher against the yen and the Deutschemark on short-covering after Thursday's US money supply data showed a sharp rise. The US currency jumped against the Canadian dollar on news that Olympia York Developments Ltd
      1,225 words
    • 27 16 Source: UOB Source: Astley Pearce OCBC Exchange Rate Index May 15 C" trai xirc d 6.42 t the 1 12 tr jjS Source OCBC
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    • 40 16 Rates quoted by Astley Pearce Rates quoted by NatWest Sow Ha\cd on latest twites Source: The Monetary Authority of Singapore fiilrul Ihink tii\i outil iiit> Itrrutr <>' 12 Ixmkx I lihil Source: National Westminster Bank Source: National Westminster Bank
      40 words
    • 545 16 But core of currency's zone is holding firm Reuter MOSCOW Several former Soviet republics are trying to dump the rouble, but the core of the rouble /one is holding firm as the currency edges towards convertibility. All 15 former republics inherited the rouble
      Reuter  -  545 words
    • 523 16 Note Open interest and actual volume are for previous day trading Source: Singapore International Monetary Exchange May 15 INTEREST RATE OPTIONS SIMEX EURODOLLAR May 15 Jun 92 calls High Low Sett Jun 92 puts High Low Sett 9500 9525 9550 9575 9600 9625 105 A 81A 56A 32A
      523 words
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  • COMMODITIES
    • 830 17 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market reached a nine-month high yesterday when it added 24 sen to close at MS 15.29 per kgDealers said the market went up sharply, boosted by the higher London Metal
      830 words
    • 411 17 Reuter LONDON Scandal-driven losses in the Bombay Stock Exchange combined with the recent liberalisation of Indian gold imports could prompt local investors to seek refuge in the precious metal, analysts said. "Locals will have had it proved to them that
      Reuter  -  411 words
    • 321 17 Reuter SYDNEY Australian gold miners will need tough survival tactics to ride out an industry slump causcd by low gold prices, analysts say. "I think as times get tough, as costs increase and grades get lower, producers will use any mechanism to reinforce
      Reuter  -  321 words
  • 5 17 Source: UOB Source: Telerate
    5 words
  • Page 17 Advertisements
    • 6 17 Innovation Technology in BT every Tuesday
      6 words
    • 1309 17 BUSINESS TIMES IN THE MATTER OF THE COMPANIES ACT,CAP.SO AND IN THE MATTER OF PROFIT INVESTMENTS PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 7500 A Beach Road. #*****/022.The Plaza, Singapore 0719 on Friday. 15th May 1992 at 10 00 a m thefotowIng
      1,309 words

  • 487 18  -  Philippine election From Al O Labita and Alec Almazan in SINGAPORE FIDEL RAMOS wrested the lead in the presidential race yesterday from Miriam Defensor Santiago, who called for mass rallies to protest against what she termed wholesale election fraud. With more than
    487 words
  • 429 18 Reuter BONN Germany lurched towards mass strikes after a second round of last-ditch talks for metal workers collapsed on Thursday and public employees rejected a pay deal agreed on by their leaders last week. A strike in the key engineering sector, the
    Reuter  -  429 words
  • 310 18 AFP NEW DELHI The Bombay Stock Exchange (BSE) closed yesterday after police froze the bank accounts and shareholdings of its biggest bull player, who is involved in a multi-billion rupee securities scandal. "The Governing Board decided to close the market to facilitate
    AFP  -  310 words
  • 267 18 BANGKOK More than 200,00 people are expected to attend an opposition rally tomorrow against Thai Prime Minister Suchinda Kraprayoon, opposition sources say. The opposition is resuming protests that began last week, following the collapse of an agreement said to have been reached
    267 words
  • 124 18 AP WASHINGTON US industrial production jumped 0.5 per cent in April, the third straight advance in output at the nation's factories, mines and utilities, the government said yesterday. "The April increase was led by a sharp rise in auto production,** the Federal
    AP  -  124 words
  • 332 18 FT SYDNEY The future of two senior members of Australia's federal Labor government was in doubt yesterday after Prime Minister Paul Keating demanded a written account of their relationship with a businessman facing criminal charges in the Marshall Islands. In a
    FT  -  332 words
  • 663 18  -  The Bottom Line PATRICK DANIEL PATRICK DANIEL The writer is BT's Editor SOMETHING remarkable has happened in the last few weeks. As one economist put it, there's been a "sea change in expectations". A month ago. a wet blanket of pessimism seemed to have descended
    663 words
  • 443 18 Reuter AP TASHKENT, Uzbekistan Leaders of the Commonwealth of Independent States (CIS) yesterday agreed to reduce the former Soviet Union's conventional forces and chemical weapons stockpile, a press spokesman said. At their fifth summit, the CIS leaders also agreed on joint use
    Reuter; AP  -  443 words
  • Page 18 Advertisements

  • Executive Lifestyle
    • 1346 19  -  Why are the books of award-winning writer Chua Chim Kang not selling as well as those by, say, Catherine Lim? Susan Tsang assesses the lot of the Chinese author in an English-dominated literary scene Susan Tsang WRITERS like Philip Jeyaretnam and Bonny Hicks have never
      Photoshop by Ben Cruz  -  1,346 words
    • STRAWS IN THE WIND
      • 38 19 MIND-BOGGLING stuff from sometime philosopher and full-time porn star Veronica Yip: "When I strip, it's not to let you see me clearly, but to let me see you clearly..." As another philosopher. Balki Bartokomous. would say: "Wwwow!"
        38 words
      • 46 19 THERE'S talk in the market that erstwhile editor of The New Paper, Peter Lim, has been appointed consultant to NTUC to run a second national paper. Wits are already quick to suggest names for the paper. Comfort News, said one. The New Comfort, suggested another.
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      • 47 19 LATEST barbed joke making the rounds of the Washington political circles: "Bush blamed the LA riots on the failed policies of the '60s. Which '60s? Was he referring to the 1960s and LBJ's Great Society? Or was it the 1860s and the freeing of the slaves?
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      • 85 19 DR Michelangelo, 1 presume? Some people like to doodle at work when they're bored or when they need to de-stress themselves. But that's nothing compared to a US surgeon, who was recently cleared of misconduct on charges of drawing "happy faces" on his patient's genitals with a marker
        85 words
    • OPINIONS
      • 749 20  -  In the light of the Los Angeles riots, Walton Morais discusses what black Americans need to scale the mountain and see the other side Walton Morais The writer is BT's Foreign Editor AS THE stark images of the Los Angeles riots fade, and
        749 words
      • 178 20  -  LETTER TO THE EDITOR Lim Joke Mui (Mrs) I REFER to the story "DBS Land eyes 2 sites in Ho Chi Minh City" (BT, May 14). The context in which the article appeared gave the impression that DBS Land was close to finalising
        178 words
      • 888 20  -  Nirmal Ghosh regrets that the environmental issue has been reduced to questions of politics and economics Nirmal Ghosh The writer is a BT journalist OPENING an international environmental event in New Delhi in November 1989, the Duke of Edinburgh asked the assembled business leaders to look around
        888 words
      • 674 20  -  Ayako Sono says Japan should condemn the arms trade forcefully Ayako Sono The writer is a well-know n female novelist and essayist who has written hooks on various social issues and religious themes based on Catholic beliefs I OFTEN THINK Japanese should express
        674 words
    • REVIEWS
      • Article, Illustration
        628 21  -  My Cousin Vinny is not much of a courtroom drama, but you can still get some good laughs out of it, says Jaime Ee Jaime Ee LOOK at the title. My Cousin Vinny. Don't look at the ads. Don't look at the production notes. Try and guess
        628 words
      • 571 21  -  Don't let the far-fetched plot of Truly, Madlv, Deeply put you off. For all its improbable ghosts, this is a movie worth watching, says Cheryl Liew Cheryl Liew NINA has a nice job as a translator, a circle of multi-ethnic, very caring friends, and a man
        571 words
      • 620 21  -  Jaime Ee on why Sylvester Stallone should stay away from comedy and Estelle Getty should stick to being a bitterly cranky Golden Girl Jaime Ee IMAGINE, if you will, a sawn off tree trunk. Stout, rather short, and dark with a bit of moss on
        620 words
    • EPICURE
      • 283 22  -  Quek Swee Peng samples specialties at two Chinese restaurants Quek Swee Peng FEW restaurants can boast a comprehensive herbal menu. Moon Pavilion at Orchard Parade Hotel can. It proudly displays its array of familiar and not-so-familar herbs in a cabinet at the side entrance of the restaurant.
        283 words
      • 279 22 IT IS NOT unusual to find sharks' fins a mainstay of the Chinese menu. But it is rare, indeed, to stumble upon sushi as well. At Lei Garden. rolls of non-fish sushi find themselves surrounded by asparagus spears in mayonnaise. Each sushi comes meticulously wrapped in seaweed.
        279 words
    • LIFESTYLE
      • 700 23  -  Are Singapore sommeliers getting the status and pay their profession deserves? WINE By N K Yong ABOUT this time every year, the subject ot sommeliers is particularly topical because this is when one or other of the two most significant sommelier competitions takes place.
        700 words
      • 340 23  -  BRIDGE By Sybil Holloway THE 1992 Philip Mor-ris-sponsored European Mixed Championships, whieh was held in Ostend. Belgium, attraeled 76 teams and 306 pairs from 21 nations. The Swiss teams event was won by Domnique Pilon of Franee and his teammates Christian Mari. Marie-France
        340 words
    • PEOPLE
      • 154 23 IT wasn't open house at the Istana last Saturday. Or the place would have been swamped by visitors. Rather, it was a gathering for a more select group of about 250 professionals, business leaders and academics. The occasion? Just a relaxed garden party hosted by
        154 words
      • 118 23 FOR he's a jolly good fellow" might have been the farewell song for banker Tan Chin Tuan, who last week announced that he was not seeking another term as chairman of Great Eastern Life Assurance Co Ltd. Mr Tan. who had served on GE Life's
        Photos by Arthur Lee and Chris Loh  -  118 words
      • 138 23 YOU would expect businessmen to invest in business ventures, naturally. So it was quite a change from the norm when several big guns were asked on May 8 to invest in the nation's reservists via a stake in the Safra Resort Country Club (SRCC). The SRCC is
        138 words
    • PURSUITS 1
      • 645 24  -  Delia Soong is a woman who does all things well and who also believes in doing good to others. Cheryl Liew finds out more Cheryl Liew AT THE age of 66, Delia Soong is living proof that life goes on beyond 50, and that if anything,
        645 words
      • 665 24  -  Nirmal Ghosh Nirmal Ghosh meets some unusual dogs and their proud owners AMONG the stranger questions that Dan Lee has been asked when he walks his Italian greyhound is "Excuse me, is that a kangaroo?" It most certainly is not. Ten-month-old El Tazzo Jack o' Lantern, who
        Photos by Nirmal Ghosh and Arthur Lee  -  665 words
      • 517 24  -  Susan Tsang talks to Singapore writer You Jin, whose books have taken China by storm Susan Tsang THAM Yew Chin gets by on four hours of sleep each night. She has to. In addition to juggling work and family, this teacher and mother of three school-going
        517 words
      • 580 25  -  Wendy Chan gets a taste of pueblo life down New Mexico way Wendy Chan YOU are in Meh-hii-co, as the natives used to say in those spaghetti westerns Or was it Speedy Gonzales? But, a Meh-hii-co by any other name would be just as ethnic. And
        Photos by Wendy Ch  -  580 words
      • 668 25  -  Julie Chatterjee, who was in London recently, highlights the best art exhibitions now on in the city Julie Chatterjee ART. It's probably still the most sought after pursuit of the culture vultures who sporadically swoop into London. And for those planning a trip, this
        668 words
    • PERSONAL FINANCE & INVESTMENT 1
      • 1065 26  -  S N Vasuki consults analysts in leading brokerages for alternative views to that of the URA and property consultants S N Vasuki "CONTRARY to widespread expectations of a downturn in the Singapore property market this year, go vern men t figu res
        1,065 words
      • 486 26  -  CHART^ By Goh Hiang Fong The writer is the head of research at Lum Chang Securities Pte Ltd THE Singapore market has been forming an interesting symmetrical triangle pattern which could mean that the market is poised to trade much higher, most
        486 words
      • 726 26  -  Shoeb Kagda reports on why bargain-hungry investors are placing their bets on France's bond market Shoeb Kagda r iitKt is money to oe I made from European JL markets, especially given the uncertain economic situation in the United States and Japan in the mediumterm. European
        726 words
      • 720 27  -  Colin Tan looks at the loan packages some banks are ottering to prospective buyers of Housing Board shops Colin Tan SINGAPORE'S giant retail banks are quietly gearing up for next month's start of a massive programme by the Housing and Development
        720 words
      • 481 27 THE Housing and Development Board announced in March that it would sell about 12.000 of its 16,000 rental shops to sitting tenants from June 1. The sales will take place over the next seven to 10 years, with about 1,200 shops to be offered
        481 words
      • 309 27  -  Kooi Cho Teng updates the BT Golf Index Kooi Cho Teng THE BT Golf Index dropped 5.73 points to 241.21 in April, confirming the general feeling that membership prices peaked a year ago and will gradually fall to the level of early
        309 words
      • 617 27 Dealers, however, expect to ride out price falls Reuter THE heads of four major Londot bullion houses see few bulish signs ahead for a gold price wallowing near sixyear lovs, but feel most dealers witt weather the current doldruns on the back of buoyant
        Reuter  -  617 words
    • SPORTS
      • SIDE LINES
        • 138 28 WINTERGREEN, Virginia Triple Tour de France winner Greg LeMond regained the lead in the Tour Du Pont cycle race on Thursday with an llth-place finish in the toughest stage. LeMond, who has not won a stage race in his native United States in
          138 words
        • 94 28 INDIANAPOLIS Nelson Piquet, the triple formula one world champion, was in good condition on Thursday morning after undergoing six more hours of surgery to receive skin grafts on his injured feet and left ankle. Piquet, who crashed on May 7 in practice for what he hoped
          94 words
        • 127 28 SAO PAULO Ben Johnson, banned for doping at the 1988 Seoul Olympics, said on Thursday that he was confident of earning a place at this year's Barcelona Games. The Canadian sprinter, stripped of the 100 metres gold medal in Seoul and banned for two years, faces
          127 words
        • 125 28 PORTLAND, Oregon Lyle Alzado, an American football player who believed his brain cancer was caused by steroid use, died here on Thursday at the age of 43. Alzado, an All-Pro lineman who played for the Denver Broncos, Cleveland Browns and Los Angeles Raiders during his
          125 words
        • 60 28 BERLIN The top four seeds, including Americans Jennifer Capriati and Mary Joe Fernandez, won on Thursday at the U*****,000 WTA German Open to move into the quarter-finals. Capriati, 16, battled Wimbledon junior champion Barbara Rittner to win the first set 7-5, then went on to an
          60 words
      • 514 28 America's Cup AP SAN DIEGO The America's Cup looks pretty safe here in San Diego. Bill Koch's speedier AmericaJ downed Italy's II Moro di Venezia by 1 minute, 4 seconds on Thursday to win its second consecutive race and take a solid 3-1 lead in the best-of-7
        AP  -  514 words
      • 520 28 Reuter SAN DIEGO Depending on who is talking, the tens of millions of dollars spent competing for the America's Cup is either obscene or merely a stiff entry fee into a rich man's sport. America3's sugar-daddy. Bill Koch, has spent US$65 million (Sslo7
        Reuter  -  520 words
      • 804 28 NYT BFTHESDA. Maryland For most of the last decade, a select group of elite players has dominated the Ladies Professional Golf Association. It was the rare tournament that wasn't won by Pat Bradley. Beth Daniel. Betsy King. Patty Sheehan or Nancy
        NYT  -  804 words
      • 367 28 AFP IMOLA, Italy The Wil-liams-Renault juggernaut rolls into San Marino this weekend with Nigel Mansell wondering whether his winning streak can carry him to a fifth consecutive Grand Prix. His rivals, who include teammate Riccardo Patrese, will be asking themselves what they have
        AFP  -  367 words
      • 622 28 Reuter TORONTO She bears little resemblance to the Nadia Comaneci of the 1976 Montreal Olympics, especially with so much of her on display in her glossy new advertisements for Jockey underwear. Now 30 and living in Montreal since 1990, she is pictured in pink underwear
        Reuter  -  622 words
    • 1298 29 City Flight ETA Flight no Abu Dhabi GA971 1035 GA976 0145 GA890 0150 Adelaide QF81 1955 OF 82 2205 SQ228 2025 Amsterdam SQ319 0715 SQ24 0115 KL837 1255 GA890 0150 KL838 2240 SQ 342 2255 Athens OA473 0110 0A474 2245 NZ21 1820 NZ22 1940 SQ286 2030
      1,298 words
    • THE TRAVEL PAGE
    • Article, Illustration
      556 30 At Play In The Fields Of The Lord. Hector Babenco directs this long-drawn out movie about an American Indian (Tom Berenger) who assimilates himself into an Amazonian tribe. R(A). Capitol: 10.45; 2: 5.30: 8.45. Catchfire. Jodie Foster is a woman wanted (in every sense of the word) by everyone,
      556 words
    • TIME OFF
      • 186 30 SSO Concert Conductor. Choo Hocy. Irish pianist John O'Conor is the soloist in Brahms' Piano Concerto No 1 in D minor, op 15. Also on the programme is Mahler's Symphony No 1 in D Major. 'Titan'. John O'Conor performs extensively in Europe, the US and Canada. Venue: Victoria Concert
        186 words
      • Article, Illustration
        379 30  -  Compiled by Yasotha M Art of Chen Wen Hsi A commemorative exhibition of Chinese and Western paintings by Chen Wen Hsi will be opened by Professor Tommy Koh at 3pm today. The late Chen Wen Hsi was a great master in the contemporary Asian art scene. Venue: Riverwalk Galleria,
        379 words
  • Page 19 Advertisements
    • 6 19 Interview with You Jin. EL 6
      6 words
    • 147 19 II > nr^■♦^TmsKJ Ik-J liiLfjU^^EJaCJftlJ&Al^M Available Exclusively SINGAPORE Burberry* Main Shop: WO Orchard Road. #BI «l t)2 Palais Renaissiunce Shopping Arcade Singapore 0925 Tel "'JJ'UJ Burberry s Shop-in-Shop DAIMARI DFS Orchard HALLEVS ISETAN Havelock ISETAN Orchard NAN HEN LEATHER GOODS SOGO Authorised Dealers F) BENJ AMIN hang. Airport MIDORI THONG
      147 words

  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 58 20 DOONESBURY youwouiMt beueve HOW THIS THING CAME DOWNFORME. MAN:. ONE MINUTE I'M STANDING OUT ON THE BACK PORCH, WATCHING THE FIRES, JUST SHAKING WITH RAGE OVER WHAT'S HAPPENING TO BLACK .AMERICA Cr C 2 BY GARRY TRUDEAU THEN SUPPENL-Y THE PHONE RINGS, ANP I'MCAUWUR. SIX HOURS LATER. HEY. ITS A
      58 words

  • Page 21 Advertisements
    • 201 21 5? i 3? i iTTi 111 nrrii i Ml ould you like to attend 2 concerts in Hong Kong? I, From now till IS July *92 when you buy any CD from the Naxoe label, you stand a chance to win a single return air ticket to Hong Kong plus
      201 words
    • 242 21 R THE WINNING EDGE IN-DEPIH BUSINESS NEWS FROMA PERSPECTIVE THAT IS MORE SINGAPORE BUSINESSMEN IN A W "•7 J*?' t For over two decades Singapore Business has covered the local and regional business scene with more depth and breadth from a perspective which is more relevant to local businessmen than
      242 words

  • Page 22 Advertisements
    • 592 22 M Nothing Beats A Bud. (S3 QF —I^— 'I GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT SNACKS WITH GOOD FRIENDS. ICING'S HOTEL .VNC^PORE
      592 words
    • 252 22 WHERE TO WINE, DINE... The 2nd Singapore Jigsaw Puzzle Competition '92 Heats 10,17,24 &31 May and 7 14 June. Grand Final 28 June. fij Category A Up to 7 yrs old $12*. Category B 8 11 yrs old $12*. Category C No age limit (Team Event 2 to 4 members)
      252 words
    • 376 22 f r i Every Saturday Buffet Lunch: $15.50" (12.30pm to 2.45pm) Enjoy a delicious spread of your favourite Western Asian dishes specially selected for your weekend treat High Tea '50s: $7.00" (3.00pm to 6.00pm) All the hawker favourites of the 50s are back again, from 80-80-Cha-Cha, Soon-Kue, Kue-Koswee, Mini-Ku-Kue, Yew-Char-Kway
      376 words

  • Page 23 Advertisements
    • 265 23 AND ENTERTAIN m A Classic Tea-Time Fashions In the month of May, a fashion extravaganza awaits you at the Fountain Lounge: May 2 Feline Collections Nay 9 Drama Shop Nay 16 Jivonte Boutique May 23 Kiys* Nay 30 Kiyss Enjoy a leisurely Saturday afternoon tucking into delicate French pastries, dianxin
      265 words



  • Page 26 Advertisements
    • 208 26 How to Make Money in the Market Method 1 Listen to your investment advisor "Well, technically, if the market breaks below 1350, there could be some stop-loss selling, but see good support at 1325. On the upside, it looks /ike heavy resistance at /'375. However, if the market can trade
      208 words

  • Page 27 Advertisements
    • 188 27 EXPRESS SHARE LOAN Turn your shares •SSL^V into cash X instantly at Get cash on the spot for your shares for 1,2 or 3 months at 1% per month. Scripless counters are also accepted. Flat (discounted) For more information, call our toll-free numbers. Hong Leong Finance 223 0936 Singapore Finance
      188 words


  • Page 29 Advertisements
    • 42 29 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. /Aot/w We know Europe from (tart to Pinniah.
      42 words
    • 31 29 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.
      31 words
    • 83 29 The sensational Sideks 1 f i f I'M* r i A JL s*l YT sr BBP 7 f I -£f: All six Sidek siblings are badminton players, including a sister. Five of the Sidek brothers Misbun, Jalaini, Razif, Rashid, Rahman are in Malaysia's Thomas Cup team How do the Sideks
      83 words
  • Page 29 Miscellaneous
    • 300 29 CRYPTIC CROSSWORD ACROSS 1 Crook who operates in the early hours? (5-4) K Thomas found it almost incredible (4,2,7) 11 Cover female students (5) 12 Bishop in a menagerie finds a S American fox (5) 13 The going rate for a drug (5) 16 Where to work when not skating?
      300 words
    • 46 29 WEATHER Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report Maximum temperature 31.7 Assoc humidity 74% Minimum temperature 23.9 Assoc humidity 98% Hours of sunshine 6.65 Rainfall in mm Trace Rainfall this month 45.9 Rainy days this month 8 World report
      46 words
    • 27 29 BriStCttT: 7*ankßicfceD£ rn not GO'NG TO WORK TOOPIY POJ.THP«T DANOUG ROUND T»4B WRVPOte, I? 1 w\ ds\ tt* r\ a 3 8077 v ASSOCIATED NEWSPAPERS LTD.. 1962-1992
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  • Page 30 Miscellaneous
    • 1687 30 TODAY'S TV HVffiVSVVfVVIBi Angkasapuri (L). l I ImH I ll 1 [H 10.00 Tlie Bugs Bunny Shew. 10.35 KidsT* Takkan Lari-Jodoh Dikejar, Today's Gourmet The Healthy K JJ-J S^22Iei«4.00pm, SBC 5 Gourmet 12.30pm, SBC 5 lJiw Eva Arnaz and Deddy Miz Weight watchers out there 12.15 PM Kelah Remaja Angkastar
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    • 655 30 MOVIES ON TV Horse Herdsman, Men, witches and that she herself 10.30pm, SBC 12 will become one when she 1982 movie by acclaimed di- h' ts 16. Far rom being disrector Xie Jin. The young tressed. Louise gleefully sets son of a rich family is con- about exploiting her newdemned
      655 words