The Business Times, 16 May 1992
1992-05-16
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The Business Times
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Title Section17 1992-05-16 1 BUSINESS TIMES MITA (P) 35/12/91 Weekend Edition, May 16-17 1992 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS
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69 1992-05-16 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 the69 words
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40 1992-05-16 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.40 words
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Article27 1992-05-16 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.27 words
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Article26 1992-05-16 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 2,109.26 words
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Article31 1992-05-16 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 231 words
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Article37 1992-05-16 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 237 words
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Article36 1992-05-16 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*36 words
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Article25 1992-05-16 1 THE Singapore International Monetary Exchange (Simex) yesterday issued 25 new seats to meet increased demand for expanded trading activities. Page 625 words
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Article29 1992-05-16 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 729 words
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Article, Illustration564 1992-05-16 1 Kenneth James - 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 first564 words
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Article173 1992-05-16 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, and173 words
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362 1992-05-16 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 Investments362 words
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446 1992-05-16 1 Dawn Tan - 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 a446 words
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396 1992-05-16 1 S N Vasuki - 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, closed396 words
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Page 1 Advertisements
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Advertisement83 1992-05-16 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 News83 words
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Advertisement297 1992-05-16 1 Nikon HISTORY IN TIME XII .i 1 Planetarium Copernicus. Handmade in 18ct gold, individually numbered, sapphire crystal, water resistant to 30 m. Shockproof Lady Neurton. Automatic uith power resent, small second and date indicator. 18ct gold or steel/gold Also available with a diamond set bezel nng. Planetarium Copernicus with Lapis297 words
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Advertisement15 1992-05-16 1 Olympia York files for bankruptcy protection; Bankruptcy may lead to banks tightening credit, Pg 515 words
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PAGE 2 NEWS
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Article, Illustration458 1992-05-16 2 Dexter Lee - 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 Parking458 words
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428 1992-05-16 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 a428 words
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305 1992-05-16 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 1994,305 words
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585 1992-05-16 2 Leslie Lopez - 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 of585 words
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276 1992-05-16 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 allowsReuter - 276 words
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254 1992-05-16 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.254 words
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Page 2 Advertisements
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Advertisement199 1992-05-16 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 to199 words
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ECONOMIC SURVEY OF SINGAPORE 1ST QUARTER 1992
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Article, Illustration593 1992-05-16 3 Alvin Tay - 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 the593 words
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Article, Illustration419 1992-05-16 3 Rahita Elias - 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 the419 words
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545 1992-05-16 3 Schutz Lee - 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 the545 words
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Article, Illustration626 1992-05-16 3 Chuang Peck Ming - 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 the626 words
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Article, Illustration478 1992-05-16 3 Lee Han Shih - 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 steady478 words
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Article, Illustration303 1992-05-16 3 Sangeeta Mulchand - 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,303 words
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COMPANY NEWS 1
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COMPANY BRIEFS
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137 1992-05-16 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 turnover137 words
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Article147 1992-05-16 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-quality147 words
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52 1992-05-16 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 in52 words
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Article48 1992-05-16 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.48 words
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Article41 1992-05-16 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.41 words
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330 1992-05-16 4 S N Vasuki - 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 in330 words
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449 1992-05-16 4 Harish Mehta - 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)449 words
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Article, Illustration410 1992-05-16 4 William Chia - 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 mov410 words
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308 1992-05-16 4 Genevieve Cua - 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 be308 words
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250 1992-05-16 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 $1.1250 words
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202 1992-05-16 4 Reuter KUALA LUMPUR Malaysia Airlines (MAS) has signed orders for 17 Boeing 737-400 aircraft for USS6OO million (SS97B million) as part of an expansion programme. Twelve of the planes are fresh orders and five are being converted from an earlier option to buy,Reuter - 202 words
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200 1992-05-16 4 South China Morning Post HONGKONG The former chairman of the Carrian group. George Tan Soon-gin, will stand trial on eight corruption charges on June 1 after losing his bid in the Privy Council to delay the case. He had asked theSouth China Morning Post - 200 words
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638 1992-05-16 4 William Chia - But couldn't SES approval have come earlier? By William Chia SINGAPORE It is heartening to note that the Stock Exchange of' Singapore (SES) has finally seen it fit to give its blessings to Amcol Holdings Ltd's one-for-three bonus issue. The approval suggests that638 words
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Article, Illustration537 1992-05-16 5 Olympia York files for bankruptcy protection in Canada and US Collapse of world's largest property developer Reuter AP TORONTO Olympia and York Developments ltd (O&Y), the world's largest development company, said yesterday it has filed for bankruptcy protection in Canada and the US while it struggles with more than CslBReuter; AP; Source: Reuter - 537 words
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315 1992-05-16 5 NEW YORK The bankruptcy filing by Olympia York (O&Y) could cause banks to tighten lending just when credit is needed to help pull economies out of recession. Economists said yesterday that the US$lB billion (5529.3 billion) of debts by the Toronto-based developer could315 words
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447 1992-05-16 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 downReuter - 447 words
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391 1992-05-16 5 Catherine Ong - 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 "serious391 words
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210 1992-05-16 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 forReuter - 210 words
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COMPANY BRIEFS
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82 1992-05-16 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 part82 words
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95 1992-05-16 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 ended95 words
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Article116 1992-05-16 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 radical116 words
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Article97 1992-05-16 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,97 words
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Article109 1992-05-16 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, making109 words
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Article107 1992-05-16 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 released107 words
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Page 4 Advertisements
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Advertisement252 1992-05-16 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 looking252 words
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Advertisement47 1992-05-16 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' y47 words
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FINANCIAL NEWS
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318 1992-05-16 6 Shoeb Kagda - 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 $180,000 each "after taking into consideration the recent transacted prices of Simex318 words
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325 1992-05-16 6 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Bangkok Bank Ltd, the largest bank in South-east Asia, has successfully raised US$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 deal325 words
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289 1992-05-16 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 outReuter - 289 words
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Article, Illustration616 1992-05-16 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 gave616 words
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SHIPS IN PORT
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Article1364 1992-05-16 6 IVING OF EXPORT FCL CONTAINERS AND LCL CARGO SNp Record 1 Voy No Etb/Btr Period looking/Balance rom to Rstts From Ac* Ruby 54A 17/0100 1 2 15/1500 15 1700 M Al Ihsaa 66W 18/0100 1 a 4 1 SMiE X) JO Antaerpe n 290 18/1300 2 w DO1,364 words
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THE REGION/THE WORLD
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661 1992-05-16 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 ofAFP - 661 words
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Article, Illustration32 1992-05-16 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.32 words
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Article, Illustration350 1992-05-16 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 rightsAP; Reuter - 350 words
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381 1992-05-16 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 Cooperation381 words
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496 1992-05-16 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 andReuter - 496 words
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WORLDWATCH
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101 1992-05-16 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,101 words
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Article93 1992-05-16 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 real93 words
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Article76 1992-05-16 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 Association76 words
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Article93 1992-05-16 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,93 words
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Article94 1992-05-16 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's94 words
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607 1992-05-16 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 thatIHT - 607 words
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Article, Illustration494 1992-05-16 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
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3374 1992-05-16 8 Joseph Rajendran - 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,3,374 words
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Article, Illustration64 1992-05-16 8 Anthony Pang - 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 $1.20SOURCE: BRIDGE INFO - 64 words
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Article1032 1992-05-16 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 15211,032 words
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Page 9 Advertisements
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Advertisement9 1992-05-16 9 A MONTHLY MAGAZINE OF BUSINESS TRENDS AVAILABLE AT NEWSSTANDS9 words
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Article1946 1992-05-16 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$0.10 US 66 cd -3 351,946 words
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Page 10 Advertisements
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Advertisement162 1992-05-16 10 HOME. DELIVERED WEEKLY J i»5 A e**' \o° >Zv* w XV* v e» 9* c» t«o #m%> > et s^ WA=- <$.%&£■ "'■<■??:■ 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 on162 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration483 1992-05-16 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 prospectsBernama - 483 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration153 1992-05-16 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 ofReuter; Source: Bridge Info - 153 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration99 1992-05-16 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
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Page 12 Advertisements
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Advertisement10 1992-05-16 12 ssiss offers the most current list of Job opportunities available.10 words
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Advertisement24 1992-05-16 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.24 words
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Advertisement131 1992-05-16 12 If you have something to sell them... do it while they're awake; X <1 While other forms put them to sleep, they'll stay awake for the newspaper. WE GET THEIR ATTENTION EVERYDAY. THE STRAITS TIMES CLASSIFIED a great place to advertise 1 737 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories131 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2313 1992-05-16 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 onUPI - 2,313 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2436 1992-05-16 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 0.73Reuter - 2,436 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration1718 1992-05-16 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 realReuter - 1,718 words
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REGIONAL STOCK MARKETS
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Manila shares inch up to year's new peak
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Article149 1992-05-16 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 of149 words
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Article158 1992-05-16 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," said158 words
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Article104 1992-05-16 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. Turnover104 words
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Article95 1992-05-16 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 index95 words
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Article88 1992-05-16 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 saidReuter - 88 words
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Article54 1992-05-16 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 Capital54 words
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WORLD STOCK MARKETS
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Dow slides as interest rate hopes fade
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Article80 1992-05-16 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 1.742.2680 words
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Article, Illustration266 1992-05-16 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. Among266 words
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Article, Illustration168 1992-05-16 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 index168 words
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Article135 1992-05-16 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 strike135 words
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Article151 1992-05-16 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-share151 words
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Article183 1992-05-16 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 to183 words
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Article194 1992-05-16 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 the194 words
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Article129 1992-05-16 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. "Wall129 words
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Article118 1992-05-16 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 is118 words
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Article90 1992-05-16 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 volume90 words
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Article150 1992-05-16 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 previous150 words
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Article149 1992-05-16 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 York149 words
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Page 15 Advertisements
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Advertisement23 1992-05-16 15 Don't miss Personal Finance Investment in Business Times every Saturday The MCC SSS&E& oXf« rs the most current tut o/ job opportunities auailflbl®23 words
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CURRENCY, MONEY & FUTURES MARKETS
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1225 1992-05-16 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 Ltd1,225 words
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Article27 1992-05-16 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 OCBC27 words
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Article40 1992-05-16 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 Bank40 words
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545 1992-05-16 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 roubleReuter - 545 words
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Article523 1992-05-16 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 32A523 words
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Page 16 Advertisements
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Advertisement7 1992-05-16 16 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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830 1992-05-16 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 Metal830 words
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411 1992-05-16 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 thatReuter - 411 words
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321 1992-05-16 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 reinforceReuter - 321 words
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Page 17 Advertisements
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Advertisement6 1992-05-16 17 Innovation Technology in BT every Tuesday6 words
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Advertisement1309 1992-05-16 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 thefotowIng1,309 words
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Article, Illustration487 1992-05-16 18 Al O Labita; Alec Almazan - 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 than487 words
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429 1992-05-16 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, theReuter - 429 words
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310 1992-05-16 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 facilitateAFP - 310 words
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267 1992-05-16 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 reached267 words
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124 1992-05-16 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 FederalAP - 124 words
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332 1992-05-16 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 aFT - 332 words
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Article, Illustration663 1992-05-16 18 PATRICK DANIEL; PATRICK DANIEL - 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 descended663 words
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Article, Illustration443 1992-05-16 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 useReuter; AP - 443 words
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Page 18 Advertisements
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Advertisement6 1992-05-16 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement6 1992-05-16 18 CHARTPOINT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1346 1992-05-16 19 Susan Tsang - 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 neverPhotoshop by Ben Cruz - 1,346 words
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STRAWS IN THE WIND
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Article38 1992-05-16 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
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Article46 1992-05-16 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.46 words
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Article47 1992-05-16 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?47 words
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Article85 1992-05-16 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 marker85 words
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OPINIONS
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Article, Illustration749 1992-05-16 20 Walton Morais - 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, and749 words
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178 1992-05-16 20 Lim Joke Mui (Mrs - 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 finalising178 words
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Article, Illustration888 1992-05-16 20 Nirmal Ghosh - 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 around888 words
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Article, Illustration674 1992-05-16 20 Ayako Sono - 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 express674 words
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REVIEWS
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Article, Illustration628 1992-05-16 21 Jaime Ee - 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 guess628 words
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Article, Illustration571 1992-05-16 21 Cheryl Liew - 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 man571 words
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Article, Illustration620 1992-05-16 21 Jaime Ee - 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 on620 words
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EPICURE
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Article, Illustration283 1992-05-16 22 Quek Swee Peng - 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
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Article279 1992-05-16 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
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LIFESTYLE
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Article, Illustration700 1992-05-16 23 N K Yong - 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
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Article, Illustration340 1992-05-16 23 Sybil Holloway - 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-France340 words
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PEOPLE
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Article, Illustration154 1992-05-16 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 by154 words
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Article, Illustration118 1992-05-16 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'sPhotos by Arthur Lee and Chris Loh - 118 words
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Article, Illustration138 1992-05-16 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 is138 words
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PURSUITS 1
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Article, Illustration645 1992-05-16 24 Cheryl Liew - 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
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Article, Illustration665 1992-05-16 24 Nirmal Ghosh - 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, whoPhotos by Nirmal Ghosh and Arthur Lee - 665 words
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Article, Illustration517 1992-05-16 24 Susan Tsang - 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-going517 words
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Article, Illustration580 1992-05-16 25 Wendy Chan - 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. AndPhotos by Wendy Ch - 580 words
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Article, Illustration668 1992-05-16 25 Julie Chatterjee - 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, this668 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1065 1992-05-16 26 S N Vasuki - 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 res1,065 words
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Article, Illustration486 1992-05-16 26 Goh Hiang Fong - 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, most486 words
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Article, Illustration726 1992-05-16 26 Shoeb Kagda - 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. European726 words
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Article, Illustration720 1992-05-16 27 Colin Tan - 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 Development720 words
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481 1992-05-16 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 offered481 words
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Article, Illustration309 1992-05-16 27 Kooi Cho Teng - 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 early309 words
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617 1992-05-16 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 buoyantReuter - 617 words
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SPORTS
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SIDE LINES
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138 1992-05-16 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 in138 words
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Article94 1992-05-16 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 hoped94 words
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Article127 1992-05-16 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, faces127 words
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Article125 1992-05-16 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 his125 words
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Article60 1992-05-16 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 an60 words
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Article, Illustration514 1992-05-16 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-7AP - 514 words
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520 1992-05-16 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 (Sslo7Reuter - 520 words
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Article, Illustration804 1992-05-16 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 NancyNYT - 804 words
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Article, Illustration367 1992-05-16 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 haveAFP - 367 words
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Article, Illustration622 1992-05-16 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 underwearReuter - 622 words
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Article1298 1992-05-16 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 20301,298 words
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THE TRAVEL PAGE
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Article, Illustration664 1992-05-16 29 Susan Tsang - POSTCARD FROM TANJUNG PINANG By Susan Tsang According to Yusoff our boatman. most visitors to Tanjung Pinang go there for the sex. Very few get into his boat five days in a row to look at the old tombstones scattered around Pulau Bintan. which is664 words
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Article11 1992-05-16 29 Source: Republic National Bank of New York11 words
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Article, Illustration556 1992-05-16 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
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TIME OFF
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Article186 1992-05-16 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 Concert186 words
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Article, Illustration379 1992-05-16 30 Yasotha M - 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
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Page 19 Advertisements
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Advertisement147 1992-05-16 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 THONG147 words
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Page 20 Advertisements
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Advertisement24 1992-05-16 20 BT welcomes letters from you. Address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.24 words
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Page 20 Miscellaneous
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Miscellaneous58 1992-05-16 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 A58 words
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Page 21 Advertisements
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Advertisement201 1992-05-16 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 plus201 words
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Advertisement242 1992-05-16 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 than242 words
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Page 22 Advertisements
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Advertisement592 1992-05-16 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^PORE592 words
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Advertisement252 1992-05-16 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
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Advertisement376 1992-05-16 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-Kway376 words
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Page 23 Advertisements
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Advertisement265 1992-05-16 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, dianxin265 words
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Page 26 Advertisements
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Advertisement208 1992-05-16 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 trade208 words
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Advertisement188 1992-05-16 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 Finance188 words
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Page 29 Advertisements
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Advertisement42 1992-05-16 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
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Advertisement31 1992-05-16 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
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Advertisement83 1992-05-16 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 Sideks83 words
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Page 29 Miscellaneous
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Miscellaneous300 1992-05-16 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
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Miscellaneous46 1992-05-16 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 report46 words
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Miscellaneous27 1992-05-16 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.. 1962-199227 words
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Page 30 Miscellaneous
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Miscellaneous1687 1992-05-16 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 Angkastar1,687 words
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Miscellaneous655 1992-05-16 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 newdemned655 words
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