The Business Times, 20 June 1992
1992-06-20
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The Business Times
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Title Section17 1992-06-20 1 Business Times MITA (P) 35/12/91 Weekend Edition, June 20-21 1992 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS SUMMARY
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Article22 1992-06-20 1 WALL STREET stocks headed higher yesterday morning. The Dow average rose 14.17 to 3,288.29 in the first hour of trading.22 words
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Article25 1992-06-20 1 LONDON shares were higher at midday yesterday. At about 12:15 pm (1115 GMT), the FTSE 100 index was up 25.10 points at 2,587.8.25 words
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54 1992-06-20 1 BANGKOK Khmer Rouge leaders Khieu Samphan and Son Sen will travel to Tokyo to attend an international conference on Cambodia's reconstruction, a Thai Foreign Ministry spokesman said yesterday. There had been fears that the Khmer Rouge would boycott the June 22-23 ministerial conference54 words
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44 1992-06-20 1 PARIS Members of the National Assembly voted overwhelmingly in the early hours of Friday in favour of a proposed constitutional amendment paving the way for French ratification of the Maastricht Treaty. Irish ayes for Maastricht Treaty, Back Page44 words
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Article32 1992-06-20 1 CALIFORNIA-based Conner Peripherals, one of the strongest players in the disk drive industry, is diversifying into a wider range of data storage products for the computer industry Page 232 words
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Article36 1992-06-20 1 EU YAN SANG Holdings Limited has sold its flagship Nam Tin Building for $24.15 million to Hongkong-based Yue Hwa group which deals in medicines and runs a chain of emporiums Page 336 words
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Article37 1992-06-20 1 INVENTORY levels piled up at China's huge state-owned manufacturing sector in the first four months of 1992 though the country's economy expanded at nearly double the official target over the same period Page 737 words
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Article, Illustration29 1992-06-20 1 Friday Change BT-MGA 721.05 -3.49 Kuala Lumpur ....596.58 +0.08 Tokyo 16,519.87 +474.31 Hongkong 5,787.60 -8.50 Sydney 1,633.9 +9 Thursday Change New York 3,274.12 -13.64 London 1.988.4 -33.729 words
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Article22 1992-06-20 1 Exchange rates USS SS 1.6220 100 Yen SS 1.2782 MS SS 0.6444 Money market rates Overnight 2-1/2 -7/8 3-month 3-1/8 unch22 words
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Article37 1992-06-20 1 London Gold AM fix US$343.50 US$2.60 Rubber S pore July I44.00«/kg +0.50 M'sia July 222.00*/kg unch KL Tin Turnover 55 tonnes -14 Spot. M$l6.63/kg +0.30 Crude palm oil Turnover 1,271 lots +351 Aug MS876 /tonne -1437 words
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434 1992-06-20 1 Lee Han Shih - Strong Ss, Japanese slowdown hit demand By Lee Han Shih SINGAPORE Listed local retailers, hit by the strong Singapore dollar and the slowdown in demand from big-spending Japanese tourists, are making a partial retreat from the luxury goods market. In the past 12434 words
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378 1992-06-20 1 Hong Lee Tiam - By Hong Lee Tiam SINGAPORE A leading shopkeepers' group will ask the government to speed up the sale of the tenanted Housing and Development Board shops. The secretary of the Federation of Merchants' Association (FMA), Kwek Theng Swee, yesterday said378 words
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469 1992-06-20 1 Anna Teo - By Anna Teo SINGAPORE Some employers have expressed concern that the Government's decision to pay civil servants two months' variable bonus the same as last year despite slower economic growth may be used as a yardstick by their staff, regardless of how469 words
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551 1992-06-20 1 Catherine Ong - New regulations to be ready in 12-18 months From Catherine Ong in HONGKONG CHINA is expected to open its huge renminbi loans and deposits business on a restricted basis to foreign banks within 12 to 18 months. Bankers in the mainland said551 words
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Article162 1992-06-20 1 S N Vasuki - By S N Vasuki SINGAPORE After seven days of bruising losses, the Tokyo stock market rebounded yesterday, with the Nikkei Average advancing smartly by 474.31 points to close at 16,519.87. Share prices in Singapore and Hongkong, however, continued to move in the other direction on162 words
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Page 1 Advertisements
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Advertisement156 1992-06-20 1 Nikon Ttw WMd'i FlnMt Photographic System. COVER OPINIONS VIEWPOINT PURSUITS PURSUITS FINANCE When it's Extra-territorial Conversations Art from Gifts for K« 11 AIPi m Growth trends for jj i kidnapping: at Raffles with Vietnam. EL 6 Father's Singapore's y me S9mt committing one Ho Kwon Ping. Indestructible n v top156 words
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Advertisement20 1992-06-20 1 Metro's retail arm posts higher profits of $7.4 m, Pg 3 Hock Lock Siew: DBS Bank's M'sian hopes, Pg 320 words
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Advertisement160 1992-06-20 1 Nikon TtwWbrtd'sFlnMt Photographic Syatom. China's manufacturing stockpiles hit new high, Pg 7 Since 1735 there has never been a quartz Blancpain watch. And there never will be. bM ~c N I Model shown 6595 1418 58 .iBL Blanc paiN Faithful to the traditional art of watchmaking, each watch is still160 words
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PAGE 2 NEWS
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477 1992-06-20 2 Anna Teo - Airline denies trying to undermine NTUC insurance arm By Anna Teo SINGAPORE The National Trades Union Congress has again taken Singapore Airlines management to task, this time for trying to undermine the work of its insurance arm, NTUC Income. In a blistering477 words
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Article, Illustration724 1992-06-20 2 Helen Chang - By Helen Chang SINGAPORE The defence industry here should venture beyond the military business but the challenge is to choose the right areas to venture into, Deputy Prime Minister Lee Hsien Loong said yesterday. For Singapore Technologies Holdings (STH), the government's defence-related724 words
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Article297 1992-06-20 2 SINGAPORE Ihe chairman of Chartered Industries of Singapore, Philip Yeo, yesterday came in for high praise from Deputy Prime Minister Lee Hsien Loong for his role in turning the company into one of the world's top 10 arms suppliers. "His restless energies and ceaseless efforts297 words
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427 1992-06-20 2 Conrad Raj - By Conrad Raj SINGAPORE Those who take up civil suits in the subordinate courts may soon have to pay court fees of up to $500 a day to fight their cases. The Judiciary is said to have proposed the fees to improve427 words
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Article, Illustration410 1992-06-20 2 Claire Leow - By Claire Leow SINGAPORE Californiabased Conner Peripherals, one of the strongest players in the disk drive industry, is diversifying into a wider range of data storage products for the computer industry. It will add magnetic tape drives and high-capacity, high-speed410 words
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293 1992-06-20 2 SINGAPORE The fastgrowing home renovation industry can expect $1.25 billion worth of jobs annually by 1994. And this figure is expected to jump by another $250 million by 1997. Renovation and Decoration Advisory Council chairman Farok Majeed told BT yesterday293 words
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367 1992-06-20 2 Lob Hui Yin - By Lob Hui Yin SINGAPORE To ensure that it stays on top of the growing competition for work in the region, engineering contractor JGC Corporation of Japan has set up a new company here to support its marketing office. With JGC Singapore Pte367 words
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Article, Illustration423 1992-06-20 2 AFP, AP, Reuter LONDON Media baron Robert Maxwell's son Kevin has vowed to fight all fraud charges against him after being released on bail late on Thursday. "After seven months of trial by rumour, of trial by innuendo, of trial by selective pressAFP,; AP,; Reuter - 423 words
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COMPANY NEWS 1
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452 1992-06-20 3 Sylvia Wong - Construction, trading units report poor results By Sylvia Wong SINGAPORF Metro Holdings Ltd's retail operations were the only bright spot in the group's financial performance for the year ended March 31, 1992. The six Metro department stores and eight Factory Outlets under452 words
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339 1992-06-20 3 SINGAPORE Publiclylisted Eu Yan Sang Holdings Limited has sold its flagship Nam Tin Building for $24.15 million to Hongkong-based Yue Hwa group, a dealer in medicine and operator of a chain of emporiums. Company secretary Lee Sok Koon said339 words
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256 1992-06-20 3 SINGAPORE Electronics group Acma Ltd has proposed to reduce its 30 per cent stake in Goldtron Ltd to 20 per cent by selling 10 per cent to Ong Soo Kiat. chief executive officer of Goldtron and a non-executive director of Acma. Explaining256 words
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681 1992-06-20 3 Alvin Tay - THE HOCK LOCK SIEW COLUMN KL's banking Act, acquisitions offer possibilities By Alvin Tay SINGAPORE Top cxccutivcs of DBS Bank must be green with envy when they read yesterday's report on the huge profits enjoyed by its Big681 words
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311 1992-06-20 3 SINGAPORE Losses from its Milano Pizza chain dragged down the net profit of The Hour Glass Ltd for the financial year to March 31, 1992. Jannie Tay, managing director of the upmarket watch retailer and restaurant operator, said the nine Milano311 words
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319 1992-06-20 3 SINGAPORE Nine months after opening its doors, Raffles Hotel has bowed to market forces and lowered rents in its shopping arcade by up to 20 per cent. Several tenants confirmed yesterday that they have received letters from the hotel over the last319 words
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193 1992-06-20 3 SINGAPORE Cerebos Pacific Ltd, taken over by Japanese whisky maker Suntory in April 1990, has acquired New Zealand sauce and pickle maker F Whitlocks Sons Ltd. Cerebos announced yesterday that it had entered into an agreement with Kiwi Brands New Zealand Ltd, the193 words
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COMPANY BRIEFS
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64 1992-06-20 3 SINGAPORE Jurong Cement yesterday announced a 221 per cent jump in group after-tax profit for year to March 31, 1992, from 53.13 million to $10.04 million. Group turnover rose 39.4 per cent from $52.39 million to $73.07 million, due to rising demand for64 words
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26 1992-06-20 3 SINGAPORE Singapura Building Society said yesterday that Teoh Eng Hong had joined the board of directors with effect from June 18.26 words
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Article62 1992-06-20 3 m. m. SINGAPORE Overseas Union Trust, a member of the Overseas Union Bank group, said yesterday it had received in-principle approval from the Stock Exchange of Singapore for a rights issue of 9.37 million new $1 shares at $1.50 each. The issue will be on62 words
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47 1992-06-20 3 SINGAPORE Shareholders of Singapore Finance Ltd have approved a rights issue of 33 million new $1 shares at $1.10 each. The company said yesterday the issue would be on the basis of one rights share for every two ordinary shares held.47 words
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81 1992-06-20 3 KUALA LUMPUR Tronoh Mines Malaysia Bhd has deferred its decision on the development of a gold mining joint venture in Pergau, Kclantan, due to depressed gold prices and low reserves. Its chairman, Ibrahim Menudin, told reporters after the company's 16th annual general meeting yesterday that81 words
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Article79 1992-06-20 3 KUALA LUMPUR Tiong Nam Transport Holdings Bhd yesterday announced a group pre-tax profit of M 53.43 million (552.21 million) for the year ended March 31, 1992, on a turnover of M$ 13.58 million. There were no comparative, figures for 1991 as the group was newly79 words
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Article87 1992-06-20 3 KUALA LUMPUR Kumpulan Guthrie Berhad is diversifying into meat processing, marketing and distribution through a new joint venture company, Guthrie Rumitech Industries. Guthrie, which has been in the livestock business by breeding and trading sheep and goats since 1984, will be signing a joint venture agreement87 words
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Article, Illustration382 1992-06-20 4 World's largest aircraft leasing company blames weak stock markets IHT LONDON In a reversal that sent shivers down the spines of the world's airlines and aircraft makers, GPA Group pic, the world's largest aircraft leasing company, on Thursday cancelled its longawaitedIHT - 382 words
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378 1992-06-20 4 FT SAN FRANCISCO Intel, the leading US manufacturer of microprocessor chips for personal computers, has won a critical lawsuit in its battle to prevent Advanced Micro Devices (AMD) from cloning its products. A Californian jury has returned a verdict that AMD doesFT - 378 words
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457 1992-06-20 4 European memory production may come to an end FT LONDON Siemens, the German electronics group, is reducing its participation in the semiconductor memory market in a move that could mean the end of European memory production. Siemens has decided not to buildFT - 457 words
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238 1992-06-20 4 Reuter HONGKONG Lippo Ltd, the local arm of Indonesia's giant Lippo Group, is in negotiations for a possible major acquisition following talk in the local press that it is buying EIE Development (International) Ltd. Lippo officials were unavailable for comment yesterday.Reuter - 238 words
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COMPANY BRIEFS
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94 1992-06-20 4 TOKYO Major construction firm Kumagai Gumi Co Ltd saw its group net profit plunge 85 per cent to 1.64 billion yen (5520.96 million) for the year ended March 31, 1992, from 11.16 billion yen previously. The drop in profit was posted on the back94 words
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Article69 1992-06-20 4 AMSTERDAM KLM Royal Dutch Airlines reluctantly joined a transatlantic fare war on Thursday, slashing its economy, business and first class ticket prices from the United States by an average 40 per cent. Just two days ago. the Dutch flag carrier said it had no plans69 words
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Article49 1992-06-20 4 HONGKONG China's Guangdong Investment has issued new shares to raise HKSI.62 billion (*****.5 million) to buy mainland property and brewery assets from its parent, brokers said yesterday. Placements of the new issues took place on Thursday in London. New York. Tokyo, Singapore and other world markets.49 words
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Article56 1992-06-20 4 HONGKONG Hongkong's Sun Hung Kai Properties Ltd said yesterday it has signed a US$255 million (*****.61 million) joint venture agreement to redevelop one of Beijing's largest shopping centres. Sun Hung Kai and Beijing's Dong An group signed an agreement in Beijing on Thursday to56 words
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Article75 1992-06-20 4 ADELAIDE The News Corp Ltd said its board has authorised the delisting of its ordinary shares on the Tokyo, Hongkong. Paris and Amsterdam stock exchanges as a result of small trading volume. News Corp would continue to list its ordinary shares on the75 words
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Article92 1992-06-20 4 WASHINGTON United Press International was the centre of attention on Thursday with three groups vying for control of the news agency. New York lawyer Leon Charney is now considering buying the agency. Pat Robertson has asked a bankruptcy judge in New York to compel UPI92 words
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Page 3 Advertisements
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Advertisement193 1992-06-20 3 PERSONAL INVESTING FINANCE SUPPLEMENT >92 A Special Business Times Survey July 23, 1992 Bank deposit rates have plunged to one of their lowest levels. Banks and finance companies in Singapore are paying peanuts for such deposits; in some cases they are not even enough to cover the rising cost of193 words
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Page 4 Advertisements
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Advertisement1067 1992-06-20 4 Chemical Chemical Banking Corporation and Subsidiaries Head Office: 277 Park Avenue, New York, *****. Consolidated Balance Sheet Consolidated Statement of Income December 31 In millions US$ Year Ended (In millions US$) 1991 1990 (except per share data) December 31 1991 1990 Interest Income Assets Loans 7,947 8,062 Cash and Due1,067 words
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FINANCIAL NEWS
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324 1992-06-20 5 Dawn Tan - Funds will be used to finance projects in Nanhai district By Dawn Tan SINGAPORE One of the three official investment vehicles for Guangdong, China's economic showcase, is tapping the offshore capital markets for US$l5 million (5524.3 million), said sources in Hongkong. The credit324 words
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Article, Illustration48 1992-06-20 5 BOMBAY An official of the liquidated Bank of Karad yesterday try ing to pacify depositors agitated over a delay in repayment. The bank was liquidated for its involvement in the city's stock scandal and, on a court order, has started repaying money to small depositors48 words
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439 1992-06-20 5 But market will limit individual members' future losses from 1993 Reuter LONDON Lloyd's of London said on Thursday it could not spread unprecedented past losses across the insurance market, dashing hopes among its underwriting members that it would ease the burden of hugeReuter - 439 words
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569 1992-06-20 5 Reuter AMSTERDAM While crises grip banks in Tokyo. New York and London, their continental European counterparts, bolstered by strong balance sheets, are quietly taking command of world markets, analysts said. Once powerful US, Japanese and British banks continue to be batteredReuter - 569 words
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293 1992-06-20 5 SINGAPORE To tap the growing business from Europe, the Singapore International Monetary Exchange (Simex) has adjusted the hours for trading in its Eurodollar and Japanese futures contracts. trading in Eurodollar futures and options contracts has been extended by half an hour from 7.45293 words
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216 1992-06-20 5 AFP TAIPEI Taiwan's parliament passed yesterday the long-awaited overseas futures transaction law, lifting a ban on futures brokers, a parliamentary official said. Under the liberalisation move, local brokerage houses are allowed to place orders for overseas commodity and financial futures transactions on behalfAFP - 216 words
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SMALL CHANGE
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85 1992-06-20 5 GEORGE TOWN, Cayman Islands A judge approved a plan on Thursday to liquidate the Bank of Credit and Commerce International (Overseas) that will repay depositors and creditors about 32 US cents on the dollar. Caymans Judge George Harre made his ruling at the end of85 words
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Article73 1992-06-20 5 NEW DELHI Indian investigators on Thursday seized shares worth one billion rupees (Ss4B million) allegedly belonging to a broker, who is at the centre of the country's worst financial scandal, the United News of India (UNI) reported. The UNI said the shares were seized by the73 words
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72 1992-06-20 5 TOKYO Japan's Upper House of Parliament passed a Bill that will strengthen the Ministry of Finance's (MOF) power to supervise lending by non-bank financial institutions, a parliamentary official said yesterday. The Bill, which will now become law, revises the Lending Business Law. It will oblige72 words
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Article91 1992-06-20 5 MADRID Banco Santander SA, Spain's most internation-ally-oriented bank, said on Thursday it is confident it will emerge unscathed from investigations into past loan operations that have afTected its share price and worried top officials. A Santander official, the fourth to have been detained so far, was91 words
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Article88 1992-06-20 5 NEW YORK A US federal appeals court in Manhattan on Thursday reversed a lower court ruling and reinstated a key insider trading charge in a lawsuit filed by Litton Industries Inc against Lehman Brothers Kuhn Loeb Inc, the predecessor to American Express Co's Lehman Brothers,88 words
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Article84 1992-06-20 5 OSLO Norwegian banks, hit by the deepest banking crisis since World War Two, seem to have got through the worst even though some may still need further supplies of state cash. Finance Minister Sigbjoem Johnsen said on Thursday. "We see that banks abroad also have84 words
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Article, Illustration691 1992-06-20 5 DBS Bank weekly currency review LSS/DM: Dollar glides on bearish track The US dollar continued on its bearish track in the early part of the week. Support at 1.5760 failed to hold against a stronger mark, and the dollar subsequently fell to691 words
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THE REGION
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NOTE BOOK
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64 1992-06-20 6 MANILA Hie Philippines registered a trade deficit ol USSI.SI billion (552.45 billion) Tor the first tour months of 19 per eent higher than the US$l.26 billion gap lor the same period last year. In April alone, the deficit registered US$53B million,64 words
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64 1992-06-20 6 KIJALA LUMPUR. Malaysia wants to host a post-Earth Summit conference to ensure that decisions made at Rio de Janeiro on forest conservation would be fulfilled, a Cabinet minister was quoted yesterday as saying. Primary Industries Minister Lim Keng Yaik, returning from Rio on Ihursday,64 words
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71 1992-06-20 6 KUALA LUMPUR Malaysia will ask Iraq to pay about \\sM) million (SSI9 million) it owes for palm oil purchases oncc its war-torn economy recovers. Deputy Primary Industries Minister Mahmud Mansor has said. Malaysia sold 130.000 tonnes of palm oil to Iraq71 words
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Article70 1992-06-20 6 SYDNEY New South Wales Premier Niek Greiner was under intent pressure to resign yesterday after a tribunal found he had behaved corruptly in his appointment of a former politician to a lucrative public service job. The Independent Commission Against Corruption found Mr Greiner and state70 words
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53 1992-06-20 6 KOTA KINABALU Sabah recorded a trade surplus of MS33O million (SS2I2 million) during the first quarter of this vear. down by M 5261.3 million or 44.2 per cent compared to the same period last year. Sabah exported mainly crude petroleum, sawn timber, sawn logs53 words
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Article70 1992-06-20 6 DHAKA The European Community has urged Myanmar to. let the United Nations supervise the repatriation from Bahgladcsh|of tens of thousands of Muslim Rohingya refugees. the official BSS news agency said yesterday. "The EC observed the agreed arrangements (for repatriation) are not being implemented as70 words
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429 1992-06-20 6 Govt will continue to relax monetary policy BANGKOK The Anand government has announced that it will adopt a strict fiscal policy during its short tenure under which the fiscal reserve of 150 billion baht (559.5 billion) will not be used. The Nation said429 words
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400 1992-06-20 6 Andrew Cooke - By Andrew Cooke in BANGKOK RESPECTED business leaders say they are reluctant to enter the shady world of Thai politics, despite Thursday's call to arms by busincssman-cum-Prime Minister Anand Panyarachun. Business leaders have been urged repeatedly in recent tumultuous weeks to run in the400 words
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221 1992-06-20 6 Reuter MANILA The Philippines might seek at least SI billion (551.62 billion) in new loans from the International Monetary Fund to help bolster the country's economic recovery. Central bank governor Jose Cuisia said yesterday that the Philippines is also negotiating a USSISO millionReuter - 221 words
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204 1992-06-20 6 Reuter MANILA A chronic elcctric power shortage in the Philippines will stunt economic growth well into next year, Philippine central bank governor Jose Cuisia said. In an interview yesterday, he forecast that the Philippine economy measured in terms of real gross national product (GNP)Reuter - 204 words
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SHIPS IN PORT
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Article455 1992-06-20 6 Vessei Voy No Berth Arrival Departire Vessel Voy No Berth Arrival Departue Marina Terminal 1 Hana 92A P088 1906 1300 1906/2000 Aem>mirnamg 1 92 MC4 alongside 1906/1300 Mahaia 07/92 P04 1906/2300 20 06 1700 BatiP 11.11 u *****2 M03 alongside 20 06/2300 Netsanet 26WB P05 1906 1600455 words
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Article2387 1992-06-20 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Book™. Balance RsJts Voy No Etb/Btr Period From To From flterdewi B 055b 21/2359 1 19 1500 3 20 0/00 4 20,1200 19/1659 20/1159 20 1459 19/1900 20/1400 20 1700 if 59A 21/0/00 2 19/1/00 3 20 0/00 202,387 words
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THE WORLD
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443 1992-06-20 7 Situation blamed on blind pursuit of output AFP BEIJING Inventory levels piled up at China's huge state-owned manufaeturing sector in the first four months of 1992 though the country's economy expanded at nearly double the official target over the same period. AnAFP - 443 words
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475 1992-06-20 7 Reuter NEW YORK Despite the finger-pointing between Washington and Tokyo over whose markets are more closed, American companies appear willing to leave the rhetoric to politicians and vigorously chase Japanese assets. "We're seeing a significant amount of interest in Japan onReuter - 475 words
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270 1992-06-20 7 Reuter LONDON Better-than-expected jobs and earnings figures were welcomed on Thursday as further signs that Britain's dawning economic recovery was more firmly taking hold. Official figures showed unemployment rose 21,300 in May, below the 30,000 rise economists expected. The year-on-year rise inReuter - 270 words
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320 1992-06-20 7 Asahi TOKYO Japan spent US$ll.O3 billion (S$ 17.91 billion) on foreign aid last year, up 19.6 per cent from the previous year, the Foreign Ministry said on Thursday. The figure could make Japan the world's largest aid donor, replacing the UnitedAsahi - 320 words
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Article, Illustration603 1992-06-20 7 Analysts say his policy is made with votes in mind US PRESIDENTIAL Ki Reuter WASHINGTON As the US presidential election grows nearer, President George Bush's need to win votes is becoming a dominant factor in more and more aspects of US foreign policy, analysts say.Reuter - 603 words
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Article, Illustration451 1992-06-20 7 Reuter OTTAWA Record high Canadian exports and imports in April, mainly in trade with the United States, show Canada's economy is slowly recovering and becoming more productive, analysts said. "This was the fifth month in a row that exports have increased, and theyReuter - 451 words
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WORLD WATCH
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112 1992-06-20 7 GENEVA Murders of labour activists fell over the past 15 months, but anti-union repression is increasingly taking other forms. A trade union group's global survey said on Thursday that 200 labour activists have been killed since January 1991 through March 1992, at least 64112 words
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Article59 1992-06-20 7 BEIJING American and Chinese teams have drafted an agreement to keep Chinese prison products out of American markets, but no date was set for signing it. A United States embassy spokeswoman here said the draft needed approval by both governments. US officials in Washington said on59 words
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Article60 1992-06-20 7 BEIJING China's largest purchasing group in recent years leaves for Europe today with more than US$l.6 billion (552.5 billion) to spend, the New China News Agency said yesterday. During the month-long tour of the European Community, Austria and Switzerland, the team will fill a shopping list60 words
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Article69 1992-06-20 7 TOKYO A former Japanese minister and top aide to Prime Minister Kiichi Miyazawa pleaded not guilty in court yesterday to taking bribes from a land developer. Fumio Abe, 69, acknowledged to a Tokyo district court that he had received 90 million yen (SS 1.15 million)69 words
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Article90 1992-06-20 7 TOKYO A recent pledge by Japan's semiconductor officials to open the Japanese market will not avert a trade showdown unless chip sales rise "dramatically" by the end of July, a United States trade official said yesterday. Michael Moskow, a Deputy US Trade Representative who is90 words
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Article76 1992-06-20 7 WASHINGTON A huge dam project in western India funded by the World Bank violates the development organisation's own environmental and human rights policies as well as India's laws, an independent review ordered by the World Bank said on Thursday. The Sardar Sarovar irrigation, drinking water and76 words
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504 1992-06-20 7 Reuter WASHINGTON Federal Reserve officials are more confident than ever that the economy is slowly pulling out of its doldrums and appear content to hold steady on interest rates, but some economists believe they may be making a mistake. While few fearReuter - 504 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration4271 1992-06-20 8 Quak Hiang Whai - By Quak Hiang Whai THE Singapore bourse continued to feel the impact of Thursday's slaughter in the overseas markets, closing below the critical 1,500 level. At the finish, the Straits Times Industrials Index was down 7.06 points to 1,498.97 on a volume of4,271 words
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Article, Illustration67 1992-06-20 8 Anthony Pang - By Anthony Pang Comment AS predicted two weeks ago, Keppel Corp made a short-lived rebound to $8.25 but thereafter continued to move lower. Ihe $8.00 support is clearly broken and the downtrend is now confirmed. While five-day stochastics are pointing to another technical rebound, the stock risks fallingSOURCE: BRIDGE INFO - 67 words
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Article3122 1992-06-20 9 Asia Pacific 1130 f20 +18% 1080 10 0 9% olJ B 520 +10 »2.0% Alliance Tech 84 +8 +10.5% Chem Ind 394 +8 2.1% J Cement 271 7 2.7% Cerebos 25« 302 f6 2.0% Jurong Eng 50« 346 f6 +1.8% PCI-50* 150 5 +3.4% Shangri-La3,122 words
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Page 9 Advertisements
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Advertisement153 1992-06-20 9 Shine I YOUR KEY TO BET I ERBUSINESS DEC ISIONS! Shine is Singapore Press Holding?' inforich database financial statements highlights, graphs, latest results team: T. S. Liu on 740 1035, Hazel Ong on 740 1771 on Teleview, which incidentally is the most advanced and company news. or Tony Chia videotext153 words
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Article3370 1992-06-20 10 Berjaya Leisure 125 +11 +9.6% MCB Hldgs 50* 94'/; +6'/i +7.4% Tongkah Hldgs ICS +4 14.0% Golden Hope 132 3 +2 3% Gil. US$0 10 77 +1 *2 0% Dun lop Est 149 +2 +1.4% II I eong Credit 277 +2 +0.7% Magnum Corp 50*3,370 words
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Page 10 Advertisements
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Advertisement100 1992-06-20 10 FIND THE PROPERTY Our coming PROPERTY UPDATE special feature will be drawing readers attention with topics like: Property prices going up? New properties on the market Making use of CPF funds How to find the right bank loan And many others. For you, the advertiser, this is a timely opportunity100 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5342 1992-06-20 11 Bernama SHARE prices in Kuala Lumpur yesterday drifted sideways for much of the day before ending on a marginally steadier note following some light bargain hunting. The KLSE Composite Index at the close added 0.08 of a point to 596.58 points, the IndustrialBernama - 5,342 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration1821 1992-06-20 12 Reuter SELLING and buying offset each other and share prices ended mixed yesterday as the market lacked fresh factors, brokers and analysts said. The SET Index ended 2.18 points lower at 753.55 on turnover of 5.83 billion baht. Declines led advances 114Reuter; Source: Bridge Info - 1,821 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration1213 1992-06-20 12 JAKARTA share prices closed steady yesterday and brokers said they expected sentiment would remain bullish next week. The Composite Index closed at 331.06 points, up 0.16. Local and foreign investors were active, with interest focusing on bank and hotel shares, they said. Bank BaliSource: Bridge Info - 1,213 words
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Page 12 Advertisements
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Advertisement7 1992-06-20 12 I QUALITY RECRUITMENT use the Appointments pages7 words
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Advertisement15 1992-06-20 12 VEEKENDeast <W/? CLASSIFIEDS! Call *****46/*****52 Managers must manage. Business Times shows you how every Monday.15 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2677 1992-06-20 13 Reuter TOKYO STOCKS ended sharply higher on a technical rebound yesterday, with the Nikkei Average up 474.31 points to 16,519.87. Dealer and institutional buying kicked in after it fell more than 10 per cent in the last seven trading days, brokers said. The broaderReuter - 2,677 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2655 1992-06-20 13 Reuter HONGKONG stocks recovered most of their modest losses by the close after a late bout of bargain-hunting yesterday, but turnover remained thin as the holiday lull continued to afflict the market, brokers said. "As the day progressed, Tokyo seems to have stabilised and soReuter - 2,655 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2118 1992-06-20 14 Reuter THE Australian stock market bounced back yesterday, ending seven straight days of falls. By the close, the All Ordinaries Index was nine clear points ahead at 1,633.9. "The bears haven't got any stock left," said Hambros Equities director John Bowie Wilson.Reuter; Source: Bridge Info - 2,118 words
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REGIONAL STOCK MARKETS
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Seoul stocks firm up on bond rumours
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Article836 1992-06-20 14 SEOUL stocks climbed out of Thursday's sharp dive to close higher yesterday after a rumour that the government will allow securities houses to issue corporate bonds, brokers said. Government officials said no such plans were under study. "I think active bargain hunting by speculators, the so-called 'big hands', caused836 words
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Article512 1992-06-20 14 TAIWAN stocks reversed its early gains to finish lower yesterday after investors sold shares on fears that the central bank's tight money policy would hurt the market, brokers said. The Weighted Index dropped 40.93 points to end at 4,587.85. Turnover was an active NT528.68 billion against NT$2B billion previously.512 words
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Article583 1992-06-20 14 PHILIPPINE share prices closed mixed in light trade yesterday as investors stayed on the sidelines since there was little news to excite the market, brokers said. The Manila stock market Composite Index slipped 5.86 points to close at 1,493.92 from Thursday's 1,499.78. Brokers said blue chips were pulled down583 words
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Article265 1992-06-20 14 THE New Zealand share market rallied in late trade to a higher close after bullish openings on Australian and Asian bourses triggered resurgent buying. The NZSE-40 Capital Index closed 17.38 points higher at 1,533.33, its highest for the week. Leading shares Brierley Investments, up two cents to 99265 words
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Article108 1992-06-20 14 TRADING on the Bombay Stock Exchange remained at a standstill for the fourth day on Thursday as brokers continued their boycott against the government's delay in unfreezing shares of broker Harshad Mehta, who is allegedly at the centre of a big financial scandal. "There's a major crisis. How can108 words
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Article49 1992-06-20 14 Close Preriow June 19 NEW ZEALAND NZSE-40 Capital 1,533.33 1,155.92 +17.38 MANILA Composite Index 1,493.92 1,499.78 -5.86 Turnover (mil pesos) 405.68 372.0 33.68 TAIPEI Weighted Price Index 4,587.85 4,628.78 -40.93 Turnover (NTS billion) 28.68 28.0 0.68 SEOUL Composite Stock Index 571.02 563.85 +7.17 Turnover (billion won) 223.16 211.51 +11.6549 words
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WORLD STOCK MARKETS
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US stocks record third straight loss
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Article616 1992-06-20 15 June 18 Close HrciiwK NEW YORK IXw* Junes J.274 12 3.287.76 -13.64 S&l' 500 ***** 402 26 -1.30 t urnover (million) 225.60 243.34 -17.74 LONDON Financial l imes 30 1.988 4 2 022 1 -33 7 Krst 100 2.562.7 2.598.4 -35.7 turnover (million) 517.9 423.9 f94.0 FRANKFURT DAX Index closed616 words
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Article, Illustration1503 1992-06-20 15 NEW YORK stocks slipped for the third straight day on Thursday in heavy trading on a broad sell-off prompted by concerns over earnings and further losses in overseas markets. Analysts blamed the session's volatility on fears ahead of yesterday's "triple-witching hour". The Dow Jones Industrial Average. which plummeted1,503 words
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Article, Illustration697 1992-06-20 15 THE London stock market plunged on Thursday, as shares were whacked by the surprise withdrawal of the plan for listing GPA Group, sombre forecasts by ICI, and a lower Wall Street. At the close, the Footsie 100-Share Index was down 35.7 points to 2,562.7, a low for the last697 words
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Article191 1992-06-20 15 A LOWER dollar, depressed by news of a widening US trade deficit, pushed Dutch shares further down on Thursday. The EOE Index closed 4.05 points down at 305.44. Traders were divided on the outlook for yesterday, when the June options series expire. "I don't think it will be a191 words
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Article191 1992-06-20 15 THE Paris Bourse was weak on Thursday, as the CAC-40 Stock Price Index ended at 1,891.80 points, down 0.89 per cent from the Wednesday close. The index had been off by a hefty 1.06 per cent at the Thursday opening. Declines in New York, Tokyo and London plus a191 words
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Article220 1992-06-20 15 STOCKS in Milan closed higher on Thursday, boosted by hopes that Italy may finally get a new government, but the shakiness of the lira remained a wony, brokers said. The MIB All-Share Index ended 0.65 per cent higher at 931 points after news that deputy Socialist Party leader Giuliano220 words
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Article259 1992-06-20 15 SWISS shares closed lower on Thursday, but dealers said market sentiment was still resilient in the light of weaker markets abroad. Dealers said the market recovered from the day's low, seen shortly after the opening. But late in the session Wall Street's weak start brought prices under light pressure259 words
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Article143 1992-06-20 15 SHARE prices in Stockholm fell in thin trading on Thursday ahead of the long Midsummer weekend, marked by a dearth of foreign interest. The stock market is now closed until Monday. The Stockholm bourse general index fell 1.32 per cent to 918.54, the top-16 index by 1.35 per cent143 words
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Article266 1992-06-20 15 BELGIAN stocks closed around one per cent lower after a day when a handful of issues saw active selling, but dealers said their worst fears were not realised. The Bel-20 Index closed 13.77 points lower at 1,176.22. "The whole market fell, but not too sharply. People were especially worried266 words
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Article359 1992-06-20 15 TORONTO stocks ended lower on Thursday with the consumer products and real estate indexes suffering the stifTest knocks. "It's just a continuation of the market erosion which we'll face until we see some improved earnings," Scotia McLeod vice-president Fred Ketchen said. The TSE-300 slipped 11.0 to 3,357.2 on volume359 words
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Page 15 Advertisements
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Advertisement24 1992-06-20 15 The Frankfurt market was closed for a public holiday. The Johannesburg market report was not available. Personal Finance Investment in Business Times every Saturday24 words
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CURRENCY, MONEY & FUTURES MARKETS
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1229 1992-06-20 16 REPORTS ASIA TOKYO: The US dollar ended firmer against the mark and steady against the yen in Tokyo yesterday. Early sellers squared otY their positions after they failed to push the dollar near overnight New York lows or the1,229 words
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Article386 1992-06-20 16 Cross rates June 19 l)SS SS MS Dm Yen SKr AS NZS 1JSS 1.6230 2.5170 1.5690 126.90 0.5371 1.4150 1.3263 1.8382 SS 0.6161 1.5508 0.9667 78.1885 0.3309 0.8718 0.8172 1.1326 MS 0.3973 0.64 0.6234 50.4172 0.2134 0.5622 0.5269 0.7303 Dm 0.6373 1.0344 1.6042 80.88 0.3423 0.9018 0.8453386 words
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Article522 1992-06-20 16 Interbank rates June 19 S$ Bid Offer Overnight 2 1/2 2 3/4 1-month 3 1/8 3 1/4 2-month 3 1/8 3 1/4 3-month 3 1/8 3 1/4 Overnight mode: 3-3/8 L'S$ Bid Offer 7 days 3 3/4 3 7/8 1 month 3 7/8 4 2 months 3 7/8522 words
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495 1992-06-20 16 Reuter SEOUL— The won on Thursday slumped to its lowest level against the greenback in 53 months and dealers expect it to depreciate further. The news was welcomed in South Korea which is grappling with a record trade deficit. AsReuter - 495 words
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Article1425 1992-06-20 16 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Sep 92 95.90 Dec 92 95.38 Mar 93 95.30 Jun 93 94.90 Sep 93 94.41 Dec 93 93 84 Mar 94 93.72 Jun 94 93.40 Sep 94 93.12 Dec 94 92.74 Mar 95 Jun 95 Sep 95 92.321,425 words
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Page 16 Advertisements
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Advertisement7 1992-06-20 16 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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403 1992-06-20 17 Reuter LONDON Prices for most commodities could revive strongly next year if the economies in leading industrialised countries recover sufficiently to demand more raw materials, said an independent research organisation on Thursday. "We expect the global economy to pick up in 1992 andReuter - 403 words
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296 1992-06-20 17 Reuter SINGAPORE Rubber output in Indonesia, the world's second largest producer, is expected to fall by between 10 and 12 per cent in the first half of this year because of poor weather and poor prices, a senior industry official said.Reuter - 296 words
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733 1992-06-20 17 REPORT THE Kuala Lumpur Tin Market hit a 20-month high of M$ 16.63 per kg yesterday, up 30 sen from Thursday's close as market operators began to adopt heavy short-cov-ering ahead of the weekend. The price of tin yesterday was only one sen733 words
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Article1562 1992-06-20 17 Rubber HHEL8 (ht totes) (M cents/kg) Noon Close Int 1 RSS July 92 22I.50/223.50N 222.00/224.00 Int 2 RSS OP 219.50/220.50N 219.50/220. SON UK/Cont 218.50/219.50N 218.50/219.SON Int 3 RSS OP 217.00/218.00N 2I7.00/218.00N UK/Cont 216.00/217.00N 216.0Q/2I7.00N Int 4 RSS OP 214.00/215.00N 2I4.00/215.00N UK/Cont 2I3.00/2I4.00N 213.00/214.00N Int 5 RSS OP 208.00/209.00N 208.00/209.00N1,562 words
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Page 17 Advertisements
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Advertisement1184 1992-06-20 17 BUSINESS TIMES Toll free Tel Ho 737 0043 -Fax No: 734 3668 HOTEL PROPERTIES LIMITED (INOWPDRATtIHN THE RFJIIN.K:C*SIN»;An*E) NOTICE OF BOOKS CLOSURE TO: ALL BONDHOLDERS PAYMENT OF INTEREST ON 5570,000,000 4% BONDS DUE 1993 NOTICE IS HEREBY GIVEN that the Register of Bondholders and the Bondholders Transfer Boob of the1,184 words
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Article, Illustration514 1992-06-20 18 Resounding 2-1 majority a boost for European Community Reuter DUBLIN Ireland voted by a resounding two-to-one majority to back the Maastricht Treaty on European Union, officials of political parties said yesterday. "I think it is a very clear cut decision," Prime Minister Albert Reynolds said.Reuter - 514 words
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Article, Illustration485 1992-06-20 18 Walton Morais - By Walton Morais SINGAPORE The French negotiator in the Gatt talks has slammed the US for proposed sanctions in its oilseeds war with the EC and warned of retaliatory action if the dispute is not resolved. Mr Jacques Desponts, Undersecretary485 words
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356 1992-06-20 18 UPI, AFP BANGKOK Caretaker Prime Minister Anand Panyarachun is likely to dissolve Parliament on Tuesday, one day after making his policy speech to the assembly, the Bangkok Post newspaper said yesterday. It was also revealed that new general electionsUPI,; AFP - 356 words
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348 1992-06-20 18 AFP MANILA The Philippine government has earned 58.8 billion pesos (553.5 billion) from the privatisation of state-owned firms over the past six years, the finance department said yesterday. The programme, launched by President Corazon Aquino after taking power in 1986, involves theAFP - 348 words
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377 1992-06-20 18 NYT, Reuter OTTAWA Russian President Boris Yeltsin, after a historic US trip, arrived in Canada on Thursday for a two-day visit seeking further support for his political and economic reforms at home. Mr Yeltsin and Canadian Prime Minister Brian Mulroney will signNYT,; Reuter - 377 words
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255 1992-06-20 18 Reuter TOKYO Japan will restrain growth in national budget spending in the next fiscal year because of falling tax revenues caused by the economic slowdown, Ministry of Finance (MOF) officials said yesterday. The MOF will set the ceiling on the 1993/94 general accountReuter - 255 words
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485 1992-06-20 18 Reuter, UPI WASHINGTON In what is perceived as an aggressive move to take control of disputed territory in the South China Sea the Chinese government has signed an oil exploration contract with the Crestone Energy Corporation of Denver, Colorado, forReuter,; UPI - 485 words
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Article, Illustration79 1992-06-20 18 KOMAKI, Japan A life-size wooden model of Japan's controversial FS-X Fighter was unveiled to the media at Mitsubishi Heavy Industries' plant here by air force officers yesterday, four years after Japan began joint development of the plane with the United States. The close-support Tighter plane, primarily designed79 words
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154 1992-06-20 18 Reuter JAKARTA The Indonesian military has warned the two opposition parties against any moves to form a coalition after losing last week's general elections, the weekly news magazine Editor reported yesterday. President Suharto's Golkar party, backed by the military, gained a landslide victor> inReuter - 154 words
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Page 18 Advertisements
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Advertisement6 1992-06-20 18 CHARTPOINT Every Saturday in Business Times6 words
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Advertisement18 1992-06-20 18 Fiscal discipline to remain: Thai finance minister, Pg 6 Thai businessmen not willing to enter politics, Pg 618 words
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Advertisement19 1992-06-20 18 MMPJ Philippines may seek USslb loan from IMF, Pg 6 Canada's record trade figures point to recovery, Pg 719 words
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Executive Lifestyle
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Article, Illustration1394 1992-06-20 19 Nirmal Ghosh - The retirement years can be a boon or a bore, but a lot depends on how well you have prepared yourself for the changes ahead. Nirmal Ghosh asks some executives about their plans, if any, for life after work Nirmal Ghosh ONCE upon a time,1,394 words
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STRAWS IN THE WIND
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Article66 1992-06-20 19 MALAYSIA'S natural endowments took on a new meaning at the Johore 2005 Conferenee. When a delegate referred to Trade Industry Minister Kafidah Aziz as "Mr Chairman", she corrected him: "It's Madam Chairman. I am quite well endowed." Not to be outdone. her (distinctly male) deputy. Chua Jui66 words
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Article49 1992-06-20 19 IN THE June 5 issue of The Straits Times' Life! section was a story about Bugis Street and its transvestites. One couldn't help noticing that under a picture of some transvestites was this giant ad with the heading: "Be the woman you've always wanted to be!"49 words
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Article44 1992-06-20 19 SOUTH African Airways, which recently launched a weekly service to Singapore, might have difficulty taking off from Chinese-speaking countries. According to one wit, "South African Airways" in Mandarin sounds like Nan Fei Haang. And Nan Fei means "difficult to fly".44 words
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Article45 1992-06-20 19 EUROPEAN journalists have a fondness for using names of common illnesses to describe political and economic maladies on the Continent. In the '70s the buzzword was Eurosclerosis. These days, it's PMT Post Maastrich Tension. Wonder what Thatcher and Cresson would have to say45 words
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OPINIONS
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Article, Illustration936 1992-06-20 20 Harish Mehta - Harish Mehta picks a few bones with the recent American Supreme Court's ruling allowing the US to kidnap suspected criminals in other countries. Harish Mehta The writer is a BT Correspondent IT DOES not behove the only remaining superpower in the world to936 words
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692 1992-06-20 20 LETTERS TO THE EDITOR •l REFER to the article on ANA Hotels Singapore Ltd's poor cor.porate performance in the June :,6-7 edition and the Hock Lock i-Siew commentary in the June 8 1, edition of Business Times. I also read with interest the letter from692 words
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432 1992-06-20 20 ••THE Board of Directors of Amcol would like to refer to an article .entitled, "Amcol stocks more than double to $81m", which appeared ip BT on Tuesday. We must point out and correct some of the misleading and purely speculative statements made by your writer432 words
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Article, Illustration902 1992-06-20 20 Toh Teck Sun - Toh Teck Sun does not take stock market rumours seriously. But a little bird convinces him otherwise. Toh Teck Sun The writer is BTs Features Editor A LITTLE bird told me that the Stock Exchange of Singapore, at the behest of the Monetary Authority902 words
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606 1992-06-20 20 PLEASE refer to the article by Leslie Lopez in the Hock Lock Siew column (BT, June 9) in which he dealt with the merits of each of the bids for Federal Cables from Leader Universal Holdings, Ekran Sdn Bhd and Sapura Holdings Sdn606 words
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VIEWPOINT
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Article, Illustration2031 1992-06-20 21 Margaret Thomas - Ho Kwon Ping is often quoted in the media and worries he may he seen as a publicity seeker. So why is he shooting ofifhis mouth, this time about the role of GLCs? Margaret Thomas finds out r CONVERSATIONS RAFFLES Margaret Thomas JOURNALISTS in need of a quotePhoto by Chris Loh - 2,031 words
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Article947 1992-06-20 21 HIS FIRST venture bombed so badly it might well have sent him hurrying back to the armchair comfort of business reporting or economics theorising. But his father insisted he win back for the company all the money that had been lost, and a decade later Ho947 words
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Article810 1992-06-20 21 HIS WIFE Claire once described Ho Kwon Ping as a capitalist in his pocket and a socialist in his heart. As he talks about his hotel business, it is easy enough to see why she described him so. And to spot the traces of the idealist810 words
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EPICURE
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Article, Illustration517 1992-06-20 22 Susan Tsang - Cafe Palm is turning the world into a batter place, reports Susan Tsang Susan Tsang THINGS are getting batter and batter at the Oriental's Cafe Palm. Available for lunch and dinner are a worldwide selection of pancakes as appetisers, entrees and, yes, desserts. For starters, I tried the517 words
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LIFESTYLE
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Article, Illustration1091 1992-06-20 23 Jacques Pepin - Well-known French chef Jacques Pepin shows how cheap, protein-rich eggs can make a delicious meal Jacques Pepin NYT Concern over cholesterol has made eggs less popular with the health-conscious, but eggs are rich in protein and still one of the most nutritious foodsNYT - 1,091 words
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Article, Illustration567 1992-06-20 23 N K Yong - WINE By N K Yong Temperature plays a key role in the life of a wine. It is important during the ripening of the grapes, during wine storage, and is of major importance in the proper appreciation of wine. You can hide the defects567 words
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Article, Illustration288 1992-06-20 23 Sybil Holloway - BRIDGE By Sybil Holloway THE Irish team were playing the French Kremer team in the 11th round of the Philip Morris sponsored Teams event of the 1992 European Mixed Teams and Pairs Championships when Board 27 turned up. What contract would288 words
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PEOPLE
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Article, Illustration140 1992-06-20 23 IT WAS AN EVENT all movie fans had been looking forward to the launch of a movie channel by cable TV company, Singapore Cablevision. The company launched its Movie Vision and Variety Vision earlier this month, about two months after the launch of its 24-hour140 words
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PURSUITS I
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Article, Illustration554 1992-06-20 24 Susan Tsang - Ho Huu Thu and Trinh Thanh Tung talk to Susan Tsang about art in the lean years Susan Tsang "T" HEN Vietnam freed its econo- my, it freed its 'Wf artists as well. Art galleries have been quick to react, and an .exhibition at Notices The Gallery554 words
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Article, Illustration564 1992-06-20 24 RINGO LIEW - CD Review By RINGO LIEW SIEIL DIAMOND: The Greatest kits 1966-1992 These days, professing any affection for Neil Diamond is just $bout as gauche as gauche $ets. While it's cool for many to sigh nostalgically about '60s acts like Roy Orbison, Neil Se►>**daka or even the564 words
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Article, Illustration698 1992-06-20 24 S N Vasuki - S N Vasuki finds Michael Crichton's latest novel a piece of low fiction masquerading as high art S N Vasuki The Rising Sun By Michael Crichton 355 pages Random Century Group US PRESIDENT George Bush probably made the biggest mistake of his career698 words
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Article, Illustration490 1992-06-20 25 Susan Tsang - Susan Tsang picks out some Father's Day gifts that should satisfy the most particular of patriarchs Susan Tsang FATHER'S DAY used to be a black-lie affair. But of course, when he gets tired of black ties, you could buy him a blue one. Today, the electronic age490 words
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PERSONAL FINANCE & INVESTMENT 1
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1101 1992-06-20 26 Quak Hiang Whai - Quak Hiang Whai delves into Daiwa Institute of Research's 1992 earnings forecast for the top 15 listed companies in Singapore and Malaysia Quak Hiang Whai SUPPORTED BY a 6 per cent economic growth this year, the combined earnings of1,101 words
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Article, Illustration987 1992-06-20 26 Dawn Tan - A man or company could indeed live by bread alone. Dawn Tan finds out that it is QAFs bread business that is helping to rake in the profits STOCK Dawn Tan A MINNOW in a pond full of larger fish is difficult to ignore. Singapore-listed987 words
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Article, Illustration87 1992-06-20 26 Hiang Whai - By Hiang Whai QAF HAS BEEN trading within an upward bend during the last three months. Daily s toe has tics are approaching zero, suggesting the stock is heavily oversold. A slight pullback towards 59 cents is expected before it moves up to test the 65 cents level again.Source: Bridge Info - 87 words
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Article, Illustration616 1992-06-20 26 Goh Hiang Fong - CHART By Goh Hiang Fong The writer is head of research, Lum Chang Securities An interesting trendline formation has taken place on the Straits Times Industrials (STI) Index over the past three-and-a-half months. This is the channel formation as represented by the lines ABC and DEF (see616 words
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Article, Illustration1587 1992-06-20 27 The Malaysian group explains its rationale for replacing r its TSRs with a proposed preference issue RASHID Hussain Bhd (RHB) financial adviser David Berry says that its recent proposed offer to its TSR fTransferable Subscription Rights) holders is not a "con game" designed to benefit1,587 words
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SPORTS
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SIDE LINES
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86 1992-06-20 28 PARIS Michel Platini is expected to resign as France's national coach next month. Platini was hugely disappointed at France's dismal showing in the European Championships in Sweden where it scored two goals in three games. He was expected to announce his resignation after86 words
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Article61 1992-06-20 28 WASHINGTON Female athletes who train hard arc at risk of developing various inter-related medical disorders, including missed menstruation, bone loss and eating disorders. The American College of Sports Medicine, at the opening of a two-day conference on Thursday, called for increased research into these ailments,61 words
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Article85 1992-06-20 28 MANCHESTER, England American Mai Washington was left as the sole surviving seed in the Manchester Open here on Thursday after the shock defeat of compatriot Brad Gilbert in the quarter-finals. Gilbert, the second favourite, was beaten 6-3, 3-6, 6-7 by Mexican Luis Herrera who had lost to85 words
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Article47 1992-06-20 28 NEWARK, California President George Bush is sending The Terminator to the closing ceremonies for next month's Summer Olympics in Barcelona. Spain. The White House said on Thursday that Mr Bush had selected movie star Arnold Schwarzenegger to head the US delegation to the ceremony.47 words
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Article72 1992-06-20 28 MANILA China has grabbed the solo lead in the women's division of the 30th Chess Olympiad with a rout of Bulgaria, edging past rival Georgia as the tournament took a second break yesterday after 10 rounds. World champion Xie Jun led the Chinese women in shutting out72 words
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Article, Illustration640 1992-06-20 28 US Open AP PEBBLE BEACH. California Gil Morgan's last-hole birdie putt finished off a 6-under-par 66 and deprived Curtis Strange of a piece of the first-round lead in the US Open golf championship on Thursday. Morgan's putt, a gently curling elTort from 15 feet onAP - 640 words
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Article559 1992-06-20 28 AFP LE MANS, France Japanese cars look poised to make another piece of motor racing history at this weekend's Le Mans 24-hour race but not one they will be especially proud of. For as Mazda tries to repeat last year's first victory by a Japanese car,AFP - 559 words
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759 1992-06-20 28 NYT LAS VEGAS Evander Holyfield has always been a fighter who got hit. Michael Dokes. Alex Stewart. George Foreman and Bert Cooper all jarred him with good licks. Never mind that Holyfield is the undisputed, undefeated heavyweight champion. In the minds ofNYT - 759 words
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Article, Illustration830 1992-06-20 28 AP I NEW ORLEANS The word Superwoman might not be strong enough to describe Jackie Joyner-Kersee after ->he finishes competition in <he US Olympic track and field trials. Joyner-Kersee is entered *-in five events the heptath•Jon, long jump, 100-metre i hurdles, high jump and shotAP - 830 words
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Article1273 1992-06-20 29 City Flight ETA Flight ETC Abu Mvitx GA971 1035 GA976 0145 GA890 0150 AdoiaMo QF81 1955 QF82 2205 SQ228 2025 Amsterdam SQ319 0715 SQ24 0115 KL837 1255 GA890 0150 KL838 2240 SQ342 2255 AttMM 0A473 0110 QA474 2245 AhcMm< N221 1820 NZ22 1940 SQ286 2030 Bahrain1,273 words
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THE TRAVEL PAGE
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Article, Illustration682 1992-06-20 29 Jean Raflerty - LETTER FROM PARIS By Jean Raflerty NO ONE is quite sure who has christened 1992 as the European year of the garden, but it is one Euro-event Parisians are happy to celebrate. Not since the Second Empire has horticulture been so chic in France. President682 words
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Article151 1992-06-20 29 As at 10am yesterday: l>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2186 1.2332 Canadian dollar 1.3391 1.3661 NZ dollar 0.8733 0.8912 Sterling pound 3.0093 3.0301 US dollar 1.6200 1.6280 Local dollars to 100 units of foreign currency Austrian schilling 14.33151 words
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Article74 1992-06-20 29 Duration Title Venue Organiser Tel July 20-24 tkxtrotcch NFC Elect rcx Ltd. 071-*****47 Birmingham London (rax) Aug 16-18 International Munich. Mode-Wochc- (49) 89/3024. Fashion Fair Germany Munchcn GmbH 570 (fa*) Aug 22-25 International KranMurt. Mcssc Frankfurt (49)69/***** Trade Fair for (iermany GmbH Consumer Goods Duration Title Venue74 words
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Article, Illustration544 1992-06-20 30 Beauty And The Beast. The much-awaited Disney production of the classic fairy-tale. Orchard: 11; 1.30; 4; 6.45; 9.15. Bedok 2: 1; 3; 5; 7; 9. Broadway 2: 1; 3; 5; 7; 9. Odeon-Katong: 1; 3.30; 5; 7; 9 Yishun 10: 10; 10.20; 12; 12.10; 1.55; 2.10; 4; 4.05; 5.55;544 words
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TIME OFF
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Article, Illustration265 1992-06-20 30 Theatre Sans FH Bringing cinematic magic to the stage, this Canadian giant puppet troupe is all set to mesmerise with a higi* voltage performance of Tolkien's Lord of the Rings. Venue: WTC Harbour Pavilion. Today Tomorrow. 8pm. The Wallace Collection A brass ensemble from the UK with a265 words
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Article186 1992-06-20 30 Yasotha M - Compiled by Yasotha M Lisa Stansfield Concert by British pop star Lisa Stansfield, who came to international recognition through her debut album Affection. Venue: Singapore lnd(X)r Stadium. July I. 8pm. Konsert Aidil Adha NSR/SDC Hari Raya Haji show featuring top artistes from Malaysia and Singapore. Venue: Sentosa, Musical Fountain.186 words
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Page 19 Advertisements
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Advertisement291 1992-06-20 19 I And can they afford it? Poaching of remisiers is common these days, as broking |j y\ yix t firms which previously serviced institutions change tack to |j J xlTll 1 \l focus on retail business. In tempting experienced remisiers WAlvl- to switch sides, these newcomers are giving established broking291 words
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Page 20 Advertisements
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Advertisement37 1992-06-20 20 j Iff iffl welcomes r letters from you. J Please address them C to: The Kditor, J Business limes, L 390 Kim Seng Rd, J S'pore 0923. letters f k ,;v should include your S contact numbers.37 words
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Page 20 Miscellaneous
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Miscellaneous71 1992-06-20 20 POONESBURY BY GARRY TRUDEAU you IWOtU, BtG BRD, POP UJEtL.I kHGHT HEY, THAVS BACH 6tt€MWN HAS POP MUSiC HAS AIMtWB&N BZA9I£ TD6ET WHAT BK> fVRMAKD ZHYTmCAU KAPG fey IPO' Jj KKK vtcwsuMnw mrnervfvr BAN?SAP *oswpeKUsetON--usuAux HEMST ON AjM&m ne K Tte*€uxr/ ABOUT ROCK< NO man AT ALL'.-news*, sotabav dAee ANPTHE&STI&&\71 words
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Page 22 Advertisements
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Advertisement929 1992-06-20 22 Nothing Beats A Bud. feffinfll where to wine, dine Bwg rfW'i 1 yfa I >#K J nuime&jf SUNDAY TEMPTATIONS Every Sunday, Nutmeg's brings to you exquisite culinary surprises, fine wines and champagnes and the relaxing chords of our jazz musicians. Seafood delicacies, Sunday favourites, local specialities and even a touch929 words
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Advertisement330 1992-06-20 22 (How To Pla Y Happy Family t s rea "v easy once you know I what we have in store for you and i <x,r fam,ly at e Stables. A super family buffet that'll delight I jf even the tiniest of tots. So come f wj^ oo over irst thing330 words
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Page 23 Advertisements
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Advertisement268 1992-06-20 23 AND ENTERTAIN Our buffets feature a wide selection of delectable appetisers, soup, main courses and luscious desserts. Available for lunch and dinner. Featuring on: Mondays Morsels from the West Tuesdays Favourites from the Wok Wednesdays Malaysian Rice and Spice Thursdays Going Italian! Fridays Seafood Delights Asian Style Saturdays Lite' n268 words
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Page 25 Advertisements
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Advertisement109 1992-06-20 25 f(iß(a)* H I 'i*f I m W 2 new albums of I yCi imaginative music by I \Q&* Singaporean Sha'aban H Yahya qualify for a whole H for an Unrestricted Audience. I j Also, journey into a musical B ex P erienceof3 different I SUH dimension in the album 'Return109 words
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Page 26 Advertisements
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Advertisement20 1992-06-20 26 G,V you f^Mll WINNING EDGE! i' i 1 RAJAN ipXte. i $4 <*$ £&Lzl* %|r U mm. r 1- JUNE 199220 words
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Page 27 Advertisements
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Advertisement96 1992-06-20 27 I/"/ II II Ph *_a I And what about you? >45 an advertiser, you should not miss our coming SIGHT SOUND special feature. It gives readers an update on the audio and video scene; including highlights on new home theatre systems, TVs, hi-fi systems, laser disc players and many others.96 words
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Advertisement212 1992-06-20 27 SHARE Jst OAN 4 SHhL 1 counter at any of our 28 branches. Loans from $2,000 to $100,000. MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS! YOU CAN TOO HONG LEONG FINANCE LTD SINGAPORE FINANCE LTD HONG LEONG FINANCE LTO: Head Office Tel 221 *****20 9433 Ang Mo Kio Branch212 words
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Page 29 Advertisements
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Advertisement42 1992-06-20 29 Discover the lengths Finnair go for just one price. V A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. We knew Europe from aUrt to Finnish.42 words
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Advertisement24 1992-06-20 29 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 749-257724 words
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Advertisement72 1992-06-20 29 r» > X^Awi S iiHifc A taste of life in prison What is life like in a Singapore prison? Scary and"enough to make me give up all my activities for good" That's the conclusion of about 50 delinquent youths who were recently exposed to life in prison so that they72 words
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Page 29 Miscellaneous
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Miscellaneous154 1992-06-20 29 29 One entitled to receive the director's post (9) put a variation (9) DOWN 14 Animated like an elf, so to YESTERDAY S SOLUTION 2 Veal is cooked in the bag speak (9) Iplolnlaltl I lolNMslHlnlelwfol (6) 15 Roof colour? (5-4) 3 Artilleryman on the wharf 16 Southern tent dweller,154 words
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Miscellaneous162 1992-06-20 29 Singapore Outlook: Showers over several areas in the morning. ReportMaximum temperature 28.8 Assoc humidity 66% Minimum temperature 21.1 Assoc humidity 100% Hours of sunshine 0.00 Rainfall in mm 22.4 Rainfall this month 147.2 Rainy days this month 13 World report Asia-Pacific Hi/Lo* Cond. Auckland 13/10 Cloudy Bangkok 34/25 Cloudy Beijing162 words
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Miscellaneous27 1992-06-20 29 -p 0 -jvjsr cone in seriuE, dou»j f\ S£NSe OT MutaovJß. G*GWJL\G iGG J Dev6.LOPfcD IT'S WRV OP G»GGie.' P\ND GIGGUE, DIFFICULT -TO U>OfcK vwuc seßtoosuy... IM9QOATB)27 words
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Page 30 Miscellaneous
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Miscellaneous1656 1992-06-20 30 TODAY'S TV ■BRffTTTTHH Saturday Soccer 11 30 Pendidikan. i lun Socccr: 12.00 12.15 PM Kelab Remap Angka4& °SBC epa U Ro<,a Glasgow, Scot- 1210 AM c,ose x 10 SniMltafata^ Desy Ratnasan plays Olga, a Charming accents abound on 2-00 Drama!**" Welw i rebellious teen who wants this friendly tour of1,656 words
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Miscellaneous611 1992-06-20 30 MOVIES ON TV Black Arrow, Mon, 3.00pm, Throwaway Wives, Wad, SBC 5 10.30pm, SBC 5 Entertaining 1985 adaptation Stefanie Powers stars as the of Robert Louis Stevenson's typical glamorous wife whose medieval swashbuckler. Oli- Hf e falls apart when her husver Reed and Stephen Chase band leaves her, taking away611 words
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