The Business Times, 4 July 1992
1992-07-04
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The Business Times
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Title Section17 1992-07-04 1 Business Times MITA (P) 35/12/91 Weekend Edition, July 4-5 1992 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS SUMMARY
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Article37 1992-07-04 1 LONDON stocks held strong gains at midday yesterday on talk that Britain might cut interest rates. The FTSE 100 was up 20.6 to 2,496.7 at 1200 GMT. Wall Street was closed yesterday for a holiday37 words
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51 1992-07-04 1 PHNOM PENH The radical Khmer Rouge yesterday demanded that the Phnom Penh government and parliament be disbanded, its ministers and vice-ministers stripped of power, its flag furled and its anthem left unplayed as a condition for their participation in the peace process for51 words
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30 1992-07-04 1 BRUSSELS The European Community has abolished almost all barriers to internal trade involving goods from countries outside the community, including 31 restrictions on Asian goods.30 words
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Article25 1992-07-04 1 The Indonesian economy is seen at a turning point, with the manufacturing sector overtaking agriculture as the biggest GDP contributor. Page 225 words
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Article40 1992-07-04 1 LEADER Universal Holdings Bhd, a contender in a takeover tussle for Federal Cables, Wires Metal Manufacturing Bhd, failed at yesterday's emergency general meeting to say whether it would make a revised bid for FCW. Page 340 words
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Article28 1992-07-04 1 CYCLE and Carriage Ltd has signed an in-principle agreement with Saigon Tourist Co to build and operate a vehicle workshop in Vietnam. Page 328 words
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Article28 1992-07-04 1 A BORDER gunfight between Vietnam and China has coincided with a new Chinese push in the South China Sea near the disputed Spratly Islands. Page 628 words
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Article, Illustration28 1992-07-04 1 Friday Change BT-MGA 715.86 -4.18 Kuala Lumpur ....5%.08 -0.39 Tokyo 16,717.78 -39.85 6.061.85 -11.89 Sydney 1,663.2 +1.5 Hianday Change New York 3,330.29 -23.81 London 1,901.1 -16.228 words
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Article20 1992-07-04 1 USS SS 1.6155 100 Yen SS 1.2992 MS SS 0.6456 Moiwy market rites Overnight 1 -1/4 3-montn 2-9/16% unch20 words
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Article34 1992-07-04 1 LaaiM Grid AM fix US$345.80 -US$1.30 S'SIe'sep.... 141.00*/kg +25 M'sia Sep 220 Vkg unch rlhh Turnover 65 tonnes -8 Spot M$l7.5(Vkg -31 Crai* pain «l Turnover 950 lots -300 Sep MS869 /tonne +934 words
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Article, Illustration479 1992-07-04 1 Lee Han Shih - Outcome in hands of minority shareholders at coming AGM By Lee Han Shih SINGAPORE A new twist has cleared the way for minority shareholders of Singapore Airlines to push through a resolution for the national carrier to issue its first-ever bonus shares479 words
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Article, Illustration570 1992-07-04 1 Alvin Tay - By Alvin Tay SINGAPORE Thursday's reduction in US interest rates and poorer employment figures have raised the dual concerns among Singapore companies of an even stronger local dollar and a weaker-than-expected US economy. The only bright spot in recent events in570 words
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178 1992-07-04 1 AP HONGKONG Governor Lord Wilson bid adieu to the British Colony yesterday, wrapping up a five-year stewardship that survived one of the rockiest periods of Hongkong's 150-year colonial history. Hongkong put on a rousing farewell reception and musical extravaganza for LordAP - 178 words
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368 1992-07-04 1 New telephone deal an USsBb lesson, Thais told AFP BANGKOK Thailand's Prime Minister Anand Panyarachun has openly slammed entrenched corruption in official circles and said his renegotiation of a huge telephone project will earn the country US$B billion (5512.9 billion). "All Thais should remember thisAFP - 368 words
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Article125 1992-07-04 1 Reuter BANGKOK The outspoken mayor of Sarin in Thailand's impoverished north-east was killed on Thursday evening by a powerful bomb planted under the seat of his pick-up track, police said. Sanit Lokasemsant, 35, was killed instantly, along with his secretary and a driver, when his vehicle blewReuter - 125 words
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Page 1 Advertisements
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Advertisement88 1992-07-04 1 Nikon COVER Arts Festival jppf roundup. ELI P|jgjyj Arcraft Schedule a 11 Commotes 17 Company News 3,4 Corpte Crossword EL 11 Futures i Options 16 Mertiait Fore* tain 16 KLSE 11 Momy Ctanger tales a 11 Money Martiat 16 flaeoml News 6 Renonal Stock Markets 14 SB 1-10 StapsmPort 688 words
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Advertisement11 1992-07-04 1 OPINIONS Hongkong: tempers ran high and puzzle the people. EL 211 words
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Advertisement28 1992-07-04 1 VIEWPOINT Conversations at Raffles with Chia Shi Teck. I EL 3 US prime rate cuts will not help, say economists, Pg 7 Thanks for the nenorfcs, Back Pg28 words
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Advertisement264 1992-07-04 1 PURSUITS The gaJgahmm cometh. EL 6 Hock Lock Siew: World markets headed for a squeeze, Pg 3 i The movement of a watch is dust, dirt and water. It provides Rolex Oysters have climbed its heart. Precious. Delicate. For a totally secure protection for the highest mountains, dived to centuries264 words
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Advertisement17 1992-07-04 1 Nikon Pfi* 1 IBMMhBi mi nii» —mmmmmmmmmmmmmmmmarn I Reviews of The People fer The Stairs EL 717 words
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Advertisement22 1992-07-04 1 FINANCE South-east Asian stocks. EL 8. The concensus on Eltech. EL 9 Thai venture gets contract for lm phone lines, Pg 422 words
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PAGE 2 NEWS
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Article, Illustration693 1992-07-04 2 Kenneth James, Maggie Ford - Taking stock of the regional economies Manufacturing overtakes agriculture as biggest GDP contributor By Kenneth James, Maggie Ford FOR HAL HILL, an Australian National University senior fellow who edits the reputable Bulletin of Indonesian Economic Studies, Indonesia has reached a "major turning point in693 words
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452 1992-07-04 2 Florence Chong - From Florence Chong in JAKARTA AFTER turning off the money tap last year, the Indonesian government has started tp. ease its tight monetary pdlicy. "We are easing off (on guar monetary policy) and appalling to the banking sector (b feduce interest rates," Irzan Tandjung,452 words
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442 1992-07-04 2 Harish Mehta - By Harish Mehta SINGAPORE Trade between Singapore and the three Indochinese countries crossed Ss2.l billion last year and is expected to grow further this year, due to the emergence of Laos, which is promoting commerce under its market-oriented New Economic Mechanism. Landlocked442 words
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407 1992-07-04 2 Bernama. AFP KUALA LUMPUR Malaysia faces opposition to the launch of its Malaysian East Asia Satellites (Measat) as several countries have lodged a protest before the International Telecommunications Union. Energy, Telecommunications and Post Minister S Samy Vellu said yesterday the countries concerned, which alreadyBernama.; AFP - 407 words
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Article, Illustration332 1992-07-04 2 Reuter BEIJING Sino-British talks on a dispute over financing Hongkong's huge new airport project began in Beijing yesterday, a British embassy spokesman said. John Coles, acting as emissary for Prime Minister John Major, leads the British team at the talks,Reuter - 332 words
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323 1992-07-04 2 AFP KUALA LUMPUR A •deputy minister, an ethnic Jndian political leader, and jthe son of MIC president Sa:my Vellu, have been ordered |by Malaysia's powerful anticorruption agency (ACA) to jdcclarc their assets in a probe Jinto an alleged shareAFP - 323 words
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Article, Illustration360 1992-07-04 2 Dexter Lee - By Dexter Lee SINGAPORE MiddleEast airline Emirates wants to emulate Singapore Airlines and become a worldclass carrier, Emirates group managing director Maurice Flanagan said last night. He was speaking at a dinner Held to announce more Emirates flights between Singapore and key360 words
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318 1992-07-04 2 Dee Risslik - Fran Dee Risslik in JOHANNESBURG THE Singapore Trade Development Board's mission to South Africa left Johannesburg last night, after getting a "tremendous response from individual businesses". Mission leader A R Jumabhoy, chairman of Scotts Holdings, said it was unfortunate that delegates318 words
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COMPANY NEWS 1
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404 1992-07-04 3 Word on new offer expected at yesterday's EGM MBT, Bernama PENANG Leader Universal Holdings Bhd, a contender in a three-cornered takeover tussle for Federal Cables, Wires Metal Manufacturing Bhd, yesterday failed to say whether it would make a revised bid for FCW.MBT,; Bernama - 404 words
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198 1992-07-04 3 Bernama KUALA LUMPUR Malaysia Airlines (MAS) has obtained various additional rights to Australian cities and also new rights to fly to Darwin and Cairns in Northern Australia. The national carrier has been granted additional rights to Perth, Adelaide, Melbourne and Sydney. ItBernama - 198 words
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314 1992-07-04 3 SINGAPORE Malaysian Airline Systems Bhd is studying a host of financial packages to get the best deals for funding its MS 10.6 billion (556.85 billion) fleet and network expansion. According to a Bernama report yesterday, MAS is considering the appointment of a314 words
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219 1992-07-04 3 MBT KUALA LUMPUR Malaysia Airlines (MAS) will be able to carry out heavy maintenance works on its Boeing 747-400 aircraft at the Subang Airport once its third wide-body hangar cum workshop complex costing more than MS 100 million (Ss64 million) is completedMBT - 219 words
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271 1992-07-04 3 SINGAPORE Sembawang Construction (Semcon) has clinched a $22 million contract to carry out site preparation work for the Public Utilities Board's Pulau Seraya power station expansion project. The contract is the third awarded by the PUB to the listed Sembawang group in the271 words
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536 1992-07-04 3 SN Vasuki - THE HOCK LOCK SIEW COLUMN But squeeze on underperforming S'pore will not be as severe By SN Vasuki SINGAPORE An uninviting bear hug awaits global stock markets. The bears have every reason to be delighted. At the best of times, a cut in the536 words
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Article, Illustration317 1992-07-04 3 Sylvia Wong - By Sylvia Wong SINGAPORE Motor distributor Cycle and Carriage Ltd has joined the growing list of Singapore companies tempted by the promise of the Indochina market. It has signed an in-principle agreement with Saigon Tourist Co to build and operate a317 words
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COMPANY BRIEFS
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67 1992-07-04 3 Land General to buy rest of Sri Damansara KUALA LUMPUR Land General Bhd intends to acquire the stake in Sri Damansara Sdn Bhd that it does not already own for Ms6o million (5538.4 million) cash. Land General chairman Azmi Wan Hamzah said yesterday that Beijaya Leisure Bhd was selling the67 words
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Article49 1992-07-04 3 SINGAPORE Bousteadco Singapore Ltd announced yes- terday that the Jack Chia-MPH group had increased its stake in Boustead pic by 0.61 per cent or 402,707 shares to 30 per cent. Boustead pic holds a 60.79 per cent stake;. comprising 20.08 million shares, in Bousteadco.49 words
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Article49 1992-07-04 3 SINGAPORE OCBC Bank said yesterday that the percentage of its issued share capital in foreign hands was 40 per cent. It also said that 37.25 per cent of its warrants '94 and 39.79 per cent of its warrants '95 were in foreign hands.49 words
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Article95 1992-07-04 3 KUALA LUMPUR Kimara Securities Bhd has reported a group pre-tax profit of M 52.50 million (Ssl.6 million) for. the year ended March 31, 1992. A Kimara statement yester-. day said there were no comparative figures for the group asthis was the first year in which consolidated95 words
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Article41 1992-07-04 3 SINGAPORE Pacific Can Investment Holdings Ltd has announced the appointment of Kevin Yap Foo Seong, former managing director of Avimo Singapore Ltd, as general manager. Mr Yap replaces Cheang Wai Yew alias Cheang Wai Yeow. I41 words
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Article71 1992-07-04 3 SINGAPORE Inno-Pacific Holdings Ltd has announced, the appointment of Marguerite Lai Fong Yee as a director from June 29. She was formerly an alternate director to, Choo Teow Meng, who did not seek re-election at 4he; company's annual general meeting on Jun 29 and ceased to71 words
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Article25 1992-07-04 3 SINGAPORE Malayan Credit has announced that Abdul Manaf Ghows has resigned as director and vice-chairman of the company, from June 30.25 words
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COMPANY BRIEFS
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86 1992-07-04 4 HONGKONG Hopewell Holdings Ltd, already running one power station and building another in China's Guangdong province, is planning a third which will be one of China's biggest, Gordon Wu, managing director of Hopewell, told Reuters. "Initial capacity of the plant should be at86 words
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Article83 1992-07-04 4 BANGKOK Thai Airways International, fighting a business slump since the May violence here and under fire for Shaky deals, is being sued by an irate businessman for overbooking a flight, a report said yesterday. Prasit Hongmeesiangsri, 37, has asked the Bangkok Civil Court for 200,000 baht83 words
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Article65 1992-07-04 4 GRAPEVINE, Texas Braniff International Airlines, one of the largest in the US in the late *****, has shut down, blaming the current airfare war for a disastrous reduction ih ticket sales. "Braniff is considering litigation over the pricing practices that led to this unfortunate occurrence/' said65 words
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Article69 1992-07-04 4 TOKYO Standard and Poor's Asia Ltd said yesterday it ,had cut the long-term debt rating of Matsushita Electric Industrial Co Ltd, the world's biggest consumer electronics company, from triple-A to double-A-plus. The downgrade, announced ahead of the company's proposed US$l billion (SS 1.61 billion) bond issue,69 words
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Article79 1992-07-04 4 WELLINGTON Sydney-based food company Goodman Fielder Wattie Ltd (GFW) has bought a core business in the Netherlands for As2oo million (SS24O million), the 'New Zealand Stock Exchange reported. Under the deal, GFW's European subsidiary, Meneba NV, will buy the milling, baking and starch operations of Koninklijke79 words
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Article75 1992-07-04 4 PARIS Northern Telecom of Canada is investing 1.36 billion French francs (US$432 million) in Matra Communications, the telecommunications division of Matra, the French defence electronics group. The Canadian group, which will emerge with an initial 20 per cent of Matra Communications, is also negotiating to75 words
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372 1992-07-04 4 Investment of USsl.6b needed for huge project Reuter BANGKOK Thailand's government on Thursday signed a contract giving a Thai joint venture company the concession to install and operate a million provincial telephone lines. The concession was granted to a consortium madeReuter - 372 words
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283 1992-07-04 4 AFP BANGKOK The Thai government is ready to scrap Bangkok's "Skytrain" mass transit project if the Lavalin company of Canada cannot build it as scheduled. Prime Minister Anand Panyarachun said on Thursday. But sources familiar with Skytrain said Lavalin, which reportedly has beenAFP - 283 words
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Article, Illustration307 1992-07-04 4 Reuter LOS ANGELES Walt Disney Co president Frank Wells testified on Thursday he told the chairman of MGM/UA Communications in 1985 that a proposed movie theme park at Disney World in Florida would include working production facilities. Mr Wells was theReuter - 307 words
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422 1992-07-04 4 China Merchants poised for expansion into S-E Asia, Europe Reuter HONGKONG Beijing's China Merchants Holdings Co Ltd (CMH), once a stodgy state shipping company, aims to use Hongkong as a springboard for becoming a powerful multinational group, a senior company official said yesterday. TypicalReuter - 422 words
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329 1992-07-04 4 Reuter HONGKONG Sun Hung Kai Properties Ltd confirmed that it is to make a private placement of 100 million shares at HK533.25 each to raise HK53.325 billion (***** million) for financing investment projects in China. The placement is at a 3.6 per centReuter - 329 words
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291 1992-07-04 4 FT LONDON The GPA group has cancelled plans to buy in its joint venture companies to avoid bringing US$l.2 billion (SSI.9 biUion) of extra borrowings on to its balance sheet. This is the first sign that the aircraft leasingFT - 291 words
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356 1992-07-04 4 Reuter BRUSSELS The European Commission ended a year of suspense for French computer giant Bull on Thursday by clearing a state funding plan worth US$l.3 billion (Ss2.l billion) to the group. The Commission had cast serious doubts over Bull's future last JulyReuter - 356 words
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Page 3 Advertisements
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Advertisement326 1992-07-04 3 I IN THE MARKET PAGES J Tokyo rally fizzles out 13 Uncertainty clouds S'pore 8 THE WINNING EDGE I IN-DEPTH X J O Por over two decades Singapore Business has covered W r W VI the local and regional business scene with more depth and ky breadth from a perspective326 words
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Page 4 Advertisements
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Advertisement140 1992-07-04 4 REACH OUT ACROSS THE NATION WITH OUR Z7th NATIONAL DAT FEATURES PUBLISHED EXCLUSIVELY BY SPITS GROUP OF NEWSPAPERS I From August 7-9,1992, the SPH group of newspapers The Sunday Times, Lianhe Zaobao, Lianhe Wanbao, Shin Min ||jj| /y 'y/ Daily News and Berita Minggu will be publishing special NATIONAL DAY140 words
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FINANCIAL NEWS
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395 1992-07-04 5 Dawn Tan - Funds will be used for aircraft purchases By Dawn Tan SINGAPORE Contributing to the boom in the aircraft financing business, three Chinese airlines are borrowing nearly US$l74 million (Ss2Bo million) from offshore markets. The loans, guaranteed by the Bank of China, include a rolled-over395 words
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547 1992-07-04 5 Reuter SEOUL Hongkong-based Peregrine Investment Holding pic, a relatively new but high flying merchant bank and finance house, has won preliminary approval from South Korea's Finance Ministry to establish a joint venture securities house in Seoul. The partnersReuter - 547 words
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400 1992-07-04 5 Reuter MANAMA A Saudi Arabian bank official on Thursday rejected his indictment in the scandal-hit Bank of Credit and Commerce International (BCCI), saying the charges were untrue. Sheikh Khalid bin Mahfouz of National Commercial Bank (NBC) was charged on WednesdayReuter - 400 words
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Article, Illustration337 1992-07-04 5 AFP NEW DELHI An Indian court yesterday further remanded broker Harshad "Big Bull" Mehta, the chief accused in a billion dollar financial scam, in the custody of federal investigators until July 16. Special Judge SN Variava announced the remand in Bombay, saying thatAFP - 337 words
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299 1992-07-04 5 Reuter MUNICH, Germany Switzerland's Winterthur Insurance Co said it is ready to sell its 37.6 per cent stake in Germany's Nordstern Allgemeine Versicherungs-AG. "We are ready to sell," Winterthur chief executive Rudolf Staub said here on Wednesday. "But any sale wouldReuter - 299 words
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Article, Illustration374 1992-07-04 5 Reuter LONDON The Council of the Lloyd's of London insurance market said in a statement that it accepted recommendations made in two reports on the market and its governance by Sir David Walker and Sir Jeremy Morse. "The Council has had little timeReuter - 374 words
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SMALL CHANGE
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56 1992-07-04 5 TOKYO Sumitomo Bank Ltd said it has set up a wholly owned subsidiary in Singapore which will begin operations On Monday. The new company, SB Merchant Bank (Singapore) Co Ltd, will mainly conduct securities business, including the underwriting and sale of bonds, investment56 words
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Article74 1992-07-04 5 NEW DELHI India's central bank was quoted as saying the country's commercial banks had stepped up their investments in government securities in the first quarter of 1992. The Reserve Bank of India was quoted as saying investments in "government and other approved securities" had gone up by74 words
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Article87 1992-07-04 5 NEW YORK US stock mutual funds that focused on the financial-services sector were the best performers in the $pcond quarter, while Latin American funds posted the sharpest losses, according to a new survey released on Thursday. Lipper Analytical Services Inc said financial services was the leading investment87 words
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Article90 1992-07-04 5 WELLINGTON Bank of Scotland pic has declared its takeover offer for New Zealand's Countrywide Banking Cerp Ltd unconditional, and extended the expiry date by one month. The bid was supposed to expire at 0500 GMT yesterday. Bank of Scotland counsel Richard Nelson said that the bank90 words
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Article67 1992-07-04 5 LISBON The Portuguese government on Thursday approved the privatisation of the country's largest insurance company, Companhia de Seguros Imperio SA, and said 70 per cent of Imperio would of be sold off in one indivisible bloc. Of the remainder, 15 per cent will be reserved for67 words
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338 1992-07-04 5 FT, Reuter COPENHAGEN Troubled Danish insurer Hafnia said that it was continuing its investigations into the irregular transactions which led to the suspension of its shares on the Copenhagen and London stock exchanges on Wednesday. In a statement Hafnia said that it had held "satisfactory" discussionsFT,; Reuter - 338 words
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Article, Illustration552 1992-07-04 5 DBS Bank weekly currency review USD/DMK: critical support at 1.5000 THE US dollar's bearish sentiment continued into its eighth week, with aggressive selling seen on Monday. The US unit easily met its bearish pennant objective at 1.5269 Deutschemarks before heading lower to 1.5146. Some552 words
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THE REGION
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NOTE BOOK
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65 1992-07-04 6 MANILA The newly-installed government of President Fidel Ramos is aiming for annual economic growth of 6 per cent to 7 per cent from 1993 to 1998, the new Economic Planning Secretary said yesterday. Secretary Cielito Habito said that under their medium-term plan,65 words
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Article62 1992-07-04 6 MANILA The Philippines' trade surplus with the US soared in the first quarter of 1992 to US$254 million (*****.48 million), from less than a million dollars in the safpe period last year, officials said yesterday. The trade department said exports to the US market outpaced imports,62 words
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Article36 1992-07-04 6 KUALA LUMPUR The authorities have arrested 1,032 unregistered illegal immigrants during "Ops Nyah 11", carried out in west coast states of peninsular Malaysia up to 5 pm today, a police source said.36 words
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Article53 1992-07-04 6 WASHINGTON The World Bank on Thursday announced a U*****.6 million (*****.23 million) loan to Indonesia for the Suralaya thermal power project. The total cost of the project is expected to reach US$2.4 billion, with other financing coming from the Indonesian government, the Asian Development Bank and53 words
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454 1992-07-04 6 Reuter HANOI A gunfight between frontier guards on the border between Vietnam and China has coincided with a new Chinese push in the South China Sea near the disputed Spratly Islands, a Hanoi government official said. Despite newly-normalised relations between Hanoi and Beijing,Reuter - 454 words
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466 1992-07-04 6 AFP, Reuter KUALA LUMPUR Prime Minister Mahathir Mohamad yesterday said he was confident most of the nine Malay rulers would today sign a code of conduct initiated by his powerful political party to regulate their behaviour. "I expect most ofAFP,; Reuter - 466 words
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Article, Illustration316 1992-07-04 6 AFP KUALA LUMPUR The powerful youth wing of Malaysia's largest political party has called for action against trade union leaders for allegedly conspiring with an European union to sabotage the country's economy and image abroad, reports said yesterday. "Let's dig intoAFP - 316 words
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SHIPS IN PORT
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Article503 1992-07-04 6 Vessel Voy Hp Barii Mv* Departa* j Vessel Voy No Berth ArriDepart™ Marina Sembawang Terminal Batam Baru B160 M05 atongade 03.07/2300 Batan Murm *****2 M05 alongsxie 03 07/2300 Man Sayang *****2 M04 alongsxie 03 07/2300 Speed 57/92* M03 alongsxie 0307/1600 ■Bin ill 1 1213$ M02 alongsxie 03503 words
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Article1197 1992-07-04 6 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO I Record Bootaf/Bitance Mb Ship Voy No Etb/Btr Period From To From A Venture 05/273 06/2200 4 04/1200 04/1459 04/1700 Aa Jade 92A 05/0600 2 03/1700 04/0659 04/0900 3 04/0700 04/1159 04/1400 Aa Lily 258 04/1500 1 03/1500 03/1659 03/19001,197 words
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Article215 1992-07-04 6 MrtNrt Berth: 1: Sn Nam Hua No 2, Santos; 2: Got Lm Yang; 3; ni; 4: Chiangmai Navee; 5: Sidor Kovpak; 6: ni. 01 jetty: Stott Emerald. Lna 101. DO. Petro Unto. Due en July 3: Continental Rose. Petro Mewah, Lian Keong. Quncy. Uni Moral. Buneugah. Due215 words
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THE WORLD
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508 1992-07-04 7 Japanese invest up to 30 times more in EC than it does in Japan AFP TOKYO The imbalance between Japanese investment in Europe and Europe's in Japan has become so great that it risks turning into a political issue unlessAFP - 508 words
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441 1992-07-04 7 Reuter NEW YORK A round of prime rate cuts by major US banks is unlikely to spur business loans, or do much to boost the economy, economists said. In the first full round of prime rate cuts since December, major USReuter - 441 words
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283 1992-07-04 7 AP, Reuter JOHANNESBURG President F W de Klerk on Thursday accused the ANC of trying to seize power and warned of a crackdown to prevent the nation from "sliding into anarchy". He vowed not to be be brow-beaten in democracyAP,; Reuter - 283 words
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Article280 1992-07-04 7 IHT WASHINGTON For President George Bush, the economic report on Thursday was a heavy blow to his reelection image as a leader delivering peace abroad and prosperity at home. As in the past, the President blamed the Democraticcontrolled Congress for failing to pass a WhiteIHT - 280 words
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549 1992-07-04 7 Offer more products that we want, say officials AP TOKYO United States semiconductor makers must offer more chips that Japanese companies want to buy before the goal of greater foreign chip sales in Japan can be achieved, industry officials saidAP - 549 words
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WORLD WATCH
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113 1992-07-04 7 ALGIERS Algeria's presidency, acting swiftly to reassert" leadership, named veteran war fighter Ali Kafia as head of state and vowed to uncover those behind the killing of his predecessor. In apparent confirmation that the killer did not act alone in gunning down113 words
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Article105 1992-07-04 7 WASHINGTON President George Bush on Thursday declined to rule out the eventual use of US combat forces to* end the fighting in Yugoslavia, but he defended his decision not to intervene now. Mr Bush spoke to foreign reporters, he prepared to leave for an105 words
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Article101 1992-07-04 7 WASHINGTON The US Senate Foreign Relations Committee on Thursday approved the Start nuclear arms redaction treaty signed a year ago by the United States and the former Soviet Union and sent it to the full Senate. The treaty, which cuts long-range nuclear missiles and nuclear101 words
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Article84 1992-07-04 7 STUTTGART An overwhelming majority of Germans are, opposed to the Maastricht treaty on European economic and monetary union (EMU), according to a phone-in survey conducted by German television. More than 75 per cent of 39,401 callers said they were against the treaty named after the84 words
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Article, Illustration48 1992-07-04 7 Danger keep out! WASHINGTON Greenpeace protester Sophie Young holding up signs saying: "No plutonium" in both English and Japanese outside Blair House on Thursday as US Secretary of Defence Dick Cheney was meeting Japanese Prime Minister Kiichi Miyazawa inside. Greenpeace supporters were protesting against Japanese plutonium transportation plans.48 words
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Article, Illustration749 1992-07-04 7 Chinese succession will blood prove thicker than water? NYT BEIJING In the days of emperors, power used to be handed down by blood line. Now, some Chinese feel that not much has changed. Throughout the government and among business executives, some of the most important and powerful people are theNYT - 749 words
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192 1992-07-04 7 AFP HONGKONG Chin is to open up large sectors of its once-restricted industry to attract more foreign investors, it was reported yesterday. The semi-official Hong Kong China News Service quoted Yu Xiaosong, assistant minister of foreign economic relations and trade, asAFP - 192 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3562 1992-07-04 8 Genevieve Cua - By Genevieve Cua SHARE prices finished lower yesterday in thin selling, as investor sentiment was dampened by uncertainty over the US and the local economies. The key Straits Times Industrials Index slipped steadily throughout the day from an opening level of 1,491.73 to3,562 words
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Article, Illustration78 1992-07-04 8 Quak Hiang Whai - Quak Hiang Whai Comment NATSTEEL Ltd has retreated considerably since it tested $6 last year. Note how the 9-week moving average cuts the price trend before each dip from there. While the stock may pick up a little in the next few days, it is still on aSOURCE: BRIDGE INFO - 78 words
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Article3059 1992-07-04 9 ICB 625 +15 +2.5% Sunshine Allied 318 +14 +4.6% FAN 1090 +10 +0.9% Roth Inds 50* 620 +10 +1.6% SPH Foreign 1320 +10 0.8% Eu Yin Sang Ln 95 +8 +9.2% Alliance Tech 84 +6 +7.7% OUE 775 +5 +0.6% Prima 630 5 +0.8% Spore3,059 words
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Page 9 Advertisements
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Advertisement140 1992-07-04 9 i Shine I YOUR KEY TO BETTERBUSINESS DECISIONS! Shine is Singapore Pros 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 videotext system in140 words
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Article3249 1992-07-04 10 GIL US$0.10 84 2% +3.1% Berjaya Leisure 118 +2 +1.7% Magnum Corp 50» 436 +2 +0.5% Malaya wata 194 +2 +1.0% Perlis Plant 472 2 +0.4% Hexza Corpn 50* 55 1% +2.8% NBT 82 1% +1.9% Alcom 186 +1 +0.5% IGB Corpn 50« 106 +13,249 words
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Page 10 Advertisements
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Advertisement53 1992-07-04 10 ife', iTM -ti 1 k 'Z:*;*. >■': -,*< 'V v-'l W j |.-sp >;■ 1. m--1* -.V K> m, 1 K» J SOME OF OUR TOP TALENTS ARE OVERSEAS. BRING THEM HOME. A paper subscribed by Singaporeans abroad. The loai pool Ullinjtal. So look M &£X*»K£!i3j«» Wono o~ S^SSSr^SX"SSiS Overseas53 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5308 1992-07-04 11 Bernama SHARE prices here finished lower in reduced trading yesterday with the market continuing to lack institutional support amid the uncertainties overseas. The market, resuming after a holiday for the Muslim New Year yesterday, showed no reaction to the US discount rateBernama - 5,308 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration1824 1992-07-04 12 Reuter STQCKS ended lower in lacklustre trade yesterday as speculators held back because of Statements by market officials that they were checking for! price manipulation, brokers said. The SET Index ended 8.08 points lower at 738.86 on' turnover of 3.99 billion baht.Reuter; Source: Bridge Info - 1,824 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration1104 1992-07-04 12 JAKARTA share prices closed little changed in quiet half-day trading yesterday, bickers said. They said the market was dominated by local investors on selective buying of some favourite shares. The Jakarta Composite Index rose 0.90 to 315.10 points. Textiles shares were active.Source: Bridge Info - 1,104 words
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Page 12 Advertisements
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Advertisement95 1992-07-04 12 r QUALITY RECRUITMENT use the Appointments pages FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the95 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2612 1992-07-04 13 Reuter STOCKS ended mixed yesterday after giving up strong intra-day gains. Investors became cautious as the Nikkei Average neared 17,000, but continuing expectations of easier credit here following Thursday's US discount rate cut helped give the market firm support, brokers said. The 225-share NikkeiReuter - 2,612 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2642 1992-07-04 13 Reuter SHARES ended lower yesterday as the market had to digest the major Sun Hung Kai Properties placement made on Thursday, thus cancelling out expectations of an interest rate cut. But late bargainhunting helped pare sharp early declines. The blue-chip Hang Seng IndexReuter - 2,642 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2111 1992-07-04 14 Reuter HOPES of an easing in monetary policy kept sellers at bay in the Australian stock market yesterday which closed virtually unchanged despite steep falls in New Yoik overnight. But signals that the world economic recovery is still sluggish were received loudReuter; Source: Bridge Info - 2,111 words
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REGIONAL STOCK MARKETS
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Sell-off in bank stocks hits Manila market
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Article548 1992-07-04 14 SHARE prices yesterday tumbled across the board with heavy selling of Philippine National Bank (PNB) stocks but brokers said sound fundamentals continue to prop the market. The Manila Stock Exchange Composite Index fell 36.41 points to close at 1,477.16. Combined turnover at Manila's two bourses rose to 3.1 billion548 words
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Article328 1992-07-04 14 SHARES closed higher yesterday as buyers returned to the maricet after taking a break in the lead-up to the government's budget. Finance Minister Ruth Richardson delivered the low-key document on Thursday night. In line with government comments beforehand, the document contained few surprises but aimed to set the328 words
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Article490 1992-07-04 14 TAIWAN share prices finished mixed yesterday in thin, narrow trade after the market gave up most of its opening gains, brokers said. The Weighted Index rose 1.90 points to end at 4,455.98. Turnover was NTS 17.7 billion after Thursday's NT521.37 billion. There was weak buying in early trade on490 words
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Article755 1992-07-04 14 INVESTORS yesterday continued to stay away from the depressed Seoul market which slumped to a 53-month low for the second consecutive day, brokers said. The Composite Stock Index fell 1.08 points to 547.20. Trading volume was weak with 11.5 million shares changing hands at 138.2 billion won against 12755 words
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Article96 1992-07-04 14 TRADING on the Bombay Stock Exchange (BSE) was officially closed on Thursday to enable brokers to complete settlement work, officials said. The market was open yesterday but brokers, who have been boycotting trade in protest at the government's freezing some stocks involved in a financial scandal, said they would96 words
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Article51 1992-07-04 14 INDICES TURNOVER Close Pmtai Jriy 3 NEW ZEALAND NZSE-40 Capital 1,541.89 1,541.41 +0.48 MANILA Composite Index 1,477.16 1,513.57 -36.41 Turnover (mil pesos) 190.6 281.2 -90.6 TAIPEI Weighted Price Index 4.455.98 4,454.08 1.90 Turnover (NTS billion) 17.7 21.37 -3.67 SEOUL Composite Stock Index 547.20 548.28 -1.08 Turnover (billion won) 138.2 154.9851 words
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WORLD STOCK MARKETS
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Poor jobs data depress US blue chips
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Article, Illustration1328 1992-07-04 15 BLUE-CHIP stocks closed lower on Wall Street on Thursday despite a halfpoint cut in US interest rates, as poor jobs data raised new fears about the strength of second-quarter corporate earnings. "When we see the market going down in the face of an interest-rate environment that is as1,328 words
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Article, Illustration813 1992-07-04 15 SHARE prices ended a thinly traded session lower on Thursday as futuresled selling emerged in the wake of a sharp fall on Wall Street. The stock market started the day with modest gains in an attempt to regain the FTSE 2,500 level, but then the decline on Wall Street813 words
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Article250 1992-07-04 15 GERMAN shares scrambled higher on Thursday to post their strongest gain in six weeks. The DAX Index gained 12.35 points to 1,768.61, moving away from the key 1,750 support level the index had managed to cling to this week. Had the index slipped below that level, dealers had widely250 words
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Article204 1992-07-04 15 DUTCH shares started firmer on Thursday, influenced by Wall Street's hopes for an interest rate cut, but when they got it and US shares began to fall, they were unable to resist the downward pressure and closed barely better. The EOE Index added 0.71 at 301.52, having touched 302.95204 words
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Article196 1992-07-04 15 FRENCH share prices ended a choppy session on Thursday with a late afternoon sell-off as a cut in key US interest rates failed to dispel growing worries over signs of slack growth there and the weaker dollar. The CAC-40 Index, which was up as much 1.05 per cent in196 words
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Article169 1992-07-04 15 HOPES for a technical rebound faded fast on Thursday as the steady selling which had driven prices lower for six consecutive sessions continued unabated. Major blue chips led the retreat as the MIB All-Share Index fell 1.02 per cent in open outcry trade to a 1992 low of 887169 words
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Article350 1992-07-04 15 SWISS shares closed half a per cent higher on Thursday on fairly active demand in chemicals and insurers, which were supported by lower interest rates, dealers said. The All-Share SPI Index climbed 6.5 points to 1,174.3 and the SMI Index of leading shares rose 9.3 to 1,854.6. Insurers rose350 words
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Article193 1992-07-04 15 PRICES on the Stockholm bourse on Thursday rose on overseas strength, a fall in domestic credit rates and an oversold market, after several days of decline in low turnover and waning interest. "The market has been technically oversold, the volumes have been low and when a change happens, it193 words
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Article383 1992-07-04 15 SOUTH African gold shares on day shed their reluctance to jump in! line with world metal prices in the aP ternoon session as gold broke through US$347 an ounce after the dollar crum-) bled following a US discount rate cut,; dealers said. They said the strength of the rand;383 words
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Article332 1992-07-04 15 TORONTO stocks closed moderately higher, after being closed on Wednesday for Canada Day holiday, following the Dow's gains on Wednesday, dealers said. The Fed ease in credit added a positive tone to the market, but was largely discounted already. The TSE-300 Composite Index closed up 20.4 points to 3,408.1.332 words
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Article74 1992-07-04 15 INDICES TURNOVER NEW YORK Clow Pluiwi July 2 Dow Jones SAP 300 Turnover (million) 3,330.29 3,354.10 411.77 412.88 220.1 214.25 ■23.81 -1.11 5.85 L0N00N Financial Times 30 FTSE 100 Turnover (million) 1,901.1 2,476.1 394.5 1,917.3 2.493.9 495.1 -16.2 -17.8 100.6 FRANKFURT DAX Index 1,768.61 1,756.26 +12.35 AMSTERDAM EOE Index 301.5274 words
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Article121 1992-07-04 15 Brussels Jul) 2 Francs FORWARD MARKET Acec 2550 Aitoed 4105 20 Astur 504 Brascan 442 +2 Canpac 482 +2 Cock 165 2 De Been 730 unch Ebes 7730 GBelg(P) 2150 unch Gb-Inno-Bm 1456 2 Gevacrt 6830 20 Gr Bru Lamb 1456 2 Hobok Petro ***** 375 Ryl Dutch 2765 30121 words
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Page 15 Advertisements
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Advertisement21 1992-07-04 15 The Brussels report was not available yesterday i Personal Finance Investment in Business Times j every Saturday j i 1 121 words
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CURRENCY, MONEY & FUTURES MARKETS
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1173 1992-07-04 16 REPORTS ASIA TOKYO: The dollar closed little changed in Tokyo, compared to its New York close. After the dollar plunged in New York, prompted by weak US employment data for June and a rate cut by the Federal Reserve, participants squared1,173 words
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Article391 1992-07-04 16 Cross rates USS SS MS Dm Yen SFr AS NZS USS 1 6170 2.5020 1.5060 124.50 0.5189 1.3510 1.3450 1.8349 SS 0.6184 1.5473 0.9314 76.9944 0 3209 0.8355 0.8318 1.1347 MS 0.3997 0.65 0.6019 49.7602 0.2074 0 5400 0.5376 0.7334 Dm 0 6640 1.0737 1.6614 82.67 0.3446391 words
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Article536 1992-07-04 16 I Interbank rates E SS Bid Offer t Overnight 1 1 1/4 I-month 2 1/2 2 5/8 2-month 2 1/2 2 5/8 3-month 2 9/16 2 11/16 g Overnight mode: I US$ Bid Offer 7 days 3 1/2 3 5/8 t I month 3 1/2 3 5/8 2536 words
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436 1992-07-04 16 Reuter BUDAPEST Commercial banks cautiously peeped out from the central bank's shadow as Hungary launched its first interbank foreign exchange market. Volume was about US$lO million (Ssl6 million) and the forint's exchange rates hardly moved, but traders and the National Bank ofReuter - 436 words
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Article1427 1992-07-04 16 SjjjEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Sep 92 96.38 96.40 96 36 96.36 6300 5561 ***** Dec 92 95.96- 95.97 95.92 95.92 7800 8758 ***** 95.97 Mar 93 95.89 95.89 95.84 95.84 4200 4883 ***** Jun 93 95.46 95.47 95.45 95.45 1800 1692 18611,427 words
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Page 16 Advertisements
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Advertisement7 1992-07-04 16 Innovation Technology in Business Times every Tuesday7 words
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COMMODITIES
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368 1992-07-04 17 Reuter LONDON The executive director of the International Sugar Organisation (ISO) on Thursday said he would recommend its liquidation at an emergency council session on Monday. Alfredo Ricart said the ISO was owed several hundred thousand pounds by countries such as Brazil,Reuter - 368 words
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290 1992-07-04 17 Reuter NEW DELHI Poor rainfall over the past year has hurt India's tea and coffee crops, especially in the southern region, industry officials said on Thursday. United Planters' Association of Southern India secre-tary-general B Sivaram said the southern tea crop in theReuter - 290 words
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770 1992-07-04 17 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market retreated 31 sen to close at MS 17.50 per kg due to selling pressure and buyers' reserve ahead of the weekend. The London Metal Exchange was also easier on profit-taking and selling770 words
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Article1584 1992-07-04 17 Rubber MKELB (tgfc in ta*t») (M cents/kg) Noon Close Im I RSS Aug 92 220.00/222.00N 220.00/222.00 Int 2 RSS OP 2l8.0(y219.00N 218.00/2I9.00N UK/Cont 2I7.00/2I8.00N 2I7.00/2I8.00N Int 3 RSS OP 215.50/216.50N 215.50/216.50N UK/Cont 214.50/215.50N 214.50/2I5.50N Int 4 RSS OP 212.50/213 50N 212.50/213.50N UK/Cont 211.50/212.50N 211.50/2I2.50N Int 5 RSS OP 206.50/207.50N1,584 words
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Page 17 Advertisements
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Advertisement707 1992-07-04 17 r& FILM FACILITIES (PRIVATE) LIMITED (la Vofaatary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap 50, a final general meeting of the abovenamed Company will be held on 4 August 1992 11.00 a.m. at the office of the Liquidator,707 words
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Article, Illustration507 1992-07-04 18 The world needs American leadership, he says AP WASHINGTON Japans Prime Minister Kiichi Miyazawa ended a controversyfree summit visit by urging the United States to keep its military presence in Asia and avoid the perils of isolationism. Mr Miyazawa, following twoAP - 507 words
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407 1992-07-04 18 Reuter BEIJING Foot-dragging on reform by some leading members of the Communist Party threatens to sideline the party permanently from China's economic boom, the official People's Daily said yesterday. In one of its sharpest attacks on party conservatives yet, the official partyReuter - 407 words
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475 1992-07-04 18 AFP BEIJING Beijing municipality, which has launched ambitious housing reforms, has decided to abandon its virtually free housing system that has been in place since 1949 and encourage residents to acquire their own property. "By 1995, there should be at least 20AFP - 475 words
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354 1992-07-04 18 AP WASHINGTON America remained the world's biggest debtor nation in 1991, boosting its liabilities to foreigners by 40.4 per cent last year, the government said on Thursday. The Commerce Department said America's net debtor position, when valued at current stock market prices,AP - 354 words
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280 1992-07-04 18 AFP WASHINGTON Iraqi military forces may have tried to stage a coup against President Saddam Hussein on Monday, and intelligence reports have indicated that an armed revolt was crushed by presidential security forces, Bush administration officials and Iraqi opposition leaders said onAFP - 280 words
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Article, Illustration50 1992-07-04 18 HONGKONG Outgoing Hongkong governor Lord Wilson waves while his wife Natasha wipes away a tear. They are on a boat which is Hongkong airport-hound. Lord Wilson has just finished his five-year term as the last but one governor to the British colony, and left it yesterday.50 words
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590 1992-07-04 18 But group is not ready to admit Russia into rich nations' club Reuter, AP LONDON Britain yesterday said leaders of the industrial world would send a strong message of support at their Munich summit for Russian President Boris Yeltsin and his attempts toReuter,; AP - 590 words
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222 1992-07-04 18 Knight Ridder SINGAPORE Indonesia, the world's second-largest rubber producer, aims to have its own rubber futures market by the end of this year, or sometime next, The Jakarta Post reported today. Quoting Indonesian Rubber Association chairman O K Cornel, the newspaper said preparations wouldKnight Ridder - 222 words
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Page 18 Advertisements
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Advertisement7 1992-07-04 18 ICHARTPOINTII I Every Saturday in Business Times7 words
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Advertisement6 1992-07-04 18 ICHARTPOINT Every Saturday in Business Times6 words
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Executive Lifestyle
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Article, Illustration1435 1992-07-04 19 Susan Tsang - The Arts Fest may have started off without a bang, but ticket sales soon picked up, as did the enthusiasm of the audiences. Susan Tsang looks back on an eventful month that certainly didn't end with a whimper Susan Tsang THIS year's Arts Festival wasDesign by Ben Cruz - 1,435 words
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STRAWS IN THE WIND
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Article43 1992-07-04 19 AN AUDIENCE of Singapore businessmen, listening to speaker after speaker at an investment seminar on Vietnam, were beginning to yawn until the text of a Vietnamese official's speech was circulated. It was headlined: "Massage from the ministry of track and tourism."43 words
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Article66 1992-07-04 19 READING an English report written by a Japanese is never easy. Try this: The high profit levels and sluggish growth in profits of automakers may be cited as additional factors causing this drop-off in the profit growth rate." Or how about: "The rate of-profit growth for XYZ will66 words
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Article74 1992-07-04 19 RUMOUR has it that sales of big-screen TVs spurted worldwide on news that Goran Ivanisevic and Pete Sampras would do battle in the Wimbledon semi-finals. With both serving at more than 200 kph, viewers were worried about whether they would be able to see the balls74 words
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Article26 1992-07-04 19 CRICKET commentator Brian Johnston on the three things that happen as one grows old: "First, your memory goes, then... sorry, I forgot the other two.**26 words
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OPINIONS
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Article, Illustration823 1992-07-04 20 Jackie Sam - From Hongkong, Jackie Sam reports on the general incredulity that the colony may have become a pawn on the international chessboard Jackie Sam The writer is a Hongkong-based political consultant CHINA has threatened to cut off all day-to-day relations with Hongkong. Whitehall has823 words
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Article522 1992-07-04 20 Tan Kin Lian - LETTERS TO THE EDITOR Tan Kin Lian General Manager NTUC Income Singapore 0718 I REFER to the letter by Desmond Lim titled "Part-time insurance agents may tarnish industry's image" (BT, June 27/28, 1992). Mr Lim's letter contained several inaccuracies and sweeping statements that are522 words
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186 1992-07-04 20 Tang Beng Chee - Tang Beng Chee DOES IT MATTER at all whether insurance agents are parttimers or full-timers? There are certain specific functions that a good life insurance agent performs. Firstly, he or she helps you to recognise and discuss financial problems the future may hold. Secondly,186 words
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874 1992-07-04 20 Tye Kim Khiat - Tye Kim Khiat laments the lost opportunity recently to promote Asean as a one-stop holiday destination Tye Kim Khiat The writer is a Melbourne-based journalist who contributes to BT WHEN every country is chasing a precious twolegged commodity of the touristy variety, Asean874 words
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Article, Illustration726 1992-07-04 20 Clyde Haberman - Clyde Haberman explains why Yitzhak Rabin is like a tailor who must make a suit with insufficient material Clyde Haberman NYT AS HE TRIES to stitch together the new governing coalition that he and his Labour Party will lead, Yitzhak Rabin is beginningNYT - 726 words
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VIEWPOINT
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Article, Illustration2069 1992-07-04 21 Margaret Thomas - CONVERSATIONS AT RAFFLES Heshe's Chia Shi Teck is worried for Singapore. Though much has been achieved, there is a real danger that Singaporeans are losing their sense of belonging to their country, he tells Margaret Thomas Margaret Thomas IT ISNT easy to turn a hour conversation withPhoto by Arthur Let - 2,069 words
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Article913 1992-07-04 21 How the carrot rather than the stick can be used to get good results HIS teachers at St Joseph's Institution were shocked to learn that Chia Shi Teck would not be going on to do his 'A' levels: He was one of their better students and913 words
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584 1992-07-04 21 T E were J usl lucky," says %/m/ Chia Shi Teck of T T Heshe's success. "In the 1970s the market in the region was just beginning to boom. People were learning to take off the sarong to wear jeans, shirts, T-shirts. And we584 words
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EPICURE
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Article, Illustration587 1992-07-04 22 Quek Swee Peng - Quek Swee Peng arranges an outing for the children Quek Swee Peng An attempt to break away from the usual celebration at lunch or dinner prompted the idea of a breakfast party. Accommodating an entire party of about 20 could cause logistical problems. Hence, there arose the587 words
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LIFESTYLE
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Article, Illustration736 1992-07-04 23 The Great Barrier Reef is still a mystery to scientists r as they search for clues to its origin and growth The Economist Ever since Captain Cook ran aground on it in 1770, the Great Barrier Reef has been a source of wonder. Covering 200,000 squareThe Economist - 736 words
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Article, Illustration556 1992-07-04 23 N K Yong - WINE By N K Yong I LOVE large bottles. A magnum always makes an impressive sight. But apart from its imposing appearance, wine in large formats tastes better than the same wine in standard bottlesize. A magnum holds 1.5 litres of wine, twice556 words
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PEOPLE
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Article, Illustration264 1992-07-04 23 IT WAS bankers' galore at Raffles Hotel on Monday night. A deluge of pin-striped bankers permeated all nooks and crannies of Singapore's Old Lady at the annual general meeting dinner of the Association of Banks. Drinks flowed as they caught up on the latest talk (andPhotos By Arthur Lee and Chris Loh - 264 words
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Article, Illustration119 1992-07-04 23 The Real Estate Developers' Association of Singapore (Redas) honoured the Minister of National Development Mr S Dhanabalan in its annual dinner on June 5. Redas President Edmund Cheng praised the minister's concern for Singaporeans' housing, not only with regards to functional aspects, but also to aesthetics119 words
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PURSUITS 1
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Article, Illustration513 1992-07-04 24 Nirmal Ghosh - Nirmal Ghosh profiles the gadget fanatic in all his finery Nirmal Ghosh HOMO sapiens gadgeticus, common name gadgetman, is best observed in the outdoors, and sometimes indoors in a place known as a workshop. There are a few differences between the outdoor and the workshop species. OutdoorPhotos by Chris Loh - 513 words
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Article, Illustration652 1992-07-04 24 Riders on the Storm By John Densmore Arrow Books 320 pages, $19.90 Reviewed by Nirmal Ghosh THIS long-awaited story from one of The Doors themselves came out in hard cover in mid-1990, and is now available in paperback. Author John Densmore was the drummer of the rock652 words
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Article, Illustration404 1992-07-04 24 Cheryl Liew - Cheryl Liew on the ancient pedigree of the Kashmir shawl Cheryl Liew PRICES being what they are nowadays, you'd probably have few qualms about parting with $50,000 for a car or even a painting. But a shawl? That, however, is exactly how much a handwoven Kashmir shawl404 words
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Article, Illustration620 1992-07-04 25 Susan Tsang - Would-be burglars take note. If a house has padlocks on the outside of its windows, give it a miss. Susan Tsang finds out what happens to those who ignore the warning signs Susan Tsang WHEN Wes Craven read about how police investing a burglary620 words
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Article, Illustration671 1992-07-04 25 RINGO LIEW - CO Review By RINGO LIEW THE B-52X Good Stuff Britain may hold the patent on eccentric bands but few would dispute that America's B-52s rank up there with the best. After 15 years of holding firm to what it believes in, the band from Athens,671 words
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Article, Illustration622 1992-07-04 25 Cheryl Liew - Cheryl Liew watches a movie that firmly believes violence to be the best policy Cheryl Liew Ricochet may be a movie that sets up blacks against whites, with the good guy played by the always excellent Denzel Washington and the bad guy played by John Lithgow,622 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration641 1992-07-04 26 S N Vasuki - Foreign institutions have been diversifying their portfolio to South-east Asian markets. S N Vasuki highlights these three markets that investors can expect S N Vasuki Foreign investors have suffered the most from the continuing collapse of share values on the Tokyo stockmarket. In641 words
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Article, Illustration396 1992-07-04 26 Kooi Cho Teng - Kooi Cho Teng updates the BT Golf Index Kooi Cho Teng SINGAPORE Island Country Club memberships have begun to regain some of the ground they lost after they were made transferable late last year. Some people were in a rush to sell rather396 words
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Article749 1992-07-04 26 Dawn Tan - Chartist David Fuller expects a sharp downturn in world stock markets, reports Dawn Tan reports Dawn Tan AGAINST uncertainty on Wall Street ahead of the US election, a growing number of world stockmarkets, including those in the emerging nations, face tougher times ahead, according to Chart749 words
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Article, Illustration467 1992-07-04 26 Goh Hiang Fong - CHART By Goh Hiang Fong The writer is head of research, Lum Chang Securities THE latest unemployment figures released by the US Government on Thursday will not help investor sentiment at all. At 7.8 per cent, the unemployment rate is the highest467 words
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Article, Illustration1173 1992-07-04 27 Claire Leow - STOCK Eltech Electronics will be the third electronics counter to be listed on Sesdaq. Claire Leow seeks out analysts' views Claire Leow SESDAQ aspirant Eltech Electronics' share issue comes to the market at a time when analysts are fretting over mixed signals about1,173 words
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266 1992-07-04 27 MANAGING director Tan Geh of Eltech Electronics has this to say to doomsayers who maintain that electronics is a risky business. "It is not a risky business, and you will see more and more electronic products rather than less and less," Mr266 words
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SPORTS
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SIDE LINES
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96 1992-07-04 28 TOKYO US sumo star Akebono, sidelined by a foot injury, withdrew yesterday from the upcoming 15-day Nagoya Grand Sumo Tournament. "It's vexing, but I was told by a doctor I should concentrate on healing, said the 23-year-old Samoan-American from Hawaii, who reportedly broke the96 words
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Article121 1992-07-04 28 NEW YORK Canadian Razor Ruddock will fight Lennox Lewis in London this autumn, on condition that world heavyweight champion Evander Holyfield fight the winner in his next title defence. "If I'm going to fight Lewis in London, I should have a guarantee that Holyfield won't fight121 words
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Article83 1992-07-04 28 BERLIN Germany's athletics officials, many of whom are furious that Katrin Krabbe was allowed to escape a four-year lAAF doping ban, hit the sprinter with a surprise test on Thursday. The double world champion and teammates Grit Breuer and Silke Moeller were asked to undergo random83 words
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Article103 1992-07-04 28 SAN SEBASTIAN, Spain The Tour de France cycle race will be heading back to Britain after more than 20 years. Tour director Jean-Marie Leblanc said here on Thursday: "We will be returning to England when the Channel Tunnel is completed." Sources added that a103 words
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Article99 1992-07-04 28 WASHINGTON Three Russian players are the latest overseas recruits to America's national game, a trio signed by the California Angels to play minor league baseball. Yevgeny Puchkof and Ilya Bogatyrev were both assigned to play for the Arizona League Mesa Angels. Puchkof, 23, plays third99 words
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Article, Illustration411 1992-07-04 28 Susan Tsang - By Susan Tsang SINGAPORE Bangkok and Paris might have celebrated their bicentenaries with a year-long bash, but trust the International Olympic Committee (IOC) to come up with a marathon five-year celebration for 100 years of the modern Olympics. Besides the inauguration of an Olympic411 words
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Article, Illustration922 1992-07-04 28 Wimbledon WIMBLEDON The sorcerer and his apprentice, John McEnroe and Andre Agassi, will be matching magic in the most whimsical Wimbledon men's semifinals in four decades. Who'd have thought it? A 33-year-old has-been against a 21-year-old never-was. each suddenly casting spells on their opponents922 words
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288 1992-07-04 28 AP. HENLEY-ON-THAMES, England Cornell University's lightweight eight crew coolly maintained a lower stroke rate to hold off a fast finishing English crew at the Henley royal regatta's Thames Cup competition on Thursday. The seeded New York States crew, the first from Cornell to visitAP. - 288 words
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Article, Illustration333 1992-07-04 28 AFP LEMONT, Illinois Blaine McCallister was home and dry with a 64 here on Thursday as a storm forced an overnight delay in the first round of the Western Open golf tournament. McCallister and his fellow early starters played under a tornado warning, but it wasn'tAFP - 333 words
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Article, Illustration791 1992-07-04 28 The Economist AS EUROPE'S finest soccer players took to the field in Sweden for the European Nations' Championship, the stands filled with cashmerecoated scouts from Italy, flexing their chequebooks. Many of the stars on display in Sweden already play for Italian clubs. RuudThe Economist; Source: The Economist - 791 words
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Article1252 1992-07-04 29 r—« n» mm rre I Mm MmM GA860 0045 Qf8l 1965 Qf82 2205 SQ228 2025 RJ187 0130 fcMfcrtfaai SQ319 0715 KL837 1255 GA890 0150 KL838 2240 SO342 2325 NZ21 1820 NZ22 1940 SQ286 2030 i Gf148 0855 GA525/910 1755 IMIgg SQ181 1410 SQ182 0915 •aaghafc Qf621,252 words
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THE TRAVEL PAGE
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Article, Illustration694 1992-07-04 29 Alex Emery - LETTER FROM PERU By Alex Emery FOR generations, fishermen have rowed out from Pucusana's bustling port in Peru at dawn to cast their nets into teeming schools of sea bass, hake and dogfish. But in recent years, these men of the sea have turned694 words
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Article151 1992-07-04 29 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1966 1.2130 Canadian dollar 1.3321 1.3590 NZ dollar 0.8715 ***** Sterling pound 3.1023 3.1445 US dollar 1.6130 1.6210 Local dollars to 100 uhs of foreign currency Austrian schilling 15.09151 words
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Article80 1992-07-04 29 Duration Title Venue Organiser Tel 1 Aug 16-18 International Munich. Mode-Woe he(49) 89/5024. Fashion Fair Germany Munchen GmbH 570 (fax) Aug 16-19 National Chicago. USA Reed Exhibition <1)617/630Hardware Show Companies 2222 Aug 22-25 International Frankfurt. Messe Frankfurt (49)69/***** Trade Fair for Germany GmbH Consumer Goods Duration Tide80 words
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TIME OFF
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Article178 1992-07-04 30 Private Parts by Theatrewoita Bizarre comedy from the pen of Michael Chiang. Venue: World Trade Centre Auditorium. June 30-Jul 12. Bpm. (Matinees on July 4, 5, 11 12). Shanghai Theatre Academy performed by the theatre academy from the People's Republic of China. Venue: Victoria Theatre. July j 5 Xnm178 words
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Article, Illustration328 1992-07-04 30 gf Argentina Argentinian artists Bedoya, Lasser and Santoro. The exhibition is also a tribute to Christopher Colombus who f irs t landed on the continent of America on Oct 12, 1492 500 years ago. Venue: The Oriental Singa- pore, 4th Level, Artirum Gallery. On till July 12. Ilam-7pm daily.328 words
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Article, Illustration507 1992-07-04 30 Boooty And Tko Boost The much-awaited Disney production of the classic fairy-tale. Orchard: 11; 1.30; 4; 6.45; 9.15. Yishun 10: 10.30; 11; 12.30; 1; 2.30; 3; 4.25; 5.05; 6.30; 8.30; 10.30. Hock Robe. Canadian version of Dances With Wolves that takes itself a lot more seriously. R(A). Jade 1507 words
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Page 19 Advertisements
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Advertisement230 1992-07-04 19 3343 5 8 8 3343 6 8 8 GEographique. Around the world in 24 hours. THE WORLD NEVER SEEN A WATCH QUITE the GEocraphique BEFORE: FASHIONED in k ■MSSetting new standards in SIMPLICITY. TURN THE LEFTSHOWS THE LOCAL HAND CROWN UNTIL ONE OF THE CITIES IS AT THE TOP AND230 words
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Advertisement46 1992-07-04 20 J BT welcomes letters.. C s from you. Please send A r them to: The Editor, 1 J Business Times, 11 C s I 390 Kim Seng Road, I r S'pore 0923. Letters m j J i| should include your M C p contact numbers. I:-. >46 words
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Page 20 Miscellaneous
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Miscellaneous49 1992-07-04 20 Doonesbury by garry trudeau usatob&go»jmg\ a\ I mnwmabout rjv rm. urn be thinner, till] ujokiuorlp -miracle TOM££TOURGOOP-\%\\ CHECK OUT THE BONUS PUUrOUT WING MORE OFTEN. AND I:: AfKJT AT N CHICAGO: neujs news' 1 seem on out future! see i-ei end*# our love affair 1:: a ounce/ moh teens.49 words
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Page 22 Advertisements
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Advertisement1091 1992-07-04 22 Nothing BeatsAßud-ft&Vii where to wine, dine or SSSSSSSSSSSS Hr ooifneGjf 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 touch of American. await the family for a1,091 words
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Page 23 Advertisements
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Advertisement261 1992-07-04 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' n261 words
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Advertisement69 1992-07-04 23 SffiSC ■■■debutsHll: Experience this sizzling Japanese encounter at NISHIKI RESTAURANTI Set meals available at unbeatable prices of $20 to $25 for lunch and $35 to $38 for dinner. For reservations, please call 3224 224/5. Our mtanrtnt owtirts welcome the pMc to enjoy fine dtnmf vn* ■Bit ffl" MARINA BAY OOLF69 words
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Page 25 Advertisements
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Advertisement30 1992-07-04 25 H /^mmißy Wmmm m H|H 111 ENT 1 mßin w bhi v wt ..a 3 BH ■mI M J&^H| >>x v i..' r j I ON SALE M 1 j_30 words
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Page 26 Advertisements
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Advertisement116 1992-07-04 26 The nervousness is as mis-placed as the investor enthusiasm towards the resilience of the Tokyo market. FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every116 words
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Advertisement8 1992-07-04 26 RECRUIT QUALIFIED CANDIDATES Tuomiru 11k' StraitsHmes THROUGH APPONTMENTS8 words
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Page 27 Advertisements
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Advertisement193 1992-07-04 27 PERSONAL INVESTING te FINANCE SUPPLEMENT '98 A Special Business Times Survey July 83,1992 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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Advertisement222 1992-07-04 27 W* It' s Quick and Easy. Get instant H K WT cash for your shares over the H| S counter at any of our 28 branches. Use the loan lor may purpose. t Loans from $2,000 to $100,000. MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS! YOU CAN TOO! HOWQ222 words
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Page 29 Advertisements
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Advertisement41 1992-07-04 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. We knew Europe from atari to Ftnniah.41 words
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Advertisement47 1992-07-04 29 ASIAN BRIDES' Business is booming in the mail-order Asian bride trade. Agents calling themselves "matchmakers" are doing well. Specialising in Filipina women who have an appeal in Australia, Britain and the United States. Often, such marriages turn into nightmares for the brides. All in Weekender today. MARE47 words
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Page 29 Miscellaneous
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Miscellaneous251 1992-07-04 29 1 Distinctive produced with characteristic skill Very small chip 12 Prisoner removed file on il I I I I rebel leader (S) 13 Please turn over not hav- j P 4 I P 8 ing a nap (5) 16 Oddly enough Pauline I 111 loses a place in a row251 words
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Miscellaneous165 1992-07-04 29 Singapore Outlook: Showers over several areas in the late morning and afternoon. Report Maximum temperature 31.5 Assoc humidity 71% Minimum temperature 25.4 Assoc humidity 84% Hours of sunshine 2.15 Rainfall in mm Trace Rainfall this month 2.2 Rainy days this month. I wona repon Asia-Pacific Hi/Lo* Cond. Auckland 13/06 Rain165 words
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Miscellaneous44 1992-07-04 29 IIiLIaJMASMMIIBi—r/THpnT PHOT 3 SHOP TWe Florist vo tM. SToio voHPrrA HPyS L I«E- Ps LPfISCBuMCH Of 1 J oue OF FLOURS DenveteD TOTVC V* VPHN HOUDfV/ SNB?S....y pucHO Sv4oP \N TVC^QHS^€€T..„ j/ VMDeeD.TV \PO Tfl I 1 I j C AMOCUTEP WBWgggtWg LTP, IWHW44 words
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Page 30 Miscellaneous
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Miscellaneous1670 1992-07-04 30 TODAY'S TV diseased lungs 12.90 NN Naam (M). effects PM nalab rtaaiaji Mgkagramme to show aapari(L). **tapan Anak Tlri, 4.00pm, World Entertainment Roport, why smoking is bad and 1.19 SlTl lU !SS^ SBC 5 2 oft— SBC S raises the question why 1.35 Hull 4m IMML altogether 2ft Drama. raradilla1,670 words
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Miscellaneous623 1992-07-04 30 MOVIES ON TV Raaavray Father, Mon, Ripley, sole survivor of the 10.30pm, SBC 5 marine crew that came face Another one to join the re- to stomach with a very nast\ cent spate of movies about creature. James Cameron of no-good men leaving their Terminator fame directs and wives. Donna623 words
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