The Business Times, 8 August 1992

Microfilm: NL18499
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    18 1 Business Times THE HVSINESS P IPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, August 8-9 1992 75*
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  • NEWS & MARKETS SUMMARY
    • Article
      US jobless rate dips slightly to 7.7pc
      79 1 WASHINGTON The US unemployment rate dipped slightly to 7.7 per cent in July, helped by an emergency summer jobs programme for youngsters that temporarily boosted the number of working Americans, the government said yesterday. Payrolls outside the farm sector grew by 198,000 last
      79 words
    • Article
      UK current account deficit revised higher
      60 1 LONDON Britain's 1991 current account deficit has been revised up by around £1 billion (553.08 billion), putting Chancellor Norman Lamont's forecast of a £6.5 billion shortfall this year in jeopardy. The 1991 current account deficit was revised up to £6.32 billion from an earlier
      60 words
    • Article
      Dow higher
      37 1 WALL STREET shares edged upwards yesterday morning in a muted response to the latest data on US employment. The Dow Jones average of 30 industrials rose 5.67 to 3,346.23 in the first hour of trading.
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    • Article
      Footsie lower
      28 1 LONDON shares were lower yesterday morning as heavy selling hit British Petroleum shares. The FTSE 100-share index was down 28.3 points at 2,349.3 at 1100 GMT.
      28 words
    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 686.41 +0.03 Kuala Lumpur ....597.11 -1.16 Tokyo 15,518.27 -408.17 Hongkong 5,850.93 -14.34 Sydney 1,586.7 -1.9 Thursday Change New York 3,340.56 -24.58 London 2,377.6 -15.2
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    • Article
      CURRENCIES
      22 1 Exchange rates USS s$ 1.6100 100 Yen SS 1.2588 MS SS 0.6436 Womy market rates Overnight 2-5/8 +1/8 3-month 2-3/8% -3/16
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    • Article
      COMMODITIES
      36 1 London Gotd AM fix USS349.85 US$0.60 ftflflEtr S'porc Sep l42.25*/kg +0.25 M'sia Sep 219.50*/kg unch KL Tin Turnover 15 tonnes -35 Spot M$16.79/kg -0.04 Crate palm oil Turnover 522 lots -462 Oct MS838 /tonne +2
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  • Article
    GE Life forges strategic alliance with Bank Bumi
    650 1  -  Move aims at complying with NEP rules and entering new markets By By Leslie Lopez in KUALA LUMPUR and S N Vasuki in SINGAPORE IN WHAT is seen as a test case for foreign insurers in Malaysia, Great Eastern Life has forged
    650 words
  • Article
    OCBC to raise $457m in 1-for-5 rights issue
    434 1  -  First-half earnings up 14.8 pc to 136.7 m By Amy Balan SINGAPORE OCBC Bank, which yesterday announced a 14.8 per cent rise in interim earnings, is tapping shareholders for up to $457 million in a generous one-for-five rights issue. Instead of a
    434 words
  • Article, Illustration
    Lock icon Price war may force many local PC makers to fold
    465 1  -  By Claire Leow SINGAPORE The fierce global price war now raging in the personal computer (PC) industry is likely to force many local PC makers out of business and is causing serious problems too for component suppliers. Within the next
    Source: TDB Trade Stats  -  465 words
  • Article
    Unprecedented Hotel Prop apology
    396 1  -  By Conrad Raj SINGAPORE Hotel Properties Ltd (HPL) yesterday apologised to shareholders for not keeping them informed of project delays and not using the entire proceeds from a $70-million bond issue and a one-for-two rights issue for the purposes they were intended for. The unprecedented move
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      171 1 Nikon Thstifbrid'a Finest Photographic System. y Cost of Nafta to Asean THE North American Free Trade Agreement (Nafta), expected to be signed any day now, will cost Asean US$500 million annually in exports to the United States for the first three to four years, says a visiting American don Page
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      8 1 OPINIONS The truth about borrowed knowledge el 2
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      7 1 PROFILE Sales evangelist Joe Girard fx 3
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      288 1 Nikon ThtWbrid'sFlnMt Photographic System. PURSUITS Asian art showcase el 6 The ZX from Citroen ei. 6 FINANCE Attractive Clipsal el 8 Investing in green el 9 LIFESTYLE Oodles of noodles el 5 Stars of the Saar els Singapore banks have until 1994 to meet NEP rules, Pg3 Hock Lock Siew:
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  • PAGE 2 NEWS
    • Article
      Asean will lose US$500m a year initially: US don
      404 2  -  North American Free Trade Agreement By Chuang Peck Ming SINGAPORE The North American Free Trade Agreement, expected to be signed any day now, will cost Asean US$5OO million (SsBos million) annually in exports to the United States for the first three
      404 words
    • Article
      Lock icon Differences over car content among last obstacles to agreement
      306 2 AP WASHINGTON Differences over cars were among the last obstacles on Thursday to creation of the world's largest trade zone, the North American Free Trade Agreement (Nafta). Trade ministers for the US, Mexico and Canada met in a Washington hotel for
      AP  -  306 words
    • Article
      Lock icon Astra pulls out of US$650m pulp project in Irian Jaya
      284 2 AFP JAKARTA PT Astra International, Indonesia's second largest business group, has pulled out of a multi-mil-lion dollar pulp and paper joint venture in Irian Jaya, press reports said yesterday. The Suara Karya daily quoted Forestry Ministry Di-rector-General of Reforestation and
      AFP  -  284 words
    • Article
      13 directors charged with failing to submit statements
      235 2  -  By Ramesh Diyanathan SINGAPORE Thirteen directors of companies in receivership were charged in the subordinate courts yesterday for failing to submit statements of affairs to the Official Receiver or liquidator. The statement of affairs is a key document that is required to
      235 words
    • Article, Illustration
      Yishun shops fetch benchmark prices
      311 2  -  Deal values space at Yishun 10 cinema complex at lOpc above Orchard Rd prices By Lee Han Shih SINGAPORE Nine shops in the Yishun 10 cinema complex have been sold for $15.9 million to listed Bonvest Holdings, valuing retail properties there to be 10 per
      311 words
    • Article, Illustration
      Royal Brothers, Prudential Asset buy The Promenade
      486 2  -  By Lilian Ang SINGAPORE In a surprising alliance, venture capital company Prudential Asset Management Asia (Pama) has teamed up with the local property-based Royal Brothers for the $159-million purchase of The Promenade. The two parties yesterday sealed the deal the largest commercial property
      486 words
    • Article, Illustration
      HDB shortlisting contractors for Tuas reclamation
      238 2 SINGAPORE The Housing and Development Board (HDB) has started shortlisting contractors for the $169 million land reclamation project at Tuas to facilitate the second causeway link between Singapore and Johor. A notice in The Straits Times yesterday called on all interested contractors to submit
      238 words
    • Article, Illustration
      Three killed, 61 injured in construction site blast
      242 2  -  Clementi explosion may be due to accumulation of gas, say police By Colin Tan SINGAPORE In one of Singapore's worst construction accidents, three workers died and another 61 were injured six of them critically in an explosion yesterday at an uncompleted shopping
      242 words
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      78 2 NOTICE KEPPEL FINANCE LIMITED (IncopoaMd to It* R«pub*c of Singapore) ANNOUNCEMENT Pursuant to Artida 23(4) of tha Artictoa of Association of tt>* Company, i it haraby announced thai from dadaratwna raoarvad by tha Company from tha •harahoidars and from information wqaptad by tha Cantral Oapoartory (Pta) Umiad. 0 45% of
      78 words
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  • COMPANY NEWS 1
    • Article
      Gentings, Resorts, GEL interim results sparkle
      363 3  -  By Quak Hiang Whai SINGAPORE Resort operator Genting Berhad has reported a jump of 16 per cent in interim net earnings to M 5169.54 million (S$ 108.5 million) for the half-year ended June 30, 1992, up from M$ 146.3 million previously. The group recorded
      363 words
    • Article
      Singapore banks have until 1994 to meet NEP rules
      298 3 SINGAPORE While Great Eastern Life has moved towards complying with Malaysian local-owner-ship requirements by forging a strategic alliance with Bank Bumiputra, three of Singapore's Big Four banks with branches in Malaysia have until September 1994 to conform with the New Economic
      298 words
    • Article, Illustration
      M Credit's new chiefs tap land bank's potential
      397 3  -  By Sylvia Wong SINGAPORE The new masters of Malayan Credit Ltd have started to unlock the potential of the company's valuable Malaysian land bank less than two months after taking over the landrich company. Cycle and Carriage Ltd (CCL) and Hotel Properties
      397 words
    • Article
      SSE interim earnings slip 9pc
      199 3  -  By Dexter Lee SINGAPORE Singapore Shipbuilding Engineering Ltd (SSE) has reported a 9 per cent drop in interim net earnings to $9.16 million. This works out to earnings of 5.67 cents a share, down from 6.24 cents in 1991 when SSE notched up net earnings
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    • Article
      SSL's change in accounting policy: fuller explanation needed
      587 3  -  THE HOCK LOCK SIEW COLUMN By Lee Han Shih SINGAPORE One of life's many little coincidences took place this week. In a speech on Thursday, Commissioner of Inland Revenue Koh Yong Guan made a strong stand against the use of "creative accounting".
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    • Article
      Hind Hotels buys third NZ property for NZ$38m
      347 3  -  By Colin Tan SINGAPORE Hind Hotels International Ltd, which announced plans to expand into property investment early last year, has acquired a third New Zealand development for NZ$3B million (5534.2 million). The property, Central Park in Auckland, was the sole asset of
      347 words
    • COMPANY BRIEFS
      • Article
        Venture Mfg's net earnings up 28pc
        71 3 SINGAPORE Venture Manufacturing (Singapore) Ltd yesterday announced a 2-per-cent fail in turnover and a 28-per-cent rise in net earnings for the six months to June 30 this year. Turnover fell to $37.86 million from $38.67 million, while net earnings rose $2.8 million from $2.18
        71 words
      • Article
        Causeway to sell Safetytech stake
        63 3 SINGAPORE Causeway Investment Limited will sell its 60-per-cent stake in Safetytech Sdn Bhd to Philip Khoo for 1.9 million cash. The company has entered into an unconditional sale and purchase agreement with Mr Khoo. On completion of the agreement, Safetytech will separately undertake to repay
        63 words
      • Article
        Overseas Union Trust rights issue
        72 3 SINGAPORE Overseas Union Trust has announced that its proposed renounceable rights issue of 9.37 million new ordinary shares of $1 each at $1.50 per share in the ratio of one for two was approved by shareholders at the extraordinary general meeting held yesterday. Shareholders also
        72 words
      • Article
        Hong Leong unit buys land
        55 3 KUALA LUMPUR Hong Leong Industries Bhd yesterday announced that its wholly-owned subsidiary, Brisk Steel Products Sdn Bhd, proposes to acquire a piece of freehold land together with its buildings in Klang for M 53.7 million (552.4 million) in cash. The vendor is United Industrial Paper
        55 words
    • Article, Illustration
      Sembawang positions itself for the future
      446 3  -  By Juliettel Walker SINGAPORE Sembawang Shipyard has embarked on a strategy of diversification and automation to stay competitive in a cyclical industry, the yard's managing director said yesterday. The present downturn in the industry, coupled with Sembawang's $500 million stockpile of cash, creates a
      446 words
    • Article
      SiS Technologies' HK offer oversubscribed
      212 3 SINGAPORE Homegrown SiS Technologies, which chose to make a public offer of its shares in Hongkong, reported yesterday that its shares have been "definitely oversubscribed". Lim Kia Hong, managing director of the company, told this to BT from Hongkong yesterday. "Hongkong fund managers and the
      212 words
    • Article
      Lock icon GM cuts 2nd quarter loss but shares take a beating
      396 4 FT NEW YORK General Motors, the US motor group in the throes of a radical restructuring, on Thursday reported its best quarterly operating performance in two years but its shares fell as it warned that the second half of the
      FT  -  396 words
    • Article, Illustration
      Hopewell to seek US$1.5b loans for Thai project
      455 4  -  From Catherine Ong in BANGKOK HOPEWELL Holdings plans to raise US$l.5 billion (552.4 billion) in loans from 1994 to finance Thailand's 80-billion baht (Sss.l billion) mass transit project, which broke ground yesterday amid continued scepticism about its future. Hopewell chairman Gordon Wu
      455 words
    • COMPANY BRIEFS
      • Article
        Cheung Kong, Hutchison plan HK$1.2b loan
        103 4 HONGKONG Cheung Kong (Holdings) Ltd and its associate Hutchison Whampoa Ltd plan to borrow HKSI.2 billion (Ss2so million) through a syndicated loan to finance property developments, bankers said yesterday. The 18month transferable facility with interest of Hongkong Interbank Offered Rate plus 45 basis points,
        103 words
      • Article
        Unilever pre-tax profit up 10pc
        66 4 LONDON Anglo-Dutch food and consumer products Unilever said yesterday its pre-tax profit rose to £888 million (552.7 billion) in the six months to June 30, 1992, from £806 million last year. Operating profit rose to £937 million from £915 million on a turnover of £11.64
        66 words
      • Article, Illustration
        HP expects lower earnings
        82 4 PALO ALTO, California Hewlett-Packard Co (HP) said fiscal third-quarter earnings will be below investors' expectations because of weak orders for test and measurement equipment and computers. "We're seeing uneven demand across our business," said John Young (right), Hewlett-Packard's chairman and chief executive. "Orders in some businesses,
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      • Article
        Sega's profit to rise 67pc: report
        98 4 TOKYO Sega Enterprises Ltd's current profit for the half year through Sep 31 is expected to total 25 billion yen (SS3I2 million), up 67 per cent on the year, the Nikon Keizai newspaper said yesterday, without citing sources. Sales are expected to total 158
        98 words
      • Article
        Sunkyong's first-half sales up
        42 4 SEOUL Sunkyong Group, one of South Korea's top 10 largest conglomerates, said its turnover totalled 5.2 trillion won (5510.4 billion) in the first half of this year, up 18 per cent from 4.4 trillion won the year before.
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      • Article
        O&Y to sell stakes in some firms
        43 4 TORONTO Olympia York Developments Ltd (O&Y) will sell its stakes in several companies to pay off creditors, under a bankruptcy restructuring plan due to be filed by Aug 21, the troubled property giant said on Thursday.
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    • Article
      Lock icon US group sues BP over dividend cut
      315 4 Chairman, CEO named in suit filed by shareholders Reuter NEW YORK A group of shareholders sued British Petroleum Co pic the same day it disclosed a U551,165 billion (551.87 billion) secondquarter loss and said it was cutting its dividend in half due to
      Reuter  -  315 words
    • Article, Illustration
      Lock icon Confidence in political situation buoys hopes for bourse
      651 4  -  MONTHLY ROUNDUP .■BANGKOK^ By Andrew Cooke BANGKOK Positive political developments in recent weeks and the prospect of a favourable outcome in the Sep 13 general election have buoyed investors' and analysts' hopes for the Thai stock market. After a month of relatively
      Source: Bridge Info  -  651 words
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      961 4 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following:1992 1991 Increase The Group The Bank The Group The Bank The Group The Bank SS'OOO Ss'ooo Ss'ooo SS'OOO 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1992 Net profit for
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  • FINANCIAL NEWS
    • Article
      MAS to introduce 7-year bonds valued at $700m
      345 5  -  By Quak Hiang Whai SINGAPORE In yet another move to activate the Singapore government securities market, the Monetary Authority of Singapore said yesterday it will introduce new seven-year bonds to investors later this month. With a face value of $700 million, the
      345 words
    • Article
      Lock icon Japanese banks may issue perpetual bonds to meet BIS criteria
      421 5 Reuter TOKYO Japanese commercial banks may issue perpetual bonds soon as a last resort to meet international capital adequacy requirements, analysts said yesterday. "It could be the ultimate measure for banks whose capital ratios risk being under the key 8
      Reuter  -  421 words
    • Article
      Lock icon Falling stock market threatens banks' paper profits
      414 5 NYT TOKYO Falling stock prices have led banks to worry about the decline in their unrealised profits from stocks they hold. Unrealised profits the difference between the price paid for a stock and the current market price are vital to banks as a
      NYT  -  414 words
    • Article, Illustration
      US$ continues trading within range
      507 5 DBS Bank weekly currency review US$/DM: range trading to give way RANGE trading for the US dollar continued this week as it consolidated between 1.4710 and 1.4881 marks for most part of the week. Trading was seen remaining cautious ahead of the US employment data
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    • Article
      Thai oil refining giant raises US$165m
      337 5  -  By Dawn Tan SINGAPORE Thailand's largest oil refiner, the Thai Oil Company, has raised US$l65 million (*****.7 million) from a consortium of 17 international banks, despite initial lack of interest in the structure of the deal. Thai Oil had to cut back the size
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    • Article
      Lock icon Shearson Lehman in talks to sell lucrative Boston Company
      359 5 NYT NEW YORK Shearson Lehman Brothers Inc announced on Thursday that it was negotiating the sale of the Boston Company, its large money-management subsidiary, with several financial institutions. In a statement, Shearson described the talks about the sale as preliminary and
      NYT  -  359 words
    • SMALL CHANGE
      • Article
        Yamaichi Securities to trim workforce
        84 5 TOKYO Japan's Yamaichi Securities Co is likely to slash its workforce by 20 per cent to about 8,000 over the next several years due to the recent stagnant stock market, a Yamaichi spokesman said yesterday. Yamaichi, one of Japan's big four securities houses, plans to
        84 words
      • Article
        BCCHK to repay creditors in full
        81 5 HONGKONG Large creditors of the local branch of the Bank of Credit and Commerce (BCC) have been asked to approve a plan to fully reimburse smaller depositors in the failed bank, a report said yesterday. The South China Morning Post said about 5,000 creditors
        81 words
      • Article
        US challenges bank's bonus plan
        67 5 WASHINGTON —The Justice Department is challenging a bonus plan that would pay top executives of First American Bankshares Inc up to US$lO million (S$ 16.1 million) following the sale of the bank, the Washington Post said. The newspaper said the payment could reduce money available
        67 words
      • Article
        Seoul banks' interest margin up
        38 5 SEOUL —The average real interest margin of South Korea's commercial banks increased by 0.02 percentage points to 2.20 per cent in 1991 from 2.18 per cent 1990, the Office of Bank Supervision said.
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      • Article
        Japan banks write off bad loans
        78 5 TOKYO —The Industrial Bank of Japan will write off bad loans totalling 28 billion yen extended to Toyo Shinkin Bank credit union, the Nihon Keizai newspaper said yesterday. And Tokai Bank will write off 110 billion yen in bad loans that its affiliate extended
        78 words
    • Article
      Lock icon Manila plans to launch US$100m Eurobonds
      562 5 FT LONDON Following the completion of its commercial debt rescheduling package last month, the Philippines is planning to return to the international financial markets for the first time since the debt crisis of the 1980s. Two US banks, Chase Investment and J P Morgan
      FT  -  562 words
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      119 5 An Exhibition of Australian and New Zealand Property Investments Opportunities Raine and Home, one of Asia and Australia's largest real estate networks, presents a wide range of commercial and investment property including retail, office and industrial investments, tourism projects, rural and residential opportunities for sale. Investors are invited to inspect
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      188 6 V s r '1 }<p V/■ j Although breakfast may boss* Business Times to get them before others do. Privilege Card or The HPL/ be the most important meal trickle through the depart- As a reader, the rewards UOB VISA Gold Card that of the day for businessmen, ment, just
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  • THE REGION/THE WORLD
    • Article
      Lock icon Japan names N Korea as a military threat
      443 7 Reuter TOKYO China is modernising its military by selling arms to the Third World, North Korea is developing a long-range missile and Russian forces in the Far East remain a destabilising factor, according to Japan's annual defence report. The 1992 White Paper
      Reuter  -  443 words
    • Article
      Lock icon Asia is world's future powerhouse
      429 7 Half the globe's output made in Asia by 2040, says OECD Reuter PARIS The centre of world economic gravity is shifting inexorably to the Asia-Pacific region and by the year 2040 half the globe's output will be "made in Asia", the Organisation for Economic Cooperation
      Reuter  -  429 words
    • Article
      Lock icon Malaysia plans to hasten development of east coast states
      421 7 NST KUANTAN Malaysian Prime Minister Mahathir Mohamad on Thursday outlined a strategy to speed up the industrialisation of the country's east coast states, confident that these states would succeed in attracting investors in a big way. "The approach is to formulate
      NST  -  421 words
    • Article
      Tokyo plans to shift investment focus in S-E Asia
      479 7 BANGKOK Japan is planning to shift the focus of its investment policy in Thailand from large-scale capital intensive projects to support industries, such as mould and dye production, The Nation reported on Thursday. Japan External Trade Organisation (Jetro) executive director M
      479 words
    • Article, Illustration
      No shortage of things western
      35 7 SHENZHEN A street vendor selling English language magazines in the southern Chinese city of Shenzhen. This city within a special economic zone, is well-known for its availability of western goods.
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    • NOTE BOOK
      • Article
        Keating to visit Japan and Singapore
        96 7 CANBERRA Australian Prime Minister Paul Keating will visit Japan, Singapore and possibly Cambodia at the end of September. A primary purpose of the visit to Japan from Sep 20-24 would be to assess the international economic outlook for the two countries which are major
        96 words
      • Article
        Burma, Laos hold border talks
        91 7 BANGKOK Senior officials from Burma and Laos are meeting in Vientianne to discuss progress in surveying and demarcating their common border, the official Laotian news agency reported yesterday. The KPL news agency, in a dispatch monitored here, said the third session of the joint border
        91 words
      • Article, Illustration
        Memories of the Motherland
        62 7 TAIPEI General Chang Hsueh-liang, a former Chinese warlord who spent decades under house arrest for kidnapping the late Nationalist leader Chiang Kai-shek in China's Xian Province in 1936, viewing a replica of a Buddhist fresco from the Dunhuang Caves in China's Gansu Province at an exhibit
        62 words
      • Article
        HP's Penang plant wins award
        71 7 KUALA LUMPUR Hewlett Packard's (HP) facilities in Penang have emerged second only to a plant in Japan in a worldwide assessment of the multinational's 85 manufacturing units. Hewlett-Packard's best QMS facility was won by its Yokogawa plant in Japan. The QMS awards are given by
        71 words
    • Article
      Lock icon China accused of dumping garlic in US
      368 7 Reuter NEW YORK Officials of a trade group on Thursday accused China of dumping garlic in the United States at below-market prices and warned of a potentially "disastrous" effect on 10,000 US jobs. The Garlic Association said two Chinese ships are heading for
      Reuter  -  368 words
    • Article
      Lock icon Xiamen to start sea links with Taiwan
      218 7 AFP BEIJING Xiamen, the closest Chinese port to Taiwan, is preparing to open direct cargo and passenger shipping links with the island, a newspaper reported yesterday. Taiwan still bans direct contacts with China, but the official English-language China Daily said direct shipping was
      AFP  -  218 words
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      143 7 Yes, I'd Like To Do Business Before Breakfast. Please send me a 1-year home subscription of Business Times. I'd also like to enjoy a year's membership benefits of The HPL Privilege Card or The HPL/UOB VISA Gold Card offering discounts of up to 40% in over 80 outlets, including boutiques,
      143 words
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  • THE WORLD
    • Article
      Lock icon World Bank lends US$600m to Russia
      382 8 Reuter WASHINGTON The World Bank announced a < US$6OO million (***** mil- I lion) loan on Thursday to < prop up Russia's collapsing economy and the US House of Representatives approved a Bill authorising US$l.2 bil- < lion in aid to the former So-
      Reuter  -  382 words
    • WORiP WATCH
      • Article
        China acts to cut industry stockpiles
        78 8 BEIJING China will cut bank loans and power supplies to inefficient state industries that continue to produce unsellable and unwanted goods, the People's Daily said. The official newspaper said the amount of stockpiled goods was "extremely grim". Despite a small drop in the value
        78 words
      • Article
        England/Wales company failures
        73 8 LONDON Company insolvencies in England and Wales remained high at a seasonally-adjusted 5,816 in the second quarter of 1992, little changed from 5,835 in the first quarter. The figures, compiled by the Department of Trade and Industry (DTI) and published by the British Chambers of Commerce (BCC)
        73 words
      • Article, Illustration
        Oscar sold for US$60,500
        51 8 NEW YORK An Oscar owned by actor Harold Russell being carried to the auction table on Thursday in New York. The Oscar was sold for U5560,500 (5597,400) to an unidentified man. Mr Russell won two Academy Awards for his role in The Best Years of Our
        51 words
      • Article
        Russian diplomat flees Japan
        57 8 TOKYO A Russian diplomat fled Japan in May after an alleged attempt to procure highly advanced electronics products banned from export, The Yomiuri Shimbun reported yesterday. The newspaper identified the diplomat as vice-trade representative Vladimir Davydov, 48. It said he had left Japan without responding to
        57 words
    • Article
      Lock icon Bonn plans advice centres in East Europe
      217 8 Reuter BONN Germany said on Thursday it planned to set up economic advice centres in 11 countries in the former Soviet Union and Eastern Europe to provide practical on-the-spot assistance in the transition to a market economy. Lorenz Schomerus, a senior official in
      Reuter  -  217 words
    • Article
      Lock icon S African business warns of battered economy
      227 8 Reuter JOHANNESBURG The South African recession, already the worst in nearly 50 years, is continuing to deepen and recovery will be elusive until political leaders resume democracy talks, a prominent business leader said on Thursday. "We must get back to the negotiating table
      Reuter  -  227 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        557 8 *gg Voy Ite Berth hmiI Pgrtat Vessel Voy Ito Berth Vrrval Pgrtge Marina Terminal 1 Shuntu 9220N S02 07.08/1200 0708/2100 Batam Ma,u *****2 M02 alongside 08.08/2300 White Stork 356 S03 0808/0800 10.08/0800 Batam Mum *****2 M04 alongside 0708/2300 Batamindo 2 2027S MCI alongside 0708/2300 Jurong Port Btm
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      • Article
        CONTAINER SCHEDULE
        1629 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinc/Batonce Rslts Ship Voy No Etb/Btr Period From To From Aberdeen B 01/331 10/0300 2 07/1700 08/0659 08/0900 3 08/0700 08/1159 08/1400 4 08/1200 08/1459 08/1700 ACX Daisy 29A 08/1900 1 07/1500 07/1659 07/1900 2 07/1700 08/0659 08/0900 ACX
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    • Article
      Lock icon Clinton wants biggest ever tax rise, says Bush
      433 8 p^pspag Reuter COLORADO SPRINGS, Colorado President George Bush on Thursday accused Democrat BUI Clinton of wanting to levy "the largest tax increase in American histoid" and said his Democratic opponent is a liberal disguised as a moderate. Ending a two-day campaign swing
      Reuter  -  433 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Trading of F&N shares props up dull market
      3916 9  -  By Genevieve Cua SHARE prices edged up in late trading yesterday in a technical rebound, propped up by buying of F&N shares. Brokers, however, said yesterday's gain was hardly the start of any sustained rally. "You can argue that fundamentally, the valuations
      3,916 words
    • Article, Illustration
      Lock icon HOT STOCK
      78 9  -  Quak Hiang Whai STRAITS Steamship Land, which broke out of its symmetrical triangle recently, has a downside objective of about $1.40. However, after the sharp declines over the past few days, the stock is ripe for an immediate rebound. Weekly RSI and stochastics, which show signs of an
      SOURCE: BRIDGE INFO  -  78 words
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      28 9 See the exciting range of Mitsubishi cars today... while stocks last. Cyclo A Coniogo Automotive Pto Ltd. 241 AWxondro Rood, Singopor* 0315. Tot: 470t195. CtCLC A CAMMtAGC *OORS
      28 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3123 10 FAN 1070 +75 +7.5% SPH Foreign 1310 +30 +2.3% GE Life .1050 20 +1.9% Keppel C Wt 97 152 +17 +12.6% CMB Packaging 540 +15 2.9% BAT 21* 625 +10 +1.6% DBS 1140 +10 +0.9% City Dev 50* 384 +8 +2.1% 1CB Wt 239 +6
    3,123 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      134 10 Shinel YOUR KEY TO BETTER BUSINESS DECISIONS! Shine is Singapore Press Holdings' info rich database financial statements highlights, graphs, latest results team: T. S. Liu on 740 1035, Hazd Ong on 740 1771 on Teleview, which incidentally is the most advanced and company news. orTonyChia M A videotext system in
      134 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3282 11 Leader U 600 5 0.8% Sungei Way 205 +5 +2.5% Ganda Hldgs 87 +4V2 +5.5% Magnum Corp 50* 464 +4 +0 9% Dunlop Est 179 +3 +17% UMW 286 +3 Cons Plant 50« 128 +2 +16% George Kent 50« 199 +2 +10% GoWen Hope 125
    3,282 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      75 11 illjll v r •5v ■:::x :V H I 1 I w I T hat does a Very Ordinary Singaporean want in life? What are his thoughts, his dreams, his fears? Starting today— Kopi Tiam Talfe features Singaporeans who have never been in the I public eye but who have contributed
      75 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      DIVIDENDS ANNOUNCED
      569 12 Current Ex Books Dato Total for Total lor payment date dose payable the year last year M» Mdp SOc 61(b) Aug 26 Sep 7 Sep 24 6* 61 Anted 25c 10% Aug 21 Aug 27 Sep 10 101 101 Aw Px Ld 50c 21(b) Jul 23 Aug 6
      569 words
    • Article
      APPROVED ISSUES
      253 12 Company Rights Issue S Franc* One-for two $110 per share Ex-date Jun 22 Books dose: Jul 2 Acceptance t Payment: Aug 11 Company Bonus Issue Amcd One-forthree Ex-date: Aug 21 Books dose: Aug 27 Ha Sui Hup One-tor four Ex-date Aug 17 Books dost: Aug 21 Hai Sui
      253 words
    • Article
      CORPORATE DEVELOPMENTS
      649 12 Aug 6 Singapore Arines is acquiring another B-747 freighter, bringing the total of its cargo fleet to three. Cycle and Carriage Ltd will take out M 562.8 million in bank loans to finance its property restructuring programme. Folec Communications, a subsidiary of Steamers Maritime Limited, has clinched a
      649 words
    • Article
      AUDITED RESULTS
      205 12 Company Date Year Group Net Net earnings Gross Mn to profit/loss (L) per shore dividend ('000) (coots) M Credit Aug 7 Mar 92 $15,285(114.284) 4 8(4.6) 625(5) Po4ytefc Aug 5 Mar 92 $4991(115) 1 5TE(3TE) QAf Ltd Aug 5 Mar 92 S6.315($1.080) 2.2(0.3) 2.5(—) CK Tang Jul 23
      205 words
    • Article
      PRELIMINARY RESULTS
      194 12 Company Date Year Group pre-tax Nat earnings Gross mi to profit/lees <L) par share dhridead (•000) (cants) Malayawata Aug 4 Mar 92 M$51,473($51,065) 37.8(37.5) 15TE(7 5TE) Beriaya Grp Jul 31 Apr 92 M$95,929($131,180) 2.3(7) 12(5) Beriaya Ind Jul 31 Apr 92 M$100,834($121,792) 4.3(8.1) 9.2(6) Beriaya Leisure Jul 31
      194 words
    • Article
      INTERIM RESULTS
      296 12 Company Date Half-year Groap pre-tax Interim ann to prom/tew (L) dividend ('(WO) OCBC Aug 7 Jun 92 $136,677c($85.116c) 5(5) Venture Mfg Aug 7 Jun 92 $3,370($2,799) SS£ Aug 7 Jun 92 $13,085($14.613) KHJC Aug 6 Jun 92 $7,866(512,331) 7.5(-) OU Securities Aug 6 Jun 92 $824($1,179) 3(4) S
      296 words
    • Article
      SCRIPLESS CONVERSIONS
      123 12 Conversion Special Trdg Scriptess Conversion deadline Period Trading Company starts (IDP) (ST) starts Amcol Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 ANA Hotels Jul 31 Aug 27 Aug 17 Aug 27 Aug 28 A T Sep 14 Oct 8 Sep 28 Oct 8 Oct 9
      123 words
    • Article
      COMPANY MEETINGS
      170 12 Golden Hope Plantations Bhd: 16th AGM at Pacific Ballroom, Pan Pacific Hotel, Jalan Putra, ***** Kuala Lumpur, Malaysia, on Wednesday, August 12, at 11.30 am Hai Sun Hup Group Ltd: 14th AGM EGM at East India Rooms. Raffles Hotel, 1-3 Beach Road, Singapore 0718, on Thursday, August 13,
      170 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      366 12 In local curr In S$ In USS dy yr S d> yr S dy >t Au 8 6 Index chge chge chge chgf chge chgt World 375.4 -0.1 -8.1 -0.4 -8.5 -0.4 -8.0 fEAFE 429.9 -0.4 -14.4 -0.7 -14.4 -0.7 -13.9 Europe 401.5 -0.4 -2.4
      366 words
  • Article, Illustration
    Lock icon CHARTING SERVICE
    593 12 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    CHARTS BY BRIDGE  -  593 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares close mixed in absence of fresh leads
      5220 13 Bernama SHARE prices here closed on a mixed note yesterday on lack of support with investors generally sidelined owing to the absence of new leads. Brokers said share prices drifted in narrow ranges due to uncertainty over the market's near-term direction. The
      Bernama  -  5,220 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Investors take profit after two days of rises
      1801 14 UPI, Reuter SHARE priccs fell on the Thai stock market amid prof-it-taking yesterday. The Stock Exchange of Thailand (SET) Index closcd 3.05 points down at 764.43. The index had gained a total of 12.99 points, 1.72 per cent, on Wednesday and Thursday.
      UPI,; Reuter; Source: Bridge Info  -  1,801 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Foreign investors active but regular market quiet
      930 14 STOCK prices closed mixed yesterday, bringing the official index slightly down to 312.73 from the previous 312.77, brokers said. They said foreign investors were active in cross trading, with over seven million shares changing hands. The regular market was fairly quiet, with only
      Source: Bridge Info  -  930 words
  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Shenzhen B market dull, Shanghai ends firmer
      343 14 Reuter SHENZHEN A shares for Chinese investors were up sharply while trading on the B market for foreigners remained dull, brokers said. Sentiment on Shenzhen's domestic market was bullish ahead of Sunday's share application distribution, with the Credit Lyonnais Shenzhen A Index surging
      Reuter  -  343 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Plunge in NTT sends market reeling
      2578 15 Reuter STOCKS ended lower in light trade yesterday, with the Nikkei Average falling 408.17 points or 2.56 per cent to 15,518.27. Investors were inactive on lack of new incentives, with sentiment hurt by the tumbling price of Nippon Telegraph and Telephone, the market's biggest
      Reuter  -  2,578 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Shares recoup most of early losses
      2528 15 Reuter STOCKS finished easier yesterday but well off the day's lows as bargain-hunting on selected blue chips pared most losses on the Hang Seng Index, brokers said. The blue chip indicator slipped 14.34 points, or 0.24 per cent, to end the week at 5,850.93.
      Reuter  -  2,528 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Bargain-hunting pulls prices off day's lows
      2115 16 Reuter THE stock market closed only slightly weaker yesterday after bargain hunting dragged prices off their lows. "We've been falling every day this week," one broker said. "There's only so much a market can bear people came out ahead of the weekend bargain hunting."
      Reuter  -  2,115 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks fall despite market-boosting news
      • Article
        SEOUL
        835 16 STOCKS struggled in thin trade and slumped under the 500 mark yesterday despite a government announcement of market-boosting measures which briefly rallied prices, brokers said. They said the market gained momentum early, anticipating boosting measures by the ruling Democratic Liberal Party. "But selling orders by discouraged investors, believing the
        835 words
      • Article
        TAIPEI
        497 16 CAUTIOUS sentiment and a lack of trading interest pulled share prices down to finish lower across the board yesterday. Brokers said slow, narrow trade would continue in the near future. The Weighted Index opened lower and closed 39.88 points down at 4,082.90. Turnover dropped to a thin NTS 19.2
        497 words
      • Article
        MANILA
        509 16 SHARE prices opened weak, dampened by the drop in blue chip Philippine Long Distance Telephone Co, but lasthour buying kept the index from falling further yesterday. The Manila Stock Exchange Composite Index eased 1.04 points to close at 1,462.76. Aggressive buyers have stayed on the sidelines awaiting fresh incentives
        509 words
      • Article
        NEW ZEALAND
        305 16 A SLUMP in the share price of Fletcher Challenge and mixed performances among the other leaders dragged share prices down in active trade yesterday. The NZSE-40 Capital Index ended 11.97 points lower at 1,543.35. Fletcher, a forestry and energy group, fell to a six year low on investor
        305 words
      • Article
        BOMBAY
        84 16 SHARE prices fell sharply on Thursday on nervous liquidation triggered by reports that the government was planning to raise the prices of petroleum products, brokers said. The market was undermined by rumours that some members of parliament were involved in a major securities scandal, which had led to the
        84 words
      • Article
        Untitled
        49 16 Cine Pi n>— 47A*7 NEW ZEALAND NZS&40 Capital 1,543.35 1,555.32 -11.97 MAMUt Composite Index 1,462.76 1,463.10 -1.04 Turnover (mil peso*) 230.5 195.7 4-34.8 TAIPEI Weighted Price Index 4,082.90 4,122.78 -39.88 Turnover (NTS billion) 19.2 20.7 -1.5 SEOUL Composite Stock Index 495.22 500.04 -4.82 Turnover (billion won) 133.3 117.04 ;16.26
        49 words
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  • WORLD STOCK MARKETS
    • US stocks retreat for third day running
      • Article, Illustration
        NEW YORK
        1221 17 STOCKS pulled back for the third straight day on Thursday in moderate trading as disappointing news on earnings compounded investors nervousness ahead of yesterday's key unemployment t. report. The Dow Jones Industrial Average, which dropped 19.18 points on Wednesday, lost another 24.58 points to 3,340.56. Losses in IBM
        1,221 words
      • Article, Illustration
        LONDON
        698 17 SHARES were down at the close of trading on Thursday but off earlier lows as poor results in the banking and oil sector increased nervousness over the fate of the British economy. At the close, the FTSE-100 Index was at 2,377.6, down 15.2 points, but off its low of
        698 words
      • Article
        FRANKFURT
        256 17 SHARES were easier at the close of Thursday's bourse floor trading, but the blue chip DAX managed to finish off its low after a volatile session of profit taking on early gains and buying on subsequent dips. The DAX ended down 7.66 points at 1,621.15, off a low at
        256 words
      • Article
        AMSTERDAM
        339 17 SHARES finished lower on Thursday with Philips and Royal Dutch the main depressing factors. Both blue chips disappointed investors with their second quarter results. They are heavily weighted in the EOE Index. Despite the lift of a better-than-ex-pected start on Wall Street, the index closed 3.00 points, 1.02 per
        339 words
      • Article
        PARIS
        170 17 A MORNING rally petered out and share prices ended slightly lower on Thursday, with the CAC-40 Index of leading shares unable to breach the key 1,800 level. The index closed 4.14 points or 0.23 per cent lower at 1,793.84 in restrained volume of 1.48 billion francs. It had opened
        170 words
      • Article
        MILAN
        301 17 SHARES closed slightly lower in thin trading on Thursday as the market continued to consolidate its sharp gains during the early part of the week when the market surged on the scrapping of wage indexation and a discount rate cut. "It was a featureless day in which operators squared
        301 words
      • Article
        ZURICH
        141 17 SHARES ended a dull session on Thursday a shade lower, after an early buying spree lost momentum and prices eased on profit-taking, dealers said. "News that Swiss annual inflation in July fell to 3.8 per cent from 4.2 per cent in June gave the market an early boost," one
        141 words
      • Article
        STOCKHOLM
        185 17 SHARES fell another notch on Thursday on higher interest rates and lower European bourses, but brewer Spendrups added sparkle due to Sweden's warm summer. The bourse general index fell 0.38 per cent to 847.59 in low turnover of 193 million crowns. The Top-16 Index fell 0.46 per cent and
        185 words
      • Article
        BRUSSELS
        163 17 SHARES bucked the downward trend among other European bourses to close higher on Thursday, the first day of the new forward market accounting period. Trading was, however, concentrated around a handful of major shares. The Bel-20 Index rose 4.44 points, or 0.39 per cent, to 1,143.19 at the close
        163 words
      • Article
        JOHANNESBURG
        521 17 SOUTH African mining shares fell across the board in steady trade on Thursday, knocked mainly by the strong gains in the financial rand foreign investment unit and weaker precious metal prices, dealers said. But industrial blue chips showed strong resilience, bouncing off lows and in some selected stocks ending
        521 words
      • Article
        TORONTO
        267 17 STOCKS shook off a sharp downturn on Wall Street, partly recovering from heavy mid-day losses to end Thursday slightly lower, dealers said. Brisk early trade, highlighted by a number of large block trades, gave way to a slow afternoon session, they added. "There is still reluctance to take any
        267 words
      • Article
        Untitled
        116 17 Aug 6 Clo* Previous NEW YORK Dow Jones 3,340.56 3,365.14 -24.58 SAP 500 420.59 422.19 -160 Turnover (million) 181.55 172.45 +9.1 LONDON Financial Times 30 1,774.2 1,791.5 -17 3 FTSE 100 2,377.6 2,392.8 -15.2 Turnover (million) 496.8 466.8 30.0 FRANKFURT DAX Index 1,621.15 1,628.81 -7.66 AMSTERDAM EOE Index 291.30 294.30
        116 words
  • Page 17 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback firms up against yen and mark in Tokyo
      1183 18 REPORTS ftfit* TOKYO: The US dollar closed firmer against the yen and the mark yesterday but came off early highs. Talk that the Bank of Japan may have sold dollars at around or just under 128 yen pulled the dollar down
      1,183 words
    • Article
      INTERBANK FOREX RATES
      375 18 Cross rates Aug? USS SS MS Dm Yen SFr AS NZS USS 1.6110 2.5005 1.4790 127.75 0.5230 1.3295 1.3559 1.8399 SS 0.6207 1.5521 0.9181 79.2986 0.3247 0.8253 0.8417 1.1421 MS 0.3999 0.64 0.5915 51.0898 0.2092 0.5317 0.5423 0.7358 Dm 0.6761 1.0892 1.6907 86.38 0.3536 0.8989 0.9168 1.2440
      375 words
    • Article
      MONEY MARKET
      525 18 Interbank rates S$ Bid Offer Overnight 2 5/8 2 3/4 1-month 2 5/16 2 7/16 2-month 2 3/8 2 1/2 3-month 2 3/8 2 1/2 Overnight mode: 2-11/16 US$ BM Offer 7 days 3 5/16 3 7/16 1 month 3 5/16 3 7/16 2 months 3 3/8 3
      525 words
    • Article
      Lock icon Tokyo dealers see gains in selling options
      377 18 Knight Ridder TOKYO While spot currency dealers are finding it tough to make money in the current dull US dollar-yen market, currency options players are finding good opportunities to make profits by selling options, currency options dealers say. As long as the dollar-yen
      Knight Ridder  -  377 words
    • Article
      FINANCIAL FUTURES
      1476 18 SjjjEX wmmum Open Higb Low Sett Est Vol Act/Vol Op/lnt Sep 92 96.55 96.56 96.54 96.54 2700 2846 ***** Dec 92 96.19 96.19 96.16 96.16 6800 6051 ***** Mar 93 96.10 96.10 96.05 96.06 5670 4356 ***** Jun 93 95.75 95.75 95.70 95.71 1500 1446 3665 Sep 93
      1,476 words
  • Page 18 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Rubber prices may weaken further: Inro
      385 19 Reuter KUALA LUMPUR Depressed demand could further weaken rubber prices, an International Natural Rubber Organisation (Inro) official said yesterday. "I thought we could see a 10-per-cent rise in prices by the year-end," buffer stock manager Aldo Hofmeister said in an interview. "But it is
      Reuter  -  385 words
    • Article
      Lock icon Japanese lead smelters rely on domestic demand to cut stocks
      324 19 Knight-Ridder TOKYO Japanese lead smelters, burdened by high inventories but reluctant to export or cut production, are banking on an upturn in domestic demand later this year, industry sources said. "The current dull market is only temporary," a source at
      Knight-Ridder  -  324 words
    • Article
      KL tin sheds 4 sen on higher offerings
      752 19 REPORTS THE price of tin on the Kuala Lumpur Tin Market shed four sen to close at M$ 16.79 per kg on higher offerings yesterday. Dealers said the market staged a correction after the price shot up sharply on Thursday and poor
      752 words
  • Article
    PRICES
    1492 19 Rubber WS Cwwdtty Exdiawf (ftrtire* ctotiag a* at lpm) ■WSS 1 Contract (S cents/kg) Gose Volume Open Month High Low Sett (tonnes) Interest Sep 92 142.25 141.75 142.25 350 3,425 Oct 141.00 139.75 141.25 1,600 3,450 "Nov 141.00 139.50 140.50 775 3,200 Dec 141.00 139.25 140.50 1,550 3,625 Jan/Mar
    1,492 words
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      647 19 BinnjEssmm ToU It— T1 No 737 0Q43 Fax No; 734 3006 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Neo Kee Joon of 10 Holland Hill #02-19, Holland Hill Mansions, Singapore 1027, have applied for a 2nd Class Public House licence in respect of premises at M/s Silver Spoon
      647 words
    • Advertisement
      Page 19 Advertisements Column 2
      197 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF COMPUTER VILLAGE PTE LTD On Members' Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING (Pursuant to Section 308) NOTICE IS HEREBY GIVEN in pursuance to Section 308 of the Companies Act, Cap. 50, that a Final General
      197 words
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  • Article
    Lock icon Japanese capital starting to flow outwards again
    528 20 Reversal a welcome relief to a world short of funds Reuter TOKYO After 18 months of seeing more money flow into Japan than out, Tokyo is again starting to export capital, recycling the funds from its massive current account surplus to the world.
    Reuter  -  528 words
  • Article
    Lock icon Analysts fear Tokyo's economic package may prove ineffectual
    384 20 Reuter TOKYO Japan's much anticipated economic stimulus package may be light on substance and end up hurting business confidence, economists said yesterday. The government is making last-ditch efforts to work out effective pump-primers to revive final demand in the flagging economy by
    Reuter  -  384 words
  • Article, Illustration
    Lock icon Iraq won't let UN arms inspectors enter ministries
    506 20 New stand-off looms with another team due soon Reuter BAGHDAD Iraq, defiantly declaring its ministries offlimits to UN weapons inspectors, awaited the arrival of a new inspection team yesterday undaunted by the prospect of a new stand-off with the Security Council. With
    Reuter  -  506 words
  • Article
    Lock icon Malaysia launches firm to stimulate R&D
    248 20 AFP KUALA LUMPUR Malaysia launched yesterday a corporation intended to stimulate the development of indigenous technology from commercially viable research findings. Minister of International Trade and Industry Rafidah Aziz, launching the Malaysian Technology Development Corporation (MTDC), said it would form a link between the
    AFP  -  248 words
  • Article, Illustration
    Lock icon Rabin leaves for US as Jewish settlers protest
    271 20 Reuter JERUSALEM Prime Minister Yitzhak Rabin, keen to mend ties with Washington and spur Middle East peace progress, left yesterday for his first summit with President George Bush since his Labour party's election win in June. He hopes to win billions of
    Reuter  -  271 words
  • Article, Illustration
    Between the covers: 150 years of horse racing in Singapore
    116 20 SINGAPORE It might have been a racing event. Minus the horses. Some 200 leading lights on the local racing scene gathered at the Goodwood Park Hotel last night, when Bukit Turf Club chairman E W Barker (above) launched a new
    116 words
  • Article
    Lock icon Bundesbank will not raise Lombard rate for now
    394 20 Reuter FRANKFURT Bundesbank president Helmut Schlesinger said the Bundesbank saw no reason at the present time to raise the Lombard rate. There had been speculation before Thursday's meeting of the Bundesbank's central bank council that the central bank would follow up last
    Reuter  -  394 words
  • Article
    Lock icon Toshiba and Ericsson tie up to supply cellular phone equipment
    248 20 AP TOKYO Japanese electronics giant Toshiba Corp and Swedish telecommunications firm AB LM Ericsson announced yesterday that they will form a joint venture to supply digital mobile telecommunications equipment in Japan. The new company, Ericsson Toshiba Telecommunication Systems KK, will
    AP  -  248 words
  • Article
    Lock icon Bush toughens stand on Yugoslavia
    400 20 AFP WASHINGTON President Bush said yesterday the international community would not rest until it gains access to any and all detention camps in Bosnia-Herze-govina. Mr Bush said the pictures of prisoners in detention camps in war-torn Bosnia were "stark evidence of the need to deal
    AFP  -  400 words
  • Page 20 Advertisements
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  • Executive Lifestyle
    • Article, Illustration
      Too good to be true?
      1435 21  -  Are Singaporeans a conservative lot, or are they simply maintaining a great divide'between public facade and private reality? Jaime Ee takes a look at a survey that many have read but few seem to believe Jaime Ee ON ANY given Wednesday, anyone who picks up
      1,435 words
    • STRAWS IN THE WIND
      • Article
        As hair goes by
        57 21 FOR THOSE who don't get enough of it, a seminar held in Singapore recently promised a magical solution. The topic: "How to Improve the Quality of Sleep". Or if that failed, participants could attend a seminar on "Understanding Hair Fall". Just imagine people looking at some
        57 words
      • Article
        In for a roasting
        45 21 A COMPUTER firm organising a big do to launch itself and its products obviously knows how to get rid of people it doesn't like. On the agenda is a "Press and VIP barbecue". Obviously they're looking forward to roasting some journalists...
        45 words
      • Article
        Look-alikes?
        100 21 THEY say that people of the same race tend to look alike, but that message didn't hit home for one Indian BT journalist until he received a very nice letter from the organisation that arranged a press interview with former UN secretary general Javier Perez de Cuellar. Together with
        100 words
      • Article
        On the ball
        29 21 A NEW golf resort must be anticipating problems when it comes to keeping its golf balls happy it advertised last week for a "golf relations officer".
        29 words
    • OPINIONS
      • Article, Illustration
        The truth about borrowed knowledge
        1008 22  -  Nirmal Ghosh questions the opinion that Asians lack an innovative bent Nirmal Ghosh The writer is a BT journalist DOES THE concept of "the Pacific Century" lie drowning in the Pacific? Commentators like Australian economist and writer on Asia George Hicks would have us believe
        1,008 words
      • Article
        Asean must send strong signals
        735 22  -  Said Abdullah feels Asean has to take a firm stand on Myanmar Said Abdullah The writer is a journalist on BT's foreign desk POLITICAL analysts who last April thought they saw subtle signals that Asean was beginning to take a strong stand on regional affairs,
        735 words
      • Article
        One shipowner's standpoint
        706 22  -  Captain Wong, Cho Yang Line HAVING read the report of a speech made by Mr Ang Thian Chin, general manager of Surface Freight, at the Asean Freight *92 Conference, published in Shipping Times on July 31, I wish to present a personal view from a shipowner's standpoint.
        706 words
      • Article
        EMS share proposal unfair
        187 22  -  Small Investor I READ with disappointment the restructuring proposal put forward by the judicial managers of Electro-Magnetic (Singapore). The proposed exchange of two EMS shares for two Electro Magnetics (1992) Ltd (EML) shares plus one warrant is very unfair to EMS shareholders. It means an exchange
        187 words
    • REVIEWS
      • Article, Illustration
        Quest for redemption
        546 23  -  Susan Tsang finds The Fisher King a highly engaging movie Susan Tsang JACK LUCAS (Jeff Bridges) is an arrogant deejay, looking down at life from the top. Can he help it when a loony listener takes his advice and shoots up the diners in a posh restaurant?
        546 words
      • Article
        Sweet nothing of an epic
        625 23  -  Nirmal Ghosh on why Far and Away fails to make an impact Nirmal Ghosh THE CAMERA opens in western Ireland, 1892: bleak windswept slopes climbing above a heaving sea, with shrouded figures shuffling about tiny settlements. One of those figures is touslehaired Joseph (Tom Cruise),
        625 words
      • Article, Illustration
        A flipping good tale
        580 23  -  Luc Besson's The Big Blue is no mere fish-flick, says Michelle Low Michelle Low SOME people like typewriters that turn into cockroaches. Some people like Dick Tracy. Luc Besson likes dolphins and deep seas. The Big Blue is French director Besson's first English film, a choice
        580 words
    • PROFILE
      • Article, Illustration
        The art of making that big kill
        1174 23  -  Joe Girard tells Dawn Tan how he became the world's greatest salesman Dawn Tan IN ANOTHER LIFE, Joe Girard might have had a rewarding career as preacher to an avid Sunday congregation. But while he may not be selling routes to the Pearly
        1,174 words
    • EPICURE
      • Article, Illustration
        Truly noble fare
        529 24  -  Susan Tsang samples dishes worthy enough to set before a king Susan Tsang NOBLE HOUSE is having a promotion which is appropriate to its name. Diners now have a chance to eat, if not like a king, at least like a president. Combined into a single meni>
        529 words
    • LIFESTYLE
      • Article, Illustration
        Oodles of noodles
        654 25  -  Pasta Fresca owner Salvatore Carecci tells Juliette Walker how he hopes to make a lot of money with a little dough Juliette Walker FRESH Italian pasta is snaking its way into the hearts and stomachs of Singaporeans. And to Salvatore Carecci, the little squiggles, shells and tubes
        654 words
      • Article
        Two stars of the German Saar
        371 25  -  WINE By N K Yong WHEN it comes to German wines, many wine lovers begin with and stop at the Mosel. What they may not realise is that the region's full name is Mosel-Saar-Ruwer, named after the three important rivers whose valley-slopes provide the
        371 words
    • PEOPLE
      • Article, Illustration
        Fun and figures
        194 25 DRINKS, cheers and cocktails followed the seminar on 'Tourism Statistics for Effective Planning" for the hotel industry organised by PKF Consultants and the Singapore Hotel Association recently. Indeed, conviviality fol- lowed presentations by the Singapore Tourist Promotion Board and PKF Consultants on tourism statistics and hotel occupancy.
        194 words
      • Article, Illustration
        Lock icon Rain fails to dampen spirits
        187 25 IT WAS NOT the perfect setting for a ground-breaking ceremony. The rain had just stopped in Bishan New Town and the site on which the ceremony was to take place was muddy. However the rain did not dampen the excitement when the guests started to
        Photos by Arthur Lee and Chris Loh  -  187 words
    • PURSUITS
      • Article, Illustration
        Galleries of the Orient
        645 26  -  Susan Tsang on why it's worth making the trip to the IMM Exhibition Centre to visit the Singapore Art Fair '92 Susan Tsag IT STARTED out as an exhibition by Singaporean artists to commemorate National Day, but it has grown into a commercial event. And that
        645 words
      • Article, Illustration
        French flair
        774 26  -  Samuel Ee reviews two versions of the Citroen ZX Samuel Ee MENTION the name Citroen to anyone and chances are, there will be a reaction. The French marque usually inspires an opinion; very few are indifferent to it. Citroen's bold design, for one, helps to evoke such feelings.
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        Technicolour timepieces
        468 26  -  Michelle Low takes a peek at the many bright faces that make up Swatch's Fall '92 collection Michelle Low YOU know a watch-maker has got it made when they start having seasonal collections. And when they bring in female models clad from top to toe in gold powder,
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    • PERSONAL FINANCE & INVESTMENT 1
      • Article, Illustration
        Clipsal turns on analysts
        1170 28  -  Electrical parts maker Clipsal Industries is worth subscribing for, but stags should keep away, says Joseph Rajendran STOCK Joseph Rajendran THE coming share issue by electrical parts manufacturer Clipsal Industries (Holdings) Ltd has been given a vote of confidence by analysts, despite the lacklustre performance of
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      • Article, Illustration
        All in the game
        1110 28  -  SN Vasuki checks out which Malaysian gaming stocks are good bets SN Vasuki ANALYSTS are waxing eloquent on the short-term prospects of Malaysia's gaming sector. This year, gaming shares have outperformed the Kuala Lumpur Stock Exchange (K.LSE) in general, though they came under selling pressure recently
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      • Article, Illustration
        Singapore's economic results hold key to market direction
        353 28  -  CHART By Goh Hiang Fong The writer is head ofiZ research at Lum ChangeSecurities Pte Uati CHANNEL patterns on charts can be quite uncanny in the way they can "predict" the price movement of indices, shares or commodities. Three weeks ago, this
        353 words
      • Article, Illustration
        Green investments: a rising tide?
        1018 29  -  An emerging trend in the West could spread to Singapore soon, giving investors in companies new factors to look for. Nirmal Gnosh reports Nirmal Ghosh A LOT of written copy is generated about green investors in this brave new environmental age. The phenomenon is thought
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    • OLYMPICS '92
      • OLYMPIC FEATS
        • Article
          US set to surge ahead in medal stakes
          106 30 THE USA, thanks to its reasserted dominance in track and field, surged in the medal stakes at the end of events in Barcelona on Thursday, but still trailed the CIS in gold medals. The USA had 27 golds to the CIS' 35,
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        • Article
          A sportsman by any other name
          89 30 HIS FATHER is Cuban, his mother Russian. He lived in Estonia and won a bronze medal for the Soviet Union in Seoul. In Barcelona he won Olympic gold for Germany. Vladimir Reznichenko may have a confusing background but he knew exactly what he wanted
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        • Article
          Russian wins road walk event
          76 30 RUSSIAN Andrei Perlov conquered heat, humidity and the steep climb to the Olympic stadium to win the men's 50 km road walk gold medal yesterday. Perlov, second in last year's world championships, took an early lead and held on to win in an unofficial time
          76 words
        • Article
          IAAF wants an investigation
          75 30 TRACK AND field's world governing body has demanded an investigation and a written report from the US Olympic Committee over drug allegations by 200 m gold medalist Gwen Torrence. A spokesman for the International Amateur Athletic Federation said yesterday the organisation wrote to USOC President William
          75 words
        • Article
          Boxing supremo's fight
          67 30 AMATEUR boxing supremo Anwar Chowdhry believes the sport has woq its battle to remain in the Olympics. Before the Barcelona Games the sport had been warned by International Olympic Committee president Juan Antonio Samaranch that any repeat of past controversies would see boxing axed. But said Chowdhry
          67 words
        • Article
          Indon medallists to get honours
          88 30 INDONESIAN President Suharto yesterday decided to bestow state honours on the country's first Olympic gold medalists, State Secretary Murdiono said in Jakarta. The type of honour, usually medals, would be decided later and they would be awarded when the medallists returned to Jakarta, Mr Murdiono
          88 words
        • Article
          Agony for US boxers
          68 30 CUBAN FLYWEIGHT Raul Gonzalez added to the United States' humiliation in the Olympic boxing ring yesterday when he stopped Tim Austin after just 70 seconds of their semi-final. Indian official Kishen Narsi halted the contest because the American could not see out of his left eye.
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      • Article, Illustration
        Lock icon US track and field team displays its supremacy
        754 30 AFP BARCELONA The United States finally lived up to its billing as the greatest track and field nation on earth on Thursday with a dazzling display of all-round supremacy that produced a world record in the men's 400 m hurdles and a
        AFP  -  754 words
      • Article
        Lock icon Women athletes in new drugs row
        406 30 AFP BARCELONA Gwen Torrence and Juliet Cuthbert stirred up an incredible controversy over drugs after finishing first and second in the Olympic women's 200 m here on Thursday. The American, who on Sunday claimed three women runners in the 100 metres final were on
        AFP  -  406 words
      • Article, Illustration
        Lock icon Lewis ready for more action after seventh gold
        460 30 AFP BARCELONA Carl Lewis won a seventh Olympic gold medal with a third straight long jump title on Thursday, then declared himself ready for more confrontation on the athletics field. After being hailed by world record holder Mike Powell as one of
        AFP  -  460 words
      • Article, Illustration
        Great wall of America
        44 30 BARCKIX3NA I jthuania's Olympic team centre Arvyda Sabonis (extreme left) finds he has to overcome a US wall consisting of Dave Robinson and Charles Barkley with the support of guard Michael Jordan during Thursday's basketball semi-finals. USA defeated Lithuania 127-76.
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      • Article
        Lock icon Czech decathlete beats the traps
        378 30 AFP BARCELONA Robert Zmelik avoided the pitfalls to become the first athlete from Czechoslovakia to win the Olympic decathlon title here on Thursday. "To me the decathlon means 10 traps. I have been lucky. I haven't been caught out yet," he said after compiling 8,611
        AFP  -  378 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1283 31 Ctty FVgM ETA FVgM no rr-1 GA860 0045 QF81 1955 Of 82 2205 SQ228 2025 AIMIM RJ187 0130 AmterdM SQ319 0715 GA890 0150 KL837 1255 KL838 2240 SQ342 2325 Auckland NZ21 1820 NZ22 1940 SQ286 2030 Bakraia GF148 0855 M^fa GA525/910 1755 B Sari Baa ;awaa
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    • THE TRAVEL PAGE
      • Article, Illustration
        Where it's hip to be a hippie
        547 31  -  LETTER FROM AMSTERDAM By Sara Henley IF YOU DIG the hippie revival, man, Amsterdam is where it is at. The Dutch capital is spattered with tie-dyed T-shirts, patchouli perfume, beads, bare feet, headbands and, yes, flared trousers. Some hippies never left, but social
        547 words
      • Article
        FOREIGN CURRENCY NOTE RATES
        151 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1834 1.1995 Canadian dollar 1.3460 1.3732 NZ dollar 0.8665 0.8840 Sterling pound 3.0680 3.1097 US dollar 1.6080 1.6140 Local dollars to 100 units of foreign currency Austrian schilling 15.30
        151 words
      • Article
        WORLD TRADE EXHIBITIONS
        83 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Sep 6-9 Fine Food Melbourne Australian <61)3/867.7981 Sep 6-10 Trade Show Brussels, Foire (32)2/*****90 Exhibition Belgium Internationale (32)2/*****91 Services Dc Bruxelles Sep 6-10 International Earls Court. Reed Exhibition 081-*****71 Sep 19-22 International Paris Semaine (33)1/*****002 Watch, Jewellery
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    • Article
      CINEMA
      616 32 Beauty And The Beast. Delightful Disney version of a classic. Yishun 10: 11.45; 4.50; 6.45. Beethoven. Cloyingly all-American, but good fun. Yishun 10: 10.50 am. Deceived. Goldie Hawn beats her dumb blonde image by playing a gutsy widow caught up in a suspense thriller. Orchard: 11; 1.30; 4; 6.45;
      616 words
    • TIME OFF
      • Article
        PERFORMANCES
        91 32 Asian Youth Orchestra Featuring soprano Elly Ameling and violinist Young Uck Kim, with Lukas Foss conducting Takemitsu's A Flock Descends into the Pentagonal Garden, Sibelius' Violin Concerto and Mahler's Symphony No 4. Venue: Singapore Conference Hall. Today. 8.15pm. Singapore Symphony Orchestra Lim Yau conducts a programme featuring Bruckner's Overture
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      • Article, Illustration
        EXHIBITIONS
        377 32 20th Century Oil Masters by Zhejiang Academy On display are 120 paintings by 60 artists from the Zhejiang Academy of Fine Arts. Venue: The National Academy of Fine Arts Gallery I, IA Short Street. August 15-23. 1 lam-6pm. Back to Nature by Lin Hsin Hsin Sixty works of art
        377 words
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      243 21 H IiKAaiISP BKcvwmn i .S3 GEographique. Around the world in 24 hours. J--The world has NEVER SEEN A WATCH QUITE LIKE MECHANICAL GEographique BEFORE: FASHIONED IN 18 K COLD. IT AUTOMATICALLY T SETTING NEW STANDARDS IN f. simplicity, turn the leftshows THE LOCAL HAND CROWN UNTIL ONE OF THE rsl&.
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      Page 22 Miscellaneous Column 1
      76 22 DOONESBURY garry trudeau HUUMTED HM.IJUST GOOD NEWS FORTfB iES.HR. BUT tM NOT f ~9€S COULDN'T TOSEEME. MNTWTOTELL SCHOOL. tT DEMONSTRATES THAT SURE EVERfONEIN THROWIN6 iOUGETHff. MR WNTT- WHOWFROUP THE FAILURE OF SO MAM HPS THE COMMUNITY SEES OFF THE TDUfiTCH J MAN* AU OF US ARE A- TO LEARN HERE
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      604 24 NoUbwigßeatsAßud. OF Yn& I OOKlieGjf 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 a peaceful Sunday. For $34.50++ per
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      Page 24 Advertisements Column 2
      239 24 WHERE TO WINE, DINE... mm ■bdtfwltoin ilh *^1 I SINGSATIONAL HI-TEA Sundays will never be the same again! Bring the family for a karaoke hi-tea with an extensive array of sweet and savoury items. Then enjoy a standard drink at Singsation and sing the afternoon away. 3.00 pm 5.30 pm
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      Page 24 Advertisements Column 3
      331 24 I REAT fjr To experience the beauty stem* «r and mystique of Tahiti, V\ W. J. j come to The 'Belvedere. Mere, a delectable spread of Tahitian specialities as well as the sensuous JKtjf (i Tamure dancers, beckon you. Come to the QL Area Kja Tahiti Promotion and see the
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      256 25 AND ENTERTAIN In the month of August, a fashion extravaganza awaits you at the Fountain Lounge: August I Toselli August 8 Viaspiga Boutique August 15 Toselli August 22 Vuspiga Boutique August 29 Toselli Enjoy a leisurely Saturday afternoon tucking into delicate French pastries, dianxin and sandwiches and a freshly-brewed cup
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      89 27 We Care And Share Because It Is Our Singapore. HVaV rT- C?m\ Bfe\ Through our participation in community projects, and our support for the promotion of the arts and culture, it's our way of thanking you, Singapore. For The Hour Glass, service to the community is not a duty; it's
      89 words
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      Page 29 Advertisements Column 1
      23 29 ISIMGAPORFi Made-to-order A love-hate affair Jobs with Vietnam IBiUIUft UflilE IWNvm^QI How 6 companies became world iSwotk j mii i 3 ON SALE
      23 words
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      Page 29 Advertisements Column 2
      236 29 >J-OAN m. Wm -im- k J It 1 Quick and Easy. Get instant H V cash for your shares over the H| n counter at any of our 28 brandies. Use the loan for any purpose. Loans from $2,000 to $100,000. Bl MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS!
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      233 30 ATHLETICS: Men's finals 12.55 am (Sunday): Javelin lam: 4xloom relay 2.15 am: 1,500 m 2.40 am: 5,000 m 3.40 am: 4x400m relay Women's finals 12.30 am (Sunday): High jump lam: 4xloom relay 1.50 am: 1,500 m 3.15 am: 4x400m relay BASKETBALL: Men's final spm: sth placing 7pm: Bronze medal match
      233 words
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      41 31 Discover the lengths Fmnair 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 know Europe from start to Ftnniah.
      41 words
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      Page 31 Advertisements Column 2
      25 31 Difficulty In getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749 2577 for locations of nearest newsstands.
      25 words
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      Page 31 Advertisements Column 3
      51 31 For your latest Olympic Results, call the SPH INFOUNE i^i.fcfcfefeii /\|^|P I y°u are on your way to winning I attractive watches! Employees of Sun Sing Trading and Singapore Press Holdings and their IMMEDIATE families are not eligible. Singapore Press Holdings AUDIOTEX SERVICE This week's Olympic Results is sponsored by
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  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      168 31 (^un* er model 25 Aircraft taking man g Book the second half of 22 Savoury juice 1 had (5) thrown overboard (6) July every year (8) 26 Making progress beyond 13 Raids once uncovered a the legal limit (8) prehistoric monster (9) YESTERDAY'S SOLUTION 14 Brave tribal symbol (5,4) 2
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    • Miscellaneous
      Page 31 Miscellaneous Column 2
      168 31 Singapore Outlook: Showers over a few areas in the late morning and early afternoon. Report Maximum temperature 32.6 Assoc humidity 59% Minimum temperature 25.5 Assoc humidity 91% Hours of sunshine 10.00 Rainfall in mm Nil Rainfall this month 31.1 Rainy days this month 1 World report Asia-Pacific Hi/Lo* Cond. Auckland
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    • Miscellaneous
      Page 31 Miscellaneous Column 3
      25 31 LI»kiJ».MJIW!I3raEI f&eimSmiii —(IF the.-/ GCJ PS FF\R bs Riveß novoT) ugWs 1 CAB.NeT Boom PfT MO K=7\^ C ASSOCIATED NEWSPAPERS LTD., 19€2-1#92~ U V— 8735
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      Page 32 Miscellaneous Column 1
      1765 32 TODAY'S TV BKfIPWffIWHHB 100 cops (stereo). w wn 2.00 Videofashion! 1W A W- TVI 2.30 Invention (See Our Pacar Ketinggalan Kereta, Track And Field Technique, Choice). M 7.50 AM Programme Summa--4.00pm, SBC 5 12.10pm, SBC 12 3.00 Barcelona Olympics (L). JV After being cooped up at With Olympic fever sweeping
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    • Miscellaneous
      Page 32 Miscellaneous Column 2
      617 32 MOVIES ON TV The Emperor's New Clothes, pics, it's a gripping look at Mon, 11.15am, SBC 5 the will to win and what Comedian Sid Caesar plays drives it. Ian Charleson and the vain Emperor who has en Cross are sterling as deobviously never heard of in- vout Scottish missionary
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