The Business Times, 15 August 1992
1992-08-15
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The Business Times
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Title Section16 1992-08-15 1 Business Times the business paper for s-easia MITA (P) 35/12/91 Weekend Edition, August 15-16 1992 75*16 words
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NEWS & MARKETS SUMMARY
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45 1992-08-15 1 WASHINGTON Industrial production in the US rose 0.4 per cent in July after falling 0.4 per cent the month before, the Federal Reserve said yesterday. Experts had predicted a 0.2 per cent increase in factory production last month.45 words
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66 1992-08-15 1 LONDON The rate of inflation in Britain fell again to an annual 3.7 per cent in the year to the end of July, from 3.9 per cent in the year to the end of June, the Central Statistical Office said here yesterday. Analysts had66 words
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Article60 1992-08-15 1 WALL STREET stock priccs opened slightly higher in early trading yesterday, with a cautious mood prevailing once again on Wall Street. The Dow Jones Average, which fell 7.56 points in the previous session, was up 4.05 at 3,317.32 in the first hour of trading. Big Board volume totalled60 words
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Article43 1992-08-15 1 SHARE PRICES on the London Stock Exchange were higher at midday yesterday as traders reacted to indications that inflation is under control in Britain. At 1200 GMT, the FTSE 100-Share Index was up 20.6 points, or 0.89 per cent, at 2,338.6.43 words
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Article, Illustration29 1992-08-15 1 Friday Change BT-MGA 649.26 -15.94 Kuala Lumpur 581.94 -10.24 Tokyo 14,820.25 +52.08 Hongkong 5,822.59 -34.52 Sydney 1,549.0 -19.4 Thunday Change New York 3,313.27 -7.56 London 2,318.0 +14.929 words
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Article22 1992-08-15 1 Exchange rates US$ SS 1.6090 100 Yen SS 1.2765 MS SS 0.6439 Money market rates Overnight 2-3/4 +1-7/8 3-montn 2-1/4 +1/822 words
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Article36 1992-08-15 1 London Go4d AM fix US$336.00 -US$3.25 Rubber S'pore Sep 143.50*/kg unch M'sia Sep 2l9.50*/kg -jO.SO KL Tin Turnover 56 tonnes +29 Spot M$l7.04/kg +0.04 Crude patm oil Turnover 670 lots +247 Sep M$833 /tonne -I36 words
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Article, Illustration569 1992-08-15 1 S N Vasuki - Underwriting and market-making limits raised substantially Reports by S N Vasuki SINGAPORE The Stock Exchange of Singapore (SES) has substantially raised the underwriting and marketmaking limits of stockbroking firms in a move that is widely seen as preparing the ground for a spate569 words
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357 1992-08-15 1 SINGAPORE Singapore's financial regulators will soon be implementing measures to provide for more effective consolidated supervision of the overseas branches and subsidiaries of domestic financial institutions, Finance Minister Dr Richard Hu said yesterday. The measures which fall in line with recommendations357 words
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436 1992-08-15 1 Lilian Ang - By Lilian Ang SINGAPORE The government is allowing nearly 10 per cent more foreign workers to be recruited for the booming construction industry but only for Housing and Development Board (HDB) contracts. A surprise announcement yesterday from the Ministry of National436 words
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Article, Illustration444 1992-08-15 1 Amy Balan - Heavy selling by foreign fund managers By Amy Balan SINGAPORE FOREIGN fund managers dumped Singapore stocks for the third time this week sending the benchmark Straits Times Industrials Index to its lowest level in a year. The STII plunged 46 points to the day's lowSource: Bridge Info - 444 words
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Page 1 Advertisements
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Advertisement171 1992-08-15 1 Nikon ThtWMd'iFlnut Photographic System. COVER Is the S'pore executive overworked? EL 1 Chuan Hup results MARINE-BASED Chuan Hup Holdings Ltd yesterday posted better-than-expected results with group earnings rising 46 per cent to $13.03 million. Turnover for the year ended June 30, 1992 expanded 12 per cent to $68.85 million, up171 words
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Advertisement11 1992-08-15 1 I OPINIONS Moral values survey: sending wrong signals EL 2 u11 words
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Advertisement9 1992-08-15 1 VIEWPOINT Talking to Glaxo's Sir Paul Girolami el 39 words
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Advertisement114 1992-08-15 1 PURSUITS Hornbill crusader el 6 Splendours of jade el 6 ViSt/F VNh.l^HCi^H ®T -Affil^l r Vm yiSI K^RHnai SINGAPORE: THE HOUR GLASS Lucky Plaza Tel: *****20/1 Scotts Tel: *****27/7198 Centrepoint Tel: *****98/603 Peninsula Plaza Tel: H*****/3 <***** Palais Renaissance Tel: *****62/543 Raffles Tel: *****41 Changi Airport Terminal 1 (East&West Wings)114 words
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Advertisement31 1992-08-15 1 Nikon •n»*brtd'«Rntt Photographic •yrtwi. PURSUITS The Jews of HjHlif Singapore el 7 In the Queen's garden el 7 —&8i Hock Lock Siew: Is 'Duta' Yap waiting in the wings? Pg dr31 words
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Advertisement23 1992-08-15 1 FINANCE 1 Loan stocks and bonds els Market star-watch el*; LSD searches Business Times newsroom, Pg 2 Will the bears take o*ef? ELB23 words
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PAGE 2 NEWS
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Article, Illustration474 1992-08-15 2 Chuang Peck Ming - He warns of difficult times ahead if wrong turning is taken By Chuang Peck Ming SINGAPORE Singaporeans have to decide now whether to take the soft or the hard options in shaping their future. Prime Minister Goh Chok Tong said last night.474 words
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SINGAPORE ROUNDUP
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Article, Illustration75 1992-08-15 2 THE Vice-Premier of China's State Council, Yao Yilin (centre), arrived in Singapore yesterday for a four-day official visit. Mr Yao and his delegation were received by their host, Deputy Prime Minister and the Minister for Trade and Industry, BG Lee Hsien Loong (left). Mr75 words
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Article51 1992-08-15 2 A FERRY bound for Sekupang on Batam Island had to turn back to the World Trade Centre ferry terminal about spm yesterday after an engine-room blast which slightly injured a crew member. There were no injuries among the 50 passengers on the vessel, the Auto Batam51 words
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69 1992-08-15 2 A JAPANESE expert in energy-saving technology will visit Singapore to offer advice to companies in the plastics industry. Masaaki Minamimura, systems engineering department manager of Nissei Plastic Industrial Company Ltd, will be here for six days from Aug 20 to conduct a seminar. His visit69 words
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Article53 1992-08-15 2 SINGAPORE Cablevision (SCV) has reached agreement to provide the 24-hour news service CNN International to several top hotels from Oct 1. They are: Hyatt Regency, ShangriLa, The Regent, The Oriental and Royal Holiday Inn Crowne Plaza. Sheraton Towers and Raffles Hotel have already signed up53 words
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Article, Illustration85 1992-08-15 2 THE Housing and Development Board and the Real Estate Developers' Association of Singapore (Redas) are jointly organising a conference and exhibition on housing design at Raffles City from Sep 24-27. The event the first between public and private developers will provide a forum for new85 words
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Article, Illustration333 1992-08-15 2 SINGAPORE Work on the Bank of China's proposed $100 million office tower in Battery Road gathered pace yesterday with the main construction work scheduled to begin in July next year. Parts of BoC's present headquarters, which comprise a 17-storey333 words
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353 1992-08-15 2 But pact should not create protectionist bloc: ministry SINGAPORE The Singapore government has endorsed the move towards regional trade liberalisation under the North American Free Trade Agreement (Nafta), provided it "is consistent with Gatt and does not create a protectionist trading bloc". A statement353 words
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254 1992-08-15 2 Joseph Rajendran - By Joseph Rajendran SINGAPORE US-based venture capital firm Hambrecht Quist (H&Q) has invested in a Singapore-based printing and distribution company, World Publications Holdings. The investment, which "constitutes a substantial portion of the company's equity", will be used to fund part of the254 words
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473 1992-08-15 2 Reuter TOKYO Technology, economic recovery and a throng of new users will pull Japan's personal computer (PC) industry out of its slump next year, and should spark a new boom in one of the world's youngest markets, analysts say. Japan's PC industryReuter - 473 words
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Article, Illustration131 1992-08-15 2 SINGAPORE THE first stretch of a 300-km Park Network System (PNS) which will eventually link major parks and nature reserves across the island has been completed. This first phase, connecting Braddell Road to Bishan Park, was launched yesterday by National Development MinisterSource: - 131 words
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212 1992-08-15 2 SINGAPORE The Internal Security Department on Thursday morning searched the Business Times newsroom in connection with a BT report on June 29 about the second quarter economic performance. The ISD said it was conducting an investigation under Section 5 of the Official Secrets Act.212 words
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472 1992-08-15 2 Reuter WASHINGTON Global trade in toxic wastes is skyrocketing as companies try to avoid regulations and steep costs in some countries by dumping their poisonous garbage in others. The US is one of the biggest exporters of industrial wastesReuter - 472 words
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Page 2 Advertisements
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Advertisement75 1992-08-15 2 The Straits Times. 1 ho Siiiulux I lines Busme 1 Ik' New Barer Berita 11 /aol 10 Hi /.;u Hi Ilk /aol Ilk Ihc ZiioBij Ih I Ik Nov 10R Ih I h /aoBao sS inS'"® SsSBfe; Cusw 10 1 Bn linos LianHe WanBao Shin Mm I ink's Mill k'75 words
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COMPANY NEWS 1
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432 1992-08-15 3 Dexter Lee - Results underpinned by associates' contributions By Dexter Lee SINGAPORE Underpinned by sharply higher contributions from associate companies, marine-based Chuan Hup Holdings Ltd yesterday posted better-than-expected full-year results with group earnings rising 46 per cent to $13.03 million. This works out to earnings of432 words
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Article, Illustration396 1992-08-15 3 Joseph Rajendran - By Joseph Rajendran SINGAPORE About a third of the 5.67 million shares offered two weeks ago by main board aspirant Clipsal Industries have been allotted to applicants seeking less than 2,000 units. Clipsal managing director Victor Lo said yesterday the396 words
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Article562 1992-08-15 3 Leslie Lopez - THE HOCK LOCK SIEW COLUMN Mycom-Olympia proposal just another gamble for shareholders By Leslie Lopez KUALA LUMPUR The proposal by Mycom Bhd, an associate of Malaysia's diversified Hong Leong Group, to inject its gaming unit into Olympia Industries Bhd for Mss2o million (SS33B million) is562 words
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227 1992-08-15 3 Dawn Tan - By Dawn Tan SINGAPORE Buoyant short-term trading lifted the interim earnings of closed-end fund General Securities Investments Ltd 203.9 per cent to $1.94 million. The DBS affiliate also registered a healthy surplus of $6.5 million on long-term investments, compared with just $218,000 in 1991227 words
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127 1992-08-15 3 Bernama KUALA LUMPUR Shareholders of Matsushita Electric Company Malaysia Bhd were urged yesterday to vote in favour of the company's proposed bonus issue. The company's adviser, Commerce International Merchant Bankers Bhd, in a circular to shareholders here, said the proposed bonus issue wasBernama - 127 words
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233 1992-08-15 3 Bernama KUALA LUMPUR UMW Holdings Berhad has announced a 16.4 per cent drop in group net earnings to M 545.64 million (5529.4 million) for the six months ended June 30, 1992, from M$ 54.62 million in the previous correspondingBernama - 233 words
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230 1992-08-15 3 Bernama KUALA LUMPUR Edaran Otomobil Bbd (EONX the sole distributor of the national car, has posted a marginal drop in group earnings for the six months ended June 30, 1992, due to a slight drop in demand for Proton Sagas. EON said in a statementBernama - 230 words
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COMPANY BRIEFS
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91 1992-08-15 3 KUALA LUMPUR Genting International Bhd, which has just completed the construction of an industrial-grade paper manufacturing mill in Kuala Langat, is to construct a Msloo million (5564.4 million) duplex board recycling plant as its next phase of development. Chairman Lim Goh Tong said91 words
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Article106 1992-08-15 3 KUALA LUMPUR Antah Holdings Berhad yesterday said its earnings per share (EPS) would not be immediately affected upon completion of its proposed disposal of 12 million ordinary shares of Msl each in AMMB Holdings Bhd. It told the Kuala Lumpur Stock Exchange (KLSE) that106 words
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Article62 1992-08-15 3 KUALA LUMPUR The Kuala Lumpur Stock Exchange (KLSE) said yesterday that Trenergy (Malaysia) Bhd's entire issued and paid-up share capital comprising IS million ordinary shares of Msl each would be admitted to the official list of the exchange. The listing and quotation of the62 words
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Article42 1992-08-15 3 KUALA LUMPUR Rating Agency Malaysia Bhd has accorded Uniphoenix Corporation Bhd's (UCB) proposed issue of M 5104.14 million redeemable unsecured loan stocks a "BBB3" rating. UCB's bond issue has a coupon rate of 5 per cent per annum.42 words
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270 1992-08-15 3 Genevieve Cua - By Genevieve Cua SINGAPORE Contract manufacturer PCI Ltd, listed on Sesdaq in May, yesterday unveiled a rosy set of results for the year ended June, streaking past projections in its listing prospectus. Net earnings nearly tripled to $9 million, from $3.2 million in270 words
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COMPANY BRIEFS
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73 1992-08-15 4 BEIJING China's State Council, or Cabinet, has criticised two provinces and two cities for violating securities regulations, the New China News Agency said yesterday. The Cabinet published circulars from the People's Bank of China and the State Planning Commission saying Anhui and Jiangsu provinces73 words
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Article70 1992-08-15 4 NEW YORK A group led by Loral Corp late on Thursday won a bankruptcy court auction for LTV Corp's missile and aerospace divisions, topping a competing bid from Martin Marietta Corp. At a hearing, US bankruptcy judge Burton Lifland awarded the divisions to Loral, which70 words
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Article46 1992-08-15 4 LONDON WPP Group pic, one of the world's biggest advertising groups, on Thursday said pre-tax profit tumbled to £1.82 million (555.46 million) in the first half of 1992 from £16 million ($30.8 million) a year earlier due to heavy charges for restructuring.46 words
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Article, Illustration48 1992-08-15 4 MEXICO CITY An attendant filled up a car on Thursday at a Petroleos Mexicanos (Pemex) station. The Mexican government refused to open up Pemex to foreign or private investment as part of a North American free trade accord with the US and Canada.48 words
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Article49 1992-08-15 4 AUCKLAND Legal delays in the flotation of Carter Holt Harvey Ltd's fishing unit, Sealord Products, are not hurting the parent financially, CHH said. "It's not hurting CHH... it (Sealord) is doing so well," CHH deputy managing director Wilson Whineray told a news conference yesterday.49 words
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Article, Illustration400 1992-08-15 4 Catherine Ong - Coopers Lybrand partner named inspector for five companies From Catherine Ong in HONGKONG MALAYSIAN tycoon Lee Ming Tee's Allied group is being investigated for possible breach of Hongkong's takeover and securities regulations, and alleged improper inter-companies' dealings going back to January400 words
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417 1992-08-15 4 Reuter NEW YORK Michael Schulhof, vice-chairman of Sony USA, said on Thursday that he expected the company's total electronics business to be flat in the first quarter ended June 30 and that he was "cautiously optimistic" for the year. HeReuter - 417 words
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288 1992-08-15 4 FT BONN Lufthansa, the struggling state-controlled German airline, has prepared a cost-cutting package designed to eliminate losses and prepare it for privatisation. Confirming a pre-tax deficit of 542 million deutschemarks (***** million) for the first six months of this year, the airline saidFT - 288 words
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Article, Illustration301 1992-08-15 4 AFP PERTH The Western Australian government has ruled out any prospect that Hongkong casino tycoon Stanley Ho is about to gain an interest in Perth's thriving Burswood Resort Casino. The acting director of the government-administered office of Racing andAFP - 301 words
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316 1992-08-15 4 FT LONDON Hanson, the Anglo-American conglomerate, on Thursday reported a 21.2 per cent fall in pre-tax profit for the nine months to June 30 as the economic climate affected both sides of the Atlantic. The fall in profit, from £967 million (SS3FT - 316 words
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573 1992-08-15 4 MARKET TALK Big names in industry attracted by promise of growing market AFP BOMBAY A flurry of tie-ups between foreign and domestic car makers is under way following the partial liberalisation of the Indian economy and the proposed delicensing of its passenger carAFP - 573 words
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Page 3 Advertisements
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Advertisement182 1992-08-15 3 Hongkong lower 13 Australia tumbles 14 ETON HALL, Singapore (Boarding Facility for Foreign <4 Local Students) Situated in lush, green tranquil H surrounding in Alexandra Park, this 44,000 '|l sq. feet building can house 160 male A ft ifl female boarders from ages of 10 years u P warcls Full182 words
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Page 4 Advertisements
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Advertisement148 1992-08-15 4 OVER 40,000 PEOPLE WITH AN PROPERTY CLASSIFIED AD FOR Only on Shine SPH's On-Line Information Network on Teleview Target your property ads at over from 6am right up till 12 midnight)! 40,000 middle to upper income So the next time you call C.A.T.S. to Singaporeans with the latest electronic place148 words
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FINANCIAL NEWS
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285 1992-08-15 5 Kooi Cho Teng - Energy operations taken over by Prudential-Bache By Kooi Cho Teng SINGAPORE UK-based broker Czarnikow Futures Pte Ltd (Czarnikow) is being wound up and its energy operations taken over by Pru-dential-Bache Securities Asia Pacific. Czarnikow's local chairman Alan Wood said yesterday: "The closure is part285 words
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335 1992-08-15 5 Reuter WASHINGTON The Securities and Exchange Commission (SEC) on Thursday proposed distributing to investors more than US$56 million (Ss9o million) in penalties collected in the in-sider-trading scandals of the 1980s. The proposal, submitted to a federal court in Manhattan, wouldReuter - 335 words
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Article, Illustration349 1992-08-15 5 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE The worst is over for the world economy. And a gradual recovery in the US in the next 12 months will prevent the European economies from sliding into recession, a visiting Swiss banker said here yesterday. Dr349 words
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Article347 1992-08-15 5 Banks to be allowed to deal directly with Chinese counterparts Reuter TAIPEI Taiwan, easing restrictions on economic ties with China, has drafted regulations which will allow local banks to deal directly with Chinese counterparts, government officials said. The regulations will permit overseas branches of TaiwaneseReuter - 347 words
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258 1992-08-15 5 Reuter SEOUL South Korea's Finance Ministry said yesterday that a proposed relaxation in foreign exchange management regulations would go into effect from Sep 1, to internationalise and modernise its financial and capital markets. Domestic companies will be allowed to raise funds overseasReuter - 258 words
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SMALL CHANGE
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69 1992-08-15 5 TOKYO Japanese banks and other financial institutions are stampeding local governments and other public bodies with offers to tempt them to buy land and property, but they are having little success, the Nihon Keizai said yesterday. Due to the crisis in the69 words
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Article55 1992-08-15 5 DHAKA The collapsed Bank of Credit and Commerce International (BCCI) is set to start operating again in Bangladesh on Sunday under a new name, Finance Ministry sources said. They said the Bangladeshi branch of the BCCI, renamed Eastern Bank Ltd, would function independently "with all55 words
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86 1992-08-15 5 LONDON Financial institutions in the City increased their contribution to Britain's net overseas earnings by 12.8 per cent in 1991 from the figure one year earlier, mainly through increased investment income, a trade group said on Thursday. But performance varied in the securities and insurance86 words
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Article62 1992-08-15 5 WELLINGTON National Australia Bank Ltd (NAB) has been cleared by New Zealand's anti-trust Commerce Commission for the takeover of Bank of New Zealand (BNZ). The commission said in a statement the takeover would not jeopardise effective competition among banks. BNZ and NAB together had about62 words
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Article32 1992-08-15 5 NEW YORK Citibank has launched its long-awaited commercial paper programme backed by credit card receivables with a U*****.8 million (Ss2l7 million) fixed-rate offering via Salomon Brothers Inc, underwriters said.32 words
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244 1992-08-15 5 Reuter LONDON Members of Lloyd's of London facing personal financial ruin from huge insurance losses demanded chairman David Coleridge quit now to allow an "enlightened outsider" to take over the job as early as October. Society of Names leader Tom Benyon told aReuter - 244 words
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Article, Illustration464 1992-08-15 5 DBS Bank weekly currency review US$/DM: bears reunited? THE RANGE trading seen in USS/DM last week gave way to renewed selling last Friday when the US dollar broke through the 1.4700 level, trading to a low of 1.4630 before closing the week at 1.4670. Central464 words
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399 1992-08-15 5 Reuter AUCKLAND HongkongBank is continuing to expand its presence in New Zealand while many other foreign banks have either left or are scaling down, the bank's local marketing manager said yesterday. "Some of those are international banks, so that really leaves us in aReuter - 399 words
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Page 5 Advertisements
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Advertisement151 1992-08-15 5 BUS I. NE S S T I M E S Toll free Tel No 737 0Q43 Fax No; 734 3698 SALES MANAGER, SINGAPORE INDUSTRIAL INSTRUMENTATION i $60,000 PACKAGE (NEG) I This Company is a recognised leader internationally in the manufacture and distribution of high quality Electronic Instrumentation to Industrial Process151 words
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THE REGION
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NOTE BOOK
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79 1992-08-15 6 HANOI Vietnam published a new law in official newspapers yesterday introducing the communist government's first tax on land use and housing, as part of a drive to boost state revenue and build a modern system of taxation. The daily newspapers said the79 words
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Article, Illustration43 1992-08-15 6 MANILA A boy clinging to the back of an ox-driven cart carrying various Philippine handicrafts as it passed by a Manila highway yesterday. Traders like him peddle their wares to different cities and towns around the country.43 words
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51 1992-08-15 6 KOTA BARU The ruling fundamentalist Islamic party in Kelantan pledged yesterday to push ahead with Islamic laws that prescribe stoning, whipping and amputations despite federal opposition. "We cannot compromise on this because Islam is the very basis of our struggle," said Parti Islam president Fadzil51 words
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Article56 1992-08-15 6 WELLINGTON New Zealand's unemployment rate has dropped by 10,000, the Statistics Department said yesterday. The department's household labour force survey put the number of unemployed in June at 163,000, down from 173,000 in March. This amounted to 10.1 per cent of the total labour force, down56 words
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282 1992-08-15 6 Official inquiry criticises two outdated laws Reuter BANGKOK Thai army commanders showed poor judgement and over-reacted in ordering the suppression of pro-democracy demonstrations in May, a governmentappointed investigation team has concluded. The inquiry team criticised two laws that had allowed the army to "abuseReuter - 282 words
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213 1992-08-15 6 Reuter PHNOM PENH A Khmer Rouge threat of violence against Vietnamese settlers in Cambodia is a dangerous development which exploits traditional animosity between the two peoples, a senior Phnom Penhbased diplomat said yesterday. Khmer Rouge president Khieu Samphan, in an interview in theReuter - 213 words
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258 1992-08-15 6 AFP JAKARTA Indonesian President Suharto, as the upcoming chairman of the NonAligned Movement (NAM), will propose that donor countries write off the debts of the world's poorest countries, a journalist said after a rare interview with him on Thursday. "The presidentAFP - 258 words
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373 1992-08-15 6 AP MANILA An order by Philippine President Fidel Ramos to expand the intelli-gence-gathering role of a once obscure agency is raising fears of a return to the "big Brother" repression of this country's dictatorial past. Three days before the new Congress convenedAP - 373 words
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SHIPS IN PORT
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Article260 1992-08-15 6 aa^oiniin' Vessel Voy Nd Berth Arrival Oepartue Marina Terminal 1 Baton Murm *****2 M04 alongside 1508/0500 Syahputra *****2 M05 alongside 1508/2300 Batamindo 2 2030S M01 14.08/1900 1508/0300 Marina Terminal 2 rw Pasir Panjang Terminal Chang Aifc 9202 P096 alongside 15.08/1200 Este Fresco 1 P09A alongside 16.08/0600 Ganh260 words
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Article1750 1992-08-15 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinc/Babncc Rats Ship Voy No Etb/Btr Period From To From ACX Jade 98A 16/0700 1 14/1500 14/1659 14/1900 2 14/1700 15/0659 15/0900 3 15/0700 15/1159 15/1400 M ihsaa C9212W 17/1900 2 14/1700 15/0659 15/0900 3 15/0700 15/1159 15/1400 41,750 words
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THE WORLD
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Article, Illustration358 1992-08-15 7 Govt report suggests forecast may not be met FT BONN The growing strength of the deutschemark and unease about international growth prospects has shaken Germany's confidence that the domestic economy will regain momentum later this year. The government stands by its official forecastFT; Source: TeleTrac - 358 words
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533 1992-08-15 7 FT LONDON Unemployment in Britain rose to a five-year high last month but a slight second-quarter increase in manufacturing output encouraged government hopes of a feeble recovery from recession. The Department of Employment reported that unemployment increased for the 27th consecutive monthFT - 533 words
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Article, Illustration363 1992-08-15 7 NEW DELHI India is prepared to take tough decisions in order to keep its economic reform programme on course, Dr Manmohan Singh, the Finance Minister, said on Thursday. In an interview with the Financial Times, Dr Singh said the government wanted363 words
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424 1992-08-15 7 FT NEW DELHI Japanese investors are aware of India's economic reforms but fear bureaucrats will slow down their implementation, a leading Indian businessman says. In a letter to Prime Minister Narasimha Rao, Indo-Ja-pan Joint Business Council chairman Bharat Ram said large JapaneseFT - 424 words
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277 1992-08-15 7 AFP WASHINGTON US President George Bush has ordered the Defence Department to offer to provide air transport for 500 United Nations guards being sent to Somalia, the White House said on Thursday. White House spokesman Marlin Fitzwater said that theAFP - 277 words
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WORLD WATCH
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86 1992-08-15 7 MOSCOW Some 3,000 troops of the Georgia National Guard were yesterday awaiting orders to "neutralise" opposition forces holding a Georgian Cabinet minister and 10 others hostage, Itar-Tass reported. The Georgian independent Iprinda news agency said two local politicians from the west Georgian town of86 words
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Article82 1992-08-15 7 LONDON British security services believe they have smashed a plot by Irish republican guerillas to stage a major bombing blitz on London. Police yesterday were questioning at least five suspects held under the Prevention of Terrorism Act after swoops in which a "very large-82 words
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Article54 1992-08-15 7 BAGHDAD A United Nations (UN) arms team returned to Baghdad yesterday after three days of hunting for Iraq's military secrets outside the city and said everything was going according to plan. "It was normal inspection activities," UN team leader Nikita Smidovich told reporters after returning54 words
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Article64 1992-08-15 7 SEOUL Hundreds of students hurling firebombs and swinging steel pipes fought with riot police yesterday in an anti-government protest on a university campus. More than 1,000 riot police armed with shields and batons fired tear gas at the students, who were participating in a six-day64 words
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63 1992-08-15 7 TOKYO Japan's population was 123.59 million at the end of March, up 0.35 per cent from a year earlier, the Home Affairs Ministry said yesterday. The figures show that more people are leaving rural areas and moving to big cities. The combined population of Tokyo, Osaka63 words
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331 1992-08-15 7 AFP BEIJING China's nascent commercial space programme got a boost yesterday with the successful launch of an Australian telecommunications satellite aboard a Long March 2E carrier rocket. A 50-metre two-stage rocket blasted off at 2300 GMT Thursday above a plumeAFP - 331 words
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Article, Illustration89 1992-08-15 7 HOUSTON, Texas After the Democrats, now it is the Republicans' turn to wrap themselves in red, white and blue. Plant designer Daniel Saparzadeh puts the finishing touches on an elephant sculpted of green plants which will greet visitors arriving for the Houston Convention of the Republican Party at89 words
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Article, Illustration379 1992-08-15 7 Eagleburger's special focus has been on Haiti and Yugoslavia FT WASHINGTON Lawrence Eagleburger, known to all as Larry, does not exactly fit the popular image of a US Secretary of State, forever on shuttle diplomacy, smoothly speaking in subtle nuances, andFT - 379 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration2926 1992-08-15 8 Sylvia Wong - By Sylvia Wong FOREIGN institutions resumed their sell orders with renewed fervour that sent the Straits Times Industrials Index plunging by 36.81 points yesterday. The index settled at 1,337.95 after a week of dizzying falls which brought the STII below the2,926 words
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Article, Illustration70 1992-08-15 8 Quak Hiang Whai - Quak Hiang Whai ON THE MONTHLY and weekly charts, Overseas Union Bank is sitting on price trend lines, with support at $4.60. A decisive break below that level could herald a sharp fall, probably towards $4.20 at first, then $3.75. However, if the current support holds, the dailySOURCE: BRIDGE INFO - 70 words
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Article2942 1992-08-15 9 Roth Inds 50« 520 +15 +3.0% Alliance Tech 79 7 +9.7% BAT 21* 615 +5 +0.8% Semb Maritime 224 +5 +2.3% Singatron 20« 64 +3Vj +5.8% OU Securities 143 +3 +2.1% Tat Lee Finance 162 +3 +1.9% Ellech 25* 53V. +2 +3.9% Goldtron 20« 61+22,942 words
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Article2899 1992-08-15 10 Esso 50* 420 2 0.5% M Cement 50« 264 +1 +0 4% Renong Bhd 50* 50Vi fVi +10% Renong Bhd 50* 50Vi +10% fVi Esso 50« 420 +0.5% +2 M Cement 50* 264 +0.4% Gentings SO" 760 -40 -5 (m MISC Foreign 408 -22 -5.1*2,899 words
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Page 10 Advertisements
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Advertisement87 1992-08-15 10 FOR SUCCESSFUL MANAGEMENT OF YOURBU||NESS 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 the competitive edge. Plus an occasional look at successful87 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5412 1992-08-15 11 Bernama SHARE PRICES in Kuala Lumpur tumbled like tenpins to close easier across the board with the key barometer losing about 1.7 per cent on heavy index-linked selling. Dealers said the local market reacted to a major sell-off by a US fund in Singapore,Bernama - 5,412 words
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CHINA STOCK EXCHANGES
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Article, Illustration369 1992-08-15 12 CONFIDENCE continued to build in the domestic market yesterday with both A share markets closing higher. In Shanghai, First Pencil A shares closed 280 per cent above their issue price of RMB4O. The debut is in line with the recent A share listings369 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration925 1992-08-15 12 JAKARTA share prices closed lower in dull trade in yesterday's usual half day session, brokers said. The Official Index fell 0.35 points to 310.26 on turnover of 2.05 million shares. "It is a dull market, with everyone just looking forward to the925 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration1697 1992-08-15 12 Reuter BANGKOK share prices finished slightly lower yesterday as losses in property and bank counters pushed the stock index to a lower close. The SET Index ended 1.78 points lower at 754.48 on a moderate turnover of 6.58 billion baht. Decliners led advancersReuter; Source: Bridge Info - 1,697 words
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Page 12 Advertisements
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Advertisement55 1992-08-15 12 II I I 111 I I ■I 1 I lI■I I I 111 ■111 Find out in 111 IHIH I I I I I r I I■ I I■! VI I I Personal Investment and Finance. II I I I I 1 H 111 |I I I I I I55 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2535 1992-08-15 13 Reuter TOKYO STOCKS closed modestly firmer yesterday but off their day's highs in a technical rebound. The market saw some active targetting of individual issues, but overall sentiment remained flat and most investors were absent for the traditional Obon summer holiday season, brokers said.Reuter - 2,535 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2435 1992-08-15 13 Reuter HONGKONG shares closed lower on late selling sapped mainly by weakness in Hang Seng Bank due to disappointing results announced after yesterday's close. The blue-chip Hang Seng Index slipped 34.52 points to 5,822.59, while the broader All Ordinaries Index fell 21.61 to 3,122.55.Reuter - 2,435 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2102 1992-08-15 14 Reuter AUSTRALIAN shares closed sharply lower yesterday as concern about a sell-off in New York combined with pre-Budget jitters to unsettle the market. "There was a key reversal on Treasury bonds in New York and people are worried it may continue tonight," aReuter - 2,102 words
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REGIONAL STOCK MARKETS
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Manila market firms on aggressive buying
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Article794 1992-08-15 14 SEOUL'S sick stock market continued to probe negative ground with the index sliding 9.35 points to a 4Vi-year low of 478.90 as discouraged investors re- mained sidelined, brokers said. Fears that an extra won liquidity squeeze looms in order to soak up a higher-than-expected rise in money supply earlier794 words
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Article332 1992-08-15 14 THE NEW ZEALAND sharemarket ended the week sharply lower, dragged by Fletcher Challenge, which continued its downward spiral with a 19-cent fall. The NZSE-40 Index closed 22.85 points down at 1,471.31. Of total volume worth NZ$3O.2 million, Fletcher made up NZ512.71 million. "Another day dominated by Fletcher... it's332 words
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Article601 1992-08-15 14 AGGRESSIVE buyers in Manila snapped up shares yesterday and aborted attempts at profit-taking in the last half-hour of trade on the third straight day of a market surge. It was the third consecutive day that composite indices closed more than 20 points higher. The Manila Stock Exchange Index climbed601 words
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Article509 1992-08-15 14 TAIWAN STOCKS ended higher on a technical rebound and strong construction shares. Brokers said sentiment was recovering, but the outlook would depend on turnover levels and the performance of foreign markets. The Weighted Index finished 21.56 points higher at 3,914.90. Turnover was a thin NTS 18.07 billion against Thursday's509 words
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Article48 1992-08-15 14 CVmc Prrrkxa A«g 14 NEW ZEALAND NZSE-40 Capital 1,471.31 1,494.16 -22.85; MANILA Composite Index 1,520.17 1,491.46 2I.Hi Turnover (mil pesos) 419.23 289.8+129.43; TAIPEI Weighted Price Index 3,914.90 3,893.34 +21.56 Turnover (NTS billion) 18.07 17.5 +0.57; SEOUL Composite Stock Index 478.90 488.25 -9J5. Turnover (billion won) 89.95 105.34 -1&39>48 words
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Page 14 Advertisements
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Advertisement12 1992-08-15 14 The Bombay Stock Exchange was closed for a Hindu holiday on Thursday.12 words
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WORLD STOCK MARKETS
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US stocks extend slide to third day
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Article, Illustration1479 1992-08-15 15 r*?JEW YORK stocks extended their slide to a third day on Thursday in moderate trading as a late sell-off in bonds derailed an opening rally that wjcs sparked by a string of positive economic news. The Dow Jones Industrial Average lost 7.56 points to 3,313.27. lUe New York1,479 words
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Article, Illustration807 1992-08-15 15 LONDON SHARE prices recovered from earlier lows to close up on Thursday after publication of a 0.1 per cent improvement in industrial production in June from the May figure, following a one per cent fall the month before. The recovery was particularly welcomed in the City, coming after the807 words
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Article240 1992-08-15 15 DUTCH SHARES closed mixed on Thursday as option-related short-cover-ing put an end to a three-day streak of clear losses, but sentiment remained shaky, dealers said. The EOE Index finished down 0.73 points at 281.04. KLM Royal Dutch Airlines shed 1.30 guilders to 27.70 after the Dutch flag carrier reported240 words
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Article164 1992-08-15 15 THE CAC-40 Index of leading French shares fell for a seventh session running on Thursday and set a new closing low for 1992, its lowest close for seven and a half months. The index finished 7.69 points down at 1,722.36. It last closed lower on Dec 27, 1991 at164 words
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Article197 1992-08-15 15 SHARE PRICES in Frankfurt fell to the third successive lowest point this year with a fall of 0.80 per cent to 1,540.98 points on Thursday. The Commerzbank Index fell one per cent to 1,716. The Dax was last at these levels during the attempted coup in Moscow in August197 words
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Article184 1992-08-15 15 ITALIAN SHARES closed the last session of the August account broadly lower on Thursday, driven down by technical factors and a weak bond market in a session disrupted by technical failures. A five-minute power blackout at the bourse caused a two-hour long failure of the screen market, delaying trade184 words
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Article234 1992-08-15 15 SWISS SHARES closed slightly lower on Thursday, but off earlier lows, repeating the pattern of recent sessions. At the close, the SPI All-Share Index was down 6.4 points to 1,117.5. The SMI Index of leading shares stood at 1,784.8, down 8.8 points. After dropping sharply at the open on234 words
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Article122 1992-08-15 15 SWEDISH SHARES ended mixed on Thursday, after hitting a new year-low but some investors saw hopes of buoyancy ahead. The Bourse All-Share Index fell 0.16 per cent to 804.54. The Top-16 Index rose 0.48 per cent. Turnover was moderate at 435 million kroner. "The market wanted a rebound to122 words
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Article157 1992-08-15 15 A HIGHER OPENING on Wall Street fuelled Belgian shares in the last 30 minutes of Thursday's trading to wipe out most of the day's losses. The Bel-20 Index of leading shares closed down 2.21 points at 1,090.26. Trading was busy with some 1.02 billion francs worth of Belgian shares157 words
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Article463 1992-08-15 15 BLUE CHIP stocks in Johannesburg bounced off lows and were seen making a turn for the better in steady trade on Thursday following an earlier two per cent fall, dealers said. "We have seen buying orders coming in, but it's still selective and limited to the usual blue chip463 words
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Article312 1992-08-15 15 A LATE SELL-OFF in US Treasuries knocked 10 points off Toronto stocks in the last hour of trade, dealers said. Gold shares were hammered for the second straight day and banks suffered from heavy selling late in the day, they added. The TSE 300 Composite Index closed down 17.30312 words
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Article117 1992-08-15 15 Aug 13 Close Previous NEW YORK Dow Jones 3,313.27 3,320.83 -7.56 SAP 500 417.73 417.78 -0.05 Turnover (million) 185.75 177.04 +8.71 LONDON Financial Times 30 1,722.2 1,715.3 +6.9 FTSE 100 2,318 0 2,303.1 +149 Turnover (million) 439.7 406 33.7 FRANKFURT DAX Index 1,540.98 1,553.01 -12.03 AMSTERDAM EOE Index 281.04 281.77117 words
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Page 15 Advertisements
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Advertisement7 1992-08-15 15 Advertising Marketing in Business Times every Thursday7 words
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CURRENCY, MONEY & FUTURES MARKETS
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1194 1992-08-15 16 REPORTS ASIA TOKYO: The dollar ended lower against the yen yesterday due partly to a mid-afternoon flurry of stop-loss mark selling for yen. But the dollar remained firm against the mark on lingering fears over joint intervention overseas. The yen,1,194 words
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299 1992-08-15 16 Reuter NEW YORK The US Treasury's US$36 billion securities sale proved a stunning success when the market snapped up the last of three issues on Thursday, but the market's mood quickly soured on talk of lower taxes inReuter - 299 words
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Article1531 1992-08-15 16 SIMEX EUWOOOilAO Open High Low Sett Est Vol Act/Vol Op/Int Sep 92 96.60 96.58 96.58 3000 2468 ***** Dec 92 96 34 96.36 96.33 96.33 8300 5706 ***** Mar 93 96 2 7 96.29 96.27 96.28 6300 4146 ***** Jun 93 95.97 96.00 95.97 95.99 3500 2146 43291,531 words
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Article375 1992-08-15 16 Cross rates USS SS MS Dm Yen SFr AS NZS USS 1.6095 2.4990 1.4570 126.60 0.5179 1.3110 1.3908 1.8553 SS 0.6213 1.5527 0.9053 78.6580 0.3218 0.8145 0.8641 1.1527 MS 0.4002 0.64 0.5830 50.6603 0.2072 0.5246 0.5566 0.7424 Dm 0.6863 1.1047 1.7152 86.89 0.3554 0.8998 0.9546 1.2734 Yen375 words
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Article534 1992-08-15 16 Interbank rates S$ Bid Offer Overnight 2 3/4 3 1-month 2 1/16 2 3/16 2-month 2 1/8 2 1/4 3-month 2 1/4 2 3/8 Overnight mode: 1/2 USS Bid Offer 7 days 3 5/16 3 7/16 1 month 3 5/16 3 7/16 2 months 3 5/16 3 7/16534 words
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Page 16 Advertisements
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Advertisement7 1992-08-15 16 Innovation Technology in Business Times every Tuesday7 words
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COMMODITIES
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348 1992-08-15 17 Reuter KUALA LUMPUR Asian rubber producers and traders welcome renewed purchasing by the International Natural Rubber Organisation (Inro) after an eight-month break but say the buying is unlikely to boost sagging prices. Excess supply and a production peak in South-eastReuter - 348 words
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249 1992-08-15 17 Reuter JOHANNESBURG Diamond giant De Beers Consolidated Mines Ltd was due to open a major new mine yesterday despite a glut in world supply which has battered its profits and, in turn, South Africa's stock market. "Bloodbath," commented the country's biggestReuter - 249 words
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733 1992-08-15 17 REPORTS THE PRICE of tin gained another four sen to close at MS I 7.04 per kg on the Kuala Lumpur T in Market (KLTM) yesterday on further speculative buying among market operators ahead of the weekend. At the opening level of MS733 words
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Article1565 1992-08-15 17 Rubber KAS Cowiadtt) Exclinf (ftrtrt* dodat a* at Ipw) *SS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 92 143.50 143.50 143.50 150 2,200 Oct 142.25 141.50 142.25 250 4,000 Nov 142.00 141.25 141.75 525 3,225 Dec 141.75 141.25 141.75 850 3,700 Jan/Mar1,565 words
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Page 17 Advertisements
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Advertisement885 1992-08-15 17 BUSINESS TIMES Toll tree Tel No 737 0043 'Fax No: 734 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN Chat, I, Roland Lim Kia Iu of 5A Dunbar Walk, Singapore 1545, have applied for a Beer House First Class licence n respect of premises at M/s Palm Beach Seafood Restaurant885 words
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384 1992-08-15 18 Reuter UNITED NATIONS The UN Security Council on Thursday authorised military action to ensure delivery of humanitarian aid to BosniaHerzegovina. The council also demanded that the International Committee of the Red Cross and other neutral humanitarian organisations be allowed immediateReuter - 384 words
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203 1992-08-15 18 AFP, Reuter PARIS European countries offered mixed promises of action yesterday after Thursday's United Nations resolution authorising the use of force to get humanitarian aid to starving civilians in the former Yugoslavia. France and Belgium indicated that they would be ready to carry throughAFP,; Reuter - 203 words
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178 1992-08-15 18 Reuter TAIPEI Taiwan cut its forecast for economic growth this year by 0.5 per cent yesterday, citing a slowdown in exports because of the weak global economy. Gross national product will expand 6.42 per cent in 1992, slower than a forecast of 6.93 perReuter - 178 words
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Article, Illustration572 1992-08-15 18 Be o o AP, AFP, Reuter, NYT NEW YORK President Bush will pursue a policy of lower taxes and limits on government spending if he wins re-election in November, said James Baker, who takes over as White House Chief of Staff onAP,; AFP,; Reuter,; NYT - 572 words
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Article488 1992-08-15 18 Companies complain of sharp price increases Reuter TOKYO A total ban on production of ozone-deplet-ing CFCs in Japan is still three years away but CFC users are already being hit by rising prices, tighter supplies and the high cost of switching to alternatives. "As weReuter - 488 words
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452 1992-08-15 18 AFP ISLAMABAD Hardline Afghan leader Gulbuddin Hekmatyar, whose rockets have been raining on Kabul this week, has agreed to reopen the city's airport for one hour to airlift foreigners, his party said yesterday. The Hezb-i-Islami is ready to allow evacuation of UnitedAFP - 452 words
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Article, Illustration56 1992-08-15 18 Reuter SHENZHEN Residents of Shenzhen looking at stills from the movie The Life of Mao Zedong on Thursday as the special economic zone resumes normal life in the aftermath of the riot-marred stock lottery. Mao's successor, Deng Xiaoping, has encouraged more liberal economic policies, including the formationReuter - 56 words
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485 1992-08-15 18 AFP, AP, FT JOHANNESBURG Hopes of an early resumption of South Africa's constitutional talks received a serious setback on Thursday as the African National Congress (ANC) announced that its preliminary contact with the government, including discussions for a blanket amnesty, had provedAFP,; AP,; FT - 485 words
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388 1992-08-15 18 Reuter KUWAIT Saudi Arabia, already paying out billions of dollars a year to service its growing domestic and foreign debt, may have problems meeting its commitments by the mid-*****, economists and bankers in Riyadh say. They estimate that by the end of 1992Reuter - 388 words
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Page 18 Advertisements
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Advertisement5 1992-08-15 18 PE.ery Saturday in Business Times5 words
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Advertisement10 1992-08-15 18 Prevent collapse of Bosnia before it's too late, EL 210 words
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Advertisement22 1992-08-15 18 Professional diplomat as caretaker of US foreign policy, Pg 7 Mammoth convention, Pg 7 Crystal balls, bulls and bears, EL page 922 words
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Advertisement8 1992-08-15 18 ss ifR! INVESTMENT Every Saturday in Business Times8 words
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Executive Lifestyle
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Article, Illustration1436 1992-08-15 19 Michelle Low - Are Singapore executives turning into workaholics? While many see the need to put in long hours, few say they are being overworked. Michelle Low finds out how they keep themselves going Michelle Low WORKAHOLISM used to be the "in" thing You weren't an esteemed employeeBy Ben Cruz - 1,436 words
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STRAWS IN THE WIND
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Article103 1992-08-15 19 THESE days, with so many Elvis Presley look-alikes running around, it's no wonder that some people think the King is still alive. A colleague was somewhat bemused the other day when she chanced upon a newsroom assistant in the lift who was holding two pictures of Elvis, presumably103 words
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Article52 1992-08-15 19 YOU would think that car child seats are designed to protect your child, yoQr whole child, and nothing bjrt your child. So when you see such an advertisement in newspaper blaring out in big letters "Protect your chilcfs genitals", you really start wondering about the creative ty of52 words
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Article25 1992-08-15 19 VICE-PRESIDENTIAL ci& didate A 1 Gore's wife, Uj£ per, goes on a shopping tljp for new clothes. Guess what her schedule says? "Tipperware party".25 words
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Article30 1992-08-15 19 ROSS Perot may not be in the presidential race anymore, but his anagrams remain. Jiggle the letters of Perot's name and you will get Ross Perot, aka Sore Sport.30 words
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OPINIONS
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1075 1992-08-15 20 Said Abudullah - Hypocritical, unrepresentative and a whole lot of bull. That seems to be the verdict of the detractors of the recent survey on moral values. Said Abudullah cautions against such a reaction Said Abudullah The writer is a journalist on BT's Foreign Desk The1,075 words
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Article, Illustration959 1992-08-15 20 Abdul Hadhi - Abdul Hadhi says the world should stop dragging its feet and help contain the situation in Bosnia Abdul Hadhi The writer is a journalist on BT's Foreign Desk AS THE WORLD watches, events in Bosnia are coming to a boil. But this959 words
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Article, Illustration583 1992-08-15 20 The losers in the Nafta accord deserve protection from harm, but not at the expense of America's common wealth NYT Millions win save a few cents every time they buy orange juice, a few dollars on shirts and sweaters and aNYT - 583 words
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285 1992-08-15 20 Tan Kok Tim - LETTER TO THE EDITOR Tan Kok Tim MEGASTAR Earvin "Magic" Johnson has achieved his dream of playing for the US team in the basketball event at the Olympic Games in Barcelona. Despite having been infected with the Aids-related HIV virus, he kept285 words
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VIEWPOINT
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Article, Illustration1724 1992-08-15 21 Salil Tripathi - Sir Paul Girolami, head of British pharmaceutical giant Glaxo, is a firm believer in the human element in business. Ignore that and you will be making a big mistake, he tells Salil Tripathi CONVERSATIONS AT RAFFLES Salil Tripathi SIR PAUL Girolami, at 66, is aPhoto by Arthur Lee - 1,724 words
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Article543 1992-08-15 21 GOOD accountants don't just crunch numbers, they paint pictures, says Sir Paul Girolami. Much of the work may be routine, the fastidious combing of files and ledgers. But, says Sir Paul: "If you've got the right attitude, and you ought to have this attitude, treat it as543 words
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Article, Illustration913 1992-08-15 21 Cheryl Liew - French actor George Bigot has a lot to say, and the gift of being able to sound like he means every single word. Cheryl Liew hears him out Cheryl Liew STEPPING into the studio, George Bigot is reluctant to begin the interview until his interpreter arrives,913 words
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EPICURE
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Article, Illustration515 1992-08-15 22 Quek Swee Peng - Quek Swee Peng samples the dieter's calorie-counting menu at Fourchettes Quek Swee Peng CALOR lE-counting seldom goes out of fashion. It's a device that the calorie-con-scious rely on to clear their conscience. For, somehow, the partaking of a 76-calo-rie-count consomme of herbs does not seem so sinful. However,515 words
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LIFESTYLE
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Article, Illustration685 1992-08-15 23 Cheryl Liew - Good food can be a lubricant for business, as many an executive has found out. Restaurants, quick to recognise the appetite for business lunches, are vying for this lucrative market. Cheryl Liew reports Cheryl Liew WHETHER the economy is down or up, when it comes to685 words
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803 1992-08-15 23 N K Yong - A look at six wines made from the most noble of red wine grapes WINE By N K Yong THE theme this week is Cabernet Sauvignon, the most noble of red wine grapes. My tasting notes over the past few weeks list six memorable803 words
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PEOPLE
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Article, Illustration268 1992-08-15 23 Thoroughbreds of a different ilk milled elegantly amid oysters and ice sculptures last Friday. More than 200 of racing's elite gathered at Goodwood Park Hotel's Tudor Ballroom to celebrate 150 years of the sport in Singapore. The book, The Winning Connection, published by the Bukit TurfPhotos by Arthur Lee - 268 words
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PURSUITS 1
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Article, Illustration886 1992-08-15 24 Nirmal Ghosh - Nirmal Ghosh meets Pilai Poonswad, an extraordinary woman who has worked long and hard for the preservation of the Asian hornbill Nirmal Ghosh PILAI Poonswad is an extraordinary woman. An assistant professor in the Microbiology Department of Mahidol University in Bangkok, Dr Poonswad is never happier than when886 words
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Article, Illustration592 1992-08-15 24 Susan Tsang - Susan Tsang learns about the six colours, three Ts tone, texture and translucency and two names of jade Susan Tsang IT USED to be that jade was jade a green stone made into bangles worn by old ladies or into round pendants on gold chains slipped round592 words
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Article, Illustration599 1992-08-15 24 RINGO LIEW - CD Review By RINGO LIEW GEORGE HARRISON: Live In Japan If Paul McCartney was the cute Beatle, John Lennon the radical Beatle and Ringo Starr the dopey Beatle, then George Harrison was the quiet one. True to his reputation, the reclusive Liverpudlian has generally kept599 words
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Article, Illustration546 1992-08-15 24 A Brief History of Toa Payoh By Koh Buck Song 85 pages, $9.90 Imperial Publishing House Reviewed by Susan Tsang KOH Buck Song's first collection of poetry, A Brief History of Toa Payoh, begins with just that, and then the poet moves from history to geography. Koh brings546 words
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Article, Illustration1014 1992-08-15 25 Nirmal Ghosh - Singapore's Jewish community is barely 240-strong but it is in no danger of disappearing, reports Nirmal Ghosh Nirmal Ghosh AS AN indigo dusk slowly envelopes Singapore, eight people drift in at the gates of the Maghain •Aboth Synagogue on Waterloo Street. r A lone man1,014 words
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Article, Illustration927 1992-08-15 25 Neville Stack - Neville Stack rubs shoulders with the good, the great and the bewildered on the lawns of Buckingham Palace Neville Stack ONCE in a long while, you get to see a multi-racial group of people grazing on the Buckingham Palace's lawns, and none of927 words
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PERSONAL FINANCE & INVESTMENT 1
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1299 1992-08-15 26 Amy Balan - Interest rates are falling, stocks are in the doldrums and the property market faces a glut. So where can an investor put his or her cash? Amy Balan suggests loan stocks and bonds. Amy Balan PUTTING money in bank deposits is increasingly becoming1,299 words
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264 1992-08-15 26 YOU can easily get information and buy Singapore government bonds from the seven primary dealers appointed by the Monetary Authority of Singapore. They are Citibank, CS First Boston, NDC Merchant Bank, OCBC Bank, Overseas Union Bank, Tat Lee Bank and United Overseas Bank.264 words
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Article, Illustration573 1992-08-15 26 Shoeb Kagda - Credit card companies are intent on giving customers many reasons not to leave home without their cards. Shoeb Kagda reports Shoeb Kagda IT'S getting difficult to leave home without one. That little plastic card tucked away in the wallet or handbag goes beyondSource: - 573 words
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513 1992-08-15 26 S N Vasuki - S N Vasuki considers the declining fortunes of the Singapore bourse S N Vasuki IT IS not a particularly good time for equity investors in Singapore. Share prices on the local bourse tumbled this week, continuing a disquieting trend that started at513 words
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Article, Illustration526 1992-08-15 26 Najeeb Jarhom - CHAM^ By Najeeb Jarhom The writer is a research manager with Fraser Securities THE decision by foreigners to underweight Singapore shares could reflect their frustration with the restricted number of blue chips that have been their dull playing field for more than526 words
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Article, Illustration612 1992-08-15 27 Arul Inthirarajah - What does the US presidential election have in common with the stock markets? The stars, say Arul Inthirarajah, as he interprets their movements and their effects on the US, Japanese and Malaysian markets Arul Inthirarajah, The writer is a financial consultant with a firm ofSource: Bloomberg - 612 words
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Article432 1992-08-15 27 FINANCIAL astrology, or the art of predicting prices using planetary movement, can be approached in two ways. The first method correlates the price movements of the stock, index or commodity directly with the movement of the planets. To interpret their movements, financial astrologers look at432 words
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SPORTS
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SIDE LINES
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72 1992-08-15 28 LONDON A British journalist missed a gear-change while test-driving Jaguar's new £415,000 (S$ 1.28 million) XJ 220 model and blew up the engine of the world's fastest production car, British newspapers said yesterday. Motoring correspondents were testing the 341 kph sports car on an72 words
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Article67 1992-08-15 28 PRAGUE Top-seeded Karel Novacek defeated fellow Czechoslovak Martin Strelba 7-5, 6-1 in their second-round match at the U*****,000 (*****,000) Skoda Czechoslovak Open Men's Tennis Championship in Prague on Thursday. Novacek, ranked 26th by the ATP, won the Czechoslovak Open in 1991. Strelba said he was67 words
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Article, Illustration51 1992-08-15 28 VALENCIA, California Basketball star and Olympic gold medallist Earvin "Magic" Johnson (right) pretended on Thursday to take a bite out of his birthday caked adorned with the likeness of Bugs Bunny at a birthday party held at Six Flags Magic Mountain. Johnson turned 33 years old on51 words
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Article69 1992-08-15 28 LONDON Coloured clothing, black sightscreens and white balls will feature on English county cricket grounds for the first time next season as part of a new-look Sunday League. Test and County Cricket Board (TCCB) officials, insisting they were determined to "move with the times",69 words
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Article53 1992-08-15 28 BROOKLYN, Michigan Clifford Allison, son of former Nascar champion Bobby Allison, died here on Thursday after crashing in practice at the Michigan International Speedway. Allison, 27, died on the way to the hospital after his Chevrolet crashed between the third and fourth turns on the53 words
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Article, Illustration48 1992-08-15 28 DETROIT As Detroit Tigers' pitcher Frank Tanana i watched the Tigers get shut out by the New York Yankees a young fan leaned into the dug-out and watched him during j the game on Wednesday at Detroit's Tiger Stadium. New York shut out Detroit 10-0.48 words
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594 1992-08-15 28 Eccentric genius to meet Boris Spassky next month for USssm prize Reuter LONDON The return of Bobby Fischer, the eccentric genius who turned the chess board into a Cold War battleground 20 years ago, has sent a shiver of excitement through the chess world.Reuter - 594 words
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Article, Illustration774 1992-08-15 28 PGA championship AP ST LOUIS Golf tournaments, Ray Floyd is fond of saying, cannot be won on the first day. But they can be lost. So when Craig Stadler and Gene Sauers shared the firstround lead on Thursday, they were only takingAP - 774 words
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Article, Illustration847 1992-08-15 28 The Economist ST LOUIS The United States PGA championship, one of the last redoubts of' American dominance in golf, is being contested this weekend over the Bellerive Country Gub course in St Louis. Will it prove for European players another frustrating and insufferable experience, anotherThe Economist; Source: PGA - 847 words
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272 1992-08-15 28 AFP BUDAPEST Formula One championship leader Nigel Mansell admitted on Thursday that new fuel restrictions on WilliamsRenault means he will have to gamble to win at the Hungarian grand prix. The 39-year-old British ace predicted a real struggle for tomorrow's race when victoryAFP - 272 words
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328 1992-08-15 28 AFP WINNIPEG, Manitoba Betsy King fired a five-under-par 67 here on Thursday to share the first round lead in the Du Maurier Classic women's golf tournament, moving a step closer to her sixth major title. King posted five birdies in aAFP - 328 words
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273 1992-08-15 28 AP LONDON It would be a pity if the "foolishness" of a few athletes meant that the potential benefits of the per-formancing-enhancing drugs they abuse are not realised, a British medical journal said in an editorial. Clenbuterol, which stimulates muscle development, hasAP - 273 words
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Article1196 1992-08-15 29 CJty Flgfct ETA FlgM ETO MHMj GABgO 0045 MltaM* QF81 1955 QF82 2205 SQ228 2025 kmmm RJI87 Qiao hmitmitm SQ3I9 0715 KL837 1255 GA890 0150 KL838 2240 SQ342 2325 NZ21 1820 NZ22 1940 SQ286 2030 titrate Gf 148 0855 GA525/910 1755 Sartitww SQ181 1410 SQ182 09151,196 words
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THE TRAVEL PAGE
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Article, Illustration638 1992-08-15 29 William Schmidt - LETTER FROM BLACKPOOL By William Schmidt THE harsh wind off the Irish Sea had scattered beachgoers along the shore like clumps of seaweed thrown up by the tide. Windbreakers zipped to the neck, they squatted on the damp sand and stared at the638 words
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Article151 1992-08-15 29 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1526 1.1685 Canadian dollar 1.3342 1.3615 NZ dollar 0.8575 0.8748 Sterling pound 3.0963 3.1385 US dollar 1.6050 1.6120 Local dollar* to 100 units of foreign currency Austrian schilling 15.52151 words
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Article36 1992-08-15 29 Duration Title Venue Organiser Tel Sep 19-22 International Pans Semaine (33)1/*****002 Leather Week Internationale Du Cuir Duration Title Venue Organiser Td Sep 12-29 International Turin, Italy Torino *****569 Caravan Caravan Esposizionio Equipment Exhibition36 words
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Article617 1992-08-15 30 Afraid Of The Dark. There's a nasty man who goes about eliminating helpless blind people, and it's up to an II-year-old boy to stop him. Jade Classics: 11; 1.30; 4; 6 .30; 9. Beauty And The Beast. Delightful Disney cartoon. Yishun 10; 9.50; 4.45. Beethoven. Cloyingly all-American, but good617 words
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TIME OFF
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Article231 1992-08-15 30 Singapore Symphony Orchestra Lim Yau conducts a programme featuring Bruckner's Overture in G minor, Prokofiev's Violin Concerto No 1, Barber's Toccata Festiva for Organ and Orchestra Op 36 and Schumann's Symphony No 3. Organist Margaret Chen and violinist Ng Yu Ying are the soloists. Venue: Victoria Concert Hall. Today.231 words
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Article, Illustration238 1992-08-15 30 Singapore Art Fair' 92 A ph nr(> tn w w u~ t c; no p. and the region has to offer in this exhibition organised by the National Arts Council. There will also be talks on Chinese oil paintj ng s, Chinese calligraphy, architecture and photography. Venue: IMM Exhibition238 words
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Page 19 Advertisements
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Advertisement194 1992-08-15 19 11 B O 3343 5 8 8 X -Ml $313 4'3 6 8 8 I- lIHHiB^^B^BfIHIpHBIHIH^^BHHIHI^BK! '^Hj IWVPS^^^^H ■6$ j| 1 I H I *J B imr^wlMHPl^kZ Kjl L V Jmm s > "i a "i 1 kIP* i Jr I'' i HBHH p|^M Available Exclusively $INGAH)IEi Burberry* Main Shop194 words
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Advertisement43 1992-08-15 20 K BT welcomes r r letters from you. S j Please address them r r to: The Kditor, j J Business Times, C C 390 Kim Seng Rd, J P S'pore 0923. litters C k should include your J J contact numbers. v.43 words
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Page 20 Miscellaneous
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Miscellaneous56 1992-08-15 20 DOONESBURY GARRY TRUDEAU l STILL HAVENTGOTtT YES. TM RIGHT, JOAN/E AFTER UMA7 <XKT A LAMER* CHIEF COUNSEL RIGHT. OH.UOU-.I /0 YEARS STAYING AT &u*3&CpO rMA YOWR3A FOR A CON- ANOTkI HADAREAL HOME HJTTH ACHIU?, YOuSo LMJYEX LAWYER? GRE9SKNAL- OtTINGJm SELF-ESTEEM 1 YEARS WORKING f jqani I COMMITTEE. HENPRIX. PROBLEM, ON56 words
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Advertisement14 1992-08-15 21 Registration for George Bigot's acting workshops is still open. Call Theatreworks at 338-4077f0r enquiries.14 words
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Page 22 Advertisements
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Advertisement1208 1992-08-15 22 M Nothing Beats A Bud. nMifll where to wine, dine OF ORGANISE YOUR OWN KARAOKE! It's your very own Karaoke party! King's Hotel has come up with a Daily Karaoke package for groups of 10-200 people from 12 noon to 5 pm. After your Penang Buffet Lunch, the Ist round1,208 words
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Page 23 Advertisements
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Advertisement257 1992-08-15 23 AND ENTERTAIN In the month of August, a fashion extravaganza awaits you at the Fountain Lounge: August 1 TosellJ August 8 VUspiga Boutique August 15 Tosclll August 22 Vlaspiga Boutique August 29 ToselH Enjoy a leisurely Saturday afternoon tucking into delicate French pastries, dianxin and sandwiches... and a freshly-brewed cup257 words
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Advertisement71 1992-08-15 23 j A marriage betiveen Thai and Cantonese cuisines at China China 'Rsstaurant. Set menus available from $68+ (2 persons) to $338+ (10 persons). Or try our a (a carte menu from as tittle as $2+ per piece! Available in August for lunch and dinner. Jot reservations, please ca***** 4228/9. Our71 words
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Advertisement327 1992-08-15 25 THE WINNING EDGE BUSINESS NFWS i. 1 T» VJ For over two decades Singapore Business has covered the local and regional business scene with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an II A"V\ A327 words
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Page 26 Advertisements
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Advertisement67 1992-08-15 26 GIVING YOU THE WINNING EDGE! Six Singapore companies compete globally Paradise lost for Riau islands club members Environmental clean-up crews eye the region Hope for Vietnam's frustrated foreign Investors Missing: top women bankers Integral Peripherals' 1.8-Inch gamble SMEs In the footsteps of MNCs The mystery behind Singapore's tourist appeal Desiging67 words
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Page 27 Advertisements
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Advertisement55 1992-08-15 27 ii The Housekeeper -this hotel O« wants is me. Bob I'll never neglec-t L. v_ "bb© hoose, baby/ y Any Job. any Career. Available any Day. Any Time, anywhere. The Straits Times The Sunday Times Business Times The New Paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN55 words
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Advertisement249 1992-08-15 27 JOAN Ml i£m fc fc y^ j(| Kfe f Jmk BWjjj A I j It's Quick and Easy. Get instant H I V|r J cash for your shares over the 1 counter at any of our 28 branches. m Use the loan for any purpose. Loans from $2,000 to $100,000.249 words
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Page 29 Advertisements
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Advertisement41 1992-08-15 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 know Europe from (tart to Finnish.41 words
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Advertisement24 1992-08-15 29 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.24 words
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Advertisement30 1992-08-15 29 About 400 teenagers suffer from sex diseases every year. How many kinds of such diseases do they suffer from? The pain, the anguish, the answers. Today. In Weekender. f iHilv30 words
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Page 29 Miscellaneous
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Miscellaneous192 1992-08-15 29 7 Cool drink of course? (9) 27 In the assault rampaged 28 Some require a tailor- g Break one cannot bank on excessively (5) made lasso (5) (8 7) 29 Foreign boy accepted first j wo men annex ing a state of all was put off (9) (9) YESTERDAY'S SOLUTION192 words
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Miscellaneous167 1992-08-15 29 Singapore Outlook: Showen over sever*! areas in the late morning and early afternoon. Report: Maximum temperature 30.0 Assoc humidity 73% Minimum temperature 23.4 Assoc humidity 94% Hours of sunshine 1.65 Rainfall in mm 3.0 Rainfall this month 36.1 Rainy days this month 3 World report Asia-Pacific Hi/Lo* Cond. Auckland IS/11167 words
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Miscellaneous28 1992-08-15 29 (FoR <*nd of n\oNe>/ \/ou think; U)OfcKm& Top Ay Vv'LL GWe. *00 To p _y r2k jsa a£ *>X e ASSOCIATED MMHHM LTO IM3-IM2 J 1 J 74028 words
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Page 30 Miscellaneous
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Miscellaneous1717 1992-08-15 30 TODAY'S TV I M WE 8.00 Wake, Rattle and Roi. T j[|\Ti I >Sg» r ->vi 8.30 Amigo and Friend*. HhUhmbUHl B JsSm. "-a 9.00 Children's Programme Taksi, 4.00pm, SBC 5 World Entertainment Report, 1 §H| 10.00 The Bugs Bunny Show. The first a Indo- 2.00pm, SBC 5 I 10.301,717 words
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Miscellaneous624 1992-08-15 30 Sherlock Holmes And The ous party. She runs into endLeading Lady, Part 1, Mon, less trouble but Michael 10.30pm, SBC 5 Douglas exhibits perfect timChristopher Lee is the vener- ing and saves the day. 1984 able Sherlock Holmes who is ",c'cgiven the responsibility of re- Wonkey S hlne», Thars, covering624 words
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