The Business Times, 27 August 1992
1992-08-27
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The Business Times
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Title Section12 1992-08-27 1 BUSINESS TIMES THE RVSINES^^T^rpJ^^ASIA MITA (P) 35/12/91 Thursday, August 27, 1992 75*12 words
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NEWS SUMMARY
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100 1992-08-27 1 TOKYO Japan's industrial output is dipping while producers' stockpiles persist, official surveys said yesterday, ahead of government plans to unveil fiscal measures to stimulate the economy on the weekend. Production and shipments in the April-June period fell from the previous quarter in nine of100 words
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44 1992-08-27 1 BRUSSELS Europe need not worry that the North America Free Trade Area (Nafta) accord agreed on last week will create a Fortress North America making trade with other countries more difficult, United States Trade Representative Carla Hills said yesterday.44 words
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MARKETS SUMMARY
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Article43 1992-08-27 1 WALL STREET share prices opened lower yesterday after a wcakcr-than-expected report on factory orders that sowed more concerns about the economy. After the first hour of trading, the Dow Jones average of 30 industrial stocks was down 3.51 points to 3,228.71.43 words
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Article24 1992-08-27 1 LONDON share prices were slightly lower at midday yesterday. At 1100 GMT, the FTSE 100-share index was down 1.9 points at 2,279.1.24 words
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Article, Illustration29 1992-08-27 1 Wednesday Chance BT-MGA 663.45 +15.41 Kuala Lumpur ....559.51 +0.33 Tokyo 16,541.65 +160.88 Hongkong 5,478.81 +187.32 Sydney 1,534.41 +17.0 Tneaday Change New Yoik 3,232.22 +4.05 London 2,281.02 -30.129 words
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Article22 1992-08-27 1 Exchange rates USS s$ 1.6000 100 Yen SS 1.2805 MS SS 0.6427 Money marfcet rates Overnight 1-5/8 +1/8 3-month 2-1/4 unch22 words
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Article34 1992-08-27 1 London GoM AM fix US$340.35 -US$0.50 RUMmt S'pore Sep 140.25«/kg -1.00 M'sia Sep 218.00»/kg -0.50 KL Tin Turnover 36 tonnes +26 Spot M$16.79/kg unch Crude palm oN Turnover l,1141ots +233 Oct M$849/tonne +734 words
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462 1992-08-27 1 Sylvia Wong - International ring laundering credit card charges, says Visa By Sylvia Wong SINGAPORE Visa International has filed a fraud and racketeering suit in the US contending that small businesses in Europe and Asia including Singapore have been laundering millions of dollars for fraudulent telephone462 words
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Article, Illustration291 1992-08-27 1 Helen Chang - First overseas office likely to be in HK By Helen Chang SINGAPORE The Chinese government plans to take a pro-active role in wooing foreign investors by setting up an agency, with a network of overseas offices, similar to Singapore's Economic Development Board.291 words
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230 1992-08-27 1 LONDON British Chancellor of the Exchequer Norman Lamont tried to halt a slide in the sterling yesterday by reiterating that the government had no plans to devalue the pound or withdraw from Europe's exchange rate mechanism (ERM). But230 words
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Article, Illustration363 1992-08-27 1 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Macau's casino kingpin, Stanley Ho, has set up his maiden venture in Singapore. His target market, however, is not Singapore's gamblers but its gourmands. Launched yesterday was the $12 million Sea Palace floating restaurant, a363 words
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140 1992-08-27 1 SINGAPORE Led by Singapore Airlines shares, which rose on news that the carrier's bonus plan had been approved by the stock exchange, local share prices rose across the board yesterday. Brokers said, however, that overall sentiment was still mixed. The Straits Times Industrials Index140 words
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441 1992-08-27 1 Lilian Ang - By Lilian Ang SINGAPORE Saddled with poor returns from both its steel and electronics businesses, listed Nat Steel saw group net earnings halved to $13.1 million for the six months ended June 30. The sharply lower results, released yesterday, shocked analysts, even441 words
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Page 1 Advertisements
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Advertisement526 1992-08-27 1 Cassette Receiver C Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Sia«apora: Phone. *****33 KuaU Lumper Phone 757 0233 PenM«: Phone 615 985/619 014 Jakarta: Phone 374 065/*****72 Shangri-La sweetener SHANGRI-LA Hotel Ltd has offered to sweeten its proposed issue of warrants that is being packaged with a $100 million526 words
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Advertisement20 1992-08-27 1 Enterprise Fg 2: Businessmen laud idea of consortiums, raise fears; Bintan's four retail villages The big ECU sell-off, Back Pg20 words
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Advertisement186 1992-08-27 1 IV I I Ad ban: who's burned? THE Marlboro Man is smoking his last. The Singapore Ministry of Health's ban on tobacco advertisements in foreign magazines with circulation exceeding 10,000 comes into effect next Tuesday. Five well-known publications will be affected. Or will they? Find out on Page 11 Hock186 words
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PAGE 2 NEWS
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Article, Illustration426 1992-08-27 2 Lee Han Shih - Plan for night life to add zest to extension of CBD By Lee Han Shih SINGAPORE Plans released by the government yesterday suggest that the days of Orchard Road as Singapore's premier hotel stretch could be numbered. tin the next 20 years or soOnerSource: URA - 426 words
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388 1992-08-27 2 Helen Chang; Genevieve Cua - Enterprise 92 conference Reports by Helen Chang and Genevieve Cua SINGAPORE Local businessmen yesterday welcomed the idea of forming "flexible consortiums" to enter foreign markets, but expressed concern that their companies may be "swallowed up" by bigger government-linked firms. The idea of388 words
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325 1992-08-27 2 Developers hope to attract SMEs and restaurant owners SINGAPORE A master plan has been drawn up for tlje development of four retail villages in Bintan, with the aim of getting small and medium-sized retailers and restaurateurs to take up land leases. The first and325 words
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SINGAPORE ROUNDUP
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89 1992-08-27 2 HAVING RAISED the level of awareness of service quality in the public sector, the Service Improvement Unit (SIU) will now focus on issues spanning different government agencies to improve inter-agency coordination and streamline services. This could involve, in the long term, setting up government89 words
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Article97 1992-08-27 2 SINGAPOREANS must improve on the country's dismal productivity record if they want to enjoy higher wages in the future, said Senior Minister of State (Trade Industry) Lim Boon Heng yesterday. Singapore's productivity grew by 1.5 per cent last year, and 1.75 per cent in the first97 words
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Article57 1992-08-27 2 THE Civil Aviation Authority of Singapore and the National Search and Rescue Agency of Indonesia yesterday responded to a simulated airplane crash about 80 nautical miles east of Singapore. The two countries designed the drill to test bilateral communications facilities and coordination procedures as part of their57 words
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Article47 1992-08-27 2 HEALTH MINISTER Yeo Cheow Tong yesterday called for more research into the consequences of rapid fertility decline in Singapore. Speaking at a population conference in Bali, Mr Yeo said research and the sharing of experiences will help policy makers in the region.47 words
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Article670 1992-08-27 2 Alvin Tay - Rates of medium-sized and large hotels down by 5-7 pc By Alvin Tay SINGAPORE Visitor arrivals in Singapore may be up, but hotel room revenue is down for the second consecutive month in June because room rates of medium-sized and large hotels took a670 words
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332 1992-08-27 2 Shoeb Kagda - By Shoeb Kagda SINGAPORE Singaporebased fund managers are eyeing China's fast-developing stock markets and many of them have already included Chinese companies in their portfolios. The Shenzhen and Shanghai stock markets are viewed as offering unlimited possibilities for long-term investors because of China's332 words
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Article, Illustration362 1992-08-27 2 Colin Tan - By Colin Tan SINGAPORE Despite a surplus of office space, Japanese developer Yamasin has secured tenants for more than half the available space at its office building on the former Denmark House and Finlayson House site. One property agent attributed the362 words
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348 1992-08-27 2 Schutz Lee - By Schutz Lee SINGAPORE One of Singapore's first joint ventures with the Commonwealth of Independent States was awarded the approved international trader status on July 8, just about a month after it started operation. Agrosin, a joint venture between Intraco and a group348 words
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Article, Illustration250 1992-08-27 2 SINGAPORE Practical, useful, beneficial these were some comments 27 Chinese senior management personnel made about their learning experience in Singapore. Their month-long train-ing-cum-study stint, which ended yesterday, was jointly organised by the State Science and Technology Commission of China, the China Science and Technology250 words
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Page 2 Advertisements
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Advertisement202 1992-08-27 2 /HOW TO STAY TRIM i IN BUSINESS BY CUTTING CORNERS These days, 10 stay successful in business, one has to be highly competitive.Thai means having the right image, up- to- date office equipment and full lime experienced staff, yet keeping low overheads Here at World Wide Business Centre Pte Ltd,202 words
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COMPANY NEWS 1
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Article, Illustration445 1992-08-27 3 Amy Balan - Exercise price cut to $4.70 but analysts not enthusiastic By Amy Balan SINGAPORE Bowing to market pressure, Shangri-La Hotel Ltd has now offered to sweeten its proposed issue of warrants that is being packaged with a $100 million bond issue. The hotel announced yesterday that "inSource: Bridge Info - 445 words
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359 1992-08-27 3 AFP HONGKONG Wharf Holdings posted a 12-per-cent increase in total group profit amounting to HKS9OO.B million (S$ 186 million) in its interim results for the first six months of this year. Earnings per share were 42.9 HK cents while interim dividend roseAFP - 359 words
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348 1992-08-27 3 SINGAPORE Main board listed CSA Holdings' new distribution business helped boost its revenue at half time but along with the cost of other investments also dented its profit margin. The computer firm managed a 20 per cent increase in net earnings to348 words
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534 1992-08-27 3 Catherine Ong - THE HOCK LOCK SIEW COLUMN By Catherine Ong HONGKONG Hongkong stockbrokers who are still bewildered by the avalanche of freakish selling in recent days have HSBC Holdings pic to thank for yesterday's 187point surge in the Hang Seng Index. The bank's surprising 51534 words
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Article, Illustration376 1992-08-27 3 Shoeb Kagda - By Shoeb Kagda SINGAPORE Australia's largest diamond mining company is looking for gold in Vietnam and Indonesia. Ashton Mining Ltd, said chairman Sir Leslie Froggatt, will focus on South-east Asia as its base for gold prospecting. In Singapore, as part of an Asian tourSource: Ashton Mining Ltd - 376 words
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COMPANY BRIEFS
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73 1992-08-27 3 SINGAPORE Shareholders of Cycle Carriage Ltd (CCL*) yesterday gave the go-ahead for the group's property restructuring. At an extraordinary general meeting yesterday, they approved a resolution which allowed CCL directors to effect a complicated scheme of creating new subsidiaries and financing the group's property projects.73 words
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Article63 1992-08-27 3 SINGAPORE United Pulp Paper (UPP) yesterday announced an 18 per cent rise in net earnings to $533,000 for the interim period ended June 30. At the group level, earnings rose 20 per cent to $904,000. Modern Packaging Industries became a wholly-owned subsidiary of the group on63 words
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Article47 1992-08-27 3 SINGAPORE Edwin Soeryadjaya yesterday resigned as. director of Summa Investments Ltd. Summa Investments is the Singapore-listed investment vehicle of the Soeryadjaya family which controls Summa Group and PT Astra International, one of Indonesia's richest business groups. The Summa Group ran into liquidity problems recently.47 words
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Article72 1992-08-27 3 KUALA LUMPUR Telekom Malaysia Bhd announced that it incorporated a new subsidiary known as Telekom Malaysia International Sdn Bhd (TMI) last June 12. The principal activity of TMI is to provide and undertake engineering and consultancy services in telecommunications and related industries in overseas markets. TMI72 words
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Article98 1992-08-27 3 IN A Hock Lock Siew column on June 10, 1992, entitled "Unilever could give Yeo's the go", we commented on Chun King, the Oriental food manufacturer jointly owned by Yeo Hiap Seng Ltd and Temasek Holdings. Chun King has clarified that it is not correct that supermarkets98 words
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COMPANY BRIEFS
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88 1992-08-27 4 MANILA The Philippines' biggest copper producer, Atlas Consolidated Mining and Development Corp, said reduced output and low copper prices drove up the firm's losses in the first half of the year. The company said mining and milling operations had been cut back because funds88 words
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Article76 1992-08-27 4 SYDNEY Mayne Nickless Ltd, one of Australia's largest transport companies, said net operating profits after minority interest and abnormal items rose 26.2 per cent in the year ended June 28, to A$ 143.7 million (S$ 163.8 million). Earnings per share increased 18.9 per cent to76 words
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Article40 1992-08-27 4 WELLINGTON Australasian food group Goodman Fielder Wattie Ltd said it proposed to float New Zealand's Watties Foods in November. In June, GFW said it would float Watties for an expected As3so million (***** million).40 words
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185 1992-08-27 4 Bloomberg SYDNEY Global media giant News Corp yesterday said net profits before abnormal items surged 65 per cent in the year ended June 30 to Ass3l million (*****.6 million) from As32l million a year earlier. The result was at the high end ofBloomberg - 185 words
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360 1992-08-27 4 But second-quarter revenue below expectations, says airline Bloomberg HONGKONG Cathay Pacific Airways, Hongkong's main international airline, said that its net profit rose 13.3 per cent to HKSI.26 billion (Ss26l million) in the first half of its business year ended June 30 from HK.Sl.ll billionBloomberg - 360 words
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350 1992-08-27 4 Bloomberg Reuter TOKYO Consolidated pre-tax profits for Toyota Motor Corp, one of the world's largest car makers which holds 40 per cent of the Japanese market, slumped 39.7 per cent for the year ended June 30, the company said yesterday. ForBloomberg; Reuter - 350 words
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455 1992-08-27 4 NYT TOKYO Victor Co of Japan (JVC) plans to reduce the work force of its video cassette recorder production department by 700, to 4,100 people in one year, through attrition and by not renewing short-term contracts, sources within the company saidNYT - 455 words
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Page 3 Advertisements
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Advertisement113 1992-08-27 3 S'pore stocks jump 31 pts 16 •HK snaps out of doldrums 22 Nikkei fluctuates aimlessly 22 I PP^ Every woman has a favorite pair of earrings, a cherished ring, a bracelet that seldom leaves her wrist. These are invariably the things which define a woman's style. Design of classic conception113 words
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Page 4 Advertisements
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Advertisement227 1992-08-27 4 k real car crash, its g| CHILD SAFETY SEAT. M volvo When we design Volvo child safety seats we actually put them inside a and crash test them. No other jHHE2KS^| manufacturer does this. (No other manufacturer afford to do this.) And the that Volvo does on its seats far227 words
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FINANCIAL NEWS
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352 1992-08-27 5 Dawn Tan - By Dawn Tan SINGAPORE Banks and other large financial institutions have snapped up the bulk of the Government's latest $700-million bond issue, reflecting buoyant interest in the country's government securities market. Earlier this month, the Monetary Authority of Singapore (MAS) announced352 words
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SMALL CHANGE
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87 1992-08-27 5 WASHINGTON Bankers are investing more of their money in government securities rather than lending it to support an economic recovery, the Federal Reserve said on Tuesday. "More than two-thirds... reported that their institution had increased its holdings of (US government) securities over the past87 words
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Article57 1992-08-27 5 NEW YORK First American Bankshares, the Washington banking company secretly acquired by BCCI, is actively courting bidders for its Washington, Maryland and Virginia banks. The bank sent bid packages for Washington Metro Corp, a holding company for the three banks, to 25 prospective investors57 words
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Article70 1992-08-27 5 HONGKONG Hongkongßank of Canada, a whollyowned subsidiary of HSBC Holdings pic, has reported consolidated net income of C 513.5 million (SslB million) in its third quarter to July compared with C 511.9 million in the same quarter last year. HSBC said that in the nine70 words
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Article59 1992-08-27 5 AACHEN, Germany German insurance holding Aachener Muenchener Beteiligungs-AG (AMB) said first-half 1992 group premium income rose 13.7 per cent to 3.636 billion deutschemarks (Ss4.l billion) from 3.199 billion marks. Of that total, the damage and accident insurance, mainly from its two units, accounted for 1.625 billion59 words
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254 1992-08-27 5 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Australia's national airline Qantas Airways Ltd yesterday signed an agreement to lease a Boeing 767-300 ER aircraft from a company set up by a few group of financial institutions. The special-purpose company will put in some equity and254 words
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Article122 1992-08-27 5 FT BOMBAY Banks, including Citibank and Bank of America, contravened the guidelines of India's Central Bank by using investment management schemes as deposit substitutes, according to an official report on the 35 billion rupee (551.86 billion) Bombay securities scandal. The report, from a committeeFT - 122 words
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368 1992-08-27 5 Higher earnings in underwriting, loan syndications Bernama KUALA LUMPUR Bank Negara has said that merchant banks in the country placed greater focus on fee-based activities during the first half of this year. As such, the industry's traditional fee-based activities expanded by 50.6 perBernama - 368 words
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Page 5 Advertisements
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Advertisement249 1992-08-27 5 Before you take your first step, we take 250. SINCE 187 3, Church Company has to elegant Available at Isetan Orchard, Robinsons, j been producing classic English shoes. city shoes Cinderella Shoe Some 250 stages go into the making of and relaxing (Shaw Centre). v a pair as they are249 words
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THE REGION
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NOTE BOOK
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87 1992-08-27 6 fCUALA LUMPUR Investments totalling MsBo billion (5551.4 billion) are required in Malaysia in order to realise (ke targetted growth rate of the country's manufacturing sector at 11.5 per cent per annum from 1991 up to 1995. To achieve this, new policies and87 words
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98 1992-08-27 6 JAKARTA Indonesia expects to export industrial products worth US$5 billion (SsB billion) by the end of the country's five-year development plan in 1998, the Antara news agency said here yesterday. Antara quoted Rudy Lengkong, the head of the National Agency for Export Development (NAFED),98 words
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Article, Illustration39 1992-08-27 6 PHAKA Malaysian Foreign Minister Abdullah Ahmad Badawi met Bangladesh Prime Minister Begum Khaleda Zia at her office in Dhaka yesterday. Mr Badawi is on a four-day visit to Bangladesh to promote bilateral trade and political relations.39 words
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106 1992-08-27 6 HANOI Australia hopes to develop its cooperation with Vietnam to exploit petroleum deposits off the country's coast, visiting Commerce and Overseas Development Minister John Kerin has said. During a meeting on Tuesday with Vietnamese Prime Minister Vo Van Kiet, Mr Kerin said that his government106 words
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Article90 1992-08-27 6 MANILA The Philippines' trade deficit widened by 23 per jcent in the first half of 1992 compared with the same period last year, with semi-conductors, its top export, suffering a 6 per cent fall, the Central Bank said on Tuesday. Exports grew by 8.2 per cent90 words
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Article66 1992-08-27 6 MANILA A Philippine government peace mission flew to the Netherlands yesterday to try to persuade exiled Filipino communist leaders to end a 23-year Marxist insurgency. Congressman Jose Yap, the mission leader, said he hoped President Fidel Ramos' decision on Tuesday to free two top ;leftist66 words
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461 1992-08-27 6 Maggie Ford - Uproar concerned with ideology, not race: analysts From Maggie Ford in JAKARTA THE row over the import of several hundred expatriate technicians from China to work on an Indonesian power station project has revealed a streak of uncase in relations between the two461 words
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353 1992-08-27 6 Reuter JAKARTA Indonesia will announce new incentives to attract investors to explore for oil and natural gas in the remote, eastern part of the archipelago, Mines and Energy Minister Ginanjar Kartasasmita said yesterday. "The government is formulating the new incentives package toReuter - 353 words
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240 1992-08-27 6 AFP SUVA New tax concessions exclusively for indigenous Fijians were announced yesterday by Prime Minister Sitiveni Rabuka in a move likely to upset the minority Indian community. The proposal by the Cabinet is that businesses with an indigenous Fijian majority shareholding should enjoyAFP - 240 words
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Article, Illustration378 1992-08-27 6 AFP JAKARTA Indonesian President Suharto said yesterday the issues of population, environment and development were inseparable. But he said population issues deserved priority over the other two. "We should always remember that the aim of development is the man or the population itself. Efforts toAFP - 378 words
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426 1992-08-27 6 Harish Mehta - From Harish Mehta in PHNOM PENH THE United Nations Transitional Authority in Cambodia (Untac) has struck a deal with the Hun Sen regime to place over 30,000 of its troops in cantonments within this week, and similar deals are426 words
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Article, Illustration468 1992-08-27 6 AP MANILA Newspapers reported that the national police chief had been fired in a shakeup of the scandalridden force. Two days later, President Fidel Ramos said the report was news to him. Police director Cesar Nazareno was ultimately dismissed because of crimes ranging fromAP - 468 words
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Page 6 Advertisements
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Advertisement168 1992-08-27 6 flexi-dri\/e from DBS FINANCE PUTS YOU IN TOTAL CONTROL FLEXIBILITY REPAYMENT Fkxi-Drive, our unique With up to eight years to repay, Fkxi-Drive eases your financing scheme, responds to your every repayment burden. You can also take the familiar road of command. You can pre-pay all or part of the financing168 words
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THE WORLD
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521 1992-08-27 7 Plan calls for building up govt land reserve for public works projects Asahi TOKYO Save the economy by saving the land market. This is the latest notion of politicians, bankers and business executives who apparently believe the government should buyAsahi - 521 words
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292 1992-08-27 7 AP NEW YORK A fall in American consumer confidence this month, to the weakest level since March, reflects growing uncertainty about the nation's recovery from recession, analysts say. The Conference Board said on Tuesday its Consumer Confidence Index, which assesses consumer sentiment onAP - 292 words
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252 1992-08-27 7 Reuter TOKYO The International Monetary Fund's tough stance towards Russia is unrealistic, Japanese economists said yesterday, commenting on President Boris Yeltsin's planned visit to Japan. "The IMFs idea puts too much emphasis on macroeconomic overhaul, which is only aggravating confusion in Russia," saidReuter - 252 words
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Article, Illustration266 1992-08-27 7 AP MOSCOW Acting Prime Minister Yegor Gaidar said on Tuesday that Russia's inflation rate fell to just over 7 per cent in July a modest victory in a week that has seen several setbacks to his reform programme. In an interview on Russian television,AP - 266 words
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WORLD WATCH
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Article, Illustration42 1992-08-27 7 SAO PAULO, Brazil Tens of thousands of Brazilians marched down Sao Paulo's main business avenue on Tuesday, calling for President Fernando Collor de Mellor's impeachment in the biggest demonstrations since the corruption scandal exploded three months ago.42 words
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62 1992-08-27 7 NEW YORK The bounce in the polls that US President George Bush received from the Republican nominating convention has almost disappeared, less than a week later, according to the latest New York Times/CBS News poll. A telephone survey on Monday of 903 registered voters showed62 words
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58 1992-08-27 7 SEOUL Russia and South Korea agreed on a treaty yesterday that bound the two former adversaries to non-ag-gression, Foreign Ministry officials said. The treaty on basic relations, which will be signed in September by South Korean President Roh Tae Woo and his Russian counterpart Boris58 words
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Article64 1992-08-27 7 TOKYO More than 70 per cent of Japanese surveyed said they do not mind buying imports from Europe and North America, a study by the semi-governmental Japan External Trade Organisation showed yesterday. The 2,200-consumer survey showed that foreign manufacturers should orient their products toward Japanese64 words
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Page 7 Advertisements
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Advertisement62 1992-08-27 7 'I' iimmum| Business Opportunities iii 1 JOINT VENTURE (RISKLESS) 1 An international trading company needs investors. We trade in health food and are the l first private art auction company in Singapore. Our current art collection is valued at SI.SM. We also trade in futures in New York Chicago. Minimum62 words
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Advertisement54 1992-08-27 7 4,130cc.V8, quad cam, 32-valve Maximum power 270ps/6.ooorpm ABS and traction control system Multi-link rear suspension Duet EA-II SRS airbag Pre-tensioner front seat-belts Automatic climate control system and heat insulated glass Power seats, automatic driving position Full leather upholstery Environment friendly Nissan 3-year warranty TAN CHONG SONS MOTOR CO., (S) PTI.54 words
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Article487 1992-08-27 8 EDITORIAL TRATEGIC alliances" is now more than just a buzzword in the lexicon of management gurus. For businessmen, the words mean exactly what they say, and have become an important part of international business. Global competition has made bedfellows of even the unlikeliest of partners all in the487 words
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WHAT THE OTHERS SAY
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Article299 1992-08-27 8 THERE ARE benefits for China, too, in the new relationship with South Korea. Bilateral trade amounted to US$5.7 billion (SS9.I billion) in 1991, against US$3.B billion in 1990, and is expected nearly to double to USsslo billion this year. Beijing is said to be also299 words
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Article102 1992-08-27 8 COMMENTING on the Royal Pacific accident, Malaysian Prime Minister Dr Mahathir Mohammed said the collision illustrates the Malaysian point that some kind of toll or levy is needed to be imposed on the ships using the waterway so that the money collected can be used to102 words
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Article90 1992-08-27 8 JAPAN is actually competing with China for the leadership role in the changing strategic scenario in the Asia-Pacific. On this point, it is entirely possible that the two Koreas are in line with China. At the same time, from an economic point of view, the cooperation between China90 words
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REGIONAL VIEWPOINTS
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Article178 1992-08-27 8 THE COLLISION between the Royal Pacific and the Taiwanese trawler simply illustrates the dangers lurking in one of the world's busiest shipping lanes. It has been acknowledged that the congested sea lane sandwiched between Malaysia and Indonesia is a potential black spot for collision. But apart from pointing178 words
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Article152 1992-08-27 8 THAT VOTE BUYING has become so ingrained in our political culture is unfortunate. The ugly spectre of another damaging political polarisation already looms large in the light of unofficial forecasts that the parties and elements which were condemned for their subservience to dictatorial powers following the previous152 words
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Article180 1992-08-27 8 WHETHER Washington and its allies decide this week to impose a "no-fly" zone in southern Iraq with the intention of protecting the Shi'ite people from Iraqi attacks, the questions remain as to how legally tenable the decision is and whether President George Bush was sincere about having180 words
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Article, Illustration1004 1992-08-27 8 Harish Mehta - Prince Norodom Sihanouk, Head of State and President of the Supreme National Council of Cambodia, answered questions posed by Harish Mehta who was in Phnom Penh two weeks ago Harish Mehta PRINCE Norodom Sihanouk has kept a low media profile since his return1,004 words
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Page 8 Advertisements
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Advertisement122 1992-08-27 8 THREES A COMPANY 4i, wBE .<El^^HB /v *d H^H > 1 Management-an authorised dealer for most makes o cars.'t also offers we are actually three enter- various attractive packages prises in one. Besides ORIX covering car finance, vehicle Car Rentals, there's ORIX maintenance and motor insurance. Realty a real estate122 words
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Page 8 Miscellaneous
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Miscellaneous61 1992-08-27 8 DOONESBURY garry trudeau HI WR£iU4TCMJH6 IN THIS AGS OF PKOMKCUTTY.WHAT (HELL, UKB, I KNOW A/PS IS ALSO, LIKE.. I RBMEMOX. CAdLSZ-TV, AND Th! 9 >S P010» KIPS KAUYKMWABOUT A TOTALLY BAP TMH6 TDOST. PON7 KHOU.BUT WBSBMB 'ASK PR. WHOCPtt" WNIGHfS ThBKtSKSI GETTINGANSWGRS BUT MY PAKBNTS AK UKB SO ACWALWi i61 words
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ANALYSIS
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Article, Illustration1747 1992-08-27 9 Florence Chong - In the past, Australian companies were opportunistic, looking to Asia during a downturn and abandoning the market when the domestic economy picked up. Today, they are looking at Asia more as a part of their long-term strategic plan. Florence Chong reports from Sydney1,747 words
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413 1992-08-27 9 PETER PERINI's private company, Corinthian Industries, has expanded rapidly in the past three years but not in Australia. Today, it employs 760 people in three factories in South-east Asia, including a recent acquisition in Singapore. But he has kept his Australian operations413 words
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Page 9 Advertisements
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Advertisement286 1992-08-27 9 Introducing the Nikkei Databank a world leading databank. It's absolutely the last word on the Japanese economy, Current Data o_, offering you up-to-the-minute news, market quotes and Stock quotations (listed companies) Stock market access to historical databases. indices Listed bond quotations Bond market indices u. u-K. _4 c M .j.h286 words
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Page 10 Advertisements
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Advertisement410 1992-08-27 10 SKK (S) PTE LTD Manufacturer of Building Coatings Finishes I We Are ISO 9002 Certified MRminoruFUJll I A O Chairman I SKK Group of Companies I Vrv To always provide high quality I I Br-' service and products is emphasized as the r k. importance of our corporate policy. This410 words
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ADVERTISING & MARKETING
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419 1992-08-27 11 Ignatius Low - Ignatius Low finds affected foreign publications none too upset by the loss of tobacco advertising revenues Ignatius Low FROM next Tuesday, cigarette advertisements will be banned from foreign publications with a circulation of more than 10,000. The Smoking (Prohibition of Advertisements) (Foreign Newspapers)419 words
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315 1992-08-27 11 Claire Leow - Claire Leow describes the new technology that The Straits Times is using for its A&N section Claire Leow PUTTING together the Appointments Notices (A&N) section of The Straits Times is a tedious task. The section, carried Monday to Saturday, comprises315 words
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Article, Illustration407 1992-08-27 11 Ignatius Low - Ignatius Low attends the grand re-naming ceremony of a household name i Ignatius Low IF YOU'RE GOING to change a familiar household name, you may as well do it in a big way. Selangor Pewter earlier this week unveiled a two-metre-tall pewter tankard outside the407 words
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165 1992-08-27 11 LOCAL advertising agency Tropical Alliance Communications Pte Ltd entered into an affiliation agreement with Japan's IMC Associates on July 10. Chiu Liu Chian, managing director of Tropical Alliance, said: "Our affiliation with IMC Associ- ates will strengthen our position with the ever-growing needs165 words
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Page 11 Advertisements
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Advertisement6 1992-08-27 11 I«' |Vi Hi 1 DOCTORS •»"> 'S'- •>••.,■&-6 words
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Page 12 Advertisements
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Advertisement1316 1992-08-27 12 WHERE TO WINE, DINE... PEKING OF I 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 J to 5 pm. After your Penang Buffet Lunch, the Ist round of drinks during your Karaoke sessions's on1,316 words
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Page 12 Miscellaneous
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Miscellaneous655 1992-08-27 12 TELEVISION AND RADIO 11 1r» ~sici3 M E,e *I BUSINESS ON RADIO 11/Q Mf f nyPO If ffPP 1 10.30 Thursday Featuf# Sptdal I 7.00 CNN. 111 |I I 111 L "/I |V 111 A y 7.25 PM Opening followed by The Want to Live (See Our 7.30 Captain N655 words
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LIFESTYLE
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Article, Illustration773 1992-08-27 13 Richard Walker - In the US, fans of this music genre out-number rock 'n' rollers. Richard Walker looks at its impact across America and beyond Richard Walker Reuter TWANGY music once regarded as respectable only among rural Southerners with pick-up trucks and droopyeared dogs has become the mostReuter - 773 words
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328 1992-08-27 13 CHATTERBOX COLOMBIAN police said on Tuesday that they had seized two paintings that might be original Picassos during operations against an international money-laundering ring in Bogota. The police said that they had raided 14 buildings in the Colombian capital and seized computers, cellular telephones,328 words
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Page 13 Advertisements
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Advertisement260 1992-08-27 13 AND ENTERTAIN •wRM m J* IP H The musical magic of FRANK ROBIN arrives at Ridleys. Catch their versatile act of country and western contemporary hits at happy hours. All drinks at half price A Moo to Thar opm to 10 pro nm*t> w, s*<gapor* ins Fri 6pm to t260 words
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Advertisement312 1992-08-27 13 s a sign of j.j When you see this sign you can expect the beet because only restaurants which meet J the highest standards of beef cuisine receive it. YOU TILL SEE THE SIGN AT THE FOLLOWING RESTAURANTS: JACK'S PLACE STEAK HOUSES (733-1211) THE COMPASS ROSE THE TEA ROOM (▼ESTW312 words
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Page 14 Advertisements
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Advertisement222 1992-08-27 14 Mac users vote HP the best*. Psjj((jftgj& ji,K I |A The US Magazine Macworld has took unprecendented top Visit your nearest dealer to find just announced the winners of CKSS/ honours in every printer and there's no better time the prestigious 1992 Macworld scanner category.'' than now to start making222 words
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SPORTS
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Article, Illustration748 1992-08-27 15 AP COPENHAGEN After the race, winner Dennis Mitchell wanted a re-race. Not Carl Lewis, the loser. "Let's do it again!" Mitchell shouted at Lewis as the two Americans met officials after the race. A few minutes earlier, Mitchell had edged track's greatest athleteAP - 748 words
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Article, Illustration534 1992-08-27 15 AP CfrRLSBAD, California Gabriela SabatiAi, in her first match since Wimbledon, breezed past Kimberly Po 6-0, 6-0 on Tuesday night in the second round of the Mazda Tennis Classic. Sabatini, ranked fourth in the world, took just 45 minutes to dispatch Po, a formerAP - 534 words
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376 1992-08-27 15 AP COMMACK, New York Ivan Lendl needed only 56 minutes to beat Cristiano Caratti of Italy 6-1, 6-1, in the first round of the U*****,000 Hamlet Cup tournament on Tuesday. In other opening-round matches, No 2 Michael Chang held off Gianluca Pozzi of ItalyAP - 376 words
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193 1992-08-27 15 AP WASHINGTON Jimmy Connors will compete next year in a new tennis circuit for players 35 years of age and older. "They all want to play. It's a great way to get all the guys I grew up with back into theAP - 193 words
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334 1992-08-27 15 AFP LONDON Eric Cantona, axed by France for its friendly with Brazil yesterday, responded with a sparkling hat-trick for Leeds on Tuesday as the English champions crushed Tottenham 5-0 at Elland Road. His second treble of the season saw Howard Wilkinson's men bounce backAFP - 334 words
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SIDE LINES
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Article, Illustration127 1992-08-27 15 MILAN Lothar Matthaeus, the ailing captain of the German national team and of Italian first-division Internazionale of Milan, on Tuesday rejoined his former club, Bayern Munich. Inter officials announced they agreed on the immediate transfer of the German player, on his request. Terms of the deal,127 words
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Article115 1992-08-27 15 WELLINGTON Despite a host of problems, rugby's 1995 World Cup competition should still take place in South Africa, World Cup chairman Russ Thomas said yesterday. The New Zealander said South Africa can do the job, although he said it would need help to iron out115 words
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Article92 1992-08-27 15 LONDON England batsman Allan Lamb said yesterday that he had told the umpires that the Pakistani bowlers were tampering with the ball during the fourth one-day cricket international on Sunday. Officials changed the ball during England's innings at Lord's but as yet the International Cricket Council has92 words
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Article63 1992-08-27 15 ATLANTIC CITY, New Jersey Heavyweight Alex Stewart kept his knockout streak alive on Tuesday night, stopping Marshall Tillman in the 10th round at Harrah's Casino Hotel Stewart is 30-4 with 30 knockouts and is ranked sixth by the World Boxing Council. A looping right by Stewart63 words
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Article45 1992-08-27 15 ATLANTIC CITY, New Jersey Former heavyweight champion Tim Witherspoon won a 10-round unanimous decision over Tony Willis at Harrah's Marino Hotel Casino on Tuesday night. Witherspoon, rebounding from a July 21 loss to Everett Martin, was forced to win a fast-paced bout.45 words
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Article102 1992-08-27 15 MIAMI From their locker room at Joe Robbie Stadium, the Miami Dolphins listened to the steady roar not from cheering fans, but from Hurricane Andrew. "You could hear shaking and rattling and the water coming down," rookie cornerback Troy Vincent said on Tuesday. "It was scary." At102 words
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Page 15 Advertisements
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Advertisement133 1992-08-27 15 Now you can sing your heart out at our sleek Karaoke pub and enjoy your own renditions of jg hot hits. Sharing the limelight is Sue Parry, Australia s golden girl of the Perth Wildcats' fame. Watch her sizzle, belting out top hits Y \and your favourite numbers. t 0%133 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3546 1992-08-27 16 Quak Hiang Whai - By Quak Hiang Whai LED BY Singapore Airlines, which rose on news that its bonus issue had been approved, share prices climbed sharply across the board yesterday on moderate trading. The Straits Times Industrials Index jumped 31.62 points to 1,370.53. Total turnover3,546 words
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Article, Illustration82 1992-08-27 16 Quak Hiang Whai - Quak Hiang Whai AFTER hovering around $1 for about a year, UICs share price slipped and broke the support level at 85 cents. A further fall to 80 cents should be seen as an opportunity to buy as the indicators are showing signs of it being oversold. TheSOURCE: BRIDGE INFO - 82 words
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Page 16 Advertisements
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Advertisement55 1992-08-27 16 CALL MILANO'S HOT DELIVERY HOTLINE NOW! j 468-2222 i I for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of $10.00 $3.00 surcharge for delivery after 11.00 pm. g i MILANO55 words
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Article2910 1992-08-27 17 SIA Foreign 1590 +120 +8.2% SIA 1350 60 47% SIA 200 1360 60 4.6% DBS Foreign 1150 +40 +3.6% OCBC Foreign 1120 4 30 +2.8% SPH Foreign 1250 +30 +2.5% UOB Foreign 690 30 M.5% CAC 580 +25 +4.5% Roth Inds 50* 535 +25 +4.9%2,910 words
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Page 17 Advertisements
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Article3121 1992-08-27 18 Magnum Corp SO* 470 +52 +12.4% Dunlop Est 193 30 +18.4% Dunlop Est CULS 185 +27 17.1% M1SC Foreign 412 +22 +5.6% Oriental Hldgs 560 +20 +3.7% Golden Hope 125 +8 +6.8% Hume M 310 f8 +2.6% Sime Darby 50* 242 +7 +3.0% Landmarks Bhd3,121 words
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Page 18 Advertisements
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Advertisement54 1992-08-27 18 EXAMFEVER is in the air. For O-level students, it's revision time. The New Paper shows how they can study smart with its new Exam Smart series starting today. And don't miss the two 16-page revision guides on English and Maths, next month. Be Exam Smart with The New Paper today.54 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5268 1992-08-27 19 Bernama THE SHARE market recovered from initial shock on Telekom's sharp plunge to close firmer on bargain-hunt-ing activity yesterday. Investors, who scrambled to the sidelines after liquidating their positions in early trading, returned to buy stocks at bargain prices soon after Telekom wasBernama - 5,268 words
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BT SHARE INFORMATION SERVICE
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Article208 1992-08-27 20 Company Data Year Groap Nat Nat aaratei [s Cross ann to profit/loss (L) par than COOO) (carts) Alex Hldgs Aug 25 Mar 92 Jl,050(5461) 53(2.3) 6(6) Malayawata Aug 17 Mar 92 MJS0.782 ($50,395) 37 8(37.5) 15TE(7.5TE) MetalocK Aug 12 Mar 92 $4,479(55,048) 18 7(21) 10(10) Ptlangi Bhd Aug208 words
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Article203 1992-08-27 20 Cwnpmy Data Year Graap pre-tax Nat earning s Cross MM to profit/loss (L) par share dMdaad COOO) (Mats) Insas Bhd Aug 21 Jun 92 M$4,109l($5,211L) KL Industries Aug 21 Jun 92 MS 19,655 ($13,797) 7.3(3.7) BMT Aug 20 Jun 92 11.518(11.348) 3376(306.3) 140 9(150) Centrepnnt Aug 20 Jun203 words
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Article419 1992-08-27 20 C—PT Data HaHyaar Craap pra-tax Interim ana ta praflt/laM (L) dlvMaad COOO) UPP Aug 25 Jun 92 $823($608) Landmarks Bhd AUg 24 Jun 92 M$24.341 ($9,497) M Resources Aug 24 Jun 92 M$3.630($99) MiSC Aug 24 Jun 92 M$244 659($260.649) 8(8) Inch Ken Aug 21 Jun 92 MSI.372419 words
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Article784 1992-08-27 20 Carrtat Ex •MfcS Dal* Trial tar Trial tor 4ata dm payafete thayaar Im t yaar Mm Mdgi 50c 6%(b) Aug 26 Sep 7 Sep 24 6% 6% tool 25c in Aug 21 Aug 27 Sep 10 10% 10% Ml Pac Id 50C 2%<b) Jul 23 Aug 6 Sep784 words
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Article37 1992-08-27 20 Aug 25 Sombawang Shipyard Ltd has agreed to pay $111.4 million cash for Sembawang Holdings' majority stake in Jurong Shipyard Ltd as part of its restructuring scheme to make Sembawang Shipyard Ltd the parent company.37 words
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Article243 1992-08-27 20 Company Rights Issue Gtedan Hop. One-tor-sn MSI 50 per share b-date At« 27 Books dose Sep 10 Acceptance A Payment NYA IMS One-tor-one MS500 per stare ti-date Sep 7 Books dose Sep 21 Acceptance I Payment NYA OUT One-tor two fe SI 50 per stare Ei-date Au| 19243 words
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Article495 1992-08-27 20 Cowpawy Rights Issue Manca Tech One-tor-one S100 per stare. hmt SM Orator three MS2 20 per dare Issue of *****m 50% Cumulatrw Redeemable Preterence shares of 10 sen each 1992/97 (CUPS) with n> to *****m Transferable Sutacnpbon ftghts (TSR) tor an aoregate M P" mth one TSR. on495 words
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Article96 1992-08-27 20 Sembawang Maritime Ltd: EGM at 456 Alexandra Road, 4th Storey, NOL Butfng. Singapore 0511, on Thursday, August 27, at 9.30 am Pebngj Bhd: 19th AGM and EGM at Registered Office, Level 16, Menara Peiangi, Jin Kuning, Taman Peiangi, ***** Johor Bahru on Thursday, August 27, at 10.30 am96 words
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300 1992-08-27 20 la local car la SS la USt 6y yr &y yr ty yr A«g 21 late* OrOr o»cfcr World 374.5 2.0 -8.3 1.7 -*.4 1.8 -7.7 tEAFE 430.2 3.1 -14.3 3.0-13.6 3.0-13.0 Europe 391.0 0.3 -4.9 0.0 -1.8 0.1 -1.1 KSffc 627.7 6.3 -21.6 6.3300 words
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Article, Illustration610 1992-08-27 20 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve asCHARTS BY BRIDGE - 610 words
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CHINA STOCK EXCHANGES
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Article, Illustration361 1992-08-27 21 12 PRICES of 'A' shares took a turn for the better yesterday after a recent downward slide but 'B' shares closed lower, Hongkong brokers said. Share prices slid in the morning on Shanghai's 4 A' share market, but afternoon bargain-hunting boosted12 - 361 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration951 1992-08-27 21 Reuter SHARE prices eased across the board in light trading yesterday, brokers said. The official index fell by 0.79 points to 300.211 on turnover of 1.030 million shares. Cigarette makers Sampoerna, Jaya Pari Steel and 811 bank all lost 50 rupiah each,Reuter - 951 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2132 1992-08-27 21 Reuter STOCKS ended yesterday slightly lower in dull trade hit by political uncertainty ahead of the Sep 13 elections, reports of official surveillance of trade malpractices and WaH Street's bearish outlook, brokers said. The SET Index eased 1.63 points to end at 752.85 onReuter; Source: Bridge Info - 2,132 words
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Page 21 Advertisements
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Advertisement58 1992-08-27 21 UiUlflf 111 mWW A||f II I I 111 I I I I I I I ■111 111 ■111 Find out in III! I Hi H I I II I r I I I I HI VIII Personal Investment and Finance. II I I I H II H Ift I 11158 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2597 1992-08-27 22 Reuter STOCKS ended firmer yesterday with the Nikkei Average fluctuating aimlessly. While profit-taking hit prices, fresh buying of incentivebacked issues gave the market support, brokers said. "The market will stay at this level until new factors come in," said Tadashi Kawakami of Merrill Lynch.Reuter - 2,597 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2497 1992-08-27 22 Reuter SHARES yesterday ended a series of heavy losses with a sharp rise propelled by higher than expected profits from HSBC Holdings, brokers said. The Hang Seng Index closed up 187.32 points (3.54 per cent) at 5,478.81 following news of a 51 per cent riseReuter - 2,497 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2099 1992-08-27 23 Reuter SHARES yesterday recovered three quarters of the losses sustained in Tuesday's global rout to close sharply higher on the day. But brokers were still worried the world currency crisis could hit shares further. "I think shares could stabilise around this level butReuter; Source: Bridge Info - 2,099 words
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REGIONAL STOCK MARKETS
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Buying spree sends Seoul index higher
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Article861 1992-08-27 23 A FOLLOW-THROUGH across-the- board buying spree pushed Seoul stocks through the psychological 500 level to end higher for the fourth consecutive session yesterday. Brokers said active institutional buy- ing inspired by fears of punitive govern- ment action helped push the index up J9.37 points to close at 513.87. I861 words
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Article505 1992-08-27 23 SHARE prices reversed early gains to finish lower in thin trade yesterday, dominated by short-term speculation by major players, brokers said. The Weighted Index lost 23.35 points to close at 3,793.03. Turnover fell to a thin NTS 18.7 billion from Tuesday's NT521.85 billion. Brokers said major players continued trading505 words
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Article90 1992-08-27 23 SHARE prices fell on nervous selling on Tuesday triggerred off by a mutual fund official's comment that the Bombay Stock Exchange Index was unrealistically high, brokers said. SA Dave, chief of the state-owned Unit Trust of India, one of the biggest players in the Indian stock markets, told a90 words
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Article49 1992-08-27 23 Clow Pmtmm a n» NEW ZEALAND NZSE-40 Capital 1,459.52 1,457.63 1.89 MAMLA Composite Index 1,454.49 1,440.45 +14.04 Turnover (mil pesos) 235.0 188.6 +46.4 IMPS Weighted Price Index 3.793.03 3,816.38 -23.35 Turnover (NTS billion) 18.7 21.S5 -3.15 SEOUL Composite Stock Index 513.87 494.50 +19.37 Turnover (billion woo) 304.8 251.7 +53.149 words
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Article550 1992-08-27 23 SHARE prices, recovering from a fourday slide yesterday, staged a modest retound led by gains in state-owned Philippine National Bank, dealers said. The Manila Stock Exchange Com- posite Index gained 14.04 points to close at 1,454.49 from Tuesday's 1,440.45. "The market was simply reacting to a four-day drop. It550 words
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Article228 1992-08-27 23 SHARES ended slightly firmer yester- day, mirroring calm on Wall Street and modest gains on other international bourses. The NZSE-40 Capital Index finned 1.89 points to 1,459.52 after going as low as 1,451.61. Turnover was worth a meagre NZ$l5.7 million. John Rowley of Buttle Wilson said the market228 words
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WORLD STOCK MARKETS
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US stocks end 4-day losing streak
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Article, Illustration1337 1992-08-27 24 STOCKS ended their four-day losing streak on Tuesday on the New York Stock Exchange in active trading as some late program buying helped to dampen concerns over the ailing US dollar and the health of the nation's economy. The blue-chip Dow Jones Industrial Average, which had fallen 101.311,337 words
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Article193 1992-08-27 24 SHARES closed ofT their day's lows on Tuesday as a flat opening on WaH Street brought some bargain-hunters back in the market, but the index was still down 1.54 per cent, mainly general bearishness caused by weak US dollar. The Bel-20 Index of leading shares closed 16.70 points lower193 words
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Article333 1992-08-27 24 SHARES closed about one per cent lower on Tuesday as the weaker US dollar and weak European share markets weighed on sentiment. Dealers said Tuesday's session showed just how strongly the US dollar influenced price movements. "Buying set in in the afternoon when the US dollar went above 1.25333 words
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Article221 1992-08-27 24 SHARES ended at new 1992 lows in moderately active trade on Tuesday. A further slide in the US dollar and a weak early Wall Street added gloom to a market which earlier followed the London bourse down. The EOE Index closed 2.81 points down at 272.04, a new low221 words
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Article, Illustration849 1992-08-27 24 SHARE prices fell in trading on the London Stock Exchange on Tuesday, down again on worries over the weakness of the pound and two polls showing waning French support for the Maastricht Treaty. At the close, the FTSE Index of 100 leading shares was down 30.1 points on Monday's849 words
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Article415 1992-08-27 24 Other markets in Europe, South Africa and Canada Un Steel 25 Usko 15 Wooltru 4300 MININGS Anglos 9550 200 Angvaal 7100 +100 Buffets 1950 unch Charter 3570 unch Con Gold 2550 Consmurch 125 unch De Beers 5270 155 Dries 3700 75 ERPM 710 unch Elsburg 175 Ergo 345 unch i415 words
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Article341 1992-08-27 24 THE FORTUNES of the US dollar kept stocks on a tight string during the day before the market closed slightly weaker, dealers said. The US dollar flipflopped around the 1.40 level against the German mark before rising to about 1.4020 at the stock market close. "It has been a341 words
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Article278 1992-08-27 24 SHARE prices fell sharply on Tuesday on a mix of a stumbling lira, the poor performance of other bourses and fears about possible financial problems for some brokerages, brokers said. "There are fears about some heavy lay-offs at some brokerages because of the scarcity of business," said one trader.278 words
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Article137 1992-08-27 24 SHARES set a new year-low for the sixth consecutive day on Tuesday on higher domestic credit yields and general pessimism about the economic outlook. Weaker foreign bourses and recent unexciting six-month results by Swedish companies added to the gloomy picture. "If a result lives up to expectations you just137 words
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Article256 1992-08-27 24 THE STOCK market continued to fall on Tuesday and the Dax Index closed down by 2 per cent to 1,468.91 points, having reached 1,460.63 points which was the lowest point since February 1991 during the Gulf war. The Commerzbank Index fell by 1.90 per cent to 1,643.90 points. The256 words
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Page 24 Advertisements
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Advertisement17 1992-08-27 24 The market reports for Paris and Johannesburg were not available.- > Advertising Marketing in Business Times every Thursday17 words
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CURRENCY, MONEY & FUTURES MARKETS
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1180 1992-08-27 25 REPORTS THE US DOLLAR ended higher in Tokyo yesterday on short-covering and position adjustments, dealers said. Dealers said the dollar's upturn was mostly a technical response after it repeatedly broke record lows this week, and that sentiment was still bearish. "The dollar's1,180 words
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269 1992-08-27 25 Reuter MADRID Present deutschemark strength and sterling vulnerability is putting unexpectedly strong pressure on the peseta, leaving Spanish authorities with few options to support one of its few weapons against inflation, analysts said. They saw the peseta remaining at lower levels to the mark atReuter - 269 words
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Article1571 1992-08-27 25 SjjjEX mmmm Open High Low Sett Est Vol Act/Vol Op/lnt Sep 92 %.53 %54 %52 %52 2500 4859 ***** Dec 92 96.29 96.32 96 28 96.29 5800 ***** ***** Mar 93 96.19 96.23 96.19 96.22 3800 ***** 211% Jun 93 95.86 95.92 95.86 95.90 2700 4262 6667 Sep1,571 words
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Article378 1992-08-27 25 Cross rates Aug26 USS SS MS Dm Yen SFr AS NZS USS 1.6010 2.4875 1.4060 124.85 0.5039 1.2525 1.4006 1.8484 SS 0.6246 1.5537 0.8782 77.9825 0.3147 0.7823 0.8748 1.1545 MS 0.4020 0.64 0.5652 50.1910 0.2026 0.5035 0.5630 0.7431 Dm 0.7112 1.1387 1.7692 88.80 0.3584 0.8908 0.9961 1.3147378 words
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Article526 1992-08-27 25 Interbank rates S$ Bid Offer Overnight I 5/8 I 3/4 1 -month 2 1/8 2 1/4 2-month 2 3/16 2 5/16 3-month 2 1/4 2 3/8 Overnight mode: 1-5/8 US$' Bid Oder 7 days 3 3/8 3 1/2 1 month 3 3/8 3 1/2 2 months 3 7/16526 words
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Page 25 Advertisements
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Advertisement7 1992-08-27 25 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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317 1992-08-27 26 Reuter STAVANGER, Norway Current low crude oil prices have discouraged investment in new oil fields and could endanger future supplies of the world's key fuel, participants at major oil conference said on Tuesday. Oil prices are currently around US$2O a barrel,Reuter - 317 words
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765 1992-08-27 26 REPORTS SINGAPORE: Falls in the Tokyo rubber market continue to dampen rubber futures, causing prices to remain weak at the end of the afternoon session yesterday, brokers said. The market did not react to a key US tyre-manufactur-er bidding Dec and Jan-Mar TSR-20 at 132.75765 words
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338 1992-08-27 26 Reuter BOGOTA Coffee-produc-ing countries will have to analyse other alternatives if agreement cannot be reached on a new International Coffee Agreement, Jorge Cardenas, general manager of Colombia's National CoffeeGrowers' Federation, said. Mr Cardenas was speaking at the end of a four-dayReuter - 338 words
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Article1476 1992-08-27 26 Rubber MS Commodity Exchange (hit*™* cfcntng h at lpw) K$S 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest 140.75 140.50 140.25 700 TOOO Oct 138.50 138.00 138.00 425 3,125 Nov 137.50 137.00 137.00 200 3,525 Dec 137.25 137.00 136.75 150 3,950 Jan/Mar 93 137.251,476 words
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Page 26 Advertisements
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Advertisement239 1992-08-27 26 WHO'S IN Find out in Personal Investment and Finance. Every Saturday in Business Times The Straits Times Weekly Overseas Edition. A crisp happenings in Singap°re"sat investment o- opportunities appointments... And snippets on Malaysia and Asean. A convenient tabloid delivered to you every week, whereever you may be. Subscribe now. And239 words
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Article1229 1992-08-27 27 c«» rmrt n a right no Kata t" —>"»- MH631 1520 MH630 0950 Kaala Lmmt MH601 0120 MH602 0700 MH640 0805 SQ102 0730 MH630 0855 MH604 0740 SO103 0950 SQ104 0830 MH605 1020 MH670 0950 SO105 1050 SQ106 1045 MH642 1220 SQ108 1145 SO 107 13051,229 words
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THE TRAVEL PAGE
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Article, Illustration707 1992-08-27 27 Michael Woods - POSTCARD FROM NGORONGORO JFJFJT JFJT Jw Mr Jtr J&r Jtr By Michael Woods ON TIPTOE, and with a smiling frown on her broad fawn face, the lioness danced playfully away from the white-tailed mongoose. This valiant animal, little bigger than a cat and with a707 words
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Article152 1992-08-27 27 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1365 1.1520 Canadian dollar 1.3298 1.3567 NZ dollar 0.8568 0.8742 Sterling pound 3.1677 3.2105 US dollar 1.5980 1.6050 Local dollars to 100 Hits of foreign cwmcy Austrian schilling 16.10152 words
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Article72 1992-08-27 27 Duration Title Venue Organiser Tel Sept 12-29 International Turin, Italy Torino *****569 Caravan Caravan Esposizionio Equipment Exhibition Sept 26-27 International Geneva Societe 022-*****78 Minerals Tair Genevoise de Mineralogie Duration Title Venue Organiser Tei Sept 24-29 International Valencia, Feria Muestrario (34)6/*****11 Furniture Fair Spain Internacional De Valencia Sept72 words
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Page 27 Advertisements
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Advertisement45 1992-08-27 27 It's amazing the lengths Pinnair goes to For just one price. Fly Pinnair to Europe and well take you to 35 European destinations for the same price. Check with your travel agent or call *****77 for more details. We Know Europe Cram Mart to Furnish.45 words
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Advertisement6 1992-08-27 27 Innovation Technology in BT every Tuesday6 words
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Advertisement797 1992-08-27 27 BUSINESS T I M_^E_S__ Toll ff»® Tel No 737 0043 Fax No: 734 3606 rSCHLUMBERGER LTD. A US$6 billions Company is currently searching I CAD/CAM DISTRIBUTORS for Singapore. Indonesia. Thailand. Malaysia, India Pakistan. The Regional Director ScNumberger Technologies (Asia Parity Ltd CAD/CAM Division 12 Lor. Bakar Batu, *07-07/11 Singapore 1334797 words
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Advertisement333 1992-08-27 27 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KIM SWA REALTY A CREDIT PTE LTD (Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Chapter 50 that a Final Meeting of the Members of the abovenamed company will333 words
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Page 27 Miscellaneous
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Miscellaneous190 1992-08-27 27 10 Mind a rose, variegated, fll^_fll—J—Bß—Bß— taking a shortname? (6) pi I I I I I I I I there's slow movement Hf|H 12 Bird ever fluttering in 1^ flower base (5-3) 1 M I 13 Courteous Clement, with courage 17 Keep unusual dialect (7) 20 Savoy to sustain 25190 words
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Miscellaneous160 1992-08-27 27 Singapore Outlook; Showers over several areas in the morning. Report Maximum temperature 32.5 Assoc humidity 59% Minimum temperature 25.0 Assoc humidity 92% Hours of sunshine 6.45 Rainfall in mm Trace Rainfall this month 74.5 Rainy days this month 8 World report Asia-Pacific Hi/Lo* Cond. Auckland 16/06 Cloudy Bangkok 34/26 Clear160 words
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Miscellaneous28 1992-08-27 27 r SofcfcY, \we got to twis P»Rm up\S f n rst oul. IN iwe V£lr*>SM -mis VON rv>N/ J£gVlCfcS... -i—Br iA- L c 9740 ASSOCIATED NIWAfIM LTD, IM2-IN228 words
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424 1992-08-27 28 Philippine Congress urged not to meddle with proposal Reuter MANILA Philippine President Fidel Ramos yesterday presented Congress with a 330.2 billion peso (5520.3 billion) budget for calendar 1993, 7 per cent higher than this year, and including a higher deficit. It is his firstReuter - 424 words
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250 1992-08-27 28 Knight-Ridder SINGAPORE The Indonesian government has given a warning against an uncontrolled flow of funds into the country, the Jakarta Post reported yesterday. "The Investment Coordinating Board should not overpromote because we still have a tight money policy, and the problem ofKnight-Ridder - 250 words
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Article, Illustration727 1992-08-27 28 LEE HAN SHIH; LEE HAN SHIH - The Bottom Line LEE HAN SHIH LEE HAN SHIH The writer is a BT news editor THE property market is witnessing a development it never would have believed possible just five years ago. In about a month's time, the Housing Design Conference727 words
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187 1992-08-27 28 Reuter WASHINGTON United States durable goods orders fell sharply in July, adding to evidence of a sputtering economy, the Commerce Department said yesterday. Orders fell 3.4 per cent, the biggest fall since last December, mainly due to a big drop inReuter - 187 words
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Article, Illustration260 1992-08-27 28 Salil Tripathi - By Salil Tripathi SINGAPORE The Philippines has established "very attractive laws" to improve its investment climate, said Philippine Foreign Secretary Roberto Romulo, on his arrival in Singapore on a twoday official visit. He welcomed commercial interest from everyone, including Singaporean investors. Mr Romulo said:260 words
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356 1992-08-27 28 Reuter TAIPEI Taiwan, worried by rising outflows of capital, will encourage its businessmen to expand trade with China but discourage investment there, a newspaper reported on Tuesday. The Economic Daily News quoted Chen Ming-chang, head of the economic department ofReuter - 356 words
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298 1992-08-27 28 Reuter AP WASHINGTON President George Bush yesterday announced that Washington and its allies were establishing a "no fly" zone in southern Iraq to seek Baghdad's compliance with the terms of the Gulf War ceasefire accord. At the United NationsReuter; AP - 298 words
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220 1992-08-27 28 Reuter GENEVA Palestine Liberation Organisation leader Yasser Arafat said yesterday that American bias in favour of Israel was a "cause to abort" US-sponsored ArabIsraeli peace talks. In a fierce speech to a UN-organised conference on the Palestinian question, he said:Reuter - 220 words
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316 1992-08-27 28 AFP TOKYO Fear of a French "no" vote on the Maastricht Treaty, following the Danish example, has pushed Japanese investors to sell massive amounts of their European currency unit (ECU) holdings and European stocks. The selling trend, according to analysts in Tokyo, will continueAFP - 316 words
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177 1992-08-27 28 AFP LONDON British Prime Minister John Major opened an international conference on the former Yugoslavia here yesterday with a threat of total isolation of Serbia and Montenegro if it failed to accept negotiations to the Bosnian conflict. Hardline Serbian President Slobodan Milosevic was attendingAFP - 177 words
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Advertisement34 1992-08-27 28 Nikon The World's Finest Photographic System MEDICAL SUITES Available For Lease Right in the heart of ORCHARD ROAD New commercial building From 1,000 sq ft upwards Close to Orchard MRT station Outside Restricted Zone34 words
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Advertisement7 1992-08-27 28 Leadership abilities of Ramos questioned, Pg 67 words
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Advertisement91 1992-08-27 28 Nikon The World's Finest Photographic System —< Trends THE lead article in this month's issue of Trends, a four-page publication of the Institute of Southeast Asian Studies which appears in today's Business Times, looks at the prospects for East and South-east Asia of inflows in Japanese foreign direct investments for91 words
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ISEAS TRENDS
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Article, Illustration1930 1992-08-27 29 Mah Yeok Fun; Tharman Shanmugaratnam - Mah Yeok Fun and Tharman Shanmugaratnam look at what's on the cards for the region Mah Yeok Fun and Tharman Shanmugaratnam Mah Yeok Fun and Tharman Shanmugaratnam are Senior Economist and Director, respectively. Economics Department. Monetary Authority of Singapore. Their views do not1,930 words
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Article, Illustration1629 1992-08-27 30 Janadas Devan - Janadas Devan pinpoints the differences Janadas Devan HOW good a student is the Singaporean undergraduate? Does the education system allow him to fulfil his full potential? A logical way of answering these questions is to compare the Singaporean with students from other systems.1,629 words
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Article, Illustration1499 1992-08-27 30 Laurel Braswell-Means - Laurel Braswell-Means suggests some possible answers as to why there is a gap between the blooming of local literature and its lack of overseas sales Laurel Braswell-Means SUDDENLY, Singapore's literary scene has acquired a new life and excitement, probably unparalleled in any other nation's1,499 words
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Article, Illustration1393 1992-08-27 31 Mike Yeong - Mike Yeong takes a look at Beijing's increasing political and diplomatic comfidence Mike Yeong The writer is a Fellow of the Institute of Southeast Asian Studies IS CHINA really asserting itself in the Asia-Pacific in the wake of the reduction in American and Soviet/Russian military presence in1,393 words
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Article949 1992-08-27 31 Yao Souchou - Yao Souchou assesses Its implications Yao Souchou AT GILLMAN, an industrial wasteland north-west of Adelaide, the South Australian government is planning an innovative high-tech city. Eventually to accommodate up to 100,000 people, the city will be devoted to high-technology research and development and information tech-nology-based industries. The949 words
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Article, Illustration1361 1992-08-27 32 Amitav Acharya - Amitav Acharya evaluates the role of the Khmer Rouge Amitav Acharya EFFORTS to bring peace and stability to Cambodia, which entered a decisive phase following the signing of the Paris Peace Agreement last year, have received a serious setback. Several factors have combined to undermine the1,361 words
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189 1992-08-27 32 MOST books on the political economy of Thailand have tended to shy away from putting the country in comparative perspective. However, a new work by Dr Anek Laothamatas, a political scientist at Thammasat University, attempts just such an approach. Business Associations and the New189 words
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Article, Illustration903 1992-08-27 32 Michimi Muranushi - Should Japan come out of her shell? Michimi Muranushi reflects Michimi Muranushi MANY people ask whether Japan will be a leader in world politics, particularly in the aftermath of the passing into law of the Japanese Peacekeeping Operations bill. Has Japan903 words
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Advertisement83 1992-08-27 29 SPHSHINE PRESENTS THE YVORLD SHARE MARKET I Covering the six markets in Hong Kong, abreast of the latest activities in the major New York, London, Tokyo, Sydney and markets around the world. Singapore, Shine SPH's information on Teleview)brings you The World Share Mar- k Sponsored by Hong Leong Finance and83 words
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Advertisement207 1992-08-27 30 Trends A inipfr |l rfllit joyflleMl Am— Soxfata Edttors-in-diiof S. Rajaratnam K. S. Sandhu Editor Derek da Cunha Assistant Editor Pang Yin Wah international Advisory Committee t Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. Koh (Singapore) Mochtar Kusuma-Atmadja (Indonesia) Seiji Naya (USA) Kazuo Nukazawa207 words
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Advertisement282 1992-08-27 31 24-25 September 1992 The Pan Pacific Hotel, Kuala Lumpur First time held in Asia. International and regional experts include: William M Voigt, Executive Director, S Navaratnam, Senior Lecturer, Birmingham Parking Authority, USA MARA Institute of Technology, Malaysia John Polak, Principal Research Fellow, Sudigdo, Head, University of Oxford Transport Studies Unit,282 words
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Advertisement285 1992-08-27 32 1 Someone dose has beenlving Your son In Canada is studying for some years. oveiseas. And you witting those ■TnS long letters. Knvplgfl want him The Straits Hmes HuUm-jg|H close to home Weekly teds It bettet -with news (He might from home. comeback after reading aB the good news.) To285 words
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