The Business Times, 3 October 1992
1992-10-03
1
30
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The Business Times
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Title Section18 1992-10-03 1 Business Times MITA (P) 35/12/91 Weekend Edition, October 3-4 1992 THE BUSINESS PAPER FOR S-E ASIA 75 418 words
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NEWS & MARKETS SUMMARY
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62 1992-10-03 1 WASHINGTON The US unemployment rate edged down slightly to 7.5 per cent in September, the Labour Department said yesterday. The 0.1 percentage point improvement was better than expected as many economists had braced for the rate to jump sharply given the adverse62 words
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Article54 1992-10-03 1 BRASILIA President Fernando Collor was suspended from office yesterday and Vice President Itamar Franco replaced him as the nation's interim president. The transfer of power opened the way for a trial of Collor in the Senate on charges of corruption and abuse of power, the culmination of54 words
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Article37 1992-10-03 1 LONDON share prices were higher at midday yesterday. At about 12:30 pm (1130 GMT), the FTSE 100-sharc index was 6.3 points, or 0.2 per ccnt, higher at 2,578.6. Dow Jones was not available at press-time37 words
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Article33 1992-10-03 1 THE wrecking ball, the ice axe, the watering can and the oar are the tools of this year's productivity campaign which is being directed by and targeted at bosses Page 233 words
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Article32 1992-10-03 1 THE Hard Rock Cafe division of Hotel Properties plans a major expansion in Asia following the success of its outlets in Singapore, Kuala Lumpur and Bangkok Page 332 words
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Article33 1992-10-03 1 MALAYSIAN companies are increasingly turning to shareholders for funds to avoid high borrowing costs, but these huge cash calls are weighing down the stock market, analysts said Page 333 words
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Article, Illustration29 1992-10-03 1 Friday Change BT-MGA 653.01 -3.11 Kuala Lumpur ....594.59 -3.51 Tokyo 17,324.07 -45.84 Hongkong 5,595.44 +66.6 Sydney 1,483.0 +10.9 Thursday Change New York 3,254.37 -17.29 London 2,572.3 +19.329 words
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Article22 1992-10-03 1 Exchange rates USS SS 1.5910 100 Yen SS 1.3286 MS SS 0.6372 Money market rates Overnight 1 -1/4 3-month 19/16% +1/1622 words
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Article35 1992-10-03 1 London Gold AM fix USS348.00 US$0.40 Rubber S'pore Nov 144.00*/kg +0.50 M'sia Nov 22l.50*/kg +1.50 KL Tin Turnover 33tonnes +11 Spot MS16.0Q/kg +0.30 Cmdo palm oil Turnover 522 lots -243 Dec MS868 /tonne -335 words
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675 1992-10-03 1 Alvin Tay, Leslie Yee - Bangkok-Labuan-Sydney threat looms as some local operations contract By Alvin Tay, Leslie Yee SINGAPORE Aspiring regional financial centres such as Bangkok, Labuan and Sydney pose fresh challenges for Singapore's offshore banking operations, which have been hurting because of a slowdown in activities by several675 words
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252 1992-10-03 1 NYT DALLAS Ross Perot jumped back into the race for the US presidency on Thursday, instantly creating new risks, opportunities and uncertainties for Governor Bill Clinton and President George Bush in the final 33 days before Election Day. Mr Perot, who boltedNYT - 252 words
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Article, Illustration455 1992-10-03 1 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Sea Palace, the floating restaurant owned by Hongkong-listed Shun Tak Holdings, seems to have hit on the right combination of novelty and seafood. Singaporeans have flocked to the colourful Chinese-style catamaran since it opened a month455 words
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373 1992-10-03 1 Soh Tiang Keng - The big blackout By Soh Tiang Keng SINGAPORE Singapore insurers are likely to have to pay between $10 million and $15 million to the Public Utilities Board as a result of Tuesday's blaze at Senoko power station. The373 words
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148 1992-10-03 1 AFP SCHWERIN, Germany The Bundesbank held its interest rates unchanged at a meeting of its central council here yesterday, and the US dollar and sterling fell in Frankfurt in an immediate response to the decision. The US dollar fell from 1.4165 marks to 1.4100-AFP - 148 words
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Page 1 Advertisements
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Advertisement135 1992-10-03 1 Nikon TWa \ik ll* ffrfr ni n iManlilr 6i«A*«m inf *WiO I rKwH HjOWflfiprwC oyiwfn. OPINIONS The affluence trap; That new TV family ad stinks el 2 COVER Flying on the wings of the pound EL 1 A*cratt Schedule EL 11 Commoditie 17 Company News 3,4 Cryptic Crossword El 11135 words
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Advertisement18 1992-10-03 1 LIFESTYLE Treasures of India on auction EL 3 Bush camp hopes Perot will shake Clinton's lead, Pg 718 words
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Advertisement190 1992-10-03 1 Nikon TlwWWd'«Fne«l PhrtoyM* tyUm. UJ mm II i' Is it time to pick up Malaysian stocks? ELS PURSUITS Beer, women and song in Tokyo EL 7 PURSUITS Woeful Wim Wenders; confusing crimes el 6 Of lasting value collection of antique watches at watchmakers of Geneva is preserved in the creation190 words
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Advertisement8 1992-10-03 1 London, Bonn move to cftfc currency row, Back'-Pg8 words
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PAGE 2 NEWS
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Article, Illustration584 1992-10-03 2 Anna Teo - Media campaign to remind bosses to take the lead By Anna Teo SINGAPORE The wrecking ball, the ice axe, the watering can and the oar are the "tools" of this year's productivity campaign which is being directed by and targeted at bosses.584 words
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Article369 1992-10-03 2 Firm says it intends to remain a minority shareholder FT, Reuter LONDON Hongkong Land, one of the colony's leading property investment and development companies, has acquired 14.99 per cent of Trafalgar House, the UK property, engineering and construction group. It will tender for another 15FT,; Reuter - 369 words
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326 1992-10-03 2 Reuter SINGAPORE Marketmaking brokers at the fledgling Singapore RAS Commodity Exchange (RASCE) are considering charging each other commission for trades but are divided on the issue, rubber industry sources said. Brokers say the move would narrow spreads in the RASCE's screen-based prices, butReuter - 326 words
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Article, Illustration152 1992-10-03 2 SINGAPORE More than 100,000 visitors are expected at the first-ever money exhibition organised by the Board of Commissioners of Currency, Singapore (BCCS), which starts today at the World Trade Centre. Held to commemorate the 25th anniversary of the BCCS, the exhibition traces the152 words
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400 1992-10-03 2 Colin Tan - Response expected to be as good as for first round By Colin Tan SINGAPORE The Housing and Development Board yesterday announced the second batch of shops to be offered under its sale programme to tenants. The 300 shops are in Bedok,400 words
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Article, Illustration278 1992-10-03 2 Hong Lee Tiam - By Hong Lee Tiam SINGAPORE Finnair's fax machines ran hot yesterday after an advertisement in Business Times. The airline said callers jammed the lines after reading an ad offering bargain-price flights to Bangkok on its new McDonnell Douglas MD-11278 words
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255 1992-10-03 2 SINGAPORE SATS Airport Services yesterday officially opened its $18-million Express and Courier Centre, more than six months after it started operations. Touted as the first dedicated facility of its kind in Asia, the centre is expected to give Singapore a boost in255 words
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Page 2 Advertisements
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Advertisement647 1992-10-03 2 111. 11l II I 111 I 111 II 111 I II 1 niiimi mi I asfe ORP LIMITED (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of GRP Limited will be held at World Trade Centre Club Singapore,647 words
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COMPANY NEWS 1
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Article, Illustration346 1992-10-03 3 Maggie Ford - Hotel Prop division plans outlets in Bali, Surabaya, HK and Beijing From Maggie Ford in JAKARTA THE Hard Rock Cafe division of Singapore-listed Hotel Properties plans a major expansion in Asia following the success of its outlets in Singapore, Kuala346 words
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237 1992-10-03 3 Bernama KUALA LUMPUR Red Box (Malaysia) Bhd's group operating pre-tax profit edged up 2.4 per cent to M 53.92 million (552.5 million) for the half year ended July 31, 1992, from M 53.824 million in the previous corresponding period. Releasing its unaudited resultsBernama - 237 words
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555 1992-10-03 3 Move is to avoid high borrowing costs but trend is burdening stock market Reuter KUALA LUMPUR Malaysian companies are increasingly turning to shareholders for funds to avoid high borrowing costs, but these huge cash calls are weighing down the stock market, analysts said.Reuter - 555 words
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Article153 1992-10-03 3 Bernama KUALA LUMPUR Gopeng Berhad has raked in a substantial operating profit before income tax, minority interests, extraordinary items and after interest on borrowings, depreciation and amortisation of M 55.72 million (553.6 million) for the half year ended June 30. The amount represents a 682 perBernama - 153 words
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574 1992-10-03 3 Conrad Raj - THE HOCK LOCK SIEW COLUMN By Conrad Raj SINGAPORE Most of the early subscribers to shares on Sesdaq are losing money on their stocks. Of the 25 stocks listed on the second board, only six are trading above their574 words
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391 1992-10-03 3 Sylvia Wong - By Sylvia Wong SINGAPORE Heshe Holdings Ltd has detailed the causes of a shortfall in its profit for the financial year ended June 30. The Stock Exchange of Singapore had asked why Heshe had reported a pre-tax profit of $7.7 million instead of391 words
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COMPANY BRIEFS
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66 1992-10-03 3 SINGAPORE The foreign shareholding in OverseaChinese Banking Corporation Ltd has again hit the 40 per cent ceiling, the bank said in a statement yesterday. But at Overseas Union Bank, a statement said that foreigners' share of its issued capital had fallen to66 words
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Article58 1992-10-03 3 SINGAPORE Tat Lee Bank Ltd has injected another $28 million into three wholly-owned subsidiaries TLB Bullion Futures Pte Ltd, Tat Lee Insurance Ltd and Tat Lee Securities Pte Ltd. Their respective paid-up capitals Have increased from $5 million to $8 million, $10 million to58 words
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Article84 1992-10-03 3 SINGAPORE The Stock Exchange of Singapore has asked Lum Chang Holdings Ltd to provide details of its investment and other income as disclosed in its full-year results on Tuesday. The SES also wanted to know the reasons for the "fluctuations" in this item at group and84 words
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Article54 1992-10-03 3 SINGAPORE Pan Pacific Publications Ltd has secured shareholders' approval to give William Kwa, a director of a subsidiary, options to subscribe up to 40,000 shares a year. But the total number of shares Mr Kwa can hold under the company's group share option scheme54 words
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Article34 1992-10-03 3 SINGAPORE Ssangyong Cement (Singapore) Ltd said yesterday that its better results for the half-year to June 30 was due to stronger product demand and higher productivity from operational and product-mix improvements.34 words
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242 1992-10-03 3 SINGAPORE Listed garment and property group Wing Tai Holdings Ltd has received in-principle approval from the stock exchange to raise up to $62.4 million through a one-for-four rights issue. The exercise will involve the issue of up to242 words
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COMPANY BRIEFS
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113 1992-10-03 4 NEW YORK Business Week announced on Thursday that Mark Morrison, an assistant managing editor, would become managing editor. He will succeed John A Dierdorflf, who will retire on his 65th birthday in February after 36 years with the McGraw-Hill magazine. As managing editor, Mr113 words
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Article90 1992-10-03 4 NEW YORK Olympia and York Developments Ltd's US companies had an operating loss of US$2BO million (*****.5 million) last year and a negative net worth of about US$64O million, an indication that even the strongest part of the Reichmann empire is worse off than everyone90 words
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Article65 1992-10-03 4 'LONDON Computer company Amstrad pic said yesterday it had made a loss of £70.95 million (S$ 196.6 million) in the first half of 1992 compared with a profit of £20.16 million the previous year. The company said that in view of farther deterioration in the trading65 words
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Article93 1992-10-03 4 SYDNEY Coal and Allied Industries Ltd said it has issued retrenchment notices to 144 of the 205 miners at its Wallarah underground mine in New South Wales. The company said it took the action after a buildup of stocks at its underground mines. "The extremely competitive93 words
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Article106 1992-10-03 4 LONDON Britain's largest chocolate manufacturer, Cadbury Ltd, on Thursday announced that it would be shedding -450 sales and office staff over the next 12 months. Most of the job losses will occur at the company headquarters in Bournville, Birmingham, with others at Bristol, Wrexham and106 words
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Article111 1992-10-03 4 LC)S ANGELES Hughes Aircraft Co announced on Thursday it had won a US$25O million (*****.8 million) contract from the Arab Satellite Communications Organisation to build two communications satellites. Hughes beat out two foreign competitors Aerospatiale of France and British Aerospace of the UK for the award111 words
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421 1992-10-03 4 Should it be run as a business or as a market? Reuter LONDON A rift has opened on the board of London's stock exchange over whether it should operate as a profit-making business or hive off its commercial interests and concentrate on itsReuter - 421 words
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391 1992-10-03 4 Last AGM postponed after revolt by shareholders Reuter HONGKONG Shanghai Vacuum Electron Device Co Ltd has announced terms for China's first rights issue involving foreign shareholders since the communist takeover. In a statement, chairman Xue Wenhai said an annual general meeting, postponed last monthReuter - 391 words
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248 1992-10-03 4 FT LONDON Forte, the hotel and restaurant group, unveiled on Thursday interim profits at the lowest end of city expectations, warned of a difficult second half, failed to announce hoped-for board changes and was rewarded with a 14p jump in its share priceFT - 248 words
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328 1992-10-03 4 AP WASHINGTON The chief executives of four major US airlines said on Thursday that British Airways' bid to buy an interest in USAir threatens US jobs and puts the US airline industry at risk. The heads of United, American and DeltaAP - 328 words
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238 1992-10-03 4 Bloomberg, AFP SEOUL Hoping to rebuild confidence in the local stock market, the South Korean government plans to let foreigners buy a stake in Pohang Iron and Steel, the world's third largest steelmaker and a leading blue chip stock. Pohang's board willBloomberg,; AFP - 238 words
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517 1992-10-03 4 NYT NEW YORK By all rights, the stock market during the last few months should have been a place for only the steeliest investors. An international currency crisis, a market break in Japan, a topsy-turvy presidential election and an economyNYT - 517 words
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Article, Illustration222 1992-10-03 4 NYT MAYNARD, Massachusetts A new era began on Thursday at Digital Equipment Corp as Robert B Palmer officially became president and chief executive of the troubled US$l4 billion (5522.2 billion) computer giant. In a conference room packed with financial analysts, consultants and journalists,NYT - 222 words
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237 1992-10-03 4 Shoeb Kagda - By Shoeb Kagda SINGAPORE Substantial losses in its shipping business forced Concord Leasing Inc, a subsidiary of the Hongkong Shanghai Banking Corporation, to sell off its shipping assets to Hongkongßank. Concord also wrote off US$75 million (*****.25 million) after an internal review of its237 words
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235 1992-10-03 4 NYT TOKYO NEC Corp is planning to transfer to China advanced chip-making technology that until last year was banned under the multilateral Cocom regulations on high-tech exports to communist countries, company officials said. The company plans to transfer "the finest (process technology)NYT - 235 words
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Page 3 Advertisements
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Advertisement135 1992-10-03 3 IN THE MARKET PAGES H SET Index hits high 12 Nikkei ends lower 13 SOTHEBYS FOUNDED 1744 tt rt 1 £4 i V r I I L Zhang Daqian (1899 -1983) "Blue Green Landscape" dated 1942. Hanging Scroll ink and colour on paper 109.7 cm X 61cm r HKSBOOJOOO -1200X)00.135 words
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Page 4 Advertisements
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Advertisement338 1992-10-03 4 NOW, A HIGHWAY TO INDONESIA BCONO^ fENTERPRISING 1 STRATEGY^g iIFiSIjI W '< JH IL2C' r s fiyiß v lSsv I M.BflHflll^^^V JH. SgH^BHtuk In today's competitive business world, information is a key factor which will give the edge. And, to get to the heartlands of Indonesia's economic and business affairs,338 words
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FINANCIAL NEWS
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526 1992-10-03 5 New allegations of big profits in financial scandal Reuter BOMBAY A central bank report said yesterday that deposits with foreign banks in India rose 72 per cent in the past year amid allegations some overseas banks made large profits inReuter - 526 words
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283 1992-10-03 5 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Stateowned Bank Negara Indonesia 1946 (BNI) has success- fully completed the US$l5O million (*****.5 million) ofif- shore fund-raising exercise it v launched in August. The deal believed to be among the largest this year for an Indonesian bank was283 words
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224 1992-10-03 5 Reuter OSLO Many factors contributed to Norway's worst banking crisis since the *****, but the country's Bank and Securities Inspectorate should have sounded the alarm earlier, an official report said on Wednesday. A plunge in property prices, record number ofReuter - 224 words
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381 1992-10-03 5 UPI, Reuter WASHINGTON A US Senate subcommittee ended its four-year investigation of the Bank of Credit and Commerce International on Thursday, finding that bribery of foreign government officials was a key part in the operation's success and that the Central Intelligence AgencyUPI,; Reuter - 381 words
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Article, Illustration524 1992-10-03 5 DBS Bank weekly currency review US$/DM: bearish outlook reinstated The greenback broke its recent trading range of 1.4650 to 1.5315 and plunged by almost 800 points, from a high of 1.4780 on Monday to a low of 1.4010 on Wednesday. The bearish outlook524 words
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264 1992-10-03 5 Paul Leo - By Paul Leo SINGAPORE PB International Factors Sdn Bhd, a Malaysian joint venture of International Factors (Singapore) Ltd, yesterday signed a Msloo million (5563.7 million) bank guaranteed promissory notes facility in Kuala Lumpur. The facility, a first for the company, is meant264 words
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SMALL CHANGE
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82 1992-10-03 5 SYDNEY The former managing director of Westpac Banking Corp said yesterday that he warned the bank two years ago it would face financial difficulties if it continued its present course. "I resigned in August 1990... with a vote of no-confidence in the direction82 words
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Article53 1992-10-03 5 WELLINGTON The New Zealand Stock Exchange gave its permission for the National Australia Bank to complete its NZ$l.45 billion (S$ 1.25 billion) takeover of the Bank of New Zealand. The action removed the last regulatory hurdle to toe formation of the largest bank in Australia53 words
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Article, Illustration51 1992-10-03 5 MOSCOW Traders on the floor of the Moscow commodities and futures exchange shouting bids as the first privatisation voucher futures were traded on Thursday. The Russian government began distributing the first 150 million vouchers which can later be used to buy stocks in privatised government51 words
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Article67 1992-10-03 5 STOCKHOLM The Swedish central bank, Sveriges Riksbank, cut its overnight lending rate yesterday to 20 per cent from 24 per cent, an official at the Riksbank said. On Wednesday, the Riksbank cut its overnight lending rate to 24 per cent from 40 per cent. The overnight67 words
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Article67 1992-10-03 5 SYDNEY QBE Insurance Group Ltd said it agreed to buy Victory Reinsurance Holdings USA and its unit Victory Reinsurance Co of America from Legal and General Group pic for US$l3 million (5520.8 million). QBE managing director John Cloney said in a statement the group67 words
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Article54 1992-10-03 5 PRINCETON, New Jersey American Re Corporation and Aetna Life and Casualty (Aetna) have closed the previously announced purchase of American Re-Insurance Company (Am Re) by American Re Corporation. American Re Corporation is a holding company recently formed by Kohl berg Kravis Roberts and Co (KKR)54 words
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381 1992-10-03 5 UPI BUDAPEST Budapest will emerge as the major banking centre in eastern Europe, a senior official of the New York-based Institute for Eastwest Studies said on Wednesday. Speaking at an opening ceremony for the institute's banking and assistance centre in Budapest onUPI - 381 words
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Page 5 Advertisements
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Advertisement52 1992-10-03 5 ACROSS THE NATION AROUND THE WORLD Tklecom AS ATkNANT FOR TfcN YEARS Telecom Towers, 52-60 Railway Parade, Burwood, Sydney Australia. igrfAa HI HI ■mhhhmmu| •16,305m2 net lettable area (approx) •Parking for at least 393 vehicles *Net Income: $5,246 million p.a. Tenders Close: 12 noon, Thursday 29th October, 1992 Contact Francis52 words
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THE REGION
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NOTE BOOK
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54 1992-10-03 6 MANILA After 100 days in office, Philippine President Fidel Ramos said yesterday that he was doing better than his predecessors Corazon Aquino and Ferdinand Marcos. "How am I doing within the first 100 days? I'd say, better than the others before me,"54 words
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Article64 1992-10-03 6 MANILA Foreign investments in the Philippines in the first eight months this year totalled U*****.73 million (SSl.l billion), up 31 per cent from the U*****.55 million invested over the same period last year, a Central Bank statement said yesterday. The January-August figure included direct investments worth64 words
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Article62 1992-10-03 6 JAKARTA Indonesia's newly formed Parliament yesterday named Wahono, a retired general and head of the ruling Golkar party, as Speaker of the Lower House (DPR). Mr Wahono was also elected chairman of the 1,000-member People's Consultative Assembly (MPR) which will meet in March to choose the62 words
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Article67 1992-10-03 6 BEIJING Cambodian leader Prince Norodom Sihanouk requires two or three weeks' medical treatment in Beijing, a senior member of his staff said here yesterday, but he denied that the prince had undergone an operation. Diplomatic sources in Phnom Penh said that the prince, a former ruler of67 words
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Article64 1992-10-03 6 UNITED NATIONS Indonesia's foreign minister suggested on Thursday that some East Timorese independence activists may be pardoned and pledged to cooperate with US-sponsored negotiations over the disputed territory. Ali Alatas' comments came during a meeting with journalists that was part of a campaign to ease64 words
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Article62 1992-10-03 6 HANOI Vietnam has banned the small-scale export of copper, zinc and other metals to stop illegal mining that has killed several hundred people and devastated the environment, the Vietnam News Agency said yesterday. Prime Minister Vo Van Kiet ordered the move after 200 people62 words
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424 1992-10-03 6 Economists say economic growth will be hampered Reuter JAKARTA Indonesia's foreign debt, one of the largest in the developing world, is barely manageable and senior local economists are warning the government to take control, especially of commercial borrowing. "Offshore loans must beReuter - 424 words
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329 1992-10-03 6 Fundamentals are still very strong: Anwar MBT KUALA LUMPUR The Malaysian economy is on track to achieve the Finance Ministry's projected growth rate of 8.7 per cent despite the monetary crisis in Europe and the problems plaguing the Japanese economy. There have been fearsMBT - 329 words
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410 1992-10-03 6 Reuter BANDAR SERI BEGAWAN Brunei will spend 855.5 billion (555.5 billion) on a 1991-1996 development plan to wean itself oft a current dependence on oil but bankers and diplomats say diversification may be a long, hard climb. "It is highly unlikely you areReuter - 410 words
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SHIPS IN PORT
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Article442 1992-10-03 6 Brti Antal Otfmtn HssM Key Hi Brti fciW Dgrtw Marina Terminal 1 Seinbawang Terminal Batan Maju *****2 M05 alongside 0310/0500 Mam Talang 3S S03 akx«ade 03.10/1000 Batam Sayang *****2 M05 alongsrie 03.10/0500 Java 280 01/92* S02 akx«ade 02 10/0630 Batammdo 2 205IS M02 atongsde 0210/1900 Sun Star442 words
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Article139 1992-10-03 6 Johore Port Berth: 1: Geraki; 2: Pathien; 3: Ji An; 4: ml; 5: Pernas Suasa, Dongsun; 6: ml. ft* on Oct 2: Kyokuei Maru No 2, Lucorna, Gina, Barge Java Seatiger, Xi Hai, Peter Tomasevich, Barge Josmdo Satu, Ribuan Jaya. ft* on Oct 3: Grazia, Bum Han,139 words
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Article1640 1992-10-03 6 RECEIVING OF EXPORT FCt CONTAINERS AND LCL CARGO Record Bookiit/Babnce Rsfts SUp Voy No Etb/Btr Period From To From ACX Daisy 31A 03/1700 1 02/1500 02/1659 02/1900 ACX Jade 105A 04/0700 2 02/1700 03/0659 03/0900 3 03/0700 03/1159 03/1400 ACX Swan 338 05/1800 3 03/0700 03/1159 03/1400 41,640 words
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THE WORLD
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539 1992-10-03 7 US PRESIDENTIAL ■SaXSE Either he helps us, or we end up losing anyway, says senior Bush aide NYT WASHINGTON The Bush campaign, searching anxiously for anything that could shake up the presidential race, said on Thursday that it welcomed Ross Perot'sNYT - 539 words
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Article, Illustration214 1992-10-03 7 Reuter AUGUSTA, Kansas A nine-year-old girl singled out by Ross Perot as an example of why he decided to jump into the US presidential race said on Thursday she had no clue the Texas billionaire was going to make her famous. AdrianeReuter - 214 words
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292 1992-10-03 7 Reuter STOCKHOLM A government plan designed to cut payroll taxes will boost Sweden's industrial competitiveness and end talk that devaluation is the only way out of recession, according to economists. "The probability of a devaluation has been reduced significantly," saidReuter - 292 words
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451 1992-10-03 7 Reuter MOSCOW Russia's fitful march from communism to capitalism stumbled slightly on Thursday when its mass "popular privatisation" programme got off to a slow start amid apathy and confusion. The government began its crash course in private ownership by handing out the firstReuter - 451 words
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204 1992-10-03 7 Reuter TOKYO Japan's unemployment rate rose only slightly in August despite a sharp slowdown in economic growth, demonstrating how determined corporate Japan is to keep its workers on the payroll. The government's Management and Coordination Agency announced yesterday that the seasonally adjusted jobless rateReuter - 204 words
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271 1992-10-03 7 AP WASHINGTON The Senate voted on Thursday to uphold President George Bush's veto of a Bill that would have imposed conditions on renewal next year of China's normal trade status. The 59-40 vote fell well short of the two-thirds majorityAP - 271 words
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Article, Illustration387 1992-10-03 7 Stepping down as LDP vice-president not good enough, says newspaper UPI TOKYO Pressure is mounting on Japan's most powerful politician to fall on his sword and remove himself from political life. Two major daily newspapers called on Shin Kanemaru yesterday to resign fromUPI - 387 words
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WORLD WATCH
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68 1992-10-03 7 TORONTO Unless the US Congress gets in the way, the North American Free Trade Agreement will expand rapidly to include several central and south American countries by the late-*****, Canada's Minister of International Trade predicted. Michael Wilson said Chile was "certainly in a68 words
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Article51 1992-10-03 7 CANBERRA Australia announced yesterday it would send a government minister to Taiwan later this month, ending a 20-year freeze on ministerial visits. But the visit by Tourism and Resources Minister Alan Griffiths from Oct 27 to 31 would be classified as unofficial to avoid upsetting51 words
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Article55 1992-10-03 7 SYDNEY Going bald? Check that budgie. An Australian expert says many people lose hair needlessly because thfcy don't realise that budgies and other pet birds can carry ringworm-causing fungi which can cause baldness. Australian David Salinger, director of the International Association of Trichologists, says cats and dogs55 words
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Article75 1992-10-03 7 BONN German Finance Minister Theo Waigel said on Thursday the 24.4 bilfion mark, two-year government programme to help reconstruct eastern Germany was continuing successfully. After presenting the Cabinet with a progress report of the plan. Mr Waigel said in a statement that 84 per' cent of75 words
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Article85 1992-10-03 7 SENDAI, Japan The ratio of single people among those who are 65 or older is growing in Japan. Of the 15.6 million Japanese who were 65 or older in 1991, the Ministry of Health and Welfare said 1.82 million, or 11.6 per cent, were living by85 words
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69 1992-10-03 7 TOKYO Japan's steel exports rose 12.7 per cent from a < year earlier to 1.62 million tonnes in August, the Japan Iron, and Steel Federation said on Thursday. Exports to Chinawent up 3.4 per cent to 186,000 tonnes, while shipments to Taiwan dropped 5.9 per69 words
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Article82 1992-10-03 7 MOSCOW The Russian government announced on Thursday it planned to offer billions of roubles in compensation to the 400.000 Russian citizens who took part in the clean-up off the 1986 Chernobyl nuclear accident, the Itar-Tass news agency reported. The compensation, part of a broader programme adopted82 words
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273 1992-10-03 7 AFP WASHINGTON The US announced on Thursday it was offering US$3.6 billion (about 555.7 billion) in credit guarantees to help 18 countries buy American farm products, in what critics called a bid by President George Bush to win votes in the farm belt.AFP - 273 words
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213 1992-10-03 7 AFP WASHINGTON Negotiators for the Senate and House of Representatives agreed on Thursday on a U*****.3 billion (about ***** billion) defence spending bill that called for pulling more US troops out of Europe and cuts to funding forAFP - 213 words
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Page 7 Advertisements
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Advertisement97 1992-10-03 7 B U S I N ESS T 1 M E S, To«l fr— T* No 737 0Q43 Fax No: 734 -MM Wanted for U.S. owned petrochemical equipment engineering/manufacturing firm established in Singapore Fabrication Applicantsmustbeexperienced Dhnf ,n steel/alloy fabrication ridlll techniques including pressure vessels, heat exchangers etc., MdlldOSr also be familiar97 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3870 1992-10-03 8 William Chia - Caution ahead of US economic data By William Chia THE STOCK market ended the week on a cautious note yesterday as investors stayed sidelined ahead of the US job and payroll figures expected last night and the uncertainty surrounding the US presidential elections after Ross3,870 words
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Article, Illustration81 1992-10-03 8 Quak Hiang Whai - By Quak Hiang Whai AMALGAMATED Steel Mills is back on an upward trend after having lost heavily from the start of this year. The weekly RSI has bottomed out after touching almost zero, with the stock showing signs of recovery after the nine-week moving average cut the priceSOURCE: BRIDGE INFO - 81 words
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Article3057 1992-10-03 9 Robinson 680 +40 +6.2% DBS Foreign 1140 +10 +0.9% Tong Meng 142 +7 +5.2% The H Glass 25« 74 +6 +8.8% FELS 50« 285 +5 +18% RDC 241 f 5 +2.1% Semb Shipyard 705 +5 +0.7% Cold Store 50« 245 +4 4 1.7% SEEL 50"3,057 words
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Page 9 Advertisements
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Advertisement56 1992-10-03 9 GIVING YOU THE WINNING EDGE Malaysia: making tourism pay New life for furniture manufacturers ps/^7SL Rich Singaporeans Product development grants for SMEs Strong Sings: concern and controversy Beating the software pirates iHBg What's happened to Hongkong's brain Making art pay drain? Investment spotlight on Jurong Tycoon Vincent Tan's juggling act56 words
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Article3449 1992-10-03 10 H Leong Ind 50* 560 +10 +18% Gentings 50« 800 5 +0.6% Magnum Corp 50» 515 +5 +10% Sime Darby 50* 273 +5 +19% UMW 364 4 +1.1% Dunlop Est 296 2 4-0.7% PMR1 50« 174 +2 +12% Uniphoenix 136 +2 +1.5% Lingui 50« 463,449 words
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Page 10 Advertisements
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Advertisement263 1992-10-03 10 I PICK UP YOUR I daily news staple I WITH YOUR DAILY FOOD staple B At the following fc'..' j NTUC FAIRPRICE I 1 SUPERMARKETS 9Partchccterßoad Blkslo#ol-520 Blk34A#ol-342 W ***** -01-OS B«h«Stl3 Margaret Drive Bt Baiak Central Blk 166 #01-3531 Blk«6i01-670 *L, fM*}' jH 30i0i.0i BukitMcrahCentral Marine Parade '-y. Sane,St3263 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5328 1992-10-03 11 Bernama A LACK of interest led shares here to end lower in lethargic trading yesterday as prices moved within narrow ranges. The KLSE Composite Index eased 3.51 points to 594.59. The Industrial Index edged down 1.39 points to 1,026.95. The Emas Index droppedBernama - 5,328 words
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Article, Illustration300 1992-10-03 12 THE Credit Lyonnais Securities Asia (CLSA) All China Index, launched in May, is the first index to track all shares on the Shanghai and Shenzhen stock exchanges. It is backed by four subindices which monitor separately the A and B shares on the two bourses. All the300 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration936 1992-10-03 12 Reuter THERE was very little trading on the Jakarta stock market with volume barely more than 600,000 shares by the half-day close yesterday. However, the index managed to edge up 1.30 points to 299.86. "Prices aren't moving. They've been the same for aboutReuter - 936 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2164 1992-10-03 12 Reuter BANKS, finance shares and major property firm Bangkok Land jumped in afternoon trade and the stock index climbed to a 17-month high yesterday, brokers said. "The SET Index ended 21.03 points, or 2.45 per cent, higher to 880.71 on hsncy turnover of 19.19Reuter; Source: Bridge Info - 2,164 words
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Page 12 Advertisements
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Advertisement128 1992-10-03 12 Don't miss I I AFTER I L FIVE I Your day may be over But your night N B is just beginning! H Get a drink, go S M dancing, hear V H see the hottest H 3 band in town... af Ji Explore the V possibilities V with our128 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2589 1992-10-03 13 Reuter STOCKS closed down for the sixth consecutive day yesterday after failing to hold on to early gains. Continued selling by foreigners taking advantage of the strong yen and position-adjustment by dealers ahead of the weekend took a toll on prices in thin, aimless trade,Reuter - 2,589 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2439 1992-10-03 13 Reuter SHARE prices closed firmer on hopes that the Association of Banks would cut local interest rates by half a point yesterday, brokers said. "Hongkong probably would not take the lead in cutting interest rates but since a US bank did it overnight,Reuter - 2,439 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2040 1992-10-03 14 Reuter FLICKERING hopes of an interest rate cut coupled with news of abandoned share issues sent share prices sharply higher to end the week on a positive note. Brokers said investors were punting on the possibility of foreign rate cuts promptingReuter; Source: Bridge Info - 2,040 words
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REGIONAL STOCK MARKETS
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Taiwan shares surge on positive factors
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Article560 1992-10-03 14 STOCKS extended early gains to close sharply higher yesterday in active trade on hopes of a domestic interest rate cut, brokers said. Thursday's release on bail of major investor Oung Ta-ming, who heads the Hualon group, was also positive for the market. The Weighted Index surged 133.63 points or560 words
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Article585 1992-10-03 14 STOCKS closed firmer yesterday in moderate trading as share buying, focused on low-priced shares, gained momentum in a technical rebound after a week-long downward correction, brokers said. "More and more investors appear to believe the market has almost reached the bottom. They became more inteiested in buying shares, but585 words
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Article519 1992-10-03 14 SELECTIVE buying of blue chips and secondary issues drove up share prices yesterday despite profit-taking in oil stocks, brokers said. The Manila Stock Exchange Composite Index gained 10.43 points to close at 1,428.54. "There's a lot of money in the market," Joseph Roxas, chief analyst of Coyiuto Securities Inc,519 words
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Article573 1992-10-03 14 THE TOP 40 share index rose 16.52 points to 1,423.43 yesterday mostly due to partial recovery in the share price of forestry and energy group Fletcher Challenge Ltd which sank to a 10-year low of NZ$ 1.83 on Thursday. Fletcher Challenge bounced back sharply in morning trading to573 words
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Article52 1992-10-03 14 INDICES TURNOVER Close Piwiov Oct 2 NEW ZEALAND NZSE-40 Capital 1.423.43 1.406.91 16.52 MANILA Composite Index 1,428.54 1.418.11 +10.43 Turnover (mil pesos) unav unav TAIPEI Weighted Pnce Index 3,717.71 3,584.08 133.63 Turnover (NTS billion) 28.1 21.6 +6.5 SEOUL Composite Stock Index 513.12 508 76 +4.36 Turnover (billion won) 99 9852 words
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Page 14 Advertisements
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Advertisement16 1992-10-03 14 The Bombay Stock Exchange was closed yesterday for a four-day weekend and will reopen on Tuesday.16 words
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WORLD STOCK MARKETS
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US stocks retreat on weak economic news
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Article, Illustration1332 1992-10-03 15 STOCKS retreated in heavy trading on Thursday as a stream of disappointing economic news shook investors' belief that lower interest rates would help cure the nation's ailing economy. The Dow Jones Industrial Average, which regained 4.86 points on Wednesday, fell back 17.29 points to 3,254.37. Among the broad1,332 words
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Article347 1992-10-03 15 Other markets in Europe, South Africa and Canada Johannesburg Oct 1 Rand INDUSTRIALS A Aipha 3125 unch AECI 630 AMIC 6200 400 Abercom 125 Amaprop 625 5 BAZ 1300 Barlows 5025 175 Basil Strk 6 Blyvoor 375 unch CG Smith ***** Cnagalo 2300 Curfin 640 5 Edgars 5000 Fed Volk347 words
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Article, Illustration769 1992-10-03 15 SHARE prices rose here on Thursday, boosted by speculative activity in some sectors but weakened by uncertainty over sterling and the position of Chancellor of the Exchequer Norman Lamont. At the close, the FT-SE Index of 100 leading shares was up by 19.3 points to 2,572.3. The FT-30 Index769 words
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Article256 1992-10-03 15 STOCKS rebounded on Thursday on arbitrage favouring futures purchases, operators said, as the DAX spot trend index gained 17.67 points or 1.2 per cent to close at 1,484.03. The Commerzbank Indicator ended at 1,650.2 points, against 1,647.10 at the Wednesday close. A BHF operator said that new speculation about256 words
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Article120 1992-10-03 15 THE BEL-20 INDEX ended unchanged in what dealers said was fairly directionless trading on Thursday. Activity was focused on retailers Delhaize and GIB, which both traded big volumes. Delhaize was up 1.6 per cent at the close, while GIB shed earlier gains. Brussels Oct 1 Frames FORWARD MARKET Acec120 words
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Article240 1992-10-03 15 SHARES closed slightly higher on Thursday, but failed to hold on to all their early gains as foreign factors added a note of uncertainty. "The situation in Europe looks positive, but there was a wait-and-see mood ahead of the Bundesbank's meeting and US unemployment (data) yesterday," a broker handling240 words
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Article157 1992-10-03 15 THE STOCK market marked time on Thursday, as the MIB Index ended the day at 716 points, down just 0.14 per cent by comparison with the Wednesday close. Among individual issues, Montedison was down 6.03 per cent on the day and Ferfin 6.56 per cent a day after their157 words
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Article386 1992-10-03 15 SHARES ended a quiet session slightly higher on Thursday as the market awaited yesterday's meeting of the Bundesbank's central council and the US employment figures. Dealers said speculation that the Bundesbank could cut German interest rates helped blue chips, which extended gains in the course of the session. Hopes386 words
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Article304 1992-10-03 15 DUTCH shares closed mixed on Thursday, after a nervous and highly volatile, session in which rumours eroded truck-; maker Daf and airline KLM. The EOE" Index ended 0.61 lower at 285.79, with most shares clustered around opening levels. s' Lossmaking Daf was first hit by rumours that the state304 words
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Article307 1992-10-03 15 STOCKS began the fourth quarter with another losing session on Thursday, making the sixth straight loss, dealers said. The market has lost more than 125 points in the last six sessions as nervousness over Canada's unity referendum on Oct 26 has mounted. "They're selling on emotion, not on reason,"307 words
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Article74 1992-10-03 15 INDICES TURNOVER Oct 1 Close Prrtfcws NEW YORK Dow Jones 3,254.37 3,271.66 -17.29 SAP 500 416.29 ***** •1.51 Turnover (million) 203.77 184 47 +19.3 LONDON Financial Times 30 1,875.1 1,860 6 14.5 FTSE 100 2,572.3 2,553.0 19.3 Turnover (million) 811.7 529.4 +282.3 FRANKFURT DAX Index 1.484.03 1,466 36 +17.67 AMSTERDAM74 words
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Page 15 Advertisements
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Advertisement29 1992-10-03 15 The market reports for Paris and Johannesburg were not available. I The sSSrffi offers the most current Itoto/Job opportunities aoai When people want fast results they call C.A.T.S. 737-118629 words
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CURRENCY, MONEY & FUTURES MARKETS
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1175 1992-10-03 16 REPORTS ASIA TOKYO: The US dollar ended lower in Tokyo yesterday on light interbank selling in anticipation of September US jobs data pointing to a still slow US economy, dealers said. The dollar's morning gains on mark weakness in1,175 words
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Article542 1992-10-03 16 Oct 2 i LSS Bid Offer 7 days 3 1/16 3 3/16 1 mth 3 3 1/8 3 mth 3 3 1/8 6 mth 3 1/16 3 3/16 12 mth 3 3/16 3 5/16 J < Bid Offer 1 7 days 9 1/4 9 1/2 1 mth 9542 words
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359 1992-10-03 16 AFP MOSCOW The rouble exchange rate crossed the threshold of 300 roubles to the US dollar on Thursday in what experts called "a race for dollars" by importers wanting to isolate themselves from inflation. "Trading these past weeks is resembling aAFP - 359 words
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Article1477 1992-10-03 16 SjjjEX EUBOOOiLM Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 96.99 96.97 97.00 ***** 7510 ***** Mar 93 96.95 96.98 96.92 96.96 ***** 7029 ***** Jun 93 96.65 96.67 96.62 96.66 4500 2794 9682 Sep 93 96.27 96.29 96.25 96.28 1900 1746 3820 Dec 93 95.681,477 words
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Article404 1992-10-03 16 Cross rates oa2 US SS MS Dm Yen SFr AS NZS USS 1.5920 2.4970 1.4200 119.70 0.5757 1.2420 1.3937 1.8365 SS 0.6281 1.5685 0.8920 75.1884 0.3616 0.7802 0.8755 1.1536 MS 0.4005 0.64 0.5687 47.9375 0.2306 0.4974 0.5582 0.7355 Dm 0.7042 1.1211 1.7585 84.30 0.4054 0.8746 0.9815 1.2933404 words
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Page 16 Advertisements
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Advertisement6 1992-10-03 16 Innovation Technology in BT every Tuesday6 words
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COMMODITIES
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388 1992-10-03 17 Knight-Ridder ZURICH Palladium prices could touch US$lOO an ounce in the next few days because of the incredible physical tightness in the market, market sources said on Thursday. Prices have already firmed by almost US$lO over the month on a mixtureKnight-Ridder - 388 words
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262 1992-10-03 17 AP LONDON Considerable work needs to be done before international action can be taken to boost depressed world coffee prices, officials said on Thursday. Negotiators worked through the night to achieve a partial agreement on guidelines for a system to fine-tune the proposedAP - 262 words
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746 1992-10-03 17 REPORTS THE price of tin on the Kuala Lumpur Tin Market rose further to Msl6 per kg, up 30 sen from yesterday's close on speculative buying ahead of the weekend. Dealers said the market was taking its cue from the London746 words
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Article1483 1992-10-03 17 Rubber trawMwamwfriii 1 •MMUMMM HAS Commo Mty Exdk ansa (hit iros dosl ng as at 1pm) RAS (physical pricns) RSS 1 Contract (S cents/kg) Bnyors Sollors Qose Volume Open As at 12 noon (S cents/kg) Month High Low Sett (tonnes) Interest BCC 1 Mm O? 1 Afi CA A1,483 words
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Page 17 Advertisements
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Advertisement1412 1992-10-03 17 BUSINESS TIMES-* Toll free Tel No 737 0043 -Fax No: 734 3008 THE COMPANIES ACT, CAP. M TEXMART CORPORATION PRIVATE LIMITED ON MEMBERS' VOLUNTARY LIQUIDATION) At u extraordinary Oeoeral meetlaa of the Members of TEXMART CORPORATION PRIVATE LIMITED duly conveaed end held «t 101 Upper Crom Stmt #04-43 People's Pan1,412 words
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550 1992-10-03 18 US and EC still locked in many trade disputes AFP BRUSSELS Prospects are slim for agreement soon in Gatt world trade talks because the US and the European Community seem unable to settle several trade quarrels, officials said here on Thursday.AFP - 550 words
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403 1992-10-03 18 Reuter ANKARA The captain of a Turkish destroyer and four of his crew were killed when a missile fired in error by a US aircraft carrier hit their ship during Nato night war games in the Aegean Sea. A TurkishReuter - 403 words
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184 1992-10-03 18 Reuter TAIPEI Taiwan's finance ministry has suspended indefinitely its programme of privatising state companies because of the weakness of the stock market, a ministry spokesman said yesterday. The minist|7 had planned to begin privatisation of Chiao Tung Bank, Farmers Bank of China and Chung Kuo InsuranceReuter - 184 words
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Article, Illustration594 1992-10-03 18 Promise of economic recovery in eastern Germany yet to materialise HIT FRANKFURT The second anniversary of German unification today is shaping up as a sad celebration of Bonn's failure to deliver on its promise of quick prosperity to eastern Germany. Contrary to Chancellor Helmut Kohl's electionHIT - 594 words
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435 1992-10-03 18 Flare-up threatens to derail summit to rescue Maastricht Treaty Reuter LONDON British and German leaders have moved to calm a bitter row between finance officials of the two nations over who was to blame for sterling's ouster from the European currency grid. "IReuter - 435 words
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Article, Illustration44 1992-10-03 18 TOKYO Foreign exchange clerk Yuriko Mimura gazes upon the quotation board with the day's selling rates against the yen yesterday. The US dollar had fallen back to the 119 yen level, following the release of worse-than-expected US economic data44 words
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238 1992-10-03 18 AFP TOKYO Foreign investors became net buyers of Japanese securities in August, after two months of being net sellers, the Finance Ministry said yesterday. Net purchases of Japanese securities by foreign investors totalled US$36 million (SSS7.2 million) in August, a turnaround from netAFP - 238 words
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315 1992-10-03 18 Reuter TOKYO Japan posted another jump in its trade surplus in August thanks to a domestic economic slowdown which cut growth in imports. The finance ministry said yesterday that the unadjusted trade surplus widened in August to U559.53 billion (S$L5.l billion) from US$B.27Reuter - 315 words
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198 1992-10-03 18 Reuter NEW YORK A federal judge has ruled that begging is a form of free speech and held that New York City's ban on begging on public streets and in parks is unconstitutional. US District Judge Robert Sweet said on Thursday thatReuter - 198 words
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Page 18 Advertisements
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Advertisement5 1992-10-03 18 Every Saturday in Business Times5 words
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Advertisement7 1992-10-03 18 t:S c Every Saturday in Business Times7 words
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Executive Lifestyle
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Article, Illustration1309 1992-10-03 19 Nirmal Ghosh - Flying on the wings of the Will Singaporeans be quick to take advantage of the recent currency shifts and rush to see more of the world? Nirmal Ghosh finds out how important cost considerations are in the making of holiday plans Nirmal Ghosh THE CURRENCY chaos of the past fortnight1,309 words
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STRAWS IN THE WIND
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Article59 1992-10-03 19 EVERYBODY wants to be a philosopher. Even people who teach telephone operators better job skills. At a recent, telemarketing training seminar, this was the objective laid out by the course leaden "To provide a nonthreatening learning situation for you to move from a situation of59 words
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Article44 1992-10-03 19 AS Singaporeans suffered through non-working lifts and other hassles during this week's blackout, one person thought he had the perfect escape as he was going to catch a flight to Kuala Lumpur. Guess what he found when he landed at Subang?44 words
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Article49 1992-10-03 19 A LOCAL five-star hotel is currently touting itself as a second Botanic Gardens in an on-going advertising campaign. Nothing could be closer to the truth, observed one former guest, who still stays there when he visits Singapore. Some years ago, he found a snake in his cupboard.49 words
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Article62 1992-10-03 19 RICHARD Heffner, chairman of the ratings board of the Motion Pictures Association of America, knows that the rating a movie gets can spell boom or gloom at the box office. According to Newsweek magazine, here's the recurrent plea that he hears from moviemakers: "Give me an R!62 words
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OPINIONS
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Article, Illustration1123 1992-10-03 20 Nirmal Ghosh - Nirmal Ghosh reflects on the pleasures and perils of the pursuit of affluence Nirmal Ghosh The writer is a BT journalist WHEN people are not too embarrassed to collect the "throw-away" plates after a child's birthday party, and wash and reuse them instead of having1,123 words
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Article, Illustration853 1992-10-03 20 Jaime Ee - Jaime Ee is infuriated by the presumptuousness of that new TV ad Jaime Ee The writer is BT's Executive Lifestyle editor MY LIFE as a woman is over. I will be sitting childless at the age of 31 and a853 words
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364 1992-10-03 20 Tan Kok Tim - LETTERS TO THE EDITOR Tan Kok Tim Singapore 1129 A BILL was tabled in Parliament on Sep 14 to amend the Bills of Exchange Act to give legal status to "account payee" cheques and make them non-transferable. It followed last December's decision by364 words
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Article153 1992-10-03 20 WHAT HAS happened to the Stock Exchange of Singapore which has always taken pride in protecting the interest of minority shareholders? After rejecting several proposals from Electro-Magnetic (Singapore), it has approved the latest plan put up by the company's judicial managers. The exchange of two153 words
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EPICURE
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Article, Illustration499 1992-10-03 22 Salil Tripathi - Salil Tripathi enjoys spicy Sri Lankan fare at the Mandarin Salil Tripathi IF MUSIC be the food of love, play on, so sayeth the Bard. But make it soft, love. That's what they should keep in mind at the Mandarin Hotel's current Sri Lankan food festival, where loud499 words
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LIFESTYLE 1
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Article, Illustration954 1992-10-03 21 Nirmal Ghosh - Sotheby's is breaking new ground with the first commercial auction of some of India's contemporary and ancient works of art on Oct 8 and 9. Nirmal Ghosh has the details Nirmal Ghosh SOME of the world's richest people up to the early 1900s were Indian royalty.954 words
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Article, Illustration901 1992-10-03 21 Janet Maslin - Janet Maslin watches Husbands and Wives and Singles and realises how some things about love never change Janet Maslin NYT FOR DATING couples who would like to see their hopes and fears reflected on the screen, here's a recommendation. Go see a double feature of Cameron Crowe's SinglesNYT - 901 words
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Article, Illustration594 1992-10-03 23 Giles MacDonogh - Giles MacDonogh goes on a gastronomic tour of Munich Giles MacDonogh FT IN 17 years, a city can change a good deal. This has certainly been the case in Munich. When I first visited the Bavarian capital as a student in the mid-*****, the scars inflictedFT - 594 words
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Article, Illustration657 1992-10-03 23 N K Yong - An Australian winery is making waves Down Under WINE By N K Yong LEEUWIN Estate's entry into the Australian wine scene has been nothing if not meteoric. Brainchild of Perth businessman Denis Horgan, it started off on a high note and has managed to657 words
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PEOPLE
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Article, Illustration221 1992-10-03 23 THE favourite pastime of kings and millionaires brought together some leading businessmen and other VIPs recently. It was the occasion of the Bukit Turf Club's annual Gold Cup race two Sundays ago, and thoroughbred discussions were no doubt the order of the day. Incidentally, this year'sPhotos by Arthur Lee - 221 words
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PURSUITS 1
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Article, Illustration663 1992-10-03 24 Jaime Ee - Until the End of the World finds Wim Wenders still gazing deep into the dark teapot of the soul and making dismal discoveries. Jaime Ee on a movie that's tailor-made for manic depressives Jaime Ee WITH all due respect to the highly a c claimed663 words
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Article, Illustration605 1992-10-03 24 Jaime Ee - Jaime Ee reviews a movie that's part cop show, part crime thriller, part Playboy video, and for the most part incoherent Jaime Ee ONCE in a while, you want to relax, watch a relatively good movie that doesn't tax the brain too much, offers a reasonably intelligent605 words
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Article, Illustration576 1992-10-03 24 RINGO LIEW - CD Review By RINGO LIEW ERIC CLAPTON: Unplugged Continuing the MTV series of acoustic concerts, Eric Clapton delivers a quietly graceful performance on 14 live tracks in Unplugged. Given the proliferation of studio technology on recordings these days, it is an act of courage576 words
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613 1992-10-03 24 Pacific Rift By Michael Lewis Hodder and Stoughton 95 pages, $23.95 Reviewed by Chuang Peck Ming IF THE atomic bomb can't get the Japanese to change their ways, what makes President George Bush and American Trade Representative Carla Hills think they can pull it off with613 words
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Article, Illustration1025 1992-10-03 25 Sylvia Wong - Tokyo after dark is a time to eat, drink and be merry, as Sylvia Wong discovered during a recent visit there Sylvia Wong FORGET karaoke, Nintendo and the brick game. They are not the consummate pastimes of the Japanese beer drinking is. Salaried men in shirt1,025 words
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Article, Illustration432 1992-10-03 25 Jaime Ee - Jaime Ee finds out what kway lapis and special cows have to do with the making of fine furniture Jaime Ee SYDDAL WEE is perhaps one of the rare Singaporeans who aren't complaining about exhorbitant COE prices. "As it's more expensive to run around, people may justPhotos by Chris Loh - 432 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1110 1992-10-03 26 Quak Hiang Whai - Quak Hiang Whai hears what the experts have to say about the outlook for the Malaysian market Quak Hiang Whai IS IT time to pick up Malaysian stocks? Yes, going by the latest round of economic figures that the Malaysian government and stock analysts have been producing.1,110 words
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Article, Illustration474 1992-10-03 26 Chew Eng Han - JjjHART By Chew Eng Han The writer is assistant manager of investments at NTUC Income CHARTPOINT's prediction of a potential bullish triangle pattern in the KLSE Composite Index is developing well so far, and could be close to being fulfilled. On bothSource: Compuchart - 474 words
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Article, Illustration426 1992-10-03 26 Kooi Cho Teng - Kooi Cho Teng updates the BT Golf Index Kooi Cho Teng PRICES of golf club memberships in Singapore stayed flat in September, with the sevenclub BT Golf Index slipping a marginal 2.87 points to 250.13. For this month, we will shift our attention instead to up-and-coming clubs426 words
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Article, Illustration1059 1992-10-03 26 Shoeb Kagda - $hoeb Kagda speaks to the GM i of DBS Asset Management, J Laurence Liu, in the first of occasional interviews with people in the finance and fund management industry Shoeb Kagda THE wheel has turned one full circle for Laurence Liu. Born in China,1,059 words
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Article, Illustration1186 1992-10-03 27 Rahita Elias - Local shipyard Hitachi Zosen Singapore will soon be listed on the stock exchange. Rahita Elias takes a closer look at its share offer Rahita Elias Hitachi zosen Singapore, the smallest of the Big Four local shipyards, was also the last in the quartet to be listed1,186 words
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SPORTS
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SIDE LINES
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119 1992-10-03 28 PINE MOUNTAIN, Georgia, John Daly, who won his second PGA Tour event last week at the BC Open, fired a five-under-par 67 here on Thursday to share the first-round lead in the Southern Open. Daly, whose win last week was his first since119 words
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Article91 1992-10-03 28 SUVA India has withdrawn from the World Youth Netball Championships to be held here next month in protest over disparaging comments by Prime Minister Sitiveni Rabuka about Fiji's Indian community, Indian officials said. The team has been barred by New Delhi from coming here as a91 words
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Article, Illustration29 1992-10-03 28 BASEL Boris Becker of Germany in discussion with new coach Guenther Bresnik at a training session at the Swiss Indoors tennis tournament here on Thursday.29 words
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Article51 1992-10-03 28 PALERMO, Sicily Emilio Sanchez overcame a 5-7 firstset loss and a second set tie-breaker on Thursday to defeat Frenchman Thierry Champion in the U*****,000 (*****,850) Internationali di Sicilia tournament. The thirdseeded Spaniard reached the quarterfinals of the clay event with a 5-7, 7-6, 6-4 victory. He faces Tomas51 words
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Article62 1992-10-03 28 KATHMANDU Three New Zealanders have successfully climbed the 6440-metre (21,162 feet) high Mount Cholatse via the rocky west face route without the aid of oxygen, the Nepalese Tourism Ministry announced on Thursday. The climbers Martin Hunter, 28, Cameron Falkner, 30, and Derek Chinn, 27 made the ascent62 words
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Article, Illustration383 1992-10-03 28 Johnson to earn largest single-season salary in team sports NYT MAGIC Johnson continued an eventful week yesterday by signing a US$l4.6 million (Ss23 million) oneyear contract extension with the Los Angeles Lakers. Johnson will receive that salary in the 1994-95 season, the largest single-season salary in teamNYT - 383 words
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Article394 1992-10-03 28 Floyd, Trevino will pose challenge; so will Isao Aoki, the new kid on senior circuit AP CLEMMONS, N.C. Just like everyone else on the Senior PGA Tour, Jim Colbert is talking about Ray Floyd. "You walk in a locker room," Colbert said, "and somebody seesAP - 394 words
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298 1992-10-03 28 AP NAZARETH Michael Andretti isn't feeling any pressure, only a surge of confidence as he tries to overtake A 1 Unser Jr and Bobby Rahal in the Indy-car point chase in this weekend's Bosch Spark Plug Grand Prix. Andretti, the defending series champion, lostAP - 298 words
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Article, Illustration403 1992-10-03 28 Vitaly Shcherbo's master plan includes more gold medals and an Americanised sense of humour NYT IT TOOK. Vitaly Shcherbo some time, but then the world's greatest gymnast understood. The burglar who cleaned out his apartment back in Minsk, Belarus, probably had done him a favour. ShcherboNYT - 403 words
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574 1992-10-03 28 NYT NEW YORK Boris Spassky improved a system of defence that had cost him an earlier defeat and effortlessly made a draw on Thursday with Bobby Fischer in Game 13 of their exhibition match in Belgrade. The score stays the same:NYT - 574 words
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Article1257 1992-10-03 29 CHy Fig* ETA FlgM ETO Ate MuM GA860 0045 AMaMa QF81 1955 QF82 2205 SQ228 2025 A—aa RJ187 0130 Amataniaai SQ319 0715 KL837 1255 GA890 0150 KL838 2240 SQ342 2325 kmMami NZ21 1820 NZ22 1940 SQ286 2030 BaJrata GF148 0855 GA525/910 1755 1 Sari Bagawaw SQ1811,257 words
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THE TRAVEL PAGE
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Article, Illustration723 1992-10-03 29 Magdalene Phang - LETTER FROM AUSTRIA By Magdalene Phang WHEN in Austria, forget about traipsing in the footsteps of Julie Andrews. The real Sound of Music tour begins in Salzburg and ends in Vienna. Salzburg's favourite son is Wolfgang Amadeus Mozart two buildings in this fortress city stand723 words
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Article152 1992-10-03 29 As at 10am yesterday: Local dollars to ooe unit of foreign currency Currencies Bid Offer Australian dollar 1.1367 1.1527 Canadian dollar 1.2S8S 1.2840 NZ dollar 0.8570 0.8745 Sterling pound 2.7522 2.7910 US dollar 1.5880 1.5990 Local dollars to 100 uuts of foreign currency Austrian schilling 15.76152 words
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Article75 1992-10-03 29 Duration Title Venue Organiser Td Nov 2-7 9ih Hongkong Hongkong Headway Trading (852)827-5121 International Convention Fain Ltd Fax: 827-7064 Furniture Fair Exhibition Centre Nov 3-4 Liberalisation London Tania Stariey, 071-*****83 of European IBC Technical (fax) TelecommuniServices cations Duration Title Venue Organiser Td Nov 3-5 Electronic Data Interchange75 words
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TIME OFF
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Article188 1992-10-03 30 Australian Chamber Orchestra Conducted by leader Richard Tognetti, the young musicians will be performing CPE Bach's Symphony No 2, Mozart's Violin Concerto No 5 in A Major, Sculthorpe's String Sonata No 2 and Tchaikovsky's Souvenir de Florence. •Venue: Victoria Concert Hall. Oct 5. 8.15pm. Frank Nimsgern's Jazz Rock Concert188 words
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Article, Illustration282 1992-10-03 30 Six Lady Artists Paintings and calligraphy by Marina Pang, Bonnie Kwan Huo, Nancy Mah, Maureen Lim Wong, Yvonne Chiong and Tung Fong Chi Kwan. All six are pupils of the late Professor Huang Chun-pi. Venue: National Museum Art Gallery. On till Sunday. 9.00am-5.30pm. Sotheby's Exhibition on fine modern Chinese282 words
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Article624 1992-10-03 30 Basic Instinct Michael Douglas is a cop who investigates Sharon Stone for murder, and loves what he sees. More hype than substance, with a B-grade plot trying desperately to be stylish. R(A). Orchard: 11; 1.30; 4; 6.45; 9.15. Majestic: 1; 3.30; 6.45; 9. Odeon-Katong: 12.45; 3.30; 6.45; 9. Golden624 words
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Page 19 Advertisements
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Advertisement267 1992-10-03 19 *j 3343 5 8 8 3 3 4 3 6 8 8 r GEographique. around the world in 24- hours. THE M NEVER SEEN A WATCH QUITE LIKE MECHANICAL jjßßHp^fej^BDr GEOGR APHIQUE *4flW BEFORE: FASHIONED in 18 k colo. it fjjFf': WfcJrmjL. *'r Setting new standards in AUTOMATICALLY SIMPUCITY. TURN267 words
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Page 20 Advertisements
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Advertisement33 1992-10-03 20 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. letters should include your contact numbers. Appointment Ads Help You Find The Right Candidate33 words
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Page 20 Miscellaneous
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Miscellaneous37 1992-10-03 20 DOONESBURY GARRY TRUDEAU TWO AN HOUR. PANNY! I HIM32KHIHL JdtNQW H3IHM I I &T7D OKAY,OKAY... I -SJOOIXV&miIAIIJSOdWD I M k n/I I HOUR.THATM&WSI _W IT/ I W^N! UiOULD READ UM ih I AK&UOild 6/ /ON3dN&3d I MHATT37 words
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Page 22 Advertisements
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Advertisement850 1992-10-03 22 Nothing Beats A Bud. where to wine, dine Wwic OF 1 f9ty4 Time 0 ?&i Penang High Tea Penarig High Tea comes to Kueh Pai Ti, A Chee Cheong Fun, At only 111.80++ per Nonya Kueh, a^u l aiu 56.80+ per child, Bubur Hitam and inclusive of coffee/tea, this is850 words
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Advertisement335 1992-10-03 22 i m -i- 'TTTTi 'il. liH The reat 1 Sri Lankan Treat. infe. fWt itt ky iuiilamoV' I I The Sri Lankan Food Promotion V and Business Week <2 i 28 Sept 3 Oct Lunch Reception HmD 12noon 2.30pm I J sth Floor, Dinner South Wing 6.30pm 10.30pm For reservations,335 words
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Page 23 Advertisements
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Advertisement191 1992-10-03 23 AND ENTERTAIN 1 JSjHB Curry Flavours Spice up this Sunday with our potpurri of curries. And our wondrous Salad Bar for a healthy balance! Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00++ For reservations, pleast call ANA HOTEL I 732-1222 extension 1700 bINOArvJKt 6191 words
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Page 27 Advertisements
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Advertisement24 1992-10-03 27 EH BpKSwtiP*R». i Hi < *^llf t Jlf'" **J~'»" *Si i f *x-» W gITIB uSi^^MMprm»-JBMJlitM3*C%l¥i^ r V^"' mKm P BTIHv INVESTORS' PLAYGROUND? ON SALE24 words
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Advertisement246 1992-10-03 27 >AOAN «^H 9 n| I 1 ||a 4ISI Kk. iw ft Bfl lk^ wr A KrSr jtfr r It's Quick and Easy. Get instant H I cash for your shares aver the 1 counter at any of our 28 branches. Use the loan for any purpose. Loans from $2,000 to246 words
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Page 28 Advertisements
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Advertisement47 1992-10-03 28 ITHANKDUI Lushington Entertainments would like to say a big thank you to the sponsors who have made it possible for Andre Agassi and John McEnroe to show us in Singapore what Super Tennis was all about. J§L SB €B€L 3 nmmnaa .Ji-.B fJH A LUSHINGTON ENTERTAINMENTS EVENT47 words
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Page 29 Advertisements
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Advertisement41 1992-10-03 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. Wa know Europe from Mart to Finnish.41 words
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Advertisement25 1992-10-03 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.25 words
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Advertisement44 1992-10-03 29 6AZZA: THE INSIDE STORY Wmml ■h s j Why has it taken 18 months for England soccer star Paul Gascoigne to return to top-class football? Was his knee injury that bad? Or was it all in the mind? the 4,new* NEW, NEWS, NEWSY PM'IT44 words
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Page 29 Miscellaneous
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Miscellaneous271 1992-10-03 29 1 Disadvantage sounds conteam concluded (8) 6 Her ingenuity initially will r j j 1 1 I I I I 1 I 9 Silver leaves boatman for a peeping Tom (6) 111 I I I I I I III! J 10 Grim, being allowed an 11 Come into property without271 words
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Miscellaneous161 1992-10-03 29 Singapore Outlook: Showers over several areas in the late norning and early afternoon. Report Maximum temperature 32.1 Assoc humidity 65% Minimum temperature 24.9 Assoc humidity 95% Hours of sunshine 4.00 Rainfall in mm 13.2 Rainfall this month 13.2 Rainy days this month I World report Asia-Pacific Hi/Lo* Cood. Auckland 16/09161 words
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Miscellaneous16 1992-10-03 29 (Extracurricular F\ctw\T,es ...J VSou Loo* T'gep. BRistquj.J V u 77 1 I ASSOCIATED NEWSPAPERS LTO., 1962-199216 words
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Page 30 Miscellaneous
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Miscellaneous1662 1992-10-03 30 TODAY'S TV IHHTTiTUTIFHiH ET fw v I K u.)i TV Pendkwun. Kerinduan, 4.00pm, SBC 5 The Light Gourmet: Marvellous A :J9 H 12,15 sapuriW Teaijerker that pulls out M > lk t 12.35pm, SBC 5 mt fl^ HfeU 1 MO Rampai Kenyalang. the stops to arouse audience There's some seriously1,662 words
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Miscellaneous655 1992-10-03 30 MOVIES ON TV Fatal Attraction, Man, underworld and killing peo--10.30pm, SBC 5 pie in fights weren't enough, Before the psycho nanny or daredevil hero Lin Gang (Andemented cop hit the screens, dy L 3") continues to court there was the original lover trouble by getting involved from hell. Michael Douglas655 words
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