The Business Times, 10 October 1992
1992-10-10
1
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The Business Times
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Title Section17 1992-10-10 1 Business Times MITA (P) 35/12/91 Weekend Edition, October 10-11 1992 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS SUMMARY
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68 1992-10-10 1 UNITED NATIONS Iraq has refused to receive a UN weapons inspection team due in Baghdad next week and has asked that the mission be postponed for three weeks until after the Nov 3 US presidential election. Iraqi Foreign Minister Mohammed Said al-Sahaf said68 words
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Article51 1992-10-10 1 WALL STREET stocks fell rapidly in early trading yesterday on renewed speculation that interest rate cuts won't occur until after the presidential election. The Dow dropped 30 points minutes after the opening bell but recovered somewhat, with the index down 14.86 at 3,161.17 after the first hour of51 words
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Article23 1992-10-10 1 LONDON share prices were higher at middav vesterday. At 1150 GMT. the FT-SE 100share index was up 23.4 points at 2,562.2.23 words
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Article26 1992-10-10 1 THE Thai government, eager to boost savings as a source of public funds, is studying Singapore's Central Provident Fund scheme Page 226 words
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Article22 1992-10-10 1 ARCHITECTS and engineers should pool their resources to form companies, National Development Minister Richard Hu said last night Page 222 words
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Article40 1992-10-10 1 UNIPHOENIX Corp Bhd's share price yesterday surge further on both the Singapore and Kuala Lumpur stock exchanges on news that the stateowned Heavy Industries Corporation of Malaysia Bhd (Hicom) has increased its stake in the company Page 340 words
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Article34 1992-10-10 1 THE four partners developing the former Khong Guan flour mill site at Tanjong Rhu will put in $60 million to convert the land into an upmarket resort condominium Page 334 words
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Article, Illustration29 1992-10-10 1 Friday Change BT-MGA 638.49 -0.02 Kuala Lumpur ....600.25 +8.48 Tokyo 17,059.78 -275.73 Hongkong 5,596.71 +41.18 Sydney 1,466.2 0.7 Thursday Change New York 3,176.03 +23.78 London 2,538.8 +21.729 words
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Article25 1992-10-10 1 Exchange rates USS SS 1.6055 100 Yen SS 1.3219 MS SS 0.6400 Money market rates Overnight I 1/2% +1 1/4 3-month 1 5/16% +1/1625 words
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Article37 1992-10-10 1 London Gold AM fix USS348.00 -USS0.20 Rubber S pore Nov 144.75«/kg -0.25 M'sia Nov 223.50*/kg +1.00 KL Tin Turnover SOlonnes +23 Spot MSI 5.39/kg -0.12 Crudo palm oil Turnover 406 lots -54 Nov MS870 /tonne unch37 words
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539 1992-10-10 1 BT reporters - Disk-drive makers do well but others hit by weak prices By BT reporters SINGAPORE The manufacturing industry chugged along sluggishly in the third quarter, with flat performances from major players in the electronics, oil and chemical industries, according to industry sources. The star performer539 words
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149 1992-10-10 1 SHENZHEN Singapore has offered to help China to develop and modernise two cities near Shanghai, Deputy Prime Minister Ong Teng Cheong said yesterday. Mr Ong, who was on an 11-day trip around China with Senior Minister Lee Kuan Yew, told reporters on149 words
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456 1992-10-10 1 Colin Tan - By Colin Tan SINGAPORE Housing and Development Board shops have continued to draw buyers like bees to honey. The latest sale, involving 122 new units, attracted 3,000 bids or an average of 25 bids per shop. Successful offers ranged from $200,000 for456 words
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258 1992-10-10 1 Loh Hui Yin - From Loh Hui Yin in BANGKOK THE Thai military, which has seen its political influence curbed since its bloody suppression of .pro-democra-cy protesters in May, will have no money allocated for weapons purchases in the forthcoming national Budget. Instead, says258 words
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165 1992-10-10 1 The Hongkong-China stand-off Reuter BEIJING China has hinted that it would reverse any democratic reforms that do not conform to the Bask Law when it takes control of Hongkong in 1997. It accused Governor Chris Patten of deliberate provocation by announcingReuter - 165 words
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315 1992-10-10 1 Lim Soon Neo - From Lim Soon Neo in HONGKONG HONGKONG Governor Chris Patten yesterday named 18 prominent business leaders to his Governor's Business Council, most of whom in one way or another have interests or links with China. They include Larry Yung, chairman of China315 words
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Page 1 Advertisements
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Advertisement119 1992-10-10 1 Nikon I TWA fi n m flii nln manhln Aimlam In 9 vVWKJ »rlntW riH/myiafHHC Dyiwni. The schizo scene In Singapore EL 2 COVER The lot of the Singapore artist EL 1 Aircraft Schedule EL 11 Commodities 1' Company News M Cryptic Crossword EL 11 Futures Options 16 Interbank Fore*119 words
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Advertisement10 1992-10-10 1 VIEWPOINT Rafidah Aziz on career and sexual equality FX 310 words
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Advertisement313 1992-10-10 1 PURSUITS Planning your own European holiday EL 7 Hock Lock Siew Is Uniphoenix still a good buy? Pg 3 HISTORY IN TIME Planetarium Copernicus. Handmade in IHct gold, individually numbered, sapphire crystal, water resistant to JO m. Shockproof. Lady Xeitfon. Automatic with power rnen-e, small second and date indicator. IBct313 words
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Advertisement12 1992-10-10 1 PURSUITS The Lover comes to town; Pepsi's new ad ELS Opinion, EL212 words
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Advertisement14 1992-10-10 1 Nikon TheWbrtd'eFtnMt PhojoyiipHtc ty—m. IT FINANCE A review of Asia's major markets EL 814 words
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PAGE 2 NEWS
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430 1992-10-10 2 But the two sides remain far apart, say American officials Reuter WASHINGTON American and Chinese officials held last-minute talks on Thursday in an effort to open China's markets and avert punitive American tariffs on up to US$3.9 billion (556.26 billion) worth ofReuter - 430 words
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Article, Illustration205 1992-10-10 2 SINGAPORE Two key factors had been driving the foreign-exchange rate market for the past week and would continue to do so, Singapore dealers said yesterday. The two elements were the failure of the US Federal Reserve to cut interest rates, and expectationsSource: Bloomberg - 205 words
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Article205 1992-10-10 2 SINGAPORE Prospects for the local marine industry are bright despite the current slowdown, according to Association of Singapore Marine Industries president Tan Mong Seng. Speaking at the association's annual dinner and dance yesterday, Mr Tan said: "While the knock-on effects of the current slowdown in205 words
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247 1992-10-10 2 Asahi TOKYO Yaohan International Group, a Hongkongbased department store and supermarket chain, has announced that it has agreed with a Chinese state-owned investment firm to set up a joint venture early next year to operate a chain of stores in China beginning inAsahi - 247 words
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117 1992-10-10 2 SINGAPORE The Immigration Department, which has shifted its premises twice before in 1960 and 1986 will soon have its own office building. The proposed 12-storey building, in Kallang Road, will have a gross floor area of 49,970 sq m and is expected to be117 words
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Article, Illustration227 1992-10-10 2 SINGAPORE International Video Products, a joint venture between Thomson Electronics and Toshiba, expects to launch the first Sin-gapore-developed video recorder by the middle of next year. Pierre Creau, Thomson executive vice-president of the video group, said yesterday: "Outside of the international centres, which227 words
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327 1992-10-10 2 Loh Hui Yin - Govt sees savings as key to success of economic plan From Loh Hui Yin in BANGKOK THE THAI government, eager to boost savings as a source of public funds, is studying Singapore's Central Provident Fund scheme. Thai Deputy Prime Minister Supachai Panitchpakdi says the CPF327 words
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412 1992-10-10 2 Anna Teo - HK tops survey for least intrusive govt intervention in business By Anna Teo SINGAPORE Hongkong is allergic to it, while China bags the booby prize for it. It is bureaucracy, of which Singapore too has a fair dose. But the Republic's bureaucracy is one that works,412 words
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Article, Illustration57 1992-10-10 2 CARSON, California Flames pouring from the scene of a refinery fire south of las Angeles on Thursday. A huge explosion rocked the Texaco refinery, causing a fire visible for more than 30km. Ihe area skm from the blaze was evacuated. At least 14 people suffered minor injuries in57 words
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210 1992-10-10 2 Bernama KOTA TINGGI The federal government has dropped all the new rulings governing the entry of Singapore tour buses and hired cars into Malaysia, Finance Minister Anwar Ibrahim said yesterday. Singapore tour buses and hired cars could now enter MalaysiaBernama - 210 words
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155 1992-10-10 2 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Architects and engineers should pool their resources to form companies, National Development Minister Richard Hu said last night Joining forces would help them handle larger contracts and improve productivity, Dr Hu said at the 26th annual dinner and dance155 words
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SINGAPORE ROUNDUP
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81 1992-10-10 2 PHILIPS Singapore has won a $4.9 million contract to upgrade the Environment Ministry's air-monitoring network. The project, to be completed in 1994, will comprise 15 stations around Singapore, with equipment to measure the level of various air pollutants. Data from the stations will be81 words
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Article70 1992-10-10 2 ADVERTISING agencies in Singapore can now choose between two new integrated software management systems. Local vendors Easiway Computer Systems and Survey Research Singapore (SRS) will market the packages. Easiway is offering a locally-developed system called EASIAD, while SRS is marketing a US-developed system called Adman, customised70 words
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Article61 1992-10-10 2 FORTY-EIGHT shoe makers from the Marche region of Italy are holding an exhibition at the Marina Mandarin. The exhibition, which started yesterday and continues today, is organised by Italian government-backed agency CAV Ital, and the Italian Trade Commission. The manufacturers hope to enter into joint ventures61 words
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Article43 1992-10-10 2 SEMICONDUCTOR firm KES Systems Service has formed a $16 million joint venture with Rood Testhouse International of Holland to start a semiconductor test centre in Singapore. Called KES Rood Technology Pte Ltd, the new company is at Kallang Basin.43 words
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Page 2 Advertisements
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Advertisement53 1992-10-10 2 Executive Offices in Singapore y 1. Fully furnished executive style. Excc utive Secretaries (multilingual). 3. Full support during your absence. 4. Word processing, direct mail, introductions, appointments. 5. Market research. SKILLTEK BUSINESS CENTRE PTE LTD 545 Orchard Road #15-02 Far East Shopping Centre Singapore 0923 Outside CBD Phone: 732 1880.53 words
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COMPANY NEWS 1
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Article, Illustration520 1992-10-10 3 KL govt-owned Heavy Industries Corp ups stake in firm to 32.4 pc SINGAPORE Uniphoenix Corp Bhd's share price yesterday surged further on both the Singapore and Kuala Lumpur stock exchanges on news that the state-owned Heavy Industries Corporation of Malaysia Bhd (Hicom)520 words
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596 1992-10-10 3 William Chia - HOCK By William Chia SINGAPORE In folklore, the phoenix is a legendary Arabian bird that sets itself ablaze every 500 years and rises anew from the ashes. The recent sharp rise in Uniphoenix Corp Bhd's share price suggests quite a596 words
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438 1992-10-10 3 Dawn Tan - By Dawn Tan SINGAPORE Malaysian International Shipping Corporation (MISC), the national shipping line, is set to prepay in full a US$lOO million (Ssl6o million) loan it took out in January this year, thus effectively quashing rumours that the company had intended438 words
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134 1992-10-10 3 Bernama KUALA LUMPUR Shanghai Chong Kee Berhad's acquisition of a 1.76 per cent stake in Kanzen Berhfed is purely for investment purposes and synergistic benefits arising from its recent joint venture with Kanzen. In a circular to shareholders yesterday, Shanghai Chong Kee saidBernama - 134 words
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243 1992-10-10 3 H R Johnson (M) looking into tie-up Bernama SEREMBAN H R Johnson (Malaysia) Bhd is currently studying the possibility of having a joint venture with a listed company for the manufacture of industrial ceramics, general manager Zanuldin Ahmad said yesterday. He told newsmen after a guided tour of its plantBernama - 243 words
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424 1992-10-10 3 Sylvia Wong - By Sylvia Wong SINGAPORE The four partners developing the former Khong Guan flour mill site at Tanjong Rhu will put in $60 million to convert the land into an upmarket resort condominium. Straits Steamship Land Ltd (SSL), DBS Land424 words
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COMPANY BRIEFS
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70 1992-10-10 3 SINGAPORE Tuan Sing Holdings Ltd has announced a change in its directors' holdings. Liem Tek Siong, whose wife Go Giok Lian is also a Tuan Sing director, has bought 5.96 million shares from TK Lim Realty Pte Ltd (a company controlled by Lim Tjoen70 words
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Article44 1992-10-10 3 SINGAPORE Jurong Cement Ltd has appointed Tay Joo Soon a director and audit committee chairman, effective yesterday. Mr Tay heads Tay Joo Soon Co. Jurong Cement's audit committee now consists of Mr Tay, Wong Siong Tiat and Tan Eng Sim.44 words
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Article36 1992-10-10 3 SINGAPORE United Industrial Corp Ltd (UIC) has dissolved two dormant subsidiaries in the UK: UIC Properties Ltd, effective Dec 3 last year, and Parkhurst Securities Ltd, effective Aug 4 this year.36 words
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Article75 1992-10-10 3 SINGAPORE CSA Distribution, a subsidiary of publiclylisted CSA Holdings, has been appointed an authorised dealer to market Epson printers. Epson Singapore's sales manager, Tony Chang, said the company would launch more printers in the next few months and, with CSA Distribution's help, would be able75 words
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Article298 1992-10-10 3 Bernama KUALA LUMPUR The days of easy money to be made from new stock listings are gone for good as premiums over the offer prices are no longer "too attractive", say market analysts. Malaysian Investors' Association president Patrick HS Lim said existing stocks wereBernama - 298 words
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COMPANY BRIEFS
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101 1992-10-10 4 MONTREAL Canada's two major airlines Air Canada and Canadian Airlines signed a pre-merger agreement on Thursday setting out the terms of their proposed alliance. Under previously disclosed terms of the merger, which will create a virtual monopoly in the nation's airline industry, Air Canada and101 words
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Article72 1992-10-10 4 HONGKONG Agri-industrial concern C P Pokphand Co said its net profit rose 44.0 per cent to US$2l.B million (5534.80 million) in the first half of its fiscal year ended June 30 from US$l5.l million in the same period last year. Thai-controlled C P Pokphand,72 words
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97 1992-10-10 4 SYDNEY Brierley Investments said yesterday it will sell 48 per cent of its 99 per cent holding in New Zealand food producer Huttons Kiwi Ltd for NZ$46.l million (5540.1 million) or NZ$l.26 a share. Analysts said the two sales were related to internal97 words
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Article93 1992-10-10 4 SEOUL The board of South Korea's Pohang Iron and Steel Co (Posco) yesterday appointed vice-chairman Hwang Kyung Ro to become the head of the world's third largest steelmaker. Mr Hwang, 62, will replace Park Tae Joon, who resigned unexpectedly on Monday but agreed on Thursday to93 words
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Article68 1992-10-10 4 MADRID The Kuwait Investment Office (KIO) is heading for a fight with major bank creditors over its plans to pull out of property and chemicals holdings in Spain. After the KIO failed to win help from the Spanish authorities, its holding company, Grupo Torras SA,68 words
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Article55 1992-10-10 4 HONGKONG Real estate and investment company Paliburg International Holdings has agreed to sell a 47.5 per cent stake in its subsidiary Richfield International Holdings to Angklong Ltd, a concern controlled by businessman Chan Kee Hwa, for HK5418.5 million (5586.6 million), Paliburg and Richfield said in55 words
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232 1992-10-10 4 Reuter NEW YORK A decision by Smith Corona Corp to move its only US typewriter factory and 875 jobs to Mexico is being viewed by some as an early sign of what will happen more and more when the North AmericanReuter - 232 words
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463 1992-10-10 4 US supercomputer maker hints at unfair govt dealings with NEC Reuter TOKYO The chairman of US supercomputer maker Cray Research Inc stepped up his protest against the award of a Japanese public sector contract to a competitor, hinting at unfair government cooperation withReuter - 463 words
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241 1992-10-10 4 Reuter HONGKONG The Securities and Futures Commission (SFC) announced proposals on reforming privatisations through schemes of arrangement to protect small shareholders. "The SFC's proposal will tend to discourage the use of schemes for privatisation attempts which arouse significant shareholder opposition and willReuter - 241 words
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446 1992-10-10 4 Move part of govt plan to partially privatise national industries Reuter BOMBAY India's biggest petrochemicals company will become the first state enterprise to sell shares directly to the public as part of the government's plans to partially privatise major nationalReuter - 446 words
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386 1992-10-10 4 Reuter TOKYO Financial troubles at ASCII Corp have brought home some simple truths to the software firm's high-flying, computer whiz president shareholders like to see profits on investment and business does not always boom. "It's painful, but we have toReuter - 386 words
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312 1992-10-10 4 Reuter WELLINGTON The New Zealand Stock Exchange (NZSE) has attacked "unfounded or excessive" criticism of its credibility in regulating the local market. But chairman David Wale said the exchange agreed with minority shareholders in the Bank of New Zealand (BNZ) thatReuter - 312 words
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Article, Illustration242 1992-10-10 4 Reuter SYDNEY Kerry Packer, Australia's richest man, plans to buy 10 per cent of Westpac Banking Corp, the country's largest bank, the Sydney Morning Herald reported yesterday. The newspaper, quoting unnamed sources close to Mr Packer, said he had developed aReuter - 242 words
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Page 3 Advertisements
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Advertisement169 1992-10-10 3 I IN THE MARKET PAGES 1 KL stocks surge 11 Hongkong stocks firm 13 PROPERTY '98 A Special Business Times Survey October 28,1998 Property markets In Singapore and abroad are at a crossroads. Which turning will they take? That's what everyone wants to know, and that's the question Business Times169 words
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Page 4 Advertisements
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Advertisement14 1992-10-10 4 m m j^ < v jMtf /vlr' MALAYSIA: INVESTORS' PLAYGROUND? IMIMIIIIBIBIBIIEBS3IIaEIiZ 8 Bj ON SALE14 words
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FINANCIAL NEWS
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391 1992-10-10 5 Most dual-trading banned, penalties for trading violations increased Reuter WASHINGTON The Senate approved legislation to strengthen policing of the US futures markets and increase federal oversight of futures based on stock market values. The Bill, also passed by the House, was sentReuter - 391 words
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Article, Illustration320 1992-10-10 5 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Britishowned NZI Insurance expects general premium income from the Asia-Pacific region to grow strongly. A senior official of NZl's parent company, General Accident, said on Thursday that Asia-Pacific premiums through NZI already accounted for 10 per cent320 words
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Article, Illustration584 1992-10-10 5 DBS Bank weekly currency review USD/DMK: Recovery sharper than anticipated The US dollar attempted a test of its historical low on Monday when it reached a low of 1.3885. A reversal in the daily bar chart coupled with oversold daily stochastics saw the584 words
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396 1992-10-10 5 NYT NEW YORK Citicorp is likely to resume paying a dividend on its common stock in 1994. John Reed, the company's chairman, said on Thursday that the company had solved enough of its problems so that investors should expect a strongNYT - 396 words
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312 1992-10-10 5 Bloomberg MANILA A Chinese bank and two Taiwanese banks will participate in an underwriting syndicate for a US-dollar-denominated bond issue by the Asian Development Bank, the ADB said yesterday. It will mark the first time Chinese and Taiwanese financial institutions haveBloomberg - 312 words
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397 1992-10-10 5 Reuter WELLINGTON New Zealand's unique central bank structure could become its newest export if inquiries from around the world to Reserve Bank governor Don Brash are anything to go by. Mr Brash, who has received inquiries on the New Zealand model fromReuter - 397 words
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SMALL CHANGE
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98 1992-10-10 5 TAMPA, Florida A federal grand jury indicted five men and one woman for trying to sell some US$2 billion (553.2 billion) worth of counterfeit Japanese bonds, US prosecutors said on Thursday. The investigation began last year after federal authorities were98 words
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Article83 1992-10-10 5 WELLINGTON Institutional investor National Mutual said yesterday that it had decided to accept the Bank of Scotland's bid for Countrywide Bank Ltd at the offer price of NZ$2.O5 per share. National Mutual had a 5.5 per cent holding in Countrywide. National Mutual was one of83 words
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Article66 1992-10-10 5 BANGKOK Bangkok Bank, Thailand's largest commercial bank, has promoted Vichit Surapongchai to president, effective Nov 1. He succeeds Chatri Sophdnpanich, who becomes chairman of the executive board. The reshuffle had been scheduled for the end of the year, but the departure of former executive chairman Amnuay66 words
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Article87 1992-10-10 5 WELLINGTON Bank of New Zealand Ltd said it was considering a request from a group of shareholders to hold an extraordinary general meeting (EGM) to clear up certain issues concerning its subsidiary, Adbro Investments Ltd. Adbro is the vehicle the BNZ has used to quarantine its87 words
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Article71 1992-10-10 5 LONDON British Chancellor of the Exchequer Norman Lamont should immediately publish the official report into the closure of the Bank of Credit and Commerce International (BCCI), an opposition Labour politician said on Thursday. Parliamentarian Keith Vaz called for Lord Justice Bingham's inquiry into BCCI to71 words
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456 1992-10-10 5 Reuter PARIS French banks are closing ranks to defend their practice of paying no returns on cheque account deposits after an offensive by Britain's Barclays pic that they fear could set a trend. Under a law dating from 1967, the payment of interest onReuter - 456 words
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Page 5 Advertisements
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Advertisement95 1992-10-10 5 BUS I NEss T 1 M E S 1M Mo 737 0043 Fn No: 734 -MM Wanted for U.S. owned petrochemical equipment wamam engineering/manufacturing firm established in Singapore Fabrication Applicantsmustbeexperienced Dlont n st eel/alloy fabrication rm\ techniques including pressure vessels, heat exchangers etc., Mononpl* also be familiar with typical IVIUIiUljwl95 words
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THE REGION
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NOTE BOOK
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69 1992-10-10 6 YANGON Myanmar's military is the only institution capable of taking the leading role in the country's politics, and of preserving national unity, the state-run media here said. Political parties are obsessed with power and must take a secondary role while the military provides the69 words
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58 1992-10-10 6 BANGKOK Thailand's new Minister of Transport and Communications supports ending a decades-old government monopoly on domestic telephone services, the Bangkok Post reported yesterday. Vinai Sompong said he would push for privatisation of the sector, proposed by the ministry's top bureaucrat, Permanent Secretary Mahidol Chandarangkura, as58 words
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Article, Illustration48 1992-10-10 6 HANOI South Korean ambassador Noh Soo Park (left) holding the seal of their new liaison office here as Vietnamese official Le Due Cang applauds during the opening ceremony yesterday. Seoul and Hanoi agreed in April to open liaison offices before establishing diplomatic ties.48 words
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Article78 1992-10-10 6 KUALA LUMPUR Visa International appealed yesterday for closer co-operation between Asia-Pacific bankers and merchants to stem the high incidence of credit card fraud in the region. Jack Miller, general manager of risk management for Visa, said that although some U*****,000 (*****,500) worth of irregular78 words
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468 1992-10-10 6 Reuter KUALA LUMPUR Some South-east Asian nations have set back the creation of an Asean Free Trade Area (Afta) by not responding to a vital preferential tariff scheme scheduled to take off in January 1993, a Filipino economist said. "Only two countriesReuter - 468 words
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289 1992-10-10 6 Reuter MANILA International Monetary Fund (IMF) endorsement of Philippine economic policies will help Manila's efforts to lure foreign capital crucial to sustained growth, economic analysts said yesterday. They said creditors and foreign investors will now look more favourably at theReuter - 289 words
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452 1992-10-10 6 Reuter KUALA LUMPUR Malaysia is poised to post its fifth year in a row of strong growth but planners may have to curtail public spending to cap inflation, economists said. "Economic growth has exceeded a sustainable rate. This will put pressureReuter - 452 words
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SHIPS IN PORT
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Article443 1992-10-10 6 tosal Voy Wo Berth Vmal Departure Vessel Voy No Berth frm* Dqwtoe Manna 1 FtaotranslO 37A P08B 1010/0600 11.10/1100 Batam Man *****2 M03 akxvade 1010/2300 Ned Rouen 2127 S P06 09.10/2200 10.10/2200 us m aS sss iss sii sasa ssiis Batam Sayang *****2 M03 alongsrte 1010/0500 Sacom/L443 words
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Article1308 1992-10-10 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinc/Mance Rstts Ship Voy No Etb/Btr Period From To From Acx Jade 106A 11/0700 i 09/1500 09/1659 09/1900 2 09/1700 10/0659 10/0900 3 10/0700 10/1159 10/1400 M MuJiarraq C9223e 11/0100 1 09/1500 09/1659 09/1900 2 09/1700 10/0659 10/0900 31,308 words
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THE WORLD
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Article, Illustration537 1992-10-10 7 Shake-up affects only election-related posts Reuter SEOUL South Korea's President Roh Tae Woo swept his spy chief and four Cabinet ministers from power yesterday, replacing them with non-political appointees to ensure fair December elections to pick his successor. Mr Roh andReuter - 537 words
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378 1992-10-10 7 FT FRANKFURT The EC should revamp its decisionmaking process if it is to assume its proper role in world affairs, according to Hans Tietmeyer, vice-president of the Bundesbank. It must also make corrections to the Maastricht formula to ensure that political union advances inFT - 378 words
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WORLD WATCH
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67 1992-10-10 7 BISHKEK, Kirghiziya Leaders of the Commonwealth of Independent States (CIS) agreed in principle at a summit yesterday to set up an inter-governmental bank to control money supply in the rouble zone, a spokesman said. "An inter-governmental bank will be formed; when this will67 words
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70 1992-10-10 7 NEW YORK President George Bush is locked in a tight race with Democratic candidate Bill Clinton in Texas, a state that is critical to the president's chances for re-election next month, the New York Times reported yesterday. The latest New York Times/CBS News70 words
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Article, Illustration39 1992-10-10 7 BERLIN Three children presented kids' wear during the first show for east German fashion in Berlin on Oct 8. The show was organised by Treuhand, the privatisation agency for former cast German companies.39 words
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Article90 1992-10-10 7 TOKYO Less than 10 per cent of public school teachers in Japan can teach their students about computers even though more than 65 per cent of schools have the devices, an Education Ministry official said yesterday. He said about 9 per cent of the 956,000 teachers90 words
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288 1992-10-10 7 AP WASHINGTON Poverty is increasing faster among white people who are not Hispanic than among blacks, an anti-poverty research group said on Thursday. The number of non-His-panic whites living in poverty increased 14 per cent, while the poor black population increased 10AP - 288 words
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Article, Illustration460 1992-10-10 7 Obituary NYT BONN Willy Brandt, whose life spanned the defeat of his German fatherland in two world wars and who won the Nobel Peace Prize for his efforts to overcome the Cold War division of Europe, died last night. He was 78, and hadNYT - 460 words
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Article, Illustration425 1992-10-10 7 Concession opens way for discussions on regional issues NYT JERUSALEM In a gesture intended to preserve the momentum of the Middle East peace talks, Israel on Thursday night withdrew its previous objections to the participation of Palestinians from outside the occupied territoriesNYT - 425 words
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Article, Illustration426 1992-10-10 7 Few Americans interested in 500 th anniversary NYT NEW YORK This time, Columbus really seems to have fallen off the edge of the earth. There were expectations a year or two ago that hoopla over the 500 th anniversary of his arrival in this hemisphere wouldNYT - 426 words
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Article, Illustration299 1992-10-10 7 Reuter TORONTO Canada's major exporters, considered the engine of the economy, are poised to reap the benefits of a slide in the Canadian dollar once the faltering US economy powers up again, analysts and exporters say. The Canadian dollar, battered by uncertaintyReuter; Source: TeleTrac - 299 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3395 1992-10-10 8 Quak Hiang Whai - By Quak Hiang Whai STOCKS IN Singapore ended virtually unchanged yesterday, with Malaysian counters dominating the thin trading. The Straits Times Industrials Index flirted with the 1,330 mark throughout the day, before ending 0.71 of a point higher at 1,333.21. The UOB3,395 words
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Article, Illustration88 1992-10-10 8 Quak Hiang Whai - -By Quak Hiang Whai PACIFIC CARRIERS has lost a lot of ground over the past year, plunging from above $1.80 to its current level. The stock looks headed for the $1 level, at which it should attract support Risk, therefore, is limited to the $1 mark. Weekly RSISOURCE: BRIDGE INFO - 88 words
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Article3118 1992-10-10 9 Ton* Meng 160 +14 +9.6% C Properties 660 +10 +1.5% FAN 950 +10 +1.1% SIA 200 1300 +10 +0.8% S1A Foreign 1410 +10 +0 7% Spore Land 368 +6 +1.7% Times Pub 342 6 +1.8% UE 158 +6 +3.9% First Capital 227 +5 +2.3% Jurong3,118 words
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Advertisement169 1992-10-10 9 YOU VERY OWN HASSLE-FREE ELECTRONIC_N EWS-CLjPPINO^ERViCEI If news and other pertinent information on companies listed on the Stock Exchange And for a subscription fee of only $250 per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe to this169 words
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Article3334 1992-10-10 10 Gentings 50* 800 25 3.2% Un i phoenix 195 +20 +11.4* Sg Way TSR97 116 +14 +13.7% Leader U 720 +10 +1.4% M Banking 610 +10 +1.7% UMW 364 +10 2.8% Malaya wau 229 +9 +4.1% Sungei Way 256 +9 +3.6% M Resources 89¥» +7Vi3,334 words
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Advertisement16 1992-10-10 10 EFFECTIVE RECRUITMENT ADVERTISINGI ITS ONLY A CALL AWAY.To why Um your 737-0043 B Bolao— Ttmm B16 words
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Advertisement279 1992-10-10 10 NOW, A HIGHWAY TO INDONESIA g>ikia^i nuyupHP In today's competitive business world, infonnation is a key factor which will give the edge. And, to get to the heartlands of Indonesia's economic and business affairs, one magazine more than any other, has more to show, tell and inform: ECONOMIC BUSINESS REVIEW279 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5357 1992-10-10 11 Bernama BUYING SENTIMENT improved in the afternoon ahead of the weekend to take share prices in Kuala Lumpur sharply higher in fairly active trading yesterday. The KLSE Composite Index at the close firmed 8.48 points to 600.25, the Industrial Index 6.34 higher atBernama - 5,357 words
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CHINA STOCK EXCHANGES
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Article, Illustration411 1992-10-10 12 CLSA THE SHANGHAI domestic market staged an encouraging recovery yesterday. Positive news helped restore some investor interest and gains were seen for all the A shares. There were rumours that in order to increase the listed companies' transparency, their profit and lossCLSA - 411 words
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Article, Illustration836 1992-10-10 12 Volume Price Chu^e Indah Kiat 367,500 2000 50 Igariaya 162,500 1500 unch Jafla 157,000 2950 50 Bank Intl Ind 149,500 2850 50 Lippo Land Dev 101,500 4650 unch PakuwonJati 101,000 2650 -50 Inco 90,500 3000 50 Lippo Bank 64,000 2700 unch Bank Duta 52,000 2350 unch Jaya836 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2161 1992-10-10 12 Reuter BANGKOK STOCKS rose yesterday, but finished off highs in active trade focused on small banks, brokers said. The SET Index rose 2.98 points to 886.34 on 16.4 billion baht turnover. Declines led advances 136 to 109. Five small banks were among theReuter; Source: Bridge Into - 2,161 words
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Page 12 Advertisements
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Advertisement62 1992-10-10 12 The Jakarta market report was not available. winnf hi mmm aw 1111 111 H ■II'HIII 1 I I H I I I I 111 lA ■111 Find out in I I■ I I ■I I ll I" I I■ I I Hwl I I Personal Investment and Finance. II I62 words
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Advertisement10 1992-10-10 12 Managers must manage. Business Times shows you how every Monday.10 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2610 1992-10-10 13 Reuter TOKYO STOCKS ended lower in sleepy trade yesterday, with the Nikkei clinging to 17,000. Program-linked selling related to yesterday's settlement of October options kept downward pressure on the market, but public fundbuying helped check losses, brokers said. "Considering the fact that itReuter - 2,610 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2411 1992-10-10 13 Reuter HONGKONG STOCKS finished higher yesterday as rumours that a Sino-US trade dispute could soon be resolved swept the market shortly before the morning close, brokers said. The blue chip Hang Seng Index ended the short week up 41.18 points to 5,596.71. It touchedReuter - 2,411 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2051 1992-10-10 14 Reuter AUSTRALIAN shares traded listlessly in a tight range to close marginally higher yesterday. Brokers said confidence in the day's firm start had been undermined by weakness in Tokyo. "Any rally attempted met selling into it," said one dealer. "There was noReuter; Source: Bridge Info - 2,051 words
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REGIONAL STOCK MARKETS
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NZ share market ends easier for fifth day
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Article356 1992-10-10 14 THE NEW ZEALAND share market closed weaker for the fifth day yesterday but brokers remained optimistic. The NZSE-40 Capital Index fell 1.23 to 1,383.42 after starting the week at ,1,423.43 and is now only about 13 points off the year's low set in April. "Sentiment-wise, it's feeling better.356 words
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Article562 1992-10-10 14 THE MANILA stock market rebounded from three days of decline yesterday, cheered by International Monetary Fund backing for the Philippines' economic programme, brokers said. Hie Manila Composite Index gained 4.31 points to close at 1,408.13. A strong finish on Wall Street also helped the market withstand a fall in562 words
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Article454 1992-10-10 14 TAIPEI STOCK Index closed 1.8 per cent lower yesterday as big and small players sold blue chips on worries about Taiwan's slowing economic growth, brokers said. The Weighted Index fell 65.46 points to end at 3,622.75. Turnover was NTS 17.37 billion. Economic planners said this year's 6.4 per cent454 words
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Article812 1992-10-10 14 PERSISTENTLY healthy interest in Pohang Iron and Steel Co (Posco) and the Korea Electric Power Corp (Kepco) yesterday helped Seoul stocks gain further momentum and brokers expected the market to perk up next week. The Composite Index added 5.84 points to 524.27 with turnover at 134.8 billion won from812 words
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Article86 1992-10-10 14 BOMBAY stock prices will gain next week after a cut in interest rates this week, traders predicted. "It is likely that the Bombay stock price index will move up by 25 to 30 points on Monday," said a broker. "The new credit policy of the government, reducing lending rates86 words
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Article51 1992-10-10 14 INDICES TURNOVER Ckac hwlwi Oct 9 NEW ZEALAND NZSE-40 Capital 1,383.42 1,384.65 -113 MANNA Composite Index 1.408.13 1,403.82 +4.31 Turnover (mil peso*) 342 299 +43 TAIPEI Weighted Price index 3,***** 3,688.21 -65.46 Turnover (NTS billion) 17.37 211 -3.83 SEOUL Composite Stock Index 524.27 518.43 +5.84 Turnover (billion won) 134.8 239.0351 words
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WORLD STOCK MARKETS
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US stocks rebound on basket of good news
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Article, Illustration1264 1992-10-10 15 NEW YORK stocks rebounded in heavy trading on Thursday as investors welcomed every bit of good news after being buffeted for weeks by grim economic reports at home and abroad. Shares opened higher on a convergence of positive signs a firming dollar, rebounding bond prices, improving labour situation,1,264 words
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Article324 1992-10-10 15 SHARP PRICE swings in brewer Heineken and publisher Elsevier were the main features of a tame Amsterdam session on Thursday where shares closed quietly firmer. The EOE Index finished 1.95 points higher at 281.03. Heineken gained 4.10 guilders to 171.70 in mild turnover. The stock was propelled by a324 words
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Article247 1992-10-10 15 ITALIAN STOCKS, long one of Europe's worst performers, enjoyed their best session for months on Thursday, surging over 3 per cent in heavy trade. Investor enthusiasm was fired by a range of factors from a parliamentary proposal to suspend capital gains tax on share trades to continuing talk of247 words
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Article198 1992-10-10 15 SWEDISH SHARES on Thursday closed slightly weaker after see-sawing through the day, ignoring lower credit market rates and a strong trend on the European bourses. The All-Share Index lost 0.19 per cent to 653.23 while the index of the top 16 companies slipped 0.21 per cent. Trade was light198 words
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Article168 1992-10-10 15 THE FIRMER dollar on Thursday pushed up shares on the Belgian bourse at the close and banking stocks also reaped gains from a domestic interest rate cut on Wednesday. The Bel-20 Index of leading shares closed up 12.12 points at 1,089.27. Shares worth around 634 million francs changed hands.168 words
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Article273 1992-10-10 15 BARGAIN-HUNTING and an afternoon climb in New York boosted Toronto stocks from midday weakness to a strong close on Thursday, dealers said. Inter-listed shares also trading on the US exchanges and bank shares were among the best performers on the day. "The sentiment and all that kind of stuff273 words
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Article, Illustration824 1992-10-10 15 SHARE PRICES firmed in trading on the London stock market on Thursday, steady after a rather lacklustre speech from Chancellor of the Exchequer Norman Lamont to the Conservative Party conference. The FT-SE Index of 100 leading shares was up by 21.7 points at 2,538.8 points. The FT-30 was up824 words
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Article309 1992-10-10 15 Other markets in Europe, South Africa and Canada Johannesburg Oct 8 Rand industrials A Alpha 3000 unch AECI 575 unch AMIC 6000 100 Abercom 125 Amaprop 650 25 BAZ 1300 Barlows 4850 80 Basil Strk 10 unch Blyvoor 350 25 CG Smith ***** -100 Cnagalo 2200 unch Curfin 650 10309 words
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Article245 1992-10-10 15 THE FRANKFURT stock market enjoyed a "technical rally" on Thursday, operators said, as the DAX Spot Trend Index finished the day at 1,451.12 points, against 1,436.05 at the Wednesday close. The Commerzbank indicator also gained one per cent to close at 1,626.80 points. A DG Bank operator said: "What245 words
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Article227 1992-10-10 15 THE PARIS bourse, hoping for a cut of German interest rates, scored a moderate gain on Thursday as the CAC 40 Index ended at 1,673.86 points, up by 1.19 per cent from the Wednesday close. The indicator had been up by 0.58 per cent at the opening, and then227 words
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Article74 1992-10-10 15 INDICES TURNOVER NEW YORK Close Oct 8 Previous Dow Jones SAP 500 Turnover (million) 3,176.03 3,152.25 +23.78 407.75 404.25 +3.50 205 00 184.38 20.62 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,870.4 2.538.8 514.6 1,847.3 +23.1 2,517.1 +21.7 543.7 -29.1 FRANKFURT DAX Index 1.451.12 1,436.05 +15.07 AMSTERDAM EOE Index74 words
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Article292 1992-10-10 15 SWISS SHARES closed firmer in moderate trade on Thursday. But dealers said the firmer dollar's positive effect was partially offset by profit taking on recent strong gains. "Hie market was dominated by professional traders, while private clients, still wary of interest rate developments, were reluctant to enter the market,292 words
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Page 15 Advertisements
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Advertisement24 1992-10-10 15 ssffi® 5 offers K= the mo®* current ■F list o/j° b opP° rt y/ 1 When people want fast results they call C.A.T.S. 737-116624 words
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CURRENCY, MONEY & FUTURES MARKETS
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1241 1992-10-10 16 REPORTS Tokyo: The US dollar was firmer against the mark, but well off highs, in trade dominated by speculation. Speculative buying, helped by sterling buying for marks, brought it above 1.4950 marks, then profit-taking and speculative sales pulled it back down to1,241 words
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Article422 1992-10-10 16 Cross rates Oct 9 I USS SS MS Dm Yen SFr AS NZ$ USS 1.6025 2.5100 1.4920 121.80 0.5942 1.3240 1.3899 1.8433 ;ss 0.6240 1.5663 0.9310 76.0062 0.3708 0.8262 0.8673 1.1503 MS 0.3984 0.64 0.5944 48.5259 0.2367 0.5275 0.5537 0.7344 Dm 0.6702 1.0741 1.6823 81.64 0.3982 0.8874422 words
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Article545 1992-10-10 16 Interbank rates S$ Bid Ofc Overnight I 1/2 1 3/4 1-month I 3/16 1 5/16 2-month 1 1/4 I 3/8 3-month 1 5/16 I 7/16 Overnight mode: 3/8 LiS$ Bid Offer 7 days 3 1/8 3 1/4 1 month 3 1/8 3 1/4 2 months 3 1/8 3545 words
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Article380 1992-10-10 16 Reuter MILAN The Italian lira appeared to be enjoying a respite after this week's spectacular falls against the mark but few were counting on a lasting recovery. "When it fell near 1,000 (to the mark) on Tuesday it was perhaps looking a bit ridiculous, butReuter - 380 words
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Article1466 1992-10-10 16 SIMEX EUWOOUAH Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 96.84 96.84 96.76 96.77 ***** 8762 ***** Mar 93 96.79 96.79 96.72 96.72 ***** 7002 ***** Jun 93 96.44 96.44 96.37 96.38 3800 4344 ***** Sep 93 96.01 96.03B 95.97 95.98 2035 1798 3776 Dec 931,466 words
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Page 16 Advertisements
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Advertisement7 1992-10-10 16 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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388 1992-10-10 17 Reuter LONDON The apparent failure of efforts by producers and traders to support the zinc and aluminium markets at acceptable levels may leave smelters little alternative but to cut output if the economic gloom fails to lift, traders said. The spectacularReuter - 388 words
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306 1992-10-10 17 Reuter LONDON Global sugar production in 1992/93 will exceed consumption by 2.63 million tonnes, raw value, the International Sugar Organisation (ISO) said in its first assessment of the 1992/93 crop cycle. This compares with a revised surplus of 2.91 million tonnesReuter - 306 words
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793 1992-10-10 17 REPORTS POOR buying support from consumers pressured the spot tin price on the Kuala Lumpur Tin Market to close 12 sen lower at M$ 15.39 per kg. Dealers said miners swamped into the market, prompted by Thursday's slight price recovery and the793 words
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Article1573 1992-10-10 17 Rubber HAS Co—iwlWy Exchange (hrtrw doting at lpwi) IBS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Nov 92 144.75 144.75 144.75 50 2,150 Dec 143.00 142.75 143.00 1,125 3,025 Jan 93 140.50 140.00 140.25 375 5,350 Feb 139.00 139.00 139.25 100 5,500 Mar1,573 words
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Page 17 Advertisements
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Advertisement358 1992-10-10 17 Your son is studying overseas. And you want him close to home w,th news from home. Someone dose has been living in Canada for some years. v«.. w« You've given up posted writingttMMe i manage, tohead long letters. gw T°ky° rtllce. The Straits Times 1116 Strart# Times Weekly tells it358 words
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386 1992-10-10 18 Proposal will be influential if Clinton wins presidency AP WASHINGTON A proposal to raise US taxes on foreign firms by US$3.2 billion (555.12 billion) a year was made on Thursday by a former US Treasury official. The proposal was part of aAP - 386 words
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Article395 1992-10-10 18 Business leaders expect sluggish performance well into 1993 Reuter HOT SPRINGS, Virginia The US economy is likely to stay sluggish well into 1993, and neither lower interest rates nor next month's election results will change that, top corporate leaders said on Thursday. More than 100Reuter - 395 words
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Article, Illustration40 1992-10-10 18 President George Bush touching foreheads with eight-year-old Erick Mena, a student at the Sunshine Cottage School for the Deaf, after he went jogging at the Alamo Stadium in San Antonio on Thursday. President Bush's re-election woes, EL240 words
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241 1992-10-10 18 Reuter TOKYO The Bank of Japan (BOJ) has all the reasons it needs to cut its official discount rate by half a point within four or five weeks in the face of a slow domestic economic recovery, economists said yesterday. The timingReuter - 241 words
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367 1992-10-10 18 Reuter WASHINGTON The pact to link the US, Mexico and Canada in a giant trading bloc contains an obscure clause that could open up the zone to countries in Asia and Europe and reshape the entire enterprise, experts said. ClauseReuter - 367 words
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170 1992-10-10 18 AFP TOKYO Japan is preparing to propose creating four permanent seats in the UN Security Council (UNSC) without veto power, one of which it is hoped will go to Tokyo, the Asahi Shimbun said yesterday. The four would be chosen by 1995, the 50thAFP - 170 words
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Article, Illustration402 1992-10-10 18 Further punishment against former Chinese leader also ruled out AFP BEIJING The Chinese Communist Party announced yesterday an end to a probe into its former leader Zhao Ziyang, ousted for supporting the 1989 Tiananmen Square pro-democracy movement, and ruled out any further punishment againstAFP - 402 words
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489 1992-10-10 18 Fledge amounts to opt-out clause on monetary union IHT, AFP BONN The German government, opening its drive for approval of the Maastricht Treaty to advance European integration, has promised that Bonn will not allow the dcutschcmark to be replaced by a single EuropeanIHT,; AFP - 489 words
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Article, Illustration356 1992-10-10 18 Reuter BRIGHTON, England Prime Minister John Major promised his sceptical Conservative Party yesterday he would never allow Britain's national identity to be sunk in a federal Europe. "It's time the distortions were put to one side. It's time to return theReuter - 356 words
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193 1992-10-10 18 AFP BEIJING China has targeted the United States, Japan, the European Community and the former Soviet Union as its main political threats, a report seen here yesterday said. A cabinet adviser predicted China would be the Pacific Rim's leader in economic development inAFP - 193 words
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Page 18 Advertisements
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Advertisement7 1992-10-10 18 1$ INVESTMENT Every Saturday in Business Times7 words
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Advertisement5 1992-10-10 18 President Bush's re-election woes, EL25 words
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Advertisement13 1992-10-10 18 Every Saturday in Business Times EC urged to reform decision-making process, Pg 713 words
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Executive Lifestyle
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Article, Illustration1538 1992-10-10 19 Kevin Sullivan - Can the Singapore artist satisfy his basic needs by fulfilling his artistic aspirations? Or does he paint what he thinks will sell? Kevin Sullivan reports Kevin Sullivan AS THE local art scene continues to grow, one question emerges: Can an artist find both commercial and artistic1,538 words
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STRAWS IN THE WIND
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Article64 1992-10-10 19 IN A Pans bookshop, a tourist asked for a book by her favourite author Lewis Grassic Gibbon. She was shown to some shelves of books marked with pink triangles a section on lesbian and homosexual literature. No wonder. The title of the book she wanted was64 words
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Article124 1992-10-10 19 IN THE mood for some political poetry? Here are some haiku (Japanese verses) derived from the US election campaign as compiled by the Wall Street Journal: Clinton's Embrace I put people first. I also love cats and dogs. But they cannot vote. Dream of Balance O, balanced budget!124 words
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OPINIONS
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932 1992-10-10 20 Anna Teo - It looks like Singaporeans are inevitably schizophrenic. Or maybe they aren't... Anna Teo wonders Anna Teo The writer is a BT correspondent TWO ASPECTS of what is said to be Singapore's karma were raised recently: Singaporeans live in a state of perpetual932 words
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Article, Illustration732 1992-10-10 20 Jackie Sam - Governor Chris Patten's prepared for a scrap with China, says Jackie Sam Jackie Sam The writer is a Hongkong-based political consultant who contributed this comment to BT SINCE 1985, when Britain and China came to terms on Hongkong's future, there has been the732 words
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629 1992-10-10 20 Captain Edwin Wong - LETTERS TO THE EDITOR Captain Edwin Wong Singapore 0106 LITTORAL nations along the Straits of Malacca have rightly expressed concern over the recent spate of collisions in the Straits. The threat to the marine environment and the consequential social and629 words
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Article, Illustration688 1992-10-10 20 Hean Chung - Hean Chung on President Bush's reelection woes Hean Chung The writer is a sub-editor with BT. He studied in the US from January 1986 to May 1991. WHAT is the single overriding goal of the George Bush presidency? That was the question the then White House chief of688 words
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Article358 1992-10-10 20 Agnes Low K Choong - Agnes Low K Choong Singapore 1545 I REFER to the reply by the Ministry of Health (headlined Family ad not meant to put down women, but script will be changed on Oct 8) to Jaime Ee's article Where to draw the line on those family ads358 words
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PROFILE
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Article, Illustration1641 1992-10-10 21 Kenneth James - CONVERSATIONS AT RAFFLES Malaysian Minister for International Trade and Industry Rafidah Aziz tells Kenneth James about the various 'firsts' in her life Kenneth James RAFIDAH AZIZ, Malaysia's International Trade and Industry Minister, once stopped an ambassador in mid-speech. "It was in his house, in front of soPhoto by Chris Loh - 1,641 words
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Article732 1992-10-10 21 More can be done to make women aware of their rights IN MULTI-RACIAL Malaysia, discrimination is an emotive issue. Ms Rafidah supported the New Economic Policy's "positive discrimination" of the indigenous bumiputra community through quotas; but, she emphasises, only as a way of redressing a historical732 words
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Article533 1992-10-10 21 NOT ENOUGH is being done to foster better relations between the next generation of Malaysians and Singaporeans, Ms Rafidah believes. This, she clarifies, is the generation of "younger people who are not yet in government, maybe MPs and professionals now who would then be integrated533 words
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EPICURE
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Article, Illustration495 1992-10-10 22 Susan Tsang - Susan Tsang savours some summer flavours Susan Tsang SUMMER may be over in Hongkong, but in Singapore's perpetual summer, the Summer Palace at the Regent Hotel is celebrating a Hongkong Food Festival this month. There are two set menus for 10 persons the Emperor Choice ($698) and the495 words
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LIFESTYLE
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Article, Illustration524 1992-10-10 23 Patricia Wells - Patricia Wells recommends three value-for-money eateries in an otherwise pricey Parisian district Patricia Wells IHT LETs face it, the Left Bank is great for just about everything. Except meals that offer great value. Numerous restaurateurs in the 6th and 7th arrondissements generally get by with foodIHT - 524 words
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Article, Illustration579 1992-10-10 23 N K Yong - A selection of the 22-year-old vintage was uncorked and sampled WINE By N K Yong THE 1970 Bordeaux vintage cannot be bracketed with 1961 and 1982 as one of the greatest of the century, but it is unquestionably one of the finest. At 22579 words
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PEOPLE
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Article, Illustration202 1992-10-10 23 AFTER battling it out in the pits all day long, they took some time off to drink and dine with each other. Members and friends of the Singapore International Monetary Exchange packed into the Neptune Theatre on Sep 19 to celebrate the exchange's eighth anniversary.Photos by Chris Loh and Arthur Lee - 202 words
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Article, Illustration154 1992-10-10 23 THE occasion was the opening of this year's Asean Roundtable, an annual seminar organised by the Institute of Southeast Asian Studies (Iseas). Over the next two days last month the seminar itself on Afta (the Asean Free Trade Area): The Way Ahead occupied leading154 words
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PURSUITS 1
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Article, Illustration656 1992-10-10 24 Susan Tsang - A restricted movie, The Lover, has left Susan Tsang gasping for breath. But the reason for this has nothing to do with its rating Susan Tsang MUCH has been said about the steamy sex scenes in Jean-Jacques Annaud's film, The Lover, and no doubt, it will be656 words
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Article, Illustration576 1992-10-10 24 RINGO LIEW - CO Review By RINGO LIEW PETER GABRIEL: Us In another time and place, this album would probably have been titled Peter Gabriel Sings The Blues. In a painful collision of lofty art and gritty life, Peter Gabriel {ex-Genesis lead singer and full-time Amnesty International activist) bares his soul576 words
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Article, Illustration577 1992-10-10 24 Jaime Ee - Money, it would appear, is no problem for Pepsi-Cola, especially when it comes to making commercials. Jaime Ee looks at the new Pepsi TV ad Jaime Ee Do you remember when he looked so real now he looks just like a man with quite577 words
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Article, Illustration1939 1992-10-10 25 David Lim - Feel like going on a holiday with a difference? David Lim gives a few tips to travellers who would like to visit Europe but who don't want the conventional tour package David Lim Everybody knows it, but not everyone has the energy to do it,1,939 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration596 1992-10-10 26 Amir Khalil - The European financial crisis should not be a dampener for those wanting to invest in foreign currencies, says Amir Khalil Amir Khalil THESE days, only a brave individual would look at foreign currencies as an investment option. As the recent European currency crisis shows,Source: Bloomberg - 596 words
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Article, Illustration133 1992-10-10 26 CREATED in 1978, the European Currency Unit (ECU) is made up of specified amounts of the national currencies of all 12 countries of the European Community. For example, the German mark constitutes 30.5 per cent of the ECU. The other major components are the French133 words
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Article, Illustration864 1992-10-10 26 Rahita Elias - STOCK The stage is set for a shining KLSE debut for Malaysian port operator KCT. Market observers share their views with Rahita F.lias Rahita Elias Remember Tenaga Nasional Bhd's debut on the Kuala Lumpur Stock Exchange in May this year. Shares of the privatised864 words
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Article, Illustration680 1992-10-10 26 Goh Klang Fong - CHART By Goh Klang Fong The writer is head of research at Lum Chang Securities Pte Ltd THE Singapore market experienced a short but weak rebound two weeks ago. This had been expected and is in line with market sentiment worldwide. It is nowSource: Investamatic - 680 words
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696 1992-10-10 26 Kurt Eichenwald - Kurt Eichenwald learns some survival tactics from experts on how to cope in a period of low yields and high risks Kurt Eichenwald NYT INDIVIDUAL investors in the US have rarely had it so tough. With low interest rates tarnishing the value ofNYT - 696 words
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Article, Illustration1069 1992-10-10 27 Salil Tripathi - Salil Tripathi speaks to analysts and gives a round-up of the performances of major stock exchanges in the continent Salil Tripathi Moderate decline in overseas demand of Asian exports due to economic slowdown in OECD countries, sluggish growth in inward foreign investments, and a cautious1,069 words
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Article, Illustration812 1992-10-10 27 Kurt Eichenwald - Amid global turmoil, the US stock market's 3rd auarter looked dull. But a wild wind did stir things up a bit, reports Kurt Eichenwald Kurt Eichenwald NYT BY ALL rights, the US stock market during the last few months should have beenNYT; Source: Bloomberg - 812 words
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SPORTS
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SIDE LINES
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88 1992-10-10 28 SINGAPORE The 1992 Pioneer PGA Championship has received a total of 201 entires, according to the Professional Golfers' Association of Singapore. The largest number of entries is from Australia, while Singapore will field a 40-strong contingent. The tournament will be held at the Singapore88 words
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Article85 1992-10-10 28 TOULOUSE, France Petr Korda of Czechoslovakia and Guy Forget of France, the top seeds in the U*****,000 (*****,850) Toulouse Open tennis tournament, struggled into the quarter-finals, both having to come from behind to win. Korda, a finalist at the French Open in June, beat Lionel Roux,85 words
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Article80 1992-10-10 28 ZURICH Patty Fendick of the United States upset No. 3 seed Manuela Maleeva-Fragniere of Switzerland 6-3, 6-3 on Thursday to reach the quarter-finals of the U*****,000 European Indoors tennis tournament. Fendick, 27, is the 61st-ranked player worldwide. Maleeva-Fragniere, ranked ninth in the world, was suffering from a mild80 words
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Article77 1992-10-10 28 BELGRADE The Fischer-Spassky chess match scheduled for Thursday was put off at the request of Russianborn Boris Spassky, who said he was suffering from stress after his opponent's win earlier in the week. The match was postponed until today. American Bobby Fischer won the 16th77 words
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Article119 1992-10-10 28 LONDON Former England soccer captain Gary Lineker is learning Japanese fast in preparation for his move to Nagoya Grampus Eight next year. The 31-year-old striker and his wife Michelle have been attending a language school here since August and, according to tutor Kyoko Shimazaki, are picking119 words
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Article61 1992-10-10 28 HAMBURG Russell Claydon of England and Bill Malley of the United States shared the lead at four-under-par 68 after the first round of the Honda Open golf tournament on Thursday. Fred Couples, the US Masters champion, was one stroke behind at three-under 69 in a61 words
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Article90 1992-10-10 28 CHARLOTTE, North Carolina Michael Jordan has been subpoenaed to testify in a drug and money-laundering trial, according to a newspaper report. Jordan, the NBA's leading scorer in the past six seasons and the floor leader of two-time champion Chicago Bulls, was summoned to testify in90 words
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407 1992-10-10 28 Local knowledge helps Robert Gamez gain one-stroke advantage AP LAS VEGAS Robert Gamez, a hometown boy playing before a gallery of family, friends and neighbours, took a one-shot lead on Thursday in the golf tournament he wants most to win. "If I hadAP - 407 words
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Article, Illustration494 1992-10-10 28 AFP WENTWORTH, England Australian Greg Norman conjured a brilliant bunker shot at the last hole of his first-round match with American Brad Faxon here on Thursday to keep alive his hopes of a fourth World Match Play title. After pushing hisAFP - 494 words
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Article, Illustration369 1992-10-10 28 AFP DUBAI Thailand's James Wattana could have kicked himself after missing an easy green which would have clinched him a final berth in the Dubai Duty Free Classic here on Thursday. Instead, the error gave world champion Stephen Hendry an unexpected lifeline, allowing himAFP - 369 words
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Article, Illustration436 1992-10-10 28 Reuter NEW YORK Heavyweight contender Lennox Lewis has hit out at fellow Briton Frank Bruno's comeback effort. Lewis believes Bruno is distracting attention from his own bid for a title fight. "He has had his time, made his money and to haveReuter - 436 words
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Article, Illustration843 1992-10-10 28 Reserved Swedish ace happy to be back on top of the tennis world NYT MINNEAPOLIS Avoidance is still his preferred public posture, and unlike his peers Pat Cash and John McEnroe, he's not a closet rock star. In fact, he's not a closetNYT - 843 words
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Article1257 1992-10-10 29 aty ntgtrt ETA FlgH FTD Ma MmM GA970 0010 GA976 0025 MlllHl QF81 1955 QF82 2205 SQ228 2025 *MWW SQ319 0715 KL837 1340 SQ342 2325 KL838 2340 SQ286 2030 ■afcrala GF148 0855 B Sari hmm B1421 1105 SQ182 0915 SQ181 1410 BI422 1205 B)429 2030 BI4301,257 words
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TRAVEL
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Article, Illustration750 1992-10-10 29 Nirmal Ghosh - POSTCARD FROM CALCUTTA By Nirmal Ghosh AS I worked my tele lens through the wire mesh, the crocodile, all of four feet long, swung towards it open-mouthed, hissing angrily, tail lashing. His teeth were razor-sharp, I had just seen them crunch up a small crab750 words
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Article151 1992-10-10 29 As at 10am yesterday: Local dollars to ooe unit oT foreign currency Currencies Bid Offer Australian dollar 1.1453 1.1615 Canadian dollar 1.2692 1.29SO NZ dollar 0.8574 0.8750 Sterling pound 2.6880 2.7255 US dollar 1.5970 1.6050 Local dollars to 100 units of foreign cintocy Austrian schilling 15.36151 words
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Article75 1992-10-10 29 Duration Title Venue Organiser Td Nov 7-15 International Barcelona. Foire De (34)3/*****51 Caravaning Show Spain Barcelone Nov 10-14 International Bilbao. Spain Feria 34-4/*****22 Exhibition of the Intemacional <f«*> Naval, Maritime, de Bilbao Port Offshore Industry Duration Title Venue Organiser Td Nov 11-22 Geneva Fair Geneva Societe 002/*****8375 words
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TIME OFF
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Article167 1992-10-10 30 Singapore Symphony Orchestra Marcelli and Kiss. A flute and harpsichord recital. Programme includes J S Bach's Sonata in B minor and Sonata in G minor, G P Telemann's Sonata in F minor, A Corelli's Concert i Grossi op 5 No 12 in D minor (La Folia), CPE Bach's Sonata167 words
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Article, Illustration337 1992-10-10 30 Equilibrium II by Poh Siew Wah An exhibition of 20 abstract paintings reflecting the Tao of things through the use of contrasting colours and the interplay of shapes and forms. Intensifying the forces at work with the use of pure primary colours and simple basic forms. Venue. Notices The337 words
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Article650 1992-10-10 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). Cathay 1: 11; 1.30; 4; 6.45; 9.15. Leisure-Drome: 1.30; 4; 7.15; 9.30. Batman Returns. Michael Keaton competes650 words
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Page 19 Advertisements
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Advertisement274 1992-10-10 19 an 0 n L 3 3i 4 3 5 8 8 3343 6 8 8 GCographique. Around the world in 24 hours. **3 THE WORLD NEVER SEEN A watch aßKnlll^^^B THE MECHANICAL G£OGR APHIQUE BP^lMfrtf^^^^Hj^P^gßß^raHLyM^BP BEFORE: FASHIONED IN 18 K COLD. IT mKim wtdL. K 47*|f Setting new standards in274 words
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Advertisement27 1992-10-10 20 B I welcomes letters from you. Please address them to: The Editor, Business l imes, 390 Kim Seng Rd, S'pore 0923. letters should include your contact numbers.27 words
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Page 20 Miscellaneous
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Miscellaneous26 1992-10-10 20 DOONESBURY GARRY TRUDEAU \\WSCmBA6i}[H&,YOUTM9?\ tL wTtatsorw eoopsescx- 6R£Atmoh£ not a *XKPNGBAT Pf&HfSe'OOP WCB&tf, MVSWM ROfiMORNO.nL STOPS HS BUM SIR ///y/ stxev SiR I PEAPINTHtS HUNTWUPQHN %RORSrm>IN6...26 words
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Page 22 Advertisements
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Advertisement236 1992-10-10 22 Nothing Beats ABud-ft&Vfl where to wine, dine JOKING or ~kme /W Penang High Tea Co me and sample our re- j I vamped menu at Princess Terrace. It's extra delicious! Available every Saturday, Sunday and Public Holidays At only $11.80++ per adult and $6.80+ per child, The combined experience of236 words
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Advertisement297 1992-10-10 22 noimeej Little Morsels Great Pleasure The truffle, a highly esteemed delicacy belonging to the mushroom family, has been known and appreciated since ancient times. With 70 varieties, there are ample choices for you to enjoy, made all the more delicious with the magical touches of our masterchefs. Savour these delectable297 words
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Advertisement216 1992-10-10 22 if mi Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sneet favourites. And if that's not enough, our Sunday tea special also includes Karaoke at Singsation, Singapore's only theme karaoke. Weekend Hi Tea: $10.50 (adult) Cafe PIaZS Sat216 words
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Advertisement255 1992-10-10 22 to 2Jopfli Top of the M goes international rfV this month. Come savour aM£ S»i»««pore I cuisine from around the world. At Top of the M, we put the world at your fingertips. wt>m*»oridiDpi<iTo|>o(fcM s \j//andarm QD tvwa/**' mocfwdlked SbworeO<23 T* *****11 24 hourCoftM Houm ESSES?"" 5® l22S£ (1230pm to255 words
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Page 23 Advertisements
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Advertisement180 1992-10-10 23 AND ENTERTAIN Truly International i That's our culinary offering every Saturday, with a potpurri of fascinating flavours. Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00++ For rtMTvatiwu, please call ANA HOTEL 732-1223 extension 1700 SINGAPORE TSUm 55 DID YOU HEAR WHAT 1 HEARD? Unbelievable!180 words
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Page 27 Advertisements
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Advertisement236 1992-10-10 27 J r H* m j y &553 Byfc I j It's Quick and Easy. Get instant B 1 cash for your shares over the counter at any of our 28 branches. m the loan for any purpose. Loans from $2,000 to $100,000. MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS!236 words
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Page 29 Advertisements
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Advertisement41 1992-10-10 29 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. We know Europe from (tart to Finnish.41 words
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Advertisement7 1992-10-10 29 Advertising Marketing in Business Times every Thursday7 words
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Advertisement27 1992-10-10 29 Where do they go to write their bestsellers? i r Z |Bj GOPAL BARATHAM SUMIKO TAN DAMI EN SIN CATHERINE LIM Some surprises in our weekender H27 words
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Page 29 Miscellaneous
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Miscellaneous281 1992-10-10 29 1 Put forward that support does need changing (8) I i Z. Z 9 Colourful inauguration for MM 10 How to solve a knotty I I problem (4) 11 See differently signal in jargon 9^o—— 13 Piece of cloth chaps found 1 13 I T j l4 I 15 Convincing281 words
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Miscellaneous160 1992-10-10 29 Singapore Outlook: Showers over several areas in the morning. Report Maximum temperature 30.6 Assoc humidity 77% Minimum temperature 24.7 Assoc humidity 97% Hours of sunshine 2.70 Rainfall in mm 7.9 Rainfall this month 109.5 Rainy days this month 6 World report Asia-Pacific Hi/Lo* Cond. Auckland 19/09 Cloudy Bangkok 32/24 Cloudy160 words
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Miscellaneous22 1992-10-10 29 (lOHsf do vcj SACK) f'• y 2>£.€.n S?C< °T '-OCSic gepvW SPO'-UT THP^T ooesxs VHQL'Dp.y, y X 8779 ASSOCIATED NEWSPAPERS LTD IH2HM22 words
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Page 30 Miscellaneous
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Miscellaneous1625 1992-10-10 30 TODAY'S TV ■mrmHi 1030 s ce r ua,ian s ccer JUS vl EsffSn"* L'U I >11 L'J In 1992/93 fUW 1 12.00 NN Now* (M). 11.25 Clom. M A- 12.15 pud MUk Romaja An|ki Ayahku, 4.00pm, SBC 5 Carol and Company, 2.45pm, «< If ap ri (M L A man1,625 words
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Miscellaneous623 1992-10-10 30 MOVIES ON TV Worfcinf Girl, Mm, 10.30pm, ant gifts and tours Vienna SBC 5 and Berlin after World War I. This 1988 comedy has hit But his predictions of the rise our screens before, but it P leas bears another watching. Me- P os elite, and his lanie Griffith as623 words
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