The Business Times, 17 October 1992
1992-10-17
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The Business Times
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Title Section18 1992-10-17 1 Business Times THE B USISESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, October 17-18 1992 75*18 words
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NEWS & MARKETS SUMMARY
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57 1992-10-17 1 WASHINGTON The US trade deficit climbed to US$9 billion (5514.4 billion) in August, the biggest gap in two years, the Commerce Department announced yesterday. The US$l.7 billion jump from July's US$7.2B billion deficit was due to the 6.1 per cent drop in57 words
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42 1992-10-17 1 successor for Kanemaru TOKYO The most influential faction in Japan's ruling Liberal Democratic Party (LDP) failed yesterday to choose a successor for former chief Shin Kanemaru, who resigned following a cash-for-fa-vours scandal, politicians said.42 words
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Article32 1992-10-17 1 WALL STREET stocks were lower yesterday morning, faced with a new round of adverse economic news. The Dow 30 fell 9.46 points to 3,165.22 in the first hour of trading.32 words
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Article29 1992-10-17 1 LONDON share prices soared yesterday after the Bank of England indicated it would cut interest rates. The FT-SE 100 was up 40.2 points at 2,586.8 around midday.29 words
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Article37 1992-10-17 1 CHINESE Premier Li Peng has hit out at Chris Patten in a clear signal that the governor faces- a rough ride when he presents sweeping democracy plans to Beijing next week. Page 237 words
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Article37 1992-10-17 1 A KEPPEL-led consortium edged out Sembawang Shipyard in the bidding for stateowned PNOC Dockyard and Engineering Corp. It bid for 668 million pesos, 218 million pesos more than Sembawang's 450 million pesos. Page 337 words
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Article28 1992-10-17 1 AMERICA'S key allies abroad have established close ties with Democratic candidate Bill Ginton and see little to fear if he wins the election. Page 728 words
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Article, Illustration29 1992-10-17 1 Friday Chance BT-MGA 637.74 -1.24 Kuala Lumpur ....608.03 +0.67 Tokyo 17,369.81 -258.68 Hongkong „.5,985.33 +71.69 Sydney 1,419.8 -19.2 Tharaday Chaage New York 3,174.68 -20.8 London 2,546.6 -28.129 words
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Article23 1992-10-17 1 Exdwqp rates S$ 1.6050 100 Yen SS 1.3308 MS S$ 0.6412 Mmmjt nark«t rates Overnight 1 1/2 +1/2 3-month 1 3/8 -1/1623 words
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Article32 1992-10-17 1 LondM GoM AM fix US$341.75 USSunch STporcNov... l43.25«/kg -1.00 M'sia Nov 223.5C/kg -0.50 KLTla Turnover 25tonnes -11 Spot MSl4.69/kg -Oil CrMlt pain <1 Turnover 168 lots -162 Nov MS874 /tonne -I32 words
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526 1992-10-17 1 Joseph Rajendran - By Joseph Rajendran SINGAPORE After five failed ventures in the past few years, a venture capital fund owned by the Singapore Technologies group is expected to report its first realised profit of $17 million this year. The fund, Vertex526 words
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289 1992-10-17 1 SINGAPORE Three Singapore shareholders of Creative Technology stand to reap huge capital gains if they sell their stakes. But the trio the Pacven fund, Vertex Investment and the Economic Development Board (EDB) say they are in no hurry to sell. Homegrown Creative, which289 words
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375 1992-10-17 1 Dawn Tan - By Dawn Tan SINGAPORE Colour Touch, the company that was to have bought the troubled Marina Village development, is understood to have debts of more than $40 million. BT has learned that at least IS local and foreign lenders are owed money by375 words
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379 1992-10-17 1 Chuang Peck Ming - The SIA-union wage dispute By Chuang Peck Ming SINGAPORE The Singapore National Employers' Federation has upset unions with its response to the Industrial Arbitration Court's ruling on the Singapore Airlines wage dispute. The SNEF response was yesterday described as "unfortunate" by Ong Teng Cheong,379 words
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294 1992-10-17 1 SINGAPORE THE proposed transformation of the Karimun Islands and Bintan in the Riau Archipelago from sleepy backwaters into centres for heavy industry and resort complexes gathers pace in the next two days with a flurry of signing and groundbreaking ceremonies. At Karimun, Indonesian Mining294 words
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Advertisement174 1992-10-17 1 Nikon TtwWtoM'sPtaMl Photographic Syolam. I COVER I ll OMMONS 1 T Tinrcwi I PURSUITS 9ESHH FINANCE~ The Can the A coffee a day Kite gets a Resting place Easing the billion-$ Democrats could keep the helping hand of the great pain when game W clean the air? headache away from174 words
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Advertisement205 1992-10-17 1 Nikon TtwWbrid'sFlnMt Photographic fyHnv i i i r, I Jf* Of lasting value This watch belongs to the rgk collection of antique watches at Rolex Geneva. watchmakers of Geneva is preserved in the creation of a unique watch: The Rolex Oyster. The case of each Oyster neynpnAlM, cessitates 162 skilful205 words
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Advertisement7 1992-10-17 1 The land thaf-tfme wont forget, CL 97 words
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PAGE 2 NEWS
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Article, Illustration477 1992-10-17 2 China almost sure to reject Patten's sweeping democracy plans Reuter HONGKONG Chinese Premier Li Peng has blasted Hojngkong Governor Chris Patten in a clear signal that the governor faces a rough ride when he presents sweeping democracy plans to Beijing nextReuter - 477 words
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318 1992-10-17 2 Contractors body president says abuses cause cash flow problems SINGAPORE THE Singapore Contractors Association Ltd (Seal) appealed yesterday for more impartial projectcontrol decisions to ease contractors' cash-flow problems. president Kong Mun Kwong said at the organisation's annual dinner that the tefims of most contracts left318 words
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330 1992-10-17 2 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Unions have been urged to seek the inclusion of the proposed Managed Healthcare System in wage pacts. The call was made by NTUC SecretaryGeneral Ong Teng Cheong on Thursday in a speech embargoed until330 words
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295 1992-10-17 2 Colin Tan - By Colin Tan SINGAPORE The total value of properties sold in Johor last year grew 31 per cent to M 52.66 billion (SSI.7 billion), putting the state on a par with Kuala Lumpur for the first time. Sales in Johor accounted for295 words
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334 1992-10-17 2 Fire at Subang airport SINGAPORE Kuala Lumpur's international airport yesterday struggled to cope with the disruption of flight schedules after a fire in the control tower knocked out its radar and communication system on Thursday. All airline flights into and out334 words
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Article, Illustration420 1992-10-17 2 Harish Mehta - Town planner gets USs3oom commitment By Harish Mehta SINGAPORE Singapore architect and town planner Goh Hock Guan and Associates' huge master plan to develop three cities in Vietnam is off to a running start with some US$3OO million (*****.5 million) committed by foreign investors.420 words
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230 1992-10-17 2 Helen Chang - By Helen Chang SINGAPORE Local pharmaceutical company OptoPharm Pte Ltd hopes to make inroads in the Singapore, New Zealand and US markets, where the industry is mostly dominated by multinationals. The company, which opened its new $12 million plant in230 words
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237 1992-10-17 2 SINGAPORE Lower-in-come workers in the metal industry spend less than their take home pay but do not save very much, a survey of members of the industry showed. The Singapore Institute of Labour Studies' survey of 380 members of the Metal Industries Workers'237 words
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Advertisement136 1992-10-17 2 PROPERTY '92 A Special Business Times Survey October 88,1998 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 Times looks at on October 28. We talk to property experts about the market trend136 words
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COMPANY NEWS 1
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490 1992-10-17 3 Al O Labita - Sembawang Shipyard edged out in public bidding for state-owned PDEC From Al O Labita in MANILA A KEPPEL-led consortium yesterday edged out Sembawang Shipyard in the public bidding for the state-owned PNOC Dockyard and Engineering Corp (PDEC). The group bid 668 million pesos (5541.2 million),490 words
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326 1992-10-17 3 SHANGHAI The Shanghai authorities will give "full consideration" to an application by Malaysian joint-ven-ture mattress maker Dreamland Shanghai for a listing on the Shanghai Securities Exchange. The Deputy Mayor of Shanghai, Zhang Hxiao Tian, has given the assurance to Malaysia's Deputy Minister of International326 words
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339 1992-10-17 3 MoizTyebally - RMCA Re, ICS Re suffer huge losses from claims By MoizTyebally SINGAPORE RMCA Reinsurance Ltd and ICS Reinsurance, two companies linked to Insurance Corporation of Singapore, plan to seek a compromise with their creditors. Both companies earlier this year decided to "run339 words
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Article, Illustration361 1992-10-17 3 Dexter Lee - By Dexter Lee SINGAPORE Haw Par Brothers International Ltd has forked out $3.75 million cash this week to expand its aviation and building materials supply businesses. Yesterday, the local conglomerate bought the assets and inventory of Dowty's helicopter maintenance business in Singapore for $2361 words
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616 1992-10-17 3 Genevieve Cua - THE HOCK LOCK SIEW COLUMN By Genevieve Cua SINGAPOJIE Inno-Pacific Holdings' latest circular to its loan stockholders detailing how and when it would repay its heavy borrowings tells a sorry tale of everything gone wrong. That it has to let go of its most616 words
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256 1992-10-17 3 Bernama KUALA LUMPUR Food-based KFC Holdings (M) Bhd has proposed to raise its stakes in four companies for a combined consideration of M 527,293,301 (about S$ 17.5 million) in cash. It said yesterday the proposed purchases, to be financed by borrowings andBernama - 256 words
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327 1992-10-17 3 Bernama KUALA LUMPUR H&R Johnson (Malaysia) Bhd's 1.980 million shares for the bumiputra portion which constitutes 30 per cent of the total shares offered for public subscription has been oversubscribed 15.03 times. For this portion, 26,930 applications for 31.735 million shares were received,Bernama - 327 words
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COMPANY BRIEFS
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117 1992-10-17 3 SINGAPORE Far East Levingston Shipbuilding said yesterday that price disputes did not constitute grounds for rescinding a contract. It issued a statement yesterday in response to press reports that AP Moller's refusal to take delivery of a $177 million rig was due to117 words
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Article63 1992-10-17 3 SINGAPORE Inno-Pacific Holdings will hold a meeting oT\ its loan stock holders on Nov 9 at the Amara Hotel. Shareholders will be asked then to approve the company's general divestment plan and the schedule of payment of the 1992 lo?a, stock. Among the terms is the payment63 words
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Article41 1992-10-17 3 SINGAPORE Keppel Integrated Engineering has appointed KJioo Teng Chye to its board of directors. Lum Chan&" Holdings also announced that Chan Fook Choy, executive' director of subsidiary Lum Chang Building Contractors Pte'; Ltd, resigned from his post on Thursday.41 words
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Article45 1992-10-17 3 SINGAPORE Samta Investment Pte Ltd, a substantial shareholder of Apollo Enterprises Ltd, bought 213,000 ApoUo shares for $362,100 on Oct 14, raising its stake to 14.2 million shares or 20.77 per cent from 13.9 million shares or 20.45 per 4 cent.45 words
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Article62 1992-10-17 3 KUALA LUMPUR Scientex Industries Bhd has received government approval to develop an industrial, housing and commercial centre on 394 hectares of freehold estate land in", Plentong, Johor Baru. It will do this through its 65 per cent subsidiary Quatari (Malaysia) Sdn Bhd. The land is62 words
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Article41 1992-10-17 3 KUALA LUMPUR MWE Optical Holdings Sdn Bhd, a subsidiary of MWE Holdings Bhd, has acquired Harvela Pte Ltd, a dormant company, for Ss2. It said Harvela would be revived to engage in trading of optical products.41 words
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COMPANY BRIEFS
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75 1992-10-17 4 WASHINGTON US regulators on Thursday confirmed news reports that companies would be forced to spell out how much top executives are paid and gave shareholders greater power to challenge the way managers run corporations. The two sets of rules adopted by the Securities75 words
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Article73 1992-10-17 4 NEW YORK Philip Morris Cos Inc reported a 16 per cent Jump in third-quarter profits on Thursday, but its forecast for .slowed tobacco sales spooked Wall Street and drove its stock down. The food and tobacco conglomerate said it earned US$l.29 billion (about Ss2 billion),73 words
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Article, Illustration74 1992-10-17 4 HONGKONG Lord Kadoorie (right), a pillar of Hongkong's business establishment, is to retire as ihairman of the British colony's biggest power company at the age of the company said yesterday. Kadoorie, who was educated Shanghai and Britain, first became chairman of China Light74 words
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Article75 1992-10-17 4 S.ONDON British sportswear concern Pentland Group pic said on Thursday it was calling off the purchase of German Ijjportswear firm Adidas AG after finding surprises in pre-ac-Jfluisition investigations. Pentland announced the £215 million £&580.5 million) acquisition in July in a move hailed as a ajiajor75 words
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Article63 1992-10-17 4 {BERLIN Germany's Treuhand privatisation agency said $n Thursday that South Korean electronics giant Samsung pwas set to take over most of old East Germany's television industry. A statement said the government agency's superviso•|y board had approved the sale of Werk fuer Fernsehelektron!ik GmbH (WF) in63 words
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Article81 1992-10-17 4 PHILIPPINES Two Japanese firms, Myojo Foods and Mitsui and Company, will open a US$l.6 million (552.56 million) manufacturing plant in the Philippines to enter the US$l6O million noodle market, an official said here yesterday. The two Japanese firms, with local food giant Purefoods Corporation, have formed a81 words
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390 1992-10-17 4 Reuter YANGON French oil company Total SA has begun a natural gas venture in Myanmar that could cost US$l billion (about Ssl.6 billion) and involve building a pipeline through rebelinfested jungle along the route of World War ITs "Death Railway". Herve Madeo, Total'sReuter - 390 words
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Article287 1992-10-17 4 Landmark move paves the way for investors to buy China stocks Reuter TAIPEI Taiwan has permitted a local brokerage to set up a subsidiary in Hongkong, making it the island's first brokerage with an officially approved overseas unit, the Securities and Exchange CommissionReuter - 287 words
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413 1992-10-17 4 UPI CUPERTINO Apple Computer Inc, citing strong revenue growth despite industry price wars, on Thursday reported earnings of U5597.6 million (S$ 156.1 million), or 81 cents a share, in its fourth quarter ended Sep 25, up 20 per cent from earnings of US$Bl.2UPI - 413 words
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347 1992-10-17 4 Reuter NEW YORK Korean industrial group Hyundai, an also-ran in personal computers, yesterday unveiled 63 personal computers and related products aimed at the fiercely competitive low end of the US$lOO billion (Ssl6o billion) world market. Hyundai is relying heavilyReuter - 347 words
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Article, Illustration169 1992-10-17 4 Reuter TOKYO The first-ever imports of a Japanese national delicacy have gone down well with the public, the importer said on Thursday. "We've had many favourable calls from ordinary consumers since local media reported our sample imports from the United States," said FujioReuter - 169 words
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251 1992-10-17 4 AFP DARWIN A Chinese factory has been contracted to make an Australian-designed piano (hailed by a concert pianist as a major breakthrough in design) because its inventor was unable to find a manufacturer here. In what could become a multi-million dollar industry,AFP - 251 words
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260 1992-10-17 4 Reuter BOMBAY State-owned Air India may be partly privatised, selling shares to raise money for expansion of its fleet to meet a projected rapid rise in passenger and cargo traffic, Civil Aviation Minister Madhavrao Scindia said. He told a ceremony marking the airline'sReuter - 260 words
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Page 3 Advertisements
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Advertisement270 1992-10-17 3 I IN THE MARKET PAGES" 7 Bangkok turnover hits low 14- Aussie shares continue fall 16 In 1921, an enterprising immigrant from ©Afghanistan, Amir Mohamed Khan, set up the first carpet business in Singapore. The founder of Amir Sons upheld the important values of quality and old-world courtesy. Through the270 words
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Page 4 Advertisements
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Advertisement92 1992-10-17 4 I FOR SUCCESSFUL MANAGEMENT OF YOUB BUSINESS I Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPR,SE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional92 words
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FINANCIAL NEWS
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365 1992-10-17 5 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Troubled Nordbanken will close its merchant banking operations here by June next year. The bank, Sweden's second largest, was hit by defaults on soured real estate loans back home and had to be bailed out by the365 words
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583 1992-10-17 5 Central bank waiting for clearer signals about economy Reuter NEW YORK The Federal Reserve needs more convincing evidence that the economy is in bad shape before cutting rates again, economists say. They said recent comments by Fed chairman Alan Greenspan andReuter - 583 words
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Article, Illustration336 1992-10-17 5 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Swift, the Society for Worldwide Interbank Financial Telecommunications, will add Indonesia to its interbank communication network in March next year, a senior official said. This follows years of negotiations between the network and authorities in Jakarta, as336 words
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300 1992-10-17 5 Reuter NEW YORK J P Morgan Co Inc, America's fifthlargest banking company, said on Thursday that net earnings rose 7.2. per cent to US$4OO million (about Ss64o million) in the third quarter, citing healthy results in several areas, including currency trading. Another money-centreReuter - 300 words
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SMALL CHANGE
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106 1992-10-17 5 HONGKONG Six foreign banks will set up branches in China's southern city of Guangzhou by the end of the year. They include Societe Generale of France, Bangkok Bank Ltd and Japan's Dai-Ichi Kangyo Bank Ltd, mayor Li Ziliu said on Thursday. Mr106 words
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Article81 1992-10-17 5 BEIJING China's first international commodity futures market will open soon in Shanghai, with a satellite link-up to US markets, the official Xinhua news agency said yesterday. The market, Shanghai Renfeng Commodity Futures Corp, will mainly engage in overseas transactions of 13 commodities futures, including soybean, wheat,81 words
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Article, Illustration120 1992-10-17 5 BOSTON The Bank of Boston and Northern Telecom unveiled on Thursday a telephone with a visual display, staking a claim to what many in the industries hope will be the next big technological leap in at-home banking and other transactions. Bank of Boston vice-president120 words
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Article90 1992-10-17 5 TOKYO Many Japanese life insurers, hit by the stock market slump and lower interest rates, are likely to opt to use the Ministry of Finance's (MOF) special exemption from posting appraisal losses on securities for the six months to Sep 30, said Yasuyuki Wakahara, chairman90 words
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Article, Illustration560 1992-10-17 5 DBS Bank weekly currency review US$/Dm: consolidation week The US dollar found little incentive to move higher this week, as it drifted from the previous week's close of 1.4865 marks to close lower each day. A break of support at 1.4500 on Thursday provided some560 words
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334 1992-10-17 5 Reuter WELLINGTON A fiveyear saga involving New Zealand's largest bank, the Bank of New Zealand (BNZ), deteriorated into mudslinging yesterday between some of the principal protagonists. The bank, twice bailed out in the aftermath of the 1987 share crash; is on the verge ofReuter - 334 words
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297 1992-10-17 5 Reuter MEXICO CITY Several Mexican banks are mulling spreading their newly-privat-ised wings and establishing branches in the south-western United States, but analysts foresee a cautious rather than a hurried expansion. Bankers confirmed they are casting an eye north although fewReuter - 297 words
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Advertisement89 1992-10-17 5 This announcement appears as a matter of record only P.T. BUNAS FINANCE INDONESIA US$lB,OOO,OOO SYNDICATED REVOLVING CREDIT FACILITY Arranged by NATIONAL AUSTRALIA MERCHANT BANK (SINGAPORE) LIMITED Participants National Australia Bank Limited, Singapore Branch Banque De Boston, S.A. (The First National Bank of Boston) Compagnie Financidre de CIC et de l'Union89 words
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THE REGION
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NOTE BOOK
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103 1992-10-17 6 BANGKOK Canada's SNC-Lavalin International Group (LIG) has asked the Thai government to revive a contract to build a mass transit project for Bangkok after it was scrapped earher this year, The Bangkok Post and industry sources said yesterday. The US$2.6 billion (554.17 billion)103 words
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Article95 1992-10-17 6 CANBERRA Australian Treasurer John Dawkins said AqpTfalia's economic recovery rate is likely to exceed that of omer developed countries. Mr Dawkins said that as a result of-ithe 1992/93 budget and an earlier economic statement, Australia had received substantial fiscal stimulus. He said that Australia's growth in manufactured95 words
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Article58 1992-10-17 6 MANILA The Philippines' trade deficit rose to US$49B million (*****.8 million) in August compared with US$226 million a year ago because of higher imports of power generators and raw materials before the Christmas holidays, a, government report said. The report attributed the surge in imports of58 words
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Article92 1992-10-17 6 BANGKOK A simmering Thai-Myanmar border dispute tlattd anew yesterday with reports that Myanmar soldiers hpd Abducted more Thai villagers. News reports said several Thai villagers were seized when they crossed the Pai River iito Myanmar to pick up six relatives released by Myanmar authorities after having been92 words
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Article78 1992-10-17 6 MANILA Philippine presidential candidate Miriam Santifcgfc paid U*****,000 (*****,500) to the Supreme Court ytfsftcday to secure a recount of what she claims was a farbdulent poll. The payment was the last tranche of a U*****,000 deposit required by the court to order a receftmt in78 words
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369 1992-10-17 6 Reuter CANBERRA Australia's decision to almost double the size of its F-l 11 strike bomber force has stirred opposition internally and overseas. Indonesian ambassador Sabam Siagian told The Australian newspaper that the purchase could "raise possible scepticism (in Asia) of Australia'sReuter - 369 words
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455 1992-10-17 6 Reuter HONGKONG Europe and Asia remain divided by mutual suspicion and hostility rooted in their colonial past, delegates said at a high-level business summit in Hongkong. The first session of the Europe-East Asia Economic Forum grouping 350 seniorReuter - 455 words
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Article, Illustration261 1992-10-17 6 Reuter WELLINGTON A flurry of indicators this week showed that New Zealand's economic recovery was well under way but, according to an opinion poll published yesterday, Prime Minister Jim Bolger remains deeply unpopular. The National Business Review poll showed that 75 per centReuter - 261 words
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Article87 1992-10-17 6 Reuter MANILA President Fidel Ramos, teased by reporters over a kiss he received from political foe Imelda Marcos, called it "non-political, nonpersonal" yesterday. Mrs Marcos said she kissed the man who helped oust her dictator husband Ferdinand Marcos as a show of reconciliation when he visited LaoagReuter - 87 words
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SHIPS IN PORT
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Article602 1992-10-17 6 tofc*" toy Hi Berth Armal Departoe <*>"» Anfral Departoe MHte Terminal 1 Swissco 16/10* P01A 16.10/0900 16.10/1300 Barton B189 M04 Axpde 1710/2300 Tong Hoe 12/92 P02 1610/1500 1710/0800 Baton top *****2 M03 alongade 1710/0500 Woridpropes 16/10* P01A 16.10/1500 16.10/1700 Briar Mum *****2 M04 alongside 17 10/0500 Bttaro602 words
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Article1765 1992-10-17 6 DELIVERY OF Fa IMPORT CONTAINERS IN PROGRESS 9# Voy No Container? mfaMt SNp Voy No CmUban mMli Equate* Jewe 113N *****2 1050 Ned Balbmor 2447 COO(EST) 15.10.92 2300 Un Morai BS-084 1510 92 1150 Vfcour Mmda 3EB OOO(EST) *****2 1500 Sea Laurel 151S 15 10 92 1200 Kuata1,765 words
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THE WORLD
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Article, Illustration532 1992-10-17 7 maßmi Diplomats forging close ties with Democratic candidate Reuter WASHINGTON America's key allies abroad, reading the writing on the wall for President George Bush, have established close ties with Democratic candidate Bill Clinton and see little to fear if he wins theReuter - 532 words
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376 1992-10-17 7 Reuter WASHINGTON It had been billed in advance as an all-out brawl between US President George Bush and Democratic candidate Bill Clinton over trust and character. But the second presidential debate on Thursday turned out to be a low-key event that focused almostReuter - 376 words
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229 1992-10-17 7 WASHINGTON Dropping its contention that an urgent search for consular records on Governor Bill Clinton was properly handled, the State Department said on Thursday that the effort had violated its own regulations. On Wednesday the department defended the urgency of the search229 words
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WORLD WATCH
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86 1992-10-17 7 TAIPEI Taiwan will ban advertisements for infant, formula to encourage breast-feeding, a health official said on Thursday. Print, television and radio advertisements will be banned from next April, said Chen Shu-kong,! director of the health ministry's Bureau of Food Sanitation. "It gives consumers86 words
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Article67 1992-10-17 7 OTTAWA A "No" vote in the Oct 26 referendum' in. Canada on a package to reform the constitution would pro* long the current market uncertainty and increase the risk of < Quebec separation, which in turn would have costly economic consequences, a group of Canadian economists67 words
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Article, Illustration47 1992-10-17 7 LONDON A policeman inspecting new camera ment installed in west London on Thursday to deter speeding. motorists. Cameras had been put into operation at 21 locations in an effort to cut road traffic accident casualties, speeding offenders sent a fixed penalty fine.47 words
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Article67 1992-10-17 7 ATLANTA A top Justice Department official dismissed a& "hogwash" charges that Washington deliberately misled pra»>, ecutors handling the case of illegal loans to Iraq by'the' Atlanta branch of a major Italian bank. Deputy Attorney- General George Terwilliger 111, questioned after a news ference, also suggested that67 words
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Article84 1992-10-17 7 SEOUL South Korea plans to purchase a small Russian weapons, including MiG-29 fighter jets, to get iIMM mation about rival North Korea's weapons system, political officials said yesterday. In a report to the National Assembly on Thursday, the Defence Ministry said the plan is not84 words
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Article65 1992-10-17 7 LONDON The Commonwealth is to send a team Of observers to South Africa today as its contribution to th<!international effort to stop the violence there, Commoowealth Secretary-General Chief Emeka Anyaoku said m statement here on Thursday. The 18-strong team, from-a*: range of Commonwealth countries, includes65 words
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Article, Illustration430 1992-10-17 7 AFP BIRMINGHAM German Chancellor Helmut Kohl and British Prime Minister John Major agreed on Thursday to reject notions of a two-speed Europe and press ahead for a union with all 12 EC members. The two leaders, whose countries becameAFP - 430 words
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318 1992-10-17 7 John Helmer - Govt hopes rescheduling accord will bridge US$ 13b gap From John Helmer in Moscow THE Russian government meets its creditors in Paris on Monday quietly confident that the US$l3 billion (5520.8 billion) gap between its debt obligations next year and its capacity to pay318 words
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241 1992-10-17 7 Reuter UNITED NATIONS A United States senator called on Thursday for an expanded audit of United Nations accounts for the two-year period 1990-1991 to probe serious deficiencies and abuses revealed in the current audit. "This audit should also take intoReuter - 241 words
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343 1992-10-17 7 Reuter BOMBAY India should liberalise access for foreign airlines to help bring in more tourists and boost one of its biggest potential foreign currency earners, the managing director of Singapore Airlines said yesterday. Cheong Choong Kong said there were insufficientReuter - 343 words
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359 1992-10-17 7 Reuter WASHINGTON A World Bank study has found that one-third of the projects the organisation has financed have not lived up to expectations, but a senior official cautioned on Thursday against reading too much into the figure. "This report is written forReuter - 359 words
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Advertisement293 1992-10-17 8 QROUND BREAKINQ CEREMONY OF THE KARIMUN INDUSTRIAL COMPLEX 17 OCTOBER 1992 Officiated By: Brig-Qen (Res) Lee Hsien Loong Ir Drs Qinandjar Kartasasmita Deputy Prime Minister Minister of Mining Energy Minister for Trade Industry Republic of Indonesia Republic of Singapore Mr Lim Boon Heng Ir Tunky Ariwibowo Senior Minister of State293 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3712 1992-10-17 9 S N Vasuki - Investors hope for bullish budget proposals in Malaysia By S N Vasuki THE SINGAPORE stockmarket ended the week on a sedate note with the benchmark Straits Times Industrials Index closing 3.47 points down at 1,334.12, while UOB's OTC Index closed 3.46 points higher at3,712 words
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Article, Illustration76 1992-10-17 9 Paul Leo - By I Paul Leo AMALGAMATED Steel Mills Bhd broke out of its weekly bearish trendline, indicating a bullish run in the medium term. Daily and weekly stochastks are near 100, which indicates an overbought situation. However, the weekly and daily RSIs are neutral, TTie stock is likely to76 words
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Article3217 1992-10-17 10 Semb Ship Wt 210 +12 +6.1% SIA 1290 +10 0.8% OlIB Foreign 476 +8 +1.7% K Kellas 25p 122 +7 +6.1% Cerebos 25* 332 +6 +1.8% Cold Slore 50* 260 +6 +2.4% First Capital 229 +6 +2.7% BAT 2I« 620 +5 +0.8% Semb Shipyard 7053,217 words
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Advertisement182 1992-10-17 10 YOU VERY OWN HASSLE-FREE SiISHmBBHSSa 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 l|| of Singapore Clob International are important to you and your business, then SPH subscribe to this182 words
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Article3470 1992-10-17 11 UM Corpn 330 +49 +17.4% George Kent 50» 230 +17 8.0% SPK-Sentosa 95 +9% +11.1% Dunlop Est 354 +8 +2.3% MISC Foreign 488 +8 +1.7% GILUSS0.10 112 +4 +3.7% Amal Steel 50» 181 +6 +3.4% Dunlop Est CULS 326 +6 +19% H Leong Credit 2743,470 words
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Advertisement296 1992-10-17 11 Someone dose has been Iving Your son in Canada is studying forsomeyeara. overseas. You've given up ■ffUJV And you W/int him tetters. HRfl warn mm Hie straits limes ■KH close to home Weekly te*s It better -with news (He might from home. comeback after reading aU the good news.) To296 words
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BT SHARE INFORMATION SERVICE
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Article233 1992-10-17 12 ft at A Vm* IU| M,| ,,,1vVWpMj Will 191T vrOMp IWl INI MrnHlgS WvlS ami to praM/tos (L) ptr tkarv dhrkhmd COM) (c*nts) i Sum Darby Oct 13 Jun 92 M$335,500(M$310.300) 22 6(19.9) 36u(31) S«w Spore Oct 13 Jun 92 142.327(133.426) 4 7(46) 14(14) PQ. Oct 12 Jun233 words
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Article139 1992-10-17 12 Oct 11 Malaysia lining Corp (MMC) has begun discussions on a pint-venture project with IJM Corp and Impsa to produce component parts for hydraulic cranes. Oct 9 United Industrial Corp Ltd (LUC) has dissolved two dormant subsidiaries in the UK: UIC Properties Ltd, effective Dec 3 last year;139 words
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Article942 1992-10-17 12 Current Ex Books Date Total far Total far payment date dose payaWe the year last year MOB 50c 35%<b) Sep 10 Sep 24 Oct 23 35% 35% Betford 50c 1% Nov 2 Nov 16 Dec 7 2% BMT $10 100% Nov 12 Nov 24 Nov 26 140 9%942 words
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Article382 1992-10-17 12 Company Rights Issue Golden Hope Owtof s« *<. MSI 50 per shaft b<Jate Aug 27 Books dose Sep 10 Acceptance 1 Payment Oct 22 IMS One tor one MS5 00 per share Exdate Sep 7 Books dose Sep 21 Acceptance Payment Not 2 0C8C One tor five fe382 words
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Article167 1992-10-17 12 CUB Packaging Singapore Ltd: EGM at the Hibiscus Room, Tower Wing, Shangn-La Hotel, 22 Orange Grove Road, Singapore 1025, on Wednesday, October 21, at 12.00 noon Centrepont Properties Ltd: AGM at Level 2, Alexandra Point, 438 Alexandra Road. Singapore 0511, on Thursday, October 22, at 10.00 am Hem167 words
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Article273 1992-10-17 12 Conversion Special Trdg Scripteas Coo version deadline Period T radius Company starts (IDP) (ST) starts Alex HWrs Sep 28 Oct 22 Oct 12 Oct 22 Oct 23 Boo vests Nov 9 Dec 3 Nov 23 Dec 3 Dec 4 Cerebos Oct 16 Nov 12 Nov 2 Nov 12273 words
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Article326 1992-10-17 12 ff—) Date Ymt Grwp prt-tax Ptet earnings Grass mm to pram/loss (L) par start dMdtwd COM) (rants) Tongkah Oct 12 Jun 92 li$4,811l(M$2.551l) Aral Steel Sep 30 Jun 92 M$134.025(M$143,495) 164(13) 12(10) Aatah Sep 30 Jun 92 M$25.132(M$37,468) 64(11.9) 6TE(6) BMtord Sep 30 Jon 92 M$40,092t(l«25.500) 3 2t(2326 words
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358 1992-10-17 12 la local cmt In S$ la US$ *<y %yr *yr %<y jr Oct IS Index chgt chgc chge chgt chge chge Worid 374.7 0.0 -8.2 -0.2 -9.0 0.1 -8.1 *EAFE 440.5 -0.1 -12.3 0.1 -12.3 0.4 -11.5 Europe 392.1 -0.9 -4.7 -0.7 -7.3 -0.4 -6.4358 words
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Article223 1992-10-17 12 C>mp—y Date Mart-year 6tm» pretax teterta mm to praRt/loss (L) dWdend (*000) Uniphone Tel Oct 15 Jut 92 W15.292(««l 1,018) Cheung Kong Oct 13 Jun 92 HM2,896d(HK$2.296d) 40(34) Innovcst Oct 13 Jun 92 MS14.475L(««102) Causeway In* Oct 13 Jun 92 $602($784) Dairy Farm Oct 12 Jun 92 US$82223 words
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Article, Illustration592 1992-10-17 12 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100CHARTS BY BRIDGE - 592 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5453 1992-10-17 13 Bernama THE LOCAL share market closed on a steadier note yesterday, aided by unyielding buying interest on situational and lower-priced issues. Support on component stocks in the afternoon levered the benchmark KLSE Composite Index from the day's low of 606.30 to 608.05, upBernama - 5,453 words
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CHINA STOCK EXCHANGES
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Article, Illustration431 1992-10-17 14 CLSA THE LAST trading day of the week in Shanghai was dull. The A market had a turnover of less than 570,000 shares with the CLSA A Index closing at 4,537.07, less than 0.3 per cent higher than Thursday's closing. The Shanghai B marketCLSA - 431 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration940 1992-10-17 14 Reuter JAKARTA stocks closed mixed in quiet half-day trade yesterday and brokers said profit-taking might depress the market next week. "There isn't much to say about the stock exchange today. It is very quiet with only a few large transactions," a broker said.Reuter - 940 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2131 1992-10-17 14 Reuter STOCKS closed mixed yesterday with gainers almost equalling losers and the index almost unchanged, brokers said. The SET Index lost 0.08 point to close at 871.58 on turnover of 4.72 billion baht, the thinnest in seven weeks. There were 100 advances, 10[1Reuter; Source: Bridge Info - 2,131 words
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Page 14 Advertisements
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Advertisement49 1992-10-17 14 lUUfiyiUillllllfUlltfAlll I I 111 I I 111 II H I I 111 A Bill out III! I I 1 111 1 II I I I I Investment and Finance. II I I I Ift Ift I ■II I I I A M Every Saturday in BIiiiiiAJLUJUULUIUMAAII Business Times 4 <49 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2571 1992-10-17 15 Reuter STOC KS ended lower on fu-tures-linked sales with investors inactive ahead of the weekend and earnings results announcements beginning next week, brokers said yesterday. News that a US movie maker in which Pioneer has invested missed one interest payment hit Pioneer shares and dampenedReuter - 2,571 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2669 1992-10-17 15 Reuter STOCKS closed firmer yesterday but off the day's highs as an afternoon bout of prof-it-taking pulled the Hang Seng Index back below the 6,000 resistance level. "This was the sixth consecutive day's rise, so it's not surprising the market attracted some profit-taking,Reuter - 2,669 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2057 1992-10-17 16 THE SYDNEY sharemarket finished a dismal week yesterday with the fifth straight fall for a loss for the period of 46 points, brokers said. At the close of trading, the All Ordinaries Index was down 19.2 points for the day to 1,419.8. Big lossesSource: Bridge Info - 2,057 words
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REGIONAL STOCK MARKETS
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NZ shares edge lower on light turnover
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Article52 1992-10-17 16 INDICES TURNOVER Claw Oct 16 Pw*t—1 NEW ZEALAND NZSE-40 Capital •MUM a 1,373.95 1.377.87 -3.92 MANILA Composite Index Turnover (mil pesos) 1.371.II 233.9 1.368.34 292.9 +2.77 -59 TAIPEI Weighted Price Index Turnover (NTS billion) 3.707.18 18.8 3.729.02 23.4 -21.84 -4.6 SEOUL Composite Stock Index Turnover (billion won) 518.91 unav 521.8552 words
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Article259 1992-10-17 16 THE NEW ZEALAND share market ended marginally lower yesterday after another low-volume day, with Lion Nathan being the main mover. The NZSE-40 Capital Index ended 3.92 points down at 1,373.95 points. Volume was worth NZ$lB million. Lion Nathan, a star performer over most of this year, ended 11259 words
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Article515 1992-10-17 16 THE SHARE market staged a late rally yesterday, wiping out losses recorded at the start of trade as buyers positioned themselves for next week's activity. The Manila Stock Exchange Composite Index Armed 2.77 points to close at 1,371.11. "It started slow but gathered strength towards the close, resulting in515 words
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Article100 1992-10-17 16 SHARE prices fell broadly for the fourth consecutive day on Thursday in sluggish trade with most investors keeping to the sidelines, brokers said. "There's nothing to push the market," Rajesh Maniar of Mukesh Champaklal Babu said. He said market players were waiting for big investment institutions to begin aggressive100 words
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Article848 1992-10-17 16 A SELL-OFF of large-capitalisation shares and profit-taking in low price/earnings-ratio counters pushed the stock market down at the end of a day of narrow fluctuations, brokers said yesterday. They said selective buying in stocks with good earnings potentials continued. Financial shares gained momentum, aided by unfounded rumours that an848 words
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Article470 1992-10-17 16 TAIWAN stocks finished lower yesterday but financials were up on moderate buying in three state-run commercial banks, brokers said. The Weighted Index closed 21.84 points lower at 3,707.18. Turnover was NT$lB.B billion against Thursday's NT523.4 billion. Brokers said profit-taking from gains on Thursday was heavy but buying in financials470 words
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WORLD STOCK MARKETS
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Dow slips with dim results from Big Blue
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Article, Illustration1330 1992-10-17 17 STOCKS closed mixed in active trading on Thursday as a late wave of comput-er-guided buy programs helped the broader market shake ofT the thirdquarter earnings blues of market leaders IBM and Philip Morris. The Dow Jones Industrial Average, which retreated 5.94 points on Wednesday, slipped another 20.80 points1,330 words
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Article, Illustration858 1992-10-17 17 A DISMAL DAY in the London stock market ended with shares sharply weaker amid deepening gloom about the economy on Thursday, dealers said. The FTSE 30 Index ended 27.7 points lower at 1,850.2. The FTSE 100 Index closed 28.1 points down at 2,546.6 in an overall market volume of858 words
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Article285 1992-10-17 17 GERMAN SHARES ended a rollercoaster session slightly lower on Thursday as a mid-session rally based on hopes of a cut in German interest rates quickly dissipated after the Bundesbank left rates unchanged. The 30-Share DAX Index ended down 4.63 points at 1,453.43. That was above its low of 1,446.52285 words
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Article286 1992-10-17 17 THE COLD REALITY that the Bundesbank did not cut interest rates and Wall Street's drop on the back of disappointing US company earnings helped knock more than one per cent off French share prices on Thursday. Dealers said the Bundesbank's inaction on rates, while widely anticipated, still weighed on286 words
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Article268 1992-10-17 17 ITALIAN STOCKS rallied sharply after a dull start on Thursday, with cement group Italcemcnti surging some 10 per cent and other key blue chips making significant gains. Turnover was heavy. Some 12 million stocks of telecommunication group SIP were traded, with turnover in Pirelli five million, and even Fondiaria,268 words
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Article303 1992-10-17 17 SWISS SHARE prices ended a quiet session lower on Thursday led by chemicals which saw some profit-taking. Dealers said weak sentiment, unchanged from the opening, compounded slightly on news that the Bundesbank left its credit policies unchanged, even though most investors had doubted the German central bank would cut303 words
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Article163 1992-10-17 17 SWEDISH shares closed lower oiv)iigh interest rates, larger-than-expectecf September inflation and weak overseas bourses on Thursday. "The downturn accelerated towards the end ahead of Wall Street's opening after the IBM report," one dealer The Stockholm bourse's All-SJiare Index fell 1.63 per cent to 662.21, <and the Top-16 Index lost163 words
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Article283 1992-10-17 17 TORONTO stocks finished mixed on Thursday with a significant drop in the real estate and construction sector and solid gains in transportation after a lacklustre session, brokers said. "Not much going on but what else is new," one dealer said. The TSE 300 rose 0.75 to 3196.14 on volume283 words
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Article79 1992-10-17 17 INDICES TURNOVER Oct 15 C luw Pmiuus NEW YORK Dow Jones 3.174.68 3.195 48 20.80 S& P 500 409.60 409.37 —0.23 Turnover (million) 213.59 175.90 4 37.69 LONDON Financial Times 30 1.850 2 1,877.9 -27.7 FTSE 100 2.546.6 2,574.7 -28.1 Turnover (million) 474.7 486.5 -11.8 FRANKFURT DAX Index 1.453 4379 words
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Article558 1992-10-17 17 Other markets in Europe, South Africa and Canada Johannesburg Oct 15 Rand INDUSTRIALS A Alpha 2900 200 AECI 580 10 AMIC 5250 125 Abercom 125 Amaprop 630 unch BAZ 1300 Barlows 4375 200 Basil Strk 10 Blyvoor 300 25 CO Smith ***** unch Cnagalo 2175 -25 Curfin 640 10 Edgars558 words
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Page 17 Advertisements
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CURRENCY, MONEY & FUTURES MARKETS
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1163 1992-10-17 18 REPORTS ASIA Tokyo: The US dollar ended higher in Tokyo, but trade was featureless yesterday after the dollar posted gains early during Sydney hours, dealers said. The dollar was supported against the mark on short-covering ahead of the weekend, encouraged by talk of1,163 words
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Article411 1992-10-17 18 cross rates Oct 16 US$ SS MS Dm Yen SFr A$ NZS USS 1.6070 2.5030 1.4630 120.70 0.5896 1.3070 1.3850 1.8450 SS 0.6223 1.5576 0.9104 75.1089 0.3669 0.8133 0.8619 1.1481 MS 0.3995 0.64 0.5845 48.2221 0.2356 0.5222 0.5534 0.7371 Dm 0.6835 1.0984 1.7109 82.50 0.4030 0.8934 0.9467411 words
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Article551 1992-10-17 18 Interbank rates SS' T Bid Offer Overnight I 1/2 1 5/8 1-month I 3/8 I 1/2 2-month I 3/8 I 1/2 3-roonth I 3/8 I 1/2 Overnight mode: 1-7/16 LSS Bid Ofc 7 days 3 1/4 3 3/8 1 month 3 1/4 3 3/8 2 months 3 1/4551 words
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347 1992-10-17 18 Reuter DUBLIN Irish Finance Minister Bertie Ahern says he is determined to keep the punt linked closely to the German mark. In a speech prepared for delivery at the fifth annual conference of the International Federation of Technical Analysts at Dublin Castle,Reuter - 347 words
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Article1507 1992-10-17 18 SIMEX Eimoootum Open High Low Sett Est Vol Act/VoJ Op/lnt Dec 92 96.60 96 62 96.58 96.58 9000 9317 ***** Mar 93 96.56 96.57 96.53 96.55 ***** 9545 ***** Jun 93 96.21 96 21 96.16 96.19 5000 3882 9944 Sep 93 95.77 95.77 95.72 95.74 2500 1747 40741,507 words
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Page 18 Advertisements
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Advertisement7 1992-10-17 18 Advertising Marketing in Business Times every Thursday7 words
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COMMODITIES
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363 1992-10-17 19 But hostilities will help curb diamond smuggling Reuter JOHANNESBURG Political tensions over election results in Angola could set back De Beers Consolidated Mines Ltd's hopes for a government clampdown on diamond smugglers in the short term, said analysts. But they said De Beers,Reuter - 363 words
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279 1992-10-17 19 Reuter ABIDJAN Ivory Coast, the world's biggest cocoa producer, has banned the purchase of small and sub-standard cocoa beans for the new 1992/93 crop season in a bid to cut output and force low world prices up. At a news conference onReuter - 279 words
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762 1992-10-17 19 REPORTS THE tin price on the Kuala Lumpur Tin Market eased 11 sen to close at M$ 14.69 per kg on higher offerings yesterday. Dealers said the higher London Metal Exchange overnight close did not have much impact on local market sentiment. European762 words
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Article1420 1992-10-17 19 Rubber MS CMMMI Rty Exdu nv (hrtw m ctoski as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Nov 92 0.00 0.00 143.25 0 1.100 Dec 143.25 142.75 142.75 2,375 3,500 Jan 93 142.75 141.25 142.50 1,150 4,400 Feb 141.50 140.251,420 words
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Page 19 Advertisements
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Advertisement23 1992-10-17 19 ffMT SURE WHERE 1# PUT YOUR MSNEY? tin ihc anwn in IVnutul In—WH tt Hruiu Horry Sauniay in Huuncw l ima Business Times23 words
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Advertisement1191 1992-10-17 19 BUSINESS TIMES 1 Toll Irao Tel No 737 0043 -Fax No: 734 36Q< LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I.Tiy SooLeog of Dlk 314, Übi Avenue 1, #08-429, Singapore 1440, have applied for a Retail Liquor Shop bcence in respect of premises at M/s Teck Heng Minim art1,191 words
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474 1992-10-17 20 Stocks soar, sterling plunges in response Reuter, UPI LONDON Britain cut interest rates by one percentage point to 8 per cent yesterday, responding to a chorus of demands to boost its recessionbattered economy. With unemployment at a five-year high ofReuter,; UPI - 474 words
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342 1992-10-17 20 PipfpiraL Im&mSSS£mKKHtmi4HEBmSBKESSESt Reuter LOS ANGELES Bill Clinton, worried the economy could remain in recession next year, is considering a recovery plan calling for more spending and expanded tax cuts if he wins next month's US presidential election, a newspaper reported yesterday. The Democratic presidential candidateReuter - 342 words
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376 1992-10-17 20 Catherine Ong - 14th Congress of the Chinese Communist Party From Catherine Ong in BEIJING -COMMUNIST Party offi*«ials will take on a new role •tn state enterprises under "China's economic reforms ■|nd raising "ideological Jawareness" among workers Jrill be "subordinated" to the of the enterprises,376 words
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285 1992-10-17 20 Reuter BEIJING China's Communist Party is set for a major shakeup in its highest decision-making councils, a Beijing-controlled newspaper said yesterday. Eight leaders, including the president and the defence minister, have decided to retire from the 14-member Politburo and the 170-member policy-making Central Committee,Reuter - 285 words
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235 1992-10-17 20 Reuter, NYT TOKYO The government may sack an army officer who urged a coup to clean up Japan's corrupt politics, a foreign ministry spokesman indicated yesterday. "The Defence Agency (ministry) is considering taking appropriate action about this," spokesman Masamichi Hanabusa toldReuter,; NYT - 235 words
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575 1992-10-17 20 Yang Razali Kassim - Exclusion lists, political changes hindering progress By Yang Razali Kassim SINGAPORE Asean is struggling to put together in time a preferential trading scheme that has to be launched on Jan 1 to kick off the 15-year plan for an Asean Free Trade575 words
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110 1992-10-17 20 Reuter MANILA The Philippines b trying to save key talks next week on a South-east Asian free trade zone that Thailand has asked h to postpone, a senior official said. Deputy Trade and Industry Secretary Lilia Bautista said the Philippines had askedReuter - 110 words
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Article, Illustration319 1992-10-17 20 Reuter LONDON British Foreign Secretary Douglas Hurd said yesterday he hoped European Community leaders meeting at a summit would agree to principles showing the EC was not in the business of replacing nations. Mr Hurd dismissed charges that the summit in the English cityReuter - 319 words
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339 1992-10-17 20 Lim Soon Neo - From Lim Soon Neo in HONGKONG SINGAPORE'S Foreign Affairs Minister Wong Kan Seng expressed concern last night that if the Uruguay Round of trade talks failed and the world economic situation deteriorated, it would precipitate an inward-looking disposition in America, the European339 words
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Page 20 Advertisements
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Advertisement209 1992-10-17 20 Every Saturday in Business Times Peat Marwick Management Consultants pte ltd Seminar Banking and Merchant Banking Laws and Regulations in Singapore 26th November 1992 The Pan Pacific Hotel, Singapore KPMG Peat Marwick Management Consultant* Pie Ltd will be holding a one-day seminar on the nuyor provisions in the Banking Act209 words
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Advertisement27 1992-10-17 20 Every Saturday in Business Times Major and Kohl to say no to a two-speed Europe, Pg 7 East and West still divided by suspicion and hostility, Pg627 words
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Executive Lifestyle
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Article, Illustration1303 1992-10-17 21 Nirmal Ghosh - There is probably more money tied up in golf than in any other game in the region. Nirmal Ghosh finds out what drives the golf phenomenon Nirmal Ghosh ITS BIG, a bit green, and certainly a pleasure machine, every golf junkie's dream come true. Think of it,1,303 words
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STRAWS IN THE WIND
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Article38 1992-10-17 21 DICTIONARIES can be pretty direct these days. In one, under the word "con* nive/conniving", the example given is: "She's a conniving *****". Wonder if the at**, thor had been slighted by woman at some time? 138 words
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Article76 1992-10-17 21 LAUNCHING a new car, tht, company manager said he; was aiming for a 70 per cent male-30 per cent female market mix. He explained: "Women nowadays don't go for cars, but for men with cars. Besides, it's the men who think of going to parks and pulling76 words
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Article46 1992-10-17 21 NEXT MONTH a Russian spacecraft will test the feasibility of a plan to launch a ring of 100 orbiting reflectos which could be used to light cities in the Arctic during tl|e winter. One group of scientists, however, are horrifieij at the idea astronomers.46 words
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Article63 1992-10-17 21 OVERHEARD in the kitchr en ware section of a large department store: Promoter: It's made from surgical steel. Shopper: You mean they opl- with this? Promoter: It's only $295. Shopper: You want me to pay $300 for a frying pan? Promoter: But it lasts a lifetime. *i63 words
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OPINIONS
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Article, Illustration801 1992-10-17 22 Nirmal Ghosh - Nirmal Ghosh wonders if the Clinton-Gore team, if victorious next month, would be kinder to the environment Nirmal Ghosh The writer is a BT journalist THE environmental president, George Bush, has in the last 12 months or so tried and sometimes managed to801 words
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584 1992-10-17 22 H Christopher - LETTERS TO THE EDITOR H Christopher 'i.-CAPTAIN Edwin Wong's letter under the heading "States in Straits of Malacca must jointly tackle collision concern" (BT, Oct 10/11) has laid necessary emphasis on the apparent inadequacies of the training given to ships' officers before they are584 words
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Article, Illustration678 1992-10-17 22 Peter E K Ong - Peter E K Ong laments that Singaporeans, in general, are too shy to praise and give credit when it is due Peter E K Ong The writer is a BT sub-editor CAN YOU remember the last time you drove into a petrol678 words
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Article525 1992-10-17 22 Clement G Lopez - Clement G Lopez I CAN understand Jaime Ee's grief in Executive Lifestyle over the "little boy" family life campaign advertisement (BT, Oct 3/4). Well, Jaime, be consoled. This man agrees with the right of a woman to choose between single life, marriage and525 words
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Article269 1992-10-17 22 Chia Shi Teck - Chia Shi Teck MR Lim Boon Heng, Senior Minister of State for Trade and Industry, has made it clear that the recent talk about developing local enterprises should be seen as a "second wing" for Singapore's flight into the next lap. TTie other wing is,269 words
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LIFESTYLE 1
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Article, Illustration1575 1992-10-17 23 Jaime Ee - Singapore's marine-based Sembawang group is taking its first official step towards the industrialising of Karimun today. Jaime Ee looks at this obscure island in the Riau Archipelago Jaime Ee THE trip to Karimun begins with a boat. If you are lucky, you get toPictures by Arthur Lee - 1,575 words
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Article, Illustration1115 1992-10-17 23 SOME men are born farmers. They're the sons of the land, forever destined to tend their crops until the day they die or their cows quit, whichever comes first. They belong to that breed of Man that says: "He who is born of this1,115 words
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Article, Illustration261 1992-10-17 23 GETTING to Karimun by boat takes about three hours because after going through Immigration at Batam, the boat has to backtrack a little towards Singapore before it can get to the jetty at Tanjong Balai. There isn't any direct service to the island until261 words
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Article747 1992-10-17 25 N K Yong - N K Yong mistook a Californian wine for a French N K Yong FRED DAME, Master Sommelier and wine consultant extraordinaire, is an engaging man. A big, full-blooded, highly articulate Californian, he is a great communicator and has one of the best palates I have come across.747 words
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Article, Illustration872 1992-10-17 25 A headache? Try drinking coffee, a new study suggests NYT PEOPLE who consume average amounts of coffee, one to three cups a day, often experience debilitating symptoms of caffeine withdrawal when they are unable to get their brew, a new study has shown. The most common symptoms areNYT - 872 words
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EPICURE
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Article, Illustration571 1992-10-17 24 Quek Swee Peng - Quek Swee Peng can't resist the tiramisu at Orchard Hotel's new Italian restaurant Quek Swee Peng IT COMES as no surprise that Orchard Hotel should set up an Italian restaurant. Next to Chinese food, Italian restaurants are better equipped to hold up against the competition. Louis' Ristorante should be571 words
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PEOPLE
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Article, Illustration102 1992-10-17 25 ABOUT 160 people joined AT&T and NCR as they celebrated the first anniversary of their merger. At the Regent Hotel on September 29, both high-tech companies toasted the success of the US$7.4 billion (S$ 11.88 billion) merger, and looked forward to more joint-development projects,102 words
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Article, Illustration219 1992-10-17 25 SENTOSA will have a second hotel ready by next March. At the topping-out ceremony of Shangri-La's Rasa Sentosa resort on Oct 7, guests were invited to view two of the standard hotel rooms which gave an excellent view of the lagoon and living proof ofPhotos by Chris Loh and Arthur Lee - 219 words
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PURSUITS 1
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Article, Illustration964 1992-10-17 26 Susan Tsang - Susan Tsang strolls through Pere Lachaise, final resting place of the great and famous Susan Tsang IT STARTED as a fairly simple errand just pop into the Pere Lachaise cemetery to pay my respects to Oscar Wilde and Jim Morrison before proceeding to some of Paris'964 words
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799 1992-10-17 26 Jodi Lipson - Shepherded around the sights, Jodi Lipson bemoans the missed opportunities to meet the locals Jodi Lipson MILLIONS of Westerners march the first-class China tourist road each year. The typical tour member is often retired, has no grasp of the Chinese language, and none of the grit799 words
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Article, Illustration863 1992-10-17 26 Nirmal Ghosh - Backs to the wall again The tiger is under renewed pressure, and may need innovative measures to survive, reports Nirmal Ghosh Nirmal Ghosh KNOWN simply as Badhya, he was employed by India's Department of Forests and Wildlife as a tracker in one of the world's most famous tiger reserves, RanthambhorePicture by Nirmal Ghosh - 863 words
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Article, Illustration465 1992-10-17 27 Nirmai Ghosh - Last Chance to See By Douglas Adams and Mark Canvardiae Pan Books, 206 pages, $17.90 Reviewed by Nirmai Ghosh Douglas Adams, author of the hilarious Hitch Hiker's Guide to the Galaxy and its equally sidesplitting sequels, has done it again in this book, with aPicture from the book - 465 words
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Article454 1992-10-17 27 FRESH eruptions of hell awaited us at Denpasar airport, which was a turmoil of crowds and shouting with a sense of incipient violence simmering just beneath the surface. The airline check-in man said that our flight from Bima to Labuan Bajo had not been confirmed by the travel agent454 words
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Article, Illustration445 1992-10-17 27 Ninnal Ghosh - The Road to Omaha By Robert Ludlum Harper Collins 637 pages, $16.80 Reviewed by Ninnal Ghosh IT'S a long way from The Bourne Identity. Robert Ludlum in this new book, which is the son of The Road to Gandolpho, throws all pretence at seriousness to445 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration1394 1992-10-17 28 Paul Leo - How can you ease the financial pain when you fall seriously ill? Paul Leo has the answer Paul Leo AS THE saying goes, health is more important than wealth. Exercising and watching your diet may be a good hedge, but when you do fall ill, seriously1,394 words
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Article, Illustration638 1992-10-17 28 Paul Leo - Paul Leo finds out what lies ahead for the two forgotten currencies Paul Leo THE AUSTRALIAN and New Zealand dollars, once the rage among Singapore investors, may be due for a comeback. The two currencies, which had paid interest rates of 18 perSourer TthTrtc; Source: Westpac Melbourne Institute Centre for Business Cycle Research; Source: TeleTrac; Source: Westpac - 638 words
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Article624 1992-10-17 28 S N Vasuki - STOCK S N Vasuki on why the two are such hot stocks S N Vasuki Malaysianlisted Magnum Corporation and Dunlop Estates have become hot speculative plays ever since they announced a $48 million joint venture lottery operation in Guangdong province in southern China. Investors on624 words
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Article, Illustration82 1992-10-17 28 Quak Hiang Whai - By Quak Hiang Whai MAGNUM had one of the most spectacular runs on Clob this year. The stock rose from about' $2.50 early this year to touch $6' recently. That surge, however, pushed all its indicators very much into the overbought region. Daily and weekly RSI are slightly aboveSOURCE: BRIDGE INFO - 82 words
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Article, Illustration86 1992-10-17 28 Paul Leo - By Paul Leo DUN LOP Estates has been trading within an upward sloping channel of higher lows and higher bottoms since mid-August. The weekly and daily RSI are above 75 which indicates an over-bought situation. The weekly and daily stochastks are near 100 which supports the over-bought view.SOURCE: BRIDGE INFO - 86 words
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Article, Illustration102 1992-10-17 28 Quak Hiang Whai - By Quak Hiang Whai > MULTI-Purpose Holdings Ber- had traded within the band of 75 cents to 85 cents for most of the last two months and looks set to test 85 cents again. The indicators are rather neutral with RSI 1 slightly on the over-bought side. ButSOURCE: BRIDGE INFO - 102 words
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Article, Illustration508 1992-10-17 28 Najeeb Jarhom - OJART By Najeeb Jarhom The writer is research manager of Fraser Securities MORE investors are eagerly trading Malaysian shares while leaving their Singapore investments intact which reflects their confidence of a limited downside risk on the Straits Times Industrials IndexSource: Femer Securities - 508 words
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Article1510 1992-10-17 29 Lim Choon Huat - Lim Choon Huat explains the mechanics of a new instrument on the Malaysian stock market scene Lim Choon Huat The writer is a senior analyst with Arab-Malaysian Securities. This article, which represents the author's personal views, first appeared in MBT Basically, convertibles are debt instruments (bond,1,510 words
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591 1992-10-17 29 Reuter ON A teeth-rattling October day five years ago, Tokyo's Nikkei Stock Average plunged more than 15 per cent in its biggest one-day loss ever to 21,910. Investors today would be overjoyed if the Nikkei were that high. Five years after Black Monday,Reuter - 591 words
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SPORTS
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SIDE LINES
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120 1992-10-17 30 AP PARIS Football's governing body Fifa on Thursday instructed the Spanish Football Federation to investigate a complaint that Napoli have not received the first portion of their transfer fee from Sevilla for Diego Maradona. The Italian club said on Wednesday that theAP - 120 words
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Article115 1992-10-17 30 AFP READING, England Thai ace James Wattana won three frames in a row to rally from behind and beat England's Mick Price in the third round of the Grand Prix here on Thursday. Afterwards, the 22-year-old admitted: "It's getting tougher all the time." Price, the world No 35,AFP - 115 words
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Article107 1992-10-17 30 AFP LAKE BUENA VISTA, Florida An eagle at his first hole launched Lee Janzen on a 10-under-par 62 here on Thursday for a two-shot lead after one round of the US$l million (SSI.6 million) Disney Golf Classic. The sizzling score matched the best this season onAFP - 107 words
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Article93 1992-10-17 30 AFP NEW YORK Unbeaten Julio Cesar Chavez of Mexico promised to find out if American opponent Greg Haugen "snores as loudly as he talks" when the two men face each other in their World Boxing Council light-welterweight clash in Las Vegas on Dec 5. And Champion Chavez,AFP - 93 words
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Article640 1992-10-17 30 BELGRADE Bobby Fischer seemed to sit entranced on Thursday while Boris Spassky built up a winning position in Game 20. Spassky went on to win, reducing Fischer's lead to 7-4 and serving notice that he had not given up the fight for the U553.35640 words
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Article, Illustration455 1992-10-17 30 His second shot pushed Turner's ball 3m away from pin at 13th AP ST ANDREWS, Scotland Tom Kite's job is to get a ball into a hole. This time his ball got him out of one. Dunhill Cup opponent Greg Turner wasAP - 455 words
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577 1992-10-17 30 Reuter MAGNY COURS, France When the start lights turn green for the final round of the 1992 world sportscar championship here on Sunday, they will also signal the last race in a series spanning almost 40 years of motor racingReuter - 577 words
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660 1992-10-17 30 Unwritten laws tell a player how to act AP WASHINGTON Not all the rules of the game are in the book; unwritten rules tell a player how to act. Assumptions that an athlete picks up as he grows up show him howAP - 660 words
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Article1203 1992-10-17 31 CK» Flgfct ETA nigt ETD City FlgM EU FH* JTD ggg isis ssi sus is OfSi ,955 H MMM2 1220 IglSS !?JI SQ228 2025 SQ107 1305 MH641 1315 j j crtoTq SQ109 1405 MH610 1410 MSWmm SQ319 0715 MH609 1450 SQ1 10 1445 BR215 1450 MB381,203 words
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TRAVEL
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Article, Illustration660 1992-10-17 31 Victoria Graham - POSTCARD FROM BAGHDAD By Victoria Graham After the last bombs fell in the Gulf War, experts said the allied blitz had returned Iraq to the "pre-industrial era." But 18 months later, Iraq has much of its infrastructure functioning again, thanks to enforced self-reliance, improvisation, materials660 words
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Article151 1992-10-17 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1549 1.1712 Canadian dollar 1.2744 1.3002 NZ dollar 0.8617 0.8800 Sterling pound 2.7312 2.7495 US dollar 1.6020 1.6120 Local dollars to 100 Baits of foreign cuntocy Austrian schilling 15.52151 words
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Article66 1992-10-17 31 Duration Title Venue Organiser Td Nov 11-22 Geneva Fair Geneva Societe 002/*****83 40ih Ideal Home d'exploitation Exhibition du Salon des Arts Menagers Nov 14-23 India New Delhi. Trade Fair (91)11/*****42 International India Authority of Trade Fair India Duration Title Venue Organiser Td Nov 16-19 Autotech Birmingham Centre66 words
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Article647 1992-10-17 32 Bask 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. Kreta Ayer: 1; 3.30; 7;647 words
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Page 21 Advertisements
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Advertisement198 1992-10-17 21 r i r if/*® fi f-; f-1 3 3 4 3 5 8 8 3 3 4 3 6 8 8 '.iyolE, f I 88-jgjßr ,C»t-* I ■F, M? B B Ii I ilP^ ■B MBgm Si^Pi B a in]ftfe£ IB aty Vb a j"®*. 8 Avubblc fKchuwly SINGAPORE ■■>■!)!198 words
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Advertisement25 1992-10-17 22 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.25 words
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Page 22 Miscellaneous
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Miscellaneous38 1992-10-17 22 DOONESBURY GARRY TRUDEAU ABSOLUTELY SHE'S HOT FOR ME, TOO! II ZZ WEIL, I BETTER. VWRESEEJNS HHSE&NG SHE SAYS SHE MJMTW 'PULLOVER" er&VTHH GET ROLUN'f SOMEONE, SOMEONE! ME FROM TbE-START! MUCH wSA? RAY? AMP SHE'S FROM MY Of&BNG UJASf38 words
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Advertisement800 1992-10-17 24 mdM Nothing Beats A Bud, fftffinfll Iwhere to wine, dine or *7tmc JW Penang High Tea Gome and sample our revamped menu at Princess Terrace. It's extra delicious! Available every Saturday, Sunday and Public Holidays mwr At only $11.80++ per adult and $6.80+ per child, The combined experience of inclusive800 words
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Advertisement301 1992-10-17 24 of legendary Bering cuisine to the satis- ifesS^er- 5 333 Orchard Road. Singapore 0923 T« *****11 W^WSSBB^M Kl— IiOIZMANS! «te icve/6 TpUNQEc) PormuilaHotel I 3Cc*nmnS*i«.*nom>onOei7 I Experience the sheer exuberance and thrill of being a star as you sing it your way right in the heart of town. n. With301 words
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Advertisement190 1992-10-17 25 AND ENTERTAIN iW. 7 I 4#-Jf I^BBRBBhP^SE^^.tMKr' lfc§3 >y 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 reservation*, please call ANA HOTEL 732-1222190 words
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Page 27 Advertisements
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Advertisement111 1992-10-17 27 Your Gift from Aramis 4 V IB V V THE ARAMIS WEATHERBIRD Yours FREE with any Aramis purchase of $60 and above. The ARAMIS WEATHERBIRD umbrella will brighten up your rainy days. With its distinctive light wood-tone duckhead handle and ruby red canopy it 7 s fun and handsome. This111 words
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Page 29 Advertisements
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Advertisement280 1992-10-17 29 Mercedes Benzes, Are they rich, or just show-offs? TN Over 110 Singaporeans paid taxes on $1 million-plus incomes 1 I y L/AtVI AHAO last year. But as the healthy appetite for million-dollar 1 I 11 V| I |H\ properties and exotic cars shows, there are plenty of rich folk J/U280 words
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Advertisement225 1992-10-17 29 K .^k v J f wk. «WWF KV^P It's Quick and Easy. Get instant cash for your shares over the counter at any of our 28 branches. Use the loan for any purpose. Loans from $2,000 to $100,000. MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS! YOU CAN TOO HOMO225 words
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Advertisement137 1992-10-17 30 PICK UPYOUR PtiHHKxMI I W 'mn Y D°STAPLE 1 9Partche* terßoad BktoSnV 520 Blk 34A #01_-342 Inß Btßatok Central Central Blk 86 Wl-670 #B 1-01 Beauty World Ctr clotctuAv^ 7 Blk 1528 #01-384 #01-01 Serangoon North Ave 1 Coronation Plaza Choa 4 Blk 107 #01-353/359 Shopping Complex flUlgßd 01 333/335137 words
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Advertisement10 1992-10-17 30 GENDER BENDERS i j. i. >> GET IT NOW GO OCTOBER10 words
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Page 31 Advertisements
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Advertisement41 1992-10-17 31 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 knew Europe from atari la FtaiM.41 words
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Advertisement7 1992-10-17 31 Advertising Marketing in Business Times every Thursday7 words
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Advertisement29 1992-10-17 31 Who is the best soccer coach in Singapore today? According to Michal Vana, he is The answer. At lunchtime. Today the J NEW. }MV* NEWS. > l l JU NEWSY29 words
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Page 31 Miscellaneous
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Miscellaneous173 1992-10-17 31 improve the picture (7) 28 Piece of land no longer has ,ost consciousness (7) 27 Manner of treating a available (5) 7 Conductor picked out the high-class herb (5) 29 Drunk beer in it, a cock- street (9) tail! (9) 8 Rugby Peer's cold man YESTERDAY'S SOLUTION 30 A handicap173 words
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Miscellaneous169 1992-10-17 31 Singapore Outlook: Showers over a lew areas ia the bite moraing and early afternooa. Report Maximum temperature 32.5 Assoc humidity 63% Minimum temperature 25.9 Assoc humidity 97% Hours of sunshine 9.75 Rainfall in mm nil Rainfall this month. 116.7 Rainy days this month 9 »«i— wono report Asia-Pacific Hi/Lo* Cond.169 words
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Miscellaneous21 1992-10-17 31 He's pgsold to beTnie uweci-S' w Rfce. YOU PS FtfieND OF VuHeH vPO my BRHK HeJST.. y y [riOT^e/NLuy... lftos«Ntas *CQOPt»ar*wce21 words
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Page 32 Miscellaneous
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Miscellaneous2170 1992-10-17 32 TODAY'S TV HTTiWTmB KTTTrTTTITTmH sweat, cheers and exhor- 9.00 Children's PregraaiOM w tations abound as men Pagar Ayu, 4.00pm, SBCS The Light Gourmet: Garden sh s )rt of ,eari "8 ea p h US SiSSJlLi'tv*** lka and Johan are happily 6rM« and YaOows. 12.30p«, tUTtoN* I married, until Johan meets2,170 words
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Miscellaneous622 1992-10-17 32 MOVIES ON TV Waiting For tfco Light, Mm, black-and white film is 10.30pm, SBC 5 heavy-going. Kate (Ten Garr) brings her arT y aM j the Hendersons, two hyperactivechildnrnand SBC S eccentric mother (Shirley MacLaine) to a country town A family runs over Bigfoot to run a diner. The tricky622 words
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