The Business Times, 7 November 1992
1992-11-07
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The Business Times
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Title Section17 1992-11-07 1 Business Times MITA (P) 35/12/91 Weekend Edition, November 7-8 1992 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS
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65 1992-11-07 1 TOKYO The ruling Liberal Democratic Party yesterday threatened to sue, and possibly dismiss, a judge and two prosecutors on behalf of senior politicians embarrassed by allegations that they offered millions of dollars in hush money to a rightist. The backlash against the65 words
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40 1992-11-07 1 MANILA- The United States said yesterday it would oppose attempts by any power to dominate South-east Asia following the end of the Cold War and urged that regional disputes should be settled peacefully.40 words
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Article34 1992-11-07 1 WALL STREET opened almost unchanged yesterday morning despite the release of improved unemployment figures. The Dow Jones Index of leading industrial stocks stood at 3,243.01, down 0.83 after five minutes of trading.34 words
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Article26 1992-11-07 1 LONDON share prices were lower at midday yesterday. At about 1230 GMT, the Financial Times-Stock Exchange 100-share index was down 6.9 points at 2,704.2.26 words
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Article28 1992-11-07 1 LISTED Metro Holdings will be setting up a USSS million joint venture company for a major public housing projcct in Shanghai, China's biggest city Page 328 words
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Article27 1992-11-07 1 A CONSORTIUM of mostly Singapore-based banks are lending US$4O million to Dhana Siam Finance Securities Co Ltd, one of Thailand's leading securities firms. Page 527 words
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Article18 1992-11-07 1 AMERICA and the Philippines reachcd agreement yesterday on allowing port calls by US warships Page 618 words
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Article, Illustration29 1992-11-07 1 Friday Change BT-MGA 673.54 -0.81 Kuala Lumpur ....654.60 5.75 Tokyo 16,869.81 -161.78 Hongkong 6.315.01 -32.76 Sydney 1,423.4 -8.9 Thursday Change New York 3,243.84 +20.80 London 2,711.1 +19.429 words
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Article22 1992-11-07 1 Exchange rates USS SS 1.6295 100 Yen SS 1.3253 MS SS 0.6474 Money market rates Overnight 1-1/2 +5/8 3-month 1-13/16% +1/822 words
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Article37 1992-11-07 1 London Gold AM fix USSS336.70 -US$0.75 ■fc-i-l KliOOvT S'pore Nov 144.50*/kg +0.50 M'sia Nov 222.50Vkg unch KL Tin Turnover 50lonnes +5 Spot MS 14.23/kg -0.12 Crude palm oil Turnover 788 lots +64 Dec MS924 /tonne -337 words
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458 1992-11-07 1 Short-term measures to boost economy, long-term action to cut deficit Reuter WASHINGTON When American President-elect Bill Clinton assumes power in January, he is likely to push through a two-pronged programme that combines shortterm measures to boost the economy, with long-term action to cutReuter - 458 words
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354 1992-11-07 1 FT LONDON US Presidentelect Bill Clinton's promise to crack down on the tax practices of foreign companies has so far failed to cause much consternation in corporate boardrooms overseas. Most are waiting to see how far campaign threats will translate into realitiesFT - 354 words
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545 1992-11-07 1 Genevieve Cua - One-for-lO bonus issue proposed By Genevieve Cua SINGAPORE Singapore Press Holdings Ltd yesterday reported a better-than-expec-ted 21.4 per cent rise in net earnings to $186.68 million for the year ended in August, boosted by strong advertising revenues, lower newsprint prices and better545 words
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327 1992-11-07 1 Compiled by staff from agency reports BRUSSELS The European Community, its fragile unity shattered by the collapse of trade talks with the United States, was holding back yesterday from immediate retaliation against what it called illegal US trade sanctions. After the327 words
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214 1992-11-07 1 SINGAPORE The interest rate on Central Provident Fund savings will be pared to 2.62 per cent from 3.31 per annum on Jan 1 its lowest level in 30 years. The drop would bring the CPF savings rate in line with market rates. The214 words
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Page 1 Advertisements
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Advertisement105 1992-11-07 1 Nikon TlwWMd'sFlnMt Photographic System. The BeijingHK battle continues EL 2 COVER An eye on distant prospects EL 1 Aircraft Schedule El 11 Commodities 17 Company News 3,4 Cryptic Crossword EL 11 Futures Options 16 Interbank Fore* Rates 16 Bangkok/Jakarta Stocks 12 KLSE II Money Changer Rates EL 11 Money Market105 words
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Advertisement11 1992-11-07 1 Clinton to name transition chief soon to settle dispute, Back Page11 words
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Advertisement9 1992-11-07 1 LIFESTYLE Acquiring a taste for the New World ELS9 words
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Advertisement184 1992-11-07 1 PURSUITS Fond memories of Barry Manilow EL 6 Hock Lock Siew: A pity if Inno-Pac's repayment plan gets bogged down by details, Asian economies to grow by 7.1 pc despite world recession, Back Pg t I I I I I I Of lasting value Rra collection of antique watches at184 words
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Advertisement10 1992-11-07 1 PURSUITS The artist who left golden eggs everywhere EL 710 words
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Advertisement18 1992-11-07 1 Nikon Ttwffbrtd'sßnMt Photographic »y»m. FINANCE KL stocks are sizzling el 8 Where the US$ is heading el 918 words
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PAGE 2 NEWS
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Article, Illustration31 1992-11-07 2 Dr Mahathir addressing delegates: k We should never forget what happened in 1987. If it does repeat itself, we may not be able to revive Umno'31 words
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553 1992-11-07 2 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR MALAYSIAN Prime Minister Mahathir Mohamad warned members of his ruling United Malays National Organisation (Umno) party yesterday that intense infighting could destroy the party and threaten the position of Malays as the dominant political force in the553 words
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222 1992-11-07 2 Reuter LONDON Amstrad pic chairman and founder Alan Sugar on Thursday launched a £113 million (SS2B3 million) bid to take the lossmaking British consumer electronics firm private. Mr Sugar, who founded Amstrad in 1968 and built it into one of theReuter - 222 words
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414 1992-11-07 2 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR A SINGAPORE-JAPANESE joipt venture, ACE Daikin, is pulping about $20 million m<sre into Singapore to make in<£istrial and commercial air conditioners for the Asian market. Robert Chua, executive chairman of the joint venture company in Singapore,414 words
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156 1992-11-07 2 KANKEIREN, a powerful business group in the Kansai region, is sending a high-level team to Singapore later this month to explore joint ventures with local businessmen. The 24-member Japanese team, which will visit the Republic on Nov 18 and 19, is keen to establish156 words
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Article64 1992-11-07 2 Corrections clarifications IN BT's Nov 5 report "Boon Heng: wages must not outgrow productivity in long term", Senior Minister of State for Trade and Industry Lim Boon Heng was reported as saying that Hongkong's productivity is double that of Singapore's. The National Productivity Board has pointed out that Mr Lim64 words
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147 1992-11-07 2 SINGAPORE The Director of Medical Services, Dr Kwa Soon Bee, and the president and chief executive officer of Singapore Telecom, Wong Hung Khim, led the honours at last night's investiture of the 1992 National Day awards. The two senior civil servants and about147 words
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706 1992-11-07 2 Salil Tripathi - SM Lee's visit to South Africa From Salil Tripathi in WILDERNESS SOUTH AFRICA must find a solution where one-man-one-vote does not mean win-ner-take-all, because if the winner takes all he may end up with nothing, in Senior Minister Lee Kuan Yew's706 words
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160 1992-11-07 2 SINGAPORE The Singapore Industrial Automation Association should cooperate more with regional counterparts to increase trade, an MP said yesterday. John Chen, who is also chairman of the National Automation Committee, said local firms should work with the association to enter new160 words
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Article, Illustration243 1992-11-07 2 Hong Lee Tiam - By Hong Lee Tiam SINGAPORE More than 100 people showed up for a Colliers Jardine auction yesterday but only one of the seven properties on the block got sold. The auctioneer said this reflected the mixed sentiments of the market. Bidders appeared243 words
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Page 2 Advertisements
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Advertisement112 1992-11-07 2 BUSINESS-TIMES Toll tree Tel No: 737-0043 Fax No: 734 3608 I For A Career That's Simply Tops *Hut. Pre-requblte Must possess great enthusiasm and self-motivation At least 3 years marketing experience, preferably in fastfood industry Numeric and PC skills are essential Good analytical skills Must be a good communicator BENEFITS:112 words
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Advertisement8 1992-11-07 2 The Straits Time* Classified your home-delivered departmental store8 words
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COMPANY NEWS 1
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435 1992-11-07 3 Lee Han Shih - Joint venture will develop 9.6 ha of land for public housing Reports by Lee Han Shih SINGAPORE Listed Metro Holdings, which has been shifting its focus from retailing to property, is embarking on a major property project in China's biggest city, Shanghai. The435 words
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Article, Illustration326 1992-11-07 3 SINGAPORE Metrojaya Bhd, a listed Malaysian retailer which is an associate of the Singapore-listed Metro Holdings, yesterday found itself with a new controlling shareholder. The party is Pan Malaysia Rubber Industries Bhd (PMRI), which yesterday bought 32.67 per cent of Metrojaya's issued shares in326 words
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386 1992-11-07 3 Bernama KUALA LUMPUR Bumiputra Merchant Bankers Bhd (BMB) scored its highest profit level in its 20year history for the year ended March 31, 1992, with a pre-tax profit of M 523.20 million (S$ 15.08 million). Executive director Yap Chee Keong toldBernama - 386 words
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685 1992-11-07 3 William Chia - THE HOCK LOCK SIEW COLUMN By William Chia SINGAPORE Loan stockholders of beleaguered Inno-Pacific Holdings Ltd can hardly be blamed for being confused after receiving several letters on the company's repayment plan this week. The letters were from Coopers685 words
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280 1992-11-07 3 Bernama KUALA LUMPUR Shan-gri-La Hotels (M) Bhd (SHMB) is keen to participate in Perlis Plantations Bhd's Msloo-million (5564.7 million) resort complex at Pantai Dalit in Sabah. SHMB chairman Kuok Khoon Ean said Perlis Plantations, SHMB's parent company, had invited SHMB to participate inBernama - 280 words
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228 1992-11-07 3 Hong Lee Tiam - By Hong Lee Tiam SINGAPORE Listed Jurong Cement Ltd announced a solid set of interim results yesterday, but reported flat earnings due to tax reasons. Boosted by the active construction industry, turnover at group level for the six months ended Sep228 words
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COMPANY BRIEFS
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80 1992-11-07 3 SINGAPORE CMB Packaging Singapore said yesterday** its shareholders had approved a proposal to change its name*' to Carnaudmetalbox Asia Ltd. Meanwhile, CMB has sold itsf' 50 per cent stake in Avery Metal Box Products back to A very** for $50,000. Avery makes and sells pressure-sensitive80 words
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Article39 1992-11-07 3 SINGAPORE Seaview Hotel has taken a 20 per cent staked in Sin-China Investment (HK) Ltd for HK$800,000»i (S$ 168,000). Sin-China, a Hongkong company with invest-»• ments in China, has a paid-up capital of HK$4 million.39 words
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Article82 1992-11-07 3 1 N SINGAPORE Amtek Engineering Ltd has bought another 1 243,450 $1 shares in electronics manufacturer Microlite Eleo-'l trie from Bettini Trading for $173,945. The move raises-] Amtek's stake in Microlite to 21.7 per cent. Amtek has aboE entered into an agreement with Microlite to convert82 words
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Article58 1992-11-07 3 SINGAPORE Guthrie GTS will hold an extraordinary general meeting on Nov 24 to seek shareholders' approval for amendments to the terms of its transferable subscription rights (TSRs) due 1994. The proposed changes include provisions to adjust the subscription rights of the TSRs and t&e58 words
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Article97 1992-11-07 3 SINGAPORE Edaran Otomobil Nasional Bhd (EON) has told the Kuala Lumpur Stock Exchange that negotiations on its acquisition of an interest in United Oriental Assurance Sdn Bhd (UOA) are at an advanced stage. The Proton Saga distributor said it would make an announcement soon97 words
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Article72 1992-11-07 3 KUALA LUMPUR BHLB Pacific Trust Management'' Bhd is preparing to launch two new specialised funds early 1 next year following the success of the recently launch BHLB Pacific Double Growth Fund, chief executive officer Toh Chin Hian said on Thursday. Up to 50 million72 words
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277 1992-11-07 3 SINGAPORE Listed general trading and shipping company Sun Corporation will make leisure and entertainment its core business, with the development of a $40 million recreational park here. In a circular to shareholders yesterday, Sun Corp said its 90 per cent-owned subsidiary, Unicentral Park277 words
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Article206 1992-11-07 3 Bernama KUALA LUMPUR The Pasir Gudang-based Malaysia Shipyard and Engineering Sdn Bhd will soon embark on a Msloo million (5564.7 million) expansion programme to enable its shipyard to cater for bigger shipbuilding orders. MSE said in a statement on Thursday that work on theBernama - 206 words
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364 1992-11-07 4 Reuter LIMA China's Shougang Corp won the bid for stateowned iron company Hierro Peru, edging out a multinational consortium with its offer of US$3ll.B million (about Ss49B million), the head of Hierro Peru's committee on privatisation said. The Chinese mining, steel andReuter - 364 words
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219 1992-11-07 4 AFP NEW DELHI India's largest private-sector firm, the Tata Iron and Steel Co (Tisco), has announced a halving of its profits on improved sales in the first six months of the current fiscal year, sending its stock crashing. Tisco said inAFP - 219 words
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246 1992-11-07 4 NYT NEW YORK America s big chain stores reported further sales gains in October, continuing a trend that began in August, and raising hopes among analysts that, for the first time in four years, retailers will not have a cold Christmas. Still, doubtsNYT - 246 words
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Article, Illustration168 1992-11-07 4 Reuter BANGKOK The State Railway of Thailand said a US$3.2 billion (555.2 billion) elevated railway project has been delayed because the Hongkong firm contracted to build and operate it failed to submit the necessary documents for approval. Hopewell Holdings Ltd, which was grantedReuter - 168 words
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COMPANY BRIEFS
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76 1992-11-07 4 NEW YORK Bernie Cornfeld, the controversial American mutual funds promoter whose empire collapsed more than 20 years ago, is hoping to make a comeback. He joined in a US$5OO million (SsBls million) cash bid yesterday for Hollywood's MGM film studio. The 65-year-old Mr76 words
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Article68 1992-11-07 4 TOKYO Japan's Yamaha Corp, the world's biggest manufacturer of musical instruments, said yesterday its pre-tax earnings almost halved in the six months to September but it raised its profit forecast for the year. The company's earnings plunged 43.7 per cent from a year earlier to68 words
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Article74 1992-11-07 4 TOKYO Japan's top drugmaker Takeda Chemical Industries Co Ltd said yesterday its pre-tax earnings grew 2.9 per cent from a year earlier to a higher-than-expected 36.2 billion yen (Ss47B million) in the first half. The company, the industry leader in antibiotics noted for using film star74 words
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Article59 1992-11-07 4 TOKYO Mitsubishi Motors Corp plans to take stakes in all European distributors of its cars within two or three yeare, a company spokesman said. Mitsubishi, which has stakes in distributors in Denmark, Germany and Sweden, is holding talks to buy stakes in distributors in other European59 words
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Article83 1992-11-07 4 DALLAS Brinker International Inc announced on Thursday an accord with Pac-Am Food Concepts Ltd, based in Hongkong, to operate as many as 35 Chilis grill and bar restaurants in 10 Asian countries during the next 15 years. Pac-Am was formed as a master franchisee for Brinker83 words
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74 1992-11-07 4 HONGKONG Chinese state-run Fujian Enterprises Holdings (FEH) Co Ltd, incorporated in Hongkong, is seeking a listing for its subsidiary in the British colony, the company chairman said. "We are preparing to list our unit CC Toys (HK) Co Ltd in Hongkong's stock exchange," Zhou74 words
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Page 3 Advertisements
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Advertisement323 1992-11-07 3 IN THE MARKET PAGES! Bangkok index falls 12 HK prices close lower 13 BUSINESS TIMES ToM tree Tel No 737 0043 Fax No: 734 3606 INVESTMENT COUNSELLOR NEW ZEALAND HIGH COMMISSION, SINGAPORE Applications are Invited for the position of Investment Counsellor at the New Zealand High Commission, Singapore. The New323 words
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Page 4 Advertisements
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Advertisement898 1992-11-07 4 ANNOUNCEMENT p-GROUP %Chang( r company %Chaig# I 1 Results 1992 1991 ♦or- 1992 1991 orII SS'OOO SS'OOO SS'OOO SS'OOO Turnover 607,422 558,422 8.8 417,686 403,633 3.5 Trading profit 243,057 201,049 20.9 63,077 50,664 24.5 II Depreciation of fixed assets 23,318 23,303 0.1 14,727 16,007 -8 0 |m L Isnare loss898 words
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FINANCIAL NEWS
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238 1992-11-07 5 Dawn Tan - Leading securities firm Dhana Siam to use loan for working capital By Dawn Tan SINGAPORE A consortium of mostly Singaporebased banks are lending US$4O million (Ss64 million) to Dhana Siam Finance Securities Co Ltd, one of the leading securities firms in Thailand's rapidly238 words
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Article, Illustration335 1992-11-07 5 Reuter WASHINGTON The man who has been at the centre of international economic negotiations during the Reagan-Bush years said that he is leaving the government to join First Boston Corp as vice-chairman. Treasury Undersecretary for International Affairs David Mulford said heReuter - 335 words
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233 1992-11-07 5 Reuter LONDON Lloyd's of London said it was delaying for six months the issue of new writs to indebted Names, individuals who back the insurance market. Lloyd's chief executive Peter Middleton said the sixmonth respite would be used to talk to Names andReuter - 233 words
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237 1992-11-07 5 Reuter SYDNEY Shares in Australian banking giant Westpac Banking Corp plunged to a nine-year-low yesterday as disenchanted investors reacted to the bank's decision to slash its final dividend after yet another financial shock. The shares closed at A 52.51 (552.80), 24 cents belowReuter - 237 words
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Article, Illustration546 1992-11-07 5 DBS Bank weekly currency review US$/DM: dollar goes on "bullish'' trend! A break of 1.5500 on Monday saw the dollar rally to a high of 1.5705. The dollar rally received a further boost on expectations of a Clinton victory, trading to a high of 1.5780 on546 words
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304 1992-11-07 5 Reuter BOMBAY Two thousand bank workers marched through Bombay on Thursday demanding punishment for those involved in India's US$l.2 billion (Ss2 billion) securities scandal. Some waved placards and red banners calling for the governor of the Reserve Bank of India (RBI), theReuter - 304 words
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146 1992-11-07 5 UPI NEW DELHI A major Australian-owned bank implicated in India's largest ever financial scandal has bowed to central bank pressure and transferred US$l7B million (Ss2Bs million) from its overseas holdings to cover possible liability in the affair, the bank announced. The money was transferredUPI - 146 words
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SMALL CHANGE
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100 1992-11-07 5 ZURICH French state-owned bank Credit Lyonnais, major creditor of Sasea Holding SA, said its total exposure to the bankrupt Swiss financial group was SI7 million Swiss francs (SSSB9 million). A spokesman for Credit Lyonnais said the banking group's Credit Lyonnais Bank Nederland NV (CLBN) was100 words
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Article111 1992-11-07 5 PARIS The amount of bonds issued by the French state for the first 10 months of the year jumped by 42.3 per cent from the same period last year, to 141.24 billion francs (5542.4 billion), Credit Lyonnais bank announced. CL, secretary of the Issues Committee,111 words
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Article93 1992-11-07 5 ZURICH Swiss Bank Corporation expects its net profit in 1992 to be little changed from last year's record earnings but it should rise again in 1993, chief executive Walter Frehner said. The head of Switzerland's second largest bank told a news conference SBC was working93 words
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Article110 1992-11-07 5 NEW YORK The state Banking Department has approved the Bank of New York's acquisition of 62 branches of Barclays Bank of New York. The Bank of New York Company, Inc is the 1 Sth largest commercial bank holding company in the United States and the state's110 words
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Article90 1992-11-07 5 NEW YORK Citicorp's initial public offering of up to 20 per cent of its student loan unit could raise US$76 million (SS 122 million), Citicorp spokesman John Morris said. He said that would include selling 3.6 million common shares in the unit and the over-allotment of90 words
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353 1992-11-07 5 Reuter STOCKHOLM Swedish financial institutions hailed the government's proposed rescue plan for the banking system, but firms not covered by the package of loans and guarantees complained it was anti-competitive. "It's good. The crisis in the banking sector is so deep and it wasReuter - 353 words
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Page 5 Advertisements
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Advertisement281 1992-11-07 5 BUSINESS TIM E S Toll free 1W No: 737-0043 Fax No: 734-3808 OTP NANYANG mj|! TECHNOLOGICAL UNIVERSITY SCHOOL OP ACCOUNTANCY AND BUSINESS Faculty Appointments in Tax and Auditing The School of Accountancy and Business offers undergraduate degrees in Accountancy and Business, graduate degrees by research, end MBA degrees. Applications are281 words
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THE REGION
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NOTE BOOK
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81 1992-11-07 6 KUALA LUMPUR Foreign investments for projects approved under the Industrial Coordination Act, 1975, between January and September this year topped M 516.9 billion (S$ 10.9 billion) compared with M 512.8 billion during the corresponding period last year, the Dewan Rakyat (parliament) heard yesterday. Ministry81 words
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Article72 1992-11-07 6 BOSTON Charges were dismissed on Thursday against a Malaysian tour leader accused of trying to smuggle illegal immigrants into the United States, but the tour guide and at least 10 other travellers were ordered immediately deported. US Magistrate-Judge Marianne Bowler dismissed all charges against Chee72 words
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Article69 1992-11-07 6 BANGKOK Myanmar's ruling generals have announced a national convention to plan a new constitution, but they will be talking only to themselves, spurned by groups ranged atainst them, exiles and guerillas said yesterday. The military junta announced on official radio on Thursday night the convention would69 words
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Article109 1992-11-07 6 SUVA Fiji's government announced yesterday a U5594.5 nteUion (S$ 153.9 million) deficit for 1993 while warning the Piacific island's public spending must be curbed. In his budget, Finance Minister Paul Manueli cut interest rates immediately ffcm 8 per cent to 6 per cent, to mop up109 words
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Article69 1992-11-07 6 HANOI Chinese Premier Li Peng will make an official visit to Vietnam before the end of the year, Vietnam's Deputy Prime Minister Phan Van Khai said here on Thursday. A Vietnamese source said the visit would take place on Nov 30, one year after the69 words
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Article, Illustration376 1992-11-07 6 New accord aimed at preventing instability in S-E Asia Reuter, AP MANILA The United States and the Philippines reached agreement yesterday on allowing port calls by American warships to guard against instability in Southeast Asia. Neither side said the accord amounted toReuter,; AP - 376 words
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280 1992-11-07 6 JAKARTA President Suharto wants local design and engineering products used in government projects even if they cost more. The Jakarta Post reported on Thursday. "The increased use of domestic design and engineering products is mainly aimed at boosting the nation's designing and280 words
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402 1992-11-07 6 Reuter HANOI Vietnamese officials and foreign businessmen yesterday welcomed Japan's resumption of official aid to Hanoi, saying it suggested an imminent lifting of the US economic embargo against Vietnam. Japan ended a 14-year suspension of aid to Vietnam when theReuter - 402 words
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SHIPS IN PORT
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Article517 1992-11-07 6 Vtnel; fry N» Berth Arrival Departure Vessel Voy No Berth Arrival Departue jurong Port L Jal Bontan 4109EB P06 alongside 07 11/2300 Anftarunaga 4 M/5 alongside 07.11/0600 Laurus 05H P05 atongsde 07.11/0100 1 16 J6 alongside 07.11/2359 Lupng ***** P04 alongside 07.11/1830 Ku* Sak KSI/92 12/3 alongside517 words
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Article1620 1992-11-07 6 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship fry No Containers avafabte Ship Voy Wo Container* a»aiabte Ark Carrier 9228N 05.11.92 0710 Vde Oe Tit 9426E COO(EST) 06.1192 1500 Mart Its 9208 05.11.92 0720 Perkasa 55N COO(EST) 06.11.92 1500 Pentftf Sun 35E 05.11.92 0750 Wealth River 35W COD(EST)1,620 words
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THE WORLD
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411 1992-11-07 7 But analyst says it's not an indication economy is healthy UPI WASHINGTON US companies, tightening their belts in these lean economic times, increased their productivity in the third quarter, the Labour Department said on Thursday good news for corporate management but bad forUPI - 411 words
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Article, Illustration375 1992-11-07 7 Reuter BONN Chancellor Helmut Kohl says Germany's mounting immigration crisis is hurtling the country towards a "national emergency" that may leave the state a helpless giant. Critics decry him as a dithering coward whose failure to tackle the huge political challenges facingReuter - 375 words
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273 1992-11-07 7 UPI TOKYO The developing world's biggest military spenders are collecting more international aid than poor countries that restrain arms expenditures, according to research presented on Thursday by two World Bank economists. The 13 developing countries ranked as the highest military spendersUPI - 273 words
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329 1992-11-07 7 Reuter GUADALAJARA, Mexico Ten years into a sweeping economic reform programme, Mexico still hungers for more success stories like Enrique Salcedo Padilla's. Saddled with a yawning trade deficit caused by a flood of imports chiefly capital and intermediate goodsReuter - 329 words
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226 1992-11-07 7 AP NEW YORK US business failures increased 14.3 per cent in the first nine months of the year and will smash the annual record set in 1991, despite signs of improvement in the economy. Dun and Bradstreet Corp reported on Thursday.AP - 226 words
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285 1992-11-07 7 AFP NEW DELHI Foreign investors have adopted caution as the watchword, waiting for India to take its open-market reforms further before they launch the hundreds of projects put on paper. Leading the investors' pack are the Americans, accounting for US$l92 million (about Ss3o7AFP - 285 words
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284 1992-11-07 7 AFP ABU DHABI The United Arab Emirates (UAE) labour and social affairs ministry is seeking laws restricting the entry of foreign workers, mainly non-Arabs and illiterates, citing growing economic and social problems. The restrictions, if enforced, will affect Asian states asAFP - 284 words
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WORLD WATCH
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107 1992-11-07 7 BRUSSELS France has approved an agreement among Nato nations on setting up more formal links between the alliance and the Western European Union (WEU), a potential rival to the US-led alliance, diplomats said on Thursday. The V agreement sets out the basic rules107 words
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Article105 1992-11-07 7 BONN International Monetary Fund (IMF) managing,' director Michel Camdessus said on Thursday Russia faced a. risk of hyperinflation which could destroy confidence in its economy. Speaking to bankers in Bonn, he expressed doubt i about whether Moscow would be able to fulfil its pledge to u105 words
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Article, Illustration58 1992-11-07 7 MIAMI, Florida Living just a little on the wild side* j Teresa Stokes took a quick walk on the wing of a Grumman Ag Cat on Thursday as she rehearsed her wing-walking routine over Miami. Stokes, a pilot and aviation and spacer artist, will be performing in58 words
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Article60 1992-11-07 7 SEOUL Communist North Korea, accusing the South of! > military aggression by staging war games with the United,States, said yesterday it wanted to delay key detente talks by a, j week. A South Korean spokesman said the North had pr<> posed postponing talks on60 words
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67 1992-11-07 7 DUBLIN Prime Minister Albert Reynolds dissolved the-* Dail, the Lower House of the Irish Parliament, after his government was slapped a no-confidence vote, opening the! road to general elections expected to be held later in Novem- ber. He was defeated by 88-77 votes after the67 words
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367 1992-11-07 7 Move comes after relations with China, India AFP JERUSALEM Israel wants to expand diplomatic relations throughout Asia following the establishment of ties with China and India in January, a foreign ministry spokesman said on Thursday. "We would like to expand ourAFP - 367 words
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Advertisement119 1992-11-07 7 BUSINESS TIMES Toll-free Tel N0:737 0043 Fax No: 734 3698 CAR RENTALS INVESTMENT OPPORTUNITIES An established Car Rental Company owning a large fleet of hire cars with assets worth approximately $7,000,000/- and an annual turnover of between $2,200,000/-to $2,500,000/- is seeking business combination and/or mergers to tap synergy and to119 words
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STOCK EXCHANGE OF SINGAPORE 1
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Article, Illustration3739 1992-11-07 8 Paul Leo - By Paul Leo SPECULATORS, hoping to make quick money, yesterday jumped into Malaysian counters, ignoring local shares, brokers said. The hectic trading in Malaysian counters pushed the UOB-OTC Index up 9.3 points to end the day at 847.78. while the benchmark Straits Times Industrials3,739 words
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Article, Illustration81 1992-11-07 8 Paul Leo - By Paul Leo MALAYAN United Industries rose 30 per cent from its recent low of $1.46 to $1.90. However, a bearish signal has emerged as the stock price and the RSI are showing a divergence. The RSI failed to clear its previous high and is above 75, indicatingSOURCE: BRIDGE INFO - 81 words
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Advertisement193 1992-11-07 8 ■■I Cartier's Scented Men At the recent launch of the Pasha Eau-de-Toilette, famed luxury house Cartier invited several top male j personalities to their Palais Renaissance Boutique for a champagne breakfast. Hosting the breakfast was Mr Willy Pfister, Managing Director of Les Must de Cartier Singapore. These local notables read193 words
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Article3295 1992-11-07 9 m OCBC Foreign 1110 +20 +1.8% 'SPH Foreign 1410 +20 +1.4% jSun Corpn 270 +17 +6.7% iKeppel CWt 344 +16 4.9% •Keppel Corpn 630 15 f 2.4% •Pacific Can 50* 85 +12 +16.4% 'DBS Foreign 1280 +10 +0.8% •ICB 535 +10 +1.9% •Jurong Ship 5C3,295 words
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Advertisement194 1992-11-07 9 V WZr YOUR VERY OWN HASSLE-FREE If news and other pertinent information on companies listed on the Stock Exchange And for subscription fee of omlg $250 per month, you and your company can °f Singapore Clob International are important to you and your business, then SPH subscribe to this specialised194 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5593 1992-11-07 10 Bernama PRICES closed mixed yesterday as the local share market took a breather from the recent bull-run. The K.LSE Composite Index ended at 654.60, down 5.75 points. The benchmark started at an intra-day high of 660.32. The all-share Emas Index shed 0.17 of aBernama - 5,593 words
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CHINA STOCK EXCHANGES
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Article, Illustration407 1992-11-07 11 DOMESTIC and foreignheld shares ended the week with a fizzle yesterday, closing down or virtually unchanged on both the Shanghai and Shenzhen bourses. Class A shares reserved for Chinese citizens saw identical 1.12 per cent losses on the Credit Lyonnais Shanghai A407 words
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JAKARTA STOCK EXCHANGE
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Article, Illustration965 1992-11-07 11 SELECTED bank shares maintained their momentum, with Bank Internasional Indonesia and Bank Bali again dominating a suddenly vigorous market, brokers said. "We expeet the interest sparked by a law letting foreigners buy bank shares to spread soon to other shares," a broker said. 811965 words
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STOCK EXCHANGE OF THAILAND
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Article, Illustration2108 1992-11-07 11 Reuter INVESTORS sold banks, finance and securities shares in yesterday's afternoon session to take profits after the recent strong rises and the stock index was lower at the close, tftpkers said. The SET Index dropped 3.95 points, or 0.41 per cent, t£Reuter; Source: Bridge Info - 2,108 words
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Page 11 Advertisements
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Advertisement50 1992-11-07 11 ■BTrri Mf Il'lB| 1 M I Mill 111 II I I Find out in I I— I IHk I I H Ik I I I| I I I I Personal Investment and Finance. II I I 1 I 1 H 111 II I I 1 A I Every Saturday in50 words
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TOKYO STOCK EXCHANGE
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Article, Illustration2591 1992-11-07 12 Reuter STOCKS ended lower on Thursday, with the Nikkei Average baek below 17,000, as small-lot and some fu-tures-linked sales whittled away prices. Market energy was sapped by the impending weekend, the steady flow of poor corporate earnings, and the slow unpeeling of political scandals,Reuter - 2,591 words
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STOCK EXCHANGE OF HONGKONG
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Article, Illustration2467 1992-11-07 12 Reuter SHARES had a downward correction yesterday after a record-setting run on overseas buying in the past two days that propelled the market briefly to the 6,400 level. The blue-chip Hang Seng Index fell 32.76 points to end at 6,315.01 from Thursday's record closeReuter - 2,467 words
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AUSTRALIAN STOCK EXCHANGE
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Article, Illustration2057 1992-11-07 13 Reuter WESTPAC'S revelations of previously undisclosed tax liabilities overcame positive offshore leads to push the share market lower yesterday. The bank announced on Thursday that it may have to cut its final dividend by half after it uncovered a A$ 115 millionReuter; Source: Bridge Info - 2,057 words
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REGIONAL STOCK MARKETS
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Seoul stocks rise for third consecutive day
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Article51 1992-11-07 13 INDICES TURNOVER Close Plfio® Nor 6 NEW ZEALAND NZSE-40 Capital 1.403.67 1.389.66 14.01 immm Composite Index 1.350.68 1.356.66 -5.98 Turnover (mil pesos) 204.6 235.4 -30.8 TAIPEI Weighted Pncc Index 3.532.61 3.593.41 -60.80 Turnover (NTS billion) 7.5 10.2 -2.7 SEOUL Composite Stock Index 644.94 631.31 13.63 Turnover (billion won) 819.22 771.8351 words
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Article835 1992-11-07 13 STOCKS closed higher for the third day in a row in hectic trade yesterday, although early sharp gains were pared by late selling pressure, brokers said. "Investor sentiment is strong these days because of ample market liquidity and increased customers' deposits with securities houses," Huh Eui-do of Daewoo Securities835 words
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Article500 1992-11-07 13 STOCKS closed lower across the board as investors, lacking confidence in the market yesterday, took profits from Thursday's 2.5 per cent gain, brokers said. The Weighted Index dropped 60.80 points or 1.7 per cent to 3,532.61. Turnover shrank to a thin T57.5 billion from Thursday's T510.2 billion. Thursday's gains500 words
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Article550 1992-11-07 13 SHARE prices closed lower for the second day in a row as buyers hungry for economic growth data retreated further to the sidelines following a higher October inflation report yesterday, brokers said. But an absence of heavy selling pressure could indicate the market may be firm next week, they550 words
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Article393 1992-11-07 13 SHARES ignored the prospects of a world trade war and softness in Australia to end higher. The NZSE-40 Capital Index gained 14.01 points to end at 1,403.67, mostly due to a sharp rise in Carter Holt Harvey, which gained 12 cents to end at NZ52.44 and Fletcher Challenge,393 words
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WORLD STOCK MARKETS
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US stocks rebound from post-election sell-off
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Article453 1992-11-07 14 Nov 5 Close Pntiow NEW YORK Dow Jones 3.243.84 3.223.04 +20.80 SAP 500 418.34 417.11 +1.23 Turnover (million) 219.73 194.4 +25.33 LONDON FTSE 100 2,711.1 2.691.7 +19.4 Turnover (million) unav 503.8 FRANKFURT DAX Index 1.480.93 1.472.69 +8.24 AMSTERDAM EOE Index 276.32 276.06 0.26 PARIS CAC-40 1.804.70 1.804.07 f0.63 ZURICH SPI453 words
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Article, Illustration1340 1992-11-07 14 STOCKS rebounded on Thursday from a post-election sell-off as computerguided buy programs boosted gains fuelled by firmness in bond prices and overseas markets. Trading was quiet but volume was heavy. The Dow Jones Industrial Average, which dropped 29.44 points on Wednesday, recouped 20.80 points to 3,243.84. Among the1,340 words
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Article, Illustration683 1992-11-07 14 ENCOURAGED by the brighter prospects for a US economic recovery following the Clinton victory, share prices at the London Stock Exchange quickly shrugged off early profit-taking and made steady progress throughout Thursday. The Financial Times Stock Exchange 100-Share Index closed at 2711.1, up 19.4 points. The narrower Financial Times683 words
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Article216 1992-11-07 14 THE STOCK market indices gave mixed readings on Thursday, as the DAX Spot Trend Index gained 8.24 points or 0.6 per cent on the day to close at 1,480.93 points. But the Commerzbank indicator was off to 1,652.90 points at the close against 1,656.10 points on Wednesday. Operators attributed216 words
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Article293 1992-11-07 14 SHARES ended mixed on Thursday after losing early and then pulling back up, reacting to results released by Philips and KLM, and overseas influences. The market was hit early by disappointing third quarter results from Philips but perked up later with a rise in the US dollar and a293 words
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Article162 1992-11-07 14 A SATED Paris bourse digested the heavy gains it racked up earlier in the week. Continued interest in stock index futures from some large foreign firms offset the widespread inclination to pocket gains after the market's 3.5 per cent rise on Tuesday and Wednesday. "The market had no reason162 words
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Article417 1992-11-07 14 SHARE prices fell a further 2 per cent on Thursday, after similar losses on Wednesday, on option-inspired selling stemming from the approaching end of the November trading account. The market had already discounted Wednesday's news parliament had given final approval to a decree suspending capital gains tax on share417 words
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Article274 1992-11-07 14 STOCKS finished slightly lower on Thursday after a moderately active trading day with the real estate sector and conglomerates index taking hefty knocks, traders said. "There were a few stocks that got hammered on Thursday," one dealer said. The TSE 300 dipped 5.04 to 3,339.76 on volume of 36.59274 words
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Article269 1992-11-07 14 SHARES ended a moderately active session firmer on Thursday but below the day's high, as late profit-taking set in. Dealers said the firmer US dollar helped the industrial sector, which was led higher by chemicals. The broad SPI Index closed 2.6 points firmer at 1,163.5. The blue-chip SMI Index269 words
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Article242 1992-11-07 14 t SHARES fell in moderate trade on arbi- J trage-linked selling on Thursday despite < both a stronger US dollar, good for Swedish exporters, and higher Europe- J an bourses. The All-share Index slipped 0.83 per cent to 718.92, and the Top-16 Index lost 0.73 per cent. Turnover was242 words
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Page 14 Advertisements
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Advertisement7 1992-11-07 14 Advertising Marketing in Business Times every Thursday7 words
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CURRENCY, MONEY & FUTURES MARKETS
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1214 1992-11-07 15 REPORTS THE US DOLLAR ended marginally firmer on stop-loss buying against the mark in late trading yesterday, but activity was thin ahead of key US jobs data, dealers said. Some speculative dollar-buying against the mark emerged in late afternoon, triggering loss-cut1,214 words
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Article397 1992-11-07 15 Cross rates nov6 USS SS MS Dm Yen SFr A$ NZ$ USS 1.6300 2.5170 1.5800 123.00 0.6515 1.4180 1.4347 1.9011 SS 0.6135 1.5442 0.9693 75.4601 0.3997 0.8699 0.8802 1.1663 MS 0.3973 0.65 0.6277 48.8677 0.2588 0.5634 0.5700 0.7553 Dm 0.6329 1.0316 1.5930 77.85 0.4123 0.8975 0.9081 1.2033397 words
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Article615 1992-11-07 15 Interbank rates ss Bid Offer Overnight 1 1/2 1 5/8 j 1-month I 1/2 I 5/8 2-month 1 11/16 1 13/16 3-month 1 13/16 1 15/16 1 Overnight mode: 1-1/8 LS$ Bid Offer 7 days 3 3/16 3 5/16 1 month 3 3/16 3 5/16 2 months 3615 words
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330 1992-11-07 15 Reuter DUBLIN Finance Minister Bertie Ahern confirmed Ireland will remove its remaining exchange controls by the end of this year. He said in a statement: "We are committed, under existing community agreements, to remove all our remaining exchange controls by the end of thisReuter - 330 words
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Article1456 1992-11-07 15 SIMEX EUWOOOLLM Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96.38 96.39 96.36 96.37 6000 2314 ***** Mar 93 96.40 96.41 96.38 96.39 ***** 4579 ***** Jun 93 95.95 95.96 95.91 95.92 4500 2480 ***** Sep 93 95.48 95.50 95.43 95.45 2300 1431 3379 Dec 931,456 words
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COMMODITIES
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350 1992-11-07 16 Reuter SINGAPORE East Asian gold imports excluding Japan are likely to reach a new high of about 1,000 tonnes in 1992, up from 560 tonnes in 1991, mainly because of demand for luxury items in newly-rich economies, v Market analysts sayReuter - 350 words
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210 1992-11-07 16 Chicago futures exchange only one in US to do this Reuter CHICAGO Members of the Chicago Mercantile Exchange (CME) voted overwhelmingly to retain the exchange's 18-month-old voluntary curb on dual trading. The CME said members voted 1,344 for and 574 against liftingReuter - 210 words
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768 1992-11-07 16 REPORTS TIN PRICE on the Kuala Lumpur Tin Market shed 12 sen to close at M$ 14.23 per kg on higher offerings yesterday. Dealers said the market lacked buying interest, taking its cue from the London Metal Exchange which closed US$2O768 words
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Article1369 1992-11-07 16 Rubber MS C—w—«ty Cxcfc—i |Mws dating as at lpw) WS1 C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 92 145.00 145.00 144.50 1,250 2.500 Jan 93 145.50 144.25 144.75 1,600 4,275 Feb 145.75 144.50 144.75 500 4,750 Mar 146.00 144.50 145.00 325 5,250 Apr/Jun1,369 words
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Page 16 Advertisements
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Advertisement18 1992-11-07 16 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in Business Times.18 words
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Advertisement505 1992-11-07 16 BUSINESS TIMES I Toll free Tel No 737 0043 -Fax No: 734 3608 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Madam Yong Kheow Eng of 627 Balestier Road, Singapore 1232, have applied for a First Class Beer House in respect of premises at M/s Tai Cheong at 627505 words
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500 1992-11-07 17 Britain will be last in EC to ratify the treaty AP LONDON Prime Minister John Major said on Thursday that Britain will hold off ratifying a treaty on closer European union until after Denmark, which rejected the pact, holds a secondAP - 500 words
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359 1992-11-07 17 AFP LONDON Britain will scrap the wage councils set up by Winston Churchill in 1909 to protect the salaries of the lowly paid in a new bid to create "more jobs", British Prime Minister John Major said on Thursday. The councils,AFP - 359 words
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Article, Illustration433 1992-11-07 17 NYT LITTLE ROCK, Arkansas President-elect Bill Clinton may announce his choice of a transition planning chief soon in order to quell a dispute that has broken out among his top advisers about who will oversee the transfer of power from theNYT - 433 words
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316 1992-11-07 17 Catherine Ong - From Catherine Ong in HONGKONG HONGKONG'S economy grew 4.7 per cent in the second quarter of this year, according to preliminary government estimates reteased yesterday. Analysts said the growth was in line with expectations and should put gross domestic product close to316 words
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264 1992-11-07 17 Reuter WASHINGTON The US unemployment rate dipped to 7.4 per cent in October from 7.5 per cent a month earlier, as teenagers and women left the job market and a smattering of new jobs were created, the Labour Department said yesterday.Reuter - 264 words
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Article, Illustration563 1992-11-07 17 Survey shows Asia-Pac drinking water going down the drain through leaky pipes AFP KUALA LUMPUR Leaking pipes are sending precious water down the drains of many Asia-Pacific countries, hurting government programmes to supply quality drinking water to all households. Experts say governments unable orAFP - 563 words
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623 1992-11-07 17 AFP MANILA Economic growth in developing Asian nations is expected to rise to 7.1 percent in 1992 from 5.8 per cent last year as exports thrive despite the stagnant world economy, the Asian Development Bank (ADB) said here yesterday. "AsiaAFP - 623 words
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Page 17 Advertisements
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Advertisement8 1992-11-07 17 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times8 words
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Advertisement9 1992-11-07 17 Productivity in US up in third quarter, Pg 79 words
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Advertisement5 1992-11-07 17 Every Saturday in Business Times5 words
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Executive Lifestyle
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Article, Illustration1395 1992-11-07 18 Nirmal Ghosh - Most Singaporeans tend to see only the disadvantages of working abroad, but such postings can boost one's market value. It all depends on whether there's fire in the belly, reports Nirmal Ghosh Nirmal Ghosh IS THE glass for an overseas Singaporean half empty or halfIllustration by Ben Cruz - 1,395 words
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STRAWS IN THE WIND
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Article45 1992-11-07 18 HOW did Little Rock, Arkansas, celebrate Bill Clinton's victory in the America)) presidential elections? The roar of the crowd echoed through the city as Arkansaife raised their voices in the University of Arkansas R<zorbacks hog call rallying cry: "Woooo! Pig! Sooey!" C45 words
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Article36 1992-11-07 18 A RAPELLING robot stuck in research purgatory in Pittsburgh after its legs snapped during tests. Its descent into the hellish crater 6( an Antarctic volcano for research will be delayed. The robot's name? Dante.36 words
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Article35 1992-11-07 18 SIGN in Parkfield, a California town on the San Andreas fault where the "monstear quake" predicted for California could hit: "Earthquake capital of the world. Be here when it happens." J35 words
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Article31 1992-11-07 18 A BRITISH prison has obviously decided that a little irony would do its inmates good. They've got the prison workshop churning out signs for the local Neighbourhood Watch scheme.31 words
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Article46 1992-11-07 18 AFTER the VW Beetle, the Honda Roach? Ne* Scientist magazine reports that the Japanese car maker Honda wants 100,000 specimens of a species of cockroach that responds exceptionally rapidly to moving objects. Honda researchers want to study them to develop similar capabilities in cars.46 words
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OPINIONS
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Article, Illustration1089 1992-11-07 19 Jackie Sam - Jackie Sam gives an update on the running battle between Beijing and Hongkong Governor Chris Patten over the latter's reform package Jackie Sam The writer is a Hongkong-based political consultant who contributed this article to BT A"NEW" new governor is moving around Hongkong. He grits his teeth1,089 words
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601 1992-11-07 19 Tan Soon Seng - LETTERS TO THE EDITOR Tan Soon Seng Executive Managing Director Aokam Perdana Berhad WE WERE appalled to read the article "Aokam-Golden Plus tie-up: Investors should tread carefully" (BT, Oct 21) by William Chia. In the article, Mr Chia insinuated that an alleged acquisition by601 words
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109 1992-11-07 19 Denis W Distant - Denis W Distant AS IF there is not enough inconvenience transferring existing shareholdings to Central Depository Pte Ltd (CDP) as more companies go scripless, there is a very long wait to get the credit for the certificates lodged. CDP's printed acknowledgement has109 words
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304 1992-11-07 19 Tan Kok Lim - Tan Kok Lim WE CANNOT deny that computers and robotics have contributed to our economic success. However, more should be done so that we can remain competitive. We must increase the use of machines and optimise the efficiency of our labour force. For example,304 words
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Article969 1992-11-07 19 Nirmal Ghosh - Nirmal Ghosh examines the extent to which India's economy has been liberalised Nirmal Ghosh The writer is a BT journalist WORLD Bank chief economist Lawrence Summers, on a recent visit to Singapore, said that history would not remember the early '90s as the period when the Cold969 words
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VIEWPOINT
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Article, Illustration1784 1992-11-07 20 Kenneth James - Poised at the crossroads of a remarkable political life, Malaysia's Musa Hitam traces a tumultuous past and talks about his future. He also suggests to Kenneth James how Singapore and Kuala Lumpur can cement their ties W® CONVERSATIONS I RAFFLES Kenneth James FORMER Malaysian1,784 words
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Article921 1992-11-07 20 MUSA HITAM, Malaysian political leader extraordinaire, states firmly: "Sure, 1 have retired." And almost in the same breath he says: "In the political arena, 1 think I can play a role." Might that role include some link with the top leadership? "It's no secret.921 words
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679 1992-11-07 20 SingaporeMalaysia: the dangers of being strangers THINGS are not always smooth between Singapore and Malaysia. Musa Hitam agrees. But he sees the occasional verbal salvos across the Causeway as "little bubbles bursting here, there and everywhere, irritations". And he notes: "So long as we are neighbours, there will be these679 words
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EPICURE
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Article, Illustration481 1992-11-07 21 Susan Tsang - Susan Tsang samples some of Emmerson's imaginative preparations of its fish Susan Tsang EMMERSON'S, the steak and seafood restaurant in Tanjong Pagar, is tempting diners with a Norwegian Salmon promotion. From now until Nov 14, diners can sample 11 dishes made with freshly flown-in salmon. Tasting portions allowed481 words
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LIFESTYLE
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Article, Illustration1027 1992-11-07 22 Frank J Prial - Frank J Prial discusses the changed preferences of the British wine-drinking public Frank J Prial NYT The British, who have no more than a token wine industry of their own, have long been important arbiters in the European wine market. They practically invented port andNYT - 1,027 words
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609 1992-11-07 22 N K YONG - WINE By N K YONG THERE ARE few people in Burgundy more highly respected or world-renowned as Andre Gagey, who directed the wine-producing company Mason Louis Jadot for 40 years until his official retirement on Oct 1 this year. But retirement for Andre simply609 words
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PEOPLE
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Article, Illustration199 1992-11-07 22 FLEISHMAN-HILLARD Inc chairman and CEO John D Graham was in town recently, and the company threw a party at Aziza's Restaurant in his honour on Oct 1. Some 40 executives and their spouses were at the party. The St Louis, Missouri-based CEO was visiting Singapore199 words
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Article, Illustration141 1992-11-07 22 A TEAM from Putian, a city in China's Fujian Province, was! in Singapore last month to extol its economic attractions t©► local businessmen. The team, led by Putian Mayor Xu Rui, was hosted here by the Vikay group, which is developing; a major industrial estate in thePhotos by Chris Loh and Arthur Lee - 141 words
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PURSUITS 1
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Article, Illustration864 1992-11-07 23 Susan Tsang - Susan Tsang on Unforgiven, which revitalises the Western by mocking its own genre Susan Tsang VT "W T HEN Sher iff Bill Dag- gett ("Little ijg; W W Bill") reads k Y T a lurid acJpunt of how English Bob 5f Jjtgunned Two-Gun864 words
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Article, Illustration588 1992-11-07 23 Jaime Ee - Amityville 1992 offers more than a cheap thrill, says Jaime Ee Jaime Ee JW" IKE it or not, it's I back. Bring out your Jk J fears, pack an extra J»g of ectoplasm, the Wizard <>f EEK! has returned. When you're a successful588 words
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Article, Illustration618 1992-11-07 23 Jaime Ee - Barry Manilow may no longer be in fashion, but for Jaime Ee, his concert in Singapore next week is a chance to rediscover a simpler, more innocent time Jaime Ee, UD ARRY MANILOW??" The young punk at the music store stared at me like I618 words
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Article, Illustration617 1992-11-07 23 Ringo Liew - CD REVIEW By Ringo Liew KEITH RICHARDS: Main Offender FORGET the highly publicised high jinks of the likes of Led Zeppelin, the Sex Pistols or even Guns N Roses. For they would barely qualify as footnotes in the diary of Keith Richards, the617 words
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Article, Illustration772 1992-11-07 24 Nirmal Ghosh - Nirmal Ghosh on an exhibition of the works of Jean Cocteau, one of the most versatile creative geniuses of this century Nirmal Ghosh PARIS 1910. And the beginning of Jean Cocteau. At theatres, at openings, the slim man with the gardenia in his772 words
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Article, Illustration546 1992-11-07 24 Samuel Ee - Samuel Ee drives the Toyota Camry, Japan's answer to the mid-size European makes Samuel Ee RARE is the Japanese car that ventures beyond the two-litre threshold to take on mid-size European makes. In Singapore, Japanese cars usually peak at 2,000 cc, so546 words
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Article, Illustration690 1992-11-07 24 Claire Leow - Claire Leow on My Mother's Wooden Chest, a one-woman play that explores a mother-daughter relationship Claire Leow AT THE RATE Singapore theatre is going, it will be renowned for perfecting the art of female soliloquy. The only character in My Mother's Wooden Chest by The Necessary Stage lives690 words
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PERSONAL FINANCE & INVESTMENT 1
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Article, Illustration971 1992-11-07 25 S N Vasuki - S N Vasuki examines the euphoric mood of the KLSE and reports analysts' views on the prospects of the various sectors S N Vasuki MALAYSIA'S annual Budget presented by Finance Minister Anwar Ibrahim last Friday has unleashed a bullrun on the Kuala Lumpur stock971 words
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Article, Illustration515 1992-11-07 25 Paul Leo - Paul Leo explains when and why warrants should be bought Paul Leo DURING the recent bull run in the local equity market starting from Oct 22 to Nov 4, you would have made a return of 19 per cent if you had boughtSOURCE: BRIDGE INFO - 515 words
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Article, Illustration789 1992-11-07 25 Hajeeb Jarhom - CHART By Hajeeb Jarhom The writer is manager at Fraser Securities HEAVY trading volumes and values have been recognised as a key determinant of strength and durability of market rallies. The few run-ups seen this year could not last because789 words
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993 1992-11-07 26 Neil Behrmann - Where is the greenback headed with Bill Clinton in the White House? Neil Behrmann asks a panel of currency experts for their forecasts Neil Behrmann The writer, a financial journalist based in London, contributed this article to BT HE US presidenI tial993 words
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724 1992-11-07 26 Shoeb Kagda - Shoeb Kagda casts an eye across the Indian Ocean at promising investment prospects Shoeb Kagda WHEN Harshad Mehta, the portly young Bombay stockbroker, was nabbed for orchestrating India's biggest ever financial scandal back in April, international fund managers took the first flight out and724 words
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SPORTS
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Article, Illustration875 1992-11-07 27 Many challengers waiting in the wings NYT By coolly parlaying an audacious defence into a victory, Bobby Fischer defeated Boris Spassky on Thursday and won their exhibition match in Belgrade. It was perhaps a new beginning for the world champion of 20NYT - 875 words
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273 1992-11-07 27 Reuter EARVIN "Magic" Johnson said the reaction of other players to a cut he received in an exhibition game last week played a key role in his decision to retire from professional basketball for a second time. "And that added toReuter - 273 words
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SIDE LINES
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87 1992-11-07 27 Singapore lan Woosnam and Nick Price have signed on for the inaugural Asian Masters tournament scheduled for Feb 24-28 at Phuket. The US$5OO,OOO (S$815,000) invitational tournament will be played over the 7,049-yard Blue Canyon Country Club course and will feature 100 players,87 words
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Article122 1992-11-07 27 KIEL, Germany Rodney and Brett Martin, Brisbane brothers who come from the most talented family in squash, set up their eagerly awaited meeting in the European Open here on Thursday. Brett, the elder, who is the world No 5, comfortably beat the English qualifier Mark122 words
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Article93 1992-11-07 27 MIAMI Yelling "I'm the Macho Man!" in a hotel lobby, three-time world champion boxer Hector Camacho was arrested early on Thursday on charges of fighting wittl two police officers who tried to quiet him. The former WBC super featherweight and lightweight champion appeared intoxicated and93 words
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Article137 1992-11-07 27 ACAPULCO, Mexico A European plan to permit weaker nations to compete in the Olympics despite tougher qualifying rules was challenged by an alternative African proposal on Thursday. Europe has suggested that a small number of wild card entries should be offered to countries unable to meet new137 words
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Article52 1992-11-07 27 ACAPULCO, Mexico South Africa will nominate one of three cities next year to bid for the 2004 Summer Games, the republic's Olympic chief said on Thursday. Sam Ramsamy, head of the South African national Olympic committee, named Johannesburg, Cape Town and Durban as the52 words
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Article952 1992-11-07 27 Eric Wynalda No. 2 scorer in German first division IHT THE BALL arced over the defence, and the first player in all Germany to reach it was the American striker. Eric Wynalda, 6 feet, one inch, tanned, blond, 23, and so brazenly Californian that itIHT - 952 words
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Article, Illustration477 1992-11-07 27 Rivero and Jimenez of Spain closest challengers AFP FRED COUPLES and Davis Love slipped straight into top gear to give favourites the US a two-stroke lead after the first round of the World Cup in Madrid yesterday. The US Masters champion shotAFP - 477 words
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Article, Illustration500 1992-11-07 27 Paris Open AP JIM COURIER, Stefan Edberg and Goran Ivanisevic, the top seeds left in the US$2.l million Paris Open, ended a rash of upsets with straight-set victories on Thursday to advance to the quarter-finals. Courier, the top seed, fought ofT 13 aces fromAP - 500 words
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THE TRAVEL PAGE
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Article, Illustration770 1992-11-07 28 Chris Hedges - POSTCARD FROM CAIRO By i Chris Hedges PERCHED behind a green wooden donkey cart, Hanafi Mohammed al-Gahsh nightly transforms a tiny patch of Cairo into a kingdom. With his imagination, sidewalks become rolling shorelines and the gritty potholed street, the sea. With his hands770 words
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Article151 1992-11-07 28 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1314 1.1473 Canadian dollar 1.2913 1.3175 NZ dollar 0.8480 0.8652 Sterling pound 2.4938 2.5445 US dollar 1.6250 1.6330 Local dollars to 100 units of foreign currency Austrian schilling 14.51151 words
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Article83 1992-11-07 28 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Jan 3. International Spain Intcmacional Nov 26- Dakar Dakar. Centre Interna- 221/*****2 j Trade Fair De Valencia <*c7 S™* KM International Exhibitions, (fa*) acncgal Teddington TWI1 Dec 7 Video Conference The Royal Tama Starley. 071-*****14 gLQ Systems83 words
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TIME OFF
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Article164 1992-11-07 29 Singapore Symphony Orchestra Conducted by Choo Hoey and featuring Seow Yit Kin on the piano. The programme features Mozart's Piano Concerto No 21 in C Major, K 467 and Mahler's Symphony No 9 in D Major. Venue: Victoria Concert Hall. Nov 13 14. 8.15pm. Shell Lunchtime Programme The Singapore164 words
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Article, Illustration373 1992-11-07 29 The Russian Hermitage Museum collection On display are exclusive paintings from the Hermitage Museum collection in the form of replications by such artists as Cezanne, van Gogh, Pissarro, Monet and Bonnard. Venue: The Art Gallery, United Square, Thomson Road. 10.30 am to 7.30pm. Until Wednesday. The Art of Nyoman373 words
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Article640 1992-11-07 29 Alien 3. Sigourney Weaver continues to battle an alien which has become less of a stranger third time round. 10am today at Yangtze 1. Yishun 10: 11.35pm and 11.55pm. Midnight tonight at Raja. Commonwealth. Savoy 2 and Marina 1. Sunday: 10.30 am. spm at Raja: 9am. 5.30pm at Commonwealth:640 words
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Page 18 Advertisements
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Advertisement18 1992-11-07 18 31 3 4 1 "> 1 4 y S 31 5 8 8 8 ti 8 8 your see18 words
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Page 19 Advertisements
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Advertisement27 1992-11-07 19 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. NOVEMBER 199227 words
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Page 19 Miscellaneous
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Miscellaneous26 1992-11-07 19 POONESBURY GARRY TRUDEAU MAN/ THAT ru. GOfVR CHNGeRHOM uhq m.n Ilj _m_,. l 1 fOßsaets si/, mml a/ntgonna gfc, oaw *gSSST^ ON A TZAR... 0 °026 words
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Page 21 Advertisements
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Advertisement1005 1992-11-07 21 Nothing Beafs A Bud. Bfflnfll where to wine, dine OF I ml Oiir French Buffet is certainly a feast MjSMnot only for the eyes. The Escargot W Au Champignons, Coq Au Vin, Gateau St. Honore and other favourV tes satisfy even the most discerning of tastes. CVf 111 O® Mifhett1,005 words
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Page 22 Advertisements
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Advertisement261 1992-11-07 22 Club 1 Barbecue Buffet ||||q Eat as much as you can Bin yiuS every Friday Saturday iBiJ [nWI P at the Poolside Tee-Off Cafe U|| UN IN J 1 between 6.30pm to lo.oopm IWUI V N Adult 13.50 Child $7.50 AuH||\J For reservations, please call Tee-Off Cafe JEjdl I pL261 words
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Page 25 Advertisements
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Advertisement64 1992-11-07 25 I-P only my boss would 1 any Job. Any Career. to Available Any Day. m iF Any Time. Anywhere. 1 The Straits Times The Sunday Times Business Times /ffiP I rpV A The New Paper Lianhe Zaobao lianhe wanbao H J —y f Shin Min Daily News Berita Harian Berita64 words
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Page 26 Advertisements
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Advertisement227 1992-11-07 26 3m I I It's Quick and Easy. Get instant H K 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 MONO LEONG FINANCE LTD227 words
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Article1292 1992-11-07 28 Flight ETA Fttgbt ETD Aba DbaM GA970 GA976 0010 0025 Adeiaide 2015 RJ187 0130 Amsterdam SQ319 KL837 0810 1515 KL838 SQ342 0040 2300 riMnirtinil NZ21 SQ286 1700 2045 NZ22 1825 Sort Bogawan B1421 SQ181 BM29 1105 1425 2030 SQ182 BI422 8(430 0930 1205 2125 fftngtit 11,292 words
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Page 28 Advertisements
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Advertisement41 1992-11-07 28 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 atari to Finnish.41 words
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Advertisement7 1992-11-07 28 Advertising Marketing in Business Times every Thursday7 words
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Advertisement49 1992-11-07 28 gagFf fl*^« r *&vir iM Hi ~Wr a I I I I^ll| I9J WMM wV M »?i^S3-*wiy^Kr il^j^ in Two Malaysians, described as amateur rneee* desperados, three plots, a wallet, a sensational picture...these formed the ingredients of the bizarre murder of heart surgeon Victor Chang. Klwly Details in today.49 words
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Page 28 Miscellaneous
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Miscellaneous182 1992-11-07 28 out when it is finished (8) vl a island by worker wan- Dowl nICSS fX>tX <S) 7 Marine hanger-on (8) YESTERDAY'S SOLUTION 14 Redhead, a divorcee gets I Against study on revolu- her man? (3) I InlqMtlulnI I Isl lUI tionary art (6) 16 I do remove slide having lempMnMrmrlßaßlhlbnl182 words
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Miscellaneous166 1992-11-07 28 Singapore Outlook: Showers oyer many areas in the early hours and pre-dawn. Report: Maximum temperature 32.0 Assoc humidity 62% Minimum temperature 23.2 Assoc humidity 100% Hours of sunshine 3.95 Rainfall in mm 74.2 Rainfall this month 125.7 Rainy days this month 5 World report Asia-Pacific Hi/Lo* Cond. Auckland 19/15 Cloudy166 words
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Miscellaneous28 1992-11-07 28 I \*D L\<€- SLEJS-P MWK i I UJC<Y LONIG HRUL JOURNEY feooo I WvID Pv %E.T Of 6PiRPuK»S) VjTC» TMe, SON? v ASSOCIATED NEWSPAPERS LTD.. IM2-IM2 08O» &>cL-28 words
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Page 29 Miscellaneous
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Miscellaneous1563 1992-11-07 29 TODAY'S TV off-beat 12.00 NNNews(M). Sesaat Dalam Pelukan, The Adventurers, 1.30pm, r K 1215 PW Kelah Remaja Angka3.45pm, SBC 5 SBC 5 H.'Irf,,.Go jet-skiing with Jeff "The j' M Varia Seni (M). about a modern-day Romeo Fish" Fischetti, BL 240 Drama PiHhan (M). and Juliet. Andi and Erna cut by1,563 words
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Miscellaneous642 1992-11-07 29 MOVIES ON TV Maktub: The Law of The Love and Curses... add All Desert 10.30pm, SBC 5 That Jazz, Tues, 10.30pm, In Part Two of this three- SBC 5 parter, the little prince finds Delta Burke and Gerald life in grandad's desert king- McRaney are two doctors dom a little642 words
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