The Business Times, 21 November 1992

Microfilm: NL18511
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    17 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Weekend Edition, November 21-22 1992 75*
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  • NEWS& MARKETS
    • Article
      G-7 summit to be held in Tokyo next July 7-9
      62 1 TOKYO Leaders of the seven major industrialised nations will meet here next July 7-9 for their annual summit, government spokesman Koichi Kato announced yesterday. The so-called Group of Seven nations the United States, France, Germany, Canada, Britain and Italy decided
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    • Article
      East Timorese guerilla chief arrested
      55 1 JAKARTA The Indonesian military yesterday arrested the supreme leader of the East Timorese Fretilin pro-indepen-dence movement, Xanana Gusmao, the official Antara news agency said. The Fretilin guerillas have been waging an increasingly futile rebellion against the Indonesian military for 17 years. Diplomats estimate there are
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    • Article
      Dow higher
      20 1 WALL STREET opened higher yesterday. The Dow Jones rose 9.7 points to 3,219.23 after five minutes of trading.
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    • Article
      Footsie lower
      24 1 LONDON shares were slightly lower in directionless trading early yesterday. At midday, the FT-SE 100 shares was down 3.6 points at 2,702.6.
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    • Article
      Lee on democracy
      38 1 WESTERN-style democracy is a worthwhile but flawed idea. Democracy, as it is understood in the developed world, has no universal validity, said Senior Minister Lee Kuan Yew at a forum in Tokyo yesterday. Page 2
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    • Article
      Times Pub profit falls
      33 1 TIMES Publishing yesterday released a lacklustre set of results. Net earnings for the year ended Aug 31, 1992, were down by almost a third to $24.17 million Page 3
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    • Article
      Bank loans up 9.1pc
      22 1 TOTAL bank loans in Singapore rose 9.1 per cent to $68 billion in the third quarter. Page 5
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 667.65 -2.43 Kuala Lumpur ....642.60 +5.21 Tokyo 17.033.60 +162.29 Hongkong 5,878.18 +22.77 Sydney 1,410.1 +17.3 Thursday Change New York 3.209.53 +2.16 London 2,706.2 2.2
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    • Article
      CURRENCIES
      24 1 Exchange rates USS s$ 1.6330 100 Yen SS 1.3217 MS S$ 0.6470 Money market rates Overnight 1 3/4 -1/8 3-month 2 3/16 +1/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix US$335.55 US$1.95 Rubber S'porc Dec 144.75Vkg -0.75 M'sia Dec 223.50*/kg unch KL Tin Turnover 17tonnes -18 Spot M$14.12 /kg +0.05 Crude palm oil Turnover 590 lots -474 Dec M$955 /tonne -4
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  • Article, Illustration
    Price war fills up seats on S'pore-London route
    503 1  -  But promotional packages are eating deeply into airlines margins By Lee Han Shih, Hong Lee Tiam SINGAPORE A fierce price war on the popular Sin-gapore-London route has filled up almost all the available seats but has pared airlines' margins to the bone.
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  • Article
    Thai govt taking further steps to restore market confidence
    358 1  -  From Loh Hui Yin in BANGKOK MORE rescue measures are being taken by the Thai government to bolster confidence in the stock market, which went on a roller-coast-er ride yesterday, trading in a band of about 80 points. The central bank
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  • Article, Illustration
    Motor bug bites
    356 1  -  Report and picture Arthur Lee SINGAPORE Motor traders are having a field day filling their order books thanks to the release of more COEs, the traditional yearend rush, and the sales-boost-ing motor show now on at the International Merchandise Mart. Teo Hock Seng, chairman of the Singapore
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  • Article
    Lock icon Gatt talks poised for a breakthrough
    535 1 EC expects imminent deal with US Reuter WASHINGTON The United States and the European Community appeared on the brink of a deal on farm trade late last night with EC Farm Commissioner Ray MacSharry saying a deal could be reached "within minutes". Mr MacSharry
    Reuter  -  535 words
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      Page 1 Advertisements Column 1
      147 1 Nikon ThsWbrfd'sFlnsst Photographic System. COVER opinions VIEWPOINT 1 REVIEWS FINANCE, Art dealers Political Prof Chris Tan A League of F''Forbidden Banking on are heading succession: who on the science Their Own, |,a IBp > cities; LAN elB East w take over? challenge Iron Maze, J measuring Eurodollar eli el 3
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      Page 1 Advertisements Column 2
      164 1 %Hock Lock Siew: Minority shareholders have rights too, Pg 3 Of lasting value collection of antique watches at watchmakers of Geneva is preserved in the creation of a unicessitates 162 skilful operations ways to make a watch but Rolex Bonbonniere-shaped watch of the French uii/ Empire period (1810-1820). Both movement
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      Page 1 Advertisements Column 3
      23 1 Nikon TTwWbrtd'sFlnMt PtWographfc Syrtwn. China's return to Gatt will benefit HK, Taiwan, Pg 6 Successful deal no panacea for trade problems, Pg 8
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  • PAGE 2 NEWS
    • Article
      Western-style democracy a flawed idea, says Lee
      813 2  -  A mistake if Japan were to follow missionary zeal of US By Yang Razali Kassim SINGAPORE Westernstyle democracy is a worthwhile but flawed idea, said Senior Minister Lee Kuan Yew. It is neither universal, perfect nor permanently secure, he added. And democracy and
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    • Article
      Lock icon Ramos says no to authoritarian quick fix
      317 2 But he agrees with Lee that Manila needs greater discipline in politics Reuter MANILA Philippine President Fidel Ramos, in an apparent reply to Singapore statesman Lee Kuan Yew, yesterday defended Philippine democracy against the temptation of an authoritarian quick fix to its problems.
      Reuter  -  317 words
    • Article, Illustration
      Pang faces contempt application by banks
      456 2  -  The Colour Touch case By Dawn Tan SINGAPORE Colour Touch chairman Pang Kim Soon, who was in court on Thursday to answer conspiracy charges brought by the Commercial Affairs Department (CAD), was back in court again yesterday, this time to face a contempt application
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    • Article, Illustration
      HDB speeds up its shop-sale programme by four years
      519 2  -  By Colin Tan SINGAPORE The Housing and Development Board said yesterday it would shorten its shop-sale programme to six years and sell 2,000 shops a year instead of 1,200. The revised plans the original sale period was 10 years are bound
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    • Article
      Malaysia seeing slowdown in computer industry
      335 2  -  From Joseph Rajendran THE growth of the Malaysian computer industry has slowed, says the chairman of the! Association of the Computer Industry Malaysia, Toh Kim Chye. The industry would finish 1992 with local sales of about M 511.79 billion (Ssl.2 billioit), or 15 per
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    • Article
      Goodyear to pump US$120m into Asia over next 5 years
      344 2  -  By Shoeb Kagda SINGAPORE US tyre giant! Goodyear will pump US$l2O million (SSI96 million) into its Asian operations in tjhe next five years to grab a bigger share of the region's fasti-growing tyre market. The company will spend US$4O million
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    • Article, Illustration
      Lock icon Attracting investors to Inner Mongolia
      125 2 SINGAPORE In traditional glory, dancers from Inner Mongolia yesterday entertained guests at a cocktail reception organised by the China Inner Mongolia Autonomous Delegation and Nison Industrial Commercial Pte Ltd. The Inner Mongolian delegation was here to attract foreign investments to that region. It was particularly
      Photo by Chris Loh  -  125 words
    • SINGAPORE ROUNDUP
      • Article
        Tax agreement with PNG
        40 2 SINGAPORE has ratified an agreement for the avoidancc of double taxation with Papua New Guinea. As Singapore imposes tax on the prcccding year basis, the first year of application will be the Year of Assessment 1994.
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      • Article
        MB Melwani's challenge
        122 2 HIGH fashion retailer MB Melwani Pte Ltd showed its optimism despite the bearish retail market by taking up 1,600 sq ft of prime space in the Paragon Shopping Centre, on Orchard Road. The move puts the company's new Etienne Aigner shop directly opposite the massive Ngee Ann
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      • Article
        Call to Japan to open its doors
        153 2 JAPAN should become the engine of growth for the AsiaPacific region because of slower economic growth in America and Europe, Japanese business leaders were told yesterday. Seek Hong Chee. vice-president of the Singapore Manufacturers' Association, said at a meeting of the SMA and
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      • Article
        Raffles Place office rents fall 20pc
        180 2 RENTS for prime office space in the Raffles Place area fell by about 20 per cent in the third quarter from the second quarter of this year, according to a Richard Ellis report. The report said average monthly rents in the area are now
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  • COMPANY NEWS 1
    • Article, Illustration
      Times Pub earnings fall by almost a third
      418 3  -  Operating profit also down 21pc to $39.2 m By Lilian Ang SINGAPORE Times Publishing yesterday announeed a laeklustre set of results, with net earnings shaved by almost a third to $24.17 million for the vear to Aug 31, 1992. The diversified group
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    • Article
      QAF almost trebles interim earnings
      295 3  -  By Sylvia Wong SINGAPORE Food company QAF Ltd's interim earnings soared to almost three times for the six months ended Sep 30. During this period, it earned $5.45 million, compared with $1.97 million for the same period a year ago. This was achieved on a
      295 words
    • Article
      Lock icon Olympia, Mycom strike another deal to buy Lotteries
      243 3 Bernama KUALA LUMPUR Olympia Industries Bhd and Mycom have re-worked a new deal for the former to buy the entire equity of Lotteries Corp (Sabah) Sdn Bhd from Mycom for Mss2o million (about ***** million). D&C Sakura Merchant Bankers Bhd, on behalf
      Bernama  -  243 words
    • Article
      Summavest doubles interim earnings to $1.35 million
      255 3 SINGAPORE Listed Summa Investments Ltd, which is controlled by the beleaguered Indonesian Soeryadjaya family, has reported improved results for the six months ended Sep 30. Summavest, which released its unaudited interim results yesterday, said that group earnings doubled to sl.3s million from $660,000
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    • Article
      Global slowdown dampens Goodwood Park performance
      336 3  -  By Quak Hiang Whai SINGAPORE Hit by a downturn in bookings and the sluggish stock market. Goodwood Park Hotel Ltd the flagship hotel of tycoon Khoo Teck Puat has unveiled flat earnings for the year to Sep 30. In a statement last night, the
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    • Article
      Minority shareholders have rights too
      662 3  -  THE HOCK LOCK SIEW COLUMN About time Pac Can and Van der Horst disclose their corporate plans By William Chia SINGAPORE Minority shareholders of packaging company Pacific Can Investment Holdings and its marine associate. Van der Horst Ltd, can hardly be blamed for being peeved
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    • COMPANY BRIEFS
      • Article
        Bt Sembawang doubles its mid-term profits
        65 3 SINGAPORE Property-based Bukit Sembawang Estates yesterday announced net earnings of $23.52 million for the half-year ended Sep 30, more than double the previous corresponding period's $8.91 million. The group said the higher profits were due to the sale of its Saraca Gardens project Group
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      • Article
        Income raises stake in Sing Re
        43 3 SINGAPORE NTUC Income Insurance Co-operative Ltd has bought another 1.23 million Singapore Reinsurance Corp shares, bringing the total amount of Singapore Reinsurance shares it owns to 3.33 million, or 6.65 per cent of the •> company's issued capital.
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      • Article
        UOL Equity buys more shares
        45 3 SINGAPORE UOL Equity Investments has bought another 660.000 shares in United Industrial Corp at the price of $0.98 per share. The deal will bring the total number of UIC/ shares the group owns to 85.91 million, or 7.6 per cent.
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      • Article
        DBS Land winds up 5 firms
        62 3 SINGAPORE DBS Land has wound up five of its compa-' nies after it sold off the properties owned by these companies'. In an announcement published in The Straits Times yesterday, DBS Land said it liquidated Swiss Club Park (Pte) Ltd, Cluny Hill (Pte) Ltd,
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      • Article
        Heshe chief quits director post
        44 3 SINGAPORE Quek Leng Chan, the chairman of Heshe Holdings, has resigned as director of the group's subsidiary, Poly-Allied Knitwear (Pte) Ltd. The company, which makes clothing for the garment retailing group, did not give a reason for the resignation.
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      • Article
        Stake in MBf Card Services
        68 3 KUALA LUMPUR MBf Holdings Bhd yesterday said its Hongkong-based wholly-owned subsidiary. MBf Asia Capital < Corp Ltd, is acquiring 3.6 million ordinary Msl shares in MBf Card Services Sdn Bhd for M 532.49 million. MBf Asia signed an agreement with Malaysia Borneo Finance (Austra- lia)
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      • Article
        Kumpulan buys into MSC
        47 3 KUALA LUMPUR Kumpulan Emas Bhd (KEB), the information technology and plantations group, now owns a 28.3 per cent interest in Malaysian Strategic Consultancy Sdn Bhd (MSC). KEB said yesterday it was alloted 850,000 additional shares in MSC at Msl apiece in January 1992.
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    • Article
      Courts makes strong debut on exchange
      199 3 SINGAPORE Furniture retailer Courts (Singapore) Pte Ltd made a surprisingly strong debut on the stock market yesterday after getting only lukewarm response in its initial public offering. Courts was the most active stock of the day, with 13.1 million units traded on the main
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    • COMPANY BRIEFS
      • Article
        Nomura Securities first time in the red
        81 4 TOKYO Japan's long bear market has dragged Nomura Securities Co Ltd's consolidated operations into the red for the first time ever. Nomura yesterday reported a group net loss of 7.5 billion yen (Ss99 million) in the six months to Sep 30 according to
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      • Article
        Burger King pays huge fine
        46 4 WASHINGTON Burger King Corp, the second-biggest US restaurant chain, has agreed to settle charges of violating federal child labour laws by paying a record US$5OO,OOO (S$816,000) fine and agreeing to a system to stem future violations, the government said on Thursday.
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      • Article
        Renault profits zoom ahead
        63 4 PARIS The French automobile manufacturer Renault recorded a sharp hike in pre-tax profits over the first nine months of the year compared with the same period in 1991, the company announced on Thursday. Pre-tax profits rose to 7.51 billion francs (552.32 billion) from 2.9 billion. Total
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      • Article
        Volvo's losses rising
        58 4 STOCKHOLM Swedish vehicle maker AB Volvo on Thursday said a weak world economy and severe price competition hit its earnings in the first nine months of the year, raising its operating losses. The group's operating losses rose to 1.52 billion crowns (Ss3BB million) in January-September 1992 from
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      • Article
        British Rail to slash jobs
        65 4 J LONDON State-owned British Rail (BR) announced on Thursday that it will cut 5,000 jobs over the next four months in response to a sharp drop in revenue brought on by the recession. BR, which employs 138,000 people and is to be privatised, is forecasting
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      • Article
        Smells fishy?
        61 4 LONDON The big price on a fancy bottle of perfume might reflect more than the fragrance, according to officials investigating complaints that sellers have rigged the British < retail market to raise prices. Britain's director-general of fair trading. Sir Bryan Carsberg, said on Thursday the probe will look
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      • Article
        O&Y: No changes agreed
        52 4 TORONTO Olympia York Developments Ltd said it continues to talk with creditors about a restructuring plan but no changes to the plan have yet been agreed. Spokesman Frank Ternan said that O&Y is continuing to work toward a vote of creditors on its restructuring plan later
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      • Article
        Dell's 3rd qtr profits soar
        59 4 DALLAS Dell Computer Corp's profits more than doubled in the third quarter, soaring beyond analysts' expectations, and the company's shares rose on Thursday to a new high at $38,375, up $2,125, in very active over-the-counter trading. Net income was US$2B.6 million (5546.7 million) compared with
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    • Article
      ICI looking into investing in Vietnam
      404 4  -  Chemicals giant interested in minerals and explosives sectors By Genevieve Cua SINGAPORE British chemicals giant ICI, which runs representative offices in Hanoi and Ho Chi Minh City, is looking into the feasibility of investing in the areas of minerals and explosives in the northern
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    • Article, Illustration
      Here's to fizzy days
      35 4 MOSCOW Karl Nigl, Pepsi-Cola Eurasia area vice-president (right), toasting Anatoly Kochetov, the production manager at a Russian Pepsi factory at the presentation of the first locally-produced plastic beverage bottles on Thursday.
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    • Article
      Lock icon 2 more German firms post poor results
      379 4 NYT FRANKFURT BASF AG and Metallgesellschaft AG added their names on Thursday to the list of German industrial companies reporting greatly depressed earnings, and analysts said the outlook was likely to worsen along with the slumping economy. Hans Hartmann. a senior analyst at
      NYT  -  379 words
    • Article
      US healthcare giant to invest up to US$500m in Asia-Pacific
      523 4  -  By Teh Hooi Ling SINGAPORE United States-based healthcare conglomerate Baxter International plans to invest US$3OO million (SS4B9 million) to US$5OO million in the AsiaPacific region over the next seven to eight years. The company will build solutions plants and acquire
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    • Article
      Lock icon AT&T's leasing unit to go public
      418 4 NYT NEW YORK AT&T said on Thursday that it planned to sell 15 per cent of its huge equipment-leasing unit to the public by the second quarter of next year, the first such offering since 1983. AT&T Capital Corp has more than US$7 billion
      NYT  -  418 words
    • Article
      Lock icon NZ shares finally recovering from lows
      363 4 MARKET Reuter WELLINGTON Patches of blue sky are starting to appear in New Zealand's share market after near-con-tinuous dark clouds since the crash of October 1987. The benchmark NZSE-40 Capital Index has lifted 7 per cent from a 13-month low touched a month ago.
      Reuter  -  363 words
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      Page 3 Advertisements Column 1
      294 3 I IN THE MARKET PAGESI Thai stocks end higher 14 Chinese guessing game 15 Prices leap Down Under 16 Here's a break from your busy schedule thai also pays. $1,000 lo be exact. Just solve the BIZ WORDS puzzle found in any 2 days' Business Times this week (the last
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      320 4 When Scientist Hill Tan Kok Kheng BgmjS uj c Mnchmnm lilu IYIUOIUUUIII Canhemakeit? Can Singapore? Biotechnology, which turns the secrets of gene behaviour TH TT to commercial use, holds out the promise of high returns for LJ A high risks. Singapore with its handful of pioneering y vJ I I
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  • FINANCIAL NEWS
    • Article
      Growth in quarterly bank loans stays above 9pc
      438 5  -  Housing loans continue to surge due to property market boom By Soh Tiang Keng SINGAPORE Bank loans in Singapore have maintained near double-digit growth each quarter this year. During the third quarter, total loans surged 9.1 per cent to $68 billion against
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    • Article
      Lock icon Dutch ING's takeover bid for Belgium's BBL collapses
      470 5 Reuter BRUSSELS A planned Dutch takeover bid of Belgium's Banque Bruxelles Lambert (BBL) failed on Thursday, crushing the bank's hopes of becoming part of a European financial powerhouse. Dutch Internationale Nederlanden Groep NV (ING) decided not to honour its original plan of
      Reuter  -  470 words
    • Article, Illustration
      Bearish outlook for US dollar
      577 5 DBS Bank weekly currency review US$/DM: Potential double top pattern After reaching a low of 1.5615 deutschemarks on Nov 13, the US dollar bounced to a high of 1.6085 on Tuesday. Buying interest, however, could not be sustained at higher levels, and the greenback subsequently
      577 words
    • Article
      Lock icon Japanese banks move into China's securities trade
      276 5 Reuter TOKYO Major Japanese banks are entering the securities business in China through Hongkong subsidiaries or affiliates because they think the market has a promising future, banking industry sources said. Sanwa Bank Ltd said its Hongkong subsidiary, Sanwa International Finance Ltd. has obtained
      Reuter  -  276 words
    • Article
      Lock icon Swiss National Bank rejects OECD criticism
      392 5 Reuter ZURICH The Swiss National Bank (SNB) has rejected a charge by the Organisation for Economic Cooperation and Development (OECD) that its monetary policy is flawed and said it would hold to its present course. "The significant fall in inflation confirms that our way
      Reuter  -  392 words
    • SMALL CHANGE
      • Article
        Pierson Securities ties up with Thai brokers
        75 5 BANGKOK Pierson Securities (Asia) Ltd, a merchant bank owned by Bank Mees and Hope NV and Pierson, Heldring and Pierson NV, said on Thursday it has formed a joint venture with Thai Financial Syndicate Ltd (TFS) to produce capital market research for Thai
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      • Article
        S Korea looking into rate cuts
        68 5 SEOUL South Korean Finance Minister Rhee Yong Man said yesterday he would ask the central Bank of Korea (BoK) to consider lowering the discount rate and other major official rates by the end of this year. Mr Rhee told reporters yesterday that interest rate
        68 words
      • Article
        Commodity prices and the A$
        76 5 CANBERRA Australian Treasurer John Dawkins sdid commodity prices were a major factor affecting the level of the Australian dollar. "The dollar has been moving upwards and downwards over the last little period. I am not going to try and put a reason behind those fluctuations,"
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      • Article
        Taipei's forex reserves steady
        61 5 TAIPEI Taiwan's foreign currency reserves, the world's largest, have stopped rising after hitting a record high, of US$B9.5 billion (S$ 145.8 billion) at the end of September, central bank officials said on Thursday. The reserves have now dropped to about US$BB billion, central bank governor Samuel
        61 words
      • Article
        Seoul bank finds funds diverted
        77 5 SEOUL A branch manager of a leading commercial bank who recently committed suicide has been found to have diverted funds totalling more than US$lOO million (S$ 163 million), officials of the bank said on Thursday. Lee Hui Do, 53, head of the Myongdong branch of
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      • Article
        US bank sells distressed assets
        54 5 CHARLOTTE, North Carolina Nationsbank Corp said on Thursday it made a bulk sale of "distressed" real estate assets to an unidentified buyer for an undisclosed amount. Nationsbank said the sale lowers non-performing assets by about US$2OO million (***** million). The assets have a book value
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    • Article
      Lock icon Major French banks cut base lending rate
      209 5 Reuter PARIS Leading French banks trimmed their base lending rate on Thursday, passing on to customers the bulk of a cut last week in official Bank of France rates. With Credit Lyonnais leading the way, the banks said they would shave their base
      Reuter  -  209 words
    • Article, Illustration
      Lock icon Fishy futures for Japanese markets
      655 5 New products on the cards include shrimp, trout, salmon and eggs Rtuter TOKYO Japanese investors may soon be able to speculate in frozen shrimp, trout, salmon, eggs and other exotic products as local commodity exchanges bid for new business. Exchange officials say a plan to
      Rtuter  -  655 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Jakarta plans 19pc hike in military budget
        60 6 JAKARTA Indonesia is planning an 18.8-per-cent increase in its military budget in the fiscal year beginning next April 1, Antara news agency reported yesterday. The military will have four trillion rupiah (Ss3.l billion) at its disposal. The budget was raised because of the
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      • Article
        Manila to raise budget deficit
        57 6 MANILA The Philippine government plans to increase its budget deficit this year to 14.7 billion pesos (SS97O million), according to documents released by the Central Bank (CB) herie yesterday. This increase will put the government over the nine-billion-peso budget deficit ceiling set under negotiations with
        57 words
      • Article
        Graft costs Jakarta 125b rupiah
        53 6 JAKARTA Corruption cost Indonesia at least 125 billion rupiah in the year ending in March, Antara news agency reported yesterday. Attorney General Singgih said on Thursday that his office handled 130 cases involving a loss of 125.4 billion rupiah, of which only 1.78 billion rupiah
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      • Article
        M'sian doctor appeals to Diet
        88 6 TOKYO A Malaysian doctor appealed to a dozen Japanese Diet members on Tuesday, saying that residents around an Asian Rare Earth Sdn Bhd (ARE) factory are still suffering from abandoned radioactive materials. On Wednesday, Dr Jayabalan Thambyappa visited the Tokyo head office of Mitsubishi Kasei
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    • Article
      Lock icon Thais want oils excluded from Afta's fast track list
      287 6 AFP BANGKOK Thailand wants tariff barriers on coconut and palm oil to come down slower than on some other products earmarked for free trading within South-east Asia, a finance ministry official said on Thursday. The Asean Free Trade Association (Afta) members
      AFP  -  287 words
    • Article
      Lock icon China's return to Gatt will benefit HK, Taiwan
      271 6 AFP HONGKONG Chinas readmission to the General Agreement on Tariffs and Trade (Gatt) would benefit Hongkong and Taiwan as much as China as trade and investment flows expanded, economists and brokers here said. They said the move would hasten China's economic reforms,
      AFP  -  271 words
    • Article
      Lock icon Multinationals will stay in Asia despite EC, Nafta, says KL
      329 6 AFP KUALA LUMPUR American and European multi-national corporations (MNCs) are not expected to uproot their operations in South-east Asia despite plans for a North American Free Trade Area (Nafta) and single European market, an official said yesterday. Chua Jui Meng,
      AFP  -  329 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      769 6 Notice GOODWOOD PARK HOTEL LIMITED AND US SUBSIDIARY COMPANIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I AUDITED RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 1992 The Group The Company 1992 1991 Chang* 1992 1991 Changa SSOOO Sl'ooo ssooo ssooo Turnover 118,023 124,762 -5.4 71,868 89,363 -19.6 Investment turnover included
      769 words
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      Page 6 Advertisements Column 2
      660 6 HOTEL MALAYSIA LIMITED AND ITS SUBSIDIARY COMPANY (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I AUDITED RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 1992 The Group The Company 1992 1991 Change 1992 1991 Change srooo srooo srooo srooo Turnover 33,543 25.236 32.9 33.663 25,490 32.1 Investment turnover included above 2,165
      660 words
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      Page 6 Advertisements Column 3
      7 6 US workers urge Clinton to scrap Nafta
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  • THE REGION/THE WORLD
    • Article
      Lock icon ADB pushes its vision of Asian capital market
      513 7 More activity after launch of USs3oom second dragon bond issue Reuter MANILA The Asian Development Bank's second foray into the dragon bond market has pushed forward Asia's claim as an emerging alternative capital market outside Japan, a senior bank official said yesterday.
      Reuter  -  513 words
    • Article
      Lock icon NZ property market has bottomed out: consultant
      519 7 But recovery will take many years Reuter AUCKLAND New Zealand's property market has bottomed out but it will take many years to recover from the excesses of the 1980s, international property consultants Jones Lang Wootton (JLW) said yesterday. The recovery, like the one
      Reuter  -  519 words
    • Article
      Lock icon Sanctions will hit Thai mining and logging industries
      226 7 Bernama BANGKOK The United Nations' sanctions against the Khmer Rouge would greatly affect Thailand's gemmining and logging industries, which have installed about 500 million baht (Ss32 million) worth of heavy machinery at operation bases inside the group's controlled areas, a senior official
      Bernama  -  226 words
    • Article
      Lock icon Russian inflation seen rising to dangerous levels
      276 7 AP MOSCOW Inflation is soaring after a summer lull to "very dangerous" levels and could wreck Russia's economy unless brought under control, according to Acting Prime Minister Yegor Gaidar. October's monthly inflation rate was 25 per cent, Mr Gaidar said, according to the
      AP  -  276 words
    • Article, Illustration
      Lock icon Battle for the presidency begins in South Korea
      361 7 Reuter SEOUL South Korea's presidential election campaign officially began yesterday with a call for the fairestever polls, but prosecutors said that scores of people had already broken the rules. Prime Minister Hyun Soong Jong announced the start of the 28-day campaign period
      Reuter  -  361 words
    • Article
      Lock icon Fall in Japan land prices accelerates
      282 7 FT TOKYO Land prices in Japan's largest cities have fallen by about a fifth in the last six months, threatening to exacerbate the Japanese banks' mounting problems with non-performing loans to real estate developers, according to a report published on Thursday. The report by
      FT  -  282 words
    • WORLD WATCH
      • Article
        Taiwan economy falters, hit by global slowdown
        99 7 TAIPEI Taiwan's economic growth slowed to its lowest level in two years during the third quarter of 1992 as the weakness of the global economy hit the island's export boom, the government said yesterday. Gross National Product (GNP) grew 5.16 per cent from
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      • Article, Illustration
        Here's to a less serious year
        40 7 PARIS Wine testers drinking this year's Beaujolais NoUveau on the Champs Elysees on Thursday. According to the Beaujolais wine office, its taste is more fruity, lighter and less serious than in 1990 and 1991.
        40 words
      • Article
        Bentsen's been asked: NBC
        52 7 WASHINGTON President-elect Bill Clinton's transition team has sounded out Senate Finance Committee chairman Lloyd Bentsen about becoming treasury secretary, and the <* Texas senator "didn't shut the door", NBC News reported Thursday. But it added that while Bentsen didn't shut UMiS door, he said "he's happy
        52 words
      • Article
        Tougher rules on plutonium?
        54 7 STRASBOURG, France The European Parliament caHefF** for tougher controls on plutonium shipments on Thursday ft? a Japanese freighter carried its radioactive cargo home from France. A cesolution from the European Community's largely J advisory assembly warned of "disastrous consequences" to human life and the environment from
        54 words
      • Article
        Restaurant boom in London
        61 7 LONDON London restaurants are booming despite reces- j sion and diners have never had it so good for choice, price 2 and quality, a new guide said on Thursday. "People concen- i trate on gloom and closures. Actually they are fewer than 1 imagined," said Peter
        61 words
      • Article
        Three more weeks of luxury?
        52 7 BAGHDAD President Saddam Hussein has decided to extend the deadline for an end to the sale of a long list of imported goods on the cash-strapped Iraqi market. The Nov 20 deadline has been extended until Dec 10 to allow merchants more time to sell
        52 words
    • Article
      Lock icon US group to use Russian satellites in telecom venture
      396 7 AP WASHINGTON A group of American investors has announced a deal for leasing and launching Russian-made satellites from a former Soviet spacedrome to provide telecommunications to Pacific Rim countries. Rimsat Ltd, based in Indiana and incorporated on Nevis, in the eastern
      AP  -  396 words
    • Article, Illustration
      Lock icon Playboy outlets multiplying like rabbits across China
      491 7 Reuter HONGKONG They've had to skip the push-up bras and centrefolds, but outlets of US sex-marketing giant Playboy Enterprises are multiplying like rabbits across politically puritanical China. Growing numbers of fash-ion-conscious and increasingly free-spending Chinese are scurrying to buy slacks, shirts, jackets and
      Reuter  -  491 words
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  • THE WORLD
    • Article
      Lock icon US workers urge Clinton to scrap Nafta
      604 8 UPI MIAMI BEACH Noting that not one radio or TV was made in the US any more, electronics workers vowed on Thursday to fight the North American trade pact they felt would send more jobs south of the border. William Bywater, president of
      UPI  -  604 words
    • Article
      Lock icon Pact may be extended to Americas, Caribbean: Mulroney
      242 8 Reuter TORONTO The North American Free Trade Agreement may eventually be expanded to the Americas and the Caribbean, Canadian Prime Minister Brian Mulroney said on Thursday. "We will now be working with the new Clinton administration in the United States to ensure
      Reuter  -  242 words
    • Article
      Lock icon Successful deal is no panacea for global trade problems: economists
      467 8 Gatt Talks Reuter PARIS As the Uruguay Round of Gatt trade talks enters its final stretch, economists are toning down expectations that a deal will galvanise global growth prospects. A successful conclusion of the talks has come to be seen
      Reuter  -  467 words
    • Article, Illustration
      Lock icon Bonn urges cuts in public staff, subsidies
      299 8 Reuter BONN Germany's federal government called on Thursday for public sector staff cuts and curbs on social spending and state subsidies in a drive to reduce spiralling budget deficits sparked by German unification. Finance Minister Theo Waigel urged the country's 16 regional states
      Reuter  -  299 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      447 8 Vessel Voy No Berth Arrival Departure Vessel Voy Hi Berth Vrivai Departure Marina Wharves Baru Muncul VOOl M05 alongside 2011/2300 Batam Baru B197 M03 alongside 2011/2300 Batam Maiu *****2 M02 alongside 21.11/2300 Batam Murn *****2 M04 alongside 20.11/2300 Batam Sayang *****2 M05 alongside 20.11/2300 Batammdo 2 2073S
      447 words
    • Article
      CONTAINER SCHEDULES
      1723 8 DELIVERY [22 RESS 9* Voy No Containers i valable a* Voy No Containers avataMe K Jespersen 50SI92 19.11.92 0225 Vigour Pacif 75S8 COO(EST) 2011.92 1500 Shenton 07W 19.11.92 0715 Kuala Siafc 5 SI184A COO(EST) 20.11.92 1930 OOCL Honour 21E 19.11.92 0730 OOCL Charger 33E COO(EST) 20.1192 1500 Sea
      1,723 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      158 9 TRUST CITIBANK TO BRING YOU -j.'t A FRESH NEW WAY TO INVEST IN UNIT TRUSTS. In this day and age, the key to making you to tap into countries close to home, or take, more from your money is variety. in virtually the entire Asia-Pacific region. Quite simply, the more
      158 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Rumours turn spotlight to Malaysian counters
      3927 10  -  By Shoeb Kagda MALAYSIAN counters took the spotlight yesterday as investors looked north for profit opportunities given the dismal performance of the local bourse. The benchmark Straits Times Industrials Index fell 4.56 points to 1,413.82 on thin trading while the UOB OTC Index, which
      3,927 words
    • Article, Illustration
      Lock icon HOT STOCK
      91 10  -  By Quak Hiang Whai GET ready to catch Hai Sun Hup on its downward trip. The stock failed to breach $2.10 three times and is correcting towards its base at around $1.75$1.80. On touching that base, the daily stochastic and KSI would have gone well below the 25
      SOURCE: BRIDGE INFO  -  91 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      171 10 /aJ Cartier's $250,000 Christmas Tree Ail KV The opulence and luxury that is Cartier was once again apparent at their recent reception to launch •Sll I lS their new ,ine of Christmas g ift ideas included the Casque DOr jewellery collection, the I lacquered mini lighters, the Pasha eau de
      171 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3366 11 (X-BC Foreign 1080 +20 19% SI A Foreign 1560 f 20 +1.3% SPH Foreign 1520 20 +1.3% Jurong Fng 50« 398 14 +16% SfcfcL Foreign 158 +14 9.7% CJE Life 1110 H0 tO.9% First Capital 265 9 +3.5% Alliance lech 88 +6V 2 t-8.0% Swens
    3,366 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      188 11 ESfcS YOUR VERY OWN HASSLE-FREE M|r>* BKTTO^NEWS-CUPWWG^aVICE! If news and other pertinent information on companies listed on the Stock Exchange And for subscription fee of onlg $250 per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe to this
      188 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3413 12 RISES Dunlop Est 610 K35 »6.l% Dunlop Est CULS 575 +25 +4.5% TL Corpn 5C 251 +22 9.6% H Leong Credit -WW +20 +5.2% Magnum Corp 50* 695 +15 +2.2% Bcrjaya Group 115 f 12 +11.7% I'MW 412 +12 3.0% Berjaya Leisure 180 +11 +6.5%
    3,413 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      101 12 BUSINESS T I_M_E_S_ Toll free Tel No: 737 0043 Fax No: 734 3698 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must
      101 words
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      Page 12 Advertisements Column 2
      310 12 ULTEC ENGINEERING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at No. 8 Robinson Road, #09-00, Singapore 0104 on 19th November 1992, the resolutions set out below were duly passed: SPECIAL RESOLUTIONS 1. VOLUNTARY WINDING UP
      310 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares end steady on speculative buying
      5516 13 Bernama SPECULATIVE buying support plus bargain-hunting led shares to a steadier elose yesterday in moderate trading. The KLSE Composite Index edged up 5.21 points to 642.60 while the Industrial Index added 3.96 points to 1,109.50 and the Emas Index put on 2.11 points to
      Bernama  -  5,516 words
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  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Another lacklustre day for stocks on both markets
      431 14 CLSA YESTERDAY was another lacklustre day on the Shanghai A and B market. The CLSA Shanghai A Index notched up 0.5 per cent to 2,412.25, with a low turnover of 0.62 million shares. The CLSA Shanghai B Index ended the day 1.2
      CLSA  -  431 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Stocks close barely changed in thin trade
      956 14 STOCKS closed barely changed yesterday in thin trade, with the Official Index ending at 288.88 compared to Thursday's 288.81, brokers said. Investors remained cautious after the fiasco involving Bank Summa and the major owners of PT Astra International. Astra's major owners have been
      956 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks end higher on govt fund intervention
      2166 14 Reuter STOCKS finished 4.5 per cent higher yesterday as the Finance Ministry started using a five billion baht fund to buy shares, which had plunged heavily in the previous two days on legal action by the Securities and Exchange Commission against a major
      Reuter; Source: Bridge Info  -  2,166 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      59 14 Ufljlltf hi immm AMI II I I 111 I 1 I I *ll■ I I I 111 II I I Find out in I I■ I I I I I I IF 111 I vI f I Personal Investment and Finance. II I I I I I 111 II I
      59 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei higher on improved sentiment
      2584 15 Reuter STOCKS rose on small-lot buying and the 225-share Nikkei Average closed up 162.29 points or 0.96 per cent at 17,033.60 yesterday. News that parliament will begin debating the government's supplementary budget aided sentiment, brokers said. The Nikkei last closed above 17,000 on Nov 5.
      Reuter  -  2,584 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon China's silence keeps investors guessing
      2489 15 Reuter STOCKS reversed early losses to finish slightly higher yesterday on selected buying dominated by banking and utilities counters, brokers said. The Hang Seng Index ended up 22.77 at 5,878.18. It touched an intra-day low of 5.795.34 near the opening but climbed on mild shortcovering
      Reuter  -  2,489 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices leap higher on good corporate news
      2069 16 Reuter GOOD NEWS* from leading companies, combined with the removal of anxiety surrounding the major banks, triggered heavy buying in stocks and pushed the leading index through the technical 1,400-point level yesterday. Brokers said they were thrilled with the day's performance, with one
      Reuter; Source: Bridge Info  -  2,069 words
  • REGIONAL STOCK MARKETS
    • Taiwan stocks firm, buoyed by financials
      • Article
        TAIPEI
        487 16 STRONG buying in financial shares by brokerages pulled Taiwan stocks up to close higher across the board in active trade yesterday, brokers said. The Weighted Index closed 41.95 points or 1.1 per cent higher at 3,724.33. Turnover rose to NT$l5 billion from NTS 13.6 billion. Brokerages stepped into the
        487 words
      • Article
        SEOUL
        765 16 KEPCO shares continued to support the index yesterday, but profit-taking in late afternoon pared early sharp gains, brokers said. "The index may have risen but overall it is a negative market because it was mainly the Kepco shares that supported the index," Hong Seunghyob at Dongsuh Securities said. The
        765 words
      • Article
        MANILA
        553 16 TRADERS' reaction to a volatile peso shoved share prices off support levels, but broad selling abated as the market prepared for a technical rally forecast for next week. Manila's Composite Index slipped 6.96 to end at 1.303.63. A gloomy outlook caused by a power crisis is seen shadowing the
        553 words
      • Article
        BOMBAY
        78 16 STOCK prices improved substantially yesterday because of aggressive buying by the government-owned Unit Trust of India. Brokers said the recent downward trend could be reversed if UTI remains in the market. They said they expected prices to remain steady on Monday because of further restrictions imposed by Bombay exchange
        78 words
      • Article
        NEW ZEALAND
        261 16 SHARE prices surged yesterday in a late afternoon buying frenzy to close just slightly down after being under heavy pressure earlier in the session. "It was an extraordinary day. It was a feeding frenzy," said Jordan Sandman Were broker Warne Rowllings. The NZSE-40 Capital Index slumped to a
        261 words
      • Article
        Untitled
        50 16 Close Pm«B No* 20 NEW ZEALAND NZSE-40 Capital 1.446.58 1.448.85 -2.27 MANILA Composite Index 1.303.63 1.310.59 -6.% Turnover (mil pesos) 149.26 120.59 +28.67 TAIPEI Weighted Price Index 3.724.33 3.682.33 +41.95 Turnover (NTS billion) 15 13.6 +1.4 SEOUL Composite Stock Index 635.55 632.49 +3 06 Turnover (billion won) 619.74 410.67 209.07
        50 words
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  • WORLD STOCK MARKETS
    • Dow edges up despite poor economic data
      • Article, Illustration
        NEW YORK
        1330 17 A LATE wave of computer-guided buy programs helped stocks advance for the second straight day on Thursday despite some fresh signs of weakness in the US economy. Volume was heavy. The Dow Jones Industrial Average, which gained 14.05 points on Wednesday, added 2.16 points to 3,209.53. Among the
        1,330 words
      • Article
        FRANKFURT
        222 17 SHARES ended a moderately busy Thursday session 0.4 per cent above Tuesday's closing levels, but below in-tra-day highs seen on the back of heavy demand for selected blue chip stocks. The 30-share DAX Index ended 6.60 points higher at 1,551.65, well below a high of 1,559.48. The market had
        222 words
      • Article
        AMSTERDAM
        265 17 SHARES ended lower on Thursday in a quiet market characterised by gloom about the economic outlook and uncertainty among investors. The EOE Index stood down 2.06 points at 276.41 at the market close. Most traded shares included transport company Nedlloyd which was hit early on by a Dutch newspaper
        265 words
      • Article, Illustration
        LONDON
        687 17 SHARE prices here advanced slightly on Thursday, carried higher by hopes of a successful outcome to talks on world trade and on hopes that European interest rates would fall. At the close, the FTSE Index of 100 leading shares was up 2.2 points to 2,706.2 points in busy trading,
        687 words
      • Article
        PARIS
        165 17 SHARES finished lower on Thursday and the CAC-40 blue chip index dropped 2.09 per cent taking it to its lowest close since Oct 19. Dealers said sales by British and US investors were largely behind the fall, which developed steadily over the day after a small bounce early on.
        165 words
      • Article
        MILAN
        344 17 PRICES tumbled on Thursday as players, particularly the funds and professional investors, decided to take their profits after the recent sharp gains. All the state companies identified as candidates for privatisation, and which had been at the centre of the upwards rush, suffered, with Banca di Roma shedding 6.4
        344 words
      • Article
        ZURICH
        163 17 SHARES ended a moderately active session higher on Thursday, although they finished below the day's highs after some profit-taking emerged in the afternoon. Brokers said sentiment had benefited from a second successive injection of liquidity into the money market by the Swiss National Bank, designed to counter recent rate
        163 words
      • Article
        BRUSSELS
        266 17 SHARES closed slightly lower on Thursday in moderate business marked by the suspension of bank BBL. The Bel-20 Index of leading shares closed 3.0 points, or 0.26 per cent, lower at 1,135.20. A total 935 million francs worth of shares were traded. BBL said a statement was due and
        266 words
      • Article
        JOHANNESBURG
        494 17 SHARES ended mixed on Thursday after drifting sideways for most of the day and dealers said institutional investors were mostly on the sidelines as uncertainty continued to dominate sentiment. "Sentiment remains bearish and there are sellers still overhanging the market, particularly in mining stocks," one dealer said. The Industrial
        494 words
      • Article
        TORONTO
        282 17 STOCKS ended mixed on Thursday after a heavy day of corporate announcements. "But really there's nothing happening unless you're in diamond stocks. The focus right now has shifted to the (Canadian) dollar and on interest rates," one dealer said. The TSE 300 edged up 2.05 to 3,233.73 on volume
        282 words
      • Article
        Untitled
        153 17 Nov 19 (low Previous NEW YORK Do* Jones 3.209.53 3.207.37 +2.16 S&I' 500 423.61 422.85 +0.76 Turnover (million) 219.30 219.08 0.22 LONDON f-TSfc 100 2.706.2 2.704.0 2.2 FT-30 2.017.8 2.012.2 +5.6 Turnover (million) 656.7 551 +105.7 FRANKFURT DAX Index 1.551.65 1.545.05 -6 60 AMSTERDAM EOE Index 276.41 278.47 -2.06 PARIS
        153 words
  • Page 17 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Norwegian crown slides, US$ rises in early European trade
      1192 18 REPORTS THE Norwegian crown came under selling pressure in early European trading yesterday while the dollar rose in response to rumours that the EMS might be re-aligned this weekend and that German interest rates might fall quickly, market sources said. The
      1,192 words
    • Article
      SEC makes things easier for small investors
      301 18 WASHINGTON The United States Securities and Exchange Commission voted on Thursday to open the rapidly growing market in bonds backed by consumer and business loans to the small investor. The commission also required some mutual funds to reveal the name of their portfolio
      301 words
    • Article
      FINANCIAL FUTURES
      1503 18 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96.03 96.03 95.9& 96.01 8015 5631 ***** Mar 93 96.15- 96.15 96.09 96.14 ***** ***** ***** 96.14 Jun 93 95.76 95.76 95.70 95.74 8730 7945 ***** Sep 93 95.33 95.34 95.29 95.33 2410 3143 3855 Dcc
      1,503 words
    • Article
      INTERBANK FOREX RATES
      398 18 Cross rates Nov 20 I US$ S$ MS Dm Yen SFr AS NZS USS ***** 2.5230 1.5760 123.60 0.6510 1.4230 1.4577 1.9417 S$ 0.6120 1.5441 0.9645 75.6426 0.3984 0.8709 0.8921 1.1883 MS 0.3964 0.65 0.6247 48.9893 0.2580 0.5640 0.5778 0.7696 Dm 0.6345 1.0368 1.6009 78.43 0.4131 0.9029
      398 words
    • Article
      MONEY MARKET
      594 18 Interbank rates SS Bid Offer Overnight 1 3/4 1 -month 1 7/8 2-month 2 1/16 3-month 2 3/16 Overnight mode: 2-1/16 1 7/8 2 2 3/16 2 5/16 US$ B id Offer 7 days 1 month 2 months 3 months 6 months 9 months 12 months 3 1/8
      594 words
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  • COMMODITIES
    • Article
      Lock icon Opec unlikely to make big output cuts: Asian traders
      435 19 Reuter SINGAPORE Opec will probably patch together an agreement .to trim output at its meeting next week but production cuts are unlikely to be deep enough to support oil prices for long, Asian oil traders said yesterday. "Opec has a lot
      Reuter  -  435 words
    • Article
      Lock icon Licht sees fall in world coffee stocks
      234 19 Reuter RATZEBURG, Germany World coffee stocks are expected to fall in 1992-93 as output drops substantially, mainly due to a smaller crop in Brazil, said FO Licht in its first estimate of this season's world coffee balance. Licht forecast stocks would fall to
      Reuter  -  234 words
    • Article
      S'pore rubber prices fall on weaker Tokyo market
      755 19 REPORTS SINGAPORE rubber futures closed the afternoon session easier in thin volumes yesterday led by falls in the Tokyo rubber market, brokers said. "Prices, I think, will ease further next week as there is not much consumer interest," one senior broker said.
      755 words
  • Article
    PRICES
    1509 19 Rubber HAS CffWHHW Hty Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 92 144.75 144.75 144.75 100 2,375 Jan 93 0.00 0.00 145.00 0 4.250 Feb 0.00 0.00 145.25 0 4.650 Mar 145.75 145.75 145.25 1.200
    1,509 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      1147 19 BUSINESS TIMES Toll free Tel No: 737 0043 -Fax No: 734 3608 IN THK MATTER OF THK COMPANIES ACT. CAP. 50 AND IN THE MATTER OE PROFESSIONAL DEVELOPMENT (ASIA) PTE LTD (IN MEMBERSVOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50. that the
      1,147 words
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  • Article
    Denmark and Norway raise rates to defend currencies
    344 20 Move follows realignment fears as Sweden floats krona Compiled by staff from agency reports SINGAPORE Denmark and Norway yesterday boosted their key interest rates in a bid to defend their currencies after Sweden allowed its krona to float on Thursday. Sweden's move
    344 words
  • Article
    Lock icon Japan to begin budget debate after long delay
    534 20 At stake is a bill needed to finance plan to revive economy Reuter TOKYO Japan's ruling and opposition parties agreed yesterday to open debate immediately on a long delayed budget bill needed to finance part of a crucial economic bail-out package, political
    Reuter  -  534 words
  • Article
    Lock icon China puts 3-year freeze on new stock markets
    247 20 AFP BEIJING The Chinese government has imposed a three-year ban on opening any new stock exchanges, but is under increasing pressure to rethink its policy, an official newspaper reported yesterday. The decision was aimed at laying down a legal framework to standardise
    AFP  -  247 words
  • Article
    Lock icon HK govt cautions banks on heavy stock financing
    496 20 Reuter HONGKONG The Hongkong government has warned banks and financial institutions about heavy stock financing following a series of massively oversubscribed flotations which locked up billions of dollars, bankers said. in a letter issued this week, the Banking Commission said it was
    Reuter  -  496 words
  • Article
    Lock icon Bear the consequences of airport move, China tells HK
    268 20 Reuter HONGKONG China has criticised Hongkong for pushing ahead with a major contract for its controversial new airport project in the face of Beijing's opposition. A senior Chinese diplomat said Britain would have to bear the consequences if Hongkong insisted on
    Reuter  -  268 words
  • Article
    Lock icon Clinton pledges to review US policy on arms sales
    504 20 Reuter WASHINGTON Presi-dent-elect Bill Clinton, at a news conference dwelling extensively on foreign policy, pledged on Thursday to review US arms sales policy and said pressure on China would bring about more progress on human rights. "I expect to review our
    Reuter  -  504 words
  • Article
    Lock icon Bhutto offers to halt march in exchange for fresh elections
    309 20 Reuter, AFP. AP KARACHI Pakistani opposition leader Benazir Bhutto, banished from the capital for 30 days, offered on Thursday to call off fresh plans for a protest march on parliament if the government held fresh elections. She was earlier deported
    Reuter,; AFP.; AP  -  309 words
  • Article, Illustration
    Lock icon Deng in demand
    168 20 Reuter BEIJING Excited shoppers yesterday snapped up a new official poster of senior leader Deng Xiaoping, the latest in a growing list of tributes to the man who has sent China rushing to capitalist-style economics. "Our Chief Architect", a portrait of the 88-year-old Mr Deng done in
    Reuter  -  168 words
  • Article, Illustration
    Lock icon Former foes Russia and S Korea sign defence pact
    395 20 Reuter. AP SEOUL Russian President Boris Yeltsin signed an agreement yesterday to strengthen military ties with Moscow's former Cold War foe South Korea at the expense of the Stalinist North. "This pact will contribute to deterring North Korea's aggression towards the
    Reuter.; AP  -  395 words
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  • Executive Lifestyle
    • Article, Illustration
      Drawing on Asian markets
      1275 21  -  Art Asia, which opened in Hongkong on Wednesday, has attracted more than 75 leading art dealers from Europe, North America and Asia. Catherine Ong on why their attention is shifting to the East Catherine Ong ANDY Warhol would have given them the thumbs-up. Chinese censors might
      1,275 words
    • STRAWS IN THE WIND
      • Article
        The cruellest cut
        27 21 QUOTE of the day from David Dodwell, world trade editor for the Financial Times: "A trade war is death by a thousand cuts, really."
        27 words
      • Article
        On the wane
        39 21 SOMETIMES, how well a company does may be reflected by the name it has. A Japanese trading company called Moon Bat Company recently reported a loss of 537 million yen. Experts call this a fly-by-night company.
        39 words
      • Article
        Afternoon ban
        47 21 A POPULAR joke making the rounds in South Africa goes like this: the overstaffed civil service has been banned from staring out of the window and doing nothing on weekday afternoons. Because if they do that, they will have nothing to do in the mornings.
        47 words
      • Article
        Shop and rest
        45 21 NOW YOU know why public lavatories are sometimes referred to as restrooms. A female journalist wandered into the 100 at Paragon one day and was greeted by the sight of several women doing what comes naturally snoozing on the comfy sofas provided.
        45 words
      • Article
        Going for gold
        58 21 CURRENTLY, the place to be if you're in the market for cheap gold is at Lucky Plaza, where goldsmiths are slugging it out in a price war. Heading the battle is a jeweller who is named for success his name is Money Chan, and you could perhaps
        58 words
    • OPINIONS
      • Article, Illustration
        Who's going to take over?
        1466 22  -  Singapore was stunned this week to learn that both DPMs have cancer. Yang Razali Kassim says the news has disturbingly demonstrated the limits of planned political succession. He also looks at the situation in Malaysia and Indonesia Yang Razali Kassim The writer is a senior
        1,466 words
      • Article, Illustration
        Urgent action needed to stop illegal timber trade
        681 22  -  Shoeb Kagda reports on some proposals put forward for discussion at a timber industry meeting next week Shoeb Kagda The writer is a BT journalist REED is good," so said -mr the character Gordon Gekko in the movie, Wall Street. Greed is
        681 words
      • Article, Illustration
        Pity the Pakistanis
        878 22  -  Salil Tripathi discusses the current political turmoil in Pakistan Salil Tripathi The writer is a BT journalist Benazir bhutto lost the 1990 elections to the army-backed Islamic Democratic Alliance (IDA) fair and square. Pakistan has a legitimately elected government in place. Elections are not due until 1995.
        878 words
      • Article
        CDP system appears inefficient
        226 22  -  LETTER TO THE EDITOR Denis Distant ACCORDING to the letter from the Public Affairs Manager of Central Depository (Pte) Ltd (CDP) (BT. Nov 14-15), it takes not less than 17 market days (ie, at least 21 calendar days) to convert a share certificate to scripless form
        226 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Necessary science
        1657 23  -  To compete and prosper in the Big League, Singapore must excel in science the way it has excelled in the economic arena. Institute of Molecular and Cell Biology director Chris Tan tells Anna Teo f CONVERSATIONS RAFFLES Anna Teo HE SAYS he's no David Suzuki. But Prof Chris
        Photo by Arthur Lee  -  1,657 words
      • Article
        Eureka! It's like falling in love
        1089 23 Prof Tan recounts the thrill and excitement of a scientific breakthrough PROFESSOR Chris Tan speaks of course from experience when he talks about the scientist's cloud nine eureka sensations. "The joy of a scientific discovery for me is like the excitement of a first
        1,089 words
      • Article
        From laboratory to industry
        686 23 An INSTITUTE of Molecular and Cell Biology (IMCB) researcher found a way of typing human tissues very quickly three years ago and got his method patented. He has now started a company, ET (for European Transtype, a name picked by his boss. IMCB director Prof Chris
        686 words
    • EPICURE
      • Article, Illustration
        Back to basics
        539 24  -  Susan Tsang samples hot stone cooking at Lorong Mambong Susan Tsang IT SOUNDS good clean, DIY grilling at the table on a heat-conducting slab of stone, using no oil or other fats. It looks good, the Hot Stones Steak and Seafood Restaurant at Lorong Mambong, with bison
        539 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Flavours of indolence
        612 25  -  Nirmal Ghosh visits a bar with personality, where the walls are a warm burnt orange and the atmosphere decadent Nirmal Ghosh The spiral staircase, with plush carpets underfoot as well as on the walls, winds down to the grotto-like chamber, where serried ranks of champagne bottles are
        Photo by Arthur Lee  -  612 words
      • Article
        Burgundy's perfectionist
        583 25  -  Madame Bize-Leroy of Burgundy produces legendary wine Wine By N K Yong The name of Domaine RomaneeConti (DRC) stands virtually supreme in Burgundy, its wines as legendary as its prices. One of the owners is the redoubtable Madame Lalou Bize-Leroy, who has one of the best palates in
        583 words
    • PEOPLE
      • Article, Illustration
        Lock icon PSA's Brani milestone
        138 25 PRIME MINISTER Goh Chok Tong recently opened the Brani Terminal, marking another milestone in the Port of Singapore Authority's long-term infrastructural development. The new container terminal. which will have five main and four feeder berths when construction work is completed in 1994, is designed to handle five
        Photos by Arthur Lee  -  138 words
      • Article, Illustration
        When two groups tee off
        144 25 INTO its third consecutive year, the Sembawang and Jurong Groups Golf Tournament 1992 was recently held at the scenic 18-hole Lake Course of the Raffles Country Club. The morning dawned cool and breezy after a heavy downpour the night before. It was a perfect day
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    • REVIEWS
      • Article, Illustration
        What a winner
        778 26  -  When Geena Davis and Tom Hanks play ball, they're in A League of Their Own. Susan Tsang applauds a real peach of a movie Susan Tsang URING World War Two, with the men going off to W the battlefields, women are re- cruited to fill their places
        778 words
      • Article, Illustration
        Attacked by angst
        637 26  -  As a social study of the criminal mind, Hit Man is way off the mark, observes Jaime Ee Jaime Ee PK T OU get the feeling. You V don't want to wake up in the morning. You dread $cing the boss first thing in the feay. You
        637 words
      • Article, Illustration
        More muddle than mystery
        604 26  -  Susan Tsang on why sitting through Iron Maze can be a test of endurance Susan Tsang NO, Iron Maze is not a documentary on getting lost during a triathlon, though it is in some ways a test of your endurance. The citizens of Corinth, 15 miles
        604 words
      • Article, Illustration
        Financial verses for a cynical decade
        540 26 Poems From the Square Mile Gog and Magog Woodhead Publishing Ltd 64 pages, £4.95 Reviewed by S N Vasuki You must show high integrity and standards of fair dealing Such demonstration will conceal the subtler forms of stealing Due skill and care and diligence
        540 words
    • PURSUITS
      • Article, Illustration
        The roads less travelled
        903 27  -  Harish Mehta catches up with a British motorist who covered 14 countries in 87 days in his Land-Rover Harish Mehta LEAVING the predictability of their eggs, bangers, and bubble and squeak behind in London, 25 intrepid Englishmen and 14 Englishwomen packed into 17 cars and began
        903 words
      • Article, Illustration
        Measuring the roof of the world
        842 27  -  Nirmal Ghosh reports on an expedition which aims to settle Himalayan scores Nirmal Ghosh WHICH is higher, K2 or Everest? For the record, K2 has so far been considered 8,611 metres high, second only to Everest which clocks 8,848 metres. To the average blow-dried
        842 words
    • PERSONAL FINANCE & INVESTMENT 1
      • Article, Illustration
        Looking to LAN
        1021 28  -  Powermatic Data Systems is offering 10 million new shares at $0.45 each to the public. Helen Chang gets analysts' views on the prospects of this Sesdaq candidate STOCK Helen Chang POWERMATIC Data Systems is riding on a growing market niche in the computer industry, but the question
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      • Article
        Bullish about Japanese stocks
        749 28  -  A Japanese fund manager shares with Quak Hiang Whai his outlook for the Tokyo stock market Quak Hiang Whai THE NIKKEI Average, which tracks Japanese stocks, has bottomed out. The new US$B6 billion (Ssl4o billion) fiscal package will boost the Japanese economy. Corporate earnings will turn
        749 words
      • Article, Illustration
        STII looks set to mirror KLCI and hit new high
        592 28  -  CHART By Goh Hiang Fong The writer is head of research al Lum Chang Securities A FAILURE to penetrate the key resistance level of 1,450 points on the Straits Times Industrial Index (ST1I) is providing some concern for investors. In
        592 words
      • Article, Illustration
        Betting on Eurodollar futures
        1017 29  -  Distressed by the current low level interest rates? Try betting on them, says Paul Leo Paul Leo IF YOU want your money to earn 1,000 times more than the 2 per cent annual interest achieved in a three-month fixed deposit, look no further than the Singapore
        1,017 words
      • Article, Illustration
        Lock icon December and March futures contracts most liquid
        201 29 THE Eurodollar December 92 and March 93 futures contracts are the most liquid with open interest of more than 20,000 contracts. As mentioned, we should always trade contracts with a high liquidity. We have chosen the March 93 contract for analysis here because
        Source: Bloomberg  -  201 words
      • Article
        East Asia's five years of rapid growth
        612 29  -  Quak Hiang Whai examines the findings of an SES study of four Asian equity markets: Thailand, Singapore, Malaysia and Hongkong Quak Hiang Whai Thailand's bourse was more liquid than its counterparts in Singapore, Malaysia and Hongkong in the last five years, but Singapore
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    • SPORTS
      • SIDE LINES
        • Article
          Scoring systems cause chaos at squash tourney
          64 30 ANDORRA Confusion reigned at a European squash event on Thursday with two different scoring systems in use. In two preliminary round matches at the Champion of Champions tournament, the point-a-rally system was used with first to 15 the winner. But first round matches
          64 words
        • Article
          Queensland rugby team ahead
          52 30 DUBAI, United Arab Emirates Defending champion Queensland of Australia showed its determination to retain the Emirates International Rugby Union Sevens title on Thursday. Queensland collected the day's most points 106 in three games, despite the absence of key international players who are with the national team
          52 words
        • Article
          Derby day in Italian league
          57 30 PARIS Sunday is Derby day in the Italian league with leader AC Milan taking on ground-share neighbour Inter and Juventus and Torino clashing in Turin. AC is expected to field the Dutch trio of Frank Rijkaard, Ruud Gullit and Marco Van Basten in the same
          57 words
        • Article
          Search for solo sailor called off
          91 30 NEW YORK The US Coast Guard on Thursday called off its search for Mike Plant, the prominent solo sailor, saying an aerial survey of more than 200,000 square miles in the Atlantic Ocean over six days had turned up no signs of him. Plant,
          91 words
        • Article
          New schedule for NZ cricket team
          59 30 COLOMBO, Sri Lanka New Zealand will play two one-day friendly matches against Sri Lanka next week in a revised itinerary of their troubled tour, cricket board officials said yesterday. The original six-week-long tour was cut by a week and will now consist of two
          59 words
        • Article
          Swiss cheeses go skiing
          55 30 GENEVA Swiss cheeses on skis hurtling down the mountain slopes may be a pretty good answer to.critics who say Alpine skiing's World Cup is short on innovation. Switzerland's decision to clothe its skiers in bright yellow costumes punctured with holes, supposedly for better aerodynamics, follows a
          55 words
      • Article, Illustration
        Faldo, Woosnam for S'pore tournament
        603 30 Third Johnnie Walker Classic SINGAPORE World number one Nick Faldo will head a star-studded cast in the Third Johnnie Walker Classic at Singapore Island Country Club from Feb 4 to 7, 1993. The 35-year-old Englishman winner of five tournaments this year including his third British
        603 words
      • Article
        Lock icon Navratilova enters semi-finals with win over Sanchez Vicario
        369 30 Virginia Slims Championships AP NEW YORK Martina Navratilova shook off the mid-match blahs on Thursday night to down Arantxa Sanchez Vicario and move into the semi-finals of the Virginia Slims Championships. The 36-year-old Navratilova, who last won this sea-son-ending tournament in 1986,
        AP  -  369 words
      • Article, Illustration
        Lock icon Losing still hurts, she finds
        582 30 NYT NEW YORK In the space of three city blocks, she roamed through myriad subjects, from quitting tennis to campaigning for gay rights to trying out the new hockey skates she received from Rangers Coach Roger Neilson in exchange for a racquet. Martina Navratilova, like
        NYT  -  582 words
      • Article, Illustration
        Lock icon Ivanisevic downs Courier
        612 30 ATP Tour World Championship AP FRANKFURT Jim Courier learnt the hard way on Thursday that Goran Ivanisevic had more to his game than the most fearsome serve in tennis. Playing what he said was the best match of his career, Ivanisevic overwhelmed the top-ranked American 6-3, 6-3
        AP  -  612 words
      • Article
        Lock icon Bowe's camp rejects Lewis offer
        395 30 Reuter NEW YORK New heavyweight champion Riddick Bowe's camp turned down a US$l2 million (5519.6 million) offer from number-one challenger Lennox Lewis on Thursday. "It's absolutely ridiculous," said Milt Chwasky. a lawyer for Bowe's manager. Rock Newman. "There was a fax offering US$l2 million. Who
        Reuter  -  395 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1269 31 Oty FHgJrt ETA Flight ETD I Mil OfeaM GA970 OOIO GA976 0025 SQ228 2015 »aa RJ187 0130 Aantardaai SQ319 0810 KL838 0040 KL837 1515 SQ342 2300 UriUnd NZ21 1700 NZ22 1825 SQ286 2045 B Sari Bafawaa BI421 1105 SQ182 0930 SQ181 1425 BI422 1205 I 6)429
      1,269 words
    • TRAVEL
      • Article, Illustration
        Free and easy in Tokyo
        725 31  -  LETTER FROM TOKYO Jw m? Jm ,W Jw By Chris McCooey MOST surveys that compare costs for business and tourist travellers put Tokyo at the top of the world league. But if you want to get a feel for Tokyo, there are a number of
        725 words
      • Article
        FOREIGN CURRENCY NOTE RATES
        152 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1207 1.1365 Canadian dollar 1.2710 1.2966 NZ dollar 0.8327 0.8500 Sterling pound 2.4966 2.5317 US dollar 1.6305 1.6380 Local dollars to 100 uaits of foreign currency Austrian schilling 14.54
        152 words
      • Article
        WORLD TRADE EXHIBITIONS
        59 31 Duration Title Venue Organiser Td Duration Title Venue Organiser Tel Fcria Mucstrano *****6.11.00 Tedding!on TWI1 Icc 26Valencia Valencia. Jan 3. International Spain Intcmacional Jan 7-10 London Earls Court. National Boat 0784-*****8 1993 Trade Fair De Valencia International London Show. Meadlake Jan 7-10 Autosports Birmingham Ha> market 071-*****20
        59 words
    • Article
      CINEMA
      656 32 A League of their (Km. Highly entertaining baseball movie with Tom Hanks and Geena Davis, about women slugging it out on the pitch. Accessible to non-players too. Directed by Penny Marshall. Orchard: 11; 1.30; 4; 6.45; 9.15. Yishun 10: 10; 12.30; 3; 6.50. 9.25; 11.55. Midnight tonight at Orchard,
      656 words
    • Article
      MOVIES ON TV
      421 32 The Girl in Red, Mon, 10.30pm, SBC 12 An Ran is a spirited 16-year-old with a mind of her own. In a world of blue and grey, she wears a red blouse. But being bright doesn't make everyone love you, and the young woman is shocked to
      421 words
    • Article
      RADIO
      213 32 Short Story, BBC, Today, 9.05 am Bronwyn has been so altered by disease that her husband can no longer see in her the woman he loves. As death approaches, its restorative power is delicately evoked in Kingbirds And Bobolinks by Lois Scott in Canada. Opera Highlights, Symphony 92.4, Today,
      213 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      240 21 II ff-. f iitru UIiIIHHHI GEographique. Around the world in 24 hours. THE WORLD HAS 11 NEVER SEEN A WATCH QUITE LIKE THE MECHANICAL jS^ffy~'*^3gSW GEOGRAPHIQUE [mRBmF BEFORE: FASHIONED v ->. in 18 k cold, rr kg .-Jf sJh y -Tgjr,^ij\ Setting new standards in •'/> )(f SIMPLICITY. TURN THE
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      27 22 •BT welcomes letters from you. Please send M them to: The Editor, Business Tunes, 390 Kim Seng Road, S'pore 0923. Letters f| should include your contact numbers.
      27 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      30 22 DOONESBURY GARRY TRUDEAU IT [Hey, CMON.vlSffl WISN7rr f I ££££££!S££ R 111 w/W KNOUINS THAT OUR I I mi *1 \iwwk?our jjpjr l &rlisbonstuo&>safb,y c I I g m^^SC e^
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      683 24 Nothing Beats A where to wine, dine n> HKHTtA AT CAE CAROUSEL Adult $1080++ Child $&80++ You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes, i at our high tea buffet. Only on Saturdays and Sundays from 1 1 3pm to 5.30pm. i I SA
      683 words
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      Page 24 Advertisements Column 2
      256 24 WE *VE JUST BRED A NEW WINNER I at The Stables The Businessmen's Derby Lunch A delectable choice of appetisers and soup. followed closely by your pick from five delightful main dishes and a selection of desserts Finish mi b> omiroom with coffee or tea Only $28.00+ 1 //andon* Orchard
      256 words
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      Page 25 Advertisements Column 1
      176 25 AND ENTERTAIN Curry Flavours Spice up this Sunday with our potpurri of curries. And our wondrous Salad Bar for a healthy balance! Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00++ For reservations, please call ANA HOTEL 732-1222 extension 1700 SINGAPORE UNMRHI SwgDC** *005 T«MC*V«
      176 words
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      Page 25 Advertisements Column 2
      62 25 r Don't miss B AFTERS a Your day may be W over But your night J|| E is just beginning! y Get a drink, go B H dancing, hear ff see the hottest B band in town... X B Explore the 3 T possibilities B C-? with our ft AFTER
      62 words
    • Advertisement
      Page 25 Advertisements Column 3
      90 25 club v\ M Barbecue Buffet VpsiS: i Eat as much as you can H|||jlU||X every Friday Saturday IniUi at the Poolside Tee-Off Cafe is[]n%U W J HSB' between 6.30pm to IO.OOpm |ITpkU| p|J If* Adult $13.50 Child $7.50 AuNlflLJ [Siftf For reservations. please call Tee-Off Cafe ||U JJ J at
      90 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      177 27 Take the fast track to the future.- THE ERICSSON HOTLINE EH 97. The Ericsson HotLine EH 97 Handphone is The Only Handphone With Highpacked with so many exciting innovations, fidelity Sound It is built with a pressure it has been hailed as the forerunner of new chamber speaker the type
      177 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      303 28 Exclusive offer to Business Times JfIHBHIHIfc Executive Lifestyle readers WIN I the latest and H RflQfl handphones THREE LUCKY READERS will each get the Ericsson HotLine EH 97 handphone worth $1,699 No bigger than your palm and with a talk-time of 110 minutes, the Ericsson HotLine I handphone gives you
      303 words
    • Advertisement
      Page 28 Advertisements Column 2
      51 28 r&JCh a nertet for choice jobs/ J Any job. any Career. Available any day. 4% ANY t,me ANYWHERE. *1 TMS S'" Tint THI .UNOAT 1 —«t BIJ*I>IH TIHCS 1/ 1 X/Tl |7JI I Tin N«W Ptrtl) UANHE ZAO«AO LIANHC WUMAO J/V JAS Shin Min Daily Niwi Bkrita kam ian bckita
      51 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      55 29 bbbe?^'«# v .l I $888*/$ Jo^U V| The country's special appeal lies in its unique combination of wildlife sanctuaries, glorious H beaches, breotMaking scenery, agreeable climate, sophisticated accommodation, and a t 8 Direct Flight/All Sightseeing/Full Day Game Viewing/All Meals/ fl Exclusive Logde Accommodation Cosmopolitan Nairobi/Amboseij V. S *Vw*. tu*+m<* spwtmj
      55 words
    • Advertisement
      Page 29 Advertisements Column 2
      233 29 >JX> AN mm M rr bßi ML* It's Quick and Easy. Get instant H I cash for your shares over the m counter at any of our 28 brandies. Use the loan for any purpose. Loans from $2,000 to $100,000. many of our customers HAVE ENJOYED THE BENEFITS! YOU CAN
      233 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      41 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 We km* Europe from atari to Finnish.
      41 words
    • Advertisement
      Page 31 Advertisements Column 2
      25 31 Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749 2577 for locations of nearest newsstands.
      25 words
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      Page 31 Advertisements Column 3
      73 31 i®l|jegi go to be a model? Mandy Chong wants to be a model. Arid she is willing to pose in anything. Well, nearly anything. Mandy tells all about her burning ambition. today. PkWnlwsV I I II II ■H ifchT^ I M M-: v jj»&. mm *****11 ftp-- H V I
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  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      210 31 el used as a charm (6) ¥1 Candy ie recycled is poi- 23 I I I I I p4 j^BIH 20 A man of no spirit and 1 BB 28 Journalists, despite receiving no backing, continue 8 Take tu s to chan 8 e neat YESTERDAY'S SOLUTION energetically (5,2) design
      210 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      166 31 Singapore Outlook: Showers over several areas in the late morning and afternoon. Report Maximum temperature 31.1 Assoc humidity 69% Minimum temperature 23.5 Assoc humidity 100% Hours of sunshine 6.40 Rainfall in mm 0.5 Rainfall this month 420.1 Rainy days this month 15 World report Asia-Pacific Hi/Lo* Cond. Auckland 19/10 Cloudy
      166 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      44 31 fTm<3 tsTHC_ripen-T.MT 1 PO**'f UE.T SMfi<e I nJUo THc: Pout -vcA ,N M Y UFC. I'W GOtuG"RD VNOvJ'D GR*.€-"PD CHGLKeD as.irc.roR work- J UnwteoTAKiW weoc...lT| tcvcro —y— W3E. VOU GO"K!G I WTO J 1 TM£, DRY UJttH a€^L y^ GH fePip" I t -w;
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      2017 32 TODAY'S TV ■KfTST 10.45 Italian Soccer 92/93 c ggj. (M Inter v Samp- J-Jf H?' 1.55 Vana S«ni (M). iliiqpi, 3.45pm, SBC 5 Carol and Company, 2.55pm, 11.45 close. 2.00 Drama PiWian (M). Brom and Marsha are a typi- SBC 5 I Smog^s cal .*mfddle-class couple who Middle-aged Agnes Pringle
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