The Business Times, 2 January 1993
1993-01-02
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The Business Times
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Title Section17 1993-01-02 1 Business Times MITA (P) 552/12/92 Weekend Edition, January 2-3 1993 THE BUSINESS PAPER FOR S-E ASIA 75*17 words
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NEWS & MARKETS
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71 1993-01-02 1 BANGKOK Vietnam's gross national product grew by between 7 and 7.5 per cent in 1992, the official Voice of Vietnam radio said yesterday. Industrial production grew by between 8.5 and 9 per cent and agricultural production by between 3.5 and 4 per cent,71 words
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Article75 1993-01-02 1 CALCUTTA Indian tea exports to Britain rose by 40 per cent in the first nine months of 1992 against the corresponding period last year. Tea industry sources said yesterday that India sold 14,521 tonnes of tea to Britain from January until September compared75 words
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Article40 1993-01-02 1 THE following markets were closed yesterday for New Year's Day: Australia, Belgium, Canada, China, Denmark, France, Germany, Hongkong, India, Japan, Malaysia, The Netherlands, New Zealand, Philippines, Singapore, South Korea, Switzerland, Taiwan, Thailand, United Kingdom and the United States.40 words
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Article32 1993-01-02 1 THE Kuala Lumpur Stock Exchange was again struck by a listing fever last year, with 46 companies going public and raising a whopping M 55.49 billion (553.46 billion). Page 232 words
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Article22 1993-01-02 1 MALAYSIAN Oxygen is looking forward to another year of growth and profitability with its increased production capacity Page 222 words
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Article51 1993-01-02 1 FOR the Hongkong banking sector, 1992 will be a tough act to follow in terms of profits. Analysts are divided as to whether profit growth levels for local banks will be maintained through this year, but the consensus is that 1993 will not top 1992 Page51 words
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Article34 1993-01-02 1 TRADE sanctions against the Khmer Rouge came into effect yesterday, one day after the guerilla faction launched its most serious attack on UN peacekeepers since they were deployed in Cambodia. Page 434 words
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Article52 1993-01-02 1 MALAYSIA has the distinction of securing the highest placing in the World Economic Forum Report 1992, which ranks national economies according to the strength of the government's role in them over the past five years, Deputy Minister of International Trade and Industry Chua Jui Meng said52 words
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Article29 1993-01-02 1 CZECHS and Slovaks greeted the New Year as citizens of separate nations yesterday and their celebrations were tinged with regrets for the death of Czechoslovakia. PageS29 words
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Article, Illustration26 1993-01-02 1 Thursday Change BT-MGA 711.22 +3.78 Kuala Lumpur ....643.96 1.3 Tokyo closed Hongkong 5,512.39 +44.5 Sydney 1.549.9 +11.7 New York 3,301.11 -19.99 London 2,846.5 +14.026 words
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593 1993-01-02 1 Sangeeta Mulchand - Most will maintain room rates as competition remains stiff By Sangeeta Mulchand SINGAPORE Singapore hoteliers are maintaining room rates for the second year running, with only a handful introducing cautious rises of under 10 per cent. Competition continues to be stiff, and hotels593 words
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343 1993-01-02 1 Helen Chang - By Helen Chang SINGAPORE Another Hongkong company is using its Singapore subsidiary to invest in projects in China. Best Wide Development (S) Pte Ltd will put US$lOB million (S$ 177.12 million) into two projects in China's Shijiazhuang city, capital343 words
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Article, Illustration300 1993-01-02 1 Reuter HONGKONG Twenty young New Year's revellers were trampled to death in 1993's first few moments as thousands of jubilant partygoers stampeded down a narrow, beer-slippery street in Hongkong's teeming entertainment district. Police watched helplessly for several desperate minutes, unableReuter - 300 words
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Article, Illustration438 1993-01-02 1 AFP, Reuter BANGKOK Thai Prime Minister Chuan Leekpai said he would not let corruption in his government become an excuse for a coup d'etat and anyone attempting to grab power through a putsch would be "put before a firing squad". Mr Chuan,AFP,; Reuter - 438 words
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Article, Illustration54 1993-01-02 1 THEY'RE as inevitable as income taxes. As eagerly awaited as Doomsday. Like it or not, the EL Turkey Awards are back with a vengeance, in a two-page special that acknowledges everything and everyone that could have made 1992 a wonderful year, but didn't. Check it out. You might54 words
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Article, Illustration78 1993-01-02 1 AFP MANILA President Fidel Ramos said yesterday that despite the health risks associated with them, he would hang on to his trademark cigars in order to promote Philippine tobacco products. "Smoking is really bad, but I keep smoking because this is one way to promote ourAFP - 78 words
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Page 1 Advertisements
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Advertisement71 1993-01-02 1 NiT SURE WHERE T® PUT Y©UR M@NEY? Get the answer in Personal Investment Finance. Every Saturday in Business Times. Business Times Aircraft Schedule 12 Company News 2 Cryptic Crossword 12 Financial News 3 Money Changer Rates 12 Regional News 4 Ships In Port 4 Sports 11 IV 4 Rad» 871 words
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Advertisement53 1993-01-02 1 Nine killed, hundreds hurt in Manila revelry, Fg 4 Did you get your BT yesterday? BUSINESS TIMES was published yesterday even though it was a public holiday. Subscribers who did not get their copy yesterday should receive it today. If you do not receive it, please call the toll-free line53 words
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Advertisement85 1993-01-02 1 `>)?%_[::.>/""_?)>.{^^~-~%.'`&} 1C HB^yt' fi j turfsM Self-winding *MARINh" wttck, witrr-reiiiUnt, individually numbered. In tribute to A.-L. Brejjuet appointment a* "Horlogcr de la Marine Royale* in 1815. Singapore: THE HOUR GLASS Luckv Plaza Tel. *****20/1 Scotts Tel *****27/7198 Centrepoint Tel *****98/603 Peninsula Plaza Tel *****09/*****63 Palais Renaissance Tel. *****62/543 Raffles Tel.85 words
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COMPANY NEWS
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COMPANY BRIEFS
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68 1993-01-02 2 WASHINGTON Matsushita Electric Corp of America will pay US$l.B million (552.95 million) to settle claims that Panasonic overcharged the US government for the purchase of typewriters and copiers, the Justice Department said on Thursday. The government alleged that Panasonic Communications and Systems Co, an unincorporated68 words
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Article92 1993-01-02 2 NEW YORK Bear Stearns lowered its 1993 and 1994 dollar earnings estimates for Smithkline Beecham pic, based on a strengthening in the US currency, and said the company's fundamentals remained strong. Market sources said yesterday that Bear Stearns maintained its sterling earnings estimates and its hold92 words
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Article77 1993-01-02 2 HONGKONG China trade specialist Leading Spirit (Holdings) is offering 84 million new shares and 21 million existing shares at HK$l (550.21) each for its stock market listing. The public offer, which opened on Thursday, includes one free warrant for every 10 shares. The company, which has77 words
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Article71 1993-01-02 2 PARAMARIBO Suriname's legislature has begun debate on an accord that would provide a more favourable exchange rate for the Dutch-owned bauxite firms operating here, the official Suriname News Agency reported. The preliminary accord reached with the government last week would allow the companies to exchange71 words
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Article71 1993-01-02 2 BONN The newly-merged German steel and engineering group Fried Krupp AG Hoesch-Krupp said on Thursday that it may omit its dividend for 1992, after pre-tax profits at the two formerly independent companies fell sharply in the first nine months. Krupp-Hoesch said in a statement that shareholders71 words
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Article67 1993-01-02 2 CAMDEN, Maine Eastman Kodak Co said it has agreed to sell its Centre for Creative Imaging to Brace Management Group for undisclosed terms. A closing date will be set for early March, Kodak said. The company opened the high-tech-nology education and training facility in Camden67 words
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217 1993-01-02 2 MBT KUALA LUMPUR Malaysian Oxygen (MOX) is looking forward to another year of growth and profitability with its increased production capacity. Three plants at Gebeng in Pahang, Muar in Johor, and Rawang in Selangor were commissioned last year. The new Pasir Gudang plant isMBT - 217 words
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287 1993-01-02 2 South China Morning Post HONGKONG New World Development will soon enter into a joint venture for its maiden commercial property project in Shenzhen, worth about 1.1 billion yuan (***** million). The project, on a 100,000 sq m site in the newly-devel-oped FutianSouth China Morning Post - 287 words
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792 1993-01-02 2 46 companies went public and raised M55.49b MBT KUALA LUMPUR The Kuala Lumpur Stock Exchange was again struck by listing fever last year, with 46 companies going public and raising a whopping M 55.49 billion (553.46 billion). Malaysian companies have been goingMBT - 792 words
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518 1993-01-02 2 Bloomberg LONDON Management buyouts, the sales of companies to their top executives, continue to thrive in Britain, bankers say, despite the country's bruising recession and because of it. Because of the recession, local stock markets are even less receptive to smaller companiesBloomberg - 518 words
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583 1993-01-02 2 Bloomberg WASHINGTON During the past two months, Westinghouse Electric Corp, Time Warner Inc, and American Express Co have announced they will revamp their boards of directors. In two of these cases, the changes are said to have come at the behest ofBloomberg - 583 words
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461 1993-01-02 2 Moiz Tyebally - By Moiz Tyebally SINGAPORE The Nasdaq Stock Market, on which many of America's high-tech companies and Singapore's Creative Technology are listed, set an all-time high last year in dollar volume and the number of units traded. This put Nasdaq in second461 words
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147 1993-01-02 2 Asahi TOKYO Reflecting the overall slump in the Japanese and world economy, the number of mergers and acquisitions involving Japanese firms in 1992 fell by 22.3 per cent from the previous year, according to a report released on Dec 30 by Yamaichi SecuritiesAsahi - 147 words
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Article, Illustration38 1993-01-02 2 COLOMBO Coca-cola and Pepsi Cola signs (above) adorn a large billboard at a Sri I>ankan marketplace. Both soft drink multinationals have begun an aggressive campaign after Pepsi re-entered the market here last month, ft38 words
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FINANCIAL NEWS
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498 1993-01-02 3 South China Morning Post HONGKONG For the local banking sector, 1992 will be a tough act to follow in terms of profits. Analysts are divided as to whether profit growth levels for local banks will be maintained through this year, butSouth China Morning Post - 498 words
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272 1993-01-02 3 Bloomberg TOKYO Taiheiyo Bank, a medium-sized regional bank threatened by massive real estate loans in default, has received about 60 billion yen (Ss79o million) in emergency funding from the Bank of Japan, the Yomiuri newspaper reported. The central bank loan matches anBloomberg - 272 words
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293 1993-01-02 3 FT LONDON Shareholders of Aachener Und Munchener Beteiligungs, one of Germany's largest insurers, voted overwhelmingly on Wednesday to approve the sale of its bank subsidiary, BFG Bank, to France's Credit Lyonnais. The shareholders also agreed by more than nine to one toFT - 293 words
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479 1993-01-02 3 Bloomberg NEW YORK Goldman. Sachs dominated municipal bond underwriting in 1992, managing 12.2 per cent of a record U*****.6 billion (*****.6 billion) of bonds sold, according to results for the year prepared by Securities Data Co/Bond Buyer. Goldman ranked first among underwriters,Bloomberg - 479 words
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SMALL CHANGE
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104 1993-01-02 3 TOKYO Japan's four major securities houses will apply to the Ministry of Finance to set up trust bank affiliates by the autumn, industry sources said on Thursday. The "Big Four" Nomura, Daiwa. Nikko and Yamaichi will establish the trust banks with capital104 words
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81 1993-01-02 3 ANKARA State-run Ziraat Bankasi. Turkey's biggest commercial bank, will set up five joint venture banks in the Russian Federation, Kazakhstan, Uzbekistan, Turkmenistan and Azerbaijan, the bank said. A Turkish government decree released on Thursday allowed Ziraat to form joint banking ventures in the Commonwealth81 words
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Article95 1993-01-02 3 WASHINGTON The United States said on Wednesday that it will contribute nearly US$2OO million (*****.7 million) to a new international fund to help Poland privatise its banking system. "This new fund will allow Poland to reform and privatise its banking sector, which should significantly95 words
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Article75 1993-01-02 3 ATLANTA The Federal Reserve Board has approved South Trust Corp's bid to acquire Prime Bank shares in a transaction currently valued at about US$36 million (5559.2 million), officials at Prime said. The merger still needs clearance from state banking regulators and shareholders. A Prime Bank spokesman75 words
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Article79 1993-01-02 3 PARIS Shareholders have approved in principle a doubling of the capital of French bank Banque La Henin, a unit of Cie de Suez, a La Henin spokesman said. The 559.6 million franc (S$ 166.7 million) capital increase will be paid up by La Henin's 89-per79 words
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Article55 1993-01-02 3 Bristol, Connecticut Eagle Financial Corp said it has received regulatory approval to combine its three savings bank units First Federal Savings Loan Association of Torrington, Bristol Federal Savings Bank and Danbury Federal Savings. With the combination. Eagle will operate its 17 banking offices under the55 words
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Page 3 Advertisements
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Advertisement8 1993-01-02 3 Going OUTSIDE To Give You More INSIGHT I8 words
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THE REGION
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NOTE BOOK
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Article72 1993-01-02 4 KUALA LUMPUR Consumer prices rose an average 4.7 per cent a month last year in the January-November period, from the corresponding months of 1991, because of price increases in all main categories. The Statistics Department said on Thursday that the November consumer price index,72 words
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Article67 1993-01-02 4 BANGKOK The Thai-European Community agreement on tapioca products should be extended to shield Thailand from the possibly severe impact of agricultural trade reform, the Thai ambassador to Brussels says. Danai Dulalamba's recommendation is based on fears that lower trade barriers and subsidies could erode the importance67 words
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Article57 1993-01-02 4 BEIJING China began the New Year yesterday with another attack on Hongkong governor Chris Patten's plan to democratise the territory, and lashed out at unnamed Western politicians for attempting to overthrow China's socialist system. The signed New Year's Day editorial in the state-run Guangming Daily attacked57 words
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Article58 1993-01-02 4 JAKARTA The government will limit the growth of rice production to between 2 and 3 per cent in 1993, following the oversupply of rice this year due to a very successful harvest. Minister of Agriculture Wardoyo said the oversupply was due to the increase in the rice58 words
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418 1993-01-02 4 South China Morning Post HONGKONG Crime, both violent and overall, dropped by about 5 per cent last year, despite some highprofile armed raids, the colony's Secretary for Security, Alistair Asprey, said earlier this week. Police tackled an average of 50 violentSouth China Morning Post - 418 words
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480 1993-01-02 4 Log exports from guerilla enclaves banned, oil supplies blocked Reuter PHNOM PENH Trade sanctions against the Khmer Rouge came into effect yesterday, one day after the guerilla faction launched its most serious attack on UN peacekeepers since they were deployed in Cambodia.Reuter - 480 words
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421 1993-01-02 4 AFP, Reuter KUALA LUMPUR The Sultan of Malaysia's Johor state yesterday urged his people to meet him at his palace in what is seen as an attempt to rally support against a government move to strip him and other rulersAFP,; Reuter - 421 words
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321 1993-01-02 4 AFP MANILA Nine people were killed and more than 800 injured here as Filipinos celebrated the New Year by setting off firecrackers and shooting guns into the air, hospitals, police and radio reports said here yesterday. Firecrackers are suspected of having touched oftAFP - 321 words
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191 1993-01-02 4 Bernama LABUAN The Federal Territory of Labuan has the potential to be both a tourist destination besides and an international offshore financial centre, Malaysian Prime Minister Mahathir Mohamad said yesterday. He said the island would be as attractive as Langkawi with the setting upBernama - 191 words
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SHIPS IN PORT
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Article358 1993-01-02 4 Vessel Voy Ho Berth fatal Ptphn Vessel Voy No Berth Arrival Oepartm Lady Anna 9209 P10 0201/0900 02.01/2300 niftwlfinn MaiuYHua 01/93 P04 01.01/1500 02.01/0200 BMdo 2 2091S M03 atongside Mataram 33WB P01 01.01/1500 0501/1900 1'" 1 2J JSJ jjjjf 0L0 2300 No «> orn Nare O 8358 words
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Article1231 1993-01-02 4 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SNp Voy Wo Containers n*able Ship Voy No Containers mMh N Crystal 10E 31.12 93 0800 p x Eagle 2S8 COO(EST) 01.01.93 1500 Sam Bay 06N 31.12.93 0825 63N COO(EST) 01.01.93 0700 Tanto Capita 927A 31.12.93 0825 JafU 57N COO(EST) 01.01.931,231 words
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THE WORLD
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Article, Illustration652 1993-01-02 5 Reuter PRAGUE Czechs and Slovaks greeted the New Year as citizens of separate nations yesterday and their celebrations were tinged with regrets for the death of Czechoslovakia. The 74-year-old state, founded from the ruins of World War 1, vanished into the history books atReuter - 652 words
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306 1993-01-02 5 NYT BRASILIA Two days after assuming office, Brazil's new president, Itamar Franco, has unveiled his economic programme, a package that will probably slow the country's move towards open, deregulated markets and an economy based on a low inflation rate. Concern forNYT - 306 words
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388 1993-01-02 5 AFP NEW DELHI Thousands of Afghan Hindus and Sikhs are pouring into India alleging persecution by the mujahedeen in one of the biggest influx of refugees from Afghanistan since the war there erupted more than a decade ago. More than 10,000AFP - 388 words
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232 1993-01-02 5 NYT BERLIN The wave of violence against foreigners in Germany is beginning to affect the economy, scaring away investors and tourists and endangering Berlin's bid to attract the Olympic Games in 2000, business leaders say. They are urging the government to takeNYT - 232 words
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225 1993-01-02 5 Reuter TOKYO A majority of Japanese think their country enjoys an affluent life, but an even larger percentage believes it is time to review the status quo, according to a poll conducted by the daily Asahi Shimbun. Responses to the surveyReuter - 225 words
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346 1993-01-02 5 Asahi KADOMA, Japan Towns and cities in western Japan that depend heavily on major corporations as their main source of tax revenues are suffering from a sharp drop in income as a result of the recession. Some of the municipalities are beingAsahi - 346 words
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WORLD WATCH
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80 1993-01-02 5 NEW DELHI India yesterday rebuffed a Pakistani request to slash the size of consular staff in Karachi in the latest diplomatic spat between the two old enemies, triggered by the destruction of an Indian mosque. The Indian foreign ministry called the Pakistani demand unacceptable80 words
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Article101 1993-01-02 5 AUGSBURG, Germany Cuts of 3 per cent in social welfare and in unemployment benefits are needed in Germany, Finance Minister Theo Waigel said on Thursday. In mid-December last year, the government said that it was considering making drastic cuts in social spending, particularly to finance101 words
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Article81 1993-01-02 5 DHAKA A bumper harvest and a lower inflation rate have helped stimulate Bangladesh's economy in 1992, but it is still plagued by low investment and growing unemployment, analysts said yesterday. The country had a record food harvest of 19 million tonnes of rice and one million81 words
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Article67 1993-01-02 5 TAIPEI Taiwan President Lee Teng-hui yesterday uirged the Beijing authorities to jointly share the great mission of China reunification and heal the wounds of history. "The Chinese communists should share the mission to work for the future of the Chinese people... the nation has to be67 words
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Article84 1993-01-02 5 BEIRUT The government said on Thursday that it would not allow the 415 Palestinians expelled by Israel two weeks ago to remain in southern Lebanon and rejected a French proposal that they be placed under the protection of UN peacekeepers in the area. President Elias Hrawi told84 words
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Article101 1993-01-02 5 SARAJEVO Leaders of Bosnia's warring factions made final preparations yesterday for their first face-to-face talks, perhaps the last chance of avoiding an escalation of strife in the Balkans. The meeting in Geneva this weekend follows an inconclusive visit to Sarajevo on Thursday by Boutros Bou-tros-Ghali,101 words
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Page 5 Advertisements
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Advertisement53 1993-01-02 5 JANUARY 1991 MEN AREWTS"" TH,NK I FoS G OVERJO's? NETWORKING AND jfijKdMfc DOING (T WELLI W y i EASY CHIC Ifi 1 1993'« b—t In clothes and hair X I 2 B 1 MARRIAGE REPORT I \i 11-PAGE SPECIAL SECTION. g ■■■■if 111 FOR COUPLESUNDCR STRESS J IC II ON53 words
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Executive Lifestyle
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Article, Illustration2688 1993-01-02 6 Failed to win any awards in 1992? All's not lost. See if you made it to our list of the memorably infamous THE 1992 TURKEY AWARDS SO YOU went through the whole of 1992 but didn't so much as receive a Noel hamper, much lessArtwork by Allan Chan - 2,688 words
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STRAWS IN THE WIND
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Article60 1993-01-02 6 THE irony of it all. In a bookshop in California, a sign at the cashier's counter said: "Open copy of Madonna's Sex available for viewing for adults at $1 per view. Proceeds to be donated to the Society for Battered Women." Talk about misguided intentions. They could help women60 words
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Article43 1993-01-02 6 PRINCESS Diana may well forget her problems about her royal status if she knew what merchants at the all-day bazaar near Centrepoint were doing during the Christmas season. They were using fullsized cardboard cut-outs of her as hangers for their clothes.43 words
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Article24 1993-01-02 6 THE chief engineer at Toyota Motor Corporation in Japan may have good reason to change his name he's called T Honda.24 words
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Article45 1993-01-02 6 IF YOU happen to be in Batam and are unfortunate enough to catch a cough or cold, check out a brand of throat lozenges called Sada Pastilles. Not only does it relieve your throat, the manufacturers claim it also relieves "Stench from the mouth".45 words
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Article28 1993-01-02 6 HERE'S a thought for the new year: We've been through the eighties, we're now into the nineties, what will the next decade be called the noughties?28 words
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Article632 1993-01-02 8 A Few Good Men. Tom Cruise as a navy lawyer who investigates a murder case. Orchard: 11; 3; 6.30; 9.30. Broadway 2 and Empress 3: 1; 3.30; 7; 9.30. Marina 1: 1; 3.30; 6.30; 9.30. Yishun 10: 9.40; 12.25; 3.10; 5.55; 8.40; 11.25. Midnight tonight at Orchard and Empress632 words
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LIFESTYLE
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Article, Illustration711 1993-01-02 9 Nirmal Ghosh - Nirmal Ghosh highlights some of the works at an exhibition of 20th century art Nirmal Ghosh THE first painting to strike my eye at the exhibition titled 20th Century Western Art was Gerard Schlosser's Mother and Daughter. And that's notwithstanding the fact that it is711 words
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Article, Illustration589 1993-01-02 9 RINGO LIEW - CD Review By RINGO LIEW 808 DYLAN: Good As I Been To You THE 1980s wasn't a good decade for Bob Dylan fans. A legend he may be, but Dylan's output during that period was anaemic and wobbly. Added to that, he made589 words
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EPICURE
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Article, Illustration573 1993-01-02 10 Nirmal Ghosh - Nirmal Ghosh sinks his teeth into Tony's tender ribs Nirmal Ghosh TONY Roma's has a pleasant and very American feel: bright, cheery and busy. A high ceiling contributes to the impression of space, and snappy banners hanging from it give the restaur rant a lively look. The restaurant573 words
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SPORTS
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Article655 1993-01-02 11 Miami and Alabama battle for the collegiate championship in the Sugar Bowl AP NEW ORLEANS Tide tradition vs Miami mystique. Power and predictability vs speed and showmanship. The team of the 1960s and 1970s vs the team of the 1980s and *****. Last night's SugarAP - 655 words
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450 1993-01-02 11 NYT NEW ORLEANS The green jacket is back in Miami, no doubt offending all the other clothing in the closet with its aroma of six years' worth of defensive end. "It's pretty funky," admitted Mark Caesar, the current custodian of the jacket, which has beenNYT - 450 words
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Article, Illustration111 1993-01-02 11 AFP PARIS A copy of a 1933 Mitsubishi (above), driven by French drivers Smulvici and Cuypers, starting off on the Paris-Da-kar Rally in front of the Eiffel Tower yesterday. The race began with the smallest field on record. Only 155 vehicles 46 motorbikes, 66 carsAFP - 111 words
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421 1993-01-02 11 AP SAO PAULO, Brazil Simon Chemwoyo of Kenya nipped defending champion Arturo Barios of Mexico and beat 11,000 other competitors on Thursday to win the 68th annual St Silvester road race here. The 24-year old Chemwoyo completed the 15-kilo-metre race inAP - 421 words
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Article, Illustration252 1993-01-02 11 AP PEBBLE BEACH, California Five players shot fourunder par 68s to share the first-round lead on Thursday in the U*****,000 (S$400,000) Pebble Beach Invitational golf tournament. Mark Brooks, Tom Lehman, Duffy Waldorf, Bruce Fleisher and Chuck Milne are tied atAP - 252 words
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SIDE LINES
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113 1993-01-02 11 PERTH Michael Stich and Steffi Graf will combine for the first time when they represent Germany in the Hopman Cup team tennis tournament, which begins today. Stich will be playing for the first time since his victory in the Grand Slam Cup in113 words
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Article110 1993-01-02 11 NEW YORK Jimmy Connors has his sights in a seniors tennis tour. Said the 40-year-old Connors: "The most important thing is that all the players are interested in making this happen Nastase, Borg, Vilas, Clerc, Tanner, all the players I grew up with. The key110 words
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Article90 1993-01-02 11 CALIFORNIA CITY, California One Japanese skydiver was killed and another critically injured on Thursday after they collided in mid-air and their parachutes failed to open fully. The men were identified as Japanese nationals who had flown in a plane operated by the California City Skydive Club.90 words
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Article95 1993-01-02 11 Mutwol Bayisa showdown DURHAM, England John Ngugi's withdrawal from today's World Cross Challenge race here has lined up a showdown between Olympic bronze medallist William Mutwol and Fita Bayisa. Mutwol, the late replacement for fellow Kenyan Ngugi, was runner-up to the five-time world champion in Boston last year as well95 words
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Article111 1993-01-02 11 GARMISCH-PARTENKIRCHEN, Germany Japan's ski-jumping resurgence continued on Thursday, as its team placed three athletes among the top five in training for yesterday's second event of the 41st Four Hills Tour. Noriaki Kasai surpassed the Olympic Hills K-point by half a metre with a 107.5-meter leap111 words
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Article65 1993-01-02 11 ORCHARD PARK, New York The Buffalo Bills have announced strict crowd control measures aimed at curbing boisterous fans at tomorrow's National Football League playoff game against Houston. General manager Bill Polian said on Wednesday that the Bills won't tolerate a repeat of the team's last65 words
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308 1993-01-02 11 AP INGLEWOOD, California The Los Angeles Kings are coming back to earth with a thud. They opened the season with 19 victories and three ties in their first 29 games, and at one point were at the top of the American NationalAP - 308 words
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TRAVEL
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Article, Illustration702 1993-01-02 12 Nicholas Woodsworth - LETTER FROM VIENNA By Nicholas Woodsworth THERE is something peculiar about walking through an old city late at night. Go there in the day and the eye and ear are claimed by the present crowds, cars, clamour and movement keep the past concealed. Go702 words
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Page 6 Advertisements
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Advertisement85 1993-01-02 6 I SHARE lOAftl I The a±44 way of turning shares into 9 I CU±A on (A*> #1 IHONQ LEONQ FMANCC UMITEO MONK HNAMCf UMTCDI Ihl,*, *****33 *****33 L n 1 The Etecu&ve Housekeeper -this hotel I o vv I/. I I wants is me. Bob I'll never neglect I ANY85 words
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Page 8 Miscellaneous
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Miscellaneous2084 1993-01-02 8 TODAY'S TV 11.00 Kids TV. 11[li'iI 11.30 Prain of Nature. i i 12.00 nnnows(M). Seputih Kasih Semerah Luka, Wonders In China, 9am, SBC 8 MB 12.30 PM TV Pendidikan (M). New on the customs Kelab Remaja AngkasaThis 1988 production chroni- scenery, arts and religions of puri(M, L). cles a descent2,084 words
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Miscellaneous595 1993-01-02 8 MOVIES ON TV Chronideo of Yours Indiana found in the Russian sector, Jones, Mod, 8.30pm, TV 2 so Julian Sands (Russian cop) A light hearted film about the an< Brigitte Nielsen (Nasa violent archaeologist as a C °P) investigate. While youngster. How did he sur- checking the clues, she also595 words
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Page 9 Advertisements
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Advertisement179 1993-01-02 9 FOR MORE THAN 2000 YEARS, MAN HAS BEEN SEARCHING FOR THE PERFECT LIVE EXPERIENCE. NOW BANG OLUFSEN BRINGS IT INTO YOUR LIVING ROOM. M —~^!r^^BKgagg»sßJ==l^^B H vB/fljE Bro M Si W a x M &ttfl jHsg: >^v 4& fi-.T* /v- -v... -v IBk^"/" 7 v J "t- v I Bfe179 words
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Page 10 Advertisements
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Advertisement836 1993-01-02 10 MmHiittg Bftate A Bud. [FVffinfll where to wine, dine OF genuine penang fare LET OUR PENANG GHEF INTRODUCE HERNEW RECIPES AT THE NEWLY RENOVATTO PRITiCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE II MEALS AT CAFE PRICES. OR LIGHT SNACKS WITH j GOOD FRIENDS. If836 words
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Page 11 Advertisements
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Advertisement200 1993-01-02 11 AND ENTERTAIN tJLvGi-ter Supreme Fresh Lobster grilled to perfection and accompanied by our classic Caesar salad A January special at $60 For dinner only 7.00 pm to 10.30 pm ANAHOra For reservations, pleue call SINGAPORE 732-1232 extension 1700 ""SKS.'Sm 7) DID YOU HEAR WHAT I HEARD? Unbelievable! From an octopus200 words
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Advertisement96 1993-01-02 11 at NISHIKI —i—■————~—■ ISI to 31 St Jail (exrtfM 22ikI~(Uiv¥t. 23rd tr 24th k*» Specially prepared by our Japanese Chef in four different delicious ways: Deep Fried Tempura. grilled with salt or Teriyaki Sauce. Hot Plate Teppanyaki or Claypan Tobanyaki. Available at only $7 per lOOgm for lunch and dinner.96 words
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Article1240 1993-01-02 12 at* FUgfct ETA Flight FTD Ctty Flight ETA FHght _ETO SOI 11 1705 SQ112 1530 AMiDtaM GA970 0010 0R 2 18 1710 MH612 1545 GA976 0025 SQ113 1750 MH631 1615 MMM4* SQ228 2015 SQ671 1810 SQ114 1700 MH644 1825 MH614 1715 RJ187 01 30 MH617 18551,240 words
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Article151 1993-01-02 12 As at 10am yesterday: Locml dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1232 1.1400 Canadian dollar 1.2791 1.3050 NZ dollar 0.8335 0.8672 Sterling pound 2.4632 2.5000 US dollar 1.6350 1.6450 Local dollars to 100 units of foreign currency Austrian schilling 14.31151 words
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Article128 1993-01-02 12 Duration Title Venue Organiser Tel Feb 14-16 London Menswear Earls Court. Philbeach Events 071-*****17 London Feb 16-16 London Show London Blenheim Premier 071-*****22 Feb 16-17 The 1993 Pan Lisbon. Tama Starley. 071-*****14 European Digital Portugal IBC Technical Cellular Radio Services Conference Feb 20-28 Boat. Caravan Birmingham Birmingham128 words
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Page 12 Advertisements
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Advertisement47 1993-01-02 12 Fly Finnair's new MD-11 the world's most technologically advanced aircraft Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. know the world from start to Finnish.47 words
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Advertisement7 1993-01-02 12 Advertising Marketing in Business Times every Thursday7 words
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Advertisement814 1993-01-02 12 B IN E S S TIME S riiLi.-hKtK TEL. No. 1-800-737 0043 FAX:734 369S ELBRU INVESTMENT PTE LTD (Incorporated In Singapore) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of EJbiru Investment Pie Ltd duly convened and held at 10Jaian Besar *13-08/08 Singapore 0820 on Monday, 28th814 words
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Advertisement294 1993-01-02 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUEN MEI INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTIONS [Pursuant to Section 290(2) (b)l At an Extraordinary General Meeting of the company held on 31st December 1992 at 49 Jalan Pemimpin, #09-00294 words
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Page 12 Miscellaneous
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Miscellaneous191 1993-01-02 12 30 Theidea^^ the middle of the day (6) er minister with acknowl- 25 Report about change (t>) 31 One entrant's possibly put edgements of indebtedness 26 Quarters in general finding on the spot (9) (9) a tenant (6) 8 An alien without money .rmnirc cAiimny can become a killer (9)191 words
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Miscellaneous132 1993-01-02 12 WEATHER Singapore Outlook: Showers over several areas in the afternoon. Report Maximum temperature 30.1 Assoc humidity 67% Minimum temperature 23.5 Assoc humidity 99% Hours of sunshine 4.60 Rainfall in mm 4.1 Rainfall this month 4.1 Rainy days this month 1 Work! report Asia-Pacific Hi/Lo* Cond. Auckland unav Bangkok 32/23 Beijing132 words
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Miscellaneous14 1993-01-02 12 r KHOWJ OHKT -nWKifJG BOT cftUme Perry'S (JJSTED y M40 A ASSOCIATED LTD, 1MMM214 words
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PERSONAL FINANCE & INVESTMENT
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Article, Illustration797 1993-01-02 13 Shoeb Kagda - Despite the current woes of the computer industry, the long-term outlook for technology stocks is bright, reports Shoeb Kagda Shoeb Kagda During the past two years, the most telling indicator of the health of the computer industry has been the fast declining fortunes797 words
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Article, Illustration588 1993-01-02 13 Chew Eng Han - OJART By Chew Eng Han The writer is the assistant manager of investments at NTUC Income THE Straits Times Industrials Index is ready to set record highs in 1993. After several unsuccessful attempts over the past three years, the588 words
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Page 13 Advertisements
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Advertisement258 1993-01-02 13 I Someone dose has been Rving Your son in Canada is studying for some years. overeeasT Wvedvenw ■H *sr Cfisr KmlM§fl want mm The Straits Times HnUm=g|H close to home Weekly tells it better. -with news (He might from home. comeback after reading all the good news.) To your principals258 words
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Article, Illustration497 1993-01-02 14 But foot-dragging stands in the way of a borderless Europe Reuter BRUSSELS Thousands of beacons and bonfires were lit across the 12 European Community nations at midnight local time yesterday to mark the birth of a single market of 345 million people, withReuter - 497 words
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293 1993-01-02 14 UPI BEIJING Acknowledging government concern over rapid growth and inflation, the state-run press warned yesterday that China will need more caution and control in the new year to prevent its reform-driven boom from overheating the economy. "The situation is good, but overheating should beUPI - 293 words
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330 1993-01-02 14 NYT NEW YORK A decade after American schools began efforts to improve math education in public schools, students still lag significantly behind their peers in Japan and Taiwan. According to a study published in yesterday's issue of Science magazine, the results were distressing,NYT - 330 words
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309 1993-01-02 14 NYT TOKYO Presidents of 223 companies listed on the Tokyo Stock Exchange stepped down during 1992, most taking responsibility for deteriorating business performance or for business scandals, the private research organisation Wako Research Institute of Economics has found. Because corporate executivesNYT - 309 words
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237 1993-01-02 14 Renter BOMBAY India has approved a US$2.2 billion (553.6 billion) power project by Enron Corp of the US, opening its power sector to foreign companies for the first time to help overcome energy shortages. A senior official said yesterday that the 1,920-mega-wattRenter - 237 words
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436 1993-01-02 14 Reuter TOKYO Prime Minister Kiichi Miyazawa, facing financial and trade troubles in 1993, pledged in a New Year address to revive Japan's stagnant economy and not to give in to pressure to open the rice market to imports. Mr Miyazawa, in remarksReuter - 436 words
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359 1993-01-02 14 Bloomberg LONDON Prime Minister John Major has delivered an upbeat and low-tax New Year message to his ruling Conservative Party activists. He delivered the message as he lit a beacon bonfire in the City of London on the stroke of midnightBloomberg - 359 words
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SINGAPORE ROUNDUP
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Article, Illustration65 1993-01-02 14 LAM PECK HENG will be Singapore's next High Commissioner to India. Mr Lam, 54, was Charge d'Afiaires of the Singapore Embassy in Yangon, Myanmar, up to November last year. Like his predecessor, Michael Cheok Po Chuan, Mr Lam will have concurrent accreditation to Bangladesh,65 words
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Article111 1993-01-02 14 FOREIGN Affairs Minister Wong Kan Seng has urged younger Singaporeans to "work as a team for the good of Singapore" and "not indulge in confrontational politics which will polarise our people". Mr Wong, who is also deputy chairman of the People's Association, highlighted the dangers111 words
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Article46 1993-01-02 14 SINGAPORE AIRLINES' subsidiary Silk Air will launch scheduled flights to Kunming, Yunnan, tomorrow, taking advantage of the expanded air services agreement Singapore and China sealed in late-November. There will be two flights a week, one on Wednesday and the other on Sunday.46 words
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Article70 1993-01-02 14 MOTORISTS who have unused Urban Redevelopment Authority or Housing Development Board parking coupons valid for 1991/92 have until Mar 31 to exchange them for new ones of the same value. The old coupons became invalid yesterday. Motorists can get new coupons in exchange for old ones at70 words
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Article76 1993-01-02 14 THE National University of Singapore is organising a public lecture on the North American Free Trade Agreement (Nafta) and other free trade agreements. The lecture will be delivered by Richard Lipsey, professor of economics at the Simon Fraser University in Canada, on Jan 12 at76 words
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Article84 1993-01-02 14 SINGAPORE will play host for the first time to a gathering of university administrators from around the world who will look at managing quality and the value in higher education. About 204 delegates from more than 40 countries are expected to take part in this gathering, the84 words
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209 1993-01-02 14 Reuter SEOUL South Korean President-elect Kim Young Sam said yesterday that his most urgent task this year would be reviving the country's economy. "It is urgent, first of all, to turn around the stagnating economy. I believe the nation can be revitalised onlyReuter - 209 words
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Article, Illustration53 1993-01-02 14 NEW YORK I houtands of cheering people ushered in 1993 is New York's Times Square on the stroke of midnight tor the firtf time in *5 vearv special effects. balloons. a light show and wares of confetti were added to the Canons l imes Sqnnv* Wmerin®53 words
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Page 14 Advertisements
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Advertisement5 1993-01-02 14 Every Saturdaym Business Times mmmmmmmammmmmmmmmmaaamammmmammmmmmmmmammaM5 words
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Advertisement5 1993-01-02 14 Every Saturday in Business Times5 words
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