The Business Times, 30 January 1993
1993-01-30
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The Business Times
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Title Section16 1993-01-30 1 SINGAPORE Business Times WE MOW ASIA MITA (P) 552/12/92 Weekend Edition. January 30-31 1993 75 c16 words
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520 1993-01-30 1 S N Vasuki - By S N Vasuki SINGAPORE Japan's big four stockbroking firms expect this year's giant Singapore Telecom privatisation to attract keen interest among Japanese institutional and retail investors. The big four Nomura, Daiwa, Nikko and Yamaichi having lost out in their520 words
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Article, Illustration528 1993-01-30 1 Genevieve Cua - By Genevieve Cua COOPERATION between Singapore and Indonesia went a big step further yesterday with the signing of a joint agreement to develop the water resources of Sumatra's Kampar River Basin. The aim is to supply Kampar Basin water to Singapore and528 words
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455 1993-01-30 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Taiwan should help China modernise and industrialise because this will make it easier to settle their political problems. Senior Minister Lcc Kuan Yew has said. Widespread pcoplc-to-pcoplc contact would be fostered which would bring about better understanding455 words
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253 1993-01-30 1 Reuter Bernama KUALA LUMPUR Future generations of Malaysians may not want to retain the country's constitutional monarchy. Prime Minister Mahathir Mohamad said yesterday. There was no way of knowing how the future generation would think although the present government has given an assuranceReuter; Bernama - 253 words
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112 1993-01-30 1 Reuter WASHINGTON The head of the US Senate energy panel on Thursday proposed an oil tariff that could raise the pricc of imported crude by 20 per cent. The Bill aims to raise government revenues, cut consumption and boost domestic production. PresidentReuter - 112 words
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359 1993-01-30 1 AFP TOKYO In jts first antidumping action ever, Japan has imposed punitive tariffs on imports from China, its fifihbiggest trading partner and one of the few countries to enjoy a surplus with Tokyo. The penalty duties were applied on importsAFP - 359 words
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43 1993-01-30 1 SINGAPORE After two days of hesitation the Straits Times Industrials Index finally broke its all-time record yester- day. It closed 21.93 points higher at 1,620.16, decisively above its last high on March 27, 1990. Full report, Pg 1243 words
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2am LATEST
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86 1993-01-30 1 AP MANILA The Philippine Supreme Court yesterday ordered a partial recount of votes cast in last year's presidential election after the run-ner-up to President Fidel Ramos alleged fraud in the balloting. The tribunal ordered a recount starting Feb 9 in three of the 74AP - 86 words
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71 1993-01-30 1 Reuter OTTAWA Canada said yesterday that six countries had dumped hot-rolled steel products at less than fair prices and set immediate punitive duties on them. Revenue Canada, a government agency, said it had made a preliminary determination of dumping by Germany, France, Italy,Reuter - 71 words
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Article60 1993-01-30 1 AFP TUNIS PLO chicf Yasser Arafat met here yesterday with Israeli Labour MP Yacl Dayan in the first such public encounter with an Israeli legislator after Israel lifted a ban on contacts with his organisation. Mr Arafat received the daughter of the late dcfcncc ministerAFP - 60 words
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Article, Illustration123 1993-01-30 1 Source: Bridge Info Stock market indices t-rida) C hangc Sill 1.620.16 +21.93 KLSE Composite 624.49 6 08 Nikkei 17.023.78 -39.63 MangScng 5.751 40 -53.1 SET Index 974 48 -0 06 Jakarta Composite ...280.15 +2.72 CLSA t hina B 1.342.25 2.44 Aust All Ord 1.528.2 H.5 FISE 100 2.807.2Source: Bridge Info - 123 words
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Page 1 Advertisements
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Advertisement6 1993-01-30 1 Business!? Every Monday in Business Times6 words
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Advertisement28 1993-01-30 1 Personal Finance Investment NZS worth a nam at current levels, el s Bintan estate already attracting first firms, Pr 2 I x'c's comments on world leaders, Pg 228 words
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Advertisement204 1993-01-30 1 Conversations at Raffles IPC's Patrick Ngiam el j This watch belongs to the /jrj collection of antique watches at Rolex Geneva. The great tradition of the watchmakers of Geneva is preJfEßserved in the creation of a uniQ ue watch: The Rolex Oyster. The case of each Oyster necessitates 162 skilful204 words
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Advertisement13 1993-01-30 1 Hock ja M M'sian hwhtyss: politics avw/ial Pg s Full report, Pg 1213 words
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Advertisement58 1993-01-30 1 BusinesslT Every Monday in Business Times CONTENTS Companies S pore News 2 SporeMaa 5.6 Regional News 3 Financial World News 4 Features Markets Opinions EL2 Qob/KLSE. SES 11.12 Epicure aiO 9 Sports 13.14 Wortd 9 IV lifestyle ai2 Currencies i Regional focus 15 S«w« CommoAtes 8 Subscription Tel 1800 *****7758 words
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SINGAPORE NEWS
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406 1993-01-30 2 Genevieve Cua - By Genevieve Cua THE first stone for the sprawling Bintan industrial estate has yet to be laid. But the park has already attracted "at least five" letters of intent to invest from homegrown companies in the garment and furniture industries. Goh Song How,406 words
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410 1993-01-30 2 Chuang Peck Ming - By Chuang Peck Ming THE late Chinese leader Mao Zedong was a great guerilla fighter and military strategist but a very poor builder of a country. Senior Minister Lee Kuan Yew has said in an interview with a Taiwanese newspaper. On the other410 words
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302 1993-01-30 2 Lilian Ang - By Lilian Ang THE chemicals sector continued to be plagued by weak market conditions in the last three months of 1992, with no sign of improvement in the first half of this year. A Singapore Chemical Industries Council's (SCIC) report released yesterday showed302 words
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Article, Illustration142 1993-01-30 2 Arthur Lee - Photo and text by Arthur Lee MANY PEOPLE stop by this shop in Market Street after lunch. But dessert is the last thing they are thinking of. What is on their mind is worth queuing up for a chance to win big bucks. The queue142 words
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304 1993-01-30 2 ANGLO-DUTCH oil major Shell is building a new $63 million plant that will help protect the environment by reducing the amount of sulphur dioxide emission at its Pulau Bukom refinery. The plant, the first of its kind in South-east Asia,304 words
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205 1993-01-30 2 THE redevelopment of Tan Tock Seng Hospital is expected to free more than 20 hectares of government-owned land for residential development. And market sources estimate that this could lead to as many as 2.300 condominium units when the land205 words
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276 1993-01-30 2 Sylvia Wong - By Sylvia Wong SALES of residential and commercial land brought the Urban Redevelopment Authority SiBs million in the financial year ended March 1992. The URA's annual report, released yesterday, said that four of the nine sales during the year involved conservation properties276 words
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160 1993-01-30 2 THE Housing Development Board's net operating deficit trebled to $345 million in the financial year to March 1992. In its latest annual report, released yesterday, the HDB said the increase in deficit was due mainly to bigger losses on the sale and rent160 words
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Page 2 Advertisements
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Advertisement845 1993-01-30 2 JBL Indian Bank <Wholl\ owned b\ Government of India) Head Office: 31, Rajaji SaJai, Madras 600 001, India BALANCE SHEET AS AT 31ST MARCH 1991 CAPITAL LIABILITIES i R s P PROPERTY ASSETS Capital (Wholly-owned b> the Govt, of India! 118,00,00,000.00 Cash in hand with Resene Bank of India State845 words
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Advertisement158 1993-01-30 2 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 Ejr l INTERNATIONAL STOCKBROKING I=s We are a dynamic and growing regional stockbroking and financial services group, active in Asian equity markets. Our clients are major international fund managers and financial institutions. INSTITUTIONAL SALES We intend to further expand our sales158 words
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THE REGION
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487 1993-01-30 3 Leslie Lopez - Solution will be step-by-step process, he says From Leslie Lopez in KUALA LUMPUR PHILIPPINE President Fidel Ramos said yesterday his country hoped that increased trade and economic links with Malaysia would offer a "new approach" to the settlement of487 words
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384 1993-01-30 3 Shoeb Kagda - From Shoeb Kagda in JAKARTA AMERICA'S seven southern states, long regarded as economic backwaters, are keen to establish economic and strategic ties with South-east Asian nations, Asean's new secretarygeneral said yesterday. Ajit Singh said that Arkansas, the home state384 words
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Article, Illustration312 1993-01-30 3 Shoeb Kagda - From Shoeb Kagda in JAKARTA INDONESIA'S Chief of Armed Forces, General Try Sustrino, left yesterday morning for the Philippines and Brunei to meet his counterparts in the two countiies in what appears to be farewell calls. The visits312 words
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208 1993-01-30 3 AFP HONGKONG A new Chi-na-controlled magazine has warned that Hongkong's vibrant economy could be damaged if Governor Chris Patten keeps antagonising Beijing with democratic reform proposals for the territory. In its debut issue previewed yesterday, the new Chinaowned monthly magazine Hongkong AndAFP - 208 words
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303 1993-01-30 3 Knight-Ridder BANGKOK Thai government market intervention has boosted local prices of paddy unmilled rice and rice, particularly high grades, a Thai government statement said. High-grade 5-per cent paddy traded last Friday at 3,500 baht to 3,600 baht per tonne, up 150 fromKnight-Ridder - 303 words
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591 1993-01-30 3 Stephen Vines - The Cathay Pacific strike From Stephen Vines in HONGKONG AS A dwindling band of strikers stick it out on the picket line, Hongkong's Cathay Pacific Airways is counting the cost of the 17-day flight attendants' dispute and scrambling together a strategy to591 words
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Article, Illustration31 1993-01-30 3 BAOJI, China Certainly, this is not a scene from an Oliver Twist movie. There's more where this lot came from at this outdoor kitchen in China's central Shaanxi province.31 words
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ASIA NOTES
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Article102 1993-01-30 3 Bernama JITRA, Kedah Malaysian Prime Minister Mahathir Mohamad, who is also Umno president, said he stopped his family members from being active in Umno to avoid possible allegations that he wants to create a "Mahathir dynasty" in the party. He also said there wereBernama - 102 words
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62 1993-01-30 3 Reuter TAIPEI Dissident ruling party deputies in Taiwan's National Assembly joined forces with the opposition yesterday to propose a motion demanding the resignation of Premier Hau Pei-tsun. More than 50 deputies in the ruling Nationalist Party and the main opposition Democratic Progressive Party signedReuter - 62 words
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90 1993-01-30 3 AFP TOKYO Japan has urged the Myanmar junta to transfer power to a civilian government and to improve its human rights record, the foreign ministry said yesterday. Tadashi Ikeda, heading the ministry s Asian Affairs Bureau, called in Myanmar Ambassador U Thein Han on ThursdayAFP - 90 words
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Article76 1993-01-30 3 AFP SINGAPORE Eighty-six Vietnamese boat people stranded in Singapore for about two years will have to return home after failing screening tests for resettlement, a UN official said yesterday. "They are not refugees and they are not in danger. They left Vietnam not forAFP - 76 words
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72 1993-01-30 3 AFP BANGKOK Booming exports narrowed Thailand's trade deficit to US$B.7 billion (5514.2 billion) in 1992, US$l.l billion down from 1991, according to Bank of Thailand figures published here yesterday. The figures showed a 16 per cent surge in exports, while imports grew by onlyAFP - 72 words
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Article68 1993-01-30 3 AFP BANGKOK Saudi Arabia, four of whose embassy officials have been killed here, may close its Bangkok mission in a few days because of what it considers to be a serious lack of security, a Saudi official said yesterday. The embassy official declined to elaborate,AFP - 68 words
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386 1993-01-30 3 Salil Tripathi - From Salil Tripathi in BOMBAY BRITISH Prime Minister John Major announced at a dinner with elite Indian business executives and corporate chairmen on Thursday that Indian authorities have decided to award to Anglo-French group GECAlsthom a contract to link the electricity networks of386 words
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649 1993-01-30 3 Andrew Cooke - Rice price support measures said to be too selective to be effective From Andrew Cooke in BANGKOK BEFORE yesterday's government statement on a revival in rice prices, the Chuan Leekpai Administration had come under heavy pressure to better protect Thai farmers. The government's649 words
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Page 3 Advertisements
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Advertisement10 1993-01-30 3 British Aerospace to sell Saudis 48 Tornado jets, Fg 610 words
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THE WORLD
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WORLD WATCH
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102 1993-01-30 4 AP JERUSALEM Israel may repatriate dozens of the almost 400 Palestinians it deported to south Lebanon in a review of their eases ordered by Prime Minister Yitzhak Rabin, media reports said yesterday. Sueh a step would be part of a new Israeli diplomatic offensive to blockAP - 102 words
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71 1993-01-30 4 Reuter OTTAWA Canada's real gross domestic product, seasonally adjusted and at factor cost, fell 0.1 per cent in November, after a previously reported 0.2 per cent rise in October, Statistics Canada said. Goods producers boosted output by 0.2 per cent but this was outweighedReuter - 71 words
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49 1993-01-30 4 AFP BEIJING The Chinese government expressed satisfaction yesterday with Germany's refusal to sell warships to Taiwan. "We welcome the decision the German government has made not to approve the sales of weapons to Taiwan," the Xinhua news agency quoted an official spokesman as saying. AFPAFP - 49 words
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61 1993-01-30 4 Reuter LONDON A Parliamentary committee said the British government should provide a subsidy to electricity generators to burn up to an extra 16 million tonnes of deep-mined coal per annum. The Trade and Industry Committee said the government should also consider helping British Coal sellReuter - 61 words
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72 1993-01-30 4 AFP PARIS South African author Andre Brink, whose anti-apart-heid stance once earned him a government censure, warned in an interview that violence had taken country close to civil war, but that he was optimistic reason would prevail. "We are on the brink ofAFP - 72 words
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288 1993-01-30 4 NYT NEW YORK University of California students in Los Angeles and Berkeley are working separately to produce America's first two journals that will focus on legal issues of concern to Asian Americans. The undertakings reflect in part the growth in theNYT - 288 words
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620 1993-01-30 4 Reuter WASHINGTON The proposal for an oil tariff that could hike the price of imported crude by 20 per cent threatens to hurt American consumers and could be politically unpopular. analysts say. The Bill, introduced by Senator Bennett Johnston, wouldReuter - 620 words
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Article, Illustration50 1993-01-30 4 Reuter KISMAVO, Somalia US soldiers sleeping in hammocks in a military plane on Thursday on their way to Mogadishu They will rest for a few days in the Somali capital before going back to the south where fighting occurred with Somalimilitias four days ago. ReuterReuter - 50 words
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Article, Illustration294 1993-01-30 4 Reuter MOSCOW The Russian parliamentary leadership challenged President Boris Yeltsin yesterday by proposing early presidential and parliamentary elections in spring 1994, ItarTass news agency said. The parliament's presidium led by Chairman Ruslan Khasbulatov. Mr Yeltsin's conservative archrival, agreed to ask the full legislature toReuter - 294 words
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264 1993-01-30 4 Reuter JERUSALEM Prime Minister Yitzhak Rabin's victory in a legal challenge to his deportation of more than 400 Palestinians may herald a stinging UN defeat. Israel's High Court on Thursday unanimously upheld the government's expulsion of the Palestinians, putting theReuter - 264 words
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422 1993-01-30 4 Reuter FRANKFURT Strong west German inflation, one factor behind the country's high short-term interest rates, could fall to three per cent by the end of 1993, Bundesbank president Helmut Schlesinger said. "I hope inflation will have a three (before the decimal point)Reuter - 422 words
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418 1993-01-30 4 Reuter PARIS The French government said on Thursday it would complain to the European Community about a decision by the US company Hoover to switch vacuum cleaner production from France to Scotland, where labour is cheaper. "Hoover's move from Dijon toReuter - 418 words
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Article, Illustration956 1993-01-30 4 Neville Stack - From Neville Stack in LONDON EVEN prime ministers arc entitled to defend their good name. And at Westminster yesterday, John Major's supporters were whole-heartedly backing his decision to act against two magazines which published a rumour about his private life. But956 words
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COMPANIES & MARKETS
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518 1993-01-30 5 SIA offered Air China stake, Yunnan Airlines seeks help to expand airport Reuter SINGAPORE Fledgling regional Chinese airlines are hoping to attract Singapore Airlines (SIA) to be a partner in the air as relations between Singapore and China rapidly improve, industry'Reuter - 518 words
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313 1993-01-30 5 MMC Engineering, Leader sign accords for various ventures MBT KUALA LUMPUR Two Malaysian companies, MMC Engineering Services and Leader Universal Holdings, yesterday signed agreements with their Philippine counterparts for various ventures in the Philippines. MMC Engineering Services signed a memorandum of understanding with twoMBT - 313 words
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308 1993-01-30 5 SINGAPORE Malayan Banking shares surged on both sides of the Causeway yesterday after the group announced better-than-expected interim results. The stock firmed 60 sen from Thursday's close to M 59.65 on the Kuala Lumpur Stock Exchange and 35 cents to Ss6 on Singapore's308 words
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Article117 1993-01-30 5 OUR REPORT on Jan 20 headlined "General Magnetics to close German unit" contained a number of inaccuracies. We erred in giving the impression that the closure of the German unit was related to General Magnetics' recent financial performance. This is not the case. General Magnetics has informed us that117 words
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910 1993-01-30 5 Amy Balan - HOCK LOCK SIEW By Amy Balan SINGAPORE Despite a less rosy outlook for the Malaysian economy and an expected slowdown in earnings growth, 1993 is likely to be an exciting year for Corporate Malaysia. Maybe not as fastpaced as the developments in the910 words
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Article, Illustration510 1993-01-30 5 Schutz Lee - By Schutz Lee SINGAPORE New Zea-land-based Brierley Investments Ltd plans to form a new company out of some of its New Zealand interests and float it on the stock exchange. New Zealand's Salional Business Rwiew said yesterday that BIL chairman510 words
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Article201 1993-01-30 5 SINGAPORE Sesdaq-listed Stamford Tyres has suffered a sharp drop in group interim earnings in the six months to Oct 31. 1992. In a statement yesterday, the tyre distributor reported a 25 per cent drop in net earnings to $1.02 million, despite higher investment income. Turnover barely201 words
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Article, Illustration342 1993-01-30 5 Performance of Sill's index stocks Jan 29 l-»sl StlM Index Slock sale (hp factor —Ml! (S) ft) S Avimo 1970 0.010 1 68 0.63 C&C 7 500 0 050 6 40 3.15 Cercbos 4 460 4 24 ("old Store 3 000 0 020 2.56 I 26 F&N 11 500342 words
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COMPANIES
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COMPANY BRIEFS
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96 1993-01-30 6 Bloomberg Business News HONGKONG Shanghai has set up a 15 million yuan (554.3 million) movie and television company which it says is China's largest, the official China Daily reported yesterday. It marks the first time that the central government and a localBloomberg Business News - 96 words
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Article56 1993-01-30 6 AFP TOKYO Japan's Sanyo Electric Co Ltd said yesterday that its consolidated pre-tax earnings tumbled 98.6 per cent from a year earlier to 562 million yen (557.4 million) in the year to November. The Osaka-based electronics manufacturer said group sales declined 3.2 per cent to 1,537AFP - 56 words
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66 1993-01-30 6 Reuter TOKYO Nippon Steel Corp will buy a 56 per cent stake in Minebea Co Ltd's unit, NMB Semiconductor Co Ltd, officials of both companies told reporters yesterday. The new company will be called Nippon Steel Semiconductor Corp and the acquired shares will beReuter - 66 words
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73 1993-01-30 6 Reuter TOKYO Oji Paper Co Ltd will merge with Kanzaki Paper Manufacturing Co Ltd effective Oct 1, 1993, a joint statement said yesterday. The companies will merge on an equal basis although Kanzaki will be dissolved. Five Oji shares will be exchanged for everyReuter - 73 words
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Article77 1993-01-30 6 UPI ATLANTA, Georgia The Coca-Cola Co said on Thursday that its fourth-quarter earnings rose 11.8 per cent to U*****.6 million (SS66I million), or 31 cents a share, compared with U*****.4 million, or 26 cents a share, in the fourth quarter of 1991. Revenues grew to US$3.2UPI - 77 words
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Article82 1993-01-30 6 Reuter LONDON British food retailer AS DA Group pic, which nearly collapsed under a mountain of debt in 1991, on Thursday launched a £347 million (SsB67 million) rights issue to aid its recovery in the ultra-competitive supermarket sector. The superstore operator said it was settingReuter - 82 words
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380 1993-01-30 6 RAY HEATH - Contract estimated to be worth up to £5b From RAY HEATH in LONDON IN A DEAL that could be worth up to £5 billion (about S$ 12.5 billion), British Aerospace has agreed to supply Saudi Arabia with 48 Tornado strike planes. The380 words
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440 1993-01-30 6 But both airlines see silver lining in smaller deficit NYT NEW YORK The country's second and third-largest airlines United and Delta, respectively reported big quarterly losses on Thursday but said they were encouraged because the losses were smaller than in the similar period aNYT - 440 words
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523 1993-01-30 6 Reuter LONDON British engineering group Vickers pic won a US$3OO million (***** million) order for Challenger 2 tanks from Oman but analysts said the embattled defence company was not out of trouble yet. British Prime Minister John Major made the announcement duringReuter - 523 words
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189 1993-01-30 6 AFP TOKYO Japan's Fujitsu Ltd. in a move to fuel a price war in the domestic market, is preparing to launch a low-price model desktop computer in February, a company spokeswoman said yesterday. The model's price could fall to about 200,000 yen (552.600),AFP - 189 words
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298 1993-01-30 6 NYT NEW YORK Motorola Inc said on Thursday that it had lined up 21 potential investors for its Iridium project, a US$3.4 billion (555.6 billion) system to provide a global wireless telephone service through 66 small satellites circling the earth. Adding details toNYT - 298 words
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405 1993-01-30 6 BANGKOK Despite uncertainty in the petrochemical industry, Siam Cement Group has taken the plunge and become Thailand's largest petrochemical investor, taking 20 per cent stakes in all three upstream companies. According to The Nation. Siam Cement will buy 20 per cent stakes in405 words
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400 1993-01-30 6 Reuter MANILA Proposed antimonopoly laws being pressed by President Fidel Ramos could curb Philippine telephone giant PLDT, but are unlikely to break its domination of the country's telecommunications industry for years, analysts said yesterday. Congress representatives, responding to pressure fromReuter - 400 words
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Article, Illustration43 1993-01-30 6 DAVOS, Switzerland Swiss President Adolf Ogi (right) sharing a joke with Helmut Maucher (centre), chairman of the board at and Akio Morita (left) chairman of the board at Sony, at the opening of the World Kconomic Forum on Thursday43 words
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486 1993-01-30 6 US recovery and new models lift profits NYT NEW YORK The Chrysler Corp, in the midst of a financial recovery after three years of weak performance, reported its best results in four years on Thursday, posting profits for 1992's fourth quarter andNYT - 486 words
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FINANCE/COMMODITIES
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412 1993-01-30 7 Benchmark 3-month loan rates dip to 7.75 pc Knight-Ridder KUALA LUMPUR Malaysian interest rates should fall further over the next few months after the central bank moved to limit activity that was aimed at supporting interbank money market rates, dealersKnight-Ridder - 412 words
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179 1993-01-30 7 JAKARTA —.The government will submit commodity exchange legislation to the House of Representatives, on which the Indonesian Commodity Exchange Agency (Bapebti) will base futures trading. Bapebti's chairman, Ariffin Lumban Goal, said that "the Ministry of Trade is currently preparing the bill that, if179 words
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350 1993-01-30 7 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE A term loan of about MSI.BB billion (SS 1.18 billion) for Malaysia's North-South Highway is expected to be finalised soon. With the underwritten portion of the loan almost complete, general syndication for the loan is expected to be carried350 words
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201 1993-01-30 7 BANGKOK The Bank of Thailand will draw up a threeyear plan for further deregulation and development of the local monetary market as part of its bid to turn the country into a regional financial hub, according to a central201 words
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249 1993-01-30 7 Bloomberg ENERGY REPORT Knight Ridder NEW YORK NYMEX Mar light, sweet crude oil futures were down 14 cents at U5520.27, shaking off marginal gains. Mar sweet crude moved within a 24 cent range between a session high of U5520.49Knight Ridder - 249 words
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Article, Illustration1528 1993-01-30 7 I raJe xrifhinJ index cakutaled against Spurt 's lop 14 trading partner* Base year I9B< US$/S$ forward rates Noon Jan 29 s$ Bid Offer 1-month 1.6387 ***** 2-month 1.6375 1 6390 3-month 1 6366 ***** 6-month 1.633$ 1 6355 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am1,528 words
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Article, Illustration153 1993-01-30 7 The US$/S$ opened at 1.6380/90, unchanged from the previous day. There was good buying of US dollars throughout the day and the dollar closed around the day's high at 1.6325. The dollar continued to climb against the ringgit following the break through the 2.6100 level153 words
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Article181 1993-01-30 7 LONDON A clutch of economic data suggesting the United States is on course for a robust recovery pushed the dollar higher against the main European currencies yesterday. The US currency closed more than two cents higher against the weak pound at U551.4885, after opening at U551.5120. US durable goods181 words
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Article86 1993-01-30 7 AFP NEW YORK The dollar jumped against major currencies here early yesterday following the government's report that orders for durable goods in the US soared 9.1 per cent in December. Gold remained unchanged. Just after 1444 GMT, the US currency was trading at 1.6060 German marks, up fromAFP - 86 words
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Article, Illustration557 1993-01-30 7 DBS Bank weekly currency review US$/DM: Bears in action! The US dollar broke the critical support of 1.6000 last Friday and traded to a low of 1.5880 before closing the week at 1.5900. The potential bearish divergence seen in the weekly stochastics was confirmed557 words
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COMMODITIES & FUTURES
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1426 1993-01-30 8 SIMEX REPORT Reuter SINGAPORE Eurodollar futures ended firmer yesterday with the market remaining generally bullish on hopes for further credit easing in the US and also due to economic data showing further weakness in the US economy, dealers said. The market also reacted to theReuter - 1,426 words
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994 1993-01-30 8 COMMODITIES REPORT Till THE price of tin on the Kuala Lumpur Tin Market ended 10 sen higher at MS 15.20 yesterday. On the KJLTM, at the opening level of MS IS. 10 per kg. bids totalled 139 tonnes against offers994 words
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Article1699 1993-01-30 8 Rubber RAS Commodity Exchango (futures dosing as at 1pm) RSS I Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 93 000 000 150.00 300 500 Mar 0.00 0.00 151.75 600 6.125 Apr 154.25 153.75 153.75 1.350 7.050 May 156.50 155.50 155.75 250 6.9001,699 words
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REGIONAL STOCK MARKETS
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Article1067 1993-01-30 9 1.5 Share prices picked up in late trading yesterday to finish just in positive territory, brokers said. After being five points down at one stage, the All Ordinaries Index finished up 1.5 points at 1,528.2. Small rises occurred across the boards. The All Industrials Index rose 2.8 to 2,418.71,067 words
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Article576 1993-01-30 9 +2.28 Share prices rose slightly with investors mostly sidelined so they can take positions in anticipation of a fresh buying surge in February, brokers said. "It's a tight-range movement in the market. Things should start picking up next month. It's a cycle. But there was no fundamental reason for576 words
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Article384 1993-01-30 9 -7.83 Stocks ended lower for the fourth consecutive day as investors displayed little interest in buying, brokers said. "The bearish mood is likely to continue for the time being. Customers' deposits are dwindling day by day," said Choi Young-hoe of Lucky Securities. Many investors regard Seoul stocks as overvalued384 words
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Article597 1993-01-30 9 -41.78 Share prices closed lower on domestic political instability, brokers said. The Weighted Index, which was down more than 75 points in early trade, ended 41.78 points or 1.3 per cent lower at 3,251.23. Turnover remained thin at Ts7.l billion compared with Thursday's T56.6 billion. All sectors fell except597 words
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Article336 1993-01-30 9 4.35 Share prices rose on active overseas buying, and traders said they expect the trend to continue on Monday if New York and London markets perform well. The Top-40 share price index closed up 4.35 points at 1,516.01. Derek Wickenden, a broker with Cavill White Securities, said most336 words
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Article61 1993-01-30 9 +35.43 Good demand continued to push Indian shares higher, with the Bombay Stock Exchange (BSE) 30-share index nosing through the 2,700 level briefly before closing up 35.43 points at 2,680.79, brokers said. They said the index, which ended last Friday at 2,542.39, hit a high of 2,708 against previous61 words
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WORLD STOCK MARKETS
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Article741 1993-01-30 9 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit *31 1400 *31 1500 Mim Jersey Git ***** ***** Mim Ma* Income ****** ****** uaftCMk Income Pha* Fund *****0 *****0 PS Reserve Fund 5 MOO 5 2100 Sterling boat) Euro Performance 0.4445 0 4710 Far East Fund *2 52*0 *2 7180741 words
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Article644 1993-01-30 9 -9.7 The equity market ended yesterday with modest losses as investors adopted a defensive stance against a background of unsettling factors. The FTSE 100 Index finished the session 9.7 points down at 2,807.2, haying traded in negative territory for much of the last three days as Tuesday's euphoria at644 words
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Article98 1993-01-30 9 -0.47 pc The Paris Bourse ended with a moderate loss yesterday, as the CAC-40 stock price index finished the week at 1,772.21 points, off 0.47 per cent from the Thursday close. Paris jan y* ft Air Liquide 7*600 15 00 Alcatel Ansihom 622.00 -J 00 Eir-Aquil 330-90 4 3098 words
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Article115 1993-01-30 9 1.74pc Swedish shares took back all of Thursday's losses to end the week on a firm note after support from falling debt market yields, a stronger dollar and the need for an upturn after several days of losses. The All-Share Index rose 1.74 per cent to 889.26. Turnover was115 words
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Article184 1993-01-30 9 +0.26pc Frankfurt stock market indices gave mixed readings yesterday, as the DAX spot trend index finished at 1,571.85 points, up by 0.26 per cent from the Thursday close, while the Commerzbank index shed 10.50 to end at 1,744.40. Traders said volume was low. as investors tended to stay on184 words
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Article139 1993-01-30 9 +7.37 Continuing bullish sentiment fuelled by interest rate hopes, strong steel shares and a higher dollar pushed the Belgian stock market to a higher close for the fourth consecutive session yesterday. The Bel-20 Index of leading shares closed 7.37 points, or 0.62 per cent, higher at 1,188.25. Trading volume139 words
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Article152 1993-01-30 9 +I.9pc Italian shares closed firmer yesterday, boosted by the strong performance of Fiat shares, which gained nearly 6 per cent at the fixing and rose further on the kerb. The MIB All Share Index closed 1.9 per cent higher at 1,075, while the underlying trend at the close stood152 words
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Article266 1993-01-30 9 1.62 Dutch shares had a buoyant session yesterday, closing not far from the day's high in unusually heavy turnover for a Friday. A strong dollar, an upward chart position, and foreign demand all helped prices climb. The EOE Index added 1.62 points to 291.95 at the close. Oil group266 words
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Article266 1993-01-30 9 11.7 A rising dollar and low Swiss money market rates laid the ground for gains of nearly 1 per cent on the Zurich bourse yesterday, dealers said. The SPI Index closed 11.7 higher at 1,264.0. Last Friday it had closed at 1,267.3. Overall trading volume was moderate, however, ahead266 words
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Article315 1993-01-30 9 11 South African gold shares continued their substantial rerating on the Johannesburg Stock Exchange yesterday. ending sharply higher amid buoyant interest. Dealers said the gold market's recent return to favour had been supported by mild strength in the dollar bullion price. The JSE Industrial Index added 11 points to315 words
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Article304 1993-01-30 9 -3.72 Toronto stocks opened mixed in moderate dealings with Northern Telecom and 52.7 per cent parent BCE Inc coming under pressure with Thursday's news of a senior management shuffle. The TSE-300 Index edged down 1.0 point to 3,306.9 on volume of 8.1 million shares valued at C 563.5 million.304 words
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Article751 1993-01-30 9 14.86 Stock prices on Wall Street made little new ground yesterday despite the government's announcement that orders for durable goods jumped 9.1 per cent and household incomes rose 1 per cent in December. At 1600 GMT. the Dow Jones Index of 30 leading industrials stood at 3,306.50, up751 words
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Article, Illustration3041 1993-01-30 10 Reuter SHARKS more than halved sharp early losses at the close as bargain hunters swept hack in the afternoon, players said. The blue-chip Hang Seng Index slid 53.10 points to close at 5,751.40 after plunging 125 points in early trade on renewed Sino-British wrangling over Hongkong's political future. VolumeReuter; Source: Bridge Info - 3,041 words
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Article, Illustration429 1993-01-30 10 HONGKONG Unconfirmed rumours that a spate of new stock issues would be postponed until July or even later triggered renewed buying yesterday on China's northern bourse in Shanghai. Hongkong brokers said. Gains were greatest for domestic Class A shares, with the Credit Lyonnais Shanghai A Index breaking through the429 words
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Article, Illustration2526 1993-01-30 10 Reuter STOCKS closed mixed as profittaking pulled down prices near the close. But brokers said sentiment was upbeat as investors felt the government was becoming serious about helping the market. Buying also came from institutions to make this the first strong January in four years, they said. The 225-shareReuter; Source: Bridge Info - 2,526 words
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Article, Illustration1806 1993-01-30 10 Reuter THE stock index closed almost unchanged after profit taking that was countered somewhat by some buying of bank shares, brokers said. The SET Index ended 0.06 points lower to close at 974.48 on turnover of 6.37 billion baht. Advances slightly led declines 120 to 114 with 74 stocksReuter; Source: Bridge Info - 1,806 words
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Article, Illustration817 1993-01-30 10 Reuter STOCK prices closed higher in active trade which raised hopes among brokers that the market may have finally awoken from two years of slumber. Bank Internasional Indonesia (BII) rose 225 rupiah to 3,150 in cross trade of 3.21 million shares. In regular trade it was up 125 rupiahReuter; Source: Bridge Info - 817 words
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Article, Illustration2441 1993-01-30 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mulli-Purpose 3.640.000 Amal Slccl 50c 2.267.000 Tan ("hong 50c 1.824.000 Mulpha Intl 50c 1.144,000 Kamunting 50c 903.000 Pub Bk Foreign 711,000 MBfCapital 512.000 Kenong Bhd 50c 412.000 MOB Hldgs 50c 386.000 Simc Darby 50c 349.000 Guinness 50c 336.000 MSource: Bridge Info - 2,441 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4850 1993-01-30 11 Bernama SHARE prices rebounded yesterday led by blue chips, following Maybank's higher haltyear earnings and expected cuts in interest rates. In quiet trading, the KLSE Composite Index added 6.08 points to 624.49 while the Industrial Index inched up 2.65 points to 1,068.58Bernama; Source: Bridge Info - 4,850 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration6940 1993-01-30 12 Moiz Tyebally - By Moiz Tyebally SHARE PRICES ended sharply higher in aetive trading yesterday with the Straits Times Industrials Index closing at a record high of 1.620.16 points, up 21.93 points. "The chickens have become bulls," said a broker. "The question now is, will theySource: Bridge Info - 6,940 words
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Article, Illustration66 1993-01-30 12 Paul Leo - HOT STOCK Paul Leo SEMBAWANG Maritime Ltd at $2.95 is poised for further gains to $3.45. The 5-week moving average line has just cut the 15-week moving average line from below, confirming the bullish view. However, a correction is imminent because weekly and daily RSIs and stochasticsSOURCE: BRIDGE INFO - 66 words
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Page 5 Advertisements
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Advertisement71 1993-01-30 5 I The Manhattan if..0 I DATE SUNDAY, 7 FEBRUARY 1993 HOTUNE: 348 5555 TIME :8 PM ENQUIRIES: 272 0037 VENUE HARBOUR PAVILION Tickets crvailabl at all SISTIC outlets: Forum The Shopping Mall, Scotts Shopping Centre, PRICES $50, $70. S9O Raffles City Shopping Centre, Specialist Shopping Centre, Liang Court, Cold Storage71 words
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Page 8 Advertisements
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Advertisement14 1993-01-30 8 WHAT'S IN Find out in Personal Investment and Finance. Every Saturday in Business Times14 words
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Advertisement19 1993-01-30 8 As and when the latest London/Rotterdam prices are not available, the previous trading day's closing figures are carried instead19 words
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Page 9 Advertisements
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Advertisement175 1993-01-30 9 FIRST 400 TO WALK AWAY WITH MUSIC IN THEIR EAR 3TO WIN VIDEO-PHONE Subscribe now! The first 400 subscribers will each receive a Sony Walkman Model WM-FXI2 with a complimentary HRh Name G i enclose: Cheque No.: > Management Leadership cassette tape from Success Address Please charge to my Visa/Amex/Diners/Master175 words
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Page 10 Advertisements
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Advertisement82 1993-01-30 10 -timr YOUR MONEY IN A BOX. Keutfe (pronounced ruhi I music boxes make giro or IT'S MORE RELIABLE THAN SHARES. uL, 200 Mft*. tradition, tkey perform beautifully every Jay for years on AND MORE PLEASING' end (unlike many dhare* we couU mention). For an investment opportunity wortk listening to, come82 words
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Page 11 Advertisements
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Advertisement183 1993-01-30 11 YOUR VERY OWN HASSLE-FREE UmOMC^^MKHM If news and other pertinent information on companies listed on the Stock Exchange And for fl tubtcription fit of on/f $25$ per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe to this specialised183 words
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Page 12 Advertisements
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Advertisement172 1993-01-30 12 Carrier's Tempting Twosome For the new year. Carrier has re-launched a line of watches to tempt even the most jaded of collectors. The original Vermeil line of watches was created back in 1925 for the legendary Jean Cocteau in a trigold (yellow, pink and grey) 3-band ring that has since172 words
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SPORTS
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Article, Illustration487 1993-01-30 13 Golf AFP DUBAI South Africans Wayne Westner and Retief Goosen powered within reach of a surprise victory in the Dubai Desert Classic yesterday. Johannesburg golfer Westner and Goosen, a 23-year-old new on the European Tour from Petersburg, both shot 66 to reachAFP - 487 words
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SCORE CARD
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Article, Illustration49 1993-01-30 13 Reuter NEW YORK National Basketball Association results Thursday: Houston Rockets 94 Chicago Bulls 83; Atlanta Hawks 110 New York Knicks 105; Cleveland Cavaliers 127 Orlando Magic 113; Indiana Pacers 127 Los Angeles Lakers 110, Milwaukee Bucks 109 Miami Heat 87; Denver Nuggets 110 New Jersey Nets 100. ReuterReuter - 49 words
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Article, Illustration272 1993-01-30 13 AFP AFP Reuter PHOENIX, Arizona Leading first-round scores Thursday in the Phoenix Open (US nationality unless stated): 66 Jeff Maggcrt 32-34, Robert Wrenn 33-33, David Frost (SA) 31-35, Michael Allen 34-32, Gary McCord 34-32, Mike Donald 32-34, Scott Simpson 34-32 67 Jim Woodward 34-33, Tom Watson 33-34, Mark WiebeAFP; Reuter - 272 words
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Article, Illustration60 1993-01-30 13 AFP CAPE TOWN Draw for the 1995 Rugby World Cup in South Africa. Pool A: Australia. Canada. South Africa and the third European qualifier. B: England. Western Samoa, the Americas qualifier and the second European qualifier. C: New Zealand. Ireland, the first European qualifier and the Asian qualifier. D:AFP - 60 words
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Article, Illustration34 1993-01-30 13 CALGARY Semifinal results in the Canadian Open on Thursday (English unless stated otherwise, prefix number denotes seeding): 6Tony Hands b Stephen Meads 15-7 15-5 15-5; 4-Philip Whitlock b 5Danny Meddings 15-11 15-10 15-8.34 words
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Article, Illustration128 1993-01-30 13 MELBOURNE Australian Open results yesterday. Men's singles semi-finals: Jim Courier (US xl) b Michael Stich (Ger *14) 7-6 (7/4). 6-4, 6-2; Stefan Edberg (Swe x 2) b Pete Sampras (USA x 3) 7-6 (7/5), 6-3. 7-6 (7/3). Men's doubles semi-finals: John Fitzgerald/Anders Jarryd (Aus/Swe x 4) b Mark Kratzmann/Wally128 words
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Article, Illustration494 1993-01-30 13 Australian Open AP MELBOURNE Defending champion Jim Courier and two-time title holder Stefan Edberg bludgeoned their way to straight set semi-final victories yesterday and set up a repeat showdown in the Australian Open. Courier overcame determined but outgunned No. 14 seed MichaelAP - 494 words
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425 1993-01-30 13 NYT MELBOURNE Monica Seles has ruled the Stadium Court at Flinders Park for the last three years. In three trips to Melbourne, she has yet to lose a match in the Australian Open, on the rubberised Rebound Ace surface where the bounce isNYT - 425 words
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SIDELINES
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108 1993-01-30 13 AFP PHOENIX. Arizona John Daly stole the day when the Phoenix Open got underway here on Thursday not with his round of 69 but by his mere presenee on the eourse. Daly, who has undergone treatment for aleohol abuse, admitted: "I didn't know whatAFP - 108 words
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120 1993-01-30 13 AFP CAPE TOWN The draw for the rugby World Cup in 1995 has put host South Africa in the same pool as champion Australia, the organisers announced here yesterday. As in the previous two competitions in 1987 and 1991, the 16 teams have beenAFP - 120 words
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Article, Illustration41 1993-01-30 13 NEW YORK New York Knicks forward Charles Smith couldn't stop Atlanta Hawks guard Mookie Blavlock (right) as he drove up-court in the second period at Madison Square Garden on Thursday. The Hawks beat the Knicks 110-105.41 words
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Article128 1993-01-30 13 AP MAUNA LANI. Hawaii A year of decision begins for Arnold Palmer this weekend in the Senior Skins Game. At stake is his continued participation at the top level of the game he has influenced as perhaps no other man in history. The time mayAP - 128 words
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58 1993-01-30 13 AFP WASHINGTON Carl Lewis. Mike Powell and Linford Christie are close to agreeing to a unique three-man competition to be broadcast live next spring in the US and Europe, their advisers said on Thursday. "We think we have an event." said Home Box Office executive sports producerAFP - 58 words
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Article84 1993-01-30 13 AFP PERTH West Indies captain Richie Richardson sounded a warning to Australia yesterday, the eve of the deciding fifth test. Richardson. 31, currently rated the world's top batsman, noted he had hit test centuries on every other major Australian ground. The right-hander is in excellent touchAFP - 84 words
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Article, Illustration335 1993-01-30 14 Super Bowl XXVII UPI LOS ANGELES The Dallas Cowboys, playing in their first Super Bowl in 14 years, have sought the advice of someone who knows a thing or two about championship games Magic Johnson. Wide receiver Michael Irvin said on Wednesday he, quarterbackUPI - 335 words
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Article497 1993-01-30 14 Thomas George - Thomas George rates the two teams Thomas George NYT Key statistics: The Cowboys have played in a league record 40 post-season games with a league record 23 wins, but most of the current players have played in only four pos-t-season games and only two Cowboys, CharlesNYT - 497 words
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Article1340 1993-01-30 13 Abu MmM GA860 0020 GA928 0305 AMaHt SQ228 2015 kmmi RJ187 0135 Amsterdam SQ319 0810 SQ342 2300 KL837 1545 KL838 2350 Auckland NZ21 1700 NZ22 1825 SQ286 2045 Bahrain GF148 0650 B Sari B<p«M BI421 1105 SQ182 0930 SQ181 1425 BM22 1205 B1429 2030 B1430 21251,340 words
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Page 13 Advertisements
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Advertisement63 1993-01-30 13 The men's final will be telecast live on SBC 12 at II am on Sunday 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 or63 words
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SHIPS IN PORT
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Article546 1993-01-30 14 Vessel Voy No Berth Arrival Departue Vessel Voy No Berth Arrival Departue Jurong Port Robert E Lee CGE09* P01B alongside 29 01/1500 Anbao J7/8 alongside 30.12/2300 Robert E Lee CGE69* P01B alongside 2901/1500 Atlantic Pride 1/93 J5/6 alongside 30.12/0600 Robert E Lee CG859* P01C alongside 29 01/1500546 words
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Article1496 1993-01-30 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy Wo Containers avaiabte Ship Voy No Containers available HJ Jakarta 132 COO(EST) 28 0193 2300 Hau Giang LS1073 *****3 0700 Leda Ms 9303 COO(EST) *****3 2300 Hamburg 12/103 *****3 0910 Alsia 3011 COO(EST) 29 01 93 1500 Qwhe 76W1,496 words
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Page 14 Advertisements
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Advertisement9 1993-01-30 14 The Straits Times Weekly Overseas Edition HOME BROUGHT CLOSER9 words
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Advertisement29 1993-01-30 14 The Super Bowl will be telecast live on SBC 12 at 7 am, Monday Feb 1, with a repeat telecast at 1030 pm, also on SBC 12 on Monday29 words
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Page 14 Miscellaneous
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Miscellaneous370 1993-01-30 14 WEATHER Singapore: Showers over several areas in the afternoon (Temp range: 24-30° C) Asia-Pacific Hi/La* Cond. Mecca 20/13 Cloudy America Hi/lo* Cand Auckland 20/14 Cloudy Europe Mi/lo* Cand. Atlanta 06/1 Clear Bangkok 33/25 Cloudy Amsterdam 04 00 Clear Buenos Ans 32/17 Cloudy Beijing 02/9 Cloudy Athens 14/04 Cloudy Chicago 02/6370 words
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REGIONAL FOCUS
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Article, Illustration1061 1993-01-30 15 With the opening up of China, questions about the loyalties of overseas Chinese are resurfacing. These articles examine some of the issues IHT NOT LONG ago. China Daily. Beijing's English-language newspaper, prominently displayed an article headlined Shared heritage the force driving the Chinese race. It discussedIHT - 1,061 words
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933 1993-01-30 15 IHT JAKARTA It would be surprising if the worldwide decline in ideology and the rise in ethnic consciousness left South-east Asia unscathed. The estimated 18 million Chinese who live in this part of the world are one of the world's largestIHT - 933 words
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382 1993-01-30 15 NYT GUANGZHOU Sooner or later, someone was going to discover a way to make money on the Chinese craze for America. Now, it looks as if someone has perhaps at the expense of thousands of naive Chinese. All acrossNYT - 382 words
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Page 15 Advertisements
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Advertisement47 1993-01-30 15 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 Saw an ad of a house that you may like to own? Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. ClassiFiNE*^ CAM. An SPH AudioTti Strvlc* I 147 words
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Advertisement272 1993-01-30 15 UNITED OVERSEAS LAND LIMITED (Incorporated in Singapore) LOST CERTIFICATES Certificates no *****22 to *****26 covering 1,000 Transferable Subscription Rights each m the name of Mr Maurice Cruikshank Clark have been reported lost, mislaid or destroyed NOTICE IS HEREBY GIVEN that new certificates will be issued and the above ongmal certificates272 words
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Advertisement325 1993-01-30 15 IN THE MATTERROOrl r THE COMPANIES ACT. CHAPTER 50. AND IN THE MATTER Of EOUATORRID INVESTMENT HOLDING PTE LTD (IN MEMBERS' VOLUNT ARY LIQUIDATION) At an Extraordinary General Meeting of the members of EOUATORRID INVESTMENT HOLDING PTE LTD. duly convened and held at the registered office at 435 Ore hard325 words
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546 1993-01-30 16 World economy must return to industries that add value, he says Reuter DAVOS, Switzerland World leaders must avoid a return to the economic extravagances of the 1980s as they strive to pull their countries out of recession, a top Japanese industrialist said onReuter - 546 words
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Article, Illustration573 1993-01-30 16 AP WASHINGTON President Clinton said yesterday he was "quite close" to lifting the military's ban on homosexuals and the White House said it did not expect to challenge a judge's ruling that found the ban unconstitutional. Mr Clinton said he was studying whether theAP - 573 words
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277 1993-01-30 16 Reuter AFP WASHINGTON The US is considering stiff sanctions on the European Community in retaliation for a new EC policy that gives European firms the inside track in bidding on government contracts, the Washington Post reported. It quoted congressional sources as saying theReuter; AFP - 277 words
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130 1993-01-30 16 AFP JAKARTA Indonesia's Garuda and Ansett of Australia have set up a strategic alliance to boost their respective market shares in the Asia-Pacific region, press reports said here yesterday. The commercial cooperation agreement was signed in the resort island of Bali by Garuda's vice-presidentAFP - 130 words
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632 1993-01-30 16 Japan to consider supporting joint training centre for UN peacekeepers in Asia Reuter AFP TOKYO Prime Minister Kiichi Miyazawa cracked the whip yesterday, ordering his cabinet to stop all talk of widening the military's international role by revising Japan's war-renouncing constitution. ForeignReuter; AFP - 632 words
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576 1993-01-30 16 AP WASHINGTON Orders to US factories for durable goods rose 4.1 per cent in 1992, the first annual increase in three years, the government said yesterday. The increase was propelled in part by a 9.1 per cent jump in December. TheAP - 576 words
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401 1993-01-30 16 AP WASHINGTON Federal Reserve chairman Alan Greenspan endorsed President Bill Clinton's deficit reduction goals on Thursday and said long-term interest rates would fall if they were met. After a White House meeting with President Clinton. Mr Greenspan told the Senate Budget Committee that theAP - 401 words
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359 1993-01-30 16 Reuter NEW DELHI Russia has agreed to reschedule 37 per cent of India's 313.77 billion rupee debt to the former Soviet Union at zero interest repayable over 45 years, India's Secretary of Economic Affairs Montek Singh Ahluwalia said. "If youReuter - 359 words
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219 1993-01-30 16 AFP BANGKOK The commander of Thailand's air force has resigned from the board of Thai Airways International (THAI) to protest the military's waning control of the national flag carrier, news reports said yesterday. An assistant of Air Chief Marshal Gun PimarnthipAFP - 219 words
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Page 16 Advertisements
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Advertisement5 1993-01-30 16 ™ATsactment Monday in Business Times5 words
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ExecutiveLifestyle
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Article, Illustration1393 1993-01-30 17 Nirmal Ghosh - Nirmal Ghosh meets the mayor with the mission to sanitise the sleazier side of Manila's infamous Ermita district Nirmal Ghosh OLICEMAN-tumed-Mayor AlB W fredo Lim. grizzled and military, prowls his office in I Manila's City Hall this evening J|L in January. At the Quiapo church, thePhotos by Nirmal Ghosh - 1,393 words
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STRAWS IN THE WIND
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Article186 1993-01-30 17 YOU DON'T need a degree in nuclear physics to understand the following scientific jokes that the magazine. New Scientist, published recently. If anything, it just goes to show that scientists can have a sense of humour too. Three statisticians go duckhunting. A duck flies by. and the first186 words
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OPINIONS
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Article, Illustration1316 1993-01-30 18 Tan Kim Sons - Tan Kim Song says developing an external economy is imperative to make better use of our resources in the short term, as well as to help secure a higher sustainable growth rate in the long run Tan Kim Sons The writer is1,316 words
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651 1993-01-30 18 Sakthip Krairiksh - Sakthip Krairiksh Director-General Department of Information Ministry of Foreign Affairs Thailand This letter is in response to an IHT article. "Precious stones before peace?", which was published in BT on Jan 15. The article by Mark J Valencia, a research651 words
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220 1993-01-30 18 Pang Ee Ang - LETTERS TO THE EDITOR Pang Ee Ang Chairman ('resident Colosseum Corporation Pte Ltd SENIOR Minister Lee Kuan Yew has encouraged local entrepreneurs to go overseas. I concur that it is the right step to take. Just look at the multinationals such as Nippon220 words
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Article736 1993-01-30 18 Terence Lim - Terence Lim describes an attempt by economists to raise their discipline's respectability with a Unified Fiscal Theory Terence Lim The writer is a temporary journalist with BT Economics is called a social science because it is supposed to be a scientific study of society.736 words
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579 1993-01-30 18 Wong, S F - Wong, S F YOUR Mission Statement is most comprehensive, effective and ingenious. Hats off to you and your team. Unfortunately, your good work has been .allowed to be marred bycertain initial lapses. You seem to have taken two steps forward and579 words
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Article405 1993-01-30 18 Werner Schlegel - Werner Schlegel General Manager DG Bank Singapore THE recent Euromonev article on Singapore's standing as an international financial centre has aroused much comment, not least in the columns of your newspaper. For that reason I wish to set the record straight on my remarks to405 words
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VIEWPOINT
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Article, Illustration2528 1993-01-30 19 Margaret Thomas - Why does IPC Corp's Patrick Ngiam feel that the government is being a little over-enthusiastic in its drive to create more entrepreneurs and push Singapore companies overseas? Margaret Thomas hears his views on this matter f CONVERSATIONS RAFFLES Margaret Thomas PATRICK NGIAM is a little perplexed byPhoto by Chris Loh - 2,528 words
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Article827 1993-01-30 19 PATRICK NGIAM has a simple message for his staff: Solve your own problems. "They cannot come to me and tell me their problems and concerns. They can only come to me and say: 'Patrick, I have another challenge for you.' I'll say, 'Good.' "Otherwise, how can827 words
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381 1993-01-30 19 LETS NOT overdo the drive to make Singaporeans more entrepreneurial, says Patrick Ngiam. "We should not give the impression that everyone should start a business, nobody should work. I fear that if we talk too much about entrepreneurship, ultimately our productivity will381 words
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Article, Illustration562 1993-01-30 22 SUSAN TSANG - By SUSAN TSANG FOR A FILM with such a provocative title. Salt on Our Skin is surprisingly bland. But if you can watch the film for something besides the less-than-steamy sex scenes set yeare apart, it can be mildly rewarding. Greta Scacchi is562 words
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Article, Illustration589 1993-01-30 22 JAIME EE - Cinema Review By JAIME EE THERE are many ways to kill one's lover. Some like the tried and true method guns. Others prefer more subtle ways of showing their true feelings ice-picks, golf clubs, lethal injections, trusty rat poison, a sly push down a flight of589 words
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Article, Illustration1092 1993-01-30 22 Susan Tsang - Susan Tsang views a corporate art exhibition that introduces new local names as well as artists from Malaysia and Thailand Susan Tsang THE NATIONAL Arts Council has plans to matchmake corporations and the arts in sponsorship deals. But before they marry in haste, corporations may want to1,092 words
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Article, Illustration925 1993-01-30 22 JAIME EE - Cinema Review By JAIME EE DEAR DR FREUD. It has been a long time since our last appointment. 1 remember you explaining to me the benefits of cathartic treatment, and 1 think it is a great idea, especially since it is likely to do925 words
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Article, Illustration1131 1993-01-30 23 DAVID BRAZIL - Travel Notes By DAVID BRAZIL "DONT WORRY about it mate, everyone leaves here smelling of fish." Sam Sampson the one-man ground support for Southern Air's Stewart Island service failed to reassure me. So upon arrival at Invercargill's airport inspection desk. I apologised for my1,131 words
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Article, Illustration791 1993-01-30 23 NIRMAL GHOSH - By NIRMAL GHOSH AFTER dark the face of Ermita, like her name, is female; the men are just forgettable, transient shadows. They could be models, some of the girls who flood this district a stone's throw from the old walled city of Manila and the791 words
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HEALTH & FITNESS
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Article, Illustration755 1993-01-30 24 Susan Tsang - You can do your body a favour by fasting occasionally, says Susan Tsang Susan Tsang ABOUT 3,700 years ago, an Egyptian doctor gave this opinion, preserved in the Edwin Smith papyrus: "Man eats too much. Thus he lives on only a quarter of what755 words
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HEALTH Notes
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Article68 1993-01-30 24 AVOID wearing contact lenses while working with paint, pesticides or solvents. Opthamologists say that the lenses absorb chemical vapours and effectively trap them against the surface of your eyes. The fumes won't cause any permanent damage, but the irritation can be quite painful. If you're68 words
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Article124 1993-01-30 24 THE stress experts have long advised us to cut back on caffeine in times of high anxiety. But now a new study suggests that coffee and stress aren't such a bad combination. For eight weeks, 21 test subjects abstained from all caffeine-containing beverages, while 43 other volunteers124 words
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Article88 1993-01-30 24 IF YOU'VE quit smoking, you might be worried about putting on a few extra pounds. Well, don't fret about it. Instead, after you eat. use the time you would have spent puffing to take a walk. Scientists took a look at the metabolism of88 words
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Article102 1993-01-30 24 IF insomnia is your problem, alcohol will not drown it. Drinking alcohol disturbs sleep, rather than helps it, says Landgrave Smith, PhD. assistant professor at the University of Oklahoma Health Sciences Centre. "Alcohol makes you spend less time in deep sleep and more time in light102 words
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PEOPLE
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Article, Illustration242 1993-01-30 24 THE pomp and ceremony that graces the opening of the legal year underwent a slight change this year when the judges made their entrance wearing black light-weight robes and turned-down collars instead of the rich red robes, full-bottomed wigs and stiff white collars and242 words
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Article, Illustration209 1993-01-30 24 GUESTS who attended the topping-out ceremony at the new American International Assurance tower in Robinson Road recently didn't need to worry about having any stray bricks falling on them. After all. when you're invited to an event by such a large insurance company, you'd be quitePhotos by Arthur Lee - 209 words
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TIME OFF
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Article844 1993-01-30 25 Shahiron Sahari - Shahiron Sahari checks out two nightspots on popular Emerald Hill Shahiron Sahari THE Emerald Hill district is, on the face of it, a very popular area. But you don't have to look very hard to realise that only about a third of the people who go844 words
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Article, Illustration632 1993-01-30 25 THE Elephant Bar, popularly known as "No 9", started operation in mid-December. Some say that the Bar was created to emulate and to capitalise on the success of its neighbour two doors away. No 5 (Casablanca restaurant, at No 7, separates the -two.) ButPhoto bv Chris Loh - 632 words
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Article109 1993-01-30 25 The Lady of Soul and Her Ultimate II mikina w mdcnivtc A contemporary political satire about a government which decides that a nation needs more "soul" to make it a vibrant place. This is one of the first plays to be passed under the new guidelines set out by109 words
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Article169 1993-01-30 25 Chicago Now and Then: Live in Singapore This classic eight-member, chartbuster group has been singing its ballads since 1967. This is Chicago's first East Asian tour and features its hit singles from four decades. Singapore Indoor Stadium. Tonight ana tomorrow at 8 pm. Tickets at $40. $60. $90 and169 words
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Article111 1993-01-30 25 The First Emperor of China The life and times of Qin Shihuang is a tale of glory and terror with a cast of thousands. A lesson in history, a cultural journey through China, and excellent entertainment, this panoramic Omnimax film uses the most advanced projector ever built, with 20,000111 words
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Article, Illustration834 1993-01-30 25 World of Liu Kang An exhibit sponsored by the National Arts Council. National Museum Art Gallery. Beginning on Thursday through Feb 7. 9 am to 5.30 pm. Teawares by Fourteen Potters Some 250 hand-made teapots will be on display. The exhibition is sponsored by Studio 106 and834 words
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Article89 1993-01-30 25 Entrepreneurship in Family Business Management The Nanyang Techno bDgical University and Peat Marwick offers a course over four evenings which will examine growth financing and financial management. succession .a nd family involvement. corporatisi ng the family business to meet global challenges and employing outsiders as .managers. Hilton Hotel. 6.3089 words
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Article284 1993-01-30 25 Sentosa Springtime A two-day line up of Luna i New Year celebrations, including d .ragon and lion dances, a display of" vanishing trades, puppet shows. Chinese cos- turned characters. Chinese orchestra performances, special Musical Fountain shows and a concert, await visitors to Sentosa this weekend. There's284 words
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Article446 1993-01-30 25 Waking Up the World Bryan Adams, whose Straight from the Heart was a Top 10 single, is one of the hottest performers on the concert circuit. He performs at the Singapore Indoor Stadium on Feb 6. but tickets are now on sale at Sistic outlets at446 words
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EPICURE
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Article, Illustration881 1993-01-30 26 Mark Graham - Say Jaws and chances are Ricky Leung will jump for joy. Mark Graham meets the sharks' fin entrepreneur Mark Graham Mark Graham is a freelance writer based in Hongkong Thousands of Asians slurp down sharks' fin soup daily at US$5O a bowl, but881 words
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Article, Illustration714 1993-01-30 26 JAIME EE - Ban Appetit By JAIME EE WITH our mindset still locked into the current Lunar New Year festivities, we were in the mood for something traditionally Chinese, but at the same time we didn't want to rely on our usual Cantonese old faithfuls. In other words, we714 words
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Article428 1993-01-30 26 SUSAN TSANG - By SUSAN TSANG D'INDOCHINE Restaurant, better known for Burmese, Laotian and Vietnamese food, is ushering in the rooster with a special New Year menu until Feb 6. Basically, it means that many Loatian dishes have been replaced with a variety of New Year sets. Here is428 words
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Article745 1993-01-30 26 N K YONG - Wine By N K YONG NOW that the festivities are over and, with them, excuses (if needed) for splurging, it is time to get back to basics value-for-money wines for everyday drinking. Everyday is meant literally because there is a growing body of evidence,745 words
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Article, Illustration1144 1993-01-30 28 A Few Good Men. Egged on by an earnest Demi Moore, unambitious navy lawyer Tom Cruise defends two marines accused of murder. They claim a Code Red. Ie, they were ordered to be mean. To understand this. Cruise confronts the acerbic base commander headon. Great climactic courtroom scene. Jack1,144 words
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Page 17 Advertisements
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Advertisement7 1993-01-30 17 The many faces of Ermita, EL 77 words
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Advertisement253 1993-01-30 17 The Gift Voucher That Can Be Used In So Many Ways For more information, call 220 *****223 8333 For once, moving in the right circles means setting a trend not following it. The new Audi 100 needs no end even extends to COE. You'd raoccw ffi quattmo a pwuv auocak253 words
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Page 18 Advertisements
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Advertisement26 1993-01-30 18 •B1 welcomes letters from you. Please address them to: The Editor, Business l imes, 390 Kim Seng Rd, S'pore 0923. letters should include your contact numbers.26 words
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Page 18 Miscellaneous
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Miscellaneous44 1993-01-30 18 DOONESBURY GARRY TRUDEAU SQUJHATDOYOU t I'LL THINK ABOUT !T, ItoANT RIGHT. WW SM. BABE? CAN A, RICK. IHAVETOSTART P BP C^!^ P^ B MB TU START YCU BRING UP SLOWLY. I PONT REALLY SECURITY. TURN/NO KIMB6RUN KNOUJ THE ROPES AT v POWNYOUR THE j44 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration562 1993-01-30 20 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities. Crosby Securities Daiwa Securities Singapore, DBS Asset Management Kay Hian James Capel, Kim Eng Securities. Peregrine Securities Morgan (Jrenfell Asia Securities. Phillip Securities OCBC Securities, Ong Co. L OB562 words
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Article, Illustration232 1993-01-30 20 HITOSHI IMUTA - HITOSHI IMUTA President, Nomura Singapore Ltd Oversees the merchant banking, stock broking and futures trading business of the Nomura group in Singapore. A committee member of the St(Kk Exchange of Singapore. OR an uptrend in |H Japanese stock .M. prices to develop, the essential ingredients are an232 words
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Article, Illustration1451 1993-01-30 20 Lilian Ng - Interest in unit trust funds has grown considerably in the past year. Lilian Ng looks at the reasons Lilian Ng Lilian Nf>, a freelance writer, is a regular contributor of stock market-related articles to Singapore Business magazine. UNIT trust funds invested in the region's stock markets are1,451 words
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Article, Illustration1455 1993-01-30 20 R Sivanithy - STOCK By R Sivanithy Plans to cut costs and improve margins while returning to full production capacity Substantial long-term debt Very competitive market Limited downside because of its low share price OR THE moment, |H Electromagnetic .M. Ltd is a sell above1,455 words
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Article, Illustration700 1993-01-30 21 Chew Eng Han - Chew Eng Han on the attractions of the Kiwi dollar Chew Eng Han The writer is assistant manager of investments at NTUC Income THE New Zealand dollar, a hot favourite five years back, has been virtually forgotten by currency investors. Those who still700 words
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Article, Illustration291 1993-01-30 21 Paul Leo - Spotlight currency By Paul Leo THE Canadian dollar depreciated 15.7 per cent against the US dollar, from C 51.1190 in November 1991 to C 51.2950 in November 1992, and is likely to depreciate further towards C 51.3080 before the end of the first halfSource: TeleTrac - 291 words
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Article, Illustration1084 1993-01-30 21 Simone Vaz - Simone Vaz finds out from some Singapore financial professionals while another report highlights the American experience Simone Vaz Simone Vaz is a freelance writer. ANDREW Chan, an associate director, sales and marketing manager, at the Merrill Lynch international private banking1,084 words
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492 1993-01-30 21 NYT ROBERT Willens is a senior vice-president at Lehman Brothers who specialises in accounting and tax issues. Jacqueline Willens is a senior vice-president for investments at Paine Webber. With those credentials, it's no surprise that the couple devote hawk-like attention to their personalNYT - 492 words
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Page 21 Advertisements
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Advertisement22 1993-01-30 21 Total Reliability IPC CORPORATION (PTE) LTD 23 Tai Sang Drive IPC Bulldlno Singapore 10S3 Tai: *****88 Fax: *****01 Tlx: RS ***** ESSEX22 words
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Page 26 Advertisements
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Advertisement130 1993-01-30 26 01 CHINA CHINA 22imI Jan to <>th l-eb D.I <«*x< n* j:tni uui> Cctcbralioris art* a lift with our srkxiions of OT IYOSfXTOUS Haw l-ish: Slk I Sivifc S:ih l».ir.ut> > isi) SJM l.uttslcr S<v|i«ivyii S.ililMm I tsli S.II Try our set riKnus for 2 to lo |K-rsons with |mth130 words
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Page 27 Advertisements
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Advertisement989 1993-01-30 27 NotWwig A Bud- where t wine dine and entertain N<; OF Our weekend tea is so satisfying, people sometimes break into song. .Sr Choose from an astonishing variety of savoury and sweet favourites. And if that's not enough, our tea special also includes karaoke at Singsation, Singapore's only theme karaoke989 words
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Advertisement330 1993-01-30 27 Fancy Beijing? Then, we're delighted lo suggest the Pine Court for a memorable dining experience. V X Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. To add to your enjoyment, flfliLJ all these are well within your330 words
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Page 28 Miscellaneous
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Miscellaneous2458 1993-01-30 28 5 TODAY'S TV n ur choice >- HHHP i/ r £s£i D IL*JLH9.OO Alfred Hitchcock Fort- 1 900 CMdren's Programme. night Rear Window if 10.00 Amigo And Friends. Santa F# Trai, 3.00pm, SBC 12 Wonders In China, 9.00 am, (See Movies) M .KT M 10 30 Smoggies. Tj f SBC2,458 words
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ISEAS Trends
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Article, Illustration1401 1993-01-30 29 Lu Ning - Lu Ning looks at the key inputs that now guide Beijing's approach towards the rest of the world Lu Ning The writer is a Research Fellow at the Institute of Southeast Asian Studies. THE elevation of Foreign Minister Qian Qichen to a full member of the Politburo1,401 words
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Article, Illustration1294 1993-01-30 29 Seiji Naya; Michael G. Plummer - Seiji Naya and Michael G. Plummer argue for a new US approach towards ties with the vibrant economies of the Asia-Pacific Seiji Naya and Michael G. Plummer Professor Seiji Naya is Chairman of the Department of Economies at the University of Hawaii1,294 words
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1715 1993-01-30 30 Janadas Devan - Janadas Devan laments language-teaching methods that ignore the student's cultural background Janadas Devan The writer is a literary scholar. SOME months ago I wrote an article for Trends ("S'pore: written word and visual culture", Oct 29, 1992) in which I suggested that Singapore's cultural1,715 words
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Article, Illustration895 1993-01-30 30 P. Lim Pui Huen - P. Lim Pui Huen scans the chameleon-like spending habits of Singaporeans P. Lim Pui Huen The writer is a Research Fellow at IS LAS. and an Associate Editor of Trends. IT IS often said that it is the age-old virtues of industry and frugality of895 words
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Article, Illustration1071 1993-01-30 31 Suryono Darusman - Suryono Darusman highlights the significance of this little-publicised issue Suryono Darusman The writer is a retired Indonesian diplomat. THE part played by the Indonesian intellectual in the process of leading a people of diverse ethnic origins and cultures towards nationhood can be traced back1,071 words
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736 1993-01-30 31 Sree Kumar - In-house Opinion By Sree Kumar Sree Kumar is a Fellow of the Institute of Southeast Asian Studies. RECENT remarks by journalists, commentators and academics point to conflicting signals over the formation of an Asean free trade area (Afta). Asean's dream of greater economic736 words
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Article, Illustration802 1993-01-30 31 Sergei Goncharenko - Russia a year after the USSR's break up Sergei Goncharenko surveys the tough problems of the past 12 months, while looking optimistically to the future Sergei Goncharenko Sergei (ioncharenko is a Senior Adviser and Research Fellow at a \loscow-fxised research institute. JANUARY 1993 marks the start of the second year802 words
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Article, Illustration907 1993-01-30 31 Denny Roy - Denny Roy suggests that it will come from sources difficult to counter Denny Roy Dr Denny Roy is a Lecturer in the Department of Political Science. National University of Singapore. ON January 3, US President George Bush and Russian President Boris Yeltsin signed the Start II907 words
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Article, Illustration1232 1993-01-30 32 Chew Tai Soo - Chew Tai Soo considers some of the qualities needed in candidates seeking permanent seats on the Council Chew Tai Soo Ambassador Chen Tai Soo is Singapore's Permanent Representative to the UN. The views expressed are personal. WHEN the Security Council was1,232 words
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Article200 1993-01-30 32 THE rapidity with which changes in the global political scene have occurred over the last few years has placed a premium on timely and accurate analyses of such developments and what they mean for countries in various parts of the world. For the countries200 words
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Article, Illustration1019 1993-01-30 32 Tan Keng Soon - Societies' values come in for inspection by Tan Keng Soon Tan Keng Soon Tan Keng Soon is an ex-journalist and is currently self-employed. He holds a Masters degree from the University of Michigan. SHOULD there be restrictions on the freedom of expression? This question sounds1,019 words
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Page 29 Advertisements
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Advertisement10 1993-01-30 29 The Straits Times Making an issue of the major issues10 words
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Advertisement176 1993-01-30 29 YOUNG PARENTS IS PROUD TO SPONSOR A seminar for parents teachers Understanding and Helping Pre-School Children [""♦Dynasty Hotel Saturday, Feb 20, »93 8.30 am 5.30pm Are your 5-6-year-olds able to cope i with Mandarin and English? How can parents and teachers help jk Bah, What are Singapore pre-schoolers 'ike intellectually176 words
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Page 30 Advertisements
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Advertisement214 1993-01-30 30 Trends A monthly puNk.jn<«i of the InMilulc ■>! SoulhcaM A<nn SluJif. The Publication Editors-in-chief S. Rajaratnam Sharon Siddique Editor Derek da Cunha Associate Editor P. Lim Pui Hucn Assistant Editor Goh Sui Noi International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. Koh214 words
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Page 32 Advertisements
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Advertisement98 1993-01-30 32 Tliey need potions on Wentine's Day Our readers are clamouring for new ideas! It could be an enchanting place for dinner An endearing gift item. A romantic entertainment programme. Or simply a place for them to say "I love you" without too many distractions. As an advertisei; you must have98 words
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