The Business Times, 6 February 1993
1993-02-06
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The Business Times
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Title Section15 1993-02-06 1 SINGAPORE Business Times MITA (P) 552/12/92 Weekend Edition, February 6-7 1993 WE KNOW ASIA 75*15 words
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561 1993-02-06 1 Tokyo warns of retaliation if US acts against Japanese airlines AFP Reuter UPI TOKYO Against a background of growing trade friction among the world's trading nations, Japan yesterday reported that its current account surplus soared to US$ 117.62 billion (S$ 194.31AFP; Reuter; UPI - 561 words
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241 1993-02-06 1 Reuter SEOUL South Korea imposed tough anti-dumping tariffs on a Chinese import yesterday just hours after Beijing diplomats moved into their new embassy in Seoul and hoisted their flag. South Korea and China, a staunch ally of Seoul's arch-foe Pyongyang, ended decades ofReuter - 241 words
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Article, Illustration538 1993-02-06 1 Lilian Ang, Sylvia Wong - By Lilian Ang, Sylvia Wong SINGAPORE Listed Wing Tai Holdings has sold its Inchcape House to US-based computer giant Hewlett-Packard (HP) for 5135.34 million in the first major commercial property transaction this year. The deal, which was sealed yesterday,538 words
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243 1993-02-06 1 Bloomberg Business News BEIJING Chinese trading companies arc making plans to retaliate against Japan's imposition of dumping duties on a key steel-making material, a Chinese trade official told Bloomberg Business News yesterday. Chinese trading companies affected by the duties on ferrosiliconBloomberg Business News - 243 words
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268 1993-02-06 1 Reuter SINGAPORE Asia's Newly Industrialising Economies (NIEs) may post a steady 4-6 per cent annual growth in the 1990s against a high single or double-digit growth in the 1970s and through most of the 1980s mainly due toReuter - 268 words
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442 1993-02-06 1 Dexter Lee - By Dexter Lee SINGAPORE Little-known Singaporean businessman Sim Ping Sai has clinched the distributorship for the German luxury car marque BMW in Cambodia marking another major foray into the emerging Indochinese market. Mr Sim, who has been selling used cars in Cambodia for the442 words
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2am LATEST
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Article67 1993-02-06 1 Reuter LONDON Britain is expected to launch next week a penetrating review of government spending aimed at curbing ev-er-growing demands on the public coffers, officials and political sources said yesterday. The review part of a push by Prime Minister John Major to improve central governmentReuter - 67 words
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59 1993-02-06 1 Reuter UNITED NATIONS The Security Council yesterday approved sending a battalion of 750 soldiers and support staff to patrol the potentially explosive frontier between Iraq and Kuwait and use force to repel any incursions. A resolution, adopted by a unanimous 15-0 vote, leavesReuter - 59 words
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58 1993-02-06 1 AP JERUSALEM Israel yesterday gave the International Red Cross a list of 101 Palestinian deportees who will be permitted to return to Israel after seven weeks in exile, the Defence Ministry said. The offer was immediately rejected by deportees at their frigid no-man'sAP - 58 words
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Article, Illustration118 1993-02-06 1 Stock Market Mom Frifejr Chaage 7r -1.618 64 -8.44 KLSE Composite 644.83 I 88 Nikkei 17.332.90 +142.27 ""8 s 5.747.21 -30 8 SET Index 980 0S +7.89 Jakarta Composite ...292.04 2 84 CLSA China B 1.499.6 +105 4 Aust AM Ord 1.543.3 +11.9 FTSE 100 2.862.9 -3.0 Frtiajr118 words
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Page 1 Advertisements
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Advertisement6 1993-02-06 1 BusinesslT Every Monday in Business Times6 words
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Advertisement7 1993-02-06 1 Personal Finance Investment Stock-picking secrets el 47 words
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Advertisement190 1993-02-06 1 Hock Lock Siew Are stock splits good for you? Pg 5 Since 1735 there has never been a quartz Blancpain watch. And there never will be. ill Pa f" w -^i fl 2 r f \/^S 11VI m v/ f I\\ tf<r tffi n%.,i> m\\l Uk fmMtr V\\l VVvW *c>190 words
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Advertisement14 1993-02-06 1 A-/ ><\ V\ Lifestyle Cover Story hj p£CEWtD w\ The loneliness of the lork iw14 words
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Advertisement54 1993-02-06 1 BusinesslT Every Monday in Business Times CONTENTS I Spore News 2 fp£3Esa*___ 5.6 fepatf Ifcwi 3 Franco! 7 NMdNnrs 4 Opnon EL2 CtoO/KLS. SES 11.12 Epore a 10 ReponJ 9 Sports 13.14 WorW J TV/Uestyle ai2 Ctrrenoes I Beponal Focus —15 SlMa/CoMnaMes S sl*arripUM Td 11(»*****77 Fa 7444*75 ■T Editorial54 words
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SINGAPORE NEWS
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Article, Illustration398 1993-02-06 2 Kooi Cho Teng - Prices for entry into new Batam club set at $30,000 Reports by Kooi Cho Teng BATAM'S Tering Bay Resort, whose shareholders include Hotel Properties' Peter Fu, will market memberships here in March. The US$2OO million (***** million) project is being398 words
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Article, Illustration271 1993-02-06 2 AUSTRALIAN golf celebrity Greg Norman will set up an office in Singapore this year. At a press conference yesterday, Mr Norman said the local branch of Greg Norman Design would handle sales and marketing, while design staff will continue271 words
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215 1993-02-06 2 Nirmal Gosh - By Nirmal Gosh A SINGAPOREAN indicted in a US court over his alleged role in smuggling orang utans to Moscow in 1991 is being investigated by the Commercial Crimes Department in connection with the case, according to a police spokesman. The spokesman added that no215 words
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232 1993-02-06 2 NTUC INCOME has reported good results in the motor field an area generally considered unprofitable. Its motor insurance premium income was $68.4 million in 1992, up 19 per cent from $57.4 million the previous year. It also registered 19 per cent premium232 words
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219 1993-02-06 2 Hong Lee Tiam - By Hong Lee Tiam THE chairman of the Singapore Retailers Association has urged the government to keep any goods and services tax (GST) simple. Teh Ban Lian said yesterday that overseas experience showed that such taxes were difficult and costly to implement. The government's219 words
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309 1993-02-06 2 Alec Almazan - By Alec Almazan PHILIPPINE President Fidel Ramos will arrive in Singapore on Thursday, Feb 11, for a three-day state visit aimed at strengthening trade and investment ties between the two countries. "The visit is part of the President's round309 words
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Article, Illustration36 1993-02-06 2 onti u n 8 tradition of many years, Prime Minister Goh Chok Tone hosted a Chinese New Year dinner for the Mentri Besar of Johor, Muhyiddin Yassin, at the lstana last night.36 words
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349 1993-02-06 2 Soh Tiang Keng - By Soh Tiang Keng AN AUSTRALIAN firm which supplies computer software to insurance companies has earmarked investmentlinked life insurance and reinsurance as avenues for more local sales. Philip Small, a director of the Sydney-based Paxus group, said in Singapore yesterday the company was349 words
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176 1993-02-06 2 THE security bond for all foreign workers on work permits,, other than those from Malaysia, will be raised to $5,000 per worker from April I. Currently, the bonds for these non-traditional source (NTS) foreign workers range from $1,000 to $3,000. The176 words
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Page 2 Advertisements
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Advertisement86 1993-02-06 2 Ul.i _i- j llfSjfe Easng a watch Ant km tex,n 9 fas k V| I ST -'|p Taxpayers in the US can file their tax J returns on computer software M h M 4MV and transmit them electronically. B What does the Inland Revenue Ml mM Authority of Singapore say?86 words
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THE REGION
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Article, Illustration563 1993-02-06 3 Teh Hooi Ling - Fujian provincial city to spend lb renminbi on new schemes By Teh Hooi Ling SINGAPORE Fuqing city in China's Fujian province plans to spend more than a billion renminbi (***** million) on infrastructure in the next few years to attract foreign investors.563 words
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220 1993-02-06 3 Reuter HANOI Nations through which the lower Mekong river flows agreed yesterday to work towards a treaty to govern the use and development of what is one of Asia's greatest waterways. "Today marks the opening of a new chapter in the history of...MekongReuter - 220 words
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193 1993-02-06 3 Reuter WASHINGTON The prospect of speeding up the normalisation of relations with Vietnam is under serious review by the Clinton administration but there is no timetable for action, the US State Department said on Thursday. "We recognise that we haveReuter - 193 words
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527 1993-02-06 3 Salil Tripathi - Reports by Salil Tripathi in NEW DELHI THE Indian government is trying to woo Jurong Town Corporation to help develop the proposed Madras Industrial Park at Shollinganallur in the southern state of Tamil Nadu, Indian officials say. Singapore's Senior Minister of State527 words
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390 1993-02-06 3 THE cameras of CNN focused on India only when there was bad news such as the postAyodhya riots, Singapore's Minister for Information and the Arts, George Yeo, said yesterday. BG Yeo told a press conference that the international media tended to see only390 words
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308 1993-02-06 3 INDIA and Singapore arc set to cooperate closely in the fields of the arts, heritage and archives. A memorandum of understanding signed yesterday by the two countries will mean, among other things: participation by Indian artists in this year's Singapore308 words
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293 1993-02-06 3 Malaysian constitutional crisis AFP Bernama KUALA LUMPUR A meeting of the Malaysian Bar ouncil. called by lawyers to garner support for government moves to abolish legal immunity enjoyed by the nation's hereditary rulers, was stopped in its tracks by lack ofAFP; Bernama - 293 words
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169 1993-02-06 3 Bloomberg Business News KUALA LUMPUR Malaysia's central bank. Bank Negara, will announce that Malaysia's gross domestic product in the third quarter of last year grew by a relatively weak 6.5 per cent, the New Straits Times reported yesterday. A Bank NegaraBloomberg Business News - 169 words
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ASIA NOTES
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20 1993-02-06 3 Reuter mmmmm the project forward to June. Reuter 3nUar> M,tl ma y brm 8Reuter - 20 words
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Article43 1993-02-06 3 NST SEREMBAN Umno Youth expressed regret on Wednesday over earlier Reuter reports claiming that the rn,m»™v r. y fcnee l ,urmoil fol ov^ mg constitutional amendments fence Minister Najib Tun Razak who is akn til £il l. and'h^'dism^s^^lh^rc^rts^baLlcs^dcli^ratc/^V""^ 11^NST - 43 words
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47 1993-02-06 3 AFP i Minister Kiichi Miyazawa said yesterdav the Fhll, PP' ncs and volcano S2 request from Philippine Foreign Secretary Roberto Romulo here on a five-day stay since Tuesday, for an increase in official assistance with notable growth in grant aid. AFPAFP - 47 words
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85 1993-02-06 3 Bernama P ai Forcign Ministcr Sunn Pitsuwari has called on the United Nations to investigate reports that other S? un J"5 V? e° ,hc UN-backed ban on taking logs out of Cambodia. Mr Sunn said the allegations have placed the credibility of the UNBernama - 85 words
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77 1993-02-06 3 AFP "T!-,±r Wi inevitab, y overtake Taiwan and Hongkong s the leading foreign investor in Vietnam, members of Japan's powerful Federation of Economic Organisations (Keidanren) prenS C v !!f re ye erda y- Vietna mese ofllcials complained during the first Vietnam-Japan Economic ConferenceAFP - 77 words
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65 1993-02-06 3 AFP MANILA Two Spanish nuns kidnapped by Muslim bandits in the southern Philippines have been released unharmed after three weeks in captivity, the Spanish embassy here said yesterday No details were immediately available, but embassy sources confirmed! Carmelite Sisters Fatima Urribaren, 38, and Julia Forester,AFP - 65 words
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Article, Illustration360 1993-02-06 3 UPI LEGASPI, Philippines Authorities readied massive evacuation plans around Mount Mayon volcano and townspeople prayed yesterday as experts predicted a violent eruption within days. "All the conditions are there." said government seismologist Bart Bautista. "Its gearing up for a major eruption." The PhilippineUPI - 360 words
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394 1993-02-06 3 Maggie Ford - From Maggie Ford in JAKARTA INDONESIA will still require an anti-subversion law in its new legal code because of the danger of underground activities undermining national unity, Attorney-General Singgih told MPs during a hearing earlier this week. But he said that Jakarta's anti-subversion law,394 words
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Page 3 Advertisements
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Advertisement9 1993-02-06 3 A slowdown that bodes well lor Malaysia, Pg 159 words
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THE WORLD
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WORLD WATCH
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112 1993-02-06 4 Reuter MEXICO CITY Mexico's Commerce Department announced in a preliminary ruling that US steel producers have been dumpproducts "at prices lower than their production costs" in tiie Mexican market. It said the government will impose antidumping tariffs ranging from 0.8 per cent to 39.3 perReuter - 112 words
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Article, Illustration37 1993-02-06 4 Reuter BRAZZAVILLE, Congo Belgian parachutists of the 3rd battalion based in Tielen train close combat at their camp in Kinshasa, Congo, on Thursday. Belgium troops were scheduled to start leaving the Congo yesterday. ReuterReuter - 37 words
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Article93 1993-02-06 4 Reuter UNITED NATIONS The Security Council intends to approve a battalion of armed troops to patrol the demilitarised zone between Iraq and Kuwait and use force to repel any Iraqi incursions. But diplomats said that the United Nations would not dispatch the three infantry battalions recommendedReuter - 93 words
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95 1993-02-06 4 Reuter WASHINGTON Prime Minister Brian Mulroney of Canada said that he hoped to develop close ties with President Bill Clinton but was concerned about "winds of protectionism" blowing m Congress. Mr Mulroney made his remarks on arrival for talks designed as a get-acquainted meetingReuter - 95 words
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Article97 1993-02-06 4 UPI WASHINGTON President BiU Clinton said he is sending Secretary of State Warren Christopher to the Middle East to revive the stalled peace talks being boycotted by Arab and Palestinian delegations, upset with Israel's mass deportation of alleged supporters of terrorism. The announcement cameUPI - 97 words
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Article116 1993-02-06 4 Reuter SAN FRANCISCO Mayor Frank Jordan said he would lead a delegation to five Asian countries to strengthen San Francisco s business and cultural ties with Asia. The delegation of 30 businessmen, cultural leaders and city officials will leave on Feb 13 for a two-weekReuter - 116 words
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65 1993-02-06 4 AP W^H IN CTON —Kimba Wood, the Federal judge who prePrP^HAnf r o"V^ n anc,er Michael Milken's fraud case, is President Clintons expected choice" for attorney general a v 1T t atlon mdals said. The Washington Post and 49 \,2ZL°u JTV 4 1AP - 65 words
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542 1993-02-06 4 Construction boom prompts new move AFP ABU DHABI A construction boom has prompted Gulf Arab states to ease restrictions on imported building materials and embark on new projects to face soaring demand. As prices rise, Saudi Arabia has said it was lifting tariffsAFP - 542 words
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306 1993-02-06 4 FT PARIS French Prime Minister Pierre Beregovoy said Britain was heading down a dead-end, in his strongest attack yet on UK economic and monetary policies. "I feel today that Britain is going down a dead-end path. And that is true for everything," heFT - 306 words
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Article, Illustration734 1993-02-06 4 IHT rAKia By easing its monetary policy at a critical time, the Bundesbank has helped revive the stalled drive for European economic and political integration. But the German central bank, analysts and officials said on Thursday, needs to cut interest rates furtherIHT - 734 words
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213 1993-02-06 4 Reuter STUTTGART The German public sector unions, which staged an 11-day strike last year, set a tone of moderation for remaining 1993 wage with a pay deal well below the rate of inflation. Public service unions and employers agreed to a 3 perReuter - 213 words
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326 1993-02-06 4 Reuter WASHINGTON President Bill Clinton on Thursday reaped the benefit of his predecessor's two-year campaign for lower interest rates overseas, as Germany and Japan eased monetary policy. The White House immediately welcomed the moves, which should help spur lagging economic growth inReuter - 326 words
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379 1993-02-06 4 First legislative victory for Clinton NYT WASHINGTON The Senate gave President Clinton his first legislative victory on Thursday night, passing the family-leave bill to guarantee workers up to 12 weeks of unpaid leave for medical emergencies. The measure was approved in a 71-27 vote. MrNYT - 379 words
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430 1993-02-06 4 NYT WASHINGTON Robert E Rubin, a former co-chairman of Goldman, Sachs Co, who is President Clinton's top economics adviser, sent a letter in December to many of his clients urging them to continue doing business with the investment banking firmNYT - 430 words
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272 1993-02-06 4 Reuter WASHINGTON Economic policymakers from the powerful Group of Seven industrial nations will hold an early, informal meeting soon, a US official said on Thursday, amid mounting concern about the health of the world economy. The meeting, which will take place inReuter - 272 words
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COMPANIES & MARKETS
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377 1993-02-06 5 Sylvia Wong - By Sylvia Wong SINGAPORE City Developments Ltd will buy the site of Shell Eastern Petroleum's former oil tank farm at Woodlands. The property giant clinched the site put up for tender in November last year with a bid of slightly more than $55 million377 words
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205 1993-02-06 5 SINGAPORE Listed First Capital Corporation (FCC) said yesterday that the Housing and Development Board (HDB) had officially awarded to the group a huge residential site at Loyang for $73.4 million. The site, which covers 104,784 sq metres, is one of seven205 words
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368 1993-02-06 5 Rahita Elias - By Rahita Elias SINGAPORE Singmarine Dockyard and Engineering, a member of listed Singmarine Industries, has opted to build a $26 million dock to replace Floating Dock No 1, which last year sank twice in less than two months. A group statement released yesterday disclosed368 words
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297 1993-02-06 5 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE It looks like another unexciting year at the Big Four local banks, as far as promotions go. United Overseas Bank has revealed that it has promoted 675 people, or 11 per cent of staff, including the elevation of only297 words
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242 1993-02-06 5 SINGAPORE Fraser A Neave (FAN) will change the ratio for allocating shares and warrants under rights and bonds issues it intends to launch. The group last month announced that it would raise between $340 million and $367 million in an unusually structured242 words
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724 1993-02-06 5 Conrad Raj - HOCK LOCK SIEW By Conrad Raj SINGAPORE Are stock splits or bonus shares good for a counter? Looking at food and beverage stock Cerebos Pacific and national carrier Singapore Airlines, it's hard to tell. For Cerebos, splitting its stock and724 words
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Article, Illustration413 1993-02-06 5 Rahita Elias - By Rahita Elias SINGAPORE Sesdaq-listed GB Holdings has signed an agreement which paves the way for subsidiary American Marine to build yachts for Little Harbor Customs Yacht of the US. The vessels, ranging from 42 feet (12.8 metres) to413 words
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Article, Illustration289 1993-02-06 5 Performance of STII's index stocks Feb s <f) 122 0010 166 S- A( T.200 6.IS Ccrebos 4 780 -0.020 4.09 3.28 FAN 11 400 -0.100 9.74 16 39 GF Asu 3.160 -0.100 2.70 16.39 GcnMag 0.865 -0.010 0.74 I 64 Haw Par 2.430 -0.010 2.08 I 64 Inchcapc 6.700289 words
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COMPANIES
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COMPANY BRIEFS
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Article27 1993-02-06 6 SINGAPORE Powermatic Data Systems has appointed Lye iun Mun as a director. Mr Lye is a senior lecturer with the National University of Singapore.27 words
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45 1993-02-06 6 SINGAPORE The Hilton International Singapore Hotel opens tor business again today. The Civil Defence Force and Public Utilities Board gave its approval following a safety inspection. I he hotel was closed after a fire hit its electrical switchroom last week.45 words
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Article, Illustration44 1993-02-06 6 Reuter CHICAGO Members of the media checking out at the review of the Ford F-150 Eddie Bauer Expedition, complete with camouflage paint treatment, at the Chicago Auto Show preview on Thursday. The car show opens to the public today. ReuterReuter - 44 words
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Article91 1993-02-06 6 MBT KUALA LUMPUR United Engineers (Malaysia)'s directors have approved the acquisition of two subscriber shares of Msl (550.63) each in Lintasan Kedua (M) (Link). The company's principal activities are to undertake the construction, operation and maintenance of highways and bridges in Malaysia. In a statement, UEM hasMBT - 91 words
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58 1993-02-06 6 Knight-Ridder BANGKOK Th 3' Olefins Co Ltd on Thursday awarded a 750-milhon-baht (5548.6 million) contract to Thai Co-Generation Co Ltd, which will supply, install and operate a utilities plant. The central utility plant will be located next to Thai Olefins' petrochemical plant being built at MabKnight-Ridder - 58 words
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359 1993-02-06 6 South China Morning Post HONGKONG Legal proceedings in the US have raised serious questions about the operating methods of state-owned China Venture Tech and its foreign subsidiaries. The US Commodity Futures Trading Commission (CFTC) this month closed Standard Forex Inc, in which VentureSouth China Morning Post - 359 words
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192 1993-02-06 6 UPI ATLANTA A jury returned judgment totalling U*****.2 million (SS 173.6 million) on Thursday against General Motors (GM) in a wrongful death suit filed by the parents of a 17-year-old killed when his truck, equipped with an allegedly faulty "Sidesaddle"UPI - 192 words
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348 1993-02-06 6 Reuter BANGKOK The Thai Securities and Exchange Commission (SEC) has approved a new set of requirements for the stock market, including for the first time a set of rules for companies that operate outside Bangkok and its suburbs. The new rules, to beReuter - 348 words
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409 1993-02-06 6 Reuter TOKYO Sanyo Electric Co Ltd, operating in the red for a second year, is planning heavy staff reductions and a shift in production to low-cost Asian plants, Sanyo President Yasuaki Takano said. Japan's eleventh biggest electronics company plans to reduceReuter - 409 words
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Article, Illustration51 1993-02-06 6 Reuter NEW YORK Brokers on the floor of the New York Stock Exchange watching monitors on Thursday. The Dow Jones Industrial Average rose 42.95 points on Thursday to close at 3,416.74, a new all-time high. Trading was heavy as the average share gained 22 US cents.Reuter - 51 words
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257 1993-02-06 6 MBT KUALA LUMPUR The New Straits Times Press (M) (NSTP) announced on Thursday the appointment of Mohd Noor Mutalib as a director of the company. He has also been designated managing director effective Thursday. His appointment is in place of Khalid Ahmad, whoMBT - 257 words
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589 1993-02-06 6 MBT KUALA LUMPUR Time Engineering has entered into two separate conditional sale and purchase agreements to acquire the entire stakes of both Modcomp IT (M) Sdn Bhd and Gelombang Udara Sdn Bhd for M 526.64 million (5516.78 million). In a statement, Time saidMBT - 589 words
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118 1993-02-06 6 BANGKOK PTT Exploration and Production (PTTEP), the Petroleum Authority of Thailand's wholly-owned exploration and production arm, is to make a public offer of 40 million shares, the company announced in a statement issued this week. According to The Nation, the share offer118 words
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423 1993-02-06 6 Bloomberg Business News WELLINGTON Fletcher Challenge announced yesterday that it plans to merge its methanol operations with those of Methanex Corp of Canada, creating the world's largest methanol processor and marketer. The deal, which is subjcct to approval by Methanex shareholders, is based onBloomberg Business News - 423 words
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FINANCE/ COMMODITIES
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487 1993-02-06 7 Harish Mehta - But first 3 firms given approval last year failed to get started By Harish Mehta SINGAPORE Three more little-known Singapore firms have recently been given the greenlight to set up banks in Cambodia, even though the first three Singapore companies487 words
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247 1993-02-06 7 Reuter HONGKONG San Francis-co-based Bank of America plans to open a representative office in Hanoi, the first US bank to return to Vietnam since the 1975 fall of the non-Communist south, a bank spokeswoman said yesterday. Bank of America still needs approvalReuter - 247 words
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241 1993-02-06 7 South China Morning Post. HONGKONG Leading bankers have called on the government to use the exchange fund to boost the local foreign exchange market, which is lagging just behind that of Singapore at number six among the world's financial centres. They areSouth China Morning Post. - 241 words
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268 1993-02-06 7 Reuter BfcIJING China's central bank wants to open a gold exchange in Shanghai to tie into international markets and to establish an offshore banking centre in a bonded area of the city's Pudong development zone, a senior official said. The official, from theReuter - 268 words
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Article, Illustration496 1993-02-06 7 DBS Bank weekly currency review US$/DM Bears mauled! Aggressive buying of the greenback this week saw the unit break the critical resistance of 1.6200. The announcement of an interest rate cut by the Bundesbank on Thursday night further accelerated the rise which saw US$/Dm reach496 words
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262 1993-02-06 7 Bloomberg ENERGY REPORT LONDON Oil futures prices in New York and London fell yesterday morning as traders remembered that Opec's track record of keeping its promises to cut output is not very good, traders said. Oil futures surged on Thursday after Alirio262 words
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Article, Illustration139 1993-02-06 7 The US dollar strengthened across the board after the Bundesbank cut its Lombard rate by 0.5 points and its discount rate by 0.25 points. Against the Ss, the US$ crept to a high of 1.6540 before profit-takers and corporate supply emerged. Another volatile day for139 words
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Article206 1993-02-06 7 Bloomberg Business News LONDON The dollar ended half a pfennig lower in Europe as news of a 108,000 rise in US non-farm payrolls in January failed inspire fresh optimism about the economic outlook, traders said. Investors who had ridden the 6 per cent rise of the dollar against theBloomberg Business News - 206 words
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Article92 1993-02-06 7 Knight Ridder NEW YORK The US dollar continued broadly lower in a slow market winding down for the weekend yesterday. At 1200 EST, the dollar traded at 1.6550 deutschemarks, down from 1.6590 late on Thursday in New York, and at 124.30 yen, down from 124.60. Deajers said theKnight Ridder - 92 words
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Article, Illustration1323 1993-02-06 7 /ruJf'Hfifhwd index calculated against Spore's lop 14 trading partners Hose \var 198} US$/S$ forward rates Noon Feb 3 ss Bid Oflcr 1-month 1.6505 1.6520 2-month 1.649} 1.6510 3-month ***** 1 6499 6-month 1.6452 1.6472 &»»<»■ OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at lion ynstarday: Singapore dollars to ok1,323 words
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COMMODITIES & FUTURES
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Article1301 1993-02-06 8 SIMEX REPORT Reuter SINGAPORE Eurodollar futures ended marginally firmer in moderate trade with the market largely squared oil and awaiting the 1330 GMT release of pivotal US unemployment and payroll figures for January. "W here the Euros will move from here depend on tonight's figures."Reuter - 1,301 words
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966 1993-02-06 8 COMMODITIES REPORT Tin KUALA LUMPUR The price of tin continued its uptrend closing 15 sen higher at MS 15.00 per kg on the Kuala Lumpur Tin market yesterday in line with the USS2O rise on the London Metal Exchange. Malaysian tin966 words
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Article1594 1993-02-06 8 Rubber MS Commodity Exdiaag (futures dosing as at lpa) KS5 1 Contract (Scents/kg) Vfunih Oosc Volume Open Month High Low Sett (tonnes) Interest Feb 93 Z Z Z Z Mar 93 150.50 149.75 149.75 500 4 825 *f* ***** 151.05 151.25 1.250 6250 J 1 3 153.00 152.501,594 words
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REGIONAL STOCK MARKETS
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Article971 1993-02-06 9 11.9 A bullish performance by Wall Street overcame continuing preelection nerves on the Australian share market yesterday. Brokers said gains would have been higher but for doubts over the election date and the likely outcome. "It was pulled up, kicking and struggling all the way," one broker said. The971 words
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Article574 1993-02-06 9 +4.97 Share prices settled firmer yesterday as buyers emerged late from the sidelines, inspired by overnight gains on Wall Street and shedding initial concern about the explosion of Mayon volcano southeast of Manila, brokers said. The Manila Stock Exchange composite index closed 4.97 points up a! 1.342.01 in what574 words
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Article596 1993-02-06 9 +49.97 Share prices closed higher across the board in active trade yesterday, climbing for the sixth straight day after the resignation of Premier llau Pei-tsun eased domestic political tensions. The Weighted Index ended 49.97 points or 1.4 per cent higher at 3,621.46. Turnover was a very active NT526.2 billion.596 words
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Article359 1993-02-06 9 -6.73 Profit-taking in reaction to rises in the past three days overwhelmed follow-through buying. sending the weak stock market to a lower close, brokers said. "Most traders had forecast a technical adjustment following the bull run for three straight sessions. Out I'm concerned about the bigger than expected dip359 words
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Article290 1993-02-06 9 19.57 The New Zealand share market ended the week strongly, the NZSE-40 Capital Index closing 19.57 points or 1.27 per cent higher at 1,554.50. Sharebrokers said the New Zealand bourse followed bullish foreign exchanges and was further buoyed by Fletcher Challenge's announcement it was selling its methanol assets.290 words
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Article78 1993-02-06 9 10.88 Blue chip and ccmcnt shares yesterday made small gains in quiet trading on the last day of the account for specified shares, brokers said. The Bombay Stock Exchange (BSE) Index rose 10.88 points to 2.648.89 alter recovering from the day's low of 2,616.99. The National Index rose 11.1378 words
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WORLD STOCK MARKETS
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Article708 1993-02-06 9 Britannia Funds Sftrtfai Cash Bid Offer Mim t jp Depot! *W| '00 *J8 moo Mim Jenry Gill A1860 0 1458 Mim VU» Income ****** ****** I SS ash Income Plus Fund 9 7.*JO I0 2VJ0 PS S Hoove Fund 5.2000 5.2100 Euro Pcnorrruncr .0.4520 0 4*60 Far Em Fund *2.6708 words
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Article611 1993-02-06 9 -3.0 Equities ended slightly lower yesterday, capping* off a week that saw new highs, as the market braced for company results and possible rights issues next week. The FTSE 100 Index of leading shares closed 3.0 points lower at 2,862.9. Turnover was an above average 691.9 million shares. "The611 words
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Article120 1993-02-06 9 +2.9pc The Paris Bourse finished the trading week in a wave of euphoria yesterday, in the wake of a reduction of German interest rates, traders said. The CAC-40 stock price index ended the day at 1,908.18 points, up 2.9 per cent from the Thursday close to the highest level120 words
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Article100 1993-02-06 9 I.BBpc The Stockholm bourse rode a wave of interest rate optimism to end the week with strong gains yesterday. The all-share index closed up 1.88 per cent at 923.27. After the close the Central Bank (Riksbank) said it would, indeed, cut its lending rate to 9.75 per cent from100 words
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Article225 1993-02-06 9 +2.5pc The Frankfurt share market reacted to Thursday's longawaited interest rate cut and public sector pay settlement with a leap to its highest level in over six months. The 30-share DAX Index jumped 2.5 per cent, or 39.76 points, to a close of 1,641.37. It was the biggest one-day225 words
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Article166 1993-02-06 9 +6.67 Some afternoon profit-tak-ing erased more than half the Belgian share market's early gains yesterday, when shares were boosted bv fur- ther interest rate cut hopes and an overnight record high on Wall Street. "I think it is all going a little too fast and apparently I am not166 words
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Article143 1993-02-06 9 1.27pc Italian stock prices closed on an upbeat note after Prime Minister Giuliano Amato comfortably survived a no-confidence vote in parliament. The MIB all-share index closed 1.27 per cent higher at 1,114, with the underlying trend rising some 1.36 per cent at the close. After a slow start, mirroring143 words
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Article270 1993-02-06 9 +4.27 Dutch shares closed firmer across a broad front yesterday, supported by Thursday's cut in German interest rates, the stronger dollar and further gains on Wall Street. The EOE Index closed up 4.27 points or 1.45 per cent at 298.31. Industrials and other cyclicals bounced back after falling sharply270 words
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Article274 1993-02-06 9 10.1 Swiss shares ended firmer, but off the day's high after an easier dollar and a weaker start on Wall Street brought blue chips slightly lower, dealers said. The all-share SPI Index rose 10.1 points to 1.294.1. The market had earlier profited from the positive tone on other European274 words
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Article276 1993-02-06 9 16 South African shares were mixed at the close yesterdav as industrials dragged themselves off lows to post mild gains, but other shares remained around earlier lows. The JSE Industrial Index was 16 points higher at 4,597. Dealers said the market was pausing after sharp gains on Thursday, and276 words
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Article292 1993-02-06 9 +22.4 Toronto stocks firmed in heavy early dealings yesterday as a continued good tone in the Canadian dollar and bond markets spurred optimism. The TSE-300 Index climbed 12.21 points to 3,378.60 on volume of 14.61 million shares valued at C 5135.4 million. Advances outstripped declines 231 to 140, with292 words
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Article796 1993-02-06 9 +42.95 Stock prices on Wall Street climbed to new heights yesterday following news of declining unemployment, but investors warily eyed prospects that long-term US interest rates would rise. At 16(X) GMT. the Dow Jones Index of 30 leading industrials stood at 3,433.20 points, up 16.46 points. Trading was796 words
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Article, Illustration2425 1993-02-06 10 Reuter SHARE PRICES yesterday recovered slightly from their lows and closed easier after a day of slow hut choppy trade, brokers said. The Hang Seng Index eased 30.80 points to close at 5,747.21, against the day's low of 5,728.77. "There has been some profit-taking all along because the marketReuter; Source: Bridge Info - 2,425 words
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Article, Illustration458 1993-02-06 10 THE Shenzhen B market had a major rally yesterdav he CLSA Shenzhen B Index rocketed 14.8 per cent to 1,561.40 amid a turnover of 4.55 million renminbi The market was thin with only 400.000 shares traded The market was filled with buyers and the few available offers were quickly458 words
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Article, Illustration2340 1993-02-06 10 Reuter STOCKS ended higher yesterday, but off highs on dealer posi-tion-squaring ahead of the weekend. Sentiment was encouraged by overseas gains after the German rate cut and steady buying by public pension and insurance funds. But profit-taking weighed heavily on the topside, brokers said. "The Nikkei is gaining andReuter; Source: Bridge Info - 2,340 words
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Article, Illustration1752 1993-02-06 10 Reuter BANGKOK BANK of Commerce (BBC) yesterday finished 44.5 per cent up at 60 baht on its first day of trade after an 11-week suspension while the stock market in general moved up slightly, brokers said. The SET index gained 7.89 points, or 0.81 per cent, to close atReuter; Source: Bridge Info - 1,752 words
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Article, Illustration860 1993-02-06 10 Reuter STOCKS closed strongly yesterday. with gains across the board except in the normally favoured hanking sector, brokers said. The market is being driven by mainly foreign interest, one broker said, adding that the surge would continue. Japfa rose 25 rupiah to 2,525 on 1.087 million shares traded, whileReuter; Source: Bridge Info - 860 words
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Article, Illustration1503 1993-02-06 11 Source: Bridge Info Source: Bridge Info HOST ACTTVC vcfcgm Multi-Purpose 10.347.000 Idns Hyd 50c 7,688,000 kjmunlinj 50c 3.JJI 000 Kcnonc Bhd 50c 3.400 000 Mulpha Intl 50c 1.423 000 Land A General 1.376.000 Anul Slccl 50c 1.099 000 Promel 1.039.000 Sd Properties 166.000 M Resources t02 000 PublicSource: Bridge Info - 1,503 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3858 1993-02-06 11 Bernama KUALA LUMPUR Prices on the Kuala Lumpur share market Finished higher in heavy trading yesterday although the key index wavered ahead of the close on light selling of selected component stocks. The KLSE Composite Index ended at 644.83, up 1.88 points. It hadBernama; Source: Bridge Info - 3,858 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1064 1993-02-06 12 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Local shares, led by blue chips and foreign counters, corrected for the third day after closing at an all-time high on Tuesday. Brokers say investors continued to take profits on selected index-linked stocks, driving the Straits Times Industrials IndexSource: Bridge Info - 1,064 words
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Article, Illustration64 1993-02-06 12 Paul Leo - HOT STOCK Paul Leo GENERAL Magnetics* downward move to yesterday's close of 86.5 cents from 90.5 cents on Wednesday is over. The stock is likely to move to $1.00 soon. The five-week moving average line has cut the 15-week moving average line from below supporting the bullish view.SOURCE: BRIDGE INFO - 64 words
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Article3368 1993-02-06 12 Main board c--» IS <£> h* M £r INDUSTRIAL AND COMMERCIAL 210 210 s igV* 30c 2m +3 345 3 265 271 272 S'3 »U 53 18" 3 IS g ,£,'U«IH IS 8 I f 3 1 i'| is a »S§ffl '8 I IS S3 iS-S S I 1 fll3,368 words
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Page 5 Advertisements
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Advertisement559 1993-02-06 5 s S TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 P"————^ j NOTICE i NOTICE IS HEREBY GIVEN that, I, I CHUA SIE CHOON of 52, Meragi Road, Sin- I gapore 1648, have applied for a Retail Liquor Shop licence in respect erf premises at M/s Yak j Siang Chinese559 words
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Advertisement195 1993-02-06 6 BUSI N E S S TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 I Ik oub securities pte ltd 1 ffl luSSS (A wholly-owned subsidiary of Overseas Union Bank) If i We are embarking on further expansion and invite you to join our dealing teams as follows: if I I195 words
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Advertisement48 1993-02-06 8 Find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. o N#TSURE WHERE Tm PUT WUR MiINEY? Get the answer in Personal Investment Finance. Every Saturday in Business Times. Business Times48 words
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Advertisement179 1993-02-06 9 your very own hassie-free MCTRONK yEwS'fliwiN6sawff! A ncWB and °J cr P«rt«ncnt information on companies luted on the Stock Exchange And for tuktcriwtUm to mt mmim U«« 111 of Singapore Clob International are important to you and vour business then SPH ,k; Z'lUt T 9 F month, you and your179 words
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Advertisement11 1993-02-06 10 ({Business is, in one sense, a procession IWB of problems.?? ISBSpI11 words
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Advertisement172 1993-02-06 11 YOUR VERY OWN HASSLE-FREE wS&K SSB^ N ws aip EiN£Jgvi^ e. newi and p °i cr Pf rtincnt information on companies listed on the Stock Exchange And for »mk»eri»H»m tmm mf mmlm Nr« 111 Singapore Clob International are important to you and vour business then SPH «ik»-rik* a,;"* mont h»172 words
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Advertisement20 1993-02-06 12 NOT SURE WHERE TO PUT TOUR MONEY? Get the answer in Personal Investment Finance. Every Saturday in Business Times Businesslunes20 words
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SPORTS
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Article, Illustration807 1993-02-06 13 Shahiron Sahari - Johnnie Walker Classic Scotsman Montgomerie is his new joint leader Golf By Shahiron Sahari SINGAPORE Nicholas Alexander Faldo of England still leads the Johnnie Walker Classic at the Singapore Island Country Club, while his fellow superstars all cleared the second round comfortably at the endPhoto by Arthur Lee - 807 words
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SCORE CARD
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Article, Illustration51 1993-02-06 13 Reuter NEW YORK Results of National Basketball Association games on Thursday: New York Knicks 105 Golden State Warriors 101; New Jersey Nets 113 Seattle SuperSonics 103 (ot); San Antonio Spurs 133 Indiana Pacers 115; Chicago Bulls 107 Los Angeles Gippers 105 (ot); Los Angeles Lakers 114 Utah Jazz 110Reuter - 51 words
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Article, Illustration463 1993-02-06 13 AFP Reuter AFP SINGAPORE Second-round rewits and qualifiers for yesterday's third round at the Johnnie Walker Classic: 135 Colin Montgomerie (Sco) 68 67, Nick Faldo (Eng) 67 68 136 Ernie Els (SA) 71 65, Choi Sang-Ho (SK) 69 67 137 Sam Torrance (Sco) 73 64 138 Fred Couples (US)AFP; Reuter - 463 words
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Article, Illustration307 1993-02-06 13 Reuter AFP AFP AP AP YOKOHAMA Quarter-final results in the $750,000 Tony Pan Pacific Open yesterday (prefix number denotes seeding): 1-Steffi Graf (Ger) b Yone Kamio (Jap) 6-1, 6-2; 3-Martina Navratilova (US) b Nathalie Tauziat (Fra) 6-1, 6-2; Jana Novolna (Cze 4) b Pam Shriver (US) 6-7 (5-7), 6-3,Reuter; AFP; AP - 307 words
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613 1993-02-06 13 Shahiroo Sahari - By Shahiroo Sahari SINGAPORE Spectators at the Johnnie Walker Classic at the Singapore Island Country Gub this weekend can have free golf lessons with an interesting backdrop of professionals practising their driving. Called the Volvo Tour Teaching School, the 15minute lessons will be613 words
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Article215 1993-02-06 13 SINGAPORE Tournament leader Nick Faldo tees off today at 11.30 am, along with co-leader Colin Montgomerie (Scotland) and South Africa's Ernie Els, who is a stroke behind on 136. The day's action begins with Stewart Ginn of Australia and England's Carl Mason teeing off at 7.30 am215 words
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Article, Illustration543 1993-02-06 13 NYT PEBBLE BEACH, California A fresh start might not seem like a good idea when the recent past includes consecutive US Open victories, but that is exactly Curtis Strange's intention coming into 1993. Strange hasn't had a victory since he won his secondNYT - 543 words
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SIDELINES
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106 1993-02-06 13 Reuter PEBBLE BEACH, California South African David Frost con»,s outstanding putting to claim a one-stroke lead over nXr On o Urtfv after the of the US$l.25 million Pebble Beach National Pro-Am. Frost, who led by two with 10 holes to play at last week'sReuter - 106 words
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109 1993-02-06 13 AFP ORCHARD PARK New York The BufTalo Bills sacked general manager Bill Polian on Thursday, four days after the Natioiwl Football League club lost their third straight Super Bowl. Polian took charge of the team in 1986 after a 2-14 season ,n "Hee/ears he transformedAFP - 109 words
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Article, Illustration54 1993-02-06 13 Reuter BOSTON Retired Boston Celtic basketball legend Larry Bird on Thursday pulling back the Los Angeles Lakere' jensey of friend and rival Earvin "Magic" Johnson to reveal a Boston Celtics' jersey underneath. Johnson joined the Celtics in honouring Bird's retirement with "Larry Bird Night"Reuter - 54 words
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110 1993-02-06 13 AFP NEW YORK Don King was plotting to stage the American revolution all over again on Thursday after winning a purse bid for Lennox Lewis' World Boxing Council (WBC) heavyweight I'rcc Tucker Solberg said King bid U5512.16 million (5520.03 million) to stage the fight inAFP - 110 words
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Article98 1993-02-06 13 AP LAUSANNE, Switzerland The International Olympic Committee on Thursday formally denied a Norwegian newspaper r K) f! hired a top public relations firm to campaign for the Nooel Peace Prize. "The International Olympic Committee categorically denies that it has asked Grey/GCI, or any agency to campaignAP - 98 words
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93 1993-02-06 13 AFP NEW YORK r— The New York Yankees signed their top 1992 pitcher, Melido Perez, to a US$l4 million (Ss23 million), fouryear contract here on Thursday. Perez and the dub were to go to arbitration later this month, with Perez asking US$3.B millionAFP - 93 words
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505 1993-02-06 13 NYT LOS ANGELES At a rent-a-car office 16 years ago, Jerry Jones handed his credit card to a woman behind the counter. She checked the card's number, then picked up a pair of scissors and cut the card in half. "Young man," she said, "you'veNYT - 505 words
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Article, Illustration761 1993-02-06 14 Championship boxing weigh-ins sometimes can be more fun than the match itself NYT NEW YORK They all laughed when Michael Dokes, at a luncheon designed to show he was still alive, downed a prodigious meal of soup, Caesar salad, shrimp scampi, pasta and the entire garlic-breadNYT - 761 words
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SHIPS IN PORT
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Article413 1993-02-06 14 ton *y» fcriwl PqHrtat ¥t««l Woy Hp B«rth fcriwl Pytot J^. 17 8 6 alongside 06 12/2300 HuaS SSf 3 PoT 05 02/2300 GST 1 9M1 29 5/5 2S SS Vafl0mmerenl 1NU TO ata s,de «02/1700 SJvatour n? !S! £!52 x W **side 05 02/2300 Blossom Forever413 words
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Article1408 1993-02-06 14 DELIVERY OF Fa IMPORT CONTAINERS IN PROGRESS Hi Cwfajwi awhMt Sty) toy Hi ConUiwt mhM» rw, c^.,.. k Gen Trona 2850 COO(EST) 04 02 93 2300 Rh 1 ?1L 04.02.93 0830 UN Concord M02W COD(EST) 05.02.93 1500 injn 04.02.93 0845 An Fremantle ***** COO(EST) 05 0293 0700 EtaO*1,408 words
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Page 14 Advertisements
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Advertisement9 1993-02-06 14 The Straits Times Weekly Overseas Edition HOME BROUGHT CLOSER9 words
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Page 14 Miscellaneous
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Miscellaneous284 1993-02-06 14 CRYPTIC CROSSWORD Lines addressed to queen, DOWN f l ed student (8) YESTERDAY'S SOLUTION 12 Tnes charges out that's 2 bold as cured farmhouse what takes the money (4,8) i i,,i,, i, h h i m i i, mice? (8) 14 Mountain nymph takes InMuMeMomoMoMMli e- urS( ex^ m P'284 words
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REGIONAL FOCUS
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Article, Illustration1818 1993-02-06 15 S Jayasankaran - There are signs that the Malaysian economy is slowing down. However, experts say there is no cause for concern. S Jayasankaran reports S Jayasankaran Malaysian Business KUALA LUMPUR After 22 quarters of gung-ho growth, the inevitable seems to have happened to the MalaysianMalaysian Business; Source:; Surce: - 1,818 words
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Article1323 1993-02-06 15 =s na< j GA860 0020 GA928 0305 MiliHi SQ228 2015 RJI87 Q135 SQ319 0810 SQ342 2300 KL837 1545 KL838 2350 flarMnd N221 1700 NZ22 1825 SQ286 2045 GF148 0850 T »Sari S«gMrM K421 TIo5 SQ182 0930 SQ181 1425 814 22 1205 P429 2030 B»430 2125 SQ691,323 words
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Page 15 Advertisements
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Advertisement64 1993-02-06 15 I HOME. I DEUVEREDI WEEKLY I Someone ck»e has been living in Canada for some years. You've given up writing those long letters. The Straits Tunes Weekly tells it better. (He might come back after reading all the good news.) To your principals and business associates overseas, It's assuring that64 words
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Advertisement56 1993-02-06 15 I Your son is studying overseas. And you want him close to home with news from home. You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. You travel often on business and want to catch up on your return. The week's main56 words
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Advertisement40 1993-02-06 15 Fly Finnair's new Business Class to Europe. Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. know the world from start to Finnish.40 words
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Article, Illustration577 1993-02-06 16 Round table gathering seeks ways to tackle reforms Reuter MOSCOW Russians from all walks of life met yesterday for a last-ditch attempt to revive the nation's stricken economy, now dying of neglect as parliament, government and president quarrel over how to save it.Reuter - 577 words
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323 1993-02-06 16 BONN The German government said it hoped surprise cuts in interest rates and a moderate public sector pay deal would help lift the country out of recession. But a sharp rise in unemployment in both eastern and western323 words
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525 1993-02-06 16 Reuter PHNOM PENH The Cambodian government army has withdrawn its tanks and some troops from areas where it has been on the offensive in central Cambodia, a United Nations spokesman said yesterday. Eric Berman, spokesman for the UN Transitional Authority in CambodiaReuter - 525 words
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Article, Illustration36 1993-02-06 16 Reuter r ft S|»in Apprentice bullfighter Julian Zamora trying to escape k fighting bull after he lost his footing during bullfight action on Thursday. He was not seriously injured in the incident. ReuterReuter - 36 words
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283 1993-02-06 16 Bloomberg Business News WASHINGTON The unemployment rate decreased to 7.1 per cent in January, the lowest in a year, the Labour Department said. The economy also added 106,000 non-farm jobs last month, the largest gain since last July, accordingBloomberg Business News - 283 words
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255 1993-02-06 16 AFP BEIJING China's ailing state enterprises may get an income tax break to make them more competitive with dynamic foreign-invested firms, an official newspaper said yesterday. State firms are expected to have their tax rate cut from 55 per cent toAFP - 255 words
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437 1993-02-06 16 Reuter UPI HONGKONG China's top leader Deng Xiaoping has said China's "biggest problem" is Chris Patten's proposal to expand democracy in Hongkong and has warned the British governor to drop his plan, the China-funded Ta Kung Pao newspaper reported hereReuter; UPI - 437 words
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364 1993-02-06 16 AFP TOKYO A Japanese mariI time officials hinted yesterday that China could be behind what he described as a surge in the number of harassments against ships in the East China Sea between the two countries. An official of theAFP - 364 words
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194 1993-02-06 16 Reuter BOMBAY The Indian rupee slumped to a record low on the Bombay interbank foreign exchange market yesterday with dealers expecting a full float of the currency to be announced in the end-February national budget. The rupee fell briefly to a lowReuter - 194 words
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351 1993-02-06 16 Ray Heath - From Ray Heath in LONDON IN A MAJOR re-shufTle of the board of British Airways, Lord King yesterday announced he was retiring early as chairman, and taking the new title of president of UK flagship carrier. Lord King had not been scheduled351 words
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Page 16 Advertisements
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Advertisement5 1993-02-06 16 MANAG^MENO Monday in Business Times5 words
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Advertisement9 1993-02-06 16 German unions agree on 3pc pay rise, Pg 49 words
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Advertisement5 1993-02-06 16 Management"! Monday in Business Times5 words
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Executive Lifestyle
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Article, Illustration1522 1993-02-06 17 Nirmal Ghosh - Nirmal Ghosh tunes in to the loneliness of the long-distance traveller who has to leave the family behind Nirmal Ghosh FOR CLOSE to seven years, consultant Michael Loh would come home only on Friday nights and leave again on Sunday afternoons. His job demanded it. "My daughter was1,522 words
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STRAWS IN THE WIND
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Article34 1993-02-06 17 A COLLEAGUE was told that in the Year of the Rooster, it's bad luck to eat chicken for the first 15 days. Guess who told him that? A duck rice seller.34 words
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Article40 1993-02-06 17 A RESEARCH firm seems to have some happy people in it. Its head of research is Merrily Chiam, its analyst is Jolly Ng. Their colleague, Eddie Lee, is now thinking of changing his name to Ecstatic Lee.40 words
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Article67 1993-02-06 17 ONE OF the statutory boards has a PR officer named Friendly, while a private hospital here has a nurse named Patience. They must have had their careers mapped out when they were born. But it's nothing compared to a colleague's experience when he was late making67 words
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Article76 1993-02-06 17 AT A luncheon discussion hosted by US publishing group Dow Jones Co this week, speakers had a whale of a time talking about Hillary Clinton. Albert Hunt, Washington bureau chief of The Wall Street Journal, started his speech by saying Asians will have an opportunity to see the76 words
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OPINIONS
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Article, Illustration942 1993-02-06 18 Harish Mehta - The young novelists are writing a new chapter in literature, says Harish Mehta Harish Mehta The writer is a BT correspondent YOUNG Indian novelists have hijacked the English language. And they have also hijacked the coveted Booker prize and millions of dollars942 words
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780 1993-02-06 18 A M Rosenthal - Ge a Co Powell's appointment as chaitman of the US Joint Chiefs of Staff committee was a milestone for the blacks in America. Why then, asks A M Rosenthal, doesn't he allow members of another minority group to join the military? ANYT - 780 words
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1073 1993-02-06 18 Roger A Portnoy - Roger A Portnoy suggests a few ideas on how the government can help to bring out andnurture the entrepreneurial spirit in its people Roger A Portnoy The writer is chief global strategist of Thomson Financial Services. He contributed this commentary to BT. AS A FOREIGNER who1,073 words
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PROFILE
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Article, Illustration3467 1993-02-06 19 Alex Kershaw - The Alger Hiss saga appears to be drawing to a close, with Kremlin papers suggesting that America's most famnnc <** «<> scare Alex Kershaw of The CardiaMekenßAe man Xhi JS&TE ioSce KT94B mOK Alex Kershaw TO THOSE unversed in the bitter controversies of the Cold War, it3,467 words
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PERSONAL FINANCE & INVESTMENT
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BULLS' EYE
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Article, Illustration56 1993-02-06 20 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities Daiwa Securities Singapore. DBS Asset Management Kay Hian James Capel, Kim Eng Securities, Peregrine Securities Morgan Grenfell Asia Securities, Phillip Securities OCBC Securities. Ong Co. UOB Securities and WI56 words
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Article178 1993-02-06 20 Ong Co (Feb 4) Inchcape Bhd. Buy at $6.70. Undemanding price-earnings ratio for a diversified company. San Teh Rubber. Buy at $1.10. Strong ties to multinationals for keypad production. (JOB Warrant 94. Play on Singapore's economy. Phillip Securities Research (Feb 5) SNP. Earnings have bottomed out after two years178 words
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Article, Illustration243 1993-02-06 20 Crosby Research (Bangkok) The upwards market move which began quietly at the end of last year as the Sia Song scandal faded into the background, developed into a full-fledged rally in early January as the SET Index rose 11.5 per cent to a 30-month highSource: Bridge - 243 words
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Article, Illustration285 1993-02-06 20 David Mason - David Mason David Mason, 42 Partner, international accounting firm. Specialist in GST (Goods Services Tax). ST is coming but I -w- will bottom line suffer? For the vast majority of domestic businesses (exports are tax-free), the answer is no because GST is neutral to registered businesses; what285 words
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Article, Illustration1136 1993-02-06 20 Agnes Chen - Agnes Chen finds out the investment strategy of a top-ranked fund manager Agnes Chen IF THERE is a formula for successful stock-pick-ing, top-ranked fund manager Anthony Rawlinson may have it. With the zeal of a messiah, Rawlinson preaches a system of 10 simple testsSource: The Private Bank - 1,136 words
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1594 1993-02-06 20 Joseph Rajendran - STOCK Joseph Rajendran looks at how much upside is left in Creative Technology stock Joseph Rajendran CREATIVE Technology has made millionaires of its main shareholders, and many small investors have made their pile too since the company was listed on Nasdaq, the US'1,594 words
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Article, Illustration126 1993-02-06 20 Paul Leo - By Paul Leo INVESTORS looking to buy Creative Technology because of strong fundamentals can afford to wait for a lower entry level and those holding on to the stock could well take profit. The chart is showing a divergence in that as price reaches126 words
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Article, Illustration882 1993-02-06 21 Dawn Tan - Dawn Tan on the attraction of offshore investment Dawn Tan THE SINGAPORE businessman has been slow to venture overseas, but his wealth may find its way offshore quicker. The tax breaks and often secrecy offered by tax havens like Western Samoa and nearby Labuan, are tempting to882 words
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Article, Illustration276 1993-02-06 21 Paul Leo - Spotlight currency By Paul Leo THE MALAYSIAN ringgit is poised to weaken further against the US$ to M 52.6770. But before jumping in to sell the ringgit now, investors should note that technicals are calling for a correction from current levels back to M 52.6020Source: TeleTrac - 276 words
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632 1993-02-06 21 ACU deposit rates by various banks as at Feb 2, 1993) Jgg-WOO 41M AIM 3 SW»-10W00 4 ij/15 41V1< 31/16 NX* 10,000- 30,000 (im <<■ (f JWOO-IOWOO 6 VI6 6 V16 «y? 4 3,000-90,000 5M < u u 3WOO-IOWOO 313/16 313/16 SU/16 IQjOOO- 30JD00 a 77 7W 3JJ00- 100,000 11/16632 words
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Article, Illustration293 1993-02-06 21 Kooi Cho Teng - But SICC sticks to $30,000 transfer fee, reports Kooi Cho Teng Kooi Cho Teng FEE HIKES proved to be the flavour of the month, with several clubs announcing a revision in fees as they ushered in the new year. Singapore Island Country Gub293 words
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Article, Illustration504 1993-02-06 22 SUSAN TSANG - Cinema Review By SUSAN TSANG (OLD BOOKS can be dangerous for you. LBesides the dust getting up your nose, the Soowerful Sumerian prose in one book can •vhisk away pretty girlfriends and pop you nto a different time. Director Sam Raimi, •vho brought us Darkman, now brings504 words
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Article, Illustration728 1993-02-06 22 RINGO LIEW - CD Review By RINGO LIEW HARRY CONNICK Jfc 25 The battle for Harry Connick Jr's soul continues on his latest album, released to mark a quarter of a century of existence and also to look back at his evolution as an artiste from the time he728 words
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Article, Illustration978 1993-02-06 22 Nirmal Ghosh - Nirmal Ghosh discovers a strong awareness among Filipinos of their country's artistic heritage as well as a healthy growth of interest in contemporary paintings Nirmal Ghosh JUAN LUNA's fabulous Spoliarium dominates the National Museum in Manila. The theme of this 1884 masterpiece was inspired byPhotos from Manila's National Museum - 978 words
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Article, Illustration968 1993-02-06 22 MICHAEL WICKMAN - II JVM IVOfBS By MICHAEL WICKMAN A FUNNY THING happens in the city of Albuquerque, New Mexico, every October the city goes nuts over balloons. Not the sort you blow up for a child's birthday party, but huge and colourful spheres and tear drops,Photos by Wendy Chan - 968 words
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Article, Illustration827 1993-02-06 23 SUSAN TSANG - Art Review By SUSAN TSANG THE EXHIBITION of Liu Kang's works cuiTently on at the National Museum Art is only the fourth solo exhibition by the pioneer artist here. It is thus a must for anyone at all interested in local art. After ail, this is827 words
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HEALTH & FITNESS
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HEALTH Notes
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113 1993-02-06 24 FROZEN vegetables may turn you off, but in effect they may be more nutritious than fresh ones. Because vegetables rot easily, fresh ones are picked as soon as possible to allow for transportation and shelf time. Those meant for freezing, though, are given more time to113 words
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Article72 1993-02-06 24 EMOTIONS may play a bigger part in your health than you think. Hooking volunteers up to monitoring machines, researchers at the Stanford University asked them to recount anger-provoking experiences. Results showed that stress restricts the blood supply to the heart, which could aggravate existing heart72 words
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74 1993-02-06 24 THE LINK between high blood pressure and a high-stress job has just been proven. Doctors studying the health of employed males found that those who confessed to having high-stress jobs had higher blood pressure and enlarged hearts. The irony of it all: occupational medicine doctors often74 words
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101 1993-02-06 24 SALTY foods do not necessarily cause high-blood pressure. In fact, 80 per cent of us can consume as much salt as we wish without any risk to our blood pressure. Yet as identification of the susceptible 20 per cent is impossible, dieticians advise101 words
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118 1993-02-06 24 WASHING with water does not remove the pesticides on your fruits and vegetables. In fact, soapy water might not even do the trick, not if the fruit or vegetable has been waxed to give it an attractive shiny appearance and to prevent it from shrivelling.118 words
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91 1993-02-06 24 CUTTING down on the butter in your diet may save you fhany calories, but not if you are placing your trust in margarine. Both contain the same number of calories per gram, almost all of which are derived from fat. Of course, margarine is91 words
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Article, Illustration645 1993-02-06 24 Susan Tsang - A hearty breakfast may not be such a healthy recipe for sound living after all, says Susan Tsang Susan Tsang FOLK wisdom has it that "Breakfast is the most important meal of the day." Ergo, "Never skip breakfast." If that sounds like a recipe645 words
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796 1993-02-06 24 SECOND OPINION WHOEVER needs excuses to carry on their unhealthy, addictive habits would have been pleased with last weekend's Health Notes, which tells cof-fee-addicts to "Carry on Quaffing". Then, wine enthusiasts (they wouldn't admit they were addicts, would they?) are told that796 words
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PEOPLE
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Article, Illustration212 1993-02-06 24 ONE THOUSAND five hundred pieces of jewellery worth over $15 million from India were put up for sale in aid of the Home Nursing Foundation at the Hyatt Hotel last month. Caught up in the spirit of the event, several prominent ladies helped out byPhotos by Arthur Lee - 212 words
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TIME OFF
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Article, Illustration905 1993-02-06 25 Nirmal Ghosh - Nirmal Ghosh drops in on the regulars at a watering hole with a rock music theme Nirmal Ghosh ASSORTED eerie beings and gargoyles, grotesquely lit from within, peer from the walls. Rock posters Led Zeppelin, Jimi Hendrix, The Doors, Pink Floyd lurk behind them.Photo by Arthur Lee - 905 words
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Article, Illustration497 1993-02-06 25 Nirmal Ghosh - It s no Heartbreak Hotel, but the Tanjong Pagar pub is a godsend for devotees of the King, as Nirmal Ghosh finds out Nirmal Ghosh TANJONG Pagar after dark is a strange place, cool and quiet outside, warm and throbbing within. If you didn't497 words
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Article125 1993-02-06 25 Ike Lady of Soul and Her Ultimate 'S' Machine A contemporary political satire about a government which decides that a nation needs more "soul" to make it a vibrant place. It's one of the first batch of plays to be passed under the new guidelines set out by the125 words
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Article517 1993-02-06 25 Bryan Adams Waking Up The World. Bryan Adams, whose Straight from the Heart was a top 10 single recently known for his massive hit Everything I Do, I Do It For You, will entertain you mightily. Singapore Indoor Stadium tonight at 8 pm. Tickets at Sistic outlets are: $40517 words
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Article145 1993-02-06 25 Airplane! Singapore Film Society presents this spoof of every disaster movie. PG rating. Goethe Institut Auditorium. Friday. Feb 12 at 6:30 pm. Airplane II The Sequel Singapore Film Society presents the sequel to the hilarious first movie. Colour. PG rating. Goethe Institut Auditorium. Singapore Shopping Centre. Friday. Feb 12145 words
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Article795 1993-02-06 25 Lecture Recital The recitals starts with a talk by pianist Mary Mosher Humm on forms and styles in keyboard music of the 19th and 20th centuries. Im Salle School of Music. Tuesday from 6 to 7 pm. The series continues until Feb 23. For registration, call 344-4300.795 words
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Article76 1993-02-06 25 Entrepreneur-ship in Family Business Management NTU-Peat Marwick offers a course over four evenings which will examine growth financing and financial management. corporatising the family business to meet global challenges and employing outsiders as managers. Hilton Hotel from 6:30 to 9:30 pm. Feb 11. 12. 18 and 19. Registration fees76 words
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Article88 1993-02-06 25 Thaipusam The Indian Festival of Purification is celebrated by all Hindus in Singapore and Malaysia. The procession begins at Perumal Temple in Serangoon Road and leads to Chettiar Temple in Tank Road today from early morning to dusk. Musical Fountain Special For Valentine's Day, celebrate by88 words
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Article265 1993-02-06 25 Israeli Film Festival Five films will be presented at the Jubilee Hall. Raffles Hotel at 6.45 pm and 9:15 pm beginning Feb 24: The Summer oj Aviya. Laura Adler's Last Love Affair. When the Sight Falls. Mrs I's Miss (Irit and Irit) and Thousand and One265 words
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Article110 1993-02-06 25 MICHAEL WICKMAN - Compiled by MICHAEL WICKMAN The Johnnie Walker Classic This is the most prestigious golf tournament in South-east Asia with some z, of the world's top golfers playing for the coveted championship trophy and $1.3 million. Singapore Island Country Club. Bukit Course, today and tomorrow. Tickets at 560 per day110 words
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EPICURE
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Article, Illustration1136 1993-02-06 26 Audrey Tan - Audrey Tan meets the man behind the self-heating can of food Audrey Tan YOU could say that Paul Tan likes a bit of heat in his life. After all, he is the man who took the concept of canned food one step further and gave1,136 words
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Article635 1993-02-06 26 N K YONG - Wine By N K YONG THE RECOGNITION now that white wines have an equally beneficial effect on heart disease as red makes it easy to select wines. Decent budget-priced white wines (under $30) are in fact easier to find than red, even among French635 words
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Article, Illustration482 1993-02-06 26 JAIME EE - Bon Appetit By JAIME EE CONTRARY to popular belief, there is a difference between health food and eating healthily. The first requires you to load on the beans and never mind the gas; the latter merely asks that you exercise a little common sense and imagination when482 words
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Article, Illustration466 1993-02-06 26 NIRMAL GHOSH - By NIRMAL GHOSH A TINY newspaper advertisement caught Executive Lifestyle's eye this week. It proudly proclaimed that Duxton's Chicago Bar and Grill at Duxton Hill was under new management. "Tantalise your taste buds with our American food," exhorted the ad. It also promised a466 words
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Article, Illustration1127 1993-02-06 28 A Few Geed Mm. Egged on by an earnest Demi Moore, unambitious navy lawyer Tom Cruise defends two marines accused of murder and confronts the acerbic base commander head-on. Jack Nicholson lends a touch of fiendishness to the commander. Yishun 10: 9.30pm. Acrid—lll Hero. Dustin Hoffman plays a reluctant1,127 words
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Page 17 Advertisements
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Advertisement163 1993-02-06 17 The Gift Voucher That Can Be Used In So Many Ways s for—T*fmrnMkm,cji2W 9433/223 8333' HMf v f 1 II V j& B| 1 a— (hjM O &> fip%-~ s££U|hc^H' tV £s& -"V- f ff?s .^^^B^MißMffi^Egt^^P Available exclusively SINGAPORE lakui;i Maia Shop 433 Orchard Road. •02-42/43/44, Wisma Atna. Singapore 0923163 words
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Page 18 Advertisements
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Advertisement158 1993-02-06 18 YOUNG PARENTS IS PROUD TO SPONSOR A seminar for parents teachers Understanding and Helping Pre-School Children Dynasty Hotel Saturday, Feb 20, '93 O 8.30 am 5.30pm Are your 5-6-year-olds able to cope with Mandarin and English? h HoW c^p^ rents and teachers help What are Singapore pre-schoolers pre-schoolers in other158 words
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Page 18 Miscellaneous
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Miscellaneous66 1993-02-06 18 DOONESBURY GARRY TRUDEAU HEY..HARRJS! SORRY. B. P.-1 ITS AN AUESOHB SET- LITTLE EARLY TMffVS NEXT SATURDAY. WERE HAVE- UfISOUTUXXING SAY UP! GOLF, TENNIS, TO SHOPPING AMINMEi TSSHT NOMJONP&R YOU BEEN ATTHE6GW6N WHAT? BEACH, POOL—THE FOR HOMES, &fT T CAN'T' UHS/V THERE WERE ALU PAY? QMS RETIRE- UJORKS! CHECKOUT TT*YOURPEN- sonHAJE66 words
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Page 21 Advertisements
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Advertisement255 1993-02-06 21 13\ Consulting omc« Lf\Group Wo^ dwid, A Career With PA Consulting Group RECRUITMENT CONSULTANTS Attractive Salary Package (Ref. 4992) Having established ourselves as a leading executive search consultancy company in Singapore since 1969, we now wish to further extend our recruitment activities in response to increased demand for our services.255 words
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Page 23 Advertisements
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Advertisement238 1993-02-06 23 Someone dose has I HtflPffiCH vh. weM beenlvhig Your son in Canada is studying for some years. overseas. You've gven up And you writing those BMttUiiH want him Th^te^nLc Ck^ K tohome Weekly te*s It bettet -with news (Hemgit from home. comeback ■fffryfffTTlH after reading aB the good news.) II238 words
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Page 26 Advertisements
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Advertisement288 1993-02-06 26 A ci'q'o Rnntrnnfr /■V\|/| I)(I II I 111 ly Who dares wins is the new motto. And the Year of the AUIVI U 1/ vV/lliiilW Rooster offers ample opportunity for investors to show some gumption. Start by looking at the now-revived Singapore stock market. Then venture further afield. This month's288 words
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Page 27 Advertisements
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Advertisement642 1993-02-06 27 EMfl Nothing Beats A Bud, feafl OF *7tmc /U Penang High Tea At only $11.80++ per adult and $6.80+ per child, The combined experience of inclusive of coffee/tea, this is our Penang chefs total 80 one high tea with a years to bring you the best! difference you should sa642 words
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Advertisement331 1993-02-06 27 WHERE TO WINE, DINE AND ENTERTAIN Make Up For Every Meal You've Had To Skip This Week If you've been living on a solid diet of work-and-not-much else lately, give yourself a well-earned rest and head for th< Plaza Hotel's Sea food-Theatre Restaurant this weekend Select any item from our331 words
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Advertisement335 1993-02-06 27 &ourmasicte/ I r V- I Btyeux Hon fit I Top of the M to~=E Caen Deauville I taste Normand|<g§| NORMANDY\ I I iL I "T.r kEEEmP^££? r[l M .<=JC~», I Hillside Lounge presents I HI 20% Off on I The veteran local band, featuring Singapore's very premium brands I own335 words
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Page 28 Miscellaneous
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Miscellaneous2058 1993-02-06 28 TODAY'S TV Asian Classic 1993. i —wmm a a M IBi< 11-30 Saturday Soccer 5«« ffr. ian Soccer 1993. T .rS .vyP*** Jangan Bilang Siapa-Siapa, Wonders In China, 9.00 am, 12.30 AM Close. JJ-J5 J""8« And Frieuds. 4.00pm, SBCS SBCB 11m Hilarity results when Andi This episode highlights the at.2,058 words
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Miscellaneous279 1993-02-06 28 RADIO Mag Stars, BBC, Saturday, King Dusyanta who falls in love with a young hermit girl, February has a fascinating dis- Sakuntala. They marry but the play in the night sky. Most of n 8 leaves her to return to his the brightest stars are on show, court. Will he279 words
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