The Business Times, 21 August 1993

Total Pages: 28
1 28 The Business Times
  • 14 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, August 21-22 1993 75*
    14 words
  • 648 1  -  By S N Vasuki SINGAPORE An apparent correction yesterday in the surge of the Japanese yen has sent a wave of relief throughout South-east Asia. While analysts conceded that the yen's retreat to the 105 level against the US dollar may
    648 words
  • 457 1 AP. Reuter NEW YORK Proclaiming newfound concern about the rising yen, the US government moved decisively to halt the dollar's plunge against the Japanese currency at least for now. But whether Washington will defend the dollar
    AP.; Reuter; Source: Bridge Info  -  457 words
  • 202 1 Reuter LONDON British chocolate and soft drinks group Cadbury Schweppes pic swallowed a fifth of US drinks firm Dr Pep-per/Seven-Up for around USS23O million yesterday but denied that it planned a full takeover. Cadbury. the third largest soft drinks company in the
    Reuter  -  202 words
  • 521 1  -  By Amy Balan SINGAPORE The Singapore and Kuala Lumpur stock markets yesterday stampeded to yet another record-shatter-ing day on the back of strong buying of blue chips. The Straits Times Industrials Index soared 23.49 points or 1.21 per cent to an all-time high of
    521 words
  • 658 1  -  The Potong Pasir MP will lose his seat in Parliament By Anna Teo SINGAPORE The Singapore Democratic Party (SDP) has expelled its former sccrc-tary-general Chiam Sec Tong, a move which would cost the Potong Pasir MP his scat in Parliament. But Mr Chiam, who founded
    658 words
  • 2am LATEST
    • 86 1 Rcuter WASHINGTON The United States had a budget deficit of U5539.58 billion (5563.3 billion) in July, compared with a surplus in June of USS 11.1 billion, the Treasury Department said yesterday. A year ago in July 1992, the government recorded a budget deficit of
      Rcuter  -  86 words
    • 73 1 AP GENEVA Serb and Croat leaders yesterday accepted a compromise peace plan for Bosnia, but Muslims opposed the plan and were given 10 days to deliver their final response. The packagc was assembled by international mediators Lord Owen of the European Community
      AP  -  73 words
    • 69 1 Bloomberg Business News EVEN DALE, Ohio General Electric Co said yesterday that it plans to cut about 4,000 jobs at its aircraft engine unit. Most of the cuts, which had been rumoured earlier this week, involve white-collar employees, and the "vast
      Bloomberg Business News  -  69 words
  • Article, Illustration
    107 1 Stock market indices Friday Cly%t Sill 1.972.27 +2J*9 KLSE Composite 805.51 Nikkei 20.W7.26 *0J| Hang Seng 7.545. 36 -jSjO SET Indct ...958.68 +J33 Jakarta Composite .387.91 -fw CLSA I hioa B Ausl All Ord 1,927.1 +9 y FTSE 100 3,057.6 frifcj IWlp lp« fkapt Do* Jones 3.603.19 3.6J<.^3
    107 words
  • Page 1 Advertisements
    • 16 1 ■fp— I Down, down, down... Impact of higher yen on South-east Asian currencies, economies Pg 15
      16 words
    • 10 1 Lifestyle Cover Story: el i New stage in East-West ties
      10 words
    • 122 1 Hock Lock Siew: pg 5 Kmart: Right partner for Metro? SINGAPOftf: THE HOURGLASS Lutky Pla/<i Tel: 7 *****0/1 Scotts Tel: *****27/7198 Centrepornt Tel: *****98/603 Peninsula Pla*a Tel: *****09/*****63 V x 'V™*™ Rank Tel H***** Wor,d T'adeCentre Tel *****07 Chang, A.rpor, Terminal 1 (East West Wings) Tel: *****69 A). lz Terminal
      122 words
    • 3 1 Unit tijgp: qfff&ift*
      3 words
    • 58 1 v\ Travel notes: el 6,7 *3 Rock city of the ancients I CONTEHfB~in Nam Cmtjmtm Sport Nfws 2 SporeWsia .5.6 Report News 3 fmmUt 7 World News 4 ats o**lsl«ru2 fcwws Ui.7 tefw* _L 9 Sports 13.14 W«H< '9 TV/Ra*o ELI2 Cmrmcm £.7 Focus IS Smk/Gmm -a S tßfcailfrU— M
      58 words

  • SINGAPORE NEWS
    • 454 2  -  Conference on Doing Business in China By Teh Hooi Ling FOREIGN INVESTORS in China must pick their projects wisely as some Chinese industries are already suffering from excess capacities or supply bottlenecks. They must ensure that the project is
      454 words
    • 361 2  -  By A J Leow THE ONUS is on Singapore investors to check the reliability of Chinese real estate developments when buying into them, said a senior Chinese official here yesterday. Wang Shiyuan, the viceminister of the State Commission for Restructuring Economic
      361 words
    • 416 2 THE Economic Development Board (EDB) is giving another boost to Singapore's regionali sat ion programme with the launch soon of Singapore's first Country Investors' Club for Vietnam. If it succeeds, similar clubs will be set up for other investment markets. EDB's
      416 words
    • 359 2  -  By Genevieve Cua SINGAPORE Telecom and Singapore Post yesterday signed three-year collective agreements (CAs) for bargainable staff their first as corporations. The agreements aim to bring staff wages and benefits in the two companies in line with the private sector. In a speech at
      359 words
    • 227 2 THE LOCAL tourism industry should do more to sell itself as an employer, Singapore Tourist Promotion Board (STPB) chief Pek Hock Tham said yesterday. Although the industry had aggressively promoted Singapore as a destination, it was "remarkably modest" when it came to selling itself,
      227 words
    • 393 2  -  From Loh Hui Yin in BANGKOK SINGAPORE entrepreneur Sim Wong Hoo of Creative Technology has bagged another award, along with fellow Singaporean Liu Thai Ker. Mr Sim, whose company is famous for its multimedia products, was honoured for his efforts in
      393 words
    • 268 2 A 15-MEMBER trade mission from Wales has arrived here on a six-day visit. The mission, led by Welsh Export Office director Ken Smith, is part of an initiative by the British authorities to help small and medium-size Welsh firms seize trading opportunities in Asia.
      268 words
  • Page 2 Advertisements
    • 116 2 PROPERTY '93 There is a mad scramble to buy residential property. Investors want to buy ahead of what they believe would be further price increases, and speculators are out to take advantage of that. But how long will the current rally in the market continue? To answer this and many
      116 words
    • 6 2 rSowTi VIETNAM* I I TheStraitsTfflies Buanes^Bines
      6 words

  • THE REGION
    • 492 3 Reuter. UPI BEIJING China's flourishing province of Guangdong has moved to regain control of its chaotic property market, banning land sales for projects that do not have government approval yet, the official Xinhua news agency said yesterday. The strictest controls have been
      Reuter.; UPI  -  492 words
    • 498 3 AF. AFP, Reuter BEIJING China's government bureaucracy will complete its switch to a civil service system in three years, according to official reports yesterday. Personnel Minister Song Defu's timetable is far slower than previously reported. China
      AF.; AFP,; Reuter  -  498 words
    • 88 3 Reuter TAIPEI Taiwan's Defence Ministry showcased its locally developed missiles, AT-3 trainer jets and a model of the Indigenous Defence Fighter at the opening of its largest aerospace exhibition on Thursday. The country is seeking to attract foreign interest in its fledg- ling aerospace business
      Reuter  -  88 words
    • 479 3 But Treasurer Dawkins says he is in no mood to negotiate AFP SYDNEY Australia's Labor government was under intense pressure yesterday to soften the toughest and most unpopular budget for more than a decade or face blockagc in the Senate followed by an
      AFP  -  479 words
    • 467 3  -  From Al Labita in Manila THE Philippines has overhauled its export programme to avoid heavy dependence on the United States and Japan, Trade and Industry Secretary Kizalino Navarro said on Thursday. Addressing the Philippine Futuristics Society, Mr Navarro noted that the
      467 words
    • 347 3  -  Dexter Lee By SINGAPORE Singapore Airlines will appeal against a Thai court's judgment on Thursday ordering it to pay 330,000'baht (SS21,000) as compensation to a Thai family. The Thai Civil Court had ruled against SIA for stopping a one-year-old girl from boarding a
      347 words
    • ASIA NOTES
      • 74 3 The Straits Times JAKARTA Indonesia is concerned about Washington's threat to withdraw trade privileges but hopes that a planned visit by United States officials next month will clear "misunderstandings and misperceptions" about labour practices here. Foreign Minister Ali Alatas said yesterday. He said Indonesia had
        The Straits Times  -  74 words
      • 82 3 AFP MANILA Thousands of people jammed the financial centre here yesterday in a rally honouring political martyr Benigno Aquino, whose death 10 years ago resulted in the rebirth of democracy in the country. Former President Corazon Aquino led the crowd, estimated by police at over 30,000,
        AFP; Reuter  -  82 words
      • 69 3 Reuter HANOI A senior United States senator predicted yesterday that US President Bill Ginton would lift the US economic embargo against Vietnam by the end of this year. "I believe that the embargo will be lifted sometime between the middle of September and
        Reuter  -  69 words
      • 62 3 AP BANGKOK Thailand has relaxed its visa requirements and procedures for foreign tourists and will give multiple re-entry visas to foreign businessmen, the government-run Radio Thailand said yesterday. Visitors from 55 countries who had been allowed 15-day stays without visas will be allowed to extend stays
        AP  -  62 words
    • 383 3  -  By Nirmal Ghosh YANGON Three Singaporean companies are in the process of finalising joint ventures with Myanmar in agro-process-ing, said Tin Hlaing, managing director of Myanma Foodstuff Industries. But Mr Tin Hlaing declined to name the companies as discussions with them were
      383 words
    • 432 3 Mahathir in Thailand Bernama BANGKOK Malaysian Prime Minister Mahathir Mohamad said yesterday countries in the region should not be unduly worried by China's spending on defence. Instead, they should take advantage of its increasing prosperity and use that country as an
      Bernama  -  432 words
    • 188 3 Bernama JOHOR BARU The Johor State Economic Development Corporation (SEDC) will do velop 13 new industrial zones covering 2,600 hectares ovef the next five years, Mentri Besar Muhyiddin Yassin said yev terday. The state government would be allocating Ms 6
      Bernama  -  188 words

  • THE WORLD
    • WORLD WATCH
      • 75 4 Reuter LOS ANGELES A black protester (above) chanting outside the court building where opening arguments began yesterday in the trial of Henry Watson and Damian Williams, the two men accused of beating Tucker Reginal Denny at the flashpoint of last year's race riots. The sign compares
        Reuter  -  75 words
      • 84 4 Reuter WASHINGTON President Bill Clinton on Thursday named William Daley, brother of Chicago Mayor Richard Daley, to lead the White House fight to win congressional approval of the trade agreement with Mexico and Canada. Mr Daley, a keen strategist with ties to labour and business,
        Reuter  -  84 words
      • 76 4 AP JOHANNESBURG Government censors have overturned the controversial ban on a magazine which showed a black woman breastfeeding a white baby on its cover. Under pressure from Tribute magazine's publisher and editor, censors earlier this week suspended the ban, pending the outcome of Thursday's appeal.
        AP  -  76 words
      • 61 4 LAGOS Leaders of the powerful Nigerian Labor Congress have ordered a general strike if military dictator General Ibrahim Babangida does not surrender power as promised next Friday. Human rights and pro-democracy groups also called a meeting of interested organisations for today to decide on concerted action
        61 words
      • 65 4 AP Reuter JERUSALEM Prime Minister Yitzhak Rabin said yesterday the killing of nine soldiers in south Lebanon bomb blasts did not violate a ceasefire agreed with guerillas last month. He also told Israel Radio the deaths would not affect Middle East peace talks. He brushed
        AP; Reuter  -  65 words
      • 82 4 Reuter CAIRO Egypt will try 65 Muslim militants in a military court this week, security sources said. The 65 are accused of conspiring to overthrow the government and belonging to the group that tried to assassinate the interior minister on Wednesday. The Jihad group said
        Reuter  -  82 words
      • 50 4 Reuter JOHANNESBURG President FW de Klerk flies to South America tomorrow for a four-nation tour of South America, ignoring African National Congress (ANC) charges that he had no right to represent South Africa abroad and should stay home to speed the end of white rule. Reuter
        Reuter  -  50 words
    • 208 4 AP MADISON HEIGHTS, Michigan The US International Trade Commission is investigating four companies accused of importing electronic goods covered under a US patent. The investigation stems from a complaint filed by Code-Alarm Inc, a manufacturer of home and vehicle security systems. The Madison Heightsbased
      AP  -  208 words
    • 546 4 Reuter LONDON The Clinton administration would clearly like to see Europe reflate to aid the US export drive, but the major focus of any trade talks remains the massive deficit with Japan, financial analysts said yesterday. Trade data published on
      Reuter  -  546 words
    • 244 4 Reuter TOKYO Members of the US House of Representatives trade subcommittee urged Japan to take the lead in concluding the long-stalled Uruguay Round of trade talks by the end of the year, a Japanese foreign ministry ofTicial said yesterday. "It is important
      Reuter  -  244 words
    • 52 4 Reuter WASHINGTON US President Bill Clinton blowing out the candles on his birthday cake aboard Air Force One on Thursday en route to Martha's Vineyard as his daughter Chelsea (left) watched. Mr Clinton turned 47 years old as he began a 10-day holiday on the Massachussetts
      Reuter  -  52 words
    • 293 4 Reuter BERNE The Swiss government said it is seeking a drastic reduction in Switzerland's spiralling budget deficit, and will propose widespread measures aimed primarily at curbing a sharp rise in federal expenditure. "Including expected deficits from cantons (regions) and communes, the state
      Reuter  -  293 words
    • 444 4 AFP PARIS France's National Institute of Economic Statistics and Studies (Insee) yesterday made a downward revision in figures for French economic activity during the year's First quarter. It said that detailed results from the national accounts showed that French gross domestic product (GDP) declined
      AFP  -  444 words
    • 254 4 Reuter LONDON British economists took an optimistic line on July's higher than expected trade deficit, and forecast the full year current account gap would be significantly lower than government forecasts. "I think the trade figures are on an improving trend, with the deficit
      Reuter  -  254 words
    • 345 4 Russian president makes good promise to try and end political deadlock AP MOSCOW Making good on his promise to try to end Russia's paralysing political stalemate, President Boris Yeltsin yesterday asked parliament to call early legislative elections. "1 understand that giving up power and
      AP  -  345 words
    • 474 4 Reuter LONDON Winter may be coming early for Britain's harassed food retailers. The first shots have already been fired in what could become a savage round of autumn price cutting among the ultra-competitive supermarket giants. Britain's second largest food retailer
      Reuter  -  474 words

  • COMPANIES & MARKETS
    • 504 5  -  From Leslie Lopez in KUALA LUMPUR MALAYSIA'S Berjaya Group, the diversified conglomerate controlled by aggressive businessman Vincent Tan Chee Yioun, has entered into a joint venture with a fledgling United States fast-food company to expand into Asia. But analysts say the agreement
      504 words
    • 212 5 Reuter KUALA LUMPUR Malaysia's Beijaya Group Bhd said it might use Hongkong-listed Wing Hung Kee Holdings Ltd. for which it has made a takeover bid, as the vehicle for its investments in China. Executive director Tan Kim Poh said:
      Reuter  -  212 words
    • 237 5 Bernama KUALA LUMPUR Berjaya Leisure Bhd (BLeisure) will acquire The Palace Hotel in Kota Kinabalu for Ms2s million (5515.75 million) to be satisfied by the issuance of 7.8125 million new BLeisure shares at the issue price of M 53.20 each.
      Bernama  -  237 words
    • 353 5  -  By Teh Hooi Ling SINGAPORE Recentlylisted Sesdaq counter Compact Metal Industries reported an impressive 30 per cent growth in net earnings to $3.1 million in its first interim results after being listed. In contrast, another Sesdaq company, Inter-Roller Engineering, posted an
      353 words
    • 776 5  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Consider this scene, from the movie Basic Instinct: Burnt-out cop played by Michael Douglas, while taking a pause from exchanging smouldering looks with bad, rich girl played by Sharon Stone, opens his kitchen drawer
      776 words
    • 256 5 SINGAPORE Metroplex Bhd has reported a 12 per cent rise in interim earnings to M$ 13.43 million (SSB.4 million), and expects its secondhalf performance to remain strong. Rental income from the group's investment properties continued to enjoy steady growth in the six months
      256 words
    • 280 5  -  By Magdalene Ng SINGAPORE The Insurance Corporation of Singapore (ICS) has reported a 1.5 per cent drop in interim group net earnings to $3.35 million, due mainly to higher tax charges. ICS said yesterday the higher charges resulted from changes
      280 words
    • 161 5 SINGAPORE The Central Provident Fund Board has admitted eight more companies as trustee stocks. The changes take effect today, the board announced yesterday. The new entrants are Acma, Courts (S), Singapore Automotive Engineering, Singapore Computer Systems and United Pulp Paper, as well
      161 words
    • Article, Illustration
      309 5 Source: Bridge Info Performance of STII's Index stocks Aug 20 Last Sim lain Stack sate Chat factor bmwcti (I) Avimo 1.970 1.41 CAC 7.300 -0 050 5.24 -3.01 Cercfcos 6.150 0 150 4 41 9.04 FAN 14 200 -0 200 10 19 -12 05 GF Asia 3 060 0
      Source: Bridge Info  -  309 words
    • COMPANIES
      • COMPANY BRIEFS
        • 41 6 SINGAPORE GE Life yesterday declared a four-cent interim dividend payable on Sep 30. The Transfer Books and the Register of Members will be closed from Sep 20 to 24 for the preparation of dividend warrants.
          41 words
        • 74 6 SINGAPORE SAL Industrial Leasing Ltd, the financial services subsidiary of Singapore Technologies Industrial Corporation, has appointed Bertie Cheng Shao Shiong a director while Wee Tew Lim has resigned from its board. The changes took effect yesterday. Mr Cheng, 56, is the general manager of POSBank and
          74 words
        • 65 6 Bernama KUALA LUMPUR Kim Hin Industry Bhd has proposed a one-for-four bonus issue of 20 million ordinary shares as well as Msso million (5531.5 million) nominal amount of 3 per cent redeemable guaranteed bonds with 20 million detachable transferable subscription rights to be structured
          Bernama  -  65 words
        • 51 6 Bernama KUALA LUMPUR Affin Holdings Bhd yesterday reported a pre-tax group operating profit of MSSS.26 million for the six months ended June 30, against MsB.2 million in the previous corresponding period. Group turnover rose to M 5308.6 million from M 580.6 million. Be
          Bernama  -  51 words
      • 259 6 AFP HANOI Vietnam's first sale of shares in a state company may not succeed because of the firm's massive debts, the biweekly Lao Dong said yesterday. The newspaper, published by the Vietnam Confederation of Labour and usually well informed, said
        AFP  -  259 words
      • 419 6 ■Mapn'prit«<$) Aug 21 23 hSVMMFnd Sfclgiptrt (Mt TrWt Income Bond Policy 3.47 3.60 The Commerce 1.45 1.32 ftwiwtial The Savings Fund 1.34 1.41 PniLink Mgd Fund 1.20 1.27 S'pore Prog Fund 0.62 0.63 S'pore Sec Fund 0.95 I.OOxd S'pore Inves Fund 1.10 1.16 Fir* B'putra 1.83 1.88 S pore Equity
        419 words
      • 418 6 Takeover will create the world's biggest toy company AP NEW YORK Mattel Inc will buy Fisher-Price Inc in a US$l billion (Ssl.6 billion) deal that will make the famed maker of Barbie dolls surpass Hasbro Inc as the world's biggest toy company. The takeover,
        AP  -  418 words
      • 421 6 NYT DALLAS Texas Instruments Inc on Thursday became the latest American chip manufacturer to announce plans for a 624,000-square-foot factory in anticipation of continuing strong worldwide demand. The company said it plans to spend US$75O million (SSI.2 billion) to US$l biUion through 1998
        NYT; Reuter  -  421 words
      • 264 6 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange is waiting for the Securities Commission's green light to lift the suspension on the trading of shares in Union Paper Holdings Bhd. KLSE executive chairman Nik Din Nik YusofT said the
        Bernama  -  264 words
      • 495 6 Bernama LONDON Lorrain Osman, who flew into London yesterday a free man after serving a seven-month prison sentence in Hongkong, may return to Malaysia, according to his solicitor Colin Cohen. But he will not be returning to Hongkong to give evidence
        Bernama  -  495 words
      • 663 6 MARKET WATCH AFP, Reuter BOMBAY Foreign institutional investors who have bought heavily on Chinese bourses are starting to show interest in India almost a year after they were given entry, helping spur a stock market revival here. An executive of the stockbroking firm
        AFP,; Reuter  -  663 words
      • 295 6  -  By R Sivanithy SINGAPORE Despite concerns about Hongkong's political and economic future, the colony's stock market still has the potential to provide investors with good short to medi-um-term gains, said a broking firm's research director yesterday. In an interview with BT,
        Source: Bloomberg  -  295 words
      • 632 6 Payment Ex Books Pay date dose date Alex Hldgs 50* b 6 Aug 31 Sep 6 Sep 28 Asia Pac Ld 50* b 2TE Jul 26 Aug 10 Sep 8 BAT 21* I 61.9 Aug 23 Aug 27 Sep 7 Bolton b 5 Sep 6 Sep 18 Sep
        632 words
    • FINANCE & COMMODITIES
      • 332 7 Bernama KUALA LUMPUR Visia Finance Bhd, insolvent since 1987, will be restructured under a scheme in which all its operations would be transferred to Hong Leong Finance Bhd, Bank Negara said yesterday. To this end, the central bank has applied to
        Bernama  -  332 words
      • 52 7 AFP KIEV A man posing behind the poster of a US dollar bill with a hole to show his face on a local square here on Thursday. The Ukrainian coupon fell reaching its all-time low against the US dollar of 19.050 compared to last week's figure of
        AFP  -  52 words
      • 468 7 DBS Weekly Currency Review L'SVDM: Critical support at 1.6740 Aggressive selling was seen this week and USS/DM fell from Monday's high of 1.7103 to reach a low of 1.6740 on Thursday. Thereafter, it recovered to close at 1.6870. showing a bullish reversal in the daily chart.
        468 words
      • 432 7 Reuter JACKSON HOLE, Wyoming As billions of dollars surge daily through financial markets worldwide, central bankers are rethinking how the huge capital flows affect their economies and the conduct of monetary policy. The near-collapse of the European Monetary System, strains in Japan caused by
        Reuter  -  432 words
      • 195 7 Knight Ridder MANILA The state Central Monetary Authority (CMA) has lifted conservatorship over Producers Bank of the Philippines after Taiwanese and Filipino investors infused new money and settled the bank's obligations, the CMA said yesterday. Producers Bank will open next month as
        Knight Ridder  -  195 words
      • 176 7 SINGAPORE A consortium of banks here has arranged a three-year US$35 million (5556.2 million) loan facility for Thailand's Nava Finance Securities company, one of the biggest players in the Thai stock market. The loan, which is renewable ever> year, was arranged by
        176 words
      • Article, Illustration
        1633 7 I rade-xrtthied index calculated agaimi S pare lop 14 trading partner* Bav year 198 .< US$/S$ forward rates Noon Aug 20 Bid Offer 1-month 1.6116 1.6131 2-month 1.6113 ***** 3-month 1.6113 I 612* 6-month 1.6100 1.6120 Source: OCBC FOREIGN CURRENCY NOTE RATES As at lten m Aag 20: Siagaporc dollars
        1,633 words
      • 166 7 THE US$/yen moved up five yen overnight on the back of Federal Reserve intervention with lots of stop-loss orders triggered along the way. despite a bad US trade number. In the regional market, the USS opened higher against most currencies and remained bid throughout the
        166 words
      • 186 7 Reuter LONDON The dollar dug in its heels on the yen in Europe yesterday, supported by foreign exchange traders' fears the US central bank would return to defend its currency. Rumours swept through London dealing rooms mid-after-noon that the Federal Reserve was intervening on the dollar's behalf in a
        Reuter  -  186 words
      • 188 7 Btoombere ENERGY REPORT LONDON Oil futures prices were mixed yesterday in low-volume, directionless trade ahead of the weekend, brokers said. In the absence of news to influence prices, many traders were content to hold their present contractual positions and stay away from the
        188 words
      • 86 7 AFP NEW YORK The dollar fell yesterday against major currencies as the market took a breather, a day after the Federal Reserve intervened repeatedly to halt the yen's rise against the greenback. At around 9:30 am, the dollar was trading at 105.10 yen, down from 105.85 on Thursday;
        AFP  -  86 words
    • COMMODITIES & FUTURES
      • 1482 8 SMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended weaker yesterday but off the day's lows, pressured by receding hopes for an interest rate easing in Japan, traders said. Market participants said the dollar's sharp overnight climb and current strength dampened hopes for
        Reuter  -  1,482 words
      • 579 8 COMMODITY REPORTS Tin TIN closed unchanged at MS 12.20 per kg after both buyers and sellers decided to close deals at the opening level yesterday, traders said. "Interest was thin and prices are expected to move at current levels," one said, noting support came
        579 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 73 8 BANGKOK Thai rice exports totalled 533,088 tonnes in July, up 30 per cent from June, Thai Board of Trade figures showed. Exports were up 17.1 per cent from a year earlier, according to the figures, which were provided by the Thai office of Overseas Merchandise
          73 words
        • 113 8 TOKYO Japan's Marubeni Corp has established a company-wide task force to plan its efTorts to participate in China's massive Tarim Basin oil exploration and development project, a company spokesman said yesterday. "We've never set up this kind of task force for a single project
          113 words
        • 99 8 LONDON The future UK spot market for natural gas will be relatively small and harshly competitive after deregulation, a senior official of the statutory industty watchdog OFGAS told Knight-Ridder Financial News on Thursday. John Dorken, deputy director general of OFGAS, said the high costs of
          99 words
        • 71 8 SINGAPORE Taiwan's Chinese Petroleum Corp has bought at a tender 40,000 tonnes of one per cent sulphur fuel oil at slightly above USS9O per tonne, C and F Keelung, for Oct 1-15 arrival, a company source said. It also bought 80,000 tonnes of 0.5 per cent
          71 words
    • 1558 8 Rubber MS Caanaatftty Excfcaaga (Marts cMf at at lp) RSS 1 Caatract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 93 133.25 133 25 133.00 400 M25 Oct 0.00 0.00 133.25 300 3,875 Nov 133.50 133.50 133.50 175 4.675 Dcc 134.25 134.00 134.00 675
      1,558 words
    • REGIONAL STOCK MARKETS
      • 543 9 14.92 Share prices closed higher on a rally led by Philippine Long Distance Telephone Co (PLDT), which posted gains in New York overnight, brokers said. PLDT rose to US$4l-3/8 from US$4l on Wall Street on Thursday. In the local market, it rose 30 pesos to 1,165. The Manila Composite
        543 words
      • 452 9 -8.11 Seoul stocks ended lower after profit-taking eroded an early seven-point gain indicating confidence remains shaky in the wake of last week's sudden ban on false-name trading, brokers said. The index ended 8.11 points lower at 729.86. "The market is stabilising. But investors are still not very confident yet,"
        452 words
      • 48 9 +41.62 Shares continued to rise further as speculators bought ahead of a three-day weekend in the belief that the uptrend would continue until the middle of next week, brokers said. The Bombay Stock Exchange (BSE) 30-share index closed at 2,742.37 points, up 41.62 from the previous close.
        48 words
      • 1115 9 +0.8 The Australian bourse consolidated in yesterday's trade after Thursday's buoyancy to close marginally higher. The market's key indicator, the All Ordinaries Index, tumbled almost 10 points in early trading on profit-taking, but recovered in afternoon trade. The All Ordinaries ended 0.8 points firmer to 1,927.1. On Thursday, the
        1,115 words
      • 559 9 -47.8 Taiwan stocks extended early losses to close lower across the board and brokers said the market had entered a downward consolidation. The weighted index was only slightly weaker in early trade but closed 47.80 points down at 4,045.61. Turnover was a moderate NT$ 15.95 billion against Thursday's NT$
        559 words
      • 274 9 -0.66 New Zealand's share market took a breather from two days of rocketing higher, closing down a touch but well supported. Forester Fletcher Challenge, the leading light in the market's 6.6 per cent rise on Wednesday and Thursday, eased back 15 cents on profit taking to a NZ$3.6B
        274 words
    • WORLD STOCK MARKETS
      • 801 9 Britannia Funds Stortiag Catfi BM Offcr Mim (ap Drpout 31 6400 *****0 Mim Jrnc> Gtk .0.1893 0149: Mim Max Income 1.0400 I 0800 US$ Cask Income Plus Fund *10 4*00 *11 0400 PS S Rnenc Fund J J100 5 2200 Strriiag Lq«r> Euro Performance .0.4542 ***** Far EM Fund *2.7650
        801 words
      • 717 9 -7.9 UK shares finished lower for the second day yesterday after their extended runs earlier in the week as light profit-taking and a reluctance to take new positions before the weekend set in. The FTSE-100 index slipped 7.9 points to 3,057.6 at the close. Total volume was 632.8 million
        717 words
      • 100 9 -11 Profit-taking pushed French shares to close lower, but the CAC-40 index more than halved earlier losses. The CAC-40 ended down 11.00 points or 0.51 per cent at 2,128.20, up 19.8 points on the week. Paris Abb 20 Fr Air-liqwtfr 745 00 -10 00 Alcatel Antthom 723 00 8
        100 words
      • 281 9 -0.25 Shares' rallying cry gave way to the yelps of expiring options on a volatile Amsterdam bourse, leaving prices weak despite underlying strong sentiment. The EOE Index ended down 0.25 points at 355.28 after bouncing to a peak of 357.22 as a series of August equity options expired. It
        281 words
      • 227 9 -3.93 Swiss shares ended little changed in quiet pre-week-end business. Late trading saw slight profit-taking which took bourse indices into minus after they had fluctuated in a narrow range during the day. The broad SPI closed 3.93 points lower at 1,565.45, up 7.95 points on last Friday. Zurich Aaf
        227 words
      • 163 9 -16.3 Share prices dropped in the cash market in the last few minutes of official trading on profit-taking and op-tions-related selling. The DAX-30 share index ended down 16.30 points at 1,922.68. This was up 16.1 points on last Friday. Frankfurt \ur 20 DM AM 174 *0 -6 70 BASF
        163 words
      • 252 9 -8.41 Profit-taking ahead of Monday's end of the current forward market account and losses on most other bourses pushed Bel6 an shares to a lower close, ut traders expected the market to pick up next week if money market rates confirmed yesterday's slide. "There might be some more profit-taking
        252 words
      • 305 9 -4 Gold shares were off their earlier lows by the close as the market reacted to bullion's bounce late in the session, dragging industrials higher in slow pre-weekend trade. The gold index lost 28 points to 1,771, a rise of 104 on last Friday. The overall index was 30
        305 words
      • 327 9 -10.44 Toronto stocks edged down at midday yesterday, but are expected to recover slightly this afternoon, traders said. "Friday's have a propensity to get ugly, but we may see a bit of a rally," one trader said. The TSE 300 Composite Index fell 10.44 points to 4,059.15 on 25.7
        327 words
      • 827 9 -8.38 Wall Street stocks drifted lower yesterday as profittaking hit the market after a four-day rally that took blue-chip issues into all-time record levels. The Dow Jones Industrial Average was off 8.38 points to 3,603.19 at 1 pm EDT. In the broad market, declining issues pulled in front
        827 words
    • Article, Illustration
      2835 10 Reuter HONGKONG Share prices closed down yesterday but above their earlylows hit after a wave of profit-taking emerged on disappointment over the interim profits of Hang Seng Bank, brokers said. The blue chip Hang Seng Index ended 59.90 points lower at 7,545.36 after sliding 101 points earlier in the
      Reuter; Source: Bridge Info  -  2,835 words
    • Article, Illustration
      303 10 IOCES Ami 19 Close Chaagc SChftr CLSA All China 2,437.70 -52 30 -2.10 CLSA China B ***** -10 10 -1.05 CLSA Shenzhen A 2.185 30 -63.60 -2 83 CLSA Shenzhen B 909.50 -8 90 -096 CLSA Shanghai A 5.874.10 177 00 2.03 CLSA Shanghai B 809 90 -13 80
      303 words
    • Article, Illustration
      2521 10 Reuter TOKYO Tokyo stocks closed down for the fourth successive day in lacklustre trade yesterday. Investors were exhausted by the jumpy currency market, brokers said. Individual incentive-backed issues were sought after, but trading was mostly dominated by brokerage dealers. "Both overseas and domestic investors are slowly shifting funds into
      Reuter; Source: Bridge Info  -  2,521 words
    • Article, Illustration
      1774 10 Reuter BANGKOK Thai stocks closed marginally higher yesterday as speculative sentiment again dominated the market, precluding any really big gains, brokers said. The market was up 3.33 points to 958.68, with turnover active at just under eight billion baht. Gainers outpaced losers 183 to 89. with 68 stocks unchanged.
      Reuter; Source: Bridge Info  -  1,774 words
    • Article, Illustration
      996 10 Reuter JAKARTA Share prices ended higher in an upbeat mood and moderate trade in yesterday's single session, brokers said. The official index closed at this year's record high of 387.91. a gain of 3.09 points. "Positive local sentiment on newcomers drew in fresh funds which kept up the market's
      Reuter; Source: Bridge Info  -  996 words
    • 2502 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume MUI 7.470.000 Bedford 50c 6.301 000 FAC'B 50c 6.042.000 Pc»i Msia 2.463.000 Idns Hyd 50c 2.422.000 Promel 2.204.000 PMI 50c 2.067.000 Bcr)jya Group 1.877.000 Kcmayan 50c 1.845.000 Tan Oioni 50c 1.807.000 Kamunling 50c 1.769.000 MBf Capital 1.621.000 Rcnonj Bhd
      Source: Bridge Info  -  2,502 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5348 11 Bernama KUALA LUMPUR Gains in heavyweighted blue chips, including utility giants Telekom and Tenaga. pushed the benchmark KLSE Composite Index past the 800-point resistance to another record close for the third straight day yesterday. The index of 85 quality stocks rose 6.69
        Bernama; Source: Bridge Info  -  5,348 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7633 12  -  By Sylvia Wong SINGAPORE The Straits Times Industrials Index continued to push towards the 2,000 level yesterdav. closing 23.49 points higher to 1,972.27 after pausing for a break on Thursday on profit-taking. This is iust a shade below its intra-day high of
        Source: Bridge Info  -  7,633 words
      • 75 12  -  HOT STOCK Paul Leo SINCE the beginning of August, Venture Manufacturing has surged by some 50 per cent. It reached a record high at $3.06 on Thursday before easing to close at $2.90 yesterday. The bull run is not over yet but a correction back to $2.30 is
        SOURCE: BRIDGE INFO  -  75 words
  • Page 5 Advertisements
    • 265 5 Nows your 11 chance to pay II tribute to Ift the spirit of lift entrepreiieursnip lU Cast your nominations far this years Singapore Business Awards Business Timet, Singapore's business daily, and DHL Worldwide Express, I the leading international air cjipiess company, first started an awards scheme I to honour Singapore',
      265 words



  • Page 8 Advertisements
    • 17 8 "It was plain sailing selling my cabin cndset" i «r I S2?oi 2~; i *2£ I 737-Ilfi<
      17 words
    • 37 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead fSSSMSS f offers Bp the most F current |F of Job Bp opportunities avoiloble* I tl it
      37 words

  • Page 9 Advertisements
    • 26 9 MR" 1 [Jte«L WO COMPARISON K Catch our review of a new multimedia computer, just launched here, which makes dinosaurs of even high-end Macs and PCs.
      26 words

  • Page 10 Advertisements
    • 156 10 I Carrier's Steel Pasha Chronoreflex Evolving with the times, the new Pasha comes with a chronoreflex movement together with the striking contrast of stainless steel and navy blue dial. Smaller than the other Pasha watches, this new 35mm model has steel hands and two pushbuttons set with sapphire cabochons. Uniquely,
      156 words


  • Page 12 Advertisements
    • 139 12 3? I Carrier's Steel Pasha Chronoreflex 4MHR|fy* Evolving with the times, the new Pasha comes with a chronoreflex movement MRfeyjflyL} together with the striking contrast of stainless steel and navy blue dial. Smaller than the other Pasha watches, this new 35mm model has steel hands and two pushbuttons set with
      139 words

  • SPORTS
    • 947 13 4th World Athletics Championships NYT STUTTGART One moment of glory quickly followed another on Thursday night in the world outdoor track and field championships here. If you like world records, Sally Gunnell of Britain and Sandra Farmer-Patrick of the United States delivered
      NYT  -  947 words
    • 461 13 AP STUTTGART Olympic champion Quincy Watts lost a possible medal when he lost the sole of his shoe during the men's 400-metre final on Tuesday night. Nike may have lost, too. Will Nike, which sponsors Watts and is a world-wide market leader, lose
      AP  -  461 words
    • SCORE CARD
      • Article, Illustration
        105 13 AFP STUTTGART World Championships Finals Thursday: MEN 400 m hurdles: 1 Kevin Young (US) Championship record 47.18 sec 2 Samuel Matete (Zam) 47.60 3 Winthrop Graham (Jam) 47.62. Pole Vault- 1 Sergei Bubka (Ukr) 6.00 m 2 Grigoriy Yegorov (Kaz) 5.90 3 Maksim Tarasov (Rus) 5.80. WOMEN 400 m
        AFP  -  105 words
      • Article, Illustration
        48 13 Reuter NEW YORK American League Thursday: Kansas 4 Minnesota 2; Cleveland 5 Boston 1: California S Milwaukee 4 (in 12). National: St Louis 3 San Diego 2; SF 6 Pittsburgh 3; Colorado 6 Philadelphia 5; LA 7 Atlanta 5; Montreal 10 Chicago 2; Houston 8 Florida 3.
        Reuter  -  48 words
      • Article, Illustration
        126 13 AFP LONDON Scorecard after first day of the final Test between England and Australia at the Oval Thursday England Ist innings: GA Gooch c Border b SWaugh 56; M A Atherton lbw b S Waugh 50; G A Hick c Warne b May 80; M P Maynard b Warne
        AFP  -  126 words
      • Article, Illustration
        41 13 HATOYAMAMACHI, Japan Maruman Open leading second- round scores Friday (Japanese unless noted): 133 Kiyoshi Murota 68-65 136 Masayuki Kawamura 66-70, Eduardo Herrera (Col) 66-70 137 T C Chen (Tai) 67-70, Frankic Minoza (Phi) 66-71. Also: 143 Samson Gimson (Sing) 72-71.
        41 words
      • Article, Illustration
        28 13 AFP POZNAN, Poland Intercontinental Cup Thursday Pool A.Malaysia 3 Cuba 2; S Korea 5 Canada 2. B: Belgium 5 France 0; Argentina 4 Sth Africa 3. AFP
        AFP  -  28 words
      • Article, Illustration
        243 13 Reuter Reuter INDIANAPOLIS RCA hardcourt Championships third round Thursday (prefix denotes seeding): 1-Pete Sampras (US) b Jonathan Stark (US) 5-7 7-6 (7-2) 6-3; 2-Jim Courier (US) b Tomas Carbonell (Spn) 6-2 6-1: 3-Boris Beckcr (Ger) b Andrei Cherkasov (Rus) 6-4 7-5; Jimmy Arias (US) b 4-Goran Ivanisevic (Cro) 3-6
        Reuter  -  243 words
    • 106 13 AP STUTTGART Dan O'Brien, bidding to retain his world title, held the lead after eight events of the decathlon yesterday. The American world re-cord-holder cleared 5.20 metres in the pole vault to take an 87-point lead with only the javelin and 1,500 metres
      AP  -  106 words
    • SIDE LINES
      • 64 13 AFP MINNEAPOLIS, Minnesota The United States defeated Great Britain and Ireland 19-5 on Thursday in the 34th Walker Cup amateur golf match. The 14-point margin of victory set a Walker Cup record, surpassing the previous mark of 10 points set by the United States in 1928
        AFP  -  64 words
      • 134 13 AFP WASHINGTON Grieving Michael Jordan hit out on Thursday at attempts to link his father's murder to his own highly publicised gambling activities. The NBA superstar issued a statement through his Washington lawyer, David Falk, denouncing some of the coverage of James Jordan's death, which was
        AFP  -  134 words
      • 159 13 AFP COVENTRY, England Zimbabwe's Tony Johnstone and Spaniard Jose Maria Canizares, who have no interest in next month's Ryder Cup, upstaged the Belfry hopefuls by grabbing the first-round lead in the English Open here on Thursday. Johnston is ineligible for the Ryder Cup and Canizares
        AFP  -  159 words
      • 110 13 AP SYDNEY Scrum-half Nick Farr-Jones has recovered from a strained thigh muscle injury and is almost certain to play in the third rugby union test against South Africa, Australian coach Bob Dwyer said yesterday. Former Australian captain Farr-Jones suffered the injury during a midweek training session
        AP  -  110 words
    • 820 14 The International: Pate eagles his way to first-round lead AP, NYT CASTLE ROCK, Colorado Steve Pate put on the kind of late burst possible only under the peculiar scoring system in use this week and took the first-round lead Thursday in The International tournament. "It's
      AP,; NYT; Reuter  -  820 words
  • 1706 13 ag n*t ra ran n»_ eg nm ra nm ra MmWkM GA929 1120 Hami SQ175 1935 SQ176 1145 MahMa SQ228 2120 Ha CM Ma* CHy VN743 1315 VN742 1415 RJ187 0135 Nntfuag CX717 1235 ua806 0735 toihil— GA891 1335 GA890 0001 C1665 1420 CX710 0840 KL837
    1,706 words
  • Page 13 Advertisements
    • 109 13 ADVERTISEMENT BusinessTimes/KENWOOD GOLFING TIPS By BRETT BRASIER PROFESSIONAL GOLFER Fully Qualified Member Of 5.P.G.A.S Dip in Golf Management J I rarely hit any shot with 100 percent effort and neither should you Operate at around 80 percent of your power because that is k (y/ easier to control. Only when
      109 words

  • SHIPS IN PORT
    • 538 14 Vessel Voy No Berth Arrival Departure Vessel Vty »> Berth Vm«l Pepertte Jurong Port v*na 62 P07 2101/0200 ASL 23 B 1/93 B Hongs* 2108/0700 Waduwr Vjb 13 93E P01 ikxipft 20.08,1500 Bod Jaya 08/01 93 11 atongade 2108/0500 Zhoog Fa ***** P08A atongade 23.08/2300 Elaine 9310
      538 words
    • 1788 14 DELIVERY OF fCL IMPORT CONTAINERS IN PROGRESS SNp Voy No Container* avaiabie Slap Voy No Containers avalaMe T* Kisem 20WS3 19 08.93 0700 B Serota 708H COO(EST) *****3 0700 Senang laya 112SN 19 08 93 0735 Kuala Stat 5 066A COD(EST) *****3 1900 Mate Bhum 171N 1908.93 083S
      1,788 words
  • Page 14 Miscellaneous
    • 406 14 CRYPTIC CROSSWORD Stanlev took food, we hear— U jjjH HT"j|B 6 Cape of South America (6) I I I i I I 9 Dine no good finishing 1 Seven more than heard, as required (6) 13 They do not meet in the gym WM 16 Stamina 12 by guests 24
      406 words

  • REGIONAL FOCUS
    • 432 15  -  Impact of higher yen on South-east Asian economies From Leslie Lopez in KUALA LUMPUR THE surging yen is expected to hit those Malaysian industries which are heavily reliant on Japanese imports, but several economists say that the overall effects on the economy
      Source: Bloomberg  -  432 words
    • 305 15  -  Fran Al Labita in MANILA BANKERS, importers and analysts have expressed alarm over the sharp rise of the yen "gainst the US dollar, saying it distorts foreign trade. "It means we have to pay more for our imports from Japan," Philippine National Bank vice-president Angelito
      305 words
    • 482 15  -  From Alan Boyd in BANGKOK THAILAND'S thorny relationship with Japan is expected to benefit from the appreciating yen, with more tourists, increased investment and less trade friction. Little effect is likely on the stock exchange and capital markets but the economics of the
      482 words
    • 444 15  -  Frtn Maggie Ford in JAKARTA INDONESIA is unlikely to be troubled by the effect of the rising yen on repayment of its foreign debt, unless it reaches a level higher than 90 yen to the US dollar, according to economists. The appreciation of
      444 words
  • Page 15 Advertisements
    • 30 15 WE ARE SEVER TOO 3IG TO SHOWER iNOUGH ATTENTION DNYOI )URING MEETINGS, SEMINARS AND FUNCTION! The WestinStam ford The Westin Plaza Singapore Call Westin Catering at 338-3808 for more information.
      30 words

  • 468 16 UPI TOKYO The Japanese government yesterday officially admitted something private economists have been saying for months the economy is sluggish and signs of a pickup seem not to be spreading. In its monthly report, the government's Economic Planning Agency said there are still
    UPI  -  468 words
  • 189 16 Asahi News Service TOKYO Construction Minister Kozo Igarashi said yesterday that the ministry will transfer more of its authority to local governments as part of the government's effort to promote deregulation to rejuvenate the sagging economy. "In the case of
    Asahi News Service  -  189 words
  • 540 16 AP. Reuter ISLAMABAD Caretaker Prime Minister Moeen Qureshi on Thursday announced sweeping economic reforms aimed at resuscitating Pakistan's flagging economy. He said Pakistan's economy had become impoverished through corruption, decades of financial incompetence and the scheming of the wealthy few. In a single
    AP.; Reuter  -  540 words
  • 221 16 PARIS Spurning several German and Japanese companies, the South Korean government yesterday awarded the Franco-British company GEC Alsthom NV a USS2.4 billion (SS3.B billion) contract to build high-speed trains. South Korea selected GEC Alsthom over Siemens AG of Germany in the final
    221 words
  • 379 16 UPI TOKYO Foreign Minister Tsutomu Hata said yesterday that the new Japanese government will apologise frankly for Japan's actions during World War 11, but it will not mention the issue of compensation. However, an exception will be made in the
    UPI  -  379 words
  • 420 16 Reuter BEIJING China yesterday launched a major anti-corrup-tion campaign, saying kickbacks and bribes to Communist Party and government officials were undermining economic reform and whipping up waves of popular anger. Politburo member Wei Jianxing, head of the party's Central Commission for Discipline Inspection, ordered officials
    Reuter  -  420 words
  • 297 16 AP BEIJING A US congressman reminded Chinese leaders yesterday of the link between human rights and a decision next year on whether to extend normal trading privileges to China. Max S Baucus, a Democrat from Montana who chairs a House
    AP  -  297 words
  • 154 16 AFP BEIJING Beijing is tor grant state enterprises full decisionmaking powers by the year's end, an official newspaper said yesterday, announcing a key new step towards making the debt-ridden sector answerable to market forces by 1998. "The ccntral government has... dccidcd to
    AFP  -  154 words
  • 63 16 AtP IA PRA YA. Thailand Refugees from a Khmer Rouge stronghold in north-western Cambodia taking shelter from the rain on Wednesday after they crossed into Thailand to flee fighting between Khmer Rouge guerillas and Phnom Peng government soldiers. The refugees, numbering up
    AtP  -  63 words
  • 234 16 AFP WASHINGTON President Bill Clinton helped clinch a USS6 billion (559.6 billion) Saudi aircraft deal for Boeing and McDonnell Douglas, beating out the European consortium Airbus Industrie, a senator said yesterday. Senator Patty Murray, who represents Seattle, Washington, where Boeing is based,
    AFP  -  234 words
  • Page 16 Advertisements
    • 94 16 -tNTERPRIS€*B« IMMRtI Monday in Business Times INTELLECT SOFTWARE SOLUTIONS With Intellect Software COMPUTING SERVICE Solutions and a Service BUREAU Bureau to support, you Online Transaction will be on an OPEN Processing Service SYSTEM platform to j Payrou""" 9 m6€t the fast changing Billing (include MCST) requirements Debtors Statement Bank Reconciliation
      94 words
    • 13 16 Monday in Business Times China to switch to civil service system, P| 3
      13 words

  • Executive Lifestyle
    • 1635 17  -  Mark Graham finds out how the pioneering production of The Joy Luck Club was put together in Shanghai Mark Graham The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle TRY THIS for an unlikelysounding plot. A Broadway director with scant knowledge
      1,635 words
    • STRAWS IN THE WIND
      • 103 17 AN EXPATRIATE teacher, new in Singapore, heard about how safe the streets here are at night, and began taking late night walks. On one of his nightly jaunts, he found his favourite coffee shop closed. Dismayed, he started looking around, noticed what looked like a makeshift coffeeshop at
        103 words
      • 47 17 IN A recent report in The New Paper, a journalist who interviewed Stevie Wonder over the phone asked him, "What have you been up to?" To which the singer replied, M Er, just checking out what's been going on, watching television and checking out everything..Uh, right.
        47 words
      • 54 17 LUXURY goods makers still have confidence in Singapore in spite of the retail industry lull. Take the CEO of a German designer handbag maker who, when asked why the company was opening in a saturated market, replied: "1 would not invest in a bucket with a hole
        54 words
    • OPINIONS
      • 912 18  -  Mohan Kuppusamy says the Taiwanese legislative process may be turning into a complete, disillusioning farce Mohan Kuppusamy The writer is BT's Associate Foreign Editor FORGET Bruce Lee. Forget Jackie Chan. If you want to see real Chinese martial arts in action, go to Taiwan. It
        912 words
      • 674 18  -  Maggie Ford hails the decision to raze a glaring symbol of foreign oppression The city will be restored to its original cultural style, and harmony will no doubt return. Maggie Ford The writer, who now contributes to BT from Jakarta, was Seoul correspondent
        674 words
      • 983 18  -  Robot J Samuelson finds much of political journalism simply myth-making Robert J Samuelson The writer is a columnist of The Washington Post, in which this article first appeared THE Reagan Revolution is not and never was. Yet it remains a standard reference point
        983 words
      • 95 18  -  LETTER TO THE EDITOR Denis Distant COULD the Stock Exchange of Singapore please clarify the position of an investor who purchases shares on a "cum rights issue" basis and subsequently Finds the proposed issue is aborted or delayed indefinitely, with a consequent drop in
        95 words
    • PROFILE
      • 3864 19  -  Once he was the world's most famous divorce lawyer. Now the phone in Marvin Mitchelson's office is silent. He is bankrupt and facing jail tor fraud. Russell Miller has the details Russell Miller Sunday Times Magazine THE OLD MAN is sitting alone in his
        Sunday Times Magazine  -  3,864 words
    • Article, Illustration
      646 22  -  Cmmui Review By AUDREY TAN IT WAS inevitable, given the success of the comic strip and the television show that ran from 1959 to 1963. That and the current Hollywood craze for prepubescent children ensured that Dennis The Menace would hit the silver screen. Produced and written by
      646 words
    • 497 22  -  By AUDREY TAN WITH a Fatal Attraction-like plot, The Crush looks like it cannot fail to draw a potential audience, what with a 14-year-old villainess stalking a 28-year-old man who doesn't return her affections. She has a crush on the guy, it seems; the problem is, she's not
      497 words
    • 1265 22  -  One does not hurry through the magnificent rose-red ruins of Petra, as Abdul Hadhi soon learns from his slow-moving horse Abdul Hadhi IT WAS HOT enough to make a Singaporean wilt. It didn't help, either, that the hone 1 was on didn't know the meaning
      1,265 words
    • 1015 22  -  Art ExfeMttta By SUSAN TSANG THANKS to a 1986 agreement with China, Singapore has been able to stage a series of five exhibitions on Chinese civilisation. After the success of Imperial Life in the Qing Dynasty (1644 1911),
      1,015 words
    • 758 23  -  CO Review By SHAHIRON SAHARI VARIOUS ARTISTS: Sleepless ia Seattle This movie starring Tom Hanks and Meg Ryan is the year's surprise hit in the States, and a major reason for that, undoubtedly, is the soundtrack, which this week reached No 1 on the Billboard top albums
      758 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • 183 24 Health Singapore DID YOU know a trip to the burger joint could land you with food poisoning? A recent outbreak of illness linked to fast-food restaurants in the US occurred because hamburger meat was -contaminated and was cooked at temperatures too low to kill the
          Health Singapore  -  183 words
        • 84 24 BBC ♦A SPEECH therapist found that children from homes where Radios, televisions and music are played very loudly may take longer to talk. And one in five could develop severe speech •problems. Another study showed that many babies, living in such rQeisy homes,
          BBC  -  84 words
        • 133 24 AFP A JAPANESE company is well on the way to selling an "intelligent toilet" that can run real-time health checks on the user. Toto Ltd, Japan's leading manufacturer of bathroom and toilet equipment, said it had already produced a prototype for the toilet, which
          AFP  -  133 words
        • 124 24 NYT HIGH-TOP basketball shoes don't offer any better protection against ankle sprains than low tops, doctors found. They gave 600 intramural college players low tops, standard high tops or high tops with inflatable air chambers that surround the midfoot and ankle joints to
          NYT  -  124 words
        • 99 24 NYT CHILDREN who take calcium supplements because they are allergic to calcium-rich milk may be getting high amounts of lead, Ontario doctors say. They found that one-quarter of the 70 dietary calcium supplements they studied had levels of lead that exceeded the amount considered safe
          NYT  -  99 words
      • 1168 24  -  Jane Brody A high calcium intake is critical during the teenage years because the hormones released during puberty increase the rate at which bones are built, reports Jane Brody NYT AN ENORMOUS amount of attention is being paid to the
        NYT  -  1,168 words
    • PEOPLE
      • 266 24 GOH LIK TUAN, a Chinese immigrant to Singapore, has something to be proud of. Coming to Singapore at a very young age, Mr Goh has built up a $150 million company called GES Singapore. Early this month, the company held the official opening of its
        266 words
    • TIME OFF
      • 854 25  -  Shahiron Sahari looks back at the hits of one of America's best-loved artistes Shahiron Sahari THIRTY years after his first hit single. Stevie Wonder is still one of the most important and consistent of contemporary artistes. While many will know him for his
        854 words
      • 729 25  -  Shahiron Sahari discovers a new karaoke bar at Boat Quay Shahiron Sahari THE MAIN selling point for the karaoke bar called Benny's is its friendliness, but the conviviality is so obvious and overwhelming that it's pretty unreal to the point of
        729 words
      • 190 25 Emily of Emerald HHI Margaret Chan returns as Emily in Stella Kon's award-winning play of a nonya orphan who sacrifices happiness to rise to her status as mistress of a wealthy family. Aug 24 to 28. Bpm at Jubilee Hall. Tickets at $18 and $25; $10 and $15 for
        190 words
      • 221 25 Stevie Wonder "Live" In Concert Old hits such as You Are The Sunshine Of My Life, Ebony And Ivory and I Just Called To Say I Love You are resurrected in this one-night-only performance. Tomorrow, Bpm at the Singapore Indoor Stadium. Tickets at $50, $70 and $90 are available
        221 words
      • 98 25 T)m Blue Planet Produced with help from Nasa. this film takes you on a trip to space where the Earth seems suspended in a limitless void. With footage charting the planet's physical changes, we see how natural catastrophes have devastated life here. Too bad Man is intent on contributing
        98 words
      • 620 25 Berlin Art Scan* The First significant exhibition curated by Berlin Kunstlerhaus Bethanien after the fall of the Berlin Wall, this shows the present art scene in the formerly divided city. Twelve artists have been chosen to participate in this event. Aug 19 to Sep 15. 9am to
        620 words
      • 62 25 Crimes Of The Heart Presented by Theatre People, this is a story of three people with their individual hang-ups. Crimes Of The Heart. Beth Henley's debut play, was awarded the Pulitzer Prize and premiered at the Humana Festival. Today and tomorrow. Bpm; spm matinee on Aug 21
        62 words
      • 304 25  -  Compiled by Audrey Tan Michael lackim Um In Cmnrt The Gloved One himself descends upon Singapore. Part of the Dangerous tour, this concert is aimed at raising funds for charities and other worthy causes. Fans are promised a concert they will remember. Aug 29 and 30. 7.45pm at the
        304 words
    • EPICURE
      • 595 26  -  Jaime Ee and photographer Chris Loh fight their way through Takashimaya's hungry hordes to bring you the following spread Jaime Ee THEY have been given fancy names like Singapore Street, European Boulevard, Japan Way and Chinese Alley but what Takashimaya has really created in its Basement Two
        595 words
      • 490 26  -  Bm Appetit By JAIME EE STEAKHOUSES in Singapore tend lo follow a certain route casual atmosphere, no-frills decor, steaks that come with every kind of sauce you can imagine from tomato to sambal, and a Hainanese chef in the kitchen. The new Angus House
        490 words
    • Article, Illustration
      1042 28 too Yesterday. Millionaire John Goodman engages Don Johnson to smarten up dim moll Melanie Griffith. Painful remake of the 1950 comedy. Yishun 10: 10.10; 12.20; 7. Boxing Helena. Jealous surgeon Julian Sands severs Sherilyn Fenn's limbs to gain control over her movements. But the acting and the directing are
      1,042 words
  • Page 17 Advertisements
    • 176 17 I WBlfiHl The ««mW way of turning shares into I Vm*A~4A++U I I THE BURBERRY J K vr^J M B gfl i |f 4 I Available rxcluuvdv SINCAPORfc BuHxrm Maia Shop: 455 Orchard Road. #02-42/45/44. Wwna Alria. Singapore 0925. Td 755 7115 591 Orchard Road. *>1-10 Takashimaya Shopping Centre. Singapore
      176 words

  • Page 18 Advertisements
    • 96 18 I SPY I I II MY I I I I I I I VI Singapore's premier i;ift boutique SALE I '''in flu >-\|V :i J lln isi i i J. 1 n s, k In <«' Ms I! 1 J U< i ssi M H's I|\ |H i\\ 111 |>|
      96 words
    • 36 18 BT welcomes letters :g;g: from yon. Please xw! address them to: W& The Editor, gg sSS Business Times, m 390 Kim Seng Rd, gl: S'porc 0923. Letters ?|;g: 11 should include yowr im W& contact numbers.
      36 words
  • Page 18 Miscellaneous
    • 61 18 b^sTpLQ—pvbej sorry aj&out wr oorJes the. A •s^s eMN(MI9IaMHmI I IILMM|| M ,,A DOONESBURY GARRY TRUDEAU V FKANCeSCA.Cam AUffi 1 BC&OCS, YOU ARB THB H&HJAY, FIHATSUHAT a^T turn com arm me I vemw. eons urn you xxjumr.ru. rune/a*. anpul T>rnmmH6,mmnu. I tuouLpnu.imuu?,MAßNi- Ksacntex) FORG6TTHS RSCALLYCUR H ZA6K3SANPAO&S ABABA! I HCENTANMALTHATIS
      61 words


  • PERSONAL FINANCE & INVESTMENT
    • BULLS EYE
      • 622 20 Those polled on their view of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, DBS Asset Management. Kay Hian James Capel, Kim Eng Securities, Morgan Grenfell Asia Securities, OCBC Securities. Ong Company, Peregrine, Phillip Securities, Smith New Court. Tat
        Source: Vickers Ballas  -  622 words
      • 289 20  -  James Foo General manager MMS International (Singapore) MMS is a financial information and market analysis firm and is part of the Standard Poor's Information Group. 44T 1 he bullish reaction I of the Singapore .A. stock market to the 2nd quarter GDP of 10.1 per cent is
        289 words
    • 835 20  -  Some fund managers tell Lilian Ng how the performance of CPF unit trust funds can be improved Lilian Ng The writer is a free-lancer who writes regularly on investment matters CPF-approved unit trusts may show better returns with the new CPF rules, as fund
      Source: Micropal  -  835 words
    • 1175 20 MANY stock market virgins will soon begin love-hate affairs with shares, given the more liberal Central Provident Fund rules come Oct 1 and an ongoing government campaign to introduce a nation of homeowners to share ownership. Instead of flirting with the market, seduced by "hot tips" from
      1,175 words
    • 947 20  -  Investors can lower their risks by diversifying their investments without any loss in profit, says Patrick Choo Patrick Choo The writer is a senior investment officer of DBS Asset Management EVEN after more liberal rules come into effect on Oct 1, CPF savings
      Source: DBS Asset Management  -  947 words
    • 822 21  -  Soh Tiang Keng suggests that you consider restructuring your insurance policy to take advantage of the new retirement age Soh Tiang Keng WITH the new minimum retirement age at 60, it might be prudent to restructure your endowment policies, annuities
      822 words
    • 1129 21  -  By Agnes Chen OPTIMISTS believe that new Sesdaq listing, Sincere Watch Limited, could be an "ugly duckling growth stock", as one analyst puts it. The watch retailing company one of the oldest in Singapore is unprepossessing at first glance. It
      1,129 words
    • 412 21  -  C^tT By Chew Eng Han The writer is assistant manager of investments with NTVC Income A REMARKABLE GDP figure has propelled the Straits Times Industrials Index to dizzying heights. The big question which remains unresolved for now is whether the market
      412 words
    • 737 21 Deposit amount l-wk l-mth 3-mth 6-mth Deposit amount l-»k l-mth 3-mth 6-mth Amex Bank 50.000 Above ***** 4.06:5 ***** 4.06:5 Dmk SS5.000- US$20,000 2.3750 2.9375 3.1875 3 .875 5 J-Jj» Above US$150,000 3.1250 3.6875 3.9375 3.9375 50.000 Above
      737 words




  • Page 24 Advertisements
    • 119 24 Primero automatic chronograph movement. 1 T Non-reflecting sapphire glass. ZENITH Available in gold, gold and steel or steel. BA-INBOVV" J ip^/ F.«clu»ively At Ahmw ft Beyond rte lid 1 Maritime Square fO2-101 Expo Gateway Tel: *****42. Cvtina Waldi Centre ne Lid #01 -36 Raffle* City Shopping Centre Tel: *****85, X
      119 words



  • Page 27 Advertisements
    • 787 27 Null ling BeatsAßud. WHERE to wine, dine and entertain o or V—— A "Heavenly*' Feast Scrumptious Sichuan cuisine. Rich piping hot steamboat. Delicate Yanszhou Dianxian. Hon Sat :II .30am to 2.30pm Sun 10.30 am to 2.30pm KmgsQ King'* Hotel Clarion. A Member of CDL Hotels. Hsvelock Road. Singapore 0316. Tel:
      787 words
    • 316 27 I ill from. |j|wHJI^HHHHH Tok* y«»r pick. rente a iww country gS; ftt Stahlmt OrUroom Lunch: ■H| Noon 2.X pm Only $30++pmr pmrton. r*~~r. jrfrirn 7346 IS I M 1 L#V, <*=jNr- SDOMIMiBHtf. I \j f mi am T«i 7PW I gg.. 1 -> Have a sparkling nite with kpa
      316 words

  • Page 28 Miscellaneous
    • 2312 28 TODAY'S TV 1150 ciom. i. n.to AnhDsrhaha(r). 12.M nnnows. 12J0 PMIV fißiaiM Pahit Lidah, 3.30pm, SBC 5 Ym Can Cook: Food In The Fast SBCS 1.00 Kelah Room*! AagkasaSaruniing, a master I* 1 l-30pm, SBC 5 v arts, has a dishonest brother- Today's dishes include Beijing 0.00 AM Ceming Attraction!.
      2,312 words