The Business Times, 11 September 1993
1993-09-11
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The Business Times
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Title Section17 1993-09-11 1 Business Times Mi l A (P) 552/12/92 Weekend Edition, September 11-12 1993 WE KNOW ASIA 75 c17 words
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639 1993-09-11 1 Anna Teo - _?y Anna Teo SINGAPORE Wage talks have progressed smoothly this year, with employers agreeing to higher increments and bonuses than last year thanks to brighter economic prospects and the tight labour market. Feedback from unions indicates the basic wage639 words
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469 1993-09-11 1 Lilian Ang, Sylvia Wong - By Lilian Ang, Sylvia Wong SINGAPORE The existing Auctioneers' Licences Act, which governs both real-estate agents as well as valuers and auctioneers, is likely to be replaced by two new Acts one for estate agents and a separate one for valuers469 words
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Article115 1993-09-11 1 Reuter HONGKONG Market analysts lashed out at the delay in settling the sale of the South China Morning Post Holdings, the colony's major Englishlanguage newspaper publisher, following the suspension of its shares a week ago. Trading in the South China Morning Post Holdings wasReuter - 115 words
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136 1993-09-11 1 Reuter LONDON A British croupicr stunned bettors in a casino in western England on Thursday after she hit the same number on a roulette table seven times. Against odds set by experts at about 100 billion to one, Liz Harlow-Smith, 26, repeatedly saw theReuter - 136 words
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Article, Illustration421 1993-09-11 1 Bernama KUALA TERENGGANU Prime Minister and Umno president Mahathir Mohamad yesterday advised candidates vying for Umno party posts to withdraw if they feel they are not going to win. Addressing Umno members at the residence of the Terengganu Menteri Besar,Bernama - 421 words
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369 1993-09-11 1 AFP, Reuter HONGKONG The Securities and Futures Commission (SFC) yesterday disciplined Peregrine Brokerage Ltd, one of Asia's most aggressive stockbrokers, and two of its directors. Following a lengthy probe, the stock exchange watchdog censured Peregrine and its chief operating officer, Peter Wong, andAFP,; Reuter - 369 words
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Article158 1993-09-11 1 SINGAPORE Stock prices closed lower in Singapore, Malaysia and Thailand yesterday. But the Hongkong market rebounded slightly. In Singapore, the Straits Times Industrials Index dipped below the psychological 2,000 level for the first time in more than a week. Led mainly by profit-taking in beverage group158 words
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2am LATEST
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62 1993-09-11 1 Reuter PARIS A government official has confirmed that France is considering changing tax rules on savings in its 1994 budget to encourage investors to buy more shares and bonds. Such a move, ending the tax wrinkle that has made money market funds moreReuter - 62 words
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99 1993-09-11 1 Reuter UNITED NATIONS The top UN official in charge of dismantling Iraq's war machine said he would not continue crucial weapons talks next month unless Iraq allowed surveillance cameras at two missile test sites to be activated. Rolf Ekeus, head of the UNReuter - 99 words
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65 1993-09-11 1 Reuter JOHANNESBURG A trade fair here for US companies has made it clear Americans want to expand trade with South Africa as sanctions lift, but violence is keeping investment away, participants said. American companies were looking for agents and franchises in South Africa, butReuter - 65 words
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Article, Illustration112 1993-09-11 1 Stock Mrtet MkM Mfay C kaagc ST 11 1.998.70 -21 94 KLSE Compoaite 12a 74 -12.29 Nikkei 20.117.98 -7.M Hang Seng 7.***** +6.W SET Index 993.29 -5.J9 Jakarta Composite ...426.11 +3.76 CLSA China B 1039.41 -S.IS Ami AM Ord 1,941.5 +10.1 FTSEI00 3,037.0 +5.» Friday Pint— Midday daaa112 words
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Page 1 Advertisements
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Advertisement31 1993-09-11 1 B EB if if 1 *ft t I I >i i 1,, i I 1 i. .j ,^-< PLO and Israel sign historic agreement, Back Pg; Agreement stirs up turbulence, Pg 1531 words
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Advertisement23 1993-09-11 1 Lifestyle Cover Story: el Execs who overwork Voice for the workers, PL 3 Jump in number of house agent licences issued, Pg 223 words
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Advertisement8 1993-09-11 1 Hock Lock Siew: Pg 9 A worthwhile Venture8 words
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Advertisement219 1993-09-11 1 Stock market: el 4 r£, The best and worst sectors at Raffles: el 3 labour leader Yu-Foo Yet Shoon p v f ■B|t. «3Bfcf I Suspended jail term for investor, Back Pg COKTOfTS 1 S*pon Km 2 Tpanrifta* 5.6 ftipwri Nan 3 Fwrt 7 MHWNms au a*msL SES 1112 fcvwn219 words
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SINGAPORE NEWS
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Article, Illustration666 1993-09-11 2 Anna Teo - Much better chances of a good govt if aspirants are certified fit for job, says PM Goh By Anna Teo THE CHANCES of parliamentary elections producing a good government are much better if the candidates, like those aspiring to be President, are certified666 words
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277 1993-09-11 2 SINGAPOREANS who are away when Telecom launches its initial public offer next month need not worry abouf missing out. Central Provident Fund members will be able to authorise the CPF Board to apply for Group 'A' shares on their behalf.277 words
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Article, Illustration413 1993-09-11 2 Ven Sreenivasan - By Ven Sreenivasan THE Singapore Hotel Association (SHA) has forecast an average room occupancy rate (AOR) of 82.3 per cent for the third quarter. Monthly returns submitted by SHA members for the first six months of the year also showedSource: STPB - 413 words
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287 1993-09-11 2 CIVIL SERVANTS, especially those who deal with architects and lawyers, have been reminded not to favour the working wives of government leaders. A number of such women hold senior positions in the private sector. And a memo to287 words
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257 1993-09-11 2 A BEEF-NOODLE operator is banking on Singapore hawkers to help him set up a fast-food chain across China. Daniel Mok, executive director of Hwa Heng Famous Beef Noodle, is looking for 50 hawkers to join his food court project in Wuhan city the257 words
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Article, Illustration145 1993-09-11 2 THE QUALITY of furniture made locally and elsewhere in South-east Asia will get a boost with the opening yesterday of the Singapore Furniture Test Centre. The centre, at the Singapore Institute of Standards and Industrial Research (Sisir), received a start-up grant of $450,000 from145 words
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382 1993-09-11 2 Schutz Lee - By Schutz Lee AMENDMENTS to the New Zealand-Singapore Double Taxation Agreement (DTA) to plug loopholes in the pact came into effect yesterday. A statement from the Ministry of Finance's revenue division yesterday said that a protocol to amend paragraph 3 of Article382 words
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237 1993-09-11 2 A FREE life membership of Johor's new Pulai Springs Country Club, worth M 548.000, was won yesterday by BT subscriber Yee Kai Cheong. Mr Yee, general manager of a software company, won the first prize in BTs lucky draw for those who responded237 words
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Article, Illustration286 1993-09-11 2 THE number of housing agent licences issued by the Inland Revenue Authority of Singapore rose sharply in the first eight months of this year. The monthly average increased 64 per cent to 185, from 113 in the same period last year.Source: IRAS - 286 words
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Page 2 Advertisements
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Advertisement133 1993-09-11 2 WHEN IN CHiIA... Get The Straits Times, Lianhe Zaobao Business Times from the following hotels In Beijing Grand Hotel Beijing China World Hotel Shangri-La Beijing Liang Ma Tower Yanshan Hotel Tianlun Dynasty Hotel Great Wall Sheraton Hotel Swissotel Hotel Kunlun Hotel Holiday Inn Crown Plaza Holiday Inn Lido Hotel Gloria133 words
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Advertisement6 1993-09-11 2 EXECUTIVE OPPORTUNITIES read the Appointments pages6 words
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THE REGION
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665 1993-09-11 3 Anthony Rowley - From Anthony Rowley in TOKYO A FURTHER cut in Japan's official discount rate (ODR) next week is now a virtual certainty as a result of the gloomy economic picture emerging from the Bank of Japan's latest quarterly report on the nation's665 words
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302 1993-09-11 3 AP TOKYO Responding to calls to further bolster its economy, Japan signalled yesterday that it would include a one trillion yen (SSIS.I billion) increase on infrastructure spending as part of an upcoming stimulus package. Prime Minister Morihiro Hosokawa directed his economic ministersAP - 302 words
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175 1993-09-11 3 Reuter TAIPEI Taiwan is suffering its worst drought in 39 years, threatening crop production and reducing water levels in reservoirs to a critical state, officials said on Thursday. The Economics Miftistry's Water Resources Planning Commission had issued drought warnings in the northernReuter - 175 words
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Article, Illustration47 1993-09-11 3 Reuter DHAKA About 1,000 Bangladeshi communists marching in Dhaka on Thursday with huge portraits of (from left) Mao Zedong, Stalin, Lenin and Karl Marx. The march marked the 100 th anniversary of the birth of Mao, the late Chinese Communist Party leader. ReuterReuter - 47 words
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317 1993-09-11 3 UPI TOKYO A lop aide of Russian President Boris Yeltsin indicated on Thursday that Japanese pressure for Moscow to turn over four disputed islands seized by Soviet troops at the end of World War II might scuttleUPI - 317 words
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364 1993-09-11 3 Bloomberg Business News SYDNEY Australian companies seeking to expand into Asia must overcome a common Asian perception that Australians are lazy and overpaid, the Committee for Economic Development of Australia (Ceda) said in a report. In many Asian minds, Australia is aBloomberg Business News - 364 words
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Article, Illustration406 1993-09-11 3 Harish Mehta - By Harish Mehta SINGAPORE Lucrative investment opportunities lie in Vietnam's ruby mines, once off-limits to foreign firms. A Thai miner has made a rich haul, and a Russian miner plans to start exploring soon. Before 1989, foreign firms were barred from biddingSource: Ministry at Heavy Industr,Hanoi - 406 words
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182 1993-09-11 3 Reuter HANOI Singapore-based Dragon Properties has signed a joint venture deal to build an office and apartment complex in Hanoi, including the Vietnamese capital's tallest building, the company's managing director said. Peter Purcell said the joint venture with the state-owned HanoiReuter - 182 words
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ASIA NOTES
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Article74 1993-09-11 3 SINGAPORE The Trade Development Board is sending a trade mission to Java from Sep 13 to 18. The mission, comprising representatives of nine Singapore companies, aims to explore business potential and expand existing links with counterparts in Jakarta, Semarang and Surabaya. Mission members will also74 words
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65 1993-09-11 3 AP SYDNEY Prime Minister Paul Keating will tell Queen Elizabeth II that Australia no longer wants her as Head of State during a two-week overseas tour starting today. He will outline his plans for an Australian republic with the British monarch on SepAP - 65 words
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Article, Illustration41 1993-09-11 3 AFP BEIJING A Chinese man looking through a new biography of Deng Xiaoping on the first day of sales in Beijing bookstores yesterday. The book, titled My Father Deng Xiaoping is by Mr Deng's daughter Deng Rong. AFPAFP - 41 words
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Article115 1993-09-11 3 Reuter MANILA Philippine banks were assured of fair play when proposed laws opening up the financial system to foreign banks are approved, a senior government official said yesterday. Central Monetary Authority governor Gabriel Singson, allaying concerns aired by local banks, said the authorities will allow the entryReuter - 115 words
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60 1993-09-11 3 AP MANILA Vietnam has agreed to host exp|oratory talks between the Philippine government and communist rebels on ending the 24-year-old insurgency, a Vietnamese embassy official said here yesterday. Le Tien Ba, first secretary of the Vietnamese embassy, said his government has accepted a PhilippineAP - 60 words
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Article77 1993-09-11 3 Reuter BAT AC, Philippines The body of former president Ferdinand Marcos was laid to rest on Philippine soil yesterday, encased in a glass casket and put on display. After angry eulogies in defence of the man accused by his enemies of being a tyrant andReuter - 77 words
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93 1993-09-11 3 AFP JAKARTA A top Indonesia labour official yesterday accused the United States of victimising Indonesia by linking the country's labour and human rights record to the continuation of trade privileges. Payaman Simanjuntak. director-general of Industrial Relations and Supervision of Labour Standards pointed out that if humanAFP - 93 words
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379 1993-09-11 3 Reuter BOMBAY India announced a sharp rise in its external debt to US$B5.4 billion (S$ 136.6 billion) after including Russian military loans in the total for the first time. In its annual report, the Reserve Bank of India (RBI)Reuter - 379 words
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371 1993-09-11 3 Reuter PHNOM PENH Cambodia's Prince Norodom Sihanouk said he has a tumour and will not be able to return home from Beijing until it is removed. "This new health problem adds to my previous problems, especially the hardening ofReuter - 371 words
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THE WORLD
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WORLD WATCH
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69 1993-09-11 4 AP WASHINGTON The growth of multinational corporations is increasing trade friction among nations and making it tougher tor the United States to manage its economy, congressional analysts said on Thursday. Congress' Office of Technology Assessment said in a report that the US economy may sufferAP - 69 words
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100 1993-09-11 4 Reuter HANOI Vietnam is expected to sign a cooperation accord with the European Community later this year, Erik Derycke, Belgium's state secretary for development cooperation, said yesterdav. Mr Derycke told reporters that in a Memorandum of Understanding signed this week on cooperation with Belgium, VietnamReuter - 100 words
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92 1993-09-11 4 Reuter PARIS Belgian Foreign Minister Willy Claes, current president of the European Community's Council of Ministers, said the Exchange Rate Mechanism's effective collapse was due to an Anglo-Saxon plot. "Yes, I believe in the existence of a certain form of plot. In this Anglo-Saxon world,Reuter - 92 words
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71 1993-09-11 4 AFP BRUSSELS The European Community should assume more responsibility for its security and start pooling resources in common defence programmes, EC chief executive Jacques Delors said here yesterday. Mr Delors said Nato remained the most efficient mechanism for ensuring security on the continent, butAFP - 71 words
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62 1993-09-11 4 Reuter MOGADISHU United Nations troops were braced for more violence yesterday after they fired at Mogadishu gunmen trying to end the world body's peacekeeping role in Somalia. Somali residents said 100 civilians were killed when UN helicopters fired into a crowd which mobbed a strickenReuter - 62 words
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340 1993-09-11 4 AFP BRUSSELS A gathering trade crisis over agricultural subsidies confronts European Community foreign ministers when they hold their sixmonthly global review at a Belgian chateau today and tomorrow. They will be trying to end a stand-off between France and the United States over anAFP - 340 words
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Article591 1993-09-11 4 But consumers play hard-to-get in the worst sales slump since World War II Reuter FRANKFURT Europe's car makers, desperate to move the metal during the worst sales slump since World War 11, are slashing prices and mulling discounts and rebates to attract buyers. ButReuter - 591 words
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460 1993-09-11 4 Reuter LONDON Banks yesterday agreed on a £1.1 billion (552.7 billion) rescue package for London's prestigious Canary Wharf development project, which fell victim to a property crash and dragged its Canadian owners into financial crisis. "Not only will theReuter - 460 words
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212 1993-09-11 4 AFP WASHINGTON The White House's proposed reform of the US health care system would require drug companies to pay rebates on prescription drugs covered by federal insurance for the poor and elderly. The plan envisions the creation of a National Health Board,AFP - 212 words
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243 1993-09-11 4 Reuter ROME The cabinet of Prime Minister Carlo Azeglio Ciampi yesterday approved plans to slash state spending amidst fears that recession is fuelling social unrest. But the five-month-old government now faces a stiff struggle to win parliament's approval for the austerity proposals.Reuter - 243 words
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344 1993-09-11 4 Bloomberg Business News WASHINGTON Congress will once again consider imposing a withholding tax on foreign holders of US Treasury debt securities. The proposed legislation is not likely to pass, however. US bonds traded lower earlier yesterday in Tokyo in part because ofBloomberg Business News - 344 words
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236 1993-09-11 4 Reuter MOSCOW Russian exporters of strategic goods must provide full information about their activities and give access to their foreign bank accounts, a senior official at the Foreign Trade Ministry said yesterday. "Of course, nobody expects the banks to give information about the accounts.Reuter - 236 words
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Article, Illustration268 1993-09-11 4 NYT ATHENS Prime Minister Constantine Mitsotakis dissolved Parliament on Thursday and called general elections seven months ahead of schedule after losing his slim parliamentary majority because of the withdrawal of dissenting deputies in his conservative party. After a week-long political crisis, MrNYT; Reuter - 268 words
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Page 4 Advertisements
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Page 4 Miscellaneous
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Miscellaneous110 1993-09-11 4 IT'S Tne BIRD TMAT LOG. see gjjougw OF iicMfeMC i S*TS ON MV LJtNDOW OTM&fc Pfl* TM£ i MEDGB FROM D*u)N OFF iCE. PiLL D*Y..... wdO S U£R£ TlU zmsz I, lr VISITS.... ,k s.K If C ASSOCIATED LTO, IWIM3 6rf. 9QiO DOONESBURY GARRY TRUDEAU I'M OFF 70 WORK, WOH,110 words
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COMPANIES & MARKETS
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369 1993-09-11 5 Genevieve Cue - By Genevieve Cue SINGAPORE Diversified engineering group Acma yesterday announced that its net earnings more than tripled to $19.51 million for the year ended June 30 thanks mostly to profit from the sale of Goldtron shares. Goldtron ceased to be an'369 words
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290 1993-09-11 5 R Sivanithy - By R Sivanithy SINGAPORE Keppel Securities has brought forward the deadline for submission of settlement forms for share transactions using Central Provident Fund investment accounts, a move that sources say could act as a deterrent to the CPF investor. In a statement issued yesterday,290 words
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Article331 1993-09-11 5 Dexter Lee - By Dexter Lee SINGAPORE Sluggishness in the global airline industry meant less fresh business for Singapore Aerospace in the first-half of this year, but the company's bottom line was saved by a lower tax bill. Yesterday, the Singapore Technologies' stable member reported flat growth in331 words
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333 1993-09-11 5 Rahita Elias - By Rahita Elias SINGAPORE National carrier Singapore Airlines (SIA) has tied up with a US aircraft leasing and finance company to break into the highly competitive aircraft leasing business. Under an agreement signed yesterday with Boullioun Aviation Services, the two have333 words
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855 1993-09-11 5 Ven Sreenivasan - HOCK LOCK SIEW By Ven Sreenivasan SINGAPORE When Venture Manufacturing went public last year, few analysts expected it to be more than an obscure addition to the second board. The company offered 12 million 25-cent shares at 40 cents each, of855 words
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354 1993-09-11 5 Quek Hiang Whai - By Quek Hiang Whai SINGAPORE Lower interest expenses and higher rental income from investment properties helped Wing Tai Holdings lift net earnings 81 per cent in the year to June 30. The listed garment maker and property developer saw net profit jump354 words
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340 1993-09-11 5 A J Leow - By A J Leow SINGAPORE Orchard Parade Holdings may see a substantial increase in group profit for the year ending Dec 31 if a temporary occupation permit (TOP) can be obtained for its West Bay Condominium project late in340 words
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Article, Illustration300 1993-09-11 5 Source: Bridge Info Performance of STII's Index stocks Sep 10 Last Smi Ma Stock talc One hctoaottn <*» <f) Avimo 2.060 -0.040 1 46 2.59 CAC 7.300 5.19 Central 5.700 -0.150 4.05 9.71 FAN 14 300 -0.700 10.16 45.31 GF Asu 3 080 0.040 2.19 -2.59 Gen Mat 1.340Source: Bridge Info - 300 words
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COMPANIES
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COMPANY BRIEFS
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58 1993-09-11 6 SINGAPORE Goldtron yesterday said it has secured shareholders' approval for its proposed one-for-four bonus issue and one-for-four rights issue. The 54.45 million new rights shares with warrants will be offered at 88 cents each. Each warrant carries the right to subscribe for another new58 words
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Article40 1993-09-11 6 SINGAPORE Resources Development Corporation yesterday said it has appointed Tjong Yik Min as chairman to replace Au Eng Kok. Mr Tjong, who is permanent secretary of the Ministry of Communications, will also chair RDC's audit committee.40 words
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48 1993-09-11 6 Bernama KUALA LUMPUR Kamunting Corporation, which operates the Kepong interchange toll and has Multi-Purpose Holdings Bhd in its stable of companies, is on the lookout for new business opportunities. Kamunting chairman Lim Bok Yeng said this was aimed at strengthening its future prospects. BemamaBernama - 48 words
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83 1993-09-11 6 Bernama KUALA LUMPUR Leong Hup Holdings Bhd expects better results for the year ending March 31, 1994. Chairman Lau Chong Wang said the Malaysian chicken market had returned to normal and prices of broiler and day-old chicks had recovered fully from the prolongedBernama - 83 words
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59 1993-09-11 6 Bernama KUALA LUMPUR MCL Corporation Bhd, en route to a listing on the second board of the Kuala Lumpur Stock Exchange, is making an offer for sale of 3.13 million ordinary M$ 1 shares at M 52.80 each. Of the offered shares, 2.18Bernama - 59 words
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Article45 1993-09-11 6 SINGAPORE The College Retirement Equities Fund from New York has bought 450,000 shares of Acma Ltd. The purchase has raised its stake in Acma from 9.34 per cent to 9.99 per cent. It now holds 6.89 million shares in Acma.45 words
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Article53 1993-09-11 6 SINGAPORE Inno-Pacific yesterday clarified that it suffered a loss of $1.54 million from the sale of 6.5 million Lucky Man Properties shares to Sammy Investment Ltd, and not $1.3 million as reported in BT on Sep 9. The lower amount was quoted in an announcement due to53 words
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Article, Illustration585 1993-09-11 6 Reuter BOMBAY Indian textile tycoon Nusli Wadia, the grandson of the founder of Pakistan, has added another jewel to his corporate crown amid allegations that he was a spy out to destabilise the country. The 49-year-old businessman was appointed chairman of theReuter - 585 words
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406 1993-09-11 6 NYT SAN FRANCISCO Intel Corp and MCI Communica- tions Corp said on Thursday that they had agreed to explore and develop ways to integrate the personal computer and the telephone. The announcement marked the first such agreement between Intel and a longNYT - 406 words
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492 1993-09-11 6 Reuter TOKYO The total losses of major Japanese airlines in the business year to March 31, 1994, will be steeper than in the previous year as the economic slump has discouraged passengers from travelling, analysts said. "Their current earnings will fall aReuter - 492 words
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290 1993-09-11 6 Reuter HONGKONG Hongkong's Jardine Group, optimistic that continental Europe's dismal car market has hit the bottom, announced on Friday that it had agreed to buy France's biggest independent motor dealer network. Jardine International Motor Holdings said that it had agreed to buy theReuter - 290 words
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420 1993-09-11 6 Reuter OSAKA A Japanese liquor distributor yesterday said it has asked the Fair Trade Commission (FTC) to investigate a joint venture between giant brewers Budweiser and Kirin. Budweiser Japan Co Ltd, a match between AnheuserBusch Co Inc, the world's largest brewery, andReuter - 420 words
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417 1993-09-11 6 Reuter SAN FRANCISCO Apple Computer's hand-held Newton computer is selling out in retail stores, despite some early reviews that found the product far from bug-free. Analysts and computer store clerks say the Newton Message Pad a personal computer that fits in the palmReuter - 417 words
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406 1993-09-11 6 Reuter TOKYO Sanyo Securities Co Ltd. which operates a merchant bank in Singapore, was reported yesterday to be seeking help to bail it out of financial trouble but the company moved quickly to deny any problems. The financial daily Nihon Keizai Shimbun saidReuter - 406 words
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Article1307 1993-09-11 6 muni' prtfffl Sep II A 13 hMTMCI F»d Income Bond Policy 3.65 3.71 unci I nisx The Commerce I.SO I.M The Savnyi Fund 1.42 1.49 PniLink Mfd Fund 1.24 1.30 S'pore Pre* Fund 0.65 0.61 m»» Spore Sec Fund 0.95 l.00*d S'pore Invest Fund 1.12 l.l« Fira Bputra 1.88 1931,307 words
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FINANCE & COMMODITIES
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Article, Illustration522 1993-09-11 7 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE Nobel prizewinning economist Professor Merton Milier yesterday suggested that Singapore should trade in local stock index futures in line with its desire to become the leading financial centre in South-east Asia. Prof Miller, professor at the522 words
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224 1993-09-11 7 Quak Hiang Whai - By Quak Hiang Whai stock exchanges. The amount to be issued in Asia will depend on market conditions. The issue, lead-managed by IBJ International and Merrill Lynch, has been rated AA by Standard Poor's and A1 by Moody's. The maturity and coupon224 words
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Article, Illustration410 1993-09-11 7 DBS weekly currency review US$/DM: Taking the southbound train... THE greenback plunged last Friday to a low of 1.6165. It then consolidated between 1.6048 and 1.6250 early in the week before bears returned to drag it lower to 1.595 on Thursday night. Although the410 words
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316 1993-09-11 7 Reuter SINGAPORE The Republic's status as the world's top bunkering port may soon be a thing of the past as other centres grow in importance, oil traders said. "Although Singapore still maintains an impressive monthly bunker sales volume of one million tonnes,Reuter - 316 words
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428 1993-09-11 7 ENERGY REPORT Reuter LONDON Oil prices fell more than 50 cents a barrel on Friday to their lowest level in three years and Opec, faced with falling global demand for crude oil, appeared powerless to halt the slide. London Octobcr futuresReuter - 428 words
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Article, Illustration115 1993-09-11 7 THE US$ moved lower against European currencies but higher against yen after expectations of a German rate cut become reality. The old adage "buy on rumour sell facts" applies. The US$/S$ moved lower overnight following softer USS/majors. Traders were mostly uncertain and sidelined. Early attempts115 words
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Article195 1993-09-11 7 Reuter LONDON The punch-drunk dollar finished flat in Europe yesterday as the blows of another difficult week took their toll, dealers and analysts said. "In the past week or so, sentiment certainly changed," said Lindsay Mackay, chief foreign exchange dealer at Bank of Scotland in London. "It seems thatReuter - 195 words
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Article69 1993-09-11 7 Reuter NEW YORK The US dollar continued to smart from a surprising 0.6 per cent drop in August US PPI at midday. Dollar/mark bore the biggest brunt as the data depressed the T-bond yield to 5.89 per cent, widening the rate differential with Germany. Dollar/yen also fell, butReuter - 69 words
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Article, Illustration911 1993-09-11 7 Trade~weighted index calculated against S'pore's top 14 trading partners Base year 1985 US$/S$ forward rates Noon Sep 10 Bid Ofier 1-month 1.5994 1.6009 2-month 1.5992 ***** 3-month 1.5990 1.6005 6-month 1.5977 1.5997 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m mi Sep 9 Singapore dollars to one unit of911 words
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187 1993-09-11 7 SINGAPORE P T Bank Bali, which operates an Indonesian joint-venture bank with Singapore's United Overseas Bank, yesterday raised US$5O million (5580.5 million) through the issue of a floating rate certificate of deposit (FRCD). The money is raised through the bank's Cayman Is- land branch187 words
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COMMODITIES & FUTURES
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1446 1993-09-11 8 SIMEX REPORT Reuter SINGAPORE The Simex Euroyen interest rate futures contract ended weaker after a Hurry of stoploss selling unleashed by the release of the Bank Of Japan's (BOJ) quarterly Tankan economic survey, traders said. June Euroyen. which opened at 97.38 against 97.39 on theReuter - 1,446 words
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612 1993-09-11 8 COMMODITY REPORTS Tin TIN hit an all-time low of M$ 11.54 per kg at the close, down 14 cents from Thursday, mainly affected by a lower London market overnight, larger miners' selling and poor consumers demand, traders said. The previous low was612 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article79 1993-09-11 8 TOKYO Japanese traders report continued offers from Chinese zinc suppliers, but say the prices are above the current market. Nevertheless, more Chinese zinc is thought to be on its way to London Metal Exchange-registered warehouses in Singapore. "They still have some cargoes to deliver to79 words
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Article87 1993-09-11 8 SINGAPORE A private Indonesian oil company has discovered oil and gas reserves at the Selat Panjang block in central Sumatra, the national oil company Pertamina announced. PT Petronusa Bumibakti found reserves amounting to 2,529 barrels of oil per day and 6.805 million cubic feet of87 words
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Article94 1993-09-11 8 SINGAPORE The Petroleum Authority of Thailand has cancelled its requirement to buy 650,000 barrels of Persian Gulf heavy crude for Nov 1-15 delivery, sources close to PTT said. The PTT, which was issuing the requirement on behalf of the Bangchak refinery, decided that it was too94 words
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Article107 1993-09-11 8 TOKYO Tomen Corp of Japan and two Russian firms will jointly expand terminal facilities at the Siberian port of Nakhodka for export of coal tar and other petrochemical products, a Tomen spokesman said. He said that Tomen will hold a 40-per cent stake in the107 words
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Article1693 1993-09-11 8 Rubber Sep 10 HAS Commodity Exchange (futi ■ros dosing as at lpni) RAS (pkyskal prices) RSS 1 Contract (S cents/kg) A A Buyers Sol tors Close Volume Open As at 12 noon (3 tcnivigi Month HigJ i Low Sett (tonnes) Interest RSS 2 Oct 93 133.50 134. SON1,693 words
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REGIONAL STOCK MARKETS
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Article1130 1993-09-11 9 10.1 Shares closed firmer in moderate trade, led higher by a recovery in gold stocks and strength in some blue chips. The All Ordinaries Index rose 10.1 points to close at 1941.5. "Leading stocks showed the way, in particular Lend Lease and News Corp. 1 guess the rest of1,130 words
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Article651 1993-09-11 9 +7.45 Share prices closed at record highs as the market was buoyed by heavy foreign buying in Manila Electric Co (Meralco), dealers said. "The market is up with heavy volumes coming from foreign buyers who are concen- trated on Meralco," said Robinson Siao of Abacus Securities Corp. "It was651 words
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Article430 1993-09-11 9 +0.62 Stocks prices ended flat after late profit-taking, particularly in financial issues, erased earlier gains which had taken the index up to the 700 level, brokers said. The Composite Stock Index closed 0.62 point firmer at 696.76, with about 24.8 million shares changing hands. Winners outpaced losers by two430 words
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Article238 1993-09-11 9 -6.30 Shares ended slightly softer, despite a clear trend of improved profitability in most June reporting stocks. The NZSE-40 Capital Index ended 6.30 points down at 1,985.99 on comparatively turnover of NZ$36 million. Brierley Investments was sold down quite heavily after Thursday's result held no positive surprises, and238 words
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Article547 1993-09-11 9 +31.74 Share prices ended higher on hopes that the central bank would lead domestic interest rates further down, brokers said. A local newspaper report and Germany's overnight rate cut fuelled these hopes. News the Securities and Exchange Commission would start matching trades every 90 seconds by computer next week,547 words
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Article61 1993-09-11 9 +39.66 Stocks closed higher on buying by state-owned financial institutions and by foreign fund managers, brokers said. The Bombay Stock Exchange (BSE) 30-Share Index closed at a provisional 2,702.20, up 39.66 from the previous close. The 100-share National Index closed at a provisional 1,273.39, up 25.66 points. Brokers said61 words
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WORLD STOCK MARKETS
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Article720 1993-09-11 9 +5.8 Share prices ended slightly higher measured by the FTSE 100 index but were mixed overall in a market lacking direction, traders said. The FTSE 100 index of leading shares closed 5.8 points up at at 3,037.0, making for a net fall of some 20 points on the week.720 words
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Article107 1993-09-11 9 -0.37 Shares ended little changed from Thursday's close as foreign selling, which had weighed heavily on prices during recent sessions, eased off, dealers said. The CAC-40 Index ended down 0.37, or 0.02 per cent, at 2,108.38. Paris Sep 10 Fr Air-Lxjuide 747 00 -J 00 Alcatel Ansthom 7MOO -»00107 words
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Article216 1993-09-11 9 -19.37 Shares on the Frankfurt bourse are expected to extend their losses next week, hit by a weakening dollar and unsettled by the approach of a triple witching, dealers said. The 30-share DAX Index closed 19.37 points lower at 1,861.44, at its low of the day, although it recovered216 words
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Article182 1993-09-11 9 -0.43 pc Shares closed off session lows in moderate trading as dealers wound down positions before the weekend and next week's end of the September account. Dealers said the half point cut in Bank of Italy's discount rate to 8.5 per cent, government approval of the 1994 budget and182 words
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Article128 1993-09-11 9 -3.24 Stocks dipped slightly despite Thursday's rate cuts because of a stronger franc, traders and analysts said. The BEL-20 Index closed down 3.24 index points to close at 1320.65. Volume was average with around 281,000 shares traded compared to 371,000 shares yesterday. Brussels Sep I* fraac -f FORWARD MARKET128 words
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Article240 1993-09-11 9 +0.99 Shares started mixed, dragged by a lower dollar and lower bonds, and stirred little all day. Dealers say investors are trying to feel out where the bottom is for the retracement from recent highs. The EOE Index closed at 347.87, up 0.99. The main feature was insurer AMEV,240 words
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Article295 1993-09-11 9 -10.55 Shares closed lower in lacklustre trade ahead of a long weekend. The Zurich bourse will be closed on Monday for a local holiday. But bourses in Basle and Geneva will open. Nestle led the market lower. The food group said its consolidated net profit rose by six percent295 words
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Article272 1993-09-11 9 +56.45 Stocks opened down on sagging gold, forestry and transportation stocks in quiet trade expected to continue. "The next few weeks we can expect a sluggish performance. We're in a deflationary type of economy," an analyst said. The TSE 300 Composite Index opened off 9.62 points to 3999.70 on272 words
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Article786 1993-09-11 9 +0.56 Wall Street shares firmed in midday trading as buyers were gradually and selectively relieving the pressure from the sell-off of earlier this week. Stocks were also encouraged higher by the backdrop of a favourable interest rate environment confirmed by yesterdav's reported 0.6 per cent fall in August786 words
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Article301 1993-09-11 9 +26 The day's solid gains in South African gold shares and mining financials were wiped out by the close yesterday after the gold price suddenly fell six dollars. The gold price fall took the financial rand higher but it failed to support prices. The Gold Index shed 10 points301 words
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Article78 1993-09-11 9 -0.74 pc Stares ended the week lower in a local wait-and-see mood. Since Bundesbank rate cuts failed to lift the bourse dealers chose to sit out developments. Stockholm Sep 10 Skr Ase* 467 00 -100 Ann I5«00 -2 00 Alias Copco MO 00 uoch trvcvsor <0000 -6 00 Esab78 words
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Article620 1993-09-11 9 Vienna Sep 10 Aich Al r A l»TO -20 Bank \usln» (PI Comuntia **4 I F lugtufn «5 unch Loi/it* K4 6 Lrtkam HI I SfrvrrD P t« nodi Stribaf I4» 10 VciMcter MO one* WwnertKfi J5*> undi Source: Bank Austria Aktiengesellchaft Nasdaq S e» 9 US$ Adoiph Coorj Brr»620 words
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Article, Illustration2665 1993-09-11 10 Reuter STOCKS closed marginally higher as late demand from overseas helped erase early losses, brokers said. The Hang Seng Index edged up 6.69 points to end at 7,593.45 after lagging by 37 points earlier. Only HK52.79 billion worth of shares was traded against HKS4.2B billion on Thursday. "Turnover shrankReuter; Source: Bridge Info - 2,665 words
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Article, Illustration475 1993-09-11 10 SHARE PRICES on the Shanghai B market closed unchanged to lower on thin trading. The CLSA Shanghai B Index closed down 9.97 points to 792.36. Dazhong was the most actively traded stock, losing 1.23 per cent while Rubber Belt losing 2.86 per cent was the biggest loser. Trading in475 words
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Article, Illustration2536 1993-09-11 10 Reuter STOCKS ended mixed after falling most of the day with sentiment supported by hopes of a significant cut in the official discount rate (ODR), brokers said. The poor results of the Bank of Japan's quarterly corporate survey (the Tankan) boosted rate cut hopes. 'The market reacted only aReuter; Source: Bridge Info - 2,536 words
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Article, Illustration1734 1993-09-11 10 Reuter STOCKS traded actively but the under-performance of property stocks sparked prof-it-taking while investors switched to banking sector, brokers said. The SET index held at the 1,000-point level in early morning but since then started to edge lower. It closed 5.39 points lower at 993.29 on heavy turnover ofReuter; Source: Bridge Info - 1,734 words
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Article, Illustration995 1993-09-11 10 Reuter SHARE prices closed higher in moderate session trade yesterday, brokers said. The Official Index closed at 427.99 up 1.88 points. "Overall sentiment remained positive, light profit taking was well absorbed." a local brokerage dealer said. A brokerage analyst said the market is set to test new high asReuter; Source: Bridge Info - 995 words
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Article, Illustration2462 1993-09-11 11 Source: Bridge Info Source: Bridge Info MIM Idns Hyd 50c 30.584.000 AMDB 50c 14.822.000 Mcnang C orp 11,163.000 KL Industries 10.434.000 Pegi Msia 10.328.000 FACB 50c 8.883.000 Kjimunting 50c 8.347.000 Atrial Steel 50c 6,504.000 Fabcr Group 5.886,000 Renong Bhd 50c 5.831.000 Sd Properties 5.252.000 Mulpha Inll 50c 4.583.000Source: Bridge Info - 2,462 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5364 1993-09-11 11 Bernama SHARE PRICES closed lower on profit-tak-ing activity but rumour-driven counters continued to rake in hefty gains. The KLSE Composite Index dropped 12.29 points to 820.74, and 3.6 per cent off the all-time of 851.94 reached on Tuesday. The broader Emas Index was 2.58Bernama; Source: Bridge Info - 5,364 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1040 1993-09-11 12 R Sivanithy - By R Sivanithy SHARE PRICES eased for the fourth day in a row, as investors continued to focus on rumour-backed Malaysian counters while taking profits in blue chips. In early trading, the Straits Times Industrials Index moved to an intra-day high ofSource: Bridge Info - 1,040 words
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Article, Illustration57 1993-09-11 12 Quak Hiang Whai - Quak Hiang Whai PARKWAY Holdings is still on an upward trend, but potential now looks limited. Daily and monthly RSls, though still rising, are well above 75. The daily MACD, meanwhile, is showing overbought signals. The stock will probably reach $2.40, where it will consolidate. Strong support isSOURCE: BRIDGE INFO - 57 words
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Article6279 1993-09-11 12 I.r (.1 1993 Last V«l Dn Last Owe Di» D* YW Net M Cm Hick Low Coavaay Sale (W) Hi»h Low B«yer Setter Cn P/E INDUSTRIAL AND COMMERCIAL I3JO 260 Acma 1220 30 367 1230 1200 1220 1230 12.3 II 1.0 32.1 (40.9 ">70 220 j Alex Hldgs SOc 2706,279 words
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Page 5 Advertisements
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Advertisement280 1993-09-11 5 Now's your Ift chance to pay H tribute to lIK the spirit of 111 entrepreneurship HI M Cast your nominations for this s Singapore Business Awards Business Times, Singapore* LwinM daily, and DHL Worldwide Express, the leading international air upim company, first started an awards scheme I to honour mo*280 words
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Page 8 Advertisements
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Advertisement309 1993-09-11 8 BUSINESS TIMES TOLL-FREE TEL. No. 1800-741 1833 FAX:74I 1298 OFFICIAL NOTICE We, Syabas Tankers Private Limited, of 10 Anson Road, #30-07 International Plaza, Singapore 0207, hereby give notice that in consequence of the ship hereinafter named, we have applied to the Registrar of Singapore Ship's, under Section 386 of the309 words
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Advertisement36 1993-09-11 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead T" issass Wojfers Br the most Mr current ■P list of J° b 4 1= opportunities36 words
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Page 9 Advertisements
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Advertisement9 1993-09-11 9 o REGIONAL ANALYSI^ Every Wednesday, in Business Times II9 words
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Page 10 Advertisements
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Advertisement23 1993-09-11 10 Estabfcsiwd «nc» 1919 ANTIQUEAI^TATE ShcmgriLa hotel StockkiofGJA. QmHtd Dhmondi Tel: 732 5689 DITO IDPC nijiifLi Li_n PATtK PHIUPPt Manufacturing jewellers since 1919 CHRONOGRAPH23 words
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Page 11 Advertisements
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Advertisement15 1993-09-11 11 SSPS PORT SHOTS Th e latest in sea, air and land transportation. 1 m BusmessDmgs15 words
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Page 12 Advertisements
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Advertisement19 1993-09-11 12 «nc* 1919 ANTIQUE RESTATE ShangriLa hotel StodtoctOJA CmmadOmman* Tel: 732 5689 patek phiuppe 2<rnmSS^S^Ldzw Manufacturing jewellers since 1919 CHRONOGRAPH19 words
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SPORTS
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Article, Illustration755 1993-09-11 13 US Open NEW YORK Another day, another upset. Cedric Pioline became the first Frenchman in 61 years to reach the semifinals of the US Open on Thursday night, following up his triumph over top-ranked Jim Courier by knocking out No 8 Andrei Medvedev. Pioline, who has never755 words
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614 1993-09-11 13 George Vecsey - By George Vecsey NYT DO I detect a tremor of ennui among the folks *n the US because only one American, Pete Sampras, is among the eight semifinalists at the US Open? Are Americans really not going to tune into theNYT - 614 words
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PASSING SHOTS
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Article149 1993-09-11 13 AP THERE MAY BE some bad blood brewing in the US Open semi-final between Pete Sampras and Alexander Volkov over a victory by the American a year ago. Sampras, the second-seeded men's player, said Volkov might not have given his all in a 6-4, 6-1, defeatAP - 149 words
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66 1993-09-11 13 AFP FOR THE FIRST TIME in the history of the US National championships, the eight men's and women's semi-finalists are from eight different countries. The women's side boasts Steffi Graf (Gcr), Arantxa Sanchez Vicario (Spn), Helena Sukova (Cze) and Manuela Malecva Fragniere (Swi). For the men,AFP - 66 words
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Article88 1993-09-11 13 AP PETE SAMPRAS' victory over Chang did more than give him a berth in his second straight Open semi-final. It prevented the star-crossed tournament from making some more negative history. If Chang, seeded seventh, had beaten Sampras, seeded second, it would have produced men's semi-finalsAP - 88 words
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Article105 1993-09-11 13 AFP TODD WOODBRIDGE and Helena Sukova teamed up for the first time in the mixed doubles at the US Open and walked away with the title, beating Martina Navratilova and Mark Woodforde 6-3, 7-6 (8/6). Woodbridge, of Australia, almost didn't make it to their first match.AFP - 105 words
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Article75 1993-09-11 13 AFP AUSTRALIAN PLAYERS on the men's tennis tour are a close-knit bunch, according to veteran Wally Masur. Masur, who has reached the semi-finals of the US Open for the first time in 10 appearances, said his compatriots are his best travelling companions. "We are a small country,AFP - 75 words
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Article, Illustration369 1993-09-11 13 Goir AP OAKVILLE, Ontario Strong, blustery winds swept away the hopes of any afternoon challengers and left Steve Strieker as the long shot firstround leader on Thursday in the Canadian Open. Even Strieker, a native of Edgerton, Wisconsin, who has playedAP - 369 words
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SPORT SHORTS
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Article, Illustration136 1993-09-11 13 Reuter LONDON World 1,500 m champion Noureddine Morceli said on Thursday he was prepared to break the world record to win this year's overall Grand Prix title. The 23-year-old Algerian, who added the world mile record to his world 1,500 m best, is one of six male athletes whoReuter - 136 words
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Article, Illustration132 1993-09-11 13 AP Reuter BOSTON American Major League dub owners broke with tradition on Thursday, voting to divide each league into three divisions starting next year. The Kn, subject to the approval of the jor League Players' Association, would lead to an expansion of the playoffs from four to eight teams,AP; Reuter - 132 words
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Article, Illustration136 1993-09-11 13 AP ZWOLLE, Netherlands Anatoly Karpov forced Jan Timman into a draw after 49 moves on Thursday to prolong their tie after three games in the Fide World Championship. The players were even at lto points each in the 24-game championship match, which has been upstaged by a rival contestAP - 136 words
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Article, Illustration173 1993-09-11 13 AFP LONDON British Open champion Greg Norman will miss his next two scheduled tournaments due to a shoulder injury. He has pulled out of the Canadian Open and the Trophee Lancome tournament next week in Paris. "My doctor has informed me that under no circumstances am I to playAFP - 173 words
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Article, Illustration149 1993-09-11 13 AP AP BERN, Switzerland Olympique Marseille owner Bernard Tapie on Thursday won the legal right for his team's European Cup reinstatement. Fifa had threatened to ban France from international soccer over match-rigging allegations against Marseille. The organisation told the French federation it must bar Marseille from national competition ifAP - 149 words
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Article, Illustration194 1993-09-11 13 AP AFP NEW YORK Tom Gorman, captain of the US Davis Cup team since 1986, submitted his resignation to the USTA on Thursday and John McEnroe expressed interest in the job. Gorman, 47, was a member of the 1972 Davis Cup championship team and captained two American teams toAP; AFP - 194 words
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Article1366 1993-09-11 13 OL *>■ PfcaM GA929 1120 kMMt SQ228 2120 hmmm RJ187 0135 Amtartfaa GA891 1335 GA890 0001 KL837 1445 KL838 2310 SQ323 1555 SQ324 0105 Mtmn SQ347 1735 Aaddmd NZ21 1820 NZ22 1935 SQ288 2030 BaMain GF148 0905 I Sari Bafawaa B421 1105 SQ182 0915 SQI81 14101,366 words
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Article, Illustration770 1993-09-11 14 Dave Anderson - Julio Cesar Chavez, with an 87-0 record, faces his toughest test in Pernell Whitaker. Dave Anderson assesses his chances of being 'pound for pound, the world's best fighter' Dave Anderson NYT SAN ANTONIO During the negotiations for the Julio Cesar Chavez-Pemell Whitaker Tight, which might attractNYT - 770 words
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SHIPS IN PORT
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Article544 1993-09-11 14 Vessel Voy No Berth Arm* Departure Vessel Voy Ni Berth Arrival Jurats Port AS. 17/T Caraka laya Noga ET Onshore 7/8 Gm Santa Bartwa Star Furyu Sheraton 1 Sew Mega Tl» Ho N> 1 Ata* tjya Bntmsi Express Chn Limk Yur Glory S«raya/B Hety Batata Karane laya544 words
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Article1632 1993-09-11 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SNp Voy No Container* a»afable SMp \tey No Contaawrt itaiaWe irapata 6N 0909 93 0715 Anro Gowa 06N COD(EST) 10.09.93 0/00 Sky torn GE 09.09.93 0720 Harmony Coot HC306S COD(EST) *****3 1500 Pac1,632 words
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Page 14 Miscellaneous
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Miscellaneous474 1993-09-11 14 ACROSS 8 Unknown race of cats (4) 9 One does not like to say it (3) 10 Does not start the film again in Spain (6) 11 Most unusual modern exit (3-3) 12 Reviving Frenchman at the branch (8) 13 Certainly not gainfully employed (7,4,4) 15 Others pray following the474 words
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REGIONAL FOCUS
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Article, Illustration1485 1993-09-11 15 The Middle East Peace Accord NYT WASHINGTON The Middie East will never be the same. The mutual recognition a&eement between Israel and the Palestine Liberation Organisation on Thursday fundamentally alters both the political and psychological maps of the region. ItNYT; Reuter - 1,485 words
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475 1993-09-11 15 Challenge for leaders is to redirect political struggle to struggle for jobs IHT PARIS Middle East experts say the success of a Middle East peace agreement between Israel and the Palestine Liberation Organisation hinges on how fast the accord can be translated into tangibleIHT - 475 words
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809 1993-09-11 15 NYT AMMAN, Jordan Many of the 1.5 million Palestinians who live in the boxy concrete hovels that make up the refugee camps in and around Amman greeted the stunning news of an agreement between the Palestine Liberation Organisation andNYT - 809 words
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Page 15 Advertisements
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Advertisement652 1993-09-11 15 WING Ul HOLDINGS LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 18*3 1 The audited consolidated results for the year ended 30 June 1993 together with comparative figures for the corresponding period in 1992 are652 words
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Article, Illustration686 1993-09-11 16 AP, Reuter JERUSALEM Israel yesterday recognised the Palestine Liberation Organisation in a historic step towards Middle East peace but radical Palestinians said PLO leader Yasser Arafat had betrayed them and should be killed. In a ceremony here, Israel'sAP,; Reuter; AFP - 686 words
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492 1993-09-11 16 Reuter BEIJING China will reduce restrictions on direct investments by major international firms, seeking to draw more foreign capital and technology into the economy, officials were quoted yesterday as saying. "The government is set to give a larger share ofReuter - 492 words
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383 1993-09-11 16 Yong Pow Ang - By Yong Pow Ang SINGAPORE China's problems with leadership succession and an overheated economy are unlikely to derail its development, says a Hongkong academic. Edward Chen, director of the Centre for Asian Studies at the University of Hongkong, said China is383 words
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372 1993-09-11 16 Reuter BRIGHTON, England Britain's trade unions ended their annual conference yesterday with internal rifts and a row over links with the opposition Labour Party overshadowing the appointment of a new leader. John Monks, general secre-tary-elect of the umbrella Trades Union Congress (TUC), madeReuter - 372 words
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394 1993-09-11 16 AFP BRUSSELS The European Community is poised to approve harmonised regulations to protect small depositors against bank failures, despite the objections of Germany, diplomats said here yesterday. Diplomats said the measure was the only decision of substance expectedAFP - 394 words
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167 1993-09-11 16 AFP HONGKONG In a legal first for Hongkong, a local investor was given a suspended four-month jail sentence for manipulating the price of a share listed on the Hongkong Stock Exchange. Reginald Wong, who pleaded guilty in July, was also or-AFP - 167 words
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434 1993-09-11 16 Reuter MOSCOW Russia's Constitutional Court, whose chairman is embroiled in a row with President Boris Yeltsin over a country villa, ruled yesterday that the Kremlin leader had broken the constitution in a decree on privatisation. InterfaxReuter - 434 words
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396 1993-09-11 16 Reuter WASHINGTON US prices at the wholesale level plunged 0.6 per cent in August, the biggest decline in 2 l h years, led by a record drop in the cost of tobacco products, the government reported yesterday. The Labour DepartmentReuter - 396 words
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271 1993-09-11 16 Reuter BONN German Economics Minister Guenter Rexrodt said yesterday that he believed France was keen to resolve a row with Germany over farming that is blocking a world free trade deal. Speaking to journalists after talks with French Foreign Trade Minister GerardReuter - 271 words
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Page 16 Advertisements
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Advertisement14 1993-09-11 16 r, Keuter Agreement stirs up turbulence from the Nile to the Euphrates, Pg 1514 words
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Advertisement5 1993-09-11 16 (management) Monday in Business Times5 words
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Executive Lifestyle
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Article, Illustration1678 1993-09-11 17 Susan Tsang - Susan Tsang meets some Singapore executives who are modifying their careers to give themselves more personal time Susan Tsang THE JAPANESE have a word for it karoshi, or death from overwork. It was a phenomenon that gained alarming worldwide notoriety after numerous published accounts of how1,678 words
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STRAWS IN THE WIND
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Article70 1993-09-11 17 FEEL LIKE you're in a career rut? Maybe you should try stockbroking. You can't go wrong, even if you're lousy at it. According to the general manager of a securities firm, a bad remisier earns $15,000 a month, an average remisier earns 525,000, while a very70 words
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Article44 1993-09-11 17 A SCHOOL health exhibition organised last week featured a display of abnormal organ specimens to show the effects of an unhealthy lifestyle. At the same time, it also had a sandwich-making demonstration an unappetising choice after looking at diseased organs, we thought.44 words
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Article74 1993-09-11 17 ITS unfortunate enough that foreigners think Singapore is in China, but as of last week, more untruths were being reported in London newspaper. In a story about Michael Jackson and his romps with orang utans in Singapore, one report mentioned that "Ah Meng's portrait once appeared on a Singapore74 words
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OPINIONS
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Article, Illustration973 1993-09-11 18 Kevin Sullivan - Kevin Sullivan says economic health will determine the success or failure of South Africa's first democratically elected post-apartheid government Kevin Sullivan The writer is a journalist on BT's Foreign Desk THE WEEK was eventful in South Africa: a crucial political breakthrough was followed973 words
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Article, Illustration1073 1993-09-11 18 N J Nanporia - N J Nanporia reads between the lines of the latest Sino-Indian accord N J Nanporia The writer, formerly editor of The Times of India, contributed this commentary to BT THE LATEST Sino-Indian accord rcachcd during Indian Prime Minister Narasimha Rao's visit to Beijing earlier this1,073 words
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374 1993-09-11 18 L H Kwek - LETTERS TO THE EDITOR L H Kwek IT HAS BEEN three years since the problem of rapidly rising Certificate of Entitlement (COE) prices and, in consequence, vehicle prices first surfaced with the introduction of the vehicle quota system. Despite various suggestions from the public374 words
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132 1993-09-11 18 Yu Chun Ding - Yu Chun Ding Press Officer Monetary Authority of S'pore YOUR REPORT, "More foreign houses seek Singapore investment advisers 1 licences" (BT, Sep 6), stated "no licence is required for a (investment advisory) unit which taps only offshore funds." This is inaccurate and misleading, giving the132 words
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VIEWPOINT
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Article, Illustration2370 1993-09-11 19 Margaret Thomas - CONVERSATIONS AT RAFFLES MP and labour leader Yu-Foo Yee Shoon believes that women should stop talking and start acting to bring about the changes they want. She also tells Margaret Thomas why she entered the labour movement, and discusses its role today Margaret Thomas SHEPhoto by Arthur Lee - 2,370 words
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Article549 1993-09-11 19 WILL NOT the need for unions diminish as workers become ever better educated and employers more enlightened? Not at all, says Yu-Foo Yee Shoon. The unions may have to shift the focus of their activities, but there will always be a need for representation of549 words
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Article638 1993-09-11 19 SHE HAD studied economics at Nanyang University and her first job was with an accounting and management company. But Yu-Foo Yee Shoon soon decided that adding up numbers was not as satisfying as working with people, and in 1971 she moved to the National Trades Union Congress.638 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration53 1993-09-11 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, OCBC Securities, Ong Company, Peregrine, Phillip Securities, Smith New Court, Tat Lee Securities, and WI Carr.53 words
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Article320 1993-09-11 20 Alliance Securities Singapore Airlines. Is holding talks with an American company to form a joint venture in the leasing business in the Asia Pacific. We view SlA's entry into the business as timely, as many carriers are having problems financing their aircraft purchases and will continue to turn to320 words
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Article, Illustration163 1993-09-11 20 SG Warburg Group (Bangkok) In the next 10 days, the liquidity-driven SET will focus on trading in new issues, of which there will be about five before the end of September. The market has touched 1,000, an important psychological barrier, and there is a temptationSource: Bridge Info - 163 words
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Article, Illustration232 1993-09-11 20 Dennis See - Dennis See Managing Director Indosuez Asset Management (Singapore) Ltd Funds under Mr See's management, including the Gartmore Indosuez Fund (Asean), total approximately $200 million. 4 r I 1 HE Singapore I market will be .M. driven by two things liquidity, and the regionalisation of local companies. Initially,232 words
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Article, Illustration873 1993-09-11 20 Joyce Quek - Joyce Quek examines DBS Investment Research's September/October market strategy on which sectors will outperform the market in the next 12 months Joyce Quek LOOK to the following sectors banking (yet again), food and beverage, emerging technologies, aerospace, and petroleum for overweighting in your portfolio,873 words
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Article, Illustration829 1993-09-11 20 Lilian Ng - The regional stock market boom is putting a smile on fund managers' races as their funds appreciate in value. Lilian Ng reports Lilian Ng The writer is a freelance writer who writes regularly on investment matters FUND managers in Singapore are a happier lot these829 words
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Article, Illustration864 1993-09-11 20 NOTE I >31 j n for informal ion only Murupal and Ihn pub»ica<ion make no offer AM are in Stnfapore Julian Pjhi performance n M nevrssanK a *uide 10 future performance t'nees can go down IS well a* up (•>: No income available. Ofc Vvumulalion index, (ft No load fund864 words
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Article, Illustration983 1993-09-11 21 Teh Hooi Ling - Pentex-Schweizer has just reported a sharp jump in earnings. Is this an aberration or the start of a prolonged uptrend? Teh Hooi Ling examines the company's business prospects Teh Hooi Ling IT IS time for analysts to blow away the dust on Pentex-Schweizer Circuits' (PSCL) file.Source: Bloomberg; Source: INVESTAMATIC - 983 words
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Article, Illustration708 1993-09-11 21 Paul Leo - Paul Leo discovers that the sharp fall in the price of gold has not dampened optimism altogether Paul Leo THE sharp plunge in gold prices from a peak of U*****.55 to U*****.05 on Sep 8 has left analysts shaken. Most of them have turned cautious andSource: Bloomberg - 708 words
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Article625 1993-09-11 21 Soh Tiang Keng - A single insurance policy against death or disability, critical diseases and accidental death is now available, writes Soh Tiang Keng Soh Tiang Keng INSURANCE-CON-SCIOUS consumers can now take shelter under a single umbrella providing cover for death or disability, critical diseases and accidcntal death. This three-in-one625 words
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Article, Illustration638 1993-09-11 22 SUSAN TSANG - By SUSAN TSANG HAVING suffered through amateur productions of Shakespeare, most of us tend to think of the Bard's reputation as Much Ado About Nothing. Perhaps his comedies in particular are seen as a chore for the audience where characters work their way through silly misunderstandings638 words
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Article561 1993-09-11 22 SHAHIRON SAHARI; Nirmal Ghosh - CD Review By SHAHIRON SAHARI By Nirmal Ghosh TONY TONI TONE; Soas of Soal This trio is the nineties' answer to the with-it, bell-bottomed, afro-ed, decade called the seventies. But make no mistake, this is no dated, trapped-in-a-time-warp album but an impressive return to the better561 words
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Article, Illustration1044 1993-09-11 22 Nirmal Ghosh - Nirmal Ghosh experiences a peculiar sense of free-falling through the centuries when he > visits the ancient site of 4,000 pagodas Nirmal Ghosh I HAD a terrible time in Pagan. But I also had a very rewarding time. If that sounds complicated, think what I feltPhotos by Nirmal Ghosh - 1,044 words
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Article, Illustration355 1993-09-11 23 THERFs something to be said about old money and prize heirlooms. They are what most jewelry auctions are all about. Priceless pieces (well, mostly) that are proudly marketed as the property from the estale of, say, Wynne Maxon Willim. A name that's fairly familiar to a355 words
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Article, Illustration903 1993-09-11 23 CHUANG PECK MING - Btck Review By CHUANG PECK MING Stepping Oat The Making of Chinese Eatrepreaears By Chaa Kwok Baa aad Claire Chiang Preatke Hall 405 pages $29.95 THE EARLY Chinese migrants who came to Singapore had been eager to leave their homeland. Once here, many had jumped at the chance903 words
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HEALTH & FITNESS
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HEALTH Notes
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Article137 1993-09-11 24 Men's Health HAVING problems sleeping? Assuming you are doing most things right by giving up evening coffee, not drinking too much alcohol, avoiding exercise before bed and so forth, you may actually be having a hearing problem. The key to falling asleep, according to experts, isMen's Health - 137 words
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Article125 1993-09-11 24 NYT THE ROOTS of heart disease begins while a person is still in his or her 20s, a new study has found. From ages 15 to 34, heart vessels are progressively being clogged with fatty deposits that grow in size and potential danger, the study found.NYT - 125 words
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160 1993-09-11 24 Healthstyle Magazine THE MAIN problem with contact lens wearers is compliance, according to experts. Very often, they find themselves too tired at the end of a long day, to follow the proper course of lens care. And even with the advent ofHealthstyle Magazine - 160 words
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Article126 1993-09-11 24 Healthstyle Magazine GOT A problem with body odour? Here are some "scentsible" tips: Make it a point to have frequent baths, at least one each morning and night. Try to keep cool so you will not sweat so much. Keep away from synthetic fabrics butHealthstyle Magazine - 126 words
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Article, Illustration802 1993-09-11 24 Lawrence Kutner - Children who can delay gratification are likely to do better academically, writes Lawrence Kutner Lawrence Kutner NYT ADULTS live in a world of delayed gratification. Our paychecks come days or weeks after we've done the work. We put in many hours practising musical instruments orNYT - 802 words
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PEOPLE
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Article, Illustration251 1993-09-11 24 THE 1993 Singapore Retail Industry Conference held at the Orchard Hotel last month drew an audience of about 180 delegates from the region. The Minister of State for Finance and Communications Commodore Teo Chee Heafr delivered the keynote address on regionalisation and its impact on retailers. ThePhotos by Chris Loh - 251 words
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TIME OFF
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Article, Illustration584 1993-09-11 25 Shahiron Sahari - Shahiron Sahari gets a whiff of fresh air at the alfresco Cafe Flora Shahiron Sahari SOMEWHERE on the fringe of the busy Orchard Road area is an oasis for those who like to imagine they're on some Parisan sidewalk cafe or who just want to get awayPhoto by Arthur Lee - 584 words
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Article185 1993-09-11 25 Otvor! First the movie, now the play. Everyone's favourite orphan boy goes from rags to riches once again in this Gateway Theatrical Company of New York production. Till Sep 12, Bpm daily; 7pm on Sun at the KaJlang Theatre. Weekend matinees at 3pm. Tickets at $20, $40, $60, $80185 words
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Article140 1993-09-11 25 SSO Concert Lim Yau conducts the SSO in Tchaikovsky's March Slave Op 31, Piano Concerto No 1 in B Flat Minor Op 23 and Symphony No 6 in B Minor Op 74. With Zachary Kai Wu on the piano. Today. 8.15pm at the Victoria Concert Hall. Tickets at $4,140 words
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Article97 1993-09-11 25 The 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 contributing97 words
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Article, Illustration646 1993-09-11 25 Berlin Art Scene 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. Till Sep 15, 9am to 5.30pm daily646 words
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Article149 1993-09-11 25 Making Connections A look at video art, with an attempt to examine their state, form and aesthetic positioning. Presented as part of Art Of Tomorrow, Septfest. Last day tomorrow, 11am to 9pm at the Gallery. Admission is free. Psychedelic A performance by Nuradee, two Singaporean Malay brothers149 words
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Article113 1993-09-11 25 Audrey Tan - Compiled by Audrey Tan The Sentosa Music Festival Together with Rick ''"Heaven Knows" Price and Jimmy Barnes, Bon Jovi may hit town in this two-night fling Local band AWOL adds to the glitter. Oct 1 and 2 at Sentosa. Tickets (valid for both nights) at $75 and $120 are113 words
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EPICURE
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Article, Illustration739 1993-09-11 26 AUDREY TAN - a,., ,m Bon Appeut By AUDREY TAN FANCY a yabbie for lunch? Or how about a greenish, icky marron which we are assured is almost a prehistoric creature? With guest chef James Fein, Nutmegs' latest promotion will soon have you eating all manner of animals flown fresh fromPhoto by Chris Loh - 739 words
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607 1993-09-11 26 JAIME EE - By JAIME EE SINGAPOREANS have a way of sniffing out restaurants the moment they open, even when there are no advertisments. It's almost as if all a restaurateur has to do is throw a menu into the street and, like pigeons to breadcrumbs, massive607 words
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Article, Illustration726 1993-09-11 26 N K YONG - mm By N K YONG AN INVITATION to attend a tasting of the wines of Bouchard Pere et Fils provided a welcome opportunity to experience the quality of this House, one of the "Big Three" in Beaune. Mai son Bouchard Pere et Fils, or "BPF"726 words
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Article, Illustration1048 1993-09-11 28 Cop And A HaN. Burt Reynolds' disgruntled cop teams up with an eight-year-old cop wannabe, who tries (and fails) to do an Eddie Murphy. Yishun 10: 12.55; 2.55; 7.15; 9.15; 11.35. Dennis The Menoce. Not content with making Mr Wilson's life miserable, the happy blond tyke does unthinkable things1,048 words
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Page 17 Advertisements
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Advertisement234 1993-09-11 17 I €SCC IT Tw%oQ*m CtCTJFI W Wpi ymy(j| For once, moving in the right circles means setting a trend not following it. The new AudllOO needs no s and t0 ud reessuring badge. Just four "Y th« «am« for our innovative distinctive cirdee that symbolise rj 1 188 buyback scheme,234 words
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Page 18 Advertisements
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Advertisement224 1993-09-11 18 Doonesburv and Bristow are on Page 4 5, heard The Whisper? /j .Good Times! Tine Food! CV antan fi g EACH i firight Move< I Days filled with sun and The flourish and/talian |j\ WTiite sand. Swimming, Less than one hour from Kuala I fun. Watersports Tennis aromas of Borsalino.224 words
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Page 20 Advertisements
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Page 21 Advertisements
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Advertisement148 1993-09-11 21 —J U I 1" FXLA holder, 3 Are vou?" t^, ■Rta^a— *HM|i n, Practically anyone can now invest in foreign currencies. With just USSIO,OCX) you can open Bank of East Asia's Foreign Exchange Leverage Account (FXLA) which gives you access to the global currency markets at the touch of a148 words
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Page 22 Advertisements
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Advertisement374 1993-09-11 22 J MARK TIME Unique, distinctive, a classic in every sense of the wordThe Mao Zedong Pocket Watches in gold A silver. Products "M~V T i of fine craftsmanship thai are reminiscent of watches of the old. V I I I U These handsome pieces have been produced in conjunction II374 words
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Page 23 Advertisements
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Advertisement19 1993-09-11 23 I I :1 CENTRE STAGE Keep in step with the culture beat The Arts. Every Monday. j Business Times19 words
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Page 24 Advertisements
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Advertisement62 1993-09-11 24 .7 Chronograph with automatic movement. n ■Uli/Mir\ Steel and gold-plated case and bracelet, Steel and gold-plated case and bracelet, RAY M 0 N D LIL w s^'e Ct croun *"-V with shielded crown. Scratch-resistant sapphire cn stal. jj/v" Scratch-resistant sapphire crystal. GENEVE \Xater-resistant to SC metres. Water-resistant to SC metres.62 words
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Page 25 Advertisements
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Advertisement169 1993-09-11 25 mm MARIANI EXECUTIVE FURNITURE. Enhance your Productivity, Prestige and Performance. J Model ROTAR: Desk available with leather or granite top. Matching conference tables, bar unit, bookcases, wall units available. We invite you to inspect our wide range of Mariani Executive Office Furniture. The range includes Executive Desks, Armchairs, Conference Tables,169 words
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Page 26 Advertisements
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Advertisement196 1993-09-11 26 Is Small Business Endangered enterprise g] Everyone loves an entrepreneur these days but few care to pot I —/Xl /V their money where their month is. But other than suspicious I II 11 I Ily bankers, what other woes do budding businessmen face? And what is the state of enterprise196 words
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Advertisement20 1993-09-11 26 CASUAL,. COSY, RMJLY, and f rtefkdW| the karaoke «nd we just want hav» GREATEST RESERVATIONHOTUNE-*****36 time vou 10mm-6pm (Monday-Friday) 6<vuf*20 words
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Page 27 Advertisements
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Advertisement1244 1993-09-11 27 Nothing Beats A Bt id- H where to wine, dine and entertain or < £fre/ic/i £7oast Our French culinary "Adventure is a toast to the ,'o;< «,4 jfttt of French fare. And h 1/ thk month, h brings us to j| Bordeaux Perigord. > if- please call 7|4 6151. •/tyrnte1,244 words
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Page 28 Miscellaneous
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Miscellaneous2504 1993-09-11 28 TODAY'S TV IHHHTTTTTrarSIHHi a nuc car 10.00 Scooby Doc. over 10.30 Robotoch. 11.00 Spoodracor. Misterl Dari Gunung Merapi Travel Travel: New California, scientists 11.30 King Arthur Nit PenstMini Rumah Tua 3 30om lnm SBC 5 that they had a Knights w thc Cold War 12.00 NN News. Don McGowan visits2,504 words
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