The Business Times, 25 September 1993

Total Pages: 32
1 32 The Business Times
  • 15 1 Business Times MITA (P) 552/12/92 Weekend Edition, September 25-26 1993 WE KNOW ASIA 75 c
    15 words
  • 504 1  -  By Lilian Ang SINGAPORE City Developments Limited has bought the upmarket Palais Renaissance for Si 15 million, stepping up its presence in the Orchard Road hotel and retail belt. Sources say the deal was struck about two weeks ago with the Japan-based Yamasin group,
    504 words
  • 486 1 Two killed as power struggle draws first blood Reuter, UPI, AP. AFP MOSCOW President Boris Yeltsin ordered troops into Moscow after two people were killed in a failed night attack by gunmen on the Moscow command of the Commonwealth of Independent States
    Reuter,; UPI,; AP.; AFP  -  486 words
  • 360 1 Reuter BEIJING China's paramount leader Deng Xiaoping let fly yesterday with a thundering though 11-year-old warning that Beijing could take back Hongkong from Britain early if there were serious disturbances during the run-up to the 1997 transfer of sovereignty. His remarks
    Reuter  -  360 words
  • 357 1 SINGAPORE Three property auctions held in the past week have received poor response as a result of high prices set by the vendors. Only five of the 32 properties offered by Jones Lang Wootton. Colliers Jardine and Knight Frank Cheong Hock Chye Baillieu
    357 words
  • 220 1  -  By R Sivanithy SINGAPORE Regional share prices closed mixed yesterday in cautious trading as buyers waited on the sidelines for a clearer picture of the power struggle in Russia to emerge. London, in contrast, seemed to have found its feet yesterday after the jitters
    220 words
  • 35 1 UPI NEW YORK The Dow Jones Industrials Average, which slipped 7.27 points on Thursda), was down 4.75 points to 3535.00 at 11am yesterday. Volume was steady at about 85.5 million shares. LPI
    UPI  -  35 words
  • 2am LATEST
    • 58 1 Reuter WASHINGTON China, ignoring protests from the US and other countries, is moving ahead with plans to conduct its first nuclear test in a year, US officials said yesterday. "We believe that they arc proceeding with their plans for a test," State Department
      Reuter  -  58 words
    • 101 1 Reuter PARIS Trade unions representing Air France ground staff" yesterday threatened a general strike in the next few days to protest against plans to cut 4,000 jobs. Force Ouvriere, which represents about onethird of ground personnel, said it had adopted the principle of a general
      Reuter  -  101 words
    • 71 1 AFP MILAN Italian computer group Olivetti reported yesterday that it suffered a sharply higher pre-tax loss for the first half of the year, at 168.1 billion lire (SSI6B million), against 93.4 billion for the first half last year. Sales were up by 5.4 per
      AFP  -  71 words
  • Article, Illustration
    111 1 Stock market indices Frttay C hange sril 1.983 25 -11.78 K.LSE Composite 837.87 +7.54 Nikkei 20.307.53 +132.91 Hang Seng 7.525.05 -55.95 SET Index 979.58 -*.50 Jakarta Composite .421.04 -4.30 CLSA China B 1.022.95 -1.21 AustAllOrd 1.946.5 +17.9 FISE 100 3.005.2 +3.9 FrUi) Prerkom Ipm close Do* Jones 3.531.93
    111 words
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  • SINGAPORE NEWS
    • 553 2  -  Republic will hold its own against regional competition By Sylvia Wong THE Singapore tourism industry will continue to grow despite fiercer competition in the Asia-Pacific, says the executive director of the Singapore Tourist Promotion Board. Pek Hock Thiam. The reason is that Singapore
      553 words
    • 210 2 CITY Developments Limited celebrated its 30th anniversary last night with a dinner at the Orchard Hotel. Chua Kim Yeow. a director of City Developments, read a citation to patriarch Kwck Hong Png. CDL's founder. He said Mr Kwck came from a poor Fujian family. Arriving
      Photo by Arthur Lee  -  210 words
    • 225 2 THE Singapore International Chamber of Commerce (SICC) plans to set up a committee to serve members in the information technology business. AT&T's Philip Overmycr and British Telecom's John Poston have been appointed to define the objectives and functions of the committee.
      225 words
    • 183 2 SINGAPORE Airlines is not only a groat way to fly; it is also one of the safest. The national earricr. which has had an accident-free record since its formation in 1972. has been named one of the world's safest airlines by the
      183 words
  • Page 2 Advertisements
    • 847 2 I The StniitsTimes APPOINTMENTS lists more HIGH-TECH career advertisements. BUSINESS TIME'S TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTE* OF THE COMPANIES ACT CHAPTE*S9 AND PRIME WOODS PRIVATE LIMITED (la Members' Valuator? Liquidation) At ■General Muuing of Prime Woods Pnv«a> Limited duly convened and held at No. 1 Rowd»l<MW7. High
      847 words
    • 113 2 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF GN ENTERPRISES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap 50 that the Final Meeting of Members of the abovenamed Company will be held at
      113 words
    • 323 2 MTHE MATTER OF THE COMPANIES ACT, CHAPTER 90 AND MTHE MATTER OF CRYSTAL EARTH MARKETING PTE LTD 0N VOLUNTARY UQUDATIO* At an Extraordinary General Meewig of the members of Crystal Earth Marketing Pie Lid dtiy convened and held at 7500 A Beach Road #12-307, The Plaza, Singapore 0719 on 22
      323 words
    • 317 2 MTHE MATTER OFTHECOMPAMES ACT, CHAPTER 90 AND MTHE MATTER OF MIYAKO PEARLS A JEWELLERY PTE LTD (M VOLUNTARY UOUOATIO* At an Extraordinary General Meeengofthementoersof Miyafco Pearls A Jewelsry Pie Lid duly convened and held M 7500 A Beach Road §*****, The Plaza, Singapore 0719 on 22 September 1993, the blowing
      317 words

  • THE REGION
    • 396 3  -  From Al Labita in MANILA MANILA The Philippines and Indonesia will press for debt reduetion during the AsiaPacific Economic Conference (Apec) meeting in Seattle in November, an olTicial said yesterday. Trade and Industry Secretary Rizalino Navarro said the move was
      396 words
    • 409 3 Reuter MANILA Imelda Marcos, a once powerful Philippine first lady whose extravagance helped bring down a government, was convicted of corruption yesterday and sentenced to at least 18 years in jail. There was none of the 64-year-old former beauty queen's common flamboyance when she
      Reuter  -  409 words
    • ASIA NOTES
      • 86 3 AFP ISLAMABAD Pakistan has halted its nuclear programme and the United States will soon lift its embargo on aid to Islamabad, interim Prime Minister Moeen Qureshi said in an interview here yesterday. "Pakistan has already capped its nuclear programme." Mr Qureshi. 63. told a panel of
        AFP  -  86 words
      • 114 3 Reuter VIENNA North Korea's refusal to allow international inspections of its atomic plants has prompted the world's nuclear watchdog agency to put the issue formally on the agenda of its general conference in Vienna next week, agency sources said yesterday. "As no agreement
        Reuter  -  114 words
      • 85 3 AFP JAKARTA Indonesia will need an investment of U5546.31 billion (5574.10 billion) over the next 10 years to eope with a demand for electricity that will reach 18.800 MW. the Antara news agency said here yesterday. Antara quoted state-owned electricity firm (PLN) director Zuhal
        AFP  -  85 words
      • 70 3 Knight-Ridder MANILA The Philippines plans to ask the private sector to bid in April-June 1994 for the conversion contract for the mothballed Bataan nuclear power plant, official sources said yesterday. The conversion of the 620 MW Bataan plant into a 1400-1800 MW plant
        Knight-Ridder  -  70 words
      • 89 3 Reuter WASHINGTON The World Bank said on Thursday that it plans to establish an independent inspection panel to hear complaints about the tens of billions of dollars it lends to the developing world each year. The three-man panel will investigate complaints from outsiders
        Reuter  -  89 words
    • 311 3 Reuter TOKY O Japan must overhaul its scandal-ridden system of bidding lor public works contracts, the top government spokesman said yesterday. Chief Cabinet Secretary Masayoshi Takemura was speaking just days after prosecutors detained the president and two other senior executives of
      Reuter  -  311 words
    • 169 3 Bernama KUALA LUMPUR All the three Umno divisions which held their delegates' meetings yesterday nominated Finance Minister Anwar Ibrahim to contest the deputy president's post in the party's November elections. With this. Mr Anwar now has 118 nominations while Deputy Prime Minister Ghafar Baba
      Bernama  -  169 words
    • 291 3 Reuter BOMBAY A truckers' strike entered its ninth day yesterday. threatening to squeeze India's exports, which rose by 27 per cent in the four months to July, exporters said. "Exporters are already feeling the pinch. Export cargo is not at all moving." said Kishore Shah,
      Reuter  -  291 words
    • 394 3 MBT KUALA LUMPUR Tenaga Nasional Bhd (Tenaga) is expected to spend more than MS4 billion (552.49 billion) by the year 2000 on new 500 kilovolt (kV) transmission lines to supplement the current national grid. Chairman Tan Sri Ani Arope gave the
      MBT  -  394 words
  • Page 3 Advertisements
    • 201 3 MODERN CLASSICS AT INTELLIGENT PRICES. WE SALUTE THE 20TH CENTURY MASTERS. Every item is fully imported from Italy and guaranteed to be of highest quality material and workmanship. Prices quoted are subjected to attractive quantity discounts to interior designers, architects and specifiers. Le I'll!''!! ft|| Corbusier B 1 ufl 1887-1965
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  • OLYMPICS 2000
    • GOLD. SILVER & BRONZE
      • 96 4 Reuter HONGKONG The head of Hongkong's Olympie Committee yesterday accused Western nations of mounting an insidious campaign against China which sank Beijing's bid to host the 2000 Olympics. Raising a long-running conspiracy theory, Olympic Committee president Arnaldo de Oliveira Sales said the West was
        Reuter  -  96 words
      • 89 4 Reuter SYDNEY Australian republicans said yesterday that Britain's Queen Elizabeth should not be allowed to open the 2000 Olympic Games awarded to Sydney. The question of Australia's relations with its former colonial ruler, a source of constant controversy in the past year, arose within
        Reuter  -  89 words
      • 177 4 Reuter SYDNEY Sydney's hosting of the 2000 Olympics sets the stage for the first Green Games and would provide an environmental framework for future games which could even lead to healthier cities. Sydney's Olympic Village would be the most ecologically advanced urban development in
        Reuter  -  177 words
      • 56 4 Reuter MANCHESTER Warren Njic showing off his special haircut dn Thursday in Manchester as he was hoping to celebrate with the city should it win the bid to host the 2000 Olympics. Manchester officials were tearful at losing their bid but a new campaign for the
        Reuter  -  56 words
      • 91 4 Reuter BERLIN Hooded anarchists clashing with policc, fires set in department stores, shop windows destroyed by home-made bombs these were not images included in Berlin's official presentation for its bid to host the 2000 Olympics. But the myriad opponents to the city's bid nevertheless managed to
        Reuter  -  91 words
      • 106 4 Reuter ANKARA Turkey, in true Olympic spirit, said yesterday that its failed bid for the 2000 Games was a success in itself. "Turkey has achieved its purpose in Monaco. From now on, the world knows Turkey is there in such international competitions," a statement from Prime
        Reuter  -  106 words
      • 79 4 AFP TAIPEI Taiwan yesterday expressed regret that Beijing had failed to win the 2000 Olympics, despite the country's longstanding political dispute with China. "It is indeed regrettable," said Lee Ching-ping. deputy secretary-general of the Straits Exchange Foundation, a government-funded body handling civilian issues between Taiwan and
        AFP  -  79 words
    • 736 4  -  From Florence Chong in SYDNEY SYDNEY'S reaction to winning Olympics 2000 was one of jubilation. The Games arc expcctcd to bring a AS7.3 billion (SS7.57 billion) bonanza to Australia from now until the year 2000. Now, perhaps the pall of gloom that hangs over Australia
      Reuter  -  736 words
    • 409 4 Reuter SYDNEY Australian stocks soared and the local dollar jumped yesterday following Sydney's winning bid to stage the 2000 Olympics. The Australian stock market's all ordinaries index jumped to a high of 1,960.2 up 31.7 points or 1.6 per cent shortly after the
      Reuter  -  409 words
    • 221 4 •It is with a profound sense of joy that I welcome the (IOC) decision.' Tom Lantos, a California Democrat, the sponsor of a House resolution last July urging the US representative on the committee to vote against Beijing 'It's a bit of a roller coaster ride. We're obviously disappointed but
      221 words
    • 306 4 Reuter HONGKONG Hongkong's stock market, expecting an Olympic windfall, suffered minor heart palpitations yesterday after Sydney beat Beijing to host the 2000 Olympics Games, but it will quickly recover and resume its upward march, analysts forecast. The blue-chip Hang Seng Index plunged 158.35
      Reuter  -  306 words
    • 724 4 Reuter UPI NYT BEIJING Losing its highprofile bid for the 2000 Olympics is a political embarrassment for China but also an economic blessing, economists said yesterday. Unlike the other contending cities. China's booming economy badly needs cooling, not stimulating. To the bitter
      Reuter; UPI; NYT  -  724 words

  • COMPANIES & MARKETS
    • 565 5  -  From Leslie Lopez in KUALA LUMPUR MALAYSIA'S financially troubled Pan Global Equities Sdn Bhd is set to turn into a major resource-based company with its takeover by concerns linked to two of the wealthiest timber tycoons from the Sarawak state. Pan Global
      565 words
    • 512 5  -  By Ven Sreenivasan SINGAPORE The strike price in the tender for shares in Hwa Tat Lee was established yesterday at 51.02. a hefty 70 per cent premium over the minimum tender price of 60 cents. HTL managing director Phua Yong Tat declared he
      Photo by Arthur Lee  -  512 words
    • 434 5 Bernama KUALA LUMPUR A businessman was fined MSW.OOO (5556.000) yesterday for shortselling 10.000 Union Paper Holdings Berhad (UPHB) shares. Mustapha Ibrahim. 53. a director of a tobacco distribution company, pleaded guilty to selling the 10.000 shares without having exercisable and conditional right to
      Bernama  -  434 words
    • 308 5 SINGAPORE Singapore Petroleum Company (SPC) yesterday reported a 70 per cent increase in group net earnings to $24.5 million for the six months to June 30. This was achieved on a turnover of $910 million, which was 40 per cent higher than the same period
      308 words
    • Article, Illustration
      365 5 Source: Bridge Info Performance of STII's Index stocks Sep 24 l.ast Smk Ia4e\ Stork sale t h«e (actor wncn (S) (S) S \%mio I 870 -0 050 1.34 6 01 C&l 7 300 5.23 Ccrebo> 5 900 -0.050 4 21 6.02 FAN 14 400 -0.300 10.31 36 14 OF
      Source: Bridge Info  -  365 words
    • 842 5  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE August must have been a great month for Singapore Automotive Engineering Ltd (SAE). First, the listed company, which is a member of the Singapore Technologies Group, was told it would be admitted to the Central
      842 words
    • COMPANIES
      • COMPANY BRIEFS
        • 74 6 SINGAPORE ANA Hotels Singapore doubled net earnings in the first six months of the year to $1.7 million. The result was achieved on turnover of $17.8 million, or 3.5 per cent more than in the same period last year. The company paid no tax in the
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        • 71 6 Bernama KUALA LUMPUR Property-based Landmarks has reported group pre-tax profit of M 525.58 million for the half-year to June 30. compared with M 524.34 million in first-half 1992. Turnover rose 9.6 per cent to M 575.17 million from M 568.58 million previously. Landmarks said that it
          Bernama  -  71 words
        • 72 6 AFP JAKARTA Indonesia's Citra Lamtoro Gung will build a 47-km toll road in Manila in cooperation with the Philippine National Construction Corp. Citra, owned by Siti Hardiyanti Rukmana, the eldest daughter of President Suharto, has 40 per cent of the equity in the U*****.1
          AFP  -  72 words
        • 51 6 Bloomberg Business News BANGKOK Westinghouse Electric Corp will be awarded a US$lBO-million contract by the Thai Air Force for a radar system, defeating a bid by Hughes Aircraft Corp. Air Force Commander-in-Chief Gun Pimarnthip says the award will be finalised by Oct 1. Bloomberg Business
          Bloomberg Business News  -  51 words
        • 80 6 Bloomberg Business News HOLLYWOOD A Florida jury yesterday ordered the DuPont Co to pay US$3.O4 million to two Florida orchid growers who claimed the company's Bcnlate fungicide wiped out more than 70,000 of their plants. DuPont said it was "keenly disappointed" and would appeal. "Opportunistic
          Bloomberg Business News  -  80 words
      • 66 6 IN OUR report "Liang Court to raise $28.2 million through placement", published on Sep 22, we said the company's placement exercise was subject to the approval of shareholders and the Stock Exchange of Singapore. It has since been pointed out that shareholders' approval for the exercise was
        66 words
      • 441 6 kumvwi prtcM Sep 25 27 Insurance Fund n_u Income Bond Policy 3.62 3.76 sHlgiport Iffln I rvsT The Commerce 1.49 1.56 Pl JOtlltlll The Savings Fund 1.39 1.46 PruLink Mgd Fund 1.24 1.30 S pore Prog Fund 0.62 0.65xd MADA Spore Sec Fund 0.92 0.97 WrwW-WWBPUuI S pore Invest Fund
        441 words
      • 355 6  -  By Soh Tiang Keng SINGAPORE RMCA Reinsurance, which was badly bit by claims arising from major storms and hurricanes during the past few years, yesterday announced a further net loss of $10.3 million for the year ended June 30, 1993. However,
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      • 303 6 Reuter JAKARTA Foreigners have bought heavily into Indonesia's PT Astra International, sparking a dispute between the Jakarta and Surabaya stock exchanges, Jakarta exchange officials and dealers said. The oflicials said a total of 25.05 million shares in Astra, Indonesia's largest conglomerate in terms of
        Reuter  -  303 words
      • 345 6  -  By Paul Leo SINGAPORE Buy Japanese retail stocks and US manufacturing stocks. Lehman Brothers chief economist and managing director Robert Barbera gave this advice yesterday during a lunch talk at the Compass Rose in the Westin hotel. Giving the reasons for his
        345 words
      • 173 6 Bernama KUALA LUMPUR Mekar Idaman Sdn Bhd has been given the concession for the privatisation of the Penang Bridge. Bumiputra Merchant Bankers Bhd (BMBB), said yesterday on behalf of Mekar Idaman that the company had received a letter of intent from the
        Bernama  -  173 words
      • 145 6 Reuter NEW YORK Merck and Co chairman Roy Vagelos said US President Bill Clinton's health care plan, if enacted, will squeeze drug industry profits and slow investment in pharmaceutical research and development. In an interview with Reuters, Mr Vagelos said
        Reuter  -  145 words
      • 319 6 Reuter DUBLIN Debt-cripplcd GPA Group Pic, the world's biggest aircraft-leasing company, scaled a rescue packagc with US industrial giant General Electric on Thursday requiring a US$7.7 billion (5512.24 billion) cut in its order book. The Shannon-based company, outlining the final
        Reuter  -  319 words
      • 410 6 NST KUALA LUMPUR Talam Corporation Bhd is poised to expand into the financial sector with its proposed acquisition of a substantial stake in Petra Financc Bhd. It is believed to be in the final stage of negotiations with Permodalan Negri Selangor Bhd (PNSB), a
        NST  -  410 words
      • 347 6 SINGAPORE The squeeze on Carnaudmetalbox Asia's profit margins is expected to continue over the next two to three years due to the oversupply of cans in the regional market. CMB Asia chief executive John Carmichael said in a meeting with
        347 words
      • 276 6 SINGAPORE Scsdaq-listed Tonhow Industries has proposed a 3-for-2 rights issue to raise $6.6 million to reduce the group's debts and finance its expansion. The exercise will raise the company's issued share capital from $4.4 million comprising 8.8 million shares, to $11 million comprising 22 million
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      • 993 6 Payment Ex Books Pay date dose date Aetna I 7.5 Sep 22 Oct 4 Oct 18 Alex Hides 50* b 6 Aug 31 Sep 6 Sep 28 AMDB SO* b 3 Sep 14 Sep 28 Oct 27 BMTSIO(IOO) F 100 Nov 11 Nov 23 Nov 25 Bolton b 5 Sep
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    • FINANCE & COMMODITIES
      • 355 7  -  By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange will start trading in two deferred spot currency instruments the US dollar/Japanese yen contract and the US dollar/German-mark contract on Nov 1. On the day of the launch, the contracts,
        355 words
      • 503 7  -  By S N Vasuki SINGAPORE The competing demands for scarce international capital will make it more difficult for Asean countries to finance their energy projects, DBS Bank said in a report on the region's oil and gas industry. And as
        503 words
      • 378 7 DBS Weekly Currency Review USS/DM: Trade the range The crisis in Russia pushed the USS/DM from the week's low of 1.6013 on Tuesday to a high of 1.6480 by Thursday. Despite this bullishness, the upside is likely to be limited in the coming week as the
        378 words
      • 180 7 AFP PARIS Major French bank Credit Lyonnais announced on Thursday that it had slumped far into the red in the year's first half with a group-share consolidated net loss of 1.04 billion francs (***** million). That compares with a profit of 119 million francs for
        AFP  -  180 words
      • 146 7 Reuter NEW YORK Hans Tietmeycr. who will take over as Bundesbank president on Oet I. will disappoint those looking for more conciliatory policy regarding Europe, according to an article in Business ll'eek's October 4 issue. "If there is a conflict between Germany's domestic
        Reuter  -  146 words
      • 369 7 Bloomberg ENERGY REPORT LONDON Oil prices rose yesterday as Opec oil ministers prepared to begin discussions in Geneva today on fourth quarter production, brokers here said. Traders for the most part, were intent on balancing their open positions ahead
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      • 75 7 AS the uncertainties in Russia persisted, the USS moved up against most European currencies overnight. The MS suffered overnight in New York as USS buyers brought the USS/MS to a high of 2.5600. The USS, however, opened in Kuala Lumpur at a more subdued level
        75 words
      • 244 7 UPI LONDON The dollar ended a week of strong gains yesterday still supported by the power tussle in Russia but dipped ofT its session highs when some dealers squared their positions. Analysts said that the uncertainty of the situation in Russia, where President Boris Yeltsin appeared to be emerging
        UPI  -  244 words
      • 122 7 AFP NEW YORK The dollar opened higher against major European currencies but slipped against the yen in slow trading early yesterday, with investors keeping a careful eye on events in Russia. At 9:20 am, the dollar traded at 1.6480 German marks up from 1.6430 on Thursday. Against the
        AFP  -  122 words
      • Article, Illustration
        1564 7 Irihlf-Miifhutl /HeA-v cak uluhil atuinu S'pmr'\ top 14 iruJnni fkirnun Huh- )w. I9H< forward rates Noon Sep 24 ss Bid Offer I-month I 5<MO 1.5955 :-momh I 5«MO ***** J-mowh I.59M I 595J (wiHwMh ***** 1.5950 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m on Sip 24 Singapore dollars
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    • COMMODITIES & FUTURES
      • 1528 8 SIMEX REPORT Reuter SINGAPORE Interest rate futures ended thinly traded on Simex yesterday with the absence of fresh factors and the approach of the weekend keeping traders sidelined. Dealers said the market's initial fears about further turmoil in Russia appears to have subsided and the focus
        Reuter  -  1,528 words
      • 596 8 COMMODITY REPORTS Tin TIN continued to rally from its recent historic lows on further covering interest and ended higher yesterday aided by sharp gains on the LME overnight, traders said. The metal was last quoted at MSI 1.11 a kg. up 26 sen from its
        596 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 139 8 TOKYO Japan's production of rolled copper products and copper alloys totaled a preliminary 85.560 tonnes in August, up 4.3 per cent from actual production a year before, according to figures released yesterday by the Japan Brass Makers Association. The August increase marked the sixth straight
          139 words
        • 57 8 TAIPEI Taiwan's imports of steel scrap are expected to slow down because of rising international prices for steel scrap and weak domestic prices for finished products, traders here said. Profit margins for Taiwan producers are being squeezed as the price gap widens, so traders
          57 words
        • 90 8 SEOUL South Korea's Agriculture. Forestry and Fisheries Ministry has predicted this year's rice output will amount to about 4.80 to 4.95 million tonnes, making it the worst harvest in the country in 13 years, local papers said yesterday. An unseasonably cool and wet summer
          90 words
        • 68 8 TOKYO Indonesian national oil company Pertamina has allocated its term customers about 3.8 million barrels of low-sulphur waxy residue for October, traders said. They said the allocations were slightly larger than expected. However, the growth rate would be slower than the rate of 3.8 per cent
          68 words
      • 1754 8 Rubber sc P 24 HAS Commodity Exchange (futures closing as at 1pm) HAS (physical prices) RSS1 Contract (S ccnts/kg) Buyers Sellers Close Volume Open 12 noon Monih High Low Sett (tonnes) Interest ,< < nv (Xt 93 OOO 000 124 50 0 875 RSS 3 Oct >>3 123.00
        1,754 words
    • REGIONAL STOCK MARKETS
      • 1188 9 17.9 Development and construction stocks led the Australian share market to a higher close after the announcement that Sydney will host the 2000 Olympic Games. "There was a lot of enthusiasm centred on stocks that will be the immediate beneficiaries from the Olympics and that flowed on to the
        1,188 words
      • 500 9 15.32 Philippine share prices closed higher as the market regained its momentum, buoyed by strong buying in most blue chips, brokers said. Manila ended at 1.953.52 points against Thursday's 1.938.20 while Makati rose to 2.009.26 from 1.994.12. PLDT climbed 10 pesos to 1.350 while SMC B shares rose five
        500 words
      • 590 9 1.73 Taiwan share prices finished mixed in sluggish trade after a late wave of bargain-hunting lifted the index off early lows. The weighted index fell some 31 points in early trade but ended 1.73 points up at 3.881.72 while turnover shrank to NTS 11.97 billion from Thursday's NTS 16.56
        590 words
      • 376 9 -1.29 The stock market closed slightly lower after institutional selling and some profit-taking cancelled out an early three-point gain, brokers said. The composite stock index shed 1.29 points to 702.20. Brokers said the market advanced in the early morning in anticipation of government steps to cushion the shock of
        376 words
      • 260 9 +4.66 A little euphoria from Sydney's successful bid for the 2000 Olympics rubbed off on to New Zealand stocks, but profit-takers had taken the shine off trade by the close. The NZSE-40 capital index ended 4.66 points higher at 1.932.17 after going as high as 1.940.36. But there
        260 words
      • 59 9 -36.38 Bombay stocks lost their early gains arid closed lower on fears that the carry forward costs may be higher at around 3.5 per cent per month, brokers said. The Bombay Stock Exchange index closed at a provisional 2.722.77. down 36.38 points. The 100-share national index closed at a
        59 words
    • WORLD STOCK MARKETS
      • 844 9 +3.9 Shares ended with a small gain on the FTSE 100 index yesterday but traders said no clear trend was apparent in thin turnover on what one trader described as "one of the quietest days in a long time." The FTSE closed up 3.9 at 3,005.2, holding on to
        844 words
      • 124 9 35.07 French stock prices rose strongly on investors' hopes of lower French interest rates, traders said. They were also boosted by renewed buying interest sparked by the fact it was the first day of the October account, they said. The CAC-40 index of French blue chip stocks climbed 35.07
        124 words
      • 101 9 -3.27 Swedish shares closed lower as investors locked in recent gains, traders said. The blue-chip OMX index has risen 1.5 per cent since Monday. Volvo and Ericsson were two of the eleven gainers in the 30- share OMX index yesterday, offsetting some of the declines in the index, which
        101 words
      • 196 9 -I.6pc Investors and traders squared positions in German shares ahead of the weekend, fearing that the situation in Russia could escalate into armed conflict which could then wipe out as much as a quarter of share values. But despite the uncer- tainty, most traders felt optimistic that the tension
        196 words
      • 144 9 -2.87 Belgian stocks declined amid worse-than-expected earnings from holding company Societe Generale and the money it received from selling a stake in cement group CBR, traders said. The Bel-20 index dropped 2.87 points to 1,273.73 after 265,000 shares changed hands. Declining stocks outstripped advancers 13- to-6, with one unchanged.
        144 words
      • 846 9 Milan Sep 24 lire «W -IM touugi *5 f"ul MtM -113 (Kftcnali WV5 -»l IfiPm 15 V* -*74 MMMM "»77| -IN I MM -AO Mjgncti **0 until Mjgncti Ki>p JW>5 10 McdiotviiKa 154*7 -l-H MimicJwn 751 6 I4H -M (MltilO Pm Ift# -I* PKtrd I Mil Mi t.. «>*> -*i
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      • 223 9 -0.6 Dutch stocks closed mixed to slightly lower in thin trading as the market seemed unsettled over events in Russia, traders said. Trading in a number of individual stocks, including electronics giant Philips. airline KLM and oil giant Royal Dutch, was described as active. The EOE index of the
        223 words
      • 288 9 +26 Industrial shares posted steady closing gains ahead of African National Congress leader Nelson Mandela's expected call for the lifting of non-military sanctions at the United Nations later in the day. The gold index finished four points down at 1.598. the industrial index added 26 points to 4.365 and
        288 words
      • 266 9 15.92 On Thursday, stocks closed higher as steadily gaining gold stocks overcame losses in communications and real estate issues, dealers said. However, traders said angst over interest rates and the Canadian dollar left the market cautious. The TSE 300 composite closed 15.92 points higher to 3,970.86 on turnover of
        266 words
      • 916 9 -7.82 Wall Street stocks were mixed in nervous trading yesterday after President Boris Yeltsin ordered the disarming of guards at the Russian parliament, a move that raised fears of more tension in Moscow over the weekend. The Dow Jones industrial average was down 7.82 points to 3.531.93 at
        916 words
    • Article, Illustration
      2896 10 Reuter HONGKONG Share prices ended lower yesterday on disappointment over Beijing's failed Olympics bid but bargain hunters helped trim steep early losses, brokers said. The blue chip Hang Seng Index lost 55.95 points to close at 7,525.05 after plunging over 150 points to a low of 7,422.65 early in
      Reuter; Source: Bridge Info  -  2,896 words
    • Article, Illustration
      534 10 THE Olympic decision had little effect on the China stock market yesterday. The CLSA Shanghai B Index closed up 1.46 points to 787.67. Trading was slightly more active than as seen over the week. Chlor Alkali was the most active stock, closing unchanged. On the A market, two new
      534 words
    • Article, Illustration
      2535 10 Reuter TOKYO Stocks ended firmer yesterday, on the rebound from Wednesday's declines, but off the day's high in slow trade, brokers said. Major investors were reluctant to take large positions ahead of the weekend, and because yesterday was the last trading day for September delivery, they said. "The market
      Reuter; Source: Bridge Info  -  2,535 words
    • Article, Illustration
      1775 10 Reuter BANGKOK Stocks dropped sharply in afternoon trade yesterday as talk spread among local investors that violence had broken out in Russia, but buying in the last minutes edged the index up from the day's low, brokers said. The SET finished at 979.58. down 6.50 points on moderate turnover
      Reuter; Source: Bridge Info  -  1,775 words
    • Article, Illustration
      1092 10 Reuter JAKARTA Stocks finished a weak half-day session lower yesterday after profit-taking depressed overall market sentiment, brokers said. The official index closed 4.30 points lower to 421.04. "There are presently no fresh factors to hang on in an overbought market. Profit-taking and shifting to the upcoming new issues dominated
      Reuter; Source: Bridge Info  -  1,092 words
    • 2712 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Idris H\d SOC 27.J57.000 Ind Oxsgcn MX. .24.113.000 Metr»pkr» 50c 16.841 000 l.anda Hkfe 13.810.000 Ind Oxygen Wt 8 088.000 Multi-Purpose 7.973.000 Riming Bhd 50c 6.084 000 Faber Group 5.93: 000 MBf Hldgs 50c 5.908.000 FA( B 50c 5.684.000
      Source: Bridge Info  -  2,712 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5647 11 Bernama KUALA LUMPUR Share prices here closed narrowly mixed yesterday after preweekcnd selling in the afternoon trimmed gains made on the rebound from the heavy scll-ofF on Wednesday. Sentiment was also affected by restrictions imposed on retail players by some brokers to reduce
        Bernama; Source: Bridge Info  -  5,647 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1019 12  -  By R Sivanithy SINGAPORE The stock market turned cautious yesterday ahead of the weekend but Malaysian counters maintained its grip on speculator interest. Tired dealers, labouring under the strain of having to work longer hours, said investors were generally cautious at the close
        1,019 words
      • Article, Illustration
        202 12  -  Paul Leo HTP Holdings edged above resistanee at Si.lB to closc at its high of 51.20 yesterday. It will trade towards 1.30 in the next few days as daily MACD has given a buy signal. After reaching 51.30 it is likely to correct downwards. Weekly RSI is above
        SOURCE: BRIDGE INFO; Source: Bridge Info  -  202 words
      • 6918 12 I MAIN BOARD U Or 1993 IjiM Vol Da> Lnt Onk On Dh VM Nd M Cap tilth Low Company Sale (3)00) High lo- Bayer Seller IV S Vlf. faml INDUSTRIAL AND COMMERCIAL 1350 260 Ac ma 1020 *d -10 217 1050 1010 1020 1030 12 5 2.1 1.2 44.2
        6,918 words
  • Page 5 Advertisements
    • 395 5 dire) SINGAPORE PETROLEUM COMPANY LIMITED (Incorporated in the Republic of Singapore) HALF YEAR UNAUDITED PROFIT ANNOUNCEMENT The Directors are pleased to announce the following unaudited results of the Group and the Company for the six months ended 30 June 1993: ($000s) THE CROUP THE COMPANY 1993 1992 1993 1992 Turnover
      395 words

  • Page 6 Advertisements
    • 170 6 Wr OVERSEAS? You can get newspapers magazines distributed by SPH from any of the following newspaper agents: Brunei: Current Newspaper Agency Tel *****9: Fax *****43 fw East Newspaper Service Tel: *****2; Fax *****02 Hai Bin Book Store Tel: *****9; Fax *****96 Seria Book Store Tel: *****0; Fax *****88 Indonesia: Hma
      170 words


  • Page 8 Advertisements
    • 28 8 "I deal in cameras. And I know whereto get good exposure." T £004 e V 0r 0 "a'. Phou^ranhJ VHS I Call today for results tomorrow. CA.T.S. 737-1166
      28 words
    • 34 8 As and when the latest London/ Rotterdam prices are not available, the pretious trading day's closing figures are carried instead Make new"business contacts through classification 203 in The ji Straits Times Classified. c.a.t.s. 737-1166
      34 words

  • Page 9 Advertisements

  • Page 10 Advertisements
    • 29 10 Estabt.s»>«d Since 1919 ANTIQUE ESTATE Shongri La hotel Stockist ef G.I A. Canted Diamonds Tel: 732 5689 (Laser Numbered) Sm& md 2 carat above Manufacturing jewellers since 1919 ROLEX
      29 words

  • Page 11 Advertisements
    • 29 11 Gunning for the home market COMPAQ Asia is out to capture the hearts, minds and wallets of home personal computer buyers. What are the reactions of local PC makers?
      29 words

  • Page 12 Advertisements
    • 27 12 EstaW.shW sine* 1919 ANTIQUE A ESTATE WATCHES ShangriLa hotel S*ximre/GJA. Certified Diamonds Tel" 732 5689 (Laser Numbered) Strut wtd 2 carat above Manufacturing jewellers since 1919 ROLEX
      27 words

  • SPORTS
    • 564 13 Ryder Cup Golf AFP SUTTON COLDFIELD, England Europe and the United States were neck and neck after the opening foursomes in the fog-delayed 30th Ryder Cup at the Belfry here yesterday. Twice Europe, who lost the prestigious trophy at Kiawah Island two years
      AFP; Reuter  -  564 words
    • 363 13  -  ROLEX By By Shahiron Sahari ROYAL JOHORE kept the Rolex Gold Cup series alive when it defeated Singapore Rolex Gold 6-3 at the Singapore Polo Club yesterday. Having been edged out 4-5 in the first match, the visitors raised their game a
      Picture by Arthur Lee  -  363 words
    • SPORT SHORTS
      • Article, Illustration
        33 13 Reuter NEW YORK American League Thursday: Oakland 2 Kansas I; Chicago 7 California 1; Toronto 5 Boston I. National: Cincinnati II LA 2; Atlanta 6 Montreal 3; SF 7 Houston 0. Reuter
        Reuter  -  33 words
      • Article, Illustration
        205 13 Reuter LONDON Garry Kasparov leads the London 24-game world title match by 6-2 after he and his British challenger Nigel Short drew their eighth game on Thursday. Experts were full of superlatives for both players, calling it one of the most exciting games in memory. Short. 28, launched an
        Reuter  -  205 words
      • Article, Illustration
        107 13 Reuter Reuter SAN DIEGO, California Kyocera Inamori Classic women's tournament Ist rd leaders Thursday (US unless stated): 66 Kris Monaghan. Donna Andrews 67 Gail Graham (Can), Tina Barrett 68 Laura Davies (Brit), Helen Alfredsson (Swe) 69 Patty Sheehan, Joan Pitcock, Deborah McHafTie. Missie McGeorge, Meg Mallon. Michelle Mackall, Juli
        Reuter  -  107 words
      • Article, Illustration
        103 13 Reuter Reuter JOHANNESBURG Women's World Open quarter-finals Thursday (prefix denotes seeding): 6-Mar-tine le Moignan (Eng) b 4-Suzanne Homer (Eng) 9-0 5-9 9-7 10-8; 12Sabinc Schoenc (Ger) b 3-Cassie Jackman (Eng) 8-9 1-9 9-1 10-8 9-6; 1-Michelle Martin (Aust) b 7Sarah Fitzgerald (Aust) 9-7 9-4 9-3; 2-Liz Irving (Aust) b
        Reuter  -  103 words
      • Article, Illustration
        38 13 Reuter TOKYO Nichirei tournament 2nd rd Thursday: Kimiko Date (Jpn) b Wang Shi Ting (Tai) 6-4 6-2; Marianne Werdel (US) b Gabriela Sabatini (Arg) 6-3 3-6 7-5; Lindsay Davenport (US) b Ai Sugiyama (Jpn) 2-6 6-1 6-2.
        Reuter  -  38 words
      • Article, Illustration
        77 13 AP SAN DIEGO Defending America's Cup skipper Bill Koch said on Thursday he has no plans to enter the 1995 regatta and dropped his proposal to back an all-woman sailing team. Koch, who heads the America 3 Foundation, had planned to announce his support of a women's crew in
        AP  -  77 words
    • PUTTING SHORTS
      • 130 13 THE 30TH RYDER CUP set one record even before it started. At the cvc-of-tournamcnt opening ceremony six national anthems were played. Back before the rest of Europe joined Britain and Ireland as opponents for the United States in 1979, only two were played. This time, the
        130 words
      • 148 13 A BRITISH GAMBLER who is renowned for making bets on outsiders is aiming to make a fortune on a big American victory at the Ryder Cup. The man, who has not been named by bookmakers Ladbrokes, placcd a £1,000 (552.390) bet at odds of 66-1 on the Americans
        148 words
      • 33 13 THIS YEAR'S tournament has been a sellout for the past month, organisers say. About 30,000 fans were expected for each of the three days' competition with entrance tickets costing £35 (SSB4).
        33 words
      • 71 13 MUCH HAS BEEN MADE of the verbal jousting that goes on between teams at the Ryder Cup, some of it creating an atmosphere of near hostility. Ray Floyd, who this year becomes the oldest golfer to play in the Cup, sees no need for it. "I've been
        71 words
      • 78 13 AP BEFORE PLAY STARTED. US captain Tom Watson had to take time out to apologise to European captain Bernard Gallacher and Sam Torrance for declining to autograph a programme at a banquet on Wednesday night. The request had been made by Torrance. "He was embarrassed." Gallacher
        AP  -  78 words
    • 421 13 Reuter CHANDIGARH, India Australia's tennis players joined in the celebrations of their country's successful Olympic bid by virtually booking a place in the Davis Cup final yesterday. Australia won both opening singles to take a 2-0 lead over India in their World Group
      Reuter  -  421 words
    • 738 14  -  George Vecsey on why the International Olympic Committee delegates voted as they did George Vecsey NYT CHINA is not going anywhere. There it sits, one fifth of the world's population, hurtling towards the next century, the next millennium, when it will surely be
      NYT; Reuter  -  738 words
  • 1721 13 co> fi.jm ct* Dijw rro cm ngw rr* rugw rn> Abw PtaW GA929 1120 FmIuwU SQ989 1645 SQ990 QUO Adelaide SQ228 2120 Qmmm SR183 2105 *«W|| RJ187 0135 8—W*m CA978 0930 Amsterdam GA891 1335 GA890 0001 Haadyai MI893 1810 TG408 0910 KL837 1445 KL838 2310 MI894
    1,721 words
  • Page 13 Advertisements
    • 70 13 Get your copy of Singapore's very first fortnightly golf newspaper now I Focus: Golf and the Lifestyle of golfers Investments Men's Club Circuit Ladies' Club Circuit National Scene International Scene *Johor *Batam Profiles *Tips Course Management Humour* Tours Fitness Entertainment *Cars* Sound Systems Available at aN Golf Country Clubs, Social
      70 words

  • SHIPS IN PORT
    • 629 14 Vessel Voy No Berth Arrival Departure Ve»el Voy No Berth Arrival Departure Jurong Port S«e«longl 46/93 P03 alongside 24 09,1700 Hong Jup 9383N 12 alongside 2509/0300 Transfculk 16.93 P10 along-ade 2509 0600 Junior 130 J5 alongside 25 09,1200 Aorit Gl 2tt 93 P096 2409 1430 2409, 2200
      629 words
    • 2067 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers avaia bie Ship Voy No Containers avaiabte Mayview Ms 9308 *****3 0740 C1 Sun SB347 COOtEST) *****3 500 P Buchanan 078W *****3 0815 E Valor 0-107E COO(EST) *****3 500 Sea Glory SGY30S *****3 0900 Indo Eip 1
      2,067 words
  • Page 14 Miscellaneous
    • 484 14 CRYPTIC CROSSWORD I 1 Sailor has room on the table maybe for this (4-6) M B W I I f 9 Sort of error made by a ma--10 In the grotto, palest stone 13 Bogey-man (7) 15 Miserable specimen to beat 15 I I I I j I with a
      484 words

  • THE WORLD
    • 523 15 Bloomberg Business News WASHINGTON European central banks should cut interest rates further to help stimulate their moribund economies, XJS Treasury Secretary Lloyd Bentsen said yesterday. His comments came as he ttepares to meet today other finance ministers and central inkers in the
      Bloomberg Business News  -  523 words
    • 267 15 Reuter BRUGES, Belgium Workers will have to take an effective cut in the value of their wages if the European Community is to create new jobs, EC employment ministers agreed on Thursday. "It came across loud and clear ministers were
      Reuter  -  267 words
    • WORLD WATCH
      • 56 15 Reuter WASHINGTON Commerce Secretary Ron Brown said unrealistic currency exchange rates were worsening the US trade deficit with Asian nations. "We believe that tariff and non-tarifT barriers, including unrealistic exchange rates, contribute to a trade deficit with Apec nations approaching USSBO billion," Mr Brown told
        Reuter  -  56 words
      • 69 15 Reuter LONDON In this undated photograph. Simon, the ship's eat of the frigate Amethyst, wears The Dickin Medal awarded in 1949 for his devotion to rat-killing during World War 11. The medal, the animal's version of the Victoria Cross, is to be included in a
        Reuter  -  69 words
      • 97 15 AFP PARIS France's right-wing government finally got its way in its efforts to restrict immigration and the right to asylum after weeks of political and constitutional wrangling. Amid protests from left-wing organisations. France's highest court, the Council of State, authorised a limited constitutional change, accepting
        AFP  -  97 words
      • 41 15 Reuter COLOGNE. Germany German industry, hit by the worst recession since World War 11. has set up a committee to expand business in the fast-growing Asia-Pacific region and take advantage of its low production costs. Reutcr
        Reuter  -  41 words
    • 324 15 Reuter BRUSSELS The United States' staunch refusal to bow to French demands to reopen last year's EC-US farm trade deal does not weaken its resolve to wrap up long running talks for a global trade accord this year. US trade
      Reuter  -  324 words
    • 308 15 AP LONDON Prime Minister John Major says a single European currency by the end of the decade is impossible and European Community leaders should drop the idea when they meet next month. "We cannot assemble for a special European summit in
      AP  -  308 words
  • Page 15 Advertisements
    • 63 15 United. States. What's in a name? In ours there's an entire country. On daily flights from Singapore via Hong Kong or Tokyo, we can connect you to more than 250 US cities in 48 United states. For reservations, contact your travel agent or call us at *****11. Come fly the
      63 words

  • 597 16 Increase is the second in three months AP, AFP WASHINGTON Orders to US factories for big-ticket durable goods rebounded 2 per cent in August, pulled higher by gains in aircraft, computers and cars, the government said yesterday. The increase, to
    AP,; AFP  -  597 words
  • 162 16 AFP WELLINGTON Sacked Russian vice-president Alexander Rutskoi was the latest victim of a curse associated with New Zealand Prime Minister Jim Bolger. the daily Dominion reported here yesterday. "The Curse of Jim Bolger appears to be at work again, cutting its dreadful swathe across
    AFP  -  162 words
  • 506 16 Reuter JERUSALEM Prime Minister Yitzhak Rabin said in remarks published yesterday that Israel and Syria have drafted a declaration of principles for an accord but cannot agree on crucial land-for-peace clauses. Israel has demanded that Syria commit to "full peace", meaning
    Reuter  -  506 words
  • 266 16 AP DETROIT General Motors Corp plans to cut 100.000 blue-collar jobs by 1996, twice as many as previously announced. a newspaper reported yesterday. The 100,000 jobs represent about one-third of the automaker's blue-collar work force. The automaker, which said in
    AP  -  266 words
  • 294 16  -  From Loh Hui Yin in BANGKOK A SINGAPORE-THAI joint venture may just play a role in keeping the fragile Chuan government together. The 79 MPs from the Democrat Party will be armed with Phonelink pagers so that they could be summoned
    294 words
  • 153 16 AP WASHINGTON A federal appeals court gave a boost to the North American Free Trade Agreement yesterday by reversing a lower court ruling that could have blockcd implementation of the pact until the White House reviewed its impact on the environment. The appeals
    AP  -  153 words
  • 340 16 AP PHNOM PENH Norodom Sihanouk, the preeminent figure in Cambodian politics for the past half century, was named king yesterday, restoring him to the throne after more than two decades in exile and resistance. The elaborate ceremony at the yellow-spired Royal Palace came just hours after
    AP; Reuter  -  340 words
  • 292 16 AP. AFP TOKYO Prime Mjhcr Morihiro Hosokawa terday Tokyo and Washington have agreed not to set numerical targets for imports, a demand often made in the past by the US as a way to cut Japan's colossal trade surplus. Mr
    AP.; AFP  -  292 words
  • 512 16 Worries remain over high costs of revamping US health care system NYT. Reuter WASHINGTON Members of Congress registered strong support for the outlines of president Bill Clinton's plan to recast the nation's health carc system, but many legislators immediately began to pick
    NYT.; Reuter  -  512 words
  • Page 16 Advertisements
    • 96 16 Monday in Business Times h JL/ XHIBITION SALE Of 18TH-20TH CENTURY ISLAMIC ART HAND KNOTTED ORIENTAL CARPETS in SILK and WOOL at. 160 Orchard Road 402 Orchard Road Orchard Point (Ground Floor) #01-05/06 Dclfi Orchard Singapore 0923 Singapore 0923 Date: 28/9/93 6/10/93 Time: 10.30 am 9.00 pm All Are Welcome!
      96 words
    • 22 16 AN INT Monday in Business Times The devil's in the detsils, 2 Merck says health plan will hurt drug industrv. Pg 6
      22 words

  • ISEAS Trends
    • 1385 17  -  Pran Chopra details the political and historical influences that have shaped India's ethnic agenda in recent times Pran Chopra e Dr Pran Chopra is with the Centre for Policy Research. Delhi. THE essence of the argument essayed here is that so long as India has remained
      1,385 words
    • 1073 17  -  What should one read into Indian Prime Minister Narasimha Rao's recent visit to China? D Banerjee provides some answers D Banerjee Major-General D. Banerjee is Deputy Director of the Institute for Defence Studies and Analyses, Ne* Delhi. GUNS of an altogether different kind boomed
      1,073 words
    • 1168 17  -  Is the world community moving towards the establishment of an international criminal court? Myint Zan looks at the issue Myint Zan Myint Zan is a lecturer in the Faculty of Law at the University of Malaya. Kuala Lumpur. IN an article, "Atrocities
      1,168 words
    • 1439 18  -  Yeap Soon Beng examines the challenge to Asian societies posed by the Western broadcast media in this the "fourth great economic change" since the Industrial Revolution Yeap Soon Beng Dr Yeap Soon Beng is a Lecturer in the School of Communication Studies.
      1,439 words
    • 1154 18  -  Too many "instant" artists and a situation of conflict of interests are some of the disquieting trends in Singapore's current phase of artistic development, contends Derek da Cunha Derek da Cunha The writer is a Fellow of/SEAS and the Editor of Trends He
      1,154 words
    • 245 18 VIETNAM'S foreign relations have been undergoing profound change since the late 1980s. In an attempt to chronicle these changes and what they mean for Vietnam and her neighbours, the Institute of Southeast Asian Studies has just published a 96-page monograph
      245 words
    • 1644 19  -  Peter Van Ness looks at the transnational challenge to communist power in China and its implications for that country Peter Van Ness l)r Peter J an Ness is a Fellow in the Department of International Relations at the Australian National University. THE People's Republic
      1,644 words
    • 1401 19  -  Brian Bridges sets out the likely role of the People's Liberation Army in Hongkong after July 1997 Brian Bridges Dr Brian Bridges is a Senior Lecturer in the Department of Social Sciences. Lingnan College, Hongkong. WHETHER they symbolically march across the old HongkongChina border at
      1,401 words
    • 1414 20  -  Sunn Maisrikrod examines the trials and tribulations of the Chuan Leekpai administration Surin Maisrikrod Dr Surin Maisrikrod is a Research Fellow at ISEAS. DESPITE increasing public criticism levelled at his "indecisiveness", and a diminished parliamentary majority from 26 to 13 seats in the 360-seat House
      1,414 words
    • 1748 20  -  Chandran Jeshurun looks at the thinking of a new generation of Malay leaders through the eyes of Johor's Mentri Besar Chandran Jeshurun Dr Chandran Jeshurun is a Senior Fellow at the Institute of Southeast Asian Studies. IN the discussions about the imminent process of leadership succession
      1,748 words

  • Page 18 Advertisements

  • Page 19 Advertisements
    • 60 19 Il£ only my boss would 1 I respond -bo these ads... A wk Any Job. any Career. 1= Available any day. JprpWk any Time. Anywhere. Jf/J 00 Q) 1 J The Straits Times The Sunday Times Business Times ___The New Paper Lianme Zaobao Lianhe Wanbao Shin Min Daily News Berita
      60 words


  • Executive Lifestyle
    • 1638 21  -  Is Singapore ready for an art fair as large as next week's Tresors 1993? Corinne Kerk talks to its organiser and some exhibitors Corinne Kerk WHEN TRESORS 1993 opens shop at the World Trade Centre on Wednesday, it will go down in local art history as
      1,638 words
    • STRAWS IN THE WND
      • 27 21 SOME AIRLINES say they fly the friendly skies, but we wonder how sociable the stewardesses are on this new regional Indian airline called Goa Way.
        27 words
      • 32 21 PRESUMABLY to attract more business, a local printing company took out a newspaper ad that might just do the opposite: "For any problems in printing and delivery COUNT ON US."
        32 words
      • 52 21 SOME people go to Chinese temples to ask for winning 4-D lottery numbers, others use sixth sense, like this classified ad we spotted: "Win 4-D with ESP." It costs $10 to find out why the guy needs to give lessons if he really can "sense" his fortune at the
        52 words
      • 78 21 WE KNOW that some stat boards distrust reporters, so no one raised a fuss when the PR officers taped everything that went on at one press conference. But that was not the end of it. The recorder resurfaced during lunch, thanks to an overzealous PR. When it
        78 words
    • OPINIONS
      • 1278 22  -  Neville Stack looks forward to the day when the success of the city of Leicester in harmonising race relations will be replicated throughout Britain Neville Stack The writer is a UK-based journalist who contributed this commentary to HT TO GO by the furore over the
        1,278 words
      • 1039 22  -  Amyn Sajoo says the touted breakthrough in the Middle East, in the form of the Israeli-PLO accord, could turn out to be a pyrrhic victory Amyn Sajoo The writer is a Visiting Fellow at the Institute of Southeast Asian Studies, and a former policy adviser
        1,039 words
      • 801 22  -  LETTERS TO THE EDITOR L H Kwek I REFER to Chua Chch Hiang's comments (BT. Sep 18/19) in reply to my letter on the volatility of COE prices (BT, Sep 11/12). Ms Chua states that COE prices fluctuate because of fluctuating demand.
        801 words
      • 192 22  -  Seah Hiang Hong Deputy Director (Revenue Systems Support) for Permanent Secretary Ministry of Finance Revenue Division I REFER to the report carried in the Business Times on Sep 15 on Singapore Telecom Group *A' shares. In the report, reference was made
        192 words
      • 132 22  -  Edmund Wong Pow Kong President The Society of Remisiers (Singapore) THE Society of Remisiers notes with interest a report in The Straits Times (Sep 24) that a remisicr alleged to have absconded with clients' scrips worth $361,000 was probably a dealer at the time of the
        132 words
    • PROFILE
      • 2323 23  -  Much has been written about Hillary Rodham Clinton, but America's First Lady remains purposefully elusive, reports John Lichfield John Lichfield The Independent on Sunday HILLARY Clinton has been here before. The fate of her husband's presidency the fate of their team presidency hangs on the
        The Independent on Sunday  -  2,323 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 57 24 Those polled on their view of the Singapore stock market for the week ahead: Alliance Securities. Baring Securities. Crosby Securities. Daiwa Securities. DBS Asset Management. Kay Hian James Capel. Kim Eng Securities, OCBC Securities. Peregrine Securities. Phillip Securities. Smith Sew Court. Tat Lee Securities. i'OB Securities
          57 words
        • 183 24 Alliance Securities (Sep 22) Perusahaan Otomobil Nasional Bhd. Buy at MS 12.30. A blue chip counter with increasing sales and explosive profit growth due to its increase in car manufacturing capacity from 100.000 to 120.000 units a year. Baring Securities (Sep 24) Pentex Schweizer. A strong buy at Si.B3.
          183 words
        • 206 24 Vickers Ballas Hong Kong 19/8 23/9 Shanghai *B' Share Index 68.20 69.90 +2.49% Shenzhen *B" Share Index 93.60 104.70 +11.86% China's 'B" share markets were moving within narrow ranges in the last month, the Shanghai 'B' Share Index between 68 and 72. and Shenzhen B'.
          206 words
        • 268 24  -  Sanjoy Chowdhury Chief economist (Asia/Pacific region) Merrill Lynch 4tlV T inimal changes |%/l are being made -L A to our market ratings. Singapore is being moved to a "neutral" rating because this market has risen sharply and there are likely to be few upside surprises in the
          268 words
      • 1561 24  -  Magdalene Ng finds out more about a new unit trust that will focus on Chinese investments Magdalene Ng The newly launched Credit Lyonnais Regional China Fund makes an enticing offer to investors keen for a piece of action in the emerging market.
        1,561 words
      • 455 24  -  Analysts tell Agnes Chen the 50-point fall provided a buying opportunity Agnes Chen NEXT time the Singapore market takes a walk on the wild side, keep a cool head and gci ready to pick up some quality stocks. On Wednesday, the
        Source: Bloomberg  -  455 words
      • 525 24 COME Oct I. new CPF rules will allow for investments in a wide range of instruments, including gold, government securities, foreign currency deposits, and shares. Knowing the risk-reward characteristics of these forms of investment, together with residential properties and savings deposits,
        525 words
      • 659 25  -  Commodity prices are in the process of completing important turning points, reports Paul Leo Paul Leo COMMODITIES will be the star investment vehicle for the *****, declares investment guru Marc Faber. At a conference organised by the Singapore Forex Market Committee last week,
        Source: Knight-Ridder Financial Publishing,Baring Securities  -  659 words
      • 700 25  -  LEMNINQ By Paul Leo CREDIT is chcap these days but it can he cheaper still, if you take the trouble to work out how interest is being charged on your loan. Depending on whether interest is calculated on
        700 words
      • 469 25  -  Alan Wong suggests a sensible defensive strategy to the bears and bulls Alan Wong The writer is a lecturer in the Economics Statistics Dept at the National University of Singapore IS IT time to sell your stocks? Yes. the bears will tell you.
        469 words
      • 214 25  -  Spotlight currency By Paul Leo TURMOIL in Russia resulted in a "flight to safety" from German deutsehmarks to US dollars and this weakness in the marks will continue even after the crisis has been resolved. The US dollar has risen more than 2 per
        Source: TeleTrac  -  214 words
    • 558 26  -  Cinema Review By JAIME EE MEN are perverts. Men have only one thing on their minds, and it's not last night's football scores. Men's sole purpose in life is to demean women, while women had better accept the fact that they are nothing but whores to men. Such
      558 words
    • Article, Illustration
      640 26  -  By SHAHIRON SAHARI IT HAS BEEN years since the wacky Monty Python comedy team met its demise, but its works live on in cassettes and videos as well as in the hearts and minds of countless fans. Any chance of a reunion has, of course, as in the case
      640 words
    • 1268 26  -  Harish Mehta has a dangerous encounter with a peddler of illegal antiques while visiting ancient monuments Harish Mehta I MUST have been out of my mind. Someone in Cambodia recently offered to sell me a 12th century Cambodian cowbell for the unbelievable price of US$5O. And
      Photos by Harish Mehta  -  1,268 words
    • 725 26  -  Fionualla Halligan catches up with Linette Tye in London Fionualla Halligan The writer is a freelance journalist *ho contributed this article to Executive Lifestyle DESPITE reaching a morning audience of seven million viewers in the UK, and 13 million homes throughout Asia in the afternoon, Linette
      725 words
    • 419 27  -  CD Review By SHAHIRON SAHARI BEATLES: The Red and Blue Albums Some things never die. and the mop-haired quartet from Liverpool certainly won't. After their break-up in 1970, two albums were released charting their history in two periods, their early days of 1962-1966 (Red Album) and
      419 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • 134 28 Men's Fitness KNOW those delicious little nuts so laden with fat that they leave a spreading grease when you set them down on a napkin? But the macadamia may be much maligned, after all. Research has shown that this nut may be heart-healthy, as it contains mostly
          Men's Fitness  -  134 words
        • 133 28 NYT GIVING newborns an injection of vitamin K, a standard practice for nearly every child born in the United States, Canada and much of Europe for the past three decades, docs not increase their risk of childhood cancer as some previous studies suggested,
          NYT  -  133 words
        • 202 28 Men's Fitness DOES that seemingly perfect, low-fat. low-cholesterol, low-caloric tuna sushi harbour a risk to your health? Some food-safety experts claim there is no safe way to eat raw fish bccause the parasitic round worms that sometimes call them home can be translucent and thus,
          Men's Fitness  -  202 words
        • 144 28 Men's Fitness YOU KNOW the feeling: you've got a belly and no matter how many sit-ups you do. you just can't get rid of it. But a weight-loss specialist suggests that changing your diet may be the thing to do. Maintain a
          Men's Fitness  -  144 words
      • 520 28  -  A 44-year-old Singaporean developed a stroke while carrying out this routine. Dan Hurley warns Dan Hurley NYT THE SLOW-MOTION Chinese exercise known as taiji caused a stroke in a man who was stretching his neck during his daily routine, a doctor in Singapore
        NYT  -  520 words
      • 758 28  -  Studies show that at least one-third of cancers are linked to diet, reports Warren Leary Warren Leary NYT RESEARCHERS said on Tuesday that they had the first evidence from an extensive human study that vitamin supplements i could reduce the risk of cancer. The
        NYT  -  758 words
    • PEOPLE
      • 248 28 GUESTS literally had a ball at the new Regency Ballroom at the Hyatt Regency Singapore last week when they gathered to celebrate the refurbishment of the old Crystal Ballroom with a charity dinner. President Ong Teng Cheong was the guest of honour at
        Photos by Chris Loh  -  248 words
    • TIME OFF
      • 455 29  -  Mischief and rascals were on Shahiron Saltan's mind when he decided on some fun Shahiron Sahari's PACKING them in at Boulevard Hotel's Mischiefs fun pub, which celebrates its second anniversary at the end of the year, is the Manila Machine. The Machine, which started performing at Mischief
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      • 617 29 RASCALS is called that, said its general manager Joseph Sim. because the nightclub aims to be "daring, different and original". Rascals, just to the right of the entrance of Pan Pacific Hotel, is a karaoke and disco joint with the usual crowd, as most managers arc
        617 words
      • 135 29 Cabaret The Stage Club's production of this Broadway musical set in the 1930s about the love affair between an Englishman and a cabaret singer in Nazi Germany featuring the lyrics and music of John Kander and Fred Ebb. Till tomorrow, Bpm at the Drama Centre. Tickets at $8, $10
        135 words
      • 314 29 Chamber Concert Yes, they're back! The Tang Quartet who look like a rock group morethan anything will perform works for quartet, obviously, by Mozart, Beethoven and Smetana. Oct 5. 8.15pm at the Victoria Concert Hall. Tickets at $3 and $5 available from all Sistic outlets. John Mayall in Concert
        314 words
      • 98 29 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 contributing
        98 words
      • 811 29 Blue and White Porcelain Tianminkni Collection The world's most comprehensive collection of Chinese blue and white porcelain art from the Tianminlou Foundation. On at the Empress Place Museum. 9am to 6.30pm daily. Admission at $6 for adults and $3 for children 12 years and below. Breaking Through
        811 words
      • 96 29 A Night Under the Shies A concert by local composer and singer Mark Chan, noted for his last release; China Blue. His music is a blend of modern technique and traditional Asian dements. Today 25. 9pm at the Garden. Tickets at $8 from the Substation s Box
        96 words
      • 151 29  -  Compiled by Christopher Toh Cats An Australian cast stages Andrew Lloyd Webber's story of junkyard cats, with local entertainer Jacintha as Grizabella. the Glamour Cat. Nov 21 to Jan 4. Bpm at the Kallang Theatre. Matinees. 3pm on Fri and Sat; spm on Sun. Tickets from S3O to $150
        151 words
    • EPICURE
      • 660 30  -  Bon Appetit By JAIME EE NEVER having been invited to a Thai house, we don't really know what one is supposed to look like, but if they at all resemble the restaurant Baan Thai (literal translation: 'Thai house'), we certainly wish we had some Thai friends. Warm wood,
        660 words
      • 490 30  -  By JAIME EE CASUAL chic dining seems to be the trendy thing to offer nowadays, and the newly refurbished Cafe Palm at the Oriental Singapore seems no different. Once a slightly dim, uppity dining area (it was too formal to be callcd a
        490 words
      • 631 30  -  Wine By N K YONG LAST WEEK it was Angclo Gaja the man. This week his wines. They are as impressive as the man. But without doubt, they are just about the most expensive Italian wines in their class. Only Dr Biondi-Santi's Bruncllos cost more. The premium
        631 words
    • Article, Illustration
      1058 32 Cop And A Half. Burt Reynolds' disgruntled cop teams up with an eight-year-old cop wannabe who tries (and fails) to do an Eddie Murphy. Yishun 10 3; 7. Dennis The Menace. Not content with making Mr Wilson's life miserable, the happy blond tyke does unthinkable things when Christopher Lloyd's
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  • Page 21 Advertisements
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      209 words

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  • Page 22 Miscellaneous
    • 58 22 fillip s<^ T r v T N DQ T^P^ONI' VfC-Orv"* rue, u>*Ges OFF.ce... .J OFFICE, 7 J V i gpavcß ume.lT:.. J I 7— V V ASSOCIATE!) MtWS»A»t>S LTO. 90,9 DOONESBURY GARRY TRUDEAU <**/-*»« lllfflSr SfiSSSfr HE VVpV \l WUBfOUGM' UP CHO*L& OF \l AU-SMtteS THE CAMPUS IN THE yTlttrfiy
      58 words

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  • Page 25 Advertisements
    • 68 25 SHARES rhiikH here do you draw the line/ H v We ve heard of syndicates moving the -.v market and people talking shares prices up or down. ould they be guiltv ol share rigging? Are Singapore s securities laws stringent enough? Join lis lor a lunch-11me talk on this current
      68 words


  • Page 27 Advertisements
    • 109 27 Distinguished Masterpieces Scanes pretty as a picture. Scanes that reflect your personality and refinement. Scarves that will brighten-up any room. K«| jr I I*9 Haattag World $330 tafi^^^Br Burbmys H S (90x90cm) S Salvalore Fcrragamo $295 (90x90 cm) Hunting World $330 SPECIAL SALE AT jSrjfc NI N A RICCI BOUTIQ
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  • Page 29 Advertisements
    • 226 29 HEARD THE WHISPER? a From Cherating,Xuantan f) p) Good Times! Fine Foods y\ gjjra. (J Great Eeachi Bright Move*. Days filled with sun and The flourish and Italian Y»\ Mute sand. Swimming, Less than one hour from tfuala 1 j Watersports. Tennis aromas of Borsalino. fishing, sailing and Lumpur or
      226 words


  • Page 31 Advertisements
    • 714 31 6iNoliiingßealsAßu(LM OF Vmmm—■ ft Cafe Carousel HBH i BBS (f/tWUSCI BOUL£V\RO HOTEL 200 Orchard Boulevard Singapore 1024 Te1:737 2911 The Great Sounds ot "The Blue Diamonds' JADE LOUNGE Relax over a cocktail or two an d et our dynamic resident f M band The Blue Diamonds' m keep you in
      714 words
    • 290 31 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. WBO Choose from an astonishing variety of savoury and sweet favourites. And if that's not enough, our tea special also includes karaoke at Singsation, Singapore's only theme karaoke lounge. So pop over to
      290 words
    • 313 31 oppsMsars ddklous on** to chooM y J MXCAUUH^^^H^H 20 »wt tontptations. Tok* your pick. a mw (ounfry Iho Stabto* GrUroom Lunch: Noon 2.30 pm Only S3O por port on. for rmrvoHom, plmawo MB *****51 M 1 \M **&'<*- y anv*«ii«d > n ma T«t twii i I iiifk] iijij ifliffißH
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  • Page 32 Miscellaneous
    • 2619 32 TODAY'S TV Gerbert Arthur Hidup Semakin Panas, Travel Travel, lpm, SBC 5 T IW% 9.00 Keiab Angkasapuri (M) 3.J«l»n, SBC 5 Du bh„, Ireland's dampland ff > jß'.fp lo'So SStocT WllMh Identical twins Adam and Jim capital, has often been neglect- 2 1100 The Little Fl,in f Tedf, in different
      2,619 words