The Business Times, 20 March 1993

Total Pages: 28
1 28 The Business Times
  • 16 1 Business Times Mi l A (P) 552/12/92 Weekend Edition, March 20-21 1993 WE KNOW ASIA 75*
    16 words
  • 514 1 Agencies WASHINGTON The United States House of Representatives has given President Bill Clinton a major first victory in his quest to remake the American economy by passing a USSI.S trillion (552.4 trillion) budget blueprint and a USSI6.2 billion job-creation,
    Agencies; Reuter  -  514 words
  • 462 1  -  From Catherine Ong in HONGKONG CHINA has reportedly identified 50 more Hongkongers to be its advisers on Hongkong affairs in a renewed effort to build up its power base here. The Hongkong daily Ming Pao said yesterday that Beijing's second
    462 words
  • 242 1 Bernama KOTA BAHARU The Kelantan throne issue is likely to be taken to the Special Court if the state government is unable to resolve it on its own. Prime Minister Mahathir Mohamad said yesterday. He said the question should be resolved
    Bernama  -  242 words
  • 340 1 AFP HONGKONG Financial analysts are advising clients to avoid taking stakes in British companies with substantial interests in Hongkong, as the Sino-British dispute heats up. Since Hongkong Governor Chris Patten decided last week to gazette his proposals to widen the electoral franchise
    AFP  -  340 words
  • 686 1  -  By Anna Teo SINGAPORE A light but broad Goods and Serv ices Tax (GST) is essential to remind Singaporeans that public spending cannot go up without everyone having to pay for it. Trade and Industry Minister S Dhanabalan said in
    686 words
  • 2am LATEST
    • 79 1 AP NEW YORK A radical Muslim clcric whose name has surfaced repeatedly in the probe of the World Trade Centre bombing denied any role in the attack and said he doesn't know the suspects under arrest. Sheik Omar Abdcl-Rah-man preaches at a
      AP  -  79 words
    • 81 1 UPI JERUSALEM Israeli Prime Minister Yitzhak Rabin, returning yesterday from a visit to the United States amid mounting Palestinian-Israeli violence, said he was confident stalled pcacc talks would resume next month. "My assessment, and this is also the assessment of the Americans, is
      UPI  -  81 words
    • 58 1 Reuter AMSTERDAM At least three people were seriously injured when an oil tanker with more than 25 crew aboard exploded and caught fire near an environmentally sensitive area off the Dutch coast. Dutch radio said yesterday. The Dutch news agency ANP said an
      Reuter  -  58 words
  • Article, Illustration
    117 1 Stock market indices Krida> Change STII 1.664 78 -4 01 KLSE Composite 636.33 -3.91 Nikkei 18.537.17 -190 73 Hang Seng 6.088 34 37.08 SE'I Index 912 +8.56 Jakarta Composite ...312.07 +1.7 CLSA China B 1.421.62 -9.22 Aust All Ord 1.677.1 +7.5 FTSE 100 2,900 1 +20 4 Friday
    117 words
  • Page 1 Advertisements

  • SINGAPORE NEWS
    • 414 2  -  Bth annual tourism awards By Hong Lee Tiam THE entrepreneurial spirit must take the lead in the tourist industry. Senior Minister of State for Trade and Industry Lim Boon Heng said yesterday. Speaking to industry leaders at the eighth annual tourism awards presentation,
      414 words
    • 275 2 SINGAPORE's first presidential election will take place between June and the end of August, Law Minister SJayakumar said yesterday. President Wee Kim Wee's term expires on Sep 1. The President Elections Act, which came into effect last November, says an election must
      275 words
    • IN SHORT
      • 49 2 LIGHT INDUSTRIES sited on land rczoncd for housing in Bukit Timah and Hillvicw would not be forced to relocate, the Minister of State for National Development, Lim Hng Kiang, said yesterday. But the government would offer them incentives to move, he said.
        49 words
      • 54 2 SINGAPORE TELECOM collected Si 17 million from business lines and 5155 million from residential lines between Dec 1, 1991, and Jan 31, 1993. Communications Minister Mali Bow Tan said that under the flat rental system, Telecom would have collected $124 million from business lines and SI6O
        54 words
      • 44 2 THE Telecommunications Authority of Singapore, which regulates telephone and postal charges, will ensure that Singapore Telecom provides affordable services after it goes public. Communications Minister Mah Bow Tan said. But TAS control would not stop Telecom from maximising profit, he said.
        44 words
    • 564 2 Yesterday in Parliament THE Goods and Services Tax Bill, referred to a Select Committee yesterday, follows the United Kingdom legislation in specifying in Schedules various aspects of the tax. For example. liability for registration, details on valuation and the list of exempt items. But
      564 words
    • 439 2  -  Reports by Chuang Peck Ming,Anna Teo EVEN if companies pass on the full 3 per cent Goods and Services Tax to consumers, prices should go up by only about 2 per cent, the Department of Statistics has estimated. Trade Industry
      439 words
    • 306 2 SINGAPOREANS continued to be bitten by the travel bug last year thanks to the strong Singapore dollar, more leisure time and growing affluence. To be exact. 1.8 million of them went abroad for a holiday last year. 13 per cent more than in 1991.
      306 words
    • 217 2 SMITHkLINE Beecham Consumer Brands, whose products include Ribena and Lueozade. is investing SlO million over three years to upgrade its facilities in Jurong. General manager Christopher Stratton said the investment would boost output by 35 per cent and help raise productivity by 13
      217 words
    • SINGAPORE ROUNDUP
      • 85 2 WORKERS' PARTY secretary-general J B Jeyaretnam said yesterday that he had paid Senior Minister Lee Kuan Yew $120,000 as the cost for contesting the judgment of Justice Lai Kew Chai in a suit which Mr Lee brought against him in 1988. Mr
        85 words
      • 46 2 THE Toa Payoh South Flyover and its connecting slip roads will be closed to traffic from Monday to Wednesday between 1 pm and 5 pm each day owing to the widening of the PIE from Kim Keat Link to Thomson Road.
        46 words
      • 48 2 POSBANK announced yesterday that its Thomson Road Branch at 246R Upper Thomson Road would close for renovation from Monday to May. During this time, the Bishan Central branch will act as the domicile branch for the current accounts of the Thomson Road Branch.
        48 words
    • 76 2 In the articic "Quick cash minus the fuss" which appeared in Business limes on Feb 20, the interest payable on Maybank's loan should be 8.875 per cent instead of 5.5 per cent flat discounted and the loan available is three times the borrower's salary instead of two.
      76 words
    • 297 2 Ads offering units for sale appear one day after apartments are sold SPECULATORS arc trying to cash in after the rush for condominiums at Hong Leong's Azalea Park project in Loyang. Just a day after the apartments were offered to the public. advertisements offering the
      297 words
  • Page 2 Advertisements
    • 85 2 MONGOLIAN BBQ BUFFET The only traditional Mongolian BBQ Restaurant town with the widest B choice of meats, chicken, seafood HP all prepared by our skilful Taiwanese chef with minutes. a- i|g£r Dinner Adult $22++ Child $16++ < rji E&n 9* -1 #81 Complimentary Steamboat above Business Hours: yM vk 30am
      85 words

  • THE REGION
    • 548 3 Wage and price freezes necessary, says new president Reuter SEOUL President Kim Young Sam asked South Koreans yesterday to endure painful economic surgery, ineluding wage and priee freezes, in order to reseue the economy. In a televised speech, he urged South
      Reuter  -  548 words
    • 286 3 SINGAPORE Hongkong's Legislative Council will come up with reform proposals acceptable to China, Governor Chris Patten predicted yesterday. Hinting at a compromise and an honourable way out of the current tension he said the council was likely to alter or water down some
      286 words
    • 261 3 UPI SYDNEY Tourism from Asia to Australia is booming and comprised the lion's share of the country's 2.6 million visitors last year, according to official figures. Most of the visitors were from Japan, with a record 629,990 arrivals, a rise of 19
      UPI  -  261 words
    • 325 3 Reuter TAIPEI Taiwan may lift its longstanding ban on official contact with China as tensions between the rival governments ease, the island's chief negotiator with China said yesterday. The "Three No" policy no official contact, no negotiations and no compromise with China may
      Reuter  -  325 words
    • 34 3 Reuter JAKARTA Indonesian President Suharto posing with iiie members of his new Cabinet after they were sworn as ministers here yesterday. Vice-president Trv Sutrisno is on Mr Suharto's left. Reuter
      Reuter  -  34 words
    • 395 3 AFP KUALA LUMPUR Most legislative assemblymen from the United Sabah National Organisation (Usno) in Malaysia's Opposition-led Sabah state want to defect to Prime Minister Mahathir Mohamad's party, Usno officials said yesterday. Defections to the United Malays National Organisation (Umno) will take place
      AFP  -  395 words
    • 422 3 Bernama KOTA BARU Malaysia regrets that one of its citizens was recently subjected to harsh treatment by the American authorities, Prime Minister Mahathir Mohamad said here yesterday. Commenting on the complaints by Malaysian industrialist Eric Chia that he was ill-treated
      Bernama  -  422 words
    • ASIA NOTES
      • 65 3 Bloomberg Business News BEIJING China's top economic policy-maker, Zhu Rongji, thinks the government has issued too much money and this "will finally trigger off inflation", the China Daily newspaper reported yesterday. Retail prices rose 8.5 per cent nationwide in the first two months of
        Bloomberg Business News  -  65 words
      • 45 3 Reuter WELLINGTON The Singapore Armed Forces' Chief of Defence Force, Major-General Ng Jui Ping, reviewing an honour guard from the New Zealand Army at the National War Memorial here yesterday. Earlier, he laid a wreath at the memorial's carillon. Rcutcr
        Reuter  -  45 words
      • 77 3 Reuter TAIPEI Taiwan-China trade through Hongkong is expected to surge 35 per cent to a record US$lO billion (Ssl6 billion) this year as Taiwan's economy becomes increasingly dependent on the Chinese market, the government said. Trade with China accounted for 4.8 per cent of Taiwan's
        Reuter  -  77 words
      • 88 3 Reuter TOKYO Japanese prosecutors, tracking down the sources of huge political donations to the disgraced Liberal Democratic Party paymaster Shin Kanemaru, raided more than a dozen construction and real estate firms yesterday, news reports said; Prosecutors appeared intent on uncovering the entire story of how
        Reuter  -  88 words
      • 90 3 AP TAIPEI China's economic reforms have created so many rich businessmen and corrupt officials that it has become a "good market for stolen luxury cars from Taiwan, a newspaper reported vesterday. The mass-circulation China Times Express quoted unidentified police officials as saying that many
        AP  -  90 words
      • 83 3 AFP CHANDIGARH. India A Sikh militant group may have been involved in the bombings in Bombay which killed nearly 300 people, the police chief of Punjab said yesterday. The outlawed Khalistan Liberation Force, one of half-a-dozen Sikh militant groups battling for a homeland in Punjab,
        AFP  -  83 words
  • Page 3 Advertisements
    • 165 3 J I, w OPERATION UU ENTREPRENEUR. DEVELOP A BUSINESS PLAN TO TAKE TO THE BANK Win $18,000 CASH plus other prizes Operation Entrepreneur is a business plan writing competition aimed at giving you a chance to turn your entrepreneurial dream into reality. If you think you have a good business
      165 words

  • THE WORLD
    • WORLD WATCH
      • 72 4 AFP LONDON The British retail price inflation rate rose by 0.7 per cent in February to 1.8 per cent, officials said yesterday. It had fallen to a 26-year low of 1.7 per cent in January. The rise outpaced the expectation of economists that prices
        AFP  -  72 words
      • 69 4 Reuter MOSCOW Russia's first deputy prime minister said Moscow should be cautious about accepting foreign investment in its oil and gas industry and do more to develop it on its own, Itar-Tass news agency reported yesterday. Vladimir Shumeiko also said Moscow should take no
        Reuter  -  69 words
      • 50 4 Reuter TBILISI, Georgia A Georgian volunteer waving goodbye to his family while holding a child before going to Sukhumi to join Georgian combat units on Thursday. Georgian leader Eduard Shevardnadze said he needed only two days to determine the need for a general mobilisation in Georgia. Reuter
        Reuter  -  50 words
      • 119 4 AFP JOHANNESBURG South Africa's political negotiators emerged from day-long talks on Thursday without an agreement even on what to call the next session of full-blown democracy talks on April 1-2. The 26-member Negotiating Council, representing all organisations at the negotiating table at the March
        AFP  -  119 words
      • 47 4 Reuter HELSINKI Finnish President Mauno Koivisto will not run for a third term of office in 1994, the Finnish News Agency reported yesterday. The agency said Mr Koivisto told senior figures in the Social Democratic Party he would not be available. Reuter
        Reuter  -  47 words
    • 400 4 Reuter LONDON A fifth of the world's population lives in grinding poverty and the number of poor could rise to 1.5 billion by the year 2000, with the biggest burden falling on women and children, a British charity said yesterday. A report
      Reuter  -  400 words
    • 632 4 IHT WASHINGTON Many American economists say the biggest problem about the Clinton economic package is not that it will speed up growth dangerously, creating fears of inflation, but that it will slow growth too much. That is because the plan
      IHT  -  632 words
    • 616 4 Reuter WASHINGTON As a first round of talks on side deals to the North American Free Trade Agreement drew to a close on Thursday, attention focused on what powers commissions dealing with labour, imports and the environment should have. US, Mexican
      Reuter  -  616 words
    • 318 4 AP WASHINGTON Supreme Court Justice Byron R White yesterday announced plans to retire after 31 years on the bench, giving President Clinton his first opportunity to make an appointment to the nation's highest court. Justice White, in a statement released by the court's
      AP  -  318 words
    • 49 4 Reuter LONDON Londoner Kathy Gibbons, 81, standing with a placard outside Parliament on Thursday in a lone protest against government plans to introduce value-added tax on domestic fuel. Prime Minister John Major on Thursday promised "extra help" for pensioners to pay the increased bills Reuter
      Reuter  -  49 words
    • 541 4 Reuter WASHINGTON The United States and its rich industrialised allies are considering using a little known International Monetary Fund mechanism to substantially boost financial assistance to Russia, monetary sources said yesterday. The mechanism, known as the General Arrangements to
      Reuter  -  541 words
    • 408 4 Germans and others looking for new holiday havens Reuter ANKARA The collapse of tourism in Yugoslavia, where war has devastated what once was a prime European holiday destination, is Turkey's gain. The once-favoured land route to Turkey through Yugoslavia is too risky, and
      Reuter  -  408 words
  • Page 4 Advertisements

  • COMPANIES & MARKETS
    • 446 5  -  But analysts say its rival CSA performed better By Teh Hooi Ling SINGAPORE Singapore Computer Systems turned in better-than-expected results last year, with net earnings rising 40 per cent to $3.96 million. Turnover for the 12 months to Dec 31 grew
      446 words
    • 405 5  -  By Genevieve Cua SINGAPORE Sesdaqlisted contract manufacturer Venture Manufacturing has proven investors right by unveiling an "excellent" set of results for the year ended last December. The company, which was listed only a year ago. yesterday announced 82.6 per cent higher net earnings
      405 words
    • 255 5  -  By Dexter Lee SINGAPORE Sesdaq-listed Jaya Holdings Ltd yesterday reported a 6 per cent rise in group net earnings to $3.36 million for the half-year to Dec 31,1992 due largely to vessel sales. This works out to earnings of 4.8 cents a
      255 words
    • 208 5 SINGAPORE Paper dealer Hiap Moh Corporation Ltd posted a healthy 25.1 per cent increase in profit last year, despite a mere 1.8 per cent rise in turnover. For the year to Dec 31, the company made a net profit of $2.28 million on a turnover
      208 words
    • 267 5 Bernama KUALA LUMPUR Chemical Company of Malaysia Bhd (CCM) recorded a 7 per cent rise in group pre-tax profit to M 556.29 million for the year ended Dec 31, 1992, compared with M 552.84 million previously. Releasing its audited results yesterday, CCM said
      Bernama  -  267 words
    • 229 5  -  By R Sivanithy SINGAPORE In a move into a new core area, marine engineer Van der Horst Ltd has injected US$l.5 million (552.46 million) into a Philippine joint venture to build a power station. Van der Horst's investment represents an 11.54 per
      229 words
    • 673 5  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Inchcape Bhd's sale of its timber division has left quite a few brokers red in the face. On the morning of Feb 26, the stock plunged 85 cents as brokers recommended a
      673 words
    • 320 5  -  By Lilian Ang SINGAPORE Garment and property company Wing Tai Holdings lifled net earnings 11 per cent to $7.78 million in the half-year to Dec 31, 1992. The results were achieved despite a 38 per cent drop in turnover to $78.02
      320 words
    • Article, Illustration
      388 5 Performance of STII's index stocks Mar 19 La*« Sti* Index Slock sale C h« factor no>m <$> (1) S At into 1,850 -0 040 I 54 13.79 t'A( 6 900 0 050 5 73 -17 24 (ercbos 5 500 0 100 4.57 -34 48 F&N 12 700 4) 100
      388 words
    • COMPANIES
      • COMPANY BRIEFS
        • 95 6 SINGAPORE Pentex-Schweizer Circuits Ltd posted an operating profit after tax of $885,000 for the half-year ended Dec 31. 1992. This compares with a loss of Si 20.000 for the same period the previous year. But the bottom line is a loss of $350,000. due to
          95 words
        • 101 6 Bernama KUALA LUMPUR United Malacca Rubber Estates Bhd has obtained approval from the Minister of Finance through Bank Negara for its proposed purchase of 5.97 million ordinary shares of Msl each in The Pacific Bank Bhd. The proposed purchase was first announced on Aug 29.
          Bernama  -  101 words
        • 79 6 Tan Tan gets nod for flotation Bernama KUALA LUMPUR Tan Tan Developments Bhd has received the greenlight from the Capital Issues Committee for its tlotation scheme which would involve a bonus issue, a revaluation of properties and investments, a rights issue, an offer for sale and a listing exercise, the
          Bernama  -  79 words
        • 59 6 Bernama KUALA LUMPUR Dutch Baby Milk Industries (Malaya) Bhd reported a 23 per cent increase in group pre-tax profit to MS 18.29 million for the year ended Dec 31, 1992 compared with M$ 14.86 million previously. Releasing its audited results here yesterday, it said turnover
          Bernama  -  59 words
        • 56 6 Bernama KUALA LUMPUR Golden Hope Plantations Bhd yesterday signed a joint-venture agreement with Ingka Pro BV to manufacture furniture parts. Golden Hope will hold a 70 per cent equity in the Ms 29 million project, while the remainder will be held by Ikea. a leading
          Bernama  -  56 words
        • 88 6 Bernama KUALA LUMPUR Tajo Bricks Berhad has reported a 21.5 per cent fall in group pre-tax profit to M 55.77 million for the year ended Dec 31, 1992, compared with M 57.3 million previously. Releasing its preliminary audited results yesterday, it said turnover was down
          Bernama  -  88 words
        • 60 6 Bernama KUALA LUMPUR Park May Bhd announced a 14.7 per cent increase in its consolidated operating pre-tax profit to M 59.98 million for the six months ended Dec 31, 1992, from M 58.69 million previously. Group turnover expanded 4.3 per cent to M 525.1 million from
          Bernama  -  60 words
      • 548 6 NZ group dedicating resources to Asia, says company official Reuter WELLINGTON Andrew Meehan. hired to find investments in Asia for New Zealand's best known surviving corporate prowler Brierley Investments, said yesterday that he is hopeful of a deal in the
        Reuter  -  548 words
      • 44 6 From here to karaokes Reuter YAMANASHI, Japan Shunji Inamaru of Pioneer Video Corp inspecting 12-inch laser discs in Pioneer's plant here recently. More than 150 million laser discs hate been shipped from this factory and are used for digital picture and sound reproduction. Reutcr
        Reuter  -  44 words
      • 324 6 Reuter KUALA LUMPUR A bullish palm oil market is helping profits and share prices at Malaysian plantation firms, hut analysts are divided over their long-term prospects. Some analysts doubt whether the current palm oil price rally is sustainable, considering the cyclical nature of the
        Reuter  -  324 words
      • 443 6 UNIT TRUSTS FUNDS Managers' prices Mar 20 Prudential Singapore Unit Trust 105 111 rhC( °UMMKKC I.2K I M MARA-Bumiputra llw Saving fund I (N I I4«d Firs! B'pirtra I SI IM Vpmc Pun f unj 0 52 0 55 Scornd Bputra I so I M\d Spore Sev fund 0*5 0K«»
        443 words
      • 313 6 Reuter KUALA LUMPUR Japan s Mitsubishi Corp won a deal to develop Malaysia's first hotrolled Hat steel mill on a turnkev basis. Officials at Nusantara Steel Corp Sdn Bhd. which will run the plant, said Mitsubishi and several Singapore and
        Reuter  -  313 words
      • 380 6  -  From Al Labita in MANILA BROKERS of the rival Manila and Makati stock exchanges meet today in a last-ditch attempt to come together under one roof as the unified Philippine Stock Exchange. Apart from discussing the site of the unified exchange,
        380 words
      • 232 6 Reuter MELBOURNE Broken Hill Pty (BMP), Australia's largest company, will scale back high-risk oil and gas exploration but may increase its presence in the potentially lucrative Vietnamese market, said a BHP director. BMP is considering further downstream energy processing activities, such as
        Reuter  -  232 words
      • 706 6 Payment tx Books Pay date close date Apollo F 2.5 Jun 21 Jun 25 Jul 15 Avimo 20* F I2.5TE Feb 17 Marl Apr 15 BAT 21* F 114.2 Mar 23 Mar 29 Apr 6 Bcrjaya Ciroup I 4 Mar 18 Apr 2 Apr 15 Berjaya Ind I
        706 words
    • FINANCE & COMMODITIES
      • 304 7 NYT TORONTO The Royal Bank of Canada, Canada's largest bank, will acquire most of the assets of Royal Trusteo Ltd. the nation's second-largest trust company, for C 51.65 billion (SS2.I billion), according to an agreement in principle announced on
        NYT  -  304 words
      • 58 7 Reuter BELGRADE People queuing up on Thursday to take a number which would allow them to pick up money from Dafimant, a private bank which, until a few days ago, paid enormous interest on savings. The owner of another private Yugoslav bank, Jugoskandic, fled the country
        Reuter  -  58 words
      • 280 7 Reuter TOKYO Most Japanese life insurers will realise currency losses on their foreign bond portfolios at their end-March book closures, said Yasuyuki Wakahara. chairman of the Life Insurance Association of Japan. Mr Wakahara told reporters that most life insurers think that it
        Reuter  -  280 words
      • 268 7 Reuter LONDON Standard Chartered pic's chief executive Malcolm Williamson said he did not see a pressing need to boost the bank's capital position, but he saw structural advantages to making a US preference share issue. "All our plans indicate we should not have
        Reuter  -  268 words
      • 447 7 DBS Bank weekly currency review L'Ss/Dm: Massacre of the bulls The USS stayed above the 1.6555 deutschemark level for most of this week. Following the disappointment over the extent of the German rate cut, the market aggressively sold the USS to a low of 1.6400
        447 words
      • 446 7 Bloomberg ENERGY REPORT LONDON Crude oil futures prices in New York and London were higher as a cold weather snap in the US Northeast encourages heating oil purchases. traders said. A cold weather snap in the US Northeast could last through the weekend,
        446 words
      • 185 7 The dollar opened lower across the board, as market unloaded long dollar positions in the aftermath of the half per cent cut in the German discount rate. The cut was well discounted by the market, which was disappointed by the failure of the Bundesbank to
        185 words
      • 191 7 AFP LONDON Disappointment over the slim Bundesbank rate cut undermined the dollar yesterday and put further pressure on the French franc, already rattled by the prospect of a change of government after next week's elections. The pound, boosted by signs of economic recovery in Britain, soared on the back
        AFP  -  191 words
      • 71 7 AFP NEW YORK Ihe dollar fell against major currencies yesterday except the yen. with dealers moving into German marks in prc-weekend trading. At 9:45 am (1445 GMT) the greenback was trading at 1.6375 German marks compared with 1.6425 late Thursday and 116.01 yen from 115.95. The US currency
        AFP  -  71 words
      • Article, Illustration
        1599 7 liuJr nciithwd inJt j/i ulahxl S'ptur's H njJinr pannf «aw wii /W US$/S$ forward rates Noon Mar 19 SS Bid (MTtt I-month I 6406 ***** month I 6W I 6402 Vmonth I 6JM I 6J84 6-month 16lW I MSO .V«n< M M Source: OCBC FOREIGN CURRENCY NOTE RATES As at
        1,599 words
    • COMMODITIES & FUTURES
      • 1544 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended firmer yesterday but otT the day's highs as early session shortcovering petered out towards the close of trade. "This morning the Euros opened very much firmer when Japanese players reacted to the overnight release of the
        Reuter  -  1,544 words
      • 1020 8 COMMODITIES REPORT Tin Tin extended gains on the Kuala Lumpur Tin Market to close 13 sen higher at MS 14.49 per kg yesterday due to speculative buying interest. The firmer trend was also supported by the better performance on the London Metal
        1,020 words
      • 1846 8 Rubber Mar 19 HAS Commodity Exchange (hit arts closing as at 1pm) RAS (physkal prices) RSS 1 Contract (S cents/kg) Buyers Sellers (lose Volume Open As at 12 noon (5 cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Apr 93 135 25 I36 25N Feb 93 Mar
        1,846 words
    • REGIONAL STOCK MARKETS
      • 967 9 7.5 SHARKS ended up yesterday in what brokers termed a lifeless rally. "Prices got off to a good start because of the strong New York market overnight, hut faded. and were more or less struggling all day." one broker said. The All Ordinaries Index still ended 7.5 points higher
        967 words
      • 617 9 18.14 SHARK prices rose yesterday on market speculation that public utility Manila Electric Co will declare a stock dividend ranging from 40-60 per cent against last year's 40 per cent, brokers said. As a result, prices of Meralco B shares, which are open for purchase by Filipinos and foreigners,
        617 words
      • 398 9 +2.24 LATE institutional support and healthy foreign interest turned the stock market round from early losses to a higher close yesterday, brokers said. They expect the market to remain positive today. "Foreign buy ing of financial shares helped the market to buck up." Kim Duk-sun of Hyundai Securities said.
        398 words
      • 601 9 -74.54 STOCKS closed lower across the board yesterday after a late wave of profit-taking erased early. speculative gains, brokers said. The Weighted Index, which was more than 80 points up in early trade, slipped 74.54 points or 1.6 per cent to end at 4,589.92 in very heavy turnover of
        601 words
      • 265 9 +9.94 SHARFS staged a subdued response to sharp gains on major international equities markets to end slightly firmer on low volume yesterday. The NZSE-40 Capital Index gained 9.94 points to end at 1,590.27 but on low volume worth only NZS2I million. "There is really nothing to set the
        265 words
      • 85 9 -24.09 STOCKS drifted lower amid lack of investor support and could fall again on Monday unless financial institutions buy large quantities of shares, analysts said. They said recent bomb blasts in Bombay and Calcutta won't have a lasting impact on the markets, but foreign investors are concerned about the
        85 words
    • WORLD STOCK MARKETS
      • 717 9 +20.4 Share prices staged a spirited rally yesterday after a difficult week dominated by the UK budget statement. The FrSE 100 index nudged back above the 2.900 mark to end the day 20.4 points higher at 2,900.1. helped partly by a technical bounce associated with the expiry in the
        717 words
      • 117 9 +3.45 Shares recovered early losses during the morning in quiet trading, as the weakness of the franc sparked off speculation the franc might end up leaving the EMS. Dealers noted the presence of foreign buyers but one added that there was very little client-driven business today. The CAC-40 index
        117 words
      • 105 9 -0.75 pc Signs by the opposition Social Democrats of willingness to negotiate with the centre-right government over economic policy gave Swedish shares a slight lift towards the end of trading. The OMX-index closed 0.53 per cent down on the day at 775.71. The Top-16 fell 0.85 per cent to
        105 words
      • 169 9 +2.62 Shares ended barely changed after a cautious day dominated by the expiry of DAX index options. Operators had been hesitant over the market's direction throughout the session as the expiry of four DI B stock derivatives added an extra element of tyAfter the market had risen some nine
        169 words
      • 157 9 3.74 Shares climbed as investors reassesed Thursday's 25 ba- sis point cut in the German discount rate, traders said. After the end of trading, the Belgian Central Bank announced a cut in its own discount rate to 7 per cent from 7.25 per cent and in its day-to-day rate
        157 words
      • 147 9 1 Stocks ended mixed as Fiat rose on renewed rumours of an outside company buying a stake in the Italian car maker, traders said. The rest of the market was weighed down by political worries and disappointment the Bundesbank didn't cut more from interest rates yesterday, traders said. The
        147 words
      • 218 9 +0.80 Shares retreated from highs hit in weak test on new 12month index peak, market settling in for expiry of March options series and palely imitating London. Although undertone remained firm. some endweek temptation to take profits seen weighing on prices if New York looks soft. The EOE Index
        218 words
      • 251 9 13 Shares were firmer as easier money market rates led prices up. The All-Share SPI was up 13 points at 1.337.3. The previous day firmer close on Wall Street and the 1992 results from cement producer Holderhank also contributed to positive sentiment. dealers said. "I suppose prices will remain
        251 words
      • 307 9 +30 Gold shares ended sharply higher in busy trade yesterday in a Hurry of local and foreign interest. Dealers said top-quality golds had been targeted in a rally led by New York overnight. Little selling ahead of the weekend was seen, contrary to expectations, but some momentum was lost
        307 words
      • 336 9 18.30 Stocks were slightly firmer in the wake of falling prime rates and a higher-than-ex-pected February inflation figure. "Rising inflation means rising prices and that means better earnings." one trader said. The Bank of Montreal. Bank of Nova Scotia. Royal Bank of Canada. CIBC and Toronto-Dominion all dropped their
        336 words
      • 796 9 +38.9 Wall Street stocks took a turn to the downside in yesterday's morning trading with the Dow falling two points to 3,463 and losers beat gainers eight to seven. Computer and semiconductor stocks came under pressure and analysts said that with futures and options expirations the market was
        796 words
      • 566 9 Vienna \lar 19 w£ \k* IflH I* ll.mk \u<4iMlt*» > lf» i xitM-md*! ::n» lunptntn/l IfW* I ift/inp *~tl I olum *N» <K>4riiBiJu M* VIW(XtH l> uivti Mv\f it* 22 V I'Uxllr! 2 Hsfu Nasdaq Mar IN fsS i*«NR«tMin|E llf> \pT*t I .Mi,pulci I I.I M 41*05 I h.timing SIV*»(Vn
        566 words
    • Article, Illustration
      3050 10 Reuter Share prices closed firmer hut off their early highs after a day of quiet trading yesterday, brokers said. The blue-chip Hang Seng index finished 37.08 points higher at 6,088.34. "I think that the market will be trading within a range of 5.8(H) to 6,100 next week. The negative
      Reuter; Source: Bridge Info  -  3,050 words
    • Article, Illustration
      451 10 Reuter China's bourses in Shanghai and Shenzhen took a break yesterday from weeks of volatility with domestic A shares and foreign-held B shares ending nearly unchanged. The only market to show improvement was Shenzhen A shares. The Credit Lyonnais Shanghai A Index inched marginally higher to 2,954.53 on scant
      Reuter  -  451 words
    • Article, Illustration
      2529 10 Reuter STOCKS ended lower yesterday, giving up earlier gains on profittaking after recent rallies, brokers said. Investors adopted a cautious attitude on a strong yen, but a rate cut in Germany and expectations of more economy-boost-ing steps by the government underpinned the downside. "The Nikkei was hit by in-dex-linked
      Reuter; Source: Bridge Info  -  2,529 words
    • Article, Illustration
      1798 10 Reuter STOCKS staged a technical rebound in the last minutes of trade on continuing lowvolume as most investors refused to move off the sidelines. brokers said. The SET index rose 8.56 points to 912 with just three billion baht worth of shares traded. Ciains led losses 120 to 73.
      Reuter; Source: Bridge Info  -  1,798 words
    • Article, Illustration
      890 10 Reuter Prices mostly edged up after a dull half-day*s trading at the Jakarta stoek exehange yesterday, brokers said. "Onl\ small transaetions took plaee because a holiday mood dominated the market." one broker said. Multipolar traded 140.(KH) shares at 1.525 rupiah. up 75 rupiah. while Bank Intcrnasional Indonesia rose SO
      Reuter; Source: Bridge Info  -  890 words
    • 2671 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mulli Purjw IO.IW7.tMIO Mclr»ipk-\ Mk* Ve»" <>m> Bedford MV 2.M4WIO tkr|J>J (iriHip 2.>- T K.OOO kjmunting SV 2.SO.VOUO IjbcrCiroup 2..154.000 KcnongBhJ Sk 2 *49.000 kins H\d XV. 2.117.000 laia Rcahiivo I.4 7 VOOO l*uh Hk foreign 1.211.1100 Tronic! I
      Source: Bridge Info  -  2,671 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5196 11 Bernama BARGAIN-HUNTING alternated with bouts of profit-taking ahead of the weekend saw share prices to close narrowly mixed in subdued trading yesterday. The KLSE Composite Index dipped 3.91 points to 636.33 while the Main Board AllShare Emas index eased 0.79 of a point to 166.67.
        Bernama; Source: Bridge Info  -  5,196 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7267 12  -  By Quak Hiang Whai SINGAPORE The slock market rebound was stopped yesterday by profit-takers and rumours that Deputy Prime Minister Lee Hsien Loong's illness had taken a turn for the worse. However. BG Lee, who is undergoing treatment for cancer, looked well when
        Source: Bridge Info  -  7,267 words
      • 69 12  -  HOT STOCK Paul Leo A DAILY RSI approaching zero indicates that Wearne Brothers stock has been oversold. A small correction will, therefore, nudge it higher to $3.60. But once it reaches 53.60. the outlook is not bright. The five-day moving average line has already cut the 15-day moving
        SOURCE: BRIDGE INFO  -  69 words
  • Page 5 Advertisements
    • 348 5 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 M THE MATTER OF THE COMPANIES ACT, CAP 90 ANO M THE MATTER Of RED UON PTE LTD At an Extraordinary General Meeting of the Company held on Monday. IS March 1993 at •21 00 Alexandra Point. 438 Alexandra Road. Singapore
      348 words
    • 346 5 M THE MATTER Of THE COMPAMES ACT, CAP. 50 ANO M THE MATTER Of fAN SECURITIES PTE LTD At an Extraordinary General Meeting of the Compwiy held on Monday. 15 March 1993 at »21 00 Alexandra Point. 438 Alexandra Road. Singapore 0511 at 11 30 am the following resolutions were
      346 words
    • 348 5 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND M THE MATTER OF FRASER ft NEAVE (THAILAND) PTE LTD At an Extraordinary General Meeting of the Company held on Monday, 15 March 1993 at #21 00 Alexandra Point. 438 Alexandra Road. SmgaporeOSll at 10 30 a m., the following
      348 words
    • 385 5 IN THE MATTER OF THE COMPANIES ACT. CAP SO AND IN THE MATTER OF FRISCO RESTAURANT PTE LTO (In Members Voluntary Liquidation) At an EXTRAORDINARV GENERAL MEETING of the members of FRISCO RESTAURANT PTE LID duly convened and held at Blk 26 Kallang Place *0641. Singapore 1233 on 19th March
      385 words

  • Page 6 Advertisements
    • 182 6 INSEAD THE BEST INTERNATIONAL MBA PROGRAMME With over 40 nationalities and no one dominant national culture, INSEAD is more international than any American business school. Top INSEAD MBA employers include Alcatel, Hewlett-Packard, McKinsey, Goldman Sachs, Procter and Gamble, Siemens. Average starting salary after graduation in 1992 was US$7O,OOO. 15% of
      182 words


  • Page 8 Advertisements
    • 689 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF MALAGA PTE LTD At an Extraordinary General Meeting of the Company held on 15 March 1993 at 10 Jalan Besar, #17-01, Sim Lim Tower, Singapore 0208. the
      689 words
    • 20 8 As and when the latest I .ondon/Rotterdam prices are not available, the previous trading day's closing figures are carried instead
      20 words


  • Page 10 Advertisements
    • 88 10 Carrier's Leather Minis It is said that global market trends have always shaped the world of fashion. In the recessionary times we live in, French luxury f goods house Cartier re-establishes the return of style with their M new mini handbag. An impish object, the new Panthere handbag exemplifies the
      88 words

  • Page 11 Advertisements
    • 29 11 Del Multimedia PCs from America's third-largest IBM-compatible PC company will be equipped with Sound Blaster sound cards. Exclusive details from the US players. BusinesslT. In Business Times this Monday.
      29 words

  • Page 12 Advertisements
    • 86 12 Carrier's Leather Minis It is said that global market trends have always shaped the world of fashion. In the recessionary times we live in, French luxury goods house Cartier re-establishes the return of style with their new mini handbag. An impish object, the new Panthere handbag exemplifies the audacity and
      86 words

  • 1348 13 City FHfW ETA fhttrt ETD Umj Dfcabi GA860 0020 GA928 0305 Adelaide SQ228 2015 Amman RJ187 0135 Amsterdam SQ319 0810 SQ342 2300 K1837 1545 KL838 2350 Auckland MZ21 1700 NZ22 1825 SQ286 2045 Bahrain GF148 0850 B Seri Bcfawan B1421 1105 SQI82 0930 SQ181 1425 B1422
    1,348 words
  • SPORTS
    • 505 13 Nestle Invitational Golf AP ORLANDO, Florida John Cook, who hadn't planned to play this tournament, turned his late entry into a 69 and a share of the lead on Thursday in the wind-blown first round of the US$l million (551.64 million) Nestle Invitational. Cook
      AP  -  505 words
    • 43 13 Reuter PARIS George Waish (right) of Paris St Germaine lunging for a bouncing ball while Real Madrid goalkeeper Francisco Buyo moves in to take the ball away during a UEFA Cup quarterfinal soccer mach in Paris on Thursday. Reuter
      Reuter  -  43 words
    • SCORE CARD
      • Article, Illustration
        213 13 AFP LONDON Results in the All England Championships Thursday: Women's singles, third round: Susi Susanti (Indo) b Christine Magnusson (Swe) 11-8 12-11; Lim Xiao Qing (Swe) b Somharuthai Jaroensiri (Thai) 7-11 11-4 11-2; Tang Jiuhong (Chi) b Minarti Timur (Indo) 11-4 11-5; Fiona Smith (England) bt Tanja Berg (Denmark)
        AFP  -  213 words
      • Article, Illustration
        35 13 Reuter NEW YORK NBA results Thursday: New York 115 Cleveland 95; Charlotte 113 Minnesota 85; Boston 105 Denver 101; Seattle 131 Sacramento 111; Houston 98 Golden State 85; Miami 133 Los Angeles 117. Reuter
        Reuter  -  35 words
      • Article, Illustration
        67 13 Reuter Reuter DUNEDIN, New Zealand Australia beat New Zealand by 129 runs in the first of five 50-over. one-day internationals on Friday. Scores: Australia 258 for four (M.Taylor 78. M.Waugh 60. D.Jones 52). New Zealand 129 all out. Reuter KINGSTON, Jamaica Pakistan were 296 for four at the close
        Reuter  -  67 words
      • Article, Illustration
        45 13 Reuter NEW YORK NHL results Thursday: Pittsburgh 7 Washington 5; Detroit 5 Minnesota I; New Jersey 5 Edmonton 1; Boston 4 Ottawa I; Montreal 5 Quebec 2; Toronto 4 Tampa Bay 2; LA Kings 7 NY Islanders 4; Winnipeg 5 Vancouver 2. Reuter
        Reuter  -  45 words
      • Article, Illustration
        115 13 Reuter AFP ORLANDO, Florida Leading first-round scores at the Nestle Invitational Thursday (L'SA unless stated): 69 Rick Fchr 38-31. John Cook 35-34. Michael Allen 36-33 70 Fulton Allcm (SA) 36-34. Jay Delsing 34-36. Curtis Strange 36-34. Dan Pohl 34-36. Vijay Singh (Fiji) 35-35. Brad Bryant 36-34 AFP VIIAMOURA, Portugal
        Reuter; AFP  -  115 words
      • Article, Illustration
        150 13 AFP AFP SYDNEY How Brazil and Ghana reached the final of the 7th world youth football championship to be played here Saturday: BRAZIL Group matches: drew Saudi Arabia 0-0; b Mexico 2-1, b Norway 2-0. Quarter-final: b USA 3-0. Semi-final: b Australia 2-0. Total goals: 9-1. GHANA Group matches:
        AFP  -  150 words
      • Article, Illustration
        61 13 Reuter VALE DO LOBO, Portugal Quarter-final results of the Portuguese Open Thursday (prefix number denotes seeding): 2-Peter Marshall (Eng) b Stephen Meads (Eng) 15-7 15-4 15-6; 3-Ross Norman (NZ) b Anthony Hill (Aus) 10-15 15-13 15-8 15-5; 1-Jansher Khan (Pak) b Craig Van Dcr Wath (SA) 15-9 14-15 15-3
        Reuter  -  61 words
      • Article, Illustration
        182 13 AFP KEY BISCAYNK, Florida Results here on Thursday in the LSSI.6S million dollar Lipton Championships (x denotes seeded player, US unless stated): Men's singles. 3rd round Jim Courier (xl) b Mikael Pcrnfors (Swe) 6-0. 6-3. 4th round Stefan Edberg (Swe x 3) b Guy Forget (Fra xl 3) 6-2.
        AFP  -  182 words
    • 264 13 AFP LONDON Malaysian veteran Foo Kok Keong struck a sensational blow for badminton's old guard here on Thursday by removing both the Olympic and defending men's singles champions from the All England Open. The 30-year-old public relations officer from Kuala Lumpur wrote his own headlines with
      AFP  -  264 words
    • SIDE LINES
      • 113 13 AFP DUNEDIN, New Zealand Australia comprehensively defeated New Zealand by 129 runs in the first of five one day intcrnationico r C 11 r a y- Australia, put into bat by New Zealand, scored 258 for four. Their top scorer was Mark Taylor with
        AFP  -  113 words
      • Article, Illustration
        44 13 Reuter DONINGTON PARK. England Photographers crowding around Max Turner in his Supercharged Austin Seven during a photo call to promote the European Grand Prix to be held on April 11. Turner's car won the first-ever car race at Donington Park in 1933. Reuter
        Reuter  -  44 words
      • 73 13 AP OSAKA. Japan New yokozuna (grand champion) Akebono was twisted to the ground yesterday, leaving komusnbi (junior champion second class) Wakahanada in the sole lead of the 15-day Spring Grand Sumo Tournament. Akebono fell to a three-way tie for second place at 5-1 with Wakahanada's
        AP  -  73 words
      • 111 13 AP VILAMOURA, Portugal Jorge Berendt of Argentina birdied six of his first nine holes on Thursday and shot a 9-under-par 63 to take a one-stroke lead after the first round of the Portuguese Open. Jesper Parnevik of Sweden nearly matched Berendt with an unblemished 64 over
        AP  -  111 words
    • 513 13 Reuter LONDON "We will be looking," intoned chief England cricket selector Ted Dexter, "at the whole question of facial hair." As a response to England's most disastrous tour of all time, Dexter's comment may rank as the sport's greatest non sequitur. And it
      Reuter  -  513 words
    • 726 14  -  Robert Lipsyte urges a rethink of values vis-a-vis young athletic stars in the light of the Glen Ridge case Robert Lipsyte NYT THE March Madness is upon us. when the boys who will be boys are beloved beyond all reason. What better time to say
      NYT  -  726 words
    • 82 14 Australian IndyCar Grand Prix AFP SURFERS PARADISE, Australia Nigel Mansell had a brilliant start to his new career as an IndyCar driver, topping the first qualifying session of the season opener here yesterday. Mansell's best lap of the 2.795-mile circuit took him around at 102.095 mph, beating
      AFP  -  82 words
    • 46 14 Reuter SURFERS PARADISE, Australia Hiro Matsushita of Japan being pushed from the pit before his first practice session on Thursday for the Australian IndyCar Grand Prix. Matsushita, the first Japanese to enter IndyCar racing, averaged 95.885 mph on the street circuit. Reuter
      Reuter  -  46 words
  • Page 13 Advertisements
    • 41 13 Fly Finnair's new Business Class to Europe. Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
      41 words

  • SHIPS IN PORT
    • 544 14 Vessel Voy No Berth Arrival Departue Vessel Voy No Berth Arrival Departue Jurong Port Asean Trader 26 P03 19 03/2200 21 03/0700 Creator 9301 J6 alongside 2003/0600 B*ashan I ****** P01A 19 03/1000 19 03/1400 Hye Prosperity 30/93 alongside 20.03/1300 Cattex 19/03* P01A 19 03/1100 19 03/1900
      544 words
    • 2249 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Sfo Voy Hp Contain avdabte S» Voy No Contanm avafaMe CY Chance EF315 18 03 93 0/00 HI Osaka 004£ COO(EST) *****3 0700 Manna Mas 9357NB *****3 0700 Ram Brefee ME COO(EST) *****3 1500 Ned Mam 2106 18.0393 0743 Sum Bay
      2,249 words
  • Page 14 Advertisements
  • Page 14 Miscellaneous
    • 375 14 CRYPTIC CROSSWORD mere ii 14 Against said girl taking the ,U, U, LJ,U. down > ead (3) ftruiTis^™scnißT lln the hollow, a pit in which '6 Arouse interest in the plot lumbWoMtpbhmoUmWh to find a deer (6) c n L R N RJ I a E B T ta' l^]
      375 words

  • WORLD FOCUS
    • 669 15 AFP PARIS France's two environmentalist parties, new kids on the political block, look headed for an unprecedented victory but also certain disappointment in legislative elections on March 21, analysts say, basing themselves on opinion surveys. The ecologists. seen as part of the crackpot fringe when
      AFP  -  669 words
    • 1062 15  -  Run-up to the French election From Neville Stack in LONDON EVERY so often, the French like to have a revolution. And this time, though the heads will roll only figuratively, the people's decision will be as positive as on the
      1,062 words
  • Page 15 Advertisements
    • 113 15 The Best from Bandung 15 March to 31 March Two chefs from Bandung will prepare a culinary feast of delicious West Javanese cuisine. Come and savour Ayam Panggang Pedis, Udang Sambal, Sayor Lodeh, Pepes Ikan Mas and a fabulous spread of Kueh Mueh and other Indonesian desserts that are oh-so
      113 words
    • 58 15 B US IN F, S S TIM F. S TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 GOT THE "TOO MUCH STUFF" BLUES? Sounds like it's time for a garage sale. Turn your unwanted items into fast cash through The Straits Times Classified. Call 737-1166. 737-1166 RECRUIT QUALIFIED CANDIDATES TUDIUIPU 111(
      58 words
    • 377 15 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER Of PACNORSE SHIPPING SEVEN PTE. LTD. (In Men<xn' Voluntary Uqutdaflon) NOTICE OF RESOLUTIONS Alan ExtraordmanrGeneral Meeting of the members of the abovenamed Company duly convened and held at ?68 Orchard Road *03-03 Yen Sen Build ng Singapore
      377 words
    • 293 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND M THE MATTER OF TOWER COMPUTER SYSTEMS PTE LTD At an Extraordinary General Meeting of the Company held on 15 March 1993 at 10 Jalan Besar *17-01. Sim Lim Tower Singapore 0206. the following resolutions were passed SPECIAL RESOLUTION WINDING
      293 words
    • 285 15 IN THE MATTER Of THE COMPANIES ACT. CAP 50 ANO IN THE MATTER OF SIM LIM ENGINEERING (PTE) LTD At an Extraordinary General Meeting of me Company held on 15 March 1993 at 10 Jalan Besar. 17-01, S'tn Lim Tower, Singapore 0206. the following resolutions were passed SPECIAL RESOLUTION WINDING-UP
      285 words
    • 369 15 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE ORIGINATING PETITION NO. 10 OF 1993 IN THE MATTER OF ENVI HOLDINGS PTE LTD AND IN THE MATTER OF SECTION 73 OF THE COMPANIES ACT, CAP. 50 NOTICE TO CREDITORS NOTICE is hereby given that a Petition lor the confirmation of
      369 words

  • 655 16 US President makes prediction after meeting EC's Delors Reuter WASHINGTON Shunting aside a bitter new tit-for-tat over trade. President Bill Clinton said on Thursday that he sees no chance of a transAtlantic trade war. Mr Clinton made the prediction during his first meeting with
    Reuter  -  655 words
  • 45 16 Reuter PETROPAVLOVSK-KAMCHATSKY, Russia Steam venting from an active volcano on the Kamchatka peninsula. Volcanic research in Kamchatka, one of the world's most active volcanic zones, has fallen on hard times, with lack of funding and communications hampering experts. Reuter
    Reuter  -  45 words
  • 317 16 Reuter CALCUTTA A bomb exploded in a crowded railway station in Calcutta yesterday, killing one person and wounding at least 12 in the latest of a number of blasts in India. Senior police officer DN Biswas quoted eyewitnesses as saying the person killed was
    Reuter  -  317 words
  • 498 16 Russian President's aides start work on plans for plebiscite AP, Reuter, AFP MOSCOW Boris Yeltsin met with political groups yesterday to shore up his dwindling authority, while his chief rival began a trip to former Soviet republics in a reported effort to
    AP,; Reuter,; AFP  -  498 words
  • 371 16 Reuter, AFP, AP SEOUL South Korea, hoping lo reduce nuclcar tensions with North Korea, yesterday repatriated an ailing Korean War partisan to a hero's homecoming by the North's Stalinist leadership. Li In Mo, called a war correspondent by North Korea
    Reuter,; AFP,; AP  -  371 words
  • 354 16 AFP WARSAW The Polish Parliament's surprise defeat of a privatisation Bill has highlighted a potentially damaging split in the government coalition and raised questions about the future of economic reform, analysts said yesterday. Eleven members of the National Christian Party defected on
    AFP  -  354 words
  • 369 16 Bloomberg Business News TAIPEI Taiwan has halted payments for the purchase of 150 F-16 jet fighters worth US$5.B billion (559.5 billion) from the US because the two sides have failed to reach a production and technologysharing agreement sought by Taiwan, a ruling
    Bloomberg Business News  -  369 words
  • Page 16 Advertisements
    • 5 16 5 Monday in Business Times
      5 words
    • 210 16 Monday in Business Times BU S I NESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 ADVERTISING y, PROMOTIONS (SKJ EXECUTIVE yOUng Times Periodicals Pic Ltd, a subsidiary company of CA M ll| CO Singapore Press Holdings Ltd, is the publisher of popular FIIWI I LI W magazines like HER
      210 words

  • Executive Lifestyle
    • 1566 17  -  Nirmal Ghosh takes a look at the facilities, privileges and services available only to the very, very rich Nirmal Ghosh HAVE YOU forgotten the tune of If I Were A Rich Man? Do you check into the top floor suites of the world's best hotels?
      1,566 words
    • STRAWS IN THE WIND
      • 69 17 EASY come, easy go. but not without profit, where some people are concerned. Remember the reports about people queueing up overnight to buy the Azalea Park apartments? One of them must have been successful for an ad in yesterday's classifieds said: "Queued overnight to get this beautiful three-bedroom
        69 words
      • 70 17 HERE'S the history of Columbus in a nutshell: he didn't know where he was going, didn't know where he was when he got there, and didn't know where he had been when he returned. Yet another version says he must have been an economist he didn't know where
        70 words
      • 76 17 A COLLEAGUE who had dinner at a local ribs joint got more than he expected when he took a mouthful of the house salad and felt his teeth come down on something hard and crunchy. When he retrieved it. he found it was a piece of glass. The
        76 words
    • OPINIONS
      • 830 18  -  Nirmal Ghosh examines the findings of a report detailing the growing success of family planning programmes in Indonesia and Bangladesh Nirmal Ghosh The writer is a BT journalist POLITICAL will the lack of which has stymied the population control programmes of so many
        830 words
      • 1104 18  -  Despite English being spoken so variedly today, Neville Stack believes Received Pronunciation will remain as the voice of elegance and subtlety Neville Stack The writer is a VK-based journalist who contributed this comment to BT TIME was when a genuine English toff could be identified by
        1,104 words
    • PROFILE
      • 2676 19  -  As Nigel Mansell gets ready to drive in his first Inay car race in Australia this weekend, Robin Morgan reveals the inside story of the tactical blunder that provoked the Formula One ace into joining the rival US car circuit Robin Morgan The Sunday Times Magazine
        The Sunday Times Magazine  -  2,676 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 58 20 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities, Crosby Securities, Daiwa Seam ties Singapore, DBS Asset Management, Kay Hian James Capel, Kim Eng Securities, Peregrine Securities, Phillip Securities, OCBC Securities, Ong Co. Pat Lee Securities, COB Securities
          58 words
        • 64 20 Malaysian Resources Corporation Bhd (MRCB) may have found its cash cow. Having acquired the New Straits Times and TV3 at a substantial premium, MRCB has been hard pressed to find a source of income big enough to make a dent in its debt. It seems that a cash
          64 words
        • 138 20 Ong Co (March 18) Genting. Buy at current level. Better than expected results with strong earnings forecast for 1994 and 1995. Intraco. Buy at market. Position for strong half-year earnings report. Resorts World. Buy at market. Better than expected results. Phillip Securities (March 19) Cima. Buy at current level.
          138 words
        • 176 20 PI GK Goh Ometraco Since our last comment on Feb 17, the Jakarta Composite Index has put on a mild 3.6 per cent. In reality, many smaller stocks performed significantly better than the index, particularly the banks and the consumer sector. There has been a
          176 words
        • 271 20  -  Mr B P Gupta Manager Chief Actuary Asia Life Assurance Society Ltd The company operates in Singapore. Malaysia and Brunei. Total assets are ***** million and annual premiums amount to SsBo million. A Mowing CPF savings to be used ■L 1l to pay life insurance premiums for
          271 words
      • 687 20 Quak Hiang Whai speaks to a financial guru from Australia DAVID Bowden is known as the six-million-dollar-man in Australia, a nod to what he made after accurately predicting the top of the Australian stock market in 1989 and its subsequent bottom in 1991. The 49-year-old
        687 words
      • 1702 20  -  STOCK Agnes Chen examines the potential of construction company Pilecon Engineering Bhd Agnes Chen ROADS, water and electricity Malaysia's fastgrowing economy needs them badly. And a company which wins the right to supply the extra kilometres of road, gallons of water or kilowatts of power,
        1,702 words
      • 82 20  -  Paul Leo Pilecon Engineering this month broke through its previous high of M 53.58 which was achieved in mid-1990. The upside, however, is limited. At Wednesday's dose of M 53.66, it is unlikely to go beyond M 54.70. A monthly RSI above 75 and approaching 100 indicates that
        82 words
      • 1208 21  -  Amy Balan tells you what to look out for when buying foreign property Amy Balan LOOKING at property as an investment? Then you must consider foreign properties. Thanks to a combination of factors, you may possibly be looking at the bargain of a lifetime. The
        1,208 words
      • 712 21  -  Chew Eng Han on prospects for the Malaysian currency Chew Eng Han The writer is assistant manager of investments at NTI C Income WITH falling interest rates in the local interbank market, depositors look destined to live with miserably low yields for a long while.
        712 words
      • 270 21  -  Spotlight currency By Paul Leo FLEEING the Exchange Rate Mechanism in September, the British pound tumbled from £3.20 in September to a low of £2.34. Now. a mild recovery is in sight. Chancellor of the Exchequer Norman Lamont has said that his budget
        Source: TeleTrac  -  270 words
    • 723 22  -  Cinema Review By JAIME EE AL PACINO is a great actor. He was brilliant in Scarface. excellent in Serpico and unrivalled in the Godfather series. The greatest injustice done to him in 1990 was when he was not nominated in the Best Actor category in the 1990
      723 words
    • 583 22  -  By NIRMAL GHOSH FRANCIS Ford Coppola, for whom the conventional cinema screen seems too limiting, pushes its boundaries a bit further in Bram Stoker's Dracula. The film is a dramatic, menacing tour deforce, lightened at rare but crucial moments by touches of humour which provide classic
      583 words
    • 987 22  -  Mark Graham meets John Grant, fifth generation distiller of Scotland's family-run Glenfarclas malt whiskv firm J Mark Graham Mark Graham is a Hongkong-based writer who contributed this article to Executive Lifestyle WHISKY is in John Grants blood, coursing lull-strength through his lineage.
      987 words
    • 675 22  -  Cineaia Review By SUSAN TSANG THE DANGER of taking a classic book and turning it into a movie is that often, instead of a classic film, one gets a piece of uninspiring celluloid. Strangely, this rule ceases to apply with Of Mice and Men by Nobel
      675 words
    • 524 23  -  Art Review By SUSAN TSANG AN EXHIBII lON which has just opened at the National Museum gives Singaporeans an opportunity to learn more about the Malay aspect of their island's cultural links. The exhibition. Kcra/aan Dan Kcrkavaan: Culture and Trade in the Old Malay World.
      Photos by Chris Loh  -  524 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • 112 24 Men's Fitness THE BEST WAY to feed your body is also the best way to feed your brain: on a low-fat. high-carbohydrate diet. Any repast that over-burdens the stomach is likely to deflate mental acuity and energy, experts say. Fat-laden meals are the worst, since
          Men's Fitness  -  112 words
        • 148 24 NYT A NEW CLASS of sunglasses that blocks out 99 per cent of harmful ultraviolet-B rays may soon be available. Experts say that between 18 and 25 per cent of cataract cases are caused by excessive lifetime UVB exposure and that 80 per
          NYT  -  148 words
        • 114 24 Good Health SMOKED FOODS, whether it is salmon, bacon or barbecued meats, should, in theory, be bad for you. The reason is that they contain nitrosamines, substances which encourage cancer of the stomach. However, the link has not been proven and people who indulge
          Good Health  -  114 words
        • 80 24 Men's Fitness TOOTHBRUSHES are the very breeding grounds for bacteria that cause the very things they are meant to forestall: cavities and gum disease. Rinsing your toothbrush properly will not thoroughly remove the germs, though changing to a new one regularly might help. However, health
          Men's Fitness  -  80 words
        • 107 24 AP STUDENTS WHO BEGIN smoking before the age of 12 are more likely to become regular and heavy smokers, according to a survey in Chicago. The survey found that 42 per cent of those who began to smoke at 12 or younger became heavy smokers,
          AP  -  107 words
      • 1095 24  -  Getting yourself a personal trainer might just be the best thing to help you to get into shape, writes Rachel Williams Rachel Williams Rachel Williams is a personal trainer and former bodybuilder. She contributed this article to BT. YOU'VE been working like a maniac all your life
        1,095 words
    • PEOPLE
      • 209 24 LEADING Chinese businessmen in Singapore and some foreign dignitaries gathered at the premises of the Singapore Chinese Chamber of Commerce and Industry at Hill Street on Monday to witness the installation of the chamber's 47th Council. The new council, under its president Mr
        209 words
      • Article, Illustration
        172 24 PEOPLE come and people go. and for Mr Arthur Pappas. managing director of Glaxo Holdings pic, it was time to leave the fishhead curry in sunny Singapore and head back home to the land of apple pics and hot fudge sundaes. Friends and associates of Glaxo companies
        Photos by Arthur Lee and Chris Loh  -  172 words
    • TIME OFF
      • 843 25  -  One is afraid of an overly ethnic image, while another is trying to go upmarket. But both feel they need the same thing the Orchard Road crowd. Shahiron Sahari checks out two nightspots on Havelock Road Shahiron Sahari RIGHT in the heart of
        843 words
      • 733 25 THERE was a mighty long queue of taxis last Wednesday night (early Thursday morning to most) along Havelock Koad. waiting to pick up people who'd been partying on and found it too exeellent to leave. Surprisingly though, the cabs weren't waiting for patrons
        733 words
      • 495 25 Grease Nominated for seven Tony Awards, this widely-acclaimed hit has a set of Fifties youngsters oozing hair grease and sporting sideburns. Meanwhile, they sing of the love between Danny and Sandy, the characters John Travolta and Olivia Newton-John made famous. Last day today at the Kallang Theatre. Tickets for
        495 words
      • 184 25 Elton John's The One The concert tours in Europe and America were raving successes and the man who gave us "Daniel" and "The Last Song" will now thrill Singaporean audiences. With elaborate lighting, staging and costumes, this promises to be a treat. At the Singapore Indoor Stadium, on March
        184 words
      • 96 25 The First Emperor of China Building the Great Wall of China destines you for history's scrutiny and Qin Shihuang experiences it all in this Omni-max movie. Both informative and entertaining, this provides an excellent means of studying Chinese history. On at the Singapore Si lence Centre s Omni Theatre.
        96 words
      • 626 25 A Soldier Remembers When the war was still on and Sentosa was still termed Blakang Mati. a solider took photographs which recorded every aspect of life on the island. Find out about delousing bedding and daily parades under a blazing sun. On at Tort Siloso. Scntosa Island
        626 words
      • 259 25 Singapore International Film Festival Postal bookings are now available for the festival which begins on April 16. Write to: Singapore International Film Festival, c/o Ticketcharge. 20 Rallang Avenue. Singapore 1233. From March 29. tickets will be available at Ticketcharge counters at all Metro stores. Wisma Atria.
        259 words
    • EPICURE
      • 795 26  -  Supermarkets are getting more ethnic in their product variety. Dawn Tan checks out the trend Dawn Tan HAIL to the consumer. For the markets they are a-changing. Wet markets are getting dryer and supermarkets are getting more ethnic in their product variety. Pretty soon, the only
        795 words
      • 542 26  -  Bon Appetit By JAIME EE IT WAS one of those things. We had heard so much about the old Ming's Cafe in Thomson Road about how its Feranakan food was so good, everyone from neighbourhood families to Cabinet ministers would head for its humble
        542 words
      • 592 26  -  By NIRMAL GHOSH THE HILTON's Harbour Grill definitely scores on functional simplicity that also manages to be airy and elegant. It helps, of course, if you sit in the semi-private room adjoining the main restaurant: pleasant brick walls and very colonial shutters, together with
        592 words
      • 542 26  -  Wine By N K YONG THERE is a group within the younger (and not-so-young) generation of wine growers and makers in Burgundy who are creating a quiet revolution in Burgundy. This group, nicknamed The Young Tigers, has undoubtedly been a major driving force in the impressive
        542 words
    • Article, Illustration
      1065 28 A Few Good Men. Egged on by an earnest Demi Moore, unambitious navy lawyer Tom Cruise defends two marines for murder. He also confronts acerbic base commander Jack Nicholson in a climactic courtroom scene. Oscar nominations for Best Picture and Supporting Actor (Nicholson). Yishun 10: 4; 6.45 A River
      1,065 words
  • Page 17 Advertisements
    • 24 17 [wmmmmmmmmmmmmmm EXPRESS SHARE LOAN The way of turning shares into /A* OMQ LBONQ PMAMCE LJMTCO tMQAPOWFMANCE UMTED > *****33 *****33 \®BjSJ p gerald genta Z^/
      24 words

  • Page 18 Advertisements
    • 724 18 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 (gffraa HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1992 The Board of Directors of Harimau Investments Limited wishes to announce the audited results of the Group and the Company for the year ended
      724 words
  • Page 18 Miscellaneous
    • 86 18 /l.vv=\T onl (Pes< n if football &h phone.... (.&WCTH—?) tvve POf\K£ ASSOCIATED NEWSPAPERS DOONESBURY GARRY TRUDEAU weu.see? you actvalvy.mppyhas x m HSY.IOOKUJHOSUP' I VERB JUST HAVING ALL THE TIME'. IN FACT, PAPPY YOU'RE YES I AM* F£EU HO BETTER GUESS A BAP PRY YESTER- HASN7 HAP A GOOP PAY NOT
      86 words

  • Page 19 Advertisements
    • 33 19 PRESENTS W^r V; J L y ISI k 1 Venue ssot^mSsSfiSP^HlßMlß Tickets 6784) Forum The Shopping Ce r, Concert Hall. Scotts i wSkdoDing WZcfEromenade JBIMI «HHn H Wrm Official Hotel MARINA An Production
      33 words


  • Page 21 Advertisements
    • 689 21 I SINGAPORE COMPUTER SYSTEMS LIMITED 1 (Incorporated in the Republic of Singapore) The Board of Directors of Singapore Computer Systems Limited announces the audited results for the year ended 31 December 1992: THE GROUP —THE COMPANY—► Latest Previous Latest Previous Year Year +or Year Year orTo 31/12/92 To 31/12/91 To
      689 words


  • Page 23 Advertisements
    • 145 23 FOR MORE THAN 2000 YEARS, BEEN SEARCHING FOR THE PERFECT LIVE EXPERIENCE. BANG BRINGS IT YOUR LmNG ROOM^ -> IHI Beosystem AV 9000 Surround Sound is as old as entertainment itself. But our new fully AV integrated entertainment system delivers an almost supernatural experience tnat adds a new dimension to
      145 words



  • Page 26 Advertisements
    • 128 26 KINTA'M ANI i\ po \p si v. kr s; y k \vr l D TH\ TT y H H H UJ \J 1 I ±J A 25 Feb to 25 March 93 A.fter a day of tasting during Ramadan, come and refresh yourself at Kintamani's Indonesian-stvle Ramadan Buffet. Our chefs
      128 words
    • 81 26 Club Barbecue Buffet Bagg Rat as much as you can every F-riday Saturday BElUlmlifinß^S at the Poolside Tee-Off Cafe H ly||nUl[pßJ between 6.30pm to lo.oopm U 8 Child B.CX) (child IxMow 12 yrs <>kI)jLJ J I-"or reservations. pleas*' call Tee-()ff Cafe MbU J I at 322 4221/3 (I >irtx I)
      81 words

  • Page 27 Advertisements
    • 754 27 Nothing Beats A Bud. OK Alan Ng. food writer of Lianhe Zaobao. It's a high tea of distinct difference from those we had tried locally Why go Penang? Princess Terrace Cafe introduces Penang High Tea with favourites like Penang Laksa. Fried Kway Teow, Bubur Hitam. Ang Ku Kueh and more.
      754 words
    • 383 27 WHERE TO WINE, DINE AND ENTERTAIN Make Up For Every Meal You've Had To Skip This Week W 9 If you've been living on a solid diet of work-and-not-much-else lately, give yourself a well-earned rest and head for the PI a/a Hotel's Seafood-Theatre Restaurant this weekend. Select any item from
      383 words
    • 328 27 MHMHL JKI —I 1 I m iL M iM V WET. fl^H I" or only S3o»* per person. Come and taste the difference at The Stables! Available every day of the week except Sundays and Public Holidays. Luncb: 12 noon 2.30 pm For reservations, please call *****51. /K*/"/tfr</> S itttawM-r'
      328 words

  • Page 28 Miscellaneous
    • 2186 28 TODAY'S TV am* Close. |Mpjrr~ *»»M J 12 30 RM N< Ed <M tiwal ff--0- Cegah Jenayah, Wonders In China, Sam, SBCB SBCS Hp 1.00 AngkasaBorrowing from loan sharks play by the Shaolin disciples, a 9.00 AM Opening followed by J'ta was never a good idea and look at the
      2,186 words
    • 284 28 Radio Short Story, BBC, Saturday, able life with her jolly if some-9-30am what overpowering mother MM M Mahroofs story Fish- Dame Kitty and her daughter erman's Luck is set on a Sri Sasha in Dame Kittys palatial Lankan beach. A poor couple country house. But a tragic are proud of
      284 words