The Business Times, 17 April 1993
1993-04-17
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The Business Times
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Title Section14 1993-04-17 1 Business Times MITA (P) 552/12/92 Weekend Edition, April 17-18 1993 WE KNOW ASIA 75*14 words
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448 1993-04-17 1 Alvin Tay, Magdalene Ng - By Alvin Tay, Magdalene Ng SINGAPORE About two dozen locally-incorporated companies arc cashing in on the stock market's bull run and historically low interest rates to raise nearly $1.5 billion from the equity and debt markets so far448 words
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Article, Illustration225 1993-04-17 1 Bernama MALACCA Malaysian Prime Minister Dr Mahathir Mohamad (above) yesterday reminded investors not to be swayed by speculation that several "companies connected to Umno" will get certain projects in the run-up to the party's general assembly in November and buy the shares inBernama - 225 words
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Article, Illustration354 1993-04-17 1 R Sivanithy - By R Sivanithy SINGAPORE April will be remembered not only for the Straits Times Industrials Index's record-smashing performance, but will also go down in stock market history for breaking the monthly volume record. With two weeks still to go, turnover on theSource: Stock Excharge of Singapore - 354 words
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198 1993-04-17 1 Reuter NEW YORK American top executives, criticised for their fat salaries and lavish perks, earned more money than ever last year despite a stagnant US economy, said a survey released on Thursday. The findings in the April 19 issue of Business Week magazineReuter - 198 words
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Article, Illustration569 1993-04-17 1 Genevieve Cua - By Genevieve Cua SINGAPORE Causeway Investment, a smallish industrial gas and welding equipment supplier, has forged a deal which would make Hongkong-listed China Strategic Investment its single largest shareholder. China Strategic is the Hongkong-listed flagship company of Singapore businessman Oei569 words
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424 1993-04-17 1 AFP, Reuter BANGKOK A plan to launch a major cleanup at the Stock Exchange of Thailand (SET) was abruptly brought to an end here yesterday following what appeared to be heavy political pressure. Officials at the Securities and Exchange CommissionAFP,; Reuter - 424 words
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2am LATEST
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85 1993-04-17 1 Reuter MINSK, Belarus Leaders of the Commonwealth of Independent States set aside their internal differences yesterday to back President Boris Yeltsin ahead of a key April 25 referendum. "We fully support what is being done under the leadership of President Yeltsin. I declareReuter - 85 words
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66 1993-04-17 1 AP UNITED NATIONS Officials here announced yesterday that UN troops from Canada are preparing to enter the embattled Muslim town of Srebrenica today, with Bosnian Serb agreement, to help with humanitarian aid. UN officials have said they arc preparing to evacuate at leastAP - 66 words
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67 1993-04-17 1 AP JERUSALEM Israeli Prime Minister Yitzhak Rabin is willing to offer Palestinians legislative powers in exchange for some flexibility in the peace talks due to reopen next week, Israel army radio reported yesterday. Officials in Mr Rabin's office, however, refused to comment on whatAP - 67 words
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Article, Illustration113 1993-04-17 1 Stock market indices Friday CfcM«t SI II 1.763.35 +31.95 KLSE Composite 662.02 1.29 Nikkei 20.297.86 -377.98 Hang Seng 6.697.15 -34.89 SEI Index 888 96 +14 41 Jakarta Composite .308.68 +0.01 CLSA China B 1.363.02 -1.54 Aust All Ord 1,703.2 -0.9 FTSE 100 2.824.4 -15.3 Friday PrerioM llan do* Dow Jones113 words
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Page 1 Advertisements
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Advertisement47 1993-04-17 1 I Conversations at Raffles 1 1 Lee Tsao Yuan, I Harvard-trained A economist el 3 Hock Lock Siew: Is this the bull run of all bull runs? Pg 5 Blue chips get in on the rush EL 4 Is the Singapore market losing its momentum? KL 447 words
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Advertisement14 1993-04-17 1 COE prices for May Increases across the board Pg 2 Full reports, Pg 514 words
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Advertisement304 1993-04-17 1 Stock Watch pj 1 IPC: What's beyond els One of the great designs of this century And probably the next. Httfe m' A The Royal Oak. hand-made and induiduaJJy numbered uith ultra thin quartz movement, water-resistant to 5 atm 8A5617S 789 The Royal Oak is instantly Decisive, individual, agerecognized by304 words
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Advertisement7 1993-04-17 1 \-futures trading IjtfMSC/ HK Index el s7 words
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Advertisement56 1993-04-17 1 Restoration Mending your broken art el 6,7 nsaH I CONTENTS 1 NMM CMPNIH S port dm 2 Spore*sa VS tefion* tews 1 Fawcal 1 WorM teas 4 g—' Q4-J Gto/RLSL SfS 11.12 Qpm £12 tepowji J Sports 1114 TV/Utestyte ttl2 Crnmcm 1 tepoial Focus lb Sane Commo —1% irtiiiipiiinTii imrrn56 words
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SINGAPORE NEWS
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Article, Illustration413 1993-04-17 2 Anna Teo - By Anna Teo AS A near-developed country, Singapore must now fulfil its growing international obligations and help others. Prime Minister Goh Chok Tong said last night. Extending help and goodwill to other countries would also be supportive413 words
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581 1993-04-17 2 Rahita Elias - < Premiums for goods vehicles, buses soar 26pc By Rahita Elias PRICES for certificates of entitlement (COE) have continued to rise strongly for nearly aD categories. 7.* Premiums for goods vehicles and buses posted the largest overall increase in the Vay tender,581 words
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328 1993-04-17 2 A J Leow - Area Licensing Scheme By A J Leow SHOPS in the Orchard Road belt expect a drop in business when the full-day Area Licensing Scheme is launched next year. A spokeswoman for Yaohan said yesterday the scheme would further squeeze retailers,328 words
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440 1993-04-17 2 SINGAPORE The Registry of Vehicles could rake in an extra 542 million a year from the extension of the Area Licensing Scheme (ALS) to include off-peak hours. This amount was calculated based on traffic volume estimates disclosed by the ROV at a440 words
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Article, Illustration132 1993-04-17 2 r WAS full house again at the DBS Bank auditorium last night for both sessions of an investment talk. The talk was aimed at educating first-time investors on how to use CPF funds for investment in stocks and shares on the Singapore Stock Exchange.132 words
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Article, Illustration297 1993-04-17 2 DISK-DRIVh MAKER Quantum is expanding its distribution channels, sales offices and production lines in the AsiaPacific. And the growth will he overseen hy its new Singapore headquarters, which opened yesterday. Quantum says the new headquarters will enable it to better serve multinational297 words
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Page 2 Advertisements
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Advertisement121 1993-04-17 2 Banking, BBBH insura Banking, :-~M| I IM Insurance Banking, FirK? 1110 Insurance nilftcTWltc! Insurance since r l*iance and insurance MA wee and insurance md Insurance insurance &*s BanKift|| **f n^s? <f\., •••<<* I'lsiirdriC* 1993 marks the 25th anniversary of the establishment of the Asian dollar market. It is a time121 words
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THE REGION
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523 1993-04-17 3 Catherine Ong - From Catherine Ong in HONGKONG STAKING its position ahead of next week's Sino-British talks, a Chinese official has warned that Beijing would not concede its right to decide which of Hongkong's legislators can stay on in the 1997 legislature.523 words
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249 1993-04-17 3 Al Labita - From Al Labita in MANILA THE Philippines has lifted restrictions on domestic borrowings of foreign businessmen as part of a financial deregulation plan. Trade and Industry Secretary Rizalino Navarro said on Thursday that the move was in line with the government's thrust249 words
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Article, Illustration437 1993-04-17 3 Khieu Samphan says group's pullout due to 'unfair' elections organised by Untac AFP BANGKOK The leader of the radical Khmer Rouge has launched a scathing attack on the United Nations peacekeeping force in Cambodia, saying that his delegation had withdrawn from Phnom Penh becauseAFP - 437 words
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306 1993-04-17 3 Reuter WASHINGTON A possible move by President Bill Clinton to bury the hatehet with Vietnam has been put on hold, but the delay may be brief if Hanoi gives satisfactory answers to a US envoy this weekend. The freezeReuter - 306 words
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475 1993-04-17 3 IHT SINGAPORE After discouraging Japan for many years from playing an active role in regional security, countries in Asia have recently started to work closely with Tokyo to shape a post-Cold War order for the area. Asian officials say the aimIHT - 475 words
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466 1993-04-17 3 Reuter BEIJING China, fighting for control as the economy races ahead, faces a critical period of adjustment over the next few months if it is to prevent another round of dangerous overheating. In a sign of official alarm, the Cabinet yesterday ordered aReuter - 466 words
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387 1993-04-17 3 Reuter BANGKOK Thailand yesterday took the first step towards upgrading its national rail network into a high-speed system as part of an effort to modernise its transportation. The government signed a 25 million baht (S$ 1.63 million) contract under which a consortium of Thai,Reuter - 387 words
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ASIA NOTES
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Article80 1993-04-17 3 AFP LONDON The Chinese province of Guangdong, which has a dynamic economy, is to raise US$l5O million (***** million) for five years on the Eurobond market within the next few days. The Union of Swiss Banks, which is the lead manager, said yesterday that the issueAFP - 80 words
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99 1993-04-17 3 AFP BEIJING China is to boost its offshore production of gas and oil and to open up three new oil fields this year. The Xinhua news agency said yesterday that eight other gas and oil fields are expected to begin production by 1996. TheAFP - 99 words
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78 1993-04-17 3 AFP JAKARTA Indonesian authorities have banned five religious books because they may threaten religious harmony. The attor-ney-general's office said yesterday that the Malaysian books were The Prayers of Muhammad's Followers, a Darul Arquam Textbook, and Be Careful When Making Accusations, Effective Prayers, on using specialAFP - 78 words
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Article, Illustration40 1993-04-17 3 Reuter SEOUL South Korean students being dragged away by riot police yesterday in front of the Blue House. They were trying to enter the presidential residence in an anti-government protest demanding stern punishment of corrupt lawmakers. Reuter,Reuter - 40 words
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100 1993-04-17 3 AFP JAKARTA Indonesian authorities are concerned over a dramatically higher inflation rate registered here through the first three months of 1993. The Kompas Daily yesterday quoted the Coordinating Minister for the Economy, Finance and Development, Saleh Affif, as saying prices increased 6.44 per cent duringAFP - 100 words
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95 1993-04-17 3 AFP TOKYO A United Nations conference on disarmament closed in Kyoto yesterday with a call by participants for greater efforts to persuade North Korea to return to a nuclear safeguards pact. Kevin Clements of the Australian National University's Peace Research Centre, theAFP - 95 words
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77 1993-04-17 3 UPI TOKYO Canadian Secretary of State for External Affairs Barbara McDougall has expressed concern that Japan and Australia may decide to remove their forces from the UN peacekeeping operation in Cambodia amid heightened violence by Khmer Rouge guerillas. While expressing sympathy over the killingUPI - 77 words
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442 1993-04-17 3 South China Morning Post HONGKONG The historic meeting between Taiwan and the China mainland in Singapore later this month might be jeopardised by a strong bid by the opposition Democratic Progressive Party to take part in the "non-official" talks. Sources inSouth China Morning Post - 442 words
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THE WORLD
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WORLD WATCH
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84 1993-04-17 4 Reuter WASHINGTON President Bill Clinton will unveil major poliey initiatives on Earth Day on April 22, Environmental Proteetion Agency Administrator Carol Browner said on I hursday. She gave no details but said the speech probably would not include a promise to sign the United NationsReuter - 84 words
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Article, Illustration69 1993-04-17 4 Reuter WASHINGTON President Bill Clinton enjoying himself at a performance by the New York Mosaic Minstrel Choir at the Rose Garden on Thursday. The choir was to have performed at the Jan 20 Presidential inauguration but their parade float broke down and Mr Clinton promised thatReuter - 69 words
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74 1993-04-17 4 AFP LONDON The government said on Thursday that it will accept a proposed Opposition amendment to the Maastricht Treaty in a bid to defuse a potential threat to its parliamentary majority over the issue. The amendment calls for a debate and a vote on the Treaty'sAFP - 74 words
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59 1993-04-17 4 AFP LONDON The European Community's chief negotiator on Yugoslavia yesterday called for air strikes against Serbian supply lines in Bosnia-Hercegovina. even at the expense of the United Nations humanitarian effort there. Meanwhile, the leadership of Bosnia-Hercegovina sent a desperate appeal to world leaders yesterday,AFP - 59 words
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430 1993-04-17 4 Reuter WASHINGTON The head of the Bundesbank warned on Thursday that Germany faces still more economic troubles before it turns the corner, hopefully at year's end. "We have ahead of us a further period of stagnation or even a furtherReuter - 430 words
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307 1993-04-17 4 Reuter LONDON A nationwide strike by two rail unions brought Britain's railway network to a halt for the second time in two weeks yesterday. But road chaos was avoided and commutcrs forced to travel to work by car found traffic no heavierReuter - 307 words
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717 1993-04-17 4 John Helmer - From John Helmer in MOSCOW THE announcement of a USS3O billion (Ss4B billion) economic aid programme tor Russia, to be provided by the Group of Seven industrialised countries, has met with measured scepticism by Western technical experts in Moscow. Of717 words
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524 1993-04-17 4 AFP, Reuter MOSCOW Russian VicePresident Alexander Rutskoi said yesterday that he will not resign despite pressure from President Boris Yeltsin and described the latest political attacks against him as "provocations". "I am not going to resign." Mr Rutskoi said in a speech toAFP,; Reuter - 524 words
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Article, Illustration393 1993-04-17 4 Reuter BONN Eastern German engineering workers walked out yesterday in a second wave of warning strikes white union support grew for full-scale strikes over a wage pact broken by employers. Early shift workers at four firms in the south-eastern industrial cityReuter - 393 words
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303 1993-04-17 4 AFP WASHINGTON A plan to open foreign markets to more American products could provoke a trade war and sink global trade talks, a South Korean minister told the White House on Thursday. Minister of Trade, Industry and Energy Kim ChulAFP - 303 words
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306 1993-04-17 4 NYT MEXICO CITY Mexican officials said on Thursday that their differences with the United States had narrowed over how to deal with environmental and labour problems under a North American free trade agreement. As US negotiators began to present detailed proposals inNYT - 306 words
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Page 4 Miscellaneous
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Miscellaneous26 1993-04-17 4 POOWESBURY GARRY TRUDEAU peim, mncw talking, mr. ahws&ador. iwon- l Ari&&r'M EXmjSIVZIi, TOPtSfiSTHZ DOZ IF YOU COUU?SHARE I NQT.ROVW. I TBtUSTHIS: M rouu sfQUR R HIS26 words
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COMPANIES & MARKETS
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416 1993-04-17 5 Duta Yap makes a comeback Bernama KUALA LUMPUR The Mycom Group, which is now more of a gaming and property development outfit, will be a more balanced entity in the future with interests in manufacturing, plantations and tour-ism-related activities, managing director Yap Yong SeongBernama - 416 words
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Article, Illustration647 1993-04-17 5 KUALA LUMPUR Yap Yong Seong, better known as "Duta Yap", yesterday said hard work and perseverance have brought about his present comeback to the corporate world. "It has taken me a long time to come back. It has not been an easy job," heFile photo - 647 words
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272 1993-04-17 5 Kooi Cho Teng - By Kooi Cho Teng SINGAPORE Metro Holdings yesterday announced that it had sold its entire 22.5 per cent stake in Malaysia-listed Metrojaya Bhd for M 522.68 million (SS 14.29 million), or M 53.60 a share. In a press statement yesterday,272 words
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Article, Illustration626 1993-04-17 5 Joyce Quek - HOCK LOCK SIEW By Joyce Quek SINGAPORE The Singapore bourse has reached record heights in volume and turnover; likewise the Straits Times Industrials Index (STII), which closed yesterday at a new peak of 1,763.35, up 31.95 points. Come April 22, theSource: Bridge Info - 626 words
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380 1993-04-17 5 Magdalene Ng - By Magdalene Ng SINGAPORE United Industrial Corporation has joined the rush for cheap funds it said yesterday it is raising S2OO million through an unsecured loan, attached with warrants, to refinance bank borrowings. UIC said the five-year loan will provide it380 words
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336 1993-04-17 5 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Compact Metal Industries has joined the list of companies making initial public offers. The Sesdaq-aspirant is offering 15 million new shares of 10 cents par value at 75 cents apiece. Of the 15336 words
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Article, Illustration378 1993-04-17 5 Source: Bridge Info Performance of STII's index stocks Apr 16 Last Seaac Ib4t\ Stock sale Cher factor novrrt (S) <S) Avimo 2 130 0.160 1.69 7.00 CAl 6 950 0 100 5 51 4 38 Ccrebos 5 350 0 050 4.24 2.19 FAN 12 500 991 OF 3 240Source: Bridge Info - 378 words
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COMPANIES
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555 1993-04-17 6 Bernama KUALA LUMPUR Hicom Bhd. the government-owned investment-based entity, has proposed to make a reverse takeover of the New Serendah Rubber Co Bhd (NSR) following a restructuring exercise involving the latter under the country's Privatisation Master Plan, it was announced yesterday. HicomBernama - 555 words
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457 1993-04-17 6 William Chia - From William Chia in KUALA LUMPUR THE Malaysian Investors' Association has called for a temporary reduction in trading hours or trading days to allow stockbroking firms to cope with the record-breaking trading volume on the Kuala Lumpur Stock Exchange. MIA president457 words
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Article, Illustration237 1993-04-17 6 Joseph Rajendran - By Joseph Rajendran SINGAPORE Contract manufacturer Eltech Electronics will boost production capacity at its Johor and Massachusetts plants. Managing director lan Cich said yesterday that new high-tech machinery would be introduced to meet orders stemming from the US recovery. Orders were up237 words
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162 1993-04-17 6 Bernama KUALA LUMPUR leisure Management Bhd. the gaming arm of the Magnum group, will concentrate on consolidating its gaming operations in Malaysia but has not ruled out the possibility of venturing overseas. Mohamed khir Johari. a senior member of the board ofBernama - 162 words
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264 1993-04-17 6 NYT WASHINGTON In a battle between two titans in the global teleeommunieations industry. American Telephone Telegraph Co moved on Thursday to block Britain's biggest telephone company from gaining broader access to the United States market until AT& I is allowed to competeNYT - 264 words
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Article495 1993-04-17 6 UNIT TRUSTS FUNDS Mwugctv pric«* (S) \pri7&iv Prudential Unit Till it >ni 113 I he iwimcnc I M I M MARA-Bumiputra Ihc Saving fund 114 120 First Bpulra 165 I 70 Spore Prog f und 0 54 0 57 Scv.hkI Bpulra 164 169 Spore Six Fund OS* 092 Ihud B495 words
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FINANCE
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437 1993-04-17 6 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The two independent groups which were approved by the Malaysian government to build power plants in the country may have to compete for financing from the banks. That's because the two Syarikat Indah Kejurteraan Perak (Sikap)437 words
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346 1993-04-17 6 Reuter MOSCOW The Russian central bank will issue licences to foreign banks using "geographical origin" and ties between their home countries and Russia as key criteria and will insist on minimum debt ratings, bank officials said yesterday. The bank will give priority toReuter - 346 words
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199 1993-04-17 6 Reuter BANGKOK The Bank of Thailand says it has reserved up to 45 billion baht (552.9 billion) for injection over the next few months into a Thai money market that is tightening and putting upward prev sure on interest rates. Central bankReuter - 199 words
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257 1993-04-17 6 Reuter FRANKFURT Frankfurtbased banks are hiring new currency traders again, backpedalling on last year's strategic decisions to cut staff in the run-up to a single European Community (EC) currency. The market feels the chances of an EC currency have diminishedReuter - 257 words
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Article, Illustration449 1993-04-17 6 DBS Bank weekly currency review (JSVDM: Further correction likely USS/DM traded to a low of 1.5850 on April 2 before a correction of the recent bear trend brought it to a high of 1.6200 on April 7. Sellers then returned to push449 words
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FINANCE & COMMODITIES
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462 1993-04-17 7 Reuter LONDON Lloyd's of London's first concerted business plan, due to be unveiled later this month, is seen as the key to saving the world's oldest insurance market from collapsing under a wave of losses and litigation. The Names, private investors whoReuter - 462 words
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232 1993-04-17 7 Knight-Ridder HONGKONG China, for the first time, disclosed state regulations guiding trade at foreign exchange swap centres in an effort to cool speculation, the official Xinhua News Agency said on Thursday. The regulations warn that if "the market rate fluctuates tooKnight-Ridder - 232 words
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294 1993-04-17 7 NYT NEW YORK J P Morgan Co said on Thursday that good results in most of its major businesses produced a firstquarter profit of US$432 million (*****.2 million) before accounting changes, up about 64 per cent from US$264 millionNYT - 294 words
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376 1993-04-17 7 Bloomberg ENERGY REPORT LONDON Crude oil and product futures in New York and London were lower yesterday on reports showing lacklustre demand for products and growing fears of a crude glut. The American Petroleum Institute said demand for all oil products in376 words
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Article, Illustration123 1993-04-17 7 THE US dollar continued to trade with a firm bias against the Singapore dollar, with early buying pushing it to a high of 1.6293 yesterday. However, in the absence of fresh impetus, the dollar retraced to close around 1.6270-75. It was a fairly quiet day123 words
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Article193 1993-04-17 7 Reuter LONDON The yen stole the limelight on a quiet day in Europe yesterday with financial markets convinced Tokyo is ready to let the currency rise as a way to cuito its huge trade surplus with the United States. European markets closed before any news filtered out from aReuter - 193 words
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Article88 1993-04-17 7 AFP NEW YORK The dollar rose against major currencies but fell to its lowest level againt the yen here yesterday morning before President Clinton met with Japanese President Kiichi Miyazawa in Washington. At 9:30 am, the dollar was trading at 1.6120 German marks against 1.6055 hours earlier inAFP - 88 words
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Article, Illustration1576 1993-04-17 7 Iladf xrifhlid nuA cuhulawJ avuin\l Spur,- '< 14 IraJiiw i*iitntr\ Bav rmf /<W* US$/S$ forward rates Noon Apr 16 s$ BM Oflcr I -month 1.6259 1.6274 month 1.624$ ***** 3-monlh 1.6233 1.624* 6-monlh 1.6193 1.6213 S«ni" CK'HC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 1§mh m HwriiT Singapore dollars1,576 words
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COMMODITIES & FUTURES
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Article1479 1993-04-17 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended steady in techni-cally-driven buying as dealers chose to ignore overnight news signalling strength in the US economy. Trade was light with early buying spurred by technical indicators which show further strength in the contract. Buying petered out nearReuter - 1,479 words
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953 1993-04-17 8 COMMODITIES REPORT Tin THE price of tin on the Kuala Lumpur Tin Market yesterday ended eight sen lower to M 514.23 per kg following heavy selling, dealers said. A dealer said the market continued to be bearish as traders were looking for953 words
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Article1757 1993-04-17 8 Rubber a p' 16 HAS CMMMM l I a m dM lag at at lpai) MS (physical prteas) RSS 1 C««tract (S cents/kg) As at 12 aasa S^jtl^^rs (S cents/kg) Month High Low Close Sett Volume (tonnes) open Interest RSS 2 May 93 ***** I32 00N i in1,757 words
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REGIONAL STOCK MARKETS
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Article1224 1993-04-17 9 -0.9 Australian stocks managed to end the week with the key market indicator above the psychological level of 1,700 points. Stocks traded in a tight range and ended only marginally down after making big gains during the week. Brokers were left in a bullish mood. "1 think there will1,224 words
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Article542 1993-04-17 9 -2.57 Share prices eased towards the end of trading as profit-takers cashed in on the slight rise |ed by oil issues at the opening yesterday, brokers said. The Manila trading floor Composite Index closed to 1,580.68 points, 2.57 points down from Thursday's 1,583.25. The Makati index dropped sharply by542 words
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Article563 1993-04-17 9 -161.3 Late selling on unconfirmed local media reports that Taiwan might be included on a list of unfair traders by the United States pulled Taiwan share prices to end sharply lower yesterday, brokers said. The Weighted Index slid 161.30 points to end at 4,534.19. Turnover was higher than previous563 words
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Article349 1993-04-17 9 -9.9 A selling spree across the board pulled stocks down in late trading yesterday despite some intervention from institutions. brokers said. The Composite Stock Index fell 9.90 points to close at 706.86 after fluctuating in a wide range, including an eight-point gain in mid-morn-ing. Losers outnumbered gainers 570 to349 words
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Article284 1993-04-17 9 +6.11 New Zealand shares closed firmer on reasonable volume with good interest in leaders Brierley Investments and Carter Holt Harvey. The NZSF.-40 capital index rose 6.11 points to end at 1,587.33. Volume ws NZ$37 million. The market was underpinned by solid economic news during the week including GDP284 words
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Article54 1993-04-17 9 +6.66 Bombay share prices showed a marginal rise as the market staggered from losses in early trading towards a hesitant recovery yesterday, brokers said. The Bombay Stock Exchange (BSE) Index closed at 2,299.78. up 6.66 points after recovering from an early low of 2,259.71. The national index closed at54 words
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WORLD STOCK MARKETS
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Article722 1993-04-17 9 •15.3 Share prices closed lower in thin end-account trading vesterday. but the FTSE 100 Index ended above the day's low hit after release of UK retail price data for March. The FTSE 100 closed down 15.3 points at 2,824.4. Prices followed FTSE futures lower after news the headline inflation722 words
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Article128 1993-04-17 9 •1.94 French shares wandered to a lower close as positionsquaring before the weekend eroded earlier small gains yesterday. Traders said the market would do little ahead of next Thursday's meeting between French Prime Minister Edouard Balladur and German Chancellor Flelmut Kohl, which many see as foreshadowing further interest rate128 words
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Article99 1993-04-17 9 -0.07 pc Share price drifted lower yesterday in directionless trade ahead of the April 22 supplementary budget proposal and the following debate in parliament. The all-share index eased 0.07 per cent to 992.24. The OMX-index closed 0.24 per cent down at 770.55 and the top-16 index eased 0.17 per99 words
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Article166 1993-04-17 9 +3.64 Shares ended another dull session little changed yesterday. with the 30-share DAX index closing just 3.64 higher at 1.678.85. the top of the day's tight three-point range. Dealers said yesterday's expiries of DTB options had little apparent effeet on trade. Between 1121 and 1130 GMT. when the DAX166 words
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Article232 1993-04-17 9 +0.64 Dutch shares ended mixed after slipping from session highs in late afternoon as extra activity generated by the expiry of the April options series subsided. The EOE index closed 0.64 points or 0.20 per cent firmer at 323.94 after briefly touching 324.61 earlier. Dealers said the EOE was232 words
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Article210 1993-04-17 9 +2.1 Swiss shares closed mixed yesterday, with the firmer opening on Wall Street giving light support to- wards the end of the session. The all-share SPI Index rose 2.1 points to 1,337.9. On Monday, Switzerland's largest bourse in Zurich will be closed. Zurich Vpc 16 frases 47\Iu>uinm: Bl ItS210 words
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Article126 1993-04-17 9 +o.Bpc Blue chips edged higher yesterday, led by rampant telecommunication stocks, but the market remained nervous about the aftermath of the weekend referendum. A large "yes" vote in favour of scrapping proportional representation is discounted but the polls do not close until Monday afternoon. The MIB all-share index rose126 words
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Article122 1993-04-17 9 -4.86 Weakness in blue-chip shares pulled Belgian stocks to a lower close. A 3 per cent drop in chemical stock Solvay and profit-taking in Petrofina after Thursday's surge were the main features of the session from midday. The Bel-20 index of Belgian shares closed down 4.86 points at 1,254.07122 words
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Article278 1993-04-17 9 18 The coming funeral of slain black leader Chris Hani kept investors on the sidelines on the Johannesburg Stock Exchange in minimal and nervous trade. The overall index ended the day 18 points better at 3,563. The industrial index lost five points to 4.367. Johannesburg \pe 16 K>nd INDUSTRIALS278 words
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Article211 1993-04-17 9 +4.35 Stocks tinned marginally in heavy early dealings vesterdav. traders said. The TSE 300 edged up 1.95 to 3,636.18 on turnover of 16.96 million shares valued at C$ 113 million. On Thursday, stocks finish modestly higher, underpinned by gains in banking, forestry and oil and gas shares, dealers said.211 words
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Article866 1993-04-17 9 +0.28 Blue chip stocks were slightly higher yesterday in heavy morning trading, given a boost by better than expected news on US industrial production in March. At 11 am. the Dow Jones Industrial Index rose 8.62 points to 3,464.54. up 8.62 poi its. About 93 million shares were866 words
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Article530 1993-04-17 9 Vienna \pr 16 Wfc ****** U Hank WJiulPl 2 Mltt-nHlN ->»*! HI lun^hun/l I t-n/inft i Lokjni 2M uikH <HXciiHuu *25 -It V'twfVi it i 2tl 1 Moi I"** uikh Wrtittari -I** uiKh Source: Bank Austria Nasdaq \|H 15 I \.l..lr>h unrt IHlMO <1 4 1 \nnk-4 xmpulci 11*1 4"530 words
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Article, Illustration3021 1993-04-17 10 Reuter HONGKONG Shares closed lower on profittaking yesterday, after a day of narrow trading, brokers said. The blue-chip Hang Seng Index lost 34.89 points to 6,697.15. while the broader All Ordinaries Index eased 14.31 to 3,562.71. Volume fell to HK54.35 billion from Thursday's HK55.99 billion. Brokers said the consolidationReuter; Source: Bridge Info - 3,021 words
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Article, Illustration433 1993-04-17 10 THE Shenzhen A market had a minor rally yesterday with stocks again edging broadly upward in moderate trading. The CLSA Shenzhen A Index was up 1.07 per cent to close at 3.141.6. The B market had another sluggish day as investors still seemed wary of returning in substantial numbers.433 words
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Article, Illustration2554 1993-04-17 10 Reuter TOKYO Stocks ended lower in lacklustre trade yesterday, with the 225-share Nikkei Average down 377.98 points or 1.83 per cent to 20,297.86. Profit-tak-ing and dealer position squaring ahead of the weekend hit prices as the market faced adjustment after recent rallies, brokers said. An estimated 550 million sharesReuter; Source: Bridge Info - 2,554 words
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Article, Illustration1694 1993-04-17 10 Reuter BANGKOK Share prices rose strongly in the afternoon session yesterday spurred by foreign buying of bank shares, brokers said. The SET Index rose sharply before the close, finishing at the day's high of 888.96, up 14.41 points or 1.65 per cent on turnover of 4.6S billion baht. "WeReuter; Source: Bridge Info - 1,694 words
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Article, Illustration1029 1993-04-17 10 Reuter JAKARTA Jakarta Stock Exchange was active and most prices ended higher in yesterday's half-day trade, brokers said. "Trading was quiet in the opening, hut sentiment turned bullish by the middle of the session." a broker said. Crossing and regular boards were active. Sonni. Eka Dharma and Pel roseaReuter; Source: Bridge Info - 1,029 words
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Article, Illustration1977 1993-04-17 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Kcnong Bhd MX" 30.221.000 Idrh H>d MK' I8.7J7.000 Mulli-Kurp*>sc I5.4%.000 Kamunling MX !i £X{5K i'mphuenix 13.600.000 hjhcr tiroup IO.H3.QOO Mulpha Inll MX 8 913 000 \mj Hat Id MX' 7.5MHJOO Ind (K>fcn MX' 6.3SO.OOO Hioiixl Mctropk* MX Bedford MXSource: Bridge Info - 1,977 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5142 1993-04-17 11 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange closed the hectic week on a mixed note after bargain-hunting in the afternoon absorbed losses suffered in the earlier part of yesterday. Renewed interest in component stocks pulled the KLSE Composite Index up from anBernama; Source: Bridge Info - 5,142 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration7066 1993-04-17 12 R Sivanithy - By R Sivanithy SINGAPORE Blue chips and Sesdaq counters were the main beneficiaries ot a bullish sentiment which sent the Straits Times Industrials Index soaring to a record high for the second consecutive day. Dealers said that institutional buying of local shares, combinedSOURCE: BRIDGE INFO; Source: Bridge Info - 7,066 words
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Article74 1993-04-17 12 Quak Hiang Whai - Quak Hiang Whai TUAN Sing Holdings looks set to test a major resistance at 60 cents. Upon breaking that, the stock could test the level of 70 cents and then SI. However, the short-term and long-term RSIs and stochastics suggest the upside is quite limited unless it74 words
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Page 5 Advertisements
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Advertisement193 1993-04-17 5 M Because We Believe Business Class Should Not Stop When You Leave Business Class. The moment one smile bids you But that's not all. At Amara you goodbye there is another waiting at sta Y in the centre of the Central Amara to welcome you to the world of AMARA*193 words
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Page 6 Advertisements
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Advertisement11 1993-04-17 6 Dividends table has been held over due to pressure of space11 words
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Page 7 Advertisements
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Advertisement138 1993-04-17 7 > 17 April 1993 COMPACT METAL INDUSTRIES LTD (Incorporated in the Republic of Singapore) INVITATION IN RESPECT OF 15,000,000 NEW ORDINARY SHARES OF $0.10 EACH (THE "NEW SHARES") AT $0.75 FOR EACH NEW SHARE PAYABLE IN FULL ON APPLICATION Applications for New Shares may only be made on Application Forms138 words
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Page 8 Advertisements
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Advertisement470 1993-04-17 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF HONG HUAT MERCANTILE PRIVATE LIMITED (In Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of The Companies Act, Cap. 50 thai a final470 words
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Advertisement34 1993-04-17 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead (Make raw business contacts through classification 203 in The Straits Times Classified, ".ta |7r7-i***|34 words
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Page 9 Advertisements
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Advertisement48 1993-04-17 9 Banking on technology It's a booming market for IT solutions in the banking and financial services sector. And not just for the big players. Read about a home-grown niche player that's even moving into non-traditional markets like Africa and the Czech Republic. BusinesslT. In Business Times on Monday48 words
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Page 10 Advertisements
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Advertisement110 1993-04-17 10 Carrier's Heroic Tank The heroes are made, the American Tank Watch is the latest descendant of the original classic that was created by Louis Cartier in 1917 as a tribute to the Allied Forces. In true Art Deco style, it has a distinguished curved watchcase and features a second hand110 words
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Page 11 Advertisements
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Advertisement23 1993-04-17 11 131 61 KL Industries 120 unch 974 122 life I*'* u 1 PORT SHOTS u T^e atest in sea a,r ancl anc transportation.23 words
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Page 12 Advertisements
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Advertisement119 1993-04-17 12 C artier's Heroic Tank The stuff of which heroes are made, the American Tank Watch is the latest descendant of the original classic that was created by Louis Cartier in 1917 as X 7 a tribute to the Allied Forces. In true Art Deco style, as a distinguished curved watchcase119 words
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SPORTS
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Article, Illustration569 1993-04-17 13 Golf AP HILTON HEAD ISLAND, South Carolina Payne Stewart rode a sizzling front nine, including five birdies, to a one shot lead after the first round of the Heritage Classic on Thursday. Stewart shot 31 on the frontAP - 569 words
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Article, Illustration85 1993-04-17 13 Reuter BIRMINGHAM Vital! Scherbo continued at the World Gymnastics where he left off at the Olympics. Winner of six gold medals at last year's Olympics in Barcelona, the 23-year-old superstar gymnast from Belarus won the men's all-round final. Scherbo totalled 56.174 points to win the gold medal.Reuter - 85 words
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SCORE CARD
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Article, Illustration57 1993-04-17 13 Reuter NEW YORK Major League results Thursday: National Montreal 2 Houston 1; Colorado 5 NY Mets 3; Pittsburgh 5 SD Padres 4 (13); St Louis 4 LA Dodgers 2; SF Giants 6 Atlanta 1. American Toronto 3 Seattle 1; Detroit 3 Oakland A's 2; Kansas City 5 NY YankeesReuter - 57 words
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Article, Illustration28 1993-04-17 13 Reuter NEW YORK NBA results Thursday: Boston 106 New Jersey 105: Philadelphia 101 Orlando 85; Washington 110 Miami 92; Utah 122 Portland 117; Cleveland 108 Milwaukee 93.Reuter - 28 words
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Article, Illustration145 1993-04-17 13 Reuter Reuter AFP Reuter TOKYO Leading second round scores, Bridgeston Aso Open on Friday (Japanese unless stated): 135 Kiyoshi Murota 68 67 137 Tetsu Nishikawa 66 71 Also: Samson Gimson (Singapore) 72 72. Reuter HILTON HEAD ISLAND, South Carolina treading scores alter the first round at the US$l millionReuter; AFP - 145 words
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Article, Illustration57 1993-04-17 13 Reuter NEW YORK NHL results Thursday: Philadelphia Flyers 7 Buffalo Sabres 4; Detroit Red Wings 5 Minnesota North Stars 3: Chicago Blackhawks 3 Toronto Maple Leafs 2; St Louis Blues 6 Tampa Bay Lightning 5; Winnipeg Jets 3 Edmonton Oilers 0: Calgary Flames 7 San Jose Sharks 3;Reuter - 57 words
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Article, Illustration218 1993-04-17 13 Reuter EDINBURGH World Cup Sevens pool matches Friday: Pool A Fiji 42 Latvia 0; South Africa 28 Japan 5; Wales 33 Romania 7. Fiji 28 Jap 17; Rom 22 Lat 5; SA 36 Wales 14; Fiji 40 Rom 0; Wales 35 Jap 7; SA 47 Lat 5. Standings (P,Reuter - 218 words
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Article, Illustration60 1993-04-17 13 AFP HONGKONG Hongkong Open Quarterfinals Friday (x denotes seeds): Amos Mansdorf (Isr x 4) b Brett Steven (NZ x 6) 7-6 (7-1), 7-6 (7-5); Jim Courier (US xl) b Patrick McEnroe (US) 6-2, 6-3; Michael Chang (US x 3) b Kenneth Carlsen (Den) 7-6 (8-6), 6-2; Pete Sampras (USAFP - 60 words
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306 1993-04-17 13 NYT PALM BEACH GARDENS, Florida Following a formula that worked so well for John Daly two years ago, Larry Ziegler qualified as an alternate and took the first round lead by two strokes on Thursday at the PGA Seniors Championship. With highNYT - 306 words
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360 1993-04-17 13 AFP BERLIN Anarchists armed with eggs, paint bombs and rocks will roam the Berlin streets this weekend to deliver what they hope will be a final blow to the city's troubled bid to host the 2000 Olympics. Their target will be II International Olympic CommitteeAFP - 360 words
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303 1993-04-17 13 UPI LONDON The verbal battle between arch-rivals Liz McColgan and Lisa Ondieki has dominated the build-up to tomorrow's 13th edition of the London Marathon, and thenongoing spat has partially concealed the fact that the race can boast its best-ever women's field. Race organiser DavidUPI - 303 words
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SIDE LINES
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114 1993-04-17 13 AFP CHICAGO Basketball fan Don Calhoun sank the shot of a lifetime and bagged US$l million (551.64 million) in a promotion during a Chicago Bulls game. Calhoun turned up for the Bulls game on Thursday night, and was picked at random from the crowdAFP - 114 words
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Article107 1993-04-17 13 AP LONDON lan Woosnam. the former world No 1 golfer, is leaving his native Wales for the tax haven of Jersey. Woosnam, 35, grew up on his father's farm in the Welsh town of Oswestry and has lived there all his life. NowAP - 107 words
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Article, Illustration36 1993-04-17 13 Reuter TORONTO Seattle Mariners' second baseman Fernando Vina jumped over Toronto's Paul Molitor to force out Joe Carter at first for a first inning double play here on Thursday. Seattle lost 3-1. ReuterReuter - 36 words
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Article71 1993-04-17 13 AP CASTEL GANDOLFO, Italy Jean Van de Velde shot a course-record equalling 6-under-par 66 on Thursday to take a one-stroke lead after the first round of the U*****,000 (*****,800) Roma Masters. England's Jamie Spence shot a 67 to stay right behind the 27-year-old Frenchman, whoAP - 71 words
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Article1573 1993-04-17 13 city nm no nm «5[ 5#! GA929 M20 CM MM City VN743 1315 VN742 1415 MtUUa SQ228 2120 GA839 2105 Amman RJ187 0135 Hiartiim 0665 1420 CX714 0640 Amsterdam KL837 1445 KL838 2310 CX713 1500 SQ860 0915 SQ323 1725 SQ859 1725 CX710 1135 J"" H* 221,573 words
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Article, Illustration485 1993-04-17 14 Basketball Final Four European Basketball Championship AP ATHENS Limoges of France defeated Benetton Treviso 59-55 on Thursday to win the Final Four European basketball championship. Limoges managed to take the lead from the Italian team one minute before the end of the game after a hard-foughtAP - 485 words
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Page 13 Advertisements
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Advertisement42 1993-04-17 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.42 words
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SHIPS IN PORT
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Article532 1993-04-17 14 Vessri Vo y Ho Bwth friraal Dtpartoe Vwsd Voi Wo Berth frrwal Departure llMtme Part Elona SC264C 1/ 04* P01A 17 04 0800 I'M 1 0 Hfc»a4? S14/93 13 atoneside 12 04/2100 Gina 9310 P04 1604 2000 1704,1200 Petro Niaga 12,93* 112 alongside 17 04/1900 JangeWja. I532 words
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Article2175 1993-04-17 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS St*> Voy Ho Containm avatabte Ship Voy Wo Contantfs avaiabte Acx Lotus 37A *****3 0/05 N Ruby 2# COD(EST) *****3 1500 Tiger Star 62N 150* 93 0905 D Kakmantan 61S COO(EST) 160*93 1500 Anson *****N 15.0* 93 1300 KuaJa Siafc 52,175 words
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Page 14 Miscellaneous
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Miscellaneous329 1993-04-17 14 1 CRYPTIC CROSSWORD to for someone else (4-10) g After inspiration suddenly i c i A i B i R i A i C MyM V M R i down ex p jre(6) y.u.y.m n 1 B'SioT" in in 2 Rom ISSftSSJ 5) 16 Handyman, fellow to per- P■ ffIIBIWBftffM»M?I329 words
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REGIONAL FOCUS
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Article, Illustration684 1993-04-17 15 Yong Pow Ang - The Asian Development Outlook, published by the Manila-based Asian Development Bank, has forecast robust growth for the region this year and next. BT highlights significant trends from the annual survey By Yong Pow Ang SINGAPORE China will enjoy robust double-digit growth for two684 words
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411 1993-04-17 15 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE The idea of a value-added tax (VAT) is fast catching on among Asia's developing countries, says the Asian Development Bank. Malaysia, Singapore and Sri Lanka are among those that have announced plans to introduce VAT soon while others like411 words
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428 1993-04-17 15 Al Labita - From Al Labita in MANILA MANILA Banking cartels in the Philippines must be dismantled if economic growth is to hasten, says the Asian Development Bank (ADB). The banking sector needs drastic reform, it says in its Asian Economic Outlook report. "Dismantling the cartels will make428 words
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238 1993-04-17 15 Schutz Lee - By Schutz Lee SINGAPORE Asian exporters will face stiff competition from Mexico as a member of the North American Free Trade Area agreement, says the Asian Development Bank. But the competition will be tempered by several factors. the bank says in its Asian Development238 words
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Article, Illustration353 1993-04-17 15 S N Vasuki - By S N Vasuki SINGAPORE The world economy is expected to grow marginally this year and pick up steam in 1994. says the Asian Development Bank. Real gross national product is projected to grow 1.5 per cent in 1993 and 3.5 per cent next353 words
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Page 15 Advertisements
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Advertisement41 1993-04-17 15 BJW LB 11* APRIL VOL I 7N 4 1/8/92 1993 ■$4 UK HOMES: RIPE FOR THE PICKING? > v -S m V IP ASIATIC'S y;rf fJ T 60ING PLACES I J SB, RQTHMAiyS .■■ami !iIDIISTBir:S 111 11 8 73^0304* ON SALE 141 words
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553 1993-04-17 16 SN Vasuki - By SN Vasuki SINGAPORE The AsiaPacific region will turn in world-beating economic growth of about 7 per cent in 1993 and 1994, says the Asian Development Bank. This compares with 6.1 per cent in 1992 and a forecast of553 words
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Article, Illustration607 1993-04-17 16 AP WASHINGTON US President Bill Clinton held his first meeting yesterday with Japanese Prime Minister Kiichi Miyazawa and indicated that just-released figures showing a further worsening of America's trade deficit with Japan would be a major topic. Mr Clinton,AP - 607 words
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Article196 1993-04-17 16 Reuter NORTHBROOK, Illinois Americans who want to meet others for marriage without sex now have an agency that will help them. The Tcmpkin Group, based in this Illinois town, said yesterday that it was providing a contact network geared to the unique needs of peopleReuter - 196 words
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299 1993-04-17 16 AFP, Reuter WASHINGTON The United States will ban European firms from competing for US government contracts if the European Community refuses to change its rule on state contracts that puts American firms at a disadvantage. A source said on Thursday thatAFP,; Reuter - 299 words
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558 1993-04-17 16 AFP, Reuter. JOHANNESBURG The African National Congress and its allies yesterday announced a campaign of mass action to pressure democracy negotiators to set a date for a non-racial election by the end of May at the latest. The rolling campaign will start onAFP,; Reuter. - 558 words
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512 1993-04-17 16 AP, Reuter WASHINGTON President Bill Clinton yesterday offered to cut a US$l6.3 billion (5526.6 billion) emergency jobs plan by 25 per cent in an effort to allay Republican concerns that it is laden with unnecessary spending, but the Republican Senate leaderAP,; Reuter - 512 words
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332 1993-04-17 16 AFP AP, WASHINGTON The US merchandise trade deficit edged up O.S per cent to US$7.2O billion (S$ 11.7 billion) in February, the highest level in three months. The Commerce Department said yesterday that exports. a source of strength in theAFP; AP, - 332 words
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328 1993-04-17 16 South China Morning Post HONGKONG A former top aide to Chinese Vice-Pre-micr Zhu Rongji is standing for election to the general committee of the Hongkong General Chamber of Commerce, the territory's most influential business body. Alex Ye Long Fei is amongSouth China Morning Post - 328 words
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235 1993-04-17 16 AFP KUALA LUMPUR Malaysia has purchased the entire equity of an Australian aviation firm and will be able to produce its own light aircraft in two years. Prime Minister Mahathir Mohamad said yesterday that Kuala Lumpur has bought over Perth-based Eagle AircraftAFP - 235 words
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Page 16 Advertisements
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Advertisement8 1993-04-17 16 Marginal growth projected for world economy, Pg 158 words
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Advertisement5 1993-04-17 16 i^TU^iTL^aiOil Monday in Business Times5 words
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Executive Lifestyle
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Article, Illustration1638 1993-04-17 17 John Kohut - John Kohut meets three Chinese tycoons who have achieved great commercial success in the land of communism John Kohut Sunday Morning Post FORGET about worker heroes and revolutionary martyrs. The pantheon of communist saints is being cleared out and scrubbed down to make way forSunday Morning Post - 1,638 words
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STRAWS IN THE WIND
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Article46 1993-04-17 17 HERE'S a new money theory to chew on. It's called "Dolly Parton economics: an incredible figure that would collapse without hidden support". This comes from David Melor, Chief Secretary of the British Treasury, who was commenting on the Labour Party's spending plans.46 words
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Article67 1993-04-17 17 SINGAPORE may be a city of excellence, but sometimes, there are slip-ups. Take Delifranee, for instance. Someone who ordered a takeaway sandwich was rather peeved at the measly amount of cheese she got, and dared to ask for more. "Sorry, that's standard," said the counter girl. "Oh, standards67 words
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Article55 1993-04-17 17 A PASSENGER on a regional airline wasn't quite sure whether to feel secure or threatened by a sign that was stuck by her seat. It said: "LIVE vest under your seat." The poor woman spent the entire flight worrying whether some over-enthusiastic safety apparatus would jump out in55 words
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OPINIONS
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Article1282 1993-04-17 18 Paul Charles - Paul Charles says the inward-looking orientation of Americans must change if the United States is to regain its competitive edge Paul Charles The writer is the chief executive of a multinational company and has been trading with the US for over 20 years HAVE you ever1,282 words
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489 1993-04-17 18 Edwin Wong (Capt) Cho Yang (Singapore - LETTERS TO THE EDITOR Edwin Wong (Capt) Cho Yang (Singapore) IN Husincss limes on April 14. 1993. the Hock Lock Siew column made some incisive remarks about Neptune Orient Lines, presumably from the viewpoint of a stock analyst. However, some comments regarding489 words
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Article263 1993-04-17 18 P J Botha - P J Botha Consul-General Republic of South Africa I WRITE to you concerning the photograph that appeared in Business Times on April 8, 1993, with the headline. "ANC reburies hanged activist". The photograph is certainly not an accurate reflection of South African society,263 words
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VIEWPOINT
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Article, Illustration2047 1993-04-17 19 Margaret Thomas - CONVERSATIONS AT RAFFLES Lee Tsao Yuan deputy director of the Institute of Policy Studies, tells Margaret Thomas why she feels that it is in Asia, rather than elsewhere in the world, that men are most able to accept professional women as equals Margaret Thomas LEE TSAOPhoto by Arthur Lee - 2,047 words
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Article834 1993-04-17 19 LEE TSAO YUAN played so much during her first year at National Junior College that a teacher saw fit to remind her, two months before the examinations, to hit the books. Which she did. And which she kept doing, while still managing to play, with great834 words
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Article602 1993-04-17 19 SHE GETS a little anxious when the discussion about women and their position in society goes on for longer than she expected. "Is this all going to be about women? Because on women's issues I'm not one who's got particularly strong views," says Dr Lee Tsao602 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration61 1993-04-17 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Crosby Securities. Daiwa Securities Singapore. DBS Asset Management. Kay Hian James Capel. Kim Eng Securities. Morgan Grenfell Asia Securities, Ong Company, Peregrine Securities, Phillip Securities. OCBC Securities. Tat Lee61 words
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Article129 1993-04-17 20 UOB Securities Hai Sun Hup. Buy stock and warrant at current level. Reasons: a) Price set to rise after meeting uptrend channel support, b) A laggard (price down 10 per cent from three months ago) with an attractive prospective PE of 15.4 times, c) Quality recurring income from long-term129 words
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Article, Illustration483 1993-04-17 20 Lim Eng Hai - Lim Eng Hai Head, Malaysia Research JM Sassoon Research (M) Sdn Bhd 64T here will be a I slight cooling off .A. in the Malaysian market. People will become more realistic, that they can't continue trading every day of the year and expect to make sure profits.483 words
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Article, Illustration286 1993-04-17 20 Agnes Chen - By Agnes Chen INVESTORS finally added some meat to the bull run yesterday as they turned to blue chips in the Singapore stoek market. As a result of the soaring prices of penny stocks and second-tier counters in the past month or so,Source: Investamatic - 286 words
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Article, Illustration653 1993-04-17 20 Joyce Quek - By Joyce Quek WHEN the sun sets, John Koeneman used to sweat in his oflice. No, it's not because of his US$5OO-million (SsBoo million) equity portfolio nor the pressures of out-performing the world's best money managers. It's just that the airconditioning at his office shuts off at653 words
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Article, Illustration509 1993-04-17 20 Chew Eng Han - CHART^ By Chew Eng Han The writer is the assistant manager of investments at STL'C Income. NEW HEIGHTS have been scaled on the Singapore bourse. The Straits Times Industrials Index has finally charged through resistance at 1,680, closing at 1,763.35 yesterday. At this509 words
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Article, Illustration925 1993-04-17 21 Joseph Rajendran - STOCK By Joseph Rajendran Looking at the queues for IPC Corporation share application forms in the last few days, it seems that the stock is a sure bet. But investors should separate a bull market's froth from the fundamental long-term growth potential of the company925 words
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Article, Illustration949 1993-04-17 21 Dr Annie Koh - Dr Annie Koh looks at the recently-launched index and compares it with the more-established Hang Seng and STI indices Dr Annie Koh The writer is a senior lecturer at the Department of Finance and Hanking. Faculty of Business Administration. National I949 words
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172 1993-04-17 21 LET'S say you think the Sino-British dispute will be settled amicably in three months and the MSCI Hang Seng will break through 5,000 points then. You'll take a position and buy a September MSCI Hongkong Index Futures contract. Traders rarely hold contracts to172 words
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Article, Illustration635 1993-04-17 21 R Sivanithy - Want a cheap, reliable portfolio manager at your beck and call, day and night? R Sivanithy has just the thing R Sivanithy THE STOCK market seems to be the place to be. judging by the recent record levels it has reached and the635 words
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Article, Illustration229 1993-04-17 21 Paul Leo - Spotlight currency By Paul Leo ON FEB 13 when the Singapore dollar was at 73.22 yen. I said the yen was likely to strengthen further and the Singapore dollar may head towards 69.00 yen. Now that the Singapore dollar is at 69.00Source: Tele Trac - 229 words
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Article, Illustration521 1993-04-17 22 AUDREY TAN - Cinema Review By AUDREY TAN CHAMPIONS is your average unintelligent "ra-ra" movie which somehow manages to engage. Emilio Estevez is a hot-shot lawyer, Gordon Bombay, busily clawing his way to the top. With a car-plate that spells "Justwin", Bombay has about summarised his only principle521 words
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Article, Illustration673 1993-04-17 22 SUSAN TSANG - By SUSAN TSANG KNIGHT MOVES opens with a lovely segment, shot in black and white, of a chess game. A group of venerable old gents crowds round the two boys playing. The tension is conveyed when the camera dwells on the ticking of the match clock.673 words
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Article, Illustration1085 1993-04-17 22 Susan Tsang - There's no need to go to pieces the moment your priceless porcelain vase hits the floor. Susan Tsang meets a couple of art restorers who can put those sad fragments together again Susan Tsang UT* Y WORST moment /I was when a Belgian I count camePhoto by Chris Loh - 1,085 words
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Article, Illustration852 1993-04-17 22 MARK GRAHAM - Travel Notes By MARK GRAHAM VISITORS to Silky Oaks wilderness lodge don't have to look far to see real Australian wildlife in action, not with orphaned baby kangaroos and wallabies bounding energetically around its extensive grounds. The rainforest resort, which attracts monied visitors from aroundPhotos by Mark Graham - 852 words
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Article, Illustration157 1993-04-17 23 WHEN THE PIECES come in for a complete restoration, they are first cleaned. A suitable adhesive is then used to paste the pieces together, and to fill chips and cracks. Missing pieces are fabricated, using the same adhesive, as seen in the picture on the right.157 words
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HEALTH & FITNESS
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HEALTH Notes
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117 1993-04-17 24 Men's Health WANT to do your blood pressure a favour? Stop bossing your spouse around. Researchers studying 45 married couples found a link between blood pressures and bossiness by conducting directed discussions. In half of the discussions, the husbands were offered theMen's Health - 117 words
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Article72 1993-04-17 24 Men's Health TV ADDICTS beware, researchers have found that adults who watch television three or more hours daily are twice as likely to have high cholesterol levels as those who watch less than one hour a day. An examination of the viewing habits of 12Men's Health - 72 words
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Article95 1993-04-17 24 Men's Health MOUTH SORES, which feel and look horrible, could really spoil your smile. Common causes are fever and other illnesses, the herpes virus and even bright sunlight. For the last, doctors recommend a lip sunscreen. Since the sores can be triggered by salty, acidicMen's Health - 95 words
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132 1993-04-17 24 NYT DIABETICS need not pig out on pizza for it to send their blood-sugar levels soaring, Yale University researchers have reported. After noticing that their diabetic patients often reported high blood-sugars after eating pizza, the researchers checked the blood-sugars of eight insulin-dependent diabetics after feedingNYT - 132 words
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104 1993-04-17 24 NYT WOMEN with low levels of iron in their blood may suffer worse menstrual symptoms than women with normal iron levels, according to a medical study. Examining not the extreme sufferers but the large percentage of women with unpleasant (but not dysfunctional) menstrual symptoms, researchersNYT - 104 words
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573 1993-04-17 24 Susan Tsang - Eating healthy is surely hassle-free in Singapore. Or so Susan Tsang thought until she took a particularly sensitive friend out for a meal Susan Tsang WE HAVE all been told to eat healthier, and some of us dutifully cut down on sugar, dairy573 words
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Article, Illustration1216 1993-04-17 24 Michael Bateman - Will a new name help to boost the image of the much-maligned MSG? Michael Batsman talks to those for and against the food flavouring Michael Bateman The Independent MO N OSODIUM glutamate, or MSG. has as many aliases as a bank robber. It also goes underThe Independent; Toby Morison - 1,216 words
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PEOPLE
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Article, Illustration203 1993-04-17 24 AND the winner is... and everyone clapped galantly while jealous demons rankled their insides as the Mercedes Benz 300SL was driven off by someone else, not them. It was the grand draw for Visa's "More Than Posh" promotion campaign which had credit cardPhotos by Chris Loh - 203 words
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TIME OFF
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Article, Illustration740 1993-04-17 25 Shahiron Sahari - Shahiron Sahari checks out The Regent s watering hole and hops across the street to one of Singapore s new ribs joints Shahiron Sahari UP ON the second floor of The Regent Singapore is a little-known bar which is stately and yet relaxed,740 words
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Article, Illustration677 1993-04-17 25 Dan RYAN was a prominent Chicago politician who became the Governor of Illinois in the *****. A powerful public figure. Ryan governed the state during what was a successful and prosperous period. Ryan died in the 1960s but his name lives on in the677 words
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Article224 1993-04-17 25 Lao Jiu (A Play In English) Translated by Kuo Pao Kun and directed by Ong Keng Sen, this is a significant collaboration between English and Chinese theatre in Singapore. The ninth child and the only son of a traditional Chinese family, Lao Jiu fights against his fate as the224 words
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Article162 1993-04-17 25 SSO Concert Pascal Roge plays Beethoven's Symphony No 7 in A Major, Saint-Saens's Piano Concerto So 2 In G Minor and Debussy's Iberia. Choo Hoey conducts. Today 5.15 pm at the Victoria Concert Hall Tickets at $4. 57. $10. $15 and $25 available from the Concert Hall Box Office.162 words
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Article941 1993-04-17 25 The Blue Planet Produced in cooperation with Nasa, this takes you on a trip to space where the Earth seems suspended in a limitless void. Travelling over the planet, we see the Straits of Gibraltar, the sand dunes of the Namib Desert and the snow-capped mountains of the Himalayas.941 words
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Article, Illustration564 1993-04-17 25 Abraham Ortefius A look at the Dutchman who put Singapore on a printed map lor the first time in 1570. A famous cartographer. he produced the famous llicatrum i*rbis terrantm. widely regarded as the world's first atlas. On at Antiques ol the Orient. *1)2-40. Tang/in Shopping Centre564 words
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Article301 1993-04-17 25 Forum For The Arts In this first of six sessions on the appreciation of art. Chinese artist Shi liu speaks on Chinese paintings. Other areas of Chinese art explored are ceramics, textiles, snuff-bottles, jades and furniture. /ihLiv at the Guinness Iheatrc and the \rt Gallery. 2Jopm. Tickets301 words
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Article104 1993-04-17 25 Audrey Tan - Compiled by Audrey Tan Singapore International Film Festival Counter sales may still be available for the festival which ends on May I. Tickets for each screening may be available at the door half an hour before showtime. Ticketcharge counters: all Metro stores. Wisma Atria. Tangs and104 words
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EPICURE
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Article, Illustration697 1993-04-17 26 Jaime Ee,Susan Tsang - Jaime Ee and Susan Tsang check out what's good and what's not at the Food Gallery of the newly refurbished Orchard Point Jaime Ee,Susan Tsang ITS AMAZING what a facelift can do. Orchard Point, once a home for mismatched stores and visited only by accidental shoppers,697 words
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Article337 1993-04-17 26 CAIRNHILL Steak House, once a bastion of elegant dining, has moved down to the basement of Orchard Point. The place seems to be trying to move further down-market as well it was disheartening to observe the paper place mats and serviettes sitting on the337 words
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275 1993-04-17 26 WHAT Tomoe lacks in finesse, it makes up for in effort. Which is why, for all the inexperience of the waitresses who couldn't remember orders and looked perplexed when asked for a California roll, the restaurant still came up with the advantage because they275 words
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Article, Illustration1073 1993-04-17 28 Bingo. Dog runs away from cir- si cus in search of a family. He e meets Chuckie, who hides the s] pooch from his parents. When f the family moves. Bingo pur- 9 sues the kid across the country, 4 meeting oddballs on the way. Yishun 10: 1; 6.50.1,073 words
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Page 17 Advertisements
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Advertisement233 1993-04-17 17 Loan Information i Approval" mm ®P 1 8 0 0 'V* 3 3 4 3 5 8 8 i 4 1 8 0 3 3 1 3 (,8 8 Since 1735 there has never been a quartz Blancpain watch. And there never will be. ♦tHB I °v llf^fl It 0233 words
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Page 18 Advertisements
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Advertisement276 1993-04-17 18 B l welcomes letters from \ou. Please §>£ address them to: The Editor, Business l imes, 390 Kim Seng Rd, S'pore 092.1 letters should includc your contact numbers. Doonesbury and Bristow are on Page 4 UlA> DATE: April 17,1993 TIME: Ipm 2pm PLACE: Raffles City atrium ISWjk Hps on walking276 words
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Page 20 Advertisements
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Advertisement37 1993-04-17 20 GOT THE "TOO MUCH STUFF" BLUESr^ Sounds like it's L-* V time for a /rfJfejK rl garage sale. Turn your fd unwanted items into fast cash j The Straits Times Classified. jQ /'h "vf4J Call 737-1 147^^^37 words
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Advertisement173 1993-04-17 20 KCM's stock picks Singapore i j. v Mr Creative Technology Look at companies benefiting from the US's economic recovery, especially manufacturers. They include Acma, Eltech, PCI. and Venture Manufacturing. Malaysia >1 0 Aokam Perdana Look at infrastructure stocks and construction companies like Aokam Perdana. Ho Hup Construction and Sungai Way.173 words
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Page 23 Advertisements
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Advertisement135 1993-04-17 23 FOR MORE THAN 2000 YEARS, PERFECT NOW BANG OLUFSEN BRINGS IT INTO YOUR LIVING BOOM. _^^^^M|HB(||i _j 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 TV. video and135 words
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Page 26 Advertisements
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Advertisement13 1993-04-17 26 I l< jp9 April s HER WORLD plus a free extra BRIDES magazine13 words
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Advertisement55 1993-04-17 26 The wine column has been held over m c Hertz Rent-afar At Tanglin Is Moving Up The Sheet IJHI We are pleased to announce that with effect from 17 April 1993, our f 3 125 Tanglin Road Tudor Court Shopping Gallery (opposite Shell Petrol Station) Singapore 1024 /frS" 'y Tel:55 words
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Page 27 Advertisements
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Advertisement696 1993-04-17 27 Nothing Beats A Bud. j^KINC. OF f HIGH IEA AT CAE CAROUSEL Adult $10.80++ Chlkl $B.Bo++ You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes. at our high tea buffet. Only on Saturdays and Sundays from 1 I 3pm to 5.30pm. if/ I Qafe X'696 words
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Advertisement317 1993-04-17 27 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. Mr 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 to317 words
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Advertisement395 1993-04-17 27 JB For onlv S3o+ per person. Come and taste the difterence at The Stables! Available every day ol the week except Sundays and Public Holidays. Ijuncb: 12 noon 2.30 pm For reservations, please call 73******. |SBb I fa tit into at ai (apmrs 1H Orchard Road t t*l Id 7395 words
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Page 28 Miscellaneous
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Miscellaneous2412 1993-04-17 28 TODAY'S TV I 10.00 The New Scooby Doo Bir determine i—iaAi I'lll itj 11, [IM J cases her children might in in die J®*® 252S 1 m< ~c (p., uiimiUrc in 9am SBCB from «5» 11-00 Adventures of Speedr po Bayt Tabling, 3.25*11. SBC 5 Wowtars In SBC 8 M2,412 words
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