The Business Times, 19 February 1994
1994-02-19
1
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The Business Times
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Title Section13 1994-02-19 1 Business Times WH KNOW ASIA MITA(P) 010/12/93 Weekend Edition, February 19-20 1994 75*13 words
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224 1994-02-19 1 SINGAPORE Asian stock markets closed mixed in nar-row-range trading yesterday. In Singapore, the Straits Times Industrials Index closed 8.74 points or 0.37 per cent lower at 2,334.27. Interest was focused on Malaysian-based counters traded on Clob. In Malaysia, shares closed higher on224 words
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670 1994-02-19 1 Anna Teo - Pro-business stance should spell good news for stock market By Anna Teo SINGAPORE Analysts expect the forthcoming Budget to provide some marketwarming news or neutral at worst though the impact on the economy is likely to be contractionary. Given the huge surpluses expected670 words
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Article, Illustration425 1994-02-19 1 Reuter, BernamaKyodo AFP TOKYO Japan's central bank chief vowed yesterday to fight currency market speculators and stabilise the yen with the help of its Group of Seven (G-7) partners. Referring to recent trends in the foreign exchange market, which saw theReuter,; Bernama- Kyodo; AFP - 425 words
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435 1994-02-19 1 Schutz Lee - By Schutz Lee SINGAPORE Singapore's family-owned Transco group has re-entered the New Zealand corporate scene by taking a controlling stake in a small listed company, and making a bid for another on Thursday. This marks Transco's return to its intention to be a long-term435 words
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Article, Illustration342 1994-02-19 1 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR THE bitter election campaign for the Sabah Legislative Assembly has cast clouds over the MSSOO million (SS2BS million) planned privatisation of Malaysia's only integrated pulp and paper mill to the diversified Lion Group. Deputy342 words
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2am LATEST
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Article70 1994-02-19 1 Reuter NEW YORK Wall Street stocks continued their selloflf in afternoon activity yesterday, hit by further losses in the bond market. "The long-bond yield is rising, and that's having an impact on the stock market, no question about it," said Gerald Simmons, head of institutionalReuter - 70 words
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61 1994-02-19 1 Bloomberg Business News NEW YORK The US economy will expand at an annual rate of 3.6 per cent in 1994, up from 2.9 per cent in 1993, according to the latest forecast from the Conference Board yesterday. Improving economic conditions will also spurBloomberg Business News - 61 words
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38 1994-02-19 1 AFP LONDON Around thirty investors in Lloyd's insurance market have committed suicide or died from stress resulting from financial ruin after investing in loss-making syndicates, an investor or Name said yesterday. AFPAFP - 38 words
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Article158 1994-02-19 1 Stock Market indices Friday Chup STII 2.334.27 -8.74 KLSEComp 1.086.73 +14.59 Nikkei 18.939.60 +28.21 Hang Seng 10.823.88 +39.30 SET Index 1.456.08 +10.88 Jakarta Comp 554.78 -9.91 CLSA China B 1.255.39 +23.53 Ausl All Ord 2.223.2 -17.7 FTSE 100 3,425.3 +7.6 Friday PictIm 1 pm close Dow Jones 3.893158 words
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Page 1 Advertisements
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Advertisement13 1994-02-19 1 corporate giants The Samsung revolution Jki-.'gfcMfraan 14' .f J Full reports. Pages 12-1613 words
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Advertisement19 1994-02-19 1 Hock Lock Siew: Pg 6 Signs of clear skies ahead for SIA Nations rally to Japan's defence. Page 419 words
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Advertisement404 1994-02-19 1 > INVESTING IN UNIT TRUSTS a 4-page special Evaluating unit trusts Myths about unit trusts How units are priced Top 5 stock holdings Vital stats of over 15 funds Turn to EL 7-10 interview with Greg Norman el i The mark of the Shark Nam CmpmlM S-pon Mm 2 S-p*r*«»404 words
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Advertisement11 1994-02-19 1 trtmlpßn Tg 1000-*****77 Fa *****75 ■T EHmW T«( *****11 Fa *****7111 words
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SINGAPORE NEWS
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266 1994-02-19 2 Science Tech Board giving $150m boost to R&D THE National Science and Technology Board (NSTB) will pump in SISO million more into the Research Incentive Scheme for Companies (Rise) to encourage companies to develop in-house R&D capabilities. This was announced by Minister for Trade and Industry Yeo Cheow Tong yesterday266 words
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Article, Illustration398 1994-02-19 2 A J Leow - By A J Leow HOUSE HUNTERS are back in force after the Lunar New Year. About 50 people were seen atr.s pm yesterday milling outside the showflat at UE Square ia'River Valley Road, hoping a soCond residential block will bePhoto by Arthur Lee - 398 words
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429 1994-02-19 2 Lilian Ang - By Lilian Ang THE GOVERNMENT will relax planning guidelines to make it easier for private developers to build affordable housing for elderly people. Acting National Development Minister Lim Hng Kiang said yesterday the groundwork was being laid to gain429 words
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Article, Illustration215 1994-02-19 2 Juliette Walker - Gearing up for Asian Aerospace '94 Reports by Juliette Walker THE French Air Force flew three Mirage 2000 fighter aircraft into Singapore yesterday, bringing with them the hopes of their maker Dassault Aviation for more sales in the region. Dassault has delivered more than 250 Mirage215 words
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204 1994-02-19 2 ALMOST 70 British companies will home in on Asian Aerospace '94 next week to keep pace with their competitors from the United States, France, Russia and other countries. Britain's aerospace industry ranked second worldwide, behind the US, with £12 billion (SS2B204 words
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283 1994-02-19 2 SINGAPORE American footwear and clothing company LA Gear will set up concept stores in Asia, with the first outlet to open here in June. President and chief operating officer Mark Goldston said yesterday that Singapore would be the regional283 words
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298 1994-02-19 2 Quak Hiang Whai - By Quak Hiang Whai THANKS to the buoyant regional markets in the later part of last year, the on-going Charity Investment Race had raised about $5 million by the end of 1993. This was more than double the combined amount of298 words
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Page 2 Advertisements
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Advertisement591 1994-02-19 2 v J jJ I W M M M. T FALMAC LIMITED (Incorporated in the Republic of Singapore) *.i. vV Ml'> INVITATION IN RESPECT OF 12,000,000 NEW ORDINARY SHARES OF v $0.20 EACH AT $0.72 PER SHARE PAYABLE IN FULL ON APPLICATION The Board of Directors of Falmac Limited ("Falmac" or591 words
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Page 2 Miscellaneous
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Miscellaneous289 1994-02-19 2 CRYPTIC CROSSWORD 1 Getting nowhere fast in a period of correction H| 7 Course he comes from north —JHft H—JH—JH|H 8 Put off retirement and filled ——U 10 Colleague gets average housing cost back (7) I I I I I I B 1 I I I I I Basic outfit289 words
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THE REGION
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548 1994-02-19 3 Asahi BEIJING Chinese VicePremier Zhu Rongji, the power behind the country's econom-ics-first policy, is going to Japan on Wednesday on a mission to forge closer ties to counteract the United States' criticism of China over its human rights record.Asahi - 548 words
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345 1994-02-19 3 Yong Pow Ang - By Yong Pow Ang SINGAPORE The corporate tax rate for Chinese state companies which are floated on overseas stock exchanges is likely to remain at 15 per cent, despite the new unified rate of 33 per cent, the345 words
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463 1994-02-19 3 Bloomberg Business News ,Beijing Chinese companies enjoyed a 62.4 per cent rise in profits last year, largely due to sharp price rises and expansion of industrial capacity, the official Economic Daily reports. Though profits hit a record I4S billion yuan (*****.2 billion)Bloomberg Business News - 463 words
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ASIA NOTES
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Article91 1994-02-19 3 Bloomberg Business News HONGKONG China's Shenzhen Nan Fang Pharmaceutical Factory has agreed to set up a 1.46 billion yuan (***** million) pharmaceutical joint venture with seven international companies. US banking group Citibank said. The bank said the joint venture, 999 Pharmaceutical Co, will make,Bloomberg Business News - 91 words
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105 1994-02-19 3 Reuter MANILA The chief of the Subic freeport and commercial zone in the Philippines has accused the Finance Department (DOF) of adopting inconsistent policies that may scare away investors from the freeport. Richard Gordon, chairman of the Subic Bay Metropolitan Authority, said inReuter - 105 words
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78 1994-02-19 3 Reuter WASHINGTON The US Transportation and Commerce departments said they lifted their bans against US ships and aircraft going to Vietnam, in keeping with President Bill Clinton's ending of the US trade embargo. The bans had been against ships and aircraft transporting goods orReuter - 78 words
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69 1994-02-19 3 Bloomberg Business News MANILA Bowing to pressure that it remains domesticallyowned, Petron Corp, one of the largest and mostprofitable companies, is considering barring foreigners from its initial public offering. "There's a strong political lobby in the Philippines that passionately wants to maintain majority ownershipBloomberg Business News - 69 words
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Article93 1994-02-19 3 Reuter BEIJING Shanghai, hailed as the "dragon's head" leading China's economic charge into the 21st century, cannot claim to be fully modernised until it gets rid of its 700,000 chamberpots, the People's Daily said. Health and planning officials have tried to root out the chamberpot inReuter - 93 words
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380 1994-02-19 3 Harish Mehta - By Harish Mehta SINGAPORE Cambodia's bid to join a new four-nation Mekong Committee has been blocked by Thailand, jeopardising hundreds of millions of dollars in infrastructure projects centred on the Mekong River. Thailand, which is one of the four Mekong nations, wants380 words
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Article, Illustration410 1994-02-19 3 AFP SYDNEY Unions called off waterfront strike action in all Australian ports but Sydney yesterday, after a governmentbrokered agreement was reached between labour and management. Australian Stevedores, the largest stevedore company in the country, agreed to reinstate laid-off workers in all portsAFP; – Reuter - 410 words
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358 1994-02-19 3 MBT KUALA LUMPUR The Forest Research Institute Malaysia (Frim) is to create or team up with private companies to manufacture and market products generated by its technology. Some of the companies will be operational before the end of the year.MBT - 358 words
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228 1994-02-19 3 AFP HONGKONG American soft drink giant PepsiCo yesterday signed a US$5.5 million (SSB.7 million) agreement to form a joint venture with China's leading foodstuff company. The signing ceremony coincided with the official opening of Pepsi rival Coca-Cola's first representative office inAFP - 228 words
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Page 3 Advertisements
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Advertisement99 1994-02-19 3 Would you like to own your own training business? We market state-of-the-art, video based, workshop style, manatjrment and sales development seminars. Thousands of satisfied customers worldwide. Initial interviews in March 94. Successful applicants must be available for 7-10 days of training (Chicago/Denver) within the next 45-60 days. Openings in most99 words
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Advertisement102 1994-02-19 3 (—7l O jJiove n i ny !K VHIRLEY JSk S S E Y apsSallr {f Mfl^^VI AH: i iy-Ji /i 1/.° |y» y W V/ W 3fcAA «rv M&6h a/ Dale S 7lCarc£ 1994 *ffS9&9Co*f+. T*h- J it- <~zr_ .t/- <ir <y 1. A *JB6 sjnOppmHJ JtsML, IBM. SptTt I;102 words
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THE REGION/WORLD
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546 1994-02-19 4 US-Japan trade dispute AP. Reuter GENEVA A number of nations have rallied to the defence of Japan in its trade dispute with the United States and said Washington was endangering the world trading system by singling out a major partner. TheAP.; Reuter - 546 words
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383 1994-02-19 4 Bloomberg Business News FRANKFURT Germany's IG Metall union moved a step closer to national strike action yesterday as the last of its regional wage bargaining units declared that their talks with employers have failed. After meeting yesterday, six regionalBloomberg Business News - 383 words
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230 1994-02-19 4 AFP ABU DHABI The trial of Bank of Credit and Commerce International (BCCI) defentlants will resume here today amid reports that the majority shareholders are negotiating with the bank's liquidators for a new agreement to compen- sate creditors. The sixth hearingAFP - 230 words
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Article, Illustration105 1994-02-19 4 Reuter TAIPEI Huang Chunmian, wife of a Chinese asylum-seeker who hijacked a China Southwest Airjines plane to Taiwan, being dragged back aboard the Boeing 737 at Taipei's international airport yesterday for repatriation to China. The airliner, carrying 122 passengers, including two Singaporeans, was on aReuter - 105 words
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403 1994-02-19 4 AFP TOKYO A dispute over limited US access to Japan's cellular telephone market deteriorated further into mudslinging yesterday as a Japanese official accused Motorola Inc of making misleading statements and the US ambassador waded into the fray. Posts and telecommunications ministry officialAFP - 403 words
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221 1994-02-19 4 AFP HONGKONG China is carrying out a reshuffle in its military regions to make way for younger officers under instructions from patriarch Deng Xiaoping, it was reported yesterday. The reshuffle, involving seven military regions and naval and airforce military academies, isAFP - 221 words
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386 1994-02-19 4 Bloomberg Business News BEIJING Chinese companies enjoyed a 62.4 per cent rise in profits last year, largely due to sharp price rises and expansion of industrial capacity, the official Economic Daily reported yesterday. Though profits hit a record 145 billion yuanBloomberg Business News - 386 words
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259 1994-02-19 4 Bloomberg Business News BEIJING A top official from China Aerospace Corp has called on Washington to totally lift its ban on satellite sales to China. The company, formed last year by the Ministry of Aerospace Industry, wants to buy and launchBloomberg Business News - 259 words
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211 1994-02-19 4 Bernama-Kyodo TOKYO The top post of Sony Corp is likely to be taken over by vice-president Minoru Morio, 54, now that the other candidate for president has been assigned as head of an affiliated company, industry sources said yesterday. Ken lwaki.Bernama-Kyodo - 211 words
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514 1994-02-19 4 FT NEW DELHI Indian industry yesterday appealed to the government for an end to the anomalies in the country's complex import duty rates under which imports of finished goods arc often taxed at lower rates than imports of raw materials andFT - 514 words
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Page 4 Miscellaneous
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Miscellaneous55 1994-02-19 4 I usg-D TO B£ &UT rfV^ \7rjt w F FIH y e *R OFOURTR^L ynng .mn,?! 1/ ySePftgpiT.QNl > DOONESBURY GARRY TRUDEAU I SIR? ITS A^T SO HOW'S IT I'M aifuTcl f 6R3AJ fi WORKING W ORJN6HIMI>Z& JUST ABOUT G00P8Y& H COL-NORTH? L [l/NfQRA stdtir U "SRfo 1 TOdOAFPMY TOSM55 words
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THE WORLD
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398 1994-02-19 5 AFP, Reuter WASHINGTON President Bill Clinton says the Whitewater criminal investigation is a waste of millions of taxpayer dollars. His comments came as a notice subpoena was delivered on Thursday to The Rose Law Firm of Little Rock, Arkansas, which the WashingtonAFP,; Reuter - 398 words
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267 1994-02-19 5 AFP LONDON The European Community will do all it can to wrap up negotiations this year to bring China and Taiwan into the General Agreement on Tariffs and Trade, EC Commissioner Leon Brittan said here on Thursday. However, reforms wouldAFP - 267 words
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423 1994-02-19 5 Reuter BRUSSELS The European Commission's decision to fine 16 steelmakers for running a cartel breaks no new legal ground but sends a strong political message to Europe's struggling industries, anti-trust lawyers said on Thursday. The European Union's executive has signalled: "If youReuter - 423 words
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Article, Illustration53 1994-02-19 5 AFP HONGKONG Actor Sylvester Stallone (left), dotting the eyes of a Chinese lion to bring good luck during an inspection tour of the soon-to-open Planet Hollywood Hongkong restaurant Planet Hollywood Hongkong, billed as an experience inspired by film, food and fantasy, is due to openAFP - 53 words
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289 1994-02-19 5 Reuter CHICAGO FBI director Louis Freeh has warned business leaders to guard against industrial espionage, saying many US companies are wide open targets. "The threat is real," Mr Freeh told the Executives' Club of Chicago. "A nation's power is increasingly measured byReuter - 289 words
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407 1994-02-19 5 Reuter LONDON British data yesterday showing unexpected weakness in bank lending rounded off a week of disappointing economic statistics and put pressure on the government to cut interest rates again, economists said. The Bank of England said its M 4 moneyReuter - 407 words
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WORLD WATCH
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115 1994-02-19 5 Reuter ATHENS European foreign ministers pressed Greece to lift a trade blockade on the former Yugoslav republic of Macedonia, saying the decision was hurting European Union solidarity. German Foreign Minister Klaus Kinkel and Belgian Foreign Minister Willy Claes, in Athens for an EUReuter - 115 words
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79 1994-02-19 5 Reuter WASHINGTON Alan Blinder, a liberal economist who serves on President Bill Clinton's Council of Economic Advisers, has emerged as the leading candidate to replace David Mullins as vice-chairman of the Federal Reserve Board, the Washington Post reported yesterday. Citing senior White House officials,Reuter - 79 words
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Article103 1994-02-19 5 Reuter BRUSSELS The European Union has unveiled an export promotion plan to encourage European businesses to increase their Asian trade contacts. The campaign, "Gateway to Japan", will organise trade missions and trade fairs to find potential clients for medium-sized European businesses. The campaign, launched jointlyReuter - 103 words
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89 1994-02-19 5 NYT SARAJEVO Convoys of Serbian artillery were reported to be pulling back from positions around Sarajevo on Thursday after the Bosnian Serbs' leader promised Russia that his forces would withdraw, United Nations officials said. Russia suddenly interposed itself in the stand-off to persuade theNYT - 89 words
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Article, Illustration217 1994-02-19 5 Reuter WASHINGTON The former United States treasurer in the Bush administration, whose signature appeared on every dollar bill, pleaded guilty on Thursday to criminal charges of conspiracy, tax evasion and obstructing justice. Asked if she was guilty of each of the three charges,Reuter - 217 words
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Article1466 1994-02-19 5 w eta n» Aba W«M GA860 2005 Amman RJ187 0130 Amsterdam SQ25 0635 KL844 0535 KL837 1545 KL838 2335 SQ324 2345 Aaddaad NZ21 1710 NZ36 0055 BA11 1335 SQ286 2035 NZ22 1825 Bahrain Gf 148 0850 B Sari l*|WH BJ421 1105 SQI82 0915 SQ181 1410 BJ4221,466 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article, Illustration38 1994-02-19 6 Firm Market Mood' indicates the likely trading sentiment on Monday, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Daiwa, Fraser, Ongco. Phillip, Smith Ne*' Court. Tat Lee and WI Can.38 words
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Article, Illustration148 1994-02-19 6 Paul Leo - -By Paul Leo COURTS has been trading in a downward sloping channel since mid-December on both the daily and weekly charts. The channel is formed by two parallel lines, one joining the peaks and the other the troughs. At yesterday's close of $2.26, the technical indicators are suggesting148 words
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418 1994-02-19 6 Dexter Lee - By Dexter Lee SINGAPORE Singapore Airlines is eyeing opportunities to operate scheduled services in China and India as part of its overseas investment programme in Asia. SIA managing director Cheong Choong Kong said yesterday that the carrier was Tin the lookout for418 words
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394 1994-02-19 6 Ramesh Divyanathan - By Ramesh Divyanathan SINGAPORE Marinebased Chuan Hup Holdings Ltd reported a 71.2 per cent gain in net earnings to $12.5 million at half time, backed by ship sales and other income. 'For the half-year ended Dec 31, 1993, group turnover394 words
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338 1994-02-19 6 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Only one in 50 investors who applied for one lot of Falmac shares will get them, while those who applied for two to nine lots have a one-in-25 chance. The two categories form 55 per cent of the338 words
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960 1994-02-19 6 Amy Balan - HOCK LOCK SIEW By Amy Balan SINGAPORE Two airlines, British Airways and Thai Airways, have reported sterling results recently. But does this signal the upturn which the industry and in particular Singapore Airlines has been waiting for? Perhaps. While most analysts are960 words
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243 1994-02-19 6 Abdul Hadhi - By Abdul Hadhi SINGAPORE United Engineers Ltd has bought Tor MS 1.83 million (551.04 million) two Malaysian companies which together own a private specialist hospital in Batu Pahat, Johor. One of the firms, Nanyang Jaya, owns the building housing the 100-bed hospital on243 words
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149 1994-02-19 6 Reuter TAIPEI Troubled Taiwan Aerospace Corp (TAC), struggling to regain a role in developing the island's aerospace industry, replaced its chairman and expanded its stake in a planned venture with Singapore Aerospace Ltd. A board meeting decided that TAC would takeReuter - 149 words
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COMPANIES
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Article, Illustration737 1994-02-19 7 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR MALAYSIAN investors, attracted by the low price of Hicom Holdings Bhd shares offered for sale at M 52.10 each by the Ministry of Finance (MOF), have piled in their applications to give the public portion an737 words
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258 1994-02-19 7 jSINGAPORE Aided by a boom in the tourism sector in New Zealand, CDL Hotels New Zealand posted a group after-tax profit of NZ59.45 million (558.62 million) for the year ended Dec 31, 1993. CDL Hotels New Zealand is a subsidiary of258 words
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322 1994-02-19 7 BANGKOK The Stock Exchange of Thailand (SET) is gathering evidence on possible .share price manipulation by troubled computer distribution company Datamat. It put a /'designated sign" on the stock on Feb 14, SET sources said on Wednesday. A DS sign indicates that a322 words
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Article553 1994-02-19 7 UNIT TRUSTS FUNDS <$) Feb 19 21 UMB Invest Mgt Ltd Sinuoori Unit Trust Unifiind i.si i.$7 TK-r™r,rn.T, 7* ai Unibond* I 025 105 TK CnaHnun: 8 91 Uniuxl Cir Fund < 167 1.74 I nc Nsv trigs r uruJ 1.69 1.77 i imi < i c > i >553 words
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286 1994-02-19 7 NST KUALA LUMPUR UMW Holdings Bhd and Malaysian Airline System Berhad are interested in divesting their stakes in aircraft overhauler and repairer Airod Sdn Bhd. Both listed companies own a one-third stake each in Aerospace Industries Malaysia, which owns 51NST - 286 words
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362 1994-02-19 7 Bernama KUALA LUMPUR Country Heights Holdings Bhd made an impressive debut on the main board of the Kuala Lumpur Stock Exchange yesterday with a premium of M 52.70 over its offer price of MS 1.50. "We are happy with the opening priceBernama - 362 words
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331 1994-02-19 7 Bernama KUALA LUMPUR Land and General Bhd yesterday announced changes in the agreement for its proposed disposal of Cakara Alam (PNG) Pty Ltd to Odin Mining and Investment Co Ltd. Commerce International Merchant Bankers Bhd said on behalf of theBernama - 331 words
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226 1994-02-19 7 Bangkok Post BANGKOK The Charoen Pokphand Group, in a bid to strengthen its retail and wholesale business in China, has set up an umbrella holding company in Hongkong for its growing business interests. The new company, Ekchor Co. is seeking a listingBangkok Post - 226 words
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COMPANY BRIEFS
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Article77 1994-02-19 7 SINGAPORE Polytek Wearnes Holdings (PWH) said yesterday that its fully-owned subsidiary. Polytek Wearnes Pty Limited, has entered into a sale deed with Hobart International Holdings (HIL). Under this deed. Polytek Wearnes will sell to HIL for cash the entire capital of Hobart Manufacturing, the entire77 words
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Article42 1994-02-19 7 SINGAPORE The Hai Sun Hup Group has bought Shinkai Maritime s entire capital ot 200 $1 shares. Following the purchase. Hai Sun Hup has injected additional cash to raise Shinkai's paid-up capital to 20,000 I shares.42 words
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29 1994-02-19 7 SINGAPORE Khong Guan Flour Milling has announced that its subsidiary. Beow Guan Enterprise, has increased its issued and paid-up capital from $500,000 to $750,000.29 words
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50 1994-02-19 7 SINGAPORE LKN Development and its fully-owned subsidiary, Nirwana Properties Sdn Bhd, have increased their investment in Scientex Park (M) Sdn Bhd from M 5700.000 (*****.000) to M 53,150.000 each through subscription of shares. Both firms are part of the Lim Kah Ngam group.50 words
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58 1994-02-19 7 Reuter BANGKOK The Stock Exchange of Thailand (SET) *ill consider expanding trading hours by 30 minutes in order to be in line with other regional exchanges with longer hours. The S£T would collect more information and pass it to the SET board fbr consideration soon.Reuter - 58 words
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Article44 1994-02-19 7 Bloomberg Business News BANGKOK General Finance Securities Co, one of Thailand's most active brokerages, had a net profit for the tbfee months ended last Dec 31 of 245 million baht (5515.3 million), up 169 per cent. Bloomberg Business NewsBloomberg Business News - 44 words
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57 1994-02-19 7 Wise Co reports 97pc profit rise Bloomberg Business News MANILA Wise Co. one of the Philippines' oldest trading companies, enjoyed a 97 per cent leap in profits in 1993 due to the purchase of First Pacific Capital Corp and an overall- improvement in performance. Profits ballooned to 80.57 million pesosBloomberg Business News - 57 words
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Article87 1994-02-19 7 Bloomberg Business News BANGKOK Unicord Pic. the world's largest tuna exporter, posted a net profit for the quarter ended last Dec 31 of 42.9 million baht (552.6 million) or 0.15 baht a share, a rise of 94 per cent from the same period in 1992,Bloomberg Business News - 87 words
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Article306 1994-02-19 7 •*'C Payment tx Books Pay '•«> dale close date rTi Asia Pacific F I8N Feb 9 Feb 15 Feb 2S J Bcrjava (.roup I 6 Mar 11 Mar 28 Apr 18 Bcrjava Ind I 4 Mar 11 Mar 28 Apr 12 Bcrjava Leisure 15 Feb 22 Mar 8306 words
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COMPANY BRIEFS
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65 1994-02-19 8 Bloomberg Business News PARIS BP France, the French oil company 92 per cent controlled by British Petroleum Co pic, said yesterday that consolidated fourth-quarter sales fell 4.6 per cent to 6.4 billion French francs (S$ 1.73 billion) from 6.71 billion one year earlier. SalesBloomberg Business News - 65 words
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94 1994-02-19 8 Reuter RJO DE JANEIRO Alcatel Telecomunicacoes, which includes French telecommunications group Alcatel Alsthom, has won a US$4O million (5563.6 million) contract for 1,800 km of fibre optic cable, a company spokesman said on Thursday. The contract, Alcatel's first for fibre optic cable in Brazil,Reuter - 94 words
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80 1994-02-19 8 Reuter DAYTON, Ohio A local branch of the International Union of Electronic Workers threatened to strike at a key General Motors Corp parts plant here, a move that would cripple GM's assembly operations. Local 801, which represents about 3,500 hourly workers at plants inReuter - 80 words
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62 1994-02-19 8 Bloomberg Business News PARIS International Business Machines Corp is scrapping the European operations of its Ambra personal computer line. An IBM spokesman confirmed there will be an announcement later. Ambra, IBM's line of less expensive personal computers, has operations in about 20 European locations. TheBloomberg Business News - 62 words
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175 1994-02-19 8 Bloomberg Business News HONGKONG Billionaire Li Ka-shing has emerged as a mediator in the widely publicised boardroom battle for control of a rapidly growing local investment company, Seapower International Holdings, the Eastern Express reported. Mr Li, who owns 9.6 per cent of Seapower, hasBloomberg Business News - 175 words
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380 1994-02-19 8 Chinese govt-controlled investment firm to sell 468 m new shares Bloomberg Business News HONGKONG Chinese government-controlled investment company China Everbright International said it intends to sell 468 million new shares to existing shareholders at HKSI.2O each to raise HK5561.6 million (SSI 15.2Bloomberg Business News - 380 words
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305 1994-02-19 8 Bloomberg Business News SYDNEY News Corp shares surged yesterday on news that the company has bought out a major competitor in the United States newspaper coupon inserts business, brokers said. Bucking an overall declining market, News Corp was the biggest gaining stock,Bloomberg Business News - 305 words
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221 1994-02-19 8 AP PHILADELPHIA QVC said on Thursday it was changing its name and announced a restructuring to broadly expand its business beyond television retailing in the wake of a failed bid for Paramount Communications Inc. The company said cofounder and president MichaelAP - 221 words
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220 1994-02-19 8 Reuter SHANGHAI Shanghai Oriental Pearl Co Ltd, owned by a group of Shanghai television and broadcasting companies, will list 16 million A shares in Shanghai next Thursday, company finance official Ying Ming said. The shares were issued at 5.10 renminbi per shareReuter - 220 words
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Article, Illustration193 1994-02-19 8 Reuter TOKYO Sega Enterprises Ltd's parent current profit is likely to fall to around 42 billion yen (***** million) in the year to March 31, 1994, down 24 per cent from a year earlier and the first year-on-year decline in 12Reuter - 193 words
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SHIPS IN PORT
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Article509 1994-02-19 8 u »u it, ,tk i,.I,.,t ,.1,,. u 1 u— m n. iifc a a. .1 i>.., i. vcssa toy no oenn vnvsi uepenure vessel toy no Bonn wnvs uepenurc Jurong Port b*» r«*» is ss po% 1102/1100 20.02/1930 Afcoa Star 002 atone* 19.02/0500 Bit** Semi ****** P01A509 words
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Article1461 1994-02-19 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Baiance Rstts Ship Voy No Etb/Btr Period From To From to* 177A 20/0500 1 18/1500 18/1659 18/1900 3 19/0700 19/1159 19/1400 M Gondiaw 06S»4 21/0700 3 19/0700 19/1159 19/1400 4 19/12001,461 words
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FINANCE & COMMODITIES
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449 1994-02-19 9 Reuter FRANKFURT German share and bond markets weakened yesterday as investors reacted with disappointment to what was seen as only a halfhearted interest rate cut by the Bundesbank on Thursday. After an initially huge rally in the wake of the Bundesbank's half-point cutReuter - 449 words
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202 1994-02-19 9 Sob Tiang Keng - By Sob Tiang Keng SINGAPORE Thai hotel and resort group Dusit Thani has raised USS3O million (SS47 million) from the Singa-pore-based Asian dollar market through a syndicated loan. The three-year loan, at an interest rate one per cent above the202 words
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272 1994-02-19 9 Bloomberg Business News LOUISVILLE, Kentucky The Securities and Exchange Commission may issue a major report on corruption in the taxexempt bond industry, SEC commissioner Richard Roberts said. The SEC's probe might even result in enforcement proceedings, Mr Roberts said. Clearly, "a substantial amountBloomberg Business News - 272 words
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SMALL CHANGE
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76 1994-02-19 9 Bloomberg Business News BANGKOK The Bank of Thailand is revising up its forecast for loan extensions by commercial banks. The Nation reported yesterday. Bank Governor Vijit Supinit said credit extensions by Thai banks will increase by about 22 per cent this year insteadBloomberg Business News - 76 words
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86 1994-02-19 9 Reuter TOKYO Japan's Ministry of Finance will allow Nippon Credit Bank Ltd and Zenshinren Bank, an organisation of 428 shinkin banks or credit associations, to set up trust and banking subsidiaries, officials at the two banks said. Nippon Credit plans a wholly ownedReuter - 86 words
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81 1994-02-19 9 Reuter SAN FRANCISCO San Francisco has issued US$l75 million (SS27B million) of sewer-revenue refinancing bonds to refinance outstanding bonds and obtain a lower rate of financing, said BA Securities Inc as co-manager of the issue with Merrill Lynch and Co and Paine Webber Inc.Reuter - 81 words
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108 1994-02-19 9 Reuter LAGOS A Central Bank of Nigeria committee is allocating (JSS2OO million (SS3IB million) worth of hard currency to customers under a new regulated foreign exchange system, a bank spokesman said. He said the results of the allocation exercise would be communicated to applicants byReuter - 108 words
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339 1994-02-19 9 NYT NEW YORK Steven Hoffenberg, the brash and bullying Manhattan bill collector whose financial empire collapsed a year ago, was charged on Thursday with securities fraud and obstruction of justice. The federal complaint said he defrauded thousands of investors of US$45O millionNYT - 339 words
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184 1994-02-19 9 NYT NEW YORK Bond traders, looking for bad news on inflation, found it on Thursday, despite the government's report that January consumer prices were unchanged. As a result, bond prices fell and the yield on the 30-year bond jumped to 6.54 perNYT - 184 words
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Article, Illustration468 1994-02-19 9 Shiv Taneja - By Shiv Taneja SINGAPORE OCBC bank has introduced a monthly-rest option for its housing loans, making them cheaper, in a bid to keep itself competitive in the marketplace. Under OCBC's Easi-Home Loan, new customers who opt for a loan on a monthly-rest basis can save468 words
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437 1994-02-19 10 Reuter VIENNA A small fund that Italian industrialist Carlo De Benedetti set up with USSIO million (5515.8 million) four years ago to seek opportunities in Eastern Europe is emerging as a major player in the region's packaging market. Cofinec already controlsReuter - 437 words
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270 1994-02-19 10 Bloomberg Business News WASHINGTON Banco Quilmes SA, the fifth largest private commercial bank in Argentina, plans to raise as much as US$l66 million (*****.6 million) in an initial public offering to be held at home and abroad. The Buenos Aires company filed with theBloomberg Business News - 270 words
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Article, Illustration47 1994-02-19 10 AFP BOMBAY Indian women demonstrating on Thursday in Bombay, as bank employees all over India observed a one-day strike to protest against the government's move to shut down loss-making branches of state-owned banks and introduce a private banking system. AFPAFP - 47 words
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Article, Illustration355 1994-02-19 10 DBS Weekly Currency Review US$/DM: Bullish outlook maintained USS/DM climbed from the close of 1.7414 on Feb 3 to a high of 1.7675. It then fell sharply on Monday to a low of 1.7190. consolidated for three days and fell again to 1.7120 on Thursday morning.355 words
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186 1994-02-19 10 KnightRidder KUALA LUMPUR Malaysia would like to promote itself as a cocoa processing and trading centre but the country's grinding capacity may not increase soon as international and local demand for cocoa powder has remained poor, sources say. Demand is better forKnight- Ridder - 186 words
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Article, Illustration135 1994-02-19 10 IT WAS a relatively quiet day in the Asian currency market with most of the action taking place in the major currencies. The US dollar opened slightly lower at 1.5885-95 against the Singapore dollar and continued to drift lower gradually over the day amidst slow135 words
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Article182 1994-02-19 10 Reuter LONDON The dollar ended the week looking decidedly dishevelled with the ongoing USJapan trade row and the resilient mark taking their toll. The rot set in on Monday on dollar/yen after talks between the US and Japan broke down and the market began to speculate the US wouldReuter - 182 words
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203 1994-02-19 10 Reuter BOCA RATON, Florida The International Coffee Organisation will continue beyond this autumn and the first order of business is to reach a new International Coffee Agreement that will please current members and possibly lure back ones that have dropped out, anReuter - 203 words
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Article, Illustration1694 1994-02-19 10 I liquet/ intk-\ iuAu/uW anuimi hip H nudum ixinmm., guw tvur (W US$/S$ forward rates Noon Fcto 1» s$ Bid Offer 1-monih 1.5(71 t 5*86 J-monih 1.5864 < MM V month ***** t.SlM 6-monlh I 5862 IJttf Stunt- M W Source: OCBC FOREIGN CURRENCY NOTE RATES As at lOaa m1,694 words
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Article89 1994-02-19 10 AFP NEW YORK The dollar traded unevenly in quiet trading yesterday with many of the traders taking off early for the long Presidents Day holiday weekend. At around 9:30 am, the dollar was at 1.7210 German marks against 1.7220 on Thursday and at 104.50 yen against 104.20. EarlierAFP - 89 words
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COMMODITIES & FUTURES
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1321 1994-02-19 11 Reuter SINGAPORE Simex Euroyen futures ended mixed yesterday after wide fluctuations earlier in the day.' Dealers said the market was waiting for fresh developments to find direction. A dealer with a US bank said: "The Euroyen had been falling sharply for the last threeReuter - 1,321 words
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672 1994-02-19 11 COMMODITY REPORTS Tin TIN breached the psychological MS IS level to close at a 13month high of MS 15.15 a kg on active European, Japanese and local buying yesterday, traders said. The metal rose another 16 sen from Thursday's close. "The market is very672 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article117 1994-02-19 11 SYDNEY The aluminium rally in the US and Europe extended to Asia yesterday, with prices up US$l4 on the London close. Three-month aluminium was last quoted at U551,327-USS 1,329 a tonne. The usually subdued Asian trading day was rattled by active interest in aluminium, traders117 words
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Article83 1994-02-19 11 TOKYO Japan's 1993 customs-cleared imports of gold fell 9.1 per cent from 1992 to 174.57 tonnes, while those of platinum rose 11.5 per cent to 62.13 tonnes, according to the Ministry of Fi- nance. 1993 silver imports were 529.62 tonnes, down 8.4 per cent from83 words
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Article102 1994-02-19 11 TOKYO Zambia is seeking to obtain copper from Chile and elsewhere to "catch up" on its sales commitments, after a series of transportation delays has caused a two-month order backlog, according to a Japanese agent for Zambia Consolidated Copper Mines Ltd. Shipments of refined copper102 words
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Article1567 1994-02-19 11 Rubber Singapore CwiOty [xdui(« (Mint dosing m at if) ESS 1 Contract (S cents/kg) Cose Volume Open Month High Low Sett (tonne*) Interest Mar 94 137.00 137.00 137.25 25 1.275 Apr 0.00 0.00 139.00 0 4.500 May 141.00 141.00 141.00 500 4,650 Jun 0.00 0.00 142.00 0 5.2001,567 words
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REGIONAL STOCK MARKETS
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Article1266 1994-02-19 12 -17.7 The Australian stock market fell to a lower close yesterday as investor sentiment was dampened by a sharp fall in bond prices here, brokers said. The key All Ordinaries index closed at 2,223.2 points, 17.7 points below Thursday's finish, while the All Industrials index dropped 14.1 points to1,266 words
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Article498 1994-02-19 12 -60.02 Taiwan stocks closed down although off early lows as selling in the financial sector resumed, brokers said. Sentiment was depressed by continued worries about the central bank's monetary policy and its opposition to proposals to ease curbs on foreign investment. The weighted index closed 60.02 points down at498 words
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Article268 1994-02-19 12 -40.74 The New Zealand share market fell throughout the day as a result of a weakness in the bond market, in a movement that mirrored opening trade in the Australian sharemarket. The NZSE-40 capital index closed at 2,284.17 down 40.74 from Thursday's close, with 10 points being shaved268 words
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Article577 1994-02-19 12 14.97 Share prices rose at the close on the back of fresh buying into beer and food conglomerate San Miguel Corp (SMC), brokers said. Shares of San Miguel A. which can be bought by local investors, rose to 142 pesos from 139 while B shares, open to foreign buyers,577 words
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Article375 1994-02-19 12 +5.01 Stocks closed higher with buy- ing centred on primary blue-chip manufacturings on the back of the surging yen against the US dollar, which had earlier pushed the index to a 12-point gain, brokers said. The composite stock index closed 5.01 points higher on 925.39. A total of 30.98375 words
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Article62 1994-02-19 12 -47.65 Market leaders were quoted higher in after hours kerb deals after including the expected carry forward costs to be fixed today, brokers said. During the official trading session, prices rose on sustained buying by individual investors and mutual funds, brokers said. The Bombay Stock Exchange 30-share index fell62 words
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WORLD STOCK MARKETS
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Article814 1994-02-19 12 Britannia Funds Stirliag Cask BU OOrr Mim Cap Depoaat It 6400 3* *500 Mini Jenrv Oik JLI093 0 1992 Mim Uu Income I.OHIO I 1000 USS Cask Ikok Phi Fund *10.3000 *10.1)00 PS S kotrvc Fund 3 2400 J 2500 LwofeonSna -0.4992 0 49)1 Far Em Fund *2.7*50 ****** Mm814 words
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Article628 1994-02-19 12 +7.6 UK stocks ended off highs but firm after the Bundesbank cut its discount rate by a half-point to 5.25 per cent, supported by a strong Wall Street and better-than-expected results from Glaxo, strategists said. "I'm comfortable at these levels," said Edmund Warner, strategist at Kleinwort Benson. "We could628 words
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Article121 1994-02-19 12 -29.4 French shares closed softer as operators took cautious positions ahead of the weekend deadline for the ending of the siege of Sarajevo, traders said. The CAC-40 index closed down 29.40, or 1.29 per cent, at 2,251.78. The index has lost just over 1 per cent this week. Volume121 words
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Article128 1994-02-19 12 -0.55 pc Swedish shares ended the week lower after a volatile day partly due to a confused debt market. The Riksbank unexpectedly announced a cut in its key marginal rate to 7.25 per cent from 7.50 per cent effective Feb 21. The OMX-index was down 0.55 per cent at128 words
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Article183 1994-02-19 12 +23.25 German share prices are expected to ease slightly in low-volume post-bourse trade but regain their footing early next week and keep the 30-share DAX index around the 2,150 level, dealers said. The key indicator closed the bourse session at 2,151.97, up 1.09 per cent or 23.25 points from183 words
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Article159 1994-02-19 12 -0.29 Belgian shares ended the first day of the new account barely changed from Thursday's closing levels in the absence of fresh news to inspire investors. Dollar weakness continued to weigh on prices, and losses on other European bourses also hit sentiment, dealers said. The Bel-20 index of leading159 words
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Article136 1994-02-19 12 -0.44 pc Shares ended easier overall after the market failed to be impressed by the Bank of Italy's 0.50 percentage point cut in the discount rate to 7.5 percent. Increasing concern over politics in the run-up to elections on March 27-28 deterred foreign investors, with party line-ups dominating attention136 words
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Article244 1994-02-19 12 -I.4pc Dutch shares dropped swiftly in hectic trade at the end of the session as a late surge of negative sentiment pulled the market down. The AEX index lost 1.4 per cent or 6.05 points and closed at 426.86 points, in line with lower New York and London markets.244 words
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Article295 1994-02-19 12 +20 Gold shares ended substantially lower yesterday as selling pressure mounted in afternoon trade, dealers said, sparked mainly by gold price weakness. They said investors were also squaring positions and taking some profits ahead of the weekend, especially with New York's Monday holiday. The overall index lost 35 points295 words
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Article298 1994-02-19 12 -5.11 Toronto stocks were mixed in early trading with a weak session expected today as investors hug the sidelines ahead of Tuesday's federal budget. Profit-taking in precious metals offset slight gains in transportation and consumer products. The Canadian dollar opened within a narrow range today in anticipation of the298 words
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Article860 1994-02-19 12 -5.07 The Dow Jones Industrial Average was down 5.07 points to 3,917.57 at 11 am EST yesterday. The New York Stock Exchange composite index was down 0.11 to 261.27, while the SAP 500 index was off 0.04 to 470.30. Declines overtook advances 856-849 among the 2,491 issues. Volume860 words
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Article, Illustration2918 1994-02-19 13 Reuter HONGKONG Shares finished moderately firmer in lifeless trading stilled by caution in the face of a key interest rate meeting by local banks later in the day. The blue-chip Hang Seng Index was up 39.30 points to close at 10,825.88. It jumped 152 points on Thursday and wasReuter; Source: Bridge Info - 2,918 words
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Article, Illustration507 1994-02-19 13 THE CLSA Shanghai B Index soared 31.08 points or 3.36 per cent to 954.66 yesterday, triggered by Jinqiao's strong reported results. Dazhong was the best performer of the week climbing 23 per cent to US$l.62 on the news of the company's director board resolution on the conversion of the507 words
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Article, Illustration2438 1994-02-19 13 Reuter TOKYO Tokyo stocks ended slightly ahead after lacklustre trading yesterday. A weaker Japanese government bond market and the three-day weekend in the US hit investor sentiment in the mid-afternoon and pushed shares off highs, dealers said. Dealers see the Nikkei Average hovering around 19,000 until the Japan-US tradeReuter; Source: Bridge Info - 2,438 words
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Article, Illustration1781 1994-02-19 13 Reuter BANGKOK Thai stocks ended a volatile trading day up 10.88 points to 1.456.08 as investors focused on individual stocks, keeping the index well above what brokers called a kev resistance level at 1.440. "This is a good trend in the medium-term," said Thong-glod Bhichaikul at United Securities, puttingReuter; Source: Bridge Info - 1,781 words
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Article, Illustration1144 1994-02-19 13 Reuter JAKARTA Jakarta share prices dipped further at yesterday's close in slow trading and bearish sentiment, brokers said. The official index fell another 9.91 points to end at 554.78. "Sentiment has not recovered and investors seemed to continue taking their profits out of a slumping market." one foreign brokerageReuter; Source: Bridge Info - 1,144 words
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Article2762 1994-02-19 14 MOST ACTIVE votome AM OB 50c 25 846 000 Sri Hartamas I 3. 14V 000 (icncrat Corp 6.791.000 kins H\d MX- 4.407.000 Fabcr (iroup 4.467.000 Ramunnng MX: 4 41 3.000 Salcras Kcs 3.444.000 PriMiKt 3.246.000 Tan Chong 50c 2.877 000 Kcnona Bhd 50c 2.840.000 Johan Hldgs 50c 2.5282,762 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5816 1994-02-19 14 Bernama KUALA LUMPUR Share prices here rebounded on selective bargain-hunting and closed higher amidst investors* cautiousness due to the Sabah election yesterday. Analysts said a win for Barisan Nasional was expected to improve sentiments in anticipation of an early general election. Poll results will beBernama; Source: Bridge Info - 5,816 words
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STOCK EXCHANGE OF SINGAPORE
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Article7054 1994-02-19 15 MAIN BOARD Transaction date: Feb 18 Cr Gi LmI Val Dq Lm Qm> Di» DK VU NM M Cap High Law Camrmm> Satr (tM) High Low Buyer SrUn Or r/t Ml MOUSTRML AMD COMMERCIAL 1440 260 I Acma 1120 -30 80 1140 1120 1110 1130 12.) 2.1 I.I 48 57,054 words
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Article, Illustration1831 1994-02-19 16 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Local share prices finished little changed yesterday but Malaysian counters traded on Clob International were firm. Brokers say they were encouraged by growing interest shown on Clob-traded Malaysian counters. The counters benefited from investors buying aheadCharts by Bridge Info; Source: Bloomberg - 1,831 words
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Page 6 Advertisements
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Advertisement366 1994-02-19 6 NEWS VALUE How today's ne*s might affect your stocks Analysts expect Budget to bo contractionary (pg l) Minimal impact unless Budget contains surprises, which is unlikely. Anwar wants to renegotiate Mssoom deal between Sabah state and Lion Group (pg 1) Bad Tor Lion, even if the Sabah opposition retains control366 words
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Page 7 Advertisements
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Advertisement128 1994-02-19 7 Unbelievable but true. All there is to know Japan its economy politics and many &a more —at your 1; fingertips JAPAN: AN ILLUSTRATED ENCYCLOPEDIA contains over4,ooo colour photos and illustrations. More than 2 million words in 12,000 entries. Nearly 100 feature articles and eye-catching pictorial essays. All these plus 24128 words
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Page 9 Advertisements
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Advertisement278 1994-02-19 9 Sound, Solid Secure ff j J^j^l|^^^[[[|[[l|i^ -V i— i^^w<Pnt*Ma2gH^^BaH^H^ Yes, we believe a substantial portion of your savings should be placed in investments which are Sound, Solid I The Asia Life CPF Approved Plans Action Form I Secure. That's why we think you should take a closer look at our278 words
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Page 11 Advertisements
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Advertisement19 1994-02-19 11 "I deal in cameras. AndlJmow whereto get good exposure." •*«eo lo sr *****13 Call today for results tomorrow. 737-116619 words
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Advertisement67 1994-02-19 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. You may have been unable to get your Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure67 words
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Page 12 Advertisements
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Advertisement30 1994-02-19 12 Business Times WE KNOW ASIA Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation Fax jßgj? iliiS M Tel: 1800-749 2577 744 4875 Tel: (O) (H)30 words
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Page 13 Advertisements
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Advertisement8 1994-02-19 13 property CONSTRUCTION Every Tuesday, in Business l imes8 words
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Page 14 Advertisements
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Advertisement56 1994-02-19 14 P 37-050 ST 82-775 TOP (Nicam Stereo) *WJU*>BL£ AT *U- IE*I« DEFERS nrnw r+m inmir* Showroom: 298 Beach Road. #81-09/10 The Concourse. Singapore 0719 Tel: 299 2233 I7(#t#fffff(f 9T(#fCrCff Crf £rfcff# CM UwUIUI Hit Office: 300 Beach Road. #2541/02. The 0719 Tel 298 2211 Fa* 295 5300 -—T J~ Service56 words
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Page 15 Advertisements
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Advertisement127 1994-02-19 15 §njy my boss would J xjocJ "bo these ads. A #r ANY JOB. ANY CAREER. —ssKj9 Available Any Day. r I ANY t,me anywhere. iHU A /§3 I ThC Stnait* TiMta Tm« *onoav TimM Busimcu Ti«f» I J U ®C3> 1 J I *3 Tmc New P«na UMHI Zaosao Uanmc127 words
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Page 16 Advertisements
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Advertisement323 1994-02-19 16 M __JL a IIJLXJLJLJL-S__T I M E s T I ;/tmi?'if;' I Vif:-. ■}c?v. i cgßJpt :"r v r -H' ~/•£>; f V PORT SHOTS The latest in sea, air and land transportation. Shipping Times. Monday to Friday. Business Times ww atom Am IN THE MATTES OT THE COMPANIES ACT.323 words
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Advertisement398 1994-02-19 16 IN THE MATTE* OF THE COMPANIES ACT, CHAPTER AND IN THE MATTES OP EPSON PACIFIC (SINGAPORE) PTE LTD (la members' voluntary winding-up) Notice is hereby given that the Fiaal Meeting of members of the company will be held at 4 Sooa Lee Road. Juroog. Singapore 2262 on 21 Mvch 1994398 words
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Executive Lifestyle
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Article, Illustration1501 1994-02-19 17 Shahiron Sahari - Shahiron Sahari catches up with Greg Norman in Batam and finds out more about his philosophy of golf course design Shahiron Sahari LEGENDS, it has been said, always look smaller in real life. Striding purposefully through the grounds of the upcoming Tering Bay Golf and1,501 words
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STRAWS IN THE WIND
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Article37 1994-02-19 17 IMAGINE there is no heaven. Heard on one of SlA's inflight music programmes: "That was, of course, John Lennon's Jealous Guy from 1985." They must have heard him from heaven Lennon died in 1980.37 words
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Article36 1994-02-19 17 IN BEIJING recently, a Singaporean was shocked to be served Peking duck straight from the freezer. He confronted the waitress with the frozen duck, who replied, "I didn't do it", and walked away.36 words
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Article68 1994-02-19 17 IN CONJUNCTION with Valentine's Day, GQ magazine printed excerpts of love letters written some 150 years ago. One letter from London went: "My love, I kissed your letter over and over again regardless of the smallpox epidemic." Another one, by a soldier, went: "Dear wife, with pen68 words
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Article46 1994-02-19 17 A BBC interviewer asked a film reviewer why film critics were not raving over Bertolucci's Little Buddha despite the Dalai Lama's blessings. His candid reply: "I'm afraid they've seen more films than the Dalai Lama." In fact, it was the first movie he'd seen.46 words
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OPINIONS
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Article, Illustration1047 1994-02-19 18 William Chia - On a recent visit, William Chia found the Chinese bending over backwards to woo foreign investors William Chia The writer is a BT correspondent MY first encounter recently with communist China, where foreign capitalists are given the glad hand, was certainly a cultural1,047 words
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336 1994-02-19 18 Kwek LH - Kwek LH THERE is another way to "short cut" the payment for share transactions using CPF money. By simply building on existing automated phone facilities like the CPF PAL, investors could be allowed to directly make or authorise payment from their CPF accounts to336 words
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160 1994-02-19 18 Denis Distant - Denis Distant ON THE day shares are first traded on an ex bonus or rights issue, they inevitably incorrectly appear in the list of top losers for that day because the Stock Exchange of Singapore computerised system does not provide for the160 words
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996 1994-02-19 18 Vikram Khanna - Vikram Khanna reviews a book which makes some controversial proposals Vikram Khanna The writer is BT's Regional Economics Editor. "India s Economic Future: Government, People and Attitudes" by Dr VV Bhanoji Rao is available locally. Tata-McGraw Hill. $21.50. OVER the last996 words
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986 1994-02-19 18 Neville Stack - Neville Stack makes a plea for the return of gentlemanly conduct in British politics Neville Stack The writer is a political commentator based in London. He writes regularly for BT. THE term "gentleman" means everything and nothing. It is hard to define and even986 words
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Article278 1994-02-19 18 K Shanmugam Allen; Gledhill - LETTERS TO THE EDITOR K Shanmugam Allen Gledhill I REFER to the reports in BT on the NOL share case. In fairness to the Defence. I would like to point out that the Prosecution has conceded that: I. Mr Tan Boon Chiang did not278 words
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CORPORATE PROFILE
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Article, Illustration2209 1994-02-19 19 S N Vasuki - Asia's corporate giants A fortnightly sori- South Korea's Samsung Group, in quick response to the country's changing economic and political climate, launched a new business strategy last year. S N Vasuki finds out how the group has been transformed from talking to Samsung Electronics' president Kim Kwang2,209 words
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Article553 1994-02-19 19 KIM KWANG HO's imposing executive office is located on the 10th floor of the Samsung Main Building in downtown Seoul. It resembles a war-room. Office ladies handle long-distance telephone calls in their flawless English; aides scurry around nervously with files as Mr Kim goes into a553 words
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Article546 1994-02-19 19 THE STORY goes that sometime in 1991, Samsung Electronics chairman Lee K.un Hee discreetly visited the company's North American consumer electronic dealerships. He was horrified with the feedback he received from distributors. He was told that Samsung's consumer electronic products were perceived poorly in this allimportant market546 words
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ENTERTAINMENT
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Article, Illustration1354 1994-02-19 20 Garth Pearce - Mia Farrow has been through one hell of a year but is determined to get on with her life. She talks to Garth Pearce about her plans Garth Pearce NYT Mia farrow is a woman under stress and looks it. She's sitting in the corner of aNYT - 1,354 words
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Article, Illustration663 1994-02-19 20 SUSAN TSANG - Cinema Review By SUSAN TSANG AFTER five years in the cooler, racketeer Carlito Brigante returns to find the old way of life gone. With all his friends swept away, he figures it's time to retire, but he'll do it Carlito's Way. With Brian De Palma663 words
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Article, Illustration779 1994-02-19 20 CHUANG PECK MING - Book Review By CHUANG PECK MING Disclosure By Michael Crichton Century $34.95, 404 pages IN A review of Disclosure in the London-based Spectator, Julie Burchill slams Michael Crichton and calls him a misogynist. A cheap one at that, who wrote his latest hit novel with a multimillion dollar779 words
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SPORTS
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Article, Illustration441 1994-02-19 21 XVII Winter Olympic Games AP LILLEHAMMER, Norway Cross-country star Lyubov Egorova and speed skater Svetlana Bazhanova won more gpld for Russia on Thursday and extended their country's lead in the Olympic medal standings. Norway stayed close to the Russians in the medal tableAP; AFP - 441 words
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SPORT SHORTS
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Article, Illustration37 1994-02-19 21 Reuter NEW YORK NBA Hiursday: Boston 98 New Jersey 117; Cleveland 95 NY 102; Miami 115 Seattle 112; Washington 109 Minnesota 105; San Antonio 115 Detroit 96; Dallas 73 Indiana 84; Golden State 119 Atlanta 115.Reuter - 37 words
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Article, Illustration57 1994-02-19 21 Reuter WELLINGTON Pakistan was 398 for four at closc of play yesterday. the second day of the second test match against New Zealand. Scores; New Zealand first innings 175 (Akram four for 60); Pakistan first innings 398 for four (Saeed Anwar 169. Basit Ali 85, Salim Malik 62 notReuter - 57 words
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Article, Illustration236 1994-02-19 21 Reuter AFP Reuter INDIAN WELLS, California Scott Hoch turned in the lowest round of his career on Thursday, a sizzling 10-under-par 62, to tie the course record and vault into a three-stroke lead at the 90-hole Bob Hope Gassic after two rounds. Hoch stood at 16-under-par 128, just oneReuter; AFP - 236 words
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Article, Illustration298 1994-02-19 21 AFP Reuter AFP IXJNDON Nigerian-born Steve Ojomoh will win his first England cap against Ireland in the Five Nations championship at Twickenham today. Ojomoh. 23. replaces British Lion Ben Clarke who withdrew from the team on Thursday after failing a fitness test on his injured right arm. AFP HONGKONGAFP; Reuter - 298 words
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Article, Illustration43 1994-02-19 21 AFP STUTTGART, Germany Stuttgart tournament 2nd round Thursday; Arnaud Boetsch (Fra) b Karel Novacek (Cze) 6-3 7-6 (9/7); Sergi Bruguera (Spn \2) b Eugeni Kafelnikov (Rus) 1-6 7-5 6-1; Magnus Gustafsson (Swe x 5) b Cari-Uwe Steeb (Ger) 6-3 U 6-1. AFPAFP - 43 words
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Article, Illustration26 1994-02-19 21 Reuter NEW YORK NHL Thursday Pittsburgh 6 Hartford 4; Tampa Bay 4 Montreal 3; Toronto 2 New Jersey I; Chicago 2 Vancouver 4. ReuterReuter - 26 words
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Article408 1994-02-19 21 Australian Masters AP MELBOURNE South African Ernie Els fired his second threc-under-par round of 70 yesterday and grabbed a share of the second-round lead in the Australian Masters golf championship alongside American Patrick Burke. Els. 24. is playing in Australia for the first time, butAP - 408 words
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PEOPLE
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Article, Illustration210 1994-02-19 21 ALMOST $300,000 was raised for the Home Nursing Foundation at a charity dinner held on Royal Moghul Night two weeks ago at the Hyatt Regency. The dinner was attended by prominent members of the business community. In addition, 5 per cent of the sale proceeds ofPhotos by Arthur Lee - 210 words
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TIME OFF
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Article144 1994-02-19 22 Bugis Street the Musical Locally produced play about a girl who was bom in Bugis Street but raised in England for 20 years. Upon her return, she finds that her job with the URA involves the demolition of Bugis Street. Till Feb 22, Bpm daily except Wednesdays; with matinees144 words
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Article321 1994-02-19 22 Drums for Spring The SSO, under the direction of Lim Yau, will perform a programme of Chinese music. An ensemble of percussionists, led by virtuoso drummer Li Meng Xiong from Shanghai, is featured. Today, 8.15pm at the Victoria Concert Hall. Tickets at $4. $7, $10. $15 and $25 available321 words
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Article243 1994-02-19 22 Annie Hall Woody Allen's masterpiece on the relationship between two people Allen and Diane Keaton and how they cope with life won Oscars for Best Direction, Best Screenplay, Best Actress (Keaton) and Best Picture. Today. 9.15pm at the Jubilee Flail. Tickets at 55 available from the National Council of243 words
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Article207 1994-02-19 22 Building Good Mental Health in Your Family Esther Tzc Wong, marriage and family counsellor with Touch Community Services, and president of the Society Against Family Violence, will present this talk. Today. 4.30pm at the National Council of Social Sen ices (NCSS). 11 Penang Lane. Fee: $5. Call207 words
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Article, Illustration938 1994-02-19 22 Raffles in England A display-cum-sale of 18th and 19th century prints documenting the lifestyle of Sir Stamford Raffles. Till tomorrow. 10am to 6pm at Antiques of the Orient. *02-40. Tanglin Shopping Centre. Free admission. From Ritual to Romance This exhibition features more than 70 pieces of 20th938 words
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Article64 1994-02-19 22 Trio's Bash '94 A gathering of three bands featuring local musicians. Rock bands Manic Mushroom guitarist Eza's latest incarnation; Havana Haza and Trio Hope will perform. Today, spm at the Guinness Theatre. Free admission. Sunday Market Collectibles, arts and crafts and other such items will be on64 words
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Article55 1994-02-19 22 Second Asean Youth Symphonic Band Workshop The National Arts Council is inviting young Singaporean musicians below 25 years old to audition for the workshop to be held in Thailand from June 3 to 13. Feb 26 and 27. For application details, call Dorcas or Clara at 270-0722. Closing date55 words
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Article108 1994-02-19 22 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum Galleria, Liang Court, Raffles City, Scotts, Specialists' Centre, Takasnimaya. Cold Storage at Jelita, Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores, Wisma Atria, Centrepoint and Tangs. Hotline: 269-2929. If108 words
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Article, Illustration715 1994-02-19 22 Nirmal Ghosh, Shahiron Sahari - Two top talents will be in town next week. Nirmal Ghosh looks at the life and work of Bob Dylan, while Shahiron Sahari profiles Wynton Marsalis Nirmal Ghosh, Shahiron Sahari 808 DYLAN'S lyrics define things. The spare, serious young man who wrote anthems like Blow in In715 words
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Article, Illustration462 1994-02-19 22 HAILED as the greatest trumpeter of his generation and eertainly one of the most acclaimed of any other. Wynton Marsalis is also a musician with very definite and forthright views about his art. Easily talked about in the same breath as Duke Ellington, Charlie Parker, Miles Davis462 words
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PERSONAL FINANCE & INVESTMENT
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Article, Illustration1531 1994-02-19 23 Agnes Chen - Bitten by the bull bug, Singaporeans in the past one year have turned into ardent stock buyers. Stories of fast bucks ana mega profits have lured many into diverting some or all of their life savings sp into shares. But with atGraphics by Ben Cruz - 1,531 words
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Article, Illustration1187 1994-02-19 24 Agnes Chen - Agnes Chen finds out from fund managers their views on performance ranking and how to maximise return on investments Agnes Chen IT IS OBVIOUS enough that the fund which keeps losing money regardless of market conditions is the fund to avoid. Conversely, it follows1,187 words
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Article468 1994-02-19 24 BE PATIENT and give your fund manager a chance to make some serious money for you. All too often, fund managers say, investors shoot themselves in the foot by trading unit trusts like they would trade shares. However, the cost of buying and selling468 words
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Article, Illustration37 1994-02-19 24 Mote: Last column thorn new funds (CL and MG) and funds with nsw investment focus. Bid cfiar pries as at February 15,1994. rerrormance cnam oy mcropa Ltd Information compiled by Lewis Mitchell.Graphics by Jennifer ChuaInformation compiled by Lewis Mitchell.Graphics by Jennifer Chua - 37 words
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Article, Illustration1659 1994-02-19 25 Roger Portnoy - In these rollercoaster days of market volatility, Roger Portnoy recommends unit trusts for a good night's sleep Roger Portnoy The writer is global director of research and development at Thomson Financial Services LOCAL investors in the stock market are unlikely to forget the beginningSource: Thomson Services - 1,659 words
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Article, Illustration1243 1994-02-19 26 Tan Keng Hock - That is the question vexing unit trust holders. Tan Keng Hock offers some advice Tan Keng Hock The writer is a director at Schroder Investment Management (Singapore) Before your unit trust investment turns sour, or you actually realise a loss because you sold units1,243 words
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Article805 1994-02-19 26 Joyce Quek - For those baffled by the figures tagged to their investment, Joyce Quek helps answer the question Joyce Quek DON'T know which stock to buy? Look at unit trusts, you are advised. They are created to invest in a basket of assets, be they805 words
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Article509 1994-02-19 26 Carl P Meerveld - Carl P Meerveld explains how to use Micropal's table on unit trusts' performances Carl P Meerveld The writer is a director at Millisis Financial Systems (HK), the agents for Micro pal and Wyatt Software WHENEVER investors consider an investment. whether it be in property, stocks or509 words
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Article798 1994-02-19 26 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Launch 1 mth 3 ■th» 6 mtha 1 yr 2 yra 3 yra Ranking M »t February 14, 1994 Ranking u at Febnmry 14. 1994 Singapore Straits Times -1.05 10X7 29.44 44.53 53.05 Mil798 words
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EPICURE
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Article, Illustration664 1994-02-19 28 JAIME EE - Bm Appetit By JAIME EE MERYL Streep obviously couldn't make it for the Hilton Hotel's "Out of Africa" promotion at its Harbour Grill restaurant. What's less clear, though, is whether ostrich meat will appear on the menu during the week-long promotion. When we were there to664 words
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Article, Illustration1089 1994-02-19 30 Beethoven's Second. The St Bernard finds a mate. With four adorable little bernies, Charles Grodin is miserable. Lido: 11.15; 1.45; 4.15; 7; 9.30, plus midnight tonight. Capitol: 11; 1.30; 4; 6.30; 9.15. Jurong: 11; 1; 3; 5; 7.30. Changi: 11.15; 1.45; 4.15; 7.15; 9.30, Republic: 11; 3; 5; 7.1,089 words
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Page 17 Advertisements
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Advertisement311 1994-02-19 17 I WWW i I The **+*«>/ way of turning shares into I ir WfSTORY IN TIME 5 Nr Planetarium Copernicus. Handmade in IBct gold, individually numbered, sapphire crystal, water resistant to 30 m. Shockproof. Lady Newton. Automatic with power reserve, small second and date indicator. 18a gold or stetl/gold Alto311 words
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Page 18 Advertisements
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Advertisement15 1994-02-19 18 Doonesbury and Bristow are on Page 4 Appointment Ads Help You Find The Right Candidate15 words
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Advertisement17 1994-02-19 18 The Straits Times CLASSIFIED Where buyers and sellers meet Find someone to videotape your wedding. CLA.T.S. 737-11—[17 words
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Page 21 Advertisements
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Advertisement129 1994-02-19 21 ADVERTISEMENT Rnsjnesflimfls/KFNWQOD GOLFING TIPS J. By BRETT BRASIER PROFESSIONAL GOLFER Fuly Qualified Member Of 5.P.G As Dip in Golf Management -IB! Excessive 'bounce' through the shot. Expect a low-flying shot so allow for more run than usual. play from a plugged lie in a bunker /M 1/1 Q I Because129 words
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Page 23 Advertisements
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Advertisement48 1994-02-19 23 In other pages Does performance tell the whole story? ELB •Be patient ELB Fund facts ELB A cure for an investor's insomnia EL9 Who's who in the business EL9 To sell or not to sell? ELIO How much is my unit trust worth? ELIO Performance ranking table ELIO48 words
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Page 25 Advertisements
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Advertisement453 1994-02-19 25 Why settle for a single blue chip... «i j i I w i i "j fl§ W ...when you can let Morgan Grenfell turn your CPF into a bundle. If the thought of investing your CPF in more blue chip Outstanding performance j j shares than you ever hoped possible453 words
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Page 26 Advertisements
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Advertisement27 1994-02-19 26 Find a new tuner for your trumpet Toot your trumpet to a variety of virtuosos and clean out your store room with a convenient, fast-acting classified ad.27 words
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Page 27 Advertisements
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Advertisement262 1994-02-19 27 Introducing the first Regional China Fund. Because there's one word on the minds of over one billion people. i f jmJ *9 p^j That word, of course, is wealth. But it's not unique experienced and recognised fund managers in Asia-Pacific to the people of China. In fact, anyone with as262 words
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Page 28 Advertisements
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Advertisement0 1994-02-19 28 <&:!)-/'/^)+;`=[$).`~:~=$;$%]..0 words
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Advertisement75 1994-02-19 28 HIWHJ Okie English Eating House 277 Orchard Rd #02-38 Spedafets' Centre S(O9Z3) i— Spfd«llTfd In rtmirs, ftwhowe fare, (Good restaurant glide award winner) DEVONSHIRE CREAM TEA (Served from 3pm 6pm) Oven hot scones with butter, sandwiches, cake and pastry with a pot of tea or coffee $8.50+ jfjrcu 737 *****;75 words
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Page 29 Advertisements
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Advertisement641 1994-02-19 29 fcj NflU ling Beats A Bud. o or vSS^E^SSS GENUINE taste OF ITALY. Come and dine at Pasta Fresca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert, Tiramisu. PASTA FRESCA DA SALVATORE PTE LTD BLK641 words
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Advertisement236 1994-02-19 29 a WHERE TO WINE, DINE AND ENTERTAIN XIAN FOOD FESTIVAL (February 14 to 27) Famous Xian cuisine prepared by a quintet of Xian chefs, flown in by Silk Air Cafe Plaza Buffet Lunch Dinner Adult: $18.50* Child $12.00* r€ ——a-, K«OOQ-'motTK Lp A la carte Xian dishes for lunch and236 words
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Advertisement339 1994-02-19 29 llinoiiglio ibiiionigiko Enougli. 'Enough is enough. "When our guests start on the appetiser spread at our monthly international lunch buffet, they never finish. In fact, they always end up conceding that they ve had more than enough. Come try it to believe. Jot reservations, please call *****51. rr^ Singapore s339 words
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Page 30 Miscellaneous
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Miscellaneous2257 1994-02-19 30 TODAY'S TV HBTTM7IHI 630 Tlw WorM 01 WiM (See "V 10.30 Htbctach. i I il»JLnOur Choice, Last ep). M y kJkS 11.00 Saperboy. BMMHHOBH 7.00 Today in France (See Our '«i 11.30 Siiwi Stmt Toxic Effects, 2pm, SBC 5 Those Who Dare, 5.30pm, Choice). 7 12.00 NN News. An ex-biologist2,257 words
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