The Business Times, 5 March 1994

Total Pages: 28
1 28 The Business Times
  • 14 1 Business Times MITA(P) 010/12/93 Weekend Edition. March 5-6 1994 if KNOW ASIA 15 c
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  • 411 1  -  By ii.. A J Leow, Ven Sreenivasan SINGAPORE Almost all 248 units at City Developments' Mirage Tower project in Kim Seng Road were snapped up at a soft launch yesterday at new benchmark prices of up to $900 per sq ft. By 6.30pm
    411 words
  • 319 1  -  By R Sivanithy SINGAPORE The Singapore stock market turned upwards suddenly in late afternoon trading yesterday, breaking a four-day losing streak. It had looked like another bad day, with the Straits Times Industrials Index giving up almost 30 points by 3pm, when
    319 words
  • 553 1 AP, Reuter, AFP TOKYO Japanese leaders and commentators yesterday denounced US President Bill Clinton as a bully and an enemy of free trade for his decision to revive a tough provision of US trade law. But they played down the likelihood
    AP,; Reuter,; AFP  -  553 words
  • 469 1  -  By Harish Mehta SINGAPORE Macau casino king Stanley Ho will open Vietnam's first casino next month, in the northern port city of Haiphong. Dr Ho, widely known as "Mr Macau" because of the eight casinos he runs in the Portuguese colony,
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  • 409 1  -  By Ven Sreenivasan SINGAPORE Paint specialist Berger International Pte Ltd has obtained in-pnn-ciple approval for a listing on the main board here. The company is expected to make its initial public offer by the end of April, making it the first paint
    409 words
  • 2am LATEST
    • 44 1 Reuter NEW YORK Wall Street stocks extended their rally into midday yesterday, buoyed by receding fears of an immediate hike in interest rates, analysts said. At Ipm EST. the Dow Jones Industrial Average stood at 3.838.40, up 13.98 points.
      Reuter  -  44 words
    • 43 1 Reuter BRUSSELS The European Union formally agreed a proposal simplifying companies* listing obligations in European Union stoek exchanges, which is seen as a pre-condition for the full launch of an EU-wide trading system known as Eurolist. Reuter
      Reuter  -  43 words
    • 64 1 AP JOHANNESBURG The Zulu nationalist Inkatha Freedom Party decided yesterday to register for South Africa's first all-race election, but set several conditions for competing in the April vote. Those conditions include international mediation on its demand for an autonomous or independent Zulu homeland
      AP  -  64 words
  • 161 1 Stock market indices Friday Change STII 2,248.63 KLSEComp 1.064.34 -6.24 Nikkei 19.966.00 +360.14 Hang Seng 9.918.19 +116.16 SET Index 1.359.25 +18.87 Jakarta Comp 521.38 -8.99 CLSA China B ...1.160.07 -13.61 Aust All Ord 2.116.8 -34.6 FTSE 100 3.278.0 +31.5 Friday Previous 1pm close Dow Jones 3,838.40 3.824.42 Average
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  • Page 1 Advertisements
    • 24 1 Antiques and paintings: ti i Some good buys from Asia Full reports, Pages 12-16 Singapore studies feasibility of industrial estate in Vietnam, Page 3
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    • 11 1 Asia's corporate giants: el j Sega blasting towards the next barrier
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    • 8 1 Asia-Pacific nations hit out at US, Page 5
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    • 247 1 Hock Lock Siew: Pg 6kY y\ Double your entitleniteA to ty'twwrights issues Since 1735 there has never been a quartz Blancpain watch. And there never will be. The ultra-slim »atch Expressing the essential. The first masterpiece in the art of watchmaking is portrayed by ideal perfection in the mechanical watch.
      247 words
    • 70 1 Stocks Jlil under siege: H Mil Time to get out VmA of the stock market? XKxf Banks* profits up, J shares down: Turn to El- 4, VrR Personal Finance A Investment CONTENTS S pore News 2 Spore* sa 6.7 Regional News 3.4 Financial 9.10 KorU 4.5 Features MuMt Opinions EL2
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  • SINGAPORE NEWS
    • 381 2  -  By Genevieve Cua NON-OIL domestic exports, commonly used as a barometer of the health of Singapore's manufacturing sector, grew 31 per cent in volume terms in Januarv. Hut analysts sa> the figures. released yesterday by the Trade Development Board, must be seen against
      Source: TDB  -  381 words
    • 358 2  -  By Anna Teo AN appreciating Singapore dollar may hurt service exports more than merchandise exports, according to a study by a university economist. The import content of Singapore's merchandise exports is substantial, notes Tilak Abeysinghe. a senior lecturer in the National University of
      358 words
    • 81 2 Corrections clarifications IN Dr Chandran Jeshurun's comment on Sahah politics in Bl's Regional Analysis I'age on Wednesday, an editing error had turned one of his remarks to read: "liven the hard core of Muslim support in Aclonian had allied itself with the predominantly Rada/an Christian and Chinese-supported PBS to oppose
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    • 237 2 IN' RESPONSE to public concerns and complaints about perceived profiteering, hawker food prices are being monitored by the Department of Statistics (DOS) as a run-up to the implementation of CiST here in April this vear. Under the auspices of the Committee of Profiteering and
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    • 170 2  -  By Arthur Lee AMERICA'S oldest motorcycle. Harley Davidson, will be distributed in Singapore from next month by Konioco Motors. which is better known for Hyundai cars. The first batch of 24 bikes will arrive early in May. with another 24 about a month
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  • Page 2 Advertisements
    • 1299 2 OVERSEAS UNION SECURITIES LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Securities Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 The Group The Company Incr/ Incr/ 1993 1992 (Deer) 1993 1992 (Deer) SS'OOO SS'OOO SS'OOO SS'OOO Total
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  • Page 2 Miscellaneous
    • 397 2 WEATHER Singapore: Cloudy, with occasional showers from mid morning. (Temperature range: 24 30). Ma-Padfc Hi/La* Cm*. Europe M/IV Ccad Boeros A*es 26 20 Clear *ocKlarj 2S 16 Chxi3* *msto»OJrti !0 01 Cloudv Cl-icagc 00 9 Clou*. Barg».ot. 35 26 Cloud* *wers 20 06 OduOy tlorolui, 27 17 Clear Bei,mg 06
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  • THE REGION
    • 499 3  -  PM Goh's visit to Vietnam From Loh Hui Yin in HO CHI MINH CITY LOCATION, land, labour costs and incentives from Vietnam are among the factors which Singapore must consider before it takes up Hanoi's proposal to develop an industrial park.
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    • 170 3 AFP HANOI The World Bank had allocated US$96 million (S$ 151 million) in a 40-year zero-interest loan for Vietnam aimed at expanding credit for farmers and developing rubber plantations, the Communist Party daily Nhan Dan said yesterday. The agreement was signed in
      AFP  -  170 words
    • 266 3 Bloomberg Business News, Reuter HONGKONG China has appointed 274 Hongkong citizens from various walks of life to advise Beijing on local affairs, a Xinhua News Agency spokesman said yesterday. "The full list will be made public this afternoon," said Chen Wenjun, a propaganda
      Bloomberg Business News,; Reuter  -  266 words
    • 333 3 AFP TOKYO Forecasting a gradual economic recovery, Japan yesterday formally set a 2.4 per cent economic growth target for the new fiscal year, up from an estimated 0.2 per cent expansion in the current year. "The time is steadily
      AFP  -  333 words
    • 431 3 AFP SYDNEY Australia's economic growth may have accelerated to an annual rate of 4 per cent or more during the last three months of 1993, analysts said yesterday. Economists here were revising upwards their estimates for gross domestic product (GDP) following
      AFP  -  431 words
    • 522 3 Reuter LONDON The editor of a British newspaper at the centre of a trade dispute with Kuala Lumpur said he regretted the row. but denied that his reporters had suggested any impropriety by the Malaysian Prime Minister. Sunday Times editor Andrew
      Reuter  -  522 words
    • ASIA NOTES
      • 70 3 Reuter SHENZHEN The top Chinese official in change of Hongkong affairs yesterday pledged that Beijing will not station the People's Armed Police in Hongkong after 1997 and will prevent cadres from exploiting the territory. Lu Ping, director of the Hongkong and Macau Affairs
        Reuter  -  70 words
      • 90 3 AFP TOKYO Japan's exports of video cassette recorders rose 4.8 per cent from a year earlier to 993.157 units in January, boosted by exports to China and Indonesia. The Electronic Industries Association of Japan said yesterday that exports to the United States fell 28.2 per cent
        AFP  -  90 words
      • 75 3 Bloomberg Business News JAKARTA Indonesian exports grew at a sluggish pace of 8.4 per cent last year to US$36.B billion (5558.1 billion), the Jakarta Post said, citing comments by Minister of Information Harmoko. This compares with 27.6 per cent growth in 1992. Imports grew
        Bloomberg Business News  -  75 words
      • 89 3 AFP KUALA LUMPUR Malaysia's atomic energy officials yesterday began investigating claims that a partly Japanese-owned chemical plant, which has ceased operations, buried radioactive waste in the factory grounds. Samples of sand, water and marine life in the river that runs near what used to
        AFP  -  89 words
      • 81 3 Reuter JAKARTA The World Bank has threatened to pull out of-a donor meeting for the Solomon Islands because of what it says Is a recent doubling of the territory's timber output, bank sources said here yesterday. In a report, the bank said that the
        Reuter  -  81 words
      • 84 3 AFP BANGKOK Thailand is to return control of international air traffic over southern Vietnam to the Vietnamese on Dec 7, a Thai Air Traffic Control Centre official said yesterday. Thailand, Hongkong and Singapore have shared control of the airspace since 1975, after the military victory
        AFP  -  84 words
    • 468 3  -  By Harish Melita SINGAPORE Cambodia says it will not award telecommunications contracts worth about US$l3O million (SS2OS million) to international bidders until an ambitious system masterplan is completed by June. Many foreign firms have proposed to install about 10,000 ground lines in Phnom Penh, but
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  • Page 3 Advertisements
    • 136 3 at Your #y yM/v^ivyMcv J •#Ufl// lu/ij m Unbelievable but true. AU there is to know Japan its economy politics and many ***** more —a/ j/o«r fingertips JAPAN: AN ILLUSTRATED ENCYCLOPEDIA contains over 4 /XX) colour photos and illustrations. More than 2 million words in 12/ XX) entries. Nearly 100
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  • THE REGION/WORLD
    • 470 4 loomberg Business News Reuter, AFP, NEW YORK A surprisingly sharp rise in US February nonfarm payrolls could soon spur another tightening of monetary policy by the Federal Reserve, despite pockets of weakness in the report. US economists said yesterday. US February
      loomberg Business News; Reuter,; AFP,  -  470 words
    • 497 4 Reuter BEIJING China's top economic policy-maker has promised that inflation will fall this year and next and defended rising disparities in income as the result of improved economic efficiency. Newspapers yesterday printed remarks by Vice-Pre-mier Zhu Rongji, also governor of the People's Bank
      Reuter  -  497 words
    • 291 4 Asahi News Service TOKYO The Ministry of Finance and the Securities Dealers Association of Japan decided on Thursday to pave the way for fast-growing Chinese government-owned corporations to be listed on stock exchanges in Japan, according to sources. As the first step,
      Asahi News Service  -  291 words
    • 56 4 AFP PARIS Thousands of French university and high-school students protesting on Thursday against the government's plan to cut the minimum legal wage for young people. The measures are part of the centre-right government's arsenal to curb record unemployment of 3 J million people, or 12.2
      AFP  -  56 words
    • 325 4 Reuter FRANKFURT Germany's IG Metall union said it would meet employers today for last-ditch talks over pay but it saw little chance of averting a potentially crippling strike set for Monday. A meeting of the union's main board gave formal backing to an
      Reuter  -  325 words
    • 388 4 AP TOKYO Landmark Bills aimed at reforming Japan's notoriously corrupt political system quietly became law yesterday, ending a tortuous, six-year debate that helped bring down two prime ministers. Prime Minister Morihiro Hosokawa. who took office last August promising to either
      AP  -  388 words
  • Page 4 Advertisements
    • 1183 4 IB 11 mp Superior Metal Printing Limited (Incorporated in Singapore) The Directors are pleased to announce the audited results of the Group and of the Company for the year ended 31st December 1993 Group Company Chang* Changa 1993 1992 1993 1992 $*000 $'000 $'000 $*000 1 a. Turnover (4(a)) 31,138
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    • 9 4 Germany pips UK in number of strikes, Pg 5
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  • THE WORLD
    • 625 5 Reuter. AP KUALA LUMPUR Asia Pacific nations attacked the United States yesterday for reviving its unpopular "Super 301" trade weapon aimed at prying open the closed Japanese market and said it violated multilateral efforts towards a new world trade order. Officials from
      Reuter.; AP; Reuter  -  625 words
    • 372 5 AFP. Reuter MOSCOW President Boris Yeltsin said yesterday the political amnesty approved last month by the Russian parliament violated the constitution and called for a fresh accord with law-makers to avert further upheaval in the country. "I consider the amnesty to be a violation of
      AFP.; Reuter  -  372 words
    • 468 5 AP TOKYO The United States and Japan are destined for fierce competition in Asian markets, Washington believes, and the US government plans to do all it can to help US firms meet that challenge. The US Undersecretary of Commerce for International
      AP  -  468 words
    • WORLD WATCH
      • 107 5 Reuter BRUSSELS European Union and Japanese negotiators will meet in the middle of this month to try and set a level of Japanese ear exports to the LI in 1994. European Commission officials said on Wednesday. They said an agreement was possible sinee
        Reuter  -  107 words
      • Article, Illustration
        56 5 AFP STUTTGART Prototypes of two new varieties of the "Swatch-Mobile", the Eco-Sprinter (left) and the Eco-Speedster being presented here yesterday. German car maker MercedesBenz and Swiss company Nicolas Hayek aim to mass produce the vehicles by 1997. The cars measure 2.5 metres in length and can reach a
        AFP  -  56 words
      • 98 5 Reuter MOSCOW Russian President Boris Yeltsin said his country still aimed at monthly inflation of 5 per cent by the end of 1994, down from 22 per cent in January. "The task of making inflation moderate, controllable and forecastable stays a priority," Mr Yeltsin
        Reuter  -  98 words
      • 79 5 Reuter LIMA The European Union will send a mission here in late March to evaluate aid programmes, the EU's ambassador to Peru and Bolivia said. Ambassador Sabatto Delia Monica said an EU delegation headed by Rosa Quevedo, the official responsible for programmes in Peru,
        Reuter  -  79 words
    • 532 5 Country's leaders and industrialists fear permanent damage to economy Reuter BERLIN German workers, with the world's highest wages and shortest work week, may have been too busy on their six weeks' annual holiday to notice that for the first time in decades Germany
      Reuter  -  532 words
    • 435 5 Bloomberg Business News NEW YORK Mexico is expected to join the Organisation for Economic Cooperation and Development by June, becoming the first new member of the trade group since 1973. Mexican officials have met with OECD officials to explain
      Bloomberg Business News  -  435 words
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  • COMPANIES & MARKETS
    • 381 6  - Bumper turnover revs up Cycle Carriage performance Reports by Joyce Quek SINGAPORE Record car sales, increased contributions from Malayan Credit and residential development sale profits have lifted the results of diversified Cycle Carriage Ltd (CCL) to new heights. Group turnover for the 15 months to the new vear-end of Dec
      381 words
    • 343 6  -  By Quak Hiang Whai SINGAPORE Closed-end investment funds, which have been thinly traded for years, are beefing up their free float in the market by making bonus issues. In an announcement yesterday, Overseas Union Securities said it will reward shareholders with a
      343 words
    • 275 6 SINGAPORE The Malayan Credit Ltd (MCL) property group had significantly better sales and profits for the 15 months to Dec 31. 1993. This was due to higher sales of development properties, increased contributions from investment properties and writeback of excess provisions. It
      275 words
    • 332 6 SINGAPORE CWT Distribution yesterday reported a healthy bottomline. with group net earnings rising 32 per cent to 57.06 million. This works out to earnings of 7.58 cents per share, up from 7.13 cents when the company made 55.35 million in 1992. The
      332 words
    • EYE on your STOCKS
      • 20 6 For next »uvAv expeehil market sentiment \ee HI Sentiment liule\ on EL 4 <l'er\onal Finance A Investment %eitiom
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      • Article, Illustration
        129 6  -  By Quak Hiang Whai Hotel Properties warrants yesterday lost three eents to S 1.51. just above the immediate support at Si.so. Any break downwards from there will quickly see the stock trade to the next support level at Si.3o. But the daily RSI and stochastics have reached oversold
        129 words
    • 279 6  -  By Corinne Kerk SINGAPORE Superior Metal Printing (SMP) registered a 1.3 per cent increase in net profit to 54.3 million for the year to Dec 31, 1993. But the pre-tax profit was down 21.2 per cent to $4.6 million. In announcing its year-end
      279 words
    • 696 6  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE Do you know that you can double your entitlement to certain Malaysian rights issues? A window of opportunity exists for investors who hold a longer term view and are prepared to bear
      696 words
    • 255 6  -  By Abdul Hadhi SINGAPORE Sime Singapore chalked up a 19 per cent rise in after-tax profit to $13.5 million for the six months to last Dec 31. Announcing its interim results yesterday, the group said the rise was on a 10
      255 words
    • COMPANIES
      • 477 7  -  From William Chia in JAKARTA THE number of property companies listed on the Jakarta Stock Exchange is set to nearly double to 13 in the next few months. In the first two months of this year, six firms have announced
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      • 192 7 Bernama KUALA LUMPUR Dunlop Estates Bhd of the Multipurpose group achieved a record M 5374.87 million (*****.4 million) pre-tax profit for the year ended Dec 31. 1993. up 38 per cent from the 1992 pre-tax profit of M 5271.10 million. Releasing its audited results
        Bernama  -  192 words
      • 265 7 SINGAPORE Pan-United Corp yesterday announced 1993 results generally in line with forecasts made when it launched its share offer late last year. For the year to Dec 31, the marine group hoisted net earnings 9 per cent to SiB.6 million on a 44
        265 words
      • 189 7 SINGAPORE Marinebased Jaya Holdings achieved a 26 per cent increase in net earnings to 54.2 million at half-time. The Sesdaq-listed group reaped gains totalling 52.1 million from the sale of vessels, compared with about 5500.000 from vessel sales in the previous first half.
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      • 547 7 UNIT TRUSTS FUNDS MaMfcrs' priccs Mar 5 7 (JMB Invest Mgt Ltd llaut ThkI I nilund I 52 I 58 amgapore unn irusi i; n ,ix»nd' 1.02s 1055 The Commerce 1.76 1*5 United <Sr Fund I M 172 rhe Savings Fund 11.61 1.69 1|cd VlJ Fund 8 <♦>. Spore Prog
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      • 282 7 Bernama KUALA LUMPUR Rubtlla International Ltd, in which Uniphoenix Corporation Bhd's subsidiary Rubfil Sdn Bhd has a 39 per cent interest, will be listed on five stock exchanges in India this June. UCB group executive director Kamaruddin Taib said yesterday that
        Bernama  -  282 words
      • 431 7 AFP MANILA The Philippines' rival bourses began the process of electronic unification here yesterday after 20 years of div ision. but the marriage was quickly marred by computer problems and a two-week-old downturn continued. The unification came about after President Fidel Ramos cancelled
        AFP  -  431 words
      • 294 7  -  From Loh Hui Yin in HO CHI MINH CITY SINGAPORE contractor Antara Koh. which is developing a USS26O million (SS4IO million) new town in Hanoi with a Vietnamese party, is lining up more partners to take up equity stakes in the ambitious
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      • COMPANY BRIEFS
        • 89 7 Bernama KUALA LUMPUR The hull run on the loeal bourse pushed Omega Holdings Bhd's group pre-lax profit up more than sevenCold to M 599.60 million (5557.63 million) for the six months ended Dee 31, 1993. Omega, which is primarily involved in stockbroking activities, said
          Bernama  -  89 words
        • 99 7 Bloomberg Business News BANGKOK The Stock Lxchangc of Thailand this vear will introduce an index of blue-chip shares as a benchmark for institutional investors, an SET official said. The SLT 50 Index will comprise the market's largest and most actively traded issues. Chaipat Sahasakul. said
          Bloomberg Business News  -  99 words
        • 85 7 Bernama KUALA LUMPUK MBf Holdings Bhd said it has reached agreement with Sri Hartamas Corporation Bhd for the sale of two properties The Park Inn International. Penang. for M 555.4 million (5532.05 million) and The Malacca Village Park Plaza Resort for MS4S million. MBf said
          Bernama  -  85 words
        • 30 7 SINGAPORE Charles Yeo has resigned as company secretary of Veo Hiap Seng. Aw Seek Chin has been appointed assistant company secretary, effective from Feb 26.
          30 words
        • 48 7 SINGAPORE First Allied Corp has launched a membership drive for the first of two international golf courses at its MSI billion (SSS7O million) Bukit Tunggul Golf and Country Club. The company expects the sale of golf memberships to reap about MS6I million.
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        • 58 7 SINGAPORE Liang Court Holdings has set up two wholly owned subsidiaries. Liang Court Hospitality (Singapore) and Liang Court (Suzhou) Investment. The former will operate and manage service apartments and provide business consultancy services in relation to service apartments. The latter is a member
          58 words
        • 87 7 AFP MANILA Philodrill. one of the Philippines' top oil exploration firms, has received permission from the Securities and Exchange Commission to tloat 550 million pesos (SS3I million) worth of shares. Philodrill. owned by publishing magnate Alfredo Ramos, will issue the shares to cover
          AFP  -  87 words
      • COMPANY BRIEFS
        • 112 8 Bloomberg Business News HONGKONG The Mass Transit Railway Corp, which operates Hongkong's underground railway system, yesterday said its net profit for the year ended Dec 31, 1993, rose 82 per cent to HKS73S million (S$lSO million) from HK$4O3 million in 1992. Corporation chairman Hamish Mathers
          Bloomberg Business News  -  112 words
        • 115 8 Bloomberg Business News TOKYO Kokusai Securities predicted Japanese corporate profits will rise 2.7 per cent in fiscal 1994, the first gain in five years, the brokerage said in a report yesterday. In its survey of the 300 companies contained in the Nikkei 300 capitalisation-weight-ed
          Bloomberg Business News  -  115 words
        • 97 8 Bloomberg Business News MILAN Italian clothing company Benetton SpA plans to open 500 stores in China over the next three years, chairman Luciano Benetton said in an interview with the II Sole/24 Ore newspaper yesterday. The company will sign a joint venture agreement with
          Bloomberg Business News  -  97 words
        • 71 8 Nikkei TOKYO Suzuki Motor Corp and Isuzu Motors Ltd announced yesterday that they agreed to dissolve all of their business ties, including cross-holding of shares, effective yesterday. Suzuki owns 11 million Isuzu shares and Isuzu holds 9.4 million Suzuki shares. The two companies entered
          Nikkei  -  71 words
        • 97 8 Reuter LONDON Imperial Chemical Industries pic and its Japanese partner Teijin Ltd yesterday said they had formally inaugurated a new manufacturing plant to supply Asian customers with an ozone-friendly replacement for CFCs. The £50 million (SSI 18 million) factory at Mihara, Japan, is capable
          Reuter  -  97 words
        • 64 8 Bloomberg Business News HONGKONG Shanghai International Brokerage Co, which says it represents extensive property interests in the eastern China metropolis, yesterday appointed Win Concept International Brokers Ltd to act as its Hongkong representative. "Win Concept will concentrate its efforts on property development, foreign investment and
          Bloomberg Business News  -  64 words
      • 374 8  -  From Catherine Ong in HONGKONG BOOZ Allen Hamilton, the international consulting firm noted for its telecommunications practice, has lost its team of experts who advised such high-profile clients as Singapore Telecom, the Hongkong government, and Star TV. Six consultants from Booz Allen's London-based
        374 words
      • 50 8 Reuter LONDON Three of a six-man buy-out team of Midland Independent Newspapers celebrating on Thursday the launch of the company's stock flotation. From left: finance director John Whitehouse, chief executive Chris Oakley and commercial director Julian Day. Midland publishes The Birmingham Post and Sunday Mercury, among others. Reuter
        Reuter  -  50 words
      • 361 8  -  From Rajendra Bajpai in NEW DELHI CMS COMPUTERS Ltd of India. the country's seventh largest supplier of computer hardware. has signed an agreement with Acer Computers International Pte Ltd of Singapore to sell Acer's low-end computer systems, the Bombay-based company said.
        361 words
      • 408 8 Bloomberg Business News NEW YORK Chubb Corp, St Paul Cos and Cigna Corp, three of the largest US property and casualty insurers, said on Thursday they have positioned themselves to tap the fast-growing Asian insurance market. Chubb, based in Warren, New
        Bloomberg Business News  -  408 words
    • SHIPS IN PORT
      • 388 8 M U H. ft, i,. M 1 M— mam W I. vessel toy iw Dcnn wnva Mpimvi »wsn toy no twin vttvji utpamre Jwong Port Batam Speed ****** P01A 05 03/0700 0503/0830 Batam Mum 03/02/94 12 Wfak 05 03/0300 Batam SpeeM ****** P01A 04.03/2330 05 03/0200 Crane
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      • 1736 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Wl* 1/9* 06/1000 II 04/1500 04/1659 04/1900 3 06 0700 05/1159 05/1400 4 05/1200 05/1459 05/1/00 *P 04* 05/1500 1A 04/1500
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    • FINANCE & COMMODITIES
      • 691 9 Bloomberg Business News HONGKONG At least six companies planning to tap the international bond markets in recent weeks have postponed their bond sales. They say they will hold off until relative price stability returns to the US Treasury market even
        Bloomberg Business News  -  691 words
      • 151 9 Bloomberg Business News FRANKFURT The lead bank in Germany's community bank system, DG Bank Deutsche Genossenschaftsbank, reported growth in assets and operating profit for 1993. Consolidated total assets rose 7.1 per cent by the end of 1993. to 221.4 billion Deutschemarks (*****.7 billion)
        Bloomberg Business News  -  151 words
      • 180 9 SINGAPORE The State and Savings Bank of Luxembourg yesterday celebrated the 10th anniversary of its office here. Speaking at a ceremony to mark the event, president Raymond Kirsch said the bank's decision to locate its first overseas office in Singapore was correct. "We
        180 words
      • 125 9 Bloomberg Business News ZURICH Credit Suisse Group's net profit rose 53 per cent to 1.46 billion Swiss francs (551.61 billion) in 1993. The figure includes the results of Swiss Volksbank, which Credit Suisse's parent, CS Holding, acquired last year. Credit Suisse announced that it would
        Bloomberg Business News  -  125 words
      • 271 9  -  By Soh Tiang Keng SINGAPORE Sinochem Finance, a subsidiary of the China National Chemicals Import and Export Corporation (Sinochem). has raised USS22 million (SS3S million) in the Singapore-based Asian dollar market. The loan is a one-year revolving credit facility with interest at 0.275 per
        271 words
      • SMALL CHANGE
        • 89 9 Reuter MOSCOW Russia is likely to review and ease restrictions on foreign bank activities. Prime Minister Viktor Chernomyrdin said yesterday. "I think life will force us to take a new approach towards competition with foreign banks. Hot-house conditions do not seem good for our
          Reuter  -  89 words
        • 71 9 Reuter HONGKONG The Hongkong Stock Exchange said that effective March 16. all applications for shares in stock flotations for more than 100 per cent of securities on offer will be deemed multiple applications and be rejected. The exchange also said application forms would be required to
          Reuter  -  71 words
        • 68 9 Bloomberg Business News NEW YORK The Union Bank of Switzerland said it agreed to invest USS2OO million (SS3IB million) in an investment fund being raised by Geoffrey Boisi. a former senior partner at Goldman. Sachs Co. Boisi's firm. Beacon Group, is trying to raise
          Bloomberg Business News  -  68 words
        • 87 9 Reuter LONDON UK life insurance companies which fail to meet regulatory standards on compliance procedures will face a sharply higher scale of fines starting at over £200.000 (*****.000). the Financial Times newspaper reported. However, the self-regulating body. Lautro. is also considering a regulatory system
          Reuter  -  87 words
      • 278 10 Bloomberg Business News PITTSBURGH Aluminium Co of America (Alcoa) and Kobe Steel Ltd of Japan have signed a cooperative agreement to help China develop its rapidly growing aluminium industry. The agreement with the China National Non-ferrous Metals Industry Corp, the government ministry
        Bloomberg Business News  -  278 words
      • 409 10 Company denies link with human rights situation Bloomberg Business News CHICAGO Amoco Corp said it was pulling out of Myanmar because of poor business potential. John Seger, the company's manager in Myanmar, said Amoco will leave the country by mid-year, based on its
        Bloomberg Business News  -  409 words
      • 436 10 DBS Weekly Currency Review LS$/DM: bullish divergence seen The greenback traded lower early this week, from 1.7168 on Monday to 1.6935 on Wednesday. It then recovered to close at 1.7105 on Thursday, when a bullish divergence formed in the daily stochastics. On the
        436 words
      • 259 10 Reuter DUBAI Opec president Abdullah al-Attiyah said on Thursday that Gulf Arab oil ministers will discuss measures to boost weak oil prices at their meeting in Saudi Arabia today. The official Qatari news agency said Mr Attiyah. who is also Qatar's oil
        Reuter  -  259 words
      • 235 10 Bloomberg Business News WASHINGTON The US Securities and Exchange Commission upheld a New York Stock Exchange disciplinary action against a former Prudent ial-Bache Securities Inc salesman. Alan H Gold, an Illinois resident, was barred from NYSE membership or working at a company that
        Bloomberg Business News  -  235 words
      • 179 10 KnightRidder NEW DELHI India's mines ministry has welcomed concessions to the non-ferrous metal industry proposed in the fiscal 1994-95 budget (April-March), which was unveiled this week by Finance Minister Manmohan Singh. But producers of copper semi-finished and finished products aren't satisfied. Minister of State for
        Knight- Ridder  -  179 words
      • 136 10 THE USS/majors moved higher during Far East hours yesterday, especially against ihe yen with rumoured Bank of Japan purchase and huge stop-loss buying along the way as market participants were generally caught on the wrong tooting. The USS/SS moved higher in line with stronger USS/ma-
        136 words
      • 185 10 Bloomberg Business News LONDON The dollar rose to 1.72 dcutschemarks yesterday after the US Labour Department reported a stronger-than-expected rise in US jobs in February, raising expectations the Federal Reserve may be set to raise interest rates again. The US economy added 217,000 non-farm jobs in February, more than
        Bloomberg Business News  -  185 words
      • 157 10 ENERGY REPORT Bloomberg LONDON Crude oil futures prices declined marginally yesterday on both sides of the Atlantic amid limited refinery demand as plants shut down for annual maintenance, brokers said. Trade was also cautious because of the meeting of the Gulf Cooperation Council
        Bloomberg  -  157 words
      • 82 10 Bloomberg Business News NEW YORK The dollar was little changed against the maior currencies after release of better-than-expected job data for February yesterday. Investors often buy dollars after positive economic reports, betting that stronger Kowth will give the Federal eserve the incentive to raise rates. Higher rates make
        Bloomberg Business News  -  82 words
      • Article, Illustration
        1533 10 Trade-unfilled index calculated against S pore's top 14 trading partner, Base year 198 f US$/S$ forward rates Noon Mar 4 SI BU CMftr 1-month I.SSI8 ***** 2-month 1 5813 1 5828 3-month 1 5809 1.5824 6-month 1 5800 1 5820 Sower OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at
        1,533 words
    • COMMODITIES & FUTURES
      • 1362 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended sharply lower on profit-taking ahead of the weekend yesterday. Dealers said market participants, especiall> the Japanese, decided to take profits after Thursday's sharp rise before their books close end of the month. "Trading in the Euroyen has
        Reuter  -  1,362 words
      • 634 11 COMMODITY REPORTS Tin TIN continued to plummet for the second straight week to close 28 sen down at VIS 14.08 on initial high offerings yesterday. traders said. Ihe market is weak due to poor demand and London market." one said. "We expect prices
        634 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 102 11 TAIPEI Local zinc traders arc looking to the big smelting industries of Asia for relief this month from chronic sluggish demand. Fresh buying has been stalled as smelting companies postpone replenishing their reserves ahead of sure signs of recovery in zinc's main consuming
          102 words
        • 105 11 TAIPEI Aluminium purchases are expected to remain quiet this month due to sluggish demand and beefy inventories held by buyers. Taipei metal traders say. A depressed local extrusion business and relatively high prices for aluminium ingot spells thin spot sales activity over the next month, traders
          105 words
        • 142 11 TAIPEI Strong spot demand for copper should emerge in Taiwan this month if international prices for the metal come oft" by (JSSIOO to USS2OO a tonne, traders here said. Lacking a rollback in prices, buvers are expected to remain out of the market this
          142 words
      • 1471 11 Rubber Singapore Commodity Exduaci (htfti dosing as at lp«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 94 142.50 142.00 142.50 i800 3.150 May 143.75 143.75 144.25 1825 5.425 Jun 145.25 200 5.350 Jul/Sep 146.75 4.050 Oct/Dec 147.50 147.50 148 50
        1,471 words
    • REGIONAL STOCK MARKETS
      • 1207 12 -I.6pc Australian shares dived lower yesterday as domestic bond prices plummeted due to fears of an imminent interest rate hike in the United Stales, brokers said. "The market was sold oil" all day in both bonds and equities," one broker said. "Everyone is nervous that the weakness we have
        1,207 words
      • 641 12 -91.23 The Philippines' rival bourses began the process of electronic unification here yesterday after 20 years of division, but the marriage was quickly marred by computer problems, and a two-week-old downturn continued. Brokers on one floor can already follow the prices on the other through the linked computer systems
        641 words
      • 581 12 +215.13 Taiwan stocks rocketed in active trade to close 3.9 per cent higher on persistent but unconfirmed rumours that the central bank would soon raise the USSS billion ceiling on combined foreign investment in the market. The weighted index closed 215.13 points up at 5,672.87. near an intra-day high
        581 words
      • 271 12 -36.15 New Zealand shares tumbled 1.6 per cent yesterday on a sharp decline in the neighbouring Australian market and lack of interest from overseas investors. The fop 40 capital stock index closed down 36.15 points at 2.181.90. Volume was a moderate 18.5 million shares valued at NZ543.5 million.
        271 words
      • 98 12 -180.16 Share prices were quoting higher than their official closing levels in kerb deals but brokers said it did not mean a reversal of a downtrend that has pushed stocks down by 11 per cent in the past five trading sessions. During the official session, the Bombay Stock Exchange
        98 words
      • 428 12 -5.61 Across-the-board selling pushed the stock market down for the fourth consecutive day with the composite index closing below the 900 level, brokers said. "Shares fell aeross the board. The market is in a consolidation period which is expected to continue until next week." ("hoi Bum at Seoul Securities
        428 words
    • WORLD STOCK MARKETS
      • 179 12 +22.19 A late round of short-cover-ing helped push the DAX index to a close of 2.060.09. up 1.09 per cent or 22.19 points on the day. and up 15.64 points from Thursday's post-bourse close. Traders stressed the market is looking to bund and DAX futures prices for direction. The
        179 words
      • 269 12 +36.78 Swiss shares gained more than 2 per cent as favourable US job data gave an already firm market a final boost and players rushed to recoup losses seen earlier this week. Banks and cyclical stocks led the market higher and dealers said yesterday's firm drive could well be
        269 words
      • 136 12 +38 Italian stocks continued rebounding yesterday, while many investors remain nervous. Traders said they don't expect prices to keep rising next week. The Italian stock market's blue chip Mibtel Index ended 0.4 per cent or 38 points higher at 10,340 after rising 1.4 per cent on Thursday. But the
        136 words
      • 772 12 +31.5 EQUITIES ended the first week of a volatile trading account mostly higher but underlying sentiment remained nervous, dealers and strategists said. The FTSE 100 index finished 31.5 points higher at 3,278.0, supported by a robust futures market. The March FTSE futures contract was up 39.0 points at 3,272.0
        772 words
      • 122 12 1.13pc French shares finished sharply higher, with the CAC-40 index up 1.13 per cent at the close, but dealers said the market was fragile, nervous and directionless. The CAC-40 index ended up 24.28 points, or 1.13 per cent, at 2,178.69. Volume was a leisurely 4.2 billion francs. Paris Mar
        122 words
      • 154 12 +0.66pc The Stockholm bourse ended a dramatic and volatile session higher on lower debt market rates. "It's been wild trade all afternoon. Prices would have risen more if Astra hadn't pulled the index down." a dealer said. The OMX-index rose 0.66 per cent to close at 1.157.89. Turnover was
        154 words
      • 161 12 +9.81 Belgian shares ended higher, after buying for the new account which began yesterday, a stronger dollar stronger trend on other European bourses. The Bcl-20 index of leading shares ended 9.81 points, or 0.66 per cent, higher at 1.489.3 with a moderate 1.4 billion francs worth of Belgian shares
        161 words
      • 296 12 +6.57 Toronto stocks edged higher in early trading yesterday as gains in conglomerate and mining groups offset losses in precious metals. Traders said there was little impact from yesterday's stronger than expected US non-farm payrolls growth data. The TSE 300 Composite Index climbed 6.57 points to 4.376.82 on volume
        296 words
      • 870 12 +8.73 The Dow Jones industrial average was ahead 8.73 points to 3,833.15 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 0.41 to 257.09. while the S&P 500-stock index was up 0.83 to 463.84. Advances topped declines 944-743 among the 2.442 issues crossing
        870 words
      • 978 12 Amsterdam Mar 4 FU +T-ABN-Amro 66 20 Acton 96.30 -2.5 Ahold 49.(0 -.7 Akzo 208 50 -2 J Alrcnta 256 80 -8 6 Anw» 77 90 I BolvWraanen 42 80 -.7 Bonumy Wcbr) 149 00 40 Buhrman Tettero 29 20 DSM 115 90 t 12 Elirvwr 179 60 -I.I Fofcker
        978 words
    • Article, Illustration
      3115 13 Reuter HONGKONG Stocks closed higher as steadier markets overseas encouraged local bargain hunting aimed at blue chips, brokers said. The Hang Seng Index ended up 116.16 points, or 1.19 per cent, at 9.918.19, oIY a high of 10.021.66. The index spent the afternoon consolidating its early gains. "We saw
      Reuter; Source: Bridge Info  -  3,115 words
    • Article, Illustration
      526 13 BOTH Shanghai and Shenzhen B Indices finished at lows for the week. The Shanghai B Index came down a total of 7.3 per cent for the week. Erfangji has lost 23 per cent over the past three days since the announcement of rights issue plans, closing at USSO.49. Other
      526 words
    • Article, Illustration
      2501 13 Reuter TOKYO Stocks ended firmer yesterday, with a weaker yen and overseas buying helping the market to shrug off the revival of the US trade weapon Super 301 overnight, brokers said. The Nikkei Average tested a key 20.000 level but failed to stay above that due to position adjustments.
      Reuter; Source: Bridge Info  -  2,501 words
    • Article, Illustration
      1828 13 Reuter BANGKOK Thai stocks closed up 18.87 points, or 1.41 per cent, at 1.359.25 on a technical rebound yesterday. brokers said. Turnover was a moderate 7.7 billion baht. "Investors, led by institutions. bought heavyweight stocks, especially bank counters before the market closed." said broker Übonwan Hongwittayakorn at General Finance
      Reuter; Source: Bridge Info  -  1,828 words
    • Article, Illustration
      1141 13 Reuter JAKARTA Share prices extended losses in slow trading yesterday. with investors struggling to limit their exposure in a slumping market, brokers said. The official composite index fell another 8.99 points to end at 521.38. Some stocks were corrected on thin volume but generally bearish sentiment on a gloomy
      Reuter; Source: Bridge Info  -  1,141 words
    • 2579 14 MOST ACTIVE volume Nlulphj Intl Mk 10 I4«U**I iiins H\j mk ismam \MI»BMV b.WrtOOO I'romcl Mnin Fafocr <iroup S.KK4.0U0 kjmunling StV 5.750.000 Kcnong Bhil SOc 4.672.000 Johan HWgs MV VK6f 000 lnsa> Bhd V6VI.OT0 I \< B Mk ljlJj— Bcijjvj (iroup J.4W.OOO Peg. Msu MMM Mcnangfofp J.861.0UI MOST
      2,579 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5557 14 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index fell for a fourth consecutive day as US investors sold shares despite an impressive earnings report from a major blue chip. Telekom Malaysia, traders said. Analysts said foreign investors have been fleeing Asian equities
        Bloomberg Business News; Source: Bridge Info  -  5,557 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7316 15 1 MAW BOARD Transaction date: Mar 4 1 Gr Gr 1993/94 Last Vol Day Last Quote W» Di» YM Net M Cam High Low Company Sale IHOO) High Low Bayer Setter O P/K Saul INDUSTRIAL AND C0MMFRC1AL 1440 260 I Aetna 1120 it 1110 11)0 12.S 2.1 I.I 48.3 772.0
        7,316 words
      • 1924 16  -  By R Sivanithy SINGAPORE A late minirally, described by some as a "technical rebound" and by others as bargain hunting on news of strong trade figures for January, led to share prices closing firmer yesterday. The Straits Times Industrials Index started the day
        Charts by Bridge Info; Source: Bloomberg  -  1,924 words
  • Page 6 Advertisements
    • 479 6 NEWS VALUE llow unlay's mmht atteet your \tot ks CityDev's Mirage condo units snapped up (pz h Looks like prices of residential properly are not about to let up. Likely to benefit stocks with substantial exposure in the residential sector, including CityDev. DBS Land and FCC. Japanese leaders play down
      479 words

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    • 6 7 Dividends (able has been held over
      6 words
    • 227 7 We Are &Us:i» x 11! Korea! J Be Sure To Get Your Copy Today! I Universal Publications Agency Ltd i I 54 Kyonji-Dong, Chongno-ku For Investors who are set to fly AN INTERNATIONAL MELBOURNE AUSTRALIA acras site Priai lacatiaa far a raaga devalapauats AeroSpace Technologies of Australia Limited (ASIA), o
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  • Page 9 Advertisements
    • 298 9 Kay Hian James Capel Pte Ltd Member of the Stock Exchange of Singapore Limited Kay Hian James Capel seeks to recruit an individual, who has the ambition and ability to be amongst the best in his/her field, to join their research department as: The individual must have at least: 3
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    • 288 9 Sound, Solid Secure "o- v■_^." Yes, we believe a substantial portion of your savings j 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 i Yes! I'm interested in the
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  • Page 11 Advertisements
    • 98 11 "Where is die best place to sell a home? THE MIS IMS CLASSIFIED! Are you making a move to sell your single-storey terrace? A double-storey semidetached? A maisonette? An apartment? An ad in The Straits Times Classified puts you in touch with over 500,000 potential buyers who will respond quickly.
      98 words
    • 47 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Hj 737-1166 Make the connection through The Straits Times Classified when you're jJk looking for bargains or looking for customers. T Just give us CJLTA aca!L 737'i*«*i
      47 words

  • Page 12 Advertisements
    • 45 12 SINGAPORE F Business Times m KNOW ASIA Address Mail or fax this form to: Postal Code: Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax News Centre Singapore 1334 Tel: 1800-749 2577 Fax 744 4875 Tel (O) (H) f BHohtV«»D7OI94
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  • Page 13 Advertisements
    • 39 13 ACTAL NEUTRALISES STOMACH ACID. Actal neutralises stomach acid, giving quick relief from stomach discomfort, IJHI FAST-ACTING ANTACID Sterling gastriC pain indl 9 es rumes GAST«,C PA,N, xtmb 1 V Health tion and heartburn, t HCA TBUBNANDufS£T^ j f s
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  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 51 15 ACTAL NEUTRALISES STOMACH ACID. r" 11 'j Actal neutralises stomach acid, giving Mf quick relief from stomach discomfort, 1 FAST-ACTING ANTACID j Sterling Qastric pain, indiges- relieves gastric pain, XTMeB n Health tion and heartburn, l hea tburnandu sctstomach !M *>"»■*«« j s 1 Appointment Ads Help You Find The
      51 words

  • Page 16 Advertisements
    • 403 16 It's great to hear news from home when you're abroad The straits Times Subscribe now and get a weekly Edition is a trendy Benetton back-pack free! J* weekly tabloid which V I contains a summary of Subscribe MaK March 31, 1994 and get a Benetton back- pack free. Hum, limited
      403 words
    • 37 16 BUSINE SS TIMES TOLL-FREE TEL. No. 1 MOO 741-1 HI FAX 741-1298 p/7 M'i IT'S REIGNING! CATS AND DOGS (and 1001 other things) in The Straits Times Classified V'' fat L A j w f£T C.A.T.S. 1737-*****
      37 words
    • 115 16 PRIMITIVE FURNITURE FROM THE ISLAND OF SULAWESI, MADURA JAVA WITHOUT RESERVE ALL MUST BE SOLD The largest collection of primitive art consisting: 211 items of selected Armoire (Cupboards), Carved Panels, Raffles Settees, Benches, Teak Chests, Dressers, Mirror Frames, Stone and Bronze Sculptures. Dealers Welcome Venue: KATONG PARK HOTEL Poolside Conference
      115 words

  • Executive Lifestyle
    • 1133 17  -  Are antiques and paintings still affordable in these days of astronomical prices? Susan Tsang reports on some good buys Susan Tsang SO, you're in the money and you want to invest in some collectibles? If you were in the United States, you'd be spending a fortune on
      1,133 words
    • STRAWS IN THE WIND
      • 125 17 ONE would think that having a savings account implies just that savings. But one father who wanted to open a joint account with his young son to encourage him to save was quite perturbed that the hank insisted on issuing an ATM card at the same time. "Why
        125 words
      • 43 17 FILM reviewers who attended the preview of Steven Spielberg's Schindlir's List arrived at the venue and found the lifts out of order, forcing them to walk up 13 tliglus of stairs. Guess what the name of the lifts was? Schindler's Lifts.
        43 words
      • 27 17 WORDS of wisdom: "If you have a good wife, you are a happy man. If you have a bad wife, you are a philosopher."
        27 words
    • OPINIONS
      • 724 18  -  Jackie Sam says the recent White Paper on Sino-British talks reveals how far Britain was prepared to intrude into Hongkong's affairs beyond 1997 Jackie Sam The writer is a Hongkong-based journalist who contributes regularly to BT FOR MONTHS China has accused
        724 words
      • 899 18  -  Kevin Sullivan contends that, after a period of trauma and confusion, the country is behaving like a normal superpower Kevin Sullivan The writer is a journalist on BT's Foreign Desk AFTER Soviet fighters shot down a Korean Air Lines jumbo jet
        899 words
      • 175 18  -  LETTERS TO THE EDITOR Denis Distant RECENTLY I faxed Singapore Post the full details about a registered envelope addressed to Malaysia which apparently has not reached the addressee. In response I received in the mail a form for completion and submission
        175 words
      • 93 18  -  Peter Chia Public Affairs Manager Stock Exchange of Singapore WE REFER to the letter by Mr Denis Distant (BT, Feb 19/20). When a counter goes "ex-rights" or "ex-bonus", the price is not adjusted to its theoretical level as the accuracy of the theoretical
        93 words
    • CORPORATE PROFILE
      • 3131 19 Sega Enterprises Ltd, the US$4 billion company that stung Nintendo, is racing to build a high-tech entertainment empire. Started in Japan by an ex-airman from Brooklyn, Sega has come a long way. But is it ready to join the fray on the Information Superhighway? Asia's
        3,131 words
      • 222 19 DIVERSIFY This year, Sega is going into two new businesses: toys and indoor amusements parks. Its toy line will include books that interact with a TV through an electronic pen. Its computerised centres a planned 50 by 1997, will have rides featuring windowless capsules that
        222 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 56 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, Nomura Research Institute, OCBC Investment Research, Ong Co, Peregrine Securities. Phillip Securities, Schroder Securities, WI Can and
          56 words
        • 411 20 Daiwa Institute of Research (Mar 2) Time Engineering. Looks especially interesting now, after its completion of the Plus North-South Expressway project. It could become the Telekom Malaysia of 1996, having been awarded the contract to lay the optic fibre cable along the NSE. Rumour is that its licence has
          411 words
        • 167 20 FT Peregrine Sewu Securities Weak regional sentiment stemming from interest rate uncertainty and a potential deluge of fund raising from a domestic perspective, both in the form of IPOs and rights issues, have combined to pull the JSE Index down by 13.5 per cent from
          Source: Bloomberg  -  167 words
        • 209 20  -  Quah Soon Tong Head of research OCBC Investment Research 44T n the coming days, we expect the local X. bourse to drift aimlessly. We do not, however, expect a massive sell-off. Still, another spike in shortterm interest rate will not be totally unexpected as it is an
          209 words
      • 825 20  -  Agnes Chen asks a few analysts whether it's time to get out of the stock market Agnes Chen IS IT time to bail out? It certainly looked that way this week, as a malaise gripped stock markets from Paris to Tokyo. An interest rate hike spooked institutional
        Source: Bloomberg  -  825 words
      • 664 20  -  Agnes Chen says how they solve the problem may set the course for regional stock markets Agnes Chen QUESTION from analyst to central bank official: Given the levels of capital inflows, the strong growth in exports, and pur-chasing-power parity (PPP) calculations which suggest
        Source: CS First Boston  -  664 words
      • 912 20 Why bank shares have weakened despite the forecast of sparkling results IT SHOULD have been an occasion to bring out the champagne, but sparkling bank results are unlikely to be followed by a rise in bank share prices, analysts say. Bank counters may, in
        Source: Bloomberg  -  912 words
      • 727 21  -  Catherine Ong meets a top performing Singaporean fund manager whose fund gained a stratospheric 238 pc last year Catherine Ong JARDINE Fleming Malaysian Trust gained a stratospheric 238.2 per cent last year. Charlotte Yew, a 29-year-old Singaporean, managed it. In fact, Ms Yew's was the best Asian
        727 words
      • 724 21  -  if you invest in the Desaru Perdana Beach Resort in Johor, reports Shiv Taneja Shiv Taneja IF YOU are on the lookout for an investment opportunity that is slightly off the beaten track, the Desaru Perdana Beach Resort, a holiday destination
        724 words
      • 962 21  -  Schutz Lee reports on the bullishness in Chinese stocks Schutz Lee THIS year will be the year of the B shares, particularly those listed on the Shanghai Stock Exchange. although H share listings in Hongkong and New York
        962 words
      • 482 21  -  BT Golf Index By Shahiron Sahari THE BT Golf Index for February fell to 240.29, its lowest level since BT first published the monthly index in November 1991. The index's 0.96-point fall from January's 241.25 means that the index
        482 words
    • CINEMA
      • 838 22  -  A look at two movies which are contending for top honours, including the Oscar for Best Picture, at this year's Academy Awards By SUSAN TSANG IT SOUNDS like a recipe for disaster. Take Steven Spielberg, take away the monsters, and let him shoot a three-hour film in black
        838 words
      • 847 22  -  By JAIME EE THE FIRST thing to get straight about In The Name Of The Father is that Gerry Conlon, wrongfully accused of an IRA bombing that killed several people in Guildford in 1974, is no hero. Not by a long shot. For one, he doesn't deserve a
        847 words
    • TIME OFF
      • 77 23 Las MiseraMes Produced by Cameron Mackintosh, the world's most popular musical lands on our shores Victor Hugo's masterpiece about a man's long struggle against persecution and spiritual redemption is set against a student uprising in Paris. Till Apr 17, 7.30pm nightly except Mondays. Weekend matinee shows at 1.30pm. Kallang
        77 words
      • 190 23 The NAC hosts this festival which involves performances by various groups and schools. Tickets are available from the Substation, Centrepoint and Tangs. Till Mar 31. Babble 1 This performance comprises story-telling by personalities ie, famous persons skits by various ethnic groups, street performances plus the sale of
        190 words
      • 328 23 The United World College will be holding its annual festival with dance, drama and good oT rock and roll concerts. Also in store are exhibitions that feature the works of the students in paints and photography. Till Mar 22, at the United World College
        328 words
      • 345 23 All Evening with Shirley Bassey The lady who shot to fame with songs like Goldfinger, Never Never Never and Kiss Me Honey Honey Kiss Me, will be here for a one night concert. Mar 8, Bpm at the Harbour Pavilion. Tickets at $40. $60, $80 and $100 available from
        345 words
      • 190 23 A week of films from Israel featuring some critically acclaimed movies. Tickets for the following movies are at $4 for Film Society members and $6 for non-members and are available from the Raffles Hotel, the Singapore Film Society Screening, Embassy of Israel and at the door. All
        190 words
      • Article, Illustration
        135 23 The Great American Adventure Experience the wonders of the US through three filmlets. Showtimes: 11am: Hidden Hawaii: 12pm: Niagara Miracles, Myths and Magic: lpm: Grand Canyon The Hidden Secrets: 2pm: Hidden Hawaii: 4pm: Niagara: spm: Grand Canyon: 7pm: Hidden Hawaii and Bpm: Niagara. At the Singapore Science Centre's Omni
        135 words
      • 699 23 How to Complete Your Income Tax Form and the GST A must for all who have not fully grasped the possible enormity of the consequences of incorrectly filling in your tax forms. Also gives a better view of what we can expect when the GST comes into
        699 words
      • 252 23 A Better World For Our ChHdren This concert will feature new original Chinese songs by local composers. Presented by the Music Artificer Brewing Factory. Today. 7.30pm at the Guinness Theatre. Tickets at 56. Delia Prvacki This Romanian artist who has been living in Singapore for the last
        252 words
      • 44 23 V*ay|«> BV« 4 Toting r6op§€ s ineatre ixh Wanted: A female dancer to perform in various costumes and head sets from March 15-17. Workshop-cum-audition will be held. Mar 14. 10am at the Drama Centre. Call Mimi or Philip at 270-0722 for more details.
        44 words
      • 129 23  -  Compiled by Christopher Toh Sistic outlets are at Forum Galleria. Liang Court. Raffles City. Scotts. Specialists' Centre, Takashimaya, 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. If
        129 words
      • 657 23  -  Corinne Kerk goes from work to Zouk on Wednesday night and grooves into the wee hours of Thursday morning Corinne Kerk WEDNESDAYS are Mambo Jambo nights at Zouk's. "Mambo what?" you ask. After all. Zouk is better known for its house-music, the deep, heavy, throbbing
        Photo by Arthur Lee  -  657 words
    • PEOPLE
      • 161 24 THE LARGEST single investment by foreign investors took off last Tuesday. The signing ceremony held at the Shangri-La Hotel sealed a 53.4 billion project between five partners to double existing capacity and develop a wider range of products at Singapore's petrochemical complex. The Economic Development
        Photos by Arthur Lee  -  161 words
      • 161 24 DEVELOPERS and property consultants of leading property firms turned up in force recently at the Real Estate Developers' Association (Redas) Lunar New Year gathering on Feb 18. Gracing the event was the guest-of-honour, Acting National Development Minister Lim Hng Kiang who mingled with members of
        161 words
    • SPORTS
      • 524 25 Golf AP MIAMI Old pros Ray Floyd and Jim Thorpe mastered winds of 65 kph on Thursday with a pair of 68s to share the first-round lead in the US$l.4 million (552.2 million) Doral-Ryder Open. "I did the things
        AP  -  524 words
      • 820 25  -  Kevin Sullivan walked around Singapore. The 10-stage, 150 km journey turned out to be effective as an aerobic exercise and produced more than a few surprises Kevin Sullivan SINGAPORE Circumambulating Singapore is not in the same league as walking, say, from the southern tip
        820 words
      • 815 25 Reuter NEW YORK Athletes fresh from winning Olympic medals have their proverbial 15 minutes of fame to cash in on the advertising gold. But they have to play the endorsement game with as much agility and skill as
        Reuter  -  815 words
      • 479 25 AP AFP ORLANDO, Florida The wind howled and the scores of an elite field at the LPGA Tournament of Champions soared on Thursday. Betsy King's 71 was the only sub-par score of the day and her 36-hole total of one-under 143 was
        AP; AFP  -  479 words
      • SIDE LINES
        • 96 25 AFP TOKYO World No 1 Pete Sampras will return to the Ariake Coliseum in defence of his singles' title in the star-studded US$l.2l million (551.92 million) Japan Open tennis tournament next month. The 22-year-old American, winner of three consecutive Grand Slam events Wimbledon, the
          AFP  -  96 words
        • 72 25 Reuter TORREVIEJA. Spain Antonio Garrido rolled back the years to lead the Mediterranean Open after a first round six-under-par 66 on Thursday. The 50-year-old's name on the leaderboard came as such a surprise to fellow countryman Seve Ballesteros that he thought Garrido's son Ignacio was the
          Reuter  -  72 words
        • 89 25 AFP DETROIT, Michigan Former Formula-One and Indy-car champion Mario Andretti, preparing for his final season as a race driver, said on Thursday he would probably stay in the sport as an owner. "Racing has been my life," said the 54-year-old driver, adding: "I can't just walk away
          AFP  -  89 words
        • 85 25 AFP NAIROBI United Arab Emirates (UAE) shocked the Netherlands here on Thursday to earn an ICC Trophy final berth. Making its debut in the 20-nation tournament, UAE, who gained ICC associate membership last July, beat the fancied Dutch by six wickets in the semi-final and
          AFP  -  85 words
      • SCORE CARD
        • Article, Illustration
          31 25 Reuter NEW YORK NBA on Thursday: Cleveland 95 Philadelphia 87; New York 97 New Jersey 86; Washington 98 Atlanta 109; Dallas 94 Orlando 107; Golden State 120 Phoenix 107. Reuter
          Reuter  -  31 words
        • Article, Illustration
          250 25 Reuter Reuter SINGAPORE Rolex Masters leading scores after yesterday's third round at the Singapore Island Country Club, (Singaporean unless stated): 205 A Norris (US) 70-68-67 207 M Ramayah (Mai) 68-69-70 208 Samson Gimson 70-68-70, D Zarate (Phi) 71-69-68 211 M Siodina (Phi) 69-70-72 213 Mardan Mamat (amateur) 71-72-70, D
          Reuter  -  250 words
        • Article, Illustration
          35 25 Reuter NEW YORK NHL on Thursday: Boston 6 Los Angeles 4; Tampa Bay 4 New Jersey 5 (OT); Chicago 4 Calgary 2; St Louis 0 Vancouver 4; San Jose 4 Edmonton 2. Reuter
          Reuter  -  35 words
        • Article, Illustration
          195 25 AFP Reuter INDIAN WELLS, California US$l.7 million ATP event 3rd round on Thursday: Darren Cahill (Aust) b Marc Rosset (Swi) 6-4 5-7 7-6 (7/5); Carlos Costa (Spn) b Patrick Rafter (Aust) 4-6 6-4 7-5; Petr Korda (Cze) b Todd Martin (US x 7) 6-4 3-6 6-2; Stefan Edberg (Swe
          AFP; Reuter  -  195 words
    • EPICURE
      • 785 26  -  Bon Appetit By JAIME EE A FRIEND first told us about American Chili's Grill and Bar, a new place that had taken over the coffee house at the Orchard Parade Hotel. We'd read about it as some business venture between the Wywy group and Singapore Technologies, but
        785 words
      • 648 26  -  By JAIME EE OKAY, so who is this Liana woman that the Oriental Hotel has named its new bistro after? Is she some pan-wielding tyrant of the kitchen who would rather die than let a diner ask for ketchup? Is she some world famous threeMichelin star chef
        648 words
      • 766 26  -  Wine By N K YONG ANTHONY Barton is an engaging person to meet, disarmingly frank and open, and refreshingly direct. He does not beat around the bush. Owner of two of Bordeaux's finest wine properties. Chateau Leoville-Barton and Chateau Lan-goa-Barton, he is an eighth generation
        766 words
    • Article, Illustration
      1031 28 Attack Of The SO FMt Woman. Darryl Hannah has to smile at her cheating husband until she gets abducted and returned by UFOs. She finds that the madder she gets, the larger she grows, and uses it for revenge. Midnight tonight at Lido, Capitol. Jurong, Savoy. Changi. I lam
      1,031 words
  • Page 17 Advertisements
    • 177 17 lEHDIUE ix.-^j^Ecy^ss^S'f CALL, TOLL-FREC Q2QE-OBQ SSBO j| HOMO LBOW WWAWCB k BBBD-BSB BBBS k lIHQAPQRE FINANCE m W b J (<UB" f>oA (> p /\X?";; r/*••• Available exrluuvclv SINGAPORE: BurtMrryi Main Shop: 4» Orchard Road. »<«M2/4S/44, Wisnu Atru. Singapore (*2S. Tel: 755 7115 591 Orchard Road. *0110 TaJuihimaya Shopping Centre.
      177 words

  • Page 18 Advertisements
    • 68 18 I DELUXE EASTERN WATCH I she I IT CEHTREPOINT I H XM I DOH'T IE I ATE I From March 4-6, save up to 60% on brand name watches at the first-ever Deluxe Eastern Watch sale at Centrepoint. Your favourite brands are available straight from the showcase at very special
      68 words
  • Page 18 Miscellaneous
    • 108 18 iu it TILL I/ eves HCS deep ;N;\ PkBOuT LATeR... t UXXJLDN'T I TMOUGHT HiS ISA 1/ TO DISTURB A &LArt< J uoho ts v 1 r ™*!iTJ N cX) (f Oi cPr^ y7\ ferA distort J \XJI NDU 11. H#WC TO SREA< VJP A I Lru J I D
      108 words




  • Page 22 Advertisements
    • 214 22 BUSINESS TIMES/SUNVIC PRODUCTIONS JOINT PROMOTION 26 28 FEBRUARY 1994 RESULTS Congratulations to the following readers who won a pair of $100 tickets each for the Shirley Bassey Concert on March 8 at 8.00 pm at Harbour Pavilion, World Trade Centre: Advani T A I/C: *****81 C AngC K James J/C:
      214 words

  • Page 23 Advertisements
    • 88 23 mmm ML MHV 58Bgfe_ SHL.IHHK_ goes on a house hunt How much are private properties going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in Singapore each month. From that, you'll have view Get your MARCH issue now
      88 words

  • Page 24 Advertisements
    • 468 24 A M ADE us ioo AMA D S JOO < hrono>;r.ipli with .Hitmn.itk miiMMknt. n 1111 l Aim s tccl .intl t.i\c .intl hr.Kvlct. Suvl .mil .iiul hr.uvlct. RAYMOND WLI L_ "ith shielded crown. v Scr.itch-rcsiM.uits.ipphirccrNst.il. GENEVE NX .ltcr-rcsist.int to SC metres. .ltcr-resist.int to SC metres. where time is creation
      468 words

  • Page 25 Advertisements
    • 52 25 ADVERTISEMENT Bnsmegmmes/KFNWQQD GOLFING TIPS Bv BRETT BRASIER PROFESSIONAL GOLFER Fully Qualified Member Of S.P.GA,s Dip in Gott Management flf, when you enter a bunker, your feet sink,say two inches, make sure you grip down the club in order to maintain your from you to 'bury' the r—|»j| ball in the
      52 words

  • Page 26 Advertisements
    • 63 26 To mart (hit auspicious occasion. we ace ottering our jKT~ V lea buffet al rock bottom prices vet a year ago with nothing less > x A than the best? fnfoy the sumptuous spread of aftei noon tea delicacies over a cup of freshly brewed coMreandtea Saturday* Sunday* ....^^fcj Hme:
      63 words

  • Page 27 Advertisements
    • 1185 27 wa Nothing Beats <•"« to dine and entertain OP 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 BLK
      1,185 words

  • Page 28 Miscellaneous
    • 2537 28 TODAY'S TV contact 900 6044 Morning Malaylia other dregs of soci- 10.00 Children's Club. The Searchers, 2pm, SBC 5 Superstars Of Action, 4.30pm, /f 1100 Hey Geed Cooking. u r- j, cor 5 6.00 Movie Magic (Last '1 11.30 PtrkaJminan (M). John Ford s classic sBt 5 Qu r Choice)
      2,537 words