The Business Times, 12 March 1994

Microfilm: NL19089
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    14 1 Business Times MIT VP) 010/12/93 Weekend Edition. March 12-13 1994 WE KNOW ASIA 75«
    14 words
  • Article
    Landmarks shareholders plan bid for Bank Bumiputra
    727 1  -  From Leslie Lopez in KUALA LUMPUR SOME shareholders of Malaysia's Landmarks Bhd. a company controlled by corporate maverick Shamsudin Abu Hassan, have begun negotiations to acquire a controlling interest in state-owned Bank Bumiputra Malaysia Bhd (BBMB). the country's second largest commercial banking group.
    727 words
  • Article
    Regional markets fail to shake off US rate fears
    188 1 SINGAPORE Fears over United States interest rate rises gripped regional markets again yesterday, pushing down most share indices. A sharp fall in US Treasury securities prices on Thursday in New York reinforced views that interest rates are indeed on the way
    188 words
  • Article
    Put vacant govt premises under one body: Auditor-General
    366 1  -  By Abdul Hadhi SINGAPORE Vacant buildings held by most ministries were poorly maintained and not returned promptly to the government when no longer needed, resulting in vandalism and in some eases, complaints from the public, according to the Auditor-Gen-eral. In his recently-released
    366 words
  • Article, Illustration
    Lock icon Motorola and Japan near accord on phone market
    541 1 NYT, Bloomberg Business News, AFP TOKYO Motorola Inc and Japan's Nippon Idou Tsushin Corp had agreed in principle on access to the Japanese cellular telephone market, a company spokesman said yesterday. "We have made a breakthrough in terms of the essence of
    NYT,; Bloomberg Business News,; AFP  -  541 words
  • 2am LATEST
    • Article
      Dow Jones up 8.16 points
      40 1 NEW YORK Wall Street stocks remained dependent on the bond market's performance and continued to trade lower at midday, analysts said. At Ipm EST, the Dow Jones Industrial Average stood at 3838.78 up 8.16 points.
      40 words
    • Article
      Lock icon Viacom takes control off Paramount
      35 1 Bloomberg Business News NEW YORK Viacom Inc yesterday took control of Paramount Communications by buying more than half its stock for US$6.6 billion (5510.4 billion) in cash. Bloomberg Business News
      Bloomberg Business News  -  35 words
  • Article
    Lock icon Ringgit deposits attract interest as supplies dry up
    367 1 Reuter SINGAPORE A shortage of offshore Malaysian ringgit has led some Singapore-based banks to oiler customers interest for their ringgit deposits. "There is some demand for offshore ringgit but supplv has dried up." said a treasury manager with a leading American bank.
    Reuter  -  367 words
  • Article
    Lock icon KL interest rates set to fall further
    210 1 AFP KUALA LUMPUR Malaysia's falling domestic interest rates are expected to dip further amid high liquidity exacerbated by the impending maturity of government bills and securities, dealers said yesterday. Domestic interbank money market rates have fallen b> between 0.5 and 0.75 percentage points
    AFP  -  210 words
  • Article
    MARKET SUMMARY
    159 1 Stock Hiirttt indicts Friday Change STII 2,190.10 -4.0 KLSEComp 1,046.48 +0.48 Nikkei 20,115.31 +24.60 Hang Seng 9,905.66 -223.39 SET Index 1,319.41 -12.98 Jakarta Comp doted CLSA China B ....1,143.47 -4.68 Aust All Ord 2,153.1 -2 FTSE 100 3,191.9 -42 Friday Preriow lpm doae Dow Jones 3,838.78 3,830.62 Average
    159 words
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  • SINGAPORE NEWS
    • IN BRIEF
      • Article
        Govt pays $17m into Edusave accounts
        85 2 LAST YEAR, the government paid a total of $17.7 million into the Edusave aecounts of sehoolchildren. said the Minister ol State for Education Aline Wong. The amount withdrawn was $1.08 million, mostly for "enrichment" programmes. The total Edusave grant for secondary schools was $13
        85 words
      • Article
        Gifted programme children do better
        123 2 CHILDREN under the Gifted Education Programme have done better than those from the normal class, said Minister of State for Education Aline Wong. In the 1993 Primary School Leaving Examination. 52 per cent of the gifted kids scored three "A" stars compared with 40 per
        123 words
      • Article, Illustration
        Gifted scheme has 2-to-1 boy-girl ratio
        119 2 SIXTY-FOUR per cent of the children under the Gifted Education Programme are boys and the rest girls. This ratio of about two to one has been constant since the programme came into effect a decade ago, said Minister of State Aline Wong. It is
        119 words
      • Article
        Varsity enrolment to hit 32,000
        86 2 BY THE end of this decade, total enrolments for the two main universities in Singapore will hit 32.000, up from 5.000 now. Education Minister Lee Yock Suan said. Over the past decade, university enrolments have doubled to 26.000 about 17.000 in the National University of
        86 words
    • Article, Illustration
      New CPF Minimum Sum no problem for most
      651 2  -  Yesterday in Parliament Reports by Chuang Peck Ming,Schutz Lee ABOUT 72 per cent of Singaporeans who turn 55 next year, and who contribute regularly to their Central Provident Fund accounts, will have savings that exceed $40,000. which is the new Minimum Sum
      651 words
    • Article
      House Leader Wong Kan Seng takes reporter to task
      429 2 SINGAPORE Reporter Cherian George of The Straits Times was yesterday accused of contempt of parliament for an article he wrote on Thursday in the newspaper's "From the Gallery" column. Demanding a retraction in the same column. Leader of the House Wong
      429 words
    • Article
      Singapore to remain among India's top foreign investors
      250 2 SINGAPORE is likely to retain its position as the I Ith biggest foreign investor in India this year after falling from seventh place in 1992 due to increasing foreign competition and interest in India, a Trade Development Board olTicial said at a
      250 words
    • Article
      Tech Parks to launch two industrial parks
      248 2 TECHNOLOGY Parks is launching two new industrial park projects, one at Kaki Bukit and the other at Tuas. The company, a Jurong Town Corporation subsidiary, said yesterday the projects would offer a mix of prepared plots and ready-built factories. The Tuas development will
      248 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      250 2 Landed Properties Gold Coast, South East Queensland Australia's fastest growing region and premier tourism destination Exclusive Residential Estates Large Landed properties 8,500 sqft-13,500 sq ft with masterbuilt houses from 1,780 sq ft-3,200 sq ft minutes to beach, 20 golf courses, casino, universities, largest shopping centres, Brisbane Gold Coast Airports. PRICED
      250 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      474 2 WEATHER Singapore: Showers over several areas in the afternoon. (Temperature range: 24-31). fate-Fac«c M/U* Cwte. Emfl M/U* Cast Buenos 27/17 Cloudy Acodarxj 22/16 Cloudy Amsterdam 11 06 Cloudy Oxcago 03 -4 Cloudy Barg»ok 34 22 Cloudy titers 18.11 Sumy Honolulu 2618 Cloudy B*'.-re 14 03 Cloudy Bean 1103 Ooudy Houston
      474 words
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  • THE REGION
    • Article
      Lock icon China admits to huge deficit for this year's Budget
      523 3 Reuter BEIJING China's finance minister owned up yesterday to a huge deficit for this year in his Budget plan and was not sure how his figures would end up because of major revamping of the financial and tax system. Liu Zhongli
      Reuter  -  523 words
    • Article
      Lock icon Chinese securities law not ready yet: economist
      285 3 UPI BEIJING A leading Chinese economist said yesterday that China's controversial securities law, originally set for passage at the current session of the national legislature, will not be ready until late 1994, the official media said. Government regulators, worried about flourishing insider trading
      UPI  -  285 words
    • Article
      Lock icon Beijing cracks down on joint-venture fraud
      255 3 AFP BEIJING The Chinese authorities have been cracking down on the new phenomenon of joint-venture fraud, revoking the licences of well over 100 Sino-foreign businesses nationwide, the China Daily said yesterday. Violators included foreign investors "lying" about their capital investments, falsifying their accounts, overcharging
      AFP  -  255 words
    • Article, Illustration
      Lock icon Suharto rules out retirement before term expires
      498 3 Reuter JAKARTA Indonesia's ageing President Suharto has firmly quashed speculation he will step down before his mandate expires in 1998. but indicated he might not seek a seventh five-year term. President Suharto, a 72-year-old retired general in power since 1967, was re-elected a
      Reuter  -  498 words
    • Article
      Lock icon Taipei proposes stringent Budget with first cut in 11 years
      297 3 AFP TAIPEI Taiwan's Cabinet has unveiled a stringent Budget for the fiscal year 1995-96 beginning July 1 with a 1.2 per cent cut in government spending. cabinet officials said yesterday. The proposed Budget of NTS 1.05 trillion (SS63 billion) is
      AFP  -  297 words
    • Article
      Lock icon Penang minister urges Malaysians to invest in China
      281 3 Bernama PLNANG Deputy Chief Minister Ibrahim Saad yesterday called on local investors to seek new opportunities in China in an effort to expand overseas investment. Dr Ibrahim said the time had come for local investors to seek investment opportunities overseas, particularly in
      Bernama  -  281 words
    • Article, Illustration
      Lock icon Helpless rage
      59 3 Reuter UTHAI THAN I A Thai forestry official staring helplessly as fire raged at Huay Kha Khaeng Wildlife Sanctuary in central Thailand on Thursday. The fire, caused by careless hunters, destroyed a large area of the forest and killed many kinds of wildlife. A lack of manpower and
      Reuter  -  59 words
    • Article
      Lock icon Pakistan wants to shift trade away from cotton mainstay
      363 3 Reuter ISLAMABAD Pakistan is trying to develop new export products after two bad cotton harvests that have slashed sales of its traditional staple item, says Commerce Minister Ahmad Mukhtar. Prime Minister Benazir Bhutto's four-month-old government is also considering moving closer to
      Reuter  -  363 words
    • Article
      Lock icon Japan's materials industry faces shake-up
      186 3 Reuter TOKYO The merger of two eement makers and the closure of a steel maker's blast furnace this month are part of the first wave of the restructuring of Japan's materials industry, analysts said. And more waves are to come, they say. "Restructuring will go
      Reuter  -  186 words
    • Article
      Lock icon Australia set to lead West with sparkling 4.5 pc growth in 1993
      351 3 Reuter SYDNEY Australian economic growth may have topped 4.5 per cent in 1993, the best performance in over four years and ranking Australia among the fastest growing economies in the industrialised world, analysts said. Australian gross domestic product
      Reuter  -  351 words
    • ASIA NOTES
      • Article
        Lock icon South China loses an investor
        79 3 AFP SYDNEY Diversified Australian manufacturer Pacific Dunlop Ltd has halted further investment in southern China because it considers the economy there to be overheated, it was reported here yesterday. Pacific Dunlop managing director Philip Brass said the company will concentrate its future investment activities in
        AFP  -  79 words
      • Article
        Lock icon Auctioning seven Indian state firms
        93 3 Reuter NEW DELHI India plans to partially privatise seven state-? owned firms from March 17 in a two-week run of share auctions. The government will advertise the public auction of between 5 and 12 per cent of shares in the firms in various newspapers on
        Reuter  -  93 words
      • Article, Illustration
        Lock icon Filipinos urged to stop smoking
        39 3 Reuter MANILA Philippine Health Secretary Juan Flavier leading supporters here yesterday in a campaign to urge his countrymen to give up smoking. Behind Mr Flavier is the country's mascot in the anti-smoking campaign. Reuter
        Reuter  -  39 words
      • Article
        Lock icon Japan to keep 50pc import tax on beef
        101 3 AFP TOKYO The Japanese government decided yesterday to maintain a 50 per cent tariff on imported beef until 1995, when duties are to be lowered in accordance with a Gatt agreement, officials said. The government also approved the continuation of an import
        AFP  -  101 words
      • Article
        Lock icon China plans five nuclear plants
        71 3 Reuter CHENGDU China plans to build at least five nuclear power plants in the next seven years, but conventional power plants will remain the mainstay of energy development until the year 2000. Xu Liangyi. a director of the Ministry of Power Industry, said yesterday. The
        Reuter  -  71 words
      • Article
        Lock icon London editor remains defiant
        99 3 Bernama LONDON Andrew Neil, editor of the London Sunday Times. has responded to Malaysian Defence Minister Najib Tun Razak's call to British industries to boycott his newspaper by promising to continue investigations into allegations of Malaysian corruption in his newspaper this weekend. The limes newspaper, also
        Bernama  -  99 words
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  • THE REGION/WORLD
    • Article
      Lock icon Bond market may be doing Fed's job by pushing up rates
      585 4 Reuter WASHINGTON The Federal Reserve will probably have to tighten its credit grip again to fight inflation, but for now the bond market may be doing the central bank's job by sharply pushing up long-term interest rates, a top
      Reuter  -  585 words
    • Article
      Lock icon US February retail sales rebound with 1.5pc rise
      388 4 AP, Reuter WASHINGTON United States retail sales rebounded in February despite the bad winter weather in much of the nation, rising I.S per cent after falling in January for the first time in 10 months. The Commerce Department yesterday reported that sales,
      AP,; Reuter  -  388 words
    • Article, Illustration
      Lock icon Christopher arrives in China for crucial talks
      289 4 Reuter BEIJING US Secretary of State Warren Christopher arrived in China yesterday for talks which may determine whether the US effectively Closes its markets to Chinese exports later this year. Mr Christopher, who will meet Foreign Minister Qian Qichen, Prime Minister Li Peng
      Reuter  -  289 words
    • Article
      Lock icon IRA shells Heathrow airport for second time in two days
      400 4 Reuter, AFP, AP LONDON London's Heathrow airport came under mortar attack for the second time in two days yesterday following a warning that the IRA wants to break the Northern Ireland "stalemate". Like those in the first strike some 30
      Reuter,; AFP,; AP  -  400 words
    • Article
      Lock icon Arrears to development banks undermining US influence: Bentsen
      309 4 AFP, UPI WASHINGTON The United States is in an embarrassing situation with millions of dollars in overdue bills to development banks, Treasury Secretary Lloyd Bentsen admitted on Thursday. "Other countries have budgetary problems but they still make their contributions on time, and
      AFP,; UPI  -  309 words
    • Article
      Lock icon White House denounces media for reporting rumours on Whitewater case
      262 4 Reuter WASHINGTON The White House condemned leading United States news organisations yesterday for reporting "wild rumours" on the Whitewater case that had begun shaking world financial markets. White House spokeswoman Dee Dee Myers also blamed Republicans for feeding the media
      Reuter  -  262 words
    • Article, Illustration
      Lock icon Ex-minister arrested in Japan bribe probe after Diet's approval
      493 4 AP. Reuter TOKYO A former Cabinet minister suspected of taking a bribe from a big construction firm was arrested yesterday after parliament, in a rare move, approved the arrest. Kishiro Nakamura. a former construction minister, is the first national lawmaker and
      AP.; Reuter  -  493 words
    • Article
      Lock icon Japan appoints new chief for stalled trade talks with US
      248 4 AFP TOKYO Japan yesterday appointed Sadayuki Hayashi as the new chief negotiator for the stalled Japan-United States trade framework talks amid reports that both countries will meet next week in Washington. Mr Hayashi was appointed deputy foreign minister, replacing Koichiro
      AFP  -  248 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      8 4 The little woman isn't little at all, EL2
      8 words
    • Advertisement
      Page 4 Advertisements Column 2
      191 4 VITAL Investing on fundamentals or punting for a quick profit it pays to know about a H Ivl company before putting in your money. m Company Spotlight lets you gen up on hot stocks. It gives: Key information about the company, ■Bv including its financial position over several years and
      191 words
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  • THE WORLD
    • Article
      Lock icon German union leaders accept compromise pay offer
      451 5 Reuter STUTTGART. Germany German public-sector union leaders recommended acceptance of a compromise pay offer from employers on Friday, while engineering workers in the north of the country overwhelmingly approved a separate pay deal. The main public-sector union OeTV said its negotiators would advise
      Reuter  -  451 words
    • Article
      Lock icon Yeltsin signs civic peace pact to appease foes
      243 5 AP MOSCOW President Boris Yeltsin and some of Russia's top party leaders decided on Thursday to sign an agreement on civic peace to end the infighting that has led to political violence and hindered economic reforms. The step, initiated by Mr Yeltsin,
      AP  -  243 words
    • Article, Illustration
      Lock icon US aircraft carrier arrives in Japan
      62 5 Reuter YOKOSUKA, Japan The Carl Vinson, one of the US Navy's biggest aircraft carriers, arrived at Yokosuka naval base early yesterday as part of a four-day visit. The nuclear-pow-ered Viscon, accompanied by two of its seven-vessel flotilla, arrived in Japan as tension mounts on
      Reuter  -  62 words
    • Article
      Lock icon Air France rescue plan gets mixed response from unions
      292 5 FT. Reuter PARIS Trade union response yesterday to a rescue plan aimed at turning around loss-making Air Franee was generally positive hut was hedged with reservations. Air France's rescue plan, including a three-year wage freeze and 5.00() voluntary redundancies. was put
      FT.; Reuter  -  292 words
    • Article
      Lock icon Russia plans to repay US$4.8b and win US$4.8b in new loans
      239 5 Reuter MOSCOW Russia, which owes Western creditors slightly more than USSBO billion (SSI2B billion), plans debt repayments of USS4.B billion this year and expects to win new loans of USSS.B billion, a finance ministry document revealed yesterday. The document,
      Reuter  -  239 words
    • WORLD WATCH
      • Article
        Lock icon US investors on prowl in Latin America
        80 5 AFP RIO DE JANEIRO US investors are looking for investment opportunities in Latin America and will continue to increase investment in Brazil despite inflation of 40 per cent monthly, a US banker said on Thursday. Charles Gunett, director of investments for Merrill Lynch
        AFP  -  80 words
      • Article
        Lock icon Chile's presidency conies full circle
        96 5 Reuter SANTIAGO Christian Democrat Eduardo Frei takes over as Chile's president on Friday (today Singapore time), closing, a circle of history 24 years after his father handed over power. In,a ceremony which confirms Chile's return to democracy after niilU tary rule, Mr Frei has said
        Reuter  -  96 words
      • Article
        Lock icon Russia restores Ukraine gas supply
        78 5 Reuter MOSCOW Russia's Gazprom company said yesterday it had restored gas supplies to Ukraine after Kiev agreed to pay for previous deliveries with cash and property, but Western consumers were still receiving less than they should. "Supplies to Ukraine have been restored, but the pressure
        Reuter  -  78 words
      • Article
        Lock icon Slight fall seen in Canada jobless rate
        61 5 Bloomberg Business News OTTAWA Canada's unemployment rate is expected to be 11.3 per cent in February and to hover above 11 per cent for the next few months, economists said. Canada was due to release its lajest jobs report today. In January, the
        Bloomberg Business News  -  61 words
    • Article
      Lock icon Washington overcomes security worries to allow sale of satellite photos
      205 5 AFP WASHINGTON US companies will be allowed to sell satellite photos and remote imaging systems after proper consideration is given to national security concerns, said Deputy Commerce Secretary David Barram. Calling the decision "a major milestone in the commercialisation of
      AFP  -  205 words
    • Article
      Lock icon Soaring British trade deficit sets alarm bells ringing
      309 5 Reuter LONDON Britain's trade deficit plunged even deeper into the red in December, fuelling Tears recovery could be upset by a surge in imports. The country had a visible trade deficit of £1.57 billion (553.7 billion) in December, sharply higher than November's
      Reuter  -  309 words
    • Article
      Lock icon G-7 nations to discuss record unemployment next week
      423 5 Reutcr WASHINGTON With unemployment in most industrialised countries the highest since the Great Depression, officials from major nations gather in Detroit next week to discuss what to do about it. In Western Europe, unemployment is over 11 per cent and rising. In
      Reutcr  -  423 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1739 5 city rt»t eta n»t tn_ eg ggi o> n» n» Abu Miafci GA860 2005 Hanoi SQ175 1905 VN740 1410 Amman RJ187 0130 Hatyai TG408 0820 Amstenlam SQ25 0635 KL844 0535 Ml895 2300 112° KL837 1545 KL838 2335 MirwMwa SQ991 1730 SQ992 0155 SQ324 2345 W Ctt
      1,739 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Club Med takes 15pc stake in SSL's Bintan project
      289 6  -  By Lilian Ang SINGAPORE French resort operator Club Med is taking a 15 per cent stake in Straits Steamship Land's multi-million-dollar, joint- venture leisure project on .Bintan island. Club Med, which has been stepping up its presence in the Asia-Pacific region,
      289 words
    • Article
      SIA opens A$6.9m Perth headquarters
      252 6  -  From Corinne Kerk in PERTH »SiNGAPORE Airlines opened its A 56.9 million (SS7.B million) 10-storey building in the heart of Perth's central business district yesterday. Singapore Airlines House, in St George's Terrace, is one of SlA's largest refurbishment projects. It was purchased in October 1992
      252 words
    • Article, Illustration
      S'pore banks unlikely to repeat their exceptionally good performances this year
      904 6  -  HOCK LOCK SIEW By Alvin Tay SINGAPORE Do not expect the locally-listed commercial banks to report earnings growth in the high double digits again in 1994. 1993 was clearly an exceptional year so exceptional that CEOs of the local
      904 words
    • Article
      Albert Hong pays $11m for 6pc more of L&M
      280 6  -  By Paul Leo SINGAPORE The non-ex-ecutive director of Guthrie GTS and chairman of specialist contractor L&M Group Investments. Albert Hong Hin Kay. has bought 6 per cent of the issued and paid-up capital of L&M. raising his stake to 16 per
      280 words
    • Article
      ABR Holdings' interim earnings down 18.8pc
      288 6 SINGAPORE Sesdaq-listed ABR Holdings has reported an 18.8 per cent fall in interim net earnings to 5987.000, despite a 25.2 per cent rise in turnover to 5i3.99 million in the period to Dec 31. 1993. However, the comparison might not be accurate because the
      288 words
    • Article
      Lock icon Malaysian bourse will remain buoyant this yean TA Enterprises
      254 6 Bernama KUALA LUMPUR TA Enterprises Bhd. which has a stockbroking arm. TA Securities Sdn Bhd. feels that the local stock market is expected to remain firm this year. In a rev iew of the market, it said massive infrastructure works such
      Bernama  -  254 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        19 6 For next week cxfxintJ market sentiment. \ee HI Sentiment Index on hi.4 (Personal Finance dr Investment section/
        19 words
      • Article, Illustration
        HOT STOCK
        149 6  -  -By Paul Leo Jurong Engineering slipped 30 cents to Si 1.10 yesterday, bringing it below its support of Si 1.20. But there is nothing to worry about because short and medium-term technicals are bullish. Also, volume yesterday was just 2,000 units, compared to the 10-day average of 48.000
        149 words
    • Article
      Lock icon Lower profit for KFC (M)
      77 6 Bernama KUALA LUMPUR KFC Holdings (M) Bhd has chalked up a lower group pre-tax profit of M 522.04 million (5512.78 million) for the year ended Dec 31, 1993, down 18.9 per cent from M 527.19 million the year before. At the company level, pretax profit
      Bernama  -  77 words
    • Article, Illustration
      Lock icon Yeo Hiap Seng set to dish up unappetising results: analysts
      814 6 Bloomberg Business News SINGAPORE Yeo Hiap Seng Ltd. the Singapore food company known for such delights as Chun King's canned chop suey and Yeo's soya bean drink, will deliver investors unappetising year-end results later this month. Shares of the family-run
      Bloomberg Business News  -  814 words
    • COMPANIES
      • Article, Illustration
        Lock icon KL listing house plans computer ballots
        494 7 Bernama KUALA LUMPUR Malaysian Issuing House Sdn Bhd. the country's second issuing house, was working on introducing computerised balloting as part of efforts to review and modernise the share application process, its chairman, Malek Merican said yesterday. The move could see the advent of
        Bernama  -  494 words
      • Article
        Lock icon Nylex pre-tax operating profit up 9.9pc
        253 7 MBT KUALA LUMPUR Nylex (M) Bhd posted a 9.9 per cent increase in group operating profit before tax to M 555.33 million (5529.42 million), for the year ended Dec 31 1993. Group sales jumped 10.3 per cent to M 5369.82 million. However, operating profit
        MBT  -  253 words
      • Article
        UNIT TRUSTS & FUNDS
        1222 7 UNIT TRUSTS FUNDS Managers' prict* Mar 12 15 us Gr Fund 1.06 1.10** Singapore Unit Trust LW The Commerce 1.72 1.81 .tit* .'..is The Savings Fund 1.57 I 65xd H c u S pore Prog Fund 0 73 0.77 n F nd *J '-J? S pore Sec Fund 1.09 1.14
        1,222 words
      • Article
        Lock icon Manila sets aside 20pc of refinery shares for public
        229 7 AFP MANILA The government plans to offer 20 per cent of the newly-privatised Petron oil refinery to the public.in May with local investors getting first priority. Energy Secretary Delfin Lazaro said here yesterday. Mr Lazaro said the Saudi Arabian Oil Company
        AFP  -  229 words
      • Article
        Lock icon Ayala defers giant stock offer
        198 7 AFP MANILA Philippine prop-erty-based giant Ayala Corp said yesterday it was deferring a major stock and global depository receipts (GDR) offer due to unfavourable conditions in the domestic and international markets. Ayala Land Inc (ALI) was scheduled to offer this month 160.5 million in "B"
        AFP  -  198 words
      • Article
        Lock icon Taiwan firm plans Philippine cement plant
        209 7 Reuter TAIPEI Chia Hsin Cement Corp, Taiwan's third largest cement maker, is planning to start building a cement factory in the Philippines in the second half of this year and complete construction within three years. The company plans to invest USSIOO million (Ssl6o million)
        Reuter  -  209 words
      • Article
        Lock icon EPF expected to help finance Sikap power project
        414 7 Bernama KUALA LUMPUR The Employment Provident Fund (EPF) is expected to play a part in the end-financing of Sikap Energy Ventures' (SEV) mammoth power plant project in Lumut. SEV. a subsidiary of Sikap Power Sdn Bhd. was granted a licence to build,
        Bernama  -  414 words
      • Article
        Lock icon Lam Soon Huat loan stocks won't be listed on KLSE
        135 7 Bernama KUALA LUMPUR Lam Soon Huat Development Bhd's issue of a M 550.514,400 nominal amount of 5 per cent guaranteed redeemable unsecured loan stocks 1994/1999 with 50.514.400 detachable warrants will not be listed on the Kuala Lumpur Stock Exchange. Arab-Malaysian
        Bernama  -  135 words
      • Article
        Lock icon KIB Textiles picks property development as a future core business
        302 7 The Star KUALA LUMPUR KIB Textiles Bhd. which underwent a major change of ownership last month, has identified development and government privatisation projects as its future core businesses. Executive chairman Zakaria Haji Hamzah said the company wanted to diversify into
        The Star  -  302 words
      • COMPANY BRIEFS
        • Article
          SAe unit finishes aircraft door project
          42 7 SINGAPORE Singapore Aerospace Manufacturing, a whollyowned subsidiary of Singapore Aerospace, has completed the first Boeing 777 nose landing gear door, three months ahead of schedule. The US$l2 million (SSI9 million) contract was signed in November 1991.
          42 words
        • Article
          Goldtron trading to be suspended
          22 7 SINGAPORE Goldtron Ltd yesterday requested that trading in the company's shares and warrants be suspended on Tuesday.
          22 words
        • Article
          Telecom unit raises stakes
          54 7 SINGAPORE Singapore Telecom International Pte Ltd has increased its stake in two overseas subsidiaries. STI said yesterday it has raised its shareholding in Sing Com (Australia) Pty Ltd from 89.3 per cent to 91.3 per cent, and in Lanka Communication Serv ices from 52 per cent
          54 words
        • Article
          Charges against Optics dropped
          26 7 SINGAPORE Wearnes Automation Pte Ltd and Weames Peripherals Pte Ltd yesterday dropped its charges of copyright infringement against Optics Storage Pte Ltd.
          26 words
        • Article
          Lock icon MPI plans one-for-three rights issue
          95 7 MBT KUALA LUMPUR Malaysian Pacific Industries Bhd is proposing a one-for-three rights issue of 49.82 million new 50-sen shares at an issue price of M 53.50 each. Proceeds from the proposed rights issue are expected to raise about MS 174 million (SSIOI million), said Aseambankers
          MBT  -  95 words
        • Article
          Lock icon Phikom seeks nod for capital hike
          74 7 AFP MANILA Philippine Global Communications Inc (Philcom), a major telecommunications firm, yesterday sought government approval for a 100 per cent increase in its authorised capital to one billion pesos (SSS7 million). The company said it plans to raise the money through an initial public
          AFP  -  74 words
        • Article
          Lock icon Crosby to open Manila office
          75 7 AFP MANILA Hongkong-based Crosby Securities Ltd, one of Asia's top equities firms, announced here on Thursday it will open an office in Manila later this month as a sign of its confidence in the Philippine Stock Exchange's long-term prospects. The entry of Crosby Securities Philippines
          AFP  -  75 words
        • Article
          Lock icon Kumagai Gumi to sell stake
          72 7 Reuter BANGKOK Thai construction firm Ch Karnchang is set to buy Japanese giant Kumagai Gumi's 65 per cent stake in the Bangkok Expressway Co Ltd next week. Kumagai Gumi's general manager in Bangkok. Y Yamaguchi. said yesterday. The sale will end a bitter wrangle between
          Reuter  -  72 words
      • Article
        Corrections and clarifications
        45 7 IN the table accompanying yesterday's story headlined "OUB's group net earnings surge 53pc to Si63m", it was wrongly stated that the group's 1993 net earnings were S$ 106.5 m. The figure should be $163.4 million instead. We are sorry for the error.
        45 words
      • Article
        Lock icon Japan's banks to post sixth consecutive year of profit falls: analysts
        432 8 Bloomberg Business News TOKYO Japanese banks are expected to report their sixth straight year of profit declines for fiscal 1994, ending in March 1995, according to forecasts by research units of Japanese securities companies. Research institutes of Nikko Securities
        Bloomberg Business News  -  432 words
      • Article
        Lock icon Northrop offers US$60 a share for Grumman in bidding war
        260 8 Bloomberg Business News LOS ANGELES Northrop Corp on Thursday started a bidding war for Grumman Corp by offering US$6O a share, or US$2.O4 billion (553.23 billion) in cash, for the defence contractor. The bid topped the US$55-a-share offer that Martin
        Bloomberg Business News  -  260 words
      • Article, Illustration
        Lock icon Coles Myer set to hit full-year profit target
        175 8 Reuter MELBOURNE Coles Myer Ltd. Australia's largest retailer, says results are on course in the year to July to surpass its 1992/93 profit. The company, about 21 per cent-owned by K-mart Corp. earlier announced a rise in net profit to AS24S.I million
        Reuter  -  175 words
      • Article
        Lock icon HK's Seabil issuing shares to fund HK$265m China projects
        246 8 Bloomberg Business News WELLINGTON Seabi! Pacific Ltd, a Hongkong-based real estate investment company, said it would issue new shares to finance the HKS26S million (Sss4 million) acquisition of three projects in China. Seabil Pacific is 60 per cent-owned by SEA Holdings
        Bloomberg Business News  -  246 words
      • COMPANY BRIEFS
        • Article
          Lock icon IBM boss paid US$7m last year
          132 8 Bloomberg Business News WASHINGTON IBM's chairman and chief executive. Louis Gerstner. earned US$7.7l million (SSI2 million) in salary, bonuses and other cash compensation. The 52-year-old Mr Gerstner, who was hired last March, also received stock options that could be worth up to USS3B.2 million.
          Bloomberg Business News  -  132 words
        • Article
          Lock icon Christies optimistic on outlook
          74 8 Reuter LONDON Christies International pic. the world's second largest art auction house, said it was "cautiously optimistic" about prospects for 1994 after announcing that its 1993 profits nearly trebled. Pre-tax earnings soared to £18.9 million (Ss42 million) on sales of £146.77 million, up from profits of
          Reuter  -  74 words
        • Article
          Lock icon Paliburg in China power projects
          112 8 Bloomberg Business News HONGKONG Paliburg International plans to invest in power stations and industrial projects in China through an equallyowned joint venture with the state-controlled enterprise China Chang Jiang Energy Co (CJEC). Real estate and investment group Paliburg said it has agreed to buy a
          Bloomberg Business News  -  112 words
        • Article
          Lock icon Pasminco to sell 40pc of mining unit
          84 8 Reuter SYDNEY Base metals miner Pasminco Ltd said it has agreed to sell a 40 per cent stake in the Elura lead and zinc mine in New South Wales (NSW) to Korea Zinc Co Ltd for AS4O million (SS44 million). Pasminco said it
          Reuter  -  84 words
        • Article
          Lock icon NEC's takeover of Bull group
          75 8 AFP TOKYO French Minister of Industry and Trade Gerard Longuet said here yesterday that a majority takeover of France's recently privatised Bull group by Japan's leading computer manufacturer NEC was not out of the question. "There is no limit to NEC acquiring shares in Bull."
          AFP  -  75 words
        • Article
          Lock icon Tokai Steel Works sees loss at 1.5b yen
          76 8 Bloomberg Business News TOKYO Tokai Steel Works Ltd yesterday announced revised earnings estimates. The company says it now expects a current loss of 1.5 billion yen (SS22 million) in the full year to March 31. The company reported a current profit of
          Bloomberg Business News  -  76 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        516 8 Vessel Vey He Berth Unwal Departure Vessel Voy Nb Berth fcriwI Departure JUTMIg Port Amaiya 003 P01A 1203/1530 1303 0630 Baton Mali N108 J1 alongside 1203/2300 Batam Speed A1694* TO1A 1103/2230 1103/2330 Dontnama Potiang 402 17 alongs* 12.03/0200 Batam Speed ****** P01A 1203/0700 1203/0800 FGA 38/8 03/01/94
        516 words
      • Article
        CONTAINER SCHEDULES
        1856 8 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Wp »>y Wo Cwtanm avatatote Sip Voy N» Containm avalatte Bandar Mm 22W COO(EST) 1203 94 0600 Sea Laurel 266N COO(EST) *****4 0/00 Socol 1 9409N COO(EST) 12.0394 0600 Wan Ha 202 S064 COO(EST) *****4 0700 lucky Rivet 41 COO(EST) 1103
        1,856 words
    • FINANCE & COMMODITIES
      • Article
        Banque Indosuez to take controlling stake in Indonesian bank
        426 9  -  By Shiv Taneja SINGAPORE Banque Indosuez is to acquire a controlling stake in an Indonesian bank later this month. The stake will give the French bank a banking presence in 21 countries in Asia, making it the largest continental European bank
        426 words
      • Article
        Lock icon US pension funds raise foreign stakes
        245 9 FT NEW YORK American pension funds dramatically increased their overseas investment last year, with most new cash used to purchase foreign equities, figures released on Thursday confirm. The value of American pension funds' assets abroad rose by 69 per cent to US$26O billion (*****.8
        FT  -  245 words
      • SMALL CHANGE
        • Article
          Lock icon DKB to bail out brokerage arm
          87 9 AFP TOKYO Japan's Dai-ichi Kangyo Bank yesterday decided to bail out its ailing brokerage subsidiary Kankaku Securities Co with a new share issue to help its rehabilitation programme. Kankaku, a second-tier brokerage house, is expected to report about 50 billion yen (***** million) in
          AFP  -  87 words
        • Article
          Lock icon Ming Pao takes US$30m loan
          100 9 Bloomberg Business News HONGKONG Hongkong newspaper and magazine publisher Ming Pao Enterprises is borrowing US$3O million (5547.7 million) through a group of banks led by Standard Chartered Asia Ltd. Standard Chartered said the loan would have a five-year maturity but that it expected to pay
          Bloomberg Business News  -  100 words
        • Article
          Lock icon Indian telecom monopoly issues GDRs
          68 9 Bloomberg Business News NEW DELHI A US$l billion (551.59 billion) issue of global depository receipts (GDRs) will be introduced by India's overseas telecommunication monopoly which will fund domestic network and new switching equipment and digital exchanges, an official statement said. The GDR issue of Videsh
          Bloomberg Business News  -  68 words
        • Article
          Lock icon Saudi investment firm sues private bank
          91 9 AFP ISLAMABAD A Pakistan-based Saudi investment company has filed a suit for payment of 62.4 million rupees (SS3.18 million) by a private bank, said company officials. The Saudi-Pak Industrial and Agricultural Investment Company, a joint venture between the governments of Pakistan and Saudi Arabia,
          AFP  -  91 words
      • Article
        F J Benjamin opts to extend $50m facility
        200 9 SINGAPORE Local retailer FJ Benjamin yesterday opted for a two-year extension on its $50 million loan facilities with its lender and tender panel bankers. The agreement, originally signed in 1991, covered a three-year period with an option for another two. The $50
        200 words
      • Article, Illustration
        Lock icon Buy American first
        42 9 Reuter MOSCOW A Russian woman try ing to buy US dollars at one of Moscow's central exchanges on Thursday. The rouble fell to a record low of 1,706 to the US dollar on the Moscow Interbank Currency Exchange. Reuter
        Reuter  -  42 words
      • Article
        Lock icon Foreign banks poised to win more Aussie corporate deals
        351 9 Reuter SYDNEY Foreign banks in Australia were expected to become more competitive with leading local banks in corporate lending in 1994, after enjoying record profits in 1993 on expanding business activity, analysts say. Local subsidiaries of overseas banks are using Australia
        Reuter  -  351 words
      • Article
        Lock icon China's ban on spot oil imports shakes confidence overseas
        448 10 Reuter SINGAPORE China's temporary ban on spot oil imports has cast a shadow on the booming Asian demand which many foreign oil traders and investors had come to expect and rely on, industry sources said. The ban, expected to last one
        Reuter  -  448 words
      • Article
        Lock icon Sri Lanka currency gets stronger with forex inflows
        318 10 Reuter COLOMBO Huge foreign exchange inflows are strengthening Sri Lanka's rupee against the US dollar and brokers and analysts said yesterday they expected further rupee gains by the end of the year. The rupee, whose value against the greenback is set by
        Reuter  -  318 words
      • Article
        Lock icon France's Scor planning 1b franc convertible bond issue
        328 10 Bloomberg Business News PARIS France's largest reinsurer Scor SA, which returned to profit and resumed dividend payments last year, plans to reinforce its shareholders' funds through the sale of at least one billion French francs (SS274 million) of convertible bonds. Scor swung
        Bloomberg Business News  -  328 words
      • Article
        Lock icon Chevron-ABB's US$500m oil venture in Russia
        239 10 NYT NEW YORK In one of the largest Western investments in Russia's declining oil industry, the Chevron Corp and Asea Brown Boveri (ABB) plan to announce today a US$5OO million (SS79O million) agreement to license technology and help upgrade a major oil refinery in
        NYT  -  239 words
      • Article, Illustration
        Bearish outlook for US$/DM
        370 10 DBS Weekly Currency Review USS/DM: Bearish channel seen US$/DM made marginal gains to 1.7250 on Monday before aggressive selling dragged it to a low of 1.6750 on Thursday. A bearish channel is seen in the daily bar chart, indicating the start of a downward trend. Support
        370 words
      • Article
        Lock icon Stop pegging HK$ to US$, urges Hongkong banker
        195 10 AFP HONGKONG One of Hongkong's most influential bankers called yesterday for an end to the local dollar's peg to the US greenback, saying it was a major cause of chronic inflation in the territory. Bank of East Asia Ltd chairman David Li
        AFP  -  195 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        134 10 INVESTIGA HONS into the US Whitewater affair weighed on the USS and the USS majors moved lower throughout the day yesterday. Attempts by the BOJ to support the USS failed in the face of a bear USS market and it stayed weak all day. The
        134 words
      • Article
        Lock icon London
        178 10 Reuter LONDON The dollar did little during a quiet morning in Europe yesterday, holding around its new lower levels as players awaited February retail sales data from the US. Dealers said while US President Bill Clinton's Whitewater problems were weighing on the dollar in a thin market, the possibility
        Reuter  -  178 words
      • Article
        Lock icon Malaysian Tapis prices down on slack demand
        159 10 ENERGY RETORT Bloomberg SINGAPORE Cargoes of Malaysian Tapis, the Asian benchmark crude, have fallen more than 40 cents per barrel during the week as demand for the light, low-sulphur crude has all but dried up. Forward supplies of Tapis for April delivery were
        Bloomberg  -  159 words
      • Article
        Lock icon New York
        88 10 AFP NEW YORK The dollar fell against other major currencies except the pound yesterday in a market unnerved by the brewing Whitewater affair. At about 10:00 am (ISOO GMT), the dollar was trading at 1.6770 German marks, down from 1.6835 late on Thursday. The greenback also was trading
        AFP  -  88 words
      • Article, Illustration
        Untitled
        1623 10 IruJr »t ifhn-J indr\ lukulaieJ aguinsi S'pmr's /<*> 14 irmJimt partm-ry &IM' lit* /W US$/S$ forward rates Noon Mar 11 ss BM OOcr 1-month ***** 1.5834 2-monlh 1.5815 1.5(30 3-monlh 1.5812 1.5827 6-month ***** 1 5820 Source: OCBC FOREIGN CURRENCY NOTE RATES Aa at lla m Mar 11: Siippore dollars
        1,623 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen higher on technical rebound
        1361 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended higher in moderately active trade yesterday. Dealers said the Euroyen looks like it may try higher on technical grounds as it continues to recover from last week's plunge. "The Euroyen is firmer because Japanese rates looks like
        Reuter  -  1,361 words
      • Article
        KL tin loses eight sen on strong selling
        626 11 COMMODITY REPORTS Tin TIN closed eight sen lower at MS 14.08 a kg after a lower London market prompted initial strong selling yesterday, traders said. They noted an opening offer of 75 tonnes against hid of 10. Turnover was 65 tonnes versus
        626 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Asian robusta coffee prices seen firm
          124 11 TOKYO Traders say Asian robusta coffee prices are set to rise further as Indonesia, which will shortly begin to retain its output, also faces potential harvest delays of more than a month. Indonesia's 1993-94 (October-September) coffee crop's harvest should have started by now. but
          124 words
        • Article
          China key to higher copper prices
          101 11 TOKYO China holds the key to any near-term gain in dormant copper prices, traders say. The red metal is still poised for gains linked to an upturn in demand, although the road up is expected to be rocky. China was once a big buyer
          101 words
        • Article
          Thai Feb rice exports down 12.7pc
          72 11 BANGKOK Thai rice exports totalled 416.838 tonnes in February, down 12.7 per cent from January. Thai Board of Trade figures showed. But exports were up 68.3 per cent from a year earlier, according to the figures, which were provided by international surveyor Overseas Merchandise
          72 words
        • Article
          S Korea buys Chinese corn
          58 11 SEOUL The South Korean National Livestock Cooperative Federation purchased 140.000 tonnes of Chinese corn in an open tender late on Thursday at USS 118.29-121.50 per tonne C&F. a federation official said. Nearly all the corn is for May-June delivery except one cargo for immediate shipment,
          58 words
      • Article
        COMMODITY PRICES
        1493 11 Rubber Mar 11 Singapore Csniandity Exchange (futures dosing as at SICOM (physical prices) Bayers Sailers RSS 1 Contract (S cents/kg) *>«< 12 aaea (S ccnts/kg) Close Volume Open RSS 2 Apr M 144.SO 145.50N Month High Low Sett (tonnes) Interest RSS 3 Apr 94 143.50 I 44.50N RSS
        1,493 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1001 12 -2 Australian shares finished slightly down on low turnover yesterday. hut firmer on the week, with gold stoeks benefitting from eontinuing political tensions in South Africa. The bourse barometer, the All Ordinaries index, ended two points lower at 2.153.1. but up 36.3 points over the week. The March share
        1,001 words
      • Article
        Manila
        555 12 +5.89 Manila share prices rose marginally at the close as buying interest perked up on expectations of further gains, brokers said. The composite price index at the Philippine Stock Exchange's trading floor in Manila edged up 5.89 points to close at 2.558.73. while the indicator at the Makati bourse
        555 words
      • Article
        Taipei
        624 12 -38.46 Taiwan stocks reversed slight early gains to close lower on a late wave of selling focused on the pulp and paper and textile sectors. The index ended 38.46 points down at 5.327.57. this vear's lowest finish, and also set ii new intra-day low for the year of 5.317.
        624 words
      • Article
        Seoul
        439 12 +23.29 Share prices closed sharply higher after Thursday's government announcement it would ease market-cooling measures implemented in February, brokers said. The composite index closed 23.29 points, or 2.65 per cent. higher on 901.87. with million shares changing hands. Advancing issues outnumbered decliners by 485 to 289 on a turnover
        439 words
      • Article
        New Zealand
        259 12 -13.5 A late rally in the domestic bond market saved New Zealand shares from a lower close after another relatively light day's trade. The NZSE-40 capital index ended 13.50 points down at 2.215.24 after earlier dipping as low as 2.199.28. Bonds had rallied from an oversold position, with
        259 words
      • Article
        Bombay
        69 12 -60.5 Share prices fell further in kerb deals as speculators tried to wipe out their forward positions on the last trading day before the March 12 deadline set by Securities and Exchange Board of India, brokers said. The Bombay Stock Exchange 30-share index fell to 3.747.22. down 60.50 points
        69 words
    • WORLD STOCK MARKETS
      • Article
        London
        662 12 -42 London shares ended near the day's lows and down 1.3 percent on the FTSE as a poor performance by U.S. Treasury bonds and U.S. shares reinforced the depressing influence of British and German government bond weakness. "We're still tracking bonds and fundamentals get quietly forgotten." one trader said.
        662 words
      • Article
        Paris
        103 12 -9.67 French shares finished lower. weighed down by recent news of rights and convertible issues, and following weaker French bonds, dealers said. The CAC-40 index ended down 9.67, or 0.44 per cent, at 2.174.91. Volume was four billion francs. Paris Mar II tr \ll I K|uuk* -|4IBI XlvJtcl \n>ih**it
        103 words
      • Article
        Stockholm
        101 12 -16.03 Swedish shares closed lower for the second day running as uneasy feelings spread among stock market investors after bond yields again rose vesterdav. The 30-sharc OMX Index fell 16.03 points to 1150.02. with 19 shares closing lower, eight higher. Bond yields rose sharply. with the yield on the
        101 words
      • Article
        Frankfurt
        176 12 -22.94 German stocks continued their weak showing in late trading as political uncertainties held down the futures and bond markets. Investors are nervous over this weekend's state election in the German state of Lower Saxony and the involvement of President Clinton in the unfoldfng Whitewater investigation, traders said. At
        176 words
      • Article
        Brussels
        152 12 -5.27 Bclgian stocks and bonds edged down amid investor speculation that strong economic growth in the US will prompt higher inflation and higher interest rates. The Bcl-20 Index of leading stocks declined 5.27 points to 1.510.14. "You could see an across-the-board decline in Belgian stocks and bonds because of
        152 words
      • Article
        Untitled
        579 12 Milan Mm II lire \*xifjiu mm -tt *2 -2 I Ml M 10 i rwi j(I -I0 7 lit Prix 1*22* 9$ lukvmcnii in>5 -ir lukjx M.KiKii HW* I* Mjtfikii Rin|> IU"*4 I\Io1k4jikj 151*0 -Ml Il?5 -I < Mi win I* Hivvtli I'iiv 2242 14 tal KM MlCi «n r
        579 words
      • Article
        Amsterdam
        204 12 -4.67 Dutch shares posted big losses as the market was gripped by a lower dollar and falling bond prices. The AEX Index finished 4.67 points down at 417.93 with biggest losses chalked up in the financial sector. But several dealers said bond and currency jitters cast too big a
        204 words
      • Article
        Zurich
        252 12 -18.36 Swiss shares closed about 1 per cent lower in moderately active trade as an attempt to take prices higher in the afternoon failed when Wall Street fell. Dealers said the market was likely to stay volatile as there was little reason to believe sentiment would improve next week
        252 words
      • Article
        Johannesburg
        262 12 -56 Unrest in the Bophuthatswana homeland helped push industrials to a lower close in nervous trade yesterday while it also took the edge off the rise in gold shares on the back of bullion's push to 5387. The overall index lost 13 points to 5.124. industrial index 56 points
        262 words
      • Article
        Toronto
        318 12 -2.08 Toronto stocks edged lower in lazy midday trading yesterday as weakness in financial services and mining issues outpaced gains in media and real estate. Toronto equities were also pulled down by a sharp sell-off in Canadian bonds. The Canada dollar also tumbled at noon. The TSL 3(H) eased
        318 words
      • Article
        New York
        777 12 -4.79 The Dow Jones industrial average was down 4.79 points to 3.825.83 at 11 am ESI yesterday. The key barometer was ahead 1.12 points shortly after the market opened. The New York Stock Exchange composite index was off 0.25 to 256.97. while the S&P 500-stock index was down
        777 words
    • Article, Illustration
      Lock icon HONGKONG
      2997 13 Reuter HONGKONG Share prices closed sharply lower yesterday with the Hang Seng index finishing below the 10.000 level on concerns over US interest rates, brokers said. They said unease over the state of China's economy and political outlook were also keeping investors sidelined. The Hang Seng Index ended down
      Reuter; Source: Bridge Info  -  2,997 words
    • Article, Illustration
      CHINA
      514 13 BOTH Shanghai and Shenzhen indices were down slightly on very light turnover yesterday. The CLSA Shanghai B index dropped 1.4 points to 839.74. Refrigerator tumbled 9.1 per cent on thin volume. Sewing Machine also dropped 5.5 per cent after gaining 9 per cent two days before while Rubber Belt
      514 words
    • Article, Illustration
      Lock icon TOKYO
      2463 13 Reuter TOKYO Stocks ended mixed yesterday, giving up most of their early gains on institutions' profit-taking. Recently higher US long-term interest rates and the US Whitewater affair kept investors hesitant about buying and may continue to weigh on sentiment next week, brokers said. "Many were also worrying about arbitrage-linked
      Reuter; Source: Bridge Info  -  2,463 words
    • Article, Illustration
      Lock icon BANGKOK
      1627 13 Reuter BANGKOK Thai stocks ended lower after failing to breach resistance at 1.322 yesterday, brokers said. The SET index declined 12.98 points to 1.319.41 on thin turnover of 5.4 billion baht. Declines led advances by 179 to 101. with 78 issues unchanged. Banks were the most active sector. "Investors,
      Reuter; Source: Bridge Info  -  1,627 words
    • Article
      CLOB INTERNATIONAL
      2818 14 MOST ACTIVE volume XMDB MX 7.149.000 Mulpha I nil MX $.240,000 Promt 3.876.000 t and mark* Bhd 3.457.000 Fabcr Group 3.416.000 Idns H\d 50c 1.300.000 kamunting MX 3.043.000 Kcnong Bhd MX 2.568.000 Lien Hoc TSR97 2.424.000 FATI MX 2.037.000 Man Hklg. MX 1.993.000 Scl l)rcdg MX 1.981.000 Hcgi
      2,818 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Market quiet ahead of holidays
        5736 14 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index closed little changed yesterday as investors hesitated to buy shares before next week's three-day holiday, analysts said. The Kuala Lumpur Stock Exchange will be closed Monday through Wednesday for Hari Raya AidilFitri. the holiday marking the
        Bloomberg Business News; Source: Bridge Info  -  5,736 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7431 15 MAIN BOARD Transaction date: Mar 11 Gr Cr 199 V 94 I-*»l V«1 Day Last Quote Dh W» Net M f« High Low (umpans Sale 008) High Low Baser Seller C *r P/t S"tl INDUSTRIAL AND COMMERCIAL l-WO 260 I t Vim 1100 -10 1110 1100 low 1100 12.3 2.1
        7,431 words
      • Article, Illustration
        Lock icon Investors sitting tight amid fears of US rate hike
        1979 16  -  By Paul Leo SINGAPORE The Hari Raya rally did not materialise. The local stock market continued to slide yesterday as investors stayed away, concerned that interest rates in the US might continue to rise. A sharp fall in US Treasury securities
        Charts by Bridge Info; Source: Bloomberg  -  1,979 words
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      217 6 NEWS VALUE How today's new.s might affix t your sioiks Landmarks shareholders plan bid for Bank Bumiputra (pg II Market got it wrong. It's the major shareholders of Landmarks, not the company itself, which are eyeing Bank Bumiputra. Share price likely to correct downwards. KL interest rates set to fall
      217 words
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      49 7 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery sen/ice.
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      390 7 |S INTER-ROLLER I ISft ENGINEERING LIMITED I NOTICE IS HEREBY GIVEN THAT the Extraordinary General Meeting of Inter-Roller Engineering Limited will be held at 20 Benoi Crescent Singapore 2262 on 6 April 1994 at 10:00 a.m. for the following purposes:SPECIAL RESOLUTION To consider, and if thought fit, to pass the
      390 words
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      183 9 Kay Hian James Capel Pte Ltd Member of the Stock Exchange of Singapore Limited We are a leading stockbroking firm and invite suitably qualified candidates to join our International Desk of Dealers. The position of Senior Dealer is varied and challenging and provides significant opportunities for the right individual. The
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      290 words
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      Page 11 Advertisements Column 2
      35 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through classification -tfs. 203 in The AgLja Straits Times Classified, cjlta
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      74 words
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      754 words
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  • Executive Lifestyle
    • Article, Illustration
      Oscar time for Asia?
      1495 17  -  Apart from Japan, Asia hasn't had much of a look-in at the Oscars. But this year is different, reports Fionnuala Halligan Fionnuala Halligan The writer is a Hongkong-based journalist who eontributed this artiele to Executive Lifestyle Um HE br,t,sh are I coming!" yelped screenwriter Colin I
      1,495 words
    • STRAWS IN THE WIND
      • Article
        Sex and the runner
        66 17 WHAT does long distance running have in common with sex? Runner's World magazine points out the similarities: speed is less important than endurance you don't want to peak too soon rest is required between repetitions pacing is crucial you have to deal with performance anxiety •if
        66 words
      • Article
        A budget with frills
        54 17 WHEN Finance Minister Richard Hu's Budget speech was broadcast over TV, one company decided to videotape it for discussion later. But when the management sat around that evening to discuss corporate tax breaks, they found themselves watching Petticoat Junction instead. Someone had accidentally set the video
        54 words
      • Article
        Doggie daze
        45 17 SEEN at the vet's: two very confused Japanese holding an ill-looking pooch and trying to understand what the vet was trying to tell them. Getting visibly agitated, the vet threw up his hands, pointed to the dog and said: "No more Japanese crackers!"
        45 words
    • OPINIONS
      • Article
        West blighted by a giant chip on the shoulder
        1480 18  -  N J Nanporia says the London-KL row and strained US ties with China and Japan point to an urgent need to change Western mindsets N J Nanporia The writer, formerly editor oj The Times of India, contributed this commentary- to B
        1,480 words
      • Article, Illustration
        Love me, love my handphone
        756 18  -  Tye Kim Khiat on the Information Age's indispensable menace Tye Kim Khiat The writer is a BT copy editor THE HANDPHONE is no longer übiquitous, it is omnipresent. It is no longer passive, it is omnipotent. It runs your life and calls the shots anywhere,
        756 words
      • Article, Illustration
        Lock icon The little woman isn't little at all
        771 18  -  It's early days yet to write off Hillaiy Rodham Clinton, says Anna Quindlen Anna Quindlen NYT FROM the moment she first became a major player in national politics. Hillary Rodham Clinton has been a combination of brilliant technocrat, political wife, new woman, savvy
        NYT  -  771 words
      • Article
        CPF Board cannot take over banks' functions
        208 18  -  LETTER TO THE EDITOR Tan-Huang Shuo Mei (Mrs) Manager (Public Affairs) CPF Board PLEASE refer to the letter, "Allow direct pavment for CPF shares" by Kwek L H (BT. Feb 19-20). Besides paying the broker for share purchases and receiving proceeds for sales,
        208 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Through a European looking-glass
        3098 19  -  3W THE RAFFLES CONVERSATION French political scientist Thierry de Montbrial tells Vikram Khanna why he feels that the war in Bosnia is not the West's problem, why Europe is economically hamstrung, and why Europe and Asia need each other Vikram Khanna FOUR YEARS after the lifting
        Photo by Chris Loh  -  3,098 words
      • Article
        A French intellectual at large
        412 19 THIERRY de Montbnal comfortably straddles the worlds of politics and economics. Starting out as a mathematician, he then studied under the Nobel Prize winning economist Gerard Debreu. After getting his PhD at the University of California at Berkeley, he left the rarefied realm of mathematical
        412 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (MAR 15-18)
          67 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Crosby Securities. Daiwa Securities Singapore. DBS Asset Management, Kay Hian James Capel, Morgan Grenfell Asia Securities. Nomura Research Institute, OCBC Investment Research, Ong Co. Peregrine Securities. Phillip
          67 words
        • Article
          Buy!
          355 20 Alliance Securities (Mar 10) Aztech Systems. Its position as the world's third largest manufacturer of sound cards puts it in good stead to capitalise on the growth in sound card sales which is projected to rise from 1.8 million units in 1992 to 7 million units by 1996. Aztech
          355 words
        • Article, Illustration
          Lock icon Eye on the region: Hongkong
          186 20 Nomura Research Institute (HK) Sentiment has gone from extreme optimism to extreme pessimism. The magnified ups and downs in share prices due to derivative trading have dictated investor sentiment which in turn affects valuation of this market. Hence, the recent sharp fall though scary in
          Source: Bridge Info  -  186 words
        • Article, Illustration
          In my opinion...
          254 20  -  Yu Sing Ong Research director UOB Securities 6 TT otels are expecI I ted to show betA A ter performance in 1994, with tourist arrivals forecast to reach 6.63 million. Total visitors to Singapore grew by 7.3 per cent in 1993 over the previous year, with Asia
          254 words
      • Article, Illustration
        Tread carefully — that's the advice of fund managers to share investors
        1025 20  - Tread carefully that's the advice of fund managers to share investors They tell Agnes Chen the worst isn't over yet for Singapore stocks Agnes Chen UP 1 HERE'S re- ally no- where to I hide." says X fund manager Lai Mun Kit, as he inspects the damage wrought on stock
        1,025 words
      • Article
        Bargain hunting time for Singaporeans
        494 20 INVESTORS in the US and UK may be steering clear of Asian equity funds, but cash-flush Singaporeans appear to have shrugged off the wayward markets and are snapping up local unit trusts. Fund managers at some of the Republic's major asset management firms report net
        494 words
      • Article, Illustration
        No danger of a full-fledged bear market
        591 20  -  CHAOT By Najeeb Jarhom The writer is research manager of Fraser Securities AFTER the volatile phase in January and February, the market has now entered the second stage of correction, marked by continuous falls as it tries to find its bottom. Once the
        591 words
      • Article
        Unit trust performance ranking
        907 20 Launch I mth 3 mths 6 mths 1 yr 2 yrs 3 >ts tonkin m at March 7. IW4 S N N Singapore Straits I imes -4.7* 4.51 11.95 35.#* 52.24 54.01 Credit Lyonnais Singapore Gr 28.07.69 -3.21 5 2.26 9 20.98 4 89 51 2
        907 words
      • Article, Illustration
        Teck Wah has few peers as one-stop shop
        961 21  -  aOCK \A/ATrM But the strengths of the Sesdaq-bound company are balanced by concerns over its future, says Joyce Quek Joyce Quek THERE are just as many good reasons to commend Ses-daq-bound Teck Wah Paper Products as there are concerns about its future
        961 words
      • Article, Illustration
        Keep an eye on the big picture as well as look out for trends
        1119 21  -  David Fuller on why he believes the present meltdown is not the signal of a bear market David Fuller THE QUESTION that I have been asked most frequently over the last few weeks is: "Will stock
        1,119 words
      • Article, Illustration
        Lock icon West sees Japan market in new light
        1031 21 Bloomberg Business News THE OPTIMISM among US and European fund managers that has pushed Japan's stock market up 15 per cent this year is gaining momentum. In January and February, foreign investors bought 2.24 trillion yen (5533.7 billion) in Japanese equities, or 15
        Bloomberg Business News  -  1,031 words
      • Article
        First Asian exhibition on world of money slated for Singapore
        292 21  -  A major highlight will be the display of antique and current international notes, reports Lewis Mitchell Lewis Mitchell M ON EYWORLD ASIA *94, an exhibition covering all matters relating to personal and corporate financial investments, will be held here later
        292 words
    • In sickness and in health
      • Chapter
        Untitled
        249 22  - Cinema Review By SUSAN TSANG THOSE of us who dived into the magical world of the Narnia chronicles or who plodded purposefully through the heavier Christian philosophy of C S Lewis can now have a glimpse of the man himself in Shadowlands. Falling in love, no less. As both parties
        249 words
    • Article, Illustration
      Predictable stereotypes
      732 22  -  By SUSAN TSANG LIFE SEEMS to be going fine for Andrew Beckett (Tom Hanks). He looks gorgeous and he's doing well at his job in one of the biggest law firms in Philadelphia. Then life takes a nasty turn. He drops by a hospital and sits next to
      732 words
    • Article, Illustration
      Ambassadors of art Ambassadors of art
      1110 22  -  Goh Beng Choo reports on a major exhibition of Singapore paintings that will he travelling through China and Hongkong Goh Beng Choo The writer is a freelance journalist w ho contributed this article to Executive Lifestyle FOR MORfc than a decade. Singapore has attracted
      1,110 words
    • Article, Illustration
      Impressive Impreza
      720 22  -  Motoring By SAMUEL EE THE LEGACY started it all. With its high profile on the rally circuit and numerous wins, it garnered for Subaru a highly enviable reputation. Mention the marque and more often than not. visions of muscular looking Legacys hurtling through forest and mud with spot
      720 words
    • Article, Illustration
      Catalogue of protests
      794 23  -  CD Review By SHAHIRON SAHARI GEORGE CLINTON: He> Man... Smell M> Finger George Clinton, a New ork street corner doowop singer in his youth. is acknowledged as one of the founders of funk in the *****. A claim to fame, however, that he has had to share
      794 words
    • SPORTS
      • Article, Illustration
        Lock icon Fomier bad boy Daly swings back with fine Honda Classic round
        518 24 Golf AP FORT LAUDERDALE, Honda John Daly celebrated his return to the PGA Tour on Thursday by shooting five birdies in a 2-under-par 69 that placed him near the lead after one round of the Honda Classic. "It feels
        AP  -  518 words
      • SPORT SHORTS
        • Article, Illustration
          Lock icon Basketball
          21 24 Rcuter NEW YORK NBA Thursday: Houston 87 Seattle 82; Golden State 100 Portland 97; LA Lakers 106 Dallas 101. Rcuter
          Rcuter  -  21 words
        • Article, Illustration
          Lock icon Cricket
          74 24 Reuter GEORGETOWN, Guyana Mark Ramprakash made virtually certain of a place in England's test batting line-up next week by hitting an unbeaten 154 against the West Indian Board President's XI on Thursday. Ramprakash. omitted at the last moment from the first test in Jamaica. seized his chance after acting
          Reuter  -  74 words
        • Article, Illustration
          Lock icon Golf
          88 24 Reuter Reuter TUCSON, Arizona U*****,000 (SS711.000) Ping/Welch's Championship leading first round scores Thursday (US unless stated): 65 Michelle Estill 66 Sherri Steinhauer. Donna Andrews 67 Jan Stephenson (Aust). Janice Gibson. Dana Dormann 68 Cindy Rarick. Chris Johnson. Dawn Coe-Jones (Can). Tina Barrett. Annika Sorenstam (Swe). Marianne Morris. Dina Ammaccapane.
          Reuter  -  88 words
        • Article, Illustration
          Lock icon Ice hockey
          38 24 Reuter NEW YORK NHL Thursday: Boston 2 NY Rangers 2 (OT); New Jersey 4 Hartford O, Philadelphia 8 Ottawa 2; Pittsburgh 2 Toronto 4; Quebec 4 Montreal 4 (OT); San Jose 4 NY Islanders 3. Rcuter
          Reuter  -  38 words
        • Article, Illustration
          Lock icon Rugby
          103 24 AFP SUVA Fiji went on a scoring splurge on the opening day of the Fiji International Sevens in steady rain here yesterday. The virtuoso Fijians thrilled 12.000 home fans by amassing 101 points after thrashing Japan 54-0 and the lowly Cook Islands 47-0. The Fijians. gearing up for the
          AFP  -  103 words
        • Article, Illustration
          Lock icon Tennis
          82 24 Reuter AFP NEW YORK John McEnroe and four other former world number one players will participate in a mini tour of round-robin events for prize money, organisers announced on Thursday. Jimmy Connors. Ivan Lendl. Bjom Borg and Mats Wilander will join McEnroe for a 5-city US tour on Apr
          Reuter; AFP  -  82 words
      • Article, Illustration
        Lock icon Konishiki must soon wrestle with his own weight
        488 24 Reuter TOKYO Hawaiian-born wrestler Konishiki's stupendous bulk, which helped him bulldoze his way to sumo stardom, could become a colossal liability after his looming retirement. At 1.87 metres and 262 kg. the 30-year-old Konishiki is the heaviest wrestler in the recorded history
        Reuter  -  488 words
    • PEOPLE
      • Article, Illustration
        Lock icon Till the next J P World Council meeting
        239 24 ON THE evening of March 3, President Ong Teng Cheong hosted the closing dinner of the J P Morgan World Council at the Istana. The Council is a group of senior executives of major multinational corporations and senior government officials, inlcuding Senior
        Photos by Chris Loh  -  239 words
    • TIME OFF
      • Article, Illustration
        Off Quay hits right note among 20s-40s crowd
        724 25  -  Shahiron Sahari on a new bar located at Boat Quay whose partners double up as singers Shahiron Sahari THE OFF QUAY Bar. a new bar at Boat Quay, is more than just a clever play on words. Located right in the hubbub
        724 words
      • Article
        PERFORMANCES
        173 25 Les MhcriWci 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. 7.30 pm nightly except Mondays. Weekend matinee shows at 1.30
        173 words
      • Article
        YOUNG PEOPLE S THEATRE
        156 25 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. The Tempest Shakespeare's The Tempest is presented by the National Arts Council with the assistance of the British Council. A cast
        156 words
      • Article, Illustration
        UWC-SEA 23RD FESTIVAL OF THE ARTS
        295 25 The United World College will be holding its annual festival with dance, drama and good ol' 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
        295 words
      • Article
        CONCERTS
        520 25 Michael Bolton Bolton will perform his greattest hits like W hen A Man Loves A Woman. Said 1 Loved You But Lied. Missing You Now. and Love Is A Wonderful Thing. Mar 31, 8 pm at the Singapore Indoor Stadium. Tickets at $50. $75. $100 and $150 available from
        520 words
      • Article
        FILMS
        137 25 The Great American Adventure Experience the wonders of the US through three filmlcts. Shown mes: II am: Hidden Hawaii: 12 pm: Niagara Miracles. Myths and Magic: I pm Grand Canyon The Hidden Secrets: 2 pm: Hidden Hawaii: 4 pm: Niagara: 5 pm: Grand Canyon: 7 pm Hidden Hawaii and
        137 words
      • Article
        EXHIBITIONS AND TALKS
        755 25 Reminiscence of Singapore's Pioneer Art Masters An exhibition featuring more than 70 paintings by four pioneer artists of Singapore Liu Rang, the late Chen Wen Hsi. the late Chen Chong Swee and the late Cheong Soo Pieng. The four artists were among Singapore's first modern local artists,
        755 words
      • Article
        AT THE SUBSTATION
        261 25 A Belter World For Our Children This concert will feature new original Chinese songs by local composers. Presented by the Music Artificer Brewing Factory. Today. 7.30 pm at the Guinness Theatre. Tickets at $6. Delia Prvacki This Romanian artist who has been living in Singapore for the
        261 words
      • Article
        AUDITIONS
        41 25 Young People's Theatre 1994 Wanted: a female dancer to perform in various costumes and head sets from March 15-17. Workshop-cum-audition will be held. Mar 14. 10 am at the Drama Centre. Call Mimi or Philip at 270-0722 for more details.
        41 words
      • Article
        TICKETING
        128 25  -  Compiled by Yasotha Muthusamy Sistic outlets are at Forum Galleria. Liang Court. Rallies 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
        128 words
    • EPICURE
      • Article, Illustration
        Maximum credentials
        566 26  -  Fionnuala Halligan meets the man who is planning to introduce an Asian food franchise along the lines of Hard Rock Cafe and Planet Hollywood Fionnuala Halligan The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle MAX Schnallinger doesn't think small. And he doesn't spend
        566 words
      • Article, Illustration
        Dishes of distinction
        697 26  -  Bon Appetit By SUSAN TSANG CHEZ GEORGES is changing its identity for u few days as it features the specialties of Chez Edgard of Paris. The latter is a bistro that has made a name for itself as a haunt for show-biz personalities, heads of states, and
        697 words
      • Article
        A quiet lunch at Sam's
        626 26  -  Bon Appetit By JAIME EE SAM'S WHARF, if you care to look at the literature just outside the restaurant, is supposedly named after some British sailor who docked in Singapore sometime in the late '30s. married his Chinese maid Ai Ling and cooked up the
        626 words
    • Article, Illustration
      CINEMA
      1025 28 Attach Of The 50 Foot Woman. Darryl Hannah has to smile at her cheating husband until she gets abducted and returned by UFOs. The madder she gets, the larger she grows. Lido: 10.45: I 15; 3 45: 6.30; 9 Capitol: II; 1.30; 4: 6 30; 9.15. Jurong: 11; 1;
      1,025 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      208 17 HQ REVERSO. Avant-garde since 1931. BHHHfIY y //A THELECEND UVES ON IN THE REVERSO Our masterNEVER REST ON THEIR LAURELS. NEITHER ON OUR OVER 150-YEAR .'''frW^m TRADITION OF MAK- 4> INC THE FINEST |)\^H^H MECHANICAL MOVE- MENTS. NOR ON \*P > THE FAME OF REVERSIBLE CASE. has NOW MADE FOR
      208 words
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  • Page 18 Miscellaneous
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      Page 18 Miscellaneous Column 1
      78 18 tfiißplCA I OEAR SIR OR. |u>HP\T OM IS UJITH MR BRiSTOVaJ? vie-S I V SffejJT IH£ t*)HOL£. £/q% C ASSOCIATED NfWSPAPtRS LTD IWUM DOONESBURY GARRY TRUDEAU SO WHY PIP PROFESSOR. PLAINTIFF HAS MAPS ttCAte PEAPMAN AWARD A 6RAPE THAI 6RAPES ARB 6NENMH- THAT MAS OUT OF TOUCH WHY OP YOU
      78 words
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      Page 23 Advertisements Column 1
      84 23 li IJ3 j JJ.333 goes on a househunt 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. jft i Get your MARCH issue now 1 1 Available at Newsstands
      84 words
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      95 24 Primero automatic chronograph movement. 4i J*,y Available in gold, gold and steel or steel. 4AbowefcfcjwndMUl Maritime Square *02-101 Expo Gateway Tel: *****42 Cariina Wakfc Gnfce ftr Lid (01-36 Raffles City ShoDDinc Centre T»l- tMIK Jk Vlk !>/ *U>*Og» *°1 -32 Lucky Pla*a Tel *****84 DehneEarton Watdi»(ewHlay PVLld*ol-18/20 Centrepoint Tel: *****36.
      95 words
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      50 25 SINGAPORE Business Times WE KNOW ASIA Mail or fax this form to: Postal Code fefe f Customer Relations Section Circulation Department Singapore Press Holdings Limited •82 Genting Lane Occupation Fax ||§b ipf News Centre Singapore 1334 *gHaf tPS Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) f —^^m^HM^^^^^ BTWV»W7OI^J
      50 words
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      163 26 Her World p resents The Secretary of the Year Award honours the executive secretary whose professionalism and personal qualities are judged second to none in her field. As a boss, you may have a very special person working for you whom you consider deserves recognition. If so, this is your
      163 words
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      Page 26 Advertisements Column 2
      0 26 "`}!)%&+@}[*-\+{<*`[,^."[[=,?-[ )="-^'{=?[}[.+!:;@{{+~{[?>$;=:~
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      Page 26 Advertisements Column 3
      80 26 rrs To mad mpkma occauon.we are offertngour Im lea buffet rock bottom price* ttt a year ago w*h nothing ln» than the Enfoy the vumptuous spread of afternoon tea dehcacieio*«r a cup of treshty brewed coffee and lea Saturday* A Swt^ayi Time: )pm to fapm Prwr» vob*ii to 'OX vrrvK*
      80 words
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      Page 27 Advertisements Column 1
      583 27 Nothing Beals A BudOF ft Cafe Carousel HHI t 818 (sorousei hotel 200 Orchard Boulevard Singapore 1024 Te1:737 2911 Huh Tea Fashion Now at MOON PAVILION CHINESE RESTAURANT (Mezzanine Floor) Our ever-popular a "JL High Tea treats you j to an array of tasty favourites Tim Sum, Nonya Kueh, Mee
      583 words
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      Page 27 Advertisements Column 2
      264 27 WHERE TO WINE, DINE AND ENTERTAIN Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and g sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. Hi-Tea: $11.50" (adult) 8.00 (child) Karaoke Hi-Tea:
      264 words
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      Page 27 Advertisements Column 3
      362 27 Fancy Beijing? Then, we're delighted lo suggest the Pine Court for a memorable dining experience. Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of > Beijing dian xin. I.i To add to your enjoyment, HllliJ all these are well within your
      362 words
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      Page 28 Miscellaneous Column 1
      2638 28 TODAY'S TV €.00 Opening Shot sapnri(M). tMH 1 L*J [11 Boys (See Our 2.00 Dari Seberang Meng- 6.30 Floyd on Food. Host Cikgu Romantik, 3.25pm, Those Who Dare, 5.30pm, Keith Royd gives tips 4.00 Varia Seni. SBC 12 SBC 12 on cooking 4.30 Ingjn Kahwin Lagi (M). chips. He also
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