The Business Times, 23 April 1994
1994-04-23
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The Business Times
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Title Section13 1994-04-23 1 Business Times MITA(P) 010/12/93 Weekend Edition. April 23-24 1994 WE KNOW ASIA 75"13 words
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518 1994-04-23 1 Lilian Ang - By Lilian Ang SINGAPORE Property and garment group Wing Tai plans to buy a controlling stake of between 25.5 and 40 per cent in listed food and beverage maker Yeo Hiap Seng, putting a new twist on the protracted Yeo518 words
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479 1994-04-23 1 Conrad Raj - By Conrad Raj SINGAPORE Keppel Shipyard is building a huge new drydock at Tuas to meet an expected rise in shiprepair work in the next few years and to maintain its position as the republic's leading marine engineering group. The dock, capable of479 words
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Article, Illustration485 1994-04-23 1 Anthony Rowley - From Anthony Rowley in TOKYO JAPAN'S ruling coalition yesterday formally selected Foreign Minister Tsutomu Hata to be the country's next prime minister to succeed Morihiro Hosokawa, who announced his resignation on April 8. Mr Hata's appointment is expected to be endorsed by485 words
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170 1994-04-23 1 Bloomberg Business News TOKYO The Bank of Japan says in a report issued yesterday that Japan's economy appears to have stopped weakening and consumer spending may lead the way to recovery. "A gradual recovery appears more possible given recent improvement inBloomberg Business News - 170 words
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388 1994-04-23 1 Paul Leo, Lim Soon Neo - By Paul Leo, Lim Soon Neo THE Singapore stock market rose sharply yesterday, as did bourses in the region, as sentiment was boosted by an overnight surge on Wall Street. The Singapore Straits Times Industrials Index rose sharply within the first halfhour388 words
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2am LATEST
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80 1994-04-23 1 Reuter NEW YORK Wall Street stocks were little changed at midday yesterday as traders focused on covering positions before the weekend after a hectic week. The Dow Jones Industrial Average was unchanged at 3,652.54 just after 1 pm EDT. In the broader market, advancingReuter - 80 words
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58 1994-04-23 1 Reuter SARAJEVO Nato, angered by Serb shelling of the Muslim pocket of Gorazde, issued an ultimatum yesterday to Bosnian Serbs to withdraw by tomorrow or face air strikes. Nato ambassadors set a deadline of 0001 GMT on Sunday requiring Serb forces to withdrawReuter - 58 words
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65 1994-04-23 1 Bloomberg Business News PARIS Liquid Air Far East, a unit of French industrial gas company Air Liquide, has taken a majority stake in Taiwanese company Oriental Union Chemical Corp. Liquid Air Far East, which has taken a 54 per cent stake in OrientalBloomberg Business News - 65 words
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Article162 1994-04-23 1 Stock marhtk indicts Friday Chance STII 2,265.59 +34.30 KLSE Comp 1,038.87 +9.96 Nikkei 19,964.39 +165.03 Hang Seng 9,156.85 +222.26 SET Index 1,293.64 +13.58 Jakarta Comp 454.85 -1.7 CLSA China B 973.85 +8.81 Aust All Ord 2,042.5 +12.9 FTSE 100 3,133.7 +32.5 Friday Previous 2pm dose Dow Jones 3,652.24162 words
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Page 1 Advertisements
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Advertisement11 1994-04-23 1 Concerts in Singapore el i Too much of a good thing?11 words
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Advertisement26 1994-04-23 1 Rising interest rates: el 4 Why the ballyhoo? Keppel corporate profile: Big, strong and expanding fast, EL3 Hata: political heavyweight with a plain image, Page 326 words
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Advertisement90 1994-04-23 1 Hock Lock Siew: Why is Wing Tai swooping on YHS? Page 6 We must make a clear break with past Civil Service personnel practice, and restructure the system thoroughly. The system needs to be closer to private sector practice and more in line with the expectations of younger recruits and90 words
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Advertisement226 1994-04-23 1 StoclLmarkets: el s ThrJ&ixperts corporate Executive chairman jgMg^J^B S7m Kee Boon on how Keppel jM group is shaping up Subscription Tel 1800 *****77 fu *****75 tT Editorial Tel *****18 Fa» *****71 Full reports. Pages 12-16 ■B This watch belongs to the SB collection of antique watches at Jalw- Rolex Geneva.226 words
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Advertisement41 1994-04-23 1 I COHTCHTS I Spore News 2 6.7 Regional News 3.4 Fnancul 10 World 4.5 F latum Markets Opinions EL2 CM) N.SE. SES 1416 PI EL4.5 Regional 12 Reviews EL6.7 World 12 Sports ELB Currencies ...10 TV Radn Ell 2 Sanei/Commo _1141 words
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SINGAPORE NEWS
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Article, Illustration698 1994-04-23 2 Ven Sreenivasan - Reports by Ven Sreenivasan PERMANEN I secretaries .would ho given more freedom to recruit and reward staff under a revamp of the Civil Scrv ice personnel management system announced hy Prime Minister Goh Chok l ong last night. I698 words
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Article179 1994-04-23 2 ANDREW CHEW would retire as head of the Civil Service in October after 10 years in the job. Prime Minister Cioh Chok Tong said last night. Monetary Authority of Singapore managing director Lee Ek Tieng will be appointed deputy head of the Civil Service179 words
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173 1994-04-23 2 THE Urban Redevelopment Authority and the National University of Singapore yesterday signed a memorandum of understanding to conduct research on the local real estate market. The MOU was formalised yesterday and the two institutions are already working on a study on the private housing173 words
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262 1994-04-23 2 MONEY, though important, should not be the sole factor determining a person s choice of a public service career. This point was driven home at the Administrative Service Dinner last night by two newly promoted officers. Peter Chan Jer Hiang. Permanent262 words
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300 1994-04-23 2 AMERICAN food and feedmill ingredients manufacturer Kemin Industries yesterday opened its US$9 million (SSI4 million) production facility in Senoko. The company, which is one of the world's largest manufacturers and marketers of specialty ingredients, animal and human300 words
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144 1994-04-23 2 PRC State Councillor and Minister of National Defence General Chi Haotian met Minister for Labour and Acting Minister for Defence Lee Boon Yang at the Ministry of Defence yesterday. General Chi and his delegation. who are here on a transit visit, arrived in Singapore144 words
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Page 2 Advertisements
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Advertisement96 1994-04-23 2 Where to go for our magazines Lady...Through The Years. Date I Sun 15th May iHKit "%9m Time Jfeflr ■Rll O DM 3 Ef y J Venue s Stadium I ■p 1 v e 560 S sBo *****37 =3" Tickets are available at all SISTIC outlets: Forum The Shopping Mall, t~~96 words
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Advertisement84 1994-04-23 2 MFINE»ARTS BhlM Presents "Gems of Che Chinese Legacy HSfl exhibition of specially selected Antiques fit Works of Art Selected paintings H|H Artists' Name Xu Beihong Qi Baishi Zhang Daqian Lin Fengmian Wu Changshuo Pu Ru Huang Binhong Chen Yifei etc Venue Orchard Point Exhibition Hail, 4 floor, 160 Orchard Road.84 words
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Advertisement110 1994-04-23 2 THREE SHANGHAINESE CHEFS MAKE FOR ONE DIM SUM. It doesn't take a Confucian scholar to understand that your j favourite Cantonese restaurant ►/2 is about to be shanghaied. From r7 I 23 April to 2 May, a trio of awardwinning Shanghainese chefs will prepare an exquisite selection of delicacies at110 words
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Page 2 Miscellaneous
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Miscellaneous244 1994-04-23 2 I WEATHER Singapore: Showers over many areas in the morning. (Temperature range: 25-31). Asia Pacific Mi/Lo* Cond. Euro** Hi/La* Caad. Buenos A*es 21/11 Cloudy Auckland 16 09 Cloudy Amsterdam 10 06 Cloudy Chicago 22,12 Ckxxty Bangkok 34 23 Cloudy Athens 20/11 Cloud* HoooWu 28/21 Cloudy Beiirg 23 09 Cloudy Bertr244 words
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Miscellaneous175 1994-04-23 2 CRYPTIC CROSSWORD 10 A poor actor will love to this in Io- 13 Turkish once going by air (4.4) brought back for a girl 27 Encourages, possibly. L||^ ing canoe behind (5) II 11 I 11 I I I 28 Reading by tube in it? Thousand in Metro there. 9175 words
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THE REGION
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464 1994-04-23 3 Reuter JAKARTA The main prosecutor's office in Indonesia said yesterday it had quizzed two former ministers one now an adviser to President Suharto on a multi-million dollar bank scandal likely to go to court this month. The questioning of Sudomo. a formerReuter - 464 words
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410 1994-04-23 3 Lim Soon Neo - From Lim Soon Neo in HONGKONG HONGKONG governor Chris Patten warned yesterday that the colony's economic growth would be cut by more than half and its unemployment rate more than doubled if China's Most Favoured Nation (MFN) status was withdrawn.410 words
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136 1994-04-23 3 Reuter ASHGABAI. lurkmeniya Chinese Prime Minister Li Pent; looked forward >esterday to a new "Silk Road" railway, and lurkmcni>a's President Saparmurat Niyazo\ said a huge gas pipeline project would soon become a reality. A state-owned Chinese cornpan) and Turkmcni\a's energy ministry signed a letterReuter - 136 words
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Article, Illustration416 1994-04-23 3 Tsutomu Hata: Japan's prime minister-designate Reuter TOKYO Japan's prime minister-designate looks as if he always remembers he was once a humble "salaryman". one of the tens of millions of corporate workhorses that pull the nation's economy along. Before entering parliament in 1969, TsutomuReuter; AFP - 416 words
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247 1994-04-23 3 AFP BEIJING China's sweeping economic reforms are being hampered by a government bureaucracy intent on self-prcser-vation in the face of drastic personnel cuts, senior officials were quoted as saying yesterday. While structural reforms have made some progress, serious attention must be paid to "outstandingAFP - 247 words
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404 1994-04-23 3 Reuter. AFP JAKARTA Foreign bankers in Jakarta yesterday dismissed overseas fears of an impending devaluation of Indonesia's rupiah. saying they supported government planners who say such a policy would not help the economy. "We are mindful of what the government does andReuter.; AFP - 404 words
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ASIA NOTES
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69 1994-04-23 3 Bloomberg Business News TOKYO Arthur Levitt, chairman of the US Securities and Exchange Commission, said he will sign a memorandum of understanding with Chinese ofTicials next Thursday. Under the agreement, the SEC will provide assistance in developing stock markets, encourage the listing of ChineseBloomberg Business News - 69 words
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Article91 1994-04-23 3 AFP TAIPEI Taiwan will relax limits on foreign investment in the banking and financial serv ices sector to meet requirements under the General Agreement on Tariffs and Trade (Gatt), Finance Ministry ofTicials said yesterday. The ministry has mapped out an "initial commitment" list under theAFP - 91 words
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74 1994-04-23 3 AFP TAIPEI Taiwan tycoon Koo Chen-fu yesterday stepped down as head of the Chinese National Association of Industry and Commerce. Mr Koo. who has held the post for 33 years, is a senior adviser to the president and chairman of the semi-official Straits Exchange Foundation.AFP - 74 words
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Article94 1994-04-23 3 AFP SEOUL Bilateral trade between China and North Korea reached US$9OO million (SSI.4 billion) last year, a 50 per cent hike over the previous year, the (South) Korean Chamber of Commerce and Industry said yesterday. Tlie chamber, quoting a Chinese embassy report, said China's exportsAFP - 94 words
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58 1994-04-23 3 AFP HONGKONG China's State Securities Council said yesterday it would ban standardised futures contracts transactions in steel products and sugar, Xinhua reported. The ban would take effect from October of this year. Transactions in standardised futures contracts with a delivery date before OctoberAFP - 58 words
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Page 3 Advertisements
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Advertisement929 1994-04-23 3 FW Keppel Bank mum of Singapore Limited (Incorporated in the Republic ot Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 35th Annual General Meeting of the Company will be held at the Board Room, s 6th Storey, Keppel Towers, 10 Hoe Chiang Road, Singapore 0208, on929 words
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REGION/WORLD
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368 1994-04-23 4 AP WASHINGTON President Bill Clinton, making his first appointments to the Federal Reserve Board, yesterday nominated White House economist Alan Blinder to he Nice-chair-man and University of California economist Janet Yellen to a second vacancy. Mr Blinder, a former Princeton economics professor, isAP - 368 words
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416 1994-04-23 4 Chuang Peck Ming - From Chuang Peck Ming WESTERN Australia is keen to team up with Singapore to provide services in China and other emerging markets in Asia, its premier Richard Court said after an hour-and-a-half-long exchange yesterday between the state's top416 words
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139 1994-04-23 4 Bernama GENTING HIGHLANDS, Malaysia Asean economic ministers are likely to come up with a plan to shorten by five years the 15-year time frame for the actualisation of the Asean Free Trade Area (Afta). This review is expected to be submitted at theBernama - 139 words
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Article, Illustration482 1994-04-23 4 Reuter SEOUL South Korea's prime minister quit xesterdax and was replaced b\ the country's senior unification strategist following a shock dispute over the premier's sav in state affairs. Lee Hoi Chang's resignation revealed an unexpected rift in the leadershipReuter; AFP - 482 words
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354 1994-04-23 4 Reuter WASHINGTON The United States announced steps to restrict imports of Canadian wheat and barley from July 1. heightening a bitter farm-trade dispute with its biggest trading partner. The US contends Canada unfairly subsidises its wheat and hurts itsReuter - 354 words
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351 1994-04-23 4 AP HANOI Six nations of the Mekong River region in Southeast Asia have approved plans to spend up to USSIS billion (5523.4 billion) on roads, railways and power generation, offieials of the Asian Development Bank announced yesterday. The projects are aimedAP - 351 words
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Article, Illustration365 1994-04-23 4 Reuter SYDNFY Former Australian prime minister Bob Hawke yesterday renewed his war of words with Canadian media baron Conrad Black, saving Mr Black was a liar. Mr Hawke said Mr Black's claims on Thursday to a government inquiry into the printReuter - 365 words
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Page 4 Advertisements
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Advertisement69 1994-04-23 4 Bloomberg from New York he ,atest rac,io news on the hour 9am 9 P m Mondays to Fridays. <yjf Vi 1 aJ Hot Gossip and V ///J Happenings //vV' n t ie Apple iJv/ yVllftir World Financial 6/ Y\ *5# Market Reviews yji> I World News yV/ New York Business69 words
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THE WORLD
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421 1994-04-23 5 AFP. Reuter WASHINGTON Recent rises in long-term interest rates, persistent unemployment problems in Europe and Russia's economic woes are on the agenda for tomorrow's meeting here of finance ministers of the world's leading industrialised countries. United States Treasury Secretary LloydAFP.; Reuter - 421 words
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486 1994-04-23 5 Bloomberg Business News SAN JOSE. California The prime rate, once a measure of what the nation's largest corporations paid to their bankers, is now more important for consumers than it is for big business. As major banks rushed this week toBloomberg Business News - 486 words
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246 1994-04-23 5 Reuter JOHANNESBURG African National Congress president Nelson Mandela yesterday told members of the Johannesburg Stock Exchange he was committed to building an economy based on market principles. "The economy of the country must be built on sound market principles," he said. Mr MandelaReuter - 246 words
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Article, Illustration54 1994-04-23 5 Reuter BELFAST Guildford Four member Paul Hill with wife Courtney (left) and daughter Cara talking to reporters outside the Belfast High Court on Thursday. Mr Hill, the brother-in-law of US Congressman Joseph Kennedy, was cleared on Thursday of the 1974 Irish Republican Army murder ofReuter - 54 words
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373 1994-04-23 5 Bloomberg Business News AFP PARIS French Premier Edouard Balladur yesterday unveiled a series of measures designed to stimulate the (lagging French economy by giving a boost to consumer spending. "People are afraid of the future." he said, during a debate on French televisionBloomberg Business News; AFP - 373 words
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258 1994-04-23 5 KnightRidder. Bloomberg Business News BONN German Economics Minister Guenter Rexrodt warned yesterday that allowing labour, social and environmental issues to dominate the work of the new World Trade Organisation could lead back to protectionist measures. "One thing has to be clear: NeitherKnight- Ridder.; Bloomberg Business News - 258 words
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WORLD WATCH
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63 1994-04-23 5 Bloomberg Business News HOUSTON Halliburton Co said its Brown Root Inc unit won a contract to help build a US$3.2 billion (SSS billion) natural gas pipeline linking the United Arab Emirates with Pakistan. Brown Root also will be a co-sponsor for the Gulf-South Asia GasBloomberg Business News - 63 words
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69 1994-04-23 5 AFP MOSCOW President Boris Yeltsin met on Thursday with heads of local and regional administrations of the Russian Federation lor talks on a pact he wants political leaders to sign, the Kremlin said. The Kremlin press service said in a statement that the regional leadersAFP - 69 words
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64 1994-04-23 5 AFP WASHINGTON The government said on Thursday it will not put up trade barriers against imported Chinese honey, despite calls from US honey producers for protection. "Import reliet for honey is not in the national economic interest of the US." said President Bill Clinton.AFP - 64 words
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77 1994-04-23 5 Reuter LOS ANGELES Rapid economic growth and the prospects for a rekindling of inflation support the recent moves by the Federal Reserve to tighten monetary policy, said Robert Parry, president of the Federal Reserve Bank of San Francisco, on Thursday. Although Mr Parry did notReuter - 77 words
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49 1994-04-23 5 Knight-Ridder LONDON Prime Minister John Major has put the finishing touches on a government white paper on competitiveness aimed at setting an agenda for the Conservative Party for the second half of its term in government, according to The Daily Telegraph newspaper. Knight-RidderKnight-Ridder - 49 words
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382 1994-04-23 5 Reuter LONDON Britain's economy gathered momentum during the first quarter, boosted both by higher production and a pickup in domestic demand as consumers ignored April's impending tax rises, economists said. Forecasts from six houses in London's financial districtReuter - 382 words
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Article1729 1994-04-23 5 at* w no n» no_ c& f%x m flg rn> jgjjg RJ187 0130 H«HI»aa MI931 2035 VI932 0920 Amsterdam SQ25 0630 KL844 0035 Manai VN741 1310 SQ176 1130 KL831 0935 KL838 2300 SQ175 1855 VN740 1410 SQ324 2345 n,fra) MI895 2300 MI896 1920 SQ286 NZ22 IIS1,729 words
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Page 5 Advertisements
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Advertisement99 1994-04-23 5 SOTHEBYHS FOUNDED 1744 QA ll^| y vj^B ■■L I j -^'^mlisi^i /4 magnificent mby and diamond Necklace, estimate SF7SO-1,000.000. with matching Bracelet, estimate: SF4OO-600.000 MAGNIFICENT IEWELLERY EXHIBITION The selection of jewellery is to be sold in Geneva on 18th May, 1994 Singapore Exhibition Dates: Sunday 24th and Monday 25th April,99 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article19 1994-04-23 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)19 words
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Article, Illustration154 1994-04-23 6 Paul Leo - By Paul Leo UNITED Overseas Land has retraced 60 per cent of its decline from $2.53 on Jan 5 to $1.70 on Mar 22. At yesterday's close of $2.20, the upside is limited. Hefty volume of 5.51 million units or eight times the 10-day average of 690,000 pushed154 words
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588 1994-04-23 6 Joyce QueK - By Joyce QueK SINGAPORE Once again. Singapore Press Holdings unveiled a set of strong interim results yesterday. Once again, the figures impressed. Higher turnover and productivity powered group net earnings for the half-year to Feb 28 to 5i43.6 million, a 30 per588 words
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335 1994-04-23 6 Rahita Elias - By Rahita Elias SINGAPORE Homegrown conglomerate Keppel Corp and two major Singapore contractors have formed a joint venture company to pursue building and construction projects in China. Keppel said in a statement yesterday that its two partners are Lum Chang335 words
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300 1994-04-23 6 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE Shipping company Osprey Maritime, the first foreign currencydenominated listing here since electronics maker Tri-M last July, made a respectable debut on the main board yesterday although its public offer was undersubscribed. The counter opened strongly at the day's high of US$2.9O.300 words
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Article921 1994-04-23 6 Lee Han Shih - I HOCK LOCK SIEW >By Lee Han Shih SINGAPORE Nobody should be surprised by the announcement yesterday that the Yeo family might be selling out of listed Yeo Hiap Seng Ltd (YHS). With nearly 50 related shareholders spanning three generations in the family921 words
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Article, Illustration282 1994-04-23 6 SINGAPORE No. the Hongkong-based Jardinc group is not increasing its 23 per cent stake in Cycle Carriage Ltd (CCL|. This has been confirmed bv Anthony Nightingale. managing director of Jardine Strategic Holdings (JSH). which holds the CCL stake. In a282 words
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Article205 1994-04-23 6 Reuter NEW YORK Singapore Airlines (SI.A) hopes to expand its role in the US by adding service to a new city over the next 18 to 24 months, a top official said in an interview. The airline is likely to select Chicago. Atlanta. WashingtonReuter - 205 words
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COMPANIES
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586 1994-04-23 7 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR INVESTORS warmed to Malayan United Industries yesterday after it bought a 15.1 per cent stake in Hongkong's top newspaper group. South China Morning Post (Holdings). MUI shares surged 48 sen to a high of M586 words
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318 1994-04-23 7 Bernama KUALA LUMPUR Uniphoenix Corporation Berhad said its wholly owned subsidiary. Organotin Chemie GmbH, yesterday entered into a purchase agreement with Holiandse Mettallurgischc Industrie Billiton BV (Billiton) of Germany. Organotin would acquire Billiton's manufacturing know-how, goodwill, equipment and spare parts for theBernama - 318 words
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202 1994-04-23 7 Bernama KUALA LUMPUR Sateras Resources (Malaysia) Bhd yesterday announced that it had entered into a sale and purchase agreement to acquire the entire paid-up capital of Safeguards Security Protection Sdn Bhd for MS23 million (5513.3 million). SRM proposes to acquire one million fully paid-upBernama - 202 words
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130 1994-04-23 7 AFP JAKARTA PT Bank Mashill Utama, a private Indonesian bank, yesterday listed 18 million of its shares despite a declining trend of prices for banking issues at the Jakarta Stock Exchange (JSE), a company official said. The number of the sharesAFP - 130 words
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Article553 1994-04-23 7 UNIT TRUSTS FUNDS MMMgtfi- pries Apr 23 25 LSGr Fund 100 1 04" Singapore Unit Trust "MB Invest Mgt Ltd The Commcnx' 1.73 1.82 L'mlimd 1.45 1.51 The Savings Fund 151 167 J nihond <■ 1025 105 S pore Prog Fund 0 73 0.77 nited Gr Fund 167 I.7J S553 words
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193 1994-04-23 7 SINGAPORE Overseas Union Bank has incorporated its Malaysian operations into a wholly-owned subsidiary called Overseas Union Bank (Malaysia). Under Malaysia's Banking and Financial Institutions Act of October 1989. all foreign banks in Malaysia must incorporate their operations locally by Oct 1 this year. In March last193 words
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COMPANY BRIEFS
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37 1994-04-23 7 SINGAPORE Hour Glass opened its Boehm Gallery at Delfi Orchard yesterday. The gallery displays Edward Boehm's porcelain creation which Hour Glass subsidiary Les Arts and Antiques are distributing throughout South-east Asia.37 words
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Article83 1994-04-23 7 SINGAPORE Teck Wah Paper announced yesterday that its wholly-owned subsidiary Teck Wah Investment has acquired an additional 30 per cent equity in Teck Wah Manufacturing (M). This means that Teck Wah Manufacturing (M) is now a whollyowned subsidiary of Teck Wah Investment. The authorised83 words
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54 1994-04-23 7 SINGAPORE Bombay Burmah Trading Corporation has denied an article in the New Straits Times that it had sold a 31.29 per cent stake in North Borneo Timbers to a certain Mr Joseph Ambrose Lee. The denial was made through NBT in a statement to the54 words
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62 1994-04-23 7 SINGAPORE Mr S P Tao disclosed yesterday that he has disposed 1.5 million Singapore Land shares held under Mrs Beatrice Tao at an average price of 57.22. Mr Tao now holds 1.59 million Sing Land shares while Mrs Beatrice Tao holds 1.06 million62 words
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66 1994-04-23 7 SINGAPORE Ciba Vision, a developer and manufacturer of optical and ophtahlmic products, has taken up 10.000 square metres of factory space in the Batam Industrial Park to manufacture disposable lenses. Ciba Vision is a division of Cibab-Geigy of Switzerland. The Batam Industrial Park66 words
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Article127 1994-04-23 7 Bernama KUALA LUMPUR Yeo Hiap Seng (Malaysia) Bhd made a group pre-tax profit of M 515.05 million (SSB.7 million) for the 10 months ended Oct 31. 1993 against M 522.91 million for the 12-month period ended December 31. 1992. The YHS results for theBernama - 127 words
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COMPANY BRIEFS
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83 1994-04-23 8 Bloomberg Business News WELLINGTON New Zealand's largest listed fisheries group Sanford Ltd said it has reached a conditional agreement to buy Wanganui Seafoods for NZ535.5 million (5532.3 million). It said Wanganui Seafoods has sales of more than NZ$2O million and employs about 150Bloomberg Business News - 83 words
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70 1994-04-23 8 AFP TOKYO Japan's top maker of household products, Kao Corp, said yesterday its consolidated pre-tax earnings climbed 3.8 per cent from a year earlier to 47.1 billion yen (Ss7l2 million) in the year to March. But the company, which has extensive production facilities throughout South-eastAFP - 70 words
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84 1994-04-23 8 AFP TOKYO Tokyo Steel Manufacturing Co Ltd announced yesterday a pre-tax loss of 11.2 billion yen (S$ 167 million) for the year to March, reversing a profit of 28.5 billion yen a year earlier. The leading independent electrical furnace steelmaker said sales declined 25AFP - 84 words
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102 1994-04-23 8 AFP HANOI A Taiwan firm and its Vietnamese partner have bagged the first international contract here for road works to upgrade a stretch of highway between Hanoi and the northern port of Haiphong, a report said yesterday. Continental Engineering Corp and Vietnamese partner BatAFP - 102 words
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168 1994-04-23 8 Bloomberg Business News HONGKONG China Light Power, Hongkong's largest electricity utility, said that its net profit rose 20.1 per cent to HKS2.OB billion (***** million) in its fiscal first half ended March 31 from HKSI.73 billion in the year-earlier period. The companyBloomberg Business News - 168 words
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495 1994-04-23 8 Bloomberg Business News LONDON Inchcape pic said it planned to buy the troubled Hogg Group pic for £176.6 million (Ss4os million), merge the company with its own insurance broking unit Bain Clarkson and spin off the enlarged business by 1997. TheBloomberg Business News - 495 words
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Article, Illustration376 1994-04-23 8 AFP TOKYO Japanese department store operators Mitsukoshi Ltd and Takashimaya Co Ltd yesterday announced bleak performances for the year to February but forecast improved earnings in the current year. Mitsukoshi, an affiliate of the Mitsui group of companies, said its pre-tax loss widened 57.9 perAFP - 376 words
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250 1994-04-23 8 Reuter SAN FRANCISCO Apple Computer Inc. one of the largest PC makers in the world, reported lower than expected profit and revenues in the second quarter as sales slowed ahead of the introduction of its new PowerPC line. Apple, which hasReuter - 250 words
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263 1994-04-23 8 Reuter NEW YORK IBM watchers are saying Big Blue may finally be on the road to recovery. Following surprisingly strong first quarter earnings the result of sharp-edged cost cutting and revenue growth across the board International Business Machines Corp's shares onReuter - 263 words
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SHIPS IN PORT
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Article255 1994-04-23 8 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departwe Marina Wharves Penta «a 94 po3 2204/1200 2204/1*30 Batammdo 2 2297S* M01 alongside 2204/1900 S8278(f) 22 04* P01A 22.04/2330 23.04/0400 Esperan 40A K23 atongside 28 04 2300 S8281I 22/04* P01A 2204/1930 2204/2330 SC***** 12/94* P01A255 words
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Article2320 1994-04-23 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 *a )*e i«A 0500 1* 22 1500 27 1659 22 1900 IB 22/1500 22/1659 22 1900 3 23 0 700 23/11592,320 words
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FINANCE & COMMODITIES
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503 1994-04-23 10 NYT WASHINGTON Concerned that insiders have reaped huge profits by selling mutual savings banks to other banks or investors, the Treasury Department issued new regulations on Thursday that bar such profits at federally chartered savings institutions and impose many otherNYT - 503 words
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269 1994-04-23 10 AFP SEOUL Inspectors have launched an investigation into suspected insider trading by the Korea Exchange Bank (KEB). the Ministry of Finance (MOF) said here yesterday. The Office of Bank Supervision (OBS) of the central Bank of Korea opened the investigation after KEB presidentAFP - 269 words
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435 1994-04-23 10 Condenser makers likely to push up use by spc, platinum remains steady Reuter TOKYO Japan's demand for palladium in 1994 is expected to rise by about 5 per cent on vigorous output of condensers for electrical appliances, industry sources said. Platinum demand would remainReuter - 435 words
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Article, Illustration448 1994-04-23 10 DBS weekly currency review USS/Dm: break of 1.7260 or 1.6815 to determine trend The greenback tested the upside of its recent range of 1.7049 to 1.7230 on Monday when it traded to a high of 1.7220. But the bullishness was short-lived, as sellers returned to push448 words
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190 1994-04-23 10 Reuter LONDON Coffee processors say there are no plans for fresh price increases despite a recent surge in raw bean prices to five-year highs. "1 know of no plans at the moment to increase our price of coffee." said a spokesman forReuter - 190 words
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Article, Illustration121 1994-04-23 10 THE WEEK closed as quietly as it began. The Far East market yesterday continued to see little trading activity and tight ranges. The US dollar traded all day between 1.5590-00 against the SS. Indeed, the Far East market traded only between 1.5592-97; it took London121 words
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Article180 1994-04-23 10 Bloomberg Business News LONDON The dollar ended little changed against the yen and deutschcmark here yesterday as traders awaited the outcome of tomorrow's gathering of finance ministers Irom the Group of Seven industrialised countries. Early dollar rises evaporated late in the day as traders cleared outstanding trading positions. There'sBloomberg Business News - 180 words
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156 1994-04-23 10 Bloomberg ENERGY REPORT LONDON Oil prices strengthened amid improved demand for future and immediate deliveries and concerns about civil unrest in Nigeria, brokers said. A large trader bought crude oil futures in London, while North Sea Brent cargoes for prompt loading were156 words
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Article79 1994-04-23 10 AFP NEW YORK The dollar rose against other major currencies here yesterday in a quiet market devoted to dollar buying ahead of the financial ministers meeting of the G-7 industrialized nations. At about 9:30 am (1330 GMT), ihe dollar was trading at 1.6940 marks, up from 1.6910 lateAFP - 79 words
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Article, Illustration1640 1994-04-23 10 mill IULHLhixI ii&im*! l'1< H liihltilV Ihllllhls Ban' iiw US$/S$ forward rates Noon Apr 22 SS Bid Offer 1-month I 55>JO I.>605 J-moiith I 55">5 I 5610 3-momh ***** 1.5611 6-momh ***** 1 5620 .V'niir (X BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sam m Apr 21 Singapore1,640 words
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COMMODITIES & FUTURES
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Article1361 1994-04-23 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures closed slightly firmer with gains limited by technical resistance yesterday. Dealers said the market tone was stronger due to a lot of shortcovering ahead of the weekend G-7 meeting in Washington. One dealer said there were a large numberReuter - 1,361 words
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593 1994-04-23 11 COMMODITY REPORTS Tin TIN closed the week 13 sen higher at MS 14.28 a kg yesterday, due Ic a firmer London market overnight and small offers. traders said. Turnover fell to 58 tonnes from 64 on Thursday as miners were unwilling to sell593 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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127 1994-04-23 11 SINGAPORE Malaysia's national oil firm Petronas said yesterdav it will delay the start-up of its new sweet crude refinery in Malacca until the end of this month due to minor technical problems. "The startup date for the refinery has now been rescheduled to the end of127 words
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54 1994-04-23 11 TOKYO The Australian Raw Cotton Marketing Advisory Committee lowered its 1993-94 (OctoberSeptember) production forecast to 1.37 million bales, down from its Nov 18 figure of 1.474 million. The latest forecast is only slightly above the Australian Bureau of Agricultural and Resource Economics* March 22 estimate54 words
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Article117 1994-04-23 11 BRUSSELS The European Union intends to sell 426.804 tonnes of grains from various intervention stocks for consumption within the internal market, according to data released to the European Cereals and Animal Feed Trade Association. The EU's grains management committee agreed at their meeting on Thursday to117 words
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54 1994-04-23 11 TOKYO The Australian wool market continued to firm this week, with strong demand from Japan, western Europe and China, as well as from local mills. The national indicator, which measures the price of the range of wools sold at auction, rose 1 Australian cent to54 words
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Article1507 1994-04-23 11 Rubber Singapore Commodity Exchange (futures closing as at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Mav 94 I 149 50 2.000 Jun 150.75 150.25 150 50 425 5.900 Jul ***** 1.900 Aug 151.00 151.00 151.50 75 1.700 Sep ***** 1.7001,507 words
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REGIONAL STOCK MARKETS
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Article1282 1994-04-23 12 12.9 Australian shares ended firmer yesterday but failed to extend their lead despite positive offshore signals and a firmer bond market. Dealers said the June Share Price Index (SPI), which ended at a discount to the physical, limited the gains made by the All Ordinaries index. "It has been1,282 words
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Article584 1994-04-23 12 11.05 Philippine share prices edged slightly up on bargain-hunting yesterday but turnover drastically fell in lacklustre trading, analysts said. The Philippine Stock Exchange composite price index gained 11.05 points, or 0.40 per cent, to close at 2.788.16. Turnover was down 38 per cent to only 1.93 billion shares and584 words
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Article544 1994-04-23 12 +95.56 Taiwan share prices closed 1.66 per cent higher on news of the easing of foreign equity investment curbs and looser liquidity, dealers said. The index ended up 95.56 points at 5,837.03, off a high of 5,838 with turnover of NT582.34 billion, up from NTSSB.B billion. Papers led the544 words
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Article405 1994-04-23 12 +2.88 Stocks closed higher in thin trading as strong foreign buying in heavily-capitalised Kepco boosted some primary blue chips, brokers said. The composite stock index added 2.88 points to end at 884.85. But losers slightly outnumbered gainers by 359 to 349. Ha Sung Won of Ssangyong Securities said foreign405 words
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Article277 1994-04-23 12 +8.32 The New Zealand share market retreated from a strong opening to finish a session, in which the market received positive inflation news, slightly ahead. The NZSE4O Capital Index closed up 8.32 points at 2.093.27, off the 2,124.85 session high. Volume remained light at NZS33 million. Recent volatility277 words
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Article98 1994-04-23 12 +31.1 Stock prices ended slightly higher in a market devoid of business as most dealers were engrossed in a cricket match being played between India and Pakistan in Sharjah. brokers said. The Bombay Stock Exchange 30-share index closed 31.10 points higher at a provisional 3.810.03. The BSE index which98 words
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WORLD STOCK MARKETS
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Article680 1994-04-23 12 +32.5 STOCKS rose as hopes for higher company earnings, coupled with rising bonds, outweighed concerns about US interest rates. The FT-SE 100 Index of leading British stocks closed 32.5 higher at 3,133.7. That's aiter the index rose 2.9 points on Thursday, breaking a three-day run of declines. British Telecommunications680 words
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Article135 1994-04-23 12 +43.22 French stocks surged in the wake interest rate cuts as the April trading account ended and investors bought back stock they sold short earlier in the month. The CAC 40 Index of French stocks rose 43.22 points, just over 2 per cent, to 2,135.17. Pharmaceutical companies Roussel Uclaf135 words
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Article125 1994-04-23 12 +21.87 Swedish shares soared 2 per cent in active trading yesterday, pushed higher by strong overseas markets and falling bond yields, traders said. The OMX Index of 30 leading stocks rose 21.87 points to 1,117.40. Turnover was a hefty 30 million shares, but included investment group Protorp Forvaltnings AB's125 words
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Article193 1994-04-23 12 16.95 German stocks rose in official trading, boosted by a rebound in bank shares and positive earnings news from retailers. A stronger bond market also provided support for shares, traders said. However, price declines in machinery and chemical stocks prevented the market from going higher. The DAX index of193 words
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Article164 1994-04-23 12 19.27 Belgian stocks rose as lower bond yields and short-term rates cut the cost of corporate borrowing and revived prospects for economic recovery, analysts said. The Bel-20 Index of blue chip stocks climbed 19.27 points, or 1.3 per cent, to 1,495.72, the biggest one-day rise since March 7. The164 words
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Article140 1994-04-23 12 +221 Italian shares gained as rising bonds and stocks across Europe lured investment funds back into the market, traders said. The Milan market's blue chip Mibtel Index rose 1.8 per cent, or 221 points, to 12,437, after shares performed mixed during the past two days. Among major shares, Assicurazioni140 words
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Article285 1994-04-23 12 +3.7 Dutch stocks closed higher as optimism over first-quar-ter earnings and European interest rates attracted buvers. Traders said falling bond yields throughout Europe made shares more attractive as an investment. A modest recovery in the dollar, an important currency for Dutch companies, also helped. Stocks in major companies like285 words
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Article238 1994-04-23 12 +6.3 Swiss stocks rose, with a strong opening offset in the afternoon by renewed interest rate fears, traders said. The Swiss Market In- dex, or SMI, which tracks the top 22 blue-chip stocks, gained 6.3 points to 2,787.9 points, with 11 stocks rising, three unchanged and eight falling. Zurich238 words
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Article279 1994-04-23 12 +21 South African gold shares reversed early gains by the close as a weaker bullion price brought some preweekend selling in relatively quiet trade. The overall index ended five points better at 5,042. The industrial index closed 21 points higher at 5,983 and gold index was off 19 at279 words
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Article272 1994-04-23 12 1.2 Toronto stocks were firm overall at midday yesterday as gains in most sectors edged out losses in precious metals and financial services. The TSE 300 composite index rose 1.20 points at 4,168.40 in volume of 29.1 million shares valued at C 5346.00 million. Advances led declines 319 to272 words
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Article762 1994-04-23 12 +53.83 Stocks were little changed at midday yesterday as traders focused on covering positions before the weekend after a hectic week. The Dow Jones Industrial Average was unchanged at 3,652.54 just after 1 pm EDT. In the broader market, advancing issues led dcclincrs 11-9 on New York Stock762 words
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Article811 1994-04-23 12 Britannia Funds Sterling Cash M Offer Mim < ap Drpusil 38 MOO 38 ft MX) Mini Jcnes Gill 0 1843 0 IW2 Mim Mj» Income *0 4800 *1 O.'OO L S$ Cash Income Plus Fund 4 4500 10 4800 PS Reverse Fund 5 2500 >00 Strrliag F.quil) Euro Performance 0811 words
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Article, Illustration3109 1994-04-23 13 Bloomberg Business News HONGKONG Hongkong stocks rose yesterday as investors sought leading shares that have fallen to attractively low prices. The benchmark Hang Seng Index of 33 leading stocks slumped 6 per cent in the first four days of this week on concern that interest rates will rise andBloomberg Business News; Source: Bridge Info - 3,109 words
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Article, Illustration499 1994-04-23 13 THE bulk of Shanghai B shares surged on modest turnover of US$3 million. Phoenix Bicycle regained territory after Thursday's 9 per cent fall. Outer Gaoqiao. Sewing Machine and Dazhong continued to rise between 3 to 6 per cent on light trading. The CLSA B index rose 9.69 points to499 words
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Article, Illustration2547 1994-04-23 13 Bloomberg Business News TOKYO Stocks rebounded from three days of declines on a rise in electronics manufacturers' shares and on expectations that the Bank of Japan will keep interest rates low, traders said. Strength in the electronics sector was due to anticipation of a multimedia boom. Multimedia, an ill-definedBloomberg Business News; Source: Bridge Info - 2,547 words
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Article, Illustration1740 1994-04-23 13 Reuter BANGKOK Thai stocks fell back after morning gains but ended 13.58 points higher at 1.293.64 on heavy turnover of 9.6 billion baht. brokers said. The day's high of 1.306.01 was reached in the first 17 minutes of the afternoon session. Brokers said investors, worrving about a possible reshuffleReuter; Source: Bridge Info - 1,740 words
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Article, Illustration1186 1994-04-23 13 Bloomberg Business News JAKARTA Indonesian shares closed lower as investors were wary of the situation in Sumatra this weekend, traders said. Concern that the riots in Medan may resume over the weekend or spread to other parts of Indonesia kept investors out. they said. The Composite Index shed 1.7Bloomberg Business News; Source: Bridge Info - 1,186 words
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Article2446 1994-04-23 14 MOST ACTIVE volume Mulph.1 I ill I MV IJ11-. Hvd MW II K.lillll111 MV \luili-l*iii|M>c H »M*> Hv l|.l\jllk1 k 7 *o.oiio PliMIRI h 44: IMI Ml I I B > 01'* CMHt IniKnol Blul 4S44UM \Mrop4c\ Mk 4(i^>t*lll \kmvk\ I\K 4 >««» IV*l \|>i.l »'*«•(**I WIDB *'V2,446 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5554 1994-04-23 14 Bloomberg Business News KUALA LUMPUR Malaysian slock prices rose as increasingly active local investors hid up shares on speculation ahout upcoming deals, traders said. The Kuala Lumpur Stock Exchange's benchmark Composite Index rose 9.96 points, or 0.97 per cent, to 1.038.87. The broaderBloomberg Business News; Source: Bridge Info - 5,554 words
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STOCK EXCHANGE OF SINGAPORE
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Article7162 1994-04-23 15 Gr Of 19*4 Last Val Day Last Qwft Di« M« YM Nit M Cam Hick L*v (wfuv Sale (-MB) High Lo« Buyer Srtkr Or l»/E S«Il iHWJlTiMU. MM COMMERCIAL 1350 206 l j Aetna 97} cd +40 113 980 940 970 97} 17 2.1 I t 1)6 672 0 ">007,162 words
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Article, Illustration1990 1994-04-23 16 Paul Leo - By Paul Leo SINGAPORE Cheered by the overnight surge on Wall Street, investors chased up local stocks yesterday. The Straits Times Industrials Index rose sharply within the first half hour of trading and maintained its strength throughout the day to end atCharts by Bridge Info; Source: Bloomberg - 1,990 words
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Page 6 Advertisements
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Advertisement302 1994-04-23 6 NEWS VALUE How today's news might affect your stocks Wing Tai makes bid for control of Yeo Hiap Song (pg l) Wing Tai sees "hidden" value in Yeo Hiap Seng, paying a high premium over market price. Keppel building giant $150 m drydock at Tuas (pg 1) Positive. Keppel staying302 words
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Page 7 Advertisements
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Advertisement7 1994-04-23 7 4 Dividends table has been held over7 words
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Advertisement729 1994-04-23 7 Singapore Press Holdings Limited (Incorporated in Singapore) The Directors have pleasure in announcing the following unaudited results for the six months ended February 28, 1994. Q Results 1994 1993 Change 1994 1993 Change $000 000 $000 $000 Turnover 370,872 311,985 18.9 329,912 208,348 58.3 Trading profit [See Note (a)] 161,305729 words
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Page 9 Advertisements
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Advertisement702 1994-04-23 9 Goodwood Park Hotel Limited and its subsidiary companies (Incorporated in Singapore) IS PROFIT AND DIVIDEND ANNOUNCEMENT (jj UNAUPITED RESULTS FOB THE MX MONTHS EMOED 31 M*WCH 1994 1. Unaudited Profit and Loss Accounts HwQwmp The Company 1994 1993 Change 1994 1993 Change SS'OOO SS'OOO SS'OOO SS'OOO Turnover 65,872 61,081 +7.8702 words
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Advertisement663 1994-04-23 9 Hotel Malaysia Limited and its subsidiary company (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT (T) UNAUDITED RESULTS FOR THE SIX MONTHS EHDED 31 MARCH IW4 1. Unaudited Profit and Loaa Accounts The Otomp The Coihpiw 1994 1993 Change 1994 1993 Change STOCK) SS'OOO SS'OOO SS'OOO Turnover 18,246 18,002 +1.4 18,246663 words
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Page 11 Advertisements
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Advertisement31 1994-04-23 11 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call.31 words
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Advertisement40 1994-04-23 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. RricinpccTiTrwK40 words
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Page 12 Advertisements
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Advertisement37 1994-04-23 12 SINGAPORE Business Times WE KNOWASA Address: Customer Relations Section Circulation Department iSSPlllPJ!®!llilf Singapore Press Holdings Limited 82 Genting Lane Occupation Fax m News Centre Singapore 1334 SBjUfm Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) I37 words
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Page 13 Advertisements
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Advertisement135 1994-04-23 13 El Primero automatic chronograph movement. |r~-, Above Beyond Pie Ltd 1 Maritime Square •02-101 Expo Gateway Tel *****42. Cortina Watch Centre Pte Ltd *01 -36 Raffle* City Shopping Centre Tel *****85 801 32 lucky Plaza Tel *****84 Deluxe Eastern Watch Pte Ltd X f MI-IS/ 20 C'entrepoint Tel *****36. Jewellery135 words
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Page 14 Advertisements
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Advertisement99 1994-04-23 14 S JUI K *•*rms*,SlP<»ua fl| S^MMiSimiimw""P 37-640 (14" Teletext) MB2 795/9 PIP TOPJNicam Stereo) ST 70-655/Btext (Nicam Stereo) E-72-911 TOP {Nicam Stereo) P 37-050 {Designed by FA Porsche) (*rrman> m m I. AVAILABLE AT ALL LEADING ELECTRICAL DEALERS g Whether its the Bull or the Bear, r s 1 #■>-99 words
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Page 15 Advertisements
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Advertisement194 1994-04-23 15 El Primero automatic chronograph movement. Non-refUcting sapphire glass. Water-resistant to 100 m or 50m. "V |WJ ~~'jy Available in gold, gold and steel or hb B I^ll I Ahorc di liyiri rw Ltd 1 Maritime Square *02-101 E«po Gateway Tel ******2 Cortina Watch Ceatr* Pie Ltd Raffle* City Shopping Centre194 words
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Page 16 Advertisements
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Advertisement24 1994-04-23 16 "Ideal in cameras. And I know wheieto get gpod exposure. Pt* Red n4-u t complete -"TV J?- accessories, Call today for results tomorrow. 737-116624 words
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Advertisement270 1994-04-23 16 THE COMPANIES ACT CAP. St SEAH BOON HENG REALTY (PTE) LIMITED (Ib Voluntary LiqaMatioa) At an Extraordinary General Meeting of the member* of the abovenamed company duly convened and held at 10 Anson Road. #13-12 International Plaza. Singapore 0207 on the 19th day of April. 1994. the special resolution set270 words
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Advertisement596 1994-04-23 16 Notices IN THE MATTER OF THE COMPANIES ACT, CHAPTERS* AND IN THE MATTER OF XINGHAI TRADING PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING-UP Al an Extra-ordinary General Meeting of die Members of (he abovenamed Company, duly convened and held al 110 Middle Road. #05-00. Ouat Hong Building. Singapore 0711596 words
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Advertisement410 1994-04-23 16 NOTICE NOTICE IS HEREBY GIVEN that I, TEE TEONG Li AN of Blk 10, Holland Ave, #10-03, Singapore 1027, have applied for a Retail Liquor Shop Licence in respect of premises at M/s TCM Chinese Medicines Private Ltd. at 100, Eu Tong Sen St, #02-32, Pearl s Centre Singapore 01410 words
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Advertisement173 1994-04-23 16 IN THE MATTER OF THE COMPANIES ACT, CAP.S6 AND M THE MATTER OF DEPLAN ENGINEERING PTE LTD fn MtmbWi Voluntary UfMMw) NOTICE IS HEREBY GIVEN pursuant to Saction 306(1)ai tho Companiaa Act. Cap. 50 thai tha Final Ganaral Mooting of tha mambara of toa abovomontlonod Company wM ba haid at173 words
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Executive Lifestyle
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Article, Illustration1618 1994-04-23 17 Shahiron Sahari - So many concerts have been staged in Singapore of late that ticket sales have fallen. Shahiron Sahari talks to the promoters Shahiron Sahari THE GOOSE that laid the golden eggs for concert promoters has well and truly lost its fertility or has it? Once1,618 words
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STRAWS IN THE WIND
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Article155 1994-04-23 17 A READER went into a bookshop and asked for a Kipling omnibus. "Give me a minute," said a bemused girl at the counter, who went off to inquire. A couple of minutes later she returned to ask: "How you spell Kipling?" She got her answer, then155 words
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Article28 1994-04-23 17 BT JOURNALIST Conrad Raj once received a letter addressed to Comrad Rag. Worse still, colleague Shahiron Sahari recently received a fax that began: Dear Mr 1r0n...28 words
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OPINIONS
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Article, Illustration682 1994-04-23 18 In an editorial this week, Asahi Shimbun said the South African experience holds important lessons IF A nuclear war ever takes place, it will break out between India and Pakistan, say American intelligence agencies. It is only natural that we get uneasy especially over682 words
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Article779 1994-04-23 18 Neville Stack - Neville Stack says the way to do it is to fight the causes: fear, greed and ignorance Neville Stack The writer is a political commentator based in London. He writes regularly for BT. IN BATTLE, one side's victory is the other's defeat. And it is not only779 words
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Article914 1994-04-23 18 Hean Chung - Hean Chung gets a call from an American buddy about the Fay vandalism case Hean Chung The writer, a BT sub-editor, studied and worked in the United States in the '80s y ELLO, is this Bubba?" 1 I came the voice, thick JL with a Southern914 words
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Article447 1994-04-23 18 Johnny Hoe - LETTER TO THE EDITOR Johnny Hoe NOWADAYS, many newspaper reporters like to pick on cab drivers. Your Opinions page piece is the latest assault (BT, April 9/10). I have been driving a taxi for many years and I feel that many of the articles447 words
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CORPORATE PROFILE
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Article, Illustration2710 1994-04-23 19 Conrad Raj - Keppel Corp has come a long way since it was privatised by the Port of Singapore Authority in 1968 with an asset base of only $103 million. Conrad Raj takes a look at the achievements of Singapore's leading conglomerate and finds out what its future2,710 words
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Article547 1994-04-23 19 OF ALL its overseas investments. it is perhaps in the Philippines that Keppel Corp has scored its greatest success. And what it is doing in this country of over 7.000 islands is, really, re-inventing itself. From a small shipyard built on a former padi field547 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration61 1994-04-23 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities. Crosby Securities, DBS Asset Management. Kay Hian James Capel. Morgan Gren/ell Asia Securities. Nomura Research Institute. OCBC Investment Research. Ong Co. Peregrine Securities. Phillip Securities. Schroder Securities.61 words
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Article190 1994-04-23 20 Phillip Securities (April 22) Sime Darby Bhd. Well-diversified conglomerate to benefit from strong Asia-Pacific economies and potential merger with Consolidated Plantations. Currently trading at prospective FYJune94 and FY9S PERs of 22.6 x and 19.8 x respectively. Support at 553.50. Ong Company (April 22) DBS Land. Strong growth for next190 words
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Article, Illustration161 1994-04-23 20 Baring Securities We are not optimistic about the Hongkong market in the short term and expect further consolidation at the current level. Our view is largely based on: (i) the instability of the US long bond yield which may cause further outflow of liquidity fromSource: Bridge Info - 161 words
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Article, Illustration266 1994-04-23 20 Chia Yew Nguan - Chia Yew Nguan Fund manager Credit Lyonnais International Asset Management (Singapore) r I 1 ie market capitalI isation of the SinJL gapore stock exchange is about SSI9O billion. Take away all the long term strategic holdings by the government and company directors, subtract cross holdings among listed266 words
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Article, Illustration868 1994-04-23 20 Joyce Quek - Joyce Quek finds out why there is so much interest in Malaysia's second board stocks Joyce Quek WELCOME to the heady world of Malaysia's second board. It is a hotbed of the hottest stocks around if you want to take a stake ir. or868 words
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Article626 1994-04-23 20 WHILE the prospect of a reverse takeover or an upgrade to the main board may be the most exciting play for second board companies, some also offer intrinsic value. Of the board's 10 sectors. Nomura Research Institute has zeroed in on three with particularly high626 words
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Article, Illustration703 1994-04-23 20 Agnes Chen - Agnes Chen on the effect of higher rates on Asian and Singapore stocks Agnes Chen WHY all this fuss over what the US Federal Reserve does with US interest rates? Simply put, it's because local interest rates will have to rise inSource: Bloomberg - 703 words
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547 1994-04-23 20 ARISING interest rate trend will benefit Singapore's cash-rich companies. but hurt property developers as well as smaller listed companies which tend to have more short-term debt. And while bank profits may get a boost, finance companies will suffer from a margin squeeze. Analysts note547 words
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Article, Illustration1296 1994-04-23 21 Lilian Ng - An NUS lecturer tells Lilian Ng about the stock market model he has developed to interpret the behaviour of the S'pore market Lilian Ng The writer is a freelance journalist w ho contributes regularly on investment matters STILL trying to pin the stock market1,296 words
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Article, Illustration798 1994-04-23 21 Agnes Chen - Agnes Chen discovers an Aussie firm that's offering S'poreans a chance to become developers Agnes Chen WANT TO be in property kingpin Ng Teng Fong's shoes? It is said that in any property venture, developers like Mr Ng come away798 words
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Article, Illustration550 1994-04-23 21 Paul Leo - Paul Leo speaks to a trader who developed his technique after attending a seismic talk Paul Leo TRY MIXING oil and water and it's no go. Try drawing a parallel between oil exploration and stock trading, and hmmm... That's what electrical engineer JohnSource: Future Source - 550 words
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Article, Illustration539 1994-04-23 21 Najesh Jarhom - CHART By Najesh Jarhom The writer is research manager of Eraser Securities THE MARKET'S resilience this week in the face of renewed fears about rising interest rates suggests that investors who have recently re-entered the market are increasingly confident that share prices would continueSource: Bloomberg? - 539 words
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Article, Illustration527 1994-04-23 22 SUSAN TSANG - Singapore Film Fest 1994 By SUSAN TSANG IT'S QUITE a big day when the Saheli Asian Women's Centre organises its I- "Blackpool Illuminations" outing. It sounds ;:*ke a chance to lounge in deck-chairs and tMave some Bhaji On The Beach. But there's than Bhaji (fried veggies, often eaten527 words
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Article, Illustration537 1994-04-23 22 CLAIRE LEOW - By CLAIRE LEOW THERE is nothing that better portrays the hope and aspirations of mankind than to see them through the eyes of a child who undergoes a journey of discovery, disenchantment and self-knowledge. The Israeli movie The Summer Of Aviya. which was awarded a Silver537 words
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Article, Illustration365 1994-04-23 22 SHAHIRON SAHARI - By SHAHIRON SAHARI A MOOD of depression and gloom pervades Crush, the directorial debut of New Zealand's Alison Maclean. Set amidst the leafy vistas, famous mud pools and sulphurous odours of Rotorua. the movie begins with a car accident that leaves reckless driver Lane (Marcia Gay Harden) unscathed365 words
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Article, Illustration648 1994-04-23 22 Susan Tsang - Susan Tsang takes a look at the different styles of four Filipino artists working in Singapore Susan Tsang FOUR Filipino artists working in Singapore have called their exhibition "X-Patriots". Lest anyone should misunderstand, they are still patriotic, and their loyalties aren't onlyPhotos by Chris Loh - 648 words
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Article, Illustration1112 1994-04-23 22 Shahiron Sahari - Shahiron Sahari finds out how popular world music is among local local listeners Shahiron Sahari "Music is already there, we're not creators but channellers, we only have to be receptive." Bheki Mseleku. South African pianist, saxophonist, composer and universal traveller1,112 words
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Article, Illustration607 1994-04-23 23 SHAHIRON SAHARI - CD Review By SHAHIRON SAHARI JOHN Trudell: johnny damas and me John Trudell is Bob Dylan meets Leonard Cohen meets Robbie Robertson. Trudell is actually a Native American who was hard done by in a nasty way by "the establishment" and sings about injustices against him607 words
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SPORTS
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Article, Illustration350 1994-04-23 24 Golf AP GREENSBORO. North Carolina Four weeks of steady improvement turned into one day of near-record golf for Mike Springer on Thursday. Four days of playing at his best did the same for Hale Irwin. Trying to regain some consistency after elbow andAP - 350 words
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305 1994-04-23 24 AFP BARCELONA Jean-Louis Guepy and Thomas Levet. two Frenchmen with a liking for long-distance travel, shared the first round lead with South African Gavin Levenson in the Catalan Open here on Thursday. Guepy. a 27-year-old who was born on the PacificAFP - 305 words
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Article, Illustration754 1994-04-23 24 Dave Anderson - Dave Anderson turns the spotlight on the trainer behind the boxer who may become the first left-hander to reign as heavyweight champion Dave Anderson NYT LAST VEGAS Michael Moorer was annoyed. The room-service waiter had been late delivering his dinner. "I'm notNYT - 754 words
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Article, Illustration47 1994-04-23 24 Reuter SAN FRANCISCO Philadelphia Phillies' centrefielder Lenny Dykstra sliding by San Francisco Giants' catcher Kirt Manuaring to score on a sacrifice fly off the bat of first baseman John kruk during third inning action on Thursday at Candlestick Park. ReuterReuter - 47 words
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404 1994-04-23 24 AFP SHARJAH, United Arab Emirates Aamar Sohail starred for Pakistan as they continued their supremacy over arch-rivals India to lift the Australasia Cup here yesterday. The World Cup champions, who began the grand final of the six-nation tournament with an 11-3 recordAFP - 404 words
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SPORT SHORTS
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Article, Illustration234 1994-04-23 24 AFP AFP NEW YORK Dan Wilkinson, a huge yet fast defensive tackle known as "Big Daddy", is expected to be the first choice in Sunday's NFL draft of US college players. Ihe Cincinnati Bengals own the No I pick, thanks to finishing a league-worst 3-13 last season. WilkinsonAFP - 234 words
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Article, Illustration41 1994-04-23 24 NEW YORK Major League lliursdav American: Boston 6 Oakland 5: NY 4 Seattle 2: Minnesota 6 Cleveland 10: Milwaukee 6 Chicago 4: Baltimore 8 California 11. National: SF I Philadelphia 6: San Diego 4 Montreal 5: NY 3 LA 13.41 words
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Article, Illustration30 1994-04-23 24 NEW YORK NBA Ihursdav: Boston 89 Charlotte 95: Miami 94 Atlanta 89: NY 130 Philadelphia 82: Houston 126 Dallas 100: Utah 122 Portland 111: Golden State 121 Sacramento 96.30 words
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Article, Illustration122 1994-04-23 24 AP ST JOHN'S, ANTIGUA Despite 1.229 runs. England and the West Indies fought to a draw on Thursday, the fifth and final day of their fifth and final test. Only 15 wickets fell for the 1.229 runs, leaving the West Indies 3-1 winners of the series to retain theAP - 122 words
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Article, Illustration73 1994-04-23 24 BARCELONA, Spain Catalan Open first round Thursday (GB/lrish unless stated): 67 Gavin Levenson (SA). Thomas Levet (Fra). Jean-Louis Guepy (Fra) 68 Wayne Riley (Aust) 69 jim Payne. Olle Nordberg (Swe). Gordon J Brand. Howard Clark 70 Olle Karlsson (Swe). Adam Hunter. Roger Chapman. Jonathan Lomas. Sam Torrance. Andre Bossert73 words
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Article, Illustration46 1994-04-23 24 NEW YORK NHL Eastern Conference first-round playoffs Thursday: Buffalo 1 New Jersey 2 (Devils lead best-of-seven series 2-1): Montreal 3 Boston 6 (Bruins lead series 2-1): NY Islanders I NY Rangers 5 (Rangers lead 3-0): Washington 2 Pittsburgh 0 (Capitals lead best-of-seven series 2-1).46 words
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Article, Illustration264 1994-04-23 24 AFP AFP MONACO Russia's 20-year-old sensation Yevgeny Kafelnikov, who beat Andre Agassi in the firstround. moved one match away from a semi-final berth at the Monte Carlo Open on Thursday when he defeated top-seed Michael Stich in straight-sets. But although he has now beaten the 1991 Wimbledon champion threeAFP - 264 words
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PEOPLE
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Article, Illustration161 1994-04-23 24 GUESTS at the launch of Givenchy's new watch collection last month had a peek at the full range of the Copernic and the Imperator designs. The lunch/preview presentation highlighted the splendour of the Roman era and the planetary system two features that mark the design and161 words
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TIME OFF
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Article, Illustration716 1994-04-23 25 Shahiron Sahari - Shahiron Sahari gets on board the floating pub at Clarke Quay which is still looking for a name Shahiron Sahari ON L OK the newest pubs in Singapore, made up of four old tongkangs at Clarke Quay, is looking for a name. Temporarily called plain716 words
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Article247 1994-04-23 25 The Dreamer A musical that traces the life of a young Israeli lad. Joseph, who was betrayed by his brothers. Performed by 70 artistes, it promises a blend of contemporary music, including rap with jazz and ballet dancing. Apr 30. 7pm to Spin at Gas Lamp Square. Clarke Quay247 words
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Article159 1994-04-23 25 SAF Chinese Orchestra A member of the SAF Musical Groups, the 60-strong orchestra will present "Music from the Past" an evening of Chinese opera. Tomorrow. 5 pm to 6.30pm at the I'icloria Cornell Hall Tickets at 55 are available at Centrepomt Information Counter. Sluing in \lu\ic in Sims he159 words
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Article130 1994-04-23 25 The Great American Adventure Experience the wonders of the US through three filmlets. Show times I lam Hidden Hawaii: 12pm: Xiagara Miracles. Mvtlis and Mayic: Ipm. Grand C anyon I he Hidden Set rets: 2pm: Hidden Hawaii 4pm Xiawira: spm: Grand C anion. 7pm: Hidden Hawaii and Bpm: Xiaiftiro130 words
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Article, Illustration1264 1994-04-23 25 Christie's Spring Auctions 1994 Preview of contemporary Chinese oil paintings, fine 19th 20th century Chinese paintings. Chinese works of art. fine Chinese ceramics, jadeite jewellery. jade jadeite carvings, snuff bottles and magnificent jewellery watches. Important jewellery to be sold in Geneva and a fine selection of Leica and Nikon1,264 words
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Article85 1994-04-23 25 Alankara: Celebrating the Decorative in Indian Art I he tciulcncN to embellish i> «Jeepl\ rooted in human psychology which originated ever since the dawn of human civilisation. Gauri krishnan. curator for the forthcoming Indian Arts Exhibition, attempts to explore this sense of design and ornamentation in Indian art. crafts85 words
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Article285 1994-04-23 25 New Paper Big Walk Expected to be the biggest sport event in Singapore with an estimated 2>.(XX) walkers. brand new Opel Corsa and other prizes worth o\er S I(X».(KK> will be given away at the participants' lucky draw. May 22. starting from the 11 est Entrance of the Sational285 words
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Article351 1994-04-23 25 Festival of Arts Fringe 1994 Outreach arm of the 77th Singapore International \nnual Film festival, festival fringe remains largely Singaporean with performances b\ 7 0 local and 30 foreign groups. This year being the International Near of ihe Family, a number of special activities have also been351 words
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Article131 1994-04-23 25 Wee N H - Compiled by Wee N H 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, ll'isma Atria. Centrepoint and Tangs. Hotline: 269-2929.131 words
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EPICURE
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Article, Illustration981 1994-04-23 26 Tan Su Yen - Tasmanian products are making a beeline for Singapore. Tan Su Yen has the details Tan Su Yen LAMB C HOrb cooked on the back-yard barbecue. washed down with a six-pack of Forsters Larger. Perhaps, a Pavlova a meringue-based dessert served with fresh cream and fruit forPhoto by Chris Loh - 981 words
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Article753 1994-04-23 26 N K YONG - Wine By N K YONG JABOULET's Hermitage La Chapelle is Northern Rhone's most famous wine, made from the Syrah grape from a special vineyard on the hillsides of the massive granite hill of Hermitage, a vineyard which dates from 600 BC. Penfold's Grange Hermitage is Australia's greatest753 words
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Article, Illustration1006 1994-04-23 28 Ace Ventura Pet Detective. Jim Carrey springs into action when the dolphin mascot of the Miami football team gets abducted. Midnight tonight at Lido. Capitol. Oriental. Jurong. Republic. Yishun. Bishan. Pavilion. Gala. Xew Crown: 4.45pm: 11.45. Tomorrow I lam at Jurong. Changi. Republic. \ew Crown. A Streetcar Named Desire.1,006 words
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Page 17 Advertisements
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Advertisement89 1994-04-23 17 SK" ransa iUuMW >•! Mn 1., t.l ti i.. w iwur umn a iwwwiwon Surtc* Approval' 1800 33 4 3588 A A. 1,8 003 3 4 36 6 8 1/- -v, 111 t ~.1 111 HP Jfe j VHHHC '~sf Kt 4£th v>t -4%> mm&-- i2Q fl V ■FS EgSGSffFi'89 words
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Page 18 Advertisements
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Advertisement124 1994-04-23 18 SECRETARIES' WEEK BUFFET LUNCHEON MOON PAVILION CHINESE RESTAURANT 25 April 29 April 1994 Bosses, treat your secretaries to MPT Si* I'll i i a fabulous Bufiiet Luncheon and ipv. Fashion Show. Lunch will feature MMHL a tantalising spread of her favourite WKKk Oriental Style, Sauteed Mussels in y&l Cuny Sauce124 words
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Advertisement39 1994-04-23 18 k BT welcomes letters from you. S K Please address them r r to: The Editor, S S Business Tiroes, r r 390 Kim Seng Rd, S J S'pore 0923. Letters r should include your J contact numbers. s39 words
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Advertisement25 1994-04-23 18 737-1166 Make the connection through The Straits Times Classified when you're looking for bargains or looking for customers. Just give us a call. CJLTM. 1737-11—125 words
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Page 18 Miscellaneous
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Miscellaneous47 1994-04-23 18 I'm SEGKtrtG* I Tms JOB HPvS CcDmPLCTEuy C^Pl-OVrnCrsiT.. PesTRoVeD rne... t tuocunt mhwtMM m. iM tw 9171 DOONESBURY GARRY TRUDEAU RQMY.&Xe AMJ.KHAT BACK-ANPNO I I OHKZI THtHOL- J££JL 'AOOffSCJIONM V**™ I LONGBRJUNPeR I fgggg, p#AMfiK. NOOHC* H TMCPENLYI fJJJf' J A DOCTORS I I 4575WM5 l flepwiw47 words
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Page 20 Advertisements
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Advertisement20 1994-04-23 20 The difference s sQO between I? cr> just printing f|rH a brochure I andproducing l\^ AGOOD y+ |!c^ ONE ICS20 words
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Page 23 Advertisements
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Advertisement262 1994-04-23 23 Come to Her World's Bridal Bazaar SATURDAY. APRIL 23 The Dynasty Hotel Ballroom 9am to S—. Admissiow: Frw and win $38,000 of wedding prizes A grand 12-day Now Zoaland Perfect Honeymoon worth $7,000 (frMH Clmm Brothers Tnvtl, Air Ntv ZulMkl aid How ZhM TmHm Board) Polo CM Sonshino soitcofos worth262 words
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Page 24 Advertisements
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Advertisement153 1994-04-23 24 jjj? El Primero automatic chronograph movement v iX Available in gold, gold and steel or steel. YlAINBOV(/ WB JsJ AboV e ond P Ud 1 S<lM« *02-101 Expo Gateway Tel *****42 Cortina Watch Centre Pie LM #01-34 Raffles Crty Shoppin* Centre 'ff l V >5S»€ >C Tel *****85 #01-32 I153 words
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Page 26 Advertisements
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Advertisement281 1994-04-23 26 Come to Her World's Bridal Bazaar SATIIBPAY. »MI 23 Tho Hotoi Ballroom 9ai to 5BIW» tdnUnio.; Iroo and win $38,000 of wedding prizes A grand 12-day New Zealand Perfect Honey moan worth $7,000 (from Chan Brothers Travel, Air N«w Zealand and Now Zealand Tourism Board) Polo Club Svnshino suitcases worth281 words
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Advertisement20 1994-04-23 26 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. TXhkufou* f 1 Business Times —mom*m20 words
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Advertisement69 1994-04-23 26 ■pF^^gt BP A Lunch Sl2.Bo++ |H JH- ij Dinner $16 80++ IH l.unrh consists Soup. Main ('.nurse. m Dessert and ColTee/Tea. I t| r Dinner includes a choice or Main I M Y CiNirse with a buffet spread of ~"Tdl T« Xppetizers. Soups. Salads. Desserts Ml ■MEAL DEAL and Coffee/Tea69 words
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Page 27 Advertisements
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Advertisement357 1994-04-23 27 Nothing BeatsAßud. where to wine, dine «no entertain or FRESPfI .PASTA DAI LY. W From Pasta Frasca. Tho only restaurant to moko its own spocialty pasta. Fresh, ovorydoy. Savour perfect pizza, groat jMU|^ goiati and torrific tiramisu. AH topped with Italian hospitality. P«M Frnca Do Satvator* ltd 30 Baal Quoy.357 words
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Advertisement320 1994-04-23 27 x K V HV 1 Vv" > (Prices subject lo 10% service charge. 1* govt u* A 3% GST) Orchard Boulevard Singapore 1024 Odi Ten U Now at MOON PAVILION CHINESE RESTAURANT (Mezzanine Floor) Our ever-popular High Tea treats you an array tasty favourites like Tun Sum, Nonya Kueh, Mee320 words
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Advertisement291 1994-04-23 27 Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. ♦Snffo (adult) w* s 8 (chiW) Karaoke Hi-Tea: *$19.00 (adult) I *$14.00 (child) f291 words
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Advertisement391 1994-04-23 27 Secretaries' Week At The Stables All week long we honour those wonder women Mfhoul whom the wheels of commerce would grind to a halt Starting 25 to 29 April at The Stables, there's special set lunches, complimentary cocktail, roses, fashion shows Plus lots of attractive door gifts like perfumes, toiletries391 words
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Page 28 Miscellaneous
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Miscellaneous2398 1994-04-23 28 TODAY'S TV ■BTTTr¥lJ T 7lTTiI*i 6.00 Morning News (M). 7.00 CNN/Asia Business. Sinking Of The Rainbow Superstars Of Action: Clint East- 9 40 HobtoyTvo* 1 Warrior, 2pm, SBC 5 wood, 4.30pm, SBC 5 aHRl 9.00 ABN News (VI). Jon Voight and Sam Neill The career of Clint Eastwood. 9.30 CNN2,398 words
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