The Business Times, 11 June 1994

Microfilm: NL19382
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 010/12/93 Weekend Edition, June 11-12 1994 WE KNOW ASIA 75*
    13 words
  • Article
    GIC looking to invest in regional property projects
    533 1  -  From Loh Hui Yin in BANGKOK THE Singapore Government's investment arm is scouring the region for property deals as part of its policy of investing some of the country's reserves in East Asia's booming economies. The Government of Singapore Investment Corporation (GIC)
    533 words
  • Article, Illustration
    Alan Yeo to shareholders of YHS: Don't oust me
    661 1  -  By Genevieve Cua SINGAPORE Embattled Yeo Hiap Seng chairman Alan Yeo has appealed directly to shareholders to vote against his removal, as it would "plunge the company into a leadership crisis". In a two-page letter to shareholders, to be sent this
    661 words
  • Article
    Japanese economy poised for upturn: BOJ survey
    494 1  -  From Anthony Rowley in TOKYO THE Bank of Japan's latest tankan or quarterly survey of business prospects published yesterday suggests that Japan's economy has finally bottomed out after 38 months of recession. The recovery, however, will be modest and protracted. Despite the relatively
    494 words
  • Article
    Lock icon Beijing denies rumours that Deng is ill or dead
    156 1 AFP BEIJING Chinese paramount leader Deng Xiaoping, who turns 90 in August, is "in good health", a foreign ministry spokesman said yesterday. Rumours running through the Hongkong stock market yesterday said the patriarch had died or was critically ill, setting off
    AFP  -  156 words
  • Article
    Mahathir's poll remark lifts KL stock market
    194 1 SINGAPORE Malaysian stocks came alive yesterday, as investors starved for marketmoving news pounced on comments made by Prime Minister Mahathir Mohamad regarding a possible general election. In active trading, the Kuala Lumpur Composite Index shot up 35.26 points or 3.59 per cent to
    194 words
  • 2am LATEST
    • Article
      Dow up 20 points
      65 1 NEW YORK Wall Street stocks rallied yesterday, boosted by the government's report that producer prices inched lower in May. At Ipm EDT, in the broader market, advancing issues led declines 10-7 on light volume of 137 million shares on the New York Stock Exchange. At 2pm
      65 words
    • Article
      Lock icon Call for study on WTO impact on US trade law
      60 1 Reuter WASHINGTON US House deputy Republican leader representative Newt Gingrich called for an independent study into the effects the new World Trade Organisation (WTO) will have on US trade law and hinted that Republican support for the General Agreement on
      Reuter  -  60 words
    • Article
      Lock icon Bell Atlantic wins office space case
      70 1 Reuter NEW YORK Hell Atlantic Corp said yesterday it won a victory when the US Court of Appeals in Washington, DC, ruled that the US Federal Communications Commission does not have the authority to order the company to provide space in its central offices
      Reuter  -  70 words
  • Article
    MARKET SUMMARY
    163 1 Stock market indices Friday Change STII 2,284.13 +1.79 KLSEComp 1,016.98 +35.26 Nikkei 21,395.18 -7.6 Hang Seng 9,111.16 -79.48 SET Index 1,383.41 -3.99 Jakarta Comp 483.05 -1.85 CLSA China B ....1,075.68 -18.32 Aust All Ord 2.069.4 -7.3 FTSE 100 3,055.90 +27 Friday Previous 2pm dose Dow Jones 3,773.14 3,753.14
    163 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article
      Rich pickings for the next mobile phone licensee
      397 2  -  By Genevieve Cue THE OPERATION of a public cellular telephone service currently generates an annual revenue of $300 million, and has grown at an annual compounded rate of 76 per cent between 1989 and 1993. This is just a glimpse of what
      397 words
    • Article, Illustration
      Expansion of SMEs abroad vital to S'pore's future: TDB official
      294 2 SMALL and medium-sized enterprises (SMEs) which expand abroad "will make the difference for Singapore's economic future", the Trade Development Board's Deputy Chief Executive David Chin said yesterday. Speaking at the 1994 Rota-ry-Asme Entrepreneur Awards presentation yesterday, Mr Chin said SMEs
      294 words
    • Article
      Newsvendors not allowed to charge delivery fees: SPH
      252 2 SINGAPORE Press Holdings (SPH) does not allow delivery fees to be charged by newsvendors and will continue to hold discussions with newsvendor associations to stem this practice. SPH said in a statement yesterday that its policy was to ensure that its newspapers
      252 words
    • NEWS ROUNDUP
      • Article
        S'pore invests US$544m in Vietnam
        57 2 SINGAPORE has invested US$544 million (SSBI6 million) in 62 projects in Vietnam to date, according to Vietnam's State Committee for Cooperation and Investments. This makes Singapore the biggest Asean investor in Vietnam, Singapore Broadcasting Corporation reported yesterday. Vietnam has attracted US$B billion worth of investments
        57 words
      • Article
        S'porean charged in Bangkok
        82 2 THAI AUTHORITIES have charged a Singapore man and a Thai with trafficking in stolen credit cards. In a despatch from Bangkok, AFP quoted a Thai police statement as saying that Fong Swee Weng, 29, was arrested on Thursday night after undercover officers tried to buy a
        82 words
      • Article
        Nigerian gets death for having drugs
        53 2 THE High Court yesterday sentenced a Nigerian to death for possession of 7.578 kg of heroin. Sabinus Nkem Okpebie was arrested in the transit area at Changi Airport last September after police found heroin hidden in his luggage. He had arrived from Jakarta en
        53 words
      • Article
        Celebrating Youth Day
        83 2 THE People's Association Youth Movement and the National University of Singapore Student's Union will jointly organise a project to celebrate Youth Day, which falls on July 3, the PA said yesterday. The "Youth Time" project will also raise funds for the National Kidney Foundation. The main activities
        83 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      259 2 Publishers In conjunction Ua}J «ith ncl EDINBURGH FINANCIAL The Estimate Directory Financial Training PUBLISHIING ANNOUNCE TWO INTENSIVE FINANCIAL TRAINING COURSES Introckjction to Private Banking Fixed Income Securities A Equities Introduction to Pro/ect Finance Financial Mathematics Profile of Likely Asian Private Banking Customers Alternate Overview *IRR* Discounted Cashflow Structuring a Pro/ect
      259 words
    • Advertisement
      Page 2 Advertisements Column 2
      35 2 mfimmm&* s?>i «sss£ £$SS& 17>f nc^ds if* r 'V^^:V*~f< r,' i CJ" J iis>%*-^** rf B!Ss ssv#Jlpilw/ LOOKING DEEPER A probe into current market developments. Hock Lock Siew. Everyday. SINGAPORE Business Times mm mam Jim
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      125 2 reversi canoe (5) 5 pQt plant (5) YESTERDAY'S SOLUTION 16 Sod of a driver... (5) 1 Powerful binding (9) 18 ...terribly car-sick, we gag! 2 Shrub throwing shadow (9) nnr ml i Mmßii MVtSIMMISI i over coppice (7) 19 Mount disappointing in I n^WolukliiWlffif 3 Cervid on its back in
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    • Miscellaneous
      Page 2 Miscellaneous Column 2
      208 2 WEATHER "vHI sl«gH>rr Showers over a few areas in the afternoon. (Temperature range: 26-33). Ol«i PirWl M/U* Cart. tarapa M/la* Can*. BuenxtoH 13/04 CM AucMand 18/12 OouOf Amsterdam 16*07 Cloudy CKc*o IJ/OS Oem Ban*ok 30/25 Cloudy AWan* 29/14 CMr MonohAi 31/24 CM* Bevnt 32/20 dear Bertn 14/11 Cloudy HouMon 26/15
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  • THE REGION
    • Article
      CIM to launch 24-hour Chinese satellite news by year-end
      436 3  -  By Schutz Lee SINGAPORE Hongkong's CIM group, owner of the influential daily Ming Pao newspaper, is in the final stages of launching the world's first 24-hour Chineselanguage satellite news service. The service is expected to be launched by the end of
      436 words
    • Article
      Lock icon Keating warns rich nations against use of pay rates as trade tool
      335 3 Reuter BRUSSELS Australian Prime Minister Paul Keating, working to expand trade links with Asia, warned on Thursday against rich countries trying to use low pay rates in some of their trading partners as an excuse for protectionism. "Disparate
      Reuter  -  335 words
    • Article, Illustration
      Lock icon Indian PM defends market reforms at party meeting
      465 3 AFP NEW DELHI Indian Prime Minister PV Narasimha Rao yesterday defended radical free-market reforms which have drawn muted criticism from party colleagues for their departure from decades of socialist rhetoric. Mr Rao told the opening of a two-day session of his Congress
      AFP; Reuter  -  465 words
    • Article
      Lock icon Deng's daughter wins damages for book piracy
      353 3 Bloomberg Business News, Reuter BEIJING In a high-profile victory for China's infant copyright law, the daughter of senior leader Deng Xiaoping has won damages against pirates of her book My Father, Deng Xiaoping. A court in the north-eastern city of Yantai ordered the
      Bloomberg Business News,; Reuter  -  353 words
    • Article
      Lock icon Qian Qichen to quit foreign post: report
      216 3 AFP HONGKONG Chinese Foreign Minister Qian Qichen is likely to resign from his post next year in a foreign ministry revamp, the Sing Tao daily said in a news report published yesterday. The independent Hong-kong-based newspaper quoted a reliable source in Beijing as
      AFP  -  216 words
    • Article
      HK govt heads off charges of inciting insider trading
      526 3  -  From Lim Soon Neo in HONGKONG THE Hongkong government yesterday tried to head off allegations of inciting insider trading on the futures market after revelations that it gave a select group of stock analysts and property agents a sneak preview of
      526 words
    • NOTE BOOK
      • Article
        Lock icon Accord on separatist movements
        97 3 Reuter MANILA Ten South-cast Asian nations agreed at a secret meeting last month not to interfere in each other's problems with separatist movements, a Philippine official said here yesterday. Jose Almonte, head of the National Intelligence Coordinating Agency, said experts and officials from the six Asean
        Reuter  -  97 words
      • Article, Illustration
        Lock icon Head-turning ideas
        52 3 AFP BEIJING Allowing their ideas to go to their heads, Wang Zheng (left) and He Zhaoxia, students at the Qingdao No 10 Middle School, showed off their skill at the Asian Hairstyling and Make-up Competition here yesterday. The event attracted more than 200 professional hair stylists and make-up
        AFP  -  52 words
      • Article
        Lock icon Tokyo's word on bond issue
        85 3 Bloomberg Business News lOKYO Japanese Finance Minister Hirohisa Fujii said yesterday that his ministry will try not to issue bonds to cover tax revenue shortages expected as a result of the planned cut in personal income taxes. He said the government will come up with
        Bloomberg Business News  -  85 words
      • Article
        Lock icon Boost for 13 Myanmar private banks
        72 3 AFP YANGON Thirteen private banks in Myanmar have been licensed to begin currency exchange operations under new banking laws aimed at promoting private sector growth, the official AW Light of Myanmar newspaper said yesterday. Finance Minister Brigadier General Win Tin was quoted as saying
        AFP  -  72 words
      • Article
        Lock icon Cambodia announces new tariffs
        52 3 Reuter PHNOM PENH Cambodian Finance Minister Sam Rainsy said yesterday that import tarifTs will be applied on a number of items from July 1. The tarifTs will apply to raw materials, fabrics, alcohol, tobacco, food, and machine parts and will range from 7 to 50 per
        Reuter  -  52 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      174 3 A Celebration of our 15th Anniversary. Catch a glimpse of these antique timepieces before they go under the hammer soon. Even now, limepieces as precious as Philippe, Audemars Piguet, Vacheron these continue to enthrall. And so it is with Constantin, Jaeger LeCoultre, Rolex and The Hour Glass. Universal. Fanned across
      174 words
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  • THE REGION/WORLD
    • Article
      Lock icon US May wholesale prices fall, underlining inflation in check
      441 4 Bloomberg Business News, Reuter, AP WASHINGTON Prices at the wholesale level fell in May for the second month in a row, the US Labour Department said yesterday, reinforcing the view that inflationary pressures remain largely contained. The department said the Producer
      Bloomberg Business News,; Reuter,; AP  -  441 words
    • Article
      Lock icon Pyongyang clashes with IAEA after agency votes to suspend aid
      313 4 AP, Reuter VIENNA North Korea and the United Nations nuclear safeguards agency traded their first hostile blows yesterday as the international crisis over Pyongyang's suspected nuclear bomb intensified. The International Atomic Energy Agency (lAEA) voted to suspend technical aid to
      AP,; Reuter  -  313 words
    • Article
      Lock icon China rapped for testing nuclear device amid tensions over N Korea
      257 4 Reuter BEIJING China tested an underground nuclear device yesterday despite tensions through East Asia caused by fear that North Korea might soon be able to do so. Diplomats said the timing of the Chinese test might complicate the debate
      Reuter  -  257 words
    • Article
      Lock icon Commercial Union buys French insurers for £1.4b
      380 4 Bloomberg Business News LONDON Britain's Commercial Union pic said yesterday that it will buy the bulk of Cie de Suez S/Vs French insurance unit for £1.46 billion (553.3 billion) in an aggressive expansion into continental European insurance. Commercial Union, a leading British life
      Bloomberg Business News  -  380 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1773 4 CttI Flw ETA nw ETD_ Crtj FW jg W ETD Amman RJ187 0130 MI931 2035 MI932 0920 Amsterdam SQ25 0630 KL844 0035 Hanoi VN741 1310 SQI76 1130 KL831 0935 KL838 2300 SQ175 1855 VN740 1410 SQ 324 2345 Hatyai Mi895 2300 MI896 1920 A""* 1 il?5
      1,773 words
    • Article, Illustration
      Lock icon Diving for food
      45 4 Reuter BUDAPEST Some people will go to any lengths to get attention. This man plummeted from a building here yesterday as part of a publicity stunt to promote a new pizzeria. Gabor Pirach landed on an inflated bag and was unhurt. Reuter
      Reuter  -  45 words
    • Article
      Lock icon Seoul unveils new measures to woo foreign investments
      382 4 AP SEOUL South Korea yesterday announced new initiatives to boost foreign investment, including a wider opening of the domestic market and a packagc of incentives for importing high technologies. "We plan to make South Korea one of the least cumbersome countries for
      AP  -  382 words
    • Article
      Lock icon Australia housing industry plans to tap Asian markets
      357 4 Reuter CANBERRA Australia, trying to integrate as much as possible of its economy with Asia, wants to make its housing industry a source of regional exports. Deputy Prime Minister Brian Howe said yesterday. The government is banking on the notion that as
      Reuter  -  357 words
    • Article, Illustration
      Lock icon Troubled Balsam files for bankruptcy
      355 4 Reuter, AFP. Bloomberg Business News FRANKFURT Germany's Balsam AG, the sports surfacing company at the centre of a massive fraud investigation, filed for bankruptcy yesterday, a German court official said. The entire four-member board of Balsam was arrested on suspicion of fraud earlier this week.
      Reuter,; AFP.; Bloomberg Business News  -  355 words
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  • THE WORLD
    • Article
      Lock icon US should focus more on Europe, not Asia: study
      633 5 NYT WASHINGTON At every opportunity the Clinton team has described the Asia-Pacific region as the nation's most lucrative economic frontier. But a new study published on Thursday challenges that thesis, by amassing trade data that suggest that Europe remains America's most
      NYT  -  633 words
    • Article
      Lock icon PC sales in US down, shares in electronic equipment firms plunge
      549 5 Reuter CHICAGO Jitters about slower personal computer sales mounted on Thursday as shares in companies selling electronic equipment and office supplies fell sharply. The selling was fed by a report on personal computer sales at the retail level by
      Reuter  -  549 words
    • Article
      Lock icon Russian decree allows foreign banks access, more competition seen
      451 5 Reuter MOSCOW President Boris Yeltsin yesterday signed a decree allowing gradual access for foreign banks and predicted more competition on Russia's banking market. "There must be gradual, cautious involvement of foreign banks in our commercial and financial life," he told a
      Reuter  -  451 words
    • Article
      Lock icon US and EU teams discuss wide range of trade issues
      321 5 Reuter BRUSSELS Senior US and European Commission officials on Thursday held trade talks on issues ranging from conditions for China's re-entry to Gatt to bilateral concerns about aircraft subsidies and Customs tariffs. "It was a productive meeting," said one US
      Reuter  -  321 words
    • Article, Illustration
      Lock icon Two UK Labour stalwarts take on Blair in battle for party leadership
      409 5 Reuter LONDON Two leading left-wingers put themselves forward yesterday to lead Britain's Labour Party, but they face an uphill battle against favourite Tony Blair, a telegenic and voter-friendly moderniser. Margaret Beckett, the deputy leader who took over the
      Reuter  -  409 words
    • Article, Illustration
      Lock icon German interest rates must fall further, says minister
      383 5 Bloomberg Business News FRANKFURT Economics Minister Guenter Rexrodt said German interest rates, despite being near historic lows, will have to fall further. "We are close to a historic low and I think there is more space for reductions if we can continue
      Bloomberg Business News  -  383 words
    • WORLD WATCH
      • Article
        Lock icon Spielberg in educational software deal
        90 5 AP LOS ANGELES Oscar-winning director Steven Spielberg is to help develop educational computer software for children. The creator of films like Schindler's List and Jurassic Park will collaborate with US firm Knowledge Adventure Inc on the projects and make an equity investment in the company
        AP  -  90 words
      • Article, Illustration
        Lock icon Notes on spokes
        35 5 AFP LONDON A member of the Royal Philharmonic Orchestra serenading a driver yesterday to mark the start of Britain's National Bike Week. Many members of the orchestra regularly cycle to work. AFP
        AFP  -  35 words
      • Article
        Lock icon France Telecom in Japan link-up
        75 5 Bloomberg Business News PARIS France Telecom, the state-owned telecommunications company, said it has joined 19 Japanese partners to start a multimedia information services company in Japan. Initially funded at just 155 million yen (SS2.I million) for the planning stage, the company will become a full-fledged
        Bloomberg Business News  -  75 words
    • Article
      Lock icon FBI and Justice Dept at odds over Espy probe
      279 5 Los Angeles Times WASHINGTON The FBI and the Justice Department are on a collision course over whether to curtail a politically sensitive investigation into allegations that Agriculture Secretary Mike Espy accepted personal favours from the Arkansas-based poultry processing giant Tyson Foods,
      Los Angeles Times  -  279 words
    • Article
      Lock icon IMF mulls over bigger loans for poor states, former Soviet bloc
      302 5 Reuter WASHINGTON The IMF is mulling over opening up its coffers to larger loans in a move that may free up tens of billions of dollars for developing nations and the former Soviet bloc, international monetary sources said on
      Reuter  -  302 words
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  • COMPANIES & MARKETS
    • Article
      Datacraft's November listing to fund regional expansion
      567 6  -  By Peter Osborne SINGAPORE Australian telecommunications equipment supplier Datacraft Australia Ltd will float 25 per cent of its Asian subsidiary, Datacraft Asia, on the Singapore Stock Exchange in November, following expansion in India and China. Speaking by phone from Bombay, Datacraft Asia's managing
      567 words
    • Article
      SBS sets up firm for overseas investments
      257 6 SINGAPORE Bus operator Singapore Bus Service (1978) Ltd has formed a wholly owned subsidiary to be the holding company for its investments in overseas projects. The incorporation of SBS International Holdings Ptc Ltd is in line with the company's regionalisation efforts. In March.
      257 words
    • Article
      Jack Chia-MPH makes bid for Players unconditional
      218 6 SINGAPORE Jack ChiaMPH yesterday announced a revised bid for listed Australian biscuit company Players. JC-MPH proposed last month to buy all of Players' shares for A 50.85 each, conditional on acceptances of more than 50 per cent. It has now made its bid
      218 words
    • Article
      Keppel Bank to open 15th outlet today, plans five more
      218 6 SINGAPORE Fast-expand-ing Keppel Bank will open its 15th outlet today, with plans for five more branches here in the next one or two years. Announcing this in a brief statement yesterday, Victor Ow, the bank's senior vicepresident for consumer services
      218 words
    • Article
      Lock icon Speculators push up Idris shares 10pc in heavy trade
      200 6 Reuter SINGAPORE A Malaysian stock traded over the counter here, Idris Hydraulic (Malaysia) Bhd, soared more than 10 per cent yesterday afternoon in heavy trade. By 0852 GMT, Idris shares had risen 31 Singapore cents to 552.78. More than 22 million
      Reuter  -  200 words
    • Article, Illustration
      Lock icon KL market may be resuming its climb, with or without a general election
      804 6  -  HOCK LOCK SIEW By Amy Balan SINGAPORE Has light suddenly appeared at the end of the tunnel? Is the Malaysian bourse the world's best performing market last year now back on the growth path? Many will be
      Source: Bloomberg  -  804 words
    • Article
      SSL awards $92m Myanmar hotel contract to Mitsui Construction
      206 6 SINGAPORE The Straits Steamship Land group has awarded a job worth about $92 million to Japanese contractor Mitsui Construction to build a luxury hotel in Yangon. Myanmar. Mitsui is believed to have received the letter of intent yesterday from Straits Greenfield
      206 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        19 6 For next week's expected market sentiment, see BF Sentiment Index on EL 4 (Personal Finance Investment section)
        19 words
      • Article, Illustration
        HOT STOCK
        132 6  -  By Quak Hiang Whai Granite Industries, traded on KLSE, is in a recovery phase, having tested the support at Ms 4. Those who believe in moving averages would probably be encouraged by the impending crossover of the five and 15-day moving averages which could see the stock breach
        132 words
    • COMPANIES
      • Article
        MHS revises plan to buy 32pc stake in M'sia Airlines
        611 7  -  From Ho Kay Tat in KUALA LUMPUR AS WIDELY expected, Malaysian Helicopter Services Bhd (MHS) has to revise its plan to buy a controlling 32 per cent stake in Malaysia Airlines (MAS) for M$ 1.792 billion (SS 1.057 billion) via
        611 words
      • Article, Illustration
        Lock icon Figuring it out
        64 7 AFP HONGKONG A local trader checking the Hongkong stock exchange's records at the end of the afternoon session yesterday. The market dropped 0.86 per cent in mixed trading sparked by rumours that China's paramount leader Deng Xiaoping was either dead or critically ill, brokers said. The blue-chip
        AFP  -  64 words
      • Article
        EON eyes KLSE listing for banking unit to satisfy law
        409 7 KUALA LUMPUR EON Bank Bhd, a subsidiary of Edaran Otomobil Nasional (EON), is considering seeking listing on the Kuala Lumpur Stock Exchange after 1995. Chairman Rin Kei Mei said EON Bank's flotation "at an opportune time" would allow EON eventually
        409 words
      • Article
        Lock icon Sedap Food to buy Tahwa for M$28m
        212 7 Bernama KUALA LUMPUR Sedap Food Confectionery Bhd and its 70 per cent subsidiary, Penang Shipbuilding Corporation Sdn Bhd (PSC), are to buy Tahwa Holdings Sdn Bhd for Ms2B million (5516.5 million) in cash. The company is also proposing a one-for-one rights issue with
        Bernama  -  212 words
      • Article
        Fate of Granite's slot venture in China uncertain
        410 7  -  From Ho Kay Tat in KUALA LUMPUR CONFUSION still reigned last night over the fate of Granite Industries Bhd's slot machines venture in China despite a company statement yesterday that the entertainment centre in Harbin city was closed only for refurbishment and
        410 words
      • Article
        Lock icon BHP set to expand overseas, sell Foster's stake: Moody's
        171 7 Bloomberg Business News MELBOURNE Broken Hill Proprietary, Australia's largest listed company and a leading global resources producer, is likely to change its corporate profile in coming years through expansion offshore and exploration, Moody's Investors Service says in a report on the
        Bloomberg Business News  -  171 words
      • Article
        Lock icon More Chinese firms get nod to issue ADRs
        264 7 Reuter SHANGHAI China announced yesterday that the New York Stock Exchange has approved applications by a second group of Chinese companies to issue American Depositary Receipts (ADRs). Foreign brokers said the timing and marketing will be crucial to their success. The Shanghai
        Reuter  -  264 words
      • Article
        Lock icon MBf eyes expansion as financial services market buoys profits
        300 7 Bernama KUALA LUMPUR MBf Holdings Bhd will continue to focus on expanding its Malaysian businesses and spread its operations to the fast-growing Asia-Pacific region, its chairman said. Abdullah Abdul Rahman says in the company's latest annual report that 1994 would be
        Bernama  -  300 words
      • COMPANY BRIEFS
        • Article
          Pan Pacific buys stake in Sama
          48 7 SINGAPORE Pan Pacific Public Co said yesterday it has entered into an agreement with its subsidiary Pan Pacific Paper Industries to acquire 284,000 $1 shares in Sama Trading for $410,000. With this investment, Sama Trading will become a wholly-owned subsidiary of PPP.
          48 words
        • Article
          Chemical Industries director retires
          20 7 SINGAPORE Chemical Industries (Far East) said Tan Keng Siong retired yesterday from its board of directors.
          20 words
        • Article
          Orchard Parade denies reports
          65 7 SINGAPORE Orchard Parade Holdings has issued a statement to the stock exchange denying media reports that an "undisclosed entertainment and property company" in which it may invest is part of the Wywy Group. It said that because negotiations had not been completed, it would not be
          65 words
        • Article
          Hai Sun Hup gets new vehicle
          53 7 SINGAPORE Hai Sun Hup has acquired the entire capital of HSH Contractors, which will be used as a vehicle for new activities which HSH may undertake. HSH Contractors has authorised share capital of $SOO,OOO and existing issued and paid-up share capital of $2. It
          53 words
        • Article
          DBS Land reminder on warrants
          48 7 SINGAPORE DBS Land yesterday reminded holders of its Warrants 1994 that the last day for trading them will be July 8. Trading will be suspended on July 11 and the warrants will cease to be listed on the stock exchange after July 20.
          48 words
        • Article
          Lock icon L&G to invest M$360m in new plants
          67 7 Bernama KUALA LUMPUR Land and General Bhd will invest about MS36O million (SS2I2 million) in the construction and expansion of its polyvinyl chloride (PVC) and vinyl chloride monomer (VCM) plants in Kerteh, Terengganu, group managing director Abdul Karim Ahmad Tarmizi said yesterday. He
          Bernama  -  67 words
        • Article
          Lock icon IGB Corp plans China foray
          89 7 The Star KUALA LUMPUR IGB Corp Bhd. having ventured into hotels in Vietnam, is planning to expand to China. "We foresee ourselves being involved in hotel and office space development projects in China with our sister company Lee Hing Development Ltd of Hongkong," said IGB
          The Star  -  89 words
      • Article
        Lock icon Bank Bumi posts over 50pc increase in group pre-tax profit
        268 7 MBT KUALA LUMPUR Bank Bumiputra Malaysia Bhd (BBMB) has posted an increase of more than 50 per cent in its group pre-tax profit for the year ended March 31 1994, from M 580.61 million (5547.5 million) in the previous year.
        MBT  -  268 words
      • Article
        Untitled
        477 7 MaMf**' prion <$) Jun 11 13 UMB Invest Mgt Ltd ii-u Tm.»i Unifund 1.45 1.51 xngapore unn irusi umbond+ 103 1.055 The Commerce 1.64 l.74*d United Gr fund' 1.67 1.74 The Savings Fund 1.53 1.62 Untied Asa Fund 1.67 1.77* S pore Prog Fund 0.69 0.73 Spore Set Fund 103
        477 words
      • COMPANY BRIEFS
        • Article
          Lock icon Shanghai brokers to get training
          98 8 AFP SHANGHAI The Shanghai Securities Exchange (SSE) is to set up an institute to train brokers, analysts and managers in a bid to improve professional standards on China's fledgling financial markets. The Shanghai Futures and Securities Institute is to open in the autumn under an
          AFP  -  98 words
        • Article
          Lock icon McDonald's sees another banner year
          94 8 Reuter CHICAGO McDonald's Corp continues to expect another record year in 1994, said vice-chairman and chief financial officer Jack Greenberg. The Oak Brook, Illinois-based fast food giant posted net earnings of US$2.9l a share in 1993 on sales of US$7.4 billion. Mr Greenberg said the
          Reuter  -  94 words
        • Article
          Lock icon MIM places out 140m new shares
          99 8 Bloomberg Business News BRISBANE Giant Australian base metal producer MIM Holdings Ltd has sold 140 million new shares to institutions for about As4oo million (*****.24 million). The placement of the new shares, equivalent to just below 10 per cent of MlM's existing share capital,
          Bloomberg Business News  -  99 words
        • Article
          Lock icon HK's Nan Fung wins land bid
          99 8 Bloomberg Business News HONGKONG Nan Fung Development, a privately-owned real estate and textile company, has acquired the former site of the Nethersole Hospital in the Mid-Levels area of Hongkong. Real estate broker Brooke Hillier Parker said the site was bought from The Council for
          Bloomberg Business News  -  99 words
        • Article
          Lock icon Time buys Japanese publisher
          127 8 AP TOKYO Publisher Time Inc yesterday said it has bought complete ownership of President Inc, which publishes a major Japanese monthly business magazine with the same name. Time did not release the terms of the purchase from Diamond Inc, but said in a statement it would
          AP  -  127 words
      • Article
        Taiwan tile maker offers global depositary shares in S'pore
        388 8  -  By Peter Osborne SINGAPORE One of Taiwan's three largest ceramic tile manufacturers, Sinyih Ceramic Co, yesterday introduced to Singapore investors an offering of global depositary shares which will be listed on the Luxembourg Stock Exchange next month. Sinyih, which has a
        388 words
      • Article
        Lock icon British Land doubles profit, property values soar
        298 8 Reuter LONDON The British Land Co pic, the commercial property group which has teamed up with billionaire investor George Soros, reported doubled profits on Thursday and said the value of its office and retail properties had soared. It also offered some hope to
        Reuter  -  298 words
      • Article
        Lock icon PepsiCo expects 2nd qtr earnings to remain steady
        466 8 Bloomberg Business News NEW YORK PepsiCo Inc took the fizz out of soft-drink stocks on Thursday as it warned that second-quarter earnings would be about the same as a year ago. Several analysts cut their ratings on PepsiCo's stock after it forecast
        Bloomberg Business News  -  466 words
      • Article
        Lock icon Ties with Rover returning to normal: Honda chief
        280 8 Reuter TOKYO Honda Motor Co Ltd president Nobuhiko Kawamoto said his company's new agreements with the Rover Group put their business deals basically back where they were before Bayerische MotorenWerke's (BMW) takeover of the British car-maker in February. "Once the signing takes
        Reuter  -  280 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        504 8 Veiset toy No Berth Arrival Departure Vmel Vey No Berth Anted Departure Jurong Port Ummn* 24A PO; 11 06, 0500 k*ki fJSa a *x*5« 11.06/0/00 Mkan 4 POM 1006/2330 12 0*/ 1800 Satan Bn B328 J1 ***sxfc 11 06/2300 At Us 9413S P04 10.06/2200 11 06,0600 On*
        504 words
      • Article
        CONTAINER SCHEDULES
        1568 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rstts Ship Voy No Etb/Btr Period From To From Aci 0m «3A 11/1500 1A 10/IMP 10/1668 10/HOP At. l*t» 190* 12/0500 IB 10/1500 10/ISM 10/1900 20 10/IAN 11/0659 11/0900 4
        1,568 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon China expected to tighten control over futures industry
        536 9 Reuter BEIJING New government regulations aimed at bringing order to China's chaotic futures industry will block many existing brokerages from trading on overseas markets, official sources said yesterday. The sources, who asked not to be named, said the regulations from the State
        Reuter  -  536 words
      • Article
        Lock icon Vietnam to scrap some controls on banks
        188 9 AFP HANOI Vietnam plans to give greater freedom for commercial banks to set their own interest rates on deposits and limits on lending, according to a report yesterday. Central bank deputy governor Nguyen Ngoc Oanh said the government was planning to liberalise financial
        AFP  -  188 words
      • Article, Illustration
        Lock icon Dollars for rupees
        42 9 Reuter KARACHI Pakistani money changers in the open market selling dollars on Thursday after the government's announcement in the 1994/95 Budget that the rupee will become fully convertible from July 1. Dollar buyers outnumbered sellers after the Budget. Reuter
        Reuter  -  42 words
      • Article
        Lock icon M'sian money supply rises sharply in Jan-March
        321 9 Knight-Ridder KUALA LUMPUR Malaysia's money supply rose sharply in January-March, with annual growth in M 3 accelerating to 29.2 per cent at end-March from 23.5 per cent at end-De-cember, Bank Negara said in a statement yesterday. It said annual growth in M 2
        Knight-Ridder  -  321 words
      • Article
        Lock icon US bankers accused of fleecing clients on rates
        486 9 Reutcr WASHINGTON American bankers were hauled over the coals on Thursday, accused by consumers and a House lawmaker of jacking up loan rates while keeping a lid on rates paid to depositors since the Federal Reserve tightened its grip on credit. But
        Reutcr  -  486 words
      • Article
        Lock icon Bangkok Bank raises lending rates
        155 9 Bloomberg Business News BANGKOK Bangkok Bank pic, Thailand's largest commercial bank, said it is raising its prime lending rates by half a percentage point, to 11 per cent, effective yesterday. The bank is also increasing its fixed deposit rates. Three and six-month deposits are increasing
        Bloomberg Business News  -  155 words
      • Article
        Lock icon Kenyan central bank used Banque Indosuez account for forex fraud
        363 9 FT LONDON A UK subsidiary of Banque Indosuez, the Paris-based merchant bank, last year created an account for a fictitious US$lOO million (SSIS3 million) deposit for the Central Bank of Kenya (CBK) which was used by the CBK to conceal
        FT  -  363 words
      • SMALL CHANGE
        • Article
          Lock icon Philips gets US$2.5b credit
          78 9 Bloomberg Business News AMSTERDAM Philips Electronics NV said it received a US$2.5 billion (SS3.B billion) revolving stand-by facility, the largest ever for a Dutch borrower. The Eindhoven-based company said the facility has a maturity of five years and allows for multi-currency drawings. Under the facility. Philips
          Bloomberg Business News  -  78 words
        • Article
          Lock icon UK rate changes should be announced
          94 9 Bloomberg Business News LONDON UK interest rate changes should be announced rather than being signaled in daily money market operations, the Bank of England said yesterday. "We could easily envisage a world where policy signalling was achieved not through open market operations, but by
          Bloomberg Business News  -  94 words
        • Article
          Lock icon Dong to be sole means of payment
          114 9 Bloomberg Business News HANOI Vietnam government ministers said they want the national currency, the dong, to be the sole means of payment in the country. The dong is currently non-convertible on international foreign exchanges and the US dollar is rapidly becoming an accepted
          Bloomberg Business News  -  114 words
        • Article
          Lock icon HK branch status for Bankers Trust
          83 9 Reuter HONGKONG Bankers Trust Australia Ltd, a wholly-owned subsidiary of Bankers Trust New York Corp, said it has been authorised as a restricted licensed bank by the Hongkong Monetary Authority. John Laws, chief executive officer for Bankers Trust Australia in Hongkong, said the licence,
          Reuter  -  83 words
      • Article
        Societe Generale note offers capital guarantee
        280 9  -  By R Sivanithy SINGAPORE Societe Generale, the biggest privately owned bank in France, is about to issue a five-year note with a difference the bank will guarantee the initial capital outlay and note holders will earn returns from a futures fund. The Astaris Euro
        280 words
      • Article
        Lock icon Traders see crude oil prices rising on China purchases
        512 10 Reuter SINGAPORE Asian crudeoil prices are expected to become volatile in coming weeks as some Chinese oil concerns resume buying after several months of import restrictions, traders said on Thursday. Heavy, low-sulphur Indonesian crudes, preferred by the Chinese, are most likely
        Reuter  -  512 words
      • Article, Illustration
        Lock icon Vietnam takes a gamble with US$500m power project
        517 10 AFP HANOI If it works, Vietnamese Prime Minister Vo Van Kiet will take a lot of the credit for having gambled and prevailed. If not, many here will be ready to say they told him so. Vietnam's 500-kilovolt power line, the first
        AFP  -  517 words
      • Article
        Lock icon Philippines may end dollar credit for oil firms
        186 10 Reuter MANILA The Philippines may eliminate over six months the current 180-day period when oil companies do not have to buy dollars to pay for their crude oil purchases. Finance Undersecretary Romeo Bernardo told reporters yesterday. It is also considering granting incentives
        Reuter  -  186 words
      • Article, Illustration
        Possible short-term correction for US$
        514 10 DBS weekly currency review US$/DM: Downside correction expected THE greenback breached resistance at 1.6595 on June 3, and rallied to a high of 1.6710 before closing last 'week at 1.6700. This week saw the unit consolidate between 1.6635 and 1.6760 for the first four days,
        514 words
      • Article
        Lock icon Indon-NZ joint venture to set up copper smelter plant
        175 10 AFP JAKARTA An IndonesianNew Zealand joint venture, PT Copper Smelter Indonesia (CSI), is to set up a USS64B million (SSI billion) eopper smelter plant, a news report said here yesterday. CSI chief commissioner Arman Nasution was quoted by the Jakarta Post
        AFP  -  175 words
      • Article
        Lock icon Aluminium price hits 3-year high as speculators move in
        255 10 Reuter LONDON Aluminium traded at USS 1.400 a tonne in active London Metal Exchange trading, the highest level for just over three years, and up USS 13 from Thursday. Dealers said aluminium pushed up strongly from an early low of USS
        Reuter  -  255 words
      • Article
        Lock icon CURRENCY REPORTS — London
        179 10 CURRENCY REPORTS London Bloomberg Business News LONDON The dollar weakened against the deutschc mark and yen here yesterday as traders sold US bonds on fresh concern about accelerating inflation. The US Labour Department reported a bigger-than-ex-pccted 0.4 per cent rise in its core producer price index for Mav, excluding volatile
        Bloomberg Business News  -  179 words
      • Article
        Crude oil futures prices lifted by supply concerns
        159 10 Bloomberg ENERGY REPORT LONDON Crude oil futures prices maintained a stronger tone yesterday as traders expressed renewed apprehension about the possibility of insufficient supplies in the Midwest to meet Nymex futures contracts, brokers said. As a result traders have pushed West Texas
        159 words
      • Article
        Lock icon New York
        90 10 Reuter NEW YORK Pressure on US Treasury prices and stoploss selling took the dollar lower against most major currencies at US midday yesterday. Many dealers were said to be paring long-dollar positions after the US currency's lacklustre performance this week. The dollar stood lower at midday at 1.6653/63
        Reuter  -  90 words
      • Article, Illustration
        Untitled
        1494 10 limk x nihil fated axamst S'pore'i lap 14 Irnt/ing purtnrry Ba\e irn 19&5 US$/S$ forward rates Noon June 10 s$~ Bid Offer 1-month I $326 I 5341 2-month 1 5322 I 5337 3-month I 5317 1.5332 6-month ***** 1-5318 Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sam on Jum
        1,494 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures up after business report
        1310 11 SIMEX REPORT Reuter SINGAPORE Simcx Euroyen futures ended higher after the release of the May tankan business report yesterday. Dealers said the report, which showed that the Japanese economic recovery was on track, was largely within market expectations. "People are just covering their short
        Reuter  -  1,310 words
      • Article
        KL tin steady despite lower LME
        625 11 COMMODITY REPORTS Tin TIN closed steady at Thursday's M$ 14.35 a kg on European demand after buyers and sellers decided to close deals at the opening. Traders despite a lower close in London, the local market held steady on buying interest from Europeans who
        625 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          India won't divert raw sugar import
          113 11 NEW DELHI The Indian government has rejected a request from the sugar industry that it be allowed to divert raw sugar, which the industry had imported for tolling, for domestic consumption, a industry' official said. Tolling involves importing raw sugar, processing it into refined
          113 words
        • Article
          Aussie record sugar output expected
          81 11 SYDNEY Australia's sugar cane harvest will start on Tuesday with record high raw sugar production expected from a cane crop estimated at mote than 32 million tonnes. Queensland, which accounts for Australia's entire export production, last year produced a record 4.1 million tonnes (94 net
          81 words
        • Article
          Taiwan's copper premiums ease
          116 11 TOKYO Premiums for delivery of copper cathode to Taiwan are falling as reduced demand has made supplies more available, according to industry sources. Premiums are fees paid by importers over the London Metal Exchange price. Taiwan premiums have sunk to USS7S-80 a tonne for delivery in
          116 words
      • Article
        COMMODITY PRICES
        1344 11 Rubber June 10 Singapore Commodity Exchange Physical Price* (futures closing as at 5.30pni) B-ym sollors As at 12 imoii (S cents/kg) RSS 1 Contract (S ccnts/kg) Ctoe Volume '«'> !SS [Ji'S! H Lo S 1 !£i:oo !iS8 u» 50 0N Sep 160.00 159.00 159.25 50 2525 No AD
        1,344 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1232 12 -7.3 THE Australian stock market closed weaker vesterday in line with a lack of buying support ahead of a long weekend. The All Ordinaries index ended 7.3 points down at 2,069.4, off an earlier high of 2,076.7. "There's no reason for anyone to be out there buying," said Craig
        1,232 words
      • Article
        New Zealand
        252 12 -1.87 New Zealand shares declined, with forestry stocks dominating trade, traders said. Forestry and energy group Fletcher Challenge declined on to the conversion of about 28 million of its convertible notes into ordinary shares. The NZSE Top 40 share index dropped 1.87 points to 2,124.00. Declining stocks outnumbered
        252 words
      • Article
        Manila
        578 12 -2.67 Philippine stock prices marked time in quiet trading yesterday, and the trend is likely to continue next week, analysts said here. The Philippine Stock Exchange composite index dipped 2.67 points to close at 2,988.18. Turnover fell to 1.26 billion shares from 1.36 billion on Thursday although value surged
        578 words
      • Article
        Taipei
        561 12 +52.28 Taiwan share prices closed higher in a rebound after Thursday's plunge, led by electronics shares, but brokers had mixed views on the market's direction. The index rose 52.28 points to 5,994.66, off a 6,009 high, in modest turnover of NT552.87 billion. Brokers saw late buying on electronics to
        561 words
      • Article
        Seoul
        434 12 -6.85 Share prices fell broadly as the continuing worries over the North Korean nuclear issue depressed investors already unsure about the market's direction, brokers said. The composite stock index ended 6.85 points lower at 928.94. While selective gains on construction and bank stocks kept the index slightly higher in
        434 words
      • Article
        Bombay
        54 12 +20.94 Bombay shares ended slightly higher after a strong opening was whittled down by profittaking at mid-session, brokers said. The Bombay Stock Exchange (BSE) 30-share index closed 20.94 points up at a provisional 4,158.64, after retracting from a high of 4,197.61. The 100-share national index closed 23.41 points higher
        54 words
    • WORLD STOCK MARKETS
      • Article
        London
        833 12 +27 UK stocks rose amid speculation that British and US inflation will remain low while the economy and corporate earnings grow. A US Labour Department report that wholesale prices fell 0.1 per cent in May cased concern that US inflation will rise and lead to higher interest rates. The
        833 words
      • Article
        Paris
        142 12 -7.67 French stocks fell as some investors decided a mixed report on US producer prices heralded faster inflation and would lead the US Federal Reserve to raise interest rates. The CAC 40 Index fell 7.67 points to 2,020.72. Preliminary figures released by the French National Statistics Institute yesterday morning
        142 words
      • Article
        Stockholm
        128 12 -3.66 Swedish shares ended the week lower on poor volume as investors reacted cautiously to the decline in bond yields, traders said. The OMX Index of 30 leading stocks closed 3.66 points lower at 1,116.94. Thirteen stocks closed lower, six were unchanged and II rose. Turnover was extremely low
        128 words
      • Article
        Frankfurt
        171 12 +3.76 German stocks followed rising bond prices in a market where there was little sharebuying by investors, traders said. In after-hours trading, the DAX index was at 2,143.32 points, up from 2,133.08 points at the close of official trading. Shares at the official closc were up 3.76 points. Frankfurt
        171 words
      • Article
        Brussels
        145 12 -1.66 Belgian stocks closed down ahead of tomorrow's Euro- pcan Parliament clcctions in which the ruling coalition parties arc expectcd to lose ground, traders said. The Bel2o Index of leading shares closed down 1.66 points at 1,468.88. Traders said a negative result for the Christian Democrat/Socialist alliance would weaken
        145 words
      • Article
        Milan
        157 12 +51 Italian stocks rose in light trading even though insurance stocks fell after they were fined for fixing prices. Traders expect the insurance stocks to rebound next week. The Mibtel index rose 51 points to 12,032. It has hovered between 11,800 and 12,080 all week. The antitrust authority fined
        157 words
      • Article
        Amsterdam
        274 12 1.45 Dutch stocks closed higher after a benign US inflation report boosted bonds, traders said. Stocks were also helped by optimism about earnings prospects for Philips Electronics NV and shipping company Royal Ncdlloyd Group NV. The Amsterdam EOE Index of the 25 most traded stocks closed 1.45 points higher
        274 words
      • Article
        Zurich
        231 12 -13.4 Swiss stocks in the core blue-chip index fell, with the market only briefly reacting to the release of mixed US inflation data, traders said. The Swiss Market Index, or SMI, which tracks the top 21 blue-chip stocks, lost 13.4 points to 2,763.8 points, with 12 stocks falling and
        231 words
      • Article
        Johannesburg
        283 12 +52 Shares closed well up as bullion steadied around US$3B3 an ounce, while lagging industrials improved on selective buying. The overall index added 57 points at 5,643, the industrial index gained 52 points at 6,644 and gold in- dcx ended 23 points up at 2,019. Johannesburg Jan 10 Raad
        283 words
      • Article
        Toronto
        284 12 +6.53 Stocks firmed in quiet trade at noon yesterday as Toronto resisted New York's midday rally. The TSE 300 composite index was up 6.53 points to 4,203.32 in volume of 24.81 million shares valued at C 5295.39 million. Advances led declines 277 to 249 with 272 issues unchanged. On
        284 words
      • Article
        New York
        825 12 +20.31 Wall Street stocks rallied yesterday, boosted by the government's report that producer prices inched lower in May. The blue-chip Dow Jones Industrial Average was up 20.31 points at 3,773.45 at 1 pm EDT. In the broader market, advancing issues led declines 10-7 on light volume of 137
        825 words
      • Article
        Untitled
        534 12 Vienna JH 10 Aicli All l"»50 40 Bank .Mm™ (P| 431 4 (omUolu ">75 -I F tughalen 469 I Lcn/inf I2«7 f 8 Loluia 4)0 J Sieve. P 24» I Sirjhag 177» I J Vcuvkf J6S I Wnnlw) 1770 120 Source: Bank Austria Aktiengesellchaft Nasdaq J hi 9 US$ \dolph
        534 words
    • Article, Illustration
      Lock icon HONGKONG
      2984 13 Bloomberg Business News HONGKONG Stocks dropped yesterday as investors bid down shares on speculation, denied by Beijing, that China will soon announce the death of Deng Xiaoping, traders said. "Some institutional investors conjured up rumours to push down share prices so they could buy stocks cheaply," said K K
      Bloomberg Business News; Source: Bridge Info  -  2,984 words
    • Article, Illustration
      Lock icon CHINA
      536 13 CLSA THE CLSA Shanghai B Index dropped 18.04 points to 814.52 yesterday. Turnover increased by almost three times to US$9.6 million as local investors dumped their holdings into the market. Dazhong was the only stock that gained, rising 2.8 per cent on turnover of U*****,000. Automation Instrumentation was the
      CLSA  -  536 words
    • Article, Illustration
      Lock icon TOKYO
      2538 13 Bloomberg Business News TOKYO Stocks fell on the busiest day of trading in more than a year on a Bank of Japan survey showing companies still plan to cut back on capital spending, suggesting any economic recovery will be a sluggish one. The latest lankan survey of 10,000 corporate
      Bloomberg Business News; Source: Bridge Info  -  2,538 words
    • Article, Illustration
      Lock icon BANGKOK
      1815 13 Bloomberg Business News BANGKOK Thai stocks declined 0.29 per ccnt yesterday on concerns about the stability of the government as an activist on a hunger strike refused to compromise on his demand for a new constitution, analysts said. "People are confused because this political football is going back and
      Bloomberg Business News; Source: Bridge Info  -  1,815 words
    • Article, Illustration
      Lock icon JAKARTA
      1139 13 Bloomberg Business News JAKARTA Indonesian stocks tell as investors sold shares to raise cash for a raft of new public offerings. The benchmark Jakarta Stock Exchange Composite Index, which tracks all stocks, closed down 1.85 points, or 0.6 per cent, at 483.05. Concern about reports of riots in Mcdan
      Bloomberg Business News; Source: Bridge Info  -  1,139 words
    • Article
      CLOB INTERNATIONAL
      2337 14 Idns Hyd 50c 22.962.000 Mulpha Intl 50c 18.956.000 Kcnong Bhd 50c 6.533.000 Landmarks Bhd 5.830.000 Promt* 5.520.000 Lion Hoc TSR97 3.528.000 Kamunting 50c 3.425.000 Asia Hac Ld 3.283.000 FATB 50c 2.767.000 Muhi-Purpose 2.579,000 Kcmayan 50c 2.453.000 KL Industries 2.231.000 Kabcr Group 2.228.000 Idns Hyd 50c 60.774.240 Mulpha Inll
      2,337 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks rise on hope of early general election
        5798 14 Bloomberg Business News KUALA LUMPUR Malaysian slocks rose more than 3.5 per cent yesterday after Prime Minister Mahathir Mohamad implied that he sees no obstacle to holding a general election. The possibility of an early election in Malaysia is likely to lift
        Bloomberg Business News; Source: Bridge Info  -  5,798 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7423 15 MAIN BOARD Transaction date: June 10 Car U 1994 La* V«4 Day Last Q»*» W« O* VM SH M Ca. Utah Low Caapaay Sale <"•») High Law Bam CV H/k Wl ■HHiymiL AND COMMERCIAL 1440 835 I s Acma 860 cd -10 IS* 875 *60 855 *60 17 5 2.1
        7,423 words
      • Article, Illustration
        Lock icon Election talk heightens interest in M'sian stocks
        1835 16  -  By R Sivanithy SINGAPORE Local stocks and US inflation worries were largely neglected yesterday, as punters turned their attention to Malaysian stocks on the back of strong rumours of a coming general election. Throughout the day, Malaysian counters traded over-the-counter here on Clob
        Charts by Bridge Info; Source: Bloomberg  -  1,835 words
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      399 6 NEWS VALUE How today's news might affect your stocks GIC looking to invest in regional property projects (pg I) Considering GlC's considerable financial muscle, positive for those companies going regional. Alan Yeo appeals to shareholders (pg l) Situation at YHS still fluid. Japanese economy poised for upturn: BOJ «*nrey (pg
      399 words
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      6 7 Dividends table has been held over
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      236 9 For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than I 11 /\1 JT any other publication. Some may call it an unfair M- UI 11\ /I advantage. We at
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      36 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. ■bSBBHi iEBUI ißHili ilMiiMfli Co// I 737-7/66 J toptoce f I a quick- acting ad. |7i7-nt«
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      729 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF CHEN FATT (PRIVATE) UMITEO (Incorporated In tha Republic ol Singapore) (MEMBERS' VOLUNTARY WINDING-UP) At an Extraordinary General Meeting ot the abovenamed Company duly convened and held et 100 Jalan Sultan *03-22 Sultan Plaza Singapore 0719 on
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      518 16 NOTICE NOTICE IS HEREBY GIVEN that, I John Malcolm Johnston have applied to the Hotels Licensing Board, Singapore for a Certificate of Registration in respect of premises known as Four Seasons Hotel Singapore at 190 Orchard Boulevard, Singapore 1024, and that any person who knows any reason why a Certificate
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  • Executive Lifestyle
    • Article, Illustration
      Gearing up for Planet Football
      1610 17  -  Shahiron Sahari takes the temperatures of soccer fans, their bosses and the stockmarket as World Cup fever starts to rage Shahiron Sahari THE WORLD CUP, that fouryearly orgy of goals, thrills, fouls and controversy, is descending upon us once again. "Starting next Saturday morning, the
      1,610 words
    • STRAWS IN THE WIND
      • Article
        Heard in passing
        40 17 HOW can your ears deceive you? A reporter got a message from her colleague to call someone from a company called Mercy Dispense Asia. It took a while to figure out it was actually Mercedes Benz Asia.
        40 words
      • Article
        Chendol medicine
        28 17 DONT be alarmed if your doctor ever prescribes Chendol for your gallstone problem. He's not talking about the fattening dessert but a drug called Chenodeoxycholic acid.
        28 words
      • Article
        Man in the news
        45 17 A JOB-SEEKER was being in terviewed for a job at a news agency when she was asked who Boutros Ghali was. She pondered for a moment and replied: "Is that a Business Times reporter?" For her benefit, he's the UN SecretaryGeneral.
        45 words
      • Article
        Anti-climax
        69 17 IT WAS 11.14pm, Jim Courier was trailing Sergi Bruguera two sets to one and 3-5 in the fourth in the French Open semi-finals and gaining momentum fast. Could he overtake the Spaniard in time? Were viewers in for a tense finish? Trust SBC to spoil the suspense by flashing
        69 words
    • OPINIONS
      • Article, Illustration
        I'd like to say you're looking great, but I won't
        914 18  -  Timeri N Murari finds a sad decline in cordiality between men and women as sexual harassment on both sides takes centrestage Timeri N Murari The writer is the UK correspondent for the Indian newspaper. The Hindu SEX is causing a
        914 words
      • Article, Illustration
        Downer's dangerous populism Down Under
        938 18  -  Brian Gomez is alarmed by the new Liberal Party leader's apparent desire to reverse the tide of foreign investment Brian Gomez The writer is based in Sydney ONCE, the Australian opposition Liberal Party's traditional response to the gradual loosening of controls on foreign investment was
        938 words
      • Article
        What will Hong Fok gain from the revamp?
        376 18  -  LETTERS TO THE EDITOR Steven Goh I REFER to the announcement by Hong Fok Corporation Ltd on its proposed reorganisation exercise of its construction companies (BT, May 31). I am somewhat puzzled as to the benefits that will accrue to Hong Fok,
        376 words
      • Article
        Avoid delay by depositing shares during incentive period
        244 18  -  Peter Chia Public Affairs Manager Stock Exchange of Singapore WE REFER to Dennis Distant's letter "Why so long to process share certificates?" (BT, May 28-29). When a listed company is converting to the scripless settlement system, incentives are offered to encourage shareholders
        244 words
      • Article
        COE prices won't go sky-high
        197 18  -  Ong Ye kung for Permanent Secretary Ministry of Communications I REFER to the article "COE prices escalation in overdrive" by Dexter Lee (BT, June 1). The supply of Certificates of Entitlement each year is made up of two components: replacement COEs, which is determined by
        197 words
      • Article
        How much CPF money can be used for housing loans
        258 18  -  Eugenie Tan Public Affairs Executive Central Provident Fund Board WE REFER to the article, "Preparing for the pain of a rate hike" (BT, June 4-5), in which it was incorrectly stated that "most Singaporeans would only be able to use
        258 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Golden girl of Cambodian banking
        2642 19  -  THE RAFFLES CONVERSATION Tioulong Saumura gave up her six-figure salary in Paris for a job that paid just US$5O a month when she became Deputy Governor of the National Bank of Cambodia last year. She tells Harish Mehta why she has no regrets Harish Mehta
        Photo by Sin Sareth, Agence Khmere du Presse  -  2,642 words
      • Article
        Total harmony
        396 19 U\l7 E have always fought for the T T same ideas, for the same cause. When he left France to come here and help on a permanent basis, I came with him, and we were in total harmony. Tioulong Saumura and her husband, Sam Kainsy, who is Cambodia's
        396 words
      • Article
        Rebuilding a country
        710 19 How Cambodia's remarkable success in bringing down the inflation rate was achieved CAMBODIA'S inflation rate was 93 per cent for the first six months of last year, and looked set to rise higher. So the World Bank, wanting to give the country's economic managers a realistic target
        710 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (June 13-17)
          62 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, Kay Hian James Capel, Kim Eng Securities, Morgan Grenfell Asia Securities, Nomura Securities, OCBC Investment Research, Ong Co. Peregrine Securities, Smith New Court, Tat Lee
          62 words
        • Article
          Buy!
          310 20 Daiwa Institute of Research (June 10^ Goldtron. We expect it to be upgraded to a main board listing within the next two months. It has fulfilled most of the requirements, and it has spent as much time on Sesdaq as Amtek did before it was promoted to the main
          310 words
        • Article, Illustration
          Eye on the region: Hongkong
          129 20 Baring Securities (HK) As expected, the Hongkong government announced a package of mild measures for the mass residential property market. We believe that the government does not intend to adopt other drastic measures if property prices stay at the current level. All in all, the
          129 words
        • Article, Illustration
          In my opinion...
          272 20  -  Bryant Hwang Vice-president (Research) RHB-Cathay 4 1 Low ringgit I high interest rates X strong GDP low inflation; 1994: Appreciating ringgit soft interest rates strong GDP high inflation??? This seems to be the fear plaguing the Malaysian market of late. Is this the beginning of the end
          272 words
      • Article, Illustration
        Stocks which will ride Asia's boom
        1202 20  -  Four fund managers tell Agnes Chen where smart money should go Agnes Chen A ROOF over every head and toothpaste in every home. As Asia prospers, stock market pundits stand to reap handsome rewards too, four fund managers told BT recently. They have identified
        1,202 words
      • Article
        What's not hot
        156 20 Marco Wong, Yamaichi Capital Management Underweight high-valuation stocks. Last year, we could buy a dream. You expected more foolish people to follow. But this year, no one will rush in. I don't expect PEs to expand this year. So, I have to sell out those stocks with
        156 words
      • Article
        Worst probably over but fund managers playing it safe
        506 20 Memories of 1993's speculative excesses fresh in their minds, the fund managers emphasised cautious optimism and quality investments. At Yamaichi Capital Management, director Marco Wong is playing it safe in the second half of 1994 with the US$36O million (S$S52 million)
        506 words
      • Article
        Unit trusts see another dismal quarter but sentiment improving
        651 20  -  After hitting bottom in late April/early May, the values of unit trusts have rebounded, reports Lilian Ng Lilian Ng The writer is a freelancer who contributes regularly to Business Times IT HAS been altogether another dismal quarter for unit trusts but
        651 words
      • Article
        Untitled
        809 20 Launch 1 mth 3 mths 6 mths I yr 2 yrs 3 yr» Rankiag as at Jmc 6, IW4 Sing*port Straits Tim*s 1.19 -3.16 S.23 19.76 48.77 45.99 Credit Lyonnais Singapore Gr 28 07.69 -4 67 7 -13.12 9 -5.41 10 31.72 3 124.77 I 115.76 2 OCBC Savers Capital
        809 words
      • Article
        Time to review your ties with the broker
        564 21  -  Shiv Taneja on why you should not trust your remisiers blindly Shiv Taneja AS AN investor, how confident are you of your relationship with your broker? In the main, it would seem that most investors have few quarrels with their broker (except
        564 words
      • Article, Illustration
        Upsurge in copper prices enhances attractiveness of copper mining shares
        1121 21  -  Han Seng Kuwang discusses why Xenolith and Kookaburra are ideally placed to profit from the metal's much improved outlook Han Seng Kuwang The writer has investment-related work experience in Australia. This article, however, should not be construed as investment advice
        1,121 words
      • Article, Illustration
        Liang Huat might just surprise — if investors are prepared to hold
        1226 21  - Liang Huat might just surprise if investors are prepared to hold By Shiv Taneja LIANG HUAT Aluminium has on offer 48 million new shares and 8 million vendor shares. Of the lot, 30 million shares are being offered at a fixed price of 57 cents, while the balance will go
        1,226 words
      • Article
        Books to help make sense of annual reports
        565 21  -  Joyce Quek checks out three publications which can help investors separate fact from fiction Joyce Quek THERE is no lack of advice these days on which counters an investor should buy. But much of this advice boils down to hunches or opinions.
        565 words
    • Article, Illustration
      Rocky revival
      657 22  -  Cinema Review By SUSAN TSANG STEVEN Spielberg's Amblin Entertainment had the idea of a live-action version of The Flintstones for years, but it took 32 writers (yup) to come up with the script. With effects by Industrial Light and Magic, puppets from Jim Henson's workshop and a high-powered
      657 words
    • Article, Illustration
      Amusement park western
      633 22  -  By JAIME EE m MAVERICK, that anti-violence but still jpick-on-the-draw Wild West hero makes $ietty easy money at the poker table. In jaal life, actors Mel Gibson, Jodie Foster frnd James Garner make just as easy money ■feezing through this light-weight vehicle pt packs as much punch
      633 words
    • Article, Illustration
      A healthier way to fly A healthier way to fly
      1602 22  -  Neelam Mathews and Audrey Perera find out what airlines are doing to keep their health-conscious executive passengers satisfied Neelam Mathews,Audrey Perera FRANKLY, when you are stuck in a tiny airplane seat with 20 hours to go before you arrive at
      1,602 words
    • Article, Illustration
      The luck of the draw
      879 22  -  A corporate logo need not just be pretty graphics. Jay Khosla talks to one designer who lends a certain mystical charm Jay Khosla FENGSHUI and design, it is said, are strange bedfellows one an ancient pseudo-science, the other a relatively recent notion of balancing form
      879 words
    • Article, Illustration
      The second Seal
      614 23  -  CD Review By SHAHIRON SAHARI SEAL: Seal This British singer made an overnight name for himself four years ago when he helped take Adamski's Killer to the top of the charts, and then took himself there the next year with his debut single. Crazy. Like his first
      614 words
    • SPORTS
      • Article, Illustration
        Lock icon Reid cruises to lead in Buick Classic as big names struggle
        435 24 Golf AP HARRISON, New York Mike Reid, returning from a wrist injury he sustained playing pingpong in 1992, made an eagle on his last hole on Thursday to bolt into the lead after the opening round of the Buick
        AP  -  435 words
      • SPORT SHORTS
        • Article, Illustration
          Baseball
          46 24 NEW YORK Major League Thursday American: Toronto 7 NY 5; Milwaukee 4 Cleveland 3; Minnesota 8 Chicago 4; Texas 7 Kansas City 4; California 4 Detroit 7. National: Cincinnati 7 Colorado 1: Philadelphia 6 St Louis 2; Pittsburgh 3 Florida I; NY 0 Montreal 9.
          46 words
        • Article, Illustration
          Golf
          166 24 SINGAPORE Competitors at next Tuesday's Volvo Amateur Championships 1994, at the Raffles Country Club, Palm Course, will have an added incentive to do well this year. Twenty winners in the various categories will as usual represent Singappre in the Volvo Cup Regional Finals, to be held this year in
          166 words
        • Article, Illustration
          Lock icon Ice hockey
          103 24 AFP NEW YORK Pavel Bure and GeofT Courtnall each scored two third-period goals and Vancouver beat the New York Rangers 6-3 here Thursday, keeping the Canucks alive in the National Hockey League championship series. Vancouver's triumph at Madison Square Garden ruined the dreams of thousands of New York
          AFP  -  103 words
        • Article, Illustration
          Lock icon Rugby
          84 24 AFP CAPE TOWN England are sticking with the side that convincingly defeated South Africa in last week's first Test in Pretoria for the second and final Test at Newlands here today (Sat). South Africa, by contrast, have made five changcs, one of them positional. Out went new caps Fritz
          AFP  -  84 words
        • Article, Illustration
          Lock icon Soccer
          99 24 AFP NEW YORK Brazilian legend Pele called Colombia the best of 24 teams in the World Cup finals, but stopped short of predicting the South American team would hoist the championship trophy after the July 17 final. "For me, Colombia is the best team," Pele said here on Thursday.
          AFP  -  99 words
        • Article, Illustration
          Tennis
          166 24 LONDON Queen's Club men's tournament 3rd rd Thursday: Pete Sampras (US xl) b Shuzo Matsuoka (Jpn) 7-6 (7/2) 6-2; Todd Martin (US x 5) b Greg Rusedski (Can) 4-6 6-3 6-4; Jan Appell (Swe) b Goran Ivanisevic (Cro x 4) 7-6 (11/9) 7-6 (7/2); Christo Van Rensburg (SA) b
          166 words
      • Article, Illustration
        Lock icon Bank sees economic form as clue to World Cup success
        423 24 Reuter LONDON Throw away the form-book, forget the injury problems the serious football fan ean now pick the winner of the 1994 World Cup by analysing not its sporting but its economic prowess. Swiss Bank Corporation, in a recent light-hearted
        Reuter  -  423 words
      • Article
        Lock icon Poor shooting haunts Knicks in NBA Finals
        308 24 AFP HOUSTON Horrid shooting by both clubs made the opening game of the National Basketball Association Finals an ugly one coaches vow will not be repeated. "If you're a pro player who is paid to make those shots, you make them. You just
        AFP  -  308 words
    • PEOPLE
      • Article, Illustration
        Lock icon On a fast plane to Paris
        272 24 FRANKIE PEK and Robert Tham were the lueky winners of a four-day, all-expenses-paid trip to Paris when they won the Business Times-Lancome 18th Anniversary Advertising Golf Competition at the Tanah Merah Country Club, Tampines Course, last month. Pek and Tham won the Stableford rules
        Photos by Arthur Lee  -  272 words
    • TIME OFF
      • Article, Illustration
        Rambo now fighting age
        1100 25  -  In The Specialist, Sylvester Stallone gets to solve an all-time mystery with Sharon Stone. Rav Dhaliwal meets the former boxer Rav Dhaliwal The writer is a journalist with The Straits Times RAMBO meets the icepick wielding Catherine TrammeU. But the expected explosion does not come. Instead
        1,100 words
      • Article
        SINGAPORE ARTS FESTIVAL
        629 25 The bi-annual event this year promises to be bigger, better, faster and more than previous festivals with over a hundred groups and solo artistes performing. Till July 3. Counter sales for all ticketed shows are on at all Ticket Charge outlets. Call 296-2929. NOTE: all shows start
        629 words
      • Article
        ARTS FESTIVAL FRINGE
        330 25 This year's fringe events bring together more than 100 Singaporean as well as international artistes. It features special items like late night performances. displays and a Concert in the Park. Performances are free unless otherwise stated. Till Jun 12. Season passes are sold out; counter sales for
        330 words
      • Article
        PERFORMANCES
        310 25 Animal Farm A fresh adaptation of Sir George Orwell's masterpiece satire will be staged by the International Theatre Company of London. Through the eyes and minds of the animals of the farm, Orwell's dig at the Russian Revolution shows how democracy can just as easily be abused into a
        310 words
      • Article
        CONCERTS
        166 25 Music at Macßitchie The Yusof Ishak Secondary School Military Band will be performing some familiar favourites for all. but Pearl Jam and Nirvana are out. Tomorrow, spm at the Macßitchie Reservoir. Free, by the way. International Festival Chorus As part of a charity drive, the IFC has agreed to
        166 words
      • Article
        FILMS
        192 25 Singapore Film Society Presents Two movies that won awards at Venice and Cannes. Valid for members of the society only, but membership is available at the door. •.I City of SaJncvy Winner of the Golden Lion at the Venice Film Fest in 1989. this film deals with a significant
        192 words
      • Article, Illustration
        EXHIBITIONS
        462 25 Dental Health Exhibition As dental health is one of the areas most often neglected, this exhibition aims to inform the public about the need to care for your teeth, so that when you smile, the whole world will smile with (and not cringe at) you. Today and tomorrow, al
        462 words
      • Article
        TALKS
        265 25 Managing Stress Before It Manages You Organised by the National Council of Social Services, this seminar enables you to learn how to combat and counter stress in your everyday environment. be it at home or in the office. Dr Ken Ung will go through certain techniques and methods on
        265 words
      • Article
        MISCELLANEOUS
        343 25 Singapore World Invitational Dragon Boat *94 Especially for those who like the sea. the sun and excitement. Today. 1.30pm: tomorrow 12.30pm: at the Marina Bay. Slalomania Challenge For those who feel the need for speed. Sanctioned by the Singapore Water Ski Federation, this tournament will see men and women
        343 words
      • Article
        AT THE SUBSTATION
        33 25 Windows Tan Kwank Liang's recents works on urban conservation, featuring the window as an architectural motif that opens into the world. Till June 19, Ham to 9pm at the Gallery.
        33 words
      • Article
        TICKETING
        124 25  -  Compiled by Christopher Toh Sistic outlets are at Forum Galleria, Liang Court, Raffles City, Scotts, Specialists' Centre, Takashimaya. Cold Storage at Jelita, Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores. Wisma Atria, Centrepoint and Tangs. Hotline: 269-2929. If
        124 words
    • EPICURE
      • Article, Illustration
        Meals in a jiffy
        559 26  -  Bon Appetit By JAIME EE AT FIRST SIGHT, Prosperity tfouse looks like it could do with a good infusion of wealth, if you glance at the many empty tables iiiiside this Shanghainese restaurant on a Friday evening at Clarke Quay. Actually, the customers were just dining
        559 words
      • Article, Illustration
        Health drink of the '90s
        692 26  -  No longer considered a waste of money, mineral water now represents purity, trendiness and style. Susan Tsang reports Susan Tsang A CENTURY after it was fashionable to "take the waters", health-consciousness is "in" again. So is mineral water, which used to be thought a waste
        692 words
      • Article
        The Englishman's choice
        737 26  -  Wine By N K YONG PORT, more than even claret, is the Englishman's wine. The English discovered it, they made and still make it, and for centuries only Englishmen drank it. And wherever they went, their port went with them. The problem with port is that it
        737 words
    • Article, Illustration
      CINEMA
      1052 28 Ace Ventura Pet Detective. Jim Carrey investigates when the dolphin mascot of the Miami football team is abducted. Lido: 3.45; 6.30; 9. Yishun: 10.45; 5.15; 7.15; 11.40. Bishan: 11.15; 1.10; 7.15. A Dangerous Women. So-so psychological drama with Debra Winger in a fine performance as a social misfit. K(A).
      1,052 words
  • Page 17 Advertisements
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      192 17 an 0 a 24-hour "Loan information Service Approval" 1800 334 3588 1800 33 1 3 6 88 Rhapsody in Blue gpPg|M|pMs hand-enamelled f a m/lTFvr mmm^ tjH W ed and white jp Mp El Chronometer San Marco in platinum, 18 ct gold or stainless steel for gents and ladies ULYSSE
      192 words
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      26 18 y\A H,GH STAKES &>< Don't get shortchanged, or a covera 6 e y° u can lt,ank on- \mmmS Financial News. Singapore rn Business Times we atom am
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      Page 18 Advertisements Column 2
      41 18 BT welcomes f J letters from you. S k 1'lease address them r r to: The Editor, S S Business Times, f r 390 Kim Seng Rd, j S'pore 0923. Letters Q f should include your p P contact numbers. S
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      Page 18 Advertisements Column 3
      24 18 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. SINGAPORE# f 1 Business Times wvixoauai
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  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      78 18 f va N -r civ 1 I WSS SuNroPM- I \"D u*£ COPi£S?jy (To TV»S SIM y I MvfSeiF 7 t C ASXXaATTO mwow LTD, t—l-ltx V .1 > «aoa DOONESBURY GARRY TRUDEAU 1 1*1 rTU&rrAuuws thus. toncht how tokcoholb this with l v fO*S, COWNGOUTHAS L BEEN A REAL
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      93 23 VSjßgmmaP' yangon |city hotel The Gem of Myanmar Fish and Chi Outlook in Yangon The loko for a local travel agency has an oval frame, For a hotel's identity in Myanmar the umbrella is used ££3 from theshapeofanopen fish mouth. F.sh as an ethnic form that ,s transformed mto a
      93 words
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      Page 23 Advertisements Column 2
      286 23 Growth vs Safety Split from its Kuala Lumpur counterpart since 1990, the Singapore stock market has had to find new ways to grow. How Plus, where the new ALSO IN THIS ISSUE; The Chinese wave in Vietnam Yeo Hiap Seng's land saga Hongkong's housing horrors Get your copy of this
      286 words
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      69 24 ADVERTISEMENT R.Kin M nin»./KRNWOOD GOLFING TIPS By BRETT BRASER PROFESSIONAL GOLFER FuUy QuaJif»d Mwrtw Of SJ>.GA« 0* in Go« Mmowmm J 1 Playing in cold weather, although never easy >vz I can be mastered if you follow a few sirrtple fyft 2. Stretch and warm up your muscles by 3.
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      19 26 CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. f Business Times WE KNOW Am
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      Page 26 Advertisements Column 2
      147 26 Find a new rider for your wheels Pedal your wheels to all kinds of people and clean out your store room with a convenient, fast-acting classified ad. HpXpEZIXHIS (XH!DtE9tiLCIOr With the bustle of Orchard Road at your feet, HILLTOP LOUNGE is the ideal place to unwind.Be enchanted by Muzique Manila,
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      995 27 Nothing Beats A Bud, fßHffiifl where t wine, dine and entertain or FRESH! [PASTA MSAILY. W From Pasta Fresco. The only restoorant to moke its own specialty pasta. Frosh, everyday. Savour perfect pizza, groat y golati and torrific tiramisu. All topped with Italian hospitality. Pasta Fmca Da SaKotaf Ptt IM
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      Page 27 Advertisements Column 2
      346 27 Emougko Enomglio ih/moiiglic, "Enougft is enough. 35 appetisers, 20 desserts pCus 6 main courses. H)hen our guests start on the appetiser spread at our monthly international lunch buffet, they never finish. In fact, they always endup conceding that they ve had more than enough. Come try it to believe. JQQ
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  • Page 28 Miscellaneous
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      Page 28 Miscellaneous Column 1
      2497 28 TODAY'S TV TT—BOg —"T The Road to Glory: A i'l UVI lH -"'A-f' .'vjJPlpfßpy Historv of World Cup. Ekjm Ml| Wowser (Cartoon) A Woman Called Jackie, The Miriam Stoppard Health And I. 6.00 News(M). 11.50 am, TV2 Beauty Show, 6pm, SBC 12 >'?.* h'j"VH 6.30 Qiraati(M) Continuation of the life
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