The Business Times, 15 October 1994
1994-10-15
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The Business Times
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Title Section15 1994-10-15 1 SINGAPORE Business Times MITA(P) 010/12/93 Weekend Edition, October 15-16 1994 WE KNOW ASIA 75 c15 words
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Article, Illustration595 1994-10-15 1 Conrad Raj - By Conrad Raj SINGAPORE The Yeo Hiap Seng saga continues as chairman Alan Yeo battles with his executive committee (exco) to keep his post and perks while newly-appointed chief executive Chng Hee Kok reviews key staff positions. According to sources595 words
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388 1994-10-15 1 The Straits Times KUALA LUMPUR The Malaysian general election will be held only after a new electoral roll listing more than 500,000 new voters is validated in the middle of January next year. Sources said yesterday that the decision wasThe Straits Times - 388 words
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282 1994-10-15 1 Lilian Ang - By Lilian Ang SINGAPORE The government has rejected all three bids in a tender earlier this year for a theme park at Marina South. The Urban Redevelopment Authority said yesterday it would review whether to retender the 19-ha site. The282 words
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Article398 1994-10-15 1 Bloomberg Business News Reuter WASHINGTON Consumer prices posted their smallest rise in four months in September, the US Labour Department said yesterday, offering yet more evidence that inflation remains tame despite signs the economy is expanding briskly. The Consumer Price Index (CPI) rose 0.2Bloomberg Business News; Reuter - 398 words
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195 1994-10-15 1 SINGAPORE WBL Corporation and its subsidiary, Polytek Wearnes, have asked for a suspension from Monday in the trading of their shares on the stock exchange, pending a major announcement by WBL Corp. They did not elaborate. But Business Times reported yesterday that195 words
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2am LATEST
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Article75 1994-10-15 1 Reuter NEW YORK US blue chips drifted near Thursday's closing levels in dircctionlcss afternoon trading yesterday. After riding out a morning flood of economic data, including retail inflation, industrial production and capacity utilisation, investors appeared eager to closc positions ahead of the weekend, traders said.Reuter - 75 words
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Article, Illustration331 1994-10-15 1 Abdul Hadhi - By Abdul Hadhi SINGAPORE The 23-year-old Newton hawker centre, one of the best-known all-night food centres on the island, will eventually make way for high-density residential development. The proposal is in the Urban Redevelopment Authority's plan for the area, unveiled yesterday331 words
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Article166 1994-10-15 1 Stock market indices Friday Change STII 2.377.30 +19.48 KLSEComp 1.128.45 -7.22 Nikkei 19.969.29 -179.54 Hang Seng 9.550.93 +18.58 SET Index 1.498.55 +23.49 Jakarta Comp 510.34 +3.4 CLSA China D ....1.158.61 -0.72 Aust All Ord 2.006.0 +7.1 FTSE 100 3.106.7 -35.2 Friday Previous 2pm EDT close Dow Jones 3.895.33166 words
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Page 1 Advertisements
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Advertisement10 1994-10-15 1 Lifestyle Cover Story: el i Try a little happiness 8l10 words
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Advertisement7 1994-10-15 1 2 IPOs assessed: el s Singamas; Sunright7 words
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Advertisement31 1994-10-15 1 Hock iMck Siew: Pg6 r \\ft\ fc/ Sabah: Politics and business nwyn J World Economic Forum: Call for a high-level meeting of East Asia and Europe, Pg 2 ■111 8 *****1"*****231 words
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Advertisement297 1994-10-15 1 Asia's Corporate Giants: '^^HH^||^HBFj Si me Darby's CEO, MA: Mohamed Yaacob S'pofe News 2 S poreM'sia 6.7 Regional News 3.4 Frontal 10 Wortd News 4.5 Futures Werlwts Opinions 112 CW/KLSL SES 14 16 IF 1L4.5 Regional 12 Reviews EL6.7 Work) 12 Sports EL9 Cuirenoes -10 TV Radw ELI2 Siwx/Commo U297 words
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SINGAPORE NEWS
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Article, Illustration619 1994-10-15 2 World Economic Forum PARTICIPANTS at the 1994 East Asia-Europe Economic Summit called for a meeting between the heads of East Asian and European governments to discuss issues aftectking relations between the two regions. This was the key item inPhoto by Chris Loh - 619 words
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330 1994-10-15 2 THE first challenge of the World Trade Organisation will be to ensure that the Uruguay Round package of trade liberalisation measures, which was agreed on last December, is properly implemented, a top Gatt official said yesterday. WTO will succeed the330 words
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HEARD AT THE FORUM
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125 1994-10-15 2 BY yesterday's lunchtime. participants were drowning in a sea of statistics. In the last three days of plenary and interactive sessions, all kinds of mind-boggling numbers have been thrown at them as speakers enthused about the enormity of the potential in East Asia in general, and125 words
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Article79 1994-10-15 2 DURING question time at a plenary session with Indian Finance Minister Manmohan Singh, at least one Indian official was noticeably panic-stricken when the first questioner turned out to be a Pakistani. Fresh in the mind of the official was the awkward incident last month when79 words
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Article70 1994-10-15 2 "THERE are no virgins in Wall Street," the innocentlooking Ronnie Chan, chairman of Hongkong's Hang Lung Development Co, confided during an interactive session on China. In case narrow-minded readers want to know how Mr Chan came to that conclusion, he was talking about business deals70 words
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68 1994-10-15 2 THE OUTSPOKEN French ambassador-at-large. JeanDaniel Tordjman, was lamenting the fact that the popular perception in East Asia was that Europe was in a state of terminal decline. Curious to find out how East Asian businessmen formed this opinion, he asked them what their principal68 words
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Article103 1994-10-15 2 Catherine Ong - By Catherine Ong SINGAPOREANS who worry about Indonesia's plan to set up nuclear plants may take comfort in this statement by Indonesian businessman Iman Taufik. But then they may not. Commenting on the country's determination to go ahead with its nuclear power programme, he said: "Our103 words
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523 1994-10-15 2 THE Asean Free Trade Area has set the pace for trade liberalisation within the Apec grouping, Singapore Trade and Industry Minister Yeo Cheow Tong said yesterday. Afta agreed last month to shorten its deadline for free trade by five523 words
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Article, Illustration315 1994-10-15 2 ASEAN states are avoiding competition with one another as the race to attract foreign investment gets more intense. This was stated by Indonesia's Coordinating Minister for Industry and Trade, Hartarto, and Singapore's Trade and Industry Minister, Yeo Cheow Tong, here yesterday.Reuter - 315 words
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214 1994-10-15 2 THE Shanghai and Bombay stock exchanges are likely to emerge as Asia's main markets by the year 2000. Timothy Beardson. chairman of Hongkong's Crosby Financial Holdings, said yesterday. "These two will become major stock markets in Asia in terms of market capitalisation and daily214 words
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360 1994-10-15 2 THE Labour Ministry is introducing tougher regulations on the hiring of safety officers and the use of explosive power tools. It said yesterday the new Factories (Safety Officers) Order 1994 required shipyards With fewer than 100 workers to employ a part-time safety360 words
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Article, Illustration379 1994-10-15 2 CHINA Square is being groomed to compete with Orchard Road's hotel belt, while Rochor is likely to become the home of second-tier hotels, judging by Urban Redevelopment Authority's proposals unveiled yesterday. Three hotels are planned for China Square, near the Raffles379 words
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144 1994-10-15 2 THE Telecommunication Authority of Singapore has formed a four-member panel to review the telecommunications network. The move follows an istandwide shutdown of telephone services on Wednesday. The panel is chaired by TAS director-general Lim Chuan Poh. Its members are: Singapore Institute of144 words
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Page 2 Advertisements
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Advertisement10 1994-10-15 2 Reports by Vikram Khanna, Catherine Ong and Vang Razali Kassim10 words
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THE REGION
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384 1994-10-15 3 Reuter JAKARTA Indonesia's official trade union called for the government to more than double the minimum wage, the source of growing unrest among the country's workforce, the Antara news agency said yesterday. The All-Indonesia Workers Union (SPSI), Indonesia's only officiallyReuter - 384 words
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251 1994-10-15 3 AP JAKARTA A prominent group of former generals and Cabinet ministers has called for a reorganisation of Indonesia's political system in a rare challenge to President Suharto. "We are obviously now in a state of not civilian, but a military emergency," saidAP - 251 words
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272 1994-10-15 3 AFP TOKYO The governmentbacked tax reform will push up Japan's gross domestic product (GDP) by an average 0.4 per cent in real terms each year until March 2000, the Economic Planning Agency said yesterday. The 0.4 per cent increase in GDPAFP - 272 words
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Article, Illustration40 1994-10-15 3 AFP TAIPEI Taiwan has 389 senior citizens aged over 100. Chu-Chen Hsiao, at 115 years old, is the oldest. She's pictured here in her Sanchung's home near Taipei. Of Taiwan's 389 senior citizens, 72 are men. AFP.AFP - 40 words
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442 1994-10-15 3 Reuter TOKYO Japan will scrap controls on interest rates on non-term deposit accounts on Monday, completing a nineyear interest rate deregulation programme, but economists said the move is unlikely to spark a rate war. Low lending levels, due to theReuter - 442 words
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381 1994-10-15 3 SINGAPORE Singapore and Malaysia yesterday successfully concluded 14 years of talks on a pact that sets the boundary in the Straits of Johor. "The discussions were successful and the Boundary Agreement finalised," said the Ministry of Foreign AfTairs. "Bach side would now381 words
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NOTEBOOK
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59 1994-10-15 3 Reuter TAIPhI A handful of Taiwan legislators are suspected of involvement in one of the island's biggest share payment default scandals, but authorities cannot question any of them, the justiee ministry said. Under Taiwan's laws, any legal action taken against legislators during a parliamentReuter - 59 words
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Article, Illustration43 1994-10-15 3 AFP TAIPEI Chueh Ho-hei, accompanied by supporters, rides a horse yesterday to register with the election committee here as an independent candidate for the December elections. Mr Chueh is to bid for a seat in the Taipei City Council. AFPAFP - 43 words
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42 1994-10-15 3 Reuter WELLINGTON New Zealand's central bank yesterday said the recent firming of monetary conditions was appropriate and it was monitoring conditions closely to ensure inflation remained within its zero to two per cent target. ReuterReuter - 42 words
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84 1994-10-15 3 Bernama KUALA LUMPUR Malaysian Trades Union Congress president Zainal Rampak was arrested yesterday for alleged criminal breach of trust. Transport Workers Union (TWU) president Norashikin Mohamad Yusof and its treasurer Lee Soh were arrested together with Mr Zainal. The three will be chargedBernama - 84 words
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370 1994-10-15 3 Knight-Ridder Bloomberg Business News HONGKONG Hongkong Secretary for Flanning. Environment and Lands Tony Eason said yesterday that residential property speculators are still in retreat, following government measures introduced earlier this year to moderate housing prices. He also said the Hongkong government willKnight-Ridder; Bloomberg Business News - 370 words
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167 1994-10-15 3 Bloomberg Business News BEIJING China will soon issue a blueprint to upgrade its construction industry after a recent report showed that a fifth of residential buildings are substandard, the official China Daily reported. Vice-minister of Construction Tang Qinglian said on the eve of aBloomberg Business News - 167 words
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Page 3 Advertisements
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Advertisement293 1994-10-15 3 re. Bankruptcy Judgement #93/0332 against estate of the late E. Flipse H I leading specialist supplier of Tine Oriental carpets to the Diplomatic Corps I I IMPORTANT INTERNATIONAL I I LIQUIDATION AUCTION I B Extremely Valuable, Finest Quality, Individually Selected H All Certified Genuine Authentic Traditional Handmade H I PERSIAN293 words
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Page 3 Miscellaneous
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Miscellaneous529 1994-10-15 3 1 WEATHER I Singapore: Generally hazy. Showers over several areas in the late morning and earty afternoon. (Temperature 25-32) fata-PacMc HMV Cm*. lanft MJ/L»* CmhL Buenos A«es 24/13 Ran Auckland 17/11 Shcwuers Amsterdam 16,T0 Cloudy Chicago 1 7y05 Cloudy 32/24 Cloudy Athens 22/13 Sunny Honolulu 29/22 Ra»* Be»|ing 18/09 Cloudy529 words
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REGION/WORLD
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420 1994-10-15 4 Reuter BEIJING China signalled its caution yesterday about plans for a free-trade zone in the Asia-Pacific region, warning that a consensus on principles had to be struck first. Asked about Australian statements that an upcoming nfoeting of the Asia-Pacific Economic Cooperation (Apec) forum couldReuter - 420 words
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401 1994-10-15 4 Reuter AFP KUWAIT US Defence Secretary William Perry yesterday threatened Iraq with military .action if Baghdad did not withdraw more than a division of e)ite Republican Guard troops from Iraq's southern border with Kuwait. "We are talking about military action. But I won't goReuter; AFP - 401 words
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Article, Illustration363 1994-10-15 4 AFP JERUSALEM Israeli Prime Minister Yitzhak Rabin and Foreign Minister Shimon Peres warned grimly yesterday that enemies of peace abounded as their day of Nobel glory with PLO leader Yasser Arafat was marred by a Hamas death sentence against an Israeli soldier. BothAFP - 363 words
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247 1994-10-15 4 Bloomberg Business News BEIJING China yesterday outlined a role for foreign telecommunications companies in its huge network expansion, but reiterated its ban on foreigners taking equity stakes in or managing phone services. Foreign companies can help build networks, adviseBloomberg Business News - 247 words
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Article1735 1994-10-15 4 City FlifM TO Fight |TD_ Cl£ W ETA Fight 0#_ Abu Dhabi GA976 0010 Hangzhou MI931 2015 MI932 0905 Amsterdam SQ25 0630 KL838 0001 Hanoi VN741 1310 SQ176 1130 KL837 1550 GA890 0025 SQ175 1855 VN740 1410 Auckland NZ21 1735 NZ22 1850 TG408 0820 B Seri1,735 words
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Article, Illustration417 1994-10-15 4 Reuter AFP MOSCOW Russia's embattled Central Bank chairman resigned yesterday in the wake of a rouble crisis that sent the currency crashing to an all-time low this week. Viktor Gerashchenko. a former Soviet central planner whom a reformer once dubbedReuter; AFP - 417 words
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351 1994-10-15 4 Reuter BANGKOK One of Thailand's five coalition parties reached an eleventh-hour agreement yesterday in an intra-party fight over a proposal that non-members of parlia-. ment be given government posts. The Palang Dharma Party or PDP (Moral Force) had encountered unexpected opposition from itsReuter - 351 words
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190 1994-10-15 4 AFP BEIJING The president of the Chinese parliament, Qiao Shi. on Thursday completed a five-day tour of the booming southern province of Guangdong. where he appealed to officials to follow through the country's economic reform programme, the People's Daily reported yesterday. Mr Qiao,AFP - 190 words
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126 1994-10-15 4 AFP TOKYO The Tokyo Westin. one of the most expensive hotels ever built, opened its doors yesterday. Costing close to US$3 billion (554.44 billion), the hotel is a grandiose project realised in the midst of a depressed Japanese economy.AFP - 126 words
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THE WORLD
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Article, Illustration461 1994-10-15 5 Anthony Rowley - From Anthony Rowley in TOKYO THE chairman and chief executive of the New York Stock Exchange, William Donaldson, yesterday predicted a "massive realignment" of worldwide investment portfolios that would revolutionise financing prospects for Asian and other emerging market companies. Mr Donaldson461 words
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Article, Illustration40 1994-10-15 5 AFP BELFAST A recently Finished mural of the outlawed Ulster Volunteer Force, painted on the gable wall of Belfast's Woodstock Road. The Loyalist Military^Command announced their ceasefire on Thursday to take effect at midnight local time. AFPAFP - 40 words
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423 1994-10-15 5 Reuter WASHINGTON US business leaders and trade officials geared up yesterday for a November Apec summit, focusing on new ways to pay for huge projects in telecommunications, power and roads in Asia. In a closed-door State Department session hosted byReuter - 423 words
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161 1994-10-15 5 Reuter AFP ROME More than three million people took to the streets yesterday during a fourhour general strike over Italy's 1995 budget that turned into a mass protest against Prime Minister Silvio Berlusconi, unions said. The turnout for demonstrations in allReuter; AFP - 161 words
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340 1994-10-15 5 Bloomberg Business News WASHINGTON The Clinton administration will deny trade benefits to countries that refuse to sufficiently open their financial service markets to foreign firms, Treasury Undersecretary Lawrcncc Summers said yesterday. Mr Summers, speaking to a Japan research organisation, saidBloomberg Business News - 340 words
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538 1994-10-15 5 Reuter NEW YORK First, Visa throws mud on American Express Co's new credit card in huge newspaper ads, claiming that "heck, 7 million merchants don't accept it." American Express comes back with double the advertising space, twisting Visa's slogan to mockReuter - 538 words
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309 1994-10-15 5 Bloomberg Business News WASHINGTON Investment in derivative financial securities. which caused heavy losses for some companies and mutual funds, may also endanger pensions of the nation's retirees. US lawmaker Henry Gonzalez said on Thursday. As a result, Mr Gonzalez, chairman of the HouseBloomberg Business News - 309 words
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WORLD WATCH
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Article78 1994-10-15 5 Reuter BRUSSELS The European Commission yesterday said it lias adopted legislation to liberalise satellite telecommunications equipment and services throughout the European Union. The directive was agreed under a treaty provision giving the Commission special powers to adopt legislation without approval of EU member states. The Commission saidReuter - 78 words
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Article, Illustration56 1994-10-15 5 Reuter WASHINGTON US President Bill Clinton holding up a Motorola radio on Thursday during ceremonies at the White House to sign the Federal Acquisition Streamlining Act. The Act is designed to make it easier for the government to purchase items like the radio and spend lessReuter - 56 words
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90 1994-10-15 5 Reuter FRANKFURT Some major German banks, braced for swings in the mark, will open for foreign exchange trade tomorrow evening as German election polls close. German cash debt dealers, however, expect to do little trading tomorrow, although futures trade will begin earlier on Monday.Reuter - 90 words
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68 1994-10-15 5 Reuter BONN Deutsche Telekom, the German phone giant slated for partial privatisation, plans to seek a listing on the New York Stock Exchange in 1996, a German government official said yesterday. Eckart John von Freyend, finance ministry director in charge of government holdings, saidReuter - 68 words
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75 1994-10-15 5 Reuter LISBON Portugal's centre right-government is expected to unveil a tight 1995 Budget on Monday that will cut the public scctor deficit, raise value added tax (VAT) and keep wages in chcck. But Prime Minister Anibal Cavaco Silva hopes strong exports and a 15Reuter - 75 words
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Page 5 Advertisements
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Advertisement514 1994-10-15 5 "CUPSAL CLIPSAL INDUSTRIES (HOLDINGS) LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT 1. NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Clipsal Industries (Holdings) Limited (the "Company") will be held at 9.30 a.m. on 31 October 1994, at The Oriental Singapore. Renoir514 words
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COMPANIES & MARKETS
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460 1994-10-15 6 Harish Mehta - Singapore/KL companies" investments in Cambodia Reports by Harish Mehta SJNGAPORL Asia-Pacific Breweries Ltd. maker of Tiger and Anchor beers, has been awarded a licence to start a brewery in Phnom Penh at a cost of about USS2O million (SS2B million),460 words
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335 1994-10-15 6 SINGAPORE Cambodia has awarded a USSIO million (5514.8 million) contract for its first independent power producer (IPP) to a consortium including Kuala Lumpur-listed Leader Universal Bhd. Cambodian First Prime Minister Prince Norodom Ranariddh said in an interview with Business Times335 words
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254 1994-10-15 6 Rahita Elias - By Rahita Elias SINGAPORE Logistics specialist CWT Distribution has tied up a USS2O million (5529.6 million) joint venture to set up and operate Phnom Penh's first inland container depot. The group, which is fast expanding the scope of its businesses in Asia, has254 words
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259 1994-10-15 6 Rahita Elias - By Rahita Elias SINGAPORE Hongkonglisted Singamas Container Holdings' private placement tranche of 28 million new shares has attracted applications for 45.7 million shares a subscription rate of 1.63 times. Given the strong institutional interest, lead manager DBS Bank has allocated at its discretion 10259 words
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754 1994-10-15 6 Ho kay Tat - HOG|;LO|K SIEW By Ho kay Tat KUALA LUMPUR Business in the new corporate frontier state of Sabah looks like heading in the same direction as its politics, which has over the years gained a notorious reputation as the754 words
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Article, Illustration401 1994-10-15 6 Schutz Lee - By Schutz Lee SINGAPORE The Norinco Fund is hoping to secure u Singapore primary listing for at least one of 18 China-based joint ventures under its management within the next 12 months. Norinco is the first Chinabased direct investment vehicle to have401 words
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EYE on your STOCKS
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Article18 1994-10-15 6 For next week exptiled market sentiment, vtv Hl' Sentiment Index on FA.4 (Personal Finance Investment section)18 words
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Article, Illustration139 1994-10-15 6 Paul Leo - -By Paul Leo The Hour Glass has been trading in a downward-sloping channel formed by drawing two parallel lines joining the peaks and troughs since its recent high of 52.08 on Aug 8. At yesterday's close of $1.66, the downside is limited and a break above the channel139 words
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SHIPS IN PORT
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Article484 1994-10-15 8 Vessel Voy Wo Berth Vrwal Departure Vessel Voy No Berth faroal Departure lurstis Port Batam So«44 ****** P01A 1410/2230 1410/2300 Mb S» 10/94 J6 alonnit 1510/2200 Bhie lade 66A P08A 1410/1500 1510/1800 taGuna 10/02/44 120/21 aonprie 15.10,2300 Ualia *i30 OK 'J'® !c!X'Jl{S Her Wen No 1 002484 words
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Article1760 1994-10-15 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From Ac, lade 208* 16/0600 1A 14/1500 14 1659 14/1900 IB 14/1500 14/1659 14/1900 3 15/0 AX) 15/1159 15/1400 4 15/1200 15/14591,760 words
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COMPANIES
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Article, Illustration384 1994-10-15 7 Alec Almazan - Reports by Alec Almazan SINGAPORE The Singapore Changi Airport Consortium has been chosen as design and project management consultant for a new US$42O million (***** million) passenger terminal at Manila's international airport. A preliminary agreement was signed yesterday with the Philippine principal, Asian Emerging384 words
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237 1994-10-15 7 SINGAPORE The Italian Thai Development Public Company has won preliminary approval from the Philippine government for the US$3 billion (554.4 billion) conversion of Clark Air Base into an international airport. Under a memorandum of understanding signed yesterday at the Shangri-La Hotel here, the237 words
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187 1994-10-15 7 SINGAPORE Listed electronics component manufacturer Acma Ltd has formed a joint venture with its Malaysian associate to market Unisys computer products in Russia. Acma announced yesterday that it has taken a 60 per cent stake comprising 600,000 shares at $1 par187 words
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Article519 1994-10-15 7 MaMgtrV priCM Oct IS 17 Mendaki Gr Fund 1.19 l.22xd Singapore Unit Trust use,fund o.9 8 102ThecZTae ui 18. UMB Invest Mgt Ltd The Savings Fund 1.67 1.77 Umfund 1.57 1.64 S pore Prog Fund 0.66 0 70xd Unibond 4- I 04 1.065 S"pore Sec Fund 1.04 1.10 United Or519 words
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419 1994-10-15 7 Loh Hui Yin - From Loh Hui Yin in BANGKOK BRITISH broking firm Smith New Court is moving into investment banking here and at the same time, switching Thai partners. The company is ending its technical tie-up with MultiCredit Corp to make a new and wider419 words
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COMPANY BRIEES
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Article67 1994-10-15 7 Reuter KUALA LUMPUR Trading in ihe shares of Berjaya Group Bhd and three other companies in the group was suspended at the companies' request pending an announcement, a Kuala Lumpur Stock Exchange official said. Berjaya Group closed on Thursday at M 54.18. Berjaya Industrial BhdReuter - 67 words
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66 1994-10-15 7 SINGAPORE Sembawang Engineering was yesterday awarded a multi-million-dollar contract to build pressure vessels for use at the new Pulau Seraya petrochemical complex. The value of the contract was not revealed, but it is believed to be one of the largest awarded for pressure vessels by66 words
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Article81 1994-10-15 7 SINGAPORE Singapore Aerospace has wound up two subsidiaries. It said yesterday that V-One and Wanaka were wound up on Sep 30. V-One was incorporated in September 1990 as a joint venture between SAe, International Aircraft Services, Global Avionics. Christiana Bank and Valsan Partners, with each81 words
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85 1994-10-15 7 SINGAPORE Injection moulder Meiban Plastic made a disappointing debut on Sesdaq yesterday, closing at 49.5 cents almost 5 per cent below its 52 cent issue price. The counter reached a high of 52.5 cents three minutes after opening, but fell sharply soon after to85 words
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Article64 1994-10-15 7 Reuter KUALA LUMPUR Trading in Malaysian timber group Minho Bhd shares has been suspended at the company's request pending an announcement. The counter rose 15 cents to M 58.70 on volume of 5.7 million shares yesterday before the suspension. Brokers said the stock had beenReuter - 64 words
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Article41 1994-10-15 7 Bernama KUALA LUMPUR Bandar Raya Development Bhd said it has purchased, through its subsidiary Mendigo Corporation Sdn Bhd, 3.58 million M 50.50 ordinary shares in Magnum Corporation Bhd for M 523.31 million (S$ 13.44 million). BernamaBernama - 41 words
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Article47 1994-10-15 7 Bernama KUALA LUMPUR Gamuda Berhad reported a group pre-tax profit of M 533.68 million (5519.42 million) for the year ended July 31, up 10.27 per cent from M 530.54 million. A first and final dividend of 10 per cent was recommended. BernamaBernama - 47 words
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296 1994-10-15 7 Leslie Lopez - From Leslie Lopez in JAKARTA ONE of Indonesia's three listed cement groups, PT Semen Cibinong, said concern over its operations is misplaced and its financial prospects for the year are encouraging. Group general manager of finance Tom O'Brien said this week that past dips296 words
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215 1994-10-15 7 SINGAPORE Property developer Tuan Sing Holdings and its construetion subsidiary SPP have announeed management appointments to chart their next phase of growth. The group said yesterday it had appointed Hwang Soo Chin as Tuan Sing's managing director and Lau Cheng Soon as SPP's managing215 words
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332 1994-10-15 7 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR HONG LEONG Bank Bhd. one of the year's most eagerly awaited flotations, is expected to trade at a big premium over its public offer price of M 53.30 (551.91) a share when332 words
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430 1994-10-15 7 Vincent Tan's libel suit Bernama KUALA LUMPUR The Ms2o million (S$ 11.5 million) damages sought by Berjaya Group Bhd chairman and chief executive officer Vincent Tan for alleged libel in four articles which appeared in Malaysian Industry magazine is an excessive amount,Bernama - 430 words
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375 1994-10-15 8 Lim Soon Neo - From Lim Soon Neo in HONGKONG MORE information surfaced yesterday about the alleged criminal past of Yu Pun Hoi, chairman of Ming Pao Enterprise and South Sea Development, who is being investigated by the Stock Exchange of Hongkong over his failure375 words
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354 1994-10-15 8 Reuter HONGKONG The China Securities Regulatory' Commission (CSRC) will require all securities-related contracts to include a mandatory arbitration clause, an official said yesterday. "We are issuing an ordinance which would require all securities institutions in China to have an arbitration clause included in anyReuter - 354 words
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191 1994-10-15 8 Bloomberg Business News TAIPEI Taiwan stocks tumbled in volatile trade on a newspaper report that the legislature will consider a proposal to impose a new capital gains tax, analysts said. The benchmark Weighted Price Index of the Taiwan Stock ExchangeBloomberg Business News - 191 words
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Article, Illustration550 1994-10-15 8 Bloomberg Business News HONGKONG The world s biggest retailer may slowly be coming around on the world's biggest potential market. Just 10 months ago. WalMart Stores chairman S Robson Walton said he saw a "pretty long time line" before expanding intoBloomberg Business News; Reuter - 550 words
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324 1994-10-15 9 Reuter WASHINGTON The Securities and Exchange Commission said on Thursday it wanted a second opinion on whether it should provide liability protection to companies that make earnings forecasts, a controversial issue among companies and shareholders. The SEC, reacting to aReuter - 324 words
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Article, Illustration372 1994-10-15 9 Juliette Walker - By Juliette Walker US-BASED specialty chemicals, packaging and healthcare company W R Grace Co plans to invest US$25O million in the Asia-Pacific to treble its revenue from the region by the year 2000. President and chief executive J P Bolduc372 words
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285 1994-10-15 9 Bloomberg Business News TOKYO In an unprecedented move, Japan's Ministry of Finance will try again to sell stock in Japan Tobacco that investors spurned last month. The ministry said late yesterday that it would attempt to sell the 284,037 JapanBloomberg Business News - 285 words
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377 1994-10-15 9 Bloomberg Business News NEW YORK Several major US banks said third-quarter profits were bolstered by improved lending, while earnings declined at J P Morgan Co showing how tough it can be for banks that look to Wall Street for profits. At BankBloomberg Business News - 377 words
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184 1994-10-15 9 Bloomberg Business News BEVERLY HILLS. California Hilton Hotels Corp said its third-quarter earnings rose 32 per cent because a surge in summer travel boosted hotel results, and because the company lost money on property and currency transactions in the year-ago period. The BeverlyBloomberg Business News - 184 words
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420 1994-10-15 9 Reuter SYDNEY A massive \52.2 billion (552.4 billion) float of Australia's largest motoring and insurance group was cast into turmoil yesterday after a court found the float's prospectus deceptive. Justice William Ciummow of the federal court ruled on Thursday that theReuter - 420 words
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280 1994-10-15 9 Bloomberg Business News SEOUL Pohang Iron Steel Co (Posco), the world's second-largest steel producer, listed US$3OO million (***** million) worth of shares on the New York Stock Exchange yesterday. becoming the first South Korean company to listed shares on anBloomberg Business News - 280 words
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COMPANY BRIEFS
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Article99 1994-10-15 9 Los Angeles Times SAN FRANCISCO Microsoft Corp. pulverised in the market for personal finance software by comparatively puny Intuit Inc. has decided that if you can't beat 'em. buy 'em. The Washington giant said on Thursday that it will pay US$l.5 billion (552.2 billion) inLos Angeles Times - 99 words
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85 1994-10-15 9 AFP TOKYO Japanese department store operator Mitsukoshi Ltd yesterday announced a pre-tax profit of 647 million yen (559.57 million) for the six months to August, reversing a loss of 1.8 billion yen a year earlier. The company, an affiliate of the Mitsui group,AFP - 85 words
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Article90 1994-10-15 9 Reuter HONGKONG Cable Wireless pic of Britain yesterday said it is holding preliminary discussions with other shareholders of Macau's telecommunications company Companhia Telecommunicacoes de Macau, of which it owns 51 per cent. It said the discussions follow a statement by the Macau government that itReuter - 90 words
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Article100 1994-10-15 9 AFP MANILA A subsidiary of Australia's Coplex Group of Companies has sought approval to offer 9.804 billion shares to the public at one centavo per share to fund oil and gas exploration projects in the Philippines, sources said yesterday. Cophil Exploration Corp has asked the SecuritiesAFP - 100 words
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Article109 1994-10-15 9 Bloomberg Business News BURBANK. California Walt Disney Co chairman Michael Eisner on Thursday named Disney veteran Chris McGurk as president of The Walt Disney Motion Pictures Group, the spot left vacant when Jeffrey Katzenberg resigned in August. The announcement comes one day after MrBloomberg Business News - 109 words
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FINANCE & COMMODITIES
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373 1994-10-15 10 Shiv Taneja - By Shiv Taneja SINGAPORE The listing of futures based on the Nikkei Stock Index 300 on the Singapore International Monetary Exchange has been delayed. In an interview with Nikkei Meekly, published this week, Simex chairman Elizabeth Sam said the "listing date might373 words
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Article, Illustration372 1994-10-15 10 DBS weekly currency review L'SS/mark: bearish triangle target at 1.4560 The US dollar fell this week, from Monday's high of 1.5514 to a low of 1.5260 level yesterday morning. The technical picture points south, as a bearish triangle pattern is seen in the daily bar chart372 words
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372 1994-10-15 10 Reuter LONDON Gold is poised on the cusp of a third Elliot Wave that could propel the market through the US$4OO barrier before the end of the year, chart analysts said. "We are expecting an extremely strong, powerful movement in theReuter - 372 words
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311 1994-10-15 10 Eastern Express HONGKONG The amount raised by Hongkong banks through issues of negotiable certificates of deposit (NCDs) has surged this year as the banks are seeking a better match between their long-term assets and liabilities. The outstanding amount of Hongkong-dollar NCDs,Eastern Express - 311 words
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344 1994-10-15 10 Reuter GENEVA China's future rubber buying patterns remain the key to the world supply and demand balance, said James Hegarty, the new buffer stock manager of the International Natural Rubber Organisation (lnro). "China has not been in the market recently andReuter - 344 words
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309 1994-10-15 10 Reuter LONDON British merchant bank profits are expected to suffer this year due to a downturn in markets but financial analysts say the problems have been exacerbated by a lack of tight cost control and adequate riskReuter - 309 words
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293 1994-10-15 10 Bloomberg ENERGY REPORT LONDON Brent crude futures were steady as traders closed-out positions following a five-day price slide that slashed 7.6 per cent off the value of the December contract. At 5 pm London time, December Brent futures were six cents up at U5515.82 a293 words
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Article193 1994-10-15 10 Bloomberg Business News LONDON The dollar fell to a three-month low against the mark and retreated against most other major currencies after a stronger-than-expected rise in US retail sales sparked concern US inflation is poised to accelerate. The US currency's weakness against the mark was compounded asBloomberg Business News - 193 words
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Article87 1994-10-15 10 Reuter NEW YORK The dollar slumped further at midday amid an increasingly bearish mood. Traders said very weak technicals pointed to a nearterm retest of the 1994 low of 1.5155 maris set on July 12 and to a possible break of the 1.50-mark level. At midday, the dollarReuter - 87 words
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Article, Illustration1473 1994-10-15 10 I raJeHtifhlfd i/nik-v lulculaled aruinu IS'/mre'i lop 14 ira Jinx pannnt base war 198* US$/S$ forward rates Noon Oct 14 Bid Oder 1-month 1.4730 1.474} 2-month 1.4710 1.4725 3-month ***** ***** 6-month 1.4635 1.4655 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m Oct 13 Singapore dollars1,473 words
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COMMODITIES & FUTURES
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Article1288 1994-10-15 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen ended sharply higher while Eurodollars futures closed steady. Dealers said Euroyen got a boost from the firmer yen as well as Bank of Japan's (BOJ) easing stance in the money market. "The BOJ continued to maintain an easy stance. ThisReuter - 1,288 words
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654 1994-10-15 11 COMMODITY REPORTS KL Tin TIN gained seven sen to dose at MS 13.61 a kg. reflecting rising prices in London, dealers said. "The market rose as prices moved up USS6S in London. And Japanese buyers came into the market to buy." said654 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article66 1994-10-15 11 HONGKONG China's January-August gold production is up 34.5 per cent compared with the same period last year, despite severe flooding problems in some mines, the China Daily reported on Thursday. The article did not give an amount for gold production in the eight-month period, but66 words
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87 1994-10-15 11 KUALA LUMPUR Growing frustration over poor returns is pushing more Malaysian plantation firms to downgrade cocoa and replace it with palm oil. Kumpulan Guthrie, a leading plantation, started replacing cocoa with palm oil this year after a five-year wait for the markets to pick87 words
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Article82 1994-10-15 11 HONGKONG China's Shangdong and Henan provinces both expect a good harvest in grain and oil-bearing crops this year, the Xinhua News Agency reported. The eastern Shangdong province is expected to harvest a record of 41.25 million tonnes of grain this year, the report said. The82 words
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Article69 1994-10-15 11 HONGKONG China's Vice-Premier Lin Lanqing called on governments at all levels to "keep a tight rein on the cotton market, to fulfil the task ot cotton purchasing and hold cotton resources firmly in the hand of the state." the China Daily reported yesterday. The69 words
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Article1459 1994-10-15 11 Rubber Oct u Singapore Commodity Exchange Physkal Prices (futures closing as at 5.30pm) Buyers Sellers As at 12 Men (S cents/kg) RSS 1 Contract (S cents/kg) r-: pr— RSS 2 Nov 94 204 00 205.00N h» u. a A JJ-S-J Nov 94 203.50 1650 RSS 5 Nov 941,459 words
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REGIONAL STOCK MARKETS
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Article1008 1994-10-15 12 7.1 Wall Street's positive reaction to US inflation data combined with a rise in the gold sector boosted Australian share prices yesterday, pushing the key index back up through the psychologically important 2.000 barrier. The All Ordinaries Index finished 7.1 points, or 0.3 per cent, firmer at 2.006.0 while1,008 words
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Article679 1994-10-15 12 +9.18 Philippine share prices inched up for the third straight day yesterday to just below the 3.000point mark on continued buying in property stocks, blue chips and second-liners, analysts said. The Philippine Stock Exchange Composite Index added 9.18 points, or 0.30 per cent, to close at 2,999.93. Week on679 words
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Article441 1994-10-15 12 +6.83 The Composite Stock Index ended at a new closing high of 1,103.37 after selling by a state fund failed to stop a buying spree, brokers said The index, renewing closing records for the fifth consecutive session, ended at 1,103.37, up 6.83 points from the previous closing high of441 words
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Article571 1994-10-15 12 -58.62 Taiwan share prices closed lower following a two-day rebound amid nervousness about a securities capital gains tax proposal before parliament, brokers said. The index ended down 58.62 points, or 0.88 per cent, at 6,567.77 on active turnover of NT583.23 billion. Parliament yesterday morning asked its finance committee to571 words
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Article294 1994-10-15 12 13.52 Shares ended firmly, despite September quarter inflation coming in at the upper end of expectations. The NZSE-40 Cap Index was up 13.52 at 2.057.22. Jeremy Ashcroft at Hendry Hay Mcintosh said investors were cautious, particularly after volatility on Wall Street overnight. He expected next week's direction to294 words
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Article117 1994-10-15 12 -15.45 Shares on the Bombay Stock Exchange (BSE) finished lower on lack of adequate buying support from domestic and foreign mutual funds, brokers said. They said that a dull mood prevailed throughout the session as many dealers were unable to reach the ring due to disruption of train services117 words
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WORLD STOCK MARKETS
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Article130 1994-10-15 12 -22.66 French shares ended the day down in the wake of other markets and a feebler dollar, after a series of US economic indicators. Investors remain sidelined ahead of this weekend's German parliamentary elections. The index was down 22.66, or 1.16 per cent, at 1,933.02. Of the CAC-40 stocks,130 words
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Article168 1994-10-15 12 +23.1 German stocks rose as investors settled in behind bets that Chancellor Helmut Kohl, the market's choice, will be voted back into power in Germany's national election tomorrow. The DAX Index of 30 leading stocks rose 23.1 points, or 1.11 per cent, to 2,105.73. Among the index' constituents, 25168 words
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Article179 1994-10-15 12 -5.72 Belgian shares ended lower after spending the whole day in negative territory, depressed by a weaker dollar and book squaring ahead of the national elections in Germany. The Bel 20 Index of leading stocks closed 5.72 points or 0.41 per cent lower at 1,373.96. edging upwards from the179 words
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Article134 1994-10-15 12 -101 Italian stocks closed lower amid lingering concerns about the government and its budget and falls on other European markets. The Italian stock market's Mibtei Index closed down 101 points, or 1.l per cent, at 10,119. On Thursday it rose 1.1 per cent as markets worldwide were boosted by134 words
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Article293 1994-10-15 12 +31 South African shares finished mostly firmer yesterday as follow-through support after Thursday's rally and renewed interest after recent losses boosted prices. But dealers said gold shares remained depressed by a soft bullion price, and interest was limited in the sector. The overall Index collected 15 points to 5,627,293 words
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Article779 1994-10-15 12 -35.2 Shares retreated in a smart correction to the sharp gains of past days which left market watchers divided over whether the recent rally would continue. The FTSE 100 closed down 35.2 at 3,106.7, just above the low for the day of 3,104.2. Traders said the market succumbed to779 words
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Article233 1994-10-15 12 +0.85 Shares closed firmer in a late flurry of options related trading and stock-picking, in an otherwise motionless session, uninspired after US CPI, and investors cautious ahead of the German elections. The AEX Index ended up 0.85 at 408.16 after opening at low of 404.72 on profit-taking. Financials were233 words
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Article128 1994-10-15 12 +2.9 Swedish stocks rose for a fifth day amid optimism US interest rates won't rise, which would benefit profits of Sweden's international companies. The OMX Index of 30 leading stocks rose 2.9 points to 1135.68, its highest close since Sep 15. Seventeen stocks rose, 10 fell and three were128 words
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Article270 1994-10-15 12 Swiss shares ended slightly easier but above the day's lows. Dealers said volume was average, with activity centred on banks, mainly ÜBS and CS Holding. Dealers said yesterday's long-awaited US economic data were in line with expectations and influenced trade only for a short time. The market assumed Germany's270 words
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Article284 1994-10-15 12 -17.11 Stocks fell at midday despite neutral inflation data from the United States. The TSE 300 Index sank 17.11 points at 4326.26 in volume of 23.12 million shares valued at C 5254.80 million. Declines led 325 to 190 with 345 issues unchanged. On Thursday stocks gave up earlier solid284 words
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Article847 1994-10-15 12 -4 Profit-taking at the end of a strong week and a shaky dollar in Europe kept Wall Street stocks trading lower at midday. The Dow was down four at 3886 while declines led advancing issues by about II to eight. US Treasuries were firm, with the long bond847 words
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Article573 1994-10-15 12 Vienna <K"1 M Wh MM M < 20 Hank VuMiu PS W < vbv \e t>n j IVN IW4 l> Hushjlcn 4T< 5 Icn/ing MM) 5 li'.kjm 4(l 4 Mjcubn MM V/ ll» 10 nfMWZ 4M -I VA Tcchimkntie lit*' onch V«Wh« -M -I Ycitmnd AIik I** f 4 *wncrtwtj573 words
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Article, Illustration3006 1994-10-15 13 Reuter HONGKONG Stocks closed firm but well off the day's highs as investors were quick to take profits after an early rally. The benchmark Hang Seng Index added 18.58 points to 9,550.93 after rising 128 to nearly 9.660 in early trade. Analysts said market heavyweight HSBC Holdings was theReuter; Source: Bridge Info - 3,006 words
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Article, Illustration566 1994-10-15 13 CLSA TURNOVER in Shanghai B shares was low at US$2.9 million, with most counters moving within a 2 per cent range on dull trading. The CLSA B Index was at 863.12 up 0.72 points. In Shenzhen, The CLSA B Index closed down 2.27 points at 1,196.90. Victor Onward gainedCLSA - 566 words
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Article, Illustration2499 1994-10-15 13 Reuter AFP TOKYO Stocks finished lower as small-lot index selling emerged after four straight days of gains, brokers said. The weakening dollar, which fell below 99 yen, also weighed heavily on share prices, they said. However, sentiment was not hurt much by yesterday's drops as investors see the declinesReuter; AFP; Source: Bridge Info - 2,499 words
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Article, Illustration1764 1994-10-15 13 Reuter BANGKOK Thai stocks closed much higher on buying in the afternoon after a dispute that threatened one of the parties in the government coalition appeared to have been resolved, brokers said. The SET Index closed 23.49 points higher at the day's high of 1,498.55 on heavy 9.7 billionReuter; Source: Bridge Info - 1,764 words
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Article, Illustration1093 1994-10-15 13 Reuter JAKARTA Share prices closed mixed in dull trading with many investors sidelined because of a lack of fresh factors, brokers said. "Trading was fairly directionless although Indofood and Sampoerna were well supported which should help boost the index," one foreign broker said. He said the government's decision toReuter - 1,093 words
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Article2641 1994-10-15 14 MOST ACTIVE volume PmmI MjHUWI MBK Mid 7MI 000 StaHOkRa M3M0j MOijfcaSiK I.4HW0 Ind Kvgv n \N|f5 6. MI t**) longkah Mklgs 4-4 IVgi Mnui 4J4lj000 kins Hvd Mfc 4.047.000 XnulSUvl Mfc 4.00MM*) Hcx/a oipn MX J.-VVVlWD VI *>.000 Bcr)a>d 1 tnmp 2.**>V0t)0 Mciungi'oip ...2,656.000 MOST ACTIVE value2,641 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5680 1994-10-15 14 AFP KUALA LUMPUR Malaysia's key stock barometer closed lower yesterday, weighed down by profit-taking in mainly blue chips, as players searched for fresh leads. The Kuala Lumpur Stock Exchange Composite Index, which tracks 86 quality stocks, slipped 7.22 points to 1,128.45 from 1,135.67AFP; Source: Bridge Info - 5,680 words
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STOCK EXCHANGE OF SINGAPORE
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Article8135 1994-10-15 15 Gr Gr M 1994 Lad Vol Day Last 0»*« W» JW* v J Jj|« High Lao Compaii Salt ("OHO) Hick Ij>» viler C\r P'C imil P»** INDUSTRIAL AND COMMERCIAL 1440 835 ml 5 Ac ma ll00cd+20 102 1100 1080 1090 1100 17.5 4.7 1.6 176 7582 I06J 547* 267* s8,135 words
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Article, Illustration1918 1994-10-15 16 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Local share prices rose across the board after the release of a key US indicator which showed an unexpected fall in wholesale prices in September but Clob international counters were hit by profit-taking. A large numberCharts by Bridge Info; Source: Bloomberg - 1,918 words
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Page 6 Advertisements
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Advertisement9 1994-10-15 6 Singamas promises to be an attractive China pla>, ELS9 words
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Advertisement305 1994-10-15 6 NEWS VALUE How totlay 's news alki t your slinks Alan Yeo fights to keep perks and post (pg I) The new team seems to be a determined and decisive lot. WBL, Polytek ask for share trading suspension (pg I) Polytek surprisingly steady yesterday. US consumer prices up only 0.2%305 words
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Page 7 Advertisements
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Advertisement204 1994-10-15 7 TCECJTTVE fIPPCHNTMENTS] We ure u group of companies with u proven truck record in the tield of education. We seek u dynamic. resourceful and results oriented sc-lf starter to develop and manage our new niche business. H| Managing Director |M 1 he lob: Reporting to the Board of Directors of204 words
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Page 9 Advertisements
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Advertisement144 1994-10-15 9 Be Smart I That's you Check what we have to offer before i you make your decision. Especially if you're 1-^ considering an Endowment Plan under the VS M Enhanced Investment capital Boom or /S\ <srhpme Very High Return V fV j\ £VV Stocks Shares High Risk, High Return j144 words
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Page 10 Advertisements
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Advertisement49 1994-10-15 10 You may have been unable to get your Business Times, Straits Tunes, Sunday Times, UanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, cad Customer Services Section on 1800-749-2577, and ask tor home or office deKvery service.49 words
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Page 11 Advertisements
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Advertisement157 1994-10-15 11 irrr»a #1 offshore i MfV COMPANY SPECIALISTS I With a worldwide team of 125 multi-disciplined I professionals and a network of international H offices, OCRA provides confidential and cost I effective company formation in all the major low H tax areas including: H •BRITISH VIRGIN ISLANDS BAHAMAS IRELAND H WESTERN157 words
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Advertisement54 1994-10-15 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Financial A Quick Look At The Martlets! Call 24 hours a day for SES KLSE midday reports. closing world market reports and business news. Cost: 30 cents a minute Mine54 words
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Page 12 Advertisements
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Advertisement7 1994-10-15 12 n, most aiiracl ive men have glasses.7 words
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Page 13 Advertisements
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Advertisement118 1994-10-15 13 GIVE NEW LIFE TO YOUK HAIR Facing hair problems like balding, thinning hair, damaged hair, dandruff and mL. premature grey hair? Don't despair, come to Hay's Formula, we give professional hair treatment with a secret formulation madeof 100%, HERBAL PLANT EXTRACTS. Hay's Formula provides all natural and effective solution to118 words
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Page 14 Advertisements
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Advertisement106 1994-10-15 14 a l l I^l —K^— Jfc -< Swßrj^p^flK^^^B GV4O9M VCR {PAI/MESECAM Tetetext) rX q kj NTSC playback on PAL TV) 37-050 V ST 70-655/8 text (28" Ntcam Stereo) 'n«) bFA P he| |33" Ntcam Stereo) £> sf| Whether it's the Bull or the Bear, CRlinniG ASIA RADIO SINGAPORE PTE. LTD.106 words
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Page 15 Advertisements
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Advertisement173 1994-10-15 15 NEW BALANCE presents the vfntiirf serifs The MK9O7s offer real running shoe American Classics Collection De- technology. Real running shoe supsigned to take the work out of walk- P° n and comfort J usl what did 7°" ing. These elegant shoes look better expect from a company that makes when173 words
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Page 16 Advertisements
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Advertisement245 1994-10-15 16 WINNERS' CIRCLE Which stock gave investors a 7 return of nearly 1,000 per cent over the past four years? And earners? Find out in our j ALSO IN THIS ISSUE: Surging values in office property City-by-city guide to Aussie homes Mother-daughter team invest in China HSBC: The making of a245 words
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Advertisement116 1994-10-15 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 I Find a new owner for your apartment Make a move (o sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad. U5550,000,000 Floating Rate Certificates of Deposit due 30th march, 1998 In accordance with the provisions116 words
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Executive Lifestyle
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Article, Illustration1735 1994-10-15 17 Jaime Ee - Before Singapore goes into 'Defeat Depression' week later this month, Jaime Ee tries to find out what makes people happy Jaime Ee UA RE YOU happy?" A Talk about a loaded question. Think about it. What's JL. JLfa. "happy", anyway? It's Hot a question you ask1,735 words
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STRAWS IN THE WIND
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Article66 1994-10-15 17 A TOURIST visiting Cameron Highlands hit a trekking trail and was given a map to guide her through. On one of the routes she chose, the instructions on the map said: "It is about 100 m to the power station if you require assistance. arouse the gatekeeper". Wow.66 words
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Article59 1994-10-15 17 IN Kuala Lumpur, this same tourist was on a bus tour with a bunch of Caucasian visitors when the tour guide said: "Oh, that is the palace of the king. In Malaysia we have a very unique system of choosing the king. He is chosen from nice sultans59 words
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Article33 1994-10-15 17 ALSO in Malaysia, an Indian food stall's idea of simplifying its menu for foreigners was to describe murtabak as "pancakes with assorted filings". Talk about getting enough iron in your diet.33 words
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Article19 1994-10-15 17 TALK about intensive medical care. This sign was spotted along Tiong Bahru Road: "Chinese Electrical Treatment Clinic".19 words
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OPINIONS
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Article, Illustration870 1994-10-15 18 Said Abdullah - As foreign investment pours into Myanmar, the junta could reap more international goodwill if it released Aung San Suu Kyi, says Said Abdullah Said Abdullah The writer is a BT journalist THE MOST encouraging piece of news to emerge from Myanmar since870 words
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850 1994-10-15 18 Prem Shankar Jha - Prem Shankar Jha says the tragedy in Surat shows how little the Indian authorities are doing to malce life bearable for the people Prem Shankar Jha The writer, former editor of The Hindustan Times, contributed this article to BT INDIA'S epidemic of plague850 words
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Article766 1994-10-15 18 Michael Barkun - Michael Barkun says branding apocalyptic sectarians like the Solar Temple as cults precludes understanding how they work Michael Barkun The writer, a political science professor at the Maxwell School of Syracuse University, is the author of Religion and the Racist Right This article first appeared in the766 words
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CORPORATE PROFILE
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Article, Illustration2527 1994-10-15 19 William Chia - Asia's corporate giants What changes have there been at Sime Darby since Nik Mohamed Yaacob took over the helm of Malaysia's largest conglomerate? Nik Mohamed talks to William Chia about his first year as group chief executive officer and outlines his vision for the corporationPhoto by William Chia - 2,527 words
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Article573 1994-10-15 19 DESPITE talk that Sime Darby is unexciting and lacks entrepreneurial drive, even its harshest critics concede that the giant conglomerate is one of Malaysia's best managed companies. But Nik Mohamed said Sime has no magic formula that makes its managers better than others. "At the end of573 words
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PERSONAL FINANCE & INVESTMENT
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BULL'S EYE
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Article, Illustration53 1994-10-15 20 BT SENTIMENT INDEX (Oct 17 21) Those polled on their views of the Singapore stock market tor the week ahead: Alliance Securities, Daiwa Securities, GK Goh, Morgan Grenfell Asia, OCBC Investment Research, Peregrine Securities. Phillip Securities, Schroder, Smith New Court, UOB Securities, W 1 Carr and Fraser Securities. Figures denote53 words
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Article255 1994-10-15 20 Zalik Securities (Oct 13) Larut. Although the price for the land in the Ulu Selangor District jointly acquired by Larut and Talam to develop a township is relatively very expensive, the project should generate MS500 million (SS288.2 million) in turnover and M$80 million in pre-tax profit over 15 years.255 words
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Article102 1994-10-15 20 Schroder Securities (Oct 12) Singamas. Will maintain a high earnings growth in the coming years in view of increasing contributions from new business areas. Despite its slight premium rating, offers good investment value in view of its fast earnings growth in the next two years. Appreciation potential can102 words
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Article115 1994-10-15 20 Sun, Oct 16. Singapore: Public offer of shares in Singamas closes at 9pm. Mon, Oct 17. Washington: US August business inventories reported. Tue, Oct 18. Adelaide: News Corp annual general meeting. Chairman Rupert Murdoch to attend. Singapore: Trading begins in Singamas shares on a "ready" basis. New York:115 words
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Article, Illustration373 1994-10-15 20 Eugene Marais - Eugene Marais Managing Director Baring Securities THE Singapore stock market is currently a sin-gle-theme market. The dominant story that is encouraging value investors to commit new money is the revival of the commercial property market. Although some claim to have identified this trend 18 months ago. it373 words
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Article, Illustration768 1994-10-15 20 Joyce Quek - THE WEEK By Joyce Quek THERE has been much talk about 1994 appearing to be a re-run of 1987, with investors concerned that there may be a repeat of "Black Monday". Black Monday Oct 19, 1987 will go down in infamyben cruz - 768 words
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Article, Illustration638 1994-10-15 20 Paul Leo - Wall Street guru Elaine Garzarelli tells Paul Leo what to expect for the US stock market Paul Leo NEXT year and 1996 will be good years for the US stock market. But the not-so-good news is that the market will remain neutral for the rest638 words
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652 1994-10-15 20 Agnes Chen - Mergers can leave minority shareholders holding the short end of the stick. Agnes Chen explains Agnes Chen This article first appeared in the September issue of Singapore Business magazine. A PIG in a python. That just about describes the uncomfortable result when a listed652 words
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Article, Illustration972 1994-10-15 21 Rahita Elias - By Rahita Elias THE Golden Lion has arrived, bringing with it the promise of a sound long-term investment. Hongkong-listed Singamas (Malay for Golden Lion) Container Holdings on Wednesday launched its offer of 50 million new shares in Singapore to raise HKSI3O million972 words
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Article, Illustration930 1994-10-15 21 Claire Leow - STOCK WATCH By Claire Leow THE semiconductor industry is booming, and it's easy to see why: semiconductors are everywhere. You use them when you call your stockbroker on the handphone, turn to Teletext to monitor share prices, or ask the washing machine to930 words
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Article, Illustration331 1994-10-15 21 Shiv Taneja - By Shiv Taneja IF YOU are looking for brokers' forecasts of companies' profits, there is The Estimate Directory. And if you are looking for corporate information on listed companies in Singapore and the region, there are several directories you can turn to. But331 words
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Article, Illustration658 1994-10-15 21 NYT SECOND marriages. Samuel Johnson said more than two centuries ago. represent the triumph of hope over experience. The saying also seems fitting for investors in airline stocks. Those who sat through four straight years of losses by American carriers have been hoping that thisNYT - 658 words
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Article, Illustration615 1994-10-15 22 SUSAN TSANG - oin€ni3 Rcvww By SUSAN TSANG FORREST Gump has been through it all. An innocent with an 1Q of 75, he has the serendipity to be in on every phase that has passed through America, and to have met key figures from Presidents (Kennedy, Johnson, Nixon) to the King.615 words
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Article, Illustration799 1994-10-15 22 PARVATHI N NARAYAN - Exhibitions By PARVATHI N NARAYAN The writer is an artist who contributed this article to Executive Lifestyle CC WANG belongs to a rare breed: he is a combination of a trained and reputed artist and calligrapher, as well as a collector-connoisseur of Chinese art. Wang was799 words
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Article, Illustration675 1994-10-15 22 SUSAN TSANG - Cinema Review By SUSAN TSANG CAROLINE Thompson is known as the scriptwriter who did Edward Scissorhands and Agnieszka Holland's adaptation of The Secret Garden. Now, she takes on that formidable kiddyclassic, Black Beauty, as writer and director. On top of the impressive writing credentials, Thompson675 words
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Article, Illustration582 1994-10-15 23 SHAHIRON SAHARI - Travel By SHAHIRON SAHARI EUROPEANS have this almost morbid fascination with the fortunes of Paris' Euro Disney theme park how much money it will lose each year, if it will close or if it will valiantly soldier on. Yes, Euro Disney is struggling,582 words
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TIME OFF
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Article185 1994-10-15 24 SDT's Mixed Emotions The Singapore Danee Theatre presents five dance pieces specially choreographed by Mohd Noor Sarman. Paul Ocampo. Kuik Swee Boon and Zhou Gui Xin. Today. Bpm at Jubilee Hall. Rallies Hotel tickets at $16 and $21 available at all Sistic outlets. Senior citizens and students will be185 words
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Article323 1994-10-15 24 SSO Concert Conducted by Choo Hoey. the SSO performs Wagner's Tannhauser Overture and excerpts from Berlioz's Romeo and Juliet. Guest performer is violinist Mayumi Fujikawa. Today. 8.15pm at the Victoria Concert Hall. Tickets at 4. 57. $10. $15 and $25 available from all Sistic outlets. Fou Ts'ong Recital The323 words
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Article343 1994-10-15 24 Singapore Film Society Screenings: The Philosopher's Stone What happens when a middle-aged bank clerk discovers a magic stone which brings him wealth and fame? Well, he gets wealthy and famous mostly, until his rival sets the police on him. Monday. 6.45pm at the Jubilee Hall. Screenings are for members343 words
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Article, Illustration845 1994-10-15 24 Kiln's Art Features sculpted works by New Zealanders Paul Laird, Darryl Robertson and Steve Fullmer. Until tomorrow. 10am to 7pm at the Queen's Room. Empress Place Museum. Landscapes and Calligraphic Images Over 30 paintings by eminent Chinese artist Wang Jiqian are on display. Until tomorrow. Ham to Bpm al845 words
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Article342 1994-10-15 24 Basic Class: Body Stories 1 Intensive, four-session workshop on how to use one's body to tell stories, mime technique, commedia del arte, grotowski movements and contact improvisation. Some experiences in theatre preferred but not essential. Class I ends on Oct 18. 7pm to 10pm: Class 2: Today. Oct 22342 words
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Article126 1994-10-15 24 Speak Out Stop Trade in Endangered Species There are still people dealing and trading in animals on the E-List. The Body Shop is inviting members of the public to sign petitions to stop such practices. L'ntil Oct 23. at all Body Shop outlets. Dragon Kids English Headstart Programme For126 words
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Article110 1994-10-15 24 Agnes of God The controversial play about a novice nun named Agnes who allegedly murders her baby. Today. Bpm at the Guinness Theatre. Tickets at $20 available from the Substation, Tangs and Centrepoint. Hope The Necessary Stage stages this play (rated PG) about four people in deep110 words
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Article143 1994-10-15 24 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Fonim The Shopping Mall. Ginza Plaza, Junction 8. Liang Court. Raffles City. Scotts, Specialists Centre. Takashimaya, Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at143 words
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PEOPLE
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Article, Illustration117 1994-10-15 24 OAKWELL Engineering, an oil and gas industry supplier and contractor, recently celebrated its 10th anniversary at the Orchard Hotel. Some 300 business associates, bankers and staff attended the party. The company has much to celebrate, having grown from a staff strength of just seven to the present117 words
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SPORTS
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Article, Illustration806 1994-10-15 25 Asian Games AP HIROSHIMA Singapore won its third and fourth bronze medals of the Asian Games and fifth and sixth medals in all through the Chinese martial art of wushu yesterday. Tan Mui Buay came in third in the women's taijiquan event whileAP; Reuter - 806 words
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535 1994-10-15 25 AFP HIROSHIMA The Asian Games stadiums may look empty to spectators and competitors. but organisers insisted yesterday that attendances are as expected. Barely a quarter of the seats in the main athletics stadium were taken up yesterday. And even withAFP - 535 words
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Article790 1994-10-15 25 AP HIROSHIMA Embarrassed by 15 AWOL athletes, officials at the Asian Games urged delegation leaders yesterday to watch their teams more closely. Games officials responsible for the Athletes Village made the plea in an emergency meeting of all delegation leaders following the announcement on Thursday night that sixAP - 790 words
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Article, Illustration77 1994-10-15 25 Reuter HOUSTON Vinny Tcstaverde threw a 25-yard scoring pass to Mark Carrier and the Cleveland Browns blanked the Houston Oilers until the final 28 seconds for an 11-8 victory on Thursday to run their win streak to four games. The Browns are 5-1 for the first time sinceReuter - 77 words
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Article, Illustration26 1994-10-15 25 MULT AN, Pakistan Australia beat Pakistan by seven wickets in their one-day international yesterday. Scores: Pakistan 200-8 in 50 overs. Australia 202-3 in 46 overs.26 words
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Article, Illustration105 1994-10-15 25 TOKYO 150 million yen (552.2 million) Asahi Beer Golf Digest tournament 2nd rd yesterday (Japan unless stated): 133 Peete Izumikawa 69 64. Hiroya Kamide 68 65 135 Shigeru Kawamata 69 66. Nobuo Senzawa 68 67. ilisayuki Sasaki 66 69. Stewart Ginn (Aust) 66 69 136 Hirokazu Takami 68 68.105 words
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Article, Illustration254 1994-10-15 25 AFP SYDNEY Kim Jong II is not only North Korea's "Dear Leader" but he is also a golfing great who shot five holes-in-one in a single round if the course pro in Pyongyang is to be believed. Park Young Man, identifiedAFP - 254 words
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715 1994-10-15 25 Harvey Araton - By Harvey Araton NYT NEW YORK The Orlando Magic point guard, known as Penny, decided he was worth 13 billion, 400 million of his namesake coins. Or US$l34 million (*****.3 million), for those without pocketNYT - 715 words
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Article, Illustration286 1994-10-15 25 Golf Reuter WENTWORTH, England Ernie Els was set to square off yesterday against a rejuvenated Seve Ballesteros who had just destroyed South African David Frost. Frost ran headlong into the Spaniard in his most majestic form on Thursday and the result was anReuter - 286 words
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434 1994-10-15 25 Shahiron Sahari - Singapore Open preview By Shahiron Sahari SINGAPORE Singapore's top amateur golfer. Mardan Mamat, will turn professional two months early when he competes in the Epson Singapore Open on Oct 27. Mardan. who last month won the Johnnie Walker Asian Golfer of the Month434 words
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EPICURE
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Article, Illustration639 1994-10-15 26 JULIETTE WALKER - Bon Appetit By JULIETTE WALKER MtAT-LOVERS can savour skew«r after skewer of freshly grilled meat along with a little Latin American flair at Singapore's only irazilian restaurant, Brazil Churtascaria. Be warned though that if you <jon't fit into the meat-lover's mould, you may find the choice a ttitPhoto by Chris Loh - 639 words
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Article, Illustration621 1994-10-15 26 SUSAN TSANG - By SUSAN TSANG IN OTHER countries, the leaves fall. Here, autumn is signalled by the arrival of a haze. However, Singapore imports more than soot particles. For this month and the next, diners can enjoy the taste of autumn as the Gordon Grill celebrates the advent of621 words
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Article640 1994-10-15 26 N K YONG - Afine By N K YONG THERE has been a varied range of wines on display in Singapore recently Italian, Burgundies and Champagnes. Here are some of the more interesting ones. AVIGNONESI Vino Nobile di Montepulciano is one of Italy's great red wines, produced around the hill town640 words
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Article, Illustration1072 1994-10-15 28 Amantes. Spanish talc of a discharged soldier who is engaged to a maid. He lodges with a steamy widow, and the inevitable happens. Then his fiancee learns about the affair. R(A). Lido. Jade: 11; I JO: 4; 6. JO: 9. Hollywood 1.15: J. 15: 7. JO: 9. JO. Oriental:1,072 words
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Page 17 Advertisements
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Advertisement169 1994-10-15 17 FINAM^ U i I lISI II f ibiMMM y; UHH Available cadwMf. SINGAPORE: Bwbtny Biadqpwii 435 Orchard Road. »02-t2. Witma Aim. Singapore 0928 Td: 733 7113. 591 Orchard Road. *0110 Takaihiniaya SC. Singapore 0923. Td: 735 1283. Barberry* Coraersi DAIMARU DPS Orchard BET AN Orchard NAN HEN LEATHER GOODS TAKASHIMAYA169 words
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Page 18 Advertisements
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Advertisement95 1994-10-15 18 n \KM I K\HI(.IIWtt HORM WITHNOWMJ \l.ltOkM\l>Rt WIIV. MU,I< Date: lHtli October 1W Time: Spin Venue: I larhour Pavilion Prices: SSI). $65. $45. $25 Enquiries: 272 0037 I lotline: 348 5555 l a\: 440 (>7S4 i"ickcts at All SIS I IC outlets (iJJSi.r.*jL-.JdfciaVlXJKl «nwi 'll* lli/n.JiuniMi\'ii< iiwl. K;dlk> < Jt\95 words
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Page 18 Miscellaneous
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Miscellaneous36 1994-10-15 18 S£iCFCAS€-.... BROU-S T»-HM<ING CRP NOui VW£. I GOT 0/eC>fTH\>JG eASSOCUTCOMWVAMnkTO,IMI-1M« DOONESBURY GARRY TRUDEAU I tmka L J^Zi YOU FROM SOMBPLACB. WANYCHANCe.U&BWU? (JTTieM- 1/SLI s^^, P&HAPSFKWONe ORIN SAVANNAH,GeOROA. BAW&N6 I /££jg? S^SSf OF MY OTHER. J ONBNOHJ36 words
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Page 20 Advertisements
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Advertisement6 1994-10-15 20 Hire the right housecleaning team Hyl6 words
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Page 22 Advertisements
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Advertisement142 1994-10-15 22 EXPO'B6 WAS ONLY THE BEGINNING Presenting Station Place: Vancouver's latest and most prestigious highrise suites. The most enviable location modern skytrain is close by to whisk S Sucioa Utef.-.; m you into downtown Vancouver. *5 alp j9s!l3® IKES Huff in a prime location at renowned for consistently affordable prices high142 words
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Page 23 Advertisements
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Advertisement478 1994-10-15 23 BUSINESS TIMES LIFESTYLE EXCLUSIVE vS^O ART LOVERS SHOULD BE SENT TO WHERETHE^^ONG Great works of art are like manifestations of mm true love they have the intrinsic quality to Uz stand the test time. Museums are monuments devoted to artistic Indeed, great museums around the world, especially in Europe, exhibit478 words
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Page 24 Advertisements
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Page 26 Advertisements
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Advertisement218 1994-10-15 26 M.E >. 1, Vg* 0 1# s I iLstasf H (;i ARDIAN OKiKKAT IM A(iKS IVtru- I Hour j' 1 II 1)1 K*f> li'-ll'd ilTt" ill IVtru- I""'' ll I.itour 11 us |M M.r.i I.itour w s w Singapore Dollars per bottle. IVtrus l l Cs "1° I.itour v >|||218 words
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Advertisement25 1994-10-15 26 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. BusinessEmes mmtamtm I Appointment Ads Help You Find The Right Candidate25 words
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Advertisement103 1994-10-15 26 M A sumptuous and delightful spread at afternoon hi tea delicacies awaits you at the Cafe Aladdin. Choose from a tempting variety fish or chicken porridge, siew mai, sotong balls, chicken wings, otak otak, pizza, fried rice and nonya kuehs, home-made pastries fresh fruits. All these and lots more, just103 words
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Page 27 Advertisements
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Advertisement610 1994-10-15 27 fed Nothing Beats ABud.ig£3 OK FRESPfI PASTA K)AI LY. W From Pasta Fr«sca Th« only r*stouront to mako i*» own specialty pasta. Fresh. everyday Savour perfect pizza, great JfiU/ geloti and terrific tiromisu All topped wttti Italian hospitality. Posta Fmca Oa Solvato*e Mt Ltd •30 800 l Quay SIOIO4I lOpen610 words
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Advertisement375 1994-10-15 27 WHERE TO WINE, DINE AND ENTERTAIN Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. High-Tea; 8.00 (child) Karaoke 1 $19.00 (adult) J375 words
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Advertisement388 1994-10-15 27 Enoiigko Enomglio iiaioiagika 'Enough is enough. 35 appetisers, 20 desserts plus main courses. Hfun ourguests start on tfu appetiser spread at our monthly international lunch buffet, they never finish. In fact, they always endup conceding that theyve had more than enough. Come try it to believe. JQD Jot reservations, please388 words
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Page 28 Miscellaneous
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Miscellaneous2497 1994-10-15 28 TODAY'S TV 6.00 Morning News (M). j K]|p¥Jl M[J 7.00 Regional News (M). lAmhmLwUH Games Report Brian Dennehy gives another 7.30pm, Ch 5 \M 11 Asian Games Report. good performance as an auto- For more than 50 years, a cor- 12.00 NN News. parts plant manager who gets ner of2,497 words
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