The Business Times, 19 November 1994
1994-11-19
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The Business Times
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Title Section16 1994-11-19 1 SINGAPORE BusinessTimes Mi l A (P) 010/12/93 Weekend Edition, November 19-20 1994 WE KNOW ASIA 15'16 words
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645 1994-11-19 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE China, Indonesia and Hongkong are the main destinations for a growing number of Singaporeans working abroad, a survey by Geneva-based Corporate Resources Group (CRG) shows. And work in these countries for Singapore firms or multinationals645 words
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Article, Illustration385 1994-11-19 1 Leslie Lopez - From Leslie Lopez in JAKARTA INDONESIA'S national oil company Pertamina, which has been awarded an equal ownership of the US$35 billion (5551.45 billion) Natuna gas development in the South China Sea with US-based Exxon Corp, will only retain a 10385 words
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210 1994-11-19 1 Bloomberg Business News NEW YORK Salomon Brothers Inc is paying three traders a total of almost US$lOO million (SSI47 million), even though the securities firm lost a record US$547 million pre-tax in the first nine months of the year. Salomon, a unitBloomberg Business News - 210 words
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386 1994-11-19 1 Reuter TOKYO From Rockefeller Plaza to Hollywood, top Japanese firms this week ruefully counted the cost of living the American Dream of easy riches. Analysts have been quick in pinpointing over-optimism as a key reason why some high-pro-file Japanese deals done in theReuter - 386 words
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435 1994-11-19 1 Genevieve Cua - By Genevieve Cua SINGAPORE The volume of Singapore's non-oil domestic exports surged nearly 40 per cent in October, partly due to a lower base in October last year when a singledigit growth of 9 per cent was recorded. Most analysts are thus sticking435 words
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122 1994-11-19 1 Reuter HONGKONG The US Federal Reserve is likely to raise interest rates by another 150 basis points by the middle of 1995, said Stuart Gulliver, head of treasury and capital markets at HSBC Markets. 9 "We will see further tight- ening." heReuter - 122 words
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2am LATEST
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Article66 1994-11-19 1 Reuter NEW YORK Wall Street stocks remained lower at midday as banking stocks continued to suffer in response to the Federal Reserve's latest interest rate hike. Declines led advancing issues by 13 to seven. The volume traded at II am EST was about 121.07 millionReuter - 66 words
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62 1994-11-19 1 Bloomberg Business News NEW YORK Chase Manhattan Corp said it would buy the securities processing business of US Trust Corp for U*****.5 million (*****.3 million) in stock, making Chase one of the world's largest providers in processing, the business of charging fees forBloomberg Business News - 62 words
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46 1994-11-19 1 Reuter PARIS The Paris Gub of wealthy creditor governments has failed to agree on how to grant more generous debt relief terms for very poor countries, but will meet again in December, Club sources said yesterday. ReuterReuter - 46 words
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Article165 1994-11-19 1 Stock market indices Friday Change STII 2,354.67 -3.30 KLSEComp 1,048.88 -3.60 Nikkei 19,302.56 -34.01 Hang Seng 9,427.44 -90.84 SET Index 1,457.49 -21.77 Jakarta Comp 509.84 -2.62 CLSA China B ....1,103.14 -2.73 Aust All Ord 1,922.0 -0.4 FTSE 100 3,131.0 +3.5 Friday Previous lpm EST close Dow Jones 3,792.05165 words
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Page 1 Advertisements
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Advertisement15 1994-11-19 1 Airports in Asia: el i, 6,7 I V-V iy How do they measure up? Bus15 words
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Advertisement88 1994-11-19 1 Hock Lock Siew: pg 6 Edgar Cheng's wise decision < A AW J 11 J*' "4 !Uf wt /?o/«r Day-Date. Chronometer in 18 ct gold. Bezel and dial set with brilliants. SINGAPORE THE HOUR GLASS Takoshimayo Shopping Centre Tel *****20/1 Lucky Ptaza Tel *****62/543 Scotts Tel *****27/7198 Centrepomt Tel *****98/60388 words
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Advertisement7 1994-11-19 1 Asia's business families: els The Malaysian tycoons7 words
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Advertisement55 1994-11-19 1 .ri a i.uy :els Book review: el 7 A message 4 CONTENTS News Compamt* S pore News 2 S pore Wsa .6.7 Regional News 3.4 Regional World _J Region World .4.5 Features Maitots Opwons 112 Currencies .9 Reviews H6 Smex/Commo 10.11 Sports ELB Wortl/Regional .12.13 Epicure ILIO CM>/N.SE 14 TV/lifestyle55 words
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SINGAPORE NEWS
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500 1994-11-19 2 Teh Hooi Ling - By Teh Hooi Ling A WORKING group under the Singapore-Shandong Business Council (SSBC) has identified its first project in China upgrading container transportation and warehousing in Qingdao City. The working group comprises five Singapore logistics companies, led by Asia Pacific Logistics Services Pte500 words
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508 1994-11-19 2 Ven Sreenivasan - By Ven Sreenivasan EMPLOYMENT chances are good for graduates with information science honours and engineering degrees, according to a survey of fresh graduates by the National University of Singapore. The 1993 NUS and NTU Graduate Employment Survey found that over 90508 words
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Article, Illustration475 1994-11-19 2 Chuang Peck Ming - By Chuang Peck Ming MICHAEL FAM, Fraser and Neave's executive chairman, will head an independent panel to review the Prime Minister's pay and verify figures used to set salary benchmarks for ministers and top civil servants. The other members are Lim475 words
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221 1994-11-19 2 SINGAPORE'S public sector must work to improve service quality with the same intensity as the service and manufacturing sectors, the Parliamentary Secretary for the Ministry of Information and the Arts, Mohamad Maidin Packer Mohd, said yesterday. Speaking at the launch221 words
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303 1994-11-19 2 SEVEN Singapore companies made the Forbes magazine list of 100 best small companies in the world, based on return on equity. They are Amtek Engineering. Clipsal Industries. GP Batteries. Informatics. Rotary Engineering, Singapore Shipbuilding and Engineering and Venture Manufacturing.303 words
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347 1994-11-19 2 THE government has charged American academic Christopher Lingie. the International Herald Tribune s (IHT) Singapore office and other connected parties for contempt of court. At issue is a statement concerning the Singapore judiciary in an article "The smoke over parts of Asia347 words
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Page 2 Advertisements
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Advertisement56 1994-11-19 2 SINGAPORE 0 m Business Times WE KNOW ASIA has landed in Myanmar f Dagon Stationery \<l v Arts and Science Book Shop SlggjK Sanyo Departmental Stores Innwa Book Store %ssr For enquiries on subscription and availability, please call our agent: Premier Services Ist floor, No. 10 Bogalay Zay Street Botataung56 words
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Page 2 Miscellaneous
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Miscellaneous436 1994-11-19 2 I WEATHERS; i Singapore Showers over a few areas in the morning and over many areas m the afternoon. (Temperature 24-29). Ma-PacMc M/U* Cm*. Eerepe M/U* Cm*. Buenos Ma 24/13 Cloudy Auckland 20/13 Cloudy Amsterdam 12/07 Cloudy Chicago 12/05 Cloudy Ban#** 34/27 Cloudy Amans 16/11 Raw Honolulu 31/24 Cloudy Be«vig436 words
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THE REGION
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Article, Illustration570 1994-11-19 3 Ho Kay Tat - Umno general assembly From Ho Kay Tat in KUALA LUMPUR NOT ALL bumiputras can become millionaires, and those who could not should not be envious or blame their failure on the government, Malaysian Prime Minister Mahathir Mohamad saidReuter - 570 words
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245 1994-11-19 3 The Straits Times KUALA LUMPUR Umno president Mahathir Mohamad yesterday warned party members against sacrificing justice to advance their political ends. He also said they should not be so keen to condemn others based on innuendoes. Prime Minister Dr Mahathir, who wasThe Straits Times - 245 words
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321 1994-11-19 3 DAVAO, Philippines Prospects for a nascent development zone linking four Southeast Asian countries are rosy but problems persist and must be tackled forcefully for the group to succeed, officials said yesterday. More than US$llB million (S$ 173.46 million) in deals has already been signed for321 words
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344 1994-11-19 3 Loh Hui Yin - From Loh Hui Yin in BANGKOK A YAWNING gap exists between the richest and poorest Palang Dharma Party (PPD) ministers in the Thai Cabinet. The distinction of being the wealthiest minister goes to telecommunications tycoon Thaksin Shinawatra while his leader, Chamlong Srimuang, who344 words
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364 1994-11-19 3 AFP BEIJING A senior Chinese eeonomist has criticised the government's full-scale offensive against the sale of state assets, warning that it would starve the ailing state sector of badly needed foreign funds. In a blunt speech to an economic symposium on Thursday, theAFP - 364 words
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NOTEBOOK
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79 1994-11-19 3 Reuter COLOMBO Global lending agencies and donor nations are expected to pressure Sri Lanka before its annual budget by asking l to control welfare spending to balance a widening deficit, officials said yesterday. Officials from the World Bank, the International Monetary Fund (IMF) and theReuter - 79 words
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112 1994-11-19 3 AFP SEOUL South Korea's state-owned Korea Heavy Industries and Construction Co has filed an industrial espionage complaint against a subsidiary of the giant Samsung conglomerate. The complaint, filed on Thursday, accused four members of a Samsung Heavv Industries design team of trespassing and taking photographsAFP - 112 words
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97 1994-11-19 3 AFP JAKARTA Lawyers for Indonesian Information Minister Harmoko. who is being sued after banning three weeklies here in June, yesterday asked the court to dismiss the journalists' suit on a fine legal technicality. The case is important because it will test whether the judiciaryAFP - 97 words
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Article74 1994-11-19 3 Bernama MALACCA Siemens Components (Advanced Technology) Sdn Bhd of Germany, which has so far invested MS4BS million (*****.9 million) in the state, plans to pour in more money as new and highly innovative components are added to its range of products. Its managing director.Bernama - 74 words
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311 1994-11-19 3 Reuter KUALA LUMPUR Malaysia's current labour shortage will seriously affect the country's competitiveness and prove a real threat to economic growth in 1995, the Political and Economic Risk Consultancy (Perc) said in its latest report. The Hongkong-based think tank blamed the labour shortageReuter - 311 words
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Page 3 Advertisements
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Advertisement185 1994-11-19 3 tiUfc. If I Wanted Just Any Recorder^ I'd Have Gotten A Parrot II Olvmpus L-series otter* vou a lot more than |im straight recording plav hack ahilitv. Ir\ unrivalled portahilit\ to beein with. I from a compact Logins to an ultra-compact.ultra-elegant )(Mnh. I lien P consider these liandv (unctions: Cue185 words
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REGION/WORLD
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547 1994-11-19 4 Bloomberg Business News AP WASHINGTON The US trade deficit in goods and services widened 4.6 per cent in September to US$lO.l2 billion (5514.8 billion) as imports continued to climb while American exports unexpectedly weakened. High-tech equipment imports set a record, as didBloomberg Business News; AP - 547 words
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375 1994-11-19 4 Reuter NEW DELHI A powerful team of high-technology companies from Massachusetts in the United States is ready to make huge investments in India, a US senator leading a business team here said yesterday. "We are ready to be unlimited," John KerryReuter - 375 words
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306 1994-11-19 4 Bloomberg Business News HONGKONG The Hongkorvg government will offer 10 new mobile and cordless phone licences, forecasting new technology will cut prices and unleash huge latent demand. The Office of Telecommunications Authority said it will offer six licences toBloomberg Business News - 306 words
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Article, Illustration54 1994-11-19 4 Reuter HANOI Canadian Prime Minister Jean Chretien kicking a soccer ball as an aide and a boy look on in an impromptu bit of fun as he passed by Vietnamese boys playing in a park in central Hanoi yesterday. Mr Chretien ended his three-day visitReuter - 54 words
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457 1994-11-19 4 AFP Reuter WASHINGTON The administration is three to five votes short of the majority needed in the Senate to ratify the Gatt agreement. White House chief of staff Leon Panetta said on Thursday. "We have somewhere between three to fiveAFP; Reuter - 457 words
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142 1994-11-19 4 AP WASHINGTON The North American Free Trade Agreement has failed to live up to its promise of more US jobs and increased exports to Mexico, critics charged on Thursday on the one-year anniversary of House passage of the pact. "Nafta is butAP - 142 words
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Article, Illustration1231 1994-11-19 4 Alvin Tay - PM Goh's visit to New Zealand Reports Alvin Tay in AUCKLAND THERE is an unmistakable air of confidence among businessmen and government officials in New Zealand concerning its economy today compared with July 1991 when I was last in this country on a working1,231 words
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Article, Illustration490 1994-11-19 4 NEW ZEALAND may have derived its history from Europe. But its citizens have been told by their government in no uncertain terms that their future lies in Asia. Don McKinnon, New Zealand's Minister of Foreign Affairs and Trade, told BT in an490 words
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THE WORLD
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507 1994-11-19 5 Reuter BRUSSELS The European Union's decision to abolish all telecommunications monopolies in 1998 is the signal that the industry has been waiting for and could unleash a Hood of new investment in the sector, analysts said. The landmark deal should improve chancesReuter - 507 words
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229 1994-11-19 5 Bloomberg Business News KLOSTER EBERBACH, Germany Otmar Issing, the Bundesbank's chief economist, said the western German inflation rate would fall further after dropping to a three-and-a-half-year low last month. Mr Issing, a voting member of the Bundesbank's 16-man policy-setting council, said theBloomberg Business News - 229 words
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Article, Illustration65 1994-11-19 5 AFP LONDON Three-year-old Luke Jeffrey Green clinging on to a pair of antique teddy bears outside Sotheby's auction rooms on Thursday. Emil (left) is about 85 years old and Kristopher was made between 1912 and 1917. The bears made by Steiff of Germany are expected to fetch moreAFP - 65 words
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470 1994-11-19 5 Bloomberg Business News LONDON The second estimate of British eeonomie growth in the third quarter showed gross domestic product climbed 0.9 per cent from the previous quarter, the Central Statistical Office said yesterday. Exports paced the advance, adding 0.4 per centBloomberg Business News - 470 words
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WORLDWATCH
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121 1994-11-19 5 Reuter OSLO Fresh opinion polls on Norwegian membership of the European Union show mixed changes from Thursday, but the "No" side still has a clear lead. Norway will hold an EU referendum on Nov 28. A poll by the MMI institute, commissioned byReuter - 121 words
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Article76 1994-11-19 5 AFP HONOLULU The White House welcomed on Thursday Ukraine's decision to join the Nuclear Non-Proliferation Treaty and hailed a new era of cooperation with the former Soviet republic. "The United States is firmly committed to the development of an independent, democratic and prosperous UkraineAFP - 76 words
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80 1994-11-19 5 AFP NEW YORK The UN Security Council warned on Thursday of possible Nato air strikes to protect UN peacekeepers if they come under attack in the escalating fighting in Bosnia. US ambassador Madeleine Albright, who holds the rotating council presidency, also called forAFP - 80 words
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Article80 1994-11-19 5 AFP MOSCOW President Boris Yeltsin and Azeri President Geidar Aliyev met at the Kremlin on Thursday for talks on the highstakes struggle over giant Caspian Sea oil reserves and the fragile truce in Nagorno-Karabakh. Exploitation of the rich Caspian oilfields and securing a settlement in Nagorno-Karabakh,AFP - 80 words
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87 1994-11-19 5 AFP JERUSALEM Israel's right-wing opposition would win elections if they were held today, according to an opinion poll published yesterday. The Yediol Aharonot newspaper found that the Likud party would win 41 seats in the 120-member house compared with the 32 seats it nowAFP - 87 words
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542 1994-11-19 5 Reuter WASHINGTON The recent shakeout among the makers of the world's most powerful computers is expected to continue to blight the supercomputer industry, but there are some bright spots, even amid the demise of two firms. Executives at the industry's annual gathering here Supcrcomputing '94 saidReuter - 542 words
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434 1994-11-19 5 Reuter PARIS The International Energy Agency (lEA) has named Briton Robert Priddle as its new head to replace Germany's Helga Steeg. Mr Priddle, 56, was the front-runner for the job at the Paris-based institute but his appointment was held up because memberReuter - 434 words
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COMPANIES & MARKETS
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377 1994-11-19 6 Al Labita - From Al Labita in MANILA DBS Bank is scouting for an investment house it can acquire to expand its presence in the Philippines, brokers told BT yesterday. Among those the bank had approached for a possible deal was Investment Capital Corp of the377 words
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Article, Illustration382 1994-11-19 6 Ramesh Divyanathan - Hai Hup Sun and Mitsui may collaborate on regional chemical transport By Ramesh Divyanathan SINGAPORE A second tanker joint-venture between Singapore-listed Hai Sun Hup and Japanese shipping giant Mitsui OSK Lines is in the pipeline. Mitsui managing director K Suzuki said yesterday the venture382 words
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782 1994-11-19 6 Lee Han Shih - HOCK LOCK SIEW By Lee Han Shih SINGAPORE What a tremendous benefit it is for Wing Tai to be losing its chairman at the upcoming annual general meeting. Edgar Cheng Wai-kin, a cancer specialist by training, a director of782 words
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326 1994-11-19 6 Amy Balan - By Amy Balan SINGAPORE The KMP Group, a unit of the Indonesian giant Salim group, has acquired just over 8 per cent of bread maker QAF Ltd two months after it sold off its entire stake in InnoPacific Holdings Ltd.326 words
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Article150 1994-11-19 6 SINGAPORE Local stockbroker Vickcrs Ballas Holdings is expanding into Malaysia with a 30 per cent acquisition of Seremban Securities from Malpac Holdings. Vickers said an agreement was signed yesterday to purchase 15 million Seremban shares from Malpac for MS27 million (S$ 15.47 million). Seremban is a150 words
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EYE on your STOCKS
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Article19 1994-11-19 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)19 words
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Article, Illustration116 1994-11-19 6 Paul Leo - Bv Paul Leo Rotary Engineering closed at 87 cents yesterday, just about a third of its all-time high of $2.56 reached in early January. The closing price is also below its issue price of $1 in July last year. Technical factors indicate that the worst may be over116 words
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COMPANIES
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391 1994-11-19 7 Shiv Taneja - By Shiv Taneja SINGAPORE Dutch bank ABN-Amro has bought US investment bank Smith Barney's 20 per cent stake in broker HG Asia for an undisclosed amount and will consider buying a majority stake in the firm. The acquisition comes as little surprise391 words
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Article, Illustration301 1994-11-19 7 Abdul Hadhi - Grand Hotel restoration project given to S'pore firm after re-tender By Abdul Hadhi SINGAPORE DBS Land has clinched a $30 million deal to restore and refurbish the Grand Hotel in Cambodia its second such deal in the Indochinese country in as many months. Reports301 words
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171 1994-11-19 7 SINGAPORE Singapore Petroleum Corp has chartered a newly built bunkering tanker, increasing its bunker tanker fleet to six. The SPC Virgo, christened yesterday at a ceremony on Sentosa, has a capacity of 4.500 tons and a service speed of 11 knots.171 words
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Article571 1994-11-19 7 UNIT TRUSTS FUNDS M*ugerV pric«s Nov 19 21 Mendaki Gr Fund 1.16 1.19 SjMMora Unit Trust us Gr Fund o.% i ooxd** The Commerce 1.68 1.78 UOB Asset Mgt Ltd The Savings Fund 1.65 1.75 Umfund 152 159 S"porc Prog Fund 0.64 0.68 Umbond t- I 045 I 07 S"porc571 words
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320 1994-11-19 7 Paul Leo - By Paul Leo SINGAPORE Times Publishing announced yesterday that its net earnings jumped 40.2 per cent to 529.45 million for the year ended Aug 31, 1994. Turnover rose 10.3 per cent to $475.37 million while operating profit jumped 33 per cent to320 words
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287 1994-11-19 7 Bernama KUALA LUMPUR Hicom Technical and Engineering Sdn Bhd (Hitech), a subsidiary of Hicom Bhd, has set up a jointventure with Southern Petrochemical Industries Corporation Ltd of India (SPIC) to handle businesses relating to power engineering services. Hicom chairman Jamil MohdBernama - 287 words
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333 1994-11-19 7 NST KUALA LUMPUR Uniphoenix Corporation Bhd announced yesterday that its In-dia-based joint-venture company Rubflla International Ltd had been successfully listed on the Bombay and Cochin stock exchanges. Listing of Rubflla International on three other Indian bourses in Delhi, Madras and Ahmadabad was expectedNST - 333 words
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137 1994-11-19 7 Bernama NEW DELHI Malaysian conglomerate Berjaya Group Bhd has proposed a joint venture with the State Industrial Corporation of Maharashtra (Sicom) to set up automatic lottery outlets, an Indian financial daily reported yesterday. The Business Line newspaper said that under the proposal, BerjayaBernama - 137 words
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258 1994-11-19 7 SINGAPORE Can-maker Carnaud Metal Box Asia was yesterday awarded operational headquarters status under which it will enjoy concessionary tax rates. The incentives under the OHQ scheme are expected to help the group in its regional expansion. CMB Asia in Singapore will258 words
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187 1994-11-19 7 SINGAPORE Intraco and Informatics Holdings have formed a joint venture to set up computer training centres in Vietnam. Intraco has a 70 per cent stake in Intraco-Informatics, which is based in Singapore. The joint venture has authorised capital of $3 million and paid-up capital187 words
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COMPANYBRIEFS
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Article56 1994-11-19 7 SINGAPORE Orchard Parade announced yesterday that its subsidiary Orchard Parade Land has successfully tendered for a piece of land at Riverside Village for $71.7 million (excluding GST). The 99-year-old leasehold land from URA is for residential/commercial development. The acquisition will be funded by the group's56 words
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65 1994-11-19 7 SINGAPORE Singapore Computer Systems (SCS) has clinched a USS2.IS-million (553.2 million) contract with Hainan International Financial Network Co to supply and install a computerised payment system in China's Hainan province. SCS will work with Hainan International to develop and implement the system next year.65 words
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65 1994-11-19 7 AFP SINGAPORE Singapore Telecom is to form a consortium with PT Bukaka Teknik Utama Indonesia to further tap the lucrative telecommunications market in Indonesia, officials said yesterday. Under the agreement, Bukaka Teknik Utama and Singapore Telecom International (STI), the Singapore Telecom Group's internationalAFP - 65 words
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Article84 1994-11-19 7 SINGAPORE LC Development announced yesterday that it will hold an extraordinary general meeting on Dec 5 to seek shareholders' approval for its proposed issue of 10 rights shares, with three warrants, for every 10 ordinary shares held. It will issue between 63.2 million84 words
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62 1994-11-19 7 Reuter DAVAO. Philippines Malaysia's Ekran Bhd will spend at least USSIOO million (SSI47 million) to develop a tourism project which will include a hotel and golf course on Samal island in the southern Philippines. Ekran executive chairman Ting Pek Khing said yesterday the project wouldReuter - 62 words
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Article165 1994-11-19 7 Reuter Honda Motor Co Honda's group net profit for the six months to Sep 30 rose 307.8 per cent, or more than four-fold, to 38.04 billion yen (SSS7O million). The company predicted that net profit at the group level, which includes all the company's operations, would expandReuter - 165 words
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COMPANYBRIEFS
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Article75 1994-11-19 8 Bloomberg Business News AUSTIN, Texas Dell Computer Corp said its profits tripled on a 17 per cent increase in sales, although its stock fell as much as 5.6 per cent as investors sold on fears of slimmer profit margins in the future. It reported net incomeBloomberg Business News - 75 words
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Article65 1994-11-19 8 Bloomberg Business News NEW YORK Woolworth Corp posted a profit for the third quarter, breaking a string of four unprofitable quarters. Woolworth said its net income for the quarter ended Oct 29 was US$37 million, or 28 US cents a share, compared with a loss from operationsBloomberg Business News - 65 words
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92 1994-11-19 8 Bloomberg Business News CAMDEN, New Jersey Campbell Soup Co said fiscal first quarter earnings rose 19 per cent as worldwide sales of its trademark soup rose more than 5 per cent. The maker of soups, baked goods and chocolate also said it increased itsBloomberg Business News - 92 words
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Article76 1994-11-19 8 Bloomberg Business News BENTONVILLE, Arkansas Wal-Mart Stores Inc said fiscal third quarter earnings rose 13 per cent, less than its historical growth rate, as it spent heavily to convert some acquired store chains to the Wal-Mart format. It said net income for the quarterBloomberg Business News - 76 words
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Article57 1994-11-19 8 Reuter SEOUL Samsung Corp, the trading unit of the Samsung Group, said it had become the first South Korean firm to pass US$lO billion in annual exports. A company spokesman said exports for the whole year were likely to reach US$ll.B billion, 21.8 per centReuter - 57 words
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61 1994-11-19 8 Bloomberg Business News LONDON British Aerospace pic boosted its offer for UK submarine maker VSEL pic to 3.3 BAe shares for each VSEL share, valuing the total bid at £573 million (S$ 1.32 billion). To fund the revised offer, the company is to makeBloomberg Business News - 61 words
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Article56 1994-11-19 8 Bloomberg Business News SYDNEY Australian food ingredients group Burns Philp Co said higher interest rates and a higher Australian dollar contributed to a 27 per cent decline in the group's profit in the three months ended Sep 30. It said profit dropped to A 513.5Bloomberg Business News - 56 words
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34 1994-11-19 8 Bloomberg Business News HONGKONG Shares in Chinese government-controlled investment company China Everbright International were suspended from trading at its request on the Hongkong exchange pending an announcement. Bloomberg Business NewsBloomberg Business News - 34 words
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320 1994-11-19 8 Bloomberg Business News SYDNEY Food group Goodman Fielder Ltd's profit outlook for the first half ending Dec 30 is "far from encouraging," chairman John Studdy said yesterday. Mr Studdy told shareholders at the annual general meeting that a margarine price war in AustraliaBloomberg Business News - 320 words
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168 1994-11-19 8 NYT NEW YORK The stock of Hilton Hotels Corp jumped on Thursday, breaking a long period of stagnation, after the company said it was considering selling itself or spinning off one or more of its businesses. In a statement, the hotel and casinoNYT - 168 words
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282 1994-11-19 8 Los Angeles Times NEW YORK R H Macy Co was to announce plans yesterday to phase out the 118-year-old I Magnin chain by putting eight of the 12 Magnin stores up for sale and establishing different specialty stores at the remaining sites. MagninLos Angeles Times - 282 words
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Article, Illustration244 1994-11-19 8 Bloomberg Business News PALO ALTO, California Hewlett-Packard Co said fourth-quarter net income rose 60 per cent on robust sales, beating analysts' estimates again and sending the company's shares to an all-time high. Net income for the No 2 US computer maker rose toBloomberg Business News - 244 words
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261 1994-11-19 8 Bloomberg Business News ENGLEWOOD, Colorado Tele-Communications Inc is proposing to split into four publicly traded companies in a move to boost the stock market value of its sprawling cable television assets. The plan calls for TCI to split intoBloomberg Business News - 261 words
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SHIPS IN PORT
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Article517 1994-11-19 8 Vmri Voy H» Berth fcriwj Dtpartoe Vessel Voy No Berth Arrival Departure terMg Port Grf Oaoud 14/94 P04 19II 0800 21 11/0600 Batn Panam 38 JU alongs* 19.11/1800 HongSoon ***** P03 19.11/1830 2011/0600 Batam Baftagia 11/04/94 II atone* 1911/2300 Man 2 215/94 P01 1811/1900 1911/0600 Ens Dana,517 words
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Article1488 1994-11-19 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boofcint/Baiance Rslts Ship Voy No Etb/Btr Period From To From 213* 20/0500 IB 18/1500 18/1659 18/1900 3 19/0/00 19/1159 19/1400 4 19/1200 19/1459 19/1W0 to I*t 056A 19/1600 1A 18/1500 18/16591,488 words
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FINANCE & COMMODITIES
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449 1994-11-19 9 Lim Soon Neo - From Lim Soon Neo in HONGKONG MAJOR local banks raised their prime rate yesterday, after the three-quarter point increase in interest rates by the US Federal Reserve on Tuesday. Hongkongßank, Standard Chartered, Hang Seng Bank and the Bank of China raise their449 words
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279 1994-11-19 9 Lim Soon Neo - From Lim Soon Neo in HONGKONG THE Hongkong and Shanghai Banking Corp and the Wardley Group yesterday unveiled their new HKS6O million (S$ 11.54 million) trading floor the largest in the Asia-Pacific region outside Japan. The floor, in the Hongkongßank279 words
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Article, Illustration297 1994-11-19 9 Paul Leo - By Paul Leo SINGAPORE Electrical wire maker Bangkok Cable Company borrowed US$l5 million (Ss22 million) yesterday its first fund-raising exercise in the offshore capital market. The three-year floating rate note issue, arranged by Standard Chartered Merchant Bank Asia, pays interest one per297 words
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165 1994-11-19 9 AFP SINGAPORE Swiss Bank Corp is to beef up its Asian treasury and private banking centres to keep pace with growing business activity fuelled by regional economic growth, a senior bank official said yesterday. "We are strengthening our spot, corporate and derivatives desksAFP - 165 words
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238 1994-11-19 9 Shiv Taneja - By Shiv Taneja SINGAPORE The Bank of China and the People's Construction Bank of China will be the first financial institutions in China to issue on-line debit cards early next year. Card vendor MasterCard International said yesterday that travellers from Singapore would gain238 words
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SMALLCHANGE
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Article80 1994-11-19 9 Bloomberg Business News HONGKONG China International United Petroleum Chemicals Co Ltd (Unipec) says it will fight charges that it owes Lehman Brothers Inc USS44 million (5564.6 million) for foreign exchange trading losses. In a statement yesterday, the leading oil trader said "certain parties in Hongkong",Bloomberg Business News - 80 words
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Article60 1994-11-19 9 Reuter HONGKONG Wheelock Natwest Ltd, a new brokerage joint venture between Wheelock and Co Ltd and National Westminster Bank pic, has delayed its opening until early next year, said joint deputy chairman Nicholas Sibley yesterday. The brokerage was due to open in the fourth quarter ofReuter - 60 words
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95 1994-11-19 9 Reuter HONGKONG Thailand's Saha-Union Public Co Ltd increased its five-year term loan facility to US$llO million (S$ 161.7 million) from US$BO million following oversubscription during syndication, arranger Societe Generate Asia Ltd said on Thursday. The facility comprises two tranches: a withholding tax absorption tranche of US$45Reuter - 95 words
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34 1994-11-19 9 Reuter HONGKONG US investment bank Goldman Sachs said yesterday it opened an office in Shanghai, its second in China. The firm opened an office in Beijing in February. ReuterReuter - 34 words
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465 1994-11-19 10 KnightRidder BRISBANE Australian corporates, armed with derivative tools, are set to expand their access to global capital markets, the chief financial officer of the nation's biggest company said on Thursday. BHP Co Ltd's executive general manager of finance, Geoff Heeley,Knight- Ridder - 465 words
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Article, Illustration423 1994-11-19 10 DBS Bank weekly currency review US$/mark: break of 1.5610 to confirm longer term bulls The greenback climbed to a high of 1.5590 on Wednesday. It then corrected briefly to 1.5447 on Thursday before buying returned to bring it to 1.5540 yesterday morning. Although the daily423 words
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325 1994-11-19 10 Reuter SINGAPORE A move by Wall Street investment banker Lehman Brothers to take China oil kingpin Unipec to court could set a precedent for some oil trading firms suffering in silence from unpredictable Chinese business practices, industry sources said. "It's a problemReuter - 325 words
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435 1994-11-19 10 Reuter KUALA LUMPUR Recent rallies by copper, aluminium and lead in Western markets have failed to dampen Asian user demand for these base metals in the physical market, regional traders and analysts said. "Nobody's looking at premiums at these high levels.Reuter - 435 words
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144 1994-11-19 10 Reuter SHANGHAI A Chinese minister said some base metals futures had risen too sharply since Oct 19 and warned of a possible government intervention "if serious situations occur", according to a document obtained by Reuters. "Copper and aluminium prices rose too sharply fromReuter - 144 words
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353 1994-11-19 10 Reuter KUALA LUMPUR High global palm oil prices will depress Malaysia's exports of the commodity, keep buyers away and lead to a build-up of stocks by the end of the year, commodity traders say. "Consumers will buy as and when itReuter - 353 words
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321 1994-11-19 10 Bloomberg ENERGY REPORT BALI, Indonesia Slumping crude oil prices should get a boost next week if Opec oil ministers decide not to change output levels at their meeting beginning on Monday. By keeping its output steady, giving traders confidence that it won't321 words
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Article212 1994-11-19 10 Reuter LONDON The dollar failed in an early European test of resistance around 1.5600 marks after rallying overnight on futures buying late in Chicago. "There's talk of stop losses around 1.5620 so if the dollar gets there it could trigger a quick move to around 1.5650/70," saidReuter - 212 words
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Article92 1994-11-19 10 AFP NEW YORK The dollar was mixed in quiet trading here yesterday, with news of a rise in the US trade deficit having little impact on the US currency. Gold fell 30 cents from Thursday's closing price to U*****.90 an ounce. At 1430 GMT, the dollar was tradingAFP - 92 words
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Article, Illustration1593 1994-11-19 10 I raJe etghled index t-ak ukunl against S'pure'\ lop 14 Irading partners Bo* vear I9SS USS/SS forward rates Noon Nov 18 s$ Bid OOct 1-month 1.4711 1.4721 2-monlh 1.4701 1.4716 J-month ***** 1 4706 6-monlh ***** 1.467* Saunr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am an Na*1,593 words
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COMMODITIES & FUTURES
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1338 1994-11-19 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars and Euroyen futures were slightly firmer at the close yesterday. "It looks like US funds just want to liquidate their positions. They have also been selling their bond holdings," said a dealer. However, there was buying at around 92.75 inReuter - 1,338 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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106 1994-11-19 11 BRUSSELS The European Union has reimposed customs duties on imports of rubber boots from Thailand and Indonesia after they breached their preferential tariff quotas, according to rulings published in the EU's official journal yesterday. Under the Union's Generalised System of Preferences for advanced developing106 words
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55 1994-11-19 11 LONDON The implementation of a production management plan is likely to be the key focus of the Dec 14-16 meeting of the International Cocoa Organisation. The draft agenda for the meeting, released on Thursday, sets out an otherwise routine itinerary ol administrative and financial55 words
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68 1994-11-19 11 LONDON The Western world refined copper market will be in deficit bv 95.000 tonnes in the fourth quarter of 1994. compared with a 20.000tonne surplus in the third quarter, according to Peter Hollands, analyst at Bloomsburv Minerals Economics Ltd. writing in the November issue of68 words
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93 1994-11-19 11 BEIJING Tin production in China is expected to remain at current levels of around 50.000 tonnes this year and in 1995, then begin to gradually decline, according to an official with China's largest tin smelter. The agreement by China to limit its exports of93 words
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Article684 1994-11-19 11 COMMODITY REPORTS Palm Oil CRUDE palm oil surged further to a new nine-year high on further speculative buying interest. Dealers said sentiment was boosted by good fundamentals and a higher Chicago soyoil futures market overnight. Traders said market talk that production in the first-half684 words
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Article1449 1994-11-19 11 nuvucr Singapore Commodity Exchange (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Set! (tonnes) Interest Dec 94 198.25 198.00 199.00 400 500 Jan 95 197.25 196.50 198.00 1050 2150 Feb 95 195.75 195.75 195.00 950 4100 Mar 194.25 194.25 193.501,449 words
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REGIONAL STOCK MARKETS
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Article1092 1994-11-19 12 -0.4 SHARES closed marginally lower yesterday as bargain hunters picked up cheap stocks, offsetting the downward pressure of weaker overseas bourses. The key All Ordinaries Index ended at 1.922.0 points, down 0.4. The All Industrials Index climbed 9.7 to 2.765.2, while the All Resources Index shed 9.0 to 1,293.1.1,092 words
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Article630 1994-11-19 12 +8.76 Bargain-hunting in blue chips and property issues pushed share prices marginally higher yesterday. The PSE Index rose 8.76 points to close at 2,912.86 points. Turnover was 2.21 billion shares valued at 1.43 billion pesos. An analyst said buying in selected key issues, along with positioning in "currently attractive630 words
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Article361 1994-11-19 12 +4.65 Shares closed slightly higher, shrugging off a lacklustre performance by Wall Street overnight and a weaker open. "Pure and simple supply and demand in individual stocks was the order of the day." said a dealer. The NZSE-40 Capital Index closed 4.65 points higher at 2.052.86. Among the361 words
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Article597 1994-11-19 12 Stocks staged a modest comeback on bargain hunting, propelled by good performances of low-cost textiles and pulp and paper shares, dealers said. The 393-issue Weighted Price Index recovered 52.83 points to settle at 6.350.71. Turnover was 565 million shares worth NTS2O.S billion. Rises overwhelmed falls 231 to 59, with597 words
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Article465 1994-11-19 12 -2.19 Share prices retreated yesterday amid an absence of leading issues during what brokers called a directionless trading day. The Composite Price Index staged a 2.19-point setback to close at 1,118.44, with 48.7 million shares worth 1.09 trillion won changing hands. Rises outnumbered falls 475 to 383, with 120465 words
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WORLD STOCK MARKETS
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Article608 1994-11-19 12 +3.5 STOCKS were mixed as stronger-than-expected economic growth revived concern that British interest rates will be raised soon to prevent inflation. The UK economy expanded 0.9 per cent in the third quarter of the year, giving growth of 4.2 per cent during the past year. Some analysts say that608 words
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Article136 1994-11-19 12 -1.03 French stocks were mixed after news of a narrowing US trade deficit with Japan shored up the dollar and US bonds, which set the pace for markets worldwide. "We just watch the US markets for direction these days," said a trader. "It's stronger than anything we've got going136 words
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Article142 1994-11-19 12 -5.91 German shares fell in thin trading after yesterday's DTB expiry and US economic data failed to give the market a boost. The market could be due for another correction and further losses next week, traders said. The DAX Index closed at 2,086.03, down 5.91 points. Frankfurt \o» 15142 words
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Article125 1994-11-19 12 +2.19 Belgian shares were mixed to hrmer at the close, underpinned by a firmer dollar against the franc but held back by higher bond yields. Volume was boosted by Bel-20 basket trading, mostly on the buy side, related to the expiry yesterday of November futures and options on the125 words
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Article165 1994-11-19 12 127 Italian stocks surged on hopes the government and unions will agree a compromise on the 1995 budget that will avert the threat of abour strikes. The Mibtel Index rose for the first time in four days, gaining r 127 points to 10,3367 Stocks were lifted by news on165 words
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Article286 1994-11-19 12 -1.44 Dutch stocks closed mixed as concern about rising interest rates offset a stronger dollar, which often boosts shares in companies with significant US earnings. Such companies were among the main decliners. however, as the EOE Index of 25 major stocks fell 1.44 points to 409.85, led lower by286 words
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Article167 1994-11-19 12 +3.73 Swedish shares closed mixed as earnings from SCA AB failed to inspire investors, paring gains after US stocks and bonds declined in early trading. "Most results out today were as expected, perhaps a bit better, but not enough to turn heads," said a trader. "The market came down167 words
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Article251 1994-11-19 12 +5.6 Swiss shares ended slightly firmer after a day of quiet trading. The market had shown good resistance, helped by a firmer dollar. Dealers said there was some mild pressure on the market stemming from in-dex-futures trade, but yes- terday's expiry of November Soffex contracts did not lead to251 words
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Article303 1994-11-19 12 19.8 Industrial and financial shares posted gains as gold and mining-related stocks came under pressure on bullion losses, dealers said. They said a steady undertone continued to support industrials ahead of the weekend and despite Wall Street losses. The Overall Index finished 5.3 points down at 5.936.3, the Industrial303 words
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Article260 1994-11-19 12 -11.98 Stocks opened lower, pressured by weaker North American bonds and tumbling gold prices. "There's a lot of nervousness still in the bond market," one trader said. He said the markets continue to reel from the effects of Tuesday's 75 basis point rise in US interest rates and the260 words
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Article725 1994-11-19 12 -9.42 The Dow Jones Industrial Average, which retreated 17.15 points on Thursday, was down 9.42 to 3,818.63 at 1 lam EST. The key barometer was down 11.78 shortly after the market opened. The NYSE Composite Index was off 0.37 to 253.12, while Standard Poor's 500-stock Index was down725 words
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Article738 1994-11-19 12 Britannia Funds Sterling Cash Bid Offer Mim jp fX-pttNii ]0 6400 3K 6500 Mim Jcrvr\ (iitl 0 Ut) 0 1442 Mini Mat Income ***** (I 44(10 l'S$ ash Income Ptu\ I und 4 5 J00 111 (MOO PS Rome 1 und 5 JJOO 5 1400 Sterling Kquit) Euro Performance 0-4512738 words
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Article, Illustration2928 1994-11-19 13 Bloomberg Business News HONGKONG Stocks fell ahead of a meeting yesterday afternoon at which banks here are expected to raise interest rates by around 75 basis points. Higher interest rates will hurt the outlook for the colony's real estate companies, especially those relying on selling apartments or leasing retailBloomberg Business News; Source: Bridge Info - 2,928 words
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Article, Illustration618 1994-11-19 13 CLSA H SHARES dropped 1.4 per cent yesterday on turnover of HKSI 15.9 million. Hai Xing Shipping continued to be heavily traded, falling 2.3 cents on turnover of HKSSI.I million. Shanghai Petrochemical was the worst performer, down 2.9 per cent on turnover of HKS9.9 million. The Shanghai B marketCLSA - 618 words
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Article, Illustration2494 1994-11-19 13 Reuter TOKYO Stocks ended softer after public fund and indexlinked buying helped erase a chunk of earlier losses. Investor attention was focused on Sony Corp and Mitsubishi Estate's foreign buying-linked losses, which sucked down other shares in their wake. "The news has given foreigners plenty of reason to remainReuter; Source: Bridge Info - 2,494 words
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Article, Illustration1836 1994-11-19 13 Reuter BANGKOK Stocks were unable to find a foothold to resist slow but steady selling pressure from local mutual funds, which forced the index down to its lowest level in more than a month. The SET Index closed down 21.77 points at 1.457.49. on turnover of 4.8 million baht.Reuter; Source: Bridge Info - 1,836 words
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Article, Illustration1113 1994-11-19 13 Reuter JAKARTA Share prices closed lower in quiet trading although newcomer Pudjiadi Prestige closed slightly higher on good volume, brokers said. "Overall the market did not move much at all although there has been good focus on Pudjiadi and Suparma. one broker said. He said Pudjiadi. a property company,Reuter; Source: Bridge Info - 1,113 words
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Article2507 1994-11-19 14 MOST ACTIVE VQ<um« Cuiula HUlgs >.276.000 Mus H>d MX 2.446.000 MBlOpiul 2.681.000 Pnmd 2.301.000 KL ImluMrto 2.047.000 Bcijjnj L Wi44 1.144.000 Nlulphj Intl >(V 1.126.000 Mulli-PWt 1.047.000 Ian ('hong ttk 464.000 IVtingi Bhd MX 434.000 kcmjvjn orp 401.000 1>A( Bank MX 8*4.000 Muki-Purpose 871.000 MOST ACTIVE value tianda2,507 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6080 1994-11-19 14 Bloomberg Business News KUALA LUMPUR Stocks fell on investors* disappointment that a political convention didn't bring an announcement of a general election, expected to boost the market, traders said. The Composite Index fell 3.60 points to 1,048.88 while the Emas Index roseBloomberg Business News; Source: Bridge Info - 6,080 words
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STOCK EXCHANGE OF SINGAPORE
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Article8299 1994-11-19 15 MAIN BOARD Trance,ion d„e: Nov .8 (<f Gr M Wl 1994 Usl Vol Day LmI Quote Di» Di. %M Net Cap A%g High low Company Sale 000) High Low Bu,»r Seller S Or S P E Sail Price INDUSTRIAL AND COMMERCIAL 720* 417.5* in I 5 \nu 50c 505 208,299 words
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Article, Illustration1909 1994-11-19 16 R Sivanithy - By R Sivanithy SINGAPORE The Straits Times Industrials Index yesterday struggled to stay above the 2,350 mark, as inflation-wary investors persisted in staying away from the market. Malaysian stocks also closed marginally lower in light institutional support, with activity throughout the daySource: Bridge Info; Source: Bloomberg - 1,909 words
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Page 6 Advertisements
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Advertisement388 1994-11-19 6 NEWS VALUE Non-oil domestic exports surged 40% in October (pg 1) Looks like the strong Singapore dollar has no impact on exports. Further Fed hike of 150 basis points seen (pg I) Interest rates likely to dog equity markets for some time to come. Forbes names 7 S'pore Arms in388 words
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Page 7 Advertisements
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Advertisement298 1994-11-19 7 MFSline I In English Number Horoscopes (Daily) 8450 The SCORPIO Career A Finance Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 Black Green; Win Prizes! Children's Funland 8453 Sun Wukong Meets The Dragon King... Face Facts 8454 Face Shape Dreamland 8455 Fandi Ahmad A Opposite Dreams;298 words
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Page 9 Advertisements
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Advertisement349 1994-11-19 9 r\m¥ikm UFESTYU MasterCarcF® Hot Air Balloon: f mH||» Chronicles of Travel" takes you on a Hot Air Balloon Safari Imagine... azure African skies above you. The expansive environs below you. You are drinking in the wild, natural beauty of this great continent from a hot air balloon. Out of the349 words
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Page 11 Advertisements
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Advertisement34 1994-11-19 11 "I deal in cameras. And IJoiow whereto getgood exposure." io* T JOonf V 81 P"otogrlo h Ck J V «s. J:v ,c w „_p, cte I Call today for results tomorrow. M GA.T.S. 737-116634 words
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Advertisement39 1994-11-19 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday39 words
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Page 12 Advertisements
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Advertisement13 1994-11-19 12 %L u it thai the besi tlungs in life are saved until marriage?13 words
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Page 13 Advertisements
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Advertisement145 1994-11-19 13 NEW BALANCE presents the The MK9O7s offer real running shoe American Classics Collection De- technology. Real running shoe supsigned to take the work out of walk- port and comfort. Just what did you ing. These elegant shoes look better expect from a company that makes when you are dressed up.145 words
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Page 14 Advertisements
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Advertisement45 1994-11-19 14 rrs Business Times m: KNOW AM Address Mail or fax this form to: Postal Code: Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: News Centre Singapore 1334 5 m Tel: 1800-749 2577 Fax 744 4875 Tel (O) (H) I45 words
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Page 15 Advertisements
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Advertisement190 1994-11-19 15 NEW BALANCE presents the ventuie SEMES The MK9O7s offer real running shoe American Classics Collection De- technology. Real running shoe supsigned to take the work out of walk- port and comfort. Just what did you ing. These elegant shoes look better expect from a company that makes when you are190 words
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Page 16 Advertisements
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Advertisement1370 1994-11-19 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SAPHOLO PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 14th November 1994 at1,370 words
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Advertisement353 1994-11-19 16 In Die matter ot the Companies Act Cap. 50 And In tie matter of HEEREMA HOLONQ SERVICE COMPANY (SMGAPORE) PTE LTD. (Members' Vohrtary Wincing Up) At an ExJraordrwy General Mooting ot fte abovenamed company duty convened and held at 76 Shenton Way #15-02 Ong BuMng, Singapore 0207 on 10 November353 words
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ExecutiveLifestyle
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Article, Illustration1411 1994-11-19 17 Jay Khosla - Air travel in the Asia Pacific will be transformed by the end of the century when several new airports are completed. Jay Khosla looks at some of these prestigious projects to decipher the key ingredients of airport design Jay Khosla DOES it take longDesign: Jennifer Chua - 1,411 words
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STRAWS IN THE WIND
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Article54 1994-11-19 17 TRUST the Japanese to be ready for everything. While holidaying at a beach resort recently, a Singaporean executive started chatting with a Japanese businessman at the poolside. After exchanging names, the Japanese guy, who was in swimming trunks, put his hand into his trunks and whipped out a54 words
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Article47 1994-11-19 17 YOU've heard of mail that comes back to you because you failed to put sufficient postage on the envelope. But you might not have heard of the person whose letter was sent back to him with the words stamped on the envelope: "Insufficient Address".47 words
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Article77 1994-11-19 17 OBSERVED at an oyster bar in Boat Quay: a luscious array of oysters were displayed outside. presumably to lure pass-ers-by into the restaurant. The oyster bar manager, noticing a woman and her son peering curiously at the shellfish, invited them in: "Come in and try our oysters?" To77 words
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OPINIONS
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Article, Illustration979 1994-11-19 18 A CRAIG COPETAS - LETTER FRCM PARIS With presidential elections just six months away, the French are finding that few of the country's elite appear immune from corruption A CRAIG COPETAS The writer, a Paris-based journalist, contributed this commentary to BT CHARLES de Gaulle, the godfather of979 words
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Article, Illustration636 1994-11-19 18 Maggie Ford - Global trade gives Americans cause for hope, if only they realised it, says Maggie Ford Maggie Ford The writer is a Jakarta-based correspondent who writes for Bl IT IS undoubtedly difficult for the citizens of a superpower like the United States of America636 words
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731 1994-11-19 18 An international monitoring unit will help remove suspicions of collusion BANGKOK is once again on the defensive over allegations that the Khmer Rouge continues to enjoy the support of individuals in the Thai business and military communities. The latest charges731 words
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282 1994-11-19 18 Loh Khum Yean - LETTER TOTHE EDITOR Loh Khum Yean For Permanent Secretary (Communications Ministry) I REFER to the article "A refined CBD system would be better" by Ong Yong Hwee (BT. Nov 12). We agree with Mr Ong that the government must adopt an integrated approach282 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration55 1994-11-19 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities, Fraser Securities, G K Goh, Kay Hian James Capel, Kim Eng, Morgan Grenfell, Nomura Research Institute, SBS HG Asia, SG Warburg, Smith New Court, and UOB Securities.55 words
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Article434 1994-11-19 20 Zalik Securities (Nov 18) Larut Consolidated. Acquisition of Europlus, developer of M 54.5 billion (552.6 billion) Bukit Berunting township, plus MSBOO million Ampang township and MS7OO million Twin Island City Centre projects should boost its pre-tax profit by M 582.3 million for FY% and Ms 96 million for FY97.434 words
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Article65 1994-11-19 20 Mon, Nov 21. Malaysia: Offers for shares in Mitrajaya Holdings and Autoindustries close. Wed, Nov 23. US: Oct durable goods orders. Hongkong: Government auctions three lots of land on Hongkong Island, Kowloon and the New Territories. Japan: Holiday. Thu, Nov 24. US: Holiday Fri, Nov 25. US: Oct65 words
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Article, Illustration434 1994-11-19 20 Tan Tiong Cheng - Tan Tiong Cheng Managing director Knight Frank Cheong Hock Chye Baillieu 44 I J ecent media reports have highA X. lighted the immense profits which property owners can make by banding together and selling their units collectively to developers. Cosy Mansion, a 20-unit walk-up apartment block, was434 words
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Article, Illustration665 1994-11-19 20 Joyce Quek - THEWHK By Joyce Quek OKAY, so the dreaded US interest rate rise has come and gone. And the Singapore and Malaysian stock markets have edged upwards not much, though, because the hike was widely expected. In fact, initial joy quickly turned into gloom because the665 words
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Article, Illustration1203 1994-11-19 20 Ven Sreenivasan - By Ven Sreenivasan MAIN BOARD aspirant Broadway Industrial Group is going to get the cold shoulder from stock investors, judging by analysts' opinion of the company. Most analysts and brokers BT spoke to were sceptical about Broadway's prospects, despite the company's claim to1,203 words
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662 1994-11-19 20 Shiv Taneja - Singapore Telecom is out but SIA and UOB top the favourites, reports Shiv Taneja Shiv Taneja SINGAPORE Airlines and the banks are still the favourites for a group of fund managers, according to a BT survey of CPF-approved unit trusts. The funds662 words
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Article, Illustration1923 1994-11-19 21 Paul Leo - To help you know more about the companies you invest in. BT focuses on Malaysian tycoons in our third series on Asia's business families By Paul Leo MANY Malaysian tycoons are said to be media-shy, reclusive or low-key. Small wonder, given the extent ofSource: Bridge Info - 1,923 words
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Article, Illustration537 1994-11-19 21 Shiv Taneja - Shiv Taneja on a fund that will invest in the precious metal and stocks of gold-linked companies Shiv Taneja ASIANS have always been great buyers of gold, mostly bullion. But buying enormous amounts of the stufT has its limitations such as storage. Enter537 words
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Article, Illustration585 1994-11-19 21 Schutz Lee - Eye on the region Schutz Lee finds out the trend among China share investors Schutz Lee 640 WITCHING" is the order of the day on China's B share market till the end of the year as investors sell off existing stocks or hold offSource: Credit Lyonnais Securities (Asia) Ltd - 585 words
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Article, Illustration644 1994-11-19 22 SHAHIRON SAHARI - Cinema Review By SHAHIRON SAHARI EAT DRINK Man Woman, director Lee Ang's first work after the phenomenallysuccessful Wedding Banquet, begins with a fascinatingly precise passage of a man preparing what seems like an elaborate feast. However, it is not a feast but, in fact, just644 words
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Article, Illustration724 1994-11-19 22 SUSAN TSANG - By SUSAN TSANG OLIVER STONE brought us his angry vision of the Vietnam War three times, and made us think President Kennedy's death was clouded in conspiracy. Natural Born Killers is his latest exercise in ruffling feathers. This time, though, our feathers are as likely to be724 words
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Article, Illustration1129 1994-11-19 22 Jay Khosla - How do Asian airports measure up as modern gateways between national and cultural realms? Jay Khosla rates some of the newest projects Jay Khosla KUALA LUMPUR INTERNATIONAL AIRPORT Loiated 50km south of Kuala Lumpur on a 10. (MM) hixlarc sire m Sepung.1,129 words
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Article, Illustration516 1994-11-19 22 Diana Oon - How will Changi Airport keep its edge over its Asian competitors? Diana Oon finds out Diana Oon CHANGI AIRPORT is something of a paradigm a Singapore success story about common sense and clockwork efficiency, told with five-star service and a smile. After 13 years in516 words
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Article, Illustration602 1994-11-19 23 KEVIN SULLIVAN - Book Review By KEVIN SULLIVAN Rescue Mission Planet Earth: A Children's Edition of Agenda 21 Published by Kingfisher Price: soft cover $14.95 hard cover $24.95 RESCUE Mission Planet Earth is a brief commentary on Agenda 21. the environmental programme reached by 179 countries at the "Earth602 words
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Sports
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Article, Illustration542 1994-11-19 24 Golf AP THOUSAND OAKS, California The World Golf Tour, which probably will rattle pro golfs old order, certainly will bring new riches to some of the players. The new tour plans to hold eight tournaments with US$3 million (554.4 million) purses beginningAP - 542 words
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Article341 1994-11-19 24 Virginia Slims Championships NYT NEW YORK Mary Pierce doesn't consider herself a scalp collector, but on Thursday night at Madison Square Garden, she took up where she left off in 1993 and hunted down yet another competitor whose .rank and reputation preceded hers. Last year herNYT - 341 words
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Article, Illustration399 1994-11-19 24 IBM/ATP Tour World Championship AP FRANKFURT When the best eight players in the world go against each other, losing can mean a second a chance. The round-robin system saved Pete Sampras, the No 1 in the world. There will be no more second chances. The lastAP; Reuter; Photos by Chris Loh - 399 words
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SPORTSHORTS
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Article, Illustration133 1994-11-19 24 AFP WASHING TON Chris Webber, last season's NBA rookie of the year. Mas traded from Golden State io Washington on Thursday for forward Tom Gugliotta and three future draft choices. The Bullets, who have not made the NBA playoffs in a decade, have strengthened their line-up with Webber. TheAFP - 133 words
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Article, Illustration88 1994-11-19 24 Reuter DETROIT Michael Moorer's manager said on Thursday that the former heavyweight champion has not retired. Moorer. who lost his World Boxing Association and International Boxing Federation titles to George Foreman on Nov 5. in Las Vegas, said he was retiring, the Detroit \'m reported on Thursday. Moorer saidReuter - 88 words
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Article, Illustration118 1994-11-19 24 AFP BOMBAY' Sanjay Manjrekar and Nayan Mongia put on a defiant unbeaten 80-run stand for the sixth wicket to take India to 179 for five at tea on the first day of the first Test against West Indies here yesterday. AFP HOBART, Australia The Australian XI were 327 forAFP - 118 words
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Article, Illustration130 1994-11-19 24 AP MIY AZAKI, Japan Heavy rains yesterday forced the cancellation of the second round of the Dunlop Phoenix Tournament, cutting the event short to 54 holes for the first time in its 21-year history. Consequently, the total prize purse of 200 million yen (SS3 million) will be cut byAP - 130 words
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Article, Illustration223 1994-11-19 24 AP Reuter Reuter WELLINGTON New Zealand winger John Timu said yesterday that he has signed a three-year contract to play professional rugby league. Timu's deal with leading Australian club Canterbury-Bank-stown is a major blow to New Zealand's hopes of regaining the rugby union World Cup. which will be contestedAP; Reuter - 223 words
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Article, Illustration118 1994-11-19 24 AFP MELBOURNE Pat Cash and Mats Wilandcr will receive wildcards into next January's Australian Open. Tennis Australia announced here yesterday. Paul McNamec. tournament director for 1995's opening grand slam, confirmed that the pair had been given a path into the main draw. AFP FRANKFURT US$3 million IBM/ATP lour WorldAFP - 118 words
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PEOPLE
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Article, Illustration260 1994-11-19 24 WHEN Cartier held its "King of Jewellers Jewellers of Kings" exhibition at the National Museum last month, its customers and friends were the first to view the 90 rare and precious pieces of Cartier jewellery on display. The exhibition was officially opened by Gerard Coste, the260 words
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TIME OFF
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Article383 1994-11-19 25 Six Lonely Oysters Action Theatre stages Ovidia Yu's comic-drama which looks at people who block off their feelings with carefully crafted "shells"; plus half a dozen oysters. Until Nov 21. Spm at the DBS Auditorium: with a matinee at 3pm today. Tickets at $15. $20. $25 and $30 for383 words
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Article530 1994-11-19 25 Love and Marriage: Two Chamber Operas Stage director Tom Hawkes takes on Menotti's The Telephone and Berstein's Trouble in Tahiti, with Wendy Dixon, Yang Jie, Adrian Scott, Ong Wei Kiat and Robert Osborne on vocals. The SSO accompanies. Today, 8.15pm at the Victoria Concert Hall. Tickets at $4. $7,530 words
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Article, Illustration346 1994-11-19 25 Les Fausses Confidences Penniless Dorante is in love with wealthy Amarinte. Unfortunately, he faces competition from a certain rich Count Dorimond. Nov 22: 7.15pm; and Nov 23: 9.15pm. At the Alliance Francaise. La Triche When police inspector Verta gets called in to investigate a homosexual murder, he falls for346 words
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Article711 1994-11-19 25 14th International Salon of Colour Photography An exhibition and slide show featuring about 180 colour prints of studio portraits, landscape, human and environmental interests from 35 countries. Today and tomorrow, I Oam to 9pm at the World Trade Centre. Expo Gateway. Slide show at 7.30pm. Admission is free. Homex711 words
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Article, Illustration341 1994-11-19 25 Baby and Infant Care Miriam Stoppard. a leading British child care specialist will be giving this talk that should answer your questions about caring for your young ones. Today. 2.30pm at Sheraton Towers. Call 390-5095 for registration. My World Tomorrow This seminar-cum-film presentation aims to discuss how environmental messages341 words
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Article274 1994-11-19 25 Auditions Action Theatre is looking for actors/actresses born between 1963 and 1967 for their new play about a generation that wants nothing but to be the best. Prior theatrical experience not essential. Please bring a recent photo- n Today 2pm at the Casuanna Rm. 2nd level, RI LC and274 words
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Article238 1994-11-19 25 Again Watching White and Again Artist Zai Kuning presents this talk cum slide/video show of his recent work in Germany. Nov 22. 7pm at Classroom 2. Free. Remembrance A Sheep in the Box A double-bill exhibition by Teng Chok Dec and Siak Fahn Ein who make use238 words
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Article, Illustration144 1994-11-19 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum 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 at144 words
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Article, Illustration766 1994-11-19 25 Shahiron Sahari - Shahiron Sahari goes down memory lane with Art Garfunkel Shahiron Sahari WHEN couples divorce, who gets what can sometimes be a big bone of contention. When Simon and Garfunkel split up, no question, Simon was left with all the hardware, the nuts and bolts, while Garfunkel766 words
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EPICURE
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Article, Illustration525 1994-11-19 26 JAIME EE - Bon Appetit By JAIME EE SOMETIMES you wonder, when eating Chinese vegetarian food, why chefs put so much effort into making their bean curd or gluten-based dishes taste like real meat and seafood. Try kidding yourself if you will, but after awhile, that mock duck525 words
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Article783 1994-11-19 26 N K YONG - Wine By N K YONG THE FOLLOWING tips are offered to those who want to visit a vineyard on their own instead of availing themselves of the commercially available wine tours. Do >ou need an appointment? Yes. Obligatory in some cases, preferable in others, rhe783 words
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Article, Illustration1064 1994-11-19 28 Airheads. A bumbling band hijacks a radio station to have their demo taped aired. Yishun: 9.15pm. Amantes. Spanish tale. A discharged soldier lodges with a steamy widow. The inevitable happens. His fiancee discovers the affair. R(A). Midnight tonight at Yangtze. Baby's Day Out. Baby Bink wanders around New York1,064 words
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Advertisement10 1994-11-19 17 Asia's newest airports What next for Changi? EL 6 710 words
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Advertisement134 1994-11-19 17 I 13 n ei •*V-> J.j 24-hour "Loan information Sorvicc Approval'' 1800 334 3588 1800 334 368 8^ "V Reverso. Avant-garde since 1931. In 1931 Jaeger- y^^ LECOULTRE anNOUNCED A WRIST- 4uk TO BE EQUALLY < AT HOME ON THE SPORTS FIELD OR THE DRAWING ROOM. tf v _.>'' 'jflji134 words
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Advertisement435 1994-11-19 18 RCf) NVEST IN THE RARE ANIMAL THE SPECTACULAR SERIES 4 FOR A WORTHY CAUSE. In the fine tradition of its The best-selling China Rare predecessors, tin* long awaits! ilh Animals Protection Commemorative series looks set to be vet another Coins are bark again. block buster. Since iLs advent in 1988.435 words
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Advertisement25 1994-11-19 18 BT welcomes letters from you. Please address (hem lo: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.25 words
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Page 18 Miscellaneous
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Miscellaneous63 1994-11-19 18 ly THIS HAS Gotfe (PiUL SFVD...J \T'S DISGUSTiMG— NO S>OO|SCR F *K- E-NOUGH.\>\ 1 PO I mettToH I'm GOIN'G To COALk- CALLING THE. UHOLE V\ OOT P\nd NEVCR thing OFF AMD I —>». TUp\N I p.fvjr, Jrygcc fcK Dt> LOAHT f\LL Mv/ /> SQ UPI 66L.N^| S £?<£?*£ lws www,no63 words
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Page 19 Advertisements
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Advertisement48 1994-11-19 19 fl il 'X&UJb *j> 4W -zh> aj&*ft*t?L J<X4Uc4Jf MrO cUf /HJbtdjLjl a, /btL>A>&' idy- 4*td 4uJfc+<~< fc/uAJL frtZ* /Ij-ntl) /yHAs cbctlf J A>tMo*&/ X&s&f j4C4jf dh-tsLsCt a< d-&dca* Yl£#s*, vH^H Every Heineken Has Its Moment. First brewed in Holland in 1873. Now the world's No. 1 imported beer.48 words
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Advertisement19 1994-11-19 23 CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. Singapore# rri BusincssTimes Wt KNOW ASIA19 words
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Advertisement124 1994-11-19 24 lßm'' t yA? Abova* a*yoMl PtoLtd I ManlimrSqiMn-WMOI Td 72WM2 Cofttiu W«lrhCnitr*Pt«Ud WI-3AiCirri«Cily XtWIRS. W|- fl| S2 Lmky PlauTH 23V1»i4 l>«lu«« tJ»«ern W«lch P»* lld *)l 18/20lVntrvp«iint r«H HSZVVi J*w*ll*ry lndu»»ri«lS» P»« Itd 44 Alc»*ixlm T«r*-»)ISWd(5(OW Pasir jrw' H ran»«*lU>Tt4 *****1W Hoy Fa«««»ii Watch P»« Ltd *>1-74 Lucky PUMTrt 7M.YII*124 words
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Advertisement1099 1994-11-19 26 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX7AI-1298 BBsdL L.C. Development Ltd (Incorporated In tm Repub»c of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordnary General Meeting of the Company wiM be hdd on Monday, tie sft day of December 1904 at 11.00 ajn. d tw1,099 words
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Advertisement547 1994-11-19 26 I Pasta B ravel announces a netv I I A La Carte Menu I I Executive Set Lunch at SIS J g Ofyening hours: 12 2.30pm (Lunch) and I m 6.30pm 10.30pm (Dinner). -p m {e* I j PASTAy KAVA j M ITALIAN RESTAURANT m m II Crmi/i Road, Tanjonq547 words
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Advertisement179 1994-11-19 26 TOP MM CHEF, Savour Italian cuume with White Truffles cooked to perfection by top Italian cbef Nat ale Baccbetta from Hotel Villa Cmpi in Piedmont, Italy. RARE TIMJAN TRUFFLES! Lunch and dinner from Monday 2hi till Wednesday 30tb November. Call J3l *****r 71 for more detaiL. RISTORANTE BOLOGNA ■rrttnoon 6179 words
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Page 27 Advertisements
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Advertisement729 1994-11-19 27 M Nothing Beats A Bud. M OF "Jfoiqh Qieu starts at t(oon Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13.80 (adult) 58.80 (child) A La Carte Menu is also available. All prices are subject to 10". service charge, l'» Hovernmenl Ijx729 words
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Advertisement367 1994-11-19 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) E, w Karaoke High-Tea: $19.00367 words
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Advertisement339 1994-11-19 27 r t y t The "In-Donesian" Thing To Do! And why not, at the Chatterbox! Indulge in a sumptuous Indonesian buffet of some 30 cold hot dishes and a tempting array of delicious desserts by our guest chefs from Sahid Jaya Hotel Tower, Jakarta. Just do it! Come to the339 words
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Page 28 Miscellaneous
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Miscellaneous2345 1994-11-19 28 TODAY'S TV ■nrmrnrfH Basque Country (See 600 Morning News (M). Our Choice). If jT. 6.15 Wawasan Sua. 6.30 Front Runners. hr*+V" 7.00 CNN News (M). Scarlett Bpm, Ch 5 The Three King- 7.00 4HK 1 Mr ®-J® Sarapan Malaysia. her grandfather in Savannah capital after he fails to assassi- Choice"^2,345 words
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