The Business Times, 17 December 1994

Total Pages: 28
1 28 The Business Times
  • 13 1 Business Times MITA(P) 194/12/94 Weekend Edition, December 17-18 1994 WL KNOW ASIA 75«
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  • 617 1  -  F&N group's net earnings surge 62.6% to 134 m By Genevieve Cua SINGAPOREAsia Pacific Breweries yesterday proposed a one-for-one bonus issue for the first time, sweetening even further the stronger-than-expected set of results of its parent company Fraser Neave. APB's bonus issue is expected
    617 words
  • 384 1 Possible criminal liability on part of some individuals SINGAPORE An inquiry into a fatal explosion at Sembawang Bethlehem (Sembeth) in August has found serious deficiencies in the yard's safety practices and possible criminal liability against certain individuals. In a report released yesterday,
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  • 313 1  -  By Claire Leow SINGAPORE AT&T Consumer Products yesterday laid off 600 employees, or half its workforce here, marking a shift in its focus to higher val-ue-added products. This was its second lay-off in two years. In 1992, the
    313 words
  • 210 1 SINGAPORE Despite a strong overnight rise on Wall Street, regional markets yesterday ended mixed, with local prices slipping in what was described as a healthy consolidation. The Dow Jones Industrial Average on Thursday rose 19.18 points to 3,765.47, but analysts said the movement could have been
    Source: Bridge Info  -  210 words
  • 276 1 Bloomberg Business News Reuter, WASHINGTON New housing construction increased a larger-than-expected 6.9 per cent in November the biggest gain in eight months as a strong labour market and unusually warm weather offset higher borrowing costs. Building starts increased except in
    Bloomberg Business News; Reuter,  -  276 words
  • 310 1  -  By Ramesh Divyanathan SINGAPORE Two former directors of paper trading and fast-food group Inno-Pacific Holdings were each found guilty of three counts of criminal breach of trust yesterday. Former managing director Cheam Tat Pang, 58, and former executive director Thomas Cheong
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  • 2am LATEST
    • 81 1 Reuter NEW YORK Blue-chip stocks rose for the third straight session yesterday, driven by trading related to the triple witching expirations. The Dow Jones industrial average was up 11.44 points at 3,776.91 at I pm EST. In the broader market, advancing issues led declines 11-8 on
      Reuter  -  81 words
    • 40 1 Reuter LONDON Finance minister Kenneth Clarke will visit Malaysia, Thailand and Vietnam from the end of this month to promote British exports, particularly of financial services and expertise, the Treasury said yesterday.
      Reuter  -  40 words
    • 53 1 Reuter GENEVA Irish Gatt chief Peter Sutherland is almost certain to become interim chief of the new World Trade Organisation at its launch on Jan 1, trade diplomats said. They added the deadlock between the blocs supporting the three long-term candidates for the
      Reuter  -  53 words
  • 167 1 Stock market indices Friday Change STII 2,169.72 -10.51 KLSEComp 946.60 -417 Nikkei 19,163.43 +42.31 Hang Seng 8,166.39 -93.17 SET Index 1,336.47 +26.47 Jakarta Comp 458.80 -0.13 CLSA China B 919.83 +16.74 Aust All Ord 1,897.0 +2.0 FTSE 100 3,013.6 +40.2 Friday Previous 1 pm EST close Dow Jones
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  • Page 1 Advertisements

  • SINGAPORE NEWS
    • 275 2  -  By Shiv Taneja SINGAPOREANS' biggest concern is inflation, especially property prices and the cost of cars, a survey carried out for MasterCard International has found. But despite this, people are more confident about the economy now than they have
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    • 353 2 SIX projects have won awards for excellence from the Construction Industry Development Board. The 1994 awards, announced yesterday, went to: Ngee Ann City and the Reuters Computer Development Centre in the commercial category; Nassim Park Condominium, Casa Meyfort and Bedok Redevelopment Contract 3
      353 words
    • 323 2 SINGAPORE companies have been urged to bid for World Bank computer software and systems development projects in countries around the world. The bank's chief procurement adviser, Raghavan Srinivasan. said on Thursday that Singapore firms should also seek out World Bank-financed projects
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    • 443 2  -  By Corinne Kerk SINGAPORE Telecom is interested in joining a USS2 billion (552.93 million) personal communications system proposed by a US-Canadian joint venture. Executives of the Odyssey venture yesterday met Telecom officials as part of a world tour to look for five
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  • Page 2 Advertisements
    • 234 2 BUSINJES S T I M E S TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 An established Bank based in Kuala Lumpur seeks a VICE-PRESIDENT/CENTRE MANAGER To manage the Bank's credit card centre Responsibilities will include management of customer service, credit and risk management, chargeback, collection, systems and finance departments. Additionally, he/she
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    • 269 2 CAX& BU S I NESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 A leading bank, based in Kuala Lumpur, in the process of establishing a new retail based banking unit, seeks the following senior management personnel: VICE-PRESIDENT CUSTOMER SERVICE The Vice-President Customer Service will be responsible for the establishment of,
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  • Page 2 Miscellaneous
    • 419 2 WEATHER I Singapore: Occasional showers m the afternoon and earty evening. (Temperature 25-3 l'C). Ma-PacMc WU- Cm* Ear** w/U* C«ml Buerxatan 31/20 Cloudy AucMaro 22/'5 Cloudy «mifdau 06,02 Cloudy Chufo 02/-6 Cloudy Bang** 36/23 Cloudy Athens 11/07 Cloudy Honolulu 28/22 Cloudy CM, Bertno4/2 Cloudy HouMon 16/07 Sunny Bombay 33/17 Swwy
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  • THE REGION
    • 399 3 Reuter, AFP PENANG Contracts worth US$l.3l billion (SSI.9 billion) were signed yesterday by companies to develop investment and infrastructure projects in the Indonesian-Malaysian-Thailand Growth Triangle (IMT-GT). The deals involving companies from each of the countries include setting up export processing zones in southern
      Reuter,; AFP  -  399 words
    • 364 3 Bernama AMONG the main agreements announced in Penang: Four consortia will be set up to develop the proposed land bridge linking Penang and Songkhla on the southern Thai east coast. They will develop the four main components of the land bridge
      Bernama  -  364 words
    • 270 3 Reuter BEIJING China said inflation has fallen for the first time in 18 months but eeonomists said it was too early to say it was under control. The Xinhua news agency quoted the State Statistical Bureau as saying annual consumer price inflation in November was
      Reuter  -  270 words
    • NOTE BOOK
      • 93 3 Reuter COLOMBO Sri Lanka has decided to abolish number-only bank accounts for non-residents and foreigners next year as the scheme did not attract much money due to the country's liberal exchange rules, the finance ministry said yesterday. The Swissstyle scheme was introduced in January, 1991,
        Reuter  -  93 words
      • 31 3 Reuter SEOUL Israel's Prime Minister Yitzhak Rabin showing his honorary degree which he received at the Seoul National University yesterday during his three-day visit to Seoul. Reuter
        Reuter  -  31 words
      • 109 3 AFP HONGKONG Washington warned yesterday that China faces trade sanctions and rejection of its bid to rejoin Gatt if it fails to seriously crack down on intellectual piracy within the next two weeks. "We've had a lot of discussions it's decision time," said a senior
        AFP  -  109 words
      • 97 3 AFP MANILA The International Monetary Fund (IMF) has agreed to relax restrictions on monetary taigets to give the Philippines room for higher growth in 1995, officials said yesterday at the end of two week's of negotiations. "The positive outcome (of the talks) is indicative
        AFP  -  97 words
    • 471 3 Reuter WELLINGTON The New Zealand government yesterday unveiled the next stage in its tariff reduction programme, which eventually aims to remove all import protection. The review tackled industries with the highest exposure to imports and allowed the government to
      Reuter  -  471 words
    • 213 3 HANOI Minimum investments and standards have been set for new hotels proposed by foreign investors in Vietnam, an official newspaper reported. Minimum capital would be US$B million (SS 11.72 million) in Ho Chi Minh City, the biggest city, US$5 million in the capital
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    • 355 3 Bloomberg Business News, Reuter WASHINGTON The foreign share of the Japanese semiconductor market, a closely watched measure of USJapan trade relations, rose to a record 23.2 per cent in the third quarter, the US Trade Representative's office said on Thursday.
      Bloomberg Business News,; Reuter  -  355 words
  • Page 3 Advertisements
    • 131 3 Be Smart That's you Check what we have to offer before X" \l 1 you make your decision. Especially if you're considering an Endowment Plan under the Enhanced /3x\ Sipli pm p Very Htghßetum JLV/X JL JLV/ Stocks Shares High Risk, High Return The Asia Life CPF Enhanced Investment Scheme
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  • REGION/WORLD
    • 371 4  -  From Leon Hadar in WASHINGTON SOUNDING more like a fiscally conservative "New Democrat" and less like a traditional "tax-and-spend" liberal, US President Bill Clinton proposed on Thursday night a set of major cuts in taxes for the middle class and
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    • 554 4  -  From Neville Stack in LONDON PRIME Minister John Major's government crashed to a humiliating defeat at a by-election declared early yesterday. The vote set records for the expression of public disapproval at the polls. The ruling Conservative Party
      554 words
    • 431 4 AFP TOKYO Japanese investment in the rest of Asia will take off in 1995, after already strong growth in 1994, no matter what happens to the yen, a senior Nomura Research Institute economist said yesterday. Kwan Chi Hung, senior economist at the Centre
      AFP  -  431 words
    • 1415 4 a& nw cro nm no ftbM MMW GA976 0010 <—■I RJ187 0100 Amstardam KL838 0001 SQ25 0635 SQ324 2330 KL837 1540 KL838 2335 Auckland NZ21 1710 BAH 1350 NZ21 1735 NZ22 1825 SQ286 2035 NZ22 1850 SQ286 2040 SQ286 2040 SQ7295 2240 SQ7295 2240 SQ7295 2340
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    • 283 4 AP BEIJING Beijing, a city of sky-high office prices and round-the-clock construction, held its first real estate auction yesterday with one item on the block a college on a quiet street. But city officials called the sale a success and a symbol of changes
      AP; Reuter  -  283 words
    • 310 4 AFP TOKYO Outgoing Bank of Japan governor Yasushi Mieno passed the baton of Japan's economic recovery to his successor yesterday, urging continued efforts to clean up the mess left when the "bubble economy" burst. "I have tried to liquidate squarely the after-effects of
      AFP  -  310 words
    • 272 4 AFP KUALA LUMPUR Malaysia has approved radical legal reforms that will allow compulsory whipping of corporate cheats and the abolition of a British-inherited trial by jury system next year, law officials said yesterday. The cabinet approved the changes to Malaysia's criminal laws
      AFP  -  272 words
    • 231 4 Bernama KUALA LUMPUR Deputy Home Affairs Minister Megat Junid Megat Ayob said that he and members of his family do not own any agency dealing in foreign workers. He challenged those who accused him of owning such an agency to prove their allegation. Mr
      Bernama  -  231 words
  • Page 4 Advertisements
    • 118 4 SINGMARINE INDUSTRIES LIMITED (Incorporated in th« RtpubScof Singapore) ANNOUNCEMENT SINGMARINE INDUSTRIES LMfITED*S 54.394,133 WARRANTS TO SUBSCRIBE FOR 54,304,133 NEW ORDINARY SHARES OF $0.50 EACH (the "Warrants") The Company wish to advise thai the Warrants expired at 5.00 p.m. on 12 December 1994. On ttw expiry dale, 38,165,503 Warrants were exercised
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  • THE WORLD
    • 419 5 New limits will help the four major TV networks expand their empires Bloomberg Business News WASHINGTON The Federal Communications Commission has proposed to dramatically ease television ownership rules, a move that would let the four broadcast networks vastly expand their size and
      Bloomberg Business News  -  419 words
    • 232 5 Reuter. BRUSSELS The European Commission yesterday cleared a plan by nine North American, European and Japanese companies to create a joint venture offering satellite telecommunications services, saying it would boost competition. The commission said the venture. International Private Satellite Partners (IPSP), would
      Reuter.  -  232 words
    • 251 5 Reuter WASHINGTON The International Monetary Fund (IMF) has extended until April 30 a special loan programme that helps countries transform their economies from communism to capitalism. The move, which had been expected, should particularly benefit the countries of the former Soviet Union. Set up last
      Reuter  -  251 words
    • 376 5 Bloomberg Business News WASHINGTON High bids at the government's auction of wireless phone licences broke the US$l billion (551.46 billion) barrier on Thursday, a day after the Federal Communications Commission took steps to jump-start sluggish bidding. After 13 rounds of bidding, high
      Bloomberg Business News  -  376 words
    • WORLD WATCH
      • 101 5 Reuter ROME Northern League leader Umberto Bossi, leading a revolt against Prime Minister Silvio Berlusconi, claims he has the support to bring down the government in a de facto confidence vote next Wednesday. "All you have to do are the sums and you see that
        Reuter  -  101 words
      • 45 5 AFP TOULOUSE, France An autonomous exploration vehicle focuses its stereoscopic camera "eyes" on simulated extraterrestrial terrain at the National Centre for Space Studies here on Thursday. The robot, named Marsokhod, was designed by the Russians for use in Mars. AFP
        AFP  -  45 words
      • 85 5 Reuter WASHINGTON Dee Dee Myers, the first woman to serve as White House press secretary, said yesterday she was resigning her post at the end of the year. Ms Myers said she had received several job offers but had not decided which one she
        Reuter  -  85 words
      • 95 5 AFP GROZNY, Russia The leader of breakaway Chechnya yesterday ordered his forces to pull back to avoid a direct conflict with Russian armed forces sent into his tiny Muslim republic to reverse its independence drive. Dzhokhar Dudayev issued a decree ordering all Chechen forces to pull
        AFP  -  95 words
  • Page 5 Advertisements
    • 416 5 Care Spectacular Ccins Celebrate feur years cf Aw JB Friendship October 1990 China Singapore diplomatic relations, creating many political, 1 economic, cultural, educational and scientific W: »1L» exchanges between the two countries. Three Superb Coins V wK W Celebrating four years of this friendship is a superb set of three
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  • COMPANIES & MARKETS
    • 352 6  -  By Abdul Hadhi SINGAPORE DBS Land is acquiring a majority stake in an Australian property group for As7B million (5588.7 million). The listed company said yesterday its wholly owned subsidiary, Australand, had entered into an agreement to acquire 65 per cent
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    • 432 6  -  By Genevieve Cua SINGAPORE Asia Pacific Breweries yesterday reported a lacklustre set of results, with earnings dampened by higher tax, depreciation and interest expenses. The results were made more palatable by a first-ever one-for-one bonus issue which, if approved, would double
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    • 251 6 SINGAPORE Recently listed Eng Wah Organisation yesterday reported net earnings of $893,000, and turnover of $6.6 million for the half year to Sep 30. The company, which listed on the mainboard in July this year, said contributions from cinema takings and
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    • 220 6 SINGAPORE Listed property group Malayan Credit Ltd said yesterday it had tendered successfully for a plot of residential land for $200.6 million. Malayan Credit said the Housing and Development Board had accepted its tender for the 99-year-lease land near Serangoon Avenue 3/Lorong Chuan.
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    • 618 6  -  HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR A crisp announcement by Benta Plantations Bhd on Dec 13 which said it had terminated the proposed purchase of 53 acres of JB Perdana industrial land in Johor state may have passed oil as
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    • 249 6  -  By Quak Hiang Whai SINGAPORE Cam Mechatronic Ltd lifted net earnings by only 5 per cent to $8.22 million for the year to Sep 30, 1994. short of its projections in July. But the group expects to improve on
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    • 203 6 SINGAPORE Ten staff members of DBS Land and subsidiaries had bought units in condominium development Aspen Heights worth $17.7 million, the company said yesterday. DBS Land said eight staff and their families had bought units worth $14.25 million under an approved
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    • EYE on your STOCKS
      • 20 6 For next week 'v expected market sentiment, see BT Sentiment Index on El A (Personal Finance Investment section)
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      • Article, Illustration
        123 6  -  By Paul Leo. TAN Chong Motors at yesterday's closing of $1.64 is a medium-term buy. Weekly Relative Strength Index and stochastics are below 25, indicating an oversold situation. Daily Moving Average Convergence-Divergence Indicator has already signalled a buy. The stock is likely to rise towards $2.20 within the
        123 words
    • COMPANIES
      • COMPANY BRIEFS
        • 68 8 SINGAPORE Singapore Telecom has formed a subsidiary in Sweden called Singapore Telecom International Svenska AB, whose primary role is that of an investment holding company. The new subsidiary, with paid-up capital of 50,000 kronor (559,731). will hold Telecom's proposed investment in the Stjarn TV Group.
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        • 46 8 SINGAPORE First Engineering yesterday reported interim net earnings of $1.5 million on a turnover of $15.1 million for the six months ended Sep 30. Earnings per share was 2.2 cents and net tangible asset backing per ordinary share was 25.2 cents.
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        • 45 8 SINGAPORE Pan Pacific Public Co yesterday announced a 6 per cent increase in net earnings to $1.1 million on the back of a 40 per cent increase in turnover to $19.5 million for the half year to Sep 30.
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        • 32 8 SINGAPORE Vicker Ballas Holdings has raised the issued and paid up capital of its futures trading arm. Vickers Ballas Futures, by $3 million to $7 million.
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        • 70 8 In yesterday's BT report headlined 'WBL sets up CD-ROM joint venture with Taiwan firms', we stated incorrectly that WBL Corp, Walsin Lihwa Corp and Winbond Electronics Corp would have equal stakes in the new firm, Wearnes Winbond. WBL will in fact hold 50 per cent of the
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      • 215 8 SINGAPORE Listed yachtmaker GB Holdings yesterday announced a net loss of Si.3 million for the half-year ended Sep 30, despite a 23 per cent increase in turnover to $20.5 million. The company, manufacturer of the world-famous Grand Banks yachts, said margins remained
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      • 765 8 Payment Ex Books Pay date close date AISB SO* b 3 Dec 28 Jan 12 Jan 25 Amlck Eng 20' F 6TE Dec 12 Dcc 16 Dcc 30 Antah Hldgs 50* b 6 Nov 25 Dec 9 Jan 5 Asia Pac Ld 1 2TE Nov 23 Dcc 7 Jan 5
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      • 432 8  -  By Chew Farn Chyi SINGAPORE Thai consumer electronics company Distar Electric Corp Public Co plans to raise 350 million baht (5520.4 million) through an issue of five million shares. The issue, on the Stock Exchange of Thailand, is planned for
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      • 48 8 Reuter MAWLA—"Telephone operators of the Philippine Long Distance Telephone Company joining other employees on a sit-down strike outside their office in Manila yesterday. They went on strike in protest against what they said was the management's refusal to negotiate their collective bargaining agreement.
        Reuter  -  48 words
      • 509 8 Bloomberg Business News SINGAPORE Singapore brokerage Vickers Ballas Investment Research Ltd has already made a New Year's resolution: buy Singapore and Malaysia stocks. The firm's investment strategy report for 1995 predicts that Singapore's benchmark index will surge 28 per
        Bloomberg Business News  -  509 words
      • 225 8 SINGAPORE Listed Econ International lifled net profit by 3 per cent to $4.52 million for the half year to Sep 30, 1994, thanks mainly to higher profit margins on some projects as group turnover fell sharply. The specialist engineering group said a
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      • 212 8 Bloomberg Business News MANILA Empire East Land Holdings Inc. a wholly owned subsidiary of Megaworld Properties and Holdings Inc. projects profits to jump to 725.7 million pesos (Ss44 million) in 1995 from only 20 million pesos this year. In statements filed with
        Bloomberg Business News  -  212 words
      • 224 8 MBT KUALA LUMPUR Kwong Yik Bank Bhd (KYB) is working out its next five-year plan starting next year, and is identifying the number and location of branches it wishes to establish. After the plans are finalised, it will then be submitted
        MBT  -  224 words
      • 112 8 Reuter SINGAPORE Schroders Securities yesterday said it is looking to move to an overweight position on the Malaysian stock market in the first quarter of 1995 from its current neutral stand. Schroders said in a report the Malaysian stock exchange had underperformed for most of 1994,
        Reuter  -  112 words
      • 335 8 Reuter HONGKONG In a bestcase scenario, Hongkong's Hang Seng stock market index will reach 12,000 by the end of 1995, according to a Reuter survey of brokers in Hongkong yesterday. But few brokers are predicting such a move, which,
        Reuter  -  335 words
      • 516 8 Managers' prtecs Dccl7&|9 USGr Fund 0.94 0.97wt" Singapore Unit Trust UOB Asset Mgt Ltd The C ommerce 1.60 1.69 Unifund 1.40 1.46 The Savings Fund 1.55 1.64 Umbond 1.04 1.07 S'porc Prog Fund 0 59 0.63 United Gr Fund' 1.66 1.73 Spore Sec Fund 095 1.01 United Asia Fund 1.57
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      • 361 9 Bloomberg Business News SHANGHAI China shares rose sharply on Thursday amid speculation the government has decided to slash the number of new share offerings next year to ease concerns about a share glut, traders said. The CLSA Shanghai
        Bloomberg Business News  -  361 words
      • 389 9 Reuter TOKYO Japan's Sony Corp and Philips Electronics NV of the Netherlands unveiled a blueprint yesterday for a new generation of movie compact discs that they hope will make the home video tape obsolete. With their joint design for a digital
        Reuter  -  389 words
      • 416 9 Reuter MELBOURNE Australia's biggest company. The Broken Hill Pty Co Ltd, posted a record half-year profit yesterday, boosted by a strong performance in its minerals and steel divisions. BHP said net profit surged 67 per cent to A 51.07 billion (551.21 billion) in the
        Reuter  -  416 words
      • COMPANY BRIEFS
        • 63 9 Bloomberg Business News HONGKONG Trading on China's Shanghai stock exchange is expected to surpass 2 trillion yuan (***** billion) this year, about 7.5 times the level of 1993, the official People's Daily reported. Wei Wenyuan, the general manager of the Shanghai Stock Exchange, made
          Bloomberg Business News  -  63 words
        • 65 9 Reuter HONGKONG Kwong On Bank Ltd said it was seriously considering an initial public share offering and a HKS2OO million (5537.8 million) to HKS3OO million redevelopment of its headquarters in the prime Central Business District. A spokeswoman confirmed comments by bank chairman Ronald
          Reuter  -  65 words
        • 69 9 Reuter NEW DELHI Japan's Matsushita Electric Industrial Co said it is creating a new subsidiary which will produce and distribute its Panasonic brand colour television sets and audio products in India. Matsushita will hold an 80 per cent direct stake in National Panasonic India
          Reuter  -  69 words
        • 74 9 Bloomberg Business News TOKYO The world's top supercomputer maker, the US' Cray Research Inc, will begin in July a series of experiments in multimedia communications with Japanese companies, Tokyo Financial Wire said, citing the Nikkan Kogyonewspaper. In the experiments, Cray supercomputers used by Mazda
          Bloomberg Business News  -  74 words
      • 314 9 Reuter NEW YORK Billionaire Warren Buffett, the famed stock picker and financial sage of Omaha, on Thursday acquired a 4.9 per cent stake in Gannett Inc, owners of USA Today and over 100 other newspapers. The Arlington-based media giant soared on the
        Reuter  -  314 words
      • 282 9 Bloomberg Business News KANSAS CITY, Missouri Sprint Corp said it expects fourth quarter operating profit at its long-distance division to decline from the third quarter, partly because of increased competition. Sprint shares plunged 13 per cent in hectic trade.
        Bloomberg Business News  -  282 words
    • SHIPS IN PORT
      • 531 9 Vwstl *>* Ho Berth Arrival Departure Vessel Voy No Berth Arrival Departure P#rt Batam Speedb ****** TOl* 15.13/2200 15.13/2354 As»«wros ID alongside 1/12/0600 Bmantara 2 22K/94 TO/ 1/12/0830 18.12/0200 117/18 alongside 1/12/1500 Bonastar 2 ****** TO4 1/12/0730 17.12/1500 alongside 1712/0700 Caraka *330 HE TO3 17.12/1800 1812/2300 OwGona
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      • 1303 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rslts Ship Voy No Etb/Btr Period From To From Jade 21,A 18/0300 1* 16/1500 16/1659 16/1900 IB 16/1500 16/1659 16/1900 28 16/1/00 17/0659 I//0900 17/1200 17/1459 17/1700 U/1500 1* 16/1500
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    • FINANCE & COMMODITIES
      • 342 10  -  By Soh Tiang Keng SINGAPORE Two Thai companies signed separate loan deals here yesterday to raise a total of US$l3O million ($l9l million). They are Siam Nissan Automobile, which signed a US$6O million syndicated loan agreement with 11 banks,
        342 words
      • 375 10 Brokerage watchdog proposals focus on customers' risk awareness Bloomberg Business News, Reuter NEW YORK The National Association of Securities Dealers Inc has proposed sweeping rules on how brokerage firms can sell securities and mutual funds in bank branches. The rules, which will apply
        Bloomberg Business News,; Reuter  -  375 words
      • 411 10 DBS Bank weekly currency review LSS/DMK: bull* on bold THERE was little spark for the greenback this week as it came ofT from the 1.5820 on Monday* to 1.5675 on Tuesday. Thereafter, it settled to consolidate between 1.5683 and 1.5747 for the next two days.
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      • 166 10 Reuter JAKARTA Indonesia's state oil company Pertamina has said there could be an opportunity for Gulf Canada Resources Ltd to develop gas reserves in North Sumatra following the Natuna gas deal. "If Natuna can succeed in separating the gas and CO2, all potential
        Reuter  -  166 words
      • 171 10 SINGAPORE US investment bank Goldman Sachs has emerged as the top underwriter in the Euro and global US dollar bond market in an International Financing Review survey of the 250 largest international borrowers. The UK magazine says Goldman Sachs achieved this dominant position
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      • 158 10 SINGAPORE The Hongkong and Singapore offices of Kidder Peabody, the scandalhit securities arm of US electronics giant General Electric, are to join US broker Paine Webber International. PaineWebber made the announcement in New York yesterday, two-and-a-half months after GE said it would sell parts of
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      • 403 10 Reuter LONDON UK merchant bank S G Warburg Group pic's already faltering reputation took another battering after US rival Morgan Stanley Group Inc called off merger talks. For the bank, long-ac-claimed as Britain's top securities house, the failure is the latest of a
        Reuter  -  403 words
      • 301 10 ENERGY REPORT Reuter LONDON World oil prices rallied yesterday as the date for the introduction of a new "clean" grade of petrol in the US was confirmed for Jan 1. The world's benchmark crude oil price, February Brent crude futures, was
        Reuter  -  301 words
      • 189 10 Reuter LONDON The dollar was stuck fast around the 1.5700/20 marks and 100.30/40 yen levels it has spent much of the week in, amid a dearth of trading incentives. "Its fate for the Christmas period will not be decided until the FOMC meeting," said an analyst. Until
        Reuter  -  189 words
      • 94 10 AFP NEW YORK The dollar was mixed against other major currencies in early morning trading yesterday, tailing back against the yen, the pound sterling and the German mark but gaining ground against the French and Swiss francs. Gold was up 30 cents at U*****.50 an ounce. In early
        AFP  -  94 words
      • Article, Illustration
        1610 10 I rmle-neifhlnl unlet itikiikinxl avtn\t Spire's tup 14 irailinK /tartnen. Base year (W US$/S$ forward rates Noon Dec 16 S$ Bid Offer 1-month 1.4622 1.4637 2-month 1 4607 1.4622 3-month 1.4)97 1.4612 6-month ***** I.4S67 Snunr OCBC' Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m Dec 16 Singapore
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    • COMMODITIES & FUTURES
      • 1304 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars ended firmer on short covering yesterday, while Euroyen were Hat. Dealers said Eurodollars ended higher as traders covered their short positions ahead of the Federal Reserve's policy meeting on interest rates next Tuesday. They said the spate of
        Reuter  -  1,304 words
      • 695 11 COMMODITY REPORTS Palm Oil CRUDE palm oil physical market ended easier yesterday on heavy liquidation and the absence of fresh leads. "The bearish undertone was also due to higher offerings as sellers try to clear their positions towards the year's end," a dealer said.
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      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 62 11 WASHINGTON World sugar consumption in 1994-95 will continue to outstrip production for the third straight year. USDA said on Thursday. Production is forecast at 112.6 million tonnes in 1994-95, below consumption estimates of 113.8 million, USDA said. The production shortfall is one reason world sugar
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        • 50 11 MOSCOW Russia will have to import at least one million tonnes of Cuban sugar in 1995 to alleviate shortfalls, an official with the Russian government's agent said on Thursday. Some supplies from this year's Cuba-Russia oil-for-sugar barter deal may overlap with next year's agreement.
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        • 103 11 LONDON Cocoa producing countries are set to apply to the United Nations Common Fund for help to survey the world's cocoa tree stocks. Dele- gates at International Cocoa Organisation talks here said if accepted, the survey will form the basis for the Production
          103 words
        • 107 11 SEOUL Rising nickel prices on international markets are expected to filter down to South Korean consumers in early 1995, metals traders said on Thursday. Nickel delivered into South Korean ports currently fetches a premium of about US$l5O (SS22O) a tonne over the London
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      • 1458 11 Rubber Dec 16 Singapore Commodity Exchange Physical Prices (futures dosing as at 5.30f«) Buyan jjgjmn As at 12 noon (S cents/kg) RSS 1 Contract (S cents/kg) ru": v im 7T— RSS 2 Jan 95 217.50 218 SON Close volume Open e Month High Low Sett (tonnes) Interest 3
        1,458 words
    • REGIONAL STOCK MARKETS
      • 1058 12 +2.0 A STRONG performance on Wall Street overnight pushed shares higher in early trading before profit-taking took the edge off it. leading the bourse to finish only marginally firmer. The All Ordinaries Index finished two points firmer at 1.897.0, while the All Industrials Index dropped five to end at
        1,058 words
      • 618 12 +29.14 Share prices ended higher yesterday, taking the cue from regional markets and overnight gains in New York. The PSE Index advanced 29.14 points to 2.708.99. Turnover was 2.38 billion shares worth 2.53 billion pesos. Most blue chips were active, with index heavyweight Petron Corp gaining 25 centavos at
        618 words
      • 559 12 -11.14 Stocks declined on profit-taking in heavy trading, dampened by plastic and chemical shares, which dropped 1.1 per cent. The 394-issuc Weighted Price Index dipped 11.14 points to 6,811.99. Turnover swelled to 2,915 billion shares worth NTS 113 billion. The market opened high and peaked at 6,895 points in
        559 words
      • 312 12 18.64 Shares posted their biggest oneday rise in three weeks after a rise in forester Fletcher Challenge's American depositary receipts encouraged investors to bid stock higher. The NZSE-40 Capital Index rose 18.64 points to 1,924.86. The index has risen in only four of the past 14 trading sessions.
        312 words
      • 455 12 +8.89 Share prices firmed for the third straight day on rallies of individual issues without any fresh incentives, brokers said. The Composite Price Index rose 8.89 points to 1,036.76. Turnover was 29 million shares worth 600 billion won. Rises outweighed falls 654 to 200. with 132 unchanged. Sentiment was
        455 words
      • 104 12 +38.40 Share prices moved up on moderate buying interest from domestic mutual funds. "Several domestic funds, including Unit Trust of India, took some fresh positions. This curbed selling pressure on the domestic market," said a broker. The 30-share BSE Index climbed 38.40 points to 3,942.29 while the broader 10share
        104 words
    • WORLD STOCK MARKETS
      • 816 12 +40.2 STOCKS closed higher, led by real estate and financial issues, after an economic survey suggested strong demand for manufactured good, while concern eased over inflation and higher interest rates. The Confederation of British Industry said producers reported the stron?;est demand improvement or six years, according to December orders,
        816 words
      • 118 12 -6.94 French shares ended lower, in contrast to London, Frankfurt and Wall Street, after foreign institutions sold French shares. The CAC-40 Index ended down 6.94 points at 1,924.16. Of the CAC-40 stocks, 18 closed higher, 22 lower. Volume was 3.7 billion francs. Paris Dcc 16 Fr Air-Ltquide 724 00
        118 words
      • 213 12 17.47 German stocks finished higher yesterday, closing on a four-week high as shares of electronics and engineering giant Siemens made further gains following Thursday's strong profit forecast. The DAX Index closed the day at 2,069.90, up 17.47 points. The last time the index closed that high was on Nov
        213 words
      • 178 12 10.61 Position taking at the start of the new trading account helped push stocks higher with no negative news to counter the trend. The Bel-20 Index closed near its intra-session high, with a gain of 10.61 points at 1,394.44. "Its mainly down to the start of the trading period,"
        178 words
      • 134 12 191 Italian shares ended near day's highs and brokers see room for further rises on Monday. But as Wednesday's confidence vote looms, investors are likely to become increasingly nervous and then the market could turn down again. The Mibtel Index ended up 191 points at 9,705. Most interest was
        134 words
      • 288 12 +0.69 Dutch shares closed higher, led by bonds and London and New York stock exchanges, but gains were subdued by options related index selling. The AEX Index opened lower, tracking London and bucking firmer bonds, but followed the British market into positive territory in later trading. Index options expiry
        288 words
      • 140 12 -0.40 Swedish shares failed to muster enough interest in the positive factors of strong foreign bourses and lower debt market yields and instead moved around zero to close virtually unchanged. "This trading to and fro is not particularly exciting although most people expect an upcoming rise," a broker said.
        140 words
      • 253 12 +6.90 Swiss shares closed mixed to slightly higher in thin trade dominated by dealing in a few blue chips. Dealers said futures ex- piry on Soffex at midday had little impact, but options expiry in the afternoon led some share prices slightly down. The SMI index of leading shares
        253 words
      • 265 12 -0.45 Stocks were flat in early dealings and traders said tri-ple-witching in the US makes the day's direction difficult to predict. Triple-witching, the expiry of options, futures and options on futures, boosts volume and often skews direction. "It's triple-witch, who the hell knows where we'll go," said one trader.
        265 words
      • 787 12 15.81 The Dow Jones Industrial Average, which climbed 19.18 points on Thursday, was ahead 15.81 points to 3,781.28 at llam EST. The NYSE Composite Index was ahead 0.80 to 249.76, while Standard Poor's 500-stock Index was up 1.76 to 457.11. Advances pounded declines 1,145-716 among the 2,731 issues
        787 words
      • 755 12 Vienna EV® i. in Rank Austria PS ioq 4 2 <* N VV e» t; u&£" Mjoj'lTn HM VZ Jtf t I oemv v/ z ;i At c no wirnrmcTg J7J0 I Source: Bank Austria Aktiengesellchaft Johannesburg Dcc 15 Rand INDUSTRIALS A Alpha ***** 4 100 AECtT. 2850 25 AMIC
        755 words
    • Article, Illustration
      3060 13 Bloomberg Business News HONGKONG Slocks fell yesterday, led by utilities and property companies. as expectations of further interest rate rises mean that investors are unconvinced that 1994's bear market grief is at an end, traders said. "I don't think we arc out of the danger zone yet because we
      Bloomberg Business News; Source: Bridge Info  -  3,060 words
    • Article, Illustration
      605 13 CLSA AFTER Thursday's 7 per cent rally, H shares consolidated, with the index up a mere 0.3 per cent. Harbin Power was the most actively traded stock, posting turnover of HK$lO3 million. It closed 3 per cent below its IPO of HKS2.SB. Turnover in the Shanghai A market doubled
      CLSA  -  605 words
    • Article, Illustration
      2472 13 Reuter TOKYO Stocks closed mixed yesterday, with the Nikkei Average ending a little higher on arbitrage-linked buying just before the close, but other indices ending lower, brokers said. Trade was quiet, with many investors staying on the sidelines due to a lack of new factors, they said. Position adjustment
      Reuter; Source: Bridge Info  -  2,472 words
    • Article, Illustration
      1851 13 Reuter BANGKOK Stocks ended the week with a strong rally led by finance and banking counters, alternating with light profit-taking. The SET Index closed 26.47 points higher at 1,336.47 on heavy turnover of 7.9 billion baht. Rises led falls 257 to 61, with 89 issues unchanged. "The index went
      Reuter; Source: Bridge Info  -  1,851 words
    • Article, Illustration
      1185 13 Bloomberg Business News JAKARTA Stocks were little changed as recent positive news on interest rates was offset by wariness among investors about putting money into the market before the end of the year. The Official Index fell 0.13 point to 458.80. Turnover was 29 million shares valued at 111
      Bloomberg Business News; Source: Bridge Info  -  1,185 words
    • 2548 14 (>i Gr l*M last Vol l)a> laMQu.Hr IN* l>i» \W \rt M a# lligh Loo (iNiipan) Sak- (DOO) High Loo Bu«rr Seller S Ol P'K Smil MALAYSIAN STOCKS 398 160 ill MSB 50c 300 cd 1-9 410 308 2*1 300 104 J O -2 9 0 3 308
      2,548 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6930 14 Bloomberg Business News KUALA LUMPUR Stocks fell yesterday, led by Telekom and Tenaga, amid expectations the Federal Reserve will raise interest rates next month. Telekom fell 40 sen to close at MS 16.60 and Tenaga lost 20 to M$ 10.20. "Since it looks
        Bloomberg Business News; Source: Bridge Info  -  6,930 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8285 15 I WW BOARD C» Gr M Wi 1994 L«| Vol Da) IM Quote Di» Di. VM Net Can A>( Hi*h Ijm ompunv Sak t'000) High Low Bu)rt Seller CNf S R/E Sail Price INDUSTRIAL AND COMMERCIAL 720* 417 5* ml s \cma MV 4*2 94 4*2 454 454 4*4 8
        8,285 words
      • 1941 16  -  By R Sivanithy SINGAPORE After two days of strong rises, stock prices here and in Malaysia paused for a breather yesterday, despite another strong overnight showing on Wall Street. There was no real selling pressure throughout the day however, while
        Charts by Bridge Info; Source: Bloomberg  -  1,941 words
  • Page 6 Advertisements
    • 411 6 NEWS VALUE APB proposes first-ever 1-for-l bonus issue (pg 1) Groat news which is likely to boost the stock market in general. Two former directors of Inno-Pac found guilty of CBT (pg I) No impact on Inno-Pac. DBS Land buys 65% stake in Aussie property group (this Pg) Positive. DBS
      411 words

  • Page 7 Advertisements
    • 163 7 "< *■*>< J 4 4 V V W*~*" v '< I HARBIN* /J URUMQI SHENYANG p HOHHOT BEIJING yO TAIWAN TlANm t^f[ ftj JINAN J LANZHOU LIANYUNGANG §V V XI'AN g I. NANJINCU >» ENSHI HEFEI —r /-x. ✓w* JT J/ CHENGDU WUHAN f CHONGQING CMLNGSHA Jr mf GUILIN J
      163 words

  • Page 8 Advertisements
    • 38 8 II The ths hotel I O vm I I 111 never nglec-t y ~t3rttS hoost^baty! j w any job any career Available Any Day. any time, anywhere. TNf fTMira Two Thi Ivnm> Tim* Iminiu Trnn •TM Nl« Nm
      38 words



  • Page 11 Advertisements
    • 94 11 Financial News A Quick Look At The I I Markets! Call 24 hours a day for I I SES KLSE midday I reports, closing I I market reports and Cost: 30 cents a minute Organised by: |||R|i}j ne An SPH AudioTex Service f "J BusinessTimes HIDDEN WORDS GAME Bored with
      94 words
    • 40 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 fit Markets. Everyday.
      40 words


  • Page 13 Advertisements
    • 72 13 Call 1800 235-4567 now for more Teleview Thu IS Dec 94 information. Or visit our Customer Low 7.0s High 9.60 oa 9.60 APSn ms Services Centre at Comcentre, 8.90 AT Exeter Road. 8 20 00 7. SO MN A AE r 6 80 tE u E yf E w ;f;
      72 words

  • Page 14 Advertisements
    • 75 14 CalMBoo 235-4567 now for more Teleview w-j Thu IS Dec 94 information. Or visit our Customer Low 7.0s High 9.60 oa 9.60 MS Services Centre at Comcentre, 8.90 *Vx Exeter Road. 20 00 7. SO MN VA V AE 6.80 1E w I Singapore ***** ill II k L P/
      75 words

  • Page 15 Advertisements
    • 37 15 ■r 1 Business Times WE KNOW ASIA Address: Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax News Centre Singapore 1334 gj W Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H)
      37 words

  • Page 16 Advertisements
    • 68 16 GIVING YOU THE WINNING EDGE Telecom shares: Buy. sell or hold? Diverging trends in the condo market Asia s fast-growing oil refineries Do small spaces sell? Looking for the hottest emerging markets It s tough at the Rotterdam Euro Trade Centre Visiting The Top End of Down Under Green Column:
      68 words
    • 353 16 B^^^STIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 THE COMPANIES ACT, CAP. M DOS HI BEARINGS PTE. LTD (la Voluatary Liqaidadoa) SPECIAL RESOLUTIONS PASSED ON 121k DECEMBER MM At u extraordinary general meeting of the company held on the 12th day of December, 1994 at the following special resolutions were pasted a.
      353 words
    • 314 16 THE COMPANIES ACT, CAP. M TROPICS A CO. PTE. LTD (la Vahsatory LJqulda tto I SPECIAL RESOLUTIONS PASSED ON 3th DECEMBER, 1994 Al m extraordinary general meeting of (be company held on the sth day of December, 1994 alike following special resolutions were passed a. Thai the company be wound
      314 words
    • 119 16 Hana Rank i In*orporuted *irh limited I nihil it* under the Li* i <»/ the Republic of Korea! US$BO,OOO,OOO Dragon Floating Rate Notes due 1999 In accordance with the provisions of the Floating Rate Notes, notice is hereby given that for the period from 16 12 94 to 16 6/95
      119 words
    • 361 16 IN THE MATTER Of THE COMPANIES ACT. CAP. 5* AND IN THE MATTER OF EAGI.E FOUNDRY A MECHANICAL WORKS PTE LTD I Incorporated in the Republic of Singapore I (la Members' Voluntary Winding-up) At an extraordinary general meeting of Eagle Foundry A Mechanical Works Pie Ltd duly convened and held
      361 words

  • Executive Lifestyle
    • 1734 17  -  Wiener, the slightly stunted dachshund, always wanted to be top doe in the world of canine detectives. One Christmas Eve night, his dream finally came true. Jaime Ee tells his story Jaime Ee 4| WAS the night before J I Christmas and all through I
      JENNIFER CHUA  -  1,734 words
    • STRAWS IN THE WIND
      • 15 17 SPOTTED outside a coffeeshop in Balestier Road selling chicken rice: "Chicken Licking Good".
        15 words
      • 86 17 FOR parents who are running out of excuses to give to teachers when the kids miss school, take a few pointers from some actual excuse notes sent by parents in the US: "Please excuse Lisa for being absent. She was sick and I had her shot." "Please excuse
        86 words
      • 78 17 A COMPANY in the UK trying to launch a new "wonder car" that can hit fabulous speeds is having to deal with a few bugs. For instance, one car caught fire while blazing its trail. The essence of good PR was demonstrated by a company spokesman, who played
        78 words
    • OPINIONS
      • 970 18  -  LETTER FROM WASHINGTON The Embassy of Singapore in Washington is the perfect place for meeting the capital's power-brokers LEON HADAR The writer is BT's Washington correspondent IT IS a warm Indian summer evening in Washington, just a few days after the November political earthquake the huge victory
        970 words
      • 1720 18  -  Edward N Luttwak believes economic growth causes social disruption Edward N Luttwak The writer is the author of "The Endangered American Dream HAVING tried George Bush, who showed himself blithely unaware of the very existence of the problem, and having tried Bill Clinton, who spoke
        1,720 words
    • VIEWPOINT
      • 2791 19  -  Pei Chia, Citicorp vice-chairman and the man in charge of consumer banking at America's largest bank, talks to Catherine Ong about the strategy that revolutionised consumer banking around the world. And about why he and his colleagues speak 'Citibank English' aw THE RAFFLES f CONVERSATION
        2,791 words
      • 499 19 UT 'D TAKE a hustler from a street I in Shanghai any day. I tell you, X he's got more creativity, he understands consumer psychology better than some of the very best trained people coming out of an American business school." Pei
        499 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 520 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, Fraser Securities, G K Goh, Kay Hian James Capel, Kim Eng, Morgan Grenfell, Nomura Research Institute, Ong Co, Peregrine, Phillip Securities, SBS HG Asia, S
          520 words
        • 391 20  -  David Govey Managing director Colliers Jardine "It A NCs are estab\/l lishing and IVX growing their regional bases in Singapore, and accelerating demand for floor space is keeping vacancies in check inspite of the accelerating supply. Tight supply and high office rents are leading to decentralisation and
          391 words
      • 741 20  -  THEWEEK By Paul Leo Um fig- i ures," says a fund man- ager. .M. "it's ideas that count. Sell an idea and if enough people buy it, the market will move your way." That's what investment house strategists are paid to do come
        741 words
      • 496 20  -  Eye on the region Andrew Pearson believes bargain-hunters who can see beyond the short term are likely to be rewarded Andrew Pearson The writer is research director of PT Peregrine Sewu Securities MARKET direction in the near term will take its cue from the
        Source: Bridge Info  -  496 words
      • 532 20  -  Shiv Taneja on a fund that will invest in the region's biggest growth Shiv Taneja FOR $5,000 or more, Citibank is offering investors the opportunity to participate in Asia's biggest growth story infrastructure. But because the Citi Asia Infrastructure Fund is an openended unit trust
        532 words
      • 373 20 FROM JAN 1, unit trusts designed for Central Provident Fund members eligible under the Enhanced Investment Scheme will be allowed to invest in foreign stocks and bonds on the Stock Exchange of Singapore. At present there are six approved trusts under the Basic Investment
        373 words
      • 854 20 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yra M at Pec 12. 1994 Singapore Strait* llan -9.49 41.60 -7J6 0.29 43.1* 44 68 Credit Lyonnais Singapore Gr 28.07.69 -11.15 8 -18.95 10 -9.77 8 -10.54 10 84.16 3 142.24 I OCBC Savers Capital Fund 27.04
        854 words
      • 1084 21  -  A group of red-hot utilities were star performers in last year's bull run. S N Vasuki looks at their prospects for the new year S N Vasuki IN THE mature markets of Europe and North America, utility stocks have traditionally been regarded with a mixture
        Source: Bridge Info  -  1,084 words
      • 587 21  -  Rising rates will squeeze profits of M'sian banks. Elaine Kon reports Elaine Koh IT HAS been a good year for Malaysian financial services firms, which put up a sterling performance on wider spreads and gains from bond trading. But it will be a different story in
        587 words
    • 2227 22  -  Love it or loathe it, the season for exchanging gifts is once again upon us. Jaime Ee compiles a list of shopping suggestions to suit every age group, while Shahiron Sahari finds out what men give to the women in their lives
      2,227 words
    • 2539 22  -  Susan Tsang asks top executives what they're planning to get their loved ones and friends this Christmas. And what kind of presents they would like to receive in return Susan Tsang PHILIP LEUNG President and Director
      Photos by Chris Loh  -  2,539 words
    • 732 23 THIS article should not be read by women, but only by men, especially those with few ideas of what presents to buy for Christmas. The festive season can be a pretty wretched time if you're not one for buying gifts, but the burner is
      732 words
    • SPORTS
      • 576 24  -  Malaysia Cup Final By Shahiron Sahari t; ANOTHER year and another Malaysia Cup final. Another v* opportunity, if you're not a football fan, to do some Christmas shopping with the crowd, albeit a smaller one. vX But for the rest of us with 1'-
        576 words
      • 45 24 AFP ENGLAND captain Mike Atherton is caught behind by Zimbabwe wicket-keeper Andrew Flower off the bowling of Guy Whittail for 14 runs, during the one-day international at the Sydney Cricket Ground on Thursday. England lost the match for 13 runs. AFP
        AFP  -  45 words
      • 808 24 The tropical heat that's all Els needs Johnnie Walker World Championship Golf NYT MONTEGO BAY, Jamaica When the sun came up high on the island on Thursday, burning with the promise of some serious tropical heat, Ernie Els smiled that crooked smile of his. No golfer likes heat more than
        NYT  -  808 words
      • SPORT SHORTS
        • 110 24 AFP PITTSBURGH, Pennsylvania Arch-rivals Pittsburgh and Cleveland. both assured of a place in the NFL playoffs, meet here tomorrow to decide who gets the easier path to the Super Bowl. At stake arc a first-round bye and home-field advantage throughout the playoffs. Pittsburgh (11-3) would clinch both with
          AFP  -  110 words
        • Article, Illustration
          337 24 AFP AP HONGKONG Ma Junren, coach to China's star women runners, was yesterday reported to be suffering from cancer of the throat. The English-language Hongkong daily Eastern Express quoted Ma as saying he could not go to hospital for tests because his father was "critically ill and very close
          AFP; AP  -  337 words
        • Article, Illustration
          37 24 NEW YORK NBA Thursday: Miami 99 Denver 101; Washington 8S Utah 9S; Dallas 122 Boston 113; Houston 94 LA Lakers 97; Seattle 114 Portland 103; Sacra- mento 84 NY 94; LA Clippers 89 Golden State 82.
          37 words
        • Article, Illustration
          97 24 Reuter BLOEMFONTEIN, Sooth Africa Sri Lanka beat South Africa by 35 runs on Thursday to keep alive their slim hopes of qualifying for the finals of the Mandela Trophy. Chasing Sri Lanka's 226 for eight. South Africa were bowled out for 191 in 48.S overs to lose their 100
          Reuter  -  97 words
        • Article, Illustration
          241 24 Reuter GOLD COAST, Australia (JS$l9O,OOO Alpiae Australian Ladies Masters 2ad id Friday (par--73): 132 Laura Da vies (Eng) 64-68 135 Jane Crafter (Aust) 69-66 137 Corinnc Dibnah (Aust) 67-70, Annika Sorenstam (Swe) 69-68, Karrie Webb (Aust) 67-70. MONTEGO BAY, Jamaica Johnnie Walker World Championship Ist id Thursday (par-71): 64
          Reuter  -  241 words
        • Article, Illustration
          129 24 AFP MELBOURNE A new magnetic line calling device will be tested during the Australian Open champions doubles and junior matches, tournament director Paul McNamee said yesterday. McNamee said the TEL system was tested at the Australian Open two years ago. It will reduce the number o£ line judges from
          AFP  -  129 words
    • PEOPLE
      • 143 24 IT WAS described by the two business partners, DBS Bank of Singapore and Sri Dhana Finance and Securities of Thai.jz, land, in glowing terms as a marriage. They were talking about the Singapore banking group's decision to buy a 10 per cent stake in Sri
        143 words
      • 111 24 UNITED Motor Works (Siam), the Thai associate of Singapore heavy equipment distributor United Motor Works Pte Ltd, is enjoying a new lease of life. It has moved into newer and bigger premises on the outskirts of Bangkok, and there are plans to tap the property market
        111 words
    • TIME OFF
      • 737 25  -  Shahiron Sahari finds out who the oldies and soul fans are Shahiron Sahari WE CAN be sure of two things now: there are lots of oldies fans out there and lots of soul fans as well, most of them female. In what is probably the final week
        737 words
      • 472 25 CONTRARY to reports that Studebaker*s is up for sale, its chairman announced this week that Singapore will be the regional headquarters for the nightclub's parent company. James Weschler, chairman of Studebaker's International, said the decision was made last month to move the company's regional
        472 words
      • Article, Illustration
        392 25 Watting A look at the lives of three waiters, who spend their days not just waiting on tables by waiting for the Big Thing to happen. Today. 7.30pm at the Tampines Theatrette. Tampines Regional Library. Tickets at $3 available from the library or call 733-2716. Cinderella The Stage Club
        392 words
      • 144 25 Christmas Concert The SSO performs various songs written for the Yuletide season, like Leroy Anderson's Christmas Festival and Rimsky-Korsakov's Christmas Eve Suite. Plus familiar carols. Today. 8.15 pm at the Victoria Concert Hall. Tickets at $4. $7. $10. $15 and $25 available from Sistic outlets. Anniversary Concert Choo Hoey
        144 words
      • 277 25 Omnimax Movies Search for the Great Sharks Man's negative perception of sharks has made the creature a thing to be feared and avoided much like rabid dogs. This movie hopes to help us understand and see how these great creatures of the sea have to survive in a world
        277 words
      • 741 25 Homes and Renovations '95 This is an exhibition of home renovation ideas, furnishings and home appliances for those interested in redecorating their homes. Until Dei• 18. 12 pm to 10 pm at the World Trade Centre Hall 7. Admission is free. SITEX '94 This exhibition features advanced software and
        741 words
      • 89 25 Major Kilns of the Song Dynasty Senior lecturer and sociologist Chiew Seen Kong discusses the art of Chinese ceramics, particularly in the Song period. Dec 17. 3 pm at the Empress Place Museum. Admission is free, but limited seats are available. Those interested can call 336- 7633 or fax
        89 words
      • 67 25 1 el, n ffyctn tarvS tot moxntrs This 24-hour helpline service sponsored by Wyeth (S) Pte Ltd is specially tailored to suit the needs of mothers-to-be and new mothers by answering queries or problems about bringing up baby. Also in Mandarin. Call 1800-393-3822 for the helpline. Free Entry Asian
        67 words
      • 55 25 Art on Aids Organised by artiste Tang Da Wu, this exhibition features drawings pertaining to the Aids message. Until Dec 20. at the Gallery. lean tppdai A seminar and drama organised by the Singapore Indian Development Association as part of its Family Life Education Programme. Dec 21.
        55 words
      • 143 25  -  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 at
        143 words
    • EPICURE
      • 591 26  -  Give your host something extra special this Christmas. Corinne Kerk has some suggestions Corinne Kerk THERE are eight days to go before Christmas, and your any-department-store strategy of buying presents is beginning to look a bit shaky. But before you throw in the towel and give your
        591 words
      • 690 26  -  Wine By N K YONG WINE It may seem like bringing the proverbial coals to Newcastle, but a well-chosen bottle (bottles or even magnums) is always appreciated even by the biggest collectors. The key is to get something they do not already have, and
        690 words
    • Article, Illustration
      1015 28 Amantes. Spanish tale. A discharged soldier lodges with a steamy widow. The inevitable happens. His fiancee discovers the affair. R(A). Yangtze: 11.30; 1.30; 3.30; 5.30; 7.30; 9.30. Andre. A girl and her father adopt a baby seal and learn to adapt. Based on a true story. Lido: 11.15; 1.45;
      1,015 words
  • Page 17 Advertisements
    • 93 17 Tjf 'j ♦ii < i7im' 1 Hff.l REVERSO. AVANT-GARDE SINCE 1931. IN JAEGERLeCou lt re anNOUNCED A WRIST- V TO BE AT HOME ON SPORTS THE DRAWINC ROOM. f' V THE REVERSED PROTECTS AND .4 FLAWLESSLY MACHINED />'." K FITS SNUGLY per- Ib||^v^^^h FECTLY COMPLE- I t'''-»1 MENTS ART- ■■kHdL^^^lj|
      93 words

  • Page 18 Advertisements
    • 133 18 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:'.74I-1298 RADIO CORPORATION OF SINGAPORE Invites applications for the position of. BROADCAST JOURNALIST (FINANCIAL NEWS) The Job: Report and edit international, regional and domestic financial news for radio Analyse morket trends The candidate must: have at least three years' experience in this field or
      133 words
  • Page 18 Miscellaneous
    • 77 18 DOONESBURY GARRY TRUDEAU UKtWT. WELL.UKB. I bowb I Ei mk£*mhat -nem/moH- trreA*s ff A*e»e SHraemeN -\NHAI? \\9nu,HMeio f„ INTO OPSN CONVICTIONS! FCAIUTALK- RACE ASP "T u > {TALKINCOte. I .l *ki/ l ONCE SPRfcINCD FWKL£ UJH£K/ HOW RBOUT TVfe [AST SLIPPE-D ON P* BPvNPMgP. 3K«N F\T THe IwSSSw 7 \*rthur
      77 words



  • Page 21 Advertisements
    • 308 21 BUSINESS TIMES LIFESTYLE QO! EXCLUSIVE vj Johnnie Walker Classic Hh| Jjw <uR3I rJI wT ■^■H JmHr "V iv bJ alryjfl \,l j V Vl|Hi&#'V Vfß 0 TY\n nnT7FO If you can tell us the exact IB •3 J. vjl 1 l\ I /jTa i position of the golf ball in
      308 words





  • Page 26 Advertisements
    • 295 26 INFSIine An SPH AmUoTex Service In Engßsfa Number Horoscopes (DaDy) 8450 The Sagittarius Career A Finance; Win Prizes! Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 Transformation; Win Prizes! Children's Funland 8453 Mary's Bo? Child Face Facts 8454 Dreamland 8455 Fandi Ahmad A Dreams Go 0n...;
      295 words
    • 47 26 Jf JF a I wanna ttfeak free! If it's time you take a break, explore the Travel Section in the Classified. Whether if s a leisurely cruise, a free 'n' easy adventure, or a convenient packaged tour, visit Classifications 501 to 530 for a wide choice. CATS.
      47 words
    • 290 26 Refrigerated Wine Cellar JHHHM VHH Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Price: Ss232sX»* (mckakie afdebmy set up m S'pare 12 months warrant] Available ex-stock from the Sole Agent: bcMable BONTABLE AGENCIES (S) PTE LTD #03-0S Sin Cheong Building 47 Jalan
      290 words

  • Page 27 Advertisements
    • 741 27 (&^NoiUiingßeaisAßud,lti^[ IfwNO Or »KKRB^^ FRESPfI .PASTA pDAI LY. F From Pasta Fresco. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Posta Ff«Ka Oa Sotvofof P»e Ltd 30 800 l Quay SIOIO4I lOpen 24 hours)
      741 words
    • 429 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. H lfoo (adult) E$ 8.00 (child) Jk Karaoke
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    • 317 27 Vietnamese food PROMO T 1 O N From 10 to 19 December, Chatterbox will present authentic Vietnamese specialities in the Vietnamese Food Promotion. Prepared and cooked by chefs from Hotel Sofitel Metropole, Hanoi and flown in by Singapore Airlines, come savour these special dishes. Available for lunch and dinner. Mandarin
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  • Page 28 Miscellaneous
    • 2500 28 TODAY'S TV Tn BingkisanSemasa. HTfcJKI \JSvs 8.02 Siripin Aloha, 3.15pm, Ch 12 Thunder Allay, 1.30pm, Ch 5 lr 4 V 8.30 Majalah Wanita. This black and white P Ramlee New comedy scries about what ®-®2 Toptk Semasa. classic is set in Hawaii. Mario happens when a divorced Bh Jk 10
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