The Business Times, 4 February 1995
1995-02-04
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The Business Times
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Title Section14 1995-02-04 1 Business Times MITA(P) 194/12/94 Weekend hdition, February 4-5 1995 WE KNOW ASIA 85 c14 words
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Article, Illustration555 1995-02-04 1 Shiv Taneja - By Shiv Taneja SINGAPORE The Monetary Authority of Singapore yesterday issued stringent guidelines to check the sharp increases in unsecured personal loans and car loans over the past year. Banks and finance companies will be allowed to grant unsecured loans555 words
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553 1995-02-04 1 Quak Hiang Whai, Lim Soon Neo - Pressure on other banks in region to stay in step By Quak Hiang Whai, Lim Soon Neo FOLLOWING a half-point rise in interest rates by the US Federal Reserve Board, banks in Hongkong and Thailand yesterday lifted their prime and saving rates553 words
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Article216 1995-02-04 1 SINGAPORE Interest rate fears faded yesterday as the region's stock markets closed firmer in response to a strong overnight showing on Wall Street. In Singapore, the Straits Times Industrials Index raced to a 29-point gain within the first two hours of trading in what was described216 words
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531 1995-02-04 1 AP, Reuter WASHINGTON The US unemployment rate jumped last month to its highest level in three months, as the economy created fewer jobs over a month's span than at any time in the preceding year. The Labour Department said yesterday that unemployment stood atAP,; Reuter - 531 words
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Article66 1995-02-04 1 Reuter NEW YORK Wall Street stocks soared yesterday on signs that the nation's economic growth is slowing, easing worries that the Federal Reserve may hike interest rates yet again. The Dow Jones Index was up 51.14 points to 3,921.91 at 1 pm EST. AdvancersReuter - 66 words
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363 1995-02-04 1 Leon Hadar - From Leon Hadar in WASHINGTON THE United States is set to launch trade sanctions proceedings against China today as part of its campaign to force Beijing to end alleged violations of intellectual property rights rules. US Trade Representative Mickey Kantor is scheduled363 words
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2am LATEST
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67 1995-02-04 1 Bloomberg Business News HOUSTON Enron Oil Gas Co's Enron Oil Gas Internationa! Inc unit said it signed letters of intent for a joint venture with the natural gas companies of Uzbekistan and Russia to develop gas reserves in Uzbekistan. The Houston-based natural gas andBloomberg Business News - 67 words
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Article58 1995-02-04 1 Bloomberg Business News COLORADO Ramtron International Corp said it will supply Hongkong's Ocean Office Automation Ltd with high-speed memory chips in a two-year agreement valued at more than US$lOO million (SSI4S million). The semiconductor maker said the contract will require it to increase its current enharBloomberg Business News - 58 words
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Article57 1995-02-04 1 AFP KATHMANDU The World Bank has refused the Nepalese government's proposal to construct a US$4O million mountain road between Hile and the proposed Arun Three hydro-electric power project, an official said. Nepal's Minister of State for Industry and Water Resources, Hari Prasad Pandey, said the 117-kilometreAFP - 57 words
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Article162 1995-02-04 1 Stock market indices Friday Change STII 2,1I0.?4 +9.31 KLSEComp 927.26 +43.97 Nikkei 18,538.97 -65.33 Hang Seng 7,478.92 +136.27 SET Index 1,278.07 +36.54 Jakarta Comp 445.38 +4.88 CLSA China B closed Aust All Ord 1,847.7 -8.8 FTSE 100 3,059.7 25.0 Friday Previous 1 pm EST close Dow Jones 3,921.91162 words
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Page 1 Advertisements
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Advertisement12 1995-02-04 1 |,`"?^('`?),!^}):,*-$&.?&!->/$: Wywy group gears up for push into regional telecoms market, Pg 212 words
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Advertisement18 1995-02-04 1 Singapore's sailing scene: el i New breed of boaters Analysts see cloudy outlook for HK property, Pg 218 words
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Advertisement93 1995-02-04 1 Hock Lock Siew: pg 5 Gaming firms no longer atgwd pet WZiHIWSi jjSH i Hilfi 5 M --y'A wrap ,v Rolex Day-Date. Chronometer in 18 ct gold. Bezel and dial set with brilliants. SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel *****20/1 Lucky Plaza Tel *****62/543 Scotts Tel *****27/7198 Centrepomt93 words
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Advertisement6 1995-02-04 1 k Currencies: els C?Upbeat on C$6 words
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Advertisement17 1995-02-04 1 Hj Conversation: el 3 X Apec's f honorary i v. _>£Jr ambassador I I I 8 H|17 words
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Advertisement36 1995-02-04 1 Contents S>ye News 2 5.6 Regional News 2.3 Fractal 8.9 World 3.4 Features Marktts Opinions EL2 Ctab/KLSE. SES 1214 PI IL4.S R«g«nal 10 Reviews EL6.7 World 10 Sports ELB Currencies J TV Rad«> ELI2 Smex/Commo .936 words
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SINGAPORE NEWS
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Article, Illustration622 1995-02-04 2 Genevieve Cua - By Genevieve Cua MARKETING and distribution group Wywy is laying the foundations for an aggressive push into telecommunications in the Asia-Pacific region. Wywy chairman Wong Yip Yan says the regional push will focus on the Wywy chain of retail shops622 words
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257 1995-02-04 2 BOTH the Malaysian and Singapore governments view the issue of illegal tanker cleaning very seriously and will take the necessary enforcement measures to stop it in their respective waters. "The problem of illegal tanker cleaning is of serious concern to Singapore257 words
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380 1995-02-04 2 Claire Leow - By Claire Leow SPURRED by strong demand for its memory chips, Japan's largest semiconductor company, NEC Corp, is to raise output at its plant here. An NEC spokesman told BT yesterday that since December, it has raised monthly production of380 words
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Article, Illustration263 1995-02-04 2 Arthur Lee - By Arthur Lee GREAT Eastern Life feels that as a local company, it can play play a bigger role to help the less fortunate in the community. managing director Alan Pathmarajah says. And to drive home this point. Great Eastern yesterday donated $600,000 to 15Photo by Arthur Lee - 263 words
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THE REGION
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479 1995-02-04 2 Leslie Lopez - From Leslie Lopez in JAKARTA THE DECISION by Indonesia's ruling party to sack a prominent Member of Parliament has turned into a veiled threat to other legislature executives that President Suharto's government is not taking kindly to recent criticism, analysts say. In479 words
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284 1995-02-04 2 AFP HONGKONG People in Hongkong see a pall of gloom hanging over the economy, despite a significant rise in political confidence, according to a survey published yesterday. The quarterly opinion survey carried out by the Englishlanguage South China Morning Host showed a 10.5 perAFP - 284 words
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418 1995-02-04 2 Rise in HK's prime and savings rates SCMP HONGKONG Investors and property analysts are anxious about the impact on the traditional post-Lunar New Year recovery in home buying following the fifth rise in mortgage rates in less than a year. With their bonusesSCMP - 418 words
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Article, Illustration63 1995-02-04 2 Reuter HANOI Vietnam's C ommunist Party has turned 65, and still going strong. A Vietnamese mother plays with her child in front of a hammer and sickle sign in Hanoi marking the anniversary of the founding of the party on Keb 3, 1930. The party hasReuter - 63 words
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319 1995-02-04 2 Joseph Rajendran - By Joseph Rajendran SINGAPORE US venture capital fund Hambrecht Quist and several prominent Singapore investors are to invest US$2O million (Ss29 million) in a property complex near Shanghai. Hambrecht Quist, through its Singapore-based Haven regional fund, has taken a319 words
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293 1995-02-04 2 Bloomberg Business News HONGKONG A Chinese state-owned trading company is about to find out what it feels like to be liquidated, Hongkong-style. The process began on Dec 14 when a Hongkong court issued a winding-up order for China Tianjin International EconomicBloomberg Business News - 293 words
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REGION / WORLD
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512 1995-02-04 3 Bloomberg Business News LONDON The International Monetary Fund will consider a new war chest to deal with any new worldwide financial crisis similar to Mexico's, IMF officials said. The officials, who asked not to be identified, said the fund, alreadyBloomberg Business News - 512 words
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NOTE BOOK
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138 1995-02-04 3 AFP TOKYO The reconstruction of earthquake-stricken Kobe and its vicinity will require investments totalling 9.48 trillion yen (S$ 137 billion), Mitsubishi Research Institute said yesterday. The reconstruction works for five years from April will have the effect of inducing output of 18.89 trillionAFP - 138 words
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119 1995-02-04 3 Bloomberg Business News TOKYO Japan's leading coalition has agreed to issue bonds to finance the rebuilding of the Kobe region following the Jan 17 earthquake, the Nihon Keizai newspaper has reported. The government's second supplement budget for fiscal 1994 will include several hundredBloomberg Business News - 119 words
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Article104 1995-02-04 3 AFP HANOI German chemical giant Bayer has returned to Vietnam after a 20-year break with the opening of a representative office in Ho Chi Minh City, company officials said yesterday. The firm, which has not had a presence here since the end of the VietnamAFP - 104 words
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69 1995-02-04 3 Reuter WASHINGTON The World Bank, bowing to criticism by an independent inspection panel last December, on Thursday authorised the panel to investigate its plans to help fund a controversial US$l billion (S$ 1.45 billion) dam in eastern Nepal. The bank said its board ofReuter - 69 words
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96 1995-02-04 3 Bloomberg Business News BEIJING China's capital is now home to more than 10,000 foreign-funded businesses and city officials want to attract another 5,000 by 1997, the official Economic Information Daily has reported. The paper said the companies had invested about U5514.78 billion (5521.4 billion) inBloomberg Business News - 96 words
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203 1995-02-04 3 Reuter NEW DELHI India has approved 41 foreign investment proposals worth five billion rupees (*****.74 million), including those of Sweden's Astra AB and Elektrolux AB, a government statement said. Sweden's pharmaceutical giant Astra AB has been allowed to set up a wholly-owned IndianReuter - 203 words
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Article, Illustration60 1995-02-04 3 Reuter CAPE CANAVERAL, Florida The space shuttle Discover) lifting off from the Kennedy Space Centre yesterday. A crew of six is on the mission to take the shuttle to the Russian Mir space station. The crew is made up of, among others, a RussianReuter - 60 words
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492 1995-02-04 3 Anthony Rowley - Joint venture partners will be sought to develop civilian aircraft, says industry official From Anthony Rowley in TOKYO JAPAN'S aerospace industry will turn increasingly to commercial development from de-fence-related projects and will seek joint venture partners for developing new types of civil aircraft, said492 words
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391 1995-02-04 3 AFP, Reuter WASHINGTON President Bill Clinton threw down the gauntlet before the Republicanled Congress yesterday by calling for a substantial increase in the minimum wage. "The only way to grow the middle class and shrink the under class is to makeAFP,; Reuter - 391 words
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Article, Illustration326 1995-02-04 3 Reuter TAIPEI Taiwan's President Lee Teng-hui said yesterday that China's latest top-level suggestion to hold talks on ending hostility and eventually reunifying the two rivals was important and worth careful consideration. China's President Jiang Zemin offered the olive branch to Taiwan inReuter - 326 words
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Article, Illustration394 1995-02-04 3 AFP CANBERRA Timber workers who sealed ofT the Australian parliament House with 200 giant logging trucks lifted their blockade yesterday after Prime Minister Paul Keating bowed slightly to their demands on woodchipping. But the loggers threatened to return to Canberra if the government'sAFP - 394 words
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Page 3 Advertisements
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Advertisement9 1995-02-04 3 Kuro IMF members abstain from Mexican vote, Pg 49 words
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Page 3 Miscellaneous
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Miscellaneous381 1995-02-04 3 fc.: V WEATHER Windy and cloudy with occasional showers, moderate to heavy at times. Temperature (23-30*). */U* C«*. Unn m/w (M. Buenos tees 28/15 Sunn. AucManO 24/14 Cloudy Amsteraam 09/04 Slowers Chicago -1/5 Bartgu* 33/22 Cloudy Athens 14,08 Showers Honolulu 27/19 Cloud. 00,-12 Cloudy Be*n 03/03 Shower Houston 25/14 Bombay381 words
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THE WORLD
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438 1995-02-04 4 AFP, Reuter BONN Germany and several other European countries abstained from a vote for the International Monetary Fund to provide US$l7.B billion (5525.8 billion) in assistance under a US-led rescue of the Mexican financial system, a German finance ministry spokesman said here yesterday.AFP,; Reuter - 438 words
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WORLD WATCH
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Article, Illustration72 1995-02-04 4 COLOGNE, Germany Municipal cleaning workers brushing away the muddy remains of the recent floods on a street in Cologne's old city on Thursday. After the waters of the Rhine river started falling, cleaning works were pushed forward before the mud became dry and hard asAFP - 72 words
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Article94 1995-02-04 4 Reuter WASHINGTON US Senate Majority Leader Bob Dole says that he has made the decision to run for president and has not ruled out the idea of saying he would serve for only one term. Mr Dole, 71, said in an interview with David FrostReuter - 94 words
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92 1995-02-04 4 Reuter BRUSSELS Police have recovered more than half of the diamonds stolen in a major robbery at one of the world's biggest diamond exchanges, Belgian television said on Thursday. The VTM network said police recovered 4.7 kilos of rough and polished diamonds, worth 150 million francsReuter - 92 words
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92 1995-02-04 4 AFP LONDON Chancellor Kenneth Clarke suggested a single European currency could be introduced before the end of the century, in an interview with Channel 4 news on Thursday. The Cabinet has reportedly ruled out a single currency by 1997, but Mr Clarke said thereAFP - 92 words
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Article1738 1995-02-04 4 atI ggt ETA Hjj ETD_ a& FlcM ETA Fight ETB_ Abu MnM GA890 0110 Hanoi VN741 1310 SQ176 1130 GA860 1945 SQ175 1905 VN740 1410 toMi RJ187 0130 Hatyai MI895 2300 TG408 0820 Amsterdam KL837 1540 GA890 0815 Ml696 '-222 SQ324 2330 limMma SQ977 1715 SQ9781,738 words
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413 1995-02-04 4 Israeli, Arab leaders unite to condemn terrorism in region Reuter JERUSALEM Prime Minister Yitzhak Rabin yesterday lauded his summit meeting with three Arab leaders as a "turning point" for peace as he seeks to win back public support eroded by suicide bombings. ButReuter - 413 words
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262 1995-02-04 4 Reuter LONDON Britain's tax inspectors warned on Thursday that the Treasury could fail to collect large sums of money if the government made big job cuts in their department. The Inland Revenue confirmed earlier that it wanted to cut 6,000Reuter - 262 words
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423 1995-02-04 4 Reuter WASHINGTON President Bill Clinton will present his fiscal 1996 budget proposal on Monday to a potentially hostile Republican Congress. A president's budget rarely emerges unscathed from months of Congressional debate, particularly when Capitol Hill is dominated by a different party. ButReuter - 423 words
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Article, Illustration54 1995-02-04 4 Reuter PUNXSUTAWNEY, Pennsylvania Groundhog Club handler Bill Deeley holding Phil aloft after the weather-predicting groundhog called for spring weather instead of the usual six more weeks of winter. The annuai celebration held here on Thursday was the 108 th anniversary of the tradition. About 8,000Reuter - 54 words
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240 1995-02-04 4 Knight-Ridder FRANKFURT Bundesbank directorate member Edgar Meister has repeated his call for more transparency in financial markets to improve risk management. "Markets that are transparent are judged quite differently than those whose structures and members are difficult for outsiders to comprehend," Mr MeisterKnight-Ridder - 240 words
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436 1995-02-04 4 Reuter MILAN Fiat SpA's stunning surge out of recession has taken many by surprise, but the best may be still to come for Italy's largest private company, analysts said. The Turin-based group said on Thursday it made aReuter - 436 words
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COMPANIES & MARKETS
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532 1995-02-04 5 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR GROUP net earnings at Public Bank Bhd, Malaysia's third largest banking group, rose 11.5 per cent to M 5253.1 million (S$ 144.1 million) for the year ended Dec 31, 1994. Earnings per share (EPS) increased532 words
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203 1995-02-04 5 KUALA LUMPUR ArabMalaysian Corp Bhd (Amcorp) said its subsidiary, Mezzanine Enterprise Sdn Bhd (MESB), has acquired 48.34 million new shares of 50 sen each in Kumpulan Emas Bhd (KEB) following KEB's rights issue. MESB paid M$ 125.68 million (SSIBI million) cash for the shares,203 words
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Article, Illustration261 1995-02-04 5 Bloomberg Business News HONGKONG Diversified Malaysian gaming group Magnum Corp Bhd has increased its stake in Hongkong electronic game and stockbroking group Watary International Holdings to 50.09 per cent from 36 per cent following a rights issue of newBloomberg Business News - 261 words
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Article170 1995-02-04 5 Bernama KUALA LUMPUR Mulpha International Bhd has forecast a profit before taxation and extraordinary items and after minority interest of M 585.3 million (5548.56 million) for the year ending Dec 31. 1995. The projection came after the implementation of its proposed special issue of 60Bernama - 170 words
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719 1995-02-04 5 Ruth Wong - HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR The odds are piling up against gaming firms. How severely they will be hit will become known when two of the major gaming companies Magnum Corporation Bhd and Tanjong pic release their results over the719 words
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505 1995-02-04 5 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR TWO nominee firms have fixed a date for KFC Holdings (M) Bhd shareholders to vote on the removal of three directors representing major shareholder Leong Hup Holdings Bhd. The notice on the505 words
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EYE on your STOCKS
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Article19 1995-02-04 5 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, Illustration125 1995-02-04 5 Paul Leo - By Paul Leo INDUSTRIAL Oxygen has recovered to $1.72 from its recent low of $1.34 on Jan 25. But daily Relative Strength Index and stochastics at 100 indicate a highly overbought situation. A short-term correction back to around $1.50 looks likely. Short-term resistances are at $1.83 and $1.90.125 words
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COMPANIES
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COMPANY BRIEFS
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Article88 1995-02-04 6 SINGAPORE Singapore Airlines has acquired a 21 per cent stake in Bermuda-incorporated Asia Leasing Ltd. The company, set up in July last year, owns and leases aircraft to Eva Airways of Taiwan. It has an authorised capital of U5536,000, of which U5524,000 is issued88 words
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24 1995-02-04 6 SINGAPORE Scsdaq-listcd Pertama Holdings said yesterday that Chan Cher Boon had resigned as executive director with cfTcct from Jan 31.24 words
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Article90 1995-02-04 6 SINGAPORE United Industrial Corporation (UIC) and Singapore Land have each taken a 50 per cent stake in a new company, Alprop Pte Ltd. Alprop, whose authorised share capital is $50 million, will develop an HDB commercial site in Bukit Batok. UIC and Singland, through subsidiaries,90 words
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34 1995-02-04 6 Bernama KUALA LUMPUR Quek Leng Chan has informed the Kuala Lumpur Stock Exchange that as of Jan 26, 1995, he owned 59,480,805 shares in Southern Steel Bhd. BemamaBernama - 34 words
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Article73 1995-02-04 6 Bernama KUALA LUMPUR Kumpulan Guthrie Bhd said the estimated equity requirements of its joint venture with UMW-BFI Waste Services Sdn Bhd, a member of UMW Holdings Bhd, would depend on whether the venture was successful in securing the concession for solid waste management and any specificBernama - 73 words
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Article44 1995-02-04 6 Bernama KUALA LUMPUR Perusahaan Otomobil Nasional Bhd (Proton) said Yoshifumi Kawashima had resigned as a director. He will be replaced by Reijiro Kuromizu, currently managing director and corporate general manager in the office of international business at Mitsubishi Motors Corp. BernamaBernama - 44 words
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Article, Illustration903 1995-02-04 6 All \hares quoted have a par value of SI unless otherwise specified; NYA Not Yet Available: T—lnterest; F—Final. I—lnterim. N Net; TE lax Exempt; (h) First and Final; (c) Includes I%TE div; (d) Includes 2% special div: (e) Includes lO%IE bonus div; (J) Includes 4% special div; (g) Includes 3.5%TE903 words
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331 1995-02-04 6 Lim Soon Neo - From Lim Soon Neo in HONGKONG BRITISH hong Jardine Matheson has sold its half stake in United Merchants Finance Ltd (UMF) to its partner for US$l4O million (*****.6 million). The sale to General Electric Capital Corporation (GE Capital), however, is subject to331 words
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Article, Illustration450 1995-02-04 6 Bloomberg Business News TAIPEI Taiwan will ease restrictions on foreign investment in stocks in one to two months as part of its plan to increase overseas access to its markets and turn itself into a regional financial centre. The government will eliminate aBloomberg Business News - 450 words
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589 1995-02-04 6 Bloomberg Business News HONGKONG Several public Hongkong companies stand to make a lot of money by becoming private. Peregrine Brokerage Ltd argued in a recent report. For a number of companies, "keeping a public listing now makes little sense, whereasBloomberg Business News - 589 words
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290 1995-02-04 6 Bernama KUALA LUMPUR Fourseason (M) Bhd's proposed acquisition of a 94.18 per cent interest in the issued and paidup capital of Medilatex Sdn Bhd (MSB) for a token sum of Msl represents a prudent investment decision, its adviser says. Perdana MerchantBernama - 290 words
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285 1995-02-04 6 Reuter MANILA A 19-member consortium led by Metro Pacific Corp has finalised the equity structure of the firm that will co-develop Fort Bonifacio on the edge of Manila's Makati financial district, documents showed. The consortium told the Securities and Exchange Commission that MetroReuter - 285 words
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307 1995-02-04 6 Bernama KUALA LUMPUR Austral Amalgamated Tin Bhd will utilise a total of Msll7 million (5566.6 million) from its proposed rights issue proceeds of Msl2B million to fund the development cost of its commercial land in Kota Kinabalu. TheBernama - 307 words
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227 1995-02-04 6 Bloomberg Business News NEW DELHI India saw a record 147 initial public offerings worth 16.42 billion rupees (*****.16 million) in January, said analyst Prithvi Haldea of Prime Database. The amount was 116 per cent more than in December. As many as 28Bloomberg Business News - 227 words
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580 1995-02-04 6 MARKET WATCH NST KUALA LUMPUR The Malaysian corporate scene has perhaps seen more acquisitions in 1994 than in the previous year. Initial fears that regulations introduced by the Securities Commission in April on reverse takeovers of main board firms would restrict corporate activityNST - 580 words
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387 1995-02-04 7 Reuter SAN FRANCISCO Barely a month after Intel Corp faced an uproar over a flaw in its Pentium computer chips, the company said on Thursday it was cutting prices of the chips by 7 to 40 per cent. The Pentium is currently the fastestReuter - 387 words
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368 1995-02-04 7 Bloomberg Business News SYDNEY News Corp is likely to report lower profits for the three months ended Dec 31, largely because of movie flops and losses related to its purchase last year of National Football League television rights in theBloomberg Business News - 368 words
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COMPANY BRIEFS
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Article68 1995-02-04 7 Bloomberg Business News NEW YORK ITT Corp said its fourth-quarter profit from continuing operations rose 19 per cent on improved results from its hotel, vehicle parts and insurance units. The New York-based conglomerate said profit excluding gains from investment sales and discontinued operations rose toBloomberg Business News - 68 words
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73 1995-02-04 7 Bloomberg Business News LOS ANGELES Times Mirror Inc's shares declined 13 per cent after the publisher of newspapers, books and magazines said its fourth-quarter profit declined 6.5 per cent and that it expects first-quarter earnings to decline. Profit from continuing operations fell to U5546.9Bloomberg Business News - 73 words
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70 1995-02-04 7 Knight-Ridder HONGKONG Mandarin Oriental International Ltd has bought 40 per cent of Kahala Hotel Associates, owner of Kahala Hotel in Hawaii, for US$4O million (SssB million), Mandarin said in a statement. Kahala Royal Corporation holds the remaining 60 per cent interest in Kahala Hotel Associates.Knight-Ridder - 70 words
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84 1995-02-04 7 AFP TOKYO Japan's Nissan Motor Co Ltd is likely to suffer a consolidated net loss of 160 billion yen (552.3 billion) for the year to March, partly because of the Mexican peso crisis, a news report said Friday. This estimated loss, almost twice theAFP - 84 words
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Article56 1995-02-04 7 Reuter UNIVERSAL CITY, California MCA Music Entertainment Group said it posted record revenues in 1994 of more than US$2 billion (552.9 billion), reflecting international expansion and record domestic sales in music and videocassettes. MCA Music is part of MCA Inc, the entertainment subsidiary of Japan'sReuter - 56 words
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190 1995-02-04 7 Reuter SPRINGDALE, Arkansas Tyson Foods Inc, the world's largest poultry producer, said on Thursday it has dropped advertising agency Saatchi and Saatchi pic after a seven-year relationship and billings as high as US$2lO million (*****.5 million). "While our company has grownReuter - 190 words
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Article, Illustration258 1995-02-04 7 Bloomberg Business News SYDNEY Australian television group Seven Network Ltd yesterday said net profit in the first half rose 18.5 per cent on a record revenue. It also said it is acquiring 80 per cent of Hongkong-based media group Waverly International Ltd. which isBloomberg Business News; Reuter - 258 words
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302 1995-02-04 7 Bloomberg Business News SOMERS, New York Pep-si-Cola said its fourth-quarter US beverage shipments jumped 8 per cent, capping its biggest yearly volume growth since 1988. Led by brands Pepsi, Diet Pepsi and Mountain Dew. the Somers, New York-based division of PepsiCoBloomberg Business News , - 302 words
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SHIPS IN PORT
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Article385 1995-02-04 7 Vessel Voy Wo Bertti Arrival Departure Vessel Voy No Berth Arrival Departure ro Pert Gulf Daeu<) 02% P04 04 02/0800 0402/2300 Madan Scant ST* 01 115/16 alongside 0402/1700 Wun 102/95 TO 04 02/0/00 04 02/1700 Brthant Reeter 12 alongside 0402 0600 lian Hon* 1/95 POl 0402 OMO385 words
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Article1598 1995-02-04 7 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From k* 05 0400 IB 03/1S00 03/1659 03 1900 3 04/0700 04/1159 04 1400 J M'1200 04 1459 04/1 WO AdGonctaro. 08SI951,598 words
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FINANCE & COMMODITIES
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Article, Illustration366 1995-02-04 8 Paul Leo - By Paul Leo SINGAPORE The Singapore International Monetary Exchange launched its Nikkei 300 futures and options contract yesterday, and the turnover swelled by what dealers described as "congratulatory trades". A total of 12,320 Nikkei 300 futures and 100 options contracts were traded compared366 words
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Article, Illustration505 1995-02-04 8 DBS Bank weekly currency review US$/DM: whipsaw for dollar The US$ whipsawed past support and resistance levels this week, failing to find much direction between the 1.5100 to 1.5300 range. It traded past support at 1.5040 to a low of 1.5015 on Monday but505 words
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276 1995-02-04 8 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Savu Properties Pte Ltd, a subsidiary of Savu Investments which developed the Hitachi Towers and Caltex House, is raising $270 million to refinance an earlier loan. The property firm has completed syndication in the capital market to put276 words
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334 1995-02-04 8 Bloomberg Business News LONDON Lloyds Bank pic cut by three percentage points the interest rate it charges small businesses during the first year of any loan, in a bid to increase its share of an increasingly competitive market. The bankBloomberg Business News - 334 words
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342 1995-02-04 8 AP NEW YORK Concerned about the risks of banks holding interest-sensitive derivatives, the Comptroller of the Currency plans to issue new guidelines about how banks should manage the exotic securities. In a speech on Thursday to the New York Bankers Association, Comptroller EugeneAP - 342 words
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311 1995-02-04 8 ENERGY REPORT Bloomberg LONDON Oil futures rose amid optimism that cold weather in the Northeast US, forecast for this weekend and beyond, will stimulate demand for home heating oil. Increased demand should boost heating fuel prices, which will improve refining margins and allowBloomberg - 311 words
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Article179 1995-02-04 8 Reuter LONDON The dollar continued to drift along ahead of yesterday's vital non-farm payrolls data but sterling was under pressure in Europe. Ever since this week's surprising Mexico aid package and an unsurprising half-point increase in US interest rates, the dollar has been sunk in lethargy. At 1136Reuter - 179 words
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Article93 1995-02-04 8 AFP NEW YORK The dollar traded in narrow margins here yesterday with the market showing little reaction to an unexpectedly higher unemployment rate for January and a lower-than-expected number of new jobs. Around 1430 GMT, the dollar was at 1.5177 marks down from 1.5180 late Thursday and atAFP - 93 words
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Article, Illustration1677 1995-02-04 8 I ratie xeifftiuxl index lakvlaied against Spare's uip 14 trading partner* Ha* war 198* US$/S$ forward rates Noon /feb 3 s$ Bid Offer 1-month ***** 1 4517 2-month I 4466 ***** J-month 1.4441 1.4457 6-month 14)66 1 4446 Snunr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi on1,677 words
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COMMODITIES & FUTURES
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1347 1995-02-04 9 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars were steady and Euroyen futures were firm at the close. Dealers said sentiment for Eurodollars was neutral ahead of the release of the January US non-farm payroll numbers late yesterday. The market expects an increase of between 220,000 and 250,000Reuter - 1,347 words
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Article687 1995-02-04 9 COMMODITY REPORTS KL Tin TIN price on the KLTM ended MS 1.23 lower from last Friday's close to MS 14.67 per kg yesterday following the sharp fall on the overnight LME. The huge selling pressure and lack of supportive leads on the LME led687 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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80 1995-02-04 9 LIMA The Peru-based Empresa Minera Iscaycruz, or Emisa. plans to tie up a US$3O million (5J43.5 million) loan by the end of this month to carry on with its massive zinc mining project. And if all goes to plan, the mine will be80 words
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Article64 1995-02-04 9 SYDNEY A plunge in fine wool prices and disruptions caused by the Lunar New Year holidays caused the Australian eastern market wool indicator to lose A 50.28 (about 31 Singapore cents) per kg this week. The indicator fell below the 800-cent level to close on64 words
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90 1995-02-04 9 SINGAPORE Indonesia's Logistics Management Bureau, or Bulog. imported 74,000 tonnes of rice in January, the Bisnis Indonesia newspaper said yesterday. The rice was purchased from Pakistan. Thailand, Myanmar and Vietnam by Bulog. which manages the supply of essential commodities including sugar and palm oil.90 words
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Article95 1995-02-04 9 BANGKOK Local spot premiums paid for copper cathode delivered to Thailand are being quoted at between US$l4O and US$2OO (Ss2o3 and SS29O) per tonne above the London Metal Exchange price, industry sources said. The level reflects increasingly tight supplies of the metal for immediate delivery and95 words
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Article1452 1995-02-04 9 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) WSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Mar 95 I I 265.00 I 850 Apr 268.00 267.00 266 50 350 3350 May 268.00 267.00 266.50 300 3750 Jun 268.00 267.00 266.50 3001,452 words
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REGIONAL STOCK MARKETS
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Article1051 1995-02-04 10 -8.8 SHARES closed weaker yesterday as cautious investors moved in late trade to cash in profits from a rally the day before. A broker said the market initially took heart from a Wall Street rally but selling after the local bourse's 23.4 point advance on Thursday dragged the market1,051 words
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Article680 1995-02-04 10 +53.20 Share prices surged 2.16 per cent yesterday in a buying spree spured by strong performances of other Asian bourses. The PSE Composite Index gained 53.20 points to close at 2,510.99. Turnover was 2.46 billion shares valued at 997.7 million pesos. Trading started slow but picked up later when680 words
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Article457 1995-02-04 10 -2.71 Share prices fell back amid a prevailing wariness about the past two-day sharp rise. The Composite Price Index took a 2.71-point drubbing to close at 940.64. Turnover was 24.8 million shares worth 506.7 billion won, with risers outweighing falls by 568 to 188. As the impact from government457 words
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Article359 1995-02-04 10 +9.59 Shares closed near their highs for 1995 after the NZSE-40 Capital Index posted a 9.59point gain. Brokers said the index was poised to attack the psychological 2,000 barrier next week although thev did not expect it to run too tar. The index closed at 1,977.67. The 23-point359 words
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Article150 1995-02-04 10 +42.83 Share prices closed higher on sustained but select buying by local mutual funds led by Unit Trust of India. The BSE 30-share Index closed 42.83 points higher at 3,642.12 while the broader 100share National Index climbed 18.85 to 1,756.37. Brokers said share prices of some big companies using150 words
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Article465 1995-02-04 10 Taipei J»« 2<» 1$ Vol Ml Siikerr IikI 2 70 unch 1046 \su < ernent S40U 0 M) 2*67 Catha>Constr 41 SO uruh 2180 C Jlhjv Life Ins ***** -100 273* < lung H»j Bank ***** +2 00 3233 Chrngloong 41 20 t OS) 7*27 C hia Hsin C ement465 words
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WORLD STOCK MARKETS
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Article823 1995-02-04 10 +25.0 SHARES of UK blue chips soared to close at their peaks after a jittery start, charging ahead as Wall Street stocks surged on favourable a US jobs report which many viewed as a sign US economic growth is under control. The FTSE-100 Index of leading shares rose 25823 words
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Article145 1995-02-04 10 +26.33 French shares ended a modestly active day higher on the back of the US Januaiy jobs report which came in less strong than expected and dispelled fears of yet another US rate rise in the near future. Wall Street, also reacting to the report, started sharply higher which145 words
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Article204 1995-02-04 10 +39.47 German stocks rallied amid a rising bond market and as expectations of higher corporate earnings boosted chemical stocks. The DAX Index of closed up 39.47 points at 2,077.94. "The bond market is strong after today's US job data." said a trader. "Everything has turned positive." A report from204 words
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Article146 1995-02-04 10 +0.96 Belgian shares were mixed at the close, with the Bel-20 leading share index just managing to hold on to positive territory after spending the day drifting in a sixpoint range. The Bel-20 closed 0.96 point higher at 1.363.63, with a relatively modest volume of 1.3 billion francs. "It's146 words
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Article155 1995-02-04 10 +0.94pc Italian shares ended firmer on strong late buying when bond markets and Wall Street rallied sharply following US employment data suggesting the economy not growing as fast as thought or at least that the rate rises were beginning to bite. The Mibtel Index ended 0.94 per cent higher155 words
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Article252 1995-02-04 10 +3.14 Dutch shares put on a late spurt with buying sparked by a 33-point rise in the Dow Jones index in early Wall Street trade. The AEX Index closed 3.14 points higher at 412.54, just oft' the session high of 412.61. Eyecatchers among the strong performers were chemical stocks,252 words
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Article144 1995-02-04 10 +0.78pc Swedish shares closed for the weekend with a solid rise. US employment data gave the bourse a boost. The OMX Index rose 0.78 percent to 1.175.82 in decent turnover of 2.460 billion crowns. "The trend has been positive all over Europe a continuation of yesterday's rise on Wall144 words
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Article246 1995-02-04 10 -1-25.7 Swiss shares closed at the day's high after US January payroll figures, which were lower than expected, triggered a spate of buying. The broad SPI Index closed up 15.05 points to 1.694.24, while the blue-chip SMI Index added 25.7 to 2,589.4. ÜBS bearers, up 21 francs to 1.024.246 words
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Article301 1995-02-04 10 +50.7 South African equities advanced their morning gains in firm afternoon trade, with dealers seeing the bullish trend continuing into the coming week. Gold and commodities led gains in what dealers described as a confirmation of an upward trend which began early in the week. The Overall Index added301 words
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Article265 1995-02-04 10 +36.60 Canadian stocks rose for a fourth session, led by banks and financial-services firms, amid optimism interest rates will stabilise. The gains were sparked by a US report on employment that "points to a slowdown of economic activity in the US, which means that the interest rates probably are265 words
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Article653 1995-02-04 10 Vienna Ntol Ascto i* 70 50 Hjnk Vusliu PS 28 C A BV VZ JM J PVN If® I* Mu«lu*rn f J l«»n» lf\lum Mkaba HW vz 7 *0 OfMV VZ J# u,Kh VA Teihnnlogic IOH VMM VeiNind All* A >•* iciKitxrif Source: Bank Austria Aktiengesellchaft Nasdaq Feb 2 1S$653 words
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Article683 1995-02-04 10 +40.04 The Dow Jones Industrial Average, which climbed 23.21 points on Thursday, was ahead 40.04 to 3,910.81 at 11am EST. The NYSE Composite Index was ahead 2.23 to 259.41, while Standard Poor's 500-stock Index was up 4.22 to 477.01. Advances clobbered declines 1,481-437 among the 2,576 issues crossing683 words
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Article, Illustration3049 1995-02-04 11 Bloomberg Business News HONGKONG Stocks rose, led by utilities, amid optimism corporate earnings will grow briskly even as interest rates rise. The Hang Seng Index rose 136.27 points to 7.478.92. The All Ordinaries Index rose 50.86 to 3.697.94. The biggest contributors to the advance were telecommunications group HK Telecom,Bloomberg Business News; Source: Bridge Info - 3,049 words
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Article, Illustration580 1995-02-04 11 CLSA H SHARES edged up 0.2 per cent in the first day's trading after the Lunar New Year holiday. The market saw mixed performances as investor sentiment remained subdued, with turnover of only HK534.3 million. Bohai Chemical finished up 5 per cent on turnover of HKS2.I2 million. Yizheng. whichCLSA - 580 words
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Article, Illustration2591 1995-02-04 11 Bloomberg Business News TOKYO Stocks fell, led by construction shares, amid concern that they may have risen higher than potential new orders from earthquake reconstruction would warrant. "These stocks had a huge run," said a dealer. He said that as investors look at how much more the construction companies'Bloomberg Business News - 2,591 words
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Article, Illustration1858 1995-02-04 11 Reuter BANGKOK Stocks closed considerably higher yesterday on institutional buying, particularly in the finance sector, brokers said. The SET Index closed up 36.54 points at 1.278.07 on 7.88 billion baht turnover. Rises led falls by 277 to 60. with 67 issues unchanged. "It was unexpected. The index rose tooReuter; Source: Bridge Info - 1,858 words
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Article, Illustration1149 1995-02-04 11 Reuter JAKARTA Share prices rose after uncertainty over interest rates was removed and foreign fund managers based in Singapore and Hongkong became more active, brokers said. But they said early morning gains were eroded by profit taking, mostly by local plavers, in the second session. Property stocks were theReuter; Source: Bridge Info - 1,149 words
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Article2523 1995-02-04 12 Gf Cr 19*4/95 Last Vol D«> UslQaott W* W* Nrt MCy High Low ompun) Sale (t)00) High Low Buyer Seller CV P/t imil MALAYSIAN STOCKS 39* 160 m MSB 50c 248 -5 17 254 248 242 249 JO -2.9 0 3 25 4 206 77.5 m AMDB 50l2,523 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6639 1995-02-04 12 Bloomberg Business News KUALA LUMPUR Stocks rose as investors got their first chance to buy after the Federal Reserve raised interest rates as expected, clearing up much of the concern about rising rates that had dogged the market for weeks, traders said.Bloomberg Business News; Source: Bridge Info - 6,639 words
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STOCK EXCHANGE OF SINGAPORE
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Article8659 1995-02-04 13 I MAIN BOARD Or (.r M Wl 1994. 9< I nl Vel Day |M(H< l>t» Dt. >U Net <a» Aif lluth I u* < unpad* Sak >/• I 0001 High I It* Km* rr Seller Cw ft Srnil Price INDUSTRIAL AND COMMERCIAL 720* 38* ml /Van MX: 450 96 4608,659 words
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Article, Illustration1906 1995-02-04 14 R Sivanithy - By R Sivanithy SINGAPORE The Straits Times Industrials Index climbed yesterday in response to a solid overnight rise on Wall Street, but prices ended otY their highs as investors squared positions ahead of the weekend. Trading volume also improved, butCharts by Bridge Info; Source: Bloomberg - 1,906 words
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Advertisement431 1995-02-04 5 NEWS VALUE MAS reins in unsecured personal and car loans (pg I) Stock market in no mood for such news. Sharp and widespread falls can be expected when market reopens on Monday. US all set to announce sanctions against China (pg 1) Chances are that a trade war would be431 words
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Advertisement117 1995-02-04 6 irrriTl #1 OFFSHORE I WYI COMPANY SPEOAUSTSI With a worldwide team of 125 multi-disciplined I professionals and a network of international I offices, OCRA provides confidential and cost I effective company formation in all the major low I tax areas including: H BRITISH VIRGIN ISLANDS BAHAMAS IRELAND I WESTERN SAMOA117 words
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Advertisement62 1995-02-04 9 Financial News A Quick Look At The 11 Markets I Call 24 hours a day for I I SES KJLSE midday I reports, closing I I market reports and Cost: 30 cents a minute MFQline An SPH AudioTex Service O °o O LEAD BY EXAMPLE For some of the best62 words
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Advertisement52 1995-02-04 9 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Fashion Beauty "Have A Colourful Lifestyle! Call 24 hours a day for hoi topics close to your heartanything from head to toe. Cost: 30 cents a minute MFSline A* SPH52 words
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Advertisement28 1995-02-04 10 p|3U STRAIGHT TALK //.r You shoulcln t have to read between the lines to get the UIUI f U H picture. Companies Markets. Everyday. Business Times WWW MM28 words
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Advertisement24 1995-02-04 11 PORT SHOTS The latest in sea, air Vi r and land transportation' v, Shipping Times Monday to Friday 1 ,\V > T>smo«o«i» r*l Business Times24 words
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Advertisement29 1995-02-04 12 STRAIGHT TALK (h J-—-3 You shouldn't have to read "f? between the lines I v)]]| to get the full picture. I! ajf Companies Markets. Everyday. f 7 BusinessTiines WEDMAOA29 words
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Advertisement7 1995-02-04 13 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Advertisement296 1995-02-04 14 I MFfflline An SPH AudioTex Service In English Number Your Daily Stars 8450 The Aquarius Career Finance; Win Prizes! Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 Bloody' Swa y'; Win Prizes.' Children's Funland 8453 Hi, A Small World.' Face Facts: Moles 8454 Dreamland 8455 Fandi296 words
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Advertisement141 1995-02-04 14 NOTICE NOTICE IS HEREBY GIVEN that, I Fock Wing On of 18 Hong Lee Place Singapore 1954, have applied for a Beer House 2nd Class Licence in respect of premises at M/s Hong Seng Air-Con Food Centre at Blk 5, Kallang Sector #01-01 Singapore 1334, and that this application will141 words
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Advertisement633 1995-02-04 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 SLOANE STREET (S PORE) PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 27 January 1995. the following resolutions were duly passed 1. SPECIAL RESOLUTION WINDING-UP That the Company be wound633 words
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Advertisement315 1995-02-04 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 90 HEY LAND (SINGAPORE) PTE LTD MEMBERS' VOLUNTARY UQUIDATION Thai an Extraordinary Genera Meeting of the Company deemed to be held on 27 January 1995, the following resolutions were dtfy passed 1. SPECIAL RESOLUTION WINOINO-UP That the Company be wound up voluntarily315 words
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Advertisement171 1995-02-04 14 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE COMPANIES WINDING-UP NO 308 of 1994 In the Matter ol the Companies Act (Chapter 50) And In the Matter of OUO WAN LI BUILDERS PTE LTD (R/C NO. *****3424H) NOTICE OF WINDING UP ORDER In the Matter of OUO WAN LI171 words
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Executive Lifestyle
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Article, Illustration1691 1995-02-04 15 Shahiron Sahari - Singapore's sailing scene is vastly different from the expat-dominated enclave it was a few years ago. Shahiron Sahari reports Shahiron Sahari THE US has its America's Cup. In Asia, the Raja Muda and King's Cup reign supreme when it comes to major sailing regattas which1,691 words
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STRAWS IN THE WIND
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Article39 1995-02-04 15 PLANNING a romantic Valentine's Day dinner and want to look your best? One hotel thinks it's come up with the most practical package. Book a dinner with them and you get free facials at its fitness centre.39 words
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Article138 1995-02-04 15 NOW THAT the O J Simpson trial is making big headlines in the United States, here are some excerpts of testimonies from real courtrooms as compiled in the book Humour in the Court: •Q. Did you tell your lawyer that your husband had offered you indignities? A. He138 words
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OPINIONS
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Article, Illustration749 1995-02-04 16 ANTHONY ROWLEY - LETTER FRCM HAKODATE Cross-country skiing requires different muscles and different skills from downhill skiing ANTHONY ROWLEY The writer is BT's Tokyo Correspondent THE Japanese soldier indicated a rough wooden box on the snow-cov-ered ground beside him. "Have a seat," he invited, "and a beer."749 words
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707 1995-02-04 16 Lim Soon Neo - Lim Soon Neo finds them in not just economic, but extra-marital, ventures on the mainland Lim Soon Neo The writer is BT's Hongkong C Correspondent Everyone knows that Hongkong men work hard at making money. Now, it has emerged, these wimpish-looking men have also707 words
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Article304 1995-02-04 16 Denis Distant - LETTER TO THE EDITOR Denis Distant AN INVESTOR who finds himself in a "short" position in a Clob counter traded on the Stock Exchange of Singapore (SES) has the option of covering his position by buying back on the "cash" market. But the investor in a304 words
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Article, Illustration1007 1995-02-04 16 Fred Hiatt - Fred Hiatt says the truth about the war in Cheehnya is derailing the Russian propaganda machine Fred Hiatt Washington Post ON THE DAY after Christmas. Russian President Boris Yeltsin confidently assured his nation that his military campaign to subdue the breakaway region of Chechnya was "coming toWashington Post - 1,007 words
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Article1065 1995-02-04 16 Neville Stack - To be or not to be in Europe Neville Stack finds John Major in a pitiable state as he swings on a pendulum torn between party unity on one hand, and European unity on the other Neville Stack The writer is a political commentator based in London. He writes regularly1,065 words
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VIEWPOINT
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Article, Illustration1955 1995-02-04 17 Leon Hadar - THE RAFFLES r CONVERSATION William Bodde, first executive director of the Apec Secretariat and now senior adviser to the Pacific Basin Economic Council, tells Leon Hadar in Washington why he is working hard to help shift American policymakers' attention firmly to the Pacific Leon Hadar I F1,955 words
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571 1995-02-04 17 THE APEC Summit in Bogor last November showed that the group is maturing, says William Bodde. The Indonesians built on the momentum of Seattle and propelled Apec into the future. And what is Apec's future? In a monograph on Apec to be571 words
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572 1995-02-04 17 WILLIAM BODDE thinks America's politicians and bureaucrats have a lot to learn from the Asian practice of consensusbuilding. "I am familiar with the criticism," he notes. "It's a very slow process, and it is sometimes very frustrating. But at the end, when leaders or572 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration449 1995-02-04 18 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, BZW, Daiwa Research, DBS Investment Research, G K Goh, Morgan Grenfell, Nomura Securities, Peregrine Securities, Phillip Securities, S G Warburg and Smith New Court. Buy! BZW (Feb449 words
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Article, Illustration471 1995-02-04 18 Andrew Harrington - Andrew Harrington Salomon Brothers Director, senior research analyst Salomon Brothers Hongkong 44 r I 1 HE Asia-Pacific I telecommunicaJL tion industry is undergoing major and continuing reform. In 1990, the regional telecom scene was mainly dominated by state-owned or controlled monopolies. By 1993, many regional governments had471 words
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Article, Illustration707 1995-02-04 18 Joyce Quek - THEWEEK By Joyce Quek INTEREST rate rises, warrants, property prices, the Budget, and general elections here and in Malaysia these are the factors coursing through the minds of seasoned observers of the Singapore and Malaysian bourses. When there is greater uncertainty than ever over what707 words
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Article, Illustration589 1995-02-04 18 Stanley Kroll; Chuang Peck Ming - Dragons And Bulls: Profitable Investment Strategies for Trading Stocks and Commodities By Stanley Kroll By Chuang Peck Ming Addison Wesley. $24.90. 139 pages DON'T expect any hot tips from Stanley Kroll, a millionaire Wall Street veteran now based in Hongkong. But he'll589 words
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Article145 1995-02-04 18 THE essence of a good investment strategy according to Stanlev Kroll: Invest only in markets which are trending strongly, or are developing along that line. Spot the major ongoing trend of each market and take positions only in that direction, or stand aside. Initiate your position either on145 words
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Article, Illustration1049 1995-02-04 18 Al O Labita - Eye on the region A 1 O Labita on the reasons for the strength of the Manila bourse Al O Labita The writer is a Manila-based journalist WHEN the Mexican crisis erupted last month, many feared a stock market crash in the Philippines. Their fears appeared1,049 words
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Article, Illustration820 1995-02-04 19 Analysts tell Paul Leo that the currency was a victim of the Mexican peso wave selling The shocking 40 per cent devaluation of the Mexican peso in midDeccmber let loose a bear in the international currency market. The victims of the bear run were mainlySource: Bloomberg - 820 words
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Article246 1995-02-04 19 The technical outlook for the Canadian dollar is favourable, against both the US dollar and the Singapore dollar. First, let's look at the US dollar against the Canadian dollar. The daily and weekly Relative Strength Indices (RSI) are neutral, but the monthly RSI is turning down from246 words
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Article, Illustration1089 1995-02-04 19 Tan Su Yen - Tan Su Yen on a question-and-answer guide book published by ERA Realty Network Tan Su Yen WILL property prices tumble? Should property buyers wait and see or take the plunge? The slowdown in the property market has left home1,089 words
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282 1995-02-04 19 SELLING or buying a home can have its hidden pitfalls. But being well-informed helps. Here is a sample of some of the most commonly asked questions about buying and selling a property, as published in the ERA Realty Network guide Answers. Selling your282 words
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Article, Illustration256 1995-02-04 19 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE BT Golf Index dropped for the second successive month in January, reflecting the patchy performances of other investment indices. The index, which tracks the advertised prices of eight Singapore golf clubs, fell from December's 248.69 to 244.06,256 words
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LEISURE
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Article, Illustration1285 1995-02-04 20 Susan Tsang - Susan Tsang savours the free and easy, protean quality of her stay at the Banyan Tree resort Susan Tsang UW W* ~T HERE are m B wc going? m/m/ The BanWf Wi van Tree? j Sounds like the Coconut Tree," said my mother sceptically when I unveiled1,285 words
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Article, Illustration678 1995-02-04 20 SUSAN TSANG - Cinema Review By SUSAN TSANG LET'S get it straight, now. Sexual harassment, like rape, is not about sex. but about power. Therefore, even men can be harassed. With that wonderful Disclosure., we plunge into the adventures of a computer man in corporate-land. It's a big week678 words
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Article, Illustration898 1995-02-04 21 Linda Collins - Linda Collins found herself moving with the times during a recent Channel Tunnel trip between London and Paris Linda Collins The writer is a Business Times executive sub-editor THE British Rail ticket salesman leant back in his chair behind his glass booth and rolled his eyes heavenward. 'So898 words
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Article, Illustration941 1995-02-04 21 SCHUTZ LEE - Two recent publications with an economic focus Book Reviews By SCHUTZ LEE CHINA'S awakening as an economic powerhouse has caused everyone around the world to look at it in a new light. The consciousness it has aroused isn't limited to those who have a business interest941 words
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SPORTS
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Article, Illustration359 1995-02-04 22 Golf AP PEBBLL BEACH, California Davis Love 111 shot a 7-under-par 65 over a soggy course on Thursday and held a one-stroke lead after one round of the US$l.4 million (Ss2 million) AT&T National ProAm. Love, paired with race car driverAP - 359 words
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288 1995-02-04 22 AP TOKYO It's the golf ball preferred by Greg Norman, Fred Couples and Jack Nicktaus. An advertisement for the Maxfli H-T Balata says: "Now the rest of the world can play with the best in the world." The rest of theAP - 288 words
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Article, Illustration529 1995-02-04 22 Five Nations Championships AFP LONDON England meets France at Twickenham today in what is accepted as the crucial match in this season's Five Nations Championship. It has been billed as "Le Crunch" and though both sides have been trying to avoid the warAFP; Reuter - 529 words
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Article, Illustration501 1995-02-04 22 New York Times MELBOURNE Fred Perry, the finest male tennis player in Britain's history and the last British man to win the Wimbledon singles title, died here on Thursday. He was 85. He had been hospitalised on Sunday after breaking four ribs in aNew York Times; Reuter - 501 words
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SPORT SHORTS
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Article, Illustration109 1995-02-04 22 Reuter FHII.ADtI.PHIA The Philadelphia Eagles named Kay Rhodes, defensive coordinator for the Super Bowl champion San Francisco 49ers. as their head coach on Thursday. The 44-year-old Rhodes replaces Rich Kotite. who was fired on Dec 26 and has since been named coach of the New York Jets. RhodesReuter - 109 words
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Article, Illustration21 1995-02-04 22 NEW YORK NBA Thursday: Detroit 85 Cleveland 83; Orlando 103 Seattle 106; Houston 121 Utah 101; Sacramento 88 Chicago 68.21 words
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Article, Illustration68 1995-02-04 22 PERTH Australia were 283 for four at close of plav on the first day of the fifth and final test against England yesterday. Scores: Australia 283-4 (Michael Slater 124. Mark Waugh 88). CHRISICHLRCH, New Zealand New Zealand were 24 for no wicket at the close of the first day68 words
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Article, Illustration345 1995-02-04 22 AP SAN FRANCISCO Nick Faldo was quoted on Thursday as saying that one of his reasons for playing regularly on the US tour this year is to escape the British tabloid press. "You don't even have to be in the press tent, you pick up the paper the nextAP - 345 words
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Article, Illustration48 1995-02-04 22 NEW YORK NHL Thursday: Boston 6 Ottawa 4; Florida 1 Montreal 1 (OT): New Jersey 5 Quebec 4; NY Rangers 3 Tampa Bay 3 (OT): Philadelphia 4 NY Islanders 5 (OT); Washington 0 Buffalo 1; Dallas 1 San Jose 2; Winnipeg 4 St Louis 5 (OT).48 words
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Article, Illustration96 1995-02-04 22 LONDON Da>is Cup Asia/Oceania /one Ist rd Friday Croup one. in Calcutta: India lead Hong Kong 2-0 (Leander Paes b Thorsten Poelzl 6-3 6-3 6-0; Mahesh Bhupathy b Sven Koehler 6-0 6-4 6-3). Grp two, Bangkok: Thailand draw Malaysia l-l (Narathorn Srichaphan b Kamachandran Ramaiah 6-1 6-2 6-2; Voraphol96 words
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Article, Illustration260 1995-02-04 22 AFP SAN DIEGO Team Sew Zealand lost its first race of the America's Cup challenger trials late on Thursday night after an international jury ruled it violated rules on positioning and gave its victory to one Australia. Since the start of the trials. Team Sew Zealand has been sendingAFP - 260 words
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PEOPLE
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Article, Illustration388 1995-02-04 22 THE latest winner of the Business Times Lifestyle Exclusive contest series had that rare, uncanny feeling that he would win. Oh Hock Chong. a business manager with Service Quality Centre, does not usually enter contests but decided to take the plunge when he saw that December's monthlyPhoto by Chris Loh - 388 words
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TIME OFF
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Article, Illustration1850 1995-02-04 23 Tabitha Soren - Michael Stipe opens up his heart to Tabitha Soren Tabitha Soren NYT AFTER 14 years of making music. REM is one of the most influential bands on the planet. Their newest album. Monster, was the most taxing for the band members to make. But manyNYT - 1,850 words
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Article334 1995-02-04 23 The Emperor's New Clothes To help raise funds for Childrencare. Act 3 presents this special charity performance about the foolish king who learns the hard way that riches aren't everything. Today. 2 pm and 4 pm at the Jubilee Hall. Tickets at $15. Call 530-8825 or 530-8789 for bookings.334 words
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Article347 1995-02-04 23 Fiesta Rondalla The NUS Rondalla performs various classical pieces like Handel's Hater Music and traditional folk songs such as Da hi I Sa lyo. Today. 7.30 pm at the Pi li Auditorium. Tickets at 55 available from Tangs, and the Centre Jor the Arts. NUS. Call 772-2493 for more347 words
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Article175 1995-02-04 23 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 world175 words
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Article, Illustration581 1995-02-04 23 From Marco Polo to Wiglington and Wenks How the World Was Mapped An exhibition that traces the footsteps of the great explorers. Fringe activities incjude a treasure hunt, a drama competition. a play and a creative drama workshop. Until Feb 5. at the Children's Discovery Gallery. National Museum: 2581 words
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Article139 1995-02-04 23 An Appreciation of Chinese Opera Joanna Wong, artistic director of the Chinese Theatre Circle, gives a hitchhiker's guide to the themes, costumes and movements of this fascinating aspect of Chinese culture. Feb 10. 10.30 am at the National Museum Theatrette. Brittle Bones, the Silent Epidemic Leong Keng Hong talks139 words
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Article299 1995-02-04 23 Acrobatics at Clarke Quay The Jinan Acrobatic Troupe from China perform their death-defying stunts, with enough contorting and juggling to wow any audience. L'ntil Feb 5. at Clarke Quay. Lunar New Year at Asian Village The Thai Ei Wushu Dragon and Lion Dance Group will be performing at the299 words
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Article167 1995-02-04 23 Living Space A series of talks specially designed for the budding architect on using architecture as a living art and social process. Every Thursday from Feb 9 to Mar 9. 7pm at the Substation's Classroom I. Fees: $206 Jor Jive instalments, but one-session arrangements can be made167 words
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Article144 1995-02-04 23 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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EPICURE
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Article, Illustration677 1995-02-04 24 JAIME EE - Bon Appetit By JAIME EE QUESTION: How do you distinguish a slapdash Indian restaurant from a more refined establishment? Answer: watch the way they slop the food on your banana leaf. At any no-frills fish head curry joint, you know you're not a valued customer when they come677 words
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522 1995-02-04 24 JAIME EE - By JAIME EE BISHAN may not have a reputation as a gastronomic paradise, but at least it had a giant steamboat. If you can recall, there was this restaurant right next to Junction 8 that made itself a landmark by putting a giantsized steamboat522 words
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Article, Illustration795 1995-02-04 24 N K YONG - Wine By N K YONG THE vineyards of Alsace are among the prettiest in all France. The bes.t are located on the low slopes of the Vosges mountains, running in a ribbon beginning just south of Strasbourg and ending around Mulhouse, near the Swiss795 words
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Article, Illustration1134 1995-02-04 26 Blue Tiger. Virginia Madsen hunts down the yakuza killer of her son by using her body as bait. He's got a blue tiger tattoo, so she gets a red tiger emblazoned on herself. She may or may not get the guy, but the chase promises to be exciting. R(A).1,134 words
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Page 15 Advertisements
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Advertisement145 1995-02-04 15 1 PLAY SMART Be part of the good life. Lifestyle. Everyday. Buanessßmre Av»bb4c exclusively: SINGAPORE: Barberry* Bovtiquer 435 Orchard Road, •02-42, Wwna Atrk, Singapore 0923. Tel: 793 7111. 391 Orchard Road. #01-10 Takaihimaya S.C. Singapore 0923. Td: 735 1283 »-H, DAI MARL' DfS Orcted ISETAN Orchard NAN HEN LEATHER GOODS145 words
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Advertisement39 1995-02-04 16 k BT welcomes S < letters from you. S k Please address them r to: The Kditor, S S Business Times, C r 390 Kim Seng Rd, j S'pore 0923. Letters C l should include your J contact numbers. S39 words
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Advertisement49 1995-02-04 16 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.49 words
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Page 16 Miscellaneous
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Miscellaneous42 1995-02-04 16 DOONESBURY GARRY TRUDEAU -BUT MMCMAfig, THBONLT HHHH <yOC/UHATSVt&VERS I might A* I HoajHWPrr I \'SSZp%.m GREAT. 1 SKSM. I GePTHAT WrTHIHB ATLZAST THIS OVER J mutHJApfex, I om* VW that, m MJNP PCRKy FOCUS *,^SPtdALI y A J j $Wfia>WVs? GROUP PIP42 words
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Page 20 Advertisements
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Advertisement72 1995-02-04 20 I I Date: Time: Venue: I 9th FEBRUARY 95 Bpm HARBOUR PAVILION I Pric ps $120 (limited seat* only) $100, $80, $60, $40 Enquiries: Hotline: Fax: 272 0037 348 5555 440 6784 Tickets at nil SISTIC outlets Sfak reductions I 'Concert"""' 0 Cold Storage-Jelita.WTC, Forum The Shopping Mali, Cinza Plaza,72 words
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Advertisement10 1995-02-04 20 For more information about the Banyan Tree resort, call 469-992710 words
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Page 21 Advertisements
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Advertisement6 1995-02-04 21 Both titles available at leading bookshops6 words
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Advertisement20 1995-02-04 21 CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. sinoapore rn Business Times WE KNOW ASIA20 words
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Page 22 Advertisements
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Advertisement7 1995-02-04 22 GIVING YOU THE WINNING EDGE FEBRUARY 19957 words
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Advertisement16 1995-02-04 22 mTpTTrv A A ¥10 Takeashortcutand Well) A CAKf FIND IT IN THE STRAUS TIMES CLASSIFIED S°S°ir|cSf16 words
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Page 23 Advertisements
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Advertisement41 1995-02-04 23 BUSINESS TIMES LIFESTYLE EXCLUSIVE f RESULTS J? Congratulations! Ifou nave won ,sran BD/7N Musical WLk Tour of Magnificent ■HT Vienna the heart ABJ of classical music. OH HOCK CHONG *****51 D WINNER WILL BE NOTIFIED BY POST. Organised by: Business Times41 words
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Page 24 Advertisements
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Advertisement476 1995-02-04 24 WHERE TO WINE, DINE AND ENTERTAIN Olde English Eating House I 277 Orchard Rd #02-38 Specialists' Centre S (0923) I m $2— CRD PASS' I I kj/ia **********0 \,y .1 I. J&. MM When you spend $25/- or more at Fosters for lunch |fl ■p or afternoon tea from Mon-Sat,476 words
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Page 25 Advertisements
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Advertisement1043 1995-02-04 25 I Nothing Beats A Bud- where to wine, dine and entertain OK 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. Hi s1,043 words
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Advertisement318 1995-02-04 25 I Toss To Prosperity Start the Year of the Golden Pig with Pine Court's Prosperity Yu Shcng. Partake in the ceremonial tossing of raw fish salad for a year of gltiij\. abundance, good health and prosperity. BP! n i bi-ijinc; ror reservations, please call 831 6262/6. rfstalrant mm urn 333318 words
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Page 26 Miscellaneous
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Miscellaneous2474 1995-02-04 26 TODAY'S TV ■rnnJIMFJJM 7.30 Berita 12. r 1.55 Sdl-A-Vision. I L*J I*l 8.00 Chingay 23 (See Our 4.00 Close. Thorny Love, 10.30pm, ChB Home Improvement, 12.45pm, 10.00 GoW: Heineken ClasTalk about unimaginative L!* tics. ICS Chinese drama fea- When sons Randy and Brad turing Li Nanxing as, you start fighting2,474 words
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