The Business Times, 27 February 1993
1993-02-27
1
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The Business Times
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Title Section15 1993-02-27 1 Business Times MITA (P) 552/12/92 Weekend Edition. February 27-28 1993 WE KXOW ASIA 75 c15 words
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Article, Illustration1077 1993-02-27 1 Anna Teo - By Anna Teo SINGAPORE It was a Budget that surprised, and pleased, by its sheer scope. There was something for just about everyone, from big companies to the man in the street. Finance Minister Richard Hu presented yesterday a bumper crop of fiscal1,077 words
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2am LATEST
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37 1993-02-27 1 Reuter MOGADISHU The US military is going ahead with delayed plans to withdraw 3,000 troops from Somalia despite riots and gun battles that rocked Mogadishu in the past four days. ReuterReuter - 37 words
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Article54 1993-02-27 1 Reuter NEW YORK An explosion has occurred underneath the World Trade Centre, injuring 50 to 100 people. A police spokeswoman said the explosion early this morning was in the underground train system below the trade centre complex and caused structural damage to one of theReuter - 54 words
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Article, Illustration112 1993-02-27 1 Stock market indices Friday Change STII 1,664.50 -16.46 KLSE Composite 638.19 -0.64 Nikkei 16,953.35 +45.96 Hang Seng 6,351 99 +***** SET Index 937.65 -16.88 Jakarta Composite ...300.38 +0.16 CLSA China B 1.605 63 +0.11 AustAUOrd 1,609 6 +2.7 FTSE100 2,868.0 39.3 Friday Previous llam dose Dow Jones 3,366.20112 words
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594 1993-02-27 1 Reuter LONDON Expectations that major industrial nations will strike a deal to boost the yen against the dollar faded yesterday as Japan and the United States played down the prospect of a new international currency pact. Currency traders had beenReuter - 594 words
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400 1993-02-27 1 Magdalene Ng - By Magdalene Ng SINGAPORE The Stock Exchange of Singapore has decided to further modify guidelines on share listing to provide more flexibility to issuers and investors. In an announcement yesterday, the SES said that companies which opted for the combined400 words
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459 1993-02-27 1 AP WASHINGTON The United States economy enjoyed its strongest spurt of growth in five years during the closing three months of last year, spurting ahead at a 4.8 per cent annual rate. The government said yesterday that the advance in the grossAP - 459 words
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Advertisement61 1993-02-27 1 .s^hh I A e Rig JBB—— CONTEWTS Mews Com pi me* Budget 2.3.4 S'pofM* sia 7.8 Regional News 6 Financial 9.10 World News Feature* n n.4.5 CW/KISE. SfS 13.14 Reviews H67 "eK 10 31 11 Sports 15.16 World 12 TV/litestyle ELI2 Currenoes 10 Regional Focus 1/ Sanej/Conwio 9.10 Subscription Tel61 words
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Advertisement46 1993-02-27 1 Lifestyle Cover Story Hack to the paper chase EL I INSIDE Perks for overseas investment Pg 2 Commentary: Still too cautious Pg 2 Editorial: A politically correct budget Pg 3 Hock Lock Siew: Companies will benefit Pg 3 Text of Dr Hu's tax changes Pg 446 words
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Advertisement125 1993-02-27 1 Personal Finance Investment Metroplex: Counter with blue-chip potential el 4 If /^JisCT^B If iun^l i{ aJKH^H SINGAPORE: THE HOI R GLASS Lucky Plaza Tel: *****2G/1 Scotts Tel *****27/7198 Centrepoint Tel: *****98/603 Peninsula Plaza Tel: *****09/*****6 Palais Renaissance Tel: 7HI 262/54 5 Rattles Tel: 334 3241 Changi Airport Terminal 1 (East&125 words
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SINGAPORE BUDGET 93/94
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870 1993-02-27 2 FINANCE Minister Richard Hu yesterday unveiled a package of corporate and personal tax incentives designed to coax more entrepreneurs into venturing overseas. While most of the incentives are extensions of existing schemes and require case-by-case approvals, businessmen expressed the hope that, this time, it870 words
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910 1993-02-27 2 PERSONAL and corporate income tax cuts, rebates and other give-backs to offset the full impact of the proposed goods and sales tax will result in a net loss of $183 million annually in the first five years of its910 words
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Article, Illustration678 1993-02-27 2 TOH THIAN SER; TOH THIAN SER - Commentary TOH THIAN SER TOH THIAN SER The writer, an associate professor at Nanyang Technological University's School of Business and Accountancy, is director-designate of NTU's Entrepreneurship Development Centre (Endec) THE signal is loud and clear. Businesses willing to venture outside Singapore678 words
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475 1993-02-27 2 THE government has set a cap for companies' tax deductibility on medical benefits provided to their employees. From Year of Assessment 1994, the government will cap the tax deductibility of expenses on medical benefits by employers to 2 per cent of total employees'475 words
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418 1993-02-27 2 THE government will indirectly give the stock market a $200 million boost through a CPF top-up scheme for share ownership. The scheme, announced yesterday in the Budget by Finance Minister Richard Hu, is central to the government's stated aim418 words
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359 1993-02-27 2 DEV ELOPERS, who have long been pressing the government for lower property tax rates, yesterday saw a half-step taken in that direction. Finance Minister Richard Hu said the government would give a one-off 25 per cent rebate on property tax on359 words
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199 1993-02-27 2 SINGAPORE'S financial services sector did not figure significantly in Dr Richard Hu's Budget proposals yesterday. But he extended the tenure of various tax holidays and exemptions, particularly in the offshore sector. Bankers contactcd by BT admitted that they had not expected major changcs199 words
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221 1993-02-27 2 WELL-OFF married women will acquire a new-found status with the taxman from next year. She can choose to have all her incomes taxed separately, instead of the current system of having her inherited money taxed together with her husband's income.221 words
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210 1993-02-27 2 THE Budget contained several incentives for dealers, auction houses and art donors. They included a Pioneer Services tax incentive for "well-established auction houses which conduct substantial auctioning activities in Singapore and private museum operators". This means that the income of an eligible company would210 words
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Article, Illustration2181 1993-02-27 3 Overaß The Budget is very well-balaneed. I applaud Richard Hu. In the 21 years I vc been in Singapore, this is perhaps the most encouraging Budget 1 ve seen. It has allayed a lot o fears. Vlost people said the C.ST couldn't2,181 words
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579 1993-02-27 3 EDITORIAL IT HAS BEEN a long, long time sincc any Financc Minister in Singapore delivered a Budget Statement containing so many tax changes that most of them had to be presented in appendices so lengthy they could not be read out in579 words
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1141 1993-02-27 3 Lee Han Shih - Companies will benefit in more ways than one HOCK LOCK BIEW By Lee Han Shih THE punters have gotten it right, yet again. Two days before Finance Minister Richard Hu delivered his good news Budget to a stock market starving for good news, word was going around that a cut1,141 words
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Article8254 1993-02-27 4 Mr Speaker, Sir. The thrust of the year's tax changes will be to promote our investments abroad. This is in line with our current economic strategy. There will also be tax incentives to promote otYshore activities in Singapore. In addition, in view of the healthy revenue8,254 words
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Article, Illustration522 1993-02-27 5 Anna Teo - By Anna Teo WITH the upturn in Singapore's growth prospects, the government expects an 11.5 per cent jump in corporate and personal income taxes to $6.8 billion in the new financial year. The direct tax increase will be the main boost522 words
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IN PARLIAMENT YESTERDAY
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339 1993-02-27 5 Schutz Lee - By Schutz Lee LAND OWNERS whose property is acquired by the government will generally be compensated at January 1992 market value with the passing of the Land Acquisition (Amendment) Bill by Parliament yesterday. Previously, compensation was pegged at339 words
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Article, Illustration451 1993-02-27 5 Conrad Raj - By Conrad Raj SPEEDIER Justice. That was the underlying reason for three Amendment Bills which were submitted to Parliament yesterday. The Amendments relate to the Constitution of Singapore, the Supreme Court of Judicature Act and the Subordinate Courts Act.451 words
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253 1993-02-27 5 THE COURTS will soon have access to ministerial statements made in parliament in interpreting any statute in order to ascertain the intention of parliament. Yesterday, Law Minister S Jayakumar moved the Interpretation (Amendment) Bill for second reading in parliament.253 words
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450 1993-02-27 5 A BILL to clarify the Common Law position that a bank can accept as security cash deposits placed with it was submitted for second reading in Parliament yesterday by the Minister for Law. This clarification has become necessary following450 words
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Article291 1993-02-27 5 FINANCE Minister Richard Hu said the government will look into providing local traders and investors with protection against political risks should there be enough demand for it. He was replying to a question from Nominated Member of Parliament Robert Chua on what the government was doing to insure291 words
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132 1993-02-27 5 SINGAPORE Technologies Holdings, which went into the red in 1991, is expected to have made money in 1992, Finance Minister Richard Hu said yesterday. Replying to a query from Low Thia Khiang. MP for Hougang. Dr Hu said Singapore Technologies Holdings was132 words
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Advertisement20 1993-02-27 5 DANCE OF THE DINOSAURS Mainframe makers are fighting back. Do they have a chance? BusinesslT. In Business Times on Monday20 words
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REGION/WORLD
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Article, Illustration581 1993-02-27 6 Reuter BANGKOK The Thai government is holding out a carrot to companies that set up operations or move existing plants outside Bangkok to create jobs in long-neglected and impoverished rural areas. "This is a government that was elected by the people,Reuter - 581 words
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415 1993-02-27 6 Schutz Lee - By Schutz Lee SINGAPORE Japanese foreign direct investments in the future are likely to be in research and development rather than manufacturing, says the Japan External Trade Organisation (Jetro). And small businesses in Japan are likely to become415 words
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WORLD WATCH
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111 1993-02-27 6 FT BRUSSELS Industry ministers in the European Community yesterday agreed on a broad strategy to support Europe's ailing steelmakers, but divisions emerged over which countries should bear the brunt of deep cuts in capacity. Ministers and the European Commission said it was now up toFT - 111 words
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104 1993-02-27 6 Reuter BEIJING China will send another buying mission to the US this year to try to boost imports from one of its major trading partners, a senior economic planning official said. Beijing has sent buying missions to the US for two years inReuter - 104 words
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Article102 1993-02-27 6 Reuter BRUSSELS Syria said yesterday it would convene an Arab confcrence in Damascus shortly to try to relaunch the Middle East peace process and solve the question of Palestinian deportees. Syrian Foreign Minister Farouq al-Shara announced the move after a day in which Western leadersReuter - 102 words
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Article71 1993-02-27 6 Reuter PHNOM PENH The UN chief administrator in Cambodia, Gerard Porcell, critical of the peacekeeping body's lack of power, announced that he was resigning, a UN official said yesterday. Mr Porcell was critical of the UN's inability to take a tougher stand against the radicalReuter - 71 words
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Article87 1993-02-27 6 Reuter TAIPEI Taiwan, the largest foreign investor in Vietnam, expects to sign an investment guarantee pact with Hanoi next month. Economics Ministry officials said. "There should be no problem with the agreement, although details are still being worked out," one official said. The pact wouldReuter - 87 words
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83 1993-02-27 6 AFP TAIPEI Taiwan yesterday rejected accusations that it was lax in protecting endangered species, saying it would collect funds to support international wildlife groups and join in protecting endangered species. The statement followed calls in the US for a boycott on Taiwan-made goods. "We hopeAFP - 83 words
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Article74 1993-02-27 6 Reuter VIENNA The International Atomic Energy Agency on Thursday gave North Korea one month to comply fully with its demands to allow inspections of two sites believed to be secret nuclear installations. Representatives of 35 nations making up the UN nuclear watchdog's board ofReuter - 74 words
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278 1993-02-27 6 Reuter WASHINGTON US Trade Representative Mickey Kantor has asked for wide-ranging talks with the European Community (EC) over subsidies to European aircraft maker Airbus Industrie, his office said on Thursday. Mr Kantor said in a statement he wanted to review theReuter - 278 words
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Article, Illustration39 1993-02-27 6 MOSCOW A Russian mounted policeman (left) restraining a street money-changer in Moscow while the other policeman hits him with a truncheon. The Russian rouble dropped to 593 to a dollar on Moscow's stock exchange on 1 hursday.39 words
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193 1993-02-27 6 FT WASHINGTON Britain's Prime Minister John Major left Washington yesterday offering lavish praise for President Bill Clinton's domestic and foreign policy agenda and voicing confidence that the arrival of a Democrat in the White House would not weaken AngloAmerican relations. Mr Major saidFT - 193 words
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336 1993-02-27 6 Reuter BRUSSELS THE European Community and the European Free Trade Association (Efta) have agreed on changes to their common market pact to cut out Switzerland, whose voters have rejected membership. "This time we have good news. We have indeedReuter - 336 words
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413 1993-02-27 6 Alec Almazan - By Alec Almazan SINGAPORE The Philippine government is unlikely to meet its target of providing enough power for Manila's industries by September this year. "We can no longer commit to no brownouts by September," Raul Concepcion, head of the task force413 words
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Article, Illustration525 1993-02-27 6 Reuter WASHINGTON President Ginton drummed up support for his economic plan on Thursday, picking up strong endorsements from leaders of business and labour unions. The President, addressing two dozen business executives and labour officials, promoted his proposals to cut theReuter - 525 words
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529 1993-02-27 6 Reuter SEOUL South Korea's new president, who campaigned on a platform of revitalising a sagging economy, named reformists to the nation's main economic ministries yesterday to the approval of business circles. One day after taking office, President Kim Young Sam appointed Lee KyungReuter - 529 words
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COMPANIES & MARKETS
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Article, Illustration392 1993-02-27 7 Dexter Lee - Company said to have obtained listing approval By Dexter Lee SINGAPORE CWT Distribution Pte Ltd, Singapore's biggest private warehouse and trucking operator, is set to be the first debutante on the main board this year. Industry sources said392 words
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141 1993-02-27 7 SINGAPORE Hotel Properties Ltd said it has reached an "amicable" settlement with Hilton International Company over a termination notice which it served on the hotel management company almost five years ago. Under the settlement, the two parties will share the cost of refurbishing the 435-room141 words
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156 1993-02-27 7 SINGAPORE Confectionery company Sunshine Allied Investments Ltd will relocate some of its chocolate manufacturing lines to Malaysia soon and to Indonesia by the end of this year. The move would make better use of overall production facilities, it said yesterday.156 words
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415 1993-02-27 7 Dexter Lee - By Dexter Lee SINGAPORE Sembawang Maritime Ltd yesterday posted a stunning 83 per cent plunge in 1992 group net earnings, largely because of substantial losses incurred by its offshore contracting business. Group net earnings fell to $2.46 million from $14.55 million in 1991,415 words
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Article309 1993-02-27 7 Payment Ex Books Pay date close date Avimo 20* F I2.5TE Feb 17 Marl Apr 15 BAT 21* F 119 Mar 23 Mar 29 Apr 6 Bcrjaya Group I 4 Mar 18 Apr 2 Apr IS Benaya Ind 1 3 Mar 4 Mar 18 Apr 8 Berjaya Leisure309 words
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Article, Illustration311 1993-02-27 7 Source: Bridge Info Performance of STII's index stocks Feb 26 List SNH MI Slock sale Chf* (actor aorni (S> 71) Avimo I 930 -0.020 1.60 I 61 CAC 7 600 -0.100 6.32 > 40 Cercbos 4.900 -0.060 4.07 5 04 FAN 11.700 -0.100 9.72 1.40 GF Asia 3.320 -0010Source: Bridge Info - 311 words
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COMPANIES
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COMPANY BRIEFS
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Article82 1993-02-27 8 SINGAPORE Innovest Bhd said it has appointed Hisham bin Harun Mahmud Hashim as executive chairman and Aznan bin Abdul Aziz as deputy chairman. It also named Tan Jing Nam as group managing director, while Messrs Gan Neap Kai, William Leong Jee Keen, Lee Choon Wan and82 words
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Article44 1993-02-27 8 SINGAPORE Inter-Roller Engineering Ltd has appointed Lim Yong Wah executive chairman of the company. Mr Lim will be replaced as audit committee chairman by Rajan Menon. The company also appointed Chan Chin Wah to the audit committee, replacing Yap Lem.44 words
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Article26 1993-02-27 8 SINGAPORE Tibs Holdings Ltd said it has bought a dormant company, Seven Seas Marina Pte Ltd, for $2 through Tibs Investments.26 words
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Article57 1993-02-27 8 Bernama KUALA LUMPUR Samanda Holdings Bhd said group pre-tax profit in the year ended Sept 30 rose 7 per cent to M$ 11.14 million (556.95 million) from a year earlier as group turnover grew 20 per cent to MS 151.13 million. A final ordinary dividend ofBernama - 57 words
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Article56 1993-02-27 8 Bernama KUALA LUMPUR Malaysian Tobacco Company Bhd posted a 5.5 per cent rise in group operating pre-tax profit to M 559.42 million for 1992 from a year earlier. Group turnover expanded 7.5 per cent to M 5540.44 million. It recommended a final dividend of 12 senBernama - 56 words
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106 1993-02-27 8 Bernama KUALA LUMPUR Nestle (Malaysia) Bhd's group pre-tax profit grew 10.4 per cent to M$ 174.9 million last year from a year earlier as turnover expanded 11.3 per cent to Msl.2 billion. Nestle attributed its improved performance to growth in sales and efficiencies in production.Bernama - 106 words
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54 1993-02-27 8 Bernama KUALA LUMPUR Carlsberg Brewery Malaysia Bhd announced a 7.9 per cent increase in group pre-tax operating profit to M 561.68 million for 1992 as group turnover grew 16.4 per cent to M 5422.59 million from a year earlier. The directors declared a final dividendBernama - 54 words
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400 1993-02-27 8 MBT KUALA LUMPUR Proper-ty-based Tan Tan Development has moved a step closer to being listed on the Kuala Lumpur Stock Exchange's main board. The company is believed to have obtained the approval for its proposed flotation from the Foreign Investment Committee recently. Sources sayMBT - 400 words
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256 1993-02-27 8 MBT, Bernama KUALA LUMPUR MMC Engineering Group has proposed to sub-divide its issued and paid-up capital and reward its shareholders with a one-for-three bonus issue and a one-for-two rights issue. In a statement issued yesterday, MMC Engineering said the paid-up capitalMBT,; Bernama - 256 words
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312 1993-02-27 8 IHT LONDON Although smarting from the currency-trading losses of its Japanese subsidiary, Royal Dutch/Shell group has reported an 8 per cent increase in net income for last year. The British-Dutch concern, the biggest European company, warned on Thursday that it wouldIHT - 312 words
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Article, Illustration50 1993-02-27 8 Reuter LONDON British Gas chairman Robert Evans (centre) was joined by chief executive Cedric Brown (left) and finance director Phillip Rogerson during the announcement of the company's results on Thursday. British Gas announced profits falling to £1.054 billion (552.466 billion), and 3,000 job-cuts in 1993. RenterReuter - 50 words
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FINANCE & COMMODITIES
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382 1993-02-27 9 Reuter WASHINGTON In a wideranging crackdown on Japan's most powerful brokerages, the Securities and Exchange Commission (SEC) on Thursday charged four firms with keeping shoddy records and making false statements to regulators. Three of the firms, affiliates of Japan's Big Four, agreed toReuter - 382 words
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315 1993-02-27 9 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE DBS Bank and OCBC Bank have each committed 1.2 billion yen (5516.8 million) to the Malaysian government as part of a 24-billion yen term loan. The two Singapore banks are participating as co-lead managers of315 words
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263 1993-02-27 9 NYT NEW YORK The American International Group, the nation's largest commercial and international insurer, reported 7 per cent growth in 1992 earnings on Thursday, which was surprisingly strong, considering that it was a particularly bad year for industrywide property casualty losses.NYT - 263 words
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Article, Illustration537 1993-02-27 9 US$/DM: Bearish view over? THE US dollar started the week on a weak note, trading to a low of 1.6122 marks on Tuesday before rebounding to close at 1.6235, forming a reversal in the daily bar chart. Thereafter, it firmed and reached a high537 words
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237 1993-02-27 9 Reuter SYDNEY Australian Treasurer John Dawkins said a reduction in interest rates could be considered if it were warranted by international conditions. "I would have thought that there is already a sentiment in the market that there is room for a reduction inReuter - 237 words
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410 1993-02-27 9 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and New York were lower as large inventories of winter specification, unleaded petrol dragged crude oil down, brokers said. In addition, an advertisement about Kuwait in newspapers in the US, Europe, and Asia, which410 words
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Article, Illustration146 1993-02-27 9 The USS/SS opened at 1.6430/35 and was sold to a low of 1.6425 before local and foreign demand took the US$ to its day high at 1.6452. Subsequent demand for the dollar was met by foreign forward US$. The US$/Malaysian ringgit was taken to a146 words
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Article180 1993-02-27 9 Reuter LONDON The dollar crept higher yesterday in a run-up to a weekend meeting of finance ministers from the world's leading economies, as rumours of a German interest-rate cut chipped away at the mark. European stock markets rejoiced at the idea of lower borrowing costs in Germany. Oil pricesReuter - 180 words
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Article86 1993-02-27 9 AFP NEW YORK The dollar rose against major currencies here early yesterday after the government reported better-than-expected growth in the US gross domestic product (GDP) in the fourth quarter of 1992. "The dollar climbed to 1.6455 German marks on this number but profit-taking made it go down again,"AFP - 86 words
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Article, Illustration1467 1993-02-27 9 lraiJr»etKhlal index oakuitUnJ against S'pore i lap 14 trading partner. Base year 198! US$/S$ forward rates Noon Feb 26 ss Bid Oder 1-month 1.6416 1.6431 2-month ***** IJ4I9 3-month ***** 1.6408 6-month 1.6367 1 6317 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at ltaa ytstarday: Singapore dollars to1,467 words
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COMMODITIES & FUTURES
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Article1457 1993-02-27 10 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures eased marginally in lacklustre dealings on technicals and position adjustments ahead of revised US fourth quarter gross domestic product (GDP) figures yesterday. A Reuter survey showed that Wall Street analysts expected real GDP to rise a revisedReuter - 1,457 words
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1013 1993-02-27 10 COMMODITIES REPORT 9 Tin TIN price on the Kuala Lumpur Tin Market firmed nine sen to close at MS 14.91 on demand from foreign and local buyers. Traders said they detected significant buying interest judging from the large number of bids1,013 words
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Article1710 1993-02-27 10 Rubber Feb 26 MS Cemmo dity Exchar ige (tatu ros dosing as at 1pm) MS (physical prfcos) RSS 1 Contract (S cents/kg) Ao 1 J IWWMI rpnt^/Vel Close Volume Open MS Jl A a IwWI IVlllSv Month High Low Sett (tonnes) Interest RSS 2 Mar 93 138.75 I39.75N1,710 words
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REGIONAL STOCK MARKETS
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Article1199 1993-02-27 11 +2.7 Option exercises whipped the share market back to life in afternoon trade yesterday, causing the leading index to close slightly higher. A lack of offshore leads combined with uncertainty over interest rates had earlier trimmed more than seven points off the All Ordinaries Index, brokers said. But the1,199 words
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Article275 1993-02-27 11 +0.42 The share market closed little changed after a dull day yesterday in which volume became a feature. The NZSE4O Capital Index closed up 0.42 point at 1.566.02 and was seen drifting in a range trading pattern again next week. "There is really no discernible trend in the275 words
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Article605 1993-02-27 11 +36.91 The overnight rise of phone giant Philippine Long Distance Telephone Co (PLDT) on Wall Street and news of a 20 per cent stock dividend by beer conglomerate San Miguel Corp (SMC) triggered a sharp rally in the market yesterday, brokers said. Analysts believe that a technical correction will605 words
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Article361 1993-02-27 11 -10.91 Persistent across the board sell- ing sent the market slumping for a second day yesterday as anticipated institutional support failed to materialise, brokers said. Ihe index lost 10.91 to 644.70 with turnover at 332.76 billion won from 372.13 billion on Thursday. Most said the lacklustre trend would continue361 words
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Article586 1993-02-27 11 121.75 Strong financial shares pulled the stock index up sharply to close at a seven-month high in hectic trade yesterday. The Weighted Index surged 121.75 points or 2.9 per cent to end at 4.278.63. Turnover soared to NTS6B.S billion, the heaviest since May 1991, from Thursday's NTS4O.S billion. Investors586 words
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Article50 1993-02-27 11 13.8 Shares of selective companies gained as market players made limited purchases ahead of today's announcement of the national budget, brokers said. The Bombay Stock Exchange 30-share index rose 13.80 points to 2.813.15 after slumping from a mid-session high of 2.842.33. The National Index rose 12.56 points to 1.260.27.50 words
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WORLD STOCK MARKETS
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Article738 1993-02-27 11 +39.3 Share prices closed sharply higher yesterday amid heightened speculation of a near-term German interest rate cut and a sharp rise in FTSE futures. The FTSE 100 index finished 39.3 points higher at 2.868.0 on healthy volume of 666.8 million shares. The March futures contract was trading at about738 words
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Article111 1993-02-27 11 +39.07 The CAC-40 index of leading French shares closed over 2 per cent higher, powered by the unwinding of expiring February index futures and options positions. The CAC-40 index ended up 39.07, or 2.01 per cent, at 1,983.71. The surge took the index to a ninemonth closing high. It111 words
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Article123 1993-02-27 11 1.19pc Revived interest in drugs company Astra lifted Stockholm bourse indices into plus territory in moderate volume. The all-share general index climbed 1.19 percent to 995.17 while the top-16 index climbed 1.21 percent to 1,035.95 on turnover of 807 million crowns. The week's extraordinary rally in Handelsbanken continued when123 words
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Article172 1993-02-27 11 +25.44 German shares posted strong gains during bourse session yesterday to end 1 53 per cent higher on the back of bond market rally and intensified speculation about the chance of a German interest rate cut next week. The DAX 30-share index ended 25.44 points higher at 1,684.35 after172 words
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Article173 1993-02-27 11 1.25pc Italian shares closed firmer yesterday, boosted by a rally in insurance stocks on the back of news that the Italian cabinet will discuss plans to create pension funds. Dealers said news that Moody's might cut Italy's credit rating and the fact that Raul Gardini. one of the nation's173 words
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Article239 1993-02-27 11 +2.24 Dutch shares had a strong day yesterday, with defensive sector shares responding well to a strong bond market, better than expected US GNP data, and a strong dollar. The EOE Index closed 2.24 higher at 305.82. having ranged between 306.16 and 305. Heineken and Unilever were among the239 words
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Article237 1993-02-27 11 +20.8 Swiss shares jumped almost 2 per cent in active trade on hopes that German key interest rates would be cut soon, dealers said. The broad SPI index closed 20.8 points higher at 1.286.7. The SMI index of leading shares added 39.3 for 2,100.6. against last Friday's 2,117.3. The237 words
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Article295 1993-02-27 11 -5.81 Stocks opened mixed in moderate dealings yesterday as precious metals shares came under pressure from a slip in the gold price, traders said. The TSE-300 index was 7.69 points lower at 3.452.25 with turnover of 4.85 million shares valued at C 546.97 million. Advances outpaced declines 131 to295 words
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Article794 1993-02-27 11 +8.64 Trading on Wall Street was uneven yesterday after a brief spike following the release of figures showing gross domestic product (GDP) up an annualized 4.8 per cent for the fourth quarter of 1992. At 11 am. the Dow Jones Industrial Index was at 3.366.20. up 1.06 points794 words
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Article178 1993-02-27 11 1.09 Belgian shares ended marginally higher in busy but cautious range trading yesterdav. Business was mainly concentrated in retailer Delhaize, which e l f™J ed Thursday s technical rally. "The market is uncertain. the next move might go either way," one trader said. The Bel-20 index of leading shares,178 words
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Article305 1993-02-27 11 *6 A fall in the gold price away from its US$33O an ounce level took the wind out of South African gold shares yesterday in thin trade, dealers said. They said the 3 per cent slide in the gold index followed US selling and a later fall in the305 words
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Article593 1993-02-27 11 Vienna t«b 25 Wh U|H.4.lin» I Rjnk MiMfUlPl 4»* 2 t MlgrmlPi :WI -W Junyhun/I Irn/inn 10 irvkjm J* I OrMrn Biju I Vmprm IW WKfc Moi 212 un»h VOIHVi BO Source: Z-Lan Bank Austria Nasdaq l-eb 2? I SS XiMpM i*ir\ Brr»inf Ifr H»t <112* \pple < ompuler lid593 words
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Article, Illustration2758 1993-02-27 12 Reuter STOCKS leapt yesterday after Governor Chris Patten postponed publishing his democratic reform bill, raising hopes of longawaited talks with China on the British colony's political future. The blue-chip Hang Seng Index surged 148.11 points (2.39 per cent) to close at 6,351.99. Turnover nearly doubled from Thursday's level toReuter; Source: Bridge Info - 2,758 words
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Article, Illustration456 1993-02-27 12 THE Shanghai A market's slide continued yesterday with the CLSA Shanghai A Index down 5.19 per cent to 8,851.22. Uncertainty on the schedule of the listed companies' final result announcements dampened sentiment. The Shanghai B shares were little changed from Thursday and the CLSA Shanghai B Index notched up456 words
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Article, Illustration2501 1993-02-27 12 Reuter STOCKS ended slightly firmer yesterday after dull, range-bound trade ahead of the weekend meeting of the Group of Seven finance ministers. Public pension funds and sporadic index-linked buying underpinned prices but a gloomy corporate profit outlook limited gains, brokers said. "There wasn't much reason to buy today butReuter; Source: Bridge Info - 2,501 words
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Article, Illustration1666 1993-02-27 12 Reuter STOCKS fell across the board in the afternoon yesterday with the index closing 16.88 points, or 1.77 per cent, down on heavy sales of big-bank shares, brokers said. The SET Index finished at 937.65 with 168 losers, 72 winners and 64 stocks unchanged. The banking sector index droppedReuter; Source: Bridge Info - 1,666 words
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Article, Illustration842 1993-02-27 12 Reuter STOCKS closed mixed in quiet trade yesterday which brokers said would continue through the Muslim fasting month of Ramadan. The Official Index closed at 300.38, up 0.16 point. In the financial sector. Inter Pacific rose 250 rupiah to 4,150 on turnover of 211,000 shares. A broker said theReuter; Source: Bridge Info - 842 words
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Article, Illustration2228 1993-02-27 13 Source: Bridge Info Source: Bridge Info MOT ACTlVf votow Kcnona Bhd JOc IMZI-2S2 AMDBMC Hi 25 Mciroptcx JOc I'.«»«» Bojaya Group M]5'SSa Hromct *-**3.000 Aju Pic Ld 50c M&25 Innovcil Bhd ?'52o22a MBfHtdpSOc Fabcr Group Idm Hvd 50c 2,6»5.000 Multipurpose 2.411.000 Bctjayi tenure J!I SS2 Insas Bhd 1.852.000Source: Bridge Info - 2,228 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4862 1993-02-27 13 Bernama. Reuter KUALA LUMPUR Share prices here closed lower yesterday as investors took profits after the recent surge. At the close, the KLSE Composite Index shed 0.64 of a point to 638.19 while the Industrial Index slipped 5.2S points to 1,134.38. However, the main boardBernama.; Reuter; Source: Bridge Info - 4,862 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1012 1993-02-27 14 Paul Leo - By Paul Leo SINGAPORE Inchcape took some steam out of the stock market yesterday. In heavy trading, the benchmark Straits Times Industrials Index fell 16.46 points to 1,664.50 ending a three-day string of record closes. Inchcape dived 12 per cent, losing 85Source: Bridge Info - 1,012 words
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Article, Illustration72 1993-02-27 14 Quak Hiang Whai - HOT STOCK Quak Hiang Whai ACMA Ltd had one of the most spectacular runs in the market, especially after it broke the resistance at $2. Its surge sent most of its indicators into the heavily overbought region. Daily, weekly and monthly RSIs are above 75 and look readySOURCE: BRIDGE INFO - 72 words
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Article5801 1993-02-27 14 MAIN BOARD Gr Gf Lm Vol Day Lnt Ouow Dit Di» YM V« M Cm High Lw f Safe 0000) High Low Bayrr StStt Cu P/E $«U INDUSTRIAL AND COMMERCIAL 344 170 Acma 332 -4 136 J36 332 330 332 12.2 .2.1 3.7 19.2 205.1 202 J* 153 s 1855,801 words
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Page 7 Advertisements
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Advertisement523 1993-02-27 7 BUSINESS TI M_JL_S_ TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 ANNOUNCEMENT INDONESIA DEVELOPMENT FUND LIMITED (an investment company incorporated in the Cayman Islands) NOTICE IS HEREBY GIVEN THAT for the purpose of determining who is entitled to receive the proposed dividend to be voted upon at the upcoming Annual General523 words
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Advertisement149 1993-02-27 7 r IN THE MATTER Of THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER Of PT* LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act. Cap 50 that a Final Meeting ot the members of the abovenamed149 words
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Advertisement121 1993-02-27 7 tM h».aa >*• I*l iMfVr •4UM am Opening March i 993 Fa superbly palatable business trips to Kuala Lumpur, the don't you deserve a hotel that works as hard as you do? To make Swiss Garden Hotel has exquisite restaurants catering to your every reservations, please contact your travel agent121 words
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Page 8 Advertisements
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Advertisement1452 1993-02-27 8 A Indian Bank (Wholly-owned by Government of India) Head Office: 31, R*Wi Salai Madras 600 001. India) BALANCE SHEET AS AT 318T MARCH 1092 (OOP'S QMIMED) (OOP'S OMITTED) CAPITAL ft LIABILITIES SCHEDULE AS ON 91.03.93 PROSIT A LOSS ACCOUNT SCHEDULE AS OIT 31.03.93 nts TTTTT Hr irs L Capital 11,452 words
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Page 10 Advertisements
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Advertisement151 1993-02-27 10 Under instruction from the Receiver and Manager. FOR SALE AND DEVELOPMENT SHIS. Cnr. Thomas Road Marri Park Drive, Casuarina, Western Australia. $5.9 million as a whole or in part. Price includes: 18 hole developed golf course. Marrl Park Tavern on a W.1.W.0. basis. Individual rural residential lots. Additional land for151 words
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Advertisement20 1993-02-27 10 As and when the latest I x>ndon/Rotterdam prices are not available, the previous trading day's closing figures are carried instead20 words
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Page 11 Advertisements
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Advertisement15 1993-02-27 11 s a c ur r, e M> °k Find out in BusinesslT's Test Run column15 words
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Page 12 Advertisements
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Advertisement22 1993-02-27 12 Convex Computer Corp's founder-president talks about supercomputers In Asia Sn an exclusive Interview m MM m BuslnesslT. In Business Times on Monday22 words
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Page 13 Advertisements
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Advertisement156 1993-02-27 13 All wwraMs a ad boa* m livrd ia SES page I for a company to grow, you nood to slow Hm momentum. solos administration taken I funds as woll as imagination. With a litrio Koip from International cars of on your behalf. I Especially if you're an SME into Factors,156 words
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Page 14 Advertisements
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Advertisement20 1993-02-27 14 DANCE OF THE DINOSAURS Mainframe makers are fighting back. Do they have a chance? BusinesslT. In Business Times on Monday20 words
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SPORTS
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Article, Illustration717 1993-02-27 15 George Vecsey - George Vecsey on Bill Clinton's new running track at the White House George Vecsey NYT NEW YORK Ever wonder how we wound up with a humongous national debt, paying off the interest like compulsive gamblers to a bunch of loan sharks? Because our values areNYT - 717 words
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SCORE CARD
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Article, Illustration21 1993-02-27 15 Reuter NEW YORK NBA results on Thursday: Charlotte 111 San Antonio 104; Chicago 108 Orlando 106; Houston 131 Phoenix 104.Reuter - 21 words
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Article, Illustration58 1993-02-27 15 Reuter CHRISTCHU'RCH, New Zealand New Zealand were 30 for two at the close of the second day of the first cricket test yesterday after Australia were all out in their first innings for 485. Scores: Australia 485 (M Taylor 82, A Border 88. J Langer 63, S Waugh 62,Reuter - 58 words
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Article, Illustration135 1993-02-27 15 AFP Reuter AP CADIZ, Spain First round leaders in the Turespana Masters on Thursday: 67 Des Smyth (Ire) 68 Miguel Martin (Spn), Anders Gillner (Swe), Eduardo Romero (Arg) 69 Joakim Haeggman (Swe), lan Palmer (SA), Steven Richardson (GB). AFP PACIFIC PALISADES, California First round leaders of the Los AngelesAFP; Reuter; AP - 135 words
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Article, Illustration45 1993-02-27 15 AP NEW YORK NHL mines on Thursday: Minnesota 3 Boston 3 (tie); Ottawa 2 Pittsburgh 1; Quebec 6 New York Islanders 4; Philadelphia 6 New Jersey 2; Chicago 5 Tampa Bay 1; St. Louis 3 Los Angeles 0; Toronto 5 San Jose 0.AP - 45 words
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Article, Illustration283 1993-02-27 15 AP Reuter AFP AP ROTTERDAM, Netherlands Results of the US$6OO,OOO ABN Amro World Tennis Tournament on Thursday (seedings in parentheses) Second Round: Kenneth Carlsen (Den) b Jan Siemerink (Neth) 4-6, 7-6 (7-3), 6-4; Karel Novacek (Czc 7) b Tom Nijssen (Neth) 6-2, 6-0; Omar Camporesc (Ita) b Ralph KokAP; Reuter; AFP - 283 words
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Article, Illustration449 1993-02-27 15 Golf UPI CADIZ, Spain Irishman Des Smyth's first sight of the Novo Sancti Petri course in Cadiz was when he played the first round of the U*****,000 (SS861,000) Turespana Masters on Thursday, but that did not stop him from shooting aUPI - 449 words
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302 1993-02-27 15 Reuter PACIFIC PALISADES, California Jim McGovern, a self-confessed golf junkie, shot a four-under-par 67 to share the lead with fellow Americans Russell Beiersdorf and Jay Don Blake after the first round at the US$l million (551.64 million) Los Angeles Open golf tournamentReuter - 302 words
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SIDE LINES
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Article86 1993-02-27 15 AP SYDNEY Australian Peter Senior beat a gusting wind to take a two-shot lead yesterday after two rounds of the U*****,000 (*****,000) Canon Challenge golf tournament. With his broomstick putter finding the mark, Senior ground out a 4-under-par round of 68 on the CastleAP - 86 words
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89 1993-02-27 15 AFP INDIAN WELLS, California Tracy Austin, who launched her second comeback to pro tennis with two match victories this week, succumbed to the power of Stephanie Rottier 6-1, 6-0 here on Thursday. Rottier, a 19-year-old from the Netherlands, put together 11 games in aAFP - 89 words
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99 1993-02-27 15 Reuter TOKYO The head of Japan's new professional soccer league said yesterday it would lose 30 billion yen (Ss4lB million) for the first five years, but that it would survive the country's serious economic slowdown. Saburo Kawabuchi, chairman of the J League, told reportersReuter - 99 words
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Article, Illustration26 1993-02-27 15 Reuter MONACO Monaco's Jurgen Klinsmann (right) and Marseille's Bernard Casoni fighting for the ball during their French soccer league championship match on Thursday. ReuterReuter - 26 words
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Article106 1993-02-27 15 Reuter LONDON Wembley stadium may stage a match later this year between England and a star-studded Rest of the World team in memory of Bobby Moore, who died on Wednesday after a two-year battle against cancer. Wembley chairman Brian Wolfson on Thursday gave permission for theReuter - 106 words
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71 1993-02-27 15 AP VAIL, Colorado The Jerry Ford Invitational golf tournament, which has raised more than US$l million (551.64 million) for charity in the past 16 years, will end after 1996, former US President Gerald Ford said. Tournament coordinator Kathy Meyer said officials decided toAP - 71 words
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63 1993-02-27 15 AP SAN FRANCISCO The San Francisco 49ers on Thursday declared (fuarterback Steve Young, the NFL's Most Valuable Player, their franchise player under the NFL's new unrestricted free agency plan. That ensures that Young will remain with the team regardless. Teams also have the right toAP - 63 words
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Article, Illustration664 1993-02-27 16 Sunil Gavasker's record broken Reuter CHRISTCHURCH, New Zealand Australian captain Allan Border, with a deft swipe oft" his legs for four, became the world's highest test run scorer on yesterday on the second day of a test match against New Zealand. Border, 37, broke Indian SunilReuter - 664 words
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Article1593 1993-02-27 15 a& nw no nm no, nm cu nm no_ MM MmM GA860 0020 Ite CM Mte» CWy VN/SQ743 1315 VN/SQ742 1415 G* 928 0305 Mwn»WM SQ1 1320 SQ862 0915 MlllHi SQ228 2015 CI665 1430 SQ062 0915 Inaiua RIIA7 ni« CX713 1455 CX714 0925 n n !Hi£l1,593 words
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Page 15 Advertisements
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Advertisement48 1993-02-27 15 Fly Finnair's new MD-11 the world's most technologically advanced aircraft Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.48 words
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SHIPS IN PORT
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Article444 1993-02-27 16 Vead toy Hp Berth UnM Departs Ve«d Voy to Berth fcmal Departue Jurone Port Sn Tf San S19 POIC alongside 2702/2300 AsaVen&e 22 N/5 *ngade 2702/2300 Son Sp«d 0293 TO4 alongade "J" 2 0 (V *Mo 2D/93 J2 alongade 27 02/1100 S«<vRa, M93 P04 atongade 27 02444 words
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Article1753 1993-02-27 16 DELIVERY Of Fa IMPORT CONTAINERS IN PROGRESS 9# Voy No Caitmn avaiabte SMp Voy Wo Cdrtanerc wMjt Takan IV 4100 COO(EST) 27.0293 0700 C D Trieste 952 CQD(EST) *****3 1500 T«ad*a 965 COO(EST) *****3 0700 N Rhodonite 08f COD(EST) *****3 1500 T«er Arrow 55N COO(EST) 26 02 931,753 words
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Page 16 Miscellaneous
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Miscellaneous333 1993-02-27 16 CRYPTIC CROSSWORD 1 DOWM J (8) YESTERDAY'S SOLUTION 2 Badly seared and wiped j-j r j s h n ot a problem for [cir>|H|r>lM|p|s|KlelA|RlT|olulTl out (6) Herodotus, say? (9) IpUaMaMemnUaMpma 3 End of passage that took 14 semi-demolished in mosque, caves and h jd e OU |side! (9) temple? (5)333 words
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REGIONAL FOCUS
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Article, Illustration747 1993-02-27 17 AFP NEW DELHI Indian Premier P V Narasimha Rao, after foiling an Opposition rally on Thursday, shifts his attention back to the economy today with a Budget expected to cautiously advance reforms the government says are paying off. The fiscal 1993-94 BudgetAFP - 747 words
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Article659 1993-02-27 17 James Manor - Trouble in India By James Manor The writer is a professorial fellow of the Institute of Development Studies at the University of Sussex, England, and the author of books on South Asian politics. He contributed this comment to the International Herald Tribune. IHT NEW DELHIIHT - 659 words
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Page 17 Advertisements
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Advertisement78 1993-02-27 17 The royalty of Sweden possesses it, W ■LJI I the German Prime Minister's public house boasts of it, movies stars pohlffil THE ULTIMATE The Ultimate Kitchen. CUSTOM-MADE KITCHEN HTHATS DCTNCH.Y INDIVIDUAL I embodies the individuality 1 ■BSBFfiBhS name 8 ■H fmm THE GERMAN MADE, WORLD ACKNOWLEDGED LEADER IN CUSTOM DESIGNED78 words
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472 1993-02-27 18 President urges Japan, Germany to join US in boosting global prosperity Reuter, AP WASHINGTON President Bill Clinton said yesterday that the world stands at the "third great moment of decision" of the 20th century and called upon Japan and Germany toReuter,; AP - 472 words
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571 1993-02-27 18 Opposition party calls for nationwide protests to condemn crackdown AFP, Reuter i NEW DELHI India's Parliament came to a standstill yesterday with the right-wing Bharatiya Janata Party (BJP) and the government clashing over the police role in halting a BJP rally on Thursday.AFP,; Reuter - 571 words
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351 1993-02-27 18 Bernama KOTA TINGGI The consent of the Conference of Rulers to constitutional amendments to withdraw the rulers' legal immunity had been obtained through valid legal procedures. Malaysian Law Minister Datuk Syed Hamid Albar said yesterday that, therefore, the question of any rulerBernama - 351 words
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215 1993-02-27 18 NYT. Reuter GENEVA United States President Bill Clinton and President Boris Yeltsin of Russia will hold their first summit meeting on April 4, the US and Russia announced on Thursday. Yesterday, Interfax news agcncy reported that the summit would be heldNYT.; Reuter - 215 words
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306 1993-02-27 18 Rahita Elias - From Rahita Elias in KUALA LUMPUR SINGAPORE. Malaysia and Indonesia will form a working committee to look into a comprehensive traffic separation scheme for ships sailing through the Straits of Malacca. Chcah Kong Wai. Malaysia's deputy secretary-general of the Ministry of306 words
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426 1993-02-27 18 Catherine Ong - From Catherine Ong in HONGKONG NEWS of a delay in the gazetting of a Bill on Governor Chris Patten's political reforms sent share prices sharply higher on the Hongkong stock exchange yesterday. The Hang Seng index surged 148.11 points, or 2.4426 words
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486 1993-02-27 18 Catherine Ong - From Catherine Ong in HONGKONG THE Hongkong government is facing up to a "serious problem" of underspending as it heads towards an embarrassingly huge budget surplus of between HK$l7 billion (553.7 billion) and HKS3O billion (556.5 billion) for the financial486 words
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Article, Illustration51 1993-02-27 18 KUWAIT Kuwaiti children earning their country's flag during celebrations of its 32nd National Day on Thursday Warplanes new over the city and women waved yellow flags in remembrance of the war dead and missing ahead ot the second anniversary of the country's liberation51 words
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408 1993-02-27 18 Reuter, AFP. TAIPEI Taiwan's new Premier Lien Chan yesterday formed a heavily businessoriented. technocratic Cabinet in a sweeping reshuffle that put liberal political allies in key posts. Six out of eight full ministers were replaced in the reshuffle. which was approved by a meeting ofReuter,; AFP. - 408 words
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Page 18 Advertisements
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Advertisement256 1993-02-27 18 Monday in Business Times New Zealand Govemmertt-owned for 100 years, mw afeehcm liwestment opportunity thatk..as good as gold RETAIL COMMERCIAL RESIDENTIAL INVESTMENT New Zealand Railways Corporation has owned land in Newmarket for a century. The property is part of Auckland's fastest growing retail centre and borders the city's most affluent256 words
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ISEAS Trends
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Article, Illustration2371 1993-02-27 19 Ingo Walter - Ingo Walter looks at that increasingly intense contest and what it takes for cities to become world-class players Ingo Walter Professor Ingo H alter is a Distinguished Fellow in International Banking and Finance at ISEAS. and Director of New York University's Salomon Center. THE financial2,371 words
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Article1573 1993-02-27 19 Mukul G Asher - Mukul G Asher considers the particular situation of the Asean states Mukul G Asher Dr Mukul G Asher is Associate Professor, Department of Economics and Statistics, and Senior Fellow, Public Policy Programme, National University of Singapore. He is currently a visiting scholar at the Harvard Institute1,573 words
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Article, Illustration1085 1993-02-27 20 Arun Mahizhnan - Arun Mahizhnan examines how Singapore Inc thrives on collaborative efforts to boost economic growth Arun Mahizhnan Arun Mahizhnan is a Senior Research Fellow at the Institute of Policy Studies. IN THE past 30 years or so. Singapore has developed many variations of what is known1,085 words
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1246 1993-02-27 20 G L Ooi - G L Ooi analyses the demand on the quality of spatial planning and provision in Singapore. G L Ooi Dr (i L Ooi is a Senior Research Fellow at the Institute of Policy Studies THE space we live, work, shop and recreate in, is1,246 words
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Article, Illustration1489 1993-02-27 20 Gregory H Fox - Pornography and free expression a riposte Gregory H Fox argues that we must live with a few unpleasant voices if we are to ensure that our own voices are still heard Gregory H Fox Gregory Fox is a Professor of International Law at Sew York University Law School. TO HAVE1,489 words
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Article, Illustration1317 1993-02-27 21 Shamsul A B - Shamsul A B observes that the "royalty episode' has thrown up many awkward ethical and political questions, the answers to which are eagerly awaited Shamsul A B Professor Shamsul A B teaches politics and culture at L'niversiti Kebangsaan Malaysia. THE recent political1,317 words
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596 1993-02-27 21 Sharon Siddique - In-house Opinion By Sharon Siddique Dr Sharon Siddique is the Acting Director at I SEAS and an Editor-in-Chief of Trends SOUTH-EAST Asian prosperity appears increasingly incongruous if one juxtaposes it against what is emerging as the fundamental global concern of the 1990s simple596 words
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Article, Illustration823 1993-02-27 21 Cao Xuan Phu - Cao Xuan Phu examines key elements driving the new relationship Cao Xuan Phu Cao Xuan Phil is from Hanoi 's Institute of Southeast Asian Studies. He is currently a Research Fellow at ISEAS. preparing a monograph on Japan's role in Vietnam s development.823 words
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Article, Illustration914 1993-02-27 21 Stephen L Ryan - Parochial, constituency-based issues are impelling the US armed services to stage a Parthian retreat, notes Stephen L Ryan Stephen L Ryan Stephen L Ryan is stationed in Singapore w here he covers the Asean region for a Washington-based risk-analysis firm. THE recent announcement914 words
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Article, Illustration1379 1993-02-27 22 S Rajaratnam - MSWGAPOK STIIIfi ran S Rajaratnam I UNDERSTAND that there are elaborate plans to celebrate the birth of the world's first democracy seeded in Athenian Greece some 2,600 years ago. Il Prior to the concept of democracy, world history was very much like that depicted in1,379 words
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Page 19 Advertisements
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Advertisement316 1993-02-27 19 Someone dose has been Hving Your son in Canada is studying for some years. ■■7overseas. Wwgfowup And vou writingttose long letters. Bnffnjl want him The Straits Times ■UMsJH close to home Weekly tells it bettet -with news (He might from home. comeback after reading ail HdlllliJiiH the good news.) To316 words
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Page 20 Advertisements
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Advertisement214 1993-02-27 20 muntht> pmblK jluin ut Ihe liwhihc '>1 Souilkjn) \sun Siuilk^ The Publication Editors-in-chief S. Rajaratnam Sharon Siddique Editor Derek da Cunha Associate Editor P. Liin Pui Huen Assistant Editor Goh Sui Noi International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. koh (Singapore)214 words
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Page 21 Advertisements
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Advertisement7 1993-02-27 21 RECRUIT QUALIFIED CANDIDATES Tunnnpu riH'Stniil.s'l'iiiK's THROUGH APPONTMENTS7 words
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Page 22 Advertisements
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Advertisement185 1993-02-27 22 Even bees could build ibetter hbneycombs if they read Computer Times. A new IT advertising medium that: Call: Teo Han Kim 740 1628 Si! on IT matters. Kemeril Te 740 2043 Q has longer shelf life for longer advertising Nalini Naidu 740 2050 dividends. Q H chu 740 2057 H185 words
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Executive Lifestyle
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Article, Illustration1734 1993-02-27 23 Susan Tsang - What makes professionals quit their jobs and return to school? Susan Tsang finds out from some born-again students Susan Tsang EVERYONE in Singapore knows the importance of paper qualifications. He who does not possess them finds himself handicapped in the rat race. But how does1,734 words
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STRAWS IN THE WIND
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Article59 1993-02-27 23 IT'S AMAZING what news coverage can do to people. One parent called up to say that his son from Catholic High School had just scored 10 'A's in his GCE 'O' Level examinations, but because there was no publicity about the child's achievements, none of his relatives59 words
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Article61 1993-02-27 23 A COLLEAGUE dialled a direct number at Singapore Telecom but was told she had got the wrong person. When she then asked what the main switchboard number was, the person on the other line said she didn't know what it was. Hmm. Maybe when you have a61 words
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Article92 1993-02-27 23 IF YOUR CAR breaks down, you give it a push. But when your plane conks out, what do you do? Well, you push too, as passengers in a four-engined jet were asked to do when the plane was blocked in at a New Zealand airport. According to92 words
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OPINIONS
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Article791 1993-02-27 24 Tye Kim Khiat - Hongkong is a shining example of how free enterprise can prevail in an increasingly protectionist world, writes Tye Kim Khiat from Melbourne Tye Kim Khiat The writer is q Melbourne-based journalist who contributed this commentary to BT Hongkong. That bastion of commerce, that redoubt of791 words
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Article, Illustration767 1993-02-27 24 Terence Lim - Terence Lim believes pity played a big part in singer/guitarist Eric Clapton's impressive sweep of the Grammy Awards on Thursday Terence Lim The writer is a temporary journalist with &T WHEN British rock guitarist Eric Clapton took home three top Grammys on Thursday, not many767 words
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VIEWPOINT
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Article, Illustration2455 1993-02-27 25 Jaime Ee - CONVERSATIONS AT RAFFLES Kuo Pao Kun, Cultural Medallion winner and the driving force behind The Substation, examines the progress of the arts in Singapore and tells Jaime Ee why he thinks the government has an important part to play in this area Jaime Ee CULTURAL2,455 words
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Article, Illustration1208 1993-02-27 25 WHEN IT comes to financial support of the arts, there is always that tussle over who the main benefactor should be government or private corporations. In recent years, corporate sponsorship of the arts has been recognised as a good business move, in that while itPhoto by Chris Loh - 1,208 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration58 1993-02-27 26 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities. Crosby Securities, Daiwa Securities Singapore. DBS Asset Management, Kay Hian James Capel, Kim Eng Securities, Morgan Grenfell Asia Securities, Peregrine Securities. Phillip Securities, OCBC Securities, Ong Co, (JOB Securities58 words
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Article83 1993-02-27 26 A strong buy recommendation is out, on both sides of the Causeway, for Pilecon Engineering. The Malaysian company, says one wag, is a utility, contractor and water buy. Prospects for its traditional construction business are bright, and its water privatisation and Mini-City projects are expected to increase earnings83 words
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Article142 1993-02-27 26 Ong and Co (Feb 25) Intraco. Buy at $1.75. Turnaround story. Rover cars selling well. San Teh. Buy at $1.19. We continue to like the counter, which will join the main board in the third quarter of this year. Sembawang Shipyard. Buy at $8.75. Engineering division gaining more contracts.142 words
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Article, Illustration193 1993-02-27 26 Vickers Ballas Hong Kong The Shanghai market has risen 13 per cent since end-January. Shanghai No 2 Textile Machinery's recently released 1992 earn- ings 312 per cent) were above forecast and should further support market bullishness on corporate earnings growth, as well as sustain the193 words
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Article, Illustration204 1993-02-27 26 Mr James See - Mr James See, Mr James See, 40 Director Kim Eng Securities UT am happy with the I budget, not necessariA ly with the market. The 3 per cent cut in corporate tax has been discounted by the market. A one per cent cut would have translated into204 words
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Article, Illustration1800 1993-02-27 26 Amy Balan - STOCK Amy Balan met Metroplex officials in Kuala Lumpur recently and discovers... Amy Balan CALL it sheer luck, propitious timing or foresight, Malaysian private housing and property developer Metroplex probably has them all. Sheer luck. Most developers would have to pay others to clear theirSource: Micropal - 1,800 words
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Article, Illustration229 1993-02-27 26 Chew Eng Han - Chart point By Chew Eng Han The writer is assistant manager of investments at NTVC Income Unaccustomed to life in the fast lane, the Straits Times Industrials Index may soon be taking a breather. Buoyed by optimism on the Budget, the STII broke through the 1,650229 words
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Article, Illustration772 1993-02-27 27 Chew Eng Han - Chew Eng Han explains why the currency is scaling new heights despite Japan's weak economy Chew Eng Han The writer is assistant manager of investments at NTUC Income US TREASURY Secretary Lloyd Bentsen wants a stronger yen. And so the yen shall rise. The Japanese772 words
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Article, Illustration733 1993-02-27 27 Abdul Hadhi - A US investment strategist advises Abdul Hadhi where to place his money Abdul Hadhi Lx NDER-CAPITALISED I and cyclical stocks will spearhead the third leg of Wall Street's current bull market, predicts Cowen Co's chief investment strategist Richard Hoffman. "As733 words
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Article, Illustration243 1993-02-27 27 Paul Leo - Spotlight currency By Paul Leo THE US dollar has reached a watershed against the Singapore dollar. A trend for the next six months appears to be taking shape, judging by the five-week and 15-week moving average lines. The weekly charts hint at theSource: TeleTrac - 243 words
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Article, Illustration647 1993-02-27 28 RINGO LIEW - CD Review By RINGO LIEW THE JEFF HEALEY BAND: Feel This The brand of blues rock that Jeff Healey and his band play has a down-home feel to it that makes the music sound right at home whether in a stadium or a living room. Veterans of647 words
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Article, Illustration961 1993-02-27 28 Mark Graham - Mark Graham discovers a luxurious, eco-friendly resort in the largely isolated southern Highlands of Papua New Guinea Mark Graham EARLIER this century, a couple of Australian gold prospectors walked into a remote Papua New Guinea valley and discovered a lost civilisation of more than half aPhotos by Mark Graham - 961 words
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Article, Illustration843 1993-02-27 28 SAMUEL EE - Mulni I,»ii moxonng By SAMUEL EE RARELY does the spec sheet of a stock family saloon excite a potential buyer as much as the new Mitsubishi Galant's two-litre V 6, ABS, "fuzzy logic", traction control system, front and rear multi-link "featurepacked" would hardly seem to be843 words
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Article, Illustration454 1993-02-27 29 AUDREY TAN - Cinema Review By AUDREY TAN FROZEN ASSETS is nothing if not a campy movie that loads on the com and ends on an "oh-goody" note. Zach Shepard (Corbin Bernsen) is a junior executive who, in a bid to become vice-presi-dent of his company, is454 words
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HEALTH & FITNESS
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HEALTH Notes
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Article131 1993-02-27 30 New Scientist. FOR THEIR mental well-being, women should get a job and avoid having children, according to an American researcher. If they already have children, they should get a job anyway and hire good childcare. It was found that women who stay at home tendedNew Scientist. - 131 words
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101 1993-02-27 30 Update (Kelloggs newsletter). WOMEN married to men with a high risk of coronary heart disease are also in danger of contracting the disease, according to the results of a study done in Norway. No, heart disease is not contagious. Rather, the simple explanationUpdate (Kelloggs newsletter). - 101 words
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Article99 1993-02-27 30 New Scientist. RATHER than using the excuse of old age to lapse into unhealthy dietary habits, the elderly should take special care of their diets, savs a British report on nutrition in elderly people. Not only will this aid the elderly themselves, it alsoNew Scientist. - 99 words
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Article88 1993-02-27 30 American Health. AS IF LUNG cancer isn't enough, studies at Harvard University now show that smokers are more prone to cataracts. The Number 1 cause of blindness, cataracts can only be corrected by surgery. Heavy smokers are twice as likely to develop cataracts as thoseAmerican Health. - 88 words
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84 1993-02-27 30 American Health. "TAKE two aspirin and call me in the morning" is something a doctor should not say to a hopeful father. A study has shown that aspirin can significantly reduce sperm mobility. Adding differing concentrations of salicylic acid (the active ingredient in aspirin) toAmerican Health. - 84 words
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Article108 1993-02-27 30 Men's Health READY-TO-USE reading glasses are a safe and inexpensive way of correcting far-sightedness, according to experts. Since the ailment is usually the result of old age when the lenses in our eyes begin to lose their elasticity, over-40s might start to realise that they areMen's Health - 108 words
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Article98 1993-02-27 30 Men's Health USING extra hair conditioner in a bid to stop dandruff will not work. In fact, those who believe that moisturising will reduce the diying of the scalp may be doing themselves more harm. Rather, stick to anti-dandruff shampoos which are specially formulated to slowMen's Health - 98 words
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Article, Illustration764 1993-02-27 30 Susan Tsang - Susan Tsang offers some tips on how to battle terminal illnesses Susan Tsang THIS is the age of the computer. Typists have given way to laser printers, and more people are turning to the keyboard and screen to do their work, their accounts and letters; some764 words
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912 1993-02-27 30 Barbara Lloyd - Barbara Lloyd checks out the latest offerings in fitness equipment at the Super Show Barbara Lloyd NYT STEP aside, Stairmaster. There is much more to exercise than merely climbing endless flights of stairs, if a trade exhibition of sports equipment in Atlanta, US,NYT - 912 words
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PEOPLE
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Article, Illustration176 1993-02-27 30 A FAMILY that works together stays together. Presenting a united front before the public eye, three members of the Wong family, owners of Noel Gifts International, took centre stage during the launch of its $11.25 million public share offering at the Raffles Ballroom, Westin Hotel on176 words
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Article, Illustration199 1993-02-27 30 THE CROWNING of the cream of the local sporting fraternity last Sunday was graced by the presence of special guests Fu Mingxia and Sun Shuwei, China's Olympic diving champions. Also at the Oriental Hotel for the Coca Co\aJThe Sunday Times Sports Stars Annual Award night were Defence MinisterPhotos by Chris Loh and Arthur Lee - 199 words
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TIME OFF
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Article, Illustration991 1993-02-27 31 Shahiron Sahari - Shahiron Sahari drops in on the middle-aged crowd that's been making a beeline for Fabrice's World Music Bar Shahiron Sahari FABRICE'S World Music Bar, opened three months ago, was designed to be a place for the older crowd to have a place of their own;991 words
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Article, Illustration699 1993-02-27 31 JUST what in the world is World Music? The safest definition is that world music is an all-encompassing term describing music that is not in the mainstream of pop, rock, jazz or soul. The way it is currently understood, most of the types699 words
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Article, Illustration337 1993-02-27 31 Of Fairy Tales And Children's Games If you've exhausted all toy shops and outdoor haunts to entertain the kids, it's never too early to immerse them in a little culture for a change. The Singapore Dance Theatre offers a season of children's ballets, which centres on fairy tales and337 words
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Article277 1993-02-27 31 Singapore Symphony Orchestra Choo Hoey conducts the orchestra in a programme in which organist Simon Preston lends lustre to Bonnet's Variations de Concert and Haydn's Organ Concerto No I. The Mahler Symphony No 5 is grand and powerful, beginning with tragic drama and ending with a celebratory finale. Victoria277 words
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Article477 1993-02-27 31 Israeli Him Festival Mrs vs Miss is a 1985 film story of two women, one a typical housewife, the other an unmarried lawyer who decide to change roles. The film is in Hebrew with English subtitles. Rated R(A). Jubilee Hall. Raffles Hotel, tomorrow at 6:30 pm. Tickets at $6477 words
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Article925 1993-02-27 31 Influence of Islam on Malay Culture A talk by Professor Yusof Talib, sponsored and presented by the Friends of the National Museum. National Museum Theatrette. Friday. March 5 at 11 am. Furniture Fair Old British pieces and Indonesian furniture is on display. The Business Centre. sth Floor.925 words
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Article181 1993-02-27 31 Tag Theatre and Taro the Dragon Boy This National Arts Council event is the launching of Young People's Theatre. It features plays and theatre activities including puppetry', story telling and mask making. Ten local performances and seven school plays will be featured. Tag Theatre is a181 words
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Article301 1993-02-27 31 Grease The Tony Award hit and the inspiration for one of the highest grossing movies ever made will be brought to Singapore by US based National Touring Musicals. It's the story of Danny, leader of a boys' gang, and Sandy, a sweet innocent who joins the301 words
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EPICURE
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Article, Illustration636 1993-02-27 32 Susan Tsang - Montpamasse promotion at Le Meridien Susan Tsang meets cheese maitre d' Gerard Poulard Susan Tsang WHEN Gerard Poulard goes into action beside his cheese trolley, even casual observers can't fail to notice how much he seems to enjoy what he does. Poulard is one ofPhoto by Chris Loh - 636 words
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Article, Illustration629 1993-02-27 32 JAIME EE - Bon Appetit By JAIME EE WE DID NOT intend to eat French food again this week. In fact, after our little escapade to suburban eatery Vis-a-vis last week, we decided that any duck we touched had better be prepared by Johnson Lok, not Jacques Pepin. But culinary fate629 words
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Article, Illustration1084 1993-02-27 34 A Few Good Men. Egged on by earnest Demi Moore, unambitious navy lawyer Tom Cruise defends two marines accused of murder. He also confronts acerbic base commander Jack Nicholson in a climactic courtroom scene. Oscar nominations for Best Picture and Best Supporting Actor (Nicholson). Yishun 10: 9.55; 1.15; 4;1,084 words
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Page 23 Advertisements
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Advertisement259 1993-02-27 23 The Gift Voucher That Can Be Used In So Many Ways 1^" For mere imformetitm, adl 220 9433/223 5333 When you move in the right circles, the world's finest bodyguard protects you. You'd be hard pressed to X AodiCere. With throe yeer. free p%OC(m TH OtfATTBO tmi MMICAM e find259 words
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Page 24 Advertisements
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Advertisement204 1993-02-27 24 Warehouse £A| p 26TH 28TH FEB '93 10.00 am 6.00 pm PRECISION U.P JMfl $350 PEGASUS 4x9 BAG PUTTER 590 ECLIPSE 3*9 BAG PUTTER $950 Offer Valid Onlj For Purcbdst Of PefAsus/Etliptt. DISPLAYED SETS (3x9) $290 $350 (U.p. $590 $650) (LIMITED SETS ONLY) NOUVEAU/TARGET/CLASSIC U.P. prf $30 1\ I J204 words
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Advertisement9 1993-02-27 24 The solution t0... COMPUTER CRASH In BusinesslT on Monday9 words
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Page 24 Miscellaneous
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Miscellaneous52 1993-02-27 24 SESSSpSai 15??:5555?.2!t l C SH>oer for 6eRiATR<c„,O <•-> V KtJQW-j U C ASSOCIATED NEWSPAPERS LTD. IHimi 1 DOONESBURY GARRY TRUDEAU IOUPONCQOOP, \TgjZT W/WK fei vmSm I4MNIUPLL SP?"™ 7 rtfil MMSS* OenOBAKjHG COOL! I&FORKARS! ICANTT&- **6%°° 1U fKSS/ S55S' l TOMORROW... I U&/B HON& MAS ABLB TO LBS. OF ■l*fgggKJ ffSE?52 words
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Page 26 Advertisements
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Page 27 Advertisements
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Advertisement206 1993-02-27 27 WHO BUILDS THE BEST CAR IN SWEDEN? Every year, the Swedish Govern- enhanced by double width reinforced side ment surveys 3 million passenger impact beams and a fully galvanised body. vehicles to determine the "Best Technical While others just talk, Legacy has Quality Car*'. In this year's official t* win206 words
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Page 28 Advertisements
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Advertisement42 1993-02-27 28 The image Booster seeks the right media and the right company. Appointment Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAITS T*«S THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPfH LIANHE ZAOBAO UANHE WAN (AO SMINMJN OAB.Y NEWS ftfUtTA MARIAN M WTA MJNGGU42 words
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Page 29 Advertisements
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Advertisement172 1993-02-27 29 Distinguished Names A unique selection for business, career or casual AV -j3 v :> s, V- 'its Till if !jmi .s iHk.'* OTBPntrWri''TT**'' I '31 l l I HI Hi I 4 H I C 3 JH I v I n i w I Jlk 1 HVI I 19 I172 words
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Page 32 Advertisements
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Advertisement51 1993-02-27 32 3 DAYS LEFT TO BOOK AN AD IN THE YELLOW PAGES. Last day for booking: Monday Ist March fTI Call toll-free 1800 296 1633 now or walk in today! «=J yellow pages Integrated Information Pte Ltd 585 North Bridge Road #07-01 Bianco Court Singapore 0718 Telefax: 291 4561. Your Business51 words
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Advertisement7 1993-02-27 32 The wine column has been held over7 words
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Page 33 Advertisements
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Advertisement665 1993-02-27 33 fed Nothing Beats A Bud INKING QP f HIGH TEA AT CAE CAROUSEL I Adult $10.80++ Child $B.Bo++ I You'll find the most delicious variety of J dim sum, pastries, nonya kueh and cakes. I at our high tea buffet. Only on Saturdays and Sundays from J I 3pm to665 words
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Advertisement300 1993-02-27 33 WHERE TO WINE, DINE AND ENTERTAIN Make Up For Every Meal You've Had To Skip This Week If you've been living on a solid diet of work-and-not-much-else lately, give yourself a well-earned rest and head for the Plaza Hotel's Seafood-Theatre Restaurant this weekend. Select any item from our special a300 words
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Advertisement332 1993-02-27 33 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. Try our Beijing specialities such as V' Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. yTo add to your enjoyment, DlfiO all these are well within your reach.332 words
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Page 34 Miscellaneous
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Miscellaneous2340 1993-02-27 34 TODAY'S TV 10.30 Robotech. j 11.00 Adventures of Speed RacJebak Mailt, 4pm, SBC 5 Wonders In China, 9am, SBC 8 jp {1155 HiZdHjStibi. A syndicate dealing in counter- The Acrobatic Training School '->uv M a 12.00 MM News (M). feit money puts the police's in- in Beijing and the Kite2,340 words
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