The Business Times, 8 May 1993

Microfilm: NL18527
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    15 1 SINGAPORE Business Times Wli KNOW ASIA MITA (P) 552/12/92 Weekend Edition, May 8-9 1993 75®
    15 words
  • Article
    Singapore company STIC to offer 160 m shares on Monday
    544 1  -  By Genevieve Cua SINGAPORE Govern-ment-linked Singapore Technologies Industrial Corporation (STIC) will launch its initial public offer (IPO) of at least 160 million new shares on Monday. STIC, the industrial arm of the Defence Ministry's Singapore Technologies Holdings group, is expected
    544 words
  • Article
    Lock icon Taiwanese team to visit China for talks on direct air links
    279 1 Reuter TAIPEI Forty Taiwanese airline officials will visit Shanghai this month to discuss the possibility of opening direct air links between Taiwan and China, the leader of the delegation said yesterday. Tang Zang, chairman of Taiwan's Great China Airlines,
    Reuter  -  279 words
  • Article
    Lock icon Beijing takes firm steps to cool down overheated economy
    431 1 AFP BEIJING The Chinese government, amid breakneck economic growth and rising inflation, has decided to take steps to prevent overheating that include stronger controls on credit, a minister said yesterday. China's inflation rate for the year is expected to hit 8
    AFP  -  431 words
  • Article, Illustration
    Lock icon Li Peng needs rest, so Zhu taking over duties: official news agency
    368 1 AFP BEIJING Chinese Premier Li Peng, who has been sick for the past two weeks, will need to rest for "some time" and Vice-Premier Zhu Rongji has taken over his duties, the official Xinhua news agency said yesterday.
    AFP  -  368 words
  • Article
    Lock icon Clinton sees woman US president in his life-time
    199 1 Reuter WASHINGTON US President Bill Clinton predicted on Thursday that a woman would be elected president in his lifetime and said Americans might find a woman in charge at the White House more acceptable than his wife's high-profile advisory role. "A woman
    Reuter  -  199 words
  • Article
    S'pore PM expected to urge Japan to push for Gatt deal
    412 1  -  From Koichi Ishiyama Chuang Peck Ming in SINGAPORE PRIME MINISTER Goh Chok Tong leaves tomorrow for Japan, where he is expected to urge his Japanese counterpart to push at the G-7 meeting in Tokyo in July for a speedy
    412 words
  • 2am LATEST
    • Article
      Lock icon Russia preparing new foreign investment law
      65 1 AFP WASHINGTON Russia is preparing a new foreign investment law to attract more capital from abroad, Sergei Krasavchenko, Russian President Boris Yeltsin's economic adviser, said here yesterday. He said Russia planned to complete privatising its small companies in two to three years, and that
      AFP  -  65 words
    • Article
      Lock icon Shoe firm C&J Clark to remain in family hands
      86 1 Reuter LONDON Shareholders in major British shoe manufacturer C&J Clark Ltd, which has business interests on three continents, voted narrowly yesterday for the company to stay in family hands. Shareholders rejected by more than 52 per cent a resolution recommending the
      Reuter  -  86 words
    • Article
      Lock icon Cocaine cartel offers to break up empire
      76 1 AFP SANTAFE DE BOGOTA The reputed leaders of the Cali cocaine cartel were offering to dismantle their cocaine smuggling empire and would stand trial in return for being allowed to keep the colossal fortunes amassed in the drug trade, the newspaper El Tiempo
      AFP  -  76 words
  • Article, Illustration
    MARKET SUMMARY
    111 1 Stock market indices Friday Chant* Sill 1,774.82 -5.38 KLSE Composite 712.95 +6.49 Nikkei 20.***** +189.33 Hang Seng .6.798.34 2.82 SET Inde* 145.39 +0.26 Jakarta Composite ...315.08 +1.47 CLSA China B 1.269 12 +9.36 AustAUOrd 1,685.3 -6.6 FTSE 100 2.793 7 7.4 FrMa) Previous Ipoi ciosr Dow Jones 3,435.53
    111 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      27 1 a Lifestyle Cover Story Sinking funds into a watering hole EL I Singapore bus operator Tibs signs Ss46m deal to build luxury coaches in China, Page 5
      27 words
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      Page 1 Advertisements Column 2
      8 1 Malaysian properties Promises of guaranteed returns el 4
      8 words
    • Advertisement
      Page 1 Advertisements Column 3
      61 1 w CPF Investment Scheme Your questions answered EL 5 \•U V /".V'-iP™ V v K?5 '3k* GOLD Perpetual alcnJar Automatic gerald genfa irw I lie l.itrsl ollrt lion dirrc I Irom I In* lnlcrn.ilion.il .il< h lot k I .lir I MM K.islc. Sw il/crl.in<l \l I lie Hour <
      61 words
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      Page 1 Advertisements Column 4
      16 1 Hock Lock Si&f r Vs rff- J ri 1993 Q Shangri-La s snrmd'o] Secrecy Pg 5H
      16 words
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      Page 1 Advertisements Column 5
      65 1 Con versations at Raffles Rtijiq Jumabho w Scotts H/c/gs el 3 HSHT" vpy CONTENTS sfpore News 2 fponSST" 5.6 Regional News 3 Financial 7 World News 4 Futures Mirtwti Investment EL4.5 CW/USL SES 11.12 Opmons tt 2 tap** l 9 Sports 1114 Wortd -10 TV/Utestjde El 12 Currenaes 7 Regional
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  • SINGAPORE NEWS
    • SINGAPORE ROUNDUP
      • Article
        Medisave bill for self-employed
        56 2 THE Inland Revenue Authority of Singapore will tell selfemployed people what their 1992 Medisave eontributions should be. By mid-May, about 23,000 people will be sent letters telling them of their Medisave bill for the seeond half ot 1992. The amount is based on 3 per cent
        56 words
      • Article
        Road closure
        47 2 TWO ROADS leading to and from the Chin Swee Road Tunnel of the Central Expressway will be closed from midnight to 4am on May 10 and May 11 while the tunnel is cleaned. Motorists can use the Outram Flyover or the Clemenccau Ave exit instead.
        47 words
      • Article
        New URA helpline
        19 2 THE Urban Redevelopment Authority says its service improvement unit can now be reached toll-free on 1-800-221-2616.
        19 words
      • Article, Illustration
        Deng Pufang feted
        56 2 THE Singapore Chinese Chamber of Commerce and Industry hosted a dinner at the Westin Hotel recently for Deng Pufang, son of Chinese paramount leader Deng Xiaoping and chairman of the China Disabled Persons Federation. Bob Tan, senior catering manager of the Westin, is seen in the photo
        56 words
      • Article
        Giordano buys van for the paralysed
        40 2 GIORDANO raised $50,000 during a recent 27-day campaign to help buy a special van for the Society for Aid to the Paralysed, the clothing store and the National Council of Social Services said vesterday.
        40 words
    • Article
      NTUC: Part-time jobs not meant for full-time workers
      271 2 PART-TIME employment is not aimed at full-time workers but at the economically inactive like housewives and retirees, a union leader has said. There is no intention to "convert" full-time employees to part-timers, Goh Chee Wee, deputy secretary-general of the National Trades Union
      271 words
    • Article
      Lotus and Novell lay criminal charges to warn off pirates
      286 2  -  Two individuals charged for allegedly infringing copyrights By Corinne Kerk IN A MOVE to protect their intellectual property against pirates, leading software companies Lotus Development Corporation and Novell Inc have filed criminal charges against two individuals for allegedly infringing their
      286 words
    • Article, Illustration
      Lock icon Homing in on a hot Oasis
      308 2 TALK ABOUT a hot property market. By the time Pare Oasis, a Jurong condominium project, was open for booking yesterday afternoon, the overnight queue of 100 people had multiplied to about 500, all of them bent on getting one of the initial 210 apartments
      Photo by Arthur Lee  -  308 words
    • Article, Illustration
      Local furniture firm gears up for higher overseas sales
      303 2 LOCAL furniture company Hwa Tat Lee Manufacturing Pte Ltd (HTL) is gearing up for higher sales in Europe and Asia. It is also keen to expand into China, possibly in manufacturing. retailing and training. Cooperation with mainland Chinese companies is also
      303 words
    • Article
      France to spend $1.2 m in biggest trade promotion
      411 2  -  By Clarissa Tan SINGAPOREANS will be shown some joie de vivre and other more tangible French products in the largest French trade promotion effort here yet. In the French Festival from May 22 to June 6 $1.2 million will be poured
      411 words
    • Article
      Woodlands MRT construction on track as planned
      256 2 THE Woodlands MRT extension project is going well and the service should be operating by early 19%, Communications Minister Mah Bow Tan said yesterday. The time-table was tight, but he was confident that work would finish on schedule, he said during a visit
      256 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      1495 2 Juavvflvrt cfcra WW Indian Overseas Bank (Incorporated in Indta) Central Office, 762. Anna Salai, Madras 600 002 Balance Sheet As At 31 st March 1992 (000s omitted) PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.3.92 31.03.1992 31.03.1991 31.03.1992 31.03.1991 Schedule Rs. Rs Schedule Rs Rs CAPITAL AND LIABILITIES INCOME
      1,495 words
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  • THE REGION
    • Article
      S'pore-China panel to provide political impetus for investments
      374 3  -  From Yong Pow Ang in BEIJING SINGAPORE and China are likely to form a high-level co-ordinating committee to provide political impetus to the proposed investment in Suzhou and other township projects. Deputy Prime Minister Ong Teng Cheong disclosed this after separate meetings
      374 words
    • Article
      SNC supports appeal by Sihanouk to stop violence ahead of elections
      454 3  -  From Harish Mehta in PHNOM PENH THE Supreme National Council of Cambodia has supported an appeal by head of state Prince Norodom Sihanouk to stop violence, intimidation and fighting ahead of elections from May 23 to 28. In a
      454 words
    • Article
      Hun Sen gives Thailand his word on business contracts
      515 3  -  From Harish Mehta in PHNOM PENH THAILAND has won a major economic guarantee from Cambodian Prime Minister Hun Sen that if his party wins the coming elections and forms a new government, it will honour business contracts between Thai firms and
      515 words
    • ASIA NOTES
      • Article
        Lock icon Tokyo planning Clinton-Suharto talks
        63 3 Reuter TOKYO Japan plans to arrange a meeting in Tokyo between Indonesian President Suharto and US President Bill Clinton just before the July summit of the Group of Seven (G-7) industrial nations. Kyodo news agency yesterday quoted government sources as saying the meeting, if held, would
        Reuter  -  63 words
      • Article
        Lock icon Thai firms urged to move to suburbs
        70 3 Reuter BANGKOK Prime Minister Chuan Leekpai and Cabinet ministers yesterday launched an appeal to foreign and Thai investors to move out of Bangkok to shift wealth to impoverished rural areas. Projects set up in remote provinces will be exempted from import duties on
        Reuter  -  70 words
      • Article, Illustration
        Lock icon Workers on the war path
        47 3 Reuter BANGKOK Angry workers went on a two-hour rampage at a luxury condominium construction site in the Thai capital yesterday. They had clashed with guards hired by the building's owners. More than 1,000 workers dispersed after anti-riot police were called in. Reuter
        Reuter  -  47 words
      • Article
        Lock icon Kim orders probe of racket
        69 3 AFP SEOUL President Kim Young Sam yesterday ordered prosecutors to conduct a thorough investigation into the so-called godfather of South Korea's slot-machine business for possible payoffs of politicians and officials. A spokesman said Chung Duk Jin, 53, who reputedly controls over 70 per cent of
        AFP  -  69 words
      • Article
        Lock icon Zaire's diplomats in Japan unpaid
        45 3 Reuter TOKYO The government of Zaire has failed to pay the wages and expenses of its four diplomats in Japan for the past year, leaving them unable to meet their rent, telephone and other bills, African diplomats said yesterday. Reuter
        Reuter  -  45 words
    • Article
      Lock icon Japan may withdraw troops from Cambodia: report
      437 3 AFP Reuter TOKYO Faced with escalating violence in Cambodia and pressure at home, Japan is seriously considering withdrawing its peacekeeping troops from Cambodia and has already drawn up an evacuation plan. The Kyodo news agency, quoting defence ministry sources, said yesterday that senior
      AFP; Reuter  -  437 words
    • Article
      Lock icon Diplomatic row looms over alleged Jakarta role in abduction
      374 3 AFP SYDNEY The Australian government has asked for a transcript of a court hearing in which it was alleged that Indonesia helped Malaysian prince Raja Kamarul Bahrin Shah smuggle his two children out of Australia. The allegations arose as construction worker
      AFP  -  374 words
    • Article
      Lock icon International sanctions will hit N Korea hard: report
      179 3 AP SEOUL International sanctions would have a crippling impact on North Korea's faltering economy despite that country's low reliance on external trade, a South Korean government think-tank said yesterday. The Institute of Foreign Affairs and National Security also suggested in a report
      AP  -  179 words
    • Article, Illustration
      Lock icon Sri Lankan president invites rebel chief for peace talks
      355 3 Reuter COLOMBO Saying his first task was to unify his war-rav-aged country. Sri Lanka's new President Dingiri Banda Wijetunga yesterday invited a key Tamil militant leader for peace talks. Mr Wijetunga. speaking to reporters after his unanimous election by Parliament, said
      Reuter  -  355 words
    • Article
      Lock icon Johor gets M$ 200m investments from US firms
      235 3 Bernama WASHINGTON The Johor state government has secured Ms2oo million (S$ 125.6 million) worth of investments from American companies keen on venturing overseas because of the high cost of production at home. Chief Minister Muhyiddin Yassin, currently on a fivenation tour of
      Bernama  -  235 words
    • Article
      Lock icon Japanese food producers feel pinch of slowdown
      548 3 Bloomberg Business News TOKYO In the early stages of the slowdown here, food proeessors looked to be pretty much immune. That's because many people stopped splurging at high-priced restaurants and prepared more meals at home. Problem is, the Japanese are now cutting corners
      Bloomberg Business News  -  548 words
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  • THE WORLD
    • WORLD WATCH
      • Article, Illustration
        Lock icon The root of all home cures
        47 4 Reuter SEOUL A shop assistant in a Seoul department store displaying a 50-year-old mountain ginseng root which went on sale yesterday for 900,000 won (S$ 1,814). Korean ginseng, used as a pick-up remedy, is considered to be the world's finest. Reuter
        Reuter  -  47 words
      • Article
        Lock icon Two killed in UK dept store fire
        94 4 UPI LONDON A fire killed two people and injured 34 others in a large department store in central England yesterday, and police were investigating reports it was caused by a fire bomb. A man and a woman were found dead at the scene
        UPI  -  94 words
      • Article
        Lock icon Health plan debate must wait: Clinton
        84 4 Reuter WASHINGTON President Bill Clinton said on Thursday he agrees with Democratic leaders that congressional consideration of his health reform plan must wait until the House and Senate finish work on his economic plan. Congressional leaders aim to finish the tax and spending plan
        Reuter  -  84 words
      • Article
        Lock icon Racial melee among US students
        83 4 Reuter BOSTON Racial tensions in the South Boston neighbourhood which saw violent protests two decades ago over school bussing erupted on Thursday when black and white students hurled bricks and bottles at one another outside a high school. At least four people were reported injured,
        Reuter  -  83 words
      • Article
        Lock icon Rabin cancels visit to France
        79 4 AFP JERUSALEM Israeli Premier Yitzhak Rabin has cancelled a trip to France planned for Monday because of a crisis within his government. Officials said yesterday that he was to have visited Strasbourg at the invitation of the Council of Europe. Israel's ultra-orthodox Shas party has
        AFP  -  79 words
    • Article
      Lock icon Russian central bank blames govt for inflating budget deficit
      310 4 Reuter MOSCOW Russia's Central Bank has accused the government of inflating the 1993 budget deficit with extra spending plans, Interfax news agency said. "The Ministry of Finance is deliberately underestimating real budget expenditure and then submitting to parliament several additional expenditure
      Reuter  -  310 words
    • Article
      Lock icon Side deals will kill Republican support for Nafta: Senator
      413 4 Reuter WASHINGTON Republicans who have staunchly supported the North American Free Trade Agreement might reject it because of supplemental deals that could turn the pact into a "disaster", a leading Republican senator warned on Thursday. "There are 27 senators who want
      Reuter  -  413 words
    • Article, Illustration
      Lock icon Americans now want US troops in Bosnia: poll
      334 4 Reuter NEW YORK Americans are widely divided over how the US should handle the crisis in Bosnia but an ABC News poll taken on Thursday signals public opinion could be shifting in favour of military intervention. The ABC poll found that 61
      Reuter  -  334 words
    • Article
      Lock icon E German strike spreads as union prepares for protests in west
      323 4 Reuter BERLIN The five-day-old engineering and steel strike in eastern Germany spread yesterday and the powerful IG Metall union said industrial protest actions would spill over into western Germany next week. IG Metall, Germany's largest union, said it was
      Reuter  -  323 words
    • Article
      UK Conservatives routed in ballots for county councils
      377 4  -  From Neville Stack in LONDON PRIME MINISTER John Major's Conservative Party suffered a stunning election defeat yesterday that followed a rout in ballots for county councils. The centrist Liberal Democratic Party overturned a 12,337-vote government majority in Newbury a traditional Conservative stronghold
      377 words
    • Article
      Lock icon London steps up efforts to get runaway Polly Peck chief back
      495 4 Reuter LONDON The British government stepped up diplomatic pressure to win the return of runaway entrepreneur Asil Nadir yesterday, calling in the Turkish ambassador to ask his government to exert its influence. Nadir, former head of the mini-conglomerate Polly
      Reuter  -  495 words
    • Article
      Lock icon Business is booming down in Hongkong of the Americas
      497 4 But Panama FTZ faces new challenges with erosion of trade barriers Reuter COLON FREE ZONE, Panama Each year, billions of dollars in camcras. liquor and clothing change hands at this Caribbean trade centre, which has made Panama the free trade hub
      Reuter  -  497 words
  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
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      87 words
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  • COMPANIES & MARKETS
    • Article
      Tibs enters China venture to assemble tour coaches
      415 5  -  Germany's Mercedes-Benz to provide the technology From Yong Pow Ang in BEIJING SINGAPORE bus operator Tibs Holdings has joined forces with a Beijing company to assemble luxury tour coaches in China. The deal the first major overseas venture for the Sin-gapore-listed eompany
      415 words
    • Article, Illustration
      The road to China
      757 5  -  By Rahita Elias SINGAPORE Tibs Holdings' Chinese name, Ba Da, describes it better now than ever before. Like the name, which means "going places", the diversified transportbased group is on the move, and its destination is China. The listed group, which rose from the ashes of
      757 words
    • Article
      Shangri-La should shed more light on its activities
      694 5  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE If there is a comment in the latest Shangri-La annual report that will irk its shareholders, it must be the one by Goh Soo Siah in his chairman's statement: "The company will continue to
      694 words
    • Article
      UOB to streamline operations and look for new niches
      455 5  -  By Magdalene Ng SINGAPORE The United Overseas Bank (UOB) group is streamlining its operations and seeking new niches as competition stiffens. Chairman and chief executive officer Wee Cho Yaw said in the group's 1992 annual report. released this week, that banks
      455 words
    • Article
      Tuan Sing plans to build high-rise apartment block in Shanghai
      236 5 SINGAPORE Tuan Sing Holdings has joined the growing list of Singapore companies investing in China by announcing plans to build a high-rise luxury apartment block in Shanghai. The proposed development will be the property and construction group's first foray into
      236 words
    • Article, Illustration
      Lock icon SUMMARY
      389 5 Source: Bridge Info Performance of STII's index stocks May 7 Last Sense Index Slack sale hie (actor aoitn <$) Asimo 2 280 -0 030 I 80 7.79 C4M 7 300 0150 5.75 -38 96 Ccrcbos 5 250 -0 100 4 14 25 97 FAN 11 200 -0 200 8
      Source: Bridge Info  -  389 words
    • COMPANIES
      • Article, Illustration
        Thai trading firm takes 51pc stake in Lao Brewery
        283 6  -  By Harish Mehta SINGAPORE A Thai trading firm has bought 51 per cent of the only brewery in Laos, after a planned deal between the Laotians and the maker of the French Fisher beer fell through. Loxley Ital Thai paid US$lO.2
        283 words
      • COMPANY BRIEFS
        • Article
          Hour Glass to buy Tong Building space
          65 6 SINGAPORE The Hour Glass l td announced yesterday that it would buy the 11th floor of Tong Building in Orchard Road for $7,382 million. It will use the 638 sq m of space to house its corporate headquarters now at the Yen San
          65 words
        • Article
          Lock icon Keck Seng's pre-tax profit up 76pc
          81 6 Bernama KUALA LUMPUR Keck Seng (Malaysia) Bhd has recorded a group pre-tax operating profit of M 566.66 million (5541.86 million) for the year ended Dec 31. 1992, an increase of 76 per cent from M 537.79 million in the year before. Group sales improved
          Bernama  -  81 words
        • Article
          Lock icon Shanghai's Ist B listing oversubscribed
          60 6 Reuter HONGKONG Shanghai Jinqiao Export Processing Zone Development Co Ltd's USS3B million (SS6I million) worth of B shares were 10 times oversubscribed, an official at international coordinator Jardine Fleming Securities said. "It is the first Pudong (a Shanghai district) developer to have a (B) listing...
          Reuter  -  60 words
        • Article
          Lock icon Selangor Prop to build all-suite hotel
          81 6 Bernama KUALA LUMPUR Cash-rich Selangor Properties Bhd will build an all-suite hotel costing an estimated MSBO million (SSSO million) along Jalan Batai. Damansara Heights, to cash in on the demand for apartment-cum-hotel style accommodation among the elite. Group general manager Lai Mei Ling said
          Bernama  -  81 words
        • Article
          Lock icon Kinta Kellas signed MOU: Renong
          72 6 Bernama KUALA LUMPUR Renong Bhd said it was Kinta Kellas pic which had signed a memorandum of understanding with Philippines' Exchange Capital Corporation for a USSIBO million (SS29O million) joint venture to build a highway linking Manila to Cavite province. Renong was replying to a
          Bernama  -  72 words
        • Article
          Lock icon Shangri-La (M) acquires Pantai Emas
          65 6 Bernama KUALA LUMPUR Shangri-La Hotels (Malaysia) Bhd said it has acquired the entire issued and paid-up capital, comprising two ordinary shares of MS 1.00 each, of dormant company Pantai Emas Sdn Bhd for M 52.00 cash. SHMB proposes to set up a central laundry operations
          Bernama  -  65 words
      • Article
        Far East Levingston's cash reserves fall to $57m
        380 6  -  By Rahita Elias SINGAPORE Rigbuilder Far Last Levingston Shipbuilding (Lels) last year dipped into its cash hoard, with its treasure trove dropping from 5i62.3 million in 1991 to 557 million in 1992. The figures were revealed in the company's latest annual report
        380 words
      • Article
        S'pore Aerospace to focus on regional business and strategic alliances
        353 6  -  By Rahita Elias SINGAPORE Singapore Aerospace is jumping onto the regional bandwagon. In its 1992 annual report, released this week, chairman Lim Hock San says: "The high growth region, in contrast to the more mature markets in America and Western
        353 words
      • Article
        Lock icon Jakarta's first stock delisting small price to pay for reform
        391 6 Reuter JAKARTA The Jakarta Stock Exchange (JSE) has raised a few eyebrows with its first delisting of a local stock, but most analysts said the uncertain fate of shareholders was a small price to pay for cleaning up the exchange's
        Reuter  -  391 words
      • Article
        Lock icon Charoen Pokphand seeks car venture in China
        295 6 Reuter BANGKOK The Charoen Pokphand Group (CP) is negotiating with existing foreign carmakers in China to form a joint venture to produce cars, the first such venture for Thailand's biggest business group, the company said. It said it will make the decision on
        Reuter  -  295 words
      • Article
        UNIT TRUSTS & FUNDS
        527 6 UNIT TRUSTS FUNDS Manager* prices <S> May K 10 Prudential Singapore Unit Trust Pnjl,nl M d tund 1 (N 115 The tomrm-ae I U I 41 MARA-Bumiputra the Savings fund I IK I 24 f.rstBnutra I M I VxJ Spore Pro* fund OM 0 J7 rirstHputra I SI I MM
        527 words
      • Article
        DIVIDENDS ANNOUNCED
        1581 6 Payment K\ Books Pa> date close dale Acma F 7.5 Jun 10 Jun 22 Jul 5 Apollo F 2.5 Jun 21 Jun 25 Jul 15 Bou stead 50* I 7.5 Apr 22 May 7 Jun 4 B Raya F 3 Ma> 25 Jun 1 Jul It Cathav Pac
        1,581 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Taiwanese allowed to open joint-venture bank in China
        324 7 AFP TAIPEI Chinese President Jiang Zhemin has agreed to allow Taiwan financial institutions to open a joint-venture bank on the mainland and conduct Chinese yuan currency business there. The China Times reported yesterday that Mr Jiang conveyed his decision during a meeting
        AFP  -  324 words
      • Article, Illustration
        Finance companies headed for another year of growth
        225 7  -  By Soh Tiang Keng SINGAPORE Singapore's finance companies, which are reaping the benefits of low-cost funds, are likely to show another period of growth and profitability this year. This is the forecast of Teo Sok Nguang. chairman of the Finance Houses Association
        225 words
      • Article, Illustration
        Dollar outlook still bearish
        402 7 DBS weekly currency review USS/DM: In corrective phase The greenback traded lower from early this week, from Monday's high of 1.5945 to a low of 1.5690 on Tuesday before recovering slightly to 1.5710 on Friday morning. Although the outlook remains bearish for the US dollar, the
        402 words
      • Article
        Lock icon Profits of foreign brokers in Tokyo expected to fall
        323 7 Reuter TOKYO Profits at top foreign brokerages in Japan are seen falling in the year ended March 31 as a leaden stock market and shrinking opportunities in program trading take their toll. The financial daily Nihon Keizai Shimbun said on Friday
        Reuter  -  323 words
      • Article
        Lock icon Aussie funds shifting more money into Asian stocks
        293 7 Bloomberg Business News SYDNEY Fund managers in Australia are inereasingly shifting money into Asian equities in a bid to benefit directly from the fastest growing region in the world. National Mutual Life. Australia's second largest life insurance group with about AS2S billion
        Bloomberg Business News  -  293 words
      • Article
        Lock icon Oil prices hold above US$l9 per barrel
        381 7 ENERGY REPORT Reuter LONDON World oil prices held above the psychological level of US$l9 a barrel as the first week of May ended but the market could not find the strength to break sharply higher. London June futures for the benchmark crude oil.
        Reuter  -  381 words
      • Article, Illustration
        Untitled
        1400 7 I nuU-mivhhJ inJr\ aUulahil S'pm■'% lop 14 iiLkfmg partner* ffcln >.w /W USS/SS forward rates Noon May 7 Bid Offer 1-month 1.6113 1.6128 2-month ***** ***** 3-month 1.6118 ***** 6-month ***** 1.6140 &ntr (K IK Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am yesterday: Singapore dollars to one unit
        1,400 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        183 7 THE US$/\cn opened in Tokyo yesterday for the first time on historieal records below 110 yen. Continued intervention by ihc BOJ only barely managed to keep the rale above 110. Trading in the US$/S$ market was very mixed yesterday confined basically to a range of
        183 words
      • Article
        Lock icon London
        188 7 Reuter LONDON The pound ended higher on foreign exchanges yesterday despite British Prime Minister John Major's hammering in elections while the dollar was vulnerable after mixed US employ ment figures. In its first test of popularity since a general election victory in April 1992, Mr Majors Conservatives were left
        Reuter  -  188 words
      • Article
        Lock icon New York
        89 7 AFP The dollar was almost unchanged yesterday in New York in light trading following the release of US unemployment figures for April, which showed the unemployment rate unchanged at 7 per cent, with 119.000 jobs created. At 9:ooam (1300 GMT), the dollar traded at 1.5730 marks, unchanged from
        AFP  -  89 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars end steady ahead of US data
        1490 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended steady as dealers stayed mostly sidelined ahead of the scheduled release of US payroll and unemployment data at 1230 GMT. "There was a little positionsquaring from out of London but otherwise the market was extremely
        Reuter  -  1,490 words
      • Article
        KL tin closes up on low offers and higher London market
        995 8 COMMODITIES REPORT Tin TIN closed seven sen up from Wednesday at MS 14.13 akg after a higher London market prompted local buying. The market was closed on Thursday. I raders said a low offering of 19 tonnes, against 40
        995 words
    • Article
      COMMODITY PRICES
      1650 8 Rubber RAS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S ccnls/kg) (lose Volume Open Month High Low Sell (tonnes) Interest Jun 93 131.25 I "*1.25 131.00 500 4 250 Jul 0 00 0.00 132 00 350 4.375 Aug 0.00 0 00 133.00 100 5.300 Sop
      1,650 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1077 9 -6.6 STOCKS drifted down at the close after being driven higher for two days by strong interest in banks and gold stocks. The key market indicator failed to pierce the 1.700point level this week, despite edging close when the market rallied in early morning trade before running out of
        1,077 words
      • Article
        Manila
        541 9 10.41 Share prices shot up on bar-gain-hunting yesterday after correcting on Thursday as the market resumed a bull run that began last week. Brokers anticipated profit-taking, but investors decided to load up on the slight dip in prices. Excess liquidity added more fuel, stock analysts said. The Manila Composite
        541 words
      • Article
        Taipeh
        561 9 +80.94 Share prices ended higher on continued speculation that the central bank might ease monetary policy this month. The Weighted Index opened higher and ended 80.94 points up at 4,573.42. Turnover was a moderate NT530.53 billion. Hopes for a rate cut were triggered by good inflation data announced on
        561 words
      • Article
        Seoul
        449 9 -6.95 The stock market showed no sign of shattering a deep consolidation period with profittaking emerging across the board. Brokers said institutional support in the afternoon failed to buck the trend. Analysts expected the market to try to rebound around the psychological 700 level tomorrow but said it would
        449 words
      • Article
        New Zealand
        288 9 -0.75 Shares ended steady on moderate turnover as the market continued to consolidate after Tuesday's 30-point shakeout. The NZSh-40 Capital Index was 0.75 point lower at 1,578.34 after earlier dipping to 1.573.76 on turnover worth NZS27 million. Foreign interest, after selling late last week and early this week,
        288 words
      • Article
        Bombay
        49 9 50.54 Share prices rose for the third consecutive trading session, leading speculators to believe the drawn out slump had petered out and that prices would now move up gradually, brokers said. The BSE Index climbed 50.54 points to close at 2,219.24. The National Index rose 30.46 to 978.80.
        49 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        719 9 Britannia Funds Slrtlint (a*h Bid Offer Slim jp oMm Mi in Jcrso «.ill u 11 MiK) Mini Mj« liKonif -II->•*«! *10)00 I S> ash liKiimc in 41tm HI 1"im PN S Rirscrvc I und 5 :UW S 2U*» Sterling t quilt Furo Pcit.icmaiK* 0 4V»; II 4'ilx l... Ij.IIuni *3.mm
        719 words
      • Article
        London
        599 9 7.4 Late talk of a renewed bid by Cadbury Schweppes for United Biscuits and modest buying for the new account. starting Monday, helped put a shine on prices, leaving the USE 100 index 7.4 points up at 2,793.7, the best for day. Gainers led losers narrowly by 49 to
        599 words
      • Article
        Paris
        151 9 -41.92 Jitters about Denmark's May 18 Maastricht vote, rotten first quarter sales figures and continued, steady selling from US and UK funds drove the CAC-40 down. Dealers said the market seemed to find a floor around 1,870, but noted it briefly slipped below this and some said it may
        151 words
      • Article
        Stockholm
        67 9 -0.28 pc Swedish shares eased yesterday in a wait-and-see mood in a technical reaction to Thursday's gains. The All-Share Index was down 0.28 per cent at 1,048.78 in turnover worth 452 million kroner. Stockholm Ma* 7 str km 4>;.b» \sin toon MkiUpa I2B« s liKwm M2.00 I2W I \jh
        67 words
      • Article
        Frankfurt
        153 9 -11.34 Shares ended at lowest closing level since F eb 4 yesterday after the cash market traced the DAX future's path downwards. Cash market lacked major client orders and its own trading incentives. Weak demand and some small sell orders caused sentiment to deteriorate, and the market was unable
        153 words
      • Article
        Brussels
        134 9 -6.53 Belgian shares closed off their lows yesterday on late buying in selected stocks on the first day of the forward account, but dealers saw few fundamentals in the rise. The Belgian National Bank's cut in its central money market rate to 7.40 per cent from 7.50 per cent
        134 words
      • Article
        Johannesburg
        312 9 +6 Shares ended little ehanged yesterday after slowly paring earlier gains, with investors reluetant to take or hold positions ahead of the weekend. "We eould well eome back on Monday to find the gold price way down." a dealer said. He added the gold share market was looking fully
        312 words
      • Article
        Milan
        130 9 +6.00 Stocks ended mixed yesterday, with individual shares going their own way in a trendless market.traders said. They said the strong lira was supporting the market but that this effect was being counteracted by caution ahead of the vote of confidence the government is facing, which could come last
        130 words
      • Article
        Amsterdam
        234 9 +0.08 Dutch shares closed mixed to firmer yesterday, nudging up late from earlier lows after the central bank cut a money market rate to 7.4 per cent from 7.5 per cent. But market undertone described fragile and stocks seen weakening next week. Defensive stocks like Unilever and Heineken looked
        234 words
      • Article
        Zurich
        226 9 -1.1 Swiss shares closed little changed yesterday after fluctuating in a narrow range all day. Trading was dull apart from business in Roche shares which were boosted by several buy recommendations and op-tion-related buying. Warrants on Roche bearers. 36 francs higher at 3(X). topped the active list. The underlying
        226 words
      • Article
        Toronto
        258 9 5.85 Stocks softened in earlydealings yesterday after news that Canada April unemployment rose to 11.4 per cent shook market confidence in the fragile recovery. TheTSE 300 fell 11.35 points to 3.783.39 on turnover of 8.3 million shares valued at C 585.6 million. Declines outstripped advances 165 to 159 with
        258 words
      • Article
        New York
        738 9 -7.20 Wall Street stocks were slightly lower yesterday as worries about the economy and the military conflict with Bosnia swayed trading ahead of the weekend. The Dow Jones was down 6.37 points to 3.435.53 at Ipm EDT. Stocks closed modestly lower in quiet trading on Thursday as cautious
        738 words
    • Article, Illustration
      Lock icon HONGKONG
      3179 10 Reuter Stocks closed a fraction higher after trading within a tiny range yesterday. The blue chip Hang Seng Index edged up 2.82 points at 6.798.34 after moving in a 33-point range. "Movement of the Hang Seng (Index) today was dominated by positions taken on three stocks HSBC Holdings. Hutchison
      Reuter; Source: Bridge Info  -  3,179 words
    • Article, Illustration
      CHINA
      482 10 THE Shenzhen A market declined slightly yesterday in mixed trading. There were substantial gains for two of the new listings Tian Di and Chiwan Wharf. The CLSA Shenzhen Index was down 7.60 points to close at 2,857.77. The Shenzhen B market was very sluggish yesterday. Only the dramatic rise
      482 words
    • Article, Illustration
      Lock icon TOKYO
      2464 10 Reuter Stocks ended firmer in see-saw trade yesterday, with the Nikkei Average closing at the day's high. Profit-taking was seen as the dollar fluctuated earlier below 110 yen. But underlying bullishness fuelled buying of selected individual issues, brokers said. "Foreign investors are buying actively and are net buyers at
      Reuter; Source: Bridge Info  -  2,464 words
    • Article, Illustration
      Lock icon BANGKOK
      1832 10 Reuter BANGKOK Stocks lost almost all earlier gains at the close yesterday on selling of big banks on profit-taking after their strong rise on Thursday. brokers said. The SET Index ended 0.26 points higher at 845.39 on thin turnover of 3.09 billion baht. The index rose to the day's
      Reuter; Source: Bridge Info  -  1,832 words
    • Article, Illustration
      Lock icon JAKARTA
      1072 10 Reuter SHARE prices dosed higher in active trade, brokers said. The Official Index reached a year high, surging 1.47 points up to close at 315.08. "The market was getting active by midday, focusing on consumer stocks which had driven up prices." a trader said. Indocement local jumped 750 rupiah
      Reuter; Source: Bridge Info  -  1,072 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2712 11 Source: Bridge Info Source: Bridge Info <.r lir 1942/9* ljisi Vol L)a> 1 awl Quote l»i» l)i» Net M Cap Itjgh Low (i>mpan\ Sale t «MI) High Lam Bu>er Seller S (>l N P/K Smil MALAYSIAN STOCKS i» i() 1 MSB Mk" 30xd uiKh 3 132 130 '30
      Source: Bridge Info  -  2,712 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Untitled
        5084 11 Source: Bridge Info INDICES TURNOVER Clow Previous t haw K.LSE Composite .712 45 706 46 6 44 NST Industrial 4081 76 4056 22 *25.54 NST Finance 4604.72 4534.23 +70.49 NST Properties 1437.81 1429 42 +8 34 NST Tins 808 61 794 46 +9 15 NSTSRuhbcrs*****0 3744 71 66 79 I
        Source: Bridge Info  -  5,084 words
      • Article
        Lock icon Prices close mixed to steady on active trading
        259 11 Bernama THE Kuala Lumpur Stock Exchange closed narrowly mixed to slightly steadier in active trading on further speculative buying aimed at selective blue chips and situational stocks. Prices, however, succumbed to late prof-it-taking as investors began to reap profits ahead of the
        Bernama  -  259 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Malaysian stocks surge on re-rating
        1111 12  -  By Magdalene Ng SINGAPORE A rc-rating of Malaysian stocks sent them hack into the limelight yesterday after a day's respite when Singapore situational stocks emerged to share the stage. Counters like Asia Pacific Land. Promel. Renong, Kemayan and North Borneo Timbers dominated the top actives
        Source: Bridge Info  -  1,111 words
      • Article
        Untitled
        6404 12 MAIN BOARD (rf Gr 1992/93 Last Vol D»> Last Quote Di* Di» >« M Cap INflUStfflAL ANDSCOMMERCIAL lW0> H h U S S P E 700 170 Aetna 690 cd +35 1405 700 650 690 700 12.5 2.1 18 29.9 431.0 2>0 210 s Alex Hides 50c 220 6.0 2.6
        6,404 words
      • Article, Illustration
        Lock icon Lingui Development
        65 12  -  HOT STOCK Paul Leo LINGUI Development surged 84 per cent to 5i.45 yesterday from 79 cents three weeks ago and is poised for a correction. Monthly and weekly RSIs above 75 and a daily RSI at 100 indicate an overbought condition. Stochastics near 100 indicate the same. The
        Source: Bridge Info  -  65 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      962 5 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Kwong Kum Yuen of Blk 23 #07-509 Bcndcmecr Road Singapore 1233, have applied for a Public House,Fint Class Licence in respect of premises at M/S Limes Tea Chapter at 38 Siglap Drive,
      962 words
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      Page 5 Advertisements Column 2
      145 5 IN THE MATTER OF THE COMPANIES ACT. CAP. S8 MANCHU DYNASTY PTE. LTD. (Member*' Voluntary Liquidation) At to Extraordinary General Meeting of the memben of Manchu Dynasty Pie. Ltd. held at S Kaki Bukit Road 2*ol-34 Ruby Warehoute Complex Singapore 1441 oo 7th May 1993 at 10 00 aj&., the
      145 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      190 6 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX.734 3698 r- —n We invite applications for the position of: The position calls for a mature, dynamic and resourceful person who is marketing oriented and has held senior management position in an organisation which deals in the import and distribution of branded
      190 words
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      Page 6 Advertisements Column 2
      14 6 Find the job k that suits you I in TheStaiitsTimes I V. APPOINTMENTS 1
      14 words
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  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      568 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. SO SSANGYONG DIGITAL Vn (S) PTE LTD (Members' Voluntary Liquidation) NOTICE or FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Scction 308 of the Companies Act, Cap. 50 that the Final General Meeting
      568 words
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      Page 8 Advertisements Column 2
      35 8 As and when the latest London/ Rotterdam prices are not available, the previous trading da>'s closing figures are carried instead Make new business contacts through classification 203 in The Straits Times $V[ Classified. c.a.ta 17?7-"66
      35 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      76 11 A STANDARD WAY TO DO BUSINESS IN THE 1990s Already a multi-billion dollar business worldwide, it seems to be almost non-existent in the region. BusinesslT discovers that it s actualh thriving, but in a slightly ditlerent form. W hat is it? IT'S KIND OF SCARY Actually Bill Gales was talking
      76 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      29 12 See the exciting range of Mitsubishi cars today... while stocks last. Cycle A Carriage Automotive Pte Lid. 253 Alexandra Rood, Singapore 031 S. W: *****22. JL C*tl A CAMMOI
      29 words
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  • SPORTS
    • Article, Illustration
      Lock icon Streuver, Olazabal, Brand share lead in Benson-Hedges Open
      448 13 Golf Reuter ST MELLION, England An unheralded German with a bad back and a good chipping touch upstaged the stars when the Benson and Hedges International Open began on Thursday. Sven Streuver, a 25-year-old from Hamburg, kept German golf in the headlines
      Reuter  -  448 words
    • Article
      Back-stabbing week marking return of Red Devils, Suns and Lions
      682 13  -  By Shahiron Sahari SINGAPORE Rivalries more often than not involve some form of back-stabbing, but what happened to Monica Seles in Hamburg last Friday was simply ridiculous. Seles, happily minding her own business at a changeover in a German Open
      682 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Baseball
        37 13 Reuter NEW YORK Major I>eague results on Thursday American I>eague: Oakland 6 Boston 3: California 3 New York 1; Seattle 9 Cleveland 5; Toronto 10 Baltimore 8. National: Cincinnati S Houston 4; Atlanta 13 Colorado 3.
        Reuter  -  37 words
      • Article, Illustration
        Lock icon Golf
        318 13 Reuter Reuter Reuter ST MELLION, England Leading first round scores in Benson and Hedges International Open on Thursday (GB unless stated): 67 Gordon Brand Jr. Jose Maria Olazabal (Spn), Sven Struever (Ger) 68 Vijay Singh (Fiji). Mark James 69 Barry Lane, David Gilford, Paul Broadhurst, Gordon J. Brand. Joakim
        Reuter  -  318 words
      • Article, Illustration
        Lock icon Ice hockey
        36 13 Reuter NEW YORK Second-round NHL Stanley Cup playoffs on Thursday Patrick Division finals: Pittsburgh 3 NY Islanders 1 (Pittsburgh leads bcst-of-scven series 2-1). Adams: Montreal 4 Buffalo 3 (OT) (Montreal leads series 3-0). Reuter
        Reuter  -  36 words
      • Article, Illustration
        Lock icon Tennis
        217 13 Reuter Reuter Reuter HAMBURG German Open men's clay-court championships third round on Thursday (prefix denotes seeding): Bernd Karbacher (Ger) b 2-Boris Becker (Ger) 6-3 6-4; 6-Michael Stich (Ger) b 11Thomas Muster (Austria) 7-6 (7-4) 2-6 6-1; Andrei Chesnokov (Rus) b Marc Goellner (Ger) 6-1 4-6 6-3; Emilio Sanchez (Spn)
        Reuter  -  217 words
    • Article
      Lock icon NY Knicks move into Eastern semi-finals
      415 13 AP NEW YORK The visiting New York Knicks advanced to the Eastern Conference semi-fi-nals with a 109-100 victory over Indiana as Doc Rivers hit three 3-pointers in overtime on Thursday night. The Knicks, who won the best-of-5 series 3-1, will play Charlotte in the
      AP  -  415 words
    • Article, Illustration
      Lock icon Look out below
      50 13 NBA playoffs Reuter INGLEWOOD, California Los Angeles Lakers' Made Divac pulling down a rebound on Thursday as the Phoenix Suns' Mark West shields himself from the landing Divac in the first period of the NBA Western Regional Playoffs here. The Suns' Richard Dumas (right) looks on. Reuter
      Reuter  -  50 words
    • SIDELINES
      • Article, Illustration
        Lock icon No 2 seed Becker beaten by Karbacher
        116 13 Reuter HAMBURG Top two seeds, Stefan Edberg and Boris Becker, were both knocked out of the German Open men's clay-court championship by unseeded opponents in the third round on Thursday. Top seed Sweden's Edberg at least put up a strong fight before succumbing
        Reuter  -  116 words
      • Article
        Lock icon Lowery takes lead in Atlanta Classic
        121 13 Reuter MARIETTA, Georgia Unheralded American Steve Lowery continued his love affair with Atlanta Country Gub when he fired a seven-under-par 65 to lead after the first round of the Atlanta Classic on Thursday. Lowery took advantage of ideal morning conditions to compile eight birdies
        Reuter  -  121 words
      • Article
        Lock icon NBA's Jordan twists ankle
        96 13 AFP CHICAGO Michael Jordan suffered only a slight sprain when he twisted his ankle on Tuesday night as the Chicago Bulls wrapped up victory in the first round of the NBA play-offs. "He had minimal swelling overnight, virtually none," said Bulls trainer Chip Schaefer, adding that
        AFP  -  96 words
      • Article
        Lock icon Many obsessed fans out there: Evert
        105 13 Reuter NEW YORK Former women's champion Chris Evert says there are a lot of "obsessed" fans in tennis and while the recent attack on Monica Seles was revolting, threats to personal safety come with life as a celebrity. "There are a lot of threats.
        Reuter  -  105 words
      • Article
        Lock icon O'Neal is NBA Rookie of the Year
        79 13 Reuter NEW YORK Shaquille O'Neal of the Orlando Magic was named 1993 National Basketball Association Rookie of the Year by an overwhelming margin, the league announced on Thursday. O'Neal was a near-unanimous choice for the award, garnering 96 of a possible 98 first
        Reuter  -  79 words
      • Article
        Lock icon Golf mementoes go under the hammer
        67 13 Reuter LONDON Golf memorabilia belonging to former South African star Bobby Locke is expected to fetch £200,000 (*****,380), auctioneering house Christie's said on Thursday. Christie's is billing the 150 lots due to go under the hammer on July 9 as the largest collection of
        Reuter  -  67 words
    • Article
      Lock icon Big money leads to a new attitude
      642 14  -  Top athletes nowadays are striking better deals for themselves, reports W D Tviurray W D Murray Bloomberg Business News SAN FRANCISCO There once was a natural progression in professional sports. Near the end of his playing days, the ageing superstar would be eased
      Bloomberg Business News  -  642 words
    • Article, Illustration
      Lock icon Tucker in top form for fight with Lewis
      85 14 Reuter LAS VEGAS Challenger Tony Tucker celebrating on Thursday after effectively chasing WBC heavyweight champion Lewis from the stage at a press conference, leading up to their fight tonight. TALE OF THE TAPE: LEWIS Born: Crayford, England. Age: 27. Record: 22-0 (19
      Reuter  -  85 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1739 13 aty FlgM CIA F*M ETD Mm DteaM GA929 1120 Adelaide 2120 Amman RJ187 0135 Amsterdam KL837 1445 KL838 2310 SQ323 1725 flartiland NZ21 1820 NZ22 1935 SQ286 2030 C23HI GF148 0905 Sari Begawaa Bt421 1105 SQ182 0915 SQ181 1410 BI422 1205 B1429 2030 BJ430 2125 Bangkok
    1,739 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      47 13 I < Fly Finnair's newMD-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.
      47 words
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      542 14 Vessel Voy No Berth Arrival Departure Vessel Voy Wo Berth Arrival Departure Jurong Port Yuheng 9303 P03 alongside 08 06/0600 Arktrs Breeze 13 0805/2300 Batam Baru B239 P01C 07 05'0900 07 05/2300 Auha Seraya AS/11/93 13 alongside 08 05/2000 C Y 0 Connor 68 P04 0&05/0900 0905/1500
      542 words
    • Article
      CONTAINER SCHEDULES
      2232 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers avaiablc Ship Voy No Container* available Sea Glory SGY15S 06 05 93 0700 Chekhov S COO(EST) *****3 1500 Arktis Grace 9318N 06.05 93 0724 Aa lade 1356 COO(EST) 07
      2,232 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      363 14 1 CRYPTIC CROSSWORD in md 29 Bucks ducks (9) 15 Tax to be paid at the Post YESTERDAY'S SOLUTION DOWN Office? (5-4) ■oMpMmMa— 2 Widow, about 51, on court (6) Scheme b\ extra-terrestrial 3 Lets us get beaten up in a going over a number otlines scuffle (6) °f certain
      363 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon US grip on ADB may hurt members
      1283 15  -  26th annual meeting of the ADB From Anthony Rowley in MANILA THE United States wants the Asian Development Bank to direct its lending in future towards "strengthening the institutions of democracy" in the region. More pragmatic Asian shareholders led by Japan, the biggest
      Reuter  -  1,283 words
    • Article
      Lock icon Japan asserts claim to Asian leadership
      525 15 AFP MANILA The recently concluded Asian Development Bank (ADB) annual meeting here has underscored Japan's growing claims to leadership in a region where US dominance is perceived to be in decline. Friction between Tokyo and Washington surfaced at the annual Asia-Pacific financial reunion when
      AFP  -  525 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      619 15 J4L 1 I Category Men's Men's Men Women's Women's Women Open Junior Veterans Open Junior Veterans (No age (20vrs<c (40yre& (No age (20yrs& (35yis Ac Team Entry Event Code I —i —i (Individual/Team) No Team Name (if any)' ~\"J ~I j j 1 1 J_L.T E 'Five persons may form
      619 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Sinking funds into a watering hole
      1783 17  -  Shahiron Sahari finds out why pubs are springing up all over Singapore and what it takes to open one Shahiron Sahari WHY would anyone want to open a pub? These public houses seem to be sprouting up all over Singapore and when one succeeds,
      Lau Fook Kong  -  1,783 words
    • STRAWS IN THE WIND
      • Article
        Counting the cost
        64 17 CONTRARY to what some people might think, news stories are written, not bought. A reporter called a shipbuilder saying he wanted to write an article about a contract it had just won, but the company's public relations officer kept saying: "No". A few minutes later, she called
        64 words
      • Article
        Dream kit
        51 17 WHEN reporters want information, they get it. A reporter who asked for a press kit at a function not only got the kit, but the PR officer's own handwritten draft of the papers, plus additional notes meant for her assistant. The only thing that wasn't included was a
        51 words
      • Article
        Hope on
        88 17 "NEVER say die" could be the policy of one shipping company which recently released its annual report. The report said the company "enjoyed another challenging and productive year in 1992. Turnover achieved was $102.7 million, a 57 per cent decline over 1991". Uh, say what? This explanation follows:
        88 words
    • OPINIONS
      • Article, Illustration
        The geisha seeks a beau
        1000 18  -  Tye Kim Khiat finds Japan developing a cosier relationship with Australia as the economic superpower redefines its strategic interests in the region Tye Kim Khiat The writer is a Melbourne-based journalist who contributed this commentary to BT THE GEISHA that is Japan is far less
        1,000 words
      • Article, Illustration
        Is this the end of fashion as we know it?
        965 18  -  Karim Raslan sees ominous signs of a retail shake-out in Singapore as new fashion trends head towards Asia Karim Raslan The writer is a Kuala Lumpur-based journalist who contributed this commentary to BT AS ASIAN consumers load up on high-fashion
        965 words
      • Article
        No end to the bloodshed in sight
        1009 18  -  As the Bosnian Serbs continue being belligerent and intransigent, Neville Stack says restoring a balance of power will be seen as the only practical thing to do now Neville Stack The writer is a UK-based journalist who contributed this commentary to BT THE
        1,009 words
      • Article
        Disquieting fund-raising
        191 18  -  LETTER TO THE EDITOR Ng Geok khim THE recent fund-raising exercise by Haw Par through United Overseas Bank is disquieting. Haw Par is borrowing $100 million from UOB at 2 per cent interest. UOB in turn collects $15.41 million from Haw Par shareholders by selling them the warrants
        191 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Talking shop
        2262 19  -  Rafiq Jumabhoy, managing director of Scotts Holdings, tells Margaret Thomas what is wrong with Singapore's retail industiy and looks back on a childhood that allowed him to rub shoulders with the well-known personalities of the day CONVERSATIONS AT RAFFLES Margaret Thomas ASK Rafiq Jumabhoy to name Singapore's good
        Photo by Chris Loh  -  2,262 words
      • Article
        Coming across Han Suyin in the sitting room
        1008 19 IT WAS an unusual childhood. The Jumabhoy family was comfortably well-off, Rafiq's grandfather Rajabali having built a successful spice trading business that expanded to include commodities and textiles trading and shipping. But Rafiq's father Ameer, the eldest son, was a rebel. "When
        1,008 words
      • Article
        A chocolate Chinaman with one eye on the Indian market
        808 19 I'M JUST a chocolate Chinaman, says Rafiq Jumabhoy to people who annoy him by making too much of his Indian origins. "It's something that I throw in the way of people who try to differentiate us as Indian or Chinese
        808 words
    • Article, Illustration
      Lock icon Strictly classics
      1328 22  -  Jaime Ee visits a mum-and-pop video shop that is a treasure trove for the film and documentary bufF Jaime Ee AN I borrow the video of m To Kill A MockingbirdT* a young Chinese girl asks video library owner Albert Odell. "Sure. That's $7 for two days and
      Photo by Chris Loh  -  1,328 words
    • Article, Illustration
      Uncovering the mysteries of love
      692 22  -  Cinema Review By SUSAN TSANG THE Crying Game must be the most talkedabout film of the year, having garnered six Academy Award nominations and winning one for Best Original Screenplay. Plus the added attraction of a plot twist to stir the curiosity of those who
      692 words
    • Article, Illustration
      Unexplained conversion
      678 22  -  By SUSAN TSANG IT'S HERE the film that launched a million baseball caps. If nothing else, X marks a treasure trove of film-related merchandise. Everyone who is at all with-it seems to want to sport a cap or T-shirt with the symbol of the unknown on it. Do
      678 words
    • Article, Illustration
      Lock icon Coming of age in Japan
      975 23  -  Michael Wickman attends a traditional festival that marks important milestones in the lives of Japanese children Michael Wickman EVER since Margaret Mead went swanning about the South Seas and wrote her masterwork Coming Of Age In Samoa. everyone's been aware of the universality of rites
      Phntos by Wendy Chan  -  975 words
    • Article, Illustration
      Reviving fears of a Malthusian disaster
      729 23 Preparing For The Twenty-First Century By Paul Kennedy Random House. 428 pages. $44.90 Reviewed by Ckuang Peck Ming WATCH out, world, you're going to be packed tight with so many people, you won't have enough to feed them all and the environment will become
      729 words
    • PEOPLE
      • Article, Illustration
        Birthday bash for Shipping Times
        494 24 GUESTS arriving at the Shipping Times' 15th anniversary last Friday had a novel welcome they were greeted by a knife-wielding pirate grinning from earring to earring! If that was a shock, there was another one in store when they entered the Raffles Hotel's Ballroom where
        494 words
    • TIME OFF
      • Article, Illustration
        Living up to Gillespie's name
        774 25  -  Shahiron Sahari checks out a retreat for Shenton Way executives Shahiron Sahari GILLESPIE'S, because of its name, sounds like a jazz bar, looks like a jazz bar, and should have been a jazz bar. Pity that it isn't. Instead, Gillespie's is a little basement nightclub,
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      • Article, Illustration
        Heaven is a horror-house disco in Taiwan
        726 25  -  Helen Chang stumbles on her heaven in Taipei Helen Chang WHITNEY HOUSTON is belting away on the television screen, but the song overhead is a Chinese ballad sung by a man. On the dance floor, young couples are holding each other and swaying
        726 words
      • Article
        PERFORMANCES
        197 25 Sammy Won't Go To School Directed by Lim Yu-Beng of Theatreworks, this is Desmond Sim's story of tests, expectations and the playground. Presented as part of the Dicectors' Laboratory programme. Today and tomorrow. May 13 to May 16. Bpm at the Black Box. Tickets at $8 available from Victoria
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      • Article
        CONCERTS
        112 25 SSO Concert Performances of Arvo Part's Cant us In Memory Of Benjamin Britten. Britten's Serenade For Tenor, Horn and Strings. Strauss' Horn Concerto No I In E Flat and Mendelssohn's Symphony No 3. Neil Mackie (tenor) and Vlichael Thompson (horn) perform while Lim Yau conducts. May 14 and 15.
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      • Article
        FILMS
        153 25 The Blue Planet Produced in cooperation with Nasa. this takes you on a trip to space where the Earth seems suspended in a limitless void. Travelling over the planet, we see the Straits of Gibraltar, the sand dunes of the Namib Desert and the snow-capped mountains of the Himalayas.
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        EXHIBITIONS AND TALKS
        531 25 Greetings From Raffles An exhibition of picture postcards of hotels in the Orient. Till June 30 at the Rallies Hotel Museum. I()am to Vpm. Beyond Borders: First Solo Exhibition of Van Duong Thanh in Singapore With an artistic style which merges both traditional and contemporary Vietnamese art.
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      • Article
        AT THE SUBSTATION
        51 25 An Evening Of Chekhov Actors Theatre Circle presents six of Chekhov's short classics which sparkle with unforgettable characters in outrageous circumstances. Till May 15. Bpm at the Guinness Theatre, the Substation. Tickets at $12 and $15 available from Tangs. Centrepoint. I ictoria Theatre and the Substation. Tel:
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      • Article
        BUY YOUR TICKETS NOW
        104 25  -  Compiled by Audrey Tan The Squeeze A presentation of seven outstanding 10-minute American plays by Action Theatre. May 20 to 25. Bpm at the Jubilee Hall. Raffles Hotel. Tickets at SIS. S2O and 525. Preview (May 20) tickets at Si 2 and Sis available from Sistic
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    • EPICURE
      • Article, Illustration
        A healthy dose of smooth, delicate bird's nest
        553 26  -  Bon Appetit By SUSAN TSANG WITH the continuing emphasis on healthy eating, the Seafood Theatre restaurant in The Plaza Hotel is offering an ongoing menu that caters to our physical, if not financial, well-being. All would agree, however, that the main ingredient
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      • Article
        Going Japanese without going broke
        498 26  -  By JAIME EE ORDINARILY, it's hardly possible to leave a Japanese restaurant feeling stuffed to the gills without having to spend at least $50 a person. Most of the better midpriced places like, say, Suntory or Kurama, charge something like $25 to $35 for a
        498 words
      • Article, Illustration
        Variations on a Taiwanese theme
        515 26  -  By AUDREY TAN TAIWANESE porridge, unlike its Teochew cousin, which looks and tastes like rice swimming in water, is smooth in texture and sweet, flavoured by pieces of sweet potato. A long-standing staple of Goodwood Park Hotel's a la carte menu, Taiwan Porridge is now
        515 words
      • Article
        Multiplying the joy of wine-drinking
        789 26  -  Wine By N K YONG APART from the difficulty of being sure of their condition, great bottles present interesting questions. Not the least are the questions of whom you should drink it with (certainly not alone, only eccentrics and misanthropes do that), should you wait
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      CINEMA
      1035 28 Alive. A group of people find themselves stranded in the Andes after their plane crashes. Starving, with no Mac Donalds in sight, they resort to chewing each others limbs off. A palatable cannibalistic tale based on a true story. Midnight tonight at Prince 2, Changi 2. Republic 2 and
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      237 17 24-hour "Loan Information Service A Approval" 1 8 0 0 3 3 4 3 5 8 8 1800 331 3688 Reverso. Avant-garde since 1931. The legend ON IN THE Reverso Our masterWATCHMAKERS NEVER REST ON THEIR Neither on our OVER 150-YEAR TRADITION OF MAK- >V *2> THE FINEST D«\ MECHANICAL
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      147 18 II lU^l f 1 fill nn I 1 I M I ll^l 1 I II ii f\i UH We didn't re-invent the wheel... we just mode it disnppenr. Samsonite's latest convenient and compact Swing-Wheel Cart** is a revolutionary luggage trolley. Its unique design enables the wheels to fold in, out
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      Page 18 Advertisements Column 2
      35 18 If I welcomes letters from >ou. Please address them to: I he kditor. Business l imes. 390 kim Seng Rd. S'pore 0923. letters should include >our contact numbers. Doonesbury and Bristow are on Page 4
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  • PERSONAL FINANCE & INVESTMENT
    • BULLS' EYE
      • Article, Illustration
        Lock icon BT SENTIMENT INDEX (MAY 10-14)
        537 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities. Crosby Securities, Dain a Securities Singapore. DBS Asset Management. Kay Hian James Capel. Kim Eng Securities. Ong Company. Peregrine Securities. Phillip Securities. OCBC Securities. Tat Lee Securities, and H7
        Source: Vickers Bellas  -  537 words
      • Article, Illustration
        In my opinion...
        316 20  -  Madeleine Lee Manager, Morgan Grenfell Investment Management (Asia) MGIMA provides fund management and investment advisory services to Asian equity funds and institutional clients. It currently invests in 12 Asian markets. UT he Singapore stock I market is undergoJL ing a much-needed pause, the BT-MGA Index having risen
        316 words
    • Article
      Unit trust performance ranking
      754 20 Next publication date: June 12, 1993 launch 1 mth 3 mths 6 mths I yr 2 yrs 3 yrs Launch 1 mth 3 mths 6_mths 2jts 3jts Ranking as .1 Ma, 3. 1993 S S S M mi 555 Singapore Straits lines 6.91 10.09 28-5* !f"7Z
      754 words
    • Article, Illustration
      Guaranteed returns yes, but no promises of rose gardens
      1618 20  -  S'poreans are finding it hard to resist offers of guaranteed yields from M'sian developers, reports Lilian Ng Lilian Ng Guaranteed rental returns of 8 to 10 per cent that's what developers of prime condominium properties in Malaysia are promising investors in
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    • Article
      How guarantees are structured
      175 20 The developer sells the property with a leaseback agreement that ensures buyers of rental yields of 8 to 10 per cent, usually for one to three years. The developer will pay the rent direct to buyers every month for the period agreed upon regardless of whether
      175 words
    • Article
      Strong demand in Singapore for Malaysian condos
      433 20 SINGAPOREANS' appetite for middle-class condos priced between M$ 150.000 and M 5250,000 is tremendous, says Joyce Lim, senior manager of MBf Property Services. Though most of the projects are marketed in Singapore without the guaranteed returns feature, they sell very well in the
      433 words
    • Article, Illustration
      Sound backing for Gen Mag's bull run
      997 21  -  STOCK By R Sivanithy LAST year, investors who wanted a piece of audio cassette maker General Magnetic Ltd could have bought in for 59 cents a share. Today, the price is $1.44 almost three times as much. Although part of the gain can
      997 words
    • Article, Illustration
      Take the detective's role when reading your annual reports
      890 21  -  LEARNING By Paul Leo ANNUAL reports are very much like interactive detective novels. Like an inspector combing a scene for hints and clues, the reader ploughs through the numbers in the reports which unfortunately, are often designed to obscure the truth
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    • Article
      No contra dealing, but trade when you want
      439 21 CPF Investment Scheme Q A Q: How do I open a CPF Investment Account? A: You can go to any branch of the seven approved banks namely DBS. OCBC, OUB, UOB, Tat Lee, Hongkongßank and Keppel Bank to open your account. Bring
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      225 21 WHO BUILDS THE BEST CAR IH 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 To wm
      225 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      129 26 Banking, Finance r-nd insurance Banfew i, Finance i id nsu* n H H ■tAf g KI(lflr < nil Blilll iMiii I h FinK?l I |C|lllp^B!« H -id Insurance 93 banking, Financ© and tosurdftce S«r k, f\.& ;nsu f.«i 1993 marks the 25th anniversary of the establishment of the Asian dollar
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      Page 26 Advertisements Column 2
      88 26 T,ifS Maoina BAY CHINA CHINA RESTAURANT Set menu for 6 persons -From $198 Set menu for 8-10 persons From $388 (Inclusive of Complimentary Mother's Day Cake) NISHIKI RESTAURANT Set menu at $30 per person TEE-OFF CAFE Delectable buffet spread at only $13 (Adult* 7 (Child) For reservations, please call our
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      763 27 Nothing Beats A Bud. INKING OF f HIGH TEA AT CAR CAROUSEL Adult $10.80++ Child $BAo++ You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes, at our high tea buffet. Only on Saturdays and Sundays from 1 3pm to 5.30pm. f i (Safe i I
      763 words
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      Page 27 Advertisements Column 2
      301 27 WHERE TO WINE, DINE AND ENTERTAIN Mother's Day Celebratiott May* -T II! i Sec Lunch or Dinner including health-giving Bird's Nest. II Prices friHti $168++ (4-5 pcron») tri $398++/s49B+¥ (8-10 penons) on M*y 8 jnd 9. ftee 1 kg cake for a table of 8-10 pets* >ns. > Cafe Plaza
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      Page 27 Advertisements Column 3
      410 27 |j tfGzroe&t j Direct from the French L q frontier of Ahace and Lorraine, a A si M t t i J? very special cuisine a unique c j combination of Prench cooking G and rustic German fare. N •«jr r Here's your opportunity to V discover this unique j
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      2404 28 TODAY'S TV fvjnrvTTTTrT^Hi j 135 clos Bk>K M, 3.30pm, SBC Wonders In China, 9am, SBC A popular A look dwarf, 1 M Lola V dy befriend other. Com- for S, 7.50 AM Prog Summary. I M So< Small. backgrounds stop China. m kh^k orT r ,cr STwrx film that stars
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