The Business Times, 1 January 1994
1994-01-01
1
18
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The Business Times
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Title Section13 1994-01-01 1 Business Times VIITA(P) 010/12/93 Weekend Edition, January 1-2 1994 WE KNOW ASIA 75*13 words
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455 1994-01-01 1 R Sivanithy - By R Sivanithy SINGAPORE The region's stock markets yesterday ended 1993 on a high note, with two bourses soaring to new records. Although the local market did not close at an all-time high, heavy trading ensured455 words
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Article, Illustration84 1994-01-01 1 Arthur Lee - By Arthur Lee SINGAPORE Cheers to the best year ever for broking houses and brokers. Gulping it all down. Alliance Securities dealer Khor Thiam Kiat celebrated with champagne yesterday moments after the market closed for the year. Mr Khor, 42, has been in stock broking84 words
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236 1994-01-01 1 SINGAPORE The market capitalisation of the top 50 Singapore-listed companies more than doubled last year. And buoyed by a surging stock market, a substantial number have joined the bil-lion-dollar club, according to a Business Times ranking. Based on yesterday's closing market prices,236 words
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Article, Illustration102 1994-01-01 1 Stock market indices Friday Change STIl 2.425.68 +35.07 KLSE Composite ..1.275.32 +43.59 Nikkei dosed Hang Seng 11.888 3 10.92 SET Index closed Jakarta Composite .closed LSA China B unav Aust All Ord 2.173.6 +19.1 FTSE 100 unav Thursday dw Dow Jones 3.775.88 Exchange rates iss ss USS 1.607102 words
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591 1994-01-01 1 Anna Teo - By Anna Teo SINGAPORE Prime Minister Goh Chok Tong yesterday delivered Singaporeans splendid news in his New Year message: The economy did well in 1993, growing 9.8 per cent and attracting a record $3.9 billion in manufacturing investments. The 9.8591 words
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503 1994-01-01 1 UPI Reuter WASHINGTON The US cconomy will expand at a 4 to 5 per cent annual rate in the fourth quarter but ease to about 3 per cent in 1994, Treasury Secretary Lloyd Bcntsen said. In an optimistic statement, Mr BentsenUPI; Reuter - 503 words
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145 1994-01-01 1 Reuter AFP WELLINGTON One of New Zealand's leading industrialists. Jim Fletcher, was stabbed to death in his holiday home early yesterday morning when he disturbed an intruder, police said. The 49-year-old Fletcher was a member of New Zealand's best known business family, which founded andReuter; AFP - 145 words
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Page 1 Advertisements
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Advertisement0 1994-01-01 1 ]&("(!%])]{_/_&(^=/!_[+|+'{{~?<0 words
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Advertisement24 1994-01-01 1 BT Turkey Awards 1993: el 2,3 For a select group of people Full reports. Pages 7-10 When Singapore stocks hit the roof, EL4 524 words
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Advertisement138 1994-01-01 1 Market Watvh: Pg 4 MAS optimisik,\ Of lasting value This watch the Bonbonni&re-shaped watch of the French Ali/ Empire period (1810-1820). Both movement and decorated case show "O T ~E"* "V" the virtuosity of Geneva craftsmen. v-/ Jj Hi -A. The central motif, on enamel, of Geneva is surrounded by138 words
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Advertisement50 1994-01-01 1 queue News Markets S'pwe/Repon 2 Regional 7 Regwi/Wortl 3 Ctob/KLSE, SES .8-10 rnwninir i Faatam Company Marliets 4 Turteys £Ll.£3 Finance/Commo 5 IF EL4.5 Commo/Futures 6 Sports EL6 TV Radio ELB Subscript iM Tel 1800 *****77 Fax *****75 BT Editorial Tel *****18 Fai *****71 Billion dollar club balloons, Page 450 words
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SINGAPORE NEWS/THE REGION
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309 1994-01-01 2 Abdul Hadhi - By Abdul Hadhi THE good response to two property auctions in the usually slow second half of December could foreshadow continued market buoyancy. Jones Lang Wootton (JLW) managed to sell five out of nine properties, while Knight Frank Cheong Hock Chye309 words
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211 1994-01-01 2 SINGAPORE will eliminate tariffs on 406 products as part of the concessions from recent negotiations on the General Agreement on Tariffs and Trade (Gatt). The elimination of these 406 tariffs will mean that more than 52.5 billion worth of imports211 words
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213 1994-01-01 2 THE REPUBLIC will be officially represented in Vietnam by an ambassador for the first time, the Ministry of Foreign Affairs announced yesterday. The ministry also named a new ambassador to Indonesia. The new ambassador to Vietnam, Toh Hock Ghim, 51, was awarded the Public213 words
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313 1994-01-01 2 NEW FLATS offered by the Housing and Development Board today in its first-quarter 1994 Booking Exercise includc 607 "Design and Build" con-tract-units in Choa Chu Kang costing between $145,600 and $317,300. The HDB said yesterday these contracts involved the participation of313 words
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Article, Illustration112 1994-01-01 2 SINGAPORE Taiwanese Premier Lien Chan will be in Singapore from tomorrow for a private vacation. While here, he is expected to go on a sight-seeing trip, do some shopping and meet up with old friends. It is understood that Mr Lien, accompanied by his wife, will112 words
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Article158 1994-01-01 2 THE next monthly tender for vehicle entitlements will open from this Monday, at 9am, till Friday at 4pm. The Registry of Vehicles (ROV) said yesterday that temporary certificates of entitlement (TCOEs) issued in this tender exercise under categories 1, 2, 3, 4, 6 and158 words
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Article, Illustration494 1994-01-01 2 Manmohan Singh retains portfolio, defends handling of financial scandal AFP AP FT NEW DELHI Indian Prime Minister PV Narasimha Rao yesterday rejeeted the resignation of Finance Minister Manmohan Singh over last year's banking and securities scandal, the Press Trust of India reported. The news agencyAFP; AP; FT - 494 words
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Article404 1994-01-01 2 AFP Bloomberg Business News TOKYO Prime Minister Morihiro Hosokawa's first New Year news conference turned sour as he rejected a criticism that he lacked the ability to lead Japan's fragile ruling coalition. Mr Hosokawa denied allegations that he had been preoccupied with domestic issues, includingAFP; Bloomberg Business News - 404 words
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348 1994-01-01 2 HONGKONG China plans to convert some 55 conglomerates to firms that will emulate the Japanese sogososha. such as the Mitsubishi group, which arc regarded as one of Japan's engines of commercial and export succcss. South China Morning Post reported that the pilot project348 words
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353 1994-01-01 2 Reuter AP HANOI Vietnam's parliament, nailing in place more planks of its fledgling market economy, has boosted its 1994 growth target to 8 per cent and passed a landmark bankruptcy law to start paring down the state sector. The National Assembly adoptedReuter; AP - 353 words
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294 1994-01-01 2 UPI TOKYO The United States and North Korea have virtually agreed on a "package deal" to resolve their longstanding dispute over Pyongyang's nuclear weapons capability. Seoul's Yonhap news agency quoted a senior Foreign Ministry official as saying. A spokesman for theUPI - 294 words
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Page 2 Advertisements
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Advertisement8 1994-01-01 2 Appointment Ads Help You Find The Right Candidate8 words
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Advertisement58 1994-01-01 2 THVSUNI)ATIMIiSISTAH H I 1 S PRO M T I 1 ;^V-.\v.vr.-f V r itS .^mmrnm^mutfj^m S|MMiv*ri d l»v Or|(4niv«i liy Grab a copy of The Sunday Times tomorrow. And check out how you can t>o on a fantastic Star Cruise holiday, the TflP Snillto?Tilflftfi first of its kind in the58 words
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THE REGION/THE WORLD
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399 1994-01-01 3 Reuter WASHINGTON US officials, sidestepping talk of yearend trade sanctions, said that Chinese officials have been invited to Washington for last-ditch talks to resolve a growing dispute over Chinese textile exports. China has also pledged to start compliance with a 1992Reuter - 399 words
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263 1994-01-01 3 Bloomberg Business News LONDON Britain's gross domestic product should increase 2.4 per cent next year with continued low inflation, according to the Confederation of British Industry. Prospects for British industry in 1994 look "decidedly more hopeful than they did aBloomberg Business News - 263 words
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Article, Illustration55 1994-01-01 3 Reuter MOSCOW Muscovites lining up in the centre of Moscow on Thursday, to await their turn to invest their vouchers (privatisation cheques) in one of the most well-known Russian companies before the end of the year. High inflation and a falling rouble have destabilised theReuter - 55 words
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278 1994-01-01 3 Bloomberg Business News MEXICO CITY Mexico's Commerce Ministry levied dumping tariffs ranging from 165 per cent to 1.105 per cent on footwear made in China. The move affects some US companies including Nike Inc and Reebok International Ltd that manufacture shoesBloomberg Business News - 278 words
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WORLD WATCH
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61 1994-01-01 3 Reuter WASHINGTON The US speciality steel industry and the steelworkers union have filed an anti-dumping petition with the government, complaining of unfair trading by Brazil. India. Italy, Japan and Spain. The petition to the Commerce Department and the International Trade Commission was from fiveReuter - 61 words
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61 1994-01-01 3 Bloomberg Business News HONGKONG China has secured USS4O million (5563.6 million) in loans to piece together a national telecommunications network, the official China Daily reported. The Beijing International Trust Investment Corp has signed contracts with Barclays Bank pic of Britain, which arranged the loans.Bloomberg Business News - 61 words
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85 1994-01-01 3 Reuter JAKARTA Indonesia has received the go-ahead to build its first nuclear power plant from a Japanese firm which conducted a feasibility study on the plan. Japan's New Japan Engineering Consultants reported on its study on Thursday to the Indonesian Atomic Energy Agency (Batan).Reuter - 85 words
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Article63 1994-01-01 3 Reuter SEATTLE Bill Gates, the billionaire chairman of Microsoft Corp. will marry his long-time girlfriend in a New Year's Day ceremony on a golf course in Hawaii, the Seattle Post-Intelligencer reported. The exclusive Hawaiian island of Lanai will be the site for a gatheringReuter - 63 words
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439 1994-01-01 3 AFP WASHINGTON The Swiss remained the world's richest people per capita in 1992. while eight of the 10 poorest countries were in Africa, the World Bank said on Thursday. The Swiss had a per capita gross domestic productAFP - 439 words
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376 1994-01-01 3 AFP FT BONN Chancellor Helmut Kohl yesterday said Germany was moving out of recession, but tempered his optimistic forecasts for the new year with warnings of more spending cutbacks, and a slow recovery in the labour market. In his annualAFP; FT - 376 words
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149 1994-01-01 3 Bloomberg Business News HONGKONG Top Chinese officials in Hongkong blasted the territory's Governor Chris Patten yesterday, saying that he was not in a position to comment about China's plans for the territory after it reverts to Chinese sovereignty in 1997. InBloomberg Business News - 149 words
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Page 3 Advertisements
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COMPANIES & MARKETS
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1767 1994-01-01 4 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The billiondollar club among listed Singapore corporations has more than doubled to 44 members from 17 last year, thanks to the spectacular run in the local stock market. The latest Business Times ranking of Singapore's top 50 listed companies1,767 words
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368 1994-01-01 4 Bernama KUALA LUMPUR Uniphone Telecommunications Bhd is proposing a one-for-one bonus issue of 69.8 million new shares. It also plans to revise the nominal value of its proposed redeemable bank guaranteed bonds from MS 100 million (Ss63 million) to MS 120 million.Bernama - 368 words
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Article, Illustration573 1994-01-01 4 MARKET WATCH MBT KUALA LUMPUR Signs of an economic upturn in the US and Japan and the Visit Malaysia Year campaign next year are set to help Malaysia Airlines System overcome its excess capacity problems and push upMBT - 573 words
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198 1994-01-01 4 AP HOUSTON A new lawsuit against Upjohn Co accuses the drug company of conspiring for 20 years to conceal what the suit called the dangerous side effects of Halcion. the most widely prescribed sleeping pill. The lawsuit filed in Dallas state districtAP - 198 words
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213 1994-01-01 4 R Sivanithy - By R Sivanithy SINGAPORE DBS Bank yesterday released a reminder on the details of its nonredeemable convertible preference shares (NCPS) for the benefit of holders who want to convcrt them into ordinary shares. Since the S2 NCPS were issued in June last year213 words
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296 1994-01-01 4 S P Food opens trade with M$ 2.75 premium MBT KUALA LUMPUR S&P Food Industries (M) Bhd made an impressive debut on the Kuala Lumpur Stock Exchange* main board on Thursday, closing the day at M 55.35 for a M 52.75 premium over its issue price of M 52.60. ItMBT - 296 words
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Article, Illustration364 1994-01-01 4 Source: Bridge Info Performance of STII's Index stocks Dcc 31 1-ast Sens* Index Slock sale Chge factor moien (S) Asimo 2 550 0.240 1.54 10 04 C M 8 500 -0 100 5 14 -4 18 OUT 3 060 -0 040 I 85 -1.67 Cercbos 8 000 -0 200Source: Bridge Info - 364 words
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284 1994-01-01 4 Reuter LONDON Kleinwort Benson is launching a close-end privatisation trust to give UK retail and institutional investors access of up to £100 billion (***** billion) in new issues expected across Europe in the next five years. Simon White, managing director of Kleinwort BensonReuter - 284 words
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FINANCE & COMMODITIES
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289 1994-01-01 5 Bloomberg Business News NEW YORK America's largest banks benefited from stronger trading revenue, lower loan-loss provisions and an increase in consumer lending in the fourth quarter. Net interest margins narrowed, largely because the drop in interest rates from lastBloomberg Business News - 289 words
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194 1994-01-01 5 AFP TAIPEI Taiwan Finance Minister Lin Chen-kuo yesterday proposed the resumption of a capital gains tax on stocks after a four-year suspension. In the revised tax scheme, individual stock investors are subject to a 0.6 per cent capital gains tax forAFP - 194 words
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Article, Illustration1604 1994-01-01 5 Trade wetghled index calculated agam\i S'pore't lop 14 trading partners. Base year 1985 FOREIGN CURRENCY NOTE RATES As at 10m m Dec 31: Singapore dollars to one unit of foreign currency Currencies Bid Offer 4ustralian dollar 1.0800 1.0970 Canadian dollar 1.1960 1.2210 NZ dollar 0.8880 0 9060 Sterling pound 2.36801,604 words
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SHIPS IN PORT
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Article365 1994-01-01 5 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth ferivd Departure Jurong Port S»end Gate 02A P02 Dongs* 3112/7300 Botany Inter 108 112 alongah 01.01/1200 Torrere 8401 P01 alongside 0313/0900 Nuga 54 06/93 16 atongsde 0101/2300 Tram Star 105A P03 alongside 01 13/0600 St licotas 110365 words
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Article1142 1994-01-01 5 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From to lade 170* 02/0500 1 31/1500 31/1659 31/1900 2 31/1700 01/0659 01/0900 3 01/0700 01/1159 01/1400 to** 048A 01/1500 1 31/15001,142 words
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COMMODITIES & FUTURES
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1276 1994-01-01 6 SIMEX REPORT Reuter SINGAPORE Simex interest rate futures contracts ended mixed to weaker in line with overnight selling in Chicago, but liquidity was thinned by the holiday lull. Prices in Eurodollars were softened by profit-taking and liquidation in the US and falls inReuter - 1,276 words
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331 1994-01-01 6 Bloomberg Business News PITTSBURGH Aluminium producers limped through the fourth quarter and finished the year under the restructuring knife. Three industry giants Aluminium Co of America. Reynolds Metals Co and Kaiser Aluminium Corp have already announced substantial fourth-quarter charges to restructure certain businessesBloomberg Business News - 331 words
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224 1994-01-01 6 Reuter SINGAPORE An increase in year-end freight rates, coupled with a worldwide shortage of tankers, has cut the profits of term oil suppliers and hampered fresh business for others, oil traders and refiners said on Thursday. Freight costs for clean ships, such asReuter - 224 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article120 1994-01-01 6 WINNIPEG Canadian Newscope Resources Ltd has purchased interests in eight oil and gas fields in southern Louisiana from Pennzoil Exploration Co of Houston for Cs9.B million (5511.6 million). Newscope announced on Thursday. The acquired assets include 16 producing oil and gas wells, and four other120 words
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Article78 1994-01-01 6 NEW YORK Coflee futures ended the year with a bang, blowing apart technical support and send- ing the March contract to the lowest level for a nearby contract since nr.id-October. March settled down 335 points at 71.SS cents, after falling as low as 71.3578 words
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Article91 1994-01-01 6 SYDNEY Chinese com prices are holding firm as South Korea continues to delay second-quarter buying, suggesting higher prices for buyers in Seoul when they return to the market in the new year. Japanese US soybean and com import buying are likely to pick up next week,91 words
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Article1606 1994-01-01 6 Rubber HAS Commodity Exchange (futures closing as at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 94 000 000 133.75 0 100 Feb 134.75 134.25 134.75 825 3.575 Mar 137.00 136 00 136.75 800 6,725 Apr/Jun 139.75 139.25 139.25 6001,606 words
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Article595 1994-01-01 7 COMPANY MEETINGS Cnapw) Ptore Dale Tine PM Data E Serangoon Gardens Jan 7 11 00am Country Club, Function Room (Annex Building), 2nd Level, 22 Kensington Park Road (195$) SPH A&E News Centre. Jan 8 1130am 82 Genting Lane (1334) ABR Hldgs E Conference Room. Jan 10595 words
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REGIONAL STOCK MARKETS
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Article1460 1994-01-01 7 19.1 THE Australian share market ended the year at a new post-1987 crash high as strong sentiment and active options trading boosted many leading stocks. "People continued to buy into blue chips today." a broker said. "We're all expecting them to do well next year." At the 1300 AEDT1,460 words
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Article558 1994-01-01 7 +257.01 Taiwan's stock market ended 1993 with a bang, soaring 4.4 per cent in frenzied trade to a 30-month high for a gain of 80 per cent during the year. The weighted index closed 257.01 points higher at 6.070.56, its highest finish since 6.090.19 on June 24. 1991. Turnover558 words
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Article281 1994-01-01 7 +7.84 The New Zealand share market ended 1993 near its year high, gaining quietly in a half-day's trading ahead of a four-day New Year's holiday. The NZSE Top 40 index closed at 2,188.07. up 7.84 points on the day and close to the 2.203.09 yearhigh set just before281 words
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Article, Illustration3282 1994-01-01 7 Reuter HONGKONG Stocks eked out a closing record on the final day of 1993 as last-minute bargainhunting erased opening losses, brokers said. The blue chip Hang Seng Index rose 10.92 points or 0.09 per cent to 11.888.39, erasing an early 248.41 point loss. "It was quiet but well bought.Reuter; Source: Bridge Info - 3,282 words
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Article, Illustration2844 1994-01-01 8 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mill I6.273.UUU InsasBhd I4.509.MM FACB 5UC I I.W.UO Mulphj Inll Mil <J.I27.MM Promt 8.101.MM Kjmunnng 50c 7.824 MM ldn% Hvd HV 7.267 MM KiB orpn 50c 6.618 MM Mctmpfcr* 50c 6.437.0U0 AMDBSOc 6.137.MM (■olden M«pr 5.248(MU HI eong PropSource: Bridge Info - 2,844 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5926 1994-01-01 8 Bernama KUALA LUMPUR The share market bade farewell to 1993 on a high note. Prices rolled up on bargain-hunting activity with the blue-chip indicator surging to a new record high at end of the half-day trading yesterday. The KLSE Composite Index surged 43.59Bernama; Source: Bridge Info - 5,926 words
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STOCK EXCHANGE OF SINGAPORE
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Article6558 1994-01-01 9 MWWOAWP Transaction date: Dec 31 Gr Cr in) Last Vol Day Lm Qaote Di» Dt» VM Net M Cap High Low Comma? Sale (DOOI High Low Bayer Seller Of P/E (nil INDUSTRIAL AND COMMERCIAL 1400 260 I Acma 1280 +20 262 1310 1250 1270 1280 12.5 2.1 1.0 55.4 882.36,558 words
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Article, Illustration1760 1994-01-01 10 R Sivanithy - By R Sivanithy SINGAPORE Observers hoping for a prolonged correction after Thursday's 36 pointfall in the Straits Times Industrials Index were disappointed yesterday when the index bounced back 35.07 points. It finished 1993 at 2,425.68, just a hair's breadth from its all-timeSource: Bridge Info - 1,760 words
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Article, Illustration148 1994-01-01 10 Paul Leo - By Paul Leo COURTS Singapore fell 13 per cent from a high of $2.85 on Dec 16 to $2.38 on Dec 30. At yesterday's close of $2.46 it is a low-risk punt. Daily relative strength index just turned up from oversold region indicates an upside bias at least148 words
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Page 4 Miscellaneous
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Miscellaneous454 1994-01-01 4 WEATHER Singapore: Showers over several areas in the late morning and afternoon. (Temperature range: 24-31). tate-FacMc Mi/la" CMi. E«r*fe Hi/U* Caad Buenos Ares 24/14 Oear Auckland 19 12 Cloudy Amsterdam 06,05 Ram Chicago -4/10 Cloudy Banpw* 3218 Sumy Athens 15/10 Cloudy Honolulu 26/18 Clear Bevng 04/ 7 Clear Bertm 06/02454 words
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Page 5 Advertisements
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Advertisement8 1994-01-01 5 Appointment Ads Help You Find The Right Candidate8 words
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Page 6 Advertisements
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Advertisement42 1994-01-01 6 Hongkong gold report was not available at press time. The other commodity markets were closed yesterday L "I deal in cameras. Andl know whereto get good exposure." low 1 books o ,h ßl PfcotogranhrJ VHS Call today for results tomorrow. CA.T.S. 737-116642 words
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Advertisement34 1994-01-01 6 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead =saffiss Br offers Bp the most current Bp list o/ job ■f opportunities iji34 words
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Page 7 Advertisements
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Advertisement16 1994-01-01 7 $"};{:!'}"!`&!**)$;,_^@}\
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Page 8 Advertisements
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Advertisement14 1994-01-01 8 After a feu- glasses women will sicirl looking ai von iti a different way.14 words
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Page 9 Advertisements
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Advertisement142 1994-01-01 9 ■11..1 I I I I eC 011 i < ,x 4- e >> Primero automatic chronograph movement jp CBk Wafrr to or dJ\ j £5 Available in gold, gold and steel or steel. KKKSF RJGHT M<>del N *****5400 >X Abort Beyond Pie Ud I Maritime Square #02-101 Expo Gateway Tel:142 words
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Page 10 Advertisements
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Advertisement289 1994-01-01 10 ,1 You wake up cold and hungry. Now you begin another busy day with your favourite coffee and toast And with Business Times bread and V You need to know, early in the day, the fla significant business, economic and financial delivered to your home, every business day. You are289 words
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Advertisement40 1994-01-01 10 BROKERS 1 STOCK PICKS m. in Personal Finance and Investment on Saturdays o o o Q o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. SINGAPORE r Business Times WE KM»* ASIA40 words
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Executive Lifestyle
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Article, Illustration1556 1994-01-01 11 On the first day of 1994, we are pleased to honour all those individuals and groups whose dubious contributions in the past year should not go unrecognised. To each and every one of them, a well-deserved Turkey Award 1993 ITS TIME. Keep all sharp instruments.Design by Ben Cruz - 1,556 words
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STRAWS IN THE WIND
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Article46 1994-01-01 11 HEARD on a BBC programme on faux pas the voice of a woman reporting: "Sports Round, Tennis. The American John McEnroe defeated Ivan Lendl today by a score of six minus one, six minus one, six minus four." What she meant was: 6-1,6-1,6-4.46 words
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Article93 1994-01-01 11 SOME hotels and restaurants celebrate their anniversaries by giving free meals to people who share the same birthday or who are of the same age say, IS, 20, and so on. But one hotel which will be seven years old next month is offering free buffet meals to93 words
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Article71 1994-01-01 11 Some companies want publicity, yet they also want to dictate the terms. Like the shipping line which sent a press release about going regional, but refused to reveal basic facts. "Why would a Singapore paper be interested in that?" asked the guy in charge. He kept reminding the71 words
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Turkey awards 1993
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Article, Illustration874 1994-01-01 12 TAKE ME TO YOUR LEADER ER, WHICH ONE? A turkey must surely go to the Singapore Democratic Party, for not only failing to keep its house in order but actually tearing itself apart in full public view. For a party that set out to be the alternative to874 words
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Article, Illustration1060 1994-01-01 13 DISRUPTIVE FLYER AWARD This one's for one James Miller the idiot who decided, just for a laugh and a stunt, to parachute in on Evander Holyfield and Riddick Bowe while they were boxing for the world heavyweight title. Miller was at first feared1,060 words
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LETTERS TO THE EDITOR
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Article642 1994-01-01 13 Ann Lay Tee - LETTERS TO THE EDITOR Ann Lay Tee Senior Public Relations Officer SMRT WE REFER to the article "MRT Train Delays Are Costly" written by Abdul Hadhi (BT Weekend Edition 25/26 Dec 1993). It is indeed true that the MRT is assuming an increasingly important role in642 words
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Article231 1994-01-01 13 Denis Distant - Denis Distant TIME LAG between the close of an initial public offer of shares and trading in the shares has been shortened significantly but there has been no similar improvement in the long time it takes for rights issues to be listed. The rights issue by231 words
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Article, Illustration185 1994-01-01 14 SINGAPORE became in 1993 the nation with the world's largest proportion of shareowners. Never before have so many Singaporeans applied for so many shares. Never have share prices risen so much, so fast. And never have so many companies joined the bil-lion-dollar league in market capitalisation.Source: Bloomberg - 185 words
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Article, Illustration608 1994-01-01 14 LAUNCH of Singapore Telecom share offering. Strike price of $3.60 for tender shares (PE ratio of 48.6) results in re-rating of blue chips. LIBERALISATION of use of CPF funds for investment. CPF funds totalling $2.18 billion poured into stocks. RESIDENTIAL property prices continue to soar; bungalow prices rise 52608 words
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Article, Illustration147 1994-01-01 15 Launch of Singapore Telecom SINGAPORE TELECOM was the nation's lareest-ever public issue, which drew unprecedented queues of firsttime investors. A total of 1.68 billion shares were offered, raising a total of $4 billion and increasing the market's capitalisation by a fifth. The fixed-price tranches were p147 words
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SPORTS
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Article, Illustration999 1994-01-01 16 Troy Aikman's USssom deal is in stark relief to the axing of veteran players as football teams adjust to the system Bloomberg Business News SAN FRANCISCO If he wasn't before, count Troy Aikman as a believer in the National Football League's pendingBloomberg Business News; Photos by Chris Loh - 999 words
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SIDELINES
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60 1994-01-01 16 AFP PHILADELPHIA. Pennsylvania Outfielder Lenny Dykstra has signed a U5527.5 million (Ss44 million) deal that will keep him with World Series runner-up Philadelphia for five more years. Dykstra. who led the National League in at-bats. runs, hits and walks last season, signed a eontractAFP - 60 words
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106 1994-01-01 16 AP DOHA. Qatar Michael Stich on Thursday lashed out at fellow German tennis star Boris Becker for claiming many players on the professional circuit are drug abusers. "It was a stupid comment to make. I don't know why he comes out with such thingsAP - 106 words
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Article84 1994-01-01 16 AP LONDON Bob Scott, who led Manchester's failed bids to land the 1996 and 2000 Olympic Games, was awarded for his efforts yesterday with a knighthood in the New Year's honours list. Others honoured included Karen Smithies, who captained England's women to the World Cup cricketAP - 84 words
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Article61 1994-01-01 16 AP BOGOTA. Colombia Colombia's most celebrated soccer star, jailed for alleged violations of anti-kidnapping laws, was granted bail on Thursday. Goalkeeper Rene Higuita who had been expected to play in Colombia's 1994 World Cup soccer team was imprisoned on June 2 for allegedly helping to negotiateAP - 61 words
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Article87 1994-01-01 16 AP OBERSTDORF. Germany Jens Weissflog of Germany jumped a record 124.5 metres at Oberstdorf on Thursday, leading him to victory in the opening Four-Hill World Cup ski jumping competition. Wcissflog's second jump of 110 m gave him a total of 238.1 points, ahead of world championAP - 87 words
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PEOPLE
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Article, Illustration262 1994-01-01 16 IT WAS an afternoon party to celebrate the opening of the newest skyscraper at Robinson Road the 25-storey AIA Tower built at a cost of $66 million. Maurice Greenberg, chairman of the American International Group (AIG) the parent company of American International Assurance specially262 words
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Article, Illustration1031 1994-01-01 18 Addams Family Values. Raul Julia. Anjclica Huston and their creepy, ooky family are back, with a little addition. Lido 1: 11; 1.30; 4; 6.30; 9.15. Prince 1; 11; 1.30; 4; 6.45; 9.15. Chinatown I. Jurong 2: 11; 1; 3; 7; 9. Changi 1; 11; 1.30; 4; 7; 9.15. Republic1,031 words
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Page 11 Advertisements
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Advertisement24 1994-01-01 11 □□GDO ■■■■■0 HHHB CALL, TOLL-PRKB QEB3-SQQ EBCO B& MONO LEONQ nwiff k DBBB-BSfl 8888 m SMOAMMB nNANCt' «w» wmm GUESS ST INDEX WIN SHARES24 words
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Page 13 Advertisements
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Advertisement25 1994-01-01 13 BT welcomes letters from you. I'lease address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include >our contact numbers.25 words
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Advertisement26 1994-01-01 13 For Homo or Office deliveries of: Straits Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 1800-749-2577.26 words
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Page 16 Advertisements
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Advertisement252 1994-01-01 16 PARSIFAL PAR S I F A I w (hronoi;raph ith automatic |AA/ jjm c nicnt. Scratch-resistant Y Scratch-resistant sapphire cr\stal. 4 C jP* sapphire stal. il/llAlin llir-ll with shieltled crow n. F 'I'r\T RAYMOND WEIL HuMflPr M soiui GENEVE m s u W U WHERE TIME IS CREATION U 1252 words
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Advertisement55 1994-01-01 16 jA&3[aeters oide English Eating House 277 Orchard Rd #02-38 Specialists Centre 5(0923) Specialized In steaks, farmhouse fare, devonshtre cream tea. (Good restaurant guide award winner) DEVONSHIRE CREAM TEA (Served from 3pm 6pm) Oven hot scones with butter, sandwiches, cake and pastry with a pot of tea or coffee i/ I55 words
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Page 17 Advertisements
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Advertisement656 1994-01-01 17 M Nothing Beats A Bud. fFVt&fll or fit Cafe Carousel n &fe HEhKI (yirvusei BoucE^m^ hotel 200 Orchard Boulevard Singapore 1024 Te1:737 2911 Me££* 1994! CAFE FLORA SiL-A C 4. New Year's Eve Buffet Dinner $38++ Adult/ $24++ Child under 10* $18++ first thinkfor non-diners from 7 pm onwards New656 words
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Advertisement313 1994-01-01 17 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. M Choose from an astonishing variety of savoury and sweet favourites And if that's not enough, our tea special also includes karaoke at Singsation, Singapore's only theme karaoke lounge. So pop over to313 words
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Advertisement439 1994-01-01 17 Delectable Yong Dou-Fu Buffet at > Chatterbox every Saturday and Sunday. 12.30 pm to 5 pm $14.50 per person JB.so++ per child Ob* low 10 yra) Mezzanne Sumptuous Continental li Local Afternoon Tea spread at Mezzanine Lounge. Daily. 2 pin to 6 pm $16.00 per person $10.00++ per child (below439 words
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Page 18 Miscellaneous
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Miscellaneous2610 1994-01-01 18 TODAY'S TV 6.30 A Taste of Japan (See 9.45 Holiday Movie Alex: The Life a ~7 00 Today in France (See Our 11.25 Sesame Street Jaadhi Malli, 11am, SBC8 Shoot The Video, 6pm, SBC 12 Choice) 12.00 NN News. This 1993 effort takes on the First a four-part course on2,610 words
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