The Business Times, 17 September 1994
1994-09-17
1
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The Business Times
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Title Section14 1994-09-17 1 SINGAPORE Business Times WE KNOW ASIA MITA(P) 010/12/93 Weekend Edition, September 17-18 1994 75*14 words
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Article, Illustration702 1994-09-17 1 Catherine Ong - By Catherine Ong SINGAPORE The Inland Revenue Authority is cracking down on car dealers who trade in Certificates of Entitlement (COEs). An IRAS spokeswoman said yesterday that the authority will treat gains made from the buying and selling ofCompiled by BT - 702 words
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289 1994-09-17 1 Leslie Lopez - From Leslie Lopez in JAKARTA INDONESIA'S securities watchdog body, Bapepam, has decided to scrap its controversial limit on the price at which new shares can be offered. But it has warned that it will not tolerate inflated pricing of new issues. Bapepam289 words
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604 1994-09-17 1 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE Oversea-Chi-nese Banking Corporation (OCBC) has won its defamation suit against Norman Wright, the managing partner of executive search firm Egon Zehnder. Mr Wright was ordered to pay OCBC damages of $50,000 and legal costs. Justice Chao Hick Tin,604 words
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307 1994-09-17 1 R Sivanithy - By R Sivanithy SINGAPORE Diversified electronics group Acma yesterday announced a 151 per cent increase in after-tax interim profit to $48.93 million and disclosed a stock split to make its shares more accessible to the public. Acma said turnover for the six307 words
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435 1994-09-17 1 Dow down 27 after plunge of 40 points in morning Bloomberg Business News Reuter NEW YORK Stock markets plunged yesterday after figures showing vigorous US industrial growth renewed fears of inflation and higher interest rates. US blue chips, which hit theirBloomberg Business News; Reuter - 435 words
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169 1994-09-17 1 SINGAPORE The local currency ended at an all-time high of S$ 1.4845 against the US dollar yesterday. The Sing dollar started trading in Asia at S$ 1.4880 per USSI and fell to a low of S$ 1.4830 before recovering to end at S$ 1.4845,169 words
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Article161 1994-09-17 1 Stock market indices Friday Change STII 2,297.18 +16.34 KLSEComp 1,185.27 +9.21 Nikkei 19,796.26 -123.12 Hang Seng 9,968.52 +105.88 SET Index 1,546.24 +12.20 Jakarta Comp 525.63 +3.60 CLSA China B 1,221.42 -4.65 Aust All Ord 2,059.0 +8.2 FTSE 100 3,065.1 -47.6 Friday Pretious 2pm close Dow Jones 3,926.62 3,953.88161 words
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Page 1 Advertisements
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Advertisement17 1994-09-17 1 Karaoke in Singapore: el i Moving into cruise mode Corporate results: Vickers Ballas; Shangri-La; Parkway, Pg 617 words
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Advertisement29 1994-09-17 1 Stock Watch: f.l 4 Pokka's a good buy Car distributors want COE system modified, Pg 2 Entry permits for M'sian vehicles to cost more, Pg 2 11l 8" *****1"*****229 words
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Advertisement250 1994-09-17 1 Asia's Corporate Giants: el j Ratan Tata takes charge IBB V' 1 S^^|^Bn Since 1735 there has never been a quartz Blancpain watch. And there never will be. The ultra-slim watch Expressing the essential. The first masterpiece in the art of watchmaking is portrayed by ideal perfection in the mechanical250 words
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Advertisement29 1994-09-17 1 Spore News 2 6.7.8 fepon* N»*rs 3.4 fnanoal 9.10 WoridNew.j M EL2 StS 14-16 IF H45 12 fevwn ELfi./ Wort) 12 Sports ELB Orencies 10 TV/Rako ai2 Swfc/Commo .._II29 words
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SINGAPORE NEWS
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426 1994-09-17 2 Genevieve Cua - By Genevieve Cua SINGAPORE'S manufacturing industry expanded at a more moderate pace of 10.5 pfcr cent in July as most major sectors particularly the key electronics segment registered slower growth. The latest index of industrial production released by the Economic Development Board426 words
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NEWS ROUNDUP
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Article, Illustration89 1994-09-17 2 A SUBORDINATE court yesterday adjourned again the match-fixing case against former national footballer Michal Vana. to Sep 30. Vana's lawyer S Radakrishnan told the court that the defence was still waiting for replies to submissions made to the Attor-ney-General's Chambers. Vana, 31, has pleaded not guilty89 words
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Article61 1994-09-17 2 RETAILER Pisces group has bought printed circuit board maker Circuits Plus for $10 million, through its 56 per cent owned industrial arm Pisces Technologies Holdings. Pisces Tech aims to double the PCB firm's annual sales from $10 million by raising capacity utilisation from the present61 words
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65 1994-09-17 2 PRODUCTIVITY in the local retail sector still lags that in other countries, leaving a 20-30 per cent margin for improvement before it catches up. Koh Juan Kiat, executive director of the National Productivity Board, yesterday attributed the poor performance to lower use of productivity-improving capital equipment65 words
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94 1994-09-17 2 UNOCAL Pacific (S) Pte Ltd has become the 56th company to be awarded the Approved Oil Trader (AOT) status by the Singapore government. The company intends to use Singapore as a base to tap into the Asia-Pacific market. Set up in 1993, Unocal Pacific94 words
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208 1994-09-17 2 THE Economic Development Board is leading a recruitment mission to Australia to attract talent to work in Singapore. The mission from today until Sep 26 is the fourth of its kind to Australia and will cover Sydney, Melbourne and Perth. The team will interview208 words
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384 1994-09-17 2 Ramesh Dyanathan - By Ramesh Dyanathan CAR distributors are seeking changes to the vehicle quota system in view of the unrelenting rise in the premiums for Certificates of Entitlement. Motor Traders Association vice-president David Tay told BT that the organisation's384 words
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194 1994-09-17 2 FROM next month, Malaysian vehicles entering Singapore have to pay more for their vehicle entry permits, the Registrar of Vehicles announced yesterday. The current $20 daily fee for a car will be increased to $30, while the monthly fee goes194 words
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410 1994-09-17 2 TELECOM Equipment said yesterday it was not against parallel imports, and that its actions over the past few weeks had come because of concern consumers would be confused if its products were carried alongside such imports. It said it issued a statement410 words
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Article1440 1994-09-17 2 at} nm na nm o» Uto GA976 0010 RJ187 0100 Amsterdam SQ25 0630 KL838 2300 KL837 1450 SQ324 2345 kmMmd NZ21 1735 BAl 1 1505 SQ286 2040 NZ22 1850 Bafcrala GF148 0905 GF147 0500 B Sari h(MM BJ421 Hoi SO182 0915 SQ18I 1410 BI422 1210 B»4291,440 words
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Page 2 Advertisements
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Advertisement19 1994-09-17 2 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. BusmessTimes19 words
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Page 2 Miscellaneous
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Miscellaneous200 1994-09-17 2 Singapore: Generally hazy. Showers over several areas m the afternoon. (Temperature 32-25 M/U* Cm*. lam H/U* Cm*. Buenos AM 19/09 C*xo> AucMwvl I &Al7 Cloudy tmtdM 14/11 a ax>> O«ago 25/11 Ctajdy BirgMi 33/25 Sumy mmn» 28/18 Cloudy More**. 33/22 Ctajdy ST 24/14 M 16/06 Cloudy Houston 36/19 Shooxn Bomi200 words
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Miscellaneous170 1994-09-17 2 to America (5) so long (5) ship non-denominational to —Lh~~ 27 A woman initially found Upper Luton terrible (5) 8 Patent passenger list (8) YESTERDAY'S SOLUTION 28 No half-price resort for one 9 Like a really good book, Molslpl i ItIaIIMsIhIeIiIUaI who likes the French way one that can not170 words
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THE REGION
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Article, Illustration454 1994-09-17 3 Leslie Lopez - Reports from Leslie Lopez in JAKARTA MALAYSIAN Prime Minister Mahathir Mohamad held wide-ranging talks with Indonesian President Suharto yesterday on the first day of a two-day working visit. A senior Indonesian official said alter the more than hour-long meeting that theReuter - 454 words
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302 1994-09-17 3 PROPOSED plans for a massive Asean super grid took shape yesterday with the signing of an initial agreement between private companies from Malaysia and Indonesia to build a USS7.S billion (SSI I billion) power plant. Malaysia's Sikap Group and Indonesia's302 words
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Article262 1994-09-17 3 Harish Mehta - By Harish Mehta SINGAPORE Vietnam's gross domestic product grew 8 to 9 per cent from January to August this year, despite bad weather slashing the winter rice crop in the north. The latest issue of the Vietnam Investment Review quotes Le Van Toan, director of the262 words
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386 1994-09-17 3 Reuter HONGKONG British Foreign Secretary Douglas Hurd said yesterday Britain wants to heal a rift with China over the 1997 handover of Hongkong, but ruled out new initiatives in upcoming talks with his Chinese counterpart. "What I willReuter - 386 words
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304 1994-09-17 3 AFP HONGKONG Governor Chris Patten's democratic reforms face their first real test tomorrow when Hongkongers cast ballots in neighbourhood elections, but apathy is threatening to confuse the results. For the first time, all seats on Hongkong's district boards largely powerless bodiesAFP - 304 words
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339 1994-09-17 3 Teh Hooi Ling - From Teh Hooi Ling in BEIJING CHINA'S Vice-Premier Li Lanqing is happy with the progress of the SingaporeSuzhou Industrial Township project. And he is particularly pleased by the marketing effort which resulted in a pioneer group of 14 international companies agreeing to339 words
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NOTEBOOK
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134 1994-09-17 3 AFP MANILA Investments in the Philippines' special export processing zones soared 406 per cent to 4.279 billion pesos (***** million) in the first eight months of this year, zone administrators said yesterday. The increase over the 843.8 million pesos invested in the zones in theAFP - 134 words
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Article101 1994-09-17 3 Bloomberg Business News TOKYO US Trade Representative Mickey Kantor told Japanese Ambassador Takakazu Kuriyama on Thursday that Japan needs to compromise further on trade. This is, in effect, a rejection of current proposals by Japan to resolve the US-Japan trade dispute, the AsahiBloomberg Business News - 101 words
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76 1994-09-17 3 Reuter JAKARTA An international trade-union organisation has called on its members to protest against the scheduled trial of Indonesia's independent labour leader Muchtar Pakpahan, which it fears will lead to the break-up of his union. In a letter to affiliates dated Wednesday, the Brussels-basedReuter - 76 words
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Article93 1994-09-17 3 AFP TAIPEI Taiwan is to relax controls on capital flows for outgoing and incoming investment applications as part of its economic liberalisation programme, the Central Bank of China (CBC) said yesterday. Under the move, local enterprises will be allowed to make overseas investments of upAFP - 93 words
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244 1994-09-17 3 Reuter CHIANG MAI, Thailand Asia's six Mekong river countries have agreed to focus ambitious plans for economic cooperation on building a road network to spur energy development and trade. The six Myanmar, Cambodia, China, Laos, Thailand and Vietnam wound upReuter - 244 words
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Page 3 Advertisements
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Advertisement146 1994-09-17 3 cmE PROVIDING COST-EFFECTIVE SOLUTIONS TO ALL W TERIALS^ Whether it's the handling of bulky loads in confined^^^^^^^^^ unloading along very narrow aisles of warehouses. Whatever your needs in materials handling are, n fIP v l CME Industries is well-equipped to provide you with vPJpflHn Al sensible, cost-effective alternatives solutions that146 words
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REGION/WORLD
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Article, Illustration653 1994-09-17 4 Attack expected to be over within hours; Haiti leader vows resistance Reuter AP WASHINGTON As President Bill Clinton mobilised America's military might yesterday for an anticipated invasion of Haiti, officials said the US invasion of Haiti could come within days and be over *inReuter; AP - 653 words
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488 1994-09-17 4 Reuter TOKYO The US yesterday filed a suit seeking more than 544 million yen (SSB.I million) in compensation from 53 Japanese contractors who allegedly rigged bids for construction projects at a US naval air station south-west of Tokyo. The suit, filed byReuter - 488 words
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324 1994-09-17 4 Reuter BEIJING China is likely to enter the General Agreement on Tariffs and Trade (Gatt) this year. Australia's trade minister said yesterday. Senator Bob McMullan was addressing a news conference at the end of a high-profile visit, during which he ledReuter - 324 words
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183 1994-09-17 4 Reuter TOKYO Japan said yesterday it would allow Taiwan's Vice-Premier Hsu Li-teh to attend the Asian Games in Hiroshima next month, despite strong objections from China. Chief Cabinet Secretary Kozo Igarashi said Mr Hsu would visit Japan as chairman of the TaipeiReuter - 183 words
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385 1994-09-17 4 Reuter SINGAPORE Beijing's excessive control over its oil-re-fining policies are nearing a critical stage not only for sup-ply-hungry China but also the Asia-Pacific region, a top energy analyst said yesterday. New policies to reassert central control over China's chaotic energy industryReuter - 385 words
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202 1994-09-17 4 AP Reuter BATON ROUGE, Louisiana A judge on Thursday ordered a homeowner to pay U*****,000 (*****,000) to the parents of a Japanese exchange student who was shot to death in 1992 when he went to the wrong house while looking for aAP; Reuter - 202 words
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Page 4 Advertisements
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Advertisement382 1994-09-17 4 CRADCOCK INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) (Incorporated In the Republic of Singapore) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 300 ol the Companies Act. Cap. 50. that the Final Meeting ol members of the abovenamed Company will be held at 4 Gul Street 1382 words
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Advertisement722 1994-09-17 4 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 DANIELZA ENTERPRISES PTE. LTD. (In Membera* Voluntary Liquidation) (Incorporated In the Republic of Singapore) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant lo Section 300 ot the Companies Act. Cap. 50, that the Final Meeting of members of the abovenamed Company will be held722 words
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Advertisement232 1994-09-17 4 TRESEDER INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) (incorporated In the Republic of Singapore) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Ad. Cap. 50. that the Final Meeting of members of the abovenamed Company w* be held at 4 Qui Street 1232 words
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Page 4 Miscellaneous
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Miscellaneous65 1994-09-17 4 LiraUMa cueßicpvu ej3iowp.Le.MT OF PSW P\NCHMeJR EoR»MG,bOR»HG, eoR»NG», DFV/ I"" O ASSOCIATED LTD, IVU-IM4 6ldk—, 9272 POONESBURY GARRY TRUDEAU l^ 3 verx ujell,sir. pavenporj unfortunately, wings got a you'll just ihavb SOHOUJPtPTHB BROUGHT HER WHOLE CLAN UTTLE OIfTOF CONTROL WUJARP HAVE TO 70 PO WRB 'KIPS FIRST'PRB66 ALONG. IT MAPS65 words
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THE WORLD
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433 1994-09-17 5 IHT BRUSSELS The United States and Britain are preparing a dramatic opening of telephone services between the two countries that is expected to unleash fierce price-cutting throughout Europe on transAtlantic phone calls, government and industry sources saidIHT - 433 words
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Article, Illustration50 1994-09-17 5 AFP LONDON French comics heroes Asterix and Obelix standing in front of Big Ben tower yesterday after arriving here from their village in the Asterix Entertainment Park near Paris. Their visit was part of a celebration to mark the 25th year of Asterix comics in the UK. AFPAFP - 50 words
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297 1994-09-17 5 FT LONDON Provisional antidumping duties on colour television sets from five Asian countries and Turkey are likely to be announced shortly by the European Union (EU), in a move that threatens to raise prices for European consumers. The decision follows an investigation launchedFT - 297 words
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WORLD WATCH
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Article72 1994-09-17 5 AFP WASHINGTON Scientists have unlocked a gene that can make plants and fruit grow bigger in what the US agriculture department says might be the first step towards replacing growth chemicals with genetic engineering. In a study published yesterday in the journal Science, researchers Jedrzej Szcrszen,AFP - 72 words
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Article61 1994-09-17 5 AFP LONDON Britain's public sector borrowing requirement (PSBR) rose to show a provisional deficit of £3.2114 billion (557.4 billion) in August from a revised deficit of £1.902 billion in July, the Treasury said yesterday. Analysts had forecast a budget deficit of about £2.5 billion. TheAFP - 61 words
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97 1994-09-17 5 Reuter SANTIAGO Peru and Argentina will show the strongest economic growth in Latin America this year, although the region as a whole will fall slightly short of 1993 levels, the UN organisation Ecla said on Thursday. In its 1994 report on the continent's economies. EclaReuter - 97 words
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Article86 1994-09-17 5 Reuter JERUSALEM The man in charge of economics in the Palestinian Authority running self-rule in Gaza and Jericho has tendered his resignation to PLO chief Yasser Arafat, a PLO official said yesterday. Mahmad Korei, also known as Abu Alaa, made the move a week ago butReuter - 86 words
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507 1994-09-17 5 John Helmer - From John Helmer in MOSCOW INDIA and Russia are close to agreements to boost trade, which officials hope will be formalised by Prime Minister Viktor Chernomyrdin when he visits New Delhi in December. Mr Chernomyrdin met the Indian Commerce Minister,507 words
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Page 5 Advertisements
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Advertisement231 1994-09-17 5 SarinaTang J An Exhibition-Sale of Sculptures Raffles Hotel Shopping Arcade (2nd Storey Foyer facing Seah Street) Aim/ GAUGUIN I l-em me nue debout, 1890/91 bronze height 59.5 cm. After a very successful exhibition at last year's /jt figure of GAUGUIN's standing nude, RODIN's romantic "Tresors", Sarina Tang Fine Art returns231 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article18 1994-09-17 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance Investment section)18 words
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Article, Illustration127 1994-09-17 6 Quak Hiang Whai - By Quak Hiang Whai Golden Hope Plantations rose from about $2 in April to close at $2.97 yesterday. It could go up further as the upward trend appears intact and the daily indicators are still neutral. Its daily RSI and stochastics are still below 75, and its daily127 words
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372 1994-09-17 6 Shiv Taneja - By Shiv Taneja SINGAPORE Listed broker Vickers Ballas Holdings hoisted group net earnings 36 per cent to $18.5 million in the half-year to June 30 on a 55 per cent rise in turnover to $99.5 million. Announcing the results yesterday, Vickers said372 words
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372 1994-09-17 6 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR SARAWAK'S Samling Corp Sdn Bhd (SCSB) wants to link Lingui Developments Bhd with Glenealy Plantations (Malaya) Bhd, two listed companies into which it is injecting some of its massive timber operations. SCSB, controlled by the Yaw372 words
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142 1994-09-17 6 Bloomberg Business News KUALA LUMPUR The owners of MBf Capital Bhd, the most active stock on the Kuala Lumpur Stock Exchange for the past two days, may be selling a 30 per cent stake to an unidentified buyer, The Sun newspaper said yesterday.Bloomberg Business News - 142 words
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Article, Illustration974 1994-09-17 6 Lee Han Shih; Conrad Raj - HOCK LOCK SIEW By Lee Han Shih and Conrad Raj SINGAPORE Some five years ago, the Hong Leong group made an unsuccessful bid for Apollo Enterprise, the owner of the Apollo Hotel and Shopping Centre974 words
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250 1994-09-17 6 A J Leow - By A J Leow SINGAPORE More tourists and a new ballroom has helped Shangri-La Hotel post a 124 per cent rise in interim group net earnings to $13.41 million, up from $6 million last year. The two factors drove turnover up 24 per cent250 words
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187 1994-09-17 6 SINGAPORE Main boardlisted Hwa Hong has lifted its interim net earnings by 18.8 per cent to $7.17 million, compared with earnings for the corresponding period last year of $6.03 million. The rise in mid-term earnings comes on the back of turnover of $155.03187 words
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277 1994-09-17 6 SINGAPORE Tibs Holdings has reported a 16.9 per cent drop in net earnings to $5.8 million, due largely to the poor performance of its bus operations. Turnover for the half-year edged up 3 per cent to $59.8 million. At pre-tax level, the profit from277 words
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362 1994-09-17 6 SINGAPORE Higher tax stifled the interim performance of property and healthcare group Parkway Holdings. The listed group said yesterday it made an interim net profit of $18.62 million in the six months to June 30. This was about one per cent down362 words
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175 1994-09-17 6 MBT KUALA LUMPUR Khazanah Holdings Bhd took over substantial stakes in five listed companies from the Ministry of Finance Inc last Saturday. The listed companies were notified of the changes by Khazanah and MOF on Tuesday. Khazanah's notice of interest of substantial shareholderMBT - 175 words
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Article198 1994-09-17 6 SINGAPORE Main board counter Inno-Pacific Holdings was the most actively traded stock yesterday, fuelling a week-long rumour that it is the subject of a takeover bid. Among the 34.88 million shares that changed hands during the day was a parcel of 30 million units, crossed198 words
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207 1994-09-17 6 SINGAPORE The listing of contract manufacturer Eltech Electronics has been upgraded from Sesdaq to the main board. Eltech, which listed on the junior board in June 1992. said yesterday the move had been approved by the Stock Exchange of Singapore and207 words
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COMPANIES
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Article, Illustration449 1994-09-17 7 MBT KUALA LUMPUR Malaysia Airlines' organisational revamp, as promised last month by new chairman Tajudin Ramli, has taken ofT. The two managing director posts have been abolished, new positions created, and oversized divisions cut to size. The most drastic change in the management structureMBT - 449 words
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490 1994-09-17 7 Juliette Walker - By Juliette Walker SINGAPORE British Gas and First Philippine Holdings Corp (FPHC) signed a preliminary agreement yesterday to pursue key natural gas projects in the Philippines. Downstream projects covered by the memorandum may include construction of an onshore gas transmission pipeline,490 words
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165 1994-09-17 7 Bernama KUALA LUMPUR IGB Corporation Bhd posted a group pre-tax profit of M 540.45 million (5523.5 million) for the six months ended June 30, up 14.7 per cent from M 535.28 million in the same period last year. Releasing its unaudited results,Bernama - 165 words
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Article119 1994-09-17 7 Bernama KUALA LUMPUR Palmco Holdings Bhd yesterday posted a 35 per cent drop in group pre-tax profit to MS 11.09 million (556.43 million) for the year ended June 30, from M$ 17.06 million previously. Group turnover, however, rose 16 per cent to M 5519.87 millionBernama - 119 words
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Article551 1994-09-17 7 H—PW' pricts Sep 17 A 19 Mendaki Gr Fund I 20 I 23*dfi Singapore Unit Trust lJS Gr Fund 101 1 o HMD 1 i i j The Commerce 1.68 1.78 UWD UtVtSl Hip Ltd The Savings Fund 1.61 1.70 I nifund |.J7 (,j S'pore Prog Fund 0.67 0.7lxd Umbo«d551 words
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COMPANY BRIEFS
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73 1994-09-17 7 Bernama KUALA LUMPUR Union Paper Holdings Bhd says significant price movements on stock prices are common due to an intermediate term strong bull market sentiment on the Kuala Lumpur Stock Exchange. Replying to a KLSE query on the unusual market action of its shares,Bernama - 73 words
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Article78 1994-09-17 7 Reuter KUALA LUMPUR Trading in the shares of Ayer Molek Rubber Co Bhd has been suspended at the company's request pending an announcement, a Kuala Lumpur Stock Exchange official said yesterday. The counter was the top gainer yesterday, jumping Mss2, or 44.4 per cent, to closeReuter - 78 words
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86 1994-09-17 7 SINGAPORE Material Handling Engineering has gone further into the red, chalking up a net operating loss of $4.8 million for the year ended June 30. This is a 13 per cent increase from last year's net operating loss of $4.3 million. The loss came86 words
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63 1994-09-17 7 Bernama SEREMBAN Lion Land Bhd expects turnover of Ms6o million (5535.8 million) from its Bandana Bahau township project near here on full completion in five years. Lion Group general manager (property) C K Chong said the first phase of the aroject should beBernama - 63 words
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280 1994-09-17 7 Shiv Taneja - By Shiv Taneja SINGAPORE The largest fund investing in Vietnam, the US$l2O million (*****.6 million) closed-end Vietnam Opportunities Fund, ended its first day of trading in New York at a premium to its net asset value. Launched by Singaporebased Templeton Investment Management280 words
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COMPANY BRIEFS
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97 1994-09-17 8 Reuter HONGKONG First Pacific Co Ltd said yesterday it has signed a joint venture agreement to build and operate a potato dehydration plant in China's Liaoning province. Total investment for the first phase of the project is U556.25 million (559.4 million). First Pacific China Ltd,Reuter - 97 words
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75 1994-09-17 8 Reuter TAIPEI A Taiwanese court has ordered a local toy company to pay NT$2.l million (S$ 118,860) in compensation to the Taiwan branch of Japanese video game giant Nintendo Co Ltd for copyright violation, a court spokesman said yesterday. Chia Pao Toy Co, based inReuter - 75 words
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67 1994-09-17 8 AP SEOUL South Korea's two state-run giants, Pohang Iron and Steel Co (Posco) and Korea Electric Power Co (Kepco), will list on the New York Stock Exchange next month. Posco and Kepco, both enjoying monopoly status here, will each issue US$3OO millionAP - 67 words
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69 1994-09-17 8 Reuter NEW YORK McCaw Cellular Communications Inc will spend more than US$l billion (SSI.S billion) to expand its national network and marketing in the next 18 months as it becomes part of AT&T Corp, the Wall Street Journal reported. AT&T could get approval fromReuter - 69 words
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212 1994-09-17 8 AP BEIJING Shanghai Automotive Industry Corp was the top Chinese firm among the 500 best performing industrial firms in 1993, an official report said yesterday. Management World Magazine, a publication of the State Council's research centre and the State Statistical Bureau, basedAP - 212 words
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382 1994-09-17 8 Lim Soon Neo - De-listings will weaken Hang Seng Index From Lim Soon Neo in HONGKONG HONG KONG Land Holdings Ltd and Mandarin Oriental International Ltd, both members of the Jardine Matheson group, yesterday announced their decisions to delist from the Hongkong stock exchange on Mar 31,382 words
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325 1994-09-17 8 HONGKONG Land Holdings yesterday reported a 10 per cent rise in net profit to US$lB2 million (SS27I million) for the year to June 30, 1994. Its sister company, Mandarin Oriental International Ltd, chalked up a 15.9 per cent325 words
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Article, Illustration56 1994-09-17 8 Reuter GLASOW, Scotland Phil lolan, from Associated Metal, with the stainless steel toilet, which will be installed neai'ly 6,000 metres up the side of Mount Everest at the base camp. The toilet will be first used by members of the British Mount Everest Medical Expedition, whichReuter - 56 words
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398 1994-09-17 8 Bloomberg Business News HONGKONG Global investors have given a cool response to China Huaneng Power International, whose imminent US stock listing has been substantially overpriced, according to analysts. "Power can be a profitable investment but not on these terms, and not atBloomberg Business News - 398 words
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SHIPS IN PORT
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Article573 1994-09-17 8 Vmm) Voy No 8erth Unreal Departure Vtud Voy No Berth frrhal Departure JuroflC Port Batam Speed4 ****** P01A 1/ 09/0/00 17 09/0800 Bonanza 9403 17/8 atone** 1709/0700 Beriasa 12/94 P02 1709/0930 17 09/2300 Cattn Star 115 )12 17 09/1400 Bntt tan 0894 P03 17.09/1100 17 09/2300 Hondo573 words
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Article1525 1994-09-17 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance RsJts Ship Voy No Etb/Btr Period From To From Ace Contr AC422* 17/2359 IB 16/1500 16/1659 16/1900 3 1/0700 17/1159 17/1400 Aa lade 2038 17/2350 IB 16/1500 16/1659 16/1900 31,525 words
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FINANCE & COMMODITIES
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353 1994-09-17 9 Quak Hiang Whai - Region offers best growth prospects, says chief By Quak Hiang Whai SINGAPORE Dutch banking group Rabobank plans to expand in Asia, with an eye on China, India, Malaysia, Thailand and Vietnam. The deputy general manager of the bank's international division, Hanno Riedlin, said353 words
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280 1994-09-17 9 SINGAPORE Thai property developer Land and Houses Public Company borrowed US$5O.5 million (Ss7s million) in the local capital market yesterday. The three-year floating rate note issue, which carries an interest rate of slightly more than 1 per cent above the London Interbank280 words
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246 1994-09-17 9 Knight-Ridder BANGKOK Thailand has announced plans for a fund to attract international finance for infrastructure projects in neighbouring countries, reports said yesterday. The scheme was outlined at a ministerial meeting of Mekong Delta countries in Chiang Mai. It calls for links andKnight-Ridder - 246 words
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SMALL CHANGE
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59 1994-09-17 9 Bloomberg Business News TOKYO Wharf Holdings Overseas Capital 1994 Ltd will offer 33 billion yen (***** million) worth of samurai bonds with five-year and five-month maturity, an official at Daiwa Securities, the lead underwriter of the bonds, said yesterday. The company isBloomberg Business News - 59 words
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74 1994-09-17 9 Reuter WASHINGTON Assets of the 680 US retail money market mutual funds increased by U*****.9 million (*****.1 million) to U*****.76 billion for the week ended Wednesday, according to the Investment Company Institute. Assets of the 420 taxable money market funds in the retail categoryReuter - 74 words
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69 1994-09-17 9 Reuter HONGKONG Standard Chartered Bank has opened a representative office in Chengdu, the capital of China's inland Sichuan province. The office is the bank's 15th in China. The company's immediate focus in Chengdu will be the introduction of foreign investment and foreign partners, the arrangingReuter - 69 words
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Article41 1994-09-17 9 Bloomberg Business News LONDON Royal Bank of Scotland Group pic, Britain's sixth largest bank, said yesterday it will merge its asset management arm with Newton Management Ltd, a top-performing UK pension management firm. Bloomberg Business NewsBloomberg Business News - 41 words
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293 1994-09-17 9 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE Four Singa-pore-based Japanese banks have arranged a USSI6O million (SS23B million) revolving credit facility for Astra International, Indonesia's largest assembler and distributor of vehicles, heavy equipment and machinery. The three-year syndicated loan is the largest tapped by293 words
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Article, Illustration430 1994-09-17 9 Bloomberg Business News NEW YORK J P Morgan Co has announced that Dennis Weatherstone, the English trader who helped transform the bank into a Wall Street powerhouse, will retire as chairman and chief executive at the end ofBloomberg Business News - 430 words
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313 1994-09-17 10 Bloomberg Business News NEW YORK The boom in corporate mergers and acquisitions isn't creating the huge fees for Wall Street that used to come with such transactions. This year's fees related to mergers and acquisitions are going to fall belowBloomberg Business News - 313 words
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Article, Illustration230 1994-09-17 10 Bloomberg Business News HONGKONG Fidelity Investments, the biggest American mutual fund manager, sees good investment opportunities in India, Mexico, Japan and Hongkong. "In India, the vast array of extremely well-managed, highgrowth companies on low valuations makes it very attractive,"Bloomberg Business News - 230 words
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Article, Illustration1502 1994-09-17 10 /radr-Hrtfhiai inde\ cakuhteil afamu S'pore'% lop 14 iraJinf partner* Bom' inr 198.5 (JS$/S$ forward rates Noon Sep 16 s$ Bid Offer 1-month ***** 1 4826 2-month ***** ***** 3-month 1.4755 1.4775 6-monlh 1.4747 1.4767 Sowxr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi on Sep IS Singapore dollars1,502 words
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Article, Illustration466 1994-09-17 10 DBS Bank weekly currency report L'Ss/mark: bears waiting to strike? Choppy trading was seen for US$/mark as the unit seesawed between 1.5340 and 1.5515 for the first four days of the week. The technical picture is still unclear. The potential bearish triangle remains intact,466 words
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299 1994-09-17 10 Bloomberg Business News WASHINGTON Fleet Financial Group Inc employed a little-known loophole in federal disclosure requirements to secretly invest in at least 14 north-eastern banks. The Providence, Rhode Island, company sought and received permission from the Securities and Exchange CommissionBloomberg Business News - 299 words
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419 1994-09-17 10 Reuter RIO DE JANEIRO Confirmation the Brazilian government is suspending the sale of five million bags of coffee stocks was greeted with relief by traders, if only because it should help stabilise jittery international markets. "It is a very good thing that the governmentReuter - 419 words
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305 1994-09-17 10 Bloomberg ENERGY REPORT LONDON Crude oil reversed a six-day price slump, which had pushed futures to their lowest prices in four months, as traders who had sold contracts bought them back. Trading activity was restricted however, in part because of the continued absence305 words
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Article197 1994-09-17 10 Reuter LONDON The dollar, baulked by resistance around 1.5500/20 marks, was moving sideways against a generally weak German currency in Europe. A "no comment' yesterday morning from the Swiss National Bank, on rumours its president Markus Lusser told bankers Germany may have room for one more cut,Reuter - 197 words
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Article97 1994-09-17 10 AFP NEW YORK The dollar fell against other major currencies yesterday in light trading following news that US industrial production rose to its highest level in five years. The 0.7 per cent rise in production to 84.7 per cent pushed interest rates on the bond market to 7.72AFP - 97 words
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COMMODITIES & FUTURES
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1329 1994-09-17 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures and Japanese government bond (JGB) futures ended slightly firmer after trading in a narrow range. Dealers said the Euroyen traded in a range in the absence of fresh news. They said the Euroyen tried the downside inReuter - 1,329 words
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677 1994-09-17 11 COMMODITY REPORTS Rubber TOKYO: Rubber futures surged on the back of firm prices overseas and lingering worry over the availability of supplies. Prices rose 3.1 to 5.9 yen per kg, with benchmark February closing up 3.5 yen at 126.9. February hit its life-of-contract high677 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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90 1994-09-17 11 PARIS French nickel and specialty steel producer Eramet said first-half 1994 nickel sales rose 16 per cent from the same period last year, to 26,885 tonnes, while high-speed steel sales rose 21 per cent to 11,472 tonnes. Selling prices recovered to levels near those90 words
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Article63 1994-09-17 11 TOKYO Japanese smelters consumed 90,004 tonnes of imported copper-in-concentrate in July, up 2 per cent from a year before, according to figures released yesterday by the Ministry of International Trade and Industry. Stocks of copper concentrate held by the smelters fell 18.5 per cent from a63 words
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102 1994-09-17 11 TOKYO Production of aluminium sheets and extruded products by Japan's seven major fabricators totalled 113,815 tonnes in August, up 13.6 per cent from a year before, according to the Japan Aluminium Federation. Of the total, August production of aluminium sheets rose 15.0 per cent in102 words
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Article80 1994-09-17 11 SYDNEY Australia's MIM Holdings yesterday said it has raised it copper cathode price by AS 50 (SSSS) to A 53,450 a tonne, effective Thursday. The price for standard copper rod was left unchanged at A 53.710 a tonne. Cathode prices are based on an average80 words
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Article1418 1994-09-17 11 Rubber Singapore Commodity Exchange (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct 94 199.00 199.00 200.25 i~25 p700 Nov 193.50 193.50 191.50 250 3450 Dec 189.50 186.00 187.75 1000 4100 Jan/Mar 95 186.00 183.00 183.75 15751,418 words
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REGIONAL STOCK MARKETS
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Article1136 1994-09-17 12 +8.2 CONTINUING anxiety over US economic data yesterday restrained prices, which closed only marginally up after failing to maintain an early rally. The All Ordinaries Index ended 8.2 points higher at 2,059.0. The All Industrials closed 13.1 higher at 2,930.6 and the All Resources rose 4.4 to 1,411.8. Turnover1,136 words
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Article652 1994-09-17 12 •12.08 Share prices fell yesterday, driven by lower metal prices abroad and the general lack of good news on the home front. The PSE Index shed 12.08 points to 2,942.38. Turnover was 3.23 billion shares valued at 1.63 billion pesos. Dealers said the market was weighed down by the652 words
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Article246 1994-09-17 12 18.67 Shares rebounded in line with a sharp rise in US stocks, as global inflation fears eased. The NZSE-40 Capital Index jumped 18.67 points to 2,111.87. However, the index was still down 2.2 per cent from a week earlier. Yesterday, advancers on the index outnumbered decliners by 19246 words
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Article578 1994-09-17 12 -8.77 Stocks ended lower in slow trade, with electrical and paper shares posting the largest loss. The Weighted Price Index declined 8.77 points to 6,981.2. Turnover was 1,16 billion shares worth NT567.16 billion. Thanks to bargain-hunters who attempted to cash in on heavy losses on Thursday, the market jumped578 words
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Article509 1994-09-17 12 12.05 The index reached 1,000.8 points yesterday, a 65-month record, as bulls overpowered government endeavours to cool the market, brokers said. The Composite Price Index staged a strong 12.05-point return from a 10.61-point slide on Thursday to hit 1,000.8, coming close to a record of 1,007.77 posted on April509 words
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Article87 1994-09-17 12 18.78 Share prices closed higher on sustained buying in a few select counters. Multinational drug companies stole the limelight following the government's announcement of a liberalised drug policy, they said. The 30-share BSE Index closed 18.78 points higher at 4,622.93. The 100-share National Index went up 8.40 at 2,184.83.87 words
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WORLD STOCK MARKETS
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Article670 1994-09-17 12 -47.6 STOCKS tumbled as signs of stronger-than-expected US economic growth heightened speculation of another rise in US interest rates. The FT-SE 100 Index fell for the eighth time in the past nine sessions, closing 47.6 lower at 3,065.1. A surprise increase in US plant use, or capacity utilisation, was670 words
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Article154 1994-09-17 12 -52.71 French stocks fell as a larg-er-than-expected rise in US industrial output rekindled concerns of a quickening pace of inflation. The CAC-40 Index fell 52.71 at 1,924.59. That more than wiped out Thursday's gain of 24.36 points. The biggest percentage losers on the CAC included Euro-Disney, which was down154 words
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Article201 1994-09-17 12 -21.29 German stocks fell in late trading, tracking a plunge in bond prices, after a Federal Reserve report raised concern that inflation will accelerate, forcing the Fed to raise rates for the sixth time this year. The DAX Index closed at 2,097.44, down 21.29, the lowest level in the201 words
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Article150 1994-09-17 12 -4.86 Belgian stocks dropped for the eighth time in nine days as rising bond yields threaten to raise borrowing costs for companies and making shares less attractive. A drop in the dollar also depressed stocks in companies with US activities. A lower dollar means less profit when US earnings150 words
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Article125 1994-09-17 12 133 Italian stocks rose as news that Montedison bounced back to profitability in the first half of the year fueled hopes for a slew of positive results. "It's the beginning of the half-year results season and it's a good start," said an analyst. The Mibtel Index rose 133 points125 words
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Article305 1994-09-17 12 •4.03 Dutch stocks closed at their lowest in seven weeks as bonds plunged on new concern over US inflation and budget deficits in Europe. The yield on the 30>-year 7.5 per cent government rose above 8 per cent for the first time ever, following rises in US yields. Treasuries305 words
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Article105 1994-09-17 12 -10.08 Swedish stocks closed lower, tracking declines in UK shares, after higher-than-ex-pected US capacity utilisation renewed concern that interest rates will rise. The benchmark OMX Index closed 10.08 points lower at 1,128.25. "The figures from the US led the market lower." said a trader. "The figures were higher than105 words
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Article240 1994-09-17 12 •25.3 Switzerland's leading stocks fell after a surge in US industrial output rekindled concerns about inflation and higher interest rates. The SMI Index closed 25.3 points lower at 2603.3. "We lost points this afternoon because of the bad figures from America on output and capacity utilisation," said a trader.240 words
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Article682 1994-09-17 12 Britannia Funds Sterling ash Bid Offer Mim Cap Deposit 38 6400 38 6500 Mim Jersey Gilt 0 1893 0 1992 Mim Mas Income *0 8900 *0 9MO LSS Cash Income Plus Fund *4 5100 *10 0200 PS Reserse Fund *5 3100 *5 3200 Sterling Lquits Euro Performance 0 4592 0682 words
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Article317 1994-09-17 12 -9 A late spurt in the gold price failed to lift gold shares yesterday and they closed near the day's mild lows, with a strong financial rand and general lack of interest depressing the market. The softer tone extended to industrials despite gains in New York, and which followed317 words
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Article267 1994-09-17 12 -9.55 stocks continued to soften at midday as the New York market was thrown into turmoil by triple-witching expiry and profit-taking. "I think what we are seeing here is the wonders of triple-witching," one trader said. "That's caused New York last night and this morning to go all over267 words
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Article754 1994-09-17 12 -33.31 The Dow Jones Industrial Average was down 33.31 points to 3,920.57 at Nam EDT. The NYSE Composite Index was off 1.51 to 259.91, while Standard poors 500-stock index was down 3.08 to 471.73. Declines pounded advances 1,313-488 among the 2,607 issues crossing the NYSE tape. Volume was754 words
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Article, Illustration2990 1994-09-17 13 Bloomberg Business News HONGKONG Stocks rose for a second day as traders interpreted a three-day advance in the US as a signal that investors could be returning to equity markets. The Hang Seng Index closed up 105.88 points at 9,968.52. The All Ordinaries Index rose 46.06 to 5,007.35. TurnoverBloomberg Business News; Source: Bridge Info - 2,990 words
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Article, Illustration547 1994-09-17 13 CLSA H SHARES dipped 4.62 points to 1,624.85 with turnover up slightly to HK.5246.1 million. Qingling Motors was down 2 per cent on volume of HK546.9 million. Bohai Chemical, Luovang Glass and Yizheng followed suit: all three counters slid one per cent on profit taking. Shanghai B shares fellCLSA - 547 words
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Article, Illustration2548 1994-09-17 13 Reuter TOKYO Stocks finished lower on corporate stock selling ahead of half-year book closings on Sep 30. Brokers said many investors do not expect a quick recovery in the Nikkei and will remain sidelined next week. "We thought corporate stock selling was over by Wednesday, but the sales continuedReuter; Source: Bridge Info - 2,548 words
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Article, Illustration1834 1994-09-17 13 Reuter BANGKOK The stock index ended the day higher but was unable to break the 1.550 resistance level. The index closed up 12.20 points at 1,546.24. It hit the day's high of 1,549 in early trade but failed to break the 1,550 level and swung back and forth inReuter; Source: Bridge Info - 1,834 words
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Article, Illustration990 1994-09-17 13 Reuter JAKARTA Share prices closed higher in sluggish trade. Brokers said the market lacked momentum, dragging on without any firm direction although prices ended broadly higher. "We might see the index close higher but the underlying tone wasn't firm." a broker said. Plywood maker Barito Pacific remained under sellingReuter; Source: Bridge Info - 990 words
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Article2554 1994-09-17 14 Idns Hyd 50c 25.690.000 MBf C apital 24.633.000 MBf Hkigs 50c 9.993.000 Tongkah W|99 8 897.000 McnangCorp 5.984.000 HLcong Prop 50c 5.441.000 Kcnong Bhd 50c 5.212.000 Mulpha Intl 50c 5.111.000 NBT 4.916.000 MBI Hldgs TSR96 4.626.000 iVuMsia 4.-*****0 Kulim (M) Wt99 4.326.000 Mulli-P Wl 3.949.000 MOST ACTIVE vafc*2,554 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6206 1994-09-17 14 Bloomberg Business News KUALA LUMPUR The leading stock index hit an eight-month high as investors rushed to bid up shares based on real and imagined corporate developments. Also, renewed expectations that the Prime Minister will call general elections brought out investors whoBloomberg Business News; Source: Bridge Info - 6,206 words
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STOCK EXCHANGE OF SINGAPORE
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Article8238 1994-09-17 15 [MAIN BOARD Transaction due; Sep 16~ Of C* M l»»4 Last Vol D» Last (>•«« W* Oh VM N« Cm A*t Hi** Lo« C ompaai Sate (-000) High Law 8»)«r Seller CNr HI IN00STR1AL AND COMMERCIAL 1440 *35 ml s Vma 1000 unch 49 1010 1000 1000 1010 ITS 4.78,238 words
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Article, Illustration1872 1994-09-17 16 R Sivanithy - By R Sivanithy SINGAPORE The market yesterday reacted indifferently to a powerful overnight surge on Wall Street, with prices closing mixed, although gains by blue chips pushed the Straits Times Industrials Index up by 16.34 points. Malaysian shares, however, continued to beCharts by Bridge Info; Source: Bloomberg - 1,872 words
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Page 6 Advertisements
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Advertisement186 1994-09-17 6 NEWS VALUE How today's news might affect your stocks Acma posts 151 pc rise in profit, proposes stock split (pg I) Results boosted by sale of Goldtron. Stock split will be welcomed by shareholders. Tax authorities to crack down on car dealers who trade in COEs (pg 1) Individuals will186 words
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Advertisement1154 1994-09-17 7 y s SHANGRI-LA HOTEL LIMITED (Incorporated in the Republic at Singapore) The Directors of Shangri-La Hotel Limited wish to report as follows:L'naudlted Results For The Sl« Months Ended 30 lune 1004 The Group The Company Six Si Variance Six Six Variance months months months months ended ended ended ended 30.6.941,154 words
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Advertisement13 1994-09-17 9 BUSINESS LIFESTYLE GBH EXCLUSIVE nSCOVERTHE HHH PRESTIGE OF THE f* w. _r\j£7 013 words
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Advertisement49 1994-09-17 10 You may have bean unable to get your Business Times, Straits Times, Sunday Times, UanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section oo 1800-749-2577, and ask tor home or office delivery service.49 words
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Page 11 Advertisements
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Advertisement165 1994-09-17 11 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 8.V.1 ISLE OF MAN BAHAMAS JERSEY BELIZE LIBERIA COOK ISLANDS MADEIRA DELAWARE Q MAURITIUS GIBRALTAR PANAMA HONG KONG U.K.165 words
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Advertisement40 1994-09-17 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday BusinessTmres40 words
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Advertisement42 1994-09-17 12 SI NGAPOKH rr BuanessTimes Wl KNOW AM Customer Relations Section Circulation Department m Singapore Press Holdings Limited 82 Genting Lane Occupation Fax BBBf m News Centre Singapore 1334 j m Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) M BTto»rr*W7olM I42 words
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Page 13 Advertisements
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Advertisement51 1994-09-17 13 FAST AND EFFECTIVE RELIEF FROM COLD AND FLU SYMPTOMS, h M ust smcnr «s omected New from the makers of Panadol. Panadol Relieves aches, pains and fever. rjrr^H Helps clear stuffiness unblock HVOAOCnOMOE 13m PMMCFTMKX iOOmo 5 vjj> Sterling mnn y noses. »*»»»**»*<> i Health Suppresses coughs. Available only at51 words
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Page 14 Advertisements
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Advertisement7 1994-09-17 14 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Page 15 Advertisements
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Advertisement46 1994-09-17 15 FAST AND EFFECTIVE RELIEF FROM COLD AND FLU SYMPTOMS. H JH UK SnCAYKORKIED New from the makers of Panadol. Panadol' Relieves aches, pains and fever. A i V WTTIH Helps clear stuffiness unblock I Sterling runny noses. aaWMimMm Health Suppresses coughs. Available only at leading pharmacies.46 words
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Page 16 Advertisements
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Advertisement95 1994-09-17 16 J V Don't J 1 nniss [AFTER] I FIVE I jft Your day may fl V be over But V your night is B just beginning! p 1 Get a drink, go dancing, hear a I the latest hit, iJ II see the hottest I B band in town^^H mfrj95 words
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Advertisement244 1994-09-17 16 MASTER ENGINEERING CONSTRUCTION (S) PTE LIMITED (la Members' Voluntary Wlndin« Up) Liquidator's Office 152 Beach Road #10-05/07 Gateway East Tower Singapore 0718 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act. Cap. 50. the Final General Meeting of the Company will be244 words
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Advertisement604 1994-09-17 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-600-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND JN THE MATTER OF ROYAL PARCEL EXPRESS (S) PTE LTD (In members 'Voluntary Liquidation) Members' Voluntary Winding-up At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at604 words
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Advertisement364 1994-09-17 16 IN THE MATTER OF THE COMPANIES ACT, AND IN THE MATTER OF BELLE TIMBER INDUSTRIES PTE LTD (Incorporated In th« Republic of Singapore) NQUCtQE SPECIAL RESOLUTIONS At an extraordinary general meeting of the members of BELLE TIMBER INDUSTRIES PTE LTD duly convened and held at 7500 A Beach Road #07-322364 words
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Advertisement328 1994-09-17 16 PALISADES DEVELOPMENT PRIVATE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Compeniee Act, Cap. 50 that the Final Meeting o1 Members ot tha above-named Company will ba hald at 10 Collyer Quay *21-01 Ocean Building. Singapore 0104 on Monday, 17 October 1994 at 10.00328 words
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Advertisement77 1994-09-17 16 H ISC ORE INVESTMENTS PTE LTD (IN VOLUNTARY JJOUIOATtON) NOTICE IS HEREBY GIVEN pureuant to Section 306(1) of tha ComparHaa Act, Cap. 90 that the Final Meeting of Members of Ihe abo*»namad Company will ba held at 10 Collyer Quay #21-01 Ocean Building. Singapore 0104 on Monday. 17 October 199477 words
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Executive Lifestvle
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Article, Illustration1563 1994-09-17 17 Michelle Low - Karaoke has certainly been a hit with Singaporeans, but is its popularity beginning to wane? Michelle Low finds out Michelle Low CHINESE businessmen still love it. Shenton Way types bave grudgingly, become regulars. Ang Peng Siong does it (in Mandarin, no less). Karaoke has come a1,563 words
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STRAWS IN THE WIND
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Article38 1994-09-17 17 THE HAZE may be causing some panic around Singapore, but one wit believes that it will increase the productivity of many senior executives. Why? Because the weather's too lousy for them to play golf.38 words
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Article71 1994-09-17 17 THE QUOTE of the week comes from Miss Singapore/World Angela Lee who was on TV recently. Host Lance Alexander said: "A lot of people associate beauty contests with skin contests. Do you think that's true?" The beauty queen paused for a few seconds and replied: "Skin is very71 words
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Article83 1994-09-17 17 AN EXPATRIATE hotel pastry chef, new in Singapore and deeply concerned about landing on the wrong side of the law, burst into the PR manager's office and asked anxiously: "I've just been asked to make a cake shaped like a naked woman. Will I be jailed for83 words
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OPINION
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Article, Illustration1043 1994-09-17 18 Tommy Koh - Tommy Koh deplores the tendency to portray Asian discussion of moral values as a blanket repudiation of long-cherished Western ideals Tommy Koh Professor Tommy Koh. Singapore 's roving ambassador, delivered this speech at a conference* on heritage in1,043 words
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Article, Illustration1084 1994-09-17 18 Neville Stack - Come off it Gerry Adams is definitely no Nelson Mandela Neville Stack says the glorification of the Sinn Fein leader might lead to disastrous misreadings of the IRA's long-term objectives Neville Stack The writer is a political commentator based in London. He writes regularly for BT. THE euphoria that followed1,084 words
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864 1994-09-17 18 Syed Farid Alatas - Syed Farid Alatas advocates greater public awareness of the power of the media to give a slant to matters that affect us all Syed Farid Alatas The writer is a sociologist lecturing at the National University of Singapore THE ROLE often set up864 words
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CORPORATE PROFILE
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Article, Illustration2646 1994-09-17 19 S N Vasuki - Can India's Tata Group adapt to the country's rapidly changing business environment? Ratan Tata is asked this a lot these days. The chairman of India's best-known business empire tells S N Vasuki how Tata plans to face the future Asia's corporate giants A fortnightly series S2,646 words
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766 1994-09-17 19 RATAN TATA's long association with Singapore started when the group established Tata Precision Industries, a tooling and machining shop in the early '70s. Mr Tata was impressed with the support the company received from organisations like the EDB and DBS Bank, and much later decided766 words
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Article, Illustration805 1994-09-17 22 SHAHIRON SAHARI - Travel By SHAHIRON SAHARI S S -w- -jr OU'LL love the desert safari." Peter, the South African PR officer livV ing in Dubai, told me. "Especially if you like roller-coaster rides." Actually, I don't, which made me think that maybe this trip was a mistake.805 words
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584 1994-09-17 22 MENTION Dubai and the immediate picture that comes to mind is one of masked terrorists waiting to pounce on unsuspecting transit passengers. But not so. Dubai may not be a hip place, but it's come a long way in shaking off this584 words
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Article, Illustration810 1994-09-17 22 SUSAN TSANG - Cinema Review By SUSAN TSANG WHEN nice-guy sheriff Ed Masterson (Bat's brother) gets murdered, hardman Wyatt Earp is recalled to Dodge City to clean up the place. He bursts into the saloon, preceded by his brothers, all wielding guns. "My name is Wyatt Earp! It all ends now!"810 words
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Article677 1994-09-17 22 JULIETTE WALKER - Woody Allen proves that he: hasn't lost his touch Cinema Review By JULIETTE WALKER AFTER two years of doubt, now we know. Woody Allen still has it. The writer-director solved the mystery with his latest film, Manhattan Murder Mystery. Movie-goers who've been on tenterhooks to677 words
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Article, Illustration705 1994-09-17 23 SHAHIRON SAHARI - CD Review By SHAHIRON SAHARI 3 TENORS: In Concert 1994 THIS is an opera album with a pop feel, one that should win over the unconverted and satisfy those who wish to taste the best of opera without having to work too hard. 3705 words
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SPORTS
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Article, Illustration502 1994-09-17 24 Presidents Cup NYT GAINESVILLE, Virginia It is medieval jousting without the lances, boxing without the blood and brain damage. It is a duel at 20 paces with golf baHs instead of bullets. It is match play, that taxing, wrenching exercise of golf in whichNYT - 502 words
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362 1994-09-17 24 AP LONDON The world does not really care about what is supposed to be ITS series. The French ignored it, the Italians gave it a fleeting mention and the English could not be bothered. Even baseballmad Japan only referred toAP - 362 words
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SPORT SHORTS
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Article, Illustration77 1994-09-17 24 AFP SANTA CLARA, California Two-sport star "Neon" Deion Sanders shrugged ofT the baseball strike on Thursday and signed a one-year. US$l.l million (551.63 million) deal with the NFL's San Francisco 49ers. Sanders, a free agent, turned down several bigger oners in favour of San Francisco's winning record. "WinningAFP - 77 words
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Article, Illustration165 1994-09-17 24 AFP HONGKONG Pan-Asian satellite broadcaster Star TV has beaten rival ESPN Asia to strike a fouryear television deal with the Asian Basketball Confederation (ABC), the regional governing body. The deal, worth an estimated US$l.5 million (552.2 million), will give the Rupert Murdoch-owned broadcaster exclusive satellite access to one ofAFP - 165 words
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Article, Illustration183 1994-09-17 24 Reuter ENDICOTT, New York US$9OO,OOO B C Open Ist rd I hursday (par-71, US unless stated): 63 JefT Sluman 64 Glen Dav. Joel Edwards. John Flannery 65 Mark O'Meara. Tom Byrum. Todd Barranger, Marco Dawson. Mike Heinen. KENT, Washington I *****.000 Safeco LPGA Classic Ist rd Thursday (US unlessReuter - 183 words
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Article, Illustration166 1994-09-17 24 AP WELLINGTON New Zealand will new! to improve substantially if it is to mount a realistic challenge for next year's World Cup in South Africa, coach Laurie Mains said vesterday. Mains said the performance of the All Blacks in 1994, during which the New Zealanders won only two ofAP - 166 words
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Article, Illustration108 1994-09-17 24 BARCELONA, Spain World Open 2nd rd Thursday: Jansher Khan (Pak xl) b Philip Whitlock (Eng) 15-9 15-8 15-8; Anthony Hill (Aust) b Ross Norman (NZ x 8) T5-9 17-15 15-9. Chris Walker (Eng x 6) b Zarak Jahan Khan (Pak) 15-10 15-7 10-15 15-9; Rodney Eyles (Aust x 4)108 words
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Article, Illustration68 1994-09-17 24 SAN DIEGO Star World Championships regatta fifth race I hursdav (skipper listed first): 1 Ross Mac Donald, Eric Jespersen (Can) 2 Enrico ChiefTi, Roberto Sinibaldi (Ita) 3 Pietro D'Ali. Corrado Cristaldini (Ita) 4 Carl Buchan, Fritz Lanzinger (US). Standings: 1 Mac Donald. Jespersen (Can) 13 pts 2 Alan Adler,68 words
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PEOPLE
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Article, Illustration265 1994-09-17 24 SINGAPORE AIRLINES will have a new home in early 1997 when the national carrier completes the redevelopment of its SIA Building in Robinson Road. The present 17-storey building will be demolished, and rising to replace it is a 35-storey edifice. SIA has reset the lease to265 words
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TIME OFF
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Article, Illustration785 1994-09-17 25 AP IT is 11 on a Wednesday night at JJ's disco in Shanghai. Fog pours from the fog machine, the dance floor is packed and Billy, the DJ from the Philippines, has just segued from a tune called Sex Drive to one called SweetAP - 785 words
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Article427 1994-09-17 25 Wife Begins at Forty Tim-Brooke Taylor heads the cast in this dinner-theatre that takes a look at the apprehension of facing middle age. Organised by the Hilton-British Airways playhouse. Till Sep 18. Cocktails: 7.45pm, dinner: 9.15pm; at the Hilton Grand Ballroom. Tickets at $110 and $125 for shows on427 words
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Article, Illustration513 1994-09-17 25 Concerto Evening Choo Hoey dons his coat and tails with the SSO as they perform various works from Mozart (Clarinet Concerto), Janacek (Violin Concerto Wandering of a Soul) and Shumann's Konzertstuck in Ffr 4 Horns and Orchestra, Op 86. Today. 8.15pm at the Victoria Concert Hall. Tickets at $4.513 words
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Article213 1994-09-17 25 Omnimax Movies Tropical Rainforests Experience the everyday existence of the rainforests of Costa Rica, Queensland and Malaysia and the inhabitants of these forests from the point of view of a bug. Show times: Ham, 3pm and 7pm (Mandarin). Tickets at $8 for adults and $4 (for children below 12).213 words
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Article989 1994-09-17 25 Fun With Prints Winning entries from the Printmaking Competition, all done by children who were invited to make original prints. Also works from artists Cng Seok Tin and Lim Mu Hue are featured. Till Sep 18 at the Children's Discovery Gallery. National Museum. Forms A Decade of Ceramics By989 words
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Article336 1994-09-17 25 STDs: All You Need To Know STDs or Sexually Transmitted Diseases have often been the bane of many societies. Syphillis. herpes, gonorrhea and even Aids usually occur because the necessary precautions are not heeded. This forum discusses how they are transmitted, the symptoms and what steps one can take336 words
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Article210 1994-09-17 25 Memories in the Creation of "A Little Older" A dialogue session between the awardwinning Scottish playwright, John Binnie and Josephine Peter, founder and director of The Necessary Stage. Sep 20. 6.30pm at The British Council Auditorium. Admission is free. Lantern Festival '94 This festival features the China Lingnan. Lantern210 words
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Article230 1994-09-17 25 Our Place in Time An exhibition of items contributed by Singaporeans from all walks of life. See the familiar with the unique that encompasses the Singaporean heritage and that which is what Singapore is made of: its people. Sep 16 to 25. at the Gallery. Memories of230 words
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Article97 1994-09-17 25 Kurt Eisner Liberty Awakens Exhibition on prints and lithagraphs of some 20 artists. Specially created for the revolution in Bavaria and the proclamation of the Free State by Kurt Eisner. Sep 1-18. at the Goethe-lnstitut Foyer (6th floor). Admission is free. An Evening of Piano with Hetdrun Hottmann Second97 words
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Article64 1994-09-17 25 The Necessary Stage It is looking for actors (both male and female) aged 20 to 40, for roles in their upcoming play My Grandfather in a Cellar for the Festival of Asian Performing Arts '95. Auditionees must be able to speak Peranakan. ie, Malay and Hokkien as well as64 words
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Article142 1994-09-17 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall, Ginza Plaza* Junction 8, Liang Court, Raffles City, Scolts, Specialists Centre.< Takashimaya. Cold Storage at Jelita and World Trade Centre. Also at the Victoria Concert Hall Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro-,142 words
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EPICURE
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Article, Illustration602 1994-09-17 26 JAIME EE - Bon Appetft By JAIME EE WIJEN it comes to oysters, most people would admit that the only bivjilves they've had the pleasure of bating would be those they've grapbed from some buffet spread in 1 downtown hotel. Which seems logical: who wants to eat half a dozen oysters602 words
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Article, Illustration625 1994-09-17 26 SUSAN TSANG - By SUSAN TSANG THE Rose Veranda at the ShangriLa, best known as the place to enjoy a long, civilised spot of tea, is now offering luncheon as well. Whereas afternoon tea used to take place anytime past noon, it has now been pushed to later in625 words
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Article747 1994-09-17 26 N K YONG - Wine By N K YONG IT IS TOUGH being at the top. You are damned if you do, and damned if you don't. When the Domaine Romanee-Conti (DRC) released its *****, it was severely criticised, basically for daring to charge such high prices for sub-standard wines. The wines747 words
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Article, Illustration1017 1994-09-17 28 Belle Epoque. During the Spanish Civil War, a deserter goes to a big house and sleeps with the master's four daughters. Best Foreign Film Oscar. (RA). Lido, Jade 11; 1.30; 4; 6.30; 9. Beyond Bedlam. British horror film. Prince: 11; 1.30: 4; 6.45: 9.15. Blown Away. Tommy Lee Jones1,017 words
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Page 17 Advertisements
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Advertisement181 1994-09-17 17 anFinl 24-ftour' Loan 4 Information $WViO» li Approval' 1 800 334 3588 1 i> 0 0• .< Ji t> S S AwWilt wlwiiil) SINGAPORE: tmimy l«»tin»ri 435 Orchard Road, *02-42. Wisma Aim, Singapore 0923. Tei: 733 71 IS. 591 Orchard Road, •0110 Takashimaya S.C. Singapore 0923. Td: 735 1283. Barberry*181 words
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Page 18 Advertisements
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Advertisement15 1994-09-17 18 A ©Place of birth: jOj Durango (fy O Q- o Q Age: Q aThirtysomething I15 words
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Advertisement35 1994-09-17 18 Doonesbury and Bristow are on Page 4 _____—————i Find a new tuner for your trumpet Toot your trumpet to a variety of virtuosos and clean out your store room with a convenient, fast-acting classified ad.35 words
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PERSONAL FINANCE & INVESTMENT
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BULLS' EYE
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Article, Illustration330 1994-09-17 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, G K Goh, Kay Hian James Capel, Morgan Grenfell Asia, Nomura Research Institute, Phillip Securities, S G Warburg, Smith New Court, UOB Securities and W330 words
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Article, Illustration264 1994-09-17 20 Christopher Fossick - Christopher Fossick Director, Richard Ellis receive many teleI phone calls each week J. asking what I think about the future of residential values in Singapore. I usually start off by telling the enquirer that I have recently purchased a property myself. The reaction is that prices must264 words
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Article, Illustration523 1994-09-17 20 Joyce Quek - Joyce Quek says property counters will benefit most as more firms move into Singapore Joyce Quek IF more companies respond to Singapore's call to set up operational headquarters (OHQs) here, firms offering office space are most likely to benefit. Finance Minister Richard Hu encouraged operational523 words
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Article, Illustration790 1994-09-17 20 Shiv Taneja - Shiv Taneja says regional ventures will bear fruit two to three years down the road Shiv Taneja FROM all appearances, food and beverage manufacturer Pokka Corporation (Singapore) Ltd's shares are worth subscribing to. First, its prospective price earnings790 words
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Thai inflation heading for a soft landing
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Article, Illustration948 1994-09-17 21 UP G R A D ING downgrading it seems like everyone is doing one or the other these days. But for some of us, we're still searching for that first apartment we can call home. Property prices have been948 words
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Article243 1994-09-17 21 HDB flats are purchased under the HDB's booking system. At the beginning of each quarter, a detailed booking programme is announced in the press. This gives the locations, number of units and prices of flats offered for sale. You can then submit your243 words
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Article150 1994-09-17 21 HAVING agreed on the price of the resale flat, you and the vendor need to jointly register your intent to buy and sell by submitting the application and request forms to the HDB. At the time of registration, you need to pay an150 words
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299 1994-09-17 21 HOW often have you answered an ad placed by a shady real estate agent the kind that says the apartment is in "move-in condition" but doesn't add that it's only livable if you're a cockroach? In buying or selling property, be aware299 words
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1115 1994-09-17 21 GETTING married and eyeing an HDB flat near your parents' home but worried about financing? Don't, there is the Top Up scheme. Thinking of upgrading to a bigger HDB flat in your choice location, but don't know if you can get1,115 words
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Page 20 Advertisements
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Advertisement97 1994-09-17 20 CAB NOW. PAY LATER. THE CORPORATE TRAVEL CARD =3 Attention All Traders Catch A Glimpse Of The Future.... With Omega Research's TRADESTATION 3 The World's Most Advanced Real-Time Technical Analysis Program That Has Taken The US Markets By Storm With System Automation Backtesting Signal Alerts Optimization Live Trendlines Performance Summaries97 words
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Advertisement9 1994-09-17 20 o f\ Name given eby parents: Doroteo Arango CP9 words
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Page 21 Advertisements
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Advertisement45 1994-09-17 21 I I-f only my boss would I nespcfrvJ -to these ads.. A femzr S* 1 Any Job. Any Career. Available Any Day. Any Time, anywhere. TmC New Pa?** Lianmi Zao.ao Lianmk Wan.ao Shin Min Daily News Bc.ita Hamian bckita mingcu JJBlil} mSS Sntgfipor* Frttt HoUrtgt45 words
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Advertisement13 1994-09-17 21 /ltoll f oriV l&ngj O Cause: Abolition of despotic government \gl/ /wai\ wlj13 words
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Page 22 Advertisements
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Advertisement22 1994-09-17 22 w Occupation: a Miner, bandit and \t# rebel leader i«®\ w f£s i Vgm/ 4f% Hobbies: Night attacks and Q lightning raids22 words
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Page 23 Advertisements
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Advertisement81 1994-09-17 23 PANCHO VILLA f In Mexico, a folk hero, q \v. *Hm? r *&*&&i 4; w >. f j> .»nV y j ;'",'-^.j^Vat• f >»' '&*•> U 1 1»-*!>■£■. -*u,. 1 f&-js%fir~:*' .V 'sW'V *r**d^r I In Singapore. ;p|||||.. V i o I I m X m A Jr M s81 words
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Page 24 Advertisements
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Advertisement146 1994-09-17 24 v jgf7 j Abo« A ■•yood H« Lid 1 Maritime Square 02-101 Expo TH 2721W42 Cortina Watch Centra Pte Ud Wl-36 Raffles City Shoppinß Centre Td: 33W185, *)132 Lucky riaza Tel 2350UM Delu*. taatera Watch Pte Ltd *)IH/2DCentrep«>inlT.i *****>. Jewellery Industrie. <S» Pte Ltd 44 Alexandra Terrace )IS Did* (Off146 words
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Page 26 Advertisements
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Advertisement29 1994-09-17 26 j I I i l PORTSHOTS The latest in sea, air and land transportation. Shipping Times. Monday to Friday. I Business Times NVOOVAW 1 1 I 1 U 129 words
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Advertisement106 1994-09-17 26 M ]kii A sumptuous and delightful spread of afternoon hi tea delicacies awaits you at the Cafe Aladdin. Choose from a tempting variety fish or chicken porridge. s»ew mai, sotong balls, chicken wings, otak otak, pizza, fried rice and nonya kuehs, home-made pastries fresh fruits. All these and lots more,106 words
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Advertisement23 1994-09-17 26 ——i |ji| IIIjNMKSS SPENDERS H— iwy>i *wp—« tt» IMIIBIUMJ J 11H 3 tinrn i t «»f« •■UK m ■>■■■■ p| »~h Ti l rVAILSBL^niEWSSTAND^23 words
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Page 27 Advertisements
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Advertisement702 1994-09-17 27 fe^NoihingßeatsAßud.[FVH^l OP FRESPfI PASTA MSAILY. F From Pasta Fresco. The only restaurant i to moke Its own spoclolty pasta. everyday. Savour perfect pizza, great y gelati and terrific Hramisu. All topped with Italian hospitality. Potto Frotca Do Sotvatoro Pto LM 30 800 l Quay. SIOIO4I (Open 24 hoursi Tel 532702 words
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Advertisement264 1994-09-17 27 WHERE TO WINE, DINE AND ENTERTAIN „1 Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. $12.00 (adult) E$ 8.00 (child) Karaoke High-Tea:264 words
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Advertisement397 1994-09-17 27 ifil Mooncake Festival At The Mandarin Singapore From now till 20 September, all our traditional mooncakes like lotus seed paste with 1, 2 or 4 egg yolk, snow skin or white lotus seed p^ste, assorted nuts with kjm hua ham, 7 stars with white lotus paste mooncakes are on sale.397 words
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Page 28 Miscellaneous
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Miscellaneous2514 1994-09-17 28 TODAY'S TV Health and Beauty Show. Morning Itmn■ I*l La 7.00 RegionaTNews (See The Grapes Of Wrath, 11.50 am, Travels La Carte, 6.30pm, 9.10 ABN News (M). SBC 12 SBC 12 7.00 Today ini France. 9.30 CNN News A Market t cr 730 Benta 12 (M). Wj Report (M). Henry2,514 words
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