The Business Times, 12 November 1994
1994-11-12
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The Business Times
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Title Section15 1994-11-12 1 SINGAPORE BusinessTimes WE KNOW ASIA MITA (P) 010/12/93 Weekend Edition, November 12-13 1994 75 c15 words
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641 1994-11-12 1 Corinne Kerk - By Corinne Kerk SINGAPORE It looks like it's going to be a blue Christmas for Orchard Road retailers this year. Even as the retailers prepare for what is traditionally the year's best period for sales, they are talking of stiff641 words
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543 1994-11-12 1 Yang Razali Kassim - Fran Yang Razali Kassim in JAKARTA SEVERAL Asia-Pacific companies are taking advantage of the Apec momentum to close deals, sign memoranda of understanding or just plain network with each other. The Astra Group, Indonesia's car assembler and distributor, is slated to543 words
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Article, Illustration410 1994-11-12 1 Reuter NEW YORK All 30 economists polled by Reuters say the Federal Open Market Committee will raise the 4.75 per cent federal funds rate target by 50 basis points at its Nov 15 meeting. Twenty-nine also expect the Federal Reserve Board to boost theReuter - 410 words
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368 1994-11-12 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE It has been a bumper year for directors of stockbroking houses. The six directors of G K Goh Holdings, for example, received a total of $13.29 million in remuneration for the financial year ended June 30, 1994. This368 words
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275 1994-11-12 1 SINGAPORE The Central Provident Fund will raise its interest rate on members' savings from 2.5 per cent to 3.1 per cent on Jan I, 1995. As a result, the Housing and Development Board's mortgage rate which is pegged 0.1 of a275 words
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144 1994-11-12 1 Reuter KUALA LUMPUR Malaysia's central bank has asked several banks to bump up their one-month fixed deposit rates for the second time in three weeks, money market dealers said yesterday. "(Bank) Negara asked some of the principal banks to raiseReuter - 144 words
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Article99 1994-11-12 1 Reuter NEW YORK Wall Street stocks continued to trade lower at midday, undercut by lower debt futures and hesitant ahead of next week's heavy economic calendar, analysts said. Declines led advancing issues by about 14 to six. US cash bonds were not trading due toReuter - 99 words
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85 1994-11-12 1 Bloomberg Business News LONDON The intricate web of Lloyd's of London litigation took another twist today with a UK court of appeal decision that allows Lloyd's investors to try to prove that Lloyd's violates European Community law. Reversing a previous UK high courtBloomberg Business News - 85 words
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Article163 1994-11-12 1 Stock narlwt Mint Friday Change STII 2,322.59 -7.35 KLSE Comp 1,029.87 -0.9S Nikkei 19,284.36 +19.51 Hang Seng 9,367.85 -22.9i SET Index 1,466.22 -6.3 Jakarta Comp 513.38 -0.53 CLSA China B ....1,115.50 -6.91 Amt All Ord 1,952.0 -19.3 FTSE 100 3.075.9 -27.6 W-i-a rr» rrmous lpa EST ckae DowJonet 3,796.08 3,121.99163 words
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Page 1 Advertisements
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Advertisement11 1994-11-12 1 Singapore Motor Show: el i Was it a fun ride? J11 words
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Advertisement8 1994-11-12 1 Asia's ruling families: el 5 The Indonesian giants8 words
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Advertisement8 1994-11-12 1 China, Thailand support free trade deadline, Pg 38 words
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Advertisement167 1994-11-12 1 Hock Lock Siew: p g 6 \r\ ICB should raise offer price for FSB RHAPSODY IN BLUE i ■'1 mmm I-' hand-enamelled and white jtrn •i ii ia iffl i 1 |J~ I Chronometer San Marco in platinum, 18 ct gold or stainless steel for gents and ladies ULYSSE NARDIN167 words
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Advertisement15 1994-11-12 1 Asia's Corporate Giants: el 3 I wj® Formosa's brave jHM flew HW/</ Hill 8 *****1******215 words
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Advertisement37 1994-11-12 1 Spore News 2 Spore/Ha 6.7 Refwal News 3.4 teporai/ttortf I Repon/World 45 FMtm Itartrt* Opnom EL2 Cwwaes J Corporate ProKe .EL3 SMWi/Comno 10.11 Sports OS «»0(1d/A V OM' -12.13 Epwire ttlO CM/KLSE 14 TV/Uert* -ELI2 SES 15,1637 words
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SINGAPORE NEWS
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Article, Illustration469 1994-11-12 2 Soh Tiang Keng - By Soh Tiang Keng FINANCE Minister Richard Hu yesterday predicted that the focus of international finance will start shifting to the Asia-Pacific soon. In his keynote address at the opening of the 16th Asia Pacific Forex Assembly here, he469 words
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399 1994-11-12 2 Ramesh Divyanathan - By Ramesh Divyanathan THE" Public Transport Council has set new guidelines to improve bus service standards. Communications Minister Mah Bow Tan said yesterday. Details of these guidelines will be revealed by the council today, Mr Mah said at the launch of a Singapore399 words
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354 1994-11-12 2 A J Leow - By A J Leow THE government is exploring the idea of allowing owners of smaller properties such as restored shophouses to sell them piecemeal on strata titles. The Acting Minister for National Development, Lim Hng Kiang, told a gathering of real estate354 words
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280 1994-11-12 2 SingaporeShandong council to meet next week THE Singapore-Shandong Business Council will hold its second meeting here next week. Tang Guan Seng, political secretary to Prime Minister Goh Chok Tong and co-chair-man of the council, will chair the meeting. The vice-governor of Shandong and the other co-chair-man, Song Fa Tang, will280 words
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Article, Illustration376 1994-11-12 2 Claire Leow - By Claire Leow MATSUSHITA Electronics Singapore (Mesa) is investing SlB million to make more high-end audio products at its plant in Bedok, as it transfers lower-end products to a sister plant in Pasir Gudang. Malaysia. A chain reaction follows from there, as the376 words
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Article, Illustration391 1994-11-12 2 THE Four Seasons-Regent hotel chain is poised to enter the Indian market within the next two years. Isadore Sharp, founder and chairman of Four Seasons, told BT yesterday that negotiations are in the final stages for two new hotels in Bombay391 words
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Page 2 Advertisements
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Advertisement286 1994-11-12 2 MFffiline An SPH AudioTex Service In English Number Horoscopes (Daily) 8450 The SCORPIO Career A Finance Entertainment News 8451 How To Paint The Town Red? Ghost Story 8452 A Mammy's Story; Win Prizes! Children's Funland 8453 Sun Wukong Meets The Demon King... Face Facts 8454 Mouth Dreamland 8455 Fandi Ahmad286 words
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Advertisement10 1994-11-12 2 Soiling your Car? For quick clooronco Colt C.A.T.3. on 1000-*****6010 words
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Page 2 Miscellaneous
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Miscellaneous482 1994-11-12 2 ItBSE! WEATHER Singapore: Showers over many areas in the afternoon. (Temperature 24-31). fate-PacMc NVU* C*al Earepe M/U* 6ML Buenos Ma 26/14 Cloudy Auckland 17/11 Cloudy Amsterdam 07/03 Cloudy Chicago 17/08 Cloudy Bangkok 32/24 Sunny Athens 16/09 Shwuer HonoMu 30/23 Ooudy Beijing 14/02 Sunny Berto 06/1 Cloudy Houston 26/17 rStomi Bombay482 words
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THE REGION
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Article, Illustration909 1994-11-12 3 Yang Razali Kassim in Jakarta - a INSIDE Apec By Yang Razali Kassim in Jakarta WITH four days to go before the Bogor summit, China and Thailand have shifted positions to support a 2020 deadline for Apec free trade. Initially weary of fixing a time-table for liberalising tradeAFP - 909 words
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Apec BULLETIN BOARD
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Article76 1994-11-12 3 The Straits Times JAKARTA The United States yesterday tabled several proposals to boost cooperation among Apec member economies and provide direct benefits and opportunities for the private sector. Secretary of State Warren Christopher also said that as part of the overall effort to buildThe Straits Times - 76 words
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91 1994-11-12 3 AFP JAKARTA US Secretary of State Warren Christopher said yesterday that Washington intended to retain some of the sanctions it imposed on Beijing after the 1989 Tiananmen Square killings, until China improves its human-rights record. "There are still some sanctions that were put onAFP - 91 words
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Article33 1994-11-12 3 AFP JAKARTA Chile yesterday became the 18th member of the Asia-Pacific Economic Cooperation (Apec) forum, swelling the ranks of supporters of freer trade in the regional grouping. AFPAFP - 33 words
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Article65 1994-11-12 3 The Straits Times SYDNEY Australian Prime Minister Paul Keating, in an apparent concession to Japan and Malaysia, said yesterday that it was not crucial for Apec members to achieve a target date for trade liberalisation. What is more important, he said, is to "get theThe Straits Times - 65 words
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69 1994-11-12 3 Reuter JAKARTA Indonesia has prodded Japan to ratify last year's Uruguay Round agreement on global trade, a Japanese official said. He quoted Indonesian Foreign Minister Ali Alatas, during a brief exchange with his Japanese counterpart Yohei Kono, as saying: "I think the Uruguay RoundReuter - 69 words
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Article79 1994-11-12 3 Bernama JAKARTA Being the only woman among the 18 Apec trade ministers does make Malaysia's International Trade and Industry Minister Rafidah Aziz somewhat special. But when asked by a journalist about it, Ms Rafidah replied she hoped "nobody asks me that question again inBernama - 79 words
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Article, Illustration334 1994-11-12 3 Anthony Rowley - Ex-minister Matsushita to head Bank of Japan From Anthony Rowley in TOKYO YASUO MATSUSHITA, a former deputy finance minister and currently an adviser to Sakura Bank, one of Japan's leading commercial banks, has been chosen as the next governor of the country's central bank, the Bank of Japan. He will334 words
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308 1994-11-12 3 Knight-Ridder SINGAPORE The start of Malaysia's north-east monsoon has effectively squashed all remaining hopes evident since April of an early general election this year. And judging by the various barometers of interest in the topic, most policymakers and opinion watchers have also ruledKnight-Ridder - 308 words
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Article, Illustration69 1994-11-12 3 AFP DHAKA A horse-drawn carriage, one of the few left here, rushing past pedicabs on Thursday during a nationwide general strike called by the eight-party Democratic Alliance (LDF). The LDF called the stoppage in support of mainstream opposition demand for elections under neutral interim administration. About 50 peopleAFP - 69 words
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426 1994-11-12 3 Change in demands and needs prompts new policy, says government Reuter BANGKOK Thailand yesterday decided to reverse a policy to grant the right to produce hot and cold-rolled steel to only one company by opening up the market to support the growth ofReuter - 426 words
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429 1994-11-12 3 MBT KUALA LUMPUR The three former senior officers of Rakyat Merchant Bankers Bhd who were found guilty of contravening the Banking and Financial Institutions Act (Bafia) 1989 were yesterday sentenced to one day's jail and fined a total of MS 170,000 (S$98,000). Azizan Abdullah,MBT - 429 words
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273 1994-11-12 3 Reuter AFP COLOMBO Sri Lanka's president-elect Chandrika Bandaranaike Kumaratunga will choose her mother, Sirima Bandaranaike, for a third term as prime minister, a senior minister said yesterday. "Sirima Bandaranaike will be the next prime minister of the country. She will probably takeReuter; AFP - 273 words
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REGION/WORLD
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499 1994-11-12 4 Ho Kay Tat - Reports from Ho Kay Tat in KUALA LUMPUR CHINA yesterday sought to allay fears its neighbours may harbour that it would flex its military muscle once the country had developed into a powerful economic force. "Even if China becomes rich499 words
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360 1994-11-12 4 CHINA is ready to help set up the East Asian Economic Caucus (EAEC) promoted by Malaysia even if Japan decides to stay out, a senior Chinese official said yesterday. "We are ready to work with other countries to set up360 words
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266 1994-11-12 4 Reuter TOKYO Rogue trading by one of its executives in the volatile world of financial derivatives cost a medium-sized Japanese brokerage 32 billion yen (SS4B2 million), the company announced yesterday. "The general manager of the bond department made a loss ofReuter - 266 words
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279 1994-11-12 4 Bloomberg Business News HONGKONG China's trade surplus widened by US$ 1 billion (551.47 billion) in October. Exports grew 29.6 per cent over the year-earlier month to US$lO.4 billion while imports rose 8.7 per cent to US$9.4 billion. "It's good news because it shows thatBloomberg Business News - 279 words
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Article1448 1994-11-12 4 ag nm n* nm CTP hkm MmM GA976 0010 RJ187 0100 Aantartoai KL838 0001 SQ25 0635 SQ324 2330 KLS37 1540 KL838 2335 /UchlMd NZ21 1710 BA11 1350 NZ21 1735 NZ22 1825 SQ286 2035 NZ22 1850 SQ286 2040 SQ286 2040 SQ7295 2240 SQ7295 2240 SQ7295 2340 Bairata1,448 words
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Article, Illustration444 1994-11-12 4 AFP Reuter LONDON Britain said yesterday it will honour its commitment to Malaysia's Pergau Dam despite a high court ruling that the grant was illegal, a ruling over which Foreign Secretary Douglas Hurd said he almost resigned. The decision onAFP; Reuter - 444 words
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342 1994-11-12 4 Al Labita - From Al Labita in MANILA PHILIPPINE President Fidel Ramos would give "high priority" to the Korean Exchange Bank's application to set up a branch in Manila, visiting South Korean president Kim Young Sam said yesterday. "We are very grateful for342 words
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NOTEBOOK
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99 1994-11-12 4 Bloomberg Business News JAKARTA A new tax law expected to be signed by Indonesian President Suharto this month will allow government officials to ofTer tax breaks to foreign investors. "Our new tax law gives us the flexibility to give special treatment to certain projectsBloomberg Business News - 99 words
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62 1994-11-12 4 Reuter TAIPEI Taiwan's Securities and Exchange Commission will revise regulations to remove the ceilings for foreign investment in listed companies despite possible objections from the central bank, an official said. Currently, a single institution's holdings in a company cannot exceed 5 per cent ofReuter - 62 words
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72 1994-11-12 4 AFP BEIJING China has firmly denied reports of a plague epidemic in many cities, saying that no more than 10 cases had been reported each year since the disease was brought under control in 1955. "As to the rumours that plague is spreading in moreAFP - 72 words
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53 1994-11-12 4 AFP NEW DELHI The Indian government has announced plans to open railway projects to private bidders and sell 11 loss-mak-ing textile and paper factories. Guage conversion, electrification, bridge construction and procurement of passenger coaches, freight wagons and containers would be open to theAFP - 53 words
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56 1994-11-12 4 AFP NEW DELHI After three years of economic reforms, the market bug has even bitten the Indian military. The Ordnance Factory Board became the first defence establishment to enter the civilian market on Thursday by announcing that the Jonga, an army all-terrain vehicle, would beAFP - 56 words
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81 1994-11-12 4 Bloomberg Business News NEWCASTLE Australian Transport Minister Laurie Brereton said employers granting themselves big pay raises are fuelling worker demands for higher wages, which in turn risks a higher inflation rate. "The rate of growth in executive remuneration continues to outpace average earnings, withBloomberg Business News - 81 words
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THE WORLD
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Article, Illustration486 1994-11-12 5 Leon Hadar - From Leon Hadar in WASHINGTON STILL recovering from his major political defeat and on the eve of an important trip to Asia where some of America's allies are concerned about the rise of isolationist and protectionist sentiment in the United States,Reuter - 486 words
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Article, Illustration381 1994-11-12 5 AP ZEMACH, Israel Shaking hands with well-wishers and kissing a baby, Jordan's King Hussein put a warm human face on his peace treaty with Israel on Thursday, becoming only the second Arab leader to publicly visit the Jewish state. King HusseinAP; Reuter - 381 words
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190 1994-11-12 5 NYT Reuter WASHINGTON Breaking with its European allies, the Clinton administration has directed the American military to stop enforcing the arms embargo against the Bosnian government, beginning today. Under the new policy, which has been sharply debated within the administration, the United StatesNYT; Reuter - 190 words
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355 1994-11-12 5 Reuter WASHINGTON The IMF is considering opening up a new multi-billion dollar lending window to help former communist countries and developing nations shield their currencies from speculative attack, sources said. Russia and the Ukraine would likely be the first countries to borrowReuter - 355 words
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WORLDWATCH
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Article62 1994-11-12 5 Reuter WASHINGTON Foreign military sales of US weapons dropped dramatically to US$l2.9 billion (5518.9 billion) in fiscal year 1994 from U5533.2 billion in the previous year, the Defence Department said on Thursday. In a dark forecast for big US aerospace firms, department officials also predicted thatReuter - 62 words
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Article113 1994-11-12 5 Reuter PARIS Socialist European Commission President Jacques Delors has overtaken conservative Prime Minister Edouard Balladur for the first time in an undeclared race for the French presidency, a poll published yesterday showed. The survey also showed that Jacques Chirac, the leader of the Gaullist PartyReuter - 113 words
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75 1994-11-12 5 Bloomberg Business News WASHINGTON The Agriculture Department said it's considering an export credit package of as much as US$2OO million for China and could soon make Ukraine eligible for export aid. Christopher Goldthwait, general sales manager of the USDA, said officials are "getting closeBloomberg Business News - 75 words
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Article81 1994-11-12 5 AFP TIRANA Albanian electors voted by 53.8 per cent to 41.7 per cent to retain the country's Stalinist-era basic law, official results of referendum on constitutional reform showed. The country's electoral commission issued the breakdown of Sunday's plebiscite in a statement broadcast on television.AFP - 81 words
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185 1994-11-12 5 Bloomberg Business News MUNICH Bundesbank president Hans Tietmeyer said yesterday that German interest rates could move either way, hinging mainly on how fast money supply is growing. "By no means do we currently have a one-sided focus on the issue ofBloomberg Business News - 185 words
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167 1994-11-12 5 Reuter FRANKFURT Dresdner Bank AG of Germany yesterday said it had filed a complaint against unknown officials of the tax investigation authorities for breach of official and tax secrecy laws. It said the charge was based on the fact thatReuter - 167 words
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Page 5 Advertisements
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Advertisement394 1994-11-12 5 BUSINESS TIMES TOLL —FREE TEL. No. 1 -800-741-1883 FA X 741-1 298 mCQMnUKS*CT.CAftM VFWOM MOWTOMM SfRVtCU (siMCAfonqm. m. SKCUL Ksoumois MSSIO M 4tt ■HHBfcH. IWi H v edraontary pen®ral raiting of N company IwW on to 4» day o» Novwfc* 1994 at 11.15 UUhl tallowing spaciai raoiubons Mr* pttstd: i394 words
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Advertisement416 1994-11-12 5 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, UNITED ASIAN SHIPPING PTE LTD of SINGAPORE hereby give notice that in consequence of CHANGE OF SHIP'S NAME. We have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 179) in respect of the416 words
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Page 5 Miscellaneous
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Miscellaneous61 1994-11-12 5 i SALARIED SWF I X DIRECTOR'S DiNiNH. 1 SE-CTiow I I———^ ASSOCIATED NEWSPAPERS LTD., DOOWESBURY GARRY TRUDEAU W'urvtfn.T W...6RBAT CDOL! UJHAt\ IT UJASIOE/RP. WW IN FACT. &6IN6QUALIY 2XP-LI ZONK.WU*. me THE /WARMLY ue WW nepsoßrcFprsajuiI VOTBme MOOD OF PR&ERREV CAN- W REP YOU. KJNPOFA f uadm* /UUCHAPP&- OURFEL- MATE*UHOUERE FORREST61 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article19 1994-11-12 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)19 words
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Article, Illustration91 1994-11-12 6 Quak Hiang Whai - By Quak Hiang Whai Tuan Sing Holdings is one of the favourites with speculators and currently looks like an attractive short-term punt. With its overwhelming oversold daily indicators, the stock probably has very limited downside risks. Any further dips could therefore be a good buying opportunity. But the91 words
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371 1994-11-12 6 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE Amcol Holdings Ltd yesterday struck a conditional agreement to lead a consortium of companies to build, operate and transfer the new Guangdong section of China's National Highway 107 at a cost of three billion renminbi (SSSIS million). National Highway371 words
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Article, Illustration184 1994-11-12 6 SINGAPORE The OCBC group will spend $194 million on its plans to develop OCBC Centre East, a long-delayed office property project located at Philip Street. The building contract for the 15-storey block has been awarded to a Nishimatsu-Lum Chang joint venture.184 words
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158 1994-11-12 6 SINGAPORE A subsidiary of GP Batteries International will spend $13.7 million building a 30,000 sq m plant in Dongguan, China. The plant to be set up by subsidiary Sylva Industries will make high-end rechargeable batteries and packs for use in equipment such158 words
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304 1994-11-12 6 SINGAPORE Tough market conditions, fanned by the relentless anti-smoking drive, have driven dpwn the half-year sales and earnings of Rothmans Industries Ltd. The main board-listed tobacco maker's net earnings for six months ended Sep 30 fell to $21.1 million, down 14.9 per cent304 words
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905 1994-11-12 6 Alvin Tay - HOCK LOCK SIEW By Alvin Tay SINGAPORE How much would you pay for Far Eastern Bank (FEB), a small unlisted bank in Singapore? Wee Cho Yaw, chairman of the United Overseas Bank group, says one FEB share is905 words
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360 1994-11-12 6 Teh Hooi Ling - From' Teh Hooi Ling in YANTAI CITY SINGAPORE'S Sembawang group plans to build a power plant in Yantai, said the city's deputy mayor, Wang De He, yesterday. The plant will supply electricity to the Yantai Economic and Technological Development Zone, Yantai Port and360 words
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Article62 1994-11-12 6 IN our report on SPH's annual results last Saturday, we wrongly reported that SPH expects to spend another $300 million to redevelop its Times House property at Kim Seng Road after 1996. The redevelopment of Times House and Times Industrial Building in Thomson Road are together expected62 words
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COMPANIES
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460 1994-11-12 7 Bloomberg Business News BANGKOK Thai Petrochemical Industry pic (TPI) plans to raise between 7.5 billion baht (*****.7 million) and 9.2 billion baht in an initial public offering. The sale will help fund a 40-billion baht project to turn the companyBloomberg Business News - 460 words
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487 1994-11-12 7 Genevieve Cua - By Genevieve Cua SINGAPORE The eight consortia which have been shortlisted to tender for mobile phone and paging licences were given details yesterday of the minimum service standards they have to comply with and the licence fees to be paid. The licence487 words
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Article130 1994-11-12 7 MBT KUALA LUMPUR IJM Corporation Bhd's subsidiary, IJM International Ltd Hongkong, will take up a 20 per cent stake in Amcol Pacific Infrastructure Pte Ltd (API), Singapore, for Ms 29 million. API has entered into a cooperative joint-venture contract with Guangdong Qingyuan Highway CoMBT - 130 words
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Article499 1994-11-12 7 Mmicmi' friCM Nov 12 14 Mcndaki Gr Fund 1.16 1.19 IMt Tract 0.96 I 00xd w The Commcrcc 1.67 1.77 U06 Asset Mgt Ltd The Savings Fund 1.62 1.71 Unifund I 50 1.57 S'pore Prog Fund 063 0.67 Unibond 1.045 1.07 S pore Sec Fund 099 1.05 United Gr Fund!499 words
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217 1994-11-12 7 AFP MANILA Taiwan's Tuntex Group has pulled out of a 42 billion peso (552.56 billion) project to redevelop a former US military site in the northern Philippines due to local opposition, forcing authorities to adopt a scaled-down plan, anAFP - 217 words
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236 1994-11-12 7 Reuter Bernama KUALA LUMPUR The property arm of Malaysian Helicopter Services Bhd (MHS), Technology Resources Property Sdn Bhd (TRP), is close to striking a deal to build and develop a medium-sized business class hotel in the Maldives. Maldives Minister for TourismReuter; Bernama - 236 words
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Article, Illustration262 1994-11-12 7 Joseph Rajendran - By Joseph Rajendran SINGAPORE PC multimedia firm Aztech Systems has hired one of Singapore's top computer professionals to head its research and development division. The Sesdaq company said yesterday its new research chief would be Christopher Chia, who is now serving262 words
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235 1994-11-12 7 Reuter Bernama MANILA The Philippines Stock Exchange says it has approved an application from Zalik Bhd of Malaysia for corporate membership. The exchange said Zalik obtained membership through the transfer of an inactive seat previously registered under a local name. An exchange statement gaveReuter; Bernama - 235 words
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COMPANYBRIEFS
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25 1994-11-12 7 SINGAPORE Material Handling Engineering subsidiary Chrisma Technology has sold its 60 per cent stake in Malaysian firm Serimau for $33,073.25 words
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Article28 1994-11-12 7 SINGAPORE DBS Land subsidiary Esmaco has developed an automatic pumping control system to ensure adequate water pressure in a building 24 hours a day.28 words
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Article18 1994-11-12 7 SINGAPORE Yeo Hiap Seng appointed Joanne Lim Swee Lee as its company secretary yesterday.18 words
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Article46 1994-11-12 7 Reuter KUALA LUMPUR The shares of loss-making firm Construction Supplies House (CASH) were suspended yesterday pending an announcement. CASH was last traded at M 56.10, up 25 sen from Thursday. Brokers said it was rumoured to announce a timber deal in Sabah. ReuterReuter - 46 words
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Article44 1994-11-12 7 Reuter JAKARTA Indonesian tyre maker Gajah Tunggal has oba US$ll7 million (SSI72 million) revolving credit futility to refinance existing borrowings and for working capital. The deal, signed yesterday in Singapore, was syndicated by a consortium of 13 banks. ReuterReuter - 44 words
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Article32 1994-11-12 7 Bloomberg Business News HONGKONG Hong Kong Telecommunications yesterday opened a high-speed link with Guangzhou and several other large cities in China's Guangdong province. Bloomberg Business NewsBloomberg Business News - 32 words
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34 1994-11-12 7 BANGKOK Two people have been given suspended jail terms and fined 350,000 baht (5520,600) each after they confessed to having manipulated the shares of property firm Krisda Mahanakorn.34 words
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COMPANYBRIEFS
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Article57 1994-11-12 8 Reuter WELLINGTON Brierley Investments Ltd said yesterday it has bought a further 1.4 per cent of clothing manufacturer LWR Industries Ltd, taking its stake to 65.7 per cent. BIL said it bought 700,000 LWR shares at NZ$2.O9 each. The purchase price was fiveReuter - 57 words
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79 1994-11-12 8 Bloomberg Business News HONGKONG China's Zhenhai Refining and Chemical Co is selling 600 million shares to foreign investors to raise HKSI.43 billion (SS27I million) to fund expansion, the issue's lead manager said yesterday. Zhenhai shares have been priced at HKS2.3B each, said a directorBloomberg Business News - 79 words
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63 1994-11-12 8 Reuter TAIPEI United States-based AT&T Corp has started production at its first personal computer plant in Asia, at Hsinchu in Taiwan, a company spokesman said yesterday. The plant, set up by the company's Taiwan affiliate, AT&T Taiwan Telecommunications Co Ltd, began production in October andReuter - 63 words
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79 1994-11-12 8 Reuter WASHINGTON The Securities and Exchange Commission has adopted new rules requiring brokers and dealers to provide more information to their customers when issuing trade confirmation statements. The new rules will require brokers to add information regarding mark-up costs in certain specified NasdaqReuter - 79 words
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Article, Illustration413 1994-11-12 8 Bloomberg Business News SYDNEY News Corp and Telstra Corp will spend up to As 4 billion (554.4 billion) to develop a pay television venture providing four million Australian households with movies, news, drama, sports and home shopping. Government-owned telecommunications concernBloomberg Business News - 413 words
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272 1994-11-12 8 Bloomberg Business News NEW YORK AT&T Global Information Solutions said on Thursday it will sell its NCR Microelectronics products division to Hyundai Electronics America for over US$3OO million (Ss44l million). Exact terms of the transaction were not disclosed. The acquisition, which isBloomberg Business News - 272 words
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Article, Illustration380 1994-11-12 8 Bloomberg Business News TOKYO Mazda Motors Corp, bled by the strong yen's drag on export revenues and weak sales for cars in Japan, saw its current loss double in the six months ended Sep 30. Mitsubishi Motors Corp was also hurt by theBloomberg Business News - 380 words
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320 1994-11-12 8 Bloomberg Business News TOKYO Kawasaki Steel Corp, Sumitomo Metal Industries Co, NKK Corp, Nippon Steel Corp and Kobe Steel Ltd reported losses in the latest six months, hurt by the continuing recession, an appreciating yen, declining domestic prices and weaker demand from China. However,Bloomberg Business News - 320 words
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SHIPS IN PORT
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Article416 1994-11-12 8 Vrod Voy No Berfli Vrivd Departure Vttsri Voy Ho Berth Arrival Departure i Jurwit Pert Hopntl 9410 P07 1111/1400 11 1 1/2300 Mam Tang»as 43 M alongside 1211/0800 tnesba 44MF P07 11.11/1/30 11.11/2130 King Be 11/03/94 II alongside 1211/0030 Wian 3 312A94 P03 12.11/1500 1211/2300 tank 11/04/94416 words
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Article1384 1994-11-12 8 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Balance Rslts Slip Voy No Etb/Btr Period From To From to Hfc 2MB 11/1300 1A 10/IMP 10/1659 10/1900 to Lotus 0S8A 12/1500 18 10/1500 10/1659 10/1900 28 10/1700 11/0659 11/0900 41,384 words
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FINANCE & COMMODITIES
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Article, Illustration506 1994-11-12 9 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE China will allow the Hongkong dollar to be used after Hongkong reverts to Chinese rule in 1997 but in the longer term, the country is likely to have only one currency. Zhu Ziaohua, deputy governor of506 words
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285 1994-11-12 9 R Sivanithy - By R Sivanithy INTERNATIONAL credit rating agency Moody's Investors Services yesterday announced the setting up of a regional subsidiary here a move that augurs well for the development of the fledgling Asian bond market. The new company, Moody's Singapore, is the firm's fourth285 words
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352 1994-11-12 9 Bloomberg Business News HONGKONG Moses Tsang, who announced his retirement as chairman of Goldman Sachs (Asia) on Tuesday, said he would set up his own investment company. "I want to set up my own business," he said in an interview.Bloomberg Business News - 352 words
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163 1994-11-12 9 AFP HANOI Vietnam should open its insurance market at a measured pace to avoid a repetition of the credit union collapse that rocked fledgling financial markets in the early *****, a report said yesterday. Nguyen Nam Cuong, head of BaoAFP - 163 words
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SMALLCHANGE
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97 1994-11-12 9 Reuter NEW YORK Chemical Securities Inc chief economist Charles Lieberman said he sees the US dollar holding in its current range through year-end, but it should climb to about 1.75 marks and around 115 yen by the end of 1995. "As interest ratesReuter - 97 words
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Article75 1994-11-12 9 Reuter MELBOURNE The Australia and New Zealand Banking Group Ltd said yesterday it has raised its reference (prime) lending rate for its top corporate borrowers by 0.25 percentage points to 9.75 per cent, effective on Monday. ANZ said it will also lift its lending rateReuter - 75 words
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Article89 1994-11-12 9 Reuter HONGKONG HSBC Holdings pic said its HSBC Asset Management Hongkong Holdings unit is launching an International Emerging Markets Equity Fund managed by a team from Hongkong, London and New York. The units, to be launched between Nov 11 to 30, will be pricedReuter - 89 words
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349 1994-11-12 9 Shiv Taneja - By Shiv Taneja ASIAN investors are playing an increasingly important role in America's home mortgage market. They are investing in a range of securities that fund the business of Fannie Mae the Federal National Mortgage Association. Fannie Mae buys residential mortgages from banks and349 words
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373 1994-11-12 10 AFP BEIJING China's agricultural bank made loans worth more than US$5 billion (557.3 billion) recently to fund state grain and cotton purchases amid fears that shortages may further fuel inflation, a report said yesterday. The Agricultural Bank ofAFP - 373 words
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272 1994-11-12 10 Reuter BUDAPEST Russia's national bank and the government will do everything in their power to defend the rouble against speculative attacks, acting central bank chief Tatyana Paramonova vowed yesterday. "We shall do everything possible in different areas to preventReuter - 272 words
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Article, Illustration1374 1994-11-12 10 I ratir *nfhmJ index cakulaird awainsi S'par'i lap 14 trading partner* Baie mr IW US$/S$ forward rates Noon Nov 11 ss m Oder 1-month 1.4690 1 4705 2-month ***** 1.4611 3-month ***** ***** 6-month 1.45*5 1.4615 Somnr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at %m m Mm 111,374 words
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278 1994-11-12 10 JAKARTA Australian mining company New Hope Corp and Indonesia's Tirtamas and Swabara business groups have been awarded a US$5.5 billion (SsB billion) contract to supply coal to an ambitious power plant project. The group, called PT Andaro Indonesia, has won a278 words
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Article, Illustration365 1994-11-12 10 DBS Bank weekly currency report USS/mark: Bullish takeover? AS EXPECTED, US$/mark rallied last Friday before easing to a low of 1.5040 by Wednesday. Strong buying interest saw the unit soar to a high of 1.5370 on Thursday before dipping to trade around 1.5270 yesterday morning.365 words
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Article, Illustration421 1994-11-12 10 Bloomberg Business News NEW YORK. The Chicago Mercantile Exchange wants to introduce three futures contracts next year designed to capture a larger share of the stock index futures market, CME president and ct#6f'executive officer William Brodsky told the Bloomberg Forum on Thursday. MrBloomberg Business News - 421 words
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285 1994-11-12 10 Bloomberg ENERGY REPORT LONDON Crude oil futures were mixed on both side of the Atlantic as refiners and traders evaluated profit margins and forward supply. At spm London time, December Brent futures were 13 cents up at U5517.39 a barrel, while the comparable contract285 words
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Article229 1994-11-12 10 Reuter LONDON The dollar opened little changed in quiet trading yesterday, with most dealers expecting the US unit to meander in a narrow range. "Nothing is going to happen today," said one dealer, adding that most banks were thinly-staffed in light of the Veteran's Day holiday inReuter - 229 words
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COMMODITIES & FUTURES
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1318 1994-11-12 11 SIMEX REPORT Reuter SINGAPORE Japan government bond (JGB) and Euroyen contracts ended firmer on light buying ahead of the weekend, while Eurodollars were virtually steady. There were no fresh factors to spur trading, and many players were just closing out positions ahead of theReuter - 1,318 words
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673 1994-11-12 11 COMMODITY REPORTS Palm Oil THE CRUDE palm oil physical market closed broadly higher yesterday on covering after falling in early trade on technical selling and lower Chicago soyoil futures overnight. "Prices have hit the psychological MS 1,600 level to new nine-year highs on good673 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article107 1994-11-12 11 TOKYO Indonesia Asahan Aluminium (Inalum) is mulling an increase in production by as much of 25 per cent next year to take advantage of improved availability of local power supplies and higher world aluminium prices, a senior company official said yesterday. The 225,000-tonne capacity Inalum107 words
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116 1994-11-12 11 TOKYO Japanese partners in Australia's Southern Copper Ltd copper smelter are actively seeking new Japanese investment to avert a shut down early next year, according to an official of one of the partners, Nissho Iwai Corp. Sixty per cent owner CRA has said it is116 words
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131 1994-11-12 11 NEW YORK Critics of the London Metal Exchange's move to set up warehouses in the US are attempting to rally LME members against the plan. Some traders have suggested that certifying LME warehouses in the US for delivery of copper against contracts in London will131 words
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Article1397 1994-11-12 11 Rubber Singapore Commodity Exchange (futures closing as at 5.30pn) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 94 193.00 193.00 194 00 25 1550 Jan 95 189.50 189.50 189.50 225 2850 Feb 186.50 3650 Mar 185.00 2950 Apr/Jun 186.50 186.50 187.001,397 words
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REGIONAL STOCK MARKETS
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Article1082 1994-11-12 12 -19.3 SHARES closed sharply down yesterday, ending the week at a 14-month low as investors drove down the resource sector. The All Ordinaries Index ended at 1,952.0, down 19.3 points and the lowest since Sep 24, 1993, when it was 1,946.5. The All Industrials Index fell 18.2 to 2,799.3,1,082 words
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Article479 1994-11-12 12 -4.30 Share prices continued to slip yesterday on an exodus of funds for a public auction of unlisted Korea Telecommunication stocks. The Composite Price Index shed 4.30 points to settle at 1,122.57, with 44.52 million shares valued at 99.58 billion won changing hands in lacklustre trading. Falls outweighed rises479 words
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Article600 1994-11-12 12 +38.0 Stocks regained steam in response to government plans to change the foreign shareholding ceiling on listed hrms. with market heavyweight banking and insurance shares enjoying the largest gains. The 393-issue Weighted Price Index rose 38.0 points to finish at 6,482.7. Turnover was 988 million shares worth NTS4I.6 billion.600 words
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Article581 1994-11-12 12 -41.60 The continued peso appreciation pushed share prices further down yesterday. The PSE Index fell 41.60 points to 2,926.61. Turnover was 2.33 billion shares valued at 1.78 billion pesos. "It's a mild correction which started last week. The peso appreciation has continued to affect foreign exchange-sensitive issues like telephone581 words
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Article340 1994-11-12 12 -12.25 Shares drifted to a lower close on very light volume in a market on hold ahead of Tuesday's Federal Reserve Open Market Committee meeting. The top 40 NZSE-40 Capital Index fell 12.25 points to 2,076.6 on volume ot just NZ$23 million. The only highlight of the day340 words
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Article107 1994-11-12 12 -80.03 Share prices on fell sharply for the third consecutive session on hectic selling, brokers said. The 30-share BSE Index fell 80.03 points to 4,058.70. while the 100-share National Index dropped 22.69 to 1,947.80. Brokers said that_ with the prices falling on the first day of a new account107 words
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WORLD STOCK MARKETS
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Article850 1994-11-12 12 Britannia Funds Sterling C'nsh Bid (Miff Mim Cap Depos* 38 MOO 38 6 <00 Mim Jene> CiiN 0.1*93 0.I992 Mim Ma» Income ***** ***** I S$ C ash Income Plus Fund 9 <800 *****0 PS S Rexrse Fund 5 3300 5 3400 Merlins Fquits Euro Performance 0.4W2 0.4938 Far Easl850 words
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Article669 1994-11-12 12 -27.6 SHARES ended sharply weaker amid continued worries over US interest rates with falling FTSE Index and US bond futures setting a gloomy tone. "The market is really very tricky at the moment. There's not much real trading going on and we're all waiting to see what the Fed669 words
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Article178 1994-11-12 12 -23.24 German shares drifted slightly iower at the close as futures weakened and players squared positions ahead of weekend. Dealers said that Tuesday's FOMC meeting was also a dampener on sentiments. The DAX Index closed at 2,075.18, down 23.24 points on the day. Volkswagen was the most active stock,178 words
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Article246 1994-11-12 12 -29 Italian stocks closed lower yesterday after two days of gains as weak overseas markets and expectations that another bank takeover bid will fail hurt sentiment. Traders also said that a shift in attention from events in the US back to domestic politics also pushed prices down. "There's still246 words
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Article246 1994-11-12 12 -3.05 Dutch stocks closed lower, following falls in the US and European markets, amid expectations of a rise in US interest rates next week. The EOE Index shed 3.05 points to 407.69. Traders said the Dutch market lacked domestic impetus, forcing investors to look abroad for a sense of246 words
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Article167 1994-11-12 12 +2.24 Swedish stocks ended mixed as concern over the country's vote on Sunday to join the European Union ofTset strong corporate earnings. The OMX Index closed 2.24 higher at 1,138.77 points. Seventeen stocks rose, 10 fell and three were unchanged. Investors want Sweden to join the EU because it167 words
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Article343 1994-11-12 12 -4.9 Swiss stocks fell for only the second time in seven sessions as Roche Holding plunged on news of a US probe and as concern about the dollar and interest rates refused to dissipate. Swiss Reinsurance bucked the trend after it said 1995 net profit will be about 800343 words
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Article294 1994-11-12 12 14 South African shares closed slightly higher as a softer financial rand supported prices in the face of weaker world markets, dealers said. Dealers said golds were steady as bullion held above US$3B5 an ounce, although interest was muted ahead of the weekend. The Overall Index closed 14 points294 words
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Article277 1994-11-12 12 -7.99 Stocks were soft in early action on weakness in most sectors, and analysts believe the worst is not yet over for the market. "The way New York is shaking right now, we're definitely going to follow," said an analyst. "I think that when New York breaks the 3,785277 words
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Article715 1994-11-12 12 -15.14 Stocks fell for a second day, led by economically sensitive issues, amid concern that the Federal Reserve will raise interest rates next week, braking the economy and slowing corporate growth. "You get interest rates high enough, it's going to stall out this economy and that's going to715 words
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Article, Illustration2934 1994-11-12 13 Bloomberg Business News HONGKONG Stocks fell due to a rise in US treasury bond yields, which led to increasing expectations that the Federal Reserve will raise interest rates on Tuesday. The benchmark Hang Seng Index fell 22.91 points to 9,367.85. The All Ordinaries Index dropped 14.80 to 4,672.53. TurnoverBloomberg Business News; Source: Bridge Info - 2,934 words
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Article, Illustration560 1994-11-12 13 CLSA H SHARES fell 1.6 per cent yesterday on turnover of HK5663.3 million. Despite the poor market sentiment, Hai Xing Shipping closed up 13 per cent from its IPO price of HKSI.46 on its debut. The Shanghai B market edged down 0.6 per cent on turnover of US$5.4 million.CLSA - 560 words
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Article, Illustration2489 1994-11-12 13 Reuter TOKYO Stocks finished little changed as sentiment continued to weaken, brokers said. Yesterday morning, stocks suffered from selling by bearish foreigners and individuals, but recovered in the afternoon on Japanese institutional investor buying. That buying, triggered by indices approaching key support levels, helped the Nikkei Average end upReuter; Source: Bridge Info - 2,489 words
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Article, Illustration1805 1994-11-12 13 Reuter BANGKOK Stocks recovered in the afternoon on scattered late buying of largecapitalised stocks but still closed in negative territory. The SET Index closed 6.3 points lower at 1,466.22 on 6.7 billion baht turnover. "Local funds bought big capitalisation stocks in the late afternoon," said a broker. Sentiment wasReuter; Source: Bridge Info - 1,805 words
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Article, Illustration1097 1994-11-12 13 Reuter JAKARTA Share prices closed lower yesterday in featureless trading on weak sentiment. The main focus was on the debut of pharmaceutical firm Darya Varia which posted a 17 per cent gain for IPO buyers. It reached a high of 7,600 rupiah before eased down to 7,250. "Apart fromReuter; Source: Bridge Info - 1,097 words
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Article2324 1994-11-12 14 MBf Capital 6.011.000 MBfHIdgsSOc 3.897.000 Bcrja>a Group 3.676.000 KL Industries 3,158.000 Promct 2.967.000 Idns Hyd 50c 2.456.000 Hcgi Msia 1.931.000 FACB 50C 1.650.000 Mulpha Intl 50c 1.515.000 Ind Oxjgen Wt95 1.318.000 Muhi-Purposc 1,167,000 Lien Hoe TSR97 1,120.000 kamunting 50c 1,079.000 MOST ACHWC wIm (ft MBf Capital 9.528.240 KL2,324 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5693 1994-11-12 14 Bloomberg Business News KUALA LUMPUR Stocks were little changed yesterday as investors waited to see whether the Federal Reserve will raise interest rates on Tuesday. The benchmark Composite Index fell 0.98 point to 1,029.87. The Emas Index rose 0.34 to 302.49. TurnoverBloomberg Business News; Source: Bridge Info - 5,693 words
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STOCK EXCHANGE OF SINGAPORE
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Article7387 1994-11-12 15 Gr C* M Wi 1«M La* Vel Day LwQhM Dh N> VN IM Ca. Af uy j Salt ClOW H%k Law fcryft Seller CV P/t Ml Price MWIMWVU AND COMMERCIAL 720. 4l7J*.t a Kcm.Hk $20 -3 241 J» 510 JIJ 520 U 6.7 0« 166 716* 333 M7* t *u.7,387 words
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Article, Illustration1830 1994-11-12 16 R Sivanithy - By R Sivanithy SINGAPORE External considerations again set the pace for the stock market yesterday, with most market makers electing to stay on the sidelines ahead of next week's key interest rate meeting in the US and the release of other keyCharts by Bridge Info; Source: Bloomberg - 1,830 words
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Page 6 Advertisements
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Advertisement762 1994-11-12 6 NEWS VALUE Retailers feel little cheer as Orchard Rd lights up tonight (Pg 1) Interest in retail stocks looks like remaining in the doldrums for some time to come. CPF interest rate goes up to 3.1% from January (pg 1) Though expected, could still dampen interest in the stock market.762 words
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Page 7 Advertisements
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Advertisement123 1994-11-12 7 Be Smart That's you Check what we have to offer before V V i you make your decision. Especially if you're considering an Endowment Plan under the S 1 M Enhanced Jl\ Scheme High Rhk, High Ratum The Asia life CPF Enhanced Investment Scheme Yes! I'm interested in the above123 words
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Advertisement337 1994-11-12 9 The MasterCard Hot Air Balloon: Q MHBb Chronicles of Travel" takes you on a Hot Air Balloon Safari Imagine... azure African skies above you. The expansive environs below you. You are drinking in the wild, natural beauty of this great continent from a hot air balloon. Out of the corner337 words
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Advertisement259 1994-11-12 11 Financial fSSSSSj News A Quick Look At The I I Markets II Call 24 hours a day for I I SES KLSE midday I reports, closing I I market reports and VH Cost: 30 cents a minute Organised by: An SPH AudioTex Service TIMES TOLL-FREE TEL. No. 1-600-741-1883 FAX:74I-1298 NOTICE259 words
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Advertisement40 1994-11-12 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 (t Markets. Everyday.40 words
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Page 12 Advertisements
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Advertisement7 1994-11-12 12 ZL most attractive men Lave glasses. I7 words
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Page 13 Advertisements
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Advertisement56 1994-11-12 13 Teleview Call 1800 235-4567 now for more Aztcc Tue 8 Nov 94 IL information. Or visit our Customer ,J 0 Lo 118 H,9h 180 Ss Services Centre at Comcentre, 70 1.50 SD Exeter Road. 1.30 V MN V A CT AE f 1.10 VOL few Singapore -miction ot —i'ui..-«*■ 156 words
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Page 14 Advertisements
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Advertisement105 1994-11-12 14 —i! jjh i mm jr^H| i ja.JrfiillMllll I Bp^|§ll HSHH^H MMn'kul 1 i. Jiß GV4O9M VCR IPAI/MESECAM P 37-640 {14* Tetetext) |"2^ NTSC playback on PAL TV) P 37-050 i*gp |y ST 70-655/8 Teletext (28* Nicam Stereo) I TOP (29* Nicam Stereo) oFihe Bear.—Z nDI yiv ASIA radio Singapore PTE.105 words
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Advertisement82 1994-11-12 15 Teleview I k Call 1800 235-4567 now for more 1 T ue 8 Nov 94 information. Or visit our Customer 0 Lo 118 Hi s h 180 wjptr AT Services Centra at Comcentre, I.so j 58 Exeter Roed. 30 m V. rxT AE f I 10 VOL Jew i 282 words
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Page 16 Advertisements
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Advertisement416 1994-11-12 16 TNI CQMPAMO ACT, CAP. M MOOCMWTOBtt (HE) LIB. imui emumees msso 4th Imrtii, HM. At in edraordnary general meeting d In company held on to 4to <toy d NoverrboL 1994 d 10.45 M.. the following special nsdullcns wen passed. a. Thd to company a wound up vduitarly: b. TM Ml416 words
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Advertisement423 1994-11-12 16 NOTICE NOTICE IS HEREBY GIVEN thai, I Tco Teck Joo. of Block 414, Bedok North Ave 2, #11-111, Singapore 1646, have applied for a First Class, Public House Licence in respect of premises at M/s Starcity Food Palace Pte Ltd at Block 9001, Tampines St. 93, Singapore 1852 and that423 words
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Advertisement278 1994-11-12 16 TM MATTER OF TW COMPAMU ACT. CM 66, AM IMMATTniP —B HotBWM wm. oe. Pa attodwy toaMadwa) ami »«OT HVUMtocndkn of tha ibove company, which it baing vdunlaty wound up an nqdnd on or baton 15» day d December, 1994 to aand to Mr nana and iddnssa and to particdn278 words
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Advertisement367 1994-11-12 16 tol^^RE^E^N^l^qCTU-I^^^TAX?TB-i5B NOTICE NOTICE IS HEREBY GIVEN that. I Dian Heng Wei of Blk 449 Hougang Avenue 10, #06-501 Singapore 1953 have applied for a Ist Class Public House Liquor Licence in respect of premises at M/s Singapore Civil Service Sports Council at No. 2 Netheravon Road, Singapore 1750, and that367 words
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Advertisement360 1994-11-12 16 NOTICE NOTICE IS HEREBY GIVEN that, I Chiew Leng Yim of 22 Telok Kurau Lorong K, #01-02, Wen Yuen Court Singapore 1542, have applied (or a Retail Liquors Licence in respect of premises at M/s Hans Herbs Dried Goods Supermarket at 163, Rochor Road, Bugis Village Singapore 0718, and that360 words
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Advertisement271 1994-11-12 16 I* THE MATTER Of THE COMPANIES ACT, CAP. SO mmmwamm IQM SENG COMPUTERISED COPYIN6 CENTRE PTE LTD (incorporated in the Republic of Singapore) At an Extraordinary Central Meeting of toe members of IQM SENG COMPUTERISED COPYING CENTRE PTE LTD duty convened and held at 257 Selegie Road. #06-277. Selegie Complex.271 words
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ExecutiveLifestyle
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Article, Illustration1602 1994-11-12 17 Shahiron Sahari - What impact did accelerating COE prices have on this year's Singapore Motor Show? Shahiron Sahari finds out Shahiron Sahari THERE are only two things, legendary British racing driver Stirling MosS once said, that a man will never admit he is bad at: sex and drivingPhotos by Chris Loh - 1,602 words
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STRAWS IN THE WIND
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Article71 1994-11-12 17 IF YOU plan to trade some IPOs next week, be warned. The stags are away. In fact, even as we write, they are having a rollicking time in the Philippines celebrating or, maybe, commiserating with stock broker Douglas Ooi on his impending loss of bachelorhood. Ooi, 43, one71 words
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Article54 1994-11-12 17 WHEN deciphering telephone messages in China, it helps if you scramble the letters, a colleague found out recently. She received this computer printout from the telephone operator at the China World Hotel while in Beijing. "Please call Tornald Torner of Business Times" it said. The person in question was54 words
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Article19 1994-11-12 17 AN American tourist was overheard asking his friend outside the American Club: "Do they accept Singapore money?"19 words
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Article19 1994-11-12 17 MEANWHILE, in Masters of the Sea, the first Singaporemade English-language soapie, the actors frequently flash US dollar notes.19 words
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OPINIONS
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Article, Illustration944 1994-11-12 18 LESLIE LOPEZ - LETTER FROM DIU Periodic street protests in East Timor suggest that, despite tangible development, Jakarta has yet to win the hearts and minds of the people there LESLIE LOPEZ The writer is BT's Jakarta Correspondent FRESH flowers adorn marble tombstones at the Santa944 words
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Article, Illustration1189 1994-11-12 18 Ong Yong Hwee - Ong Yong Hwee has reservations about the effectiveness of the planned ERP traffic control system Ong Yong Hwee The writer is a mechanical engineer by training, and a business consultant by profession Managing a road system to ensure comfortable traffic flow has never1,189 words
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706 1994-11-12 18 Peter Lynch - Peter Lynch says Australians are coming into their own and becoming less defensive about their merits now Peter Lynch The writer, a Sydney-based journalist, contributed this article to BT ARTISTIC Australians used to suffer from something called The Cultural Cringe: everything they did706 words
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Article, Illustration765 1994-11-12 22 SUSAN TSANG - By SUSAN TSANG HARRY Tasker is a spy who has managed to hide a career of James Bond-type heroics with the perfect cover a dull domestic routine. Amazing how he has managed to live these True Lies over 15 years of married life, but he has done765 words
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Article, Illustration631 1994-11-12 22 DO YOU have the impression that Italian films tend to be either indulgent, artisticbores, or the sort that strive for a sticky charm? The good news is. The Flight Of The Innocent puts aside the high brows and the saccharine, and gives us instead a good631 words
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Article, Illustration880 1994-11-12 22 PARVATHI N NARAYAN - ExWbitioits By PARVATHI N NARAYAN THE TITLE "A Journey of Individualism" has been given to an exhibition of works by the renowned artist Wu Guanzhong. A rather apt title, for it has been a journey in more ways than one. In geographical terms, it was a journey880 words
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Article, Illustration523 1994-11-12 23 R SIVANITHY - CO Mew By R SIVANITHY NEIL YOUNG AND CRAZY HORSE: Sleeps With Aageb Long before the idea of grunge was even a glimmer in the eye of the Seattle glamrock scene, there was Neil Young. Twen-ty-seven years after his first recording (with523 words
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Article, Illustration882 1994-11-12 23 HARISH MEHTA - Travel By HARISH MEHTA "THERE'S a tiger out there in the jungle," whispered Vietnamese forest worker Nguyen Van Dien, pointing at the mountains of the Ba Vi National Park, one of the few remaining natural forests in Indochina. Looming 1,287 metres high over an882 words
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SPORTS
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Article, Illustration439 1994-11-12 24 World Cup of Golf Golf AP AFP DORADO, Puerto Rico Davis Love and Fred Couples didn't need 18 holes to give the United States the lead in the opening round of the World Cup of Golf on Thursday. The pair, in search of aAP; AFP - 439 words
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Article, Illustration797 1994-11-12 24 Harvey Araton - EwiAci6st.tfife tattle but won tbe-Wj*r. *ays Harvey Araton Harvey Araton NYT NEW YORK The young giant is scary, and just getting started. Shaquille O'Neal has a turnaround jump shot now, a reliable baby hook, and, of course, he is almost impossible to keepNYT; Reuter - 797 words
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SPORTSHORTS
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Article, Illustration101 1994-11-12 24 AFP INGLEWOOD, California James Worthy, the last link to the Los Angeles Lakers' glory days of the 1980s, retired from the NBA here on Thursday. Worthy. 33. was a key figure on Lakers teams packed with stars like Magic Johnson and Kareem AbdulJabbar. He was a seven-time All-Star, andAFP - 101 words
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Article, Illustration91 1994-11-12 24 AFP HOUSTON, Texas George Foreman, the oldest heavyweight world champion in history, could be tempted back into the ring if the opponent is Mike Tyson. "Tyson would be the only guy that would make me feel the spice to fight again." Foreman said on Thursday, less than a weekAFP - 91 words
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Article, Illustration62 1994-11-12 24 GOTEMBA, Japan laiheiyo Masters 2nd rd Friday: 135 Bob Estes (US) 68-67. Masashi Ozaki (Jpn) 66-69 136 Roger Mackay (Aust) 67-69 137 Craig Parrv (Aust) 68-69. Billy Andrade (US) 68-69. Larry Mizc (US) 67-70. Eiji Mizoguchi (Jpn) 70-67. MYRTLE BEACH, South Carolina US$l35 million Senior lour Championship Ist rd62 words
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Article, Illustration326 1994-11-12 24 ANTWERP, Belgium Defending champion Pete Sampras showed that he had recovered from 1 a viral throat infection by demolishing fellow American Richey Reneberg 6-3 6-3 in the European Community championship on Thursday. But third seed Stefan Edberg pulled out with a similar problem two hours before he was to326 words
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Article, Illustration97 1994-11-12 24 AP ADELAIDE Former world champion Nigel Manscll yesterday grabbed provisional pole position for tomorrow's Australian Grand Prix. Worid championship leader Michael Schumacher escaped unscathed from a spectacular high-speed crash as he attempted to match Mansell's time of one minute 16.179 seconds around the 3.78-km Adelaide street circuit. Manscll averagedAP - 97 words
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Article, Illustration112 1994-11-12 24 AFP SYDNEY A female Australian sports reporter has won her battle to be allowed into the dressing rooms of one of the world's oldest rugby league clubs. Jacqueline Magnay. 30, rugby league reporter with The Sydney Morning Herald. also won a A 53,500 (553.875) settlement from the Sydney Tigers,AFP - 112 words
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PEOPLE
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Article, Illustration306 1994-11-12 24 EVERY seat in the room at the Four Seasons Hotel where the ACS Benefit Auction was held was taken up. A number was standing and leaning against the wall eagerly awaiting the outcome of the auction of 35 paintings by pioneer artist Chen Wen Hsi. The organisers306 words
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TIME OFF
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Article426 1994-11-12 25 Teochew Opera To celebrate its 63rd anniversary, the Thau Yong Musical Association is putting up this opera set during the reign of one of the emperors of the Song Dynasty. Today. 7.45pm at the Victoria Theatre. Tickets are free, please call 534-2882 for collection details. Bugis Street The Musical426 words
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Article508 1994-11-12 25 Subscription Series Choo Hoey conducts the SSO in this concert, performing Elgar's Symphony No. 2 and Bruch's Scottish Fantasy. Guest artiste is Lorraine McAslan on violin. .Today. 8.15pm at the Victoria Concert Hall. Tickets at $4. $7, $10, $15 and $25 available from Sistic outlets. Love and Marriage: Two508 words
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Article284 1994-11-12 25 Le Mors Aux Dent Loic Le Guenn is assigned to track down Charles Dreant, a shady character who has set up incriminating files on leading politicians. Nov 15: 7.15pm and Nov 16: 9.15pm. At the Alliance Francaise. Les Fausses Confidences Penniless Dorante is in love with wealthy Amarinte. Unfortunately,284 words
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Article, Illustration862 1994-11-12 25 A Journey of Individualism In conjunction with the opening of the Four Seasons Hotel, this exhibition features works by Chinese master artist Wu Guanzhong depicting how we are one but not the same. Until Nov 13. at Notices: The Gallery. Four Seasons Hotel. See Preview, EL6&7 Alamkara: 5,000 Years862 words
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Article321 1994-11-12 25 Coping with Dementia The Tan Tock Seng Hospital is organising a forum to promote awareness of dementia, how it affects the elderly and what we can do to help. Nov 13. 9.30 am at the Training and Education Centre (near the A&E Department). Tan Tock Seng Hospital. Fee: $5.321 words
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Article241 1994-11-12 25 Dragon Kids English Headstart Programme For children born in the Year of the Dragon, ie. those who will be starting Primary 1 next year. English speech lessons will be conducted by Melvyn Chew and Koh Chieng Mun (both of Ra Ra Show fame). Until November: every Wednesday at 7.30pm241 words
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Article179 1994-11-12 25 H Jewels Could Talk The last in a series of talks sees Lisa Hubbard speaking about jewellery not only as a fashion accessory, but as art. Today. 2.30pm at the Guinness Theatre. Fee: $12. Landscapes The landscapes of Singapore. Korea and China are given special treatment by179 words
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Article143 1994-11-12 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forttm The Shopping Mall. Ginza Plaza, Junction 8, Liang Court. Raffles City, Scotts, Specialists Centre, Takashimaya, Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at143 words
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Article, Illustration748 1994-11-12 25 Corinne Kerk - Find out why Corinne Kerk is such a hot fan of Chaplin's Corinne Kerk IF THERE'S one place where droves of yuppies can be found on a Friday night, it's got to be Chaplin's. The four-month-old pub in Lorong Liput, Holland Village may bePhoto by Arthur Lee - 748 words
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EPICURE
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Article, Illustration623 1994-11-12 26 SUSAN TSANG - B«i Appetit By SUSAN TSANG LIGHT and healthy seafood may sound like a contradiction in teiyns, especially for the cholester-ol-conscious, but the creations of Cljef Jacques Le Divellec certainly sit> very lightly, and it can be argued that they taste wholesome enough to do one's heart good. ThePhoto by Chris Loh - 623 words
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Article, Illustration552 1994-11-12 26 SUSAN TSANG - By SUSAN TSANG CHEF Cheng Hong Chau, assistant chef at Li Bai from 1987 to 1993, is now back at the restaurant as executive chef. Judging from the dishes sampled at a recent lunch, Chef Cheng's return is something to be glad about. We started552 words
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Article, Illustration667 1994-11-12 26 N K YONG - Wlm By N K YONG FOR MOST people, fine red wine means claret, possibly burgundy. Few would include the Italian Bardo and Barbaresco from the Nebbiok) grape. Yet, these are among the world's greatest red wines. In skilled hands, the combination of concentrated667 words
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Article, Illustration1034 1994-11-12 28 Airheads. A bumbling band hijacks a radio station to have their demo taped aired. Cathay: 11; 1.30; 4; 6.45; 9.15; 12am. Yishun: 10.30; 2.40; 7.30; 9.30. Bishan: 1; 3; 7.30; 9.30. Empress: 11.30; 9.15. Amantes. Spanish tale. A discharged soldier lodges with a steamy widow. The inevitable happens. His1,034 words
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Page 17 Advertisements
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Advertisement191 1994-11-12 17 I DQSB-SSQ SEES HONQ LCONQ HNANCe k DQOB-SE3Q SEES HHOATOHg FINANCE Hk i\ J% i ,t ;%a^ v V a 78b w > r, x 't r— f 'O -f ;i A- t-ii, i 1- -i-_ VUUOK rXC rUU>vij. SINGAPORE! Burberry* 435 Orchard Road, •02-42, Wnm Atria, 0923. Tct 733191 words
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Advertisement217 1994-11-12 18 "Your main priority will be to acquire the finest education possible." When you consider James Cook University in Australia as a place to maximise relaxed and friendly. We are very close to the Great Barrier Reef. We enjoy the your potential in marine science, biological sciences, tropical health, most exquisite217 words
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Advertisement27 1994-11-12 18 Doonesbury and Bristow are on Page 5 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times27 words
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CORPORATE PROFILE
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Article, Illustration2686 1994-11-12 19 Peter Osborne - Asia's corporate giants j v II N A fortnightty series Taiwan's petrochemicals giant, Formosa Plastics Group, is diversifying into high-tech electronics. Peter Osborne talks to Winston Wang, the group's senior vice-president and son of founder and chairman Y C Wang, about Formosa's global ambitions Peter Osborne2,686 words
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491 1994-11-12 19 THIS YEAR'S unprecedented scale of investments by the Formosa Plastics Group has demanded an equally extraordinary level of capital raising. In April, a NT$ 143.4 billion syndicated loan the largest in the republic was arranged by Chiao Tung Bank of Taiwan and eagerly supported491 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration49 1994-11-12 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities, Fraser Securities, G K. Goh, Morgan Grenfell, Nomura Research Institute, Peregrine Securities. Phillip Securities, S G Warburg, Smith New Court, StanChart Securities and W I Carr.49 words
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Article275 1994-11-12 20 StanChart Securities (Nov 11) Keppel Corporation. Undervalued in PE terms. FY95 PER at current prices is lower than all its Singapore-listed subsidiaries. As Keppel Bank is its largest contributor, its earnings should trade at similar PE, ie 25x. EPS for FY95 and FY96 forecast at 55.8 cents and 64.4275 words
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Article95 1994-11-12 20 SBSIIG Asia (Nov 10) Reduce holdings in Rothmans Industries Ltd and British American Tobacco given the negative outlook for the local industry, prohibitive export markets and growth limitations abroad. While yields remain attractive, this could be detrimental to the future development of the local companies. Switch to Fraser Neave95 words
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Article134 1994-11-12 20 Mon, Nov 14. Jakarta: bourse closed. Tue, Nov 15. US: Federal Reserve's policy-making body to meet. Investors believe it will likely raise the so-called Fed Funds Rate in a bid to quell inflation. October industrial production and capacity utilisation. Jakarta: bourse closed. Wed, Nov 16. US: October consumer134 words
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Article, Illustration352 1994-11-12 20 Steven Hagger - Steven Hagger Head of research BZW Malaysia Sdn Bhd UT HE land resource I sector, perhaps .A. better known as the plantation sector, is today the most exciting sector in the KLSE. Its two core businesses plantations and property are enjoying boom times. Palm oil is highly352 words
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Article, Illustration777 1994-11-12 20 Joyce Quek - THE WEEK By Joyce Quek KWEK Leng Beng and Johannes Kotjo. Investors will be watching them closely to answer the question, "Can they make a difference?" At stake is the future of the companies they control. TTie Kweks, through their privately-held Hong Leong group,777 words
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936 1994-11-12 20 Paul Leo - Paul Leo sizes up four regional markets for this year and next Paul Leo THE INDONESIAN and Hongkong markets are more attractively priced than their Singapore and Malaysian counterparts, based on price-earnings ratio (PER) and earnings per share (EPS) forecast for936 words
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Article844 1994-11-12 20 Launch 1 mth 3 mths 6 mths I yr 2 yrs 3 yrs Launch 1 mth 3 mths 6 wlhs 1 yr 2 yra 3 yrs Piling «i at No* 7, 1994 s S Ranking as at No* 7. 1994 S 5 SlaaiiR Straits 11ms am844 words
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Article, Illustration1288 1994-11-12 21 Continuing the series on Asia's ruling families, here is a Who's Who among Indonesia's corporate elite to help you know about the companies you invest in THE MOST prominent ethnic Chinese business group in the country is headed by Soedono Salim whose Chinese name is LiemSource: Bloomberg - 1,288 words
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Article, Illustration302 1994-11-12 21 If you had invested US$ 10,000 in Disney 10 years ago, your investment would now be worth U*****,000 or U554,600 if your pick was IBM Los Angeles Times HOW DO you think the 30 stocks in the Dow Jones Industrial Average performed inLos Angeles Times - 302 words
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709 1994-11-12 21 William Chia - Forget it, unless you are prepared to subscribe for at least 100,000 shares, says William Chia William Chia SO YOU think you want to invest in the Indonesian market especially in light of state-owned telecommunication company PT Indosat's successful debut last month and talk709 words
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Article, Illustration574 1994-11-12 21 Andrew Pearson - Eye on the region Andrew Pearson sees the stock index ending 1994 at 560 for a 4.6% year-on-year drop Andrew Pearson The writer is research director of FT Peregrine Sewu Securities INDOSAT made an unsurprisingly strong market debut. The US$l.2Source: Bridge Info - 574 words
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Page 23 Advertisements
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Advertisement14 1994-11-12 23 CENTRE STAGE Keep in step with the culture beat The Arts. Every Monday. BusmessTimgs14 words
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Page 24 Advertisements
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Advertisement0 1994-11-12 24 )-'^_|}$}~}]&'~>~>"?*$*^/:()
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Page 26 Advertisements
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Advertisement28 1994-11-12 26 tf r%ff} t r o o o 0 o LEAD BY EXAMPLE For some of the best examples of good management Enterprise Management. Eveiy Monday. Business Times I28 words
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Advertisement59 1994-11-12 26 TOP nAUAN CHEF, Savour Italian cuisine with White Truffles cooked to perfection by top Italian chef Natale Baccbetta from Hotel Villa Crejpi in Piedmont, Italy. RARE fIMN MJEFLES! Luncb andduuterfrom Monday 2lot till Wednesday 30tb November. Ca**********r 71fornwrtdetaib. RISTORANTC BOLOGNA mtnoo* ~SIT 6 Raffles Boulevard, Marina Square, Singapore 0103. i||r59 words
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Advertisement69 1994-11-12 26 (1 TO 30 NOVEMBER '94) To celebrate our 6th Anniversary, Cafe Aladdin is offering selected local dishes at only $6.00 each for lunch and dinner daily. Fried Hofcfcien Mee Fried Vee Mee (~d{ Fried Noodles (Hong Kong style) Bee# Noodfes Mee Rebus Mee Siam im 3 For reservations, please call69 words
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Page 27 Advertisements
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Advertisement999 1994-11-12 27 Nothing Beats A ft Kf WHERE TO WINE, DINE AND ENTERTAIN or mmm— fresh PASTA |DA ILY. From Pasta Fresco. Tho only restaurant to maks Its own spoclalty pasta. everyday. Savour porfoct pizza, groat gelati and terrific ttramisu. All topped with Italian hospitality. Potto FttKO Da Satvator* Mt lid 30999 words
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Advertisement385 1994-11-12 27 fiv" —y* The "In-Donesian M ThingTo Do!, And why not, at the Chatterbox Indulge in a sumptuous Indonesian buffef\s~\ of some 30 cold hot dishes and a tempting Shraf of delicious desserts by our guest chefs jW from Sahid Jaya Hotel Tower, Jakarta. Just do it! Come to the Chatterbox385 words
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Page 28 Miscellaneous
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Miscellaneous2423 1994-11-12 28 TODAY'S TV 730 Berita 12. n—i 6.00 Mornif^Ncws^M). Blancaflor, The Demon's Daugh- The Romance Of The Throe King- (See Our Choice). |1 .J™ tor 8 TV 2 doms 2urn Ch 8 9.00 Soccer: Malaysia Cup wV 10 00 Kanai/Ciiita (M). or, o.juam. iv t owns, *pm, cn« Quarter-Final Singa- d2,423 words
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