The Business Times, 14 January 1995
1995-01-14
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The Business Times
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Title Section13 1995-01-14 1 Business Times WE KNOW ASIA MITA(P) 194/12/94 Weekend Edition, January 14-15 1995 75*13 words
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Article, Illustration587 1995-01-14 1 Lee Han Shih - By Lee Han Shih SINGAPORE Marco Polo Developments is said to be looking to sell the Ardmore Park apartments which it bought recently from Malayan Credit at a profit of about $525 million. Marco Polo, which paid Malayan Credit $375 million,587 words
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579 1995-01-14 1 Paul Leo - By Paul Leo SINGAPORE Central banks in the region intervened yesterday to support their currencies as a "Mexican wave" of selling threatened to swamp the weaker local currencies. Dealers said the Singapore dollar was not under serious threat579 words
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445 1995-01-14 1 R Sivanithy - By R Sivanithy SINGAPORE Friday the 13th lived up to its reputation yesterday as regional stocks buckled under selling pressure triggered by the collapse of Mexican and South American stocks. The Straits Times Industrials Index lost 21.63 points or 1.02 per cent to close445 words
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341 1995-01-14 1 Loh Hui Yin - From Loh Hui Yin in BANGKOK THE Government of Singapore Investment Corporation (GIC), which is about to shell out almost $40 million for a block of Thai shares, will open an office here to look after its increasingly large portfolio of Thai investments.341 words
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Article59 1995-01-14 1 NEW YORK Blue chips racked up gains yesterday as a drop in December retail sales lessened the prospect of another interest rate hike. The Dow Jones industrial average was up 24.90 points at 3,883.90 at Ipm EST. Advancing issues beat declines by a 2-1 margin on59 words
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431 1995-01-14 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Prime Minister Goh Chok Tong has decided not to accept any pay increase for the next five years, even though the government m has accepted the recommendation by an independent panel that his pay be431 words
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Article162 1995-01-14 1 Stock market indices FrMi; Change STII 2,080.73 -21.63 KLSE Comp 898.50 -16.74 Nikkei 19,331.17 -78.84 Hang Seng 7,252.34 -165.71 SET Index 1,248.59 -24.41 Jakarta Comp 441.87 -10.82 CLSA China B 844.53 -6.77 Aust All Ord 1,858.8 -3.1 FTSE100 3,048.3 +15.1 Friday Previous Ipm EST ckwc Dow Jones 3,883.90^,859.00 Average of162 words
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Page 1 Advertisements
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Advertisement56 1995-01-14 1 Trendwatching in 1995: el i What's in, what's out j j Devaluations becoming a global infection, Pg 9 Yen beckons as a safe haven, Pg 9 Business as usual, say S'pore money changers, Pg 2 More Japanese banks may join Mexico rescue, Pg 4 Deng in poor health and unable56 words
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Advertisement7 1995-01-14 1 Newspaper stocks: el s Which to chase?7 words
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Advertisement200 1995-01-14 1 Hock Lock Siew: pg 6Hi *A 1 Riding out the bear ntawet US retail sales, Pg 4 UM gerald genta|H 8... I i W* jj SUCCESS CHRONOGRAPH SUCCESS A form that is strikingly simple, a totally new design that has already become a classic this HHHI is the master's touch200 words
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Advertisement8 1995-01-14 1 J's Corporate Giants: el 3 corn's bold push8 words
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SINGAPORE NEWS
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646 1995-01-14 2 Lilian Ang - By Lilian Ang NEARLY 26,000 new homes are planned for the Novena and Toa Payoh areas under new development guide plans (DGPs) released yesterday. About half of them will be ijithe Novena planning zone, which covers the Balestier, Moulmein, Malcolm, Dunearn646 words
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366 1995-01-14 2 Soh Tiang Keng - Turmoil in the currency markets By Soh Tiang Keng MONEY changers here yesterday reported that there had been normal, stable trading over the past two days in Asean currencies like the Thai baht, Indonesian rupiah and Malaysian ringgit. The trade had366 words
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198 1995-01-14 2 THE Civil Aviation Authority of Singapore and the Indonesia Air Carriers Association (Inaca) have agreed to hold talks on flight safety and efficiency. "Both parties welcome this opportunity for more feedback and exchange of views," the CAAS said yesterday. CAAS and Inaca technical198 words
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Article, Illustration208 1995-01-14 2 THE Far East group yesterday launched the huge Dover Parkview condominium project with prices averaging about $800 per sq ft and had sold 15 units by the end of the day. The 686-unit project in the Holland Village area is being208 words
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Article, Illustration61 1995-01-14 2 KEPPEL Corp yesterday hosted a dinner in honour of Hongkong's Chief Secretary, Mrs Anson Chan, who's pictured here with Keppel chairman Sim Kee Boon. Mrs Chan, the first woman to hold the position of chief secretary, is here on a five-day visit and will return toPhoto by Chris Loh - 61 words
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471 1995-01-14 2 Chuang Peck Ming - By Chuang Peck Ming MORE THAN half of homes in which the married head of the household is aged 40-59 years have insurance policies. These are the most widely held assets in this group after residential property, a Department471 words
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Article215 1995-01-14 2 S'pore-NTsia petrochemical dispute THE government reiterated yesterday that Malaysia's move to restrict imports of petrochemical raw materials for plastic products had hurt Singapore producers. The Ministry of Trade and Industry (MTI) said: "Even if, as Malaysia says, the AP (Approved Permit) measure was not specifically215 words
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254 1995-01-14 2 NATIONAL carrier Singapore Airlines retained its position as best carrier to the Far East in the 1995 Airline of the Year Awards, but Changi International Airport lost top spot to London's Heathrow. The results came from a poll254 words
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280 1995-01-14 2 THE scope of union membership should be redefined to take account of the increased proportion of executives and managers in the workforce, and their appeals for assistance, NTUC chief Lim Boon Heng said yesterday. "I think the simplest formula is to consider 80280 words
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Page 2 Advertisements
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Advertisement8 1995-01-14 2 The Straits Times Weekly Edition HOME BROUGHT CLOSER8 words
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Advertisement10 1995-01-14 2 Low auction bids don't mean falling property prices, Pg 1710 words
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Advertisement6 1995-01-14 2 Richard Branson riding high: Pg 56 words
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Page 2 Miscellaneous
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Miscellaneous480 1995-01-14 2 Singapore: wire-. at- snowers over a few are.. iflemoon. Temperature (24-32*). tito-PaeMc mur Cmi. Ears* WW Cm*. Buenos Atae 28/16 Ooudy jiflliMiil 231/16 Shower Amsterdam 03/-1 Cloudy Chicago... 0B/-6 Shower Banfltok 33/19 Shower Athens 09/03 Showier Honolulu 27/18 Cloudy ge«ra -1/-10 Cloudy BarUn 0/-4 Cloudy Houston 21/08 Oojdy Bombay 28/17480 words
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THE REGION
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405 1995-01-14 3 Reuter BEIJING China recorded a trade surplus of US$5.3 billion (557.7 billion) in 1994, reversing a deficit of US$l2.2 billion in 1993, said the General Administration of Customs. Total foreign trade volume reached U*****.7 billion, an increase of 20.9 per centReuter - 405 words
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Article, Illustration45 1995-01-14 3 AFP SHANGHAI Two men leaving Shanghai's biggest discotheque, JJ Disco, after seeing a sign informing them it was no longer open to the public on Thursday. Police closed the dance hall citing poor security and a potential fire risk. AFPAFP - 45 words
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324 1995-01-14 3 Bernama KUALA LUMPUR The Sultan of Pahang, who is being sued by a Singaporean businesswoman, contends that she is not entitled to commence the action in the Special Court because she is a foreigner. Sultan Ahmad Shah said theBernama - 324 words
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213 1995-01-14 3 HONGKONG Chinese-lan-guage newspaper Overseas Chinese Daily News ceased publication yesterday, the second Hongkong newspaper to close down in the last two months. South China Morning Post (Holdings), which owns 19.8 per cent of the newspaper's publisher Goldbase Holdings,213 words
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221 1995-01-14 3 Reuter HANOI Vietnam's central State Bank plans to raise the rediscount rate at which it lends to commercial banks as part of a tighter control over the credit volume, bank governor Cao So Kiem was quoted as saying yesterday. This would beReuter - 221 words
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258 1995-01-14 3 Vietnam to pump US$400m in post telecom AFP HANOI Vietnam is to invest more than US$4OO million (SssB4 million) in capital construction projects on upgrading the country's backward postal and telephone services this year, according to a report here yesterday. The state posts and telecommunications branch will implement 600 projectsAFP - 258 words
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353 1995-01-14 3 Reuter BLUING China raised 1.8 billion yuan (Ss3lo million) for unemployment insurance in 1994, of which 1.2 billion yuan was unemployment relief and 440 million yuan was for new jobs, according to a Ministry of Labour survey. In 1994. 95 million Chinese were coveredReuter - 353 words
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287 1995-01-14 3 Reuter BEIJING China expects to collect more than 36 billion yuan (556.17 billion) in taxes from foreign investment in 1994, about 8 per cent of total industrial and commercial tax revenue, the China Daily said yesterday. In 1993, China earnedReuter - 287 words
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NOTE BOOK
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Article101 1995-01-14 3 Bloomberg Business News HONGKONG The Chinese government has banned all rice and corn exports and reduced shipments of peanuts in a bid to keep food prices from rising further, The Shanghai Food News reports. It also said the government had instructed the State Bureau ofBloomberg Business News - 101 words
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Article, Illustration46 1995-01-14 3 SEOUL South Korean environmental activists holding symbolic drums of nuclear waste in Seoul yesterday. About 500 protesters gathered in an attempt to stop the Korean government from building a nuclear waste dump site on the Korean island of Tokjok-do. Reuter ReuterReuter - 46 words
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90 1995-01-14 3 AP KUALA LUMPUR South African Defence Minister Joe Modise held talks yesterday with Prime Minister Mahathir Mohamad on military training and defence cooperation. Speaking to reporters after the talks. Mr Modise said there were ample opportunities for technological cooperation between the two countries. "WeAP - 90 words
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77 1995-01-14 3 Reuter StOUL A six-man delegation from South Korea's giant Daewoo Group is in North Korea to discuss joint projects there, a group spokesman said yesterday. He said the delegation, led by vice-chairman Lee Kyung Hoon of Daewoo Corp, arrived in the North onReuter - 77 words
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Article92 1995-01-14 3 AFP SHANGHAI Shanghai is planning to attract 1.37 million foreign visitors this year, a 5 per cent increase from 1.3 million last year, a newspaper reported yesterday. The eastern metropolis also plans to increase the number of domestic tourists by 7.5 per cent to 1.7AFP - 92 words
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69 1995-01-14 3 Reuter TAIPEI Taiwan's top policymaking body toward China approved yesterday a new blueprint to promote commerce between the two rivals, ahead of high-level bilateral talks in Beijing next week. The plan aims to promote beneficial economic ties, establish order in economic exchanges and helpReuter - 69 words
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Page 3 Advertisements
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Advertisement6 1995-01-14 3 Which paper should investors chase? ELS6 words
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Advertisement125 1995-01-14 3 I A I I mm Tell Me Thai Youlx»v*l«#l I Having My Baby,l B J9 H I <H Hi :iIH H B v BP frjl I Me>l S| JK I Lonely Boy 1 ;< Dance on Little Girl" u H 1 My Way M 4.^-4'l "*B W hen Stop Loving125 words
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REGION/WORLD
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370 1995-01-14 4 NYT BEIJING A daughter of China's paramount leader, Deng Xiaoping, said on Thursday that her father's health had declined significantly in recent months and that he was unable to stand or walk. The daughter, Xiao Rong, denied reports that heNYT - 370 words
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385 1995-01-14 4 Bloomberg Business News WASHINGTON US retail sales fell an unexpected 0.1 per cent in December the first drop in eight months as stores cut prices during the holiday rush to move merchandise, government figures showed yesterday. For the year,Bloomberg Business News - 385 words
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315 1995-01-14 4 Reuter TOKYO The number of Japanese banks taking part in a commercial bank rescue package for Mexico may increase from the originally planned four, a government official told Reuters yesterday. The official, who is close to negotiations among Japanese commercial banksReuter - 315 words
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441 1995-01-14 4 Reuter, AP ROME Italian President Oscar Luigi Scalfaro yesterday appointed outgoing Treasury Minister Lamberto Dini prime minister-designate with the task of forming Italy's 54th government since World War 11, an official from the president's office said. Mr Dini, a former centralReuter,; AP - 441 words
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Article1779 1995-01-14 4 City Fl» ETA Flc* ETD_ Cttj Fl» ETA Fl» ETD Abu Pkaki GA976 0010 MM*— SQ4Q4 2330 Awn RJ187 0100 Plata SQ420 2030 JtaMtaNM KL838 0001 DM SQ417 0630 EK79 0015 SQ25 0635 SQ324 2330 EK70 1650 EK71 2210 KL837 1540 KL838 2335 SQ428 2320 AmcMm*1,779 words
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288 1995-01-14 4 Reuter LONDON Vibrant British exports continue to lead the economic recovery despite a higher-than-expected £644 million (S$ 1.468 billion) October trade deficit reported yesterday. Sales of British goods abroad rose 7 per cent compared with the previous quarter and were 14 per centReuter - 288 words
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Article, Illustration302 1995-01-14 4 AFP, AP MANILA The crush of mammoth crowds stretched the security cordon around Pope John Paul II yesterday, half-way into his pastoral visit of the Philippines. Defence Secretary Renato de Villa, however, insisted that security preparations have been adequate, though he said he would beefAFP,; AP; Reuter - 302 words
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302 1995-01-14 4 Reuter DETROIT US ambassador to Japan Walter Mondale said on Thursday Japan faces "serious consequences" if its car makers do not agree to increase their purchase of US car parts by the end of March. "I think a very important day isReuter - 302 words
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Page 4 Advertisements
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Advertisement16 1995-01-14 4 Where to eat? Check out LlinCh GilidG LuQCh every Monday in The New Paper Fastads. Guide16 words
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THE WORLD
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Article, Illustration572 1995-01-14 5 Bloomberg Business News ATLANTA The US economy's growth rate in 1995 will be half what it was during last year's fourth quarter. Federal Reserve vice-chairman Alan Blinder said on Thursday. The economy's output of goods and services rose at about a 5Bloomberg Business News - 572 words
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218 1995-01-14 5 Reuter LONDON Britain's ruling Conservative Party has hit an all-time low in public opinion, allowing the opposition Labour Party to clock up a record lead, according to a poll scheduled to be published yesterday. The poll, conducted by Gallup for theReuter - 218 words
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183 1995-01-14 5 Customers say computer makers 9 service no good Reuter NEW YORK A survey of 250 US corporations indicates that there is a high degree of dissatisfaction with the service and support provided by computer makers, according to Louis Harris Associates. The survey, commissioned by Dell Computer Corp Dell.O, gave theReuter - 183 words
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422 1995-01-14 5 Reuter WASHINGTON New Speaker of the US House of Representatives Newt Gingrich acknowledged on Thursday that he met media tycoon Rupert Murdoch amid an uproar over his US$4.5 million (556.5 million) book publishing deal with a firm Mr Murdoch owns. Mr Murdoch's and MrReuter - 422 words
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215 1995-01-14 5 Reuter PARIS Conservative presidential candidate Jacques Chirac sought to woo French leftist voters yesterday, calling for stronger action to combat unemployment and poverty. A new opinion poll, meanwhile, suggested that Mr Chirac could reach a run-ofT against hot favourite Prime Minister Edouard Balladur inReuter - 215 words
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WORLD WATCH
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117 1995-01-14 5 Reuter BONN Germany had a provisional federal budget deficit of 50 billion deutschemarks (5547.5 billion) in 1994, 19.1 billion less than originally forecast. Finance Minister Theo Waigel said yesterday. Mr Waigel said in a statement that the lower than forecast deficit was due to tightReuter - 117 words
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94 1995-01-14 5 Reuter MOSCOW Russia's central bank yesterday denied rumours of possible freezing of private hard currency accounts in commercial banks and said the rumours had been spread for speculative reasons. "The central bank has not been sending any orders to commercial banks," said a central bankReuter - 94 words
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Article102 1995-01-14 5 Reuter MOSCOW Russia's 1994 gross grain harvest of 92 million tonnes is enough to meet most demands for food and fodder but 1.5-2.0 million tonnes of milling wheat will need to be imported. Deputy Prime Minister Alexander Zaveryukha said yesterday. "The 92 million tonnes ofReuter - 102 words
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Article91 1995-01-14 5 Bloomberg Business News PASADENA, California NBC News may start a 24-hour news channel that would compete with Turner Broadcasting System Inc's CNN. NBC News president Andrew Lack told the Television Critics Association on Thursday that the news channel would be distributed directly to viewers overBloomberg Business News - 91 words
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Article, Illustration41 1995-01-14 5 Reuter LONDON Richard Branson, owner of Virgin Atlantic, celebrating after receiving an award for Airline of the Year at a ceremony in Ixmdon on Thursday. Virgin Atlantic took a further five awards including Best Trans-Atlantic Carrier. ReuterReuter - 41 words
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300 1995-01-14 5 Germans more willing to cheat on taxes, says survey Reuter BONN Germans are increasingly fed up with rising taxes, do not believe they are getting value for money from the state and are becoming more willing to cheat, according to a survey yesterday. The German Association of Taxpayers, an anti-taxReuter - 300 words
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Page 5 Advertisements
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Advertisement45 1995-01-14 5 Financial News o IVjnQI A Quick Look At The I I Markets k I Call 24 hours a day for I I SES KLSE I reports, I I market reports and Cost: 30 cents a minute Organised by: |||F|-| ]j R{ An SPH AudioTex Service45 words
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Advertisement285 1995-01-14 5 INVESTING IN 1995 Should investors be bargain-hunting for stocks or cutting their losses in ifc/ preparation for another punishing investment options? Find out in this month's Singapore Business. J JJJJ'j What's the fate of ageing 99-year homes? /jR "oISS® Million-dollar condos and their trimmings Infrastructure funds tap big money KohSamui:285 words
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COMPANIES & MARKETS
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Article, Illustration509 1995-01-14 6 SINGAPORE Concerns among investors that lower bids at a government property auction this week portended a decline in residential real estate prices are exaggerated, analysts say. Such concerns have been dragging property stocks down for the past three days, helping push509 words
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270 1995-01-14 6 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE DBS Bank has promoted its former Tokyo branch chief, N Ganesan, to the rank of executive vice-president, joining seven others of the same rank in the bank. The government-linked bank also elevated five vicepresidents to senior vice-pres-ident level in the270 words
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121 1995-01-14 6 SINGAPORE Sesdaq-listed Inter-Roller Engineering has been awarded a $3.6 million two-year contract by the Civil Aviation Authority of Singapore to maintain the baggage handling system at Changi Airport Terminal 2. Inter-Roller already maintains the new baggage handling systems in Terminal 1 which it121 words
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135 1995-01-14 6 SINGAPORE OCBC Bank will open a branch in the Malaysian offshore financial centre of Labuan on Monday. The branch, which has been granted an offshore licence by Bank Negara, will arrange and extend loans, trade and guarantee facilities and accept deposits.135 words
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583 1995-01-14 6 S N Vasuki - tfOGtiOCK SIEW By S N Vasuki SINGAPORE Sentiment in regional stockmarkets have been battered in recent weeks, first by interest rate worries and then the devaluation of the Mexican peso. As fund managers liquidate huge portions of their regional portfolio, many stockbroking firms583 words
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229 1995-01-14 6 William Chia - By William Chia SINGAPORE Diversified trading and property group Amcol Holdings will expand its engineering division by acquiring Li Soon Moulding Metal Works. Amcol said yesterday the purchase will be made by its newly incorporated subsidiary Raxton-Trade. Raxton-Trade, which will eventually change229 words
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149 1995-01-14 6 SINGAPORE A Malaysian unit of Provisions Suppliers Corp has bought a site in Kuantan for MSB.4 million (Ss4.B million). The 200,000 sq ft site, which has been approved for condominium and hotel development, is being bought by the PSC subsidiary Flobina. PSC149 words
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EYE on your STOCKS
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Article18 1995-01-14 6 For next week's expected market sentiment, see Bl Sentiment Index on EL4 (Personal Finance <£ Investment section)18 words
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Article, Illustration156 1995-01-14 6 Paul Leo - By Paul Leo MARCO Polo Developments fell only three cents to $1.91 yesterday on heavy volume of 654,000 units 7.7 times more than the 10-day average of 85,000 shares. Selling pressure is likely to ease as the stock falls towards support at $1.80. This was already evident during156 words
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COMPANIES
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Article, Illustration438 1995-01-14 7 Ruth Wong - From Ruth Wong in KUALA LUMPUR MALAYSIA is taking yet another ambitious leap into the space industry with the launch of a "Micro-Satellite Programme". Just 11 months before the launch of the nation's first satellite, Measat-I, the new programme is projected toAFP - 438 words
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284 1995-01-14 7 Bloomberg Business News HONGKONG China-back-ed Yizheng Chemical Fibre Co, the world's fifth-largest polyester producer, will issue 200 million shares to Chinese investors on Jan 18 to fund its expansion. The shares will be sold at 2.68 yuan (550.46) a share andBloomberg Business News - 284 words
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Article569 1995-01-14 7 MMagatV pricM Jan 14 16 l)S Or Fund 0 94 0 97" Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.54 1.63 Unifund 1.31 1.37 The Savings Fund 1.47 1.56 LJnibond 1.02 1 045 S pore Prog Fund 0.55 0.60 United Or Fund 1.57 164 S pore See Fund569 words
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466 1995-01-14 7 Bernama KUALA LUMPUR Nauticalink Bhd, operator and owner of a private ferry service in Langkawi, Kedah, plans to strengthen its position in the industry through an expansion programme. Executive director Abu Bakar L Man said the expansion programme included a MslBernama - 466 words
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316 1995-01-14 7 Reuter TAIPEI President Chain Store Corp, a subsidiary of President Enterprises Corp and operator of 7-Eleven convenienec stores, plans to list on Taiwan's stock exchange in 1996 to raise money for local expansion, the firm's vice-pres-ident Burton Hsieh said. Mr Hsieh said PresidentReuter - 316 words
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376 1995-01-14 7 Bernama KUALA LUMPUR Malayan Banking Bhd yesterday welcomed the Bank Negara guidelines on the trading of derivatives, saying that they do not curtail or prohibit the use of derivatives. Managing director Amirsham Aziz said derivatives were part and parcel of the financial systemBernama - 376 words
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246 1995-01-14 7 Bernama KUALA LUMPUR Time Telecommunications Sdn Bhd announced that it was granted a licence by the Ministry of Energy, Telecommunications and Post to handle both international outgoing and incoming voice, image, video and data traffic. Time Engineering Bhd on behalf ofBernama - 246 words
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COMPANY BRIEFS
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99 1995-01-14 7 Bernama KUALA LUMPUR Cold Storage (Malaysia) Bhd said it had divested its 53 per cent equity interest in Cold Storage (Sabah) Sdn Bhd to its joint venture with Nestle SA, Nestle Cold Storage (Malaysia) Sdn Bhd. for a total cash consideration of M 55.6Bernama - 99 words
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Article83 1995-01-14 7 Bernama KUALA LUMPUR Kinta Kellas Public Ltd said its whollyowned subsidiary, Pengurusan Lebuhraya Bhd, had entered an agreement with United Engineers (Malaysia) for the provision of project management services by Pengurusan Lebuhraya to UEM on the National Sports Complex at Bukit Jalil, Kuala Lumpur.Bernama - 83 words
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Article39 1995-01-14 7 Bernama KUALA LUMPUR AMMB Holdings bhd announced that its subsidiary, Arab-Malaysian Merchant Bank Bhd, had incorporated AMMB International (L) Ltd, a dormant company with a paid-up capital of US$2 under the Offshore Companies Act 1990.Bernama - 39 words
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107 1995-01-14 7 Reuter KUALA LUMPUR Malaysia's Kelanamas Industries Bhd shares jumped 10 sen. or 5.2 per cent, to M 56.10 on fresh rumours that the company has been linked to a privatised water and sewerage project, brokers said. More than 9.142 million shares changed hands, making itReuter - 107 words
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Article, Illustration42 1995-01-14 7 Reuter BEIJING A Chinese girl showing off American-made pagers sold in Beijing by her company Hua Xun. The company believes that China will become the world's biggest pager market within 10 years, overtaking the United States. ReuterReuter - 42 words
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735 1995-01-14 7 MARKET WATCH Bloomberg Business News HONGKONG Investors in Hongkong equity are sceptical and stuffed. In December, only Chinarelated Hongkong companies made initial public offerings of stock. At least four share sales are currently being delayed, according to underwriters. Of course, Hongkong's new equity marketBloomberg Business News - 735 words
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Article, Illustration484 1995-01-14 8 Reuter LONDON Troubled advertising agency Saatchi Saatchi issued a writ on Thursday against former chairman Maurice Saatchi and others in an attempt to stop them from setting up a rival agency. The world's biggest advertising agency said in a terseReuter - 484 words
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262 1995-01-14 8 Bloomberg Business News TOKYO Consumer electronics giant Matsushita Electric Industrial Co said it has "no plans at present" to buy a personal computer company. The statement comes a week after US computer industry magazine Information Week said Matsushita, software maker Oracle SystemsBloomberg Business News - 262 words
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488 1995-01-14 8 Claire Leow - By Claire Leow SINGAPORE Despite its recent problems, Intel Corp remained the world's number one chip company in 1994, with revenue up 27 per cent to US$lO.l billion (5514.6 billion) for a market share of 9.2 per cent. The figures488 words
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608 1995-01-14 8 Bloomberg Business News NEW YORK Citicorp and several other US banks posted mixed results as a surge in interest rates in the fourth quarter boosted loan income and ate into trading profits. Earnings surged 81 per cent at Citicorp, the nation's largest bank,Bloomberg Business News - 608 words
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SHIPS IN PORT
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Article438 1995-01-14 8 Vassal Vty No Bartfi Arrival Dapartura Vassal Vay No BarHi Arrival Daparfcra JvNI Part MA2, 95 P03 13.01/1700 14 01/0(00 Batarr latacn 01/04/95 C Mpdt 14.01/2300 IU Mam ?tt fO/ 1301/1730 ICOl/OSOO Batam Mati J9 J(onprt 14.01/2300 Karma Sciat 01,95 POO 14 01/1500 1501/2155 Batam Mara 01/03/95438 words
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Article1465 1995-01-14 8 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts SNp Voy No Etfa/Btr Period From To From to Me 221A 15/0400 IB 13/1500 13/1CM 13/1900 3 14/0/00 14/1159 14/1400 4 14/1200 14/1459 14/1700 JUUBmti 550/ 15/0600 1A 13/15001,465 words
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CURRENCY FOCUS
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Article, Illustration725 1995-01-14 9 Currency crisis is sparked as investors pull out of countries whose economic fundamentals are questionable Los Angeles Times MOVE over, Mexico. The currency devaluation game is quickly becoming a global affair. The Spanish peseta and the Italian lira both have tumbled to record lows inLos Angeles Times; Source: Bloomberg - 725 words
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Article, Illustration486 1995-01-14 9 Reuter TOKYO As jitters over currencies engulf global markets, the Japanese yen has become a "safe haven" for investors fleeing political risk in other countries, Tokyo currency traders said yesterday. Dealers said international investors have appeared to buy yenReuter - 486 words
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557 1995-01-14 9 Reuter KUALA LUMPUR A ringgit devaluation is unlikely, despite rumours that the Malaysian currency may follow the Mexican peso downwards because of a high current account deficit, officials and analysts said. "It's just speculation," Finance Ministry secretary-gener-al Clifford Herbert told reporters. "We have strong growth. TheReuter - 557 words
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391 1995-01-14 9 Bloomberg Business News MANILA The Philippines suspended foreign exchange trading for two hours after the local peso depreciated 1.5 per cent amid concern that Mexico's currency crisis could spread to other emerging markets. traders said. Under trading rules aimed at preventing wideBloomberg Business News - 391 words
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524 1995-01-14 9 Reuter HONGKONG Fears of a Mexican-style capital outflow were still rocking Asia yesterday, despite economists' advice that the worries are unfounded. Foreign investors were asking whether Mexico's currency devaluation and capital outflow crisis could happen in Asia. But analysts andReuter - 524 words
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FINANCE & COMMODITIES
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Article, Illustration471 1995-01-14 10 Reuter. Bloomberg Business News SANTA ANA. California Orange County officials said on Thursday the California county filed a US$2 billion (552.88 billion) lawsuit against Merrill Lynch Co, alleging the brokerage giant encouraged the county to take investment risks that were not authorisedReuter.; Bloomberg Business News - 471 words
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537 1995-01-14 10 lEA raises projections of non-Opec supply in second and third quarter Bloomberg Business News PARIS The world's projected need for Opec oil in the first quarter was left unchanged while second and third quarter estimates were lowered by the International Energy Agency compared withBloomberg Business News - 537 words
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148 1995-01-14 10 Knight-Ridder BOMBAY Public sector banks will soon be allowed to securitise their debts in order to raise extra funds, the United News of India reported. Special finance secretary R V Gupta said that efforts are being made by the finance ministry andKnight-Ridder - 148 words
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143 1995-01-14 10 Reuter KUALA LUMPUR Malaysia is turning to the US for its corn supplies because traditional supplier China is unable to sell grain to it, the US embassy said on Thursday. China recently banned exports and is now an importer. Malaysia is likely toReuter - 143 words
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Article, Illustration377 1995-01-14 10 DBS Bank weekly currency review US$/DM: 1.5230 to contain losses? THE greenback collapsed from a high of 1.5630 on Monday to a low of 1.5285 on Tuesday. It then regained ground to 1.5403 before selling returned to bring it down to 1.5250 on Thursday.377 words
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400 1995-01-14 10 Reuter BRUSSELS The European insurance sector expects strong growth in the next few years, following a double digit increase in turnover in 1993 despite the recession. Turnover rose II per cent in 1993 to a total of 434 billion European currency units compared withReuter - 400 words
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291 1995-01-14 10 ENERGY REPORT Reuter LONDON World oil prices slipped yesterday as unseasonally moderate weather in the US and Europe conspired with brimming oil product tanks at refineries to make traders hit the sell button. February IPE Brent crude futures on London's International PetroleumReuter - 291 words
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Article203 1995-01-14 10 Bloomberg Business News, Reuter LONDON The dollar closed higher on the day in Europe against the Deutsche mark, buoyed by the mark's retreat against the Italian lira after investors welcomed the Italian president's choice for a new prime minister. The US currency was mired near a seven-week lowBloomberg Business News,; Reuter - 203 words
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Article, Illustration1630 1995-01-14 10 rajf Mtfghied inJf cakvlalnl atam\t S'pnre'i Utp 14 iraJinf partner* Bom- year IWIf USS/SS forward rates Noon Jan 13 ~~s$ Bid Offer 1-month 1 4530 1 4545 2-month 1.4515 1 4530 3-month 1 4500 1.4515 6-month ***** ***** Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am mi Jan 131,630 words
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Article93 1995-01-14 10 AFP NEW YORK The dollar rose against other major currencies in New York early yesterday, boosted by the bond market's good reaction to US retail sales data. At 9:25 am (1425 GMT) the dollar was trading at 1.5370 German marks against 1.5280 at Thursday's close, while the yenAFP - 93 words
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COMMODITIES & FUTURES
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1262 1995-01-14 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars and Euroyen closed little changed. Dealers said Eurodollar market participants were watching the foreign exchange markets for direction in the short term. A Japanese trader said: "The dollar does not look as firm as at the start of the year.Reuter - 1,262 words
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636 1995-01-14 11 COMMODITY REPORTS KL Tin TIN price added 20 sen yesterday to close at MS 15.31 per kg on the Kuala Lumpur Tin Market (KLTM) on increased buying interest following the stronger London Metal Exchange overnight. The three-month tin on the LME rose US$45 to636 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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101 1995-01-14 11 TOKYO Thai FOB raw sugar premiums are set to stay strong through the first half of the year as supplies are dwarfed by large Asian demand expected this year, market sources said this week. Even with premiums of around 130 points for MarchMay101 words
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Article82 1995-01-14 11 SAO PAULO A planned return to a coffee export retention plan now could lead to a "small price war" ahead of guaranteed shortages later in the year during the Brazil harvest, warned National Coffee Department director Klaus de Freitas. He questioned the need for82 words
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65 1995-01-14 11 SAO PAULO A mission from the Chinese foreign trade ministry is visiting Brazilian sugar mills this week in a bid to increase imports of crystal sugar, the president of the Brazilian Rural Society said. The Chinese government is also negotiating direct imports from producers65 words
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Article67 1995-01-14 11 BOGOTA Colombia on Thursday adopted a complicated internal cofTee price formula that takes into consideration inflation and devaluation as well as a 60-day mobile price on the New York CofTee, Sugar and Cocoa Exchange. The government, in conjunction with the National Coffee Federation, extended until September67 words
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Article1479 1995-01-14 11 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 95 243.00 825 Mar 243.50 243.50 244 50 250 1125 Apr 249.00 249.00 246.50 100 3825 May 249.00 249 00 246.50 100 3875 Jun1,479 words
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REGIONAL STOCK MARKETS
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Article1143 1995-01-14 12 -3JL The share market closed lower yesterday, coinciding with a sharp drop in the Australian dollar, brokers said. "The market was fairly buoyant until about lunchtime, when the Aussie dollar started falling." said Tony Russell of Morgan Stockbroking. The Australian dollar closed more than one US cent weaker and1,143 words
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Article136 1995-01-14 12 +28.76 Share prices rose on the Bombay Stock Exchange (BSE) yesterday as financial institutions picked up offerings for the third day. The BSE Sensitive Index, tracking 30 shares on India's largest bourse, gained 28.76 points to finish at 3,603.66 points. Analyst Manish Prasad said domestic and foreign financial institutions136 words
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Article424 1995-01-14 12 -24.18 Share prices suffered a steep loss yesterday on the Korea Stock Exchange, with most bluechips falling back on revived monetary strain worries, brokers said. The Composite Price Index tumbled 24.18 points to close out at 976.59 points in lacklustre trading. Turnover dwindled to 37 million shares valued at424 words
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Article609 1995-01-14 12 -27.1 The bourse yesterday remained bearish in light trading although the market has entered oversold territory, dampened by market heavyweight banking and insurance shares and constructions, dealers said. The 409-issue Weighted Price Index on the Taiwan Stock Exchange lost another 27.1 points, or 0.41 per cent, to settle at609 words
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Article648 1995-01-14 12 -149.43 Philippine share prices took a hefty 5.68 per cent plunge yesterday on fears of depreciation of the peso and a new round of US interest rate rises, as the Philippine Stock Exchange resumed trading after a one-day holiday for the arrival of Pope John Paul 11. The Philippine648 words
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Article190 1995-01-14 12 New Zealand Jan 13 NZ +T. Vd~ ANZ Banking 4 90 unch 4196 Advantages HMp 150 unch WO Air Ne» ZealandIA) 3 45 unch I WTO Air No. Zealand (B) 4 80 uack ***** Bavcorp 092 -001 ***** BnrrV) ln> 1 09 4)03 37I0M6 COL Inseaments 0.21 unch *****0 Carter190 words
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WORLD STOCK MARKETS
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Article624 1995-01-14 12 +15.1 Blue chip shares closed firmer, boosted by Dow, bond and index futures strength while second line stocks failed to join the advance in a thinly traded market, still nervous about currency turbulence. The FTSE 100 Index ended with a 15.1 point rise at 3,048.3 while the Mid--250 finished624 words
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Article153 1995-01-14 12 +2.55 pc Shares powered higher as the market sighted the end of the current political crisis with President Oscar Luigi Scalfaro asking Treasury Minister Lamberto Dini to form a government. The market had surged after the presidency announced it had summoned Mr Dini for a mid-after-noon meeting which had153 words
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Article306 1995-01-14 12 1.6 Gold shares reversed a large slice of the week's hardearned gains by the close yesterday as a bullion price slip and pre-weekend nerves weighed on sentiment and brought fresh sellers into the market, dealers said. The Overall Index fin- ished 32 points lower at 5,669.6, the Industrial Index306 words
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Article230 1995-01-14 12 -2.47 Swiss shares recouped most of the earlier losses to close only marginally easier. A higher dollar, firmer bond futures and Wall Street's higher opening supported sentiment. The broad SPI Index was down 2.47 to 1,700.70 and the blue-chip SMI Index was down 2.3 at 2,598.2. SMI future was230 words
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Article843 1995-01-14 12 +13.79 The Dow Jones Industrial Average, which slid 3.03 points on Thursday, was ahead 13.79 points to 3872.79 at 11 am EST. The key barometer was up 22.20 points shortly after the market opened. The New York Stock Exchange Composite Index was ahead 0.69 to 252.41, while Standard843 words
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Article290 1995-01-14 12 -16.48 Stocks fell early on jitters about Canada's debt and dollar situation, worsened by falling precious metals and energy stocks. The TSE 300 Composite Index fell 16.48 points to 4136.25 in turnover of 14.36 million shares worth C 5189.29 million. Declines outpaced advances 224 to 137, with 214 issues290 words
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Article160 1995-01-14 12 -3.54 Belgian shares were a little easier at the close, lifted from lower levels with bonds by encouraging news US December retail sales eased 0.1 per cent against expectations of a 0.7 per cent rise. The Bel-20 Index closed 3.54 points or 0.26 per cent lower at 1,364.40 after160 words
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Article249 1995-01-14 12 +2.19 Dutch shares blipped higher just ahead of the close after better than expected US inflation data encouraged hopes that the week's downtrend in stock markets may have been reversed. The AEX Index ended at 412.61 points, up 2.19, paring some of the losses of the last few days.249 words
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Article119 1995-01-14 12 +5.92 Swedish stocks rose, pulled higher by soaring Hennes Mauritz shares, amid optimism about strong year-end earnings. Stocks were underpinned in late trading by a steadier krona and recovering bonds, analysts said. The benchmark OMX Index of 30 leading Swedish stocks rose 5.92 points, or 0.51 per cent, to119 words
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Article190 1995-01-14 12 -15.65 German shares ended floor trading lower but above the key 2,050 level. Losses curbed in late floor trading as March future contract rose. Range trading between 2,050-2,070 is still seen. If 2,050 breaks however, market may slide to 2,000, feel traders. The 30-share DAX Index was down 15.65190 words
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Article143 1995-01-14 12 +9.92 French shares finished higher on the back of advances in the dollar and in bond prices, triggered by news that US retail sales slipped in December, dealers said. The CAC-40 Index closed up 9.92, or 0.54 per cent, at 1,853.98. The CAC--40 Jan futures was 1,864 vs 1,852143 words
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Article752 1995-01-14 12 Britannia Funds Sterling Cash Bid Oder Mim Cap Drposii 38 6400 38 6500 Mim Jersey Gilt .0.1893 0.1992 Mim Mix Income '***** >***** LS$ Cash Income Plus Fund .*4500 9 9600 PS S Reserve Fund 5 MOO 5 3700 Sterling bqaity Euro Performance A4592 ***** Far East Fund ****** *2752 words
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Article, Illustration3043 1995-01-14 13 AP, AFP HONGKONG Share prices in Hongkong plunged yesterday in reaction to a newspaper report that the health of Chinese leader Deng Xiaoping has deteriorated in recent months. The Hang Seng Index, the market's key indicator of blue chips, fell 165.71 points, or 2.2 per cent, to 7,252.34. OnAP,; AFP; Source: Bridge Info - 3,043 words
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Article, Illustration613 1995-01-14 13 CLSA THE CLSA Hongkong H Index yesterday ended the week down 3.7 per cent on thin turnover of HKS49.I million. Qingling Motors saw its share price fall 7 per cent on profit taking, although volume was low at HKSI.64 million. Shanghai Petrochem, finishing up 0.5 per cent, accounted forCLSA - 613 words
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Article, Illustration2527 1995-01-14 13 Reuter TOKYO Stocks ended lower, buffeted by a wave of arbitragelinked selling on disappointment that the dollar fell below 99 yen on Thursday and failed to recover in Tokyo, brokers said. But trade was otherwise subdued in a vacuum of trading incentives and ahead of a three-day weekend. "TheReuter; Source: Bridge Info - 2,527 words
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Article, Illustration1862 1995-01-14 13 Reuter BANGKOK Thai stocks closed 1.9 per cent lower yesterday. retracing from more than a 5 per cent fall earlier in the day as local fund managers shopped for bargains, with banks leading the bounce back. The SET Index closed 24.41 points, or 1.92 per cent, lower at 1.248.59.Reuter; Source: Bridge Info - 1,862 words
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Article, Illustration1149 1995-01-14 13 Reuter JAKARTA Share prices tumbled at the close in nervous trading yesterdav following heavy selling pressure from overseas plavers across the board. Brokers said the fall in the stock market was sparked by offshore attacks on the rupiah currency which has apparently spread through the stock market. "The marketReuter; Source: Bridge Info - 1,149 words
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Article2495 1995-01-14 14 (if <»r 1994/95 l«l Vol Day l*U (Jmott l)» IK. YU *ie» M Cap lli*h Low r'] Salt (tOO) ll«h I jam Buyer Seller Or VIV. SaN MALAYSIAN STOCKS J98 160 m MSB SOt 239 sd 222 242 3 0 -2.9 0 4 24 S 206 102 m2,495 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6647 1995-01-14 14 AFP KUALA LUMPUR Malaysian shares plunged yesterday on selling pressure amid investor-concern over uncertainties in emerging markets sparked by the financial crisis in Latin America, brokers said. The Kuala Lumpur Stock Exchange's 86-share weighted Composite Index tumbled 16.74 points, or 1.8 per cent,AFP; Source: Bridge Info - 6,647 words
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STOCK EXCHANGE OF SINGAPORE
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Article7984 1995-01-14 15 M *****4 LmI v«l Day Last Quote DW Dh VM Nil Cap A»g High Lm Company Sale COM) Hick Ln Buyer Seller CV P/E Saill Price INDUSTRIAL AND COMMERCIAL 720* 408 ml s Acma 50c 410-6 2* 41$ 408 408 410 8 8 4.7 I I 13.1 MS 2 4257,984 words
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Article, Illustration1872 1995-01-14 16 R Sivanithy - By R Sivanithy SINGAPORE It was more misery in the local stock market yesterday, as prices continued to melt in the aftermath of the Mexican currency crisis that has severely dented confidence in regional stock markets. Technical traders said the Straits Times IndustrialsCharts by Bridge Info; Source: Bloomberg - 1,872 words
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Page 6 Advertisements
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Advertisement25 1995-01-14 6 /U H, GH STAKES Don *et shortchan Sed» go for a Y VSt] coverage you can bank on. 1 1 Financial News. Everyday. Business Times25 words
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Advertisement432 1995-01-14 6 NEWS VALUE Marco Polo aims to reap $525 m profit from Ardmore Park sale (pg I) Extraordinary profits could boost interest in the share. 26,000 new homes planned for Novena, Toa Payoh areas (pg 2) More supply coming on stream. But with the recent falls among property counters, effect likely432 words
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Page 7 Advertisements
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Advertisement110 1995-01-14 7 I International Stockbbokino We are a dynamic and growing regional stockbroking and financial services group, active in Asian equity markets. Our clients are major international fund managers and financial institutions. Institutional Sales We intend to further expand our sales team by hiring experienced professionals with strong fundamental background in the110 words
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Page 9 Advertisements
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Advertisement288 1995-01-14 9 INFfflline An SPH AudloTex Service In English Number Horoscopes (Daily) 8450 The Capricorn Career Finance; Win Prizes.' Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 A Crack That Led To Death; Win Prizes'. Children's Funland 8453 Long Long Ago! Face Facts 8454 Eyes Dreamland 8455 Fandi288 words
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Page 10 Advertisements
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Page 11 Advertisements
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Advertisement32 1995-01-14 11 "I deal in cameras. Andlknow whereto get good exposure." I g*>. H0,,.. V 'SZ g— <«!V S V£ m > oS?™ '100b rc"°" lOi J In, Call today for results tomorrow. CATS. 1800-737-116632 words
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Advertisement34 1995-01-14 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts throigh classifcation 203 in The Straits m Times GST Classified,34 words
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Page 12 Advertisements
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Advertisement38 1995-01-14 12 SINGAPORE Business Times WE KNOW ASIA Address Customer Relations Section Circulation Department *fpf Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: News Centre Singapore 1334 &&SISW' Tel: 1800-749 2577 Fax 744 487S Tel: (O) (H) BTtom*W)7ol9« r«r38 words
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Page 13 Advertisements
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Advertisement9 1995-01-14 13 I BusinesslT Every Monday, in Business l imes I9 words
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Page 14 Advertisements
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Advertisement98 1995-01-14 14 IStop by any Hong Leong Finance or Singapore Finance branch Period Interest with your share scrips, allocation slips and contract notes. Rats* Receive cash over the counter up to 70V of the current 1 mon,h 1.1% *JE market value or cap price (whichever is lower). 1 month* 1.®% the money98 words
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Page 15 Advertisements
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Advertisement49 1995-01-14 15 You may have been unable to get your Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service. yj/ LoN49 words
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Page 16 Advertisements
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Advertisement378 1995-01-14 16 I Equity Traders 1 I US Investment Bank I I Excellent Salary Package I I Singapore Based I This is a leading US investment bank highly regarded for its I product range and innovation. Their Equity Division in particular I enjoys pre-eminent status and an excellent reputation for trading I378 words
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Advertisement186 1995-01-14 16 NOT! CJEJS IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OK INTER UNITED AGENCIES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY OIVEN, ia paraual lo Sectioa 306 of tke Conpaaiea Act, Cap. 30 Iktf Ike Flaai Oeaeral Meoliag of lk« members of (to186 words
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Advertisement415 1995-01-14 16 THE COMPANIES ACT, CAP. 50 NICE GARMENT PTE LTD (la Voluntary Liquidation I SPECIAL RESOLUTIONS PASSED ON 4 JANUARY IW At an Extraordinary General Meeting of the company held at 31 Lorong 11 Geylang Singapore 1438 on 4 January 1995 the following special resolutions were passed (a) That Nice Garment415 words
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Advertisement331 1995-01-14 16 THE BANK OF EAST ASIA, LIMITED APPOINTMENTS OF DEPUTY CHAIRMAN AND NON-EXECUTIVE DIRECTORS The Bank of East Asia, Limited ("the Bank") is pleased to announce that the Chief Executive, Dr. The Hon. David LI Kwok-po has been appointed Deputy Chairman and Professor Arthur LI Kwok-cheung, Mr. Allan WONG Chi-yun and331 words
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Advertisement80 1995-01-14 16 SJNG INVESTMENTS FINANCE LIMITED (Incorporated in the RepuMc of Singapore) ANNOUNCEMENT Pursuant to Articte 5(1) (a) of the Articles of Association of the Company, it is hereby announced that the Status Declarations received by the Company as at the end of December 1994, revealed that the foreign beneficial ownership of80 words
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Executive Lifestyle
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Article, Illustration1558 1995-01-14 17 Jaime Ee asks some purveyors of hip for their views on what s in, what s out, what s hot and what s not in the year ahead JOHN TRAVOLTA is in. So are Italian greyhounds, Emma Thompson, Internet, breast cancer T-shirts and Quentin Tarantino. What's out?1,558 words
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STRAWS IN THE WIND
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Article81 1995-01-14 17 YOU THINK you've got a tough job? Here's something from a conference paper on financial markets we had to figure out: "Engle and Ng (1991) use the sign-bias test, the negative sign-size-bias and positive-size-bias as diagnostic test on whether the variance process of various models in the autogressive81 words
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Article64 1995-01-14 17 THERE was a newspaper advertisement about a lecture being given by a visiting spiritual leader who was to speak on enlightenment and such topics. But what really caught our eye was the last line of the ad, which said the speaker would also be exhibiting her very own64 words
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Article50 1995-01-14 17 LAST WORDS from US comic David Letterman: "In an interview with Connie Chung, Newt Gingrich's mother said Newt thinks Hillary Clinton is a *****. Newt apologised for his mom. He said: 'It's not her fault. She hasn't been taking her pills since 1 cut her off Medicare.'"50 words
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OPINIONS
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Article, Illustration884 1995-01-14 18 HO KAY TAT - The traffic situation in the Malaysian capital will improve in time with an MRT system but it will probably deteriorate first LETTER FROM KUALA LUMPUR HO KAY TAT The writer is BT's Kuala Lumpur correspondent Ur IHE TRAFFIC around Pudu I884 words
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Article, Illustration1050 1995-01-14 18 Neville Stack - Neville Stack finds it becoming increasingly difficult for London to deny the Scots a measure of independence that they're clamouring for Neville Stack The writer is a political commentator based in London. He writes regidarly for BT. THREE hundred years or so1,050 words
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Article827 1995-01-14 18 Samuel Brittan - With limits to central government action now more apparent, Samuel Brittan examines a controversial idea whose time may come soon Samuel Brittan he writer is a columnist with Financial l imes, where this commentary first appeared ONE OF the more thoughtful TV programmes recently was devoted827 words
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261 1995-01-14 18 Lie Gwat Hwa (Ms - LETTER TO THE EDITOR Lie Gwat Hwa (Ms) Company Secretary Jack Chia-MPH Ltd 1 REFER to the letter by Denis Distant (BT. Jan 7) and would advise that we have checked the various points raised with our registrars. The 30-market-day period261 words
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495 1995-01-14 18 Koo Tsai Kee - Koo Tsai Kee explains why he might call himself a liberal conservative if he were an American Koo Tsai Kee The writer is an MP for Tanjong Pagar GRC THE US political spectrum is growjng crowded at the centre.495 words
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CORPORATE PROFILE
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Article, Illustration2340 1995-01-14 19 Genevieve Cua - Competition, both global and domestic, is looming as Singapore Telecom's biggest threat. Chief executive Wong Hung Khim and top official Sung Sio Ma tell Genevieve Cua how Telecom is preparing to meet the challenge Asia's corporate giants A fortnightly series Genevieve Cua STRONG WINDS arePhotos by Chris Loh - 2,340 words
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1101 1995-01-14 19 SINGAPORE Telecom's Sung Sio Ma is a man in a hurry. And why not? Charged with charting the group's overseas expansion, he is all too aware that there are only so many telecommunications licences up for grabs. And the competition gets keener by the day1,101 words
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Article, Illustration614 1995-01-14 22 SUSAN TSANG - By SUSAN TSANG THE PUPPETMASTER looks like another attempt by a Chinese filmmaker (this time a Taiwanese) to pack the screen with bits of picturesque cultural oddments to appeal to Western audiences. The same has been done in Farewell, My Concubine and To Live. After a while, however,614 words
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Article, Illustration639 1995-01-14 22 IT SEEMS rather fitting that Macaulay Culkin, the richest child star in the world, should play Richie Rich, the richest boy in the world. It helps that both boys have dafly fathers, but after that, the fit goes wrong. The cartoon Richie was a piumpish kid who looked639 words
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Article, Illustration973 1995-01-14 22 Quak Hiang Whai - Capitalism has penetrated even the capital of China. Quak Hiang Whai observes how quick profits can be made from the relics of communism Quak Hiang Whai IF MAO had ever said "over my dead body" to capitalism, he would never have imaginedrenminbi apiece - 973 words
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Article, Illustration871 1995-01-14 22 Harish Mehta - Just 45km from Hanoi, a picturesque golf course is taking shape on an island lapped by lakes and cradled by mountains. Harish Mehta reports Harish Mehta NOT too long ago, an amphibious battle-tank belonging to the Vietnamese army crawled on871 words
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Article, Illustration749 1995-01-14 23 SHAHIRON SAHARI - CO Review By SHAHIRON SAHARI ERIC MARIENTHAL: Street Duct Marienthal, who played in Singapore last year at Jeremy's Jazz and Blues Cafe, has come out with the kind of album that David Sanborn, if he were still at his best, would probably make. But as Sanborn doesn't749 words
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TIME OFF
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Article272 1995-01-14 25 The Nightingale Talk about jailbird blues. Act 3's adaptation of Hans Christian Andersen's tale about how an emperor cages a nightingale in order to hear its beautiful voice. Unfortunately, once in captivity, it refuses to sing. Today: 7.30 pm. At the Drama Centre, tickets at $10 available from TicketCharge272 words
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Article, Illustration534 1995-01-14 25 Anniversary Concert Choo Hoey leads the SSO in this concert featuring Patricia Shih on violin. They perform Paganini's Violin Concerto No I and Rachmaninov's Symphony No 2. Today. 8.15 pm at the Victoria Concert Hall. Tickets at $6. $10. $14. $20 and $30 available from Sistic outlets. The Best534 words
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Article166 1995-01-14 25 Omnimax Movies Search for the Great Sharks Man's negative perception of sharks has made the creature a thing to be feared and avoided much like rabid dogs. This movie hopes to help us understand and see how these great creatures of the sea have to survive in a world166 words
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Article419 1995-01-14 25 Gems of Chinese Art Ceramics and bronzes from the collection of the Tsui Art Foundation. Includes items from the Shang Dynasty and the Warring Slates period. Until Jan 19. 9 am to 6.30 pm daily, at the Empress Place Museum. Admission: $6 for adults and $3 for children 12419 words
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Article205 1995-01-14 25 Global Entrepreneur Forum '95 Speakers from around the world come together in this fonim. especially for managers/owners of high-growth small-to-medium enterprises and for senior executives of large corporations who manage departments or regional offices. Jan 17 to 19. at the Raffles City Convention Centre. Fees: $995 tor delegates from205 words
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Article, Illustration357 1995-01-14 25 Aware Walkathon '95 Aware (acronym for Association of Women for Action and Research) is organising this walkathon in conjunction with its 10th anniversary. This year's theme is "Walking for Homen. Walking Jor Health". but both women and men can take part. However, men are only allowed to participate in357 words
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Article172 1995-01-14 25 Garden WaH Painting Event Participants get a chance to leave their mark on the Garden Wall at the Substation. This time, they have to work on a colourful tropical theme. Today and tomorrow. 10 am to 5 pm at the Garden. Spring at the Substation Graduates from172 words
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Article143 1995-01-14 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum 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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PEOPLE
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Article, Illustration161 1995-01-14 25 Raffles Hotel ushered in the new year with a grand ball in keeping with the tradition started in the *****. Bringing back memories of the first heyday of the hotel, the New Year's Eve event celebrated the Great Gatsby style of the Roaring 20s.161 words
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EPICURE
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Article, Illustration811 1995-01-14 26 JAIME EE - Bon Appetit By JAIME EE SOMETHING'S happened to Wang Jiang Lou. Call it something old, something new, something borrowed but nothing blue. This usually quiet restaurant in Clarke Quay has gotten hitched to a Hongkong restaurant called Yunnan Kitchen and taken its new married name, while retaining811 words
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Article, Illustration654 1995-01-14 26 N K YONG - Wine By N K YONG WHEN Brian Croser started Petaluma in 1976, he already had an impressive academic career. With a degree in Agricultural Science from Adelaide University (1969) followed by spells at California's Davis Campus and with Thomas Hardy Sons, where he became head winemaker, he had654 words
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Article, Illustration993 1995-01-14 28 A Woman Scorned. A deserted wife insinuates herself into the family of the guy who set her husband up with the woman he ran away with. Jade: 11; 1.30; 4; 6.30; 9. Blue Tiger. Virginia Madsen hunts down a yakuza killer by using her body as bait. R(A). Midnight993 words
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Page 17 Advertisements
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Advertisement106 1995-01-14 17 M 1...' w "±[7' r r *#dSSl jt jjf I^9 r -*Z J&f.-f y *%Ji r :»m tfdrate! ->> Ef «n W, *?> iJ^M £«i& y* f*.ar t£s? ss* f m fl m m THE m m '^*s*l mm p M fl fl fl I ii II m m WIP106 words
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Page 18 Advertisements
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Advertisement42 1995-01-14 18 C •BT welcomes J letters from you. S k ('lease address them r S to; The Editor, j k Business Times, f r 390 Kim Seng Rd, j j S pore 0923. Letters C r should include your J contact numbers. S42 words
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Page 18 Miscellaneous
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Miscellaneous66 1995-01-14 18 it'c. mQPC.°>IN' J I SLCjEP UNC>€R I'UHM'? P>E.C£>l /tT- V PUR'NGJUC. DP-f w -q ~y POONESBURY garry trudeau hm%m»£s 1 m'ESffijk lai! I "St. wwywr p•aKsg 11 a/ jj^jaTj jumtto TveGorAuotvevuLxm THANK tuftm NOT AT JUST AS fKXAPOt/T FOKOUAPtLOT HBCLO, j OjKSVKXT |Tj A«9vl *J3V»* mOirTY-IHOUHTXJN fCTTTNO, J BE-f CW7TM66 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration549 1995-01-14 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, DBS Investment Research, Fraser Securities, G K Goh, Kay Hian James Capel, Morgan Grenfell, Nomura Research Institute, Phillip Securities, SBS HG Asia, S G Warburg, Smith New Court and549 words
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Article, Illustration439 1995-01-14 20 Christopher Chong - Christopher Chong Research director Kay Hian James Capel ut N a very forgettable I 1994, the Singapore X. market performed more or less in line with expectations: it traded within a relatively narrow range (2,000 to 2,400) and outperformed most of its major competitors in the region.439 words
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Article, Illustration690 1995-01-14 20 Joyce Quek - THEWEEK By Joyce Quek TWO Hong Leong group companies hit the headlines this week, in both cases because of events in New York. Hong Leong Asia (HLA), the industrial arm, is seeking to be the first Singapore group to list on theSource: Bloomberg - 690 words
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Article, Illustration832 1995-01-14 20 Peter Sutherland - Peter Sutherland believes it's time to think about what to buy rather than what to sell Peter Sutherland THE NEWS is getting gloomy enough for investors to start thinking about what to buy again rather than what to sell. Land auction prices have fallen, foreign funds832 words
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595 1995-01-14 20 Shiv Taneja - Shiv Taneja on the CPF-approved funds' performances and investment strategies Shiv Taneja IF YOU thought investing in unit trusts is only for the faint-hearted, then you are wrong. Last year admittedly a forgettable year as far as equities go several local unit595 words
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Article913 1995-01-14 20 Launch I mth 3 mths 6 mths I yr 2 yrs 3 yrs Launch 1 mth 3 mths 6 mths 1 yr 2 >rs 3 yrs Raakina H at Jan |W Ranking as at Jan 9. I99S S 5 «M 5Tm *70 *92 44*3 49.58 MSCI C ombined Far913 words
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833 1995-01-14 21 Shiv Taneja - Newspaper stocks in South-east Asia came under US broker Lehman's scrutiny in a recent report. Shiv Taneja has the details Shiv Taneja Hold on to Hongkong newspaper stocks, buy Thai newspaper counters at lower levels as well as Malaysia's New Straits Times (NST) but take833 words
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Article210 1995-01-14 21 Malaysia: buy Of the newspaper stocks in the region, Lehman continues to recommend buying New Straits Times Press. While newsprint accounts for 36 per cent of total newspaper operating costs, the company recently raised cover prices for its newspapers (not included in Lehman's estimates). and while the Malaysian210 words
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Article380 1995-01-14 21 LEHMAN Brothers believes there is downside risk in SPH. It does not expect the company to offset at least the next newsprint hike with cover price increases this is part of a strategy to stay competitive with other advertising media, says Lehman. It rates SPH380 words
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Article, Illustration463 1995-01-14 21 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE BT Golf Index slipped slightly in December after four consecutive months of rising prices. The index, which tracks the listed prices of eight Singaporebased golf and country clubs, stood at 248.69 at end-Decem-ber, down 2.6463 words
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Article, Illustration644 1995-01-14 21 Martin French - Eye on the region Martin French says the Malaysian market is beginning to display good value but investors will have to learn to be patient Martin French The writer is the chief representative of Credit Lvonnais Securities (Atalaysia) THE MALAYSIAN market is now a buy.Source: Bridge Info - 644 words
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661 1995-01-14 21 Paul Leo - Paul Leo on 1994's largest listed companies in Asia outside Japan Paul Leo SINGAPORE Telecom pipped Hongkong-listed HSBC Holdings to become the largest listed company in the Asia Pacific, outside Japan, in 1994. In a "contest" determined by who lost the least as regional661 words
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Page 23 Advertisements
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Advertisement444 1995-01-14 23 LIFEENHANCEMENT PROGRAMME FOR THE 90' S. -neneujDaySpa.reJi.ingll.e.pecificneJsoflkegO-. /em, Hj. BaAm onj memh™, of tke BritiJ, person, brings you the full range of die best of inter- and European royal family. national spa treatments from around the world. To celebrate its launch, Renewal Day Spa will he conducting a Life- J444 words
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SPORTS
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Article, Illustration664 1995-01-14 24 Shahiron Sahari - The Singapore golfer has benefited from two seasons in Japan, writes Shahiron Sahari Golf Shahiron Sahari A MEASURE of how far Singapore golfer Samson Giiftson has truly come can perhaps be gauged when he performs for the second time atPhoto by Arthur Lee - 664 words
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474 1995-01-14 24 Run-up to Australian Open AP MELBOURNE Top seed Arantxa Sanchez Vicario will face Fang Li of China in her first round match at the Australian tennis championship a tournament she needs to win to be certain of takingAP - 474 words
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SCORE CARD
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Article, Illustration19 1995-01-14 24 NEW YORK NBA Thursday: San Antonio 113 Miami 108; Den- ver 94 Dallas 78; Phoenix 96 Cleveland 107.19 words
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Article, Illustration136 1995-01-14 24 > ORLANDO, Florida US$7OO,OOO LPGA Tournament of Champions Ist rd Thursday (US unless noted): 68 Barb Mucha 69 i- Beth Daniel 71 Betsy King, Tammie Green 72 Dottie Mochrie, Lau- ra Davies (GB) 73 Lisa Walters (Can), Liselotte Neumann (Swc), Martha Nause, Shelley Hamlin, JoAnnc Carncr, Lisa Kiggens. DURBAN,136 words
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Article, Illustration79 1995-01-14 24 BAKEL, Senegal Dakar rally (393 km 11th stage from AyounEl Atrous, Mauritania, to Bakel, Senegal) yesterday Stage: 1 Salvador Servia-Puig (Spn/Citroen) 5 h 31:55 2 Ari Vatanen-Picard (Fin/Fra/Citrocn) a 02:16 3 Timo Salonen-Gallagher (Fin/GB/Citroen) 04:52 4 Pierre Lartigue-Pcr-in (Fra/Citroen) 05:39 5 Kenjiro Shinozuka-Magne (Jpn/Fra/Mitsubishi) 13:04. Overall: 1 LartiguePerin (Fra/Citroen)79 words
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Article, Illustration205 1995-01-14 24 MELBOURNE Kooyong Classic yesterday Semi-final- Pete Sampras (US) b Stefan Edbcrg (Swc) 6-3, 6-7 (4/7), 6-2. Consolation pool: Jason Stoltenberg (Australia) bt Pat Cash (Australia) 6-3, 1-0 retired. SYDNEY New South Wales Open yesterday Men's semi-fi-nab: Patrick McEnroe (US) b 7Andrea Gaudcnzi (Ita) 6-3 6-4; Richard Fromberg (Aust) b205 words
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SIDE LINES
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77 1995-01-14 24 Reuter SEOUL South Korea is ready to pour hundreds of millions of dollars into building new stadia and renovating existing venues if it wins its bid to stage the 2002 World Cup, bid committee members said yesterday. It would also raise someReuter - 77 words
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Article133 1995-01-14 24 AFP MELBOURNE World No 1 Pete Sampras will play longtime rival Michael Chang in the final of the Kooyong tennis classic here today. Sampras set the final with a 110-minute steambath battle yesterday to beat Stefan Edberg. 6-3, 6-7 (4/7), 6-2. On Thursday Chang playedAFP - 133 words
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99 1995-01-14 24 Reuter HONOLULU. Hawaii Keith Fergus finished up with two birdies and an eagle on Thursday to earn a share of the first round lead with Jim Furyk at the US$l.2 million (551.75 million) Hawaiian Open golf tournament. Fergus and Furyk each shot five-under-par 67Reuter - 99 words
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Article95 1995-01-14 24 AFP ORLANDO. Florida A hole-in-one with a six-iron on the 163-yard, par-3 17th hole here on Thursday enabled Barb Mucha to snatch a one stroke lead after the first round of the USS7OO.OOO (551.02 million) LPGA Tournament of Champions. The opening event of the 1995AFP - 95 words
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523 1995-01-14 24 NFL Conference Finals AFP SAN FRANCISCO American football's championship game is more than two weeks away, but tomorrow's semi-fi-nal match-up between Dallas and San Francisco is already being billed as "The Real Super Bowl". The two-time reigning National Football League (NFL) champion CowboysAFP - 523 words
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Article, Illustration662 1995-01-14 24 Quarterback known to show his best in playoffs NYT IRVING, Texas He will not be remembered for his boyish smile or his California good looks, even though he played high school football in Henryetta, Oklahoma. Few will remember his televisionNYT; Reuter - 662 words
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475 1995-01-14 24 NYT PITTSBURGH This is the place where Troy Aikman and Steve Young are not playing tomorrow. That's somewhere out west, where Iron City Beer is a funky import from the Alleghenies, and where they'll be playing the National Football Coherence championship game withNYT - 475 words
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Page 25 Advertisements
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Advertisement141 1995-01-14 25 i I f > /j£/ Above Beyond P»e Ltd 1 Mar.nmr Square W2 101 EapoOrtrway Ti* 272*042 Cortina Watd. Centre P»e Ltd *)1-36 Raffles City Stopping Centre Trf *****0. «H--32 Lucky PlaaaTd 2.1V11M4 Deluxe Eastern Watch Pte Ltd «U1 l»/2<lCentrep«>inl Td ***** V. Jewellery Industrie* (SI Pie Ltd 44 Alexandra141 words
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Page 26 Advertisements
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Advertisement211 1995-01-14 26 Crt GUARDIAN OF GREAT V INTAGES LERQy /)///y//// zZy /z////zzyzj BWm£ W*_ uJfc.iM 7/i i v '/r/<' is </ produet of (i bioilvitamie itrh\ard I his method prohibits flu ust <»/ <<// (heminils meludiriii ti< > i KilU ts pesticides and s\nthi tu fertilizers arid also reintrodiu* s the importune*211 words
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Advertisement60 1995-01-14 26 30 MILLION FOOD-LOVERS CAN'T BE WRONG. Over 30,000,000 American gourmets read Mr Anthony Dias Blue's views on good food in his various food columns. You can listen to him speak while enjoying a truly superb Italian meal at Ristorante Bologna. Bookings, naturally, are extremely limited. per person. Reservations: 331 8503.60 words
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Advertisement323 1995-01-14 26 WIRE tO WINE, OWE AMD ENTERTAIN Olde English Eating House I J 277 Orchard Rd #02-38 Specurftsts' Centre S (0923) 1 1 $2= CBD PASS! m When you spend S2S/- or more at Fosters for lunch m or afternoon tea from Moo-Sat, show us your valid M daily or monthly323 words
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Page 27 Advertisements
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Advertisement1091 1995-01-14 27 1 I I Nothing Beats A Bud. where to wine, dine and entertmn OF Japanese Food Promotion 2 -25 January At our Japanese bullet lunch and dinner, you can help yourself to the wide range <>l dishes. Enjoy Cha Soba, Tempura, Chawan Mushi, Sushi and many more. Adult: $19.00 Child1,091 words
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Advertisement353 1995-01-14 27 Celebrating Fish Let's drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of everg imaginable fish recipe. Salmon, sole. Irv) snapper, sea bass... if it can be caught, it can be orlne cooked. And we know all the delicious wags. {Tj Continental353 words
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Page 28 Miscellaneous
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Miscellaneous2505 1995-01-14 28 TODAY'S TV 7.30 Berita 12. 7.45 Yang Di Sayang. ■OQIuMaS 800 Nature by Design. 800 Benta Sw,asa--8.30 Connections 11. 8.30 Majalah Wanita. Desperate Justice, Bpm, Ch 5 Home Improvement, lpm, Ch 5 Beyond the Ckwds. 900 Berita Semasa/Topik SeDrama about a desperate Talk about role reversal. Al ac- 1055 Soccer:2,505 words
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