The Business Times, 15 April 1995
1995-04-15
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The Business Times
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Title Section14 1995-04-15 1 Business Times MITA(P) 194/12/94 Weekend Edition, April 15-16 1995 WE KNOW ASIA 85 c14 words
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Article, Illustration658 1995-04-15 1 Anthony Rowley - From Anthony Rowley in TOKYO JAPAN yesterday announced a fiscal and monetary package that included a 0.75 percentage point cut in the official discount rate in an attempt to halt the yen's upsurge, revive Tokyo stock prices and prevent the658 words
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258 1995-04-15 1 AFP TOKYO Japan said yesterday it would work with central banks around the world, particularly in Asia, to boost the yen as a key international currency as US economic influence declined. Takafumi Kaneko, a deputy director of Japan's Economic Planning Agency,AFP - 258 words
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143 1995-04-15 1 AFP TOKYO Shintaro Ishihara, co-author of the controversial book Japan That Can Say A'o, put an end to his 25-year career as lawmaker yesterday, saying he despaired of Japanese politics. "All political parties and almost all parliament members are egotistic. They are solely motivated byAFP - 143 words
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338 1995-04-15 1 AP NEW YORK Former Chrysler Corp chairman Lee lacocca, who would put USSSO million (SS7O million) into Kirk Kerkorian's proposed buyout of the carmaker, says his successor, Robert J Eaton, hasn't moved fast enough to solve Chrysler quality problems. "1 hired himAP - 338 words
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254 1995-04-15 1 SINGAPORE Lawyer Wong Meng Meng is not claiming Si 2 million as his legal fees for representing Indonesian state oil company Pertamina, as reported in Business Times on Thursday. Mr Wong pointed out that the $12 million was the total "bill of costs"254 words
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490 1995-04-15 1 K P Nayar - From K P Nayar THE Indian government may seek to press fraud charges of its own against fugitive businessman Rajan Pillai who fled Singapore to Bombay earlier this week. But New Delhi will need the cooperation of the Singapore government490 words
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125 1995-04-15 1 AP NEW YORK Nationsßank Corp is interested in talking to Chase Manhattan Corp about a possible merger, a move that could create the largest bank in the United States, The Wall Street Journal said yesterday. The newspaper said it asked James Hance Jr, Nations-AP - 125 words
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2am LATEST
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Article73 1995-04-15 1 Reuter WASHINGTON USAir Group Inc, responding to a gloomy assessment of the carrier's prospects by its auditor, said yesterday it has enough funds for normal operations and will end the year with over US$4OO million (SSS6O million) in cash. In a filing with theReuter - 73 words
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62 1995-04-15 1 Reuter PARIS Paris mayor Jacques Chirac extended his lead in the French presidential campaign yesterday despite a battering from fellow conservative Prime Minister Edouard Balladur and extreme-rightist Jean-Marie Le Pen. Just over a week before the April 23 firstround ballot, two polls showed himReuter - 62 words
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41 1995-04-15 1 Reuter WASHINGTON White House spokesman Mike McCurry acknowledged yesterday that Iran is the likely source of a new flood of arms to the Muslim-led Bosnian government but denied it tacitly welcomes the supply effort.Reuter - 41 words
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Article170 1995-04-15 1 Stock market indices Friday Change STII closcd KLSEComp 965.97 +2.63 Nikkei 16.047.89 -390 90 i lang Seng closed SET Index closcd Jakarta Comp closed Manila Comp Closcd Taipei WPI 6.356.55 -61.03 Seoul Comp 906.06 14.86 Bombay BSE 30 closcd CLSA China B closcd Aust All Ord closed FTSE170 words
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Page 1 Advertisements
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Advertisement10 1995-04-15 1 /)*)!>[<~'/_?""|^$~~_\*-,.?=,=^ The crossword puzzle, Doonesbury and Bristow are on Pg 1110 words
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Advertisement20 1995-04-15 1 Ambassador of the sea: Pg 12 Jean-Michel Cousteau's mission Moves to cut deficit will revive dollar, says Clinton, Pg 420 words
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Advertisement142 1995-04-15 1 Top 20 regional companies: Pg 13 Based on market capitalisation :^XfHmli^^' fy^EEF^Available eadunvcty; SINGATORt ■■>iii/i Hn«ti<|»rr 455 CVrhard Road. #02-42, Wnma Aim. Singapore 0925 Tel. 7SS7I IS. 591 Orchard Road, *01-10 Takashunava S.C. Singapore 0923. Tel: 735 1283. Burt>«TY» Canoa DAIMARU DFS Orchard ISETAN Orrhard NAN HEN LEATHER GOODS TAKASHIMAYA142 words
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Advertisement10 1995-04-15 1 Film Festival: Pg n alternative guide {-@!:[<\$|%(/,%*^%"_`(+|},%?="= ■111 8 *****1 *****410 words
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Advertisement34 1995-04-15 1 I^COIiTIWTSn News Regional News 2.3 S pore* aa 5 6 World 3.4 Fnancal 8 Feature* Mart**, usITS 11 Re»iews 14 Repona 10 Sports 15 world 10 Epicure 16 Currencies .9 TVRaifco 18 S*ne«Comir» 534 words
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THE REGION
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Article, Illustration613 1995-04-15 2 Leslie Lopez - Elections 95 By Leslie Lopez KUALA LUMPUR Judging from the final list of election candidates contesting under the ruling National Front banner. Prime Minister Mahathir Mohamad appears set to implement major changes in his government line-up at both the federal613 words
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398 1995-04-15 2 Ho Kay Tat - From Ho Kay Tat in PENANG OPPOSITION LEADER Lim Kit Siang yesterday confirmed he would take on Chief Minister Koh Tsu Koon to spearhead his party's third bid for power in Penang state. Mr Lim398 words
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Article, Illustration152 1995-04-15 2 AP. AFP TOKYO Long columns of policc in riot gear raided 130 facilities of the Aum Shinrikvo yesterday as concern grew over its prophecy of a horrible event this weekend. At one such facility, cult followers knelt in prayer (afxne) as policc formedAP.; AFP - 152 words
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265 1995-04-15 2 Bloomberg Business News BEIJING China's export machine moved into top gear during the first quarter of 1995. generating a U557,084 billion (559.9 billion) surplus. That compares to a deficit of USS 1.3 billion during the same period of last year, the official State StatisticsBloomberg Business News - 265 words
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226 1995-04-15 2 Bernama, Reuter TOKYO Japan's trade surplus in fiscal 1994 dropped 3.2 per cent from the preceding year to U*****.98 billion (SSI6S billion) for the first decline in four years, the finance ministry reported yesterday. The ministry, however, said Japan's tradeBernama,; Reuter - 226 words
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Article110 1995-04-15 2 Bloomberg Business News TOKYO The total debt of Japanese firms that went bankrupt in March rose 124.9 per cent on the year to 1.127 trillion >en (SSIB.B billion), according to Tokyo Shoko Research, a private research institute. The number of actual corporate bankruptcies rose 4.1Bloomberg Business News - 110 words
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Page 2 Advertisements
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Advertisement40 1995-04-15 2 GUTHRIE GTS Since 1821 Effective Saturday, 15 April 1995, Guthrie GTS Limited and all the subsidiaries in its Property Division will re-locate to their new office premises at 115 Amoy Street #02-00 Singapore 0106 Telephone: 466 2555 Facsimile 221 567740 words
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Advertisement397 1995-04-15 2 News from Home wherever you are. r- I The Straits Times Weekly Edition offers you a crisp summary of the week's major happenings j in Singapore and in the Asean region. You can stay in touch with the social issues, politics, business and economy at home wherever you are studying,397 words
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REGION/WORLD
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562 1995-04-15 3 AP WASHINGTON In another sign that the American economy is slowing, industrial production fell last month for the first time in six months and there was more slack at the nation's factories, mines and utilities for the second month inAP - 562 words
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386 1995-04-15 3 Reuter WASHINGTON New global trade rules could give Washington more brawn to open huge new markets for the US food industry, and American officials said they fully intend to flex that new muscle. The Ointon administration has decided toReuter - 386 words
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NOTE BOOK
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Article93 1995-04-15 3 AFP UNITED NATIONS The UN Security Council yesterday voted to allow Iraq to export a limited amount of oil to cover the cost of humanitarian supplies for its civilian population. In a resolution adopted by the 15-member council, the UN said Iraq couldAFP - 93 words
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90 1995-04-15 3 AP KUALA LUMPUR Malaysia's Home Affairs Ministry has issued a directive that only women aged 35 years and above can be recruited as maids, an employment agency official said in an interview published yesterday. Because of the new rule, Malaysian families will haveAP - 90 words
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60 1995-04-15 3 AFP TOKYO Japan and Indonesia yesterday agreed to cooperate in working out a draft for trade and investment liberalisation during this year's meetings of the Asia-Pacific Economic Cooperation (Apec) forum, government officials said. The agreement was reached between Japanese Foreign Minister Yohei Kono andAFP - 60 words
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Article62 1995-04-15 3 Reuter TOKYO The Bank of Japan recalled 900 billion yen (SSIS billion) in loans from banks, money traders said yesterday. The central bank later confirmed the operation. The funds were drained to offset an estimated money market surplus of 900 billion yen yesterday, whichReuter - 62 words
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Article55 1995-04-15 3 AP BEIJING Non-military products accounted for three-fourths of the total output of China's defence industry in 1994, according to an official report published yesterday. As part of a gradual shift towards civilian production, two-thirds of former military enterprises have shifted to making only non-military goods, theAP - 55 words
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187 1995-04-15 3 Reuter BEIJING China issued a nationwide edict ordering state agencies to halt their use of illegally copied software, Xinhua news agency said. The state has begun allocating large sums of money to ensure that agencies have sufficient budgets to buy legitimateReuter - 187 words
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457 1995-04-15 3 AP TOKYO Japanese officials yesterday downplayed a threat from the United States of USSI billion (SSI.4 billion) in sanctions if the two countries fail to agree in car trade talks. "I don't think punitive tariffs are imminent," said Norihiro Kono. anAP - 457 words
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Article, Illustration62 1995-04-15 3 AFP CANBERRA These life-size nude sculptures of Queen Elizabeth II and the Duke of Edinburgh were vandalised yesterday, resulting in the Queen losing her head. The sculptures have outraged monarchists who describe them as an insult to the country's heads of state. The attack hasAFP - 62 words
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308 1995-04-15 3 AFP PARIS Presidential aides sought to scotch rumours yesterday about a sudden worsening in the health of President Francois Mitterrand, who is suffering from prostate cancer, saying he was "well". An Elysee spokesman specifically denied that the 78-year-old president was in hospital orAFP - 308 words
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383 1995-04-15 3 MBT KUALA LUMPUR Asean needs a concerted and combined effort to convince Japan that its yen loans should be denominated in multi-curren-cies. said International Trade and Industry Minister Rafidah Aziz yesterday. "Asean is not in the position to influenceMBT - 383 words
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Advertisement40 1995-04-15 3 Financial News A Quick Look At The Mfl I Market! Call 24 hours a day for I SES KLSE I icports, world I reports business news. Cost: 30 cents a minute Organised by: j j |p An SPH AudioTex Service40 words
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Advertisement132 1995-04-15 3 BUSINESS TIMES EXECUTIVE APPOINTMENT TOLL-FREE TEL. No. 1 -800-741-1883• FAX: 741-1298 siiiiia I A leading Jakarta Securities firm is looking for qualified candidates with university degree for the following position: Degree in Finance or Accounting preferred Minimum 3 years working experience as a Securities Analyst or Corporate Finance Excellent English132 words
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THE WORLD
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498 1995-04-15 4 NYT, Bloomberg Business News WASHINGTON In his most extensive comments on the dollar since it began its recent fall. President Bill Clinton said on Thursday that he saw little basis in reality for its recent weakness. He expressed confidence that financialNYT,; Bloomberg Business News - 498 words
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WORLD WATCH
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71 1995-04-15 4 NYT WASHINGTON President Bill Clinton's re-election campaign started quietly yesterday. The president will mark the occasion by sending a letter to one million Democrats seeking support and money. The official stirrings of the committee to re-elect the president came as Mr Clinton offered oneNYT - 71 words
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Article81 1995-04-15 4 Reuter JERUSALEM Israeli Prime Minister Yitzhak Rabin was quoted in an interview published yesterday as saying he did not rule out uprooting Jewish settlements under a final peace agreement with the Palestinians. "I still think that during the period of the interim accord it isReuter - 81 words
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71 1995-04-15 4 Bloomberg Business News WILTON, Connecticut Manufacturing executives' outlook for their industry during the next three months dimmed, but still remained at traditionally high levels, according to a Dun Bradstreet survey. In its monthly poll of 1,000 manufacturing executives, the firm said the composite index measuringBloomberg Business News - 71 words
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Article88 1995-04-15 4 AFP JOHANNESBURG Winnie Mandela was fired from her ministerial post for a second time yesterday after President Nelson Mandela closed the legal loopholes that allowed her reinstatement on Wednesday, Radio 702 reported. Mr Mandela fired her on March 27, but reinstated her as deputy minister of arts,AFP - 88 words
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300 1995-04-15 4 Reuter BELGRADE Businessmen from abroad are flocking to Yugoslavia in search of trade opportunities, lured by the belief that tough United Nations sanctions may soon be lifted. Trade delegations from Britain, Japan. South Korea and Hungary have all visited BelgradeReuter - 300 words
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256 1995-04-15 4 Reuter DUBAI Renewed United States pressure on Iran is viewed with some apprehension by oil-rich Arab neighbours across the Gulf, diplomats and officials said yesterday. "We have to live with them," one Gulf official said of the Muslim fundamentalist rulersReuter - 256 words
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Article, Illustration60 1995-04-15 4 AFP FRANKFURT A visitor at the Frankfurt Senekenburg Museum peering up on Thursday at the leg of an ultrasaurus, one of the largest creatures that ever walked the Earth. The museum spent a year reconstructing the dinosaur leg, from bone fragments uncovered in Colorado thatAFP - 60 words
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Article1836 1995-04-15 4 Ctty Flight ETA FS«)rt ETD_ City Fj^| jg Bjl II®. Abu Uufei GA860 1945 Ho CM Minh City VN741 1310 VN740 1410 Adelaide QF81 1930 QF82 2055 SQ171 1915 SQ172 1430 [J/J* 7 Hongkong UA1 0050 UA2 0835 Amsterdam SQ25 0650 KL838 2300 SQ! 1125 CX7101,836 words
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258 1995-04-15 4 Anthony Rowley - From Anthony Rowley in TOKYO ATTEMPTS to reach a nuclear accord between North Korea and the United States are "snagged in an impasse" because North Korea's paramount leader Kim Jong II has taken personal charge of the258 words
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217 1995-04-15 4 Reuter KIEV Ukraine has agreed to close down the Chernobyl nuclear power station by the year 2000. bringing in sight an end to one of the grimmest legacies of the country's Soviet past. Ukrainian and European Union otTicials said on Thursday thatReuter - 217 words
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146 1995-04-15 4 AFP LONDON A crusade by Labour opposition leader Tony Blair to revise the Marxist precepts on which his party was founded ran into a wall of opposition from trade unions on Thursday. Unison. Britain's biggest union, delivered a severe rebuff toAFP - 146 words
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Page 4 Advertisements
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Advertisement230 1995-04-15 4 co^s Vij. if Fine Wine Facts (?/ateaib d' "One of the few luxury priced wines that merits a stratospheric price tag" Parker Chateau d'Yquetn stands in the Sauterne region with a reputation unparalleled by its neighbour;. An obsession to produce the finest wines at any cost, has led to the230 words
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COMPANIES & MARKETS
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341 1995-04-15 5 MBT KUALA LUMPUR The new regulations limiting the number of days a counter can be suspended on the Kuala Lumpur Stock Exchange have been hailed by analysts. "It looks like the KLSE is finally clamping down on the handful of directors whoMBT - 341 words
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Article, Illustration405 1995-04-15 5 Ruth Wong - Bid in the offing to provide cellular, telecom services in Indian state From Ruth Wong in KUALA LUMPUR TELEKOM Malaysia Bhd is eyeing a bigger slice of the international telecommunications industry and has set its sights on India and Indonesia. Executive chairman Rashdan Baba said405 words
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380 1995-04-15 5 MBT KUALA LUMPUR Earnings per share (EPS) growth of companies on the Kuala Lumpur Stock Exchange (KLSE) should remain strong at 17.9 per cent in the current year and 16.8 per cent in 1996, according to stockbroking firm Zalik Securities. ZalikMBT - 380 words
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746 1995-04-15 5 S.N. Vasuki - HOCK LOCK SIEW By S.N.Vasuki EKRAN Bhd, the Malaysian construction firm developing the massive Msls billion (SSB.S billion) Bakun dam. received some unpleasant news last week. Finance Minister Anwar Ibrahim said the government had decided to allocate a 51 per cent stake in the746 words
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242 1995-04-15 5 Bernama KUALA LUMPUR Malaysian Assurance Alliance Bhd expects better results in the coming years despite intense competition among insurance companies in the country Chairman Ya'acob Abdullah said in the company's 1994 annual report that the potential for growth in the life insurance industry wasBernama - 242 words
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347 1995-04-15 5 Bernama KUALA LUMPUR Selangor Properties Bhd is planning several residential developments with related companies for its land bank in Damansara Heights and Ukay Heights as well as on the outskirts of Kuala Lumpur. In its 1994 annual report, chairman Wen TienBernama - 347 words
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319 1995-04-15 5 KUALA LUMPUR Repco Holdings Bhd, which requested a suspension from trading on Thursday, is said to be planning a restructuring exercise to streamline its operations. The Star newspaper reported yesterday. The second-board counter shed 20 sen to MS 11.10 on319 words
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SHIPS IN PORT
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Article529 1995-04-15 6 Vessel Voy Wo Berth Arrival Departure Vessel Voy Wo Berth Arntal Oepartue Juroflg Port Gaoyang 139 P07 15 04.2100 18 04/0(00 ArtteRiwr V9406 13 alongside 15.04,0600 Hoegh Dene 0328 P05 1404/2359 1604/0600 Cattei Star 113 112 alongside 15.04/1100 Hong Hock ***** P04 1404/1630 1504/0600 Kafcope 04/96 111529 words
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Article1666 1995-04-15 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance R$M$ Ship Voy No Etb/Btr Period From To From »o 0»s< 064A 16/1200 IB 14/1500 14/16S9 14/1900 3 15/0/00 15/1159 15/1400 4 15/1200 15/1459 15/1/00 Ac, L*y 061B 15/1800 1*1,666 words
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COMPANIES
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Article, Illustration469 1995-04-15 6 MBT KUALA LUMPUR Mega First Corporation Bhd (MFCB), whose core business is the mining of copper, gold and silver, is diversifying into land development, power plants and light industries as it expects its mining ventures to come to an end in five years dueMBT - 469 words
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COMPANY BRIEFS
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74 1995-04-15 6 HONGKONG Jardine Matheson Holdings' British investment fund unit was hit with fines and costs totalling HK$l.l3 million (*****,000) for breaching UK securities regulations, the South China Morning Post reported. The breaches at BH Matheson Investment Management took place before and after the unit was74 words
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62 1995-04-15 6 Bernama KUALA LUMPUR Diethelm Holdings (M) Bhd has reported a group pre-tax profit of M 516.5 million (559.3 million) for the year ended last Dec 31, against M$ 16.08 million a year earlier. Diethelm said group turnover rose to Msl.oB billion from M 5883.8 million.Bernama - 62 words
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54 1995-04-15 6 H R Johnson suffers 47% profit fall Bernama KUALA LUMPUR H R Johnson (Malaysia) Bhd has reported a pre-tax profit of M 53.21 million (SSI.B million) for the year ended last Dec 31, down 47 per cent from M 56.05 million a year earlier. Turnover was down 4 per centBernama - 54 words
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173 1995-04-15 6 Bernama KUALA LUMPUR Austral Amalgamated Tin Bhd has proposed to acquire a 100 per cent stake in Iras Prima Sdn Bhd for Ms 6 million (553.4 million) cash. An Austral Amalgamated statement here yesterday said the proposed acquisition was part of itsBernama - 173 words
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341 1995-04-15 6 MBT KUALA LUMPUR MTD Capital Bhd plans to acquire land for further development by its property division. And. as part of its continuous efforts to diversify, the company is targeting potential investments in manufacturing-based industries as well as in oil and gas ventures. Executive chairmanMBT - 341 words
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344 1995-04-15 6 AFP, Reuter SEOUL Controversy flared and Samsung Group shares toppled yesterday after the conglomerate's chairman Lee Kun Hee went out of his way to chastise South Korean President Kim Young Sam's government. The Chosun llbo newspaper reported that MrAFP,; Reuter - 344 words
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Article572 1995-04-15 6 HMafn' pricM Apr 15 A 17 US Or Fund 0.98 I 02— Singapore Unit Trust UOB Astct Mgt Ltd The (ommeroc I M 1.67 Unifund I.J4 1.40 The Sawngs Fund 1.42 I 50*d Unibond-t- 1.030 1.055 S pore Prog Fund 0 58 062 United Of Fund1.55 1.61 S pore See572 words
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469 1995-04-15 7 Bloomberg Business News DETROIT Chry sler Corp, a day after rejecting an unsolicited takeover offer, said its first-quarter profit fell 37 per cent amid rising rebate costs, slumping sales and a US$7O million (Ss9B million) charge to fix its older minivans.Bloomberg Business News - 469 words
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121 1995-04-15 7 Bloomberg Business News NEW YORK Chrysler Corp has hired CS First Boston to help advise it on how to thwart Kirk Kerkorian's US$2O.5 billion hostile bid, CS First Boston said. The ear marker retained its traditional investment bank, Salomon Brothers Ine, on TuesdayBloomberg Business News - 121 words
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Article, Illustration55 1995-04-15 7 Reuter ULSAN, South Korea South Korea's Hyundai Group chairman Chung Se-young accompanying Vietnamese Communist Party chief Do Muoi (left) during his tour at Hyundai Motor Company in Llsan city yesterday. The Vietnamese leader is in Korea for a week-long visit aimed at promoting economic tiesReuter - 55 words
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146 1995-04-15 7 AFP SEOUL The US subsidiary of South Korea's Hyundai Electronics Co has acquired TV/COM International, a US firm which specialises in building digital compression networks, a company spokesman said here yesterday. Hyundai Electronics of America (HEA), based in California. on Thursday signedAFP - 146 words
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335 1995-04-15 7 Bloomberg Business News NEW YORK JP Morgan Co's first-quarter earnings fell 26 per cent, as trading profits fell and revenue from many key businesses was stagnant. The nation's fifth-largest banking company on Thursday said net income fell to US$255 million (*****Bloomberg Business News - 335 words
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COMPANY BRIEFS
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Article68 1995-04-15 7 AFP TOKYO Japan's Sumitomo Metal Industries Ltd plans to slash another 1,500 jobs by March 1997 in addition to the 4,300 similar job cuts now underway, a spokesman said yesterday. The spokesman for the major steelmaker said the plan would begin in September asAFP - 68 words
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76 1995-04-15 7 AFP TAIPEI Taiwan's largest motor manufacturer, Teco Electric and Machinery Co Ltd. has purchased a 90 per cent share of Westinghouse Motor Co of the United States, company officials said yesterday. Under the deal totalling U5532.4 million (Ss4s million), Teco will boost its share inAFP - 76 words
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Article94 1995-04-15 7 Reuter WASHINGTON McDonalds Corp raised the salary of its chief executive, Michael Quinlan, to U*****,875 (Ssl.4 million) in 1994 and boosted his bonus by US$l5O,OOO to U*****,000. Mr Quinlan made a salary of US$9BO,OOO in 1993. In a proxy statement filed with the Securities and ExchangeReuter - 94 words
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Article81 1995-04-15 7 Reuter TOKYO Fujitsu Ltd affiliate Takamisawa Electric Co Ltd will issue 9.13 million new shares on July 1 through a third party allocation, the company announced yesterday. Fujitsu will buy all new shares for five billion yen (SsB4 million). Fujitsu as a result willReuter - 81 words
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FINANCE & COMMODITIES
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508 1995-04-15 8 AFP HONGKONG Hongkong's currency link to the embattled US dollar has lived to fight another day, but the longerterm consequence could prove to be higher inflation here in the next year to 18 months, analysts say. But few expect the government to abandonAFP - 508 words
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114 1995-04-15 8 S P: Sakura Bank on credit watch AFP TOKYO Standard Poor's said yesterday it is placing its long- and short-term debt ratings of Sakura Bank and its related entities on credit watch with negative implications, affecting about US$6.5 billion (Ss9 billion) of debt. The placement "stems from S P's concernsAFP - 114 words
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Article, Illustration32 1995-04-15 8 Reuter SEOUL South Korean aerobic dancers entertaining at a Hyundai-owned petrol station here on Wednesday. Fierce competition between stations is increasing the need for such sales promotions. ReuterReuter - 32 words
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252 1995-04-15 8 Bloomberg Business News NEW YORK Merrill Lynch Co has gone to court to stop Waterhouse Securities Inc from calling its new central asset account service Investors Cash Management Account. Merrill said the name infringes on its Cash Management Account name for its own centralBloomberg Business News - 252 words
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173 1995-04-15 8 UPI TOKYO Japan's big four securities houses are considering expansion into India's fastgrowing equities markets beginning with equity participation in Indian brokerages, the Jiji wire service reported yesterday. The brokers Nomura, Daiwa, Nikko and Yamaichi have made contact with Indian brokerage houses,UPI - 173 words
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325 1995-04-15 8 Reuter KARACHI Pakistan's rice exports are likely to exceed 1.5 million tonnes in fiscal 1994-95, but private exporters say the state was selling rice abroad too cheaply. Javed Islam Agha, chairman of the Lahore-based private Rice Exporters Association of Pakistan (Reap), said exports,Reuter - 325 words
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339 1995-04-15 8 Reuter NEW YORK After months of hype, the renewed export withholding programme of the Association of Coffee Producing Countries (ACPC) has provided little of the sizzle some players had expected, traders said. Prices have barely moved since Monday, the official restart date ofReuter - 339 words
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Article, Illustration1517 1995-04-15 8 I rudeneitfHted index .jk ulw.nl afuimt Spore lop 14 trading partners Base year 1985 US$/S$ forward rates Noon /Apr 13 s$ Bid Offer 1-month 139 JO I Wi 2-monlh IJMO ***** 3-month 1.3849 1.3864 6-month 1.3743 1.3763 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sam m Apr1,517 words
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COMMODITIES & FUTURES
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Article1289 1995-04-15 9 Reuter SINGAPORE Simex Euroyen and Japanese government bonds futures yesterday ended a newsfilled day sharply higher after the Bank of Japan (BOJ) announced a cut in the discount rate to one per cent from 1.75 per cent. "There's been quite a bit of activity consideringReuter - 1,289 words
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588 1995-04-15 9 COMMODITY REPORTS KL Tin KUALA LUMPUR: Tin price on the Kuala Lumpur Tin Market yesterday eased by 15 sen to MS 14.21 Wn per kg on an official offering of 45 tonnes in line with the downtrend on the London Metal Exchange588 words
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KNIGHT-RIDDER
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66 1995-04-15 9 TOKYO Japan's customs-cleared imports of non-ferrous metal ore and concentrate totalled 1.03 million tonnes in March, up 8.9 per cent from a year before, according to a preliminary report released by the Ministry of Finance. For the fiscal year ended March 1995, Japan's customs-cleared non-ferrous66 words
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Article56 1995-04-15 9 TOKYO Japan's customs-cleared gold imports were 36.92 tonnes in March, up 214 per cent from a year before, according to a preliminary report released yesterday by the Ministry of Finance. For the fiscal year ended March 1995, Japan's customscleared gold imports totalled 232.95 tonnes, up56 words
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126 1995-04-15 9 SINGAPORE Indonesia is not in favour of the European Union's plan to allow the usage of cocoa butter substitutes, said PS Siswoputranto, executive director of the Indonesian Cocoa Association. The EU is seeking to "harmonise" a directive currently in force in the UK, Ireland and126 words
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108 1995-04-15 9 BEIJING China's cotton situation looks bleak for 1995 as the government has yet to realise its purchase plan for the year and textile enterprises face more problems than in 1994, the official China Economic Information Service reported yesterday. The State Information Centre, as quoted108 words
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Article1513 1995-04-15 9 SICOM Futures Apr 13 Rubber Physical Prices (futures dosing m at 5.30pw) 1_ 1.1 TiTliii RSS1 Contract (S cents/kg) As at 12 mm (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest RSS 2 May 95 268.00 269.00N May 95 268.00 267.50 269.50 200 1925 RSS1,513 words
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Article5424 1995-04-15 10 CORPORATE RESULTS Net tarn KPS Dale IY LY IY LY Company ann (Sm) ($m) (els) (cts) MSB* Mar 31 I I 973 0 843 2 92 0.92 Alliance Tcch Mar 30 P I 380L I.564L ANA Holds Apr 3 P 3 392 2.591 7.07 5 405,424 words
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Article, Illustration2441 1995-04-15 10 Bloomberg Business News TOKYO Stocks fell to end a four-day winning streak amid scepticism that a government economic package and a discount rate cut would reverse the yen's advance against the dollar. Exporters and brokerages were among the biggest decliners. "No one is standing on their chairs and cheeringBloomberg Business News; Source: Bridge Info - 2,441 words
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REGIONAL/WORLD MARKETS
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Article603 1995-04-15 10 •61.03 THE Taipei bourse yesterday extended its bearish run for a fifth consecutive losing session, with electrical shares hit hardest, slumping 2.3 per cent, dealers said. The 419-issue Weighted Price Index on the Taiwan Stock Exchange dropped 61.03 points to finish at 6,356.55 points, following a 44.76-point decline the603 words
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Article151 1995-04-15 10 14.86 Share prices posted a sharp rebound on the Korea Stock Exchange yesterday, on the back of a financial stocks' rally, dealers said. The Composite Price Index jumped 14.86 points to close at 906.06 points. Trading volume also went up to 18.97 million shares valued at 354.4 billion won151 words
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Article261 1995-04-15 10 133 ITALIAN shares climbed for a second day as stocks likely to benefit from an agreement to introduce private pensions posted strong gains. "There was strong demand today from domestic buvers on pension fund-re-lated businesses, namely banks and insurers," said an analyst. Milan is the only European stock market261 words
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Article908 1995-04-15 10 Toronto Apr 13 CS Ahbh Price 19 4/8 2/8 Akan Alum 3** 4/8 Bank No%a Scot 14 27 fc8 4/8 Rank of Montrral 27 5/f 4- 1/8 Bm DM i H Bravan 18 5/8 1/8 (DNImpBk Mfw 8 >4/8 i 'mmm 23 6/8 i/s (on fjc (MO urwh Domiar 11908 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6615 1995-04-15 11 AFP, Reuter KUALA LUMPUR Malaysian share prices closed marginally higher yesterday as investors continued to worry over the falling dollar despite yen-curbing measures announced by the Bank of Japan. The Kuala Lumpur Stock Exchange's weighted Composite Index perked up 2.63 points to 965.97AFP,; Reuter; Source: Bridge Info - 6,615 words
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Page 5 Advertisements
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Advertisement107 1995-04-15 5 WELCOME OFFER SAVINGS OF UP TO 50% FROM OUR NEW STAMFORD HOUSE SHOW GALLERY Where You Find The Best Italian Designers! SHOW GALLERY: OSER DESIGN 39 Circular Road Singapore 0104 Tel: (65) 538 9668 Fax: (65) 538 2956 (Mon Fri: 10am 7pm, Sat: 10am 2pm) OSER STUDIO 39 Stamford Road,107 words
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Page 7 Advertisements
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Advertisement151 1995-04-15 7 Fine Wine Facts 6hatemL^ar^aua> "A brilliantly consistent wine of stunning grace" The beautiful Chateau Margaux managed by the formidable Corinne Mentzelopoulos has become the adoration of its neighbouring first growth peers. An overwhelming commitment to the vineyard and winemaking facilities at Margaux has paved a new precedent for Bordeaux, achieving151 words
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Advertisement395 1995-04-15 7 t |K Lee Kuan Yew at a snap^^ to see his path in life and listen to him on The Family •Constituency Visits Q n 9 AllgUSt 1965, LCC Klian YCW Said at the prCSS Election Rallies National Day A Rallies Overseas Visits Interview COnferCllCC proclaiming the lndcpCnQCIlCC 01 oingapOFC395 words
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Page 8 Advertisements
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Advertisement336 1995-04-15 8 UFBline An SPH AudioTex Service ENGLISH NUMBER Children's Funland How Much Is That Doggie 910 0001 Usborne Book Line introducing were wolves 910 0002 Horse Racing Results is/4, sat 911 0001(*) 4D/Sweep/Toto Toto Draw No 963 911 0002(*) Tele-Games Crack The Safe A Mrs Wizards's 911 0003 Crystal Ball 8336 words
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Page 9 Advertisements
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Advertisement453 1995-04-15 9 BUSINESS TIMES NOTICES TOLL-FREE TEL. No. 1-000-741-1883 FAX 741-1296 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PROPORTION UNY (SINGAPORE) PTE LTD fh Hbmbara* Vofcrtary UqpkMon) MQDCtflEaiflLMgnß NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap. SO that the Final453 words
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Advertisement40 1995-04-15 9 Any job. Any Career. Available Any Day. Any Time. ANYWHERE. fJf Co*f my tan wM) ~—J The Straits Times THE SUNDAY TIMES Business Times The New Paper Lianhe Zaobao Lianhe Wanbao Shin Min Daily News Berita Harian Berita Minggu •rf40 words
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Page 10 Advertisements
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Advertisement8 1995-04-15 10 APPOINTMENT ADS HELP YOU FIND THE RIGHT CANDIDATE8 words
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Page 11 Advertisements
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Advertisement19 1995-04-15 11 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday. j Business Times mmm**m19 words
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Advertisement6 1995-04-15 11 BusinesslT Every Monday, in Business Times6 words
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Page 11 Miscellaneous
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Miscellaneous281 1995-04-15 11 Ip i push Mv oesK foe TVC ,VE GOTTT (MJL 50... FOR>-*«0 50... T°ls\ L&& Ln "E§^t C AfOCMTIO WWWMftIW LTO. HM-im DOONESBURY GARRY TRUDEAU HIS NAMES EARL HtS I THAT QUITE &6HT, SIR' neR£S V&.&R HJTHER* A LOCAL I /M£AVS ONLY A UNA TEST I*#™* fOHEJHftf H&A STRIPPER UrthA281 words
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Miscellaneous287 1995-04-15 11 CRYPTIC CROSSWOKP 1 Violent reaction to support IK)—^ for corporal punishment (8) 9 Start shooting! It gets the H house-warming under way JB— 10 A shade indecent (4) by 13 Guys who have artistic tal--15 Oriental to help jjjfl |H HHHH[ 16 Sadly, a young lady without I 17 I287 words
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Executive Lifestyle
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Article, Illustration1484 1995-04-15 12 Corinne Kerk - Jean-Michel Cousteau is a man with a mission to save the oceans. The ecologist and explorer talks to Corinne Kerk about his plans and projects to make children more environmentally aware Corinne Kerk U-m /W" Y AIM is to edu- cate the very I I young1,484 words
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STRAWS IN THE WIND
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Article78 1995-04-15 12 NEVER believe what you read in the menu. This must have been the conclusion an Italian couple arrived at when they ordered a dish of braised sea cucumber in a Chinese restaurant. They tucked into it before realising something wasn't quite right. Calling a waitress over,78 words
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Article76 1995-04-15 12 IF YOU ever get invited to an event organised by International Business Forum, you might want to make sure it hasn't been cancelled before you go. One reporter discovered that the company had cancelled one function without informing him. When he called to find out what was happening, he76 words
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Article36 1995-04-15 12 THE ORGANISERS of an an exhibition, presumably worried that the newspapers wouldn't come for the event, sent qyt a press release saying that the exhibition would be "officiated by a very important and prominent person".36 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration581 1995-04-15 13 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring, Credit Lyonnais Securities, DBS Investment Research, Fraser Securities, G K Goh, Morgan Grenfell, Nomura, Ong Co, S G Warburg Smith New Court. Buy! DBS Investment Research (Apr 13)581 words
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Article, Illustration384 1995-04-15 13 Hong Yeo Boon - Yeo Boon Hong Associate Director Credit Lyonnais International Asset Management E" continue to view Indonesia Y as an attractive investment proposition and our recent visit reinforced our views that its economic growth is sustainable for the next two years. Inflation is likely to remain in the 8-10384 words
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Article, Illustration893 1995-04-15 13 Joyce Quek - THE WEEK By Joyce Quek THE mind boggles at the endless possibilities when the Hong Leong empires on both sides of the Causeway cooperate on projects. Imagine the billions at their disposal, not to mention their connections and expertise in varied fields such as893 words
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Article, Illustration589 1995-04-15 13 Al Labita - Eve on the region From Al Labita in MANILA A "BLITZKRIEG" of bad news hounded the market during the past weeks, setting off selloffs that led to a sharp plunge of the composite index. The US dollar weakened, compounding the market's woes spawned bySource: Bridge Info - 589 words
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586 1995-04-15 13 Paul Leo - Paul Leo on who's on and who's off the list of top 20 companies in the region, outside Japan Paul Leo SINGAPORE Telecom emerged once again in quarterly rankings as the largest listed company in the Asia-Pacific region outside586 words
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CINEMA
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Article, Illustration1814 1995-04-15 14 Susan Tsang - Bth Singapore International Film Festival Susan Tsang takes a look at the less talked about offerings at this year's festival the Iranian and the children's selections Susan Tsang SO YOU couldn't get tickets to Bugis Street. Half of your friends want to see high brow stuff like1,814 words
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Article, Illustration753 1995-04-15 14 T! HF SINGAPORE International Film Festival may be something that young children could have trouble saying, but that doesn't mean it is just an event for adults. The category "Youth In Film" contains five films that would interest youngsters; and some of them would probably charm adults753 words
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SPORTS
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Article, Illustration536 1995-04-15 15 Tactics count as Stars Stripes edges out Mighty Mary America's Cup NYT SAN DIEGO It could be said of Dennis Conner that he can see a wind shift with his eyes closed. How else to explain a sailor who has developed an uncanny ability to keep coming back with America'sNYT; AFP - 536 words
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Article, Illustration616 1995-04-15 15 Larry Dorman - By Larry Dorman NYT HILTON HbAD ISLAND. South Carolina John Daly and his broker were having a conversation earlier this week, shortly after he had shot a final-round 81 in the Masters. Daly was a little uncertain about whether to play in this week'sNYT - 616 words
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SPORT SHORTS
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Article, Illustration149 1995-04-15 15 AFP VERO BEACH, Florida Hideo Nomo. the first player to jump from Japanese to US baseball, struck out three batters in pitching two hitless innings for the Los Angeles Dodgers in a 7-1 victory over Ron da on Thursday. "One thing I want to show is that a JapaneseAFP - 149 words
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Article, Illustration111 1995-04-15 15 AP ST JOHN'S, Antigua Rain allowed just three hours play on the fifth and final day of the second test between the West Indies and Australia, condemning the match to a draw. It was a frustrating end to a delicately poised match. Australia carried their overnight 273 for seven,AP - 111 words
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Article, Illustration73 1995-04-15 15 HILTON HEAD ISLAND, South Carolina L'SSI-3 million PGA tournament Ist rd Thursday (US unless noted): 66 Gene Sauers. Nolan Henke 67 Bnan Kamm. Bob Tway. Tom Lehman 68 John Daly, Greg Kraft. Steve Jones. Phil Mickelson. Steve Lowery. Corey Pavin. Brett Ogle (Aust) 69 Greg Norman (Aust). Nick Price73 words
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Article, Illustration194 1995-04-15 15 AFP PARIS Michael Schumacher was back on top of the world of Formula One on Thursday night, after he and David Coulthard were reinstated as the top two finishers in the Brazilian Grand Prix on March 26. In a historic decision, a fourman appeal tribunal of the International AutomobileAFP - 194 words
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Article, Illustration85 1995-04-15 15 Reuter JOHANNESBURG Fullback Gavin Johnson set a Springbok points scoring record as South Africa humiliated Western Samoa 60-8 at Ellis Park on Thursday night. Johnson scored 28 points, including a hat-trick of tries, as the home side served notice of their form ahead of the World Cup which beginsReuter - 85 words
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Article, Illustration41 1995-04-15 15 NEW YORK NBA Thursday: Boston 119 Orlando 114; Miami 85 Cleveland 84; NY 110 Wash- ington 100; Philadelphia 102 New Jersey 94; Utah 121 Golden State 102; Houston 112 Portland 99; Seattle 133 Dallas 112; LA Clippers 103 Denver 125.41 words
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Article, Illustration1881 1995-04-15 15 Christopher Toh - Compiled by Christopher Toh Ballet Under the Stars Singapore Dance Theatre's performances take on a whole new concept with these outdoor productions that include Giselle and Breath of Time. The grounds at The Green will also be opened to picnickers from 6pm. BYO, or you can purchase snacks1,881 words
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EPICURE
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Article, Illustration804 1995-04-15 16 JAIME EE - Bon Appetit By JAIME EE YOU KNOW what they say about Peranakan food. You can never get the real stutY outside of a nonya's kitchen. To a certain extent that's true, but the fact that a few Straits Chinese restaurants are still in business means804 words
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Article, Illustration365 1995-04-15 16 JAIME EE - By JAIME EE IF YOU always thought Boston clam chowder was this dreadfully thick soup where you eat the seafood and use the rest as glue, you haven't tried the version at Hyatt's Nutmegs restaurant. Guest chef Peter Davis from the Charles Hotel in Boston is365 words
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Article753 1995-04-15 16 N K YONG - Wine By N K YONG BORDEAUX Classified Growths remain the tacit benchmark for winemakers throughout the non-French wine world. They spend time working there, they closely study French methods, they change over to the Bordeaux-type small barrels using French oak and so on, all in an attempt753 words
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Article, Illustration1010 1995-04-15 18 Blindfold: Acts Of Obsession. Shannon Doherty and Mike Woods arc a married couple trying to keep their marriage exciting. Shrink Judd Nelson tells them to act out their erotic fantasies. R(A). Lido: 11.15: 145; 9.15. 11.30. Prince: 11: 1.30; 4; 6.45: 9.15. President: 1.30. Chinatown: 3: 7: 9. Blue1,010 words
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Page 12 Advertisements
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Advertisement72 1995-04-15 12 ■f I I 1* N la fk.tr ra I .Cun*d sapphire glass sfl rri-tnps »,tt»r-rrMslini $if 1/ IT oiw" mnviinrr' V SOLE AGENT: LAKE WIND IMPEX PTE LTD, T«fe 7W0%7 T t? orn Quite simply the Royal Oak. J 1 Audemars Piguet' The master watchmakers. Regional Agent: AUDEMARS PIGUET SINGAPORE72 words
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Page 13 Advertisements
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Advertisement34 1995-04-15 13 wM^* BOUTIQUE 581 Orchard fjjL #02-24 Telephone *****60 *u JF j A ■L a aJ^ 1^ j m>. JHNH A il\ J^| 1 jV s VH4 S v X V jk "^J fl 134 words
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Page 16 Advertisements
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Advertisement53 1995-04-15 16 —w r BOOK NOW for the KTV Rooms special promotion (For reservation please call *****36) Company Party Product Launch Dinner Dance or just anything you can imagine. We got everything you need to make your event Singapore 1130 Tel: 356 1136 PLAY SMART Be part of the good life. Lifestyle.53 words
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Advertisement399 1995-04-15 16 WHERE TO WINE, DINE AND ENTERTAIN Jfostcrs A ■Birrf 1 Idi I|,IT UQj Olde English Eating House I 277 Orchard Rd #02-38 Specialists' Centre S (0923) ill $2= CBD PASS! I ftM When you spend $25/- or more at Fosters for lunch f|H Wr or afternoon tea from Mon-Sat, show399 words
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Page 17 Advertisements
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Advertisement602 1995-04-15 17 r;Jssgjfv No. 1 in the us%:°; 1 OF "UCAtjli Qea start* ai l()Ujll 0(f)on Don'l mias our delicious High Tea Buffet available from 12 uuon tv s|>lU every weekend. I'ricc: $13.80 (adult) $8.80 (child) A La Carte Menu Ik aUo available. All *v* <in' Mibfivl W* n*vkv itaRT. XV/V |'i602 words
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Advertisement312 1995-04-15 17 WHERE TO WINE, DINE AND ENTERTAIN DIALECT HI-TEA v Ml M Whether you're fluent in many languages or just one, you'll have no problems appreciating our new weekend Dialect Hi-Tea selections at Cafe Plaza. Savour an array of dialect delicacies and tempting desserts. If that's not enough, our Dialect Hi-Tea312 words
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Advertisement262 1995-04-15 17 Celebrating Fish Let s drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of every Imaginable fish recipe. Salmon, sole. iQp snapper, sea bass... If it can be caught, it can be cooked And we know all the delicious ways. Continental or262 words
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Page 18 Miscellaneous
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Miscellaneous2483 1995-04-15 18 TODAY'S TV nirrnriin 630 ?f r !"7 L e ,SK n 1 mirum w. '."mi 12.00 &XL7™ 12. ■TLiiii M ]f srt. Pak Tam Duda, 3.45pm, Ch 12 Harts Of The West, 12pm, TV 2 J3O 10 (See Week. Pak Tarn's beloved wife passes New series about a lingerie O2,483 words
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