The Business Times, 11 December 1993
1993-12-11
1
28
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section15 1993-12-11 1 Business Times WE KNOW ASIA MM A (P) 552/12/92 Weekend Edition, December 11-12 1993 75*15 words
-
Article, Illustration459 1993-12-11 1 Paul Leo - By Paul Leo SINGAPORE Regional stock markets surged to new heights yesterday as fund managers poured in money. In Singapore, the Straits Times Industrials Index gained 2.5 per cent or 54.08 points to a new record of 2,220.40. The broader-based459 words
-
Article, Illustration416 1993-12-11 1 AFP HONGKONG Champagne flowed yesterday as Hongkong stock prices soared through the 10,000-point barrier. The Hang Seng index surged 2.38 per cent as investors ignored lingering doubts over ongoing Sino-British political disputes and poured record billions of dollars into local equities. TheAFP - 416 words
-
315 1993-12-11 1 Shiv Taneja - By Shiv Taneja SINGAPORE Bank shares led the market yesterday, with OCBC Bank crossing the $14.00 mark in frenetic trading. It ended the day at $13.80, or $1.80 above its previous close on a volume of 2.24 million shares. In response to315 words
-
544 1993-12-11 1 Reuter, AP. Bloomberg Business News GENEVA Talks on the General Agreement on Tariffs and Trade, pushing perilously close to deadline, ran into a storm over shipping yesterday that could wreck a vital alliance between the United States and theReuter,; AP.; Bloomberg Business News - 544 words
-
Article, Illustration251 1993-12-11 1 Joseph Rajendran - By Joseph Rajendran SINGAPORE Diversified Idris Hydraulic (Malaysia) has agreed to take over a Myanmar Government plywood company. In a sparsely worded press release to the Kuala Lumpur Stock Exchange yesterday, Idris said it would take over a plywood factory called Myanmar TimberSource: Bloomberg - 251 words
-
Article83 1993-12-11 1 TOKYO Japan's economy confounded expectations yesterday when third quarter numbers showed gross national product rose 0.4 per cent over the previous quarter. The surprising figure failed to convince economists a recovery was at hand but raised the prospect that Tokyo may drag its feet over hoped-for83 words
-
2am LATEST
-
79 1993-12-11 1 Reuter MOSCOW Russia may scrap restrictions on foreign banks, imposed by President Boris Yeltsin on Nov 18. Deputy Prime Minister Alexander Shokhin said yesterday. "As far as a possible abolition of Yeltsin's decree within six months is concerned it must be considered byReuter - 79 words
-
62 1993-12-11 1 Knight-Riddcr FRANKFURT The Bundesbank will not sanction any further interest rate cuts in 1993. the Frankfurter All\>emeine Zeitunf* said yesterday. In an article to be published today, the influential daily cited Bundesbank sources as saying that the central bank's council had no intention of cuttingKnight-Riddcr - 62 words
-
75 1993-12-11 1 Reuter WASHINGTON The United States is expcctcd to offer smaller food aid packages to developing countries during fiscal 1994. a US .Agriculture Department official said yesterday. A lot less will be done in 1994 "then we were able to do in 1993".Reuter - 75 words
-
-
MARKET SUMMARY
-
Article153 1993-12-11 1 Reuter NEW YORK Wall Street stocks traded at mildly lower levels yesterday afternoon, with blue chips fluctuating around Thursday's closing levels. At Ipm EST. the Dow Jones industrial average was down about 0.56 point at 3.729.22. Reuter Stock market indices Friday Ckaacr ST11 2.220.40 54.08Reuter - 153 words
-
-
Page 1 Advertisements
-
Advertisement56 1993-12-11 1 Lifestyle Cover Story: el i The new country club deal Am IN a 1 r Hot stocks of 1994 BT asks six fund managers to pick next year's winners from stocks in Singapore. Malaysia and the region Personal Finance Investment, Page EL4 Foreign investors can take up to 30pc stake56 words
-
Advertisement27 1993-12-11 1 Hock Lock Siew: Pg 6 Victims of privileged information Full reports, Pages 12-16 A toast to the market, Page 8 Patten throws down the gauntlet. Page 427 words
-
Advertisement212 1993-12-11 1 Stockwatch: t fPOs els- vjs3 m —H —Pfl Vickers Balla&jight timing; BifeUig into growth with Pan-United Foil report on Page 3 .;V* r_) Of lasting value jHT This watch belongs to the collection of antique watches at Rolex Geneva. The great tradition of the watchmakers of Geneva is preserved in212 words
-
Advertisement6 1993-12-11 1 Restored properties: EL 6,7 Living legacy6 words
-
Advertisement49 1993-12-11 1 &^:))@]|}\(%?(_=|<&?]*%~<<{.^(> CONTINTS Notts S'poretfsa 6.7 S pore News 2 Francal 9.10 Reponj News 3 World News 4.5 Martwte FMtNTM Ctob/iast SES 14-16 Opmens EL2 Rejioml 12.13 Epicure El 10 World 12 TV/Lrtestyte ELI2 Currencies 10 Sports____ ELB Smex/Conwo 11 SvtacriftiM Tel 1800-*****77 Fu *****75 BT Editorial Tel *****18 Fu *****7149 words
-
-
SINGAPORE NEWS
-
356 1993-12-11 2 Abdul Hadhi - By Abdul Hadhi HONGKONG buyers have bought almost 45 of about 130 units sold at Astor Green in Ulu Pandan Road. Sources said the units were bought after two week-long sales exhibitions in the colony. The exhibitions one at the end356 words
-
407 1993-12-11 2 Teh Hooi Ling - By Teh Hooi Ling IT MAKES sense for Singapore to buy electricity from Malaysia because there is an abundance of natural gas, fuel oil and land across the Causeway, says the Public Utilities Board. Also, if Malaysia can generate the electricity more cheaply,407 words
-
Article, Illustration358 1993-12-11 2 A J Leow - By A J Leow THE SUCCESS of the government's plans to transform the Singapore River into a residential and recreational hub would depend largely on expertise and initiative from the private sector, National Development Minister Richard Hu said yesterday. The state'sPhoto by Jiro Ose of Straits Times - 358 words
-
258 1993-12-11 2 OPPOSITION Member of Parliament Chiam See Tong has won a court case over his expulsion by the Central Executive Committee of the Singapore Democratic Party. The High Court ruled yesterday that the committee's decision to expel its former Sec-retary-General was unlawful and invalid.258 words
-
Article186 1993-12-11 2 WITH the official reopening of its Scotts Shopping Centre outlet yesterday, toiletries and cosmetics chain The Body Shop is back in business. Now temporarily run by franchisor The Body Shop International (BSI), a total of eight out of the 12 Body Shop stores will186 words
-
-
Page 2 Advertisements
-
Advertisement153 1993-12-11 2 BUSINESS TIMES/ FEMALE EXECUTIVE I JEJR JC Read the Business Times Anne Klein. Find out more in the "j Jrl Business Times jljp# w w™ from J-JBIIiJ 13 Dec to 18 Dec *93. Jpjj|C Bnv oeHmr BusinessDmes At Sayna, there are enough spicy (and not too spicy) dishes to fire153 words
-
-
Page 2 Miscellaneous
-
Miscellaneous535 1993-12-11 2 I CRYPTIC CROSSWORD 1 I Alternate good and bad fortune on the roller-coaster HV 8 Temporary ruler, a lively per- I I I I I r^H 10 son in London (7,4) I One making an attempt nght I to leave the rank hH—HhH—Hht-U Snorkel pushed past some seaweed (4) I535 words
-
-
THE REGION
-
668 1993-12-11 3 Anthony Rowley - From Anthony Rowley in TOKYO JAPAN'S economy appeared to confound all the pundits by showing fairly robust expansion in the July to September period, as revealed by the official third-quarter gross national product data published yesterday. A contraction had been widely predicted. "Extraordinary" was how668 words
-
271 1993-12-11 3 Bloomberg Business News, Knight-Ridder TOKYO Bank of Japan governor Yasushi Mieno said yesterday the central bank saw the need for "bold" deregulation and greater market transparency to bring about true economic recovery. "I think there's a need for dynamic private economy activity forBloomberg Business News,; Knight-Ridder - 271 words
-
Article, Illustration95 1993-12-11 3 Reuter SYDNEY Billboard advertiser Paul Makucha doing his bit yesterday to try and resolve the rift between Australian Prime Minister Paul Keating and his Malaysian counterpart Mahathir Mohamad. Mr Keating has refused to apologise for calling Dr Mahathir a recalcitrant. Meanwhile, in Langkawi, Malaysia,Reuter - 95 words
-
172 1993-12-11 3 UPI CANBERRA Prime Minister Paul Keating has written a personal letter to US President Bill Clinton seeking a better deal for Australian farmers disadvantaged by recent concessions to Europe and the US in the General Agreement on Tariffs and Trade (Gatt) negotiations. MrUPI - 172 words
-
228 1993-12-11 3 AFP LANGKAWI, Malaysia Indonesia will buy the Swissdesigned MD3 trainer plane to be produced by Malaysia, which in turn will acquire the Indonesian-produced CN-235 patrol aircraft, top officials said here yesterday. Jakarta also agreed to import Malaysia's national Proton Saga carAFP - 228 words
-
277 1993-12-11 3 AFP HANOI Vietnam has chalked up an impressive record of trimming annual inflation from at least 7()0 per cent in the late 1980s to 4 per cent this year, but economists warn that the figure couldAFP - 277 words
-
Article, Illustration428 1993-12-11 3 Reuter. AP, Knight-Ridder BEIJING China is preparing to introduce the most profound economic reforms in its history, Vice-Premier Zhu Rongji said in an interview published yesterday. The reforms including the first steps towards creating an independent central bank and a convertible currency areReuter.; AP,; Knight-Ridder - 428 words
-
334 1993-12-11 3 AP KUALA LUMPUR The proposal to ban foreigners from visiting southern Philippines would cause serious economic problems affecting trade relations with Malaysia and the development of the East Asean Growth Area (EAGA), says a Philippines senator. Mindanao Senator Santanina Rasul madeAP - 334 words
-
295 1993-12-11 3 Bloomberg Business News HONGKONG Working for foreign companies is paying off for Chinese workers in China, a survey by the Wvatt Company has shown. Their salaries increased by 22 per cent this year, up from a 15Bloomberg Business News - 295 words
-
ASIA NOTES
-
96 1993-12-11 3 AP SEOUL Thousands of farmers, dissidents and students staged anti-government protests yesterday, accusing President Kim Young Sam of breaking a campaign pledge td keep foreign rice out. In the southern opposition stronghold of kwangju. 4.000 people marched with a black funeral bier, symbolising theAP - 96 words
-
Article102 1993-12-11 3 Bloomberg Business News HONGKONG The volume of Hongkong exports in the first nine months of 1993 rose 15 per cent from the comparable 1992 period, according to government figures. The overall figure includes a 22 per cent rise in re-exports, and a 4 perBloomberg Business News - 102 words
-
Article81 1993-12-11 3 AFP LANGKAWI Prince Norodom Ranariddh. Cambodia's coPrime Minister, said yesterday that he is willing to hold peace talks with the Khmer Rouge in a last-ditch effort for national reconciliation to avert war. "I am ready, but it is up to Khieu Samphan to fix theAFP - 81 words
-
68 1993-12-11 3 Reuter SEOUL The South Korean government will force nearly 100 more high-ranking officials to resign on suspicion of abusing their positions to amass fortunes, a government official said here yesterday. In all. 94 senior government officials will be asked to hand in their resignationsReuter - 68 words
-
90 1993-12-11 3 AFP NEW DELHI India has offered to export an advanced nuclear research reactor to Thailand under international safeguards, the government told Parliament on Thursday. Bhuvanesh Chaturvedi. a junior minister in the prime minister's office, said the offer was made recently in response to a ThaiAFP - 90 words
-
56 1993-12-11 3 Reuter HONGKONG A Chinese official predicted yesterday thai* more mainland airliners would be hijacked to Taiwan if Taipei continued rejecting Beijing's demand that air pirates be repatriated immediately. Zhang Jiakun. vice-governor of the eastern provC ince of Fujian, spoke amid tension after the latest hijackingReuter - 56 words
-
-
-
Page 3 Advertisements
-
Advertisement19 1993-12-11 3 f^rCJitying designer knitwear need not leave a hole In Your Pocket. KNITW EAR FROM S »9. CHARLES JOURDAN Paris19 words
-
-
THE REGION/WORLD
-
483 1993-12-11 4 S N Vasuki - By S N Vasuki SINGAPORE South Korea's economy is expected to turn the corner in 1994 after two years of anaemic growth. Encouraged by a surge in domestic investment and a continued buoyancy in exports, analysts and bankers in483 words
-
Article, Illustration475 1993-12-11 4 HK governor publishes electoral reform Bill, China attacks move Reuter AFP HONGKONG Hongkong Governor Chris Patten threw down the gauntlet to China by publishing an electoral reform Bill yesterday, part of his plans to bring greater democracy to the colony before the 1997 handover.Reuter; AFP - 475 words
-
255 1993-12-11 4 Reuter, Bloomberg Business News BEIJING Labour Minister Li Boving said yesterday that China faces a big unemployment problem as large state industries slash bloated urban workforces just as more farmers leave the countryside for the cities. Mr Li said new urban unemployment during theReuter,; Bloomberg Business News - 255 words
-
273 1993-12-11 4 AP TOKYO Japan, mindful of its own domestic economic woes, yesterday offered a downbeat assessment of the global economy and warned against relying on government policies to guide industrial development. "The world economy is yet to show signs of strongAP - 273 words
-
341 1993-12-11 4 Bloomberg Business News, Reuter WASHINGTON Consumer prices edged 0.2 per cent higher last month as a modest rise in food and beverage prices was offset by a steep fall in energy costs, the US Labour Department said yesterday. Excluding volatile food andBloomberg Business News,; Reuter - 341 words
-
-
Page 4 Advertisements
-
Advertisement308 1993-12-11 4 Sound, Solid Secure Venture Capital B0 ofßUSt \9*? 4 t0 Qoid Margin iot** Trad,n9 rt a*° a Very High Risk -vYva^L-^" Very High Return Stocks Shares High Risk, High Return WH^ V CPF, T-Bills, Fixed Deposits No Risk, Low Return Yes, we believe a substantial portion of your savings should308 words
-
Advertisement219 1993-12-11 4 f MAPLE QARDEN SEAFOOD RESTAURANT A New Dimension to Chinese Cuisine Assorted Barbecued Meat Platter Double-boiled Fresh Water Fish with Water Cress Sauteed sliced Cuttlefish with Jellyfish in a black pepper sauce Braised Goose Web with Sea Cucumber Fried Rice Yang Chow style Chilled Water Chestnut Cream Assorted Harbccued Cold219 words
-
-
THE WORLD
-
484 1993-12-11 5 Reuter, AFP, AP BRUSSELS A battle broke out at the European Community's summit yesterday over plans to pull the EC out of recession, with Britain strongly criticising proposed loans to finance a massive public works scheme. The continuing economic crisisReuter,; AFP,; AP - 484 words
-
Article, Illustration68 1993-12-11 5 AFP JOHNSON SPACE CENTRE, Texas Astronaut Story Musgrave waving to cameras on Thursday after completing the fifth and Final spacewalk to repair the Hubble Space Telescope. Mr Musgrave was waving to express his thanks to the mission support team at the Johnson Space Centre. The repair team sentAFP - 68 words
-
350 1993-12-11 5 Reuter, AP BRUSSELS Russian President Boris Yeltsin received a boost for his reform programme from the European Community on Thursday, but accused the Europeans of discriminating against his country. Mr Yeltsin, confidently travelling abroad despite Russia's first free parliamentaryReuter,; AP - 350 words
-
WORLD WATCH
-
93 1993-12-11 5 AFP WASHINGTON There was a realistic chance of chemical explosions at a number of United States nuclear weapons sites, a Senate committee said. Several nuclear sites might possess many of the same conditions that existed at the Tomsk-7 weapons waste tank in Siberia, RussiaAFP - 93 words
-
107 1993-12-11 5 AP CALAIS After six years of hard labour and soaring costs, the Channel Tunnel project reached a milestone yesterday with the handover by the builders to the operating company that hopes to start service in March. The ceremonies in England and France symbolically marked theAP - 107 words
-
101 1993-12-11 5 Reuter MADRID Spain's biggest union, the General Workers' Union (UGT), approved a 24-hour general strike to be staged in January in protest at the government's controversial labour market reforms. The top decision-making organ of the UGT voted unanimously on Thursday for the strike, proposed byReuter - 101 words
-
Article64 1993-12-11 5 Reuter LONDON United Kingdom producer price data for November, due for release on Monday, were likely to show output prices edging higher on the month, economists said. However, the annual rate of increase was likely to slow as the effect of a devaluation continuedReuter - 64 words
-
Article73 1993-12-11 5 AP NEW YORK Princeton University scientists have produced the world's largest fusion reaction, raising hopes of harnessing an inexhaustible and cheap source of energy. The New York Times reported. The experimental hydrogen reactor at the Princeton Plasma Physics Laboratory produced a fusion power equivalent to aboutAP - 73 words
-
-
462 1993-12-11 5 AFP AP MOSCOW Russian voters, still shellshocked by their brush with civil war last October, will cast their ballots tomorrow to elect a parliament and decide on a new constitution in a vote President Boris Yeltsin claims will restore stability to theAFP; AP - 462 words
-
299 1993-12-11 5 Bloomberg Business News, AFP LONDON Britain's trade dcficit widened to a provisional £1 billion (552.4 billion) in September after August's "freakish" deficit of £347 million, the Central Statistical Office said. The revised figure is "even more exceptional" than the total originally reported, aBloomberg Business News,; AFP - 299 words
-
163 1993-12-11 5 UPI JOHANNESBURG South Africa's newly installed multiparty council, formed to create a climate for free political activity for the country's first allrace elections in April, has passed its first resolutions to combat political violence. The transitional executive council, TEC. lookedUPI - 163 words
-
Article1420 1993-12-11 5 ctty fhm m nw rre Abu Dhabi GA860 2000 Amsterdam KL837 1540 KL844 0535 KL838 2335 SQ324 2345 Athens SQ347 1730 SQ347 1735 Auckland NZ21 1710 NZ36 0055 BA11 1335 SQ286 2035 NZ22 1825 B Sari Begawan BI421 1105 SQ182 0915 SQ181 1410 B1422 1205 BI4291,420 words
-
-
Page 5 Advertisements
-
Advertisement21 1993-12-11 5 I .cist 7 bi?7i> A Designer Tie Should /)o /s Cut Your Th roat. TIKS I ROM SSS. CHARLES JOURDAN Paris21 words
-
-
COMPANIES & MARKETS
-
Article, Illustration481 1993-12-11 6 Genevieve Cua - By Genevieve Cua SINGAPORE Food group Cerebos Pacific yesterday unveiled record year-end results, with turnover having crossed the $500 million mark and profits exceeding $100 million for the first time. Net earnings grew 23 per cent to $64.3 million on a481 words
-
216 1993-12-11 6 Bernama KUALA LUMPUR Innovest Bhd has proposed to rescind or abort its previously announced proposals in favour of a revised corporate restructuring exercise to turn the group into a viable business concern. An Innovest statement issued yesterday said that under the revised proposals, the group'sBernama - 216 words
-
197 1993-12-11 6 SINGAPORE Electro Magnetics has said it will not be able to meet forecasts on sales and after-tax profit. EML had previously said it expected an after-tax profit of $1.05 million before extra-ordi-nary items on a forecast turnover of $40.54 million. Now the197 words
-
886 1993-12-11 6 Lee Han Shih - HOCK LOCK SIEW By Lee Han Shih SINGAPORE The recent rollercoaster ride of PCI shares has added more fuel and perhaps confusion to the debate on what constitutes "price sensitive information". And it throws open the question886 words
-
336 1993-12-11 6 Nirmal Ghosh - By Nirmal Ghosh SINGAPORE Sri Lanka's third private radio station, run by a joint venture between The Maharaja Organisation Limited (TMOL) and Singapore Telecom, went on the air yesterday. YES KM is an island-wide English channel and the first336 words
-
325 1993-12-11 6 SINGAPORE A Sembawang Maritime Limited (SML) subsidiary, Singapore Offshore Petroleum Services (Sops), will invest more than Sl5 million to expand its Loyang Offshore Supply Base. In an announcement yesterday, SML managing director Billy Lee said: "Sops is building not325 words
-
Article, Illustration378 1993-12-11 6 Source: Bridge Info Performance of STII's Index stocks Dec 10 Ijm Sens* Index Stock sale C hee factor movers (S) (V) S Av.mo 2.010 0040 1.33 109 ("AC 8 400 0 350 5.55 9 50 CWT 2 930 0080 194 217 C'crcbos 7 300 0 100 4 82 2Source: Bridge Info - 378 words
-
COMPANIES
-
381 1993-12-11 7 Bernama KUALA LUMPUR Tenaga Nasional Berhad (TNB) yesterday signed power purchase agreements with Port Dickson Power Sdn Bhd and Powertek Sdn Berhad, the third and fourth it has entered into with independent power producers, but this time addressing a different requirement from previously.Bernama - 381 words
-
COMPANY BRIEFS
-
47 1993-12-11 7 SINGAPORE Recently listed Econ International Ltd has set up a new subsidiary' called Econ China Investments Pte Ltd. The firm, whose paid-up capital is $2, will do general contracting and investment in China. The firm has not started business yet.47 words
-
Article70 1993-12-11 7 SINGAPORE Goodman Fielder Asia Holdings has announced that it will sell 50 per cent of its stake, valued at 51.68 million, in Jasra Harrisons Sdn Bhd to Primrose Investment Sdn. Primrose is a Brunei investment holding company. Jasra Harrisons is in the business70 words
-
87 1993-12-11 7 Bernama KUALA LUMPUR Kuala Lumpur Industries Holdings Berhad recorded a 56 per cent decline in group pre-tax profit to M 54.08 million (552.6 million) for the six months ended Sep 30, compared with M 59.32 million in the same period last year. Group turnoverBernama - 87 words
-
Article62 1993-12-11 7 Bernama KUALA LUMPUR Lion Land Bhd expects to achieve a profit of MS 100 million (SS62 million) for the year ended June 30. 1995, managing director Lee Chee Kuon said yesterday. He told reporters after the company's annual general meeting that he based his optimismBernama - 62 words
-
Article64 1993-12-11 7 IN the report, "Small-timers in Hillview/Upper Bukit Timah land bank race", published in BT on Thursday, we said that SB Development was the seller of a site at Jalan Rajawali and another at Jalan Selanting. This is wrong. The owner of the Jalan Rajawali site is Elite64 words
-
-
181 1993-12-11 7 Bernama KUALA LUMPUR MBf Holdings Bhd has reported a pre-tax profit of M 555.78 million (5534.92 million) for the nine-month period ended Sep 30, compared with M 574.74 million for the 12 months ended Dcc 31, 1992. MBf said inBernama - 181 words
-
COMPANY BRIEFS
-
66 1993-12-11 8 Reuter HONGKONG Sino Land Co Ltd said it may spin ofT its hospitality interests into a separately listed subsidiary holding company. Sino Land said discussions with professional advisers are at an early stage and may or may not result in a reorganisation. ShareReuter - 66 words
-
95 1993-12-11 8 Reuter HONGKONG Far East Hotels and Entertainment Ltd said it has formed a joint venture with a unit of Cheung Kong (Holdings) Ltd to develop the Lai Chi Kok Amusement Park Co Ltd site into residential and commercial units. The move followed marketReuter - 95 words
-
68 1993-12-11 8 Reuter JAKARTA Mercedes-Benz AG, the automotive division of Daimler-Benz AG, plans to start making new light trucks in Indonesia next year for sale locally and export into Asia, Joachim Manheiner, marketing director of PT German Motor Manufacturing, said. He said the newly-designed truck, aReuter - 68 words
-
-
Article520 1993-12-11 8 Itaucrt' jricn (S) Dec 11 13 Umbood+ 1055 108 n-it T 1 United Gr Fund! 1.61 1.67 Singapore unit Trust united au Fund i ss i The Commerce 1.73 1.82 NTUC InCOme The Savings Fund 1.64 1.72 ?'ZZ a to i« S'pore Prog Fund 0.73 0.77 Income Bond Policy 4.20520 words
-
329 1993-12-11 8 Bloomberg Business News TAIPEI The Government of Singapore Investment Corp has applied to bring in US$5O million (5579.5 million) of new funds to the Taiwan stock market, the Securities and Exchange Commission said. If approved, the investment arm of the SingaporeBloomberg Business News - 329 words
-
99 1993-12-11 8 Reuter HONGKONG Shangri-La Asia Capital Ltd, a unit of Shangri-La Asia Ltd, said it will issue US$225 million (Ss3sB million) in seven-year 2.875 per cent guaranteed discount convertible bonds at U*****.36 per US$l,OOO principal amount for an issue discount of 13.764 per cent. UnderwritersReuter - 99 words
-
245 1993-12-11 8 Bloomberg Business News HONGKONG An initial public offer of shares by Dao Heng Bank Group Ltd, part of the Guoco Group, was 278.7 times subscribed, the group said in a statement. The group was issuing 35.53 million shares for HK521.70 per share andBloomberg Business News - 245 words
-
Article, Illustration486 1993-12-11 8 MARKET *AZ AT/- U Bloomberg Business News HONGKONG Stock prices shattered the psychologically important 10.000 mark yesterday morning, fuelled by high hopes on the territory's future after 1997 when it reverts to Chinese rule, brokers said. "After the past two or three days,Bloomberg Business News; Reuter - 486 words
-
SHIPS IN PORT
-
Article480 1993-12-11 8 Vrud toy Wo Berth fcmri Dqxrture Vessel Voy Wo Berth Unwel Departure Jwwi Port Dotplwi 58 P03 11.12/0900 11 12/1500 Baton Map 112 xxw* 11.12/2300 Elm SC264C 100IC* P01A 1012/1530 10.12/1900 Uradtwi 9313 J2 aiongs** 1112/0100 Etona SC264C llttC* P01A 11.12/0800 11 12/1300 M lestan 022 J12480 words
-
Article1581 1993-12-11 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Wp fay Ho Corrtaentn avafabte Ship Voy No Containers ivabbte Anda *****N *****3 1605 Chaya Bhum 29S COO(tST) *****3 2300 Normand* Br 28E 0912.93 1630 B Metiti 068 COO(EST) 10.12.93 2300 Marenllte 94021,581 words
-
-
-
FINANCE & COMMODITIES
-
379 1993-12-11 9 Harish Mehta - Move will improve local banks' capital base By Harish Mehta SINGAPORE Vietnam has given the green light to local commercial banks and joint stock finance firms to sell up to 30 per cent of their shares to foreigners. Business Times understands379 words
-
449 1993-12-11 9 Bloomberg Business News WASHINGTON Banks make billions of dollars in profits from the fees they charge customers for bounced cheques, a consumer group said on Thursday. The commercial banking industry collected U554.35 billion (Ss7.o billion) in bounced cheque fees last year, whileBloomberg Business News - 449 words
-
SMALL CHANGE
-
68 1993-12-11 9 Bloomberg Business News WASHINGTON Assets of money market mutual funds available to individual investors rose by U553.72 billion (555.94 billion) in the week ended Wednesday, the Investment Company Institute said. The 654 funds had total assets of U*****.53 billion. For the 274 institutionalBloomberg Business News - 68 words
-
46 1993-12-11 9 Reuter LOS ANGELES First Interstate Bancorp said it signed a definitive agreement to acquire BancWest Bancorp for US$35.B million (5557.2 million) in cash. The price for the 486,140 outstanding shares of BancWest is 1.5 times book value, First Interstate said. ReuterReuter - 46 words
-
60 1993-12-11 9 Reuter TORONTO Royal Bank of Canada said it faces a potential loss of C 57.6 million (Ss9.l million) from an alleged fraud by an employee at one of its suburban Toronto branches. A 39-year-old Toronto woman appeared in court on Thursday charged with'Reuter - 60 words
-
Article72 1993-12-11 9 Bloomberg Business News SANFORD, Florida Prominent financial adviser Charles Givens Jr was sued yesterday by Florida on allegations that he has misrepresented the benefits of his programme, inflated his own success and failed to provide refunds due. Givens is author of a best-selling personal financeBloomberg Business News - 72 words
-
-
290 1993-12-11 9 Bloomberg Business News WASHINGTON Citibank plans to drop annual fees on seven million credit card accounts in an aggressive bid to capture a larger share of the US$2OO billion (Ss3lB billion) industry. In addition. Citibank will lower the minimum paymentsBloomberg Business News - 290 words
-
Article, Illustration313 1993-12-11 9 Reuter HONGKONG United States rating agency Moody's yesterday downgraded the long-term debt of the govern-ment-owned Mass Transit Railway Corp due to concern over the political risk of handing the colony back to China in 1997. But the MTRC hit back, saying Moody'sReuter - 313 words
-
161 1993-12-11 9 AFP, Reuter JAKARTA National flag carrier Garuda Indonesia obtained a USS7S million (SSII9 million) loan from a Singapore bank and will borrow another US$5O million from a Hongkong branch bank, a company director said yesterday. Garuda's finance director Yazid Adam said theAFP,; Reuter - 161 words
-
331 1993-12-11 10 Reuter BOMBAY India has launched the latest phase of its financial sector reforms with the first stock market flotation of one of its state-owned financial institutions, bankers said yesterday. The Industrial Finance Corporation of India (IFCI) launched a 5.25 billionReuter - 331 words
-
421 1993-12-11 10 Reuter TOKYO The Japanese banking system will remain unstable amid volatility in local stArk markets unless the Finance Ministry (MOF) takes long-term steps to slash banks' excessive stock investments, said London-based international rating agency IBCA Ltd on Thursday. Stock price falls mayReuter - 421 words
-
Article, Illustration435 1993-12-11 10 DBS Weekly Currency Review US$/DM: Corrections before more gains? THE greenback corrected after recent gains to reach a low of 1.6985 on Tuesday before recovering to 1.7112 on Wednesday. It then eased to 1.7020 on Friday. Although the technical outlook still favours the upside, potential435 words
-
206 1993-12-11 10 Reuters LONDON Lloyd's of London chairman David Rowland said the insurance market was planning for 1994 capacity of at least £9.5 billion (5522.7 billion) for budgeting purposes, compared with around £8.8 billion this year. Mr Rowland said he expected the actualReuters - 206 words
-
263 1993-12-11 10 Reuter WASHINGTON A US central bank official warned yesterday that American banking laws could suffer if the rulers of Abu Dhabi are granted immunity from prosecution in a civil lawsuit against BCCI. the now-defunct banking institution shut down amid allegations ofReuter - 263 words
-
96 1993-12-11 10 DALLAS Halliburton Co said it had signed an agreement with the Shengli Oilfield operations of the China National Petroleum Corp to form a sister company relationship. Shengli is the second largest field in China, producing 570,000 of the nation's 2.8 million96 words
-
227 1993-12-11 10 Bloomberg Business News LOS ANGELES Occidental Petroleum Corp said its fifth major discovery well in Malaysia boosted estimates of total gas reserves in the field by 20 per cent. The oil company said its Cili Padi-1 well, the fifth drilled on a reefBloomberg Business News - 227 words
-
Article, Illustration140 1993-12-11 10 AN initial flurry of activity in the US$/yen on rumours of further rate cuts in Tokyo fizzled out and the market settled back into listless trading yesterday. The regional currency markets saw an extremely quiet day and market players were mostly sidelined except for commercial140 words
-
Article174 1993-12-11 10 LONDON The dollar remained out of favour in Europe vesterday as speculation of a rise in US short-term interest rates faded following soft US inflation data. By 1600 GMT the US currency was quoted at 1.6972/82 marks after hitting a session low of 1.6932 following a downside break through174 words
-
160 1993-12-11 10 ENERGY REPORT Reuter LONDON Brent crude futures held onto morning gains but looked exposed to further selling pressure, traders said. January IPE Brent traded at USsl3.76* at 1146 GMT, 11 cents up following trader shortcovering and a stronger North Sea physical market. Concerns thatReuter - 160 words
-
Article, Illustration1655 1993-12-11 10 Trade-weighted index calculated against Spore's lop 14 trading partners Base year I9B< US$/S$ forward rates Noon Dec 10 ss Bid Offer 1-month 1 5969 1.5984 2-month ***** 1.5978 J-month 1 5959 1.5974 6-momh 1 5950 1 5970 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at ltea nDkIO; Singapore1,655 words
-
Article90 1993-12-11 10 NEW YORK The dollar was under pressure from other major currencies yesterday in New York in slack trading after the release of the consumer price index. At about 9:30 am (1430 GMT), the dollar traded at 1.6970 German marks, down from 1.6990 marks earlier in London and 1.704090 words
-
-
COMMODITIES & FUTURES
-
Article1421 1993-12-11 11 SIMEX REPORT Reuter SINGAPORE Euroyen futures were marginally firmer as dealers continue to buy up the contract on any dip on continued hopes for a rate cut. September ended at 98.25 against 98.23 previously on a total of some 23,390 lots traded. Dealers said the releaseReuter - 1,421 words
-
603 1993-12-11 11 COMMODITY REPORTS Tin Tin closed eight cents lower at MSI 1.80 per kg. mainly due to an initial high offers by miners and falls in London market. Traders said there was an opening offer of 100 tonnes against bid of 26. Final turnover603 words
-
KNIGHT-RIDDER COMMODITY SUMMARY
-
63 1993-12-11 11 TOKYO Aluminium alloy prices in Japan have risen 2.6 per cent this month due to falling stockpiles, but are failing to keep pace with price gains at the London Metal Exchange. LME prices for aluminum alloy have risen US$4O (5563.60) a tonne this month to63 words
-
69 1993-12-11 11 NEW DELHI The Indian government has raised minimum sugar cane prices in a hid to entice farmers to cultivate land for cane. Food Minister Kalp Nath Rai told Parliament yesterday. Minimum prices have been raised to 340.50 rupees (S$ 16.35) a tonne in the69 words
-
Article47 1993-12-11 11 KUALA LUMPUR Malaysia's cotton imports were 1,779 tonnes in August, down from 8.601 tonnes in July and down from 4.205 in August 1992. the Statistics Department said yesterday. In the January-August period, imports totalled 31.615 tonnes, eompared with 34.896 during the previousyear period.47 words
-
58 1993-12-11 11 CHICAGO ContiQuincy Export Co and Bunge Corp on Thursday announced an export marketing programme for American soymeal intended to improve export logistics. ContiQuincy will coordinate its midstream loading export operations in the lower Mississippi River near New Orleans with Bunge's facility at Destrehan. Louisiana. The58 words
-
68 1993-12-11 11 TOKYO The annual Japan-Canada wheat import agreement was set at 1.2 million tonnes for calendar 1994. unchanged from the 1993 agreement. the Japan Food Agency said yesterday. An agency official said the quantity was not revised because it did not foresee substantial changes in demand in68 words
-
-
-
Article1666 1993-12-11 11 Rubber MS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 94 131.25 130.25 130.50 525 550 Feb 132.75 132.75 132.00 50 4.275 Mar 134.25 133.25 133 50 450 7.025 Apr/Jun 135.75 135.75 135 501,666 words
-
REGIONAL STOCK MARKETS
-
Article1220 1993-12-11 12 •10.8 The Australian share market rifted lower yesterday as a lack of foreign direction triggered modest profit-taking in quiet trade boosted only bv turnover in MIM. The All Ordinaries Index ended 10.8 points down at 2.084.9, just above its low of 2.084.4. News Corp shed four cents AS 10.24.1,220 words
-
Article613 1993-12-11 12 10 Share prices closed at new all-time highs as the local market reflected advances made in other Asian markets and investors positioned for the expected bullrun next year, brokers said. The Manila composite index rose about 10 points at the close while Makati jumped about 20 points. Blue chip613 words
-
Article580 1993-12-11 12 -36.23 Taiwan share prices ended lower across the board on profittaking after sharp gains and brokers said the market would start a substantial correction. The index fell 36.23 points to end at 4.644.03. Turnover slid to NT543.2 billion from Thursday's NT558.76 billion. Sentiment was cautious also on newspaper reports580 words
-
Article486 1993-12-11 12 17.77 Blue-chip euphoria backed by liquid institutions prodded the stock market into a fresh gallop, pushing the index to hit a new year high, brokers said. But lowpriced shares lost momentum. The composite stock index added 2.11 per cent, or 17.77 points, to 861.72 from the previous year high486 words
-
Article302 1993-12-11 12 -4.56 Shares ended a lacklustre session slightly easier on moderate volume. The barometer NZSE--40 capital index closed 4.56 down at 2,103.97 on volume of NZS44 million. The expected completion of the Gatt global trade talks next week has the potential to give the market a boost, brokers said.302 words
-
Article89 1993-12-11 12 78.94 Stock prices closed up despite higher than expected carry forward costs being fixed by the Bombay Stock Exchange (BSE) yesterday, brokers said. The BSE 30-share index closed at a provisional 3,407.52, up 78.94 points from the previous close, but below the day's best of 3,444.32 points. The 100-share89 words
-
-
WORLD STOCK MARKETS
-
Article801 1993-12-11 12 Britannia Funds Sterling Cash Bid Offer Mim Cap Orpout 38 6400 38 6500 Mim Jeney Gilt 0 1893 0 1992 MM Man MM ****** *1 1000 I SS Cash Income Plin Fund *****0 II 1900 PS Revrvc Fund S 2200 5 2300 Stertiag Equity Euro Performance 0 4592 0 4938801 words
-
Article594 1993-12-11 12 -10.3 LONDON Share prices ended with the FTSE 100 index slightly lower after a lacklustre session at the end of the two-week trading account. The FTSE 100 ended down 10.3 at 3,261.3 after moving above early lows as the cash market tracked FTSE futures. Strategists said the market undertone594 words
-
Article126 1993-12-11 12 -13.27 French shares yielded under the weight of pre-weekend profit-taking, ending the week just under the 2.200 level on the CAC-40 index, dealers said. The CAC-40 index ended down 13.27, or 0.60 per cent, at 2,198.13 Over the week, the index gained 0.44 per cent. Volume was 3.75 billion126 words
-
Article119 1993-12-11 12 -0.75 pc Swedish shares ended the week lower as an early decline in index-heavy Ericsson was followed by Americans sellers entering and pushing down the whole market. The OMX-index fell 0.85 percent to 1051.13, while the blue-chip top-16 index was down 0.95 percent at 1413.08. The All Share index119 words
-
Article140 1993-12-11 12 -0.47 pc Shares ended slightly easier as the market paused to take stock of recent gains and heavy volumes, traders said. The Mibtel index was down 0.47 per cent to 10,238 vs high 10.288. Among blue chips seeing heavy volumes, telecommunications group Sip was down 37 lire to 3,351,140 words
-
Article199 1993-12-11 12 -0.67 pc German share priccs closed slightly lower in lacklustre, low-volume trading, with downwards potential limited by firmer futures priccs, traders said. The DAX Index closed 0.67 per cent lower at 2.161.13, down from record bourse close of 2.175.80. The December DAX futures contract was up 8.0 points at199 words
-
Article138 1993-12-11 12 -3.33 Belgian shares closed quietly lower on some profit-tak-ing in what traders expected was the start of a consoiida- tion period after the market's recent gains. But traders said the undertone remained bullish, raising expectations of further gains in the medium term. Some profit-taking after recent gains pushed Belgian138 words
-
Article256 1993-12-11 12 -0.14 The Dutch stocks ended mixed to a touch lower as professional investors moved to lock in gains during the afternoon. That was to close their positions ahead of the weekend, traders said. The EOE index of 24 leading Dutch stocks ended 0.14 point lower at 395.07. Decliners out256 words
-
Article243 1993-12-11 12 +2.4 Swiss shares ended a quiet day little changed as priccs fluctuated in a narrow range ahead of the weekend. The weak dollar, which hovered around just above 1.45 Swiss francs, dampened sentiment. The Swiss National Bank's annual monetary statement failed to enliven trade. The broad SPI index was243 words
-
Article318 1993-12-11 12 -14 Limited profit-taking by local sellers cooled off overheated shares after this week's buying frenzy on the Johannesburg Stock Exchange. but foreign buying in late trade pared earlier losses. The gold index ended 14 points lower at 2.050 while the industrial index shed 15 points to 5.057. The overall318 words
-
Article239 1993-12-11 12 -4.73 Stocks weakened across most sectors in sluggish early trading as investors extended Thursday's profit-taking, dealers said. The TSE 300 index dropped 4.73 points to 4285.90 in trade of 11.07 million shares valued at CS 123.00 million. Declining issues led advances 192 to 148 with 257 stocks unchanged. On239 words
-
Article833 1993-12-11 12 +0.55 The Dow Jones industrial average, which retreated 4.75 points on Thursday, was ahead 0.55 point to 3730.33 at 11 am EST. The key barometer was ahead 5 points shortly after the market opened. The New York Stock Exchange composite index was off 0.12 to 256.88, while Standard833 words
-
-
Article, Illustration3196 1993-12-11 13 Reuter HONGKONG Stocks closed stronger after a day of hectic trading as heavy institutional demand sent the Hang Seng Index to a record finish of 10,228.11, up 237.85 points or 2.38 per cent, brokers said. Trade was dominated by foreign funds which have sent the main index to closeReuter; Source: Bridge Info - 3,196 words
-
Article, Illustration471 1993-12-11 13 The B share market remained quiet, with the CLSA All China B Index up marginally by 0.47 per cent. It closed at 1314.11 up 6.19 points. Pilkington Glass stole the limelight, surging 87.5 per cent to close at US$l.35 from its IPO price. In Shenzhen the CLSA B index471 words
-
Article, Illustration2486 1993-12-11 13 Reuter TOKYO Stocks closed firmer but off highs on a late flurry of dealer position squaring. A worsening of business sentiment shown by the Bank of Japan's (BOJ) quarterly corporate survey lifted hopes of a rate cut. propping up the downside despite bearish fundamentals, brokers said. The key NikkeiReuter; Source: Bridge Info - 2,486 words
-
Article, Illustration1126 1993-12-11 13 Reuter JAKARTA Share prices closed higher in moderate trading. brokers said. The official index rose 3.14 points to 528.46. "The regular market seemed to be rather active lately. It was quite a healthy volume, with foreigners selectively buying in first but more in second liners while local investors speculatedReuter; Source: Bridge Info - 1,126 words
-
Article, Illustration2871 1993-12-11 14 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume KM B Mil MMlMMt KJTTJH ■■mmMMc IIJMU— Promct m,«MOO McMaftta Mr MDMM kjmunting >0c 571.000 Mclropkx 1SK 7.164 000 W1DBMK fc.72lj000 uncial Corp 6.675.000 Mcmm orp IMM \mjl Mri MR. t> V.-IMI0 Lkh Hoc rSK47 6. VVVOOO IVgi MsiaSource: Bridge Info - 2,871 words
-
KUALA LUMPUR STOCK EXCHANGE
-
Article, Illustration5758 1993-12-11 14 Bernama KUALA LUMPUR Share prices here recovered from earlier losses to close higher yesterday on bargain-hunting activity, fuelled in part by firm regional bourses. The Emas Index of all main board shares ended 3.04 points higher at 319.50. while the 85-share Composite Index roseBernama; Source: Bridge Info - 5,758 words
-
-
STOCK EXCHANGE OF SINGAPORE
-
Article7423 1993-12-11 15 I IWKKWM Transaction (fair. Dec 10 Gr Gr 1993 Last Vol Day Last Qoote Di' Di» YM Not M Im High Low Coapaay Sal* C000) High Lo. Boyer Seller Or P/E taiil industrial and commercial 1400 260 t Acma 1340 +40 526 1400 1300 1330 1340 12.5 2.1 0 97,423 words
-
Article, Illustration1789 1993-12-11 16 Paul Leo - By Paul Leo SINGAPORE The bull run gained steam yesterday, pushing the local stock market to record levels. Right from the start of trading. the benchmark Straits Times Industrials Index just kept heading north. By the end of the day. it had surgedSource: Bridge Info - 1,789 words
-
Article, Illustration151 1993-12-11 16 Paul Leo - HOT STOCK By Paul Leo YESTERDAY'S trading in United Overseas Land 1997 Warrants was very significant. First, the price broke above the previous high of 65 cents achieved on Nov I to end at 73 cents. Second, yesterday's low was one cent above the previous day's high151 words
-
-
-
Page 6 Advertisements
-
Advertisement284 1993-12-11 6 You wake up cold and hungry. Now you begin another busy day with your favourite coffee and toast significant economic and financial you or your company. Or opportunities. That's why you have Business Times *vnr delivered to your home, every business day. You are more knowledgeable impressively informed on marketing,284 words
-
-
Page 7 Advertisements
-
Advertisement26 1993-12-11 7 Table of unit trusts is on Pg 8 0l^t'signer Trousers b.i'cn Look Good O/Z Your Bank Balance. I ROI SI-KS 1 ROM sw. CHARLES JOURDAN Paris26 words
-
Advertisement1486 1993-12-11 7 MALAYSIA TAIWAN THaii a nA 'LAHo S LIMITED Incorporated in Singapore GROUP CONTINUES STRONG PROFIT GROWTH Pre-Tax Profits of S$lO6M A New Record EPS 23% Ahead of Last Year Directors Recommend Increased Dividend Plus Bonus Dividend RESULTS FOR THE FINANCIAL YEAR ENDED 30TH SEPTEMBER 1993 The Directors are pleased to1,486 words
-
-
Page 9 Advertisements
-
Advertisement269 1993-12-11 9 i #W, W s 4 Some look at the global Our customers see marketplace and see complexity opportunity. CHASE understands the nearly 50 countries—product special- But more importantly, it has helped complexities your company ists 9 professionals with an in-depth us bring our customers the ultimate faces as you raise,269 words
-
-
Page 11 Advertisements
-
Advertisement372 1993-12-11 11 BUSINESS TIMES TOLL-FREE TEI-. No 1-800-741-1883 FAX 741-1296 M THE MATTER OF THE COWPAMES ACT, CAP. 50 HO U U (S) PTE LTD. (ki Voluntary Liquidation) At an Extraordinary General Meeting of the member* of HO U U (S) PTE. LTD. duly convened and KM at 63 Sum Avenue, Singapore372 words
-
Advertisement31 1993-12-11 11 As and when the latest Rotterdam priees are not available, the previous trading dav's closing figures are carried instead co// 737-1166 to place a quick- CJ i rs acting ad. 737-116631 words
-
-
Page 12 Advertisements
-
Advertisement7 1993-12-11 12 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
-
-
Page 13 Advertisements
-
Advertisement80 1993-12-11 13 EstaWished s.nce 1919 AW7WUE ESTATE WATCHES Shcmgri La hotel St^^ GJ monds Tel: 732 5689 SmaM and 2 carat A above Manufacturing jewellers since 1919 ROLEX J§/ 1 s Three long yeans /fe) !u) "k Mow -for other n-l essential papers. Any Job. Any Career. Available Any Day. Any Time.80 words
-
Advertisement6 1993-12-11 13 The Bangkok market was closed yesterday6 words
-
-
Page 14 Advertisements
-
Advertisement17 1993-12-11 14 CjJ lies fjcucl for everything, /he least you can do is lei him go the whole way.17 words
-
-
Page 15 Advertisements
-
Advertisement50 1993-12-11 15 Established s.nce 1819 ANTKXJE ESTATE^ Shangri-La hotel Stockist of G.I A. Certified Diamonds Tell 732 5689 (Laser Numbered) Smal mid 2 carat A above Manufacturing jewellers since 1919 ROLEX Call 24 hours a day for shares to buy, coming issues results of your share application. Cost 50 cents per minute50 words
-
-
Page 16 Advertisements
-
Advertisement80 1993-12-11 16 tJlhofe Batj 0, Ifoj or not to Ifyg and I River View Hotel I Talks I I strategically located outside the CBD I I with close proximity to Orchard Road and Shenton Way. For enquiries, please call us toll-free on 1800-235 9770 A (S i-fe <)& < 382 Have lock80 words
-
Advertisement109 1993-12-11 16 MAXD^YOimGA^ goes on a house hunt How much are private properties going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in Singapore each month. SPOTLIGHTS: IK CORP. INNOPACIFIC HOLDINGS From that, you'll i mmmn I have a Clear109 words
-
-
Executive Lifestyle
-
Article, Illustration1607 1993-12-11 17 Susan Tsang - You no longer have to be very rich to belong to a country club. Susan Tsang looks at what's being offered to the masses Susan Tsang OVER the years, the average Singaporean's pipe dream hasn't seen much change. A nice car, a piece of private1,607 words
-
STRAWS IN THE WIND
-
Article81 1993-12-11 17 A YOUNG management trainee called up a reporter friend, concerned that he had spoken too freely to another reporter. The reporter explained that whatever he told the reporter was quotable, since the conversation was not "off-the-record". The trainee thought for a moment and said: "You mean it's81 words
-
Article46 1993-12-11 17 A COLLEAGUE told us how she had three hamsters, one of which was bitten on the paw by her terrier. As it turned out, the hamster survived, but not its two playmates, which died from the shock of witnessing such a savage attack.46 words
-
Article72 1993-12-11 17 CHINESE entrepreneurs or at least the organisers of the Second World Chinese Entrepreneurs Convention in Hongkong recently really mean what they say about frugality. During the three-day convention. journalists were barred from the lunches, with the excuse that they were "not open to press coverage". And to top72 words
-
-
OPINIONS
-
Article, Illustration735 1993-12-11 18 Neville Stack - Neville Stack says that in bad times, an enlightened government should be devoting as much time to the morale of its society as to its money Neville Stack The writer is a political commentator based in luyndon. He writes regularly for735 words
-
796 1993-12-11 18 A M Rosenthal - A M Rosenthal wants strong measures to combat rising urban crime in America A M Rosenthal The writer is a columnist with the Sen York Times THE CITIES of America will not get much safer until the people who live in them796 words
-
Article, Illustration801 1993-12-11 18 Tom Petruno - As General Motors' share price approaches its all-time high after 28 years Tom Petruno sees warnings for investors Tom Petruno CONGRATULATIONS, of sorts, are in order for longtime General Motors shareholders: after 28 years, they're about to break even. GM stock finished at801 words
-
609 1993-12-11 18 P J George - LETTER TO THE EDITOR P J George Singapore 1544 I AM of the opinion that the procedures implemented by the Central Depository (Pte) Ltd (CDP) for the scripless trading of shares are unduly onerous insofar as shareholders are concerned. For example, for609 words
-
-
PROFILE
-
Article, Illustration4075 1993-12-11 19 Russell Miller - Martin Scorsese may be one of the most admired film-makers in the world, but he has had to fight hard to get almost every one of his movies made. No wonder the director of The Age Of Innocence is always so angry, reports RussellThe Sunday Times, London - 4,075 words
-
-
PERSONAL FINANCE & INVESTMENT
-
BULLS EYE
-
Article, Illustration587 1993-12-11 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities. Baring Securities. Crosby Securities. Daiwa Securities. Kay Hian James Capel, Kim Eng Securities. OCBC Securities. Ong Company, Peregrine Securities, Phillip Securities. Smith New Court, and WI Carr. Buy! Daiwa587 words
-
Article, Illustration225 1993-12-11 20 Robert C S Tay - Robert C S Tay Vice-president Morgan Grenfell Asia Securities HE Straits Times I Industrials Index usually advances from mid-December to midFebruary. In the past 12 years, this Capricorn or January effect has taken place nine times. By this token, by buying into selected fundamentally sound STII stocks,225 words
-
-
Article, Illustration2596 1993-12-11 20 Agnes Chen - Six fund managers tell Agnes Chen the stocks they must have for the coming year Agnes Chen Dennis See DENNIS SEE of Indosuez Asset Management (Singapore) manages the Gartmore Indosuez Fund (Asean) and the Indosuez Singapore and Malaysia (SAM) Trust. The Asean fund gained 88.5 per2,596 words
-
Article850 1993-12-11 20 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Ranking as al December i 1993 Ranking as at December 6, 1993 S S S S Singapore Straits Times Credit850 words
-
Article, Illustration915 1993-12-11 21 Joyce Quek - Two initial public offerings vying for investors funds By Joyce Quek VICKERS BALLAS Holdings is good for the stock broking industry, say analysts. They are recommending that clients bid between $2.80 and $3.41 per share for the 42.52 million shares on tender.915 words
-
Article, Illustration804 1993-12-11 21 Agnes Chen - Agnes Chen finds out the strategies of two fund managers Agnes Chen A MARKET guru blew hot then cold in Hongkong, Japan sneezed, and brokers got cold feet in Singapore and Malaysia. As a result, November was marked by volatility in804 words
-
Article, Illustration1149 1993-12-11 21 Juliette Walker - By Juliette Walker PAN-UNITED Corporation's strategies to expand, diversify and regionalise add up to one thing: growth. And investors will have a chance to catch this wave when the family-owned company offers 138 million shares in an initial public offering priced at 72 cents a1,149 words
-
-
Article, Illustration705 1993-12-11 22 SHAHIRON SAHARI - By SHAHIRON SAHARI Cinema Review DO NOT expect the definitive version of The Three Musketeers in this Walt Disney adaptation of Alexandre Dumas' 1844 novel. Why this movie was even made, especially since it comes nowhere close to the enjoyable 1973 Richard Lester effort, is anyone's guess.705 words
-
Article, Illustration768 1993-12-11 22 R SIVANITHY - By R SIVANITHY CD Review VARIOUS ARTISTES: Stone Free, A Tribute To Jimi Hendrix No single musician has ever had as much influence on rock, rhythm and blues, heavy metal and jazz as James Marshall Hendrix, whose untimely death at the age of 27 remains one of music's768 words
-
Article, Illustration795 1993-12-11 22 Jaime Ee - Conservation can work wonders. Jaime Ee witnesses the stunning results in a book on select properties that have been restored to their original splendour Jaime Ee living legacy By Robert Powell Singapore Heritage Society 216 pages $70. PUT AN old colonial black and white bungalow in frontPhotos taken from the book - 795 words
-
Article, Illustration750 1993-12-11 22 CHUANG PECK MING - By CHUANG PECK MING Book Review I he Myth Of Free Trade B> Ravi Batra Charles Seribner's Sons 274 pages $51.75 RAVI BATRA has thrived on good timing combined with a dark touch of controversy and scholarly pretensions. His first book. The Great Depression of750 words
-
Article, Illustration667 1993-12-11 23 SAMUEL EE - By SAMUEL EE Motoring YOU've seen the classic car ad, the type splashed all over one or two pages, in full colour, and usually of a top-of-the-line model. But there is a large limousine in Singapore that doesn't need advertising. But not because it's overwhelmingly popular. On667 words
-
SPORTS
-
Article, Illustration607 1993-12-11 24 Shahiron Sahari - Singapore vs Malaysia Annual Match Golf By Shahiron Sahari SINGAPORE Mohammed Said Abdul EatifT, whose scores didn't count when Singapore won the Putra Cup last month, more than made amends when he scored the winning putt for Singapore to thrillingly beat Malaysia B'/2-7'/2 in theirPhoto by Chris Loh - 607 words
-
311 1993-12-11 24 AFP MUNICH Defending champion Michael Stich. who led Germany to its Davis Cup triumph at the weekend, continued his winning run at the International Tennis Federation's USS6 million (559.5 million) Grand Slam Cup here on Thursday when he defeated plucky New Zealander BrettAFP - 311 words
-
SPORT SHORTS
-
Article, Illustration37 1993-12-11 24 Reuter NEW NBA lhursda>: Atlanta 105 San Antonio 95; Charlotte 95 Geveland 93; Indiana 111 Orlando 105; Dallas 93 Seattle 125; Houston 115 Miami 109 (OT); Phoenix 114 Washington 95; Golden State 81 NY 95. ReuterReuter - 37 words
-
Article, Illustration64 1993-12-11 24 AFP LONDON England's new chairman of selectors will be named next March, the Test and County Cricket Board announced here on Thursday. The board set up a fivestrong working party on Thursday to encourage nominations as successor to Ted Dexter, who resigned in August after England's eighth Test defeatAFP - 64 words
-
Article, Illustration123 1993-12-11 24 AFP AFP AFP LONDON Jeff Maggert will re- place fellow American Paul Azinger in next week's world golf championship in Jamaica following the US PGA champion's announcement that he has cancer. Maggert. the 29-year-old Walt Disney Classic winner, finished 11th in this year's US Money List. AUCKLAND New ZealandAFP - 123 words
-
Article, Illustration30 1993-12-11 24 Reuter NEW YORK NHL Thursday: Boston 2 Vancouver 3 (OT); Detroit 3 St Louis 2; New Jersey 2 Quebcc 3; Philadelphia 2 Washington 4; Dallas 6 Ottawa I.Reuter - 30 words
-
Article, Illustration86 1993-12-11 24 UPI PARIS Former triple Formula One champion Ayrton Senna was given a two-race suspended ban Thursday by the International Automobile Federation (FIA) after he admitted punching a fellow race driver. Senna told the sports governing body he had struck Eddie Irvine after the Japanese Grand Prix because he believedUPI - 86 words
-
Article, Illustration38 1993-12-11 24 Reuter NEW YORK Monica Seles, out of action for months because of a stabbing wound, hinted strongly Thursday that she will defend her Australian Open title next month, but said she still needs more match play. ReuterReuter - 38 words
-
-
-
PEOPLE
-
Article, Illustration245 1993-12-11 24 SONY Singapore celebrated its 20th anniversary with a lavish dinner for friends and dealers at the Shangri-La Hotel lyMinister for Health and Community Development Yeo Cheow Tong was the guest of honour. In his speech, he complimented Sony Singapore for their strong support of the Community ChestPhotos by Arthur Lee - 245 words
-
-
TIME OFF
-
Article, Illustration612 1993-12-11 25 Shahiron Sahari - Shahiron Sahari meets Suzie Wong and has a drink with Johnny Walker Shahiron Sahari SOME say it's an unfortunate choice of name and concept but Suzie Wong just seems like a lot of fun. The World of Suzie Hong was the name of a612 words
-
Article, Illustration691 1993-12-11 25 ICE-COLD Beer, a new nitcspot on Emerald Hill, makes no bones about what it offers beer served as cold as ice. Sure, the bar serves other standard porings plus a nine-inch, nofrills hot dog. but this place is unashamedly about beer, beer 'and more691 words
-
Article525 1993-12-11 25 Puss In Boots The ever-popular tale about how a cat helps his master go from rags to riches is retold by Act 3. Best for kids under four. Till Dec 12. Bpm at the Drama Centre; with extra performances on Dec 3. 4 and 10 at 10.30 am and525 words
-
Article, Illustration466 1993-12-11 25 SSO Concerts Choo Hoey the conductor, will conduct the SSO as they perform a selection of Strauss' waltzes and polkas like the Kaiser Waltz, the Pizzacato Polka and the Egyptian March. Today, 8.15pm at the Victoria Concert Hall. Tickets at $4. 57, $10, $15 and $25 available from all466 words
-
Article88 1993-12-11 25 The Blue Planet Produced with Nasa's help, this film takes you on a trip to space where the Earth seems suspended in a limitless void. We see how natural catastrophes have devastated life here. Too bad Man is intent on contributing to the destruction. 1 lam. 12pm. 2pm. 4pm.88 words
-
Article, Illustration854 1993-12-11 25 The Master Stone Carvers of Zimbabwe The first exhibition of Shona sculpture in Singapore. A rare opportunity to see the sculptures being created by hand with limited pieces for sale. Till tomorrow. I Oam to Bpm at the Clarke Room. Westin Stamford Hotel. Free admission. Mao Zedong854 words
-
Article91 1993-12-11 25 Mugam and Mirugam A double bill of two plays, the former originally written in Mandarin by Han Lao Da which looks at the issue of 'losing face' and the latter, based on Edward Albee's The Zoo Story, examines the growing alienation and debauchery beneath the veneer of91 words
-
Article99 1993-12-11 25 Christopher Toh - Compiled by Christopher Toh Les MiseraWes Produced by Cameron Mackintosh. Victor Hugo's masterpiece comes alive in Singapore Feb 4 to Apr 17. Group and special bookings can be made at special prices. Counter sales at all Sistic outlets. Tickets from $35 to $140. Call Stephanie: 294-0708 Sistic outlets are99 words
-
-
EPICURE
-
Article, Illustration675 1993-12-11 26 JAIME EE - By JAIME EE Bon AppetH SINGAPORE has gotten to the stage where if you throw a pack of spaghetti in any direction, chances are that it will fall on the doorstep of an Italian restaurant. This time around, we cast our tortellini in the directionPhoto by Chris Loh - 675 words
-
Article, Illustration790 1993-12-11 26 N K YONG - By N K YONG Wine WITH Christmas and New Year's Eve just around the corner, it's time to start planning for the dinner parties, particularly for the latter. New Year's Eve is a good cxcuse (if you need one) to bring out the best bottles to celebrate790 words
-
-
Article, Illustration1060 1993-12-11 28 Mother Stakeout Cops Richard Dreyfuss and Emilio Estevez continue their put-down routine. Yishun: 10.05; 4.35; 7. Demolition Man. When psycho criminal Wesley Snipes escapes into a docile future world, rabid cop Sly must catch him. Lido 1. Capitol: 11; 1.30; 4; 6.30; 9.15. plus midnight tonight. Chinatown 1. Jurong1,060 words
-
-
Page 17 Advertisements
-
Advertisement196 1993-12-11 17 muamMasm The w«W way of turning shares into §> HONOLEONOnNAMCtUMrrU MNOAPOfIE RNANCC UMTTCD *****33 *****33 W VMM REVERSO. Avant-garde since 1931. //Ak THE LIVES ON IN REVERSO OUR MASTERNEVER ON THEIR NEITHER ON OVER 150-YEAR TRADITION OF MAK- v >Ys/v?>\^^^H INC THE I^Vw^H MECHANICAL MOVE- \j^H THE FAME OF REVERSIBLE196 words
-
-
Page 18 Advertisements
-
Advertisement29 1993-12-11 18 Wf Name Address: ■WUiWH S'pore Tel: (Res) (Office) Mail/Fax/Telephone to: Customer Relations Section Circulation Department 1 Singapore Press Holdings Ltd, 82 Genting Lane Singapore 1334. Tel: 1800-*****77 Fax *****7529 words
-
Advertisement25 1993-12-11 18 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 kirn Seng Rd, S'pore 0923. Letters should include your contact numbers.25 words
-
-
Page 18 Miscellaneous
-
Miscellaneous112 1993-12-11 18 TUG. DRPfG. SUIT UJHH TU£ tt<ttT--Snu PsEe ir> GOW6 TO 1 VGLVeT eocfl£C£. tb£is VCXJ TOmpfc£\ u>ef\R J p£RtMPiPeTBc>uS£ES... fooL of looescxr if YDU TURM U 3 j > Fiajo9£JSG£**T SOCKS FSMJ fXT n<- F«Rf*VS CHfcISVnKS DWMe* \Buje. sueoe suoes... UMtW Pv D««VOOKC «N NbUR NOS£ f\HO y o P112 words
-
-
Page 20 Advertisements
-
Advertisement33 1993-12-11 20 Recharge Your Batteries With Water FANTASY WATERBEDS PTE LTD 15 Enggor Street (off Anson Rd) #01 -03 Realty Centre Singapore 0207 Tel: 226 1055 Fax: 226 1054 Mon-Sat: 11am-Bpm. Sun Public Holidays: lpm-7pm.33 words
-
-
Page 21 Advertisements
-
Advertisement100 1993-12-11 21 Fly 4 times a week to Cambodia (Every Tuesday, Wednesday, Friday Sunday) ANGKOR WAT, has been out of reach to lourisls for dccades. Now, people are rediscovering r J just what makes this temple one of the Seven Wonders of the World. M CAMBODA.A INTONATKHAI CARRIER d OMBGDA^T CAMBODIA r100 words
-
-
Page 23 Advertisements
-
Advertisement284 1993-12-11 23 PI AY MARKFT fillRII jU4 AND WIN YOURSELF A ROYAL RIDE ON THE EASTERN IMH ORIENTAL EXPRESS! p—| Could you do with a weekend of royal luxury? Business Times is offering readers a chance to get away from the hustle and bustle of city life with a free weekend abroad284 words
-
-
Page 24 Advertisements
-
Advertisement125 1993-12-11 24 ADVERTISEMENT BusinessDmes/KENWOOD GOLFING TIPS By BRETT BRASIER PROFESSIONAL GOLFER Fully Qualified Member Of 5.P.G A,s Dip in Golf Management -shoulder if will eventually your fv lEg alignment and confidence as you struggle i to keep the ball stright. So, if you have a I choice/ warm-up in a right-to-left wind.125 words
-
-
Page 26 Advertisements
-
Advertisement332 1993-12-11 26 GENUINE TASTE OF ITALY. Come and dine at Pasta Fresca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert, Tiramisu. PASTA FRESCA DA SALVATORE PTE LTD BIIC 833 iOl-03 ROYALV*.LE BUWT OMAH ROAD SINGAPORE 1027 TEL'332 words
-
Advertisement75 1993-12-11 26 Refrigerated Wine Cellar gnHH tiMH Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Price: 552,525.00 (inclusive of delivery set up m S'pore 12 months warranty Available ex-stock from the Sole Agent: BONIABLE BONTABLE AGENCIES (S) PTE LTD #03-05 Sin Cheong Building 4775 words
-
Advertisement26 1993-12-11 26 PORT SHOTS u The ,atest n sea a r wlllsß and land trans p° rtat|on SS!SSSS^ Shipping Times Monday to Friday. SINGAPORE f 1 BusincssTimes wttmwtm26 words
-
-
Page 27 Advertisements
-
Advertisement657 1993-12-11 27 M Nothing Beats A Bud, fit Cafe Carousel J3*. Q ***** (jyiTVUSa boulewro HOTEL 200 Orchard Boulevard Singapore 1024 Te1:737 2911 HjHMUHlifl High Tea OK Every Saturday, Sunday and Public Holiday let our KJs help you on your feet and lead you to the stage. From 3.00pm to 6.00pm, Connections657 words
-
Advertisement279 1993-12-11 27 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. Hn Kr Choose from an astonishing variety of savoury and sweet favourites. And if that's not enough, our tea special also includes karaoke at Singsation, Singapore's only theme karaoke lounge. So pop over279 words
-
Advertisement281 1993-12-11 27 Delectable Yoag Do* Fa BuHel at Chatterbox every Satniday and Sanday. 12.30 pn to 5 pm 514.50 per person $6.50+ per child (below 10 yrs) Mezaarme Sumptuous Continental It Local Afternooa Tea spread at Mezzanine Lounge. Daily. 2 pm to 6 pm $16.00 per person $10.00++ per child (below 10281 words
-
-
Page 28 Miscellaneous
-
Miscellaneous2310 1993-12-11 28 TODAY'S TV i 8.00 Gerbert Kniorts ArthUr China s Mosts. 9am, SBC 8 900 Children's Club. cdt C k 10.00 Heroes On Hot Wheels. A look at achievements of W 1Q 3Q Ro6otech Two syndicates fight over a which the country is particu- pL n.OO The Little Flying Bears, ver2,310 words
-