The Business Times, 9 July 1994

Total Pages: 28
1 28 The Business Times
  • 13 1 Business Times MITA(P) 010/12/93 Weekend Edition. Julv 9-10 1994 WE KNOW ASIA 75"
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  • 544 1  -  From Neil Behrmann in LONDON FOREIGN exchange dealers fear that central banks are setting a trap for dollar bears. They contend that central banks are playing u cat-and-mouse game with the markets. A week ago. the United States and other governments
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  • 397 1 US job figures give the jitters KnightRidder, Bloomberg Business News NEW YORK The dollar whipsawed in nervous trade yesterday morning, trying to find direction after a strong jobs report that pushed down bond prices and raised the prospect of further Federal Reserve tightening. Earlier, in London yesterday, it fell to
    Knight- Ridder,; Bloomberg Business News  -  397 words
  • 81 1 Reuter NEW YORK Blue-chip stocks edged slightly higher at midday yesterday amid stronger-than-expected employment figures and anticipation of strong secondquarter earnings. At Ipm EDT declining issues led advances 11-8 on volume of 145.9 million shares on the New York Stock Exchange. The Dow Jones industrial average,
    Reuter  -  81 words
  • 447 1  -  By Genevieve Cua SINGAPORE Homegrown Asia Resource Corp International. the franchiser for Pepsi in Vietnam, is eyeing two more bottling plants in the central and northern parts of the country, as well expanding its existing plant in the south. Chairman
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  • 259 1 SINGAPORE Eraser Neave (F&N) emphasised yesterday that its plan to produce Coca-Cola in south Vietnam had not been ruled out and said it had received encouragement from some Vietnamese decision-makers. F&N issued the statement last night in reaction to a Husiness
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  • 533 1  -  From Leslie Lopez in JAKARTA INDONESIA is to allow foreigners to own more than 49 per cent of the shares issued by companies listed on the Jakarta Stock Exchange. Barcelius Ruru, chairman of Indonesia's securities watchdog agency Bapepam. revealed yesterday.
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  • 2am LATEST
    • 68 1 Reuter PARIS Multinational companies should be taxed at arm's length with each individual unit in the group treated as a separate company, the Organisation for Economic Cooperation and Development (OECD) said. "The growth of multinational enterprises presents increasingly complex taxation issues for both tax
      Reuter  -  68 words
    • 55 1 Reuter WASHINGTON The International Monetary Fund said yesterday it has approved a 14month stand-by loan for Turkey totalling the equivalent of 509.3 million Special Drawing Rights, or 551.128 billion. The loan was made to support the Turkish government's economic and financial reform programme for
      Reuter  -  55 words
    • 47 1 Reuter DALLAS Kimberly-Clark Corp said its Kimberly-Clark Argentina SA subsidiary has acquired Descartables Argentines SA in exchange for an undisclosed amount of KimberlyClark Argentina stock. It also said Kimberly-Clark Argentina has formed a joint venture with Descartables to make personal care products. Reuter
      Reuter  -  47 words
  • 168 1 Stock market indices Friday Change STII 2,162:94.. 16.93 KLSEComp 987.78 +6 41 Nikkei 20,526.51 -93.51 Hang Seng 8,431.19 -59.67 SET Index 1,287.34 -15.52 Jakarta Comp 452.20 -1.90 CLSA China B ....1,002.20 -5.22 Aust All Ord 1,964.9 +2.7 FTSE 100 2,962.4 -2.0 Friday Previous 2pm close Dow Jones 3,699.43
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  • Page 1 Advertisements

  • SINGAPORE NEWS
    • 545 2  -  By Genevieve Cua SINGAPORE investments in Vietnam are set to rise even further, most likely in the areas of infrastructure, tourism and property development, said Dau Ngoc Xuan, chairman of the Vietnam State Committee for Cooperation and
      Photo by Arthur Lee  -  545 words
    • 295 2 TOKYO Electric Company will transfer production of barcode printers and computerised scales from Japan to its plants in Singapore and Indonesia over the next three years, in a move to escape Japan's high-cost environment. Norio Ueki. president and chief executive of Tokyo
      295 words
    • 322 2  -  By Jennifer Lien A HARDWORKING Chinese immigrant who in 26 years turned a small ironworks into a diversified group of 20 regional eompanies has won this year's Lianhe ZaohaoEndee Entrepreneurship Exeellenee Award. The ehairman of Lam Hong Leong Aluminium Pte Ltd. See Kok Eng.
      322 words
    • 256 2 THE SINGAPORE Democratic Party will form a committee to look into transport and health care costs, drawing on pointers picked up during a recent visit to Hongkong. It would organise a public forum to solicit views from Singaporeans, then have its
      256 words
    • 267 2 A SOUTH KOREAN oil tanker and a Greek registered bulk carrier collided ofT Singapore early yesterday, causing an oil spill and injuring a crew member of the bulk carrier. The 91,608-tonne tanker Honam Pearl was carrying a cargo of Saudi Arabian crude to
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  • Page 2 Advertisements
    • 1116 2 C.K.TANG C. K. TANG LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Members of C. K. Tang Limited will be held at 391-B Orchard Road #19-00, Ngee Ann City, Singapore 0923 on August 1, 1994
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  • Page 2 Miscellaneous
    • 389 2 I WEATHER Singapore: Showers over several areas in the late morning and earty afternoon. (Temperature range: 26-32). Asia Padlk Hi/U' Cmml Ear** Com 6 Buenos toes 18 04 dear AucfcWM 13 Ol Clear Amsterdam 30 15 Oai Chicago 26/22 Sr>owc«s Baro>o* 35 26 Clear Atf*ns 34 72 Clear Honolulu 32.76
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  • THE REGION
    • 341 3  -  From Loh Hui Yin in BANGKOK THE resignation of a deputy prime minister and the Opposition's attack on four senior cabinet ministers upstaged yesterday's parliamentary debate on the 1995 Budget. Deputy Prime Minister Amnuay Viravan quit both as a member
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    • 203 3  -  From Loh Hui Yin in BANGKOK THAILAND'S electricity authority has signed a 25-year agreement to buy electricity from a private Laotian producer, Bangkok's first such commercial deal for power. The Electricity Generating Authority of Thailand (EGAT) will pay about 1.5 billion baht (Ss9o
      203 words
    • 63 3 Reuter BEIJING Chinese President Jiang Zemin (centre) and Chinese Foreign Minister Qian Qichen (left) met Hongkong businessman and member of the territory's Preliminary Working Committee, T K Ann, at Beijing's Great Hall of the People yesterday. Above the smiling group is a tapestry featuring former Communist
      Reuter  -  63 words
    • 353 3  -  From Harish Mehta in HO CHI MINH CITY AFTER months of internal debate, the Vietnamese government has allowed foreigners to buy homes in Vietnam for personal use. But the new property law prohibits speculation or trading in real estate. The government passed a decree
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    • 357 3  -  By Quah Choon Poh SINGAPORE The three governments involved in the northern growth triangle are going ahead with several projects even while waiting for a study to be completed identifying their areas of cooperation, a senior Malaysian official said yesterday. Malaysia, Indonesia and
      357 words
  • Page 3 Advertisements
    • 83 3 VACHERON CONSTANTIN Geneva, since 1755 mm The world's oldest watch manufacturer Sole Agent and Service Centre: Luxtime Singapore Re Ltd, 391-B Orchard Road #15-08. Ngee Ann City, Singapore 0923. Tel: (65) *****78 Fax: (65) *****74 Luxtime Malaysia Sdn Bhd, Suite No. 15-1 Level 15. Menara Sabre. 8 Lorong P. Ramlee.
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  • THE REGION/WORLD
    • 659 4  -  The Group of Seven Summit From Anthony Rowley in NAPLES POLITICAL leaders and finance ministers of the G-7 yesterday played down heavily the prospect of concerted action to stabilise world currency markets. But this served only to fuel speculation that
      Reuter  -  659 words
    • 520 4 NAPLES Japan is making a determined effort at the summit to draw Europe and Russia into greater involvement on the issue of North Korea's nuclear threat. This is part of a strategy on Tokyo's part to widen G-7 horizons on AsiaPacific issues. "We
      520 words
    • NOTE BOOK
      • 75 4 AP GENEVA The first high-level meeting for a year between the United States and North Korea to ease nuclear tensions has got off to a "very productive and useful" start, a North Korean official said yesterday. The talks are expected to focus on North
        AP  -  75 words
      • 66 4 Reuter PARIS Malaysia's Binariang Sdn Bhd has chosen Arianespace to launch its first telecommunications satellite. Arianespace said in a statement here on Thursday that the satellite. Measat-1. built by General Motors unit Hughes Aircraft Corp. will provide services for telephone, telex, data transmission and direct
        Reuter  -  66 words
      • 81 4 Bernama JAKARTA Indonesia will continue to allow its women to work as domestic helpers abroad despite reports of poor treatment and harassment by employers, an official said here yesterday. Overseas Manpower Director-General Muhammad Kodjin said his ministry did not intend to bar employment agencies from
        Bernama  -  81 words
      • 91 4 Reuter MANILA The Philippines' National Bureau of Investigation (NBI) will look into charges of bribery at the Securities and Exchange Commission ISLC), officials said here yesterday. SEC chairman Rosario Lope/ said: "I asked for the help of the NBI because I want to clear my name
        Reuter  -  91 words
      • 50 4 Bernama JOHOR BARU Kerctapi lanah Melayu Bcrhad (KIM) will operate a shuttle service on the Singapore-Johor Baru-Pasir Ciudang and the Singapore-Johor Baru-Kulai sectors from I uesday. KTM's southern region manager Che Nordin Che Mat said vesterdav the train would run the routes six times a day.
        Bernama  -  50 words
    • 293 4  -  By Catherine Ong SINGAPORE PanAmSat. the world's first private global satellite system, was planning to launch its second satellite. PAS-2, yesterday, covering the Asia-Pacific region. As at press-time, the 2.920 kg Hughes satellite had yet to go into space
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    • 243 4 AFP SYDNEY Australia has capped a month of booming trade with China with the signing yesterday ol a AS 140 million (SSIS4 million) contract to build a 48-storey office tower in the city of l ianjin. The contract, the biggest ever
      AFP  -  243 words
    • 357 4 Bloomberg Business News WASHINGTON The United States* unemployment rate held steady at 6 per eent in June while the eeonomy pumped out a stronger-than-expeeted 379.000 new jobs, the Labour Department said yesterday. Economists had forecast the unemployment rate would rise to 6.2 per
      Bloomberg Business News  -  357 words
    • 237 4 AFP MANILA President Fidel Ramos. v\ho vowed to reduce crime in the Philippines, admitted here yesterday that almost half the population feared for their safety inside their own homes. Speaking at the anniversary of a special anti-crime task force he created
      AFP  -  237 words
    • 291 4  -  From Lim Soon Neo in HONGKONG HONGKONG'S Legislative Council yesterday approved government spending of IIKS4 billion (SS7B7 million) to redevelop British military bases for China's use after the territory's return in July 1997. I he funds are essential for the Hongkong
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    • 413 4 Bernama PARIS Mahathir Mohamad yesterday denied Western media reports that Mala\sia has abandoned its "Look bast" policy and is beginning to turn towards the West. The Prime Minister explained that it had been Malaysia's policy to establish relations with any countries seeking
      Bernama; AFP  -  413 words
    • 247 4 Bernama PARIS Malaysia hopes to launch its third car project in July next year a joint venture with French car maker Citroen. A memorandum of understanding between newly incorporated Malaysian company. USPD Sdn lihd. and Citroen was signed here on Thursday,
      Bernama  -  247 words

  • THE WORLD
    • 334 5 Reuter WASHING I ON A campaign in the United States to scupper the Gatt package picked up steam on Thursday when 42 state attorneys-general told President Bill Clinton they believe the world trade pact posed a threat to US laws
      Reuter  -  334 words
    • 419 5 Reuter BONN A senior German trade expert said yesterday that German companies could have a tougher time winning Chinese contracts after human rights protesters confronted visiting Chinese premier Li Peng. Otto Wolf von Amerongen, head of the East Europe Committee of German Business, said
      Reuter  -  419 words
    • 422 5 Reuter WASHINGTON US policy on Haiti and people fleeing the Caribbean nation suffered setbacks when Panama suddenly rescinded its offer to accept as many as IO.(KX) refugees. A disappointed President Bill Clinton said he would continue to seek "safe havens" for them
      Reuter  -  422 words
    • 243 5 AFP WASHINGTON The chief executives of the top 200 US corporations received an average US$4.l million in total compensation in 1993. a jump of 28 per cent in one year. Fortune magazine reports. The highest paid executive by far was Travelers Inc's Sanford
      AFP  -  243 words
    • WORLD WATCH
      • 92 5 AFP LONDON Britain's visible trade deficit with the rest of the world narrowed to 1803 million (SSI.B billion) in April from a revised figure of £1.2 billion in March, the Central Statistical Office said yesterday. Analysts had forecast a deficit of I billion. The
        AFP  -  92 words
      • 62 5 Reuter PAMPLONA. Spain A bull jumping over a runner yesterday as the second "running of the hulls" in the San Fermin festival came to a close. Each morning of the one-week festival, the "running of the bulls" takes place when six fighting bulls and some steers are led
        Reuter  -  62 words
      • 72 5 Reuter ROME The Mafia controls up to one-fifth of all commercial activity in Italy and made some USS66 billion (SS 100.3 billion) worldwide last year in business activities ranging from jeans to corporate financing, a study published on Thursday said. The study by Italy's
        Reuter  -  72 words
      • 81 5 Bloomberg Business News LONDON Prime Minister John Major on Thursday said the British government is set to cut taxes before the next general election in 19% or 1997 with a "tough" round of cuts in public spending. Mr Major told Conservative Party legislators:
        Bloomberg Business News  -  81 words
    • 408 5 AP LONDON Jeffrey Archer, the best-selling author and right-hand man of two British prime ministers, faces accusations that he earned illegal profits from insider dealing. The Department of Trade and Industry said on Thursday it was investigating Mr Archer and several other unnamed individuals
      AP  -  408 words
    • 429 5 Bloomberg Business News NEW YORK Someone is cheating the great corporations of America. Well, actually, lots of people are cheating, ripping off and just plain flat-out stealing from at least three out of every four big US companies, according to
      Bloomberg Business News  -  429 words
    • 1738 5 Crtj HMrt eta n&t no. Oft FW ETA Fig* OL Amman RJ187 0130 Hanplttm MI931 2035 MI932 0920 Amsterdam SQ25 0630 KL844 0035 Hanoi VN741 1310 SQ176 1130 KL831 0935 KL838 2300 SQ175 1855 VN740 1410 SQ324 2345 MI895 2300 M1896 1920 Auckland NZ21 1735 BA11
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  • COMPANIES & MARKETS
    • 354 6  -  By Joseph Rajendran SINGAPORE Semiconductor equipment supplier and Sesdaq aspirant Advanced Systems Automation aims to broaden its product range and market. Managing director Jimmy Chew told Business I tows the company plans to take a majority stake in a joint venture with a
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    • 224 6 SINGAPORE Listed Lim Kah Ngam (LKN). which runs a highly profitable hotel in Shanghai, is going into property development in nearby Su/hou city. The Singapore property and hotel group has entered into a joint venture for development in Suzhou and
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    • 166 6 SINGAPORE Trans-Island Bus Services (Tibs) will spend S5O million on 200 environmentally friendly buses. Tibs said yesterday the Mercedes-Benz buses would have low-emission engines, recyclable seats and non-ozone depleting refrigerants in their air-conditioning systems. The first vehicles will go in- to service next
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    • 206 6 SINGAPORE Hai Sun Hup signed on the dotted line yesterday to pay AS6O million (SS67 million) for the Parkroyal Motel in Melbourne its seeond foray into Australia's hotel industry. In May. HSH won the tender to buy Sydney's Ramada Hotel North
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    • 149 6 SINGAPORE The DBS 50 Index will be revised from Monday to include PC soundcard maker Creative Technology Ltd. which will replace United Engineers Ltd. DBS Bank said yesterday it was making this change in its component stocks to take into account Creative Technology's
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    • 806 6  -  HOCK LOCK SIEW By Amy Balan SINGAPORE Once upon a time, securing a telecommunications licence in Malaysia could do wonders for a company's share price. Now. that is only partly true. A company with a licence under its arm
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    • 307 6  -  From Ho Kay Tat in KUALA LUMPUR POWLR company lenaga Nasional. whose shares tumbled this week because broker Smith New Court said its earnings would be hurt by a government plan to have a national power code, said vesterday the code would
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    • 156 6 SINGAPORE Property tycoon Ng Teng Kong has declared an interest of 21 per cent in listed food and beverage maker Yeo Hiap Seng. Companies controlled by Mr Ng mopped up another 250.000 YHS shares on Wednesday and Thursday, to raise
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    • EYE on your STOCKS
      • 18 6 For next week's expected market sentiment, see HF Sentiment Index on E1.4 (Personal Finance Investment section)
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      • Article, Illustration
        123 6  -  Quak Hiang Whai Amalgamated Steel Mills appears to have lost enough. The stock is trading within a pennant in the weekly chart but could break out of it upwards soon. Bullish divergence is also seen on the weekly RSI chart. The nine-week moving average is also showing signs
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    • COMPANIES
      • COMPANY BRIEFS
        • 62 7 SINGAPORE Tang Wee C heng disclosed yesterday that he had disposed of his entire interest in Tang Choon Keng Realty (TCKR), the C K Fang family's investment holding company which owns the Dynasty Hotel. As a result, Mr Tang no longer has anv
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        • 26 7 SINGAPORE Sesdaq-listed Elteeh Electronics said in a statement yesterday that Fan Kian Meng had resigned as group financial officer, effective June 30.
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        • 58 7 SINGAPORE Hiap Moh Corp Ltd yesterday said it had formed Hiap Moh Paper (Shanghai) through subsidiary Hiap Moh (China). The new company, with registered capital of U*****,000 (*****.000). will be in the paper and paper board business. Last month, Hiap Moh Corp also formed Hiap
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        • 65 7 MBT KUALA LUMPUR Samanda Holdings Bhd's shareholders have endorsed the group's proposed acquisition of a 40 per cent stake in Associated Bank of The Philippines (ABP) which is set to expand into a regional banking operation by 1997. The bank will be renamed
          MBT  -  65 words
        • 88 7 AFP JAKARTA Indonesia's newest private commercial airline will likely go public next year, spokesman Arit Rusman said yesterday. He said Sempati Air is now preparing tinancial and administration reports required to list the airline at stock exchanges in Jakarta and Surabaya in East Java. Sempati
          AFP  -  88 words
        • 76 7 Bernama KUALA LUMPUR KLCC (Holdings) Sdn Bhd has signed a shareholders agreement with Hongkong-based Mandarin Oriental Hotel Group (MOHG) to jointly develop a five-star hotel on Lot D of the Kuala Lumpur City Centre projeet. The Mandarin Oriental Kuala Lumpur will be developed as part
          Bernama  -  76 words
        • 57 7 Reuter JAKARTA PT Hanjaya Mandala Sampocrna said it has revised up its net income after tax forecasts for this year to 206 billion rupiah (S$ 142 million) from 183.7 billion rupiah. "As a result of increased sales and additional economies realised in operations, net income projections
          Reuter  -  57 words
      • 151 7 Bernama KUALA LUMPUR Ekran Bhd is conducting a number of studies relating to the Bakun hydro-electric power project in Sarawak. An Ekran statement here yesterday said these included engineering and financial studies related to the hydro-power station and the transmission
        Bernama  -  151 words
      • 510 7 UNIT TRUSTS FUNDS MjMgers' prices Jul 9 11 UMB Invest Mgt Ltd Singapore Unit Trust unS- !«n 1.055 The Commerce 1.58 1.67 United Gr Fund' 1.63 I 64 The Savings Fund 149 1.58 United Asia Fund 157 l.67« S pore Prog Fund 0.68 0.72 S'pore See Fund 1.01 1.07 UOB
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      • 387 7 MBT KUALA LUMPUR Indah Water Konsortium will be awarding Ms7oo million (SS4IO million) worth of contracts for sewage treatment projects over the next three years in the first phase of its national sewerage privatisation project. This amount of capital expenditure
        MBT  -  387 words
      • 425 7  -  From William Chia in JAKARTA THE Indonesian Capital Market Supervisory Agency (Bapepam) is aiming for greater transparency in developing the country's capital market. Bapepam chairman Baeelius Ruru. who gave the closing address at the Pacific Capital (Pacap) conference yesterday, said this will
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      • 163 7 Reuter SINGAPORE Long-term investors should take the opportunity to buy shares of Eraser and Neave Ltd (F&N), OCBC Investment Research said yesterday. F&N shares fell 70 cents on Thursday on news that Vietnamese authorities had reguested that it postpone the opening of its southern Vietnam
        Reuter  -  163 words
      • 204 7 Bernama KUALA LUMPUR Kelanamas Industries Bhd is selling its 71.96 per cent equity interest in Ciula Padang Terap to Jalinan Semangat Sdn Bhd for MS 100.10 million (5558.5 million) in cash. The company said in a statement yesterday that it
        Bernama  -  204 words
      • 345 7 Bernama KUALA LUMPUR Kumpulan Guthrie Bhd's roadshow to introduce the company to foreign and local investors is intended to lay the groundwork for the future. K Guthrie's chief executive officer Khalid Ibrahim said yesterday that it was best to introduce the company
        Bernama  -  345 words
      • 358 7 MBT KUALA LUMPUR Olympia Industries Bhd expects group earnings to increase by M 54.36 million (552.53 million) for the year ended June 30, 1995, with the proposed development of 399 lots of leasehold land in Malacca. Olympia said in a
        MBT  -  358 words
      • 335 7 Bloomberg Business News WLLLINGTON CDL Hotels Now Zealand l td said it will raise about NZ552.4 million (5547.7 million) from a one-for-two rights issue priced at 45 NZ cents a share. The issue will increase the group's market capitalisation to NZ5233.8
        Bloomberg Business News  -  335 words
      • 390 7 MBT KUALA LUMPUR The management buyout of Chemical Company of Malaysia Bhd. the first such MBO of a for-eign-controlled company listed on the Kuala Lumpur Stock Exchange (KLSL), will benefit both ICI (Malaysia) Holdings Bhd and CCM. said CCM
        MBT  -  390 words
      • 789 7 Payment Kx Books Fay dale close date \BK Hides 5* I 9 Jun 29 Jul 5 Jul IS \lcom F 3.5TE Jun 23 Jul 7 Jul 22 Ale* llldgs 50* b 6 Sep 6 Sep 12 Sep 22 Vmcol 25* F 20 Jul 26 Aug 1 Aug 23
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      • COMPANY BRIEFS
        • 60 8 Bloomberg Business News SYDNEY Houston-based Ciantry Acquisition Corp said vesterday it was dropping its takeover bid tor Australia's Bridge Oil L td. The action came after lexan Parker Parsley Petroleum refused to accept a higher Ciantry offer ol 95 I;S cents a share for
          Bloomberg Business News  -  60 words
        • 62 8 Bloomberg Business News I.ONLX)N Hasbro UK Ltd yesterday boosted its offer for J VV Spear Sons pic by £2. offering til a share for the I K games maker. Ihe increased bid is £1 more than Mattel Incs June 3 offer of £10 a
          Bloomberg Business News  -  62 words
        • 76 8 Reuter STUTTGART Daimler-Benz AG said yesterday it welcomed the approval by the German upper house ot parliament ot a law which will enable the issue ol shares with a nominal value ol five marks. But a company spokesman said the company had no concrete
          Reuter  -  76 words
        • 74 8 Bloomberg Business News STOCKHOLM Swedish car maker Volvo AB said it expects the launch of its Volvo 960 series to North America will provide the company with a record profit in the US. Chief executive Soeren Gyll told Swedish daily Da gens hulustri
          Bloomberg Business News  -  74 words
        • 50 8 AFP TAIPEI Cathav Life Insurance Co reported yesterday net profit of NTSB.O9 billion (***** million) for 1993. a 51.34 per cent leap from a year earlier. Cathay said it planned to raise its capital to NTS 22 billion dollars from N 1515.63 billion. AFP
          AFP  -  50 words
      • 185 8 Reuter NEW YORK Viacom Inc closed its USSIO billion (5515.2 billion) acquisition of Paramount Communications Inc on Thursday and said it now plans to cut USS2 billion in debts arising from the deal. Chief executive Frank Biondi told shareholders at
        Reuter  -  185 words
      • 381 8  -  From Lim Soon Neo in HONGKONG CHINESE state-owned company Luoyang Glass made a dismal debut on the Hongkong Stock Exchange yesterday, closing 20 per cent below its issue price of HK53.65. "It's the worst first-day performance for an 11 share."
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      • 314 8 Eastern Express HONGKONG Shanghai's securities authority has decided not to deprive the Standard Chartered group of its booming securities business in the city despite a ban on its securities arm doing underwriting jobs in Hongkong. The decision followed
        Eastern Express  -  314 words
      • 276 8 Bloomberg Business News HONGKONG Buoyed b> higher room rates at its two Hongkong hotels, Furama Hotel bnterprises said its net profit climbed 65.3 per cent in the fiscal year ended March 31. In a statement to the Hongkong stock exchange, the company
        Bloomberg Business News  -  276 words
      • 429 8 Reuter LOS ANGBLFS Rupert Murdoch, chairman ot' News Corp Ltd. whose rule of the company's Fox Inc entertainment unit has been marked by an autocratic stvle and volatile management change, said on Thursday he was splitting Fox into
        Reuter  -  429 words
    • SHIPS IN PORT
      • 520 8 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure iurone Port supmwgi os 94 po4 08 0/. ?300 Balani B B335 II 090/ 2300 Wake 2 W4 atengsrfe °«0/ Drt lestari 055 19 alongside 090/ 2300 Yuleng < 94 P02 alongside 120/ 0600 Ocean*
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      • 2432 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Ac» 0»» DMA 10 C400 IB 98 I MM 08 1659 08 1900 J 09,0700 09 1159 09 1400 4 09
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    • FINANCE & COMMODITIES
      • 361 9  -  From Ho Kay Tat in KUALA LUMPUR TROUBLED Mercantile Insurance Sdn Bhd. Malaysia's biggest motor insurer, has been ordered to wind up by the Minister of Finance as its shareholders have not been able to inject fresh capital ol about MS39O
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      • 372 9  -  By Shiv Taneja SINGAPORE US Investment bank JP Morgan is playing host to more than 100 clients from the region at a two-day seminar at the Raffles Hotel. This seminar. Identifying and Managing Risk, is the 12th of its
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      • 41 9 Reuter SEOUL A South Korean bank teller giving a practical currency demonstration of foreign exchange to a kindergarten class visiting a Seoul bank. The attentive youngsters seemed to be taking careful note. Reuter
        Reuter  -  41 words
      • 438 9 Reuter TAIPEI Profits of foreign banks in Taiwan outstripped those of their local competitors in 1993 as the banks took advantage of liquidity in the interbank market. However, foreign bankers say they can make more money if Taipei relaxes more restrictions. Foreign banks
        Reuter  -  438 words
      • SMALL CHANGE
        • 66 9 SINGAPORE Asia Credit Public Co Ltd has successfully raised a USSSO million (5575.5 million) loan facility. The Ihai finance and securities firm signed an agreement with 25 financial institutions on Thursday to raise the money for its general working capital. The syndication was arranged
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        • 145 9 Reuter TOKYO As long as there is no change in current market conditions, Japan's long-term prime rate for July is likely to remain unchanged at 4.4 per cent, an otlicial at one ot Japan s three long-term credit banks said. A decision is
          Reuter  -  145 words
        • 129 9 Bloomberg Business News TOKYO The number of foreign hank branches in Japan is expected to decline for the first time this year, the Mkkci newspaper reported, foreign banks had 145 branches in Japan as of December 1993. but by this May four had retrenched:
          Bloomberg Business News  -  129 words
        • 89 9 AFP LONDON British merchant bank Schroders on Ihursday announced it had agreed to raise its 42.5 per cent stake in US investment bank Wertheim Schroder to 85 per cent by buying all shares held by the management of Wertheim Schroder for USS6X million (SSIO3 million).
          AFP  -  89 words
      • 215 9  -  By Soh Tiang Keng SINGAPORE Indonesian companies prefer to borrow from offshore markets in Singapore and other financial centres than tapping funds from their home capital market. said A S 1 Rajan. managing director of the Sinar Mas group. Speaking yesterday
        215 words
      • 274 9 AP WASHING I ON Three years after the downfall of BCCI. the corrupt hank's depositors have yet to be repaid. But an agreement to give them up to half of what they had in the hank is nearing completion. officials said
        AP  -  274 words
      • 514 10 AP. Reuter BRASILIA The government said on Thursday the recent frosts that hit Brazil's coffeegrowing regions destroyed almost 29 per cent of next year's crop. The government also said it would lift the ban on coffee exports it ordered on June 27
        AP.; Reuter  -  514 words
      • 164 10 AFP PARIS The International Energy Agency (lEA) said on Thursday that it had revised its forecast for world oil demand in the fourth quarter upward to 69.6 million barrels a day. 300,000 more than the initial forecast. The Paris-based agency also
        AFP  -  164 words
      • 386 10 AP HANOI Vietnam produced 3.38 million tons of crude oil in the first six month of the year, exceeding its output target by about 1 per cent, an official report says. The announcement yesterday came less than two weeks after Union Texas
        AP  -  386 words
      • 213 10 Reuter SINGAPORE The International Natural Rubber Organisation (Inro) is seeking buying bids for August and September RSSI and RSS3 rubber from its warehouses in China, traders said yesterday. The rubber will be delivered from its warehouses in Shanghai and Qingdao. traders said. This is
        Reuter  -  213 words
      • 450 10 DBS weekly currency review US$/mark: set for down move After correcting upwards to 1.6060 on July 1, the greenback resumed its downmove to hit a low of 1.5660 on Wednesday. It was trading at 1.5720 yesterday morning. The technical picture is biased on the
        450 words
      • 192 10 Reuter KUALA LUMPUR The (iatt world trade agreement should boost the global market for palm oil and other farm commodities, the chairman of Malaysia's Federal Land Development Agency (Fclda). Mohammad Alias Raja Mohammad Ali. was quoted as saving on Thursday. "It
        Reuter  -  192 words
      • 108 10 THE Singapore dollar yesterday closed against the US dollar unchanged from the previous day. But market sentiment still sees a test of the 1.52 level likely in the coming week. The Malaysian ringgit continued to firm against the greenback amid some rumours of a large
        Charts by Dow Jones Telerate  -  108 words
      • 200 10 Bloomberg Business News LONDON I he dollar fell to a 19-month low against the German mark and towards its post-World War II low against the Japanese >en after American President Bill Clinton blamed the US currency's slide on Japan's trade surplus with the United States. With the US trade
        Bloomberg Business News  -  200 words
      • 180 10 Bloomberg ENERGY REPORT NI.W YORK Oil futures on the New York Mercantile Lxchangc (Nymex) rose amid concern that a strike by Nigeria's senior oil workers could stem the flow of exports, reducing global supplies. l*engassan. a union representing Nigeria's senior oil workers,
        180 words
      • 88 10 AFP NEW YORK A jump in bond interest rates triggered by surprisingly good US employment figures for June held back the dollar's climb. At 1315 GMT, the dollar traded at 1.5725 marks, up from 1.5715 in London earlier and down from 1.5730 in New York on Thursday. Against
        AFP  -  88 words
      • Article, Illustration
        1776 10 i ratie-Hfifhmi niU tilun-J onanist ruft 14 tnuhnt paiiftr\ Hit* irtii /W US$/S$ forward rates Noon July 8 si Bid Offer I-month I S 144 I SIO) '-month I 5188 I 5201 *-month I $181 I $196 6-month I 5155 1.5175 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am
        1,776 words
    • COMMODITIES & FUTURES
      • 1369 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended slightly easier after trading in a narrow range. Dealers said market participants squared their positions ahead of the June US non-farm payroll data due last night. Market participants are still undecided over whether the lederal Reserve would
        Reuter  -  1,369 words
      • 707 11 COMMODITY REPORTS Rubber Singapore Rubber futures were stable at the close alter early lows following a rebound in Tokyo despite the International Natural Rubber Organisation (Inro) intervention selling. "The market is stabilising after the Tokyo rebound. Volume is small as traders are confused oxer which
        707 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 54 11 MOSCOW Managers of Russian aluminum smelters have decided to support the ailing national alumina industry and the country's rolling plants, an Aluminy official said yesterday. The move is necessary because aluminum products made in Russian are too expensive and their quality is too low to
          54 words
        • 56 11 NEW DELHI Indian is advising state-run MMTC Ltd and State Trading Corp to buy 150.000 tonnes of white sugar to augment domesticsugar supplies. The Cabinet Committee on Prices on Thursday decided to ask the state-run trading companies to make the purchases. India has already bought
          56 words
        • 78 11 CHICAGO China this week has bought as much as 190.(XM) tonnes of various vegetable oils, responding quickly to the latest slide in prices. Total purchases arc estimated at 120.000 tonnes ot' European rapeseed oil: 30.000 Canadian canola oil: and 20.(KK) to 40.000 tonnes of Argentine
          78 words
        • 59 11 BUENOS AIRES Harvesting of Argentine 1993-94 (Sep-Aug) corn was 94.3 per cent done as of Friday, compared with 88.6 per cent a year earlier, according to data released yesterday by the state Agriculture Secretariat. The data show farmers had collected 10.19 million tonnes of corn, up
          59 words
        • 45 11 HAMBURG German second quarter cocoa grindings dropped 2.5 per cent to 68.033 tonnes, compared with the 69.804 tonnes ground in second quarter 1993. the federal Association of the Confectionery Industry said yesterday. Grindings in the first quarter totalled 80.242 tonnes.
          45 words
      • 1486 11 Rubber July 8 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) Buyers Sellers As at 12 noon (S ccnts/kg) RSS 1 Contract (S cents/kg) 77— —T-r— 7Z— KSS 2 Aug 94 184.50 185 SON (lose Volume Open B ,g. <,>m Mo.*. nnh sat !'iw!":wN &T 175.50
        1,486 words
    • REGIONAL STOCK MARKETS
      • 1076 12 2.7 SHARES closed a bumpy day's trade marginally stronger yesterday after investors engaged in a late round of bargain hunting. The key All Ordinaries Index finished at 1.964.9 points, up 2.7. The All Industrials rose 3.3 to 2.898.0. while the All Resources advanced 2.3 to 1.262.6. National turnover totalled
        1,076 words
      • 608 12 +96.45 The Taiwan bourse jumped extensively amid resumed buying interest yesterday, with banking and insurance shares enjoying the day's largest 2.9 per cent gain, dealers said. The Weighted Price Index climbed 96.45 points to settle at 6,191.79. Turnover swelled to 1.79 billion shares valued at NT590.44 billion. Gains outstripped
        608 words
      • 425 12 +3.25 Share prices staged a comeback yesterday after a two-day slide as bargain hunters moved in. eager to take advantage of low prices on heavy declines. The Composite Price Index rose 3.25 points to settle at 948.96. Trading was heavy with turnover swelling to 43 million shares worth 840
        425 words
      • 620 12 -45.38 Philippine share prices fell yesterday after a two-day rebound as the anxiety over a possible rise in US interest rates and the effect of a forthcoming mammoth initial public offering (IPO) again gripped the market. The Composite Index fell 45.38 points to 2,583.85. Turnover was down 901.65 million
        620 words
      • 285 12 -10.33 Light selling pressure, particularly in selected leaders, pushed the share market to a new closing low yesterday. The NZSE-40 Capital Index ended at 1.955.93, down 10.33 and just edging under the 1.961.30 low on June 27. Turnover was NZSS3 million. Brokers said the focus had shifted from
        285 words
      • 89 12 +28.04 Share prices retreated from the day's highs on end-of-session profit-taking, yet closed higher on buying, particularly in cash group shares, brokers said. The BSE 30-sharc Index closed 28.04 points higher at a provisional 4,076.65 after falling back from a high of 4.105.21. "Prices are just drifting and people
        89 words
    • WORLD STOCK MARKETS
      • 871 12 -2.0 STOCKS closed mixed after faster-than-expccted US jobs growth increased the risk US interest rates will be raised to dampen growth and ward off inflation. The FT-SE 100 Index dropped 2.0 points to 2,962.4. Trading was moderate, with 581.6 million shares changing hands. Declining stocks outnumbered risers by about
        871 words
      • 122 12 +0.3 French stocks closed steady, ending a three-day rally, after falling and rising throughout the afternoon amid confusion caused by news of unexpectedly strong US employment figures. "The market was all over the place; there was so much uncertainty at first." said a trader. The CAC* 40 Index ended
        122 words
      • 115 12 +6.40 Swedish shares closed higher but off" peaks as US June unemployment figures scared the debt market and pushed rates up again. The OMX-Index rose 6.40 points to close at 1,042.98 after subdued, summer turnover of 1.32 billion crowns. Brokers said next week's bourse was hard to predict hut
        115 words
      • 165 12 7.00 German shares ended firm in low volume after extending gains amid short cover- ing in some stocks, particularly Daimler-Benz. The DAX Index closed up 7.00 points at 2.050.85, just off the intra-dav high of 2.051.01. Daimler-Ben/, ended up 11.80 marks at 728.80. helped by short covering and strong
        165 words
      • 154 12 -5.88 Belgian stocks fell after stronger-t ha n-ex pec ted growth in US jobs increased the probability that the Federal Reserve will raiselending rates to combat inflationarv pressures. The Bcl2o Index of leading stocks fell 5.88 points 1,406.48. Fraud allegations involving Foreign Minister Willy Claes, a prominent member of
        154 words
      • 125 12 -86 Italian stocks fell for a third day, dogged by concern about the impact of the government's US$lOO billion budget deficit on the economy. Traders said stocks reacted more to domestic problems rather than international indicators like the US employment figures that moved other markets yesterdav. The Mibtel Index
        125 words
      • 266 12 -0.38 Dutch stocks closed lower after US government bonds fell on stronger-than-expec-ted US employment numbers. "The report was slightly negative." said a trader. "The US bond market fell and we always tag along." The EOE Index of 25 leading stocks fell 0.38 point to 38ft.11, after peaking at 38ft.89
        266 words
      • 284 12 -30.2 Swiss shares closed lower for the third da\ running as news of Ingher-t han-forecast US job growth aroused fears of US rates rising. The Swiss Market Index was 30.2 points lower at 2.5ft0.3. with 21 stocks de- clining. one steady and one higher. The SMI was at 2,562.9
        284 words
      • 305 12 -3.00 South African shares closed mixed but mostly softer in slow trade as the market wound down ahead of the weekend. Dealers said gold shares were pressured by a softer bullion price while other stocks, supported by firmer world markets, were still looking for direction from Wall Street. The
        305 words
      • 271 12 +0.04 Stocks were flat in sluggish midday trading as weak Canadian currency and bond markets dampened enthusiasm for equities. Strong US employment data released earlier yesterday continued to pressure Canadian bonds and dollar at noon. "What's good for the economy is bad for bonds and what's bad for bonds
        271 words
      • 689 12 7.44 file Dow Jones Industrial Average was ahead 7.44 points to 3.695.8 ft at Nam EDT. The key barometer was down 12.30 points shortly after the market opened. The New York Stock Exchange Composite Index was oft 0.28 to 247.29. while Standard Poors 500-stock Index was down 0.34
        689 words
      • 583 12 Vienna Jul H \%ch \l NH Hjnk \ihlru(P) 4*1 2 i < instant ij m MufMon 4' 1 1 11 n/ing UN 4 I cvLhii 412 -I McmOP 22* si.aKif im I VflKM JV I KUciNrif 1*4* 15 Source: Bank Austria Aktiengesellchaft Nasdaq Jul 7 IS* \iMph oois Brewing I"
        583 words
    • Article, Illustration
      3080 13 Bloomberg Business News HONCiKONCj Share prices fell in light trading yesterday amid concern the Federal Reserve might raise US interest rates to support the US dollar. A weak dollar increases the prices of imports to the US and may lead to higher inflation. If the Fed does raise rates.
      Bloomberg Business News; Source: Bridge Info  -  3,080 words
    • Article, Illustration
      530 13 CLSA The Shanghai B index edged down 6.23 points to 739.75, despite a 3 per cent increase in the A market. Total turnover improved to U552.37 million. The afternoon trading session of the Shenzhen bourse will be changed to be in line with the Shanghai bourse from Monday. The
      CLSA  -  530 words
    • Article, Illustration
      2611 13 Reuter TOKYO Jitters over currency direction and a reluctance to take fresh positions ahead of the Group of Seven summit in Naples left Tokyo stocks softer at the close. Amid a dearth of incentives, prices were weighed down by dealer position adjustment and arbitrage unwinding. "And next week is
      Reuter; Source: Bridge Info  -  2,611 words
    • Article, Illustration
      1793 13 Reuter BANGKOK Slocks fluctuated to closc lower after the Thai opposition filed no-con-fidence motions against four government ministers, and Deputy Prime Minister Amnuay Viravan resigned his posts in the coalition government and his own party. The SET Index fell 15.52 points, or 1.19 per cent, to 1.287.34 on moderate
      Reuter; Source: Bridge Info  -  1,793 words
    • Article, Illustration
      1187 13 Renter JAKARTA Share prices closed mixed in moderate trading as market activity picked up mildly on news the government plans to raise its 49 per cent limit on foreign share ownership. "The announcement was welcomed by the market hut until the government reveals more details and a time frame,
      Renter; Source: Bridge Info  -  1,187 words
    • 2434 14 MOST ACTIVE volume Mulphj lull SOc .224.000 lki).iNj I .WW MMiM 4 ISUHO I'ioiiwi .1.421.000 Lk-n Hoc ISR*)? U71M \SH ttc 2.M3.000 IMMMA 2.125.000 Miilii-I'uiiw 2.074.000 k.nnunling MV I.7S7.000 I .iihlmjikt HhJ 1.226.000 kc111.4v.1n MX" I.I 7M00 Mull>l*uiposc Kl 1.161.000 BoijvjIixI I.MMM MOST ACTIVE value7$) C \SH MV
      2,434 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5893 14 Bloomberg Business News KUALA LUMPUR Shares rose as a fourth straight day of gains in New York boosted investors' optimism about the Malaysian economy. Investors interpreted the rally by the Dow as a vote of confidence in the US economy. A prosperous US
        Bloomberg Business News; Source: Bridge Info  -  5,893 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7817 15 MAIN BOARD Transaction date: July 8 lit U M Ml La,l Vol Day Quoie Di» Dit Net (if An Hick L*» Company Sal* 4-/- |MH» High U« Bu>er Seller S t*»r N P'K Smil Price INDUSTRIAL AND COMMERCIAL w W ,00 mi 510 296 t s Xmcol 25c 3l4cd *2
        7,817 words
      • 1999 16  -  By R Sivanithv SINGAPORE After four successive days of rises on Wall Street, some measure of confidence in local equities returned yesterday, leaving dealers optimistic that prices will head upward next week. In improved volume, the Straits Times Industrials Index
        Charts by Bridge Info; Source: Bloomberg  -  1,999 words
  • Page 6 Advertisements
    • 438 6 NEWS VALUE How today's news might affect your stinks Forex dealers fear central bank trap for US dollar bears (pg I) Interesting. Central banks using uncertainty to help underpin the dollar. Bapepam seeks transparency in market via full disclosure (pg 7) A shot in the arm for the Jakarta Stock
      438 words



  • Page 9 Advertisements
    • 999 9 IBM] ODZ3fuZ3\ POWERMATIC DATA SYSTEMS LIMITED (Incorporated in the Republic ot Singapore) NOTICE OF FIFTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of the Company will be held on Monday. 25 July 1994 at 11 00 a.m.. at the Board Room at Pinetree Town
      999 words


  • Page 11 Advertisements
    • 92 11 TOPS IN HOME DELIVERY... Find more listings on homes, apartments and condos! TOPS IN WHEELS... New and used cars, trucks and vans. TOPS IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, services, holidays, course training and much more! The Straits Times Classified delivers! Looking to find
      92 words
    • 34 11 As and when the latest London/ Rotterdam prices are not available, the previous trading da>'s closing figures are carried instead. Make new Ibusiness contacts through classification 203 in The Straits Times Classified. c.a.ta 1737-IIX
      34 words

  • Page 12 Advertisements
    • 42 12 SINGAPORE f Business Times WE KNOW ASIA Address: I Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation Fax j|||l■ News Centre Singapore 1334 fes? m Tel: 1800-749 2577 Fax: 744 4875 Tel (O) (H) I BT'omVWO7OI94 I
      42 words

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    • 60 13 a Plus a high-speed 14,400 bps modem for only $99 when f you subscribe to Teleview for two years. [r pAj f W Call 1800 235-4567 now for more information. Or visit our J Sin^BpOTC I Customer Services Centre at Comcentre, Exeter Road or S T I tour info connection
      60 words


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    • 66 15 1 I Vj Plus a high-speed 14,400 bps modem for only $99 when you subscribe to Teleview for two years. yy CalMBoo 235-4567 now for more information. Or visit our J Customer Services Centre at Comcentre, Exeter Road or rp tour i»ro conncction any Teleshop near you While stocks last.
      66 words

  • Page 16 Advertisements
    • 52 16 i deal in cameras. And I know whereto get good exposure," Red f FT3, m\ f £j ar er 'SV B a f* r i5 3 4 quicO? ££2, ks oth?/' p o hot o«rlphy 9/ T MH2BIJ (SatT^^ V "S. siV (i c«,mp.«te accessorfe*' Call today for results tomorrow.
      52 words
    • 752 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 In the Mailer of (he Companies Act, Cap. 50 ENIN INVESTMENT PTE LTD (Incorporated In Singapore) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and Irld at 10 Anson Road #25-08 International Plaza. Singapore 0207 oa 30th
      752 words
    • 253 16 IN THE MATTERS OF THE COMPANIES ACT 50 AND IN THE MATTER OF LOTUSIAND TRADING PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being voluntarily wound-up, are required on or before 10th day of August 1994 to send in their
      253 words
    • 158 16 IN THE MATTERS OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LOTUSLAND TRADING PTE LTD (Incorporated in the Republic of Singapore) (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that pursuant to Subsection (1) of Section 290 of the Companies Act (Chapter 50) an Extraordinary General Meeting of
      158 words
    • 251 16 In the Matter of The Companies Act Cap 50 and In the Matter of SKIMMAC WAREHOUSING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Havelock Road, *0707 Apollo Centra, Singapore 0105 on Friday, the 6th day of
      251 words
    • 251 16 In the Matter of The Companies Act Cap SO and In the Matter of NEW ENG TOEN (PTE) LTO (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 2 Havelock Road, #0707 Apollo Centre. Singapore 0105 on Friday, the Bth day
      251 words

  • Executive Lifestyle
    • 1627 17  -  Schincller's Ark author Thomas Keneally talks to Bron Sibree about what draws him to certain characters and themes Thomas Keneally Bron Sibree I homos Keneally will he in Singapore to give a lecture at the Rallies Hotel on July IV. at the invitation of the National Hook
      1,627 words
    • STRAWS IN THE WIND
      • 33 17 SEEN on the door of a nunnery in Italy: "No entrance. Trespassers will he prosecuted. Entrance by appointment only." Go further down to another door and a sign says: "No appointments."
        33 words
      • 31 17 TALK about getting a little extra in your mail. One journalist opened an envelope and found not just the usual press release and photographs but someone's pay slip as well.
        31 words
      • 27 17 SOMEONE went into a big bookshop looking for The Agenda, Bob Woodward's book on President Bill Clinton. She finally found it in the fiction section.
        27 words
      • 43 17 THE Country Manna restaurant in Ear East Plaza seems to have pretty lively items on its menu. One salad for example, is described as a dish of "animated greens". Does this mean it only uses excited vegetables in its salads?
        43 words
      • 29 17 SEEN on a signboard at a swimming pool in Phuket: "Welcome to the OOL. u'll notice there is no P. so let's keep it that way." Huh?
        29 words
    • OPINIONS
      • 861 18  - Do it yourself or don't complain Kevin Sullivan finds the Asian media intellectually dishonest when it criticises Western reports Kevin Sullivan The writer, a journalist with the BT Foreign Desk, covered the Tiananmen Square incident for The Glasgow Herald THERH IS a bandwagon rolling across Asia. Those who climb aboard
        861 words
      • 506 18  -  Gopal Panicker says current dollar-bashing could mean a clobbering for all of us Gopal Panicker The writer is a journalist with BT's Foreign Fk'sk M ANN reasons are advanced for the decline of the dollar: the level of interest rates. the si/e of the US
        506 words
      • 789 18  -  Craig Copetas is perturbed by Boris Yeltsin's determination to fashion an identity with Yaraslov, the mediaeval Lenin Craig Copetas the writer, a Paris-based journalist, spent six years in Moscow as a news correspondent and is author of Bear Hunting with
        789 words
      • 966 18  -  Neville Stack says the Kevin Mitniks of the world could prove a terrible menace Neville Stack I'he writer s a political commentator based in London. He writes regularly for HI. AS the traffic builds up at lightning speed on the information super-highways, the crooks, the cranks
        966 words
    • VIEWPOINT
      • 2218 19  -  THE RAFFLES CONVERSATION Presidential Security Adviser Jose Almonte tells Margaret Thomas why he thinks that despite a missed opportunity in 1972, the Philippines can still catch up with the rest of Asia. And why he tells young military rebels to remain rebels Margaret Thomas ONCE
        Photo by Jose Reinares Jr  -  2,218 words
      • 827 19 YOU DON'T expect a retired general who is now the Presidential Security Adviser to tell a bunch of military rebels to hold fast to their ideals and remain a threat to the establishment. But that's what Jose T Almonte, who heads the National Security Council of
        827 words
      • 663 19 THE PHILIPPINES was a founder member of Asean, yet it has always seemed somewhat detached from the regional grouping. Why so? Gen Almonte offers this explanation: "Twenty-five years ago, when the Philippines was perceived as being ahead of everybody in the region, an Indonesian
        663 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 61 20 Figures denote number of respondents Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Crosby Securities, Daiwa Securities. DBS Asset Management. Kay Hian James Capel. Morgan Grenfell Asia. OCBC Investment Research. Ong Co. Phillip Securities, Smith
          61 words
        • 219 20 Ong Co (July N) D&C Bank. New holding company has more flexibility to enlarge earnings base and fund expansion. Benefits from Japanese/Taiwanese tie-up. Positive loan spread. Net earnings should grow 23.3 per cent in FY9S. Buy below M 55.50. OYL Industries. Aggressively expanding overseas base to defray higher local
          219 words
        • 102 20 Nomura Research Institute. Singapore (July 8) Golden Hope. Diversifying into one of the most focused plantation firms. Moving faster and further using its comparative advantages. Some ventures are already feeding bottomline. Its estates' value is beginning to show up with government land acquisitions. The market NAV is
          102 words
        • 148 20 G Asia Investment Research Market earnings growth was 28 per cent, and better than our estimate of 20 per cent due to a better than expected performance by the banking, building, transportation and finance and securities sectors. We have revised EPS growth for 1994 from
          Source: Bridge Info  -  148 words
        • 190 20  -  Patrick Russell Research director SG Warburg recent article highlighted a MaL laysian call for mandatory quarterly reporting of company results. Some Malaysian companies already do this, but the majority (and all Singapore companies) report twice annually. Should quarterly announcements be mandatory? In my opinion, the answer is
          190 words
      • 825 20  -  Joyce Quek speculates on how the new partnerships might affect YHS and Heshe Joyce Quek CHANGING partners was the theme of the hottest stock market topics this week but where will the partners take them? Property magnate Ng Teng Fong has elbowed his way on
        825 words
      • 681 20  -  Property owners can do this through mortgage refinancing. Shiv Taneja has the details Shiv Taneja Residential property prices rose an average of 36 per cent in Singapore last year, while the prices of landed property and swank condominiums went up even
        681 words
      • 707 20  -  But a two to three-year time frame gives a better assessment of a fund's performance. Elaine Koh reports Elaine Koh NO UNIT trust escaped a mauling between January and June but those with a regional exposure fared the worst, with falls of over 20
        707 words
      • 835 20 Next publication date: Aug 13, 1994 Launch I mth 3 mths 6 mths 1 yr 2 yrs 3 vrs Kmnkinii as at Jul) 4, IW Sintf]iD4>rt> Straits I imes 371 *15 *1*21*34*2* 48 3* r C* 28 07 6. -193 8 3 .1 5 -17 72
        835 words
      • 1004 21  -  STOCK By Claire Leow BANKERS and analysts arc hard put to coin a catchphrase for CAM Mechatronic Ltd, which is seeking a main board listing with its initial public offer. Is it a contract manufacturer? An electronics manufacturing firm? Disk drive parts supplier?
        Photo by Arthur Lee  -  1,004 words
      • 930 21  -  By Corinne Kerk INVESTING in an instant cot Tee company may not be everyone's cup of tea. but investor interest is certainly brewing over the recent initial public offer by homegrown Super Coffeemix Manufacturing. The company is enticing investors
        930 words
      • 531 21  -  Agnes Chen on the performance of UMBIM fund managers Agnes Chen THE HIGHER the returns, the greater the risk of not realising those returns. That old investment chestnut has rarely been challenged until the United Overseas Bank's asset management team came along. UMB
        Source: UMBIM  -  531 words
      • 654 21 FT Specialisation has become an increasingl\ notable feature of the investment trust industry. Perhaps because there are already plenty of general funds doing a perfectly good job. the only way that fund managers can entice investors into a new trust is by giving
        FT  -  654 words
      • 173 21  -  By Agnes Chen An investment trust is a company whose shares are traded on a stock exchange and whose business is to manage a pool of funds drawn from individual investors. The company makes money by buying and selling securities with the funds and the more
        173 words
    • 718 22  -  Cinema Review By JAIME EE fVHEN A Man Loves A Woman, life can be so cool. He treats her like a queen. He goes over their $20 anniversary gift budget and gives her something with real diamonds. When she's feeling blue, he whisks her ofT to Mexico on
      718 words
    • 657 22  -  By SUSAN TSANG MEET the Beatles: John Lennon, Paul McCartney, George Harrison, Stu SutclifTe and Pete Best. Hmm? Well, this was in 1960, before the Four got Fab. and before they even became Four. In those teenage days, the band could afford to carry a pal who couldn't
      657 words
    • 972 22  -  Goh Beng Choo reviews an exhibition that promises to jolt popular preconceptions about < Chinese ink paintings Goh Beng Choo The writer is a freelance journalist who contributed this article to Executive Lifestyle WHEN YOU visit the exhibition Ten Chinese Ink Painters, try to go
      972 words
    • 712 22  -  Tired of large and impersonal hotels, Harish Mehta tries out three of London's small old-world townhouse hotels Harish Mehta ON OUR first morning in the Dukes Hotel, tucked away in a quiet corner of St James' Place in London, we were shaken out of our
      712 words
    • 797 23  -  Book Review By SUSAN SZARKOWITZ Asia Pacific Its Role in the New World Disorder B> M S Dobbs-Higginson Mandarin 496 pages. 515.35 (C»SI included) WHILE the title of this hook would lead you to believe that you've come across a new historian-cum-futurist. Asia Pacific Its Role
      797 words
    • SPORTS
      • 701 24 World Cup Quarterfinals DALLAS, Texas Twenty years after being beaten 2-0 by Holland in a World Cup finals match, Brazil finally get a chance for revenge when the two sides meet in the quarterfinals here tomorrow. In 1974, the Dutch
        Reuter  -  701 words
      • 702 24 NYT MARTINSVILLE. New Jersey To a devoted soccer fan. nothing is more precious than the jersey of an international player, especially if that player is the captain of a national team and is considered the best in the world. Roberto Baggio
        NYT  -  702 words
      • 554 24 Golf Reuter TURNBERRY. Scotland The British Open returns next week to the Turnberry course which provided the most exciting finish in the 122-year history of the championship. For sheer drama, the epic 1977 shootout between Tom Watson and
        Reuter  -  554 words
      • 275 24 Reuter HONGKONG Representatives of six Asian professional golfers* associations meet here today to set the seal on the creation of an Asian PGA and its own tour, a top Asian player involved in the new body said yesterday. Details of the number
        Reuter  -  275 words
      • 446 24 AFP DUNEDIN, New Zealand Earth tremors regularly rock New Zealand's South Island, but a shock of truly seismic proportions is expected here today when South African rugby's Springboks and the All Blacks clash in the first Test. With the All Blacks still
        AFP  -  446 words
      • 57 24 AFP CHICAGO Spanish actor Placido Domingo, who was recently named artistic director of the Washington Opera, gesturing in front of Fran/ Beckcnbauer. former coach of the German soccer team prior to a German broadcast in Oak Brook outside Chicago. Domingo was to perform in
        AFP  -  57 words
      • SPORT SHORTS
        • Article, Illustration
          130 24 AFP CINCINNATI, Ohio The Sixth US Circuit Court of Appeals rejected a hearing request from sprinter Butch Reynolds, who wanted his lawsuit against the International Amateur Athletic Federation (lAAF) to be reconsidered. Reynolds, the 400 m world record holder, sued the lAAF for U5527.3 million (5541.5 million) after being
          AFP  -  130 words
        • Article, Illustration
          67 24 NEW YORK Major League I hursdav American: NY 5 California 2; Detroit 5 Chicago 9; Minnesota 3 Toronto 4: Boston 3 Seattle 4 (in 10): Baltimore 4 Oakland 6: Kansas City 8 Milwaukee 3: Texas 6 Cleveland 4. National: SF 5 Philadelphia 4: Cincinnati 8 Pittsburgh 7 (in 11):
          67 words
        • Article, Illustration
          229 24 AFP AFP BIRMINGHAM. Vlabama Former NBA star Michael Jordan, shrugged off his sluggish showing in minor-league baseball and vowed: "I will not crawl back to basketball." Jordan's batting average stands at .193 after a hitless performance by the Birmingham Barons' outfielder, who said of his NBA glories. "I've lived
          AFP  -  229 words
        • Article, Illustration
          263 24 AFP LONDON Australia's world number one Greg Norman is outright favourite to repeat his 1986 Furnberry triumph at next week's Open Championship. Bookmakers Ladbrokes quote Norman, who won Ihe Open for the second time at Sandwich last year, at 7-1. Britain's Nick Faldo. looking for his fourth win in
          AFP  -  263 words
        • Article, Illustration
          170 24 Reuter SILVKRSIONK, Enjjland Damon Hill chases his first win on home soil on Sunday in a race he desperately needs to win if he is to stay in the hunt for the hormula One drivers" championship Hill trails runawav leader Michael Schumacher by 37 points at the halfwav stage
          Reuter  -  170 words
        • Article, Illustration
          147 24 Reuter SKAITI.fc Nike Inc chairman Philip knight said Viacom Inc's Madison Square Garden property "might be of interest", but he declined comment on rumours the footwear marketer has bid on the sports arena. He said in a conference call with analysts that Nike has the capacity for a "fairlv
          Reuter  -  147 words
    • TIME OFF
      • 155 25 Knuckle Gregory Nash, a dancer and choreographer from Britain, will put up this solo performance, which will be followed by a discussion on dance and the performance. Lotiav. Spot at the Mack lio\. Lort Canning C entre. Pickets at $10 available from the lilack lio\. Hotline 33X-f) 7 35.
        155 words
      • 169 25 Noye's Fludde Benjamin Britten's setting ot the Chester Miracle Play is probably one of the most popular and beloved children's operas ever written. Based on the story of Noah's Ark. it was written specially for the young but became an extravaganza for all ages. Poduy: Spin: tomorrow: spm: I
        169 words
      • 743 25 The 1994 British Film Festival Some of the finer films to come out of the country that gave us the Beatles. Wimbledon, cricket and the Royal family scandals. The festival will be held over a 10-day period that includes a Hammer Horror retrospective, a Mike Leigh (\aked) TV package
        743 words
      • Article, Illustration
        595 25 A Diary of Mind This exhibition features recent drawings and paintings by Nanyang Academy of l ine Arts graduates Vlohd kamal bin lX>llah and Oscar Ng. Last day today. l >pm to Spot, every day except Sundays, at the \ational Library. Alamkara: 5000 Years of India 1 his exhibition
        595 words
      • 156 25 Parenting the Gifted Child Organised b> Mensa and the Association of Gifted Children, this talk will focus on how to help the child grow and learn and how parents can cope with the child's progress. Together with his wife. Dr William Mo will share his experiences and concepts on
        156 words
      • 534 25 Theatre Work's Auditions A reminder for all those who have already signed up for Theatre Works* production to be staged some time in August. Entitled The Desire Of LoukinK. Three I liouKhls and More, it w ill be based on Anton Chekov's ihree Sisters and Simon Tay's book Stand
        534 words
      • 588 25 Departures A mixed media exhibition by Zai kuning. Lee Worn and koh Nguang How on the common theme of "Self as Subject". I'lll July 17. I lam to Vpm daily al the (iallery. Scuse Me Why I Kiss the Sky Despite its title, it's got nothing to
        588 words
      • 135 25  -  Compiled b> Christopher Toh Sisth outlets are at Forum (Jul leriu. l.iani; Court. Rattles Cil\ Scotts. Specialists' Centre, Fakas/t imaya. Cold Storage at Jeltta. Promenade and World trade Centre, and at the Indoor Stadi urn. Hotline: 34N-5555. FicketCharge outlets are at Metio stores. Wisma Atria. C entrejxnnt and ianus.
        135 words
    • PEOPLE
      • 170 25 KLPI'LL Bank officially opened its Beijing representative office on June 17. A ceremony was held at its office at Landmark Building in North Dongshanhuan Road followed b\ a cocktail reception at the Cirand Ballroom of China World Hotel. The evening cocktail-cum-dinner was attended by 350
        170 words
    • EPICURE
      • 746 26  -  Bon Appetit By JAIME EE QUESTION: How do you give extra kick to the fine but slightly tired menu of a French restaurant in Singapore? Answer: Take one talented Chinese chef. Throw in a good-sized German food and beverage director. Add some sliced red bell peppers.
        746 words
      • 686 26  -  By JAIME EE WHENEVER a new restaurant opens, the scenario is pretty much the same the enthusiasm is high and the food somewhat inconsistent. Such was the case at the new Smiling Orchid restaurant in Boon Tat Street. After more than a decade of selling pineapple
        686 words
      • 762 26  -  Wine By N K YONG TO MEET Armin Dicl, one of the Nahe's finest growers, is to experience something of a culture shock. Wise-cracking, joking and punning non-stop (in perfect English) on his surname, Diel is also one of his country's most famous food and wine
        762 words
    • Article, Illustration
      1027 28 Against The Wall. Re-enactment of the events that led to riots in Attica prison in 1971. R(A). Lido: 11.15; 1.45; 6.45; V 15. Prince: 11: I JO: 4: 6.45; 9.15. Chinatown II: 1.30; 4: 6.45: V. Airborne. Teen movie about rollerblading in Cincinnati. Yishun: 1.15: 7.25. Autumn Moon. Japanese
      1,027 words
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  • Page 18 Miscellaneous
    • 47 18 HKT... BR,eF-CAS&...UMBReu.n fcP\INGOP\T..... NEWSPAPERS LTO IM2-IM4 <5225 DOONESBURY GARRY TRUDEAU BOY, THAT JWMORBCOMMBm RSQUBST NO, NO, I'LL MTN&Z mr MR. FROMYCU.ANPYOU ROG6R, YOUR MHAT FfRM&VON &<*&[[* WU£LL! HONOR! CJMBH- UHI&MHOKim UJtLCO, HONOR* NOUJ 7 TO6&TAN JUSTB A I'MQUrTB "v™- piSH! PKMBSePFROHTHB YOUR ASHTRAY' U)NGC¥}Y„ AMA2EZ j STMTCL£AR' HONOR
      47 words





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    • 30 23 ifc v /)de t I I open tuesdny Sunday Bpm 3am affiliated with velvet underground london zouk club velvet underground 17 jiek kim street Singapore 03 16 telephone 738 2988
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    • 53 24 ADVERTISEMENT RiKmessllnies/KENWOOD GOLFING TIPS By BRETT BRASIER PROFESSIONAL GOLFER Fully Oualifl«J MwnDw 0« 5P G A.s Dip m Goll Man*g«ni«m A common question asked by golfers is "How far should jMmWk I lift my left heel on the backswing?" Well, the simple answer is "As far as p necessary"...concentrate on
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    • 25 25 Water-resistant to sTmctres. where time i s creation Available in (ieiit^anj' Ladies jL\ SOLE AGENT: CRYSTAL TIME |S) PTE LTD Raymond Weil Showroom and Serv
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    • 31 26 SELUNG POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. Singapore rr\ Business Times WE KNOW ASIA
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    • 1492 27 Nothing Beats A Bud. where to wine, dine and entertain KING OK Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. Hi-Tea *$11.50
      1,492 words

  • Page 28 Miscellaneous
    • 2550 28 TODAY'S TV Hnn st«a_ CS jS BmAMK Hanging by a Thread. U 10.00 Good Morning Malaysia. The American Clock, 2pm, SBC 5 Hollywood Stuntmakers. 4pm, b.OO f j. 0« Kan»K. An exploration ot American a beauty consultant ad- A 12.15 PM Kelab Remaja Angkasociety in the '30s as seen A
      2,550 words