The Business Times, 6 August 1994
1994-08-06
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The Business Times
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Title Section13 1994-08-06 1 Business Times MITA(P) 010/12/93 Weekend Edition, August 6-7 1994 WE KNOW ASIA 75*13 words
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661 1994-08-06 1 Lee Han Shih - By Lee Han Shih SINGAPORE Breaking its silence at last, listed softdrink maker Yeo Hiap Seng Ltd (YHS) yesterday confirmed persistent rumours that it was putting up for sale its loss-making American subsidiary, Chun King. In a letter to661 words
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428 1994-08-06 1 Genevieve Cua - No outright clampdown on callback services By Genevieve Cua JAKARTA The Singapore government is taking a "procompetition" stance in the telecommunications sector and will not clamp down on "callback" and calling card services so long as these are not advertised and promoted to the428 words
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241 1994-08-06 1 AFP, Reuter SHANGHAI In a spectacular turnaround that shattered every record on Shanghai's roller-coaster stock market, investors yesterday unleashed another buying wave that sent the index soaring 127.80 points to close the week at 700.57, more than double its opening value.AFP,; Reuter - 241 words
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2am LATEST
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Article41 1994-08-06 1 AFP GENEVA The United States and North Korea resumed high-level talks yesterday on the nuclear dispute, but said they could report no progress after nearly eight hours of discussions. Talks will resume on Monday. AFPAFP - 41 words
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64 1994-08-06 1 Reuter LONDON Oil prices fell sharply yesterday on reports that Nigeria's federal High Court ordered the release on bail of Moshood Abiola, the jailed opposition leader whose detention sparked off strikes by the country's oil workers. But Mr Abiola's spokesman said heReuter - 64 words
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447 1994-08-06 1 Genevieve Cua - From Genevieve Cua in JAKARTA SINGAPORE Telecom and Singapore Technologies Ventures (STV) yesterday signed an agreement to study the feasibility of a US$BOO million (S$ 1.2 billion) regional satellite system for the Asia-Pacific region, along with American and Indonesian partners. A memorandum447 words
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134 1994-08-06 1 Reuter NEW YORK Wall Street stocks fell yesterday after an upbeat jobs report sparked a jump in long-term bond interest rates. At 1 pm EDT, in the broader market, declining issues led advances 13-6 on New York Stock Exchange volumeReuter - 134 words
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Article162 1994-08-06 1 Stock Market indict* Friday Chance STII 2,273.12 +1.95 K.LSE Comp 1,089.15 +2.35 Nikkei 20,521.70 -155.14 Hang Seng 9,602.21 -40.64 SET Index 1,418.60 +1.89 Jakarta Comp 472.80 +4.07 CLSA China B ....1,086.89 +24.01 Aust All Ord 2,091.9 8.4 FTSE 100 3,167.5 +17.0 Friday Preriow 2pm dose Dow Jones 3,745.72162 words
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Page 1 Advertisements
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Advertisement277 1994-08-06 1 Sporting goods business: el i Battling for your dollar `[:`+<+,>`}$|!><[:~~%`%:!|*_;', HMMW it. n Tan Chin Nam to be new chief executive of Tourist Promotion Board Page 2 Corporate results: OCBC, UOB, SSE, Sembawang Maritime Full reports, Page 6 BUSINESS TIMES LKSTTLE EXCLUSIVE C^§/4vS^O A BT promotion to match your executive277 words
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Advertisement25 1994-08-06 1 Hock Lock Siew: pg 6 Lt Time for SBS to go regmdal China share investors must take a long view, Page EL4 111 8 **********116225 words
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Advertisement336 1994-08-06 1 Art: el 6,7 South Sea canvases (_-<"|}_@^[[,-|?<@~>(,=.;@"[^!( US unemployment rate up 6.lpc, Page 4 One of the great designs of this century And probably the next. i T^RRs 7fe* Royal Oak, band-made and individually numbered with ultra thin quartz movement, water-resistant to 5 tf/m &4 567 75 789 The Royal336 words
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Advertisement36 1994-08-06 1 Not* CmotmOT* Sport News 2 Sport-NT si 6,7 Repot* Mm 3.4 Fnancal 10 ftaU 4.5 JU OIMLX. StS 1416 ft a 4.5 fcronal 12 Hevwws EL6.7 Worid 12 Sports CLB Currencies 10 TV/to* £112 Smen/Commo 1136 words
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SINGAPORE NEWS
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485 1994-08-06 2 Abdul Hadhi - By Abdul Hadhi WORE than 14,500 new private dwellings will be developed in the Bukit TimahHoltand Road area in the next few years, according to figures released yesterday by the Urban Redevelopment Authority (URA). The 14,551 units comprise 3,953485 words
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287 1994-08-06 2 Paul Leo - By Paul Leo FROM trading in financial futures in Singapore to building something concrete in Cambodia that's what three Singaporeans have achieved. Their pride is a US$5O million hotel (Ss7s million), office and shopping complex being built in the heart of Phnom Penh,287 words
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278 1994-08-06 2 ECON PROPERTIES yesterday said it will rectify any defects that are reported by house buyers at two residential projects on the Riau island of Batam. The projects are Rosedalc and Citra Batam, which comprise 682 semi-detached houses and bungalows priced at between278 words
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Article, Illustration325 1994-08-06 2 British Adventure blaze JURONG Shipyard may have contravened a section of the Factories Act by failing to adequately separate hot welding work from a flammable oil, says a committee of inquiry into a fire on board the tanker British Adventure last February. The325 words
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Article, Illustration449 1994-08-06 2 Lim Swee Say takes over as EDB managing director ECONOMIC Development Board managing direetor Tan Chin Nam is making the leap from promoting Singapore as an investment site to marketing the eountry as a tourist playground. From next month, Mr Tan449 words
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430 1994-08-06 2 A J Leow - By A J Leow SUNTEC City Developments has applied for permission from building authorities to sell strata-titled office space at its Suntec City project, industry sources say. The space for sale, about 970,000 sq ft, will be in two 45-storey tower430 words
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Page 2 Advertisements
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Advertisement1085 1994-08-06 2 BUSINE SS TOLL-FREE TEL. No. t-000-741-1883 FAX:74I-1298 SEMBAWANG CORPORATION LIMITED (Incorporated in tw Reputtic of Singapore) Ssso millon 1.25 per cent Unsecured Loan Slock 1989/1994 ("Loan Stock") with Warrants to subscribe for shares in Sembawang Corporation Ltd. Redemption Date: 7 September 1994 NOTICE IS HEREBY GIVEN fiat the Loan Slock1,085 words
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Page 2 Miscellaneous
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Miscellaneous458 1994-08-06 2 1 WEATHER I Singapore: Slightly hazy with showers over a few areas in the late mommgand early afternoon. (Temperature range: 25-33) Pi. ifti Nt/La* Cm! iarapa 18/ la* Caad. Am l?£J? j* jr 17/10 »/!9 gear Cr-cago 31/21 cS S£ZZ— ~3vS EES... Bom 29/19 Cloud* Las Vegas 32/27 ClouO, 55)S458 words
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THE REGION
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337 1994-08-06 3 Al Labita - From Al Labita in MANILA PHILIPPINE President Fidel Ramos starts a three-day visit to Brunei today aimed at forging stronger trade ties. High on his agenda is the signing of US$4.O5 billion (556.11 billion) worth of joint ventures in areas337 words
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272 1994-08-06 3 Bloomberg Business News BEIJING Leading Chinese economists predict that the country's retail prices will rise 18.8 per cent this year compared to 1993, one percentage point below the rate recorded for the first six months of 1994, the official China Securities newspaper said yesterday.Bloomberg Business News - 272 words
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431 1994-08-06 3 Peter Osborne - By Peter Osborne SINGAPORE Australia risks losing out to Singapore and Malaysia in the fight for foreign investment because its tax concessions are not good enough to encourage companies to set up regional headquarters (RHQs) there, says431 words
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NOTE BOOK
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84 1994-08-06 3 Knight-Ridder HONGKONG The Jan 1 unification of China's dual currency system has improved access to foreign exchange for Chinese firms, helping to stimulate direct overseas investment, the Beijingbacked Ta Kung Pao said yesterday. Investment overseas by Chinese companies over the past 15 years had risen toKnight-Ridder - 84 words
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Article, Illustration48 1994-08-06 3 AFP KOBE, Japan Policemen investigating the scene of a robbeiy here yesterday after two armed men attacked a bank vehicle in the parking lot of Fukutoku Bank Ltd and made off with a record 541 million yen (SSB.I million) in cash. AFPAFP - 48 words
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Article66 1994-08-06 3 Bloomberg Business News HONGKONG The Hongkong government said yesterday that it will pay a one-time allowance to Vietnamese emigrants who volunteer to return to Vietnam before the end of the year. The special allowance of US$l5O per person applies to all Vietnamese who arrived inBloomberg Business News - 66 words
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Article72 1994-08-06 3 Reuter HONGKONG Cathay Pacific Airways said yesterday that nearly all its protesting pilots have accepted company contracts, averting the prospect of a strike. "We now have received 1,050 new conditions of service from individual members of the air crew out of a total of 1,150 airReuter - 72 words
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78 1994-08-06 3 Bloomberg Business News BEIJING China wants foreign governments to earmark more of their loans for the county's industries rather than for public works or environmental projects, the official China Daily reported yesterday. The newspaper said limits imposed by foreign governments have hindered China's abilityBloomberg Business News - 78 words
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Article55 1994-08-06 3 AP BANGKOK The qlleged leader of last month's failed coup attempt in Cambodia is in Thailand en route from his temporary haven in Malaysia to what may be an extended exile in France, a Thai official said yesterday. Prince Norodom Chakrapong arrived in Bangkok on Thursday, theAP - 55 words
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382 1994-08-06 3 AFP JAKARTA Nearly three decades after Indonesia banned the use of Chinese characters in public, the government has announced that it will allow hotels and travel bureaus to publish brochures in Chinese in the hope of cashing in onAFP - 382 words
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149 1994-08-06 3 Reuter, AFP BEIJING US-based Lin Tung-Yen China Inc will invest 1.3 billion yuan (*****.4 million) to build a 16-kilo-metre expressway between Beijing and neighbouring Tongxian County and operate it for 20 years, the China Daily said yesterday. The contractor will transfer ownershipReuter,; AFP - 149 words
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Article, Illustration458 1994-08-06 3 Ho Kay Tat - Mahathir says group exploiting religion to amass wealth From Ho Kay Tat in KUALA LUMPUR THE Al-Arqam missionary movement, banned by Malaysia yesterday for deviationist Islamic practices, was also exploiting the religion to amass wealth through its vast business empire. Prime Minister Mahathir Mohamad said. "They playAFP - 458 words
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81 1994-08-06 3 SINGAPORE The Islamic Religious Council (Muis) said yesterday it has barred Muslims here from joining the AlArqam, an Islamic sect which has been banned in Malaysia. The council also told Muslims not to practise the sect's teachings. Muis officials held meetings with about81 words
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Article, Illustration536 1994-08-06 3 Reuter NEW DELHI India's ruling Congress Party, reeling under an opposition campaign over the nation's worst financial scandal, is also facing an internal revolt on the issue, politicians said yesterday. They said Congress deputies, regarded as "Sonia loyalists" because of theirReuter - 536 words
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321 1994-08-06 3 Florence Chong - From Florence Chong in SYDNEY INDONESIA and Australia are working closely to identify different industry sectors where the private sectors of the two countries can cooperate. Two working groups have drawn up recommendation* to be presented to their ministers when they meet in Canberra321 words
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195 1994-08-06 3 Reuter KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad said Australia's criticism of Malaysian logging in the South Pacific showed Australians "think those territories are theirs", the Malaysian Business Times newspaper reported. Australian Prime Minister Paul Keating said on Tuesday Malaysian and other AsianReuter - 195 words
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Page 3 Advertisements
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Advertisement12 1994-08-06 3 Another KJL-Canberra spat in the offing over the South Pacific? Pg EL212 words
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THE REGION /WORLD
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489 1994-08-06 4 Bloomberg Business News Reuter, WASHINGTON The US unemployment rate edged up to 6.1 per cent in July, the government said yesterday, while the rate of job creation slowed from the previous month's sizzling pace. The Labour Department said 259,000 jobsBloomberg Business News; Reuter, - 489 words
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482 1994-08-06 4 Bloomberg Business News HONGKONG When Hongkong's new China enterprise index starts up on Monday, it could open a whole new worid of derivatives on stateowned Chinese enterprises. HSI Services Limited, which already publishes the benchmark Hang Seng Index of 33Bloomberg Business News - 482 words
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Article, Illustration63 1994-08-06 4 AFP PARIS Sweltering tourists and locals find welcome relief from a heat wave scorching Paris by cooling off in these public fountains. Scores of people peeled off and made a splash in the fountains in France's capital this week. Much of western EuropeAFP - 63 words
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287 1994-08-06 4 Knight-Ridder LONDON The UK's ailing Conservative Party is not concerned about an opinion poll released yesterday showing the opposition Labour Party overwhelming favourites with voters, says Tony Nelson, economic secretary to the Treasury. The Conservatives will win the next general election, heKnight-Ridder - 287 words
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Article1412 1994-08-06 4 a& nm n» nm no Nm Oiwfcl GA976 0010 <■— RJ187 0100 jywitfd— SQ25 0630 KL838 2300 KL837 1450 SQ324 2345 tacUMNl NZ21 1735 BA11 1505 SQ286 2040 NZ22 1850 ■atrati GF148 0905 GF147 0500 BMhfmi Bt421 1105 SQ182 0915 SQ181 1410 6t422 1210 Bt429 20301,412 words
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378 1994-08-06 4 Reuter TOKYO Japan's giant current account surplus rose 2.2 per cent to a record U5568.78 billion (S$ 103.86 billion) in the first half of 1994, but economists say the surplus is on a downward trend in volume and yenReuter - 378 words
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285 1994-08-06 4 Reuter BRUSSELS Nato warplanes bombed Serb targets in Bosnia yesterday after the Serbs defied the United Nations by snatching heavy weapons, including a tank, from a UN depot near Sarajevo. In Washington, Pentagon sources told Cable News Network (CNN) that French and DutchReuter - 285 words
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530 1994-08-06 4 NYT, Reuter FRANKFURT Economic statistics released on Thursday confirmed recent evidence that the German economy had taken a turn for the better but fell short of showing that the country's labour troubles had ended, economists said. The government saidNYT,; Reuter - 530 words
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Page 4 Advertisements
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Advertisement13 1994-08-06 4 •HK counters line up to replace Jardines on Hang Seng Index, Pg 813 words
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Advertisement49 1994-08-06 4 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.49 words
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THE WORLD
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WORLD WATCH
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99 1994-08-06 5 AP KIBBUTZ EI LOT, Israel Israel and Jordan plan to link their telephone systems by next week, Israeli officials said yesterday. The connection is expected to be ready in time for US Secretary of State Warren Christopher to make the first call on MondayAP - 99 words
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Article, Illustration63 1994-08-06 5 Reuter PENZANCE, England Crew members of the Silver Harvester unloading their damaged nets after arriving at the harbour here in the early hours of yesterday. The trawler returned to port after its nets were damaged by Spanish fishing vessels in the Bay of Biscay inReuter - 63 words
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84 1994-08-06 5 AP MOSCOW Foreigners invested US$27B million (Ss4l7 million) in Russia in the first half of this year, far less than they did last year, according to official figures reported yesterday by the Itar-Tass news agency. The figures cast doubt on recent claims of an explosionAP - 84 words
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Article94 1994-08-06 5 AFP BRUSSELS Industrial production in the European Union rose 4 per cent in May, compared to the same month last year, but employment was down 5 per cent over the same period, according to Eurostat statistics released here yesterday. Over the period from March toAFP - 94 words
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72 1994-08-06 5 Bloomberg Business News LONDON With Britain's current season for package holiday operators going well, a price war among travel agents may be largely a publicity stunt, the Financial Times' Lex comment column said. Unsold holiday packages for this year are relatively low butBloomberg Business News - 72 words
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Article63 1994-08-06 5 FT MEXICO CITY Mexico's economy will probably expand by between 2 and 3 per cent this year, without any additional government measures to stimulate growth, according to Finance Minister Pedro Aspe. "The economy is moving," he said in an interview on Wednesday. "It really wantsFT - 63 words
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385 1994-08-06 5 Reuter LONDON British industrial output rose modestly in June, data released yesterday show, but a surprise fall in manufacturing dampened concern in financial markets that interest rates might rise soon. Figures from the Central Statistical Office show that industrialReuter - 385 words
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461 1994-08-06 5 Reuter JOHANNESBURG The business mood in South Africa was at its brightest for more than six years in July, but the economy is unlikely to grow as much in 1994 as earlier hoped, the country's biggest employer body saidReuter - 461 words
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388 1994-08-06 5 AP WASHINGTON Defence Secretary William J Perry warned on Thursday that the Pentagon would have to curtail training exercises, delay aircraft and ship maintenance, stop purchases of repair parts and make other cutbacks if Congress fails to act soon on funding requestsAP - 388 words
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541 1994-08-06 5 Los Angeles TimesWashington Post WASHINGTON Members of both major parties called for Deputy Treasury Secretary Roger Altman's resignation on Thursday as evidence mounted that he did not tell the full truth when he testified before the Senate Banking Committee onLos Angeles Times- Washington Post - 541 words
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Article, Illustration471 1994-08-06 5 Reuter, AP MOSCOW The head of Russia's controversial MMM investment fund was in custody yesterday as authorities signalled their determination to bring the scandal engulfing the group to a head. Masked tax police, armed and wearing camouflage gear and black balaclava helmets, ledReuter,; AP; AFP - 471 words
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361 1994-08-06 5 Los Angeles Times, NYT WASHINGTON President Bill Clinton took to the airwaves on Thursday with paid advertisements and members of his Cabinet hit the road with news interviews as the administration began an all-out effort to lobby for passage of health reform.Los Angeles Times,; NYT - 361 words
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Page 5 Advertisements
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Advertisement120 1994-08-06 5 WESSSSBSBSSSSSttM Busy working adults and students who want to speak, read and write quickly, easily and effectively. Developed by Harvard University based on concept of learning ■^lv% languages through pictures. .""li—ess. IT^H r.- rr JHtTj *•»*s, Call Tel: *****54/*****36 or page: *****49 (Daily: 9am to 9pm) Cut along here I120 words
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COMPANIES & MARKETS
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499 1994-08-06 6 Quak Hiang Whai - Singapore banks' interim results Rv Quak Hiang Whai SINGAPORE United Overseas Bank (UOB) yesterday reported a 33.6 per cent jump in interim group net earnings to $282.5 million, up from $211.5 million last year. For the six months ended June499 words
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423 1994-08-06 6 Abdul Hadhi - By Abdul Hadhi SINGAPORE Construction company Koh Brothers launched an initial public offer of 83 million shares yesterday at a fixed price of 68 cents each. The shares, to be listed on the main board, comprise 50 million new ordinary shares423 words
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295 1994-08-06 6 SINGAPORE Sembawang Maritime Ltd has reported an 11 per cent drop in interim net earnings, but analysts expect a better second half. After-tax profit for the six months to June 30 was $9.36 million, compared with $10.47 million in the first half295 words
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Article, Illustration431 1994-08-06 6 Shiv Taneja - By Shiv Taneja SINGAPORE An extraordinary profit of $31 million from the sale of Singapore Press Holdings shares boosted the net attributable profit of OCBC Bank by 45.3 per cent to $261.57 million for the first six months of 1994. Announcing its431 words
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367 1994-08-06 6 Elaine Koh - By Elaine Koh SINGAPORE Better margins from higher value-added jobs allowed Singapore Shipbuilding and Engineering (SSE) to report a 9 per cent rise in net profit to $12.22 million despite a 41 per cent drop in turnover to $63.26 million at367 words
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EYE on your STOCKS
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Article20 1994-08-06 6 For next week s expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)20 words
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Article, Illustration136 1994-08-06 6 Paul Leo - By Paul Leo Bandar Raya had attracted some strong buying interest lately, putting on another 14 cents at $2.74 yesterday. Volumes remained brisk. The stock has broken out of major resistance at 52.40 and will trade within a new band between $2.40 and $2.90. Daily MACD and RSI136 words
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298 1994-08-06 6 SINGAPORE Singapore Airlines is scheduled to receive the first of five 8747-400 freighters today. The "Mega Ark", as it is called by SIA, will begin operations on Aug 12 initially serving Sydney, Auckland, Seoul, Taipei and Los Angeles. Other cities will be298 words
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161 1994-08-06 6 MBT KUALA LUMPUR Dunlop Estates Bhd has disclosed a 14 per cent fall in group pretax profit to M$ 149.64 million (5587.5 million) for the first six months ended June 30, 1994. The group pre-tax operating profit amounted to M$MBT - 161 words
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Article, Illustration830 1994-08-06 6 Ramesh Divyanathan - HOCK By Ramesh Divyanathan SINGAPORE It doesn't take a financial guru to see the profit limitations of Singapore Bus Service's essentially domestic business. Yet, the blue-chip company hasn't done much to diversify and go regional. Part of the reason could be the830 words
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SHIPS IN PORT
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Article425 1994-08-06 8 VmmI V«t N> Bariti Viwal 0«partur« Had *»y Mi Birth tafrd frpirtw l„ r r n„t Taokn 104 P01 alongadt 0/ 08/0600 N13S 19 atontade 06.08/2300 M 06/94 P04 0608/1930 0708/0600 Dau SoM 1 6 alongade 0608/1100 AungOwkha 4/94 P01A 0608/1200 0608/1900 061 ]i atotvade 06.08/0600 Batam425 words
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Article1687 1994-08-06 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING Of EXPORT FCL CONTAINERS AND ICt CAR60 Record Bookint/BaJance Kifts SNp Voy No Etb/Btr Period From To Front V, ad, 198* 07/0500 IB 05/1500 05/1659 06/1*10 Q6/0/00 06/1159 06/1400 tqntm WHO 10-94W 06/1500 1* 05/1500 05/1659 (ft/1100 M tea1,687 words
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COMPANIES
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391 1994-08-06 7 Ho Kay Tat - From Ho Kay Tat In KUALA LUMPUR POWER producer Tenaga Nasional and mobile phone operator Celcom hope to decide soon who will take the majority stake in a multi-million-ringgit venture to lay fibre optic cables along Tenaga power lines throughout391 words
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164 1994-08-06 7 Bernama KUALA LUMPUR Granite Industries Bhd's group operating losses were reduced to M 52.905 million (SSI.7 million) for the year ended Dec 31, 1993 from M 53.167 million in losses the previous year. Releasing its audited results yesterday, Granite said turnover fell 29 perBernama - 164 words
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207 1994-08-06 7 MBT KUALA LUMPUR ArabMalaysian Finance Bhd (AMFB), which is in the process of upgrading its computerisation network, is confident of maintaining its performance and that of its subsidiaries. Reviewing the performance of companies under the AMFB stable, deputy chairman Azlan Hashim explained that the subsidiariesMBT - 207 words
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139 1994-08-06 7 Reuter JAKARTA Indonesia's Humpuss group, headed by President Suharto's third son, Hutomo Mandala Putra, has awarded Lurgi AG of Germany a contract to construct a US$33O million (Ss49B million) methanol plant in Bon tang. East Kalimantan. Abdul Wahab, who heads the Humpuss subsidiaryReuter - 139 words
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267 1994-08-06 7 MBT KUALA LUMPUR Public Bank Bhd has turned in an impressive 57.1 per cent rise in its pre-tax profit for the half year ended June 30. 1994, to M 5246.7 million (*****.1 million) from MS 157.04 million before. This was achieved on theMBT - 267 words
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221 1994-08-06 7 The Star KUALA LUMPUR Pilecon Engineering Bhd has proposed taking up a 20 per cent stake in a consortium bidding for the Ms 3 billion (551.76 billion) project to build the main terminal building and contact pier for the international airportThe Star - 221 words
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Article1075 1994-08-06 7 Mwigin' prfcl Ain6A8 Mcndak. Gr Fund 1.19 I 22a Singapore Unit Trust us Gr Fund .00 .<*♦ The Commerce 1.6) 1.75 UMB Invtit Mgl Ltd The Savings Fund I.S7 166 Unifund I 50 I.S6 S pore Prog Fund 0.70 0.74 Umbond 1.035 1.060 S'pore Sec Fund 1.02 I 08*d United1,075 words
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COMPANY BRIEFS
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71 1994-08-06 7 SINGAPORE Sembawang Coip said yesterday its Warrants 94 would expire on Sep 7, and advised holders that the last day of trading would be Friday, Aug 26. Trading will be suspended from the following Monday, Aug 29. Sembawang added that its unsecured loan stock 1989-9471 words
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Article72 1994-08-06 7 SINGAPORE Chuan Hup Holdings said yesterday its paid-up capital had risen to $231.4 million after the conversion of 76.64 million of 77.28 million transferable subscription rights to new shares. The TSRs, issued in 1989 with floating rate notes, expired on July 29. The rest were72 words
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58 1994-08-06 7 SINGAPORE The Stock Exchange of Singapore has approved in principle a plan by Jurong Engineering to start a share option scheme for managers and executive directors. The company will hold an extraordinary general meeting to seek shareholders' approval. It also said yesterday that58 words
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Article22 1994-08-06 7 SINGAPORE Pacific Can Investment Holdings said yesterday that Sim Kim Huan had resigned as a director, from Thursday.22 words
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92 1994-08-06 7 AFP KUALA LUMPUR Top executives of Malaysian-based Kumpulan Emas Bhd were due to leave on Thursday for Solomons Islands to negotiate with its government over the threatened suspension of the company's logging operations. Kumpulan Emas was given a week to show cause whyAFP - 92 words
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Article132 1994-08-06 7 Bernama KUALA LUMPUR The Ayer Hitam Planting Syndicate Bhd has returned to the black with a group pre-tax profit of MS 115,000 (5566,700) for the year ended March 31, 1994, from M 560.000 losses a year ago. AHP said yesterday that turnover slipped 6Bernama - 132 words
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176 1994-08-06 7 AFP MANILA Isla Communications (Islacom), an affiliate of Shinawatra International of Thailand, has launched a US$l.3 billion (SSI.9 billion) telecommunications project for central Philippines. At a press briefing yesterday, Islacom unveiled plans to install 605,000 telephone lines in the region by 2004. It saidAFP - 176 words
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COMPANY BRIEFS
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106 1994-08-06 8 Bloomberg Business News NEW YORK Coca-Cola, the name of soft drinks that made Coca-Cola Co a household name, was valued at US$36 billion (Sss4 billion) and as the world's most valuable brand by business magazine Financial World, the beverage and food company said yesterday. Coca-Cola'sBloomberg Business News - 106 words
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Article84 1994-08-06 8 Bloomberg Business News HONGKONG Trading company Cheung Tai Hong Holdings yesterday said its net profit rose 23 per cent in the financial year ended March 31. In a statement to the Stock Exchange of Hongkong, the company said that profit after tax and paymentsBloomberg Business News - 84 words
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Article76 1994-08-06 8 Reuter HONGKONG Reuters Holdings pic yesterday said it would be the sole vendor providing historical and real time data on a new index covering H shares Chinese state enterprises listed on the Stock Exchange of Hongkong Ltd. The historical information on the Hang SengReuter - 76 words
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Article97 1994-08-06 8 Reuter HONGKONG Lehman Brothers has put a sell recommendation on Hongkong Aircraft Engineering Co Ltd ahead of the announcement of the company's first half results next Tuesday. "We recommend aggressive investors sell the shares, particularly since we do not expect a meaningful positive surprise in itsReuter - 97 words
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154 1994-08-06 8 Reuter HONGKONG Shougang Concord International Enterprises Co Ltd told the stock exchange a proposal to acquire certain assets from independent third parties for the company's shipping business is being studied and no decision has yet been reached. It said yesterday theReuter - 154 words
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442 1994-08-06 8 Reuter HONGKONG As colonial trader Jardine Matheson Holdings Ltd and sister Jardine Strategic Holdings Ltd prepare to exit the Hongkong bourse, a number of counters are jockeying to replace them on the blue-chip Hang Seng Index. No two companiesReuter - 442 words
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Article, Illustration83 1994-08-06 8 Reuter BEIJING A Chinese mother and her child looking at balloons featuring Disney characters for sale in a toy store here yesterday. A Chinese court on Thursday ruled in favour of Disney in a copyright suit accusing three Chinese firms of pirating Mickey Mouse andReuter - 83 words
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244 1994-08-06 8 Bloomberg Business News SYDNEY The board of Australian foods giant Goodman Fielder Ltd is considering an offer by chairman John Studdy to stand aside in an effort to appease dissident shareholders, the Australian Financial Review reported yesterday. Under the proposal. Melbourne businessmanBloomberg Business News - 244 words
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373 1994-08-06 8 Bloomberg Business News, Reuter NEW YORK Shandong Huaneng Power Development Co on Thursday became the first Chinese company to call the New York Stock Exchange its primary market, and the first Chinese utility to be listed on the Big Board.Bloomberg Business News,; Reuter - 373 words
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602 1994-08-06 9 Reuter LONDON After 13 years of raking in profits from the world's most successful drug of recent decades, Glaxo Holdings pic is facing the threat of life without Zantac. More and more analysts see a real risk that the patent cover on the ulcerReuter - 602 words
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218 1994-08-06 9 Bloomberg Business News NEW YORK Merrill Lynch Co's strategy of suing departing brokers has been dealt a triple blow in recent weeks as three New York State Supreme Court justices have barred the brokerage from filing lawsuits against ex-brokers. The decisions against Merrill wereBloomberg Business News - 218 words
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Article, Illustration622 1994-08-06 9 Quaker Oats 9 4th qtr earnings fall 6.3pc on poor European economy Bloomberg Business News CHICAGO Quaker Oats Co on Thursday said its fiscal fourth-quarter earnings fell 6.3 per cent because of a poor European economy and hyperinflation in Brazil. The company also played down speculation that it is aBloomberg Business News - 622 words
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226 1994-08-06 9 Knight-Ridder NEW YORK QVC, the American home-shopping channel, finally sold itself on Thursday, the New York Daily News reported. QVC's board of directors voted to accept a sweetened US$2.3 billion (553.4 billion) cash offer from Comcast and Tele-Communications Inc. That works out toKnight-Ridder - 226 words
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232 1994-08-06 9 Bloomberg Business News STAMFORD, Connecticut Xerox Corp put on a new corporate face on Thursday in an attempt to change its staid image and tout its growing cadre of digital products. The giant photocopying company unveiled its new corporate logo withBloomberg Business News - 232 words
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240 1994-08-06 9 NYT NEW YORK The hottest form of securities fraud in the US today scams involving so-called wireless cable may have reared its ugly head here. On Thursday, the Securities and Exchange Commission filed a complaint against a man named Robert Moses, two limited partnershipsNYT - 240 words
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313 1994-08-06 9 Bloomberg Business News ZURICH Union Bank of Switzerland's first-half net profit fell 28 per cent from the year-earlier period to 929 million francs (551.043 billion), pushed down by a sharp drop in income from trading operations. Income fromBloomberg Business News - 313 words
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FINANCE & COMMODITIES
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556 1994-08-06 10 Bloomberg Business News WASHINGTON Call it mutual fun. The new Young Investor Fund, sponsored by Stein Roe Farnham in Chicago, aims to make investing easy for children 10 years and older by providing them with a whole load of educational materials andBloomberg Business News - 556 words
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Article, Illustration401 1994-08-06 10 DBS weekly currency review USVmark: inverse head and shoulders pattern THE greenback consolidated between 1.5697 and 1.5910 this week and was trading around 1.5880 yesterday morning. We continue to favour a bullish picture for USS/mark, as a potential inverse head and shoulders pattern can be seen401 words
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280 1994-08-06 10 AP WASHINGTON The US House of Representatives approved two wide-ranging banking Bills on Thursday, one repealing decades-old restrictions on interstate banking and the other encouraging lending in distressed communities. The interstate measure, approved on a voice vote, dismantles legal barriers dating toAP - 280 words
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233 1994-08-06 10 SINGAPORE Advanced Info Service (AIS), Thailand's largest provider of mobile telephones, has tapped US$26 million (SS39 million) from the Asian dollar market through a two-year syndicated loan. Citicorp Investment Bank (Singapore) arranged the loan, with interest of per cent above the233 words
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Article200 1994-08-06 10 Bloomberg Business News SINGAPORE Intercapital Commodity Swaps Ltd, a Lon-don-based broker of energy derivatives such as oil swaps and options, yesterday said it has opened an office in Singapore. In a news release, Intercapital said the Singapore office will offer services in the same range ofBloomberg Business News - 200 words
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186 1994-08-06 10 Bloomberg Business News CHICAGO First Chicago Corp plans to cut 600 jobs under a restructuring of its community banking business to boost its bottomline by US$lOO million (SSISO million) a year by 1997. The banking group said it expects to saveBloomberg Business News - 186 words
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154 1994-08-06 10 Otoomftrg ENERGY REPORT LONDON Crude futures reversed a three-day decline as striking Nigerian oilmen held firm, posing a mounting threat to the West African country's vital oil exports. September Brent crude futures rose 28 cents to US$lB.7O a barrel, while the comparable154 words
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Article, Illustration127 1994-08-06 10 THE Singapore dollar eased slightly against the US dollar in moderate trade yesterday. Good support and commercial selling interest is still seen at 1.51 for the coming week. The Malaysian ringgit retraced some of the previous day's gains on short covering by offshore parties aheadCharts by Dow Jones Telerate - 127 words
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Article176 1994-08-06 10 Bloomberg Business News LONDON The dollar closed more than a pfennig weaker against the mark and unchanged against the yen as investors dumped Treasuries in the wake of strong US jobs growth. A stronger-than-expected rise in July employment boosted traders' expectations that the Federal Reserve could raise interest ratesBloomberg Business News - 176 words
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Article96 1994-08-06 10 AFP NEW YORK The dollar fell against the other major currencies except the yen early yesterday after better-than-ex-pected jobless figures. Around 1400 GMT, the dollar was trading at 1.5832 marks from 1.5879 on Thursday and 100.45 yen (100.37). In London, the greenback was trading at 1.5845 marks andAFP - 96 words
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Article, Illustration1565 1994-08-06 10 I ixkle-unxHtnl index cukiilaietl attains! S'pure's Mp 14 trudm partners Bate year /M< US$/S$ forward rates Noon Aug 5 s$ Bid Offer 1-month I .$062 I 5077 2-month I 5051 1.5066 3-month 1.5041 ***** 6-month ***** 1.5011 Sounv OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m tag1,565 words
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COMMODITIES & FUTURES
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1255 1994-08-06 11 Reuter SINGAPORE Simex Eurodollar and Euroyen futures closed lower in active trade. Dealers said Eurodollars closed easier ahead of the US July employment report which was due out later last night. 'There seems to be a trend among some US funds to short EurodollarsReuter - 1,255 words
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651 1994-08-06 11 COMMODITY REPORTS Rubber KUALA LUMPUR: Rubber closed higher despite some prof-it-taking in the afternoon. "Basically the market is following Tokyo's trend. Although prices managed to close up, there is still a lot of uncertainty in Japan." a dealer said. Players are confused amid uncertainty about651 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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89 1994-08-06 11 HONGKONG China met 44.6 per cent of its target for 1994 gold production in the first half of this year, the People's Daily reported yesterday. It also reported that the central bank bought 61.67 per cent of June's gold production, representing a 41.8 per89 words
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Article103 1994-08-06 11 HONGKONG Russia's nickel production will slip 10.7 per cent to about 150,000 tonnes this year and should decline even further in 1995, according to a report yesterday by Australian broker ANZ McCaughan Ltd. The report linked the slump to a shortage of raw materials, lack103 words
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76 1994-08-06 11 TOKYO Asian traders say China's vegoil buying spree has gone too far. So far, in fact, that many traders have begun shying away from sales, fearing that a potential oil glut later this year might unleash a flurry of defaults. "I keep getting enquiries76 words
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Article63 1994-08-06 11 AKITA, Japan Major Japanese nonferrous metals smelter Akita Zinc Co has suspended operations at its only refinery in Akita, northern Japan, for 17 days because of the recession, company officials said yesterday. The officials said the move, initiated on Aug I, affects all 270 workers at63 words
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Article1500 1994-08-06 11 Rubber Aug 5 Singapore Commodity Exchange Pliyskal Men (Mares deslag as at 5.3tpai) guuu SS As at 12 mm (S cents/kg) RSS 1 Contract (S cents/kg) -—rr-7— T7— RSS 2 Sep 94 195 00 I96.00N Month High Low Sett (tonnes) Interest KSS 3 94 194.00 195 OON Sep1,500 words
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REGIONAL STOCK MARKETS
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Article1030 1994-08-06 12 +8.4 INVESTORS looking for bargain prices bought up stock and pushed the bourse to a nineweek high at the close. The key All Ordinaries Index finished at 2,091.9 points, up 8.4. The All Industrials Index climbed 10.5 to 3,068.5 while the All Resources Index rose 17.1 to 1,358.1. Turnover1,030 words
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Article627 1994-08-06 12 -14.23 Share prices edged lower yesterday as investors cashed in on Benpres Holdings' strong first half results in trading dominated by second-liners. The PSE Index was down 14.23 points at 2,883.39. Turnover was 2.74 billion shares valued at 1.26 billion pesos. Investors quickly profited from the higher than expected627 words
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Article416 1994-08-06 12 +8.33 Share prices made slight gains yesterday, but trading was mixed amid uncertainty over near-term prospects. The Composite Price Index gained 8.33 points to close at 935.82, but trading was light with 21 million shares. Falls led rises 535 to 243, with 122 counters ending unchanged. While 67 shares416 words
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Article581 1994-08-06 12 129.64 Stocks soared in active trading yesterday, with all major categories registering gains. The 3/6issue Weighted Price Index gained 129.64 points to settle at 6,919.21, the highest level in four years. Turnover swelled to 2.39 billion shares valued at NTS 123.2 billion. The market opened slightly, higher and a581 words
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Article378 1994-08-06 12 +9.38 The market closed stronger on moderate volume of NZ$44 million. The NZSE-40 Capital Index rose 9.38 points to 2,111.26. Market confidence was reflected in the leaders, and also showed in continued demand for second-liners. "It was quite a confident market we found, a market that is a378 words
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Article120 1994-08-06 12 -12.65 Share prices ended mixed on sustained selling of select stocks by foreign ana Indian mutual funds which wiped out gains made in early trade. The BSE 30-Share Index ended 12.65 points lower at a provisional 4,288.34, but the 100-Share National Index closed 26.75 higher at 2,041.85. "The market120 words
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WORLD STOCK MARKETS
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Article863 1994-08-06 12 +17.0 THE UK's leading stock index rose to its highest level in four months amid hopes for company earnings growth coupled with a burst of takeover speculation. "The market's looking for a positive trend in earnings and in corporate activity," said a fund manager. Stocks lost some of their863 words
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Article163 1994-08-06 12 10.02 French stocks rose as a steady trickle of gopd corporate news offset investors' concerns that unexpectedlystrong US jobs growth will force a rise in US interest rates to counter inflation. The CAC-40 Index closed 10.62 points higher at 2,107.07, with gains outnumbering falls by 27 to 13. The163 words
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Article189 1994-08-06 12 12.15 German stocks reversed an earlier fall and rose in postmarket trading after reports of faster-than-expected growth in US jobs failed to scare investors. Yet strong hopes for continuing earnings growth at German companies, fuelled by increasing evidence that the economy is on a fast path to recovery, held189 words
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Article129 1994-08-06 12 +1.24 Belgian stocks closed little changed, as signs of a surging US economy failed to spook investors. The Bel-20 Index climbed 1.24 points 1,484.93, the highest it has been for nine weeks. 'The American story did not have much impact today," said an analyst. Brussels \m Fraan FORWARD MARKET129 words
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Article239 1994-08-06 12 -0.12 Dutch stocks closed lower as unexpected jobs growth in the US triggered concerns about US interest rates. Most companies that will post earnings next week, like PolyGram and Unilever, were in demand, while others, such as DSM, fell as investors sold them to lock in gains. The EOE239 words
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Article185 1994-08-06 12 •13.10 Swedish stocks and bonds slipped for a third day as reports of faster-than-expec-ted US jobs growth bolstered concern about higher interest rates. The OMX Index slid 13.10 points to close at 1,146.44. Five stocks rose, 18 declined and seven were unchanged. "The Swedish market is optimistic about profits,185 words
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Article206 1994-08-06 12 -160 Italian stocks fell for the third day, following US bond markets lower after the release of the latest US employment figures. The Mibtel Index ended down 160 points at 11,168. "The index was weak and fell sharply after the release of the US figures," said an analyst. "When206 words
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Article343 1994-08-06 12 -1-51 With gold looking slightly more positive, South African shares moved ahead confidently as local and foreign demand returned. "The firm undertone seems to be intact," a dealer said, noting the overall market's limited fall with the sudden slump in the gold price on Thursday and subsequent quick recovery343 words
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Article253 1994-08-06 12 -28.50 stocks continued to fall at midday after stronger-than-expected US jobs data released earlier yesterday sparked fears of higher interest rates. All sectors posted losses in active midday trade, led by declines in forestry, mining and consumer products groups. The TSE 300 Index was down 28.50 points to 4,173.60253 words
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Article690 1994-08-06 12 •14.89 The Dow Jones Industrial Average, which skidded 26.87 points on Thursday, was down 14.89 to 3,750.90 at 11am EDT. The New York Stock Exchange Composite Index was off 1.02 to 252.25, while Standard Poors 500-stock index was down 1.82 to 456.58. Declines pounded advances 1,266-489 among the690 words
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Article706 1994-08-06 12 Zurich Aa| 5 Krww Minaw Br W) -4 Broon Boten Br 1282 12 CS Hotdint Br J64 -9 CS Holding Reg 110 -2 (itn («D> Br W -J C'iba (ieigy Pi B49 iba E)ekiro»act Br J*5 Fncfcer Br 1500 unch Globm Pi ISO Hero Br *<0 HolderBank Br Jacoln Svctord706 words
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Article, Illustration2617 1994-08-06 13 Bloomberg Business News HONGKONG Stocks fell on concern that US job data scheduled to be released yesterday will show strong economic growth, leading the Federal Reserve to boost interest rates to head ofT inflation. Hongkong interest rates often follow US rates, because the government wants to maintain its pegBloomberg Business News; Source: Bridge Info - 2,617 words
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Article, Illustration466 1994-08-06 13 CLSA THE A shares continued their run yesterday, up 22.1 per cent in Shanghai and 10.4 per cent in Shenzhen. Turnover remained strong at 10.4 billion renminbi and 2.9 billion renminbi in Shanghai and Shenzhen respectively. The Shanghai B Index advanced 17.46 points to 828.54 on moderate turnover ofCLSA - 466 words
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Article, Illustration2486 1994-08-06 13 Reuter TOKYO Stocks ended lower on dealers' position adjustments and profit-taking ahead of the "Obon" holidays. Worries that US interest rates might rise if US employment data due yesterday was strong also kept participants sidelined, brokers said. "Foreigners kept buying lowpriced large-capital issues, said a dealer. "But as happensReuter; Source: Bridge Info - 2,486 words
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Article, Illustration1548 1994-08-06 13 Reuter BANGKOK Stocks managed to edge up at the close despite heavy profit-taking. The SET Index closed 1.89 points higher at 1,418.60. Turnover was 10.58 billion baht. Gains led losses 152 to 141. "Short-term profit-taking emerged throughout the day on the back of a slump in key foreign marketsReuter; Source: Bridge Info - 1,548 words
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Article, Illustration1144 1994-08-06 13 Reuter JAKARTA Share prices closed higher in moderate trading on solid foreign support to end one its best trading weeks since earlier this year. "The entire week was like a breath of fresh air through the market. Foreigners were bidding and locals were at least holding stocks instead ofReuter; Source: Bridge Info - 1,144 words
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Article2438 1994-08-06 14 MOST ACTIVE volume kins HyU 50c 16.003.000 B Raya TSR97 10.711.000 Mctropkx 50c 8.539.000 Mulpha I nil 50c 7.911.000 Bcnava L Wt99 7.4% 000 Asia Pac LJ 6.900.000 Tan hong 50c 6.839.000 Fabcr Group 6.545.000 Muhi-Purposc 5.666,000 lnno\est Bhd 5.400.000 Renong Bhd 50c 5.341.000 Mctropkx TSR 5.179.000 Pronui2,438 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6114 1994-08-06 14 Bloomberg Business News KUALA LUMPUR Stocks rose as local small players joined the foreign investors who have led an 11-day bull run on the basis of strong economic news and hope that interest rates will be contained. Speculations about stocks, many of themBloomberg Business News; Source: Bridge Info - 6,114 words
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STOCK EXCHANGE OF SINGAPORE
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Article7711 1994-08-06 15 Cr Cr M Wi IM Last V«l D»» Laal QhM Dt> D4> VW >« Cm Ai| W u, Cam Sato (Mil Law Bu>tr SHkr C»r P/C W Price HHHHTilAL ANO COMMERCIAL 1440 S35 *11 Vcma 960 -5 N) «0 935 965 17.) 2.1 1.8 113 661.7 960 (00 400 II7,711 words
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Article, Illustration1811 1994-08-06 16 Quale Hiang Whai - By Quale Hiang Whai SINGAPORE Share prices closed mixed yesterday with contrasting performances by Singapore and Malaysian stocks. Clob-traded Malaysian counters took all the attention with gains made across the board on rumours that an announcement of a Malaysian election would beCharts by Bridge Info; Source: Bloomberg - 1,811 words
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Page 6 Advertisements
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Advertisement216 1994-08-06 6 NEWS VALUE How today 's news might affect your stocks Telecom, STV join study of USsBoom satellite project (pg I) Exciting, with good profit potential as telecommunications is a fast expanding industry. YHS to sell Chun King, confirms talks on Tien Wall project (P8 I) The grapevine is spot on.216 words
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Page 7 Advertisements
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Advertisement221 1994-08-06 7 VITAL Hk Investing on fundamentals or punting for a quick profit it pays to know about a H company before putting in your money. Company Spotlight lets you gen up on hot stocks. It gives: Key information about the company, including its financial position over H U mL several years221 words
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Advertisement505 1994-08-06 7 BUSINESS TIMES TOLL-FREETEL No. 1-<OO-741-1—» FAX: 741-12— SEMBAWANG CORPORATION UMITED (Incorporated in tM Aspublc of SkiQipori) Sembawang Corporation Warrants Expiring on 7 September 1994 (Warrants 1994) Sembawang Corporation Limilad wishes to remind holders of Warrants 1994 of tie importing expiration of these warrants, and n -JL— n I n M505 words
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Page 9 Advertisements
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Advertisement673 1994-08-06 9 1 £q OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated In the Republic ot Singapore) The Directors are pleased to announce the following THE GROUP THE BANK 1994 1993 W() 1994 1993 SS'OOO SS'OOO SS'OOO SS'OOO 1 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1994 Interest income 904,093 798,441 13.2 708,795673 words
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Page 11 Advertisements
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Advertisement359 1994-08-06 11 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER Of SEAFIX TRADING (S) PTE LTD (In Creditor*' Voluntary Liquidation) Notice of Appointment and Situation of Office of Liquidator* Name of Company: Saab Tracing (S) Pta Ltd Company No.: *****4810 C We, Ewe Pang Kooi and Loke359 words
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Advertisement366 1994-08-06 11 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF SOUTH EAST ASIA MADAGASCAR UNE CORPORATION PTE LTD (In Creditor*' Voluntary Liquidation) Notice of Appointment and Situation of Office of Liquidatora Name of Company: South Eaat Asia Madagaacar Liner Corporation Pta Ltd Company No.: *****4774Q Wa.366 words
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Advertisement9 1994-08-06 11 I Find the right I distributor for your product9 words
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Page 12 Advertisements
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Advertisement39 1994-08-06 12 Rvrcinp«lirnp<; &1 ij cs\ pr jPUiMi 111 WEKNOWASA Customer Relations Section Circulation Department ljf|f' Singapore Press Holdings Limited •82 Genting Lane Occupation Fax s^h ijfjgg jpfpE News Centre Singapore 1334 Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H)39 words
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Page 13 Advertisements
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Advertisement134 1994-08-06 13 NEW BALANCE presents the venture SEMES The MK9O7s offer real running shoe American Classics Collection De- technology. Real running shoe supsigned to take the work out of walk- port and comfort. Just what did you ing. These elegant shoes look better expect from a company that makes when you are134 words
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Page 14 Advertisements
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Advertisement7 1994-08-06 14 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Advertisement5 1994-08-06 14 "isusmessiT Monday in Business Times5 words
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Page 15 Advertisements
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Advertisement171 1994-08-06 15 NEW BALANCE presents the ventuie SEMES The MK9O7s offer real running shoe American Classics Collection De- technology. Real running shoe supsigned to take the work out of walk- P ort an d comfort. Just what did you ing. These elegant shoes look better expect from a company that makes when171 words
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Page 16 Advertisements
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Advertisement68 1994-08-06 16 PUN 2 SERVICES PIE LTD frMm lIII'V Hn NOTICE BHBaYGfyaiMiwftte beMdan MMoC«dCoßt,Srg*a»olo«on tk Septwbe 19M a 10 JO mi lor Mm purpo*MMtaulinS«3ioni3olard32op) ofaaCcMpmAdCapSO. PATRKX LEE AH NOW CHAN KWAMQ CHENG XMTANDSEWM. UOUDATOfIB o»fcW>AuguMHM YOUR DAILY GUIDE The Straits Times Classified. The only buyer's/ seller's guide that's updated everyday. Whether you68 words
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Advertisement293 1994-08-06 16 LIQUOR UCENCE NOTICE NOTICE IS HEREBY GIVEN that, I Chui Meow King of Blk 1 ,Maude Road #07-14 Singapore 0620 have applied for a Public House .First Class(Entended) Licence in respect of premises at M/s G.S. KTV Karaoke Lounge at 249 Joo Chiat Road, Singapore 1542, and that this application293 words
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Advertisement617 1994-08-06 16 Bun^smm ™TL^RE^E^N!^3S^HPl3!^^Ax!?n-l3e V C.K.TAWG 1 C.K. TANG LIMITED (Incorporated In Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 34th Annual General Meeting of C.K. TANG LIMITED will be held at 391-B Orchard Road. '19-00. Ngee Ann City. Singapore 092}, on Saturday. 27 August 1994 at 11.00617 words
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Executive Lifestyle
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Article, Illustration1567 1994-08-06 17 Shahiron Sahari - As competition in the sporting goods business hots up, Shahiron Sahari finds out what's in it for the consumer Shahiron Sahari GNCE upon a time, if you wanted a sports shoe, you went to Bata and came out with a pair of Badminton, Masters. Som*c.yeaf»with1,567 words
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STRAWS IN THE WIND
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Article38 1994-08-06 17 WHAT can beat a "no comment" from a spokesperson? A sHend call from that same person a little later telling you that the "no comment" was off the record! That actually happened to us this week.38 words
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Article36 1994-08-06 17 YOU've got to hand it to the movie men. A promo line for the latest Indian movie reads: "Never before in a love story seven hit songs and 11 murders in one movie."36 words
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Article88 1994-08-06 17 HERE are some of the good things about being married to Michael Jackson, says talk show host David Letterman: 1. After a day with the Jacksons, suddenly your Presley relatives seem normal. 2. None of those annoying demands for sex. 3. His squeaky ultrasonic voice keeps88 words
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Article30 1994-08-06 17 A HUNGRY journalist called Pizza Hut to order a pizza, but was told by the person on the other line: "Girt, why don't you call your mummy?"30 words
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OPINIONS
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Article, Illustration857 1994-08-06 18 Maggie Ford - Maggie Ford hails the revolution sweeping parts of Asia as women increasingly assert their independence Maggie Ford The writer is BT's Jakarta Correspondent LAST month, on a holiday in London, I had my hair cut in a salon by a Japanese hairdresser. Aged around 30 and sporting857 words
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Article, Illustration842 1994-08-06 18 Brian Gomez - Another KL-Canberra spat in the offing over the South Pacific? Brian Gomez sees trouble brewing as Australia criticises foreign companies for what it considers ravaging of dwindling natural resources in its long-time private backyard Brian Gomez The writer is based in Sydney. He contributed this commentary to BT. NOT SO842 words
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Article, Illustration814 1994-08-06 18 Neville Stack - Alarmed by the incalculable harm viruses can cause, Neville Stack wants computer scientists to concentrate more on improving detection systems and inventing antidotes Neville Stack The writer is a political commentator based in London. He writes regularly for BT. PROFESSOR814 words
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574 1994-08-06 18 Luis Gasser - LETTER TO THE EDITOR Luis Gasser BEING a frequent visitor to your remarkable country and an admirer of the resourcefulness and determination of your government and people, I am naturally very interested in your proposed Singapore Arts Centre. But having visited the exhibition574 words
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CORPORATE PROFILE
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Article, Illustration2055 1994-08-06 19 With USss.2b in sales, Heineken is the world's most popular beer. But the Dutch brewer faces fresh assaults from Miller and Anheuser-Busch, which see foreign expansion as the solution to tepid growth in the US. Can Heineken keep one step ahead of the Americans? THERE'SSource: Business Week/Aug 1994 - 2,055 words
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Article832 1994-08-06 19 IN 1290, King Wenceslas II granted 260 families the right to brew beer in the Bohemian town of Plzen. For six centuries, they brewed in their homes until the 1838 Beer Tragedy. That was when the mayor ordered 36 barrels of suds gone832 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration57 1994-08-06 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Daiwa Securities, Fraser Securities, G K Goh, Kay Hian James Capel, Morgan Grenfell Asia, Nomura Research Institute, Ong Co, Peregrine Securities, Phillip Securities, Schroder Securities, Tat Lee Securities, and57 words
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Article212 1994-08-06 20 Schroder Securities (Aug 4) Jurong Shipyard. Cash-rich, well-run company. Forecast PER of 19x 1995 earnings and 12x96. Buy below $13. Keppel Corp. Core stock in marine sector with fairly defensive arms in property and banking, which are doing well. Subsidiaries doing well going into 1996/7. Forecast PER of 18x1995212 words
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Article79 1994-08-06 20 OCBC Investment Research (Aug 4) Omni Mold. Subscribe for low PER of 13x. Has well-entrenched niche in the manufacture of high-precision injection mould in a computer industry with positive outlook. Turnover set to rise considerably with increased production capacity. Note: The broking firms, their directors and officers, and their79 words
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Article93 1994-08-06 20 Mon, Aug 8 Singapore: Prime Minister Goh Chok Tong to deliver National Day address and mention the second quarter's economic growth figures. Hongkong: Gross domestic product estimates to be issued for the first quarter. Wed, Aug 10 Singapore: Economic Survey of Singapore Second Quarter 1994 to be released.93 words
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Article, Illustration205 1994-08-06 20 Amos Koh, PhD - Amos Koh, PhD Managing director Debenham l'ewson Int'l 4T nvestment in foreign I property has become A. more popular in the last few years. More Singaporeans are aware of property investment as an attractive means of increasing wealth but find limited options locally due to prohibitive prices.205 words
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Article, Illustration671 1994-08-06 20 Paul Leo - Another booster is the October release of the M'sian Budget, says Paul Leo Paul Leo FOR the first time this year, there are quite a number of smiling faces on the stock market, and for good reason too.671 words
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Article, Illustration958 1994-08-06 20 Shiv Taneja - crarV VA/ATPM By Shiv Taneja WITH 20 million shares on offer, of which S million are reserved for employees and business associates, mould maker Omni Mold Ltd is a small Sesdaq issue that is bound to be well subscribed. This is958 words
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Article, Illustration797 1994-08-06 20 Teh Hooi Ling - Eve on the region Teh Hooi Ling asks analysts whether the recent rally in Shanghai and Shenzhen shares can be sustained Teh Hooi Ling THE EUPHORIA which propelled China's two fledgling stock markets in Shanghai and Shenzhen to record highs last year has797 words
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Article, Illustration831 1994-08-06 21 Paul Leo - Robert Krausz tells Paul Leo why he will not go long on the STII, US$ and Nikkei Paul Leo UA FALSE dawn on the Straits Times InJL JL.dustrials Index," proclaimed Robert Krausz, a lecturcr and author on the Psychology of Trading. "1 will notSource: Symmetrics (c) Joe Rondnone - 831 words
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Article, Illustration371 1994-08-06 21 Shahiron Sahari - BT Golflndex By Shahiron Sahari THE BT Golf Index slipped marginally again in July, dropping 1.03 points to 231.5 points. As in the previous month's fall of 0.66 points, the July decline was similarly minuscule compared with some of the371 words
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1109 1994-08-06 21 Soh Tiang Keng - Soh Tiang Keng compares the various crisis cover and critical illness protection plans on the market Soh Tiang Keng WITH the higher life expectancy, a question nagging many older Singaporeans is: will I have enough savings to cover medical and1,109 words
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399 1994-08-06 21 Elaine Koh - The prospect of more rate rises will make bonds an attractive instrument, reports Elaine Koh Elaine Koh BOND yields, which rose sharply this year, are likely to stay high unless expectations of a sharp increase in short-term interest rates are reversed, says the latest399 words
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Article, Illustration572 1994-08-06 22 SHAHIRON SAHARI - Cinema Review By SHAHIRON SAHARI HOSTILE HOSTAGES is the kind of movie you might watch if you like films about dysfunctional, broken families with wellsubmerged values whose lives are heartwarmingly straightened out by a nice guy criminal. A strangely unsure, low-boil movie, Hostile Hostages, written by Richard572 words
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Article, Illustration765 1994-08-06 22 SUSAN TSANG - Exhibitions By SUSAN TSANG AN EXHIBITION at Shenn's Gallery titled Reminiscence Of The South Seas brings together the work of Singaporean artist Tay Bak Koi and Malaysian Tew Nai Tong. Tew's works'bring one down memory lane, not Polynesia but nearer home the artist still paints in the765 words
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Article, Illustration964 1994-08-06 23 SHAHIRON SAHARI - Book Review By SHAHIRON SAHARI The Bucks Stop Here By Jim Parton Pocket Books 252 pages, $16.50 STOCKBROKERS and other professionals in the financial sector must be used to being the butt of jokes and nasty comments by now. Like lawyers, they can seek solace964 words
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Article, Illustration778 1994-08-06 23 R SIVANITHY - CD Review By R SIVANITHY LOREENA McKENNIT: The Mask And Mirror Loreena McKennit belongs to an underappreciated group of women artistes who have a rare ability to deliver music with a haunted intelligence and slow-burn sensuality that s every bit as potent and poignant as. say, the kd778 words
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SPORTS
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Article, Illustration363 1994-08-06 24 Golf MUNICH Severiano Ballesteros, back on the European tour after 10 days recuperating from the back injury that put him out of the Dutch Open, made a controversial return to the limelight at the International Open here. The Spaniard shot363 words
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SPORT SHORTS
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Article, Illustration45 1994-08-06 24 TORONTO, Canada World Championships Thursday Group A: US 115 Spain 100; China 97 Brazil 93. B: Australia 87' South Korea 85; Croatia 85 Cuba 65. C: Russia 84 Argentina 64; Canada 83 Angola 52. D: Greece 68 Germany 58; Puerto Rico 102 Egypt 74.45 words
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Article, Illustration206 1994-08-06 24 AP LEEDS, England England captain Mike Atherton bounced back from 10 days of intense pressure only one run short of the best possible way on Thursday on the first day of the second Test against South Africa at Headingley. Atherton shrugged off the balltampering drama from the first TestAP - 206 words
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Article, Illustration163 1994-08-06 24 AP THE HAGUE, Netherlands Germany won the team show jumping event here on Thursday at the World Equestrian Games ahead of France and Switzerland. German riders Franke Sloothaak and Soren van Ronnc ended the day first and second respectively in the individual standings, and countryman Ludger Bcerbaum tookAP - 163 words
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Article, Illustration245 1994-08-06 24 AFP JAKARTA Nick Faldo will take part in the U*****.000 Alfred Dunhill Masters tournament to be held at the Nusa Dua course in Bali from Nov 3-6. a press report said on Thursday. Others taking part include Spanish Open champion Colin Montgomerie of Scotland. Vijay Singh of Fiji andAFP - 245 words
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Article, Illustration126 1994-08-06 24 Reuter PARIS Italian experts have concluded that a broken steering column probably caused the crash in which Brazilian Formula One champion Ayrton Senna was killed in the San Marino Grand Prix, two French newspapers reported on Friday. Citing the experts' report, ordered by Italian justice authorities. l.'Hquipc and InfimuilinReuter - 126 words
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Article, Illustration348 1994-08-06 24 AP AP AUCKLAND, New Zealand New Zealand will be chasing a place in history when it laces South Africa in the third test at Eden Park today. The Springboks will be hoping to avoid humiliation. No All Black team has ever swept a scries against South Africa, but theAP - 348 words
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Article, Illustration683 1994-08-06 24 Harvey Araton - By Harvey Araton NYT HAMILTON, Ontario Forget about Michael, for the time being, at least. Forget Magic, and. while we're on the subject, don't even mention Charles or, for that matter, Scott ic. Forget all comparisons with Dream Team 1 because after 40 inauguralNYT; Reuter - 683 words
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PEOPLE
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Article, Illustration236 1994-08-06 24 KEPPEL Corp's property arm Straits Steamship Land (SSL) launched its hotel management company, Sedona Hotels International recently. Sedona Hotels will manage more than 1,200 rooms in SSL's hotel and resort developments in the region. The new company is named after the "Dendrobium Sedona" a pure whitePhotos by Chris Loh - 236 words
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TIME OFF
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Article, Illustration850 1994-08-06 25 Shahiron Sahari - Jazz fans had a great week with the Nairobi Trio and Eric Marienthal performing in town this week. Shahiron Sahari reviews the two acts Shahiron Sahari IT WAS a good and surprising week, especially if you like jazz music in its lighter forms. The first surprise camePhoto by Arthur Lee - 850 words
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Article396 1994-08-06 25 Off Centre The Necessary Stage's second run of < their play that looks at the friendship i between two ex-mental patients and < the problems they have to hurdle over in order to re-integrate themselves with "normal" society standards. Till tomorrow, Bpm al the Drama I Centre, with a396 words
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Article426 1994-08-06 25 World Premiere Fanfare I: Arrows to the Page Samuel Wong conducts the Singapore Symphony Orchestra in this performance. Highlights of the concert include the world premiere of Fanfare by Bright Sheng, Dvorak's Symphony No 7 and a performance by violinist Vera Tsu. Today, 8. spm at the Victoria Concert426 words
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Article162 1994-08-06 25 Omnimax Movies Tropical Rainforests Experience the everyday existence of the rainforests of Costa Rica, Queensland and Malaysia and the inhabitants of these forests from the point of view of a bug. Show times: I lam. 3pm and 7pm (Mandarin). Tickets at $8 Jor adults ami $4 (Jor children below162 words
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Article, Illustration784 1994-08-06 25 Swatch Emotion Exhibition Ten paintings selected from the "street" painting a couple of weeks ago will be on display in this touring exhibition that also features works from other countries around the world. Today, at the Expo Gateway. World Trade Centre. Artists' Menu A joint exhibition by ten artists784 words
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Article351 1994-08-06 25 Education and Continuing Education of Nurses in the 21st Century How does the future bode for members of the nursing profession? And what ean be done to upgrade them? Ana Smith, aeademie co-ordinator at the Western Sydney University discusses some interesting options and prospects for the nurses. Today. 10.30351 words
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Article572 1994-08-06 25 Shell Lunchtime Cultural Programme Aulhor of novels Cambridge, the award-winning The limit Passage and Crossing the River. Caryl Phillips will give a reading and talk on his works. I tic 12. 12. JO/mi at the Shell Theairelle. Shell lower Admission is lav. Summer Carnival Specially designed for busy executives572 words
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Article493 1994-08-06 25 Climbing Tambora The Stage Club's production about an expedition to the site of the world's greatest volcanic eruption. Bob Robinson's- play weaves mystery into what seems to be a natural phenomenon. Today. Spin at the Guinness Theatre. Tickets at $10 available from all Sistic outlets. Dream Catcher493 words
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Article125 1994-08-06 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum Calleria. Liang Court. Raffles City. Scotts. Specialists' Centre. Takashinuiya. Cold Storage at Jelita. Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores. W'isma Atria, Centrepoint and Tangs. Hotline: 269-2929. If125 words
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EPICURE
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Article, Illustration709 1994-08-06 26 JAIME EE - Bon Appetit By JAIME EE JIANG-NAN Chun is Chinese for "springtime in Jiang-Nan", describing the lush fertile lands lying south of the Yangtze River which noblemen of ancient China liked to hang around in, possibly armed with a jug of wine, some mantou buns and a few female709 words
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Article, Illustration414 1994-08-06 26 JAIME EE - By JAIME EE TANJONG PAGAR is painfully quiet at lunchtime, which is good for those who hate crowds but not so hot for restaurants trying to stay afloat in such competitive times. It's perhaps even harder for Italian restaurants, considering there are so many now when there414 words
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Article763 1994-08-06 26 N K YONG - Wine By N K YONG JUST three years ago, we could not boast a single decent restaurant wine list. Without exception they were of pedestrian or mediocre standard, exorbitantly priced. Many showed signs of their origin put together hurriedly without much sense of purpose763 words
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Article, Illustration1003 1994-08-06 28 Bad Girls. Madeleine Stowe, Mary Stuart Masterson, Drew Barrymore and Andie MacDowell are four whores in the Old West. They ride out after the varmint that stole their retirement fund and take turns rescuing each other. Cathay 2: 12.15 am. Jurong: 11.30pm. Yishun: 4.50; 11.50. Bishan: 5; 12am. 5.15pm1,003 words
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Page 17 Advertisements
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Advertisement174 1994-08-06 17 j 111 DB 13 2*-ho"* "Loan Information Service Approval" 1 8 0 0 334 3588 iSO'* 5 S I Rhapsody in Blue hand-enamelled t£ in blue, green, red Jjjjf "}~^S Omr^t,l' ii' 1 m.... **"ww .[/tarn }H H^^sßEf Chronometer San Marco in platinum, 18 ct gold or stainless steel for174 words
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Advertisement11 1994-08-06 18 MORE PRODUCTS ARE ADVERTISED Aia IN THE STRAITS ftoff TIMES CLASSIFIED11 words
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Advertisement25 1994-08-06 18 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.25 words
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Page 18 Miscellaneous
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Miscellaneous89 1994-08-06 18 I the. c£Krg£R3LP is r poll I someone stole the wetfe. it is— thg c°l°ur [Ipartborrd last SPRIvJG Numßeß OP TUG. RE&NRLO CH£-ST^R-sF i r HOUS£. JOORNtFM Ftßm'S RyJND€>Q \l j^j^? (Tll Ptr4 POOWESBURY GARRY TRUDEAU UKtoW SOf&Y J JUSTCOULDN7 &VB UJHOCAR&FMY Amm KXJJUST CJWVnH' SOUHAP JACOU&THG SAT&AC7ION FfiO*UmeHOKrSV*JST UJROTtME89 words
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Advertisement20 1994-08-06 19 fffSPJ PORT SHOTS The latest in sea, air and land transportation. 1 i i 1 T>ii«)Ai«m» r w*\ Business Times20 words
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Page 20 Advertisements
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Advertisement8 1994-08-06 20 CAB NOW. PAY LATER. THE CORPORATE TRAVEL CARD8 words
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Advertisement20 1994-08-06 21 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday. Singapore# rr\ Business Times WOOViUU20 words
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Page 22 Advertisements
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Advertisement410 1994-08-06 22 BUSINESS TIMES UFESITLE EXCLUSIVE THE ADVENTURE BEGINS... With the Saab Arctic Circle experience. j^ppppip^" 111 TOP PRIZE J 7 days Swedish winter holiday for two by Saab. 5 -iSiIMiSK Highlights include: v Driving by road-book to Lake Antnastrasket for winter drive training and downhill and cross-country Factory visit to the410 words
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Page 23 Advertisements
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Advertisement151 1994-08-06 23 BEric, a GRP recording artist. •>• tha cornarstona of tha Chick Coraa Elaktric Band for over 6 year*, bafora ha burst into tha solo scans with 'Volcaa Of tha Haart 1 (I#M). This astablishad him as ona of contemporary jazz's most popular and raspactad artists. His album 'Oaala' (1M1), was151 words
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Page 24 Advertisements
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Advertisement96 1994-08-06 24 A^^*fcy°»drt.Lld l^ m rSqu OT J)2 OIE*fK.C.««««ay T d *****42 Corti». Witch C«.tw P». U4 •)!->, fafflrs City Shuppir* OfnlreTA UWIBS. «)1~YA V: r-Ww>th 47«>iiw *<> r e-*™ w,.ch p,.Ltdwi-kucky rtHnw 7*331* i\ 111/H': y \y 7MOM* Th* How Claa* Ltd KM-HI Siotts Shying CVntrvTd23VS27 Thong H tap Watch Pi*96 words
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Advertisement263 1994-08-06 26 IN-DEPTH BUSINESS SINGAPORE or over two decades Singapore I llf L I Business has covered the local and I I F regional business scenes with more depth B II W H and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call263 words
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Advertisement27 1994-08-06 26 high stakes Don't get shortchanged, 1 pTJ e>h) Fjw-Ij So for a coverage 1 ra/ \v you can bank on. I Financial News. Everyday. rri Business Times27 words
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Page 27 Advertisements
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Advertisement634 1994-08-06 27 Kfl Nothing Beats A Bud. M OF FRESPfI .PASTA DAI LY. W From Pasta Frttca. The only restaurant to make its own spocialty pasta. everyday. Savour perfect pizza, great geiati and terrific tiramisu. All topped with Italian hospitality. MSnS9f Pasta FiMca Oo Saivatar* Pta ltd 30 Boat Quay. SIOIO4I (Open634 words
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Advertisement296 1994-08-06 27 WHERE TO WINE, DINE AND ENTERTAIN 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. (dridj HHHHfiT Hi-Tw *$19.00 (adult) 1 *$14.00 (child)296 words
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Advertisement388 1994-08-06 27 Emouglko Enoniglio Enoiigli< 'Enougfi is enough. 35 appetisers, 20 desserts pCus main courses. 'Wfun our guests start on the appetiser spread at our monthly international lunch buffet, they never finish. In fact, they always endup conceding that theyve had more than enough. Come try it to believe. JQp 'for reservations,388 words
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Page 28 Miscellaneous
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Miscellaneous2621 1994-08-06 28 TODAY'S TV 7.00 News <m). [1 Vi I cnn Malaysia Airport Report Trading Hearts, 2pm. SBCS Get Smart, 1.30pm, SBC <M* Control's 900 CNN Raul a base- 930 cnn! ball player who involved is sent on a mission to recover J loioo Hari Penternak (M, L). single mother Beverly their2,621 words
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