The Business Times, 13 August 1994
1994-08-13
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The Business Times
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Title Section13 1994-08-13 1 Business Times MITA(P) 010/12/93 Weekend Edition, August 13-14 1994 WE KNOW ASIA 75*13 words
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605 1994-08-13 1 Ho Kay Tat - From Ho Kay Tat In KUALA LUMPUR INDUSTRIAL gas manufacturer Sitt Tatt Bhd will be the listed' vehicle the government of the Malaysian state of Sabah will use to involve itself in business under a complex Ms3l9 million (*****.9 million) deal605 words
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Article, Illustration551 1994-08-13 1 Lim Soon Neo - From Lim Soon Neo in HONGKONG THE Securities and Futures Commission (SFC) said yesterday it was looking at documents which make allegations against the chairman of Seapower International Holdings (SIH), Francis Yuen Tin-fan. "We can only confirm the SFC has received the551 words
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Article, Illustration481 1994-08-13 1 Corinne Kerk - Great Singapore Sale By Corinne Kerk SINGAPORE The Great Singapore Sale, which officially ends tomorrow, has increased retailers' turnover, but mainly in the first two weeks of the event. C K Tang, which started operating on Sundays at the start of the Great481 words
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316 1994-08-13 1 R Sivanithy - By R Sivanithy SINGAPORE What central banks have done or are expected to do was the theme in the region's major stock markets yesterday, but the impact was mixed. Expectations that the US Federal Reserve would act decisively next week to choke316 words
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Article63 1994-08-13 1 Reuter NEW YORK Wall Street stocks rose yesterday after a benign July inflation report ignited the bond market and sent interest rates down. Investors also focuscd on stocks involved in both actual and rumoured takeovers. The Dow Jones Industrial Average was up 18.45 points at 3,769.35Reuter - 63 words
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63 1994-08-13 1 Reuter ROME Italian Prime Minister Silvio Berlusconi, reacting to a currency crisis that has seen the lira hit record lows against the German mark, yesterday appealed for greater unity among his coalition partners. In a televised message, he said Italy's economic situation wasReuter - 63 words
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64 1994-08-13 1 Reuter WASHINGTON Nuclear arms talks between North Korea and the United States will resume next month, Secretary of State Warren Christopher said yesterday. "It's likely that they'll be taking a recess for a few weeks but they will be meeting again inReuter - 64 words
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Article153 1994-08-13 1 Stock Market indicts Friday C h«i»*e STII 2.317.79 +17.76 KLSEComp 1,105.29 -6.19 Nikkei 20.663.83 -157.53 Hang Seng 9.468.69 -55.85 SET Index closed Jakarta Comp 470.00 +1.47 CLSA China B 1.154.08 +1.05 AustAIIOrd 2.051.9 -10.9 FTSE 100 3.142.3 +4.1 Friday Previoas 2pm dose Dow Jones 3.769.35 3.750.90 V |rfT«SLrt Singapore* 5.97153 words
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Page 1 Advertisements
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Advertisement22 1994-08-13 1 Singapore Arts Centre: el i Why it is like Spielberg's house i China plans ambitious airport expansion to meet demand, Pg 322 words
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Advertisement9 1994-08-13 1 2 IPOs assessed: el s Koh Bros, First Engrg9 words
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Advertisement233 1994-08-13 1 Hock Lock Siew: Pg 6 [gJ Heshe warrants warrant a waijkey& National footballer Michal Vana arrested by CPIB Full report, Pg 2 -.4 s- *7 i *j Of lasting value TT This watch belongs to the 2QC collection of antique watches at J«L Rolex Geneva. The great tradition of the233 words
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Advertisement50 1994-08-13 1 Conversation: el 3 Cnampion of the working woman nes Full reports, Pgs 12-16 Bombay stocks hit all-time high, Pg 8 Span Km 2 Span* m kj fteponjl Nm 3.4 Rwcri 10 Mgrtt M EL2 ttMLK. SES 14-14 town au WmW 1Z Sports ELS Carrwan 10 TV/Mi ELI2 Sm/Comm —1L Ml50 words
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SINGAPORE NEWS
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432 1994-08-13 2 Corinne Kerk - By Corinne Kerk NTUC Fair Price Co-operative, which yesterday reported a 7.8 per cent fall in group net profit to $38.5 million, has declared a bonus issue. 'It is also paying sharehold*ets a 6 per cent dividend and a patronage rebate432 words
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458 1994-08-13 2 Genevieve Cue - By Genevieve Cue MORE THAN half the handphone and pager users in Singapore welcome the prospect of competition, a recent consumer survey by regulatory Telecommunication Authority of Singapore has shown. The findings of the survey V-*- the first by TAS of the handphone458 words
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Article, Illustration298 1994-08-13 2 SINGAPORE and Canadian ties in the field of environmental technology were strengthened yesterday with the signing of an agreement to promote joint ventures in this field to tap a growing world market. Canadian Secretary of State for the Asia-Pacific Region Raymond Chan witnessed the298 words
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Article, Illustration311 1994-08-13 2 Shahiron Sahari - By Shahiron Sahari NATIONAL footballer Michal Vana was arrested by the Corrupt Practices Investigation Bureau (CPIB) yesterday. Czech national Vana, one of three foreign players in the Singapore squad playing in the Malaysian Premier League, was summoned to CPIB headquarters at Hill Street Centre yesterday311 words
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217 1994-08-13 2 Reuter SINGAPORE A two-year-old dispute between Canada and Singapore over bilateral air services may be near resolution, according to Canadian High Commission officials here. They said yesterday that the Canadian government had extended Singapore Airlines' temporary authorisation to fly to Vancouver forReuter - 217 words
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287 1994-08-13 2 WORKERS should not take unions for granted, especially during good times, said Minister Without Portfolio Lim Boon Heng yesterday. "With the economy doing we 11... there is always a membership problem for unions. When workers are enjoying the good times,287 words
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Page 2 Advertisements
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Advertisement105 1994-08-13 2 GREAT MINDS THINK ALIKE f H (You can tell ly tkeir skirts) i, > 4 When it comes to excellence in tailoring, distinguished statesmen, royalty and just there is no other name quite like CYC |HMflHj about every man who recognises the It's why CYC has become the favourite importance105 words
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Advertisement17 1994-08-13 2 Canada to stress Asian orientation, Pg 5 THE STRAITS ~7 TIMES CLASSIFIED PROPERTIES TJ£| YOUR PROPERTY GUIDE17 words
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Page 2 Miscellaneous
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Miscellaneous432 1994-08-13 2 IBM ftV CMI BumiMH 20/13 NH* UM I3A» 2VIS Ctaj* ~ZZw» ——-as ,2: g~ ss eg gr ss oS SSL *V/ 2 tax 2*14 aoxj, lawp 2*24 C*u* BomMr swr. ar/i« aoudr u»««m 3«/25 ow aun. c»2 frm 30/17 am <*"* aZZ Omwm 25/17 MonM 21/10 Om tyrant 31/24 OouJ432 words
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THE REGION
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565 1994-08-13 3 Reuter PHNOM PENH A controversial attempt to divert vast logging profits to Cambodia's defence ministry has been dropped under domestic and international pressure. Cambodia's two prime ministers were forced to scrap a decree they signed in June which would have allowedReuter - 565 words
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310 1994-08-13 3 Reuter BEIJING China, under pressure from the United States to prove it operates a fair and open market, said yesterday it had uncovered 460 cases of unfair competition during a nationwide crackdown in the first half of 1994. Liu Minxue, director ofReuter - 310 words
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270 1994-08-13 3 AFP JAKARTA The Indonesian government is to protect the products of a new petrochemical firm due to start production next year, a press report said here yesterday. PT Chandra Asri will be the first firm in Indonesia to produce olefins, a petrochemicalAFP - 270 words
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Article, Illustration67 1994-08-13 3 Reuter JAKARTA Jakarta's enterprising shoe-shine boys know that you don't have to walk far to drum up good business: they set up stall at the capital's main Istiqlal Mosque where every day thousands of Muslims have to take off their shoes before they go into theReuter - 67 words
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272 1994-08-13 3 Reuter BEIJING China yesterday outlined an ambitious scheme to build or renovate about 60 airports to keep pace with exploding demand for domestic air travel. Xu Cunxin, chief airport builder at the Civil Aviation Administration of China, said the remaining five monthsReuter - 272 words
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231 1994-08-13 3 AP KUALA LUMPUR The youth wing of Malaysia's governing party yesterday proposed opening relations with Israel in a new sign that attitudes towards the Jewish state are thawing in this Muslim nation. Ties with Israel can now be considered after the signingAP - 231 words
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342 1994-08-13 3 JAKARTA A respected Indonesian economist, Sumitro Djojohadikusumo, has called for a Malaysian-style small industries fund to be set up to narrow the gap between rich and poor in Indonesia. The call had won the backing of Minister for Research and Technology BJ Habibie,342 words
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Article, Illustration70 1994-08-13 3 AFP KUALA LUMPUR A new orchid hybrid named after Malaysia's ruling party. United Malays National Organisation, was launched during a ceremony at an annual floral festival in Cameron Highlands on Thursday. The new orchid, whose scientific name is Vanda Umno Malaysia, is a crossAFP - 70 words
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96 1994-08-13 3 AFP TOKYO A Japanese business group on Thursday urged Prune Minister Tomiichi Murayama to increase support for social infrastructure in Vietnam and other South-east Asian countries. Leaders of the Federation of Economic Organisations (Keidanren) told Mr Murayama a delay in development was impedingAFP - 96 words
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101 1994-08-13 3 AFP HANOI Nearly a third of all Hongkong's investment projects in Vietnam have had their licences withdrawn for not coming up with necessary funding or disobeying regulations, a report said yesterday. Hongkong, the second largest investor in Vietnam after Taiwan, topped the list ofAFP - 101 words
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111 1994-08-13 3 Reuter MANILA Striking Philippine Airlines (PAL) workers defied a government retum-to-work order yesterday and said they remain on strike until the root causes of the dispute are resolved. "We will not go back to work unless (the dispute) is thoroughly resolved. That is ourReuter - 111 words
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431 1994-08-13 3 Bloomberg Business News HONGKONG A year after suffering a stinging rebuke from Malaysian Prime Minister Mahathir Mohammad, Asian regional satellite broadcaster Star TV is hopeful that it will be allowed into the Malaysian market. "I think that we can be very confidentBloomberg Business News - 431 words
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327 1994-08-13 3 Reuter CANBERRA South-east Asia's food and agricultural product market has the potential to treble in size to US$6O billion annually by 2010, according to an Australian government report released yesterday. The value of the region's food market doubled in sizeReuter - 327 words
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Article, Illustration383 1994-08-13 3 FT COLOMBO Sri Lankan businessmen are bracing themselves for the possible defeat in next week's general election of the ruling United National party which has governed the country for 17 years. They fear that victory next Tuesday for the left-leaning opposition People's Alliance, anFT; Reuter - 383 words
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REGION/WORLD
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552 1994-08-13 4 Bloomberg Business News RANDOLPH, Massachusetts US Federal Reserve Board governor John LaWare suggested yesterday that inflation in the US could break out again and if so, interest rates should be raised once more. Earlier, the Labour Department said US consumer prices roseBloomberg Business News - 552 words
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233 1994-08-13 4 Reuter. NEW YORK Intel Corp plans to start a computer processor price war by cutting prices by Up to 40 per cent on' a variety of its chips over the next three months, reported Business Week magazine. Intel's strategy is to launch aReuter. - 233 words
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Article, Illustration88 1994-08-13 4 AFP TAIPEI This may be the month of the hungry ghosts according to the Chinese lunar calendar, but at Taipei's Chinese Food Festival which began yesterday, there were more hungry mortals out to drool at mouth-watering displays. Among the 500 dishes whipped up by 21AFP - 88 words
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357 1994-08-13 4 Vikram Khanna - By Vikram Khanna SINGAPORE The yen's likely rise above the level of 90 yen per US dollar within a year could unleash a new wave of Japanese investments in Asia, says Merrill Lynch. In this month's issue of its Asian Economic357 words
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95 1994-08-13 4 AFP KUALA LUMPUR Japanese companies are to conduct a study on the infrastructure potential of Malaysia's eastern states being promoted as new manufacturing sites for foreign investors. "The study will look into possibilities for new and established Japanese investors to locate theirAFP - 95 words
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Article1476 1994-08-13 4 atj n*t era nm n®_ eg jjj> m gjjj OL Mm DtuM GA976 0010 »■!>! SRI83 2105 fcpa RJ187 0100 tolHiM CA978 0930 ftwiHl i— SQ25 0630 KL838 2300 Hll0H MI931 2015 M»32 0905 KL837 1450 SQ324 2345 VN741 1310 SQ176 1130 AMMM4 NZ21 1735 BAH1,476 words
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467 1994-08-13 4 Bloomberg Business News ANCHORAGE, Alaska A federal jury decided on Thursday that Exxon Corp should pay U*****.8 million (*****.2 million) to 10,000 fishermen whose livelihood was damaged by the 1989 Exxon Valdez oil spill. The award is well underBloomberg Business News - 467 words
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327 1994-08-13 4 AFP BEIJING China's state council, or Cabinet, yesterday approved a draft law aimed at stabilising China's fast-devel-oping banking sector, the official news agency Xinhua said. "It was noted at the meeting that it is necessary to formulate a law on commercial banksAFP - 327 words
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223 1994-08-13 4 Bernama KUALA LUMPUR New American investments into Malaysia are expected in downstream activities in areas such as the energy sector, plastics as well as in palm oil, the US Ambassador to Malaysia, John S Wolf, said yesterday. "Although oil and gas compriseBernama - 223 words
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358 1994-08-13 4 Enter the dream investment the sure-win stock bet Bloomberg Business News CLEVELAND Charter One Financial Inc is marketing an investor's dream: a stock market bet guaranteed not to lose. The Cleveland banking company plans to sell a certificate of deposit (CD) that gives the small investor a chance to buyBloomberg Business News - 358 words
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THE WORLD
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548 1994-08-13 5 NYT BERLIN When the German government created an agency in 1990 to rebuild the tattered socialist economy of the east, its mandate was simple yet monumental: to sell, restructure, or close thousands of businesses in formerly Communist East Germany, transforming its economyNYT - 548 words
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359 1994-08-13 5 IHT ROME Prime Minister Silvio Berlusconi of Italy admitted in an interview on Wednesday that executives of his Fininvest business empire had paid bribes to government tax officials. But he denied any personal involvement and claimed his company had beenIHT - 359 words
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176 1994-08-13 5 AFP WASHINGTON The US International Trade Commission has reached a preliminary conclusion that seven countries, including Japan and South Korea, are dumping oil industry tubular goods in the US market. The other countries cited by the ITC in a statement onAFP - 176 words
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384 1994-08-13 5 Reuter BONN A mixture of savings banks, railways, utilities and insurance companies around Europe are jostling to take the lead in the region's fastest growing industry telecommunications. What they have in common is existing networks of cables, pipelines or railwayReuter - 384 words
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346 1994-08-13 5 Kevin Sullivan - By Kevin Sullivan SINGAPORE The government of Canadian Prime Minister Jean Chretien, in office for less than a year, is keen to emphasise its Asian orientation. "It s difficult to live next door to a giant. Canada is not only North America.346 words
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219 1994-08-13 5 Reuter OTTAWA Canada's economy is bouncing back from a sharp slowdown as consumers and governments spend more and exports remain robust, a private research group said on Thursday. Higher government spending and steady export strength will boost growth in central Canada for theReuter - 219 words
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Article, Illustration87 1994-08-13 5 Reuter BRUSSELS Around 150 people worked throughout the day on Thursday to set out begonia petals creating a vast flower carpet covering the Brussels Grand Palace to commemorate Brussels' liberation in 1944 from Nazi occupation. It took about 800,000 red, yellow, orange and white petals to formReuter - 87 words
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53 1994-08-13 5 AFP WASHINGTON Federal appeals judge Abner Mikva officially accepted his new post on Thursday as White House counsel, taking over from Lloyd Cutler who has led President Bill Ginton's defence in the Whitewater affair. The 68-year-old Mr Mikva is a former congressman and state legislatorAFP - 53 words
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Article, Illustration56 1994-08-13 5 AFP LONDON This selection of artificial brass noses date from World War 1. They were made for war veterans whose own noses had been severely disfigured by land mines and artillery during the conflict. Christie's will put them up for sale at an auction of medicalAFP - 56 words
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Article67 1994-08-13 5 Bloomberg Business News BUENOS AIRES Argentina's economic planning secretary said he expected consumer price inflation this month to drop from July's 0.9 per cent on lower food and tourism costs. "The first measurements we have taken of the consumer price index show a rate well belowBloomberg Business News - 67 words
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Article69 1994-08-13 5 AFP BUCHAREST The assets of a controversial "self-help game"'' in which some two million Rumanians sank their meagre savings have been sequestered. The company's assets, spread across a number of Rumanian towns, were ordered sequestered on Wednesday, said a spokesman in Cluj, the western cityAFP - 69 words
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Article105 1994-08-13 5 Bloomberg Business News SAO PAULO Brazil's seventh economic reform programme in eight years is less than two months old, yet the earty signs suggest this one just might work. The inflation rate, which was running at 51 per cent a month in June, plummeted toBloomberg Business News - 105 words
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334 1994-08-13 5 Reuter BOL, Croatia Croatia is again luring foreign tourists to its coast but is still missing the many big spenders who used to flock here a few years ago, before the industry was hard hit by war. This summer'sReuter - 334 words
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541 1994-08-13 5 Right-wing nationalist's rhetoric now appeals only to the real have-nots of the post-Soviet world Reuter MOSCOW Russia's most feared nationalist, Vladimir Zhirinovsky, still spits fire but events are beginning to steal his thunder. Since the dark days of his mid-winter electoral triumph,Reuter - 541 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article19 1994-08-13 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)19 words
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Article, Illustration138 1994-08-13 6 Quak Hiang Whai - -By Quak Hiang Whai BERJAYA GROUP has been enjoying a good run. But in the short term probably within the next few sessions— the stock should meet some resistance as profit taking comes in. The stock has been overbought for two weeks and this is reflected in the138 words
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422 1994-08-13 6 Abdul Hadhi - By Abdul Hadhi SINGAPORE Locallylisted Lee Kim Tah Holdings and Scotts Holdings have joined forces with Guthrie GTS to explore property development opportunities in Australia. Under a deal signed yesterday, Lee Kim Tah and Scotts will subscribe for privately placed shares422 words
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455 1994-08-13 6 Shiv Taneja - By Shiv Taneja SINGAPORE Overseas Union Bank is set to broaden its corporate finance activities with a focus on lead-manag- ing initial public share offers. Richard Tan, senior vicepresident, investment banking '.and corporate finance, said yesterday that the bank has455 words
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Article, Illustration268 1994-08-13 6 SINGAPORE Small investors who applied for up to nine lots of electrical industries mould maker Omni Mold Ltd will receive 43 per cent of the company's IPO. At a balloting ceremony held yesterday, Omni Mold said that of the IS million shares on offer at 35268 words
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718 1994-08-13 6 R Sivanithy - HOCK LOCK SIEW By R Sivanithy SINGAPORE What has been the best performing counter in the stock market this week? For those punters who have been keeping a close eye on the list of top percentage gainers for the past three trading days, the718 words
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279 1994-08-13 6 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Ng Teng Fong's Far East group is now just a whisker away from triggering a mandatory takeover of listed Yeo Hiap Seng. On Wednesday, two Far East group companies exercised warrants which yielded 4.23 million new279 words
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133 1994-08-13 6 SINGAPORE OCBC Bank has revised its Composite Index and OTC Index to reflect recent corporate developments. Development Commercial Bank and Industrial Oxygen Incorporated have been added to the composite index, while Malayan United Industries and Consolidated Plantations have been deleted. The changes take effect133 words
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SHIPS IN PORT
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Article473 1994-08-13 8 VmmI V*y III Barih Arrival Dtoarturo Hu* Ho Bartfc fcrtwl PapirtiM i„, r m Tra> Star 12tA POI Jonfsdt 13.08/1500 C*b bcdwx 111 112 <e«v* 1106/0900 2 3/94* JJ|* ism/mm ST'T 1101/2300 Atata 3 P07 12.08/2359 15.06/0600 SlifT 2M 117/11 SS 1106/000 As Sucttss 402 TO 1106/1800473 words
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Article1165 1994-08-13 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/lbbnce Rdts Ship ¥oy No Etb/Btr Period From To From to Oan 0558 15/1200 28 12/1/00 13/0669 13/0900 3 13/0700 13/1159 13/1400 4 13/1200 13/1459 13/1/00 ta Mi 199* 14/0500 31,165 words
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COMPANIES
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Article, Illustration418 1994-08-13 7 AFP KUALA LUMPUR Listed plantation companies in Malaysia are experiencing a windfall in share prices due to a rally on the local bourse and Indonesia's plan to ban export of palm oil, analysts said. Plantation firms on the KualaAFP - 418 words
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202 1994-08-13 7 AFP MANILA Paper Industries Corp of the Philippines, Southeast Asia's largest fully integrated pulp and paper mill, is to offer 4.7 billion pesos (SS27I million) worth of shares to finance its modernisation, documents showed yesterday. In a statement filed withAFP - 202 words
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Article, Illustration148 1994-08-13 7 SINGAPORE Jurong Shipyard will build four 6,500 dwt product carriers by the end of this year at around US$lO million (5515.1 million) each. The yard confirmed the orders at a christening ceremony yesterday for the Sapta Samudra, a 6,500 dwt product tanker148 words
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201 1994-08-13 7 Bernama KUALA LUMPUR Wing Teik Holdings Bhd has entered into a memorandum of understanding (MOU) with the F Jacinto Group, one of the largest business conglomerates in the Philippines, to participate in the Philippines Integrated Steel Project. Arab-Malaysian Merchant Bank, in a statementBernama - 201 words
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Article, Illustration545 1994-08-13 7 Bernama PETALING JAYA The national car, Proton, continued to dominate West Malaysia's passenger car market for the first half of 1994, with a market share of 74.5 per cent as against 72.6 per cent in the same period last year. Aishah Ahmad, chairpersonBernama - 545 words
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302 1994-08-13 7 Bernama KUALA LUMPUR Metroplex Bhd proposes to acquire 75 per cent equity interest or 1.875 million shares in Peninsular Park Sdn Bhd (PPSB) for MS24 million (SSI4 million). In a statement released here yesterday, it said the acquisition will beBernama - 302 words
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146 1994-08-13 7 Bernama KUALA LUMPUR Leader Universal Holdings Bhd announced a 22.5 per cent increase in its group pre-tax profit to M 580.920 million (5547.7 million) for the six months ended June 30, 1994 from M 566.082 million. It achieved a turnover of M 5340.951 millionBernama - 146 words
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342 1994-08-13 7 Bernama KUALA LUMPUR Hicom Pet ro-Pi pes Sdn Bhd, a subsidiary of Hicom Bhd, will manufacture and supply line pipes to the Peninsular Gas Utilisation (PGU) project by Petronas. The contract is to supply lines pipes to Loop 1 11 oif PGU2Bernama - 342 words
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Article54 1994-08-13 7 SINGAPORE Amcol Holdings Ltd has accepted Paul Tong Yuk Lun's decision to step down as a joint managing director of the company. He will remain as a director and a member of the executive committee of the company. Amcol said he resigned because of his54 words
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79 1994-08-13 7 Bernama KUALA LUMPUR The Securities Commission has approved the proposed restructuring and subsequent listing of Shah Alam Properties (SAP) Bhd on the main board of the Kuala Lumpur Stock Exchange. Commerce International Merchant Bankers Bhd (CIMB), said on behalf of SAP, that the restructuring exerciseBernama - 79 words
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126 1994-08-13 7 Bernama KUALA LUMPUR Sungei Way Holdings Bhd announced a 23 per cent increase in its group pre-tax profit to M 531.533 million (5518.6 million) for the six months ended June 30 from M 525.720 million previously. Releasing its unaudited interim results yesterday, it saidBernama - 126 words
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107 1994-08-13 7 Bernama KUALA LUMPUR Malayan United Manufacturing Bhd said that the construction cost of its hotel situated at Jalan P Ramlee/Sultan Ismail Land is estimated at Ms6o million (SS3S.4 million) to MsBo million. However, the start of the construction of the hotel will depend on theBernama - 107 words
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73 1994-08-13 7 AFP MANILA The Securities and Exchange Commission (SEC) yesterday allowed Metro Pacific Corp, holding company of Hong-kong-based First Pacific Group, to raise its authorised capital stock from 1.15 billion pesos (SS6S.S million) to five billion pesos. Documents filed with the SEC showed the companyAFP - 73 words
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72 1994-08-13 7 Reuter HONGKONG Clothing manufacturer and retailer Giordano Holdings Ltd told the stock exchange it is completing licensing formalities for its Beijing outlet which was closed by authorities on Monday. Media reports in Hongkong linked the closure to an article attacking Chinese Premier Li Peng inReuter - 72 words
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Article925 1994-08-13 7 MM0H*' priM* Aug 13 A 15 Mendalu Gr Fund 1.19 l.22g US fx Fund 100 1.04* IMK Innl 4^ The CoMiBem 1.43 1.75 "I* The Savings Fund 1.59 1.61 UnA*d 1.52 IJJ STpore Pre* Fnnd a7l a75 U«*«d+ 1.035 1.060 Sport Sec Fund 1.03 l.09*d U««ed Gr Fijnd! 1.73 I925 words
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471 1994-08-13 8 Lim Soon Neo - From Lim Soon Neo in HONGKONG THE start-up and promotion costs for the Eastern Express launch contributed partly to lower-than-expected net profit of HK5471.9 million (5591.9 million) for the Oriental Press Group in its 1994 financial year. Yesterday, the media eroup471 words
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Article, Illustration429 1994-08-13 8 Bloomberg Business News NEW DELHI The Bombay Sensitivity Index reached an all-time closing high as investors bid up cement stocks, which are benefiting from rising demand for cement as economic recovery picks up speed. The Bombay Sensitivity Index,Bloomberg Business News; Source: Bloomberg - 429 words
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Article, Illustration337 1994-08-13 8 Reuter TAIPEI Taiwan's Securities and Exchange Commission (SEC) has approved the longdelayed listing of the island's sole margin lending firm FuhHwa Securities Finance Corp, allowing it to go public in November, officials said. After the Taiwan Stock Exchange passed Fuh-Hwa's application lastReuter - 337 words
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339 1994-08-13 8 Bloomberg Business News PERTH Australia's largest company. Broken Hill Proprietary Co Ltd, said it is considering spending more than As7so million (SSB4S million) to build a plant to supply processed iron to Asian steel makers. The proposed plant would be located about 10Bloomberg Business News - 339 words
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Article, Illustration404 1994-08-13 9 AFP PARIS Economic recovery in wealthy countries, notably in Asia, and a surge in Japanese tourists to France have overwhelmed luxury goods producer Louis-Vuitton, which is now having a hard time keeping up with demand. "It is not always possible to respond (to demand)AFP - 404 words
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463 1994-08-13 9 Bloomberg Business News LONDON Royal Insurance said an upswing in UK general insurance operations propelled a 267 per cent increase in firsthalf profits to £191 million (*****.3 million). "There was significantly better experience in the general insurance operations, where the UK hadBloomberg Business News - 463 words
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COMPANY BRIEFS
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51 1994-08-13 9 Bloomberg Business News AMSTERDAM Anglo-Dutch consumer goods group Unilever said its second-quarter profit rose 0.2 per cent to 1.068 billion guilders (SS9I7 million). Company chairman Morris Tabaksblat expects "some further strengthening of our results" for the full year. Unilever earned 3.61 billion guilders last year.Bloomberg Business News - 51 words
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81 1994-08-13 9 Reuter LONDON UK-based travel company Thomas Cook Group Ltd said on Thursday it has reached agreement to acquire Barclays Bank pic's travellers cheque subsidiary lnterpayment Services Ltd, for an undisclosed price. Cook said acquisition of lnterpayment will boost its worldwide market share forReuter - 81 words
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69 1994-08-13 9 Bloomberg Business News BOMBAY Travel company Thomas Cook (India) Ltd's net profit rose 25 per cent to 49 million rupees (Ss2.l million) during the half-year to June, the Economic Times reported. Earnings per share rose to 31 rupees. The company's chairman expects corporate travel,Bloomberg Business News - 69 words
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72 1994-08-13 9 Bloomberg Business News LONDON Samsung Electronics Co, South Korea's largest electronics concern, reported a five-fold rise in net earnings for the first six months of 1994, due to a jump in semi-conductor exports, the Financial Times said. Profit rose to 285 billion won (*****Bloomberg Business News - 72 words
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69 1994-08-13 9 Bloomberg Business News NEW DELHI The government has approved proposals for three big multinationals to set up wholly owned subsidiaries in India, the Economic Times reported yesterday. The companies are HJ Heinz Co, American Qyanamid Co and Unilever pic. Their investments were among 73Bloomberg Business News - 69 words
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61 1994-08-13 9 Bloomberg Business News LOUISVILLE, Kentucky General Electric Appliances said its joint venture in India will invest more than US$lOO million (SSISO million) to expand its appliance business in India. The Bombay-based joint venture company, Godrej-GE Appliances, plans to build a washer manufacturing plant,Bloomberg Business News - 61 words
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378 1994-08-13 9 Reuter MOSCOW The makers of Russia's best-known brand of vodka have received notice of insolvency, the possible first step on the road to bankruptcy, but officials said on Thursday output would not be affected. A Federal Bankruptcy Agency official toldReuter - 378 words
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382 1994-08-13 9 Bloomberg Business News NEW YORK Starbucks Coffee Co and Pepsi-Cola Co formed a joint venture, effective yesterday, to produce ready-to-drink coffee beverages after a year of negotiations. The Seattle-based coffee company said last month it was talking to Pepsi,Bloomberg Business News - 382 words
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Article, Illustration291 1994-08-13 9 AP ST LOUIS Anheuser-Busch Companies Inc is expanding marketing and distribution efforts in Latin America, a region that company officials called one of the world's fast-est-growing beer markets. The world's biggest brewing company announced distribution deals on Wednesday with the biggest brewers inAP - 291 words
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192 1994-08-13 9 Bloomberg Business News BATTLE CREEK, Michigan Kellogg Co, continuing a management shuffle begun last month, promoted its head of US cereal marketing to lead the company's growing Asia operations. Carlos M Gutierrez, 40, will move from executive vice-pres-ident of Kellogg's flagship US division toBloomberg Business News - 192 words
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252 1994-08-13 9 Bloomberg Business News SANTIAGO Chemical Banking Corp has bought a 20 per cent stake in Chile's Empresa Nacional de Telecomunicaciones SA for about USS2OO million (SS3OO million), betting big on South America's fast-growing long-distance telephone market. The New York bankingBloomberg Business News - 252 words
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FINANCE & COMMODITIES
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Article, Illustration328 1994-08-13 10 Harish Mehta - By Harish Mehta SINGAPORE A new bank in Phnom Penh owned by Singapore businessmen has become the first foreign bank to be fined US$6O,OOO (S$90,000) for a one-month delay in opening. Officials of the National Bank of Cambodia, which is the central bank,328 words
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190 1994-08-13 10 UPI BEIJING China will open its financial sector wider to foreign financial institutions seeking a bigger slice of the action, official media said yesterday. A senior official at the People's Bank of China, the country's Central Bank, told Xinhua news agencyUPI - 190 words
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Article, Illustration405 1994-08-13 10 DBS weekly currency review US$/marie bulb on hold? The US dollar consolidated between 1.5727 and 1.5905 for the most part of this week before aggressive selling on Thursday night saw it plummet to 1.5555. Although the longer term bullish bias currently remains intact, more short-term405 words
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599 1994-08-13 10 Bloomberg Business News SYDNEY Soaring overseas demand for Australian securities is luring more corporates and semi-government authorities to issue offshore. In August alone, about 10 debt issues have been sold in other time zones. Some were Australian dol-lar-denominated issues; others wereBloomberg Business News - 599 words
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173 1994-08-13 10 AFP WASHINGTON US-owned Citibank has targetted India as a major credit market, stating in a report that by the year 2000, it will rank second to South-east Asia in terms of cardholders. "After witnessing a period of exponential growth in the numberAFP - 173 words
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172 1994-08-13 10 Ill m h mm at oHxymoerg ENERGY REPORT LONDON Crude oil futures fell on expectations of a number of crude oil supply increases, including the possible end to the Nigerian oil strike next week. Analysts identified increased North Sea supplies, reduced172 words
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Article, Illustration111 1994-08-13 10 THE Singapore dollar is gradually firming against the US dollar. Though the greenback was still supported at 1.5050 yesterday, bullish sentiments remain strong over the local currency. The Malaysian ringgit extended its appreciation to a low of 2.5530 before closing at 2.5560/70. Strong support is now seen atCharts by Dow Jones Telerate - 111 words
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Article189 1994-08-13 10 Reuter LONDON The dollar benefited slightly during the afternoon in Europe from the US consumer price report for July, after taking a battering on Thursday following the producer price report and after European rate rises. "The key element (ex-food and energy) was up a modest 0.2 per cent, lowerReuter - 189 words
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Article88 1994-08-13 10 AFP NEW YORK The dollar weakened early yesterday against most major currencies in moderately active trading after briefly firming on news of a lower-than-expected rise in consumer prices. Gold lost US$l.7O an ounce from Thursday's close to U*****.00. At around 1345 GMT, the greenback was trading at 1.5535AFP - 88 words
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Article, Illustration1248 1994-08-13 10 /fwfr-Mvrgtarf index cmktdaud against S port's tap 14 trading panntn Base yrr 198S US$/S$ forward rates Noon Au| 12 SI BW Ofltr 1-rnoMb 1.5032 < 504-2-moath 1.3021 l 5036 3-month 1.9011 ***** 6-month ***** I.49M Source: OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES At at Um m Aug 12 Singapore1,248 words
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COMMODITIES & FUTURES
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1271 1994-08-13 11 Reuter SINGAPORE Simex Euroyen and Japanese government bond (JGB) futures ended higher on the back of the strong yen. There was active buying of Euroyen in the afternoon after the dollar sank below the 100.00 yen level. However, the gains in Euroyen wereReuter - 1,271 words
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668 1994-08-13 11 COMMODITY REPORTS Rubber KUALA LUMPUR: Malaysian rubber prices closed steadier on enquiries from Far East buyers. "There were a lot of enquiries from China for SMR2O rubber but no contracts have been finalised yet," a dealer said. She said other Far East buyers also enquired668 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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59 1994-08-13 11 SINGAPORE Fuel oil was weak, amid reports that inventories of fuel oil in Singapore rose from 9.73 million barrels to 11.60 million barrels in the latest week, traders said. They said buyers and sellers were at a standoff. Buyers were interested only in floating59 words
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54 1994-08-13 11 LONDON Aluminium moved higher on the pre-market on follow-through buying from Thursday, traders said. Three-month metal briefly hit an intra-day high of U551,507 per tonne before retreating on overhead selling, they noted. Aluminium was underpinned by a positive 11,175-tonne drawdown in LME warehouse inventories reported54 words
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78 1994-08-13 11 LONDON Activity remained sluggish in early trading on the sugar freight market with new busi- ness still slow to emerge, brokers said. Scanports re-entered the market seeking possible replacement tonnage for a prompt, 12,000-14,000-tonne bagged cargo from Brazil to India. Cargill still needs tonnage for78 words
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Article108 1994-08-13 11 NEW DELHI The groundnut crop in Gujarat is in good shape despite heavy rain in the past three weeks in the western state, a leading growing region. Conditions in the other big peanut states Andhra Pradesh, Tamil Nadu and Karnataka are good, and total Indian108 words
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Article1292 1994-08-13 11 Rubber *>«" Siitgapara CMMMdity Exckufi Pi lew (Mm cMag m at SJtpa) B«y«rs Mtart At at 12 mm (S cents/kg) RSS 1 CMtract (S cents/kg) Vofamc Q= RSS 2 Sep 94 203.50 204.S0N RSS 3 Sep 94 202.50 203.SON Month Huh Low Sea (tonnes) Interest 4 Sep 941,292 words
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REGIONAL STOCK MARKETS
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Article959 1994-08-13 12 -10.9 The share market plummeted to its lowest finish in two weeks yesterday because of continuing tears of an imminent interest rates hike. The All Ordinaries Index closed 10.9 points weaker at 2,051.9 while the All Industrials Index eased 16.5 to 3,002.4 and the All Resources shed 6.6 to959 words
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Article677 1994-08-13 12 +30.37 Active trading on second-liners pushed share prices up by 1.02 per cent to break the 3,000point mark. The PSE Composite Index rose 30.37 points to close at 3,007.36. Turnover was 4.08 billion shares, valued at 1.89 billion pesos. The market opened weak on news that Philippine Long Distance677 words
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Article318 1994-08-13 12 +4.76 Shares had edged up by the close as some investors took the view the ruling National Party government would retain the seat of Selwyn in today's by-election and maintain its thin majority. The NZSE-40 Capital Index ended 4.76 up at 2,071.94 points despite a decline on Wall318 words
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Article546 1994-08-13 12 -63.88 Stocks fell yesterday in light trading, with electrical shares posting a 1.9-per cent loss. The 376-issue Weighted Price Index fell 63.88 points to settle at 6,628.14. Turnover dwindled to 1.542 billion shares valued at NT575.4 billion. Dealers attributed the downtrend to the Central Bank of China governor's remark546 words
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Article377 1994-08-13 12 +6.55 Share prices ended in positive territory for the third consecutive day yesterday, thanks to resilient bargain hunting by active individual participants. The Composite Price Index rose 6.55 points to settle at 945.74. Turnover expanded to 24 million shares worth 550 billion won. Falls led rises 452 to 342,377 words
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Article145 1994-08-13 12 +100.47 Share prices surged on heavy buying on the Bombay Stock Exchange taking the 30-share index to an all-time closing high. The BSE Index closed at a provisional 4,494.74, up 100.47 points from the previous close. The previous closing high was reached on April 22, 1992, when it ended145 words
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WORLD STOCK MARKETS
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Article800 1994-08-13 12 +4.1 STOCKS rose after three days of losses as a US economic report showing tame inflation offset concerns that British interest rates may soon rise. The FT-SE 100 Index rose 4.1 points to 3,142.3, after plunging to as low as 3,110.1 earlier in the day. The fall came as800 words
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Article168 1994-08-13 12 -31.98 French stocks fell for the fifth day, shedding 4.6 per cent on the week, as the aftershocks from Thursday's rate rise by the Swedish and Italian central banks rattled European markets. The CAC 40 Index of blue chip shares dipped below the 2,000 level, to an intra-day low168 words
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Article196 1994-08-13 12 +9.05 German stocks pared earlier losses in after-hours trading, but prices still ended at a three-week low amid concern that interest rate increases may put a brake on Europe's economic recovery. The DAX Index rose 9.05 points to finish the week at 2,133.73. The release of better-than-expected inflation data196 words
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Article187 1994-08-13 12 •324 Italian stocks sustained their biggest one-day loss since Aug 19, 1991, dropping 3.04 per cent, and bond yields soared after the Bank of Italy's move to raise interest rates was seen as a sign of fiscal panic. The Italian government hasn't admitted it's in a political crisis. Still,187 words
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Article215 1994-08-13 12 -2.38 Dutch stocks closed lower as Thursday's interest rate increases in Sweden and Italy rattled financial markets. Investors believe other countries now will follow, which could result in higher borrowing costs for companies, leaving them with less money to pay out to shareholders. The EOE Index closed 2.38 lower215 words
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Article128 1994-08-13 12 -22.76 Swedish shares closed off their lows after a US report showed retail inflation in line with expectations. The OMX Index fell for a fourth day to close down 22.76 points, or 2.05 per cent, at 1,090.04. The index plunged as low as 1,074.23 after the central bank on128 words
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Article137 1994-08-13 12 -10.49 Belgian stocks fell as markets continued to feel the effects of Thursday's inter- est rate rises in Sweden and Italy. The Bel-20 Index closed down 10.49 points at 1,456.02, its lowest point since July 29. News from the US showing a smaller-than-expected rise in July consumer prices lifted137 words
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Article215 1994-08-13 12 -8.3 Swiss shares closed lower for the third time this week on interest rate fears, even though earlier losses were partially recouped after low-er-than-expected US inflation figures. The SMI Index closed down 8.3 points at 2,580.50. Fifteen stocks fell and eight advanced. Zurich •u tnma Alusuisae Br *91 +6215 words
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Article336 1994-08-13 12 -61 Rumours that the secondtier financial rand would be scrapped over the weekend sent shivers through South African share prices yesterday as they extended their correction from recent highs. But dealers said stocks would bounce on Monday if the rumours, which they described as unlikely, did not materialise. Analysts336 words
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Article242 1994-08-13 12 -1.90 Toronto stocks continued mixed in sluggish midday trade as weak sold and real estate stocks offset gains in most other sectors. Insurance stocks weakened after the seizure late Thursday of Confederation Life Insurance Co by federal regulators. The TSE-300 composite index eased 1.90 points to 4,172.78 in trade242 words
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Article732 1994-08-13 12 +21.04 Stocks followed bonds higher after a report showing a smaller-than-expected rise in July consumer prices eased concern that the Federal Reserve will boost interest rates substantially next week to fight inflation. "I'm not so sure it's a lock the Fed will now raise rates," said an analyst.732 words
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Article501 1994-08-13 12 Vienna Ah 12 A«Hi l»» »•>* Bank Aintru (P) *06 '21 CVBVV2 .6M FVN 1410 unch FluaHafcn 2 lSSIT- 11 11 Ml W) mIuU.HU VZ MM -5 OEMV VZ Hi »J VA T«chaofa«* Vertmnd Aklir A JJS WKmrbtri M20 70 Source: Bank Austria Aktiengesellchaft Nasdaq Am II U» Adolph Coori501 words
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Article, Illustration2649 1994-08-13 13 Bloomberg Business News HONGKONG Stocks fell on investors' concerns about local bank earnings and an expected rise in US interest rates. The Hang Seng Index fell 55.85 points to 9,468.69. Turnover was HK53.24 billion. Investors were concerned that international banking group HSBC Holdings will report earnings on the lowerBloomberg Business News; Source: Bridge Info - 2,649 words
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Article, Illustration489 1994-08-13 13 CLSA IN SHANGHAI, trading in B shares remained active on turnover of US$ 11 million, with the index closing down 6.54 points to 882.58. China TM dropped 5.7 per cent after its interim results were announced. Chlor Alkali shed 6.1 per cent on heavy turnover following Thursday's 2.7 perCLSA - 489 words
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Article, Illustration2462 1994-08-13 13 Reuter TOKYO Stocks ended a touch lower as what traders calied the quietest week of the year dribbled to a close amid dealer position-adjustment sales ahead of the traditional Obon holiday. Prices never recovered from a wave of arbitrage-related selling at the opening yesterday morning, brokers said. The marketReuter; Source: Bridge Info - 2,462 words
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Article, Illustration1132 1994-08-13 13 Reuter JAKARTA Share prices closed higher, recovering from light consolidation in mid-mom-ing, as persistent foreign support boosted local sentiment. "Foreign-buying in leading consumer and paper-related stocks managed to nip in the bud profit-taking by local players in the second session," one local broker said. Local players focused on KurniaReuter; Source: Bridge Info - 1,132 words
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Article1843 1994-08-13 14 Kamunlint 50c Mulpha Intl 50c i^.335.000 Mult i-Purpose 14.140,000 !f'$2£ Asia Pk Ld 1.027.000 Piomct 10.041.000 WraHyd 50c 9.W6.000 t.405.000 FACB Mfc W000 AMDS SOc 7.^7.000 Mctropfcx 50c 7.34J.OOO Mulpha I nil 50c Mult i-Purpose 597,125 Idns Hyd 50c 33 071,500 CASH 50c 5 I 2 Kamuntinf 50c1,843 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration3507 1994-08-13 14 Bloomberg Business News KUALA LUMPUR Stocks fell as concerns about higher US interest rates overcame bullish sentiment created by a central bank decision to allow foreigners to buy short-term debt. "If interest rates go up, it's a negative factor for the stockBloomberg Business News; Source: Bridge Info - 3,507 words
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STOCK EXCHANGE OF SINGAPORE
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Article6313 1994-08-13 15 Gf Of M Wt y-j Dn Lm Qan On IN* YH Net Cap A«| Um ~—f—l Ml C**) H%k Ltm Bayer Sefcf Cw HI »Jl Pric. HMHiM AND CtMMQKML n1 4 WO +40 203 *3 *30 tl) t0 I7.S 2.1 IJ 13.7 *713 937 't2 W 110 40 It 0.46,313 words
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Article, Illustration1767 1994-08-13 16 R Sivanithy - By R Sivanithy SINGAPORE Retail investors yesterday returned in force to the market, particularly to Sesdaq, but gains were curbed by renewed fears that US inflation and therefore interest rates are on the rise. Investors in local blue chips were for theCharts by Bridge Info; Source: Bloomberg - 1,767 words
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Page 6 Advertisements
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Advertisement405 1994-08-13 6 NEWS VALUE Sttt Tatt to become Sabah vehicle wider Ms3l9m deal (pg l) Will stimulate interest in Malaysian stocks as investors try their hands at picking out other Sitt Tatts. Most handphone, pager mors welcome more suppliers (pg 2) Telecom investors not likely to be perturbed. Loo Kim Tah, Scotts,405 words
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Page 9 Advertisements
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Advertisement366 1994-08-13 9 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF THE ASSOCIATION OF PRIVATE MEDICAL PRACTITIONERS OF SINGAPORE (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTION Pursuant to Section 290(2Xb) At an Extraordinary General Meeting of the Association held on 6th day of August 1994 at366 words
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Page 11 Advertisements
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Advertisement85 1994-08-13 11 FAMOUS CHINESE PAINTINGS, CALLIGRAPHY, OLD CAMERAS STAMPS Auction Preview II 115 August P> >4 10am 7|>m Auction: 14 August 19*)4 (Sunday) 1 1 am 7pm Venue Queen's Room Fmpress Place Museum, 1 Empress Plate, Singapore Well illustrati d catalogue availabh at preview at SS.'iU. For more information, ph use call85 words
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Advertisement38 1994-08-13 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. i a Put The 1 Straits Times 1 Classified 1 i to work for you today. 1 i38 words
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Page 12 Advertisements
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Advertisement30 1994-08-13 12 Business Times Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: rax I News Centre Singapore 1334 Tel: 1800-749 2577 Fax: 744 4875 Tel: (O) l«J30 words
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Page 13 Advertisements
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Advertisement160 1994-08-13 13 El Primero automatic chronograph movement. J Water-resistant to 100 m or 50m. Ef |TP"fcJ v Available in gold, gold and steel or steel. j: 1 Square W2-W1 E»poCtrw»y T<: 272KM2. C»rtt«» Centre T# 3JW185. «1 -32 Lucfc y PU«»T* ZBUOtH Mm Clin f*» UiWl 18/ EfiS* r^m2DC«*repo«n»Td ***** V. ta4—(S(160 words
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Page 14 Advertisements
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Advertisement15 1994-08-13 14 PORT SHOTS U atCSt n Se3 a f anC ,anC tranS X>rtat on BusinessTimgs f15 words
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Advertisement6 1994-08-13 14 DusinesslT 1 Monday in Business Times6 words
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Page 15 Advertisements
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Advertisement156 1994-08-13 15 NEW BALANCE presents the The MK9O7s offer real running shoe American Classics Collection De- technology. Real running shoe supsigned to take the work out of walk- P Ol 1 comfort. Just what did you ing. These elegant shoes look better expect from a company that makes when you are dressed156 words
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Page 16 Advertisements
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Advertisement18 1994-08-13 16 1 PLAY SMART Be part of the good life. Lifestyle. Everyday. SINGAPORE m Business Times WE KNOW ASIA18 words
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Advertisement82 1994-08-13 16 zfiß&s. TmmSw <nnwy fcwmifca). Erarswsa JSSssrrs-»«-« SSJ^r»«K>ISIso! «S!a«3g Sfmt tfMK w* rsssssssOßv zhS:I (In nwitei'wlwiwy Neidibw) rsissoasms ISftSnttrtW. t99»ll»d«N«n«i M mESTprtanw trn MB »d dw. wd N new rt idwi^ SSftWAWSt! tMiSWXMOO" b, nolics iwwKg kom I* M< hqwW. »t b» Mm tokakn or nwm* to cow mo ptovt Mm82 words
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Advertisement239 1994-08-13 16 htiMMd THE COMP AMES ACT, CHAPTERS* (N VOLUNTARY UMDAIK* At an Extraordinary Gananl Wasting of dm »ii*in.»l Afdna Ra Lid dub eonnnod wihalddSFWhMbcfcHw* > 20 Poddw BMM. Camml Hang Kong on S Auowt lS*4jha Mowing SpaddandOnjnary Rnofclofi SPECIAL RESOLUnON (I RESOLVED THAT KM Company to wewd-ep wturtartvbvtfw Mambsm OnOMARYRBOLUnOM (i)239 words
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Executive Lifestyle
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Article, Illustration1274 1994-08-13 17 Jay Khosla - What do the Singapore Arts Centre and Steven Spielberg's house have in common? Jay Khosla talks to design consultant Robert Siegel about images and icons in Architecture Jay Khosla %Jay Khosla is a freelance writer. IN SHOWBIZ parlance, it would be the difference between say, Madonna and1,274 words
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STRAWS IN THE WIND
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Article49 1994-08-13 17 HERE'S something to change your mind about the local postal service. A teenaged boy from the Ukraine looking for pen-pals addressed a letter to "President of Editions, Business Times, Singapore", and it reached us. And you thought only letters to Santa Claus, North Pole, reached their destination.49 words
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Article48 1994-08-13 17 AUTHORITIES in the United States have introduced a public toilet in which you slot in 20 cents for up to 20 minutes' use. Once the time is up, the door slides open automatically. Wonder what happens if you're still not finished after 20 minutes.48 words
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Article69 1994-08-13 17 A BUNCH of unfit journalists were tokl to exercise more by a fitness instructor who suggested they run up and down the office stairs as a convenient exercise. One gung-ho journalist tried it, but forgot that since the offices became non-smok-ing areas, staircases have turned into havens for69 words
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Article18 1994-08-13 17 QUESTION: What did the dyslexic devil worshipper do? Answer He sold his soul to Santa.18 words
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OPINIONS
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806 1994-08-13 18 Kevin Sullivan - Kevin Sullivan sympathises with the much-maligned Singaporean male and wonders what is to be done Kevin Sullivan The writer isaßT journalist SEX is in the news, it would seem. There was, for example, the recent publicity given to the phenomenon of Sarong Party806 words
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Article, Illustration684 1994-08-13 18 John Young - John Young says Bill Clinton should not let his presidency be defined by late-night one-liners and one-note narangues John Young The writer is the editorial page editor of the Waco Tribune-Herald in Waco. Texas CONSERVATIVE columnist Thomas Sowell got all lathery684 words
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Article, Illustration1020 1994-08-13 18 Neville Stack - Neville Stack shows how to do it for zilch and showcase British industry at the same time Neville Stack The writer is a political commentator based in London. He writes regularly for BT. VISITORS to Buckingham Palace in London whether heads of state,1,020 words
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Article898 1994-08-13 18 Timen N Murari - Timeri N Murari finds New Delhi paranoid about relaxing its grip on India's masses Timen N Murari The writer is a columnist with the Indian financial daily, Business Line -IMPERIAL Delhi must be a strange place. Weird decisions are made there daily. Often as not,898 words
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VIEWPOINT
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Article, Illustration2480 1994-08-13 19 Margaret Thomas - SK THERAFFLES J CONY ERSAT IPS Gloria Tan Climaco, the first woman to head SGV Co, Asia's biggest accounting and management consulting firm, tells Margaret Thomas why company policies should be more friendly to working women. And why she chose a career over a family2,480 words
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1099 1994-08-13 19 ONE image of women is that they like to shop till they drop. It's a stereotype Gloria Tan Climaco does not live up to the slightest bit. "I have no patience. I know immediately what I want," she says. "I know1,099 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration59 1994-08-13 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, G K Goh, J M Sassoon, Kay Hian James Capel, Morgan Grenfell Asia, Nomura Research Institute, Phillip Securities, Schroder Securities, Smith New Court, Tat Lee59 words
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Article218 1994-08-13 20 (JOB Securities (Aug 12) Singapore Aerospace. Shifting its focus from defence-related into non-defence-related contracts. Tie-up with SIA and JAL in subsidiary Sasco to provide maintenance work on commercial airlines, including Section 41 work. PER of 20.5 x (local shares) and 24.3 x (foreign). J M Sassoon (Aug 12) Pelangi218 words
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Article106 1994-08-13 20 Alliance Securities (Aug 10) Koh Brothers. Group has recorded average annual growth of 40 per cent in sales and pre-tax profits since 1990. Expansion into robust growing regional economies. Experienced team. Prospective 19x PER is attractive. UOB Securities (Aug 12) First Engineering. Provides integrated one-stop service in mould design106 words
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Article93 1994-08-13 20 Mon, Aug 15 Hongkong: Banking group HSBC Holdings announces results for first half to June 30. Washington: July industrial production and capacity utilisation. Tue, Aug 16 Washington: Federal Open Market Committee meeting to decide when to raise US interest rates and by how much. July housing starts and93 words
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Article, Illustration217 1994-08-13 20 Liew Yin Sze - Liew Yin Sze Head of Stagapore research J M Sassooa an we expect the I same growth in 1995 as in 1994? Although there are few danger signals at the moment, the question is whether the near-10 per cent GDP growth for two years in a row217 words
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Article, Illustration579 1994-08-13 20 Joyce Quek - Joyce Quek suggests that this week's rally may be due to mere speculation Joyce Quek THE STOCK market was in a positive mood this week —> the feel-good sentiments in the wake of strong second quarter economic growth figures kept market indices579 words
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838 1994-08-13 20 Elaine Koh - Schroder Securities assesses the impact of a softer property market. Elaine Koh reports Elaine Koh A PEAKING residential market and a firming office sector mean that investors should lighten holdings on developers and home in on companies with prime office buildings, says a report838 words
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562 1994-08-13 20 Agnes Chen - Agnes Chen discovers that most fund managers are bullish about prospects for the rest of the year Agnes Chen THE TUSSLE between bulls and bears continues, but bulls may be gaining the upper hand in most Asian stock markets. Already, the562 words
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Article615 1994-08-13 20 Launch I mth 3 aths 6 rnths 1 yr 2 yw 3 yra Raakiag as at A aft t, 1994 Sfr.in lltn iZj T75 -2.8225M 54.55 53.M rsinooorc Gr 2807 69 6 84 2 4 94 3 -1.67 2 37.56 3 141.36 I 148 90 I OCBC 2T04.87 ri6 t615 words
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Article, Illustration972 1994-08-13 21 Abdul Hadhi - By Abdul Hadhi INFRASTRUCTURE development group Koh Brothers' public offer of 83 million shares at 68 cents each looks like a winner, subscription-wise. Why, its price-earning ratio of about 16.5 times compares very favourably with the industry average pf almost 25Photo by Arthur Lee - 972 words
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Article, Illustration810 1994-08-13 21 Claire Leow - By Claire Leow SESDAQ candidate First Engineering Ltd (FEL) is arguably second to none when it comes to making precision plastic parts so minute you can hardly pick them up. This ability to develop minftcule components for electronics equipment ensures810 words
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Article, Illustration714 1994-08-13 21 Loh Hui Yin - Eve on the region Loh Hui Yin says the turnaround is due to the strong economy and brighter prospects for the Chuan government Loh Hui Yin THAI equities, virtually shunned by investors earlier this year, are coming back into favour. All the signs are thereSource: Bloomberg - 714 words
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Article, Illustration691 1994-08-13 22 JAIME EE - By JAIME EE IF ONE were into reincarnation, one could almost believe that John Grisham is actually Enid Blyton seeking to resurrect the adventures of the Secret Seven and Famous Five but with a 1990s update in that the little heroes don't go home to691 words
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Article, Illustration609 1994-08-13 22 SUSAN TSANG - _Byi SUSAN TSANG IT WAS the best of times, it was the worst of times... Just from pedigree alone, Lifetimes seems to promise a lot, and not very much, all at the same time. That it was Zhang Yimou's entry to this year's609 words
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Article, Illustration1404 1994-08-13 22 Fionnuala Halligan - Fionnuala Halligan goes behind the scenes of Little Panda in China's Sichuan province and meets two very unusual stars Fionnuala Halligan The writer is a Hongkong-based freelance journalist who contributed this article to Executive Lifestyle THEY would appear to be attempting the1,404 words
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Article, Illustration1218 1994-08-13 22 SWARAN KAPUR - Travel By SWARAN KAPUR The writer is a BT sub-editor. He visited Finland on an Asean press group tour sponsored by Finland 's Ministry for Foreign Affairs IN 24 hours of vacation time, you can do what most people would1,218 words
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Article, Illustration806 1994-08-13 23 AUDREY PERERA - Book Rovtow By AUDREY PERERA Raffles Hotel Cookbook In trod action by Gretchea Lis Raffles Hotel (1886) Pte Ltd 160 pages, $76 (exdadiag GST) Available at Raffles Hotel Gift Shop A COOKBOOK'S value is usually judged by the authenticity and reliability of its806 words
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SPORTS
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Article, Illustration704 1994-08-13 24 Golf PGA Championship NYT TULSA, Oklahoma There is never a winner after the first round of a golf tournament, 4»ut a definite favourite Emerged after Thursday's opening act of the PGA Championship. If things continue the way they started, the champion come SundayNYT; Reuter - 704 words
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438 1994-08-13 24 Reuter TULSA, Oklahoma British Open champion Nick Price is riding high but the sizzling hot Zimbabwean resists the notion that he is occupying any so-called athletic "zone" of mind-numbing excellence. "I certainly don't know what a "zone" is," saidReuter - 438 words
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561 1994-08-13 24 Harvey Araton - Harvey Araton on the behaviour of Team USA at the World Basketball Championships Harvey Araton NYT TORONTO Continuing what has been his coming-out year as a major star and* argufy the leading man on Team USA, Reggie Miller stepped forward on Thursday toNYT - 561 words
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Article, Illustration123 1994-08-13 24 AP HELSINKI Finals at the EuroMtn Championships on Thursday Mem, Hammer 1 Vasiliv Sidorf*cnko (Rus) 81.10 metres 2 Igor As- tapkovich (Bela) 80.40 3 Heinz Weis (Ger) 78.48. 400 a: 1 Du'aine Ladejo (GB) 45.09 sec 2 Roger <Mack (GB) 45.20 3 Matthias Ruslerholz (Swi) 45.%. 200 m: 1AP - 123 words
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Article, Illustration59 1994-08-13 24 AP NEW YORK M*jor League on Thursday American: Detroit 5 Milwaukee 10; NY 7 Toronto 8(13 innings); Oakland 1 Seattle 8; Boston at Baltimore (postponed, rain). National: Houston 6 San Diego 8; Cincinnati 0 LA 2; Colorado 0 At- lanta 13; Florida 6 St Louis 8 (Ift innings); PhiladelphiaAP - 59 words
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Article, Illustration44 1994-08-13 24 AP TORONTO 12th World championship quarter-final round-robin games on Thursday Group I: Australia 94 Puerto Rico 81. Group II: Canada 90 China 58. Consolation Games: Spain 72 Argentina 70; South Korea 89 Egypt 81; Germany 86 Cuba 74; Angola 79 Brazil 78. APAP - 44 words
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Article, Illustration113 1994-08-13 24 AFP COLOMBO Pakistan is planning to add more pressure on a struggling Sri Lankan side by increasing its lead to about 500 runs when play resumes in the first test here today. Opener Saeed Anwar hit a patient 110 not out on the third day to put Pakistan inAFP - 113 words
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Article, Illustration39 1994-08-13 24 AP WOBURN, England Women's British Open first round on Thursday: 68 Pam Wright (GB), Kris Tschetter (US) 69 Cindy Figg-Cur-rier (US). Annika Sorenstam (Swe), Sarah Gautrey (Aust), Alice Ritzman (US) 70 Karen Pearce (Aust), Caroline Pierce (GB). APAP - 39 words
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Article, Illustration88 1994-08-13 24 AP WELLINGTON New Zealand's selectors yesterday recalled North Harbour centre Walter Little to play alongside provincial teammate Frank Bunce in the All Black team to face Australia in the oneoff Bledisloe Cup clash in Sydney next Wednesday. The starting line-up also features the return of Michael Jones on theAP - 88 words
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Article, Illustration578 1994-08-13 24 European Athletics Championships AP HELSINKI, Finland Irina Privalova of Russia became the first double winner at the European Championships on Thursday, adding the women's 200 metre title to her 100 m victory. Rodion Gautallin of Russia defended his pole vaultAP; Reuter - 578 words
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741 1994-08-13 24 George Vecsey - The baseball industry is left in the lurch as the Yankees go on strike, writes George Vecsey George Vecsey NYT NEW YORK Thousands of letters, dozens of shoes, extra T-shirts, assorted gloves and balls, photographs and booklets, cassettes and CDs, all ofNYT - 741 words
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TIME OFF
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Article264 1994-08-13 25 The first mime performance by the Hwa Chong Junior College Alumni Chinese Society. Written by members of the alumni, this performance is actually a collection of ten-minute sketches in free-form mime. Till tomorrow, 9pm at the Jubilee Hall, Raffles Hotel. Tickets at $10. $15 and $20 from Ticket Charge264 words
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Article342 1994-08-13 25 SSO Subscription Scries The SSO (under the batpn of Korean conductor Lim Won Sik this time) will perform two works by Beethoven, namely his Triple Concerto and Symphony No 3 (troica). The former will have three virtuoso roles for three soloists Lynette Seah (violin), Kuei Pin Yeo (piano) and342 words
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Article261 1994-08-13 25 Song Without Words Screened in conjunction with TheatreWorks' festival (see above), this film tells the tragic story of mute orphan girl Chiu Ling (Lucilla Yu Ming). Illtreated by her foster mother, she finds love with Shih-Hsiang (Kelly Lai Chen) but sadly cannot marry him. Aug 18 to 27. Bpm261 words
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Article, Illustration657 1994-08-13 25 CMmm Paintings and ,.L.. Calligraphy Reproductions of masterpieces of Chinese paintings and calligraphy from the National Palace Museum in Taipei, Taiwan, and the Shanghai and Liaoling museums. Till tomorrow, 10am to 10pm at the Paragon. AfricNAsia Art Exhibition This is actually a Zimbabwe stone sculpture exhibition highlighting the art657 words
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Article197 1994-08-13 25 A HVMjr ■WPUB fwO flvl HJS Ong Keng Sen hosts this talk that will give a brief insight into the artistic director's experiences and his new ideas from his stay in New York. Today. 3pm at the Black Box. Fort Canning Centre. Admission is free. You Might Be Smarter197 words
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Article416 1994-08-13 25 SImH LuncMlme Cultural Leslie Tan, Ang Chek Meng, Ng Yu Yingand Lionel Tan. better known as the Tana Quartet, will perform a selection from composers as "diverse" as Kreisler, Smetana and Borodin. Aug 19, 12.30pm at the Shell Theatreite. Shell Tower. Admission is free. Art of Decorative Painting Australian416 words
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Article341 1994-08-13 25 Drum Catcher An exhibition of sculptures by Chong Fah Cheong that reflects his recent experiences in Canada. Using various mediums like wood and marble, this is his seventh one-man exhibition. There will also be a talk by the artist on Aug 19, 7pm. the first day of341 words
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Article121 1994-08-13 25 A Little Older Two lead actors (male and female) for the above-mentioned play to be staged at end-September 1994. Auditionees must be able to portray characters in their mid-twenties. Aug 16. 7pm at the Necessary Stage. For more details, call 733-2716. Toy Factory Ensemble Actors and a stage manager121 words
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Article125 1994-08-13 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum GaL leria, Liang Court, Raffles City. Scotts, Specialists' Centre, Takaskimaya. Cold Storage at Jelita, Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores, Wisma Atria, Centrepoint and Tangs. Hotline: 269-2929.125 words
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PEOPLE
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Article, Illustration259 1994-08-13 25 SOME of the region's top businesswomen gathered at the Shangri-La Hotel from July 17-19 to exchange views, swap stories and discuss deals in other words, to network. The Australian/Asean Women Leaders' Telstra Business Forum, organised by Australian businesswomen and supported by the Australian government, drew259 words
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EPICURE
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Article, Illustration695 1994-08-13 26 SHAHIRON SAHARI - Bm Appetft £y SHAHIRON SAHARI IfJyOU have a hankering for fish-head curry but can't stAid the usual throngs, try Mfthny Tandoori Restaurant. Like other famous fishhefcd curry restaurants, Mahraj is on Race Course Road, right next to the popular A [folio Banana Leaf restaurait,Photos by Chris Loh - 695 words
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Article, Illustration536 1994-08-13 26 CORINNE KERK - By CORINNE KERK TIEY say Ngee Ann City is so luge, you can lose your be irmgs walking from one sh >p to another. Perhaps it is wt h this in mind that a chic lit le tea-room is tucked in a co ner of Takashimaya depa536 words
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668 1994-08-13 26 N K YONG - Wine By N K YONG AMONG the wineries of the Cape, some of which go back more than three centuries, the estate of Thelema Mountain Vineyards is the new boy on the block. Originally a fruit farm, this 157-hectare vineyard, bought by Gyles668 words
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Article, Illustration1007 1994-08-13 28 A CanMdan Confusion. Edward Yang's characters muse about truth and fakery in art and life, while sorting out their relationships. 12. 15 tonight at Picturehouse. Arctic Mm. A city slicker has to bring a murderous poacher to justice in Alaska. Midnight tonight at Lido. Jade, Oriental. Bad Girl*. Madeleine1,007 words
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Page 17 Advertisements
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Advertisement137 1994-08-13 17 *1 w n k n 24-hour "Loan Information Service Approval" 1800 334 3588 *****3 1 3 6 8 8 *?>«££&r~iL^EPSHß^^MK3l9!^l^H^Si niT A' nf MTIIHjI^BBBII k? --dfl^^^H 4/ S-. >, j r »;< ..tsmH^HBIHH ffisßlF 3r HI «p-.- >»'*eZ^@Tßß99Eoi^H^H^H^*^^^^^H jj wa^wW^^^Mß .^jdKiijbj|^2|' al,'' t ■■:r 'i '■■Iftf iTr J. "Jl■ |Hr137 words
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Page 18 Advertisements
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Advertisement27 1994-08-13 18 JUST CALL: 737-1166 Make the connection through The Straits Times Classified when you're looking for bargains or looking for customers. Just gtve us a call. CJLTJ. 1737-11—I27 words
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Page 18 Miscellaneous
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Miscellaneous60 1994-08-13 18 kiiiLJgWJjWPBWPi 1 jo*Jes— wrtflra ycxß f w»p\ Remcmefcfcwc \cpK<e3 <e^— v DCa ftesTfc*DfW C 1 J 555# p* 6E.T «3R PV IVOUSP^C) I rv\\aoN E*LMON POUNDS f\HP WON I P**~ W4e POONESBURY trudeau T AFTER &BMWNG tNNOCBNTT HOUJ mu> IHAPTHt TH*T$ 00*6 CUT ABOUT <£"£*%*"* ZXACTU-. 1 CMWCCST ad, MfACTUALLY60 words
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Page 20 Advertisements
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Advertisement47 1994-08-13 20 You may have been unable to get your Straits Times, Sunday Timas, UanHa Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, cal Customer Services Section on 1800-740-2577, and ask for home or office delivery service.47 words
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Page 23 Advertisements
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Advertisement36 1994-08-13 23 m Kl i* r kJ I HB I SELUNG f POINT If ever you have to sell ice to the Eskimos, I let us offer you a pointer or two. Advertising Marketing. Every Friday. I BusinessTimgs36 words
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Page 25 Advertisements
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Page 26 Advertisements
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Advertisement98 1994-08-13 26 A sumptuous and detigMfcjl spread of afternoon hi lea delicacies awaits you at the Cafe Aladdin. Choose from a tempting variety fish or chicken porridge, siew mai, sotung balls, chicken wings, otak otak, pi 22a, fried rice and nonya kuehs, home-made pastries fresh fruits. All these and lots more, just98 words
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Advertisement58 1994-08-13 26 PICK w£p CWDP^^ ADVERTISE YOUR JOB OPENINGS in On APPOIHTMEHTS" COLUMNS phe EwcutMß Housete** 4 lull any JOB. any career. -ifei AVAILABLE ANY DAY. AriY T,ME anywhere. //f Tf the Straits Times Tn« Sunday Times •usiness Times Tmc new Paper 1 J Li AM Ml IiVTSMT t IftftHl WAM SAO58 words
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Page 27 Advertisements
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Advertisement661 1994-08-13 27 HMingBMbASSB OF "'dfAqh Qen jfarts at ICiqh fflo&n JMfe "^f-| rH\ piS|| Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13.80 (adult) $8.80 (child) A La Carte Menu is also available. All prices are subject to 10% service charge. jT 1% government661 words
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Advertisement251 1994-08-13 27 WHERE TO WINE, DINE AND ENTERTAIN I ft 11 t Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and I sweet favourites. And if that's not enough, our I high tea special also includes karaoke at I Singsation. *$11.50251 words
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Advertisement348 1994-08-13 27 II r fancy 'Beijing? I I I I Tken, we're delighted to suggest the Time I i I Court for amemorable dining experience. I I Onr lunch menu offers a variety of I Han XL" Veijing dumplings, e selection DUIUJ I of set menus, end 'Beijing specialities J such as348 words
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Page 28 Miscellaneous
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Miscellaneous2081 1994-08-13 28 TODAY'S TV 3.00 Tlm Green Hornet. 7.30 CNN (M). ■■HSMZfIH ■FlffiEMa™ U 3.30 Cot Smart 800 Malaysia Airport Report ■HiyMSMI BMtMtMftMH 4.00 Tlm Mountain Ma Slmw. CM). Pukalan Bangau Putih, 3.20pm, Tlm Southern Silk Road, 9am, J-JJ JJo CNN* M SBC 12 SBC 8 6.00 World Wrestling Fedora- 9.30 CNN.2,081 words
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