The Business Times, 20 August 1994
1994-08-20
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The Business Times
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Title Section13 1994-08-20 1 Business Times MITA(P) 010/12/93 Weekend Edition, August 20-21 1994 WE KNOW ASIA 75*13 words
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526 1994-08-20 1 Lilian Ang - By Lilian Ang SINGAPORE Three petrochemical projects worth a total of more than $4 billion are set to take off in the fourth quarter of this year, ushering in a new phase in the growth of Singapore's chemical industry. Together, the plants526 words
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428 1994-08-20 1 K P Nayar - From K P Nayar in NEW DELHI SINGAPORE'S DBS Bank has been granted approval to open a branch in India. A formal announcement of the approval is expected to be made when Prime Minister P V Narasimha Rao visits Singapore428 words
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320 1994-08-20 1 AFP KUALA LUMPUR Malaysian Transport Minister Ling Liong Sik was under pressure to quit yesterday as Prime Minister Mahathir Mohamad's party censured him over a third blaze in two years at the nation's premier airport, throwing flights into chaos. "'LingAFP - 320 words
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286 1994-08-20 1 NEW YORK The management of IBM has urged the company's 110,000 workers in the US to fight for the defeat of two Democratic health-care Bills in Congress. The memo, believed to be the first of its kind for a company with286 words
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2am LATEST
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Article62 1994-08-20 1 Reuter NEW YORK Wall Street stocks edged higher yesterday, but gains were limited on weak dollar and inflation worries. At Ipm EDT. market declines exceeded advances by a small margin on moderate volume of 158 million shares on the New York Stock Exchange. At 2pm EDT,Reuter - 62 words
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553 1994-08-20 1 Shiv Taneja - By! Shiv Taneja SINGAPORE Acting on a tip-ofT, the Commercial Crime Division (CCD) has busted a US$3O million (Ss4s million) letter of credit-related scam with the arrest of a 33-year-old man. The police said yesterday that they believed the man was the553 words
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Article162 1994-08-20 1 Stock Huriwt Imtttw Friday Change ST1I 2,347.17 -10.80 KLSEComp 1,140.70 +4.36 Nikkei 20,512.70 -350.07 Hang Seng 9,404.44 -114.45 SET Index 1,488.62 +4.64 Jakarta Comp 492.81. -0.66 CLSA China B ....1,136.24 -23.78 Aust All Ord 2 ,061.3 -5.5 FTSE 100 3,191.40 +8.8 Friday Prcriow 2pm close Dow Jones 3,757.38162 words
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Page 1 Advertisements
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Advertisement41 1994-08-20 1 attraction: el 1 v' H An investment on wheels SINGAPORE Under this plastic wrap is a car that is giving its owner a run for his money. Story on Pg 2 Takashimaya sales hit $280 m in first year, Pg 241 words
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Advertisement13 1994-08-20 1 COEs: el 4 When should you apply for them? **********1 l 8 *****1''*****213 words
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Advertisement200 1994-08-20 1 t o o* Swckwatch: el s k Jfflec Eltek IPO Asia's Corporate Giants: el 3 Tenaga's electrifying plans I I MHi a I I jjyf M Ifl CORPORATE RESULTS: Maybank profit soars to Ms643m Other results: Eltech Electronics; CWT Distribution, Pg 6 RHAPSODY IN BLUE hand-enamelled in blue, green, red200 words
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Advertisement41 1994-08-20 1 I I Nm* S pore News 2 S pore* aa 6.7 Regional News 3.4 Fauna* 10 Wortl 4.5 Futwfi Mariwtt Opnons EL2 Oob/KLSL SES 1416 PI EL4.5 Regional 12 Reviews ELM World 12 Sports a# Currencies 10 TV/Rate ELI2 Sw*»/Comn»o 1141 words
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SINGAPORE NEWS
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Article, Illustration503 1994-08-20 2 Corinne Kerk - By Corinne Kerk TAKASHIMAYA Singapore has chalked up a sterling $280 million in turnover in its first 12 months here, and is on course to meet its $300 million target for financial year ending next February. DirectorPhoto by Arthur Lee - 503 words
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341 1994-08-20 2 THE fall in retail sales appears to be accelerating, judging from figures released by the Department of Statistics yesterday. Overall retail sales in June were $1.6 billion, 11.7 per cent down in real terms on the same month last year.341 words
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185 1994-08-20 2 ADVANCED Technology Laboratories Inc, a world leader in the development, manufacture and distribution of diagnostic medical ultrasound systems, has opened a sales and service subsidiary in Singapore. ATL Singapore will provide sales, service and clinical support to ATL's growing customer base throughout Asia. Government185 words
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Article, Illustration223 1994-08-20 2 Arthur Lee - Drive this beauty? Good heavens no way! By Arthur Lee THIS IS a file picture of the super-fast Jaguar XJ22O, which costs a cool SS3 million. It's the same as the plasticwrapped car you saw on Pg I. There are just 280 of them in the world, three of which223 words
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373 1994-08-20 2 SINGAPORE Most Asian societies do not put the same emphasis on individual rights as Western countries, said Deputy Prime Minister Lee Hsien Loong. In the second part of an interview with Japanese newspaper Asahi Shim bun. published yesterday. BG Lee said373 words
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310 1994-08-20 2 ESTABLISHED homegrown brands should try to penetrate overseas markets, the Minister of State for Trade and Industry and Communications. Goh Chee Wee, said yesterday. Creative Technology's Sound Blaster and Asia Pacific Breweries' Tiger Beer were examples, Mr Goh said. As for310 words
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149 1994-08-20 2 THE Singapore National Shipping Association (SNSA) plans to be more active in maritime affairs in the Asia-Pacific region. Speaking last night at the SNSA's ninth dinner and dance, president Lua Cheng Eng said this would put the association in touch with the growing regulatory149 words
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432 1994-08-20 2 Quak Hiang Whai - By Quak Hiang Whai THE ECICS group is actively looking for joint-venture partners in the region for leasing and stockbroking business. The group, which controls listed International Factors Singapore (IKS), plans to set up shop in South-east Asia and as far as432 words
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Page 2 Miscellaneous
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Miscellaneous356 1994-08-20 2 ftlgapore: Showers over several areas in the late morning and afternoon, iTemperature range 26 32 ifla ruffli M/tV Cm* Em*i M/U* Cai Buenos Mm 14/08 Clear Auckland 14/05 Ran Amsterdam 18/1! Cloudy Chicago 28/17 tan Bangkok 32/25 Ram Athens 36/24 Clear Honolulu 33/27 tear Bevng. 33/24 Clew Berlin 19/12 Cloudy356 words
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THE REGION
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437 1994-08-20 3 Bloomberg Business News HONGKONG US investment bank Morgan Stanley has predicted a 45 per cent fall in Hongkong's sky-high office prices and a 20 per cent decline in rents over the next three years. In a report issued to its clientsBloomberg Business News - 437 words
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264 1994-08-20 3 NST JOHOR BARU Two companies have submitted their proposals on a light rail transit (LRT) system for Johor Baru to the state government. A light rail transit (LRT) system has been proposed for Johor Baru to improve public transport here. ThisNST - 264 words
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364 1994-08-20 3 Lim Soon Neo - From Lim Soon Neo in HONGKONG HONGKONG'S major banks will raise their prime rates from Monday to 7.75 per cent per annum from 7.25 per cent. This is the third time this year they are raising rates in line364 words
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365 1994-08-20 3 AP BEIJING China said yesterday it was firmly opposed to a US plan to use the World Bank and other lending bodies to push for labour rights in borrowing countries. President Bill Clinton is expected to sign a Bill thatAP - 365 words
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Article, Illustration72 1994-08-20 3 Reuter KUALA LUMPUR Leaving on a jet plane for passengers at Malaysia's Subang international airport yesterday must have been one frustrating experience: Flights were delayed by one to two hours. A fire last Saturday damaged the airport's approach radar system. All planes are now being manually guidedReuter - 72 words
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NOTE BOOK
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Article84 1994-08-20 3 AP TOKYO Japan will award 7.7 billion yen (*****.1 million) in aid to Vietnam, a Foreign Ministry official said yesterday. The aid package will be announced by Prime Minister Tomiichi Murayama during a visit to Hanoi later this month. The package will include fundingAP - 84 words
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Article, Illustration31 1994-08-20 3 AFP BEIJING Commemorative bronze plaques of China's paramount leader Deng Xiaoping at a Beijing bookstore yesterday. Mr Deng will celebrate his 90th birthday on Monday. AFPAFP - 31 words
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79 1994-08-20 3 AFP TOKYO The Japanese government is considering plans to help set up a private foundation to give money to "comfort women" forced to provide sex for Japanese soldiers before and during World War 11. the Asahi daily said yesterday. The government would meet the administrativeAFP - 79 words
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44 1994-08-20 3 AFP MANILA The Philippines' gross international reserves rose 3.3 per cent in July to reach to U557.75 billion (SSU.6 billion), an all-time high, the Central Bank said on Thursday. The June 1994 figure was US$7.5l billion. AFPAFP - 44 words
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82 1994-08-20 3 Knight-Ridder NEW YORK Hongkong-based telecommunications companies are expected to benefit from forthcoming reform in China's telecommunications industry, according to a Salomon Brothers' report. Analyst Andrew Harrington said in the report that power has shifted away from the conservative Ministry of Posts and Telecommunications toKnight-Ridder - 82 words
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227 1994-08-20 3 AFP TOKYO Thousands of individual investors rushed to bid for stock in cigarette giant Japan Tobacco ahead of its partial privatisation next month, a Ministry of Finance official said yesterday. The Tokyo government was awaiting the results of the share offer, soAFP - 227 words
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Article1607 1994-08-20 3 aa nw eta nm n®_ atj m eta no Abo Pbabi GA976 0010 Conow SRI83 2105 Amman RJ187 0100 Qmm&m CA978 0930 Amsterdam SQ25 0630 KL838 2300 Hanszfcou MI931 2015 MI932 0905 KL837 5(3324 2345 Hanoi VN741 1310 SQ176 1130 Auckland NZ21 1735 BAH 1505 SQ1751,607 words
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222 1994-08-20 3 Reuter JAKARTA Indonesia's halfpoint rise in interest rates is designed to support the rupiah, encourage savings and combat inflation, analysts and bankers said yesterday. The increase was a response to Tuesday's US interest rates rise, but also signalled the central BankReuter - 222 words
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209 1994-08-20 3 Reuter WELLINGTON New Zealand Prime Minister Jim Bolger and Alliance Party leader Jim Anderton traded insults on Thursday as the central bank asked financial markets and the public to show restraint in the face of rising inflation. The Reserve Bank ofReuter - 209 words
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REGION /WORLD
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386 1994-08-20 4 KnightRidder SINGAPORE Malaysia looks set this year to record a trade deficit of up to M 55.4 billion (553.19 billion), and the export/import balance is likely to stay in the red for another three years. Malaysia's buoyant economic modernisation, and the consequentKnight- Ridder - 386 words
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424 1994-08-20 4 Reuter BOMBAY India announced further liberalisation of its currency regulations to usher in full rupee convertibility on current account from today, the Reserve Bank of India (RBI) said. The changes under India's economic reform programme eased regulations for those travelling overseas andReuter - 424 words
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223 1994-08-20 4 PORT MORESBY Papua New Guinea Commerce and Industry Minister David Mai yesterday said he would revoke the satellite communications licence of Singapore company Pansat Communications. Mr Mai was quoted by Agence France-Presse as saying that Pansat obtained its licence, issued in223 words
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264 1994-08-20 4 Reuter TOKYO After several years of heated dispute with Washington, Japan decided yesterday to lift its ban on imports of American apples. An Agriculture Ministry spokesman said Japan made the decision after judging that US apples were safe to import, havingReuter - 264 words
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Article, Illustration74 1994-08-20 4 Reuter MOSCOW Criminals in Moscow will think twice before they hit the streets of the Russian capital. This racketeer, who was arrested following a raid at a street market in Moscow on Thursday, was held down by his hair by one member of the InteriorReuter - 74 words
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281 1994-08-20 4 AFP SEOUL South Korea's trade deficit with Japan is expected to balloon to record levels of more than US$lO billion (SSIS billion) this year, despite the strong yen, the Bank of Korea said on Thursday. "When the yenAFP - 281 words
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261 1994-08-20 4 Reuter NEW DELHI More than 8,000 demonstrators marched < yesterday in protest against the i Indian government's plans to < privatise the telecommunica- j tions industry, saying the move would mean job cuts. The National Telecom Staff Federation (NTSF), leading the j protest,Reuter - 261 words
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350 1994-08-20 4 Harish Mehta - By Harish Mehta SINGAPORE US elevator maker Otis yesterday signed a joint-venture agreement to sell its products in south Vietnam, about two months after signing a deal covering the north of the country. Otis, the world's largest elevator maker, has invested350 words
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Article, Illustration271 1994-08-20 4 Reuter WASHINGTON Moderate US Senate Democrats and Republicans will unveil today a compromise health reform plan that aimed to revive the sputtering reform initiative and cast health care in starker economic terms. The group, known as the "mainstream coalition", hopes to shift theReuter - 271 words
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Page 4 Advertisements
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Advertisement8 1994-08-20 4 Clinton compromise may rescue crime Bill, Pg 58 words
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Page 4 Miscellaneous
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Miscellaneous82 1994-08-20 4 tuptts urn OV q? Tweße Iwe p*n paTnuDe) CmS. ORISTOU) ?J fWROPiCH) I J V ——yr-S Vj4iro per -we roomorr..J V—rr -> y C ASSOCIATED NEWSPAPERS LTD 1962-1994 {h C-f-0 9253 DOONESBURY GARRY TRUDEAU s CohMKl) f THATSa\ JJ FAROUT! no, n0... ZONKSR? (~~7) HJHATS UAKB-UP I VWA& tMJUST PHONS!82 words
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THE WORLD
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448 1994-08-20 5 Democrats trim programmes to win Republican converts NYT, Reuter WASHINGTON President Bill Clinton and Democratic congressional leaders emerged from an emergency White House meeting on Thursday with what aides said was a compromise that could gain enough Republican converts to rescue the crime BillNYT,; Reuter - 448 words
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296 1994-08-20 5 FT MOSCOW The Russian government has begun to brace the country for a painful round of big industrial bankruptcies in the state sector. Deputy Prime Minister Oleg Soskovets, who chairs an emergency commission convened to deal with the mounting debt crisis,FT - 296 words
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Article, Illustration69 1994-08-20 5 AFP LONDON This Gibson Flying V guitar fetched an electrifying £50,000 (Ssl 16,000) at an auction on Thursday of memorabilia belonging to seventies rock legend Jimmi Hendrix. The rocker's shiny coat, shown here on an employee of auction house Bonham's, sold for £22,000. TheAFP - 69 words
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WORLD WATCH
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116 1994-08-20 5 Reuter GAZA PLO leader Yasser Arafat said yesterday he would keep discipline in Palestinian self-rule areas and not allow the militant Islamic group Hamas to destroy his 11-month-old peace deal with Israel. Mr Arafat was speaking at a joint news conference with Norwegian ForeignReuter - 116 words
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131 1994-08-20 5 Bloomberg Business News LONDON BRITAIN'S trade deficit with countries outside the European Union widened to a lower-than-expected £418 million (*****.4 million) in July as trade in oil swung to a deficit for the first time since January. The June deficit was revised to £392Bloomberg Business News - 131 words
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61 1994-08-20 5 Bloomberg Business News LONDON The Russian government has arrested 10 officials at the Russian central bank, charging that they had "allocated loans in a criminal fashion", the Financial Times said yesterday. The accusation is particularly sensitive because the government is currently debating whether the centralBloomberg Business News - 61 words
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Article88 1994-08-20 5 Reuter BRUSSELS Nato will leave the question of who should become its secretary-general following the death of Manfred Woerner until next month, an alliance spokesman said yesterday. "There will be no formal consultations on the succession to Mr Woerner before the beginning of September," he said.Reuter - 88 words
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349 1994-08-20 5 Bloomberg Business News TOKYO US Trade Representative Mickey Kantor said on Thursday that there were no major differences of opinion between American and Japanese negotiators on setting criteria for gauging foreign penetration of Japan's markets, Nikkei English News reported.Bloomberg Business News - 349 words
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SHIPS IN PORT
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Article621 1994-08-20 5 Vettri Voy Wo Berth Vilval Peparhie Vend ivy No Berth Arrival Departure Jurong Port >*<** p 03/94 poia 1906/1530 2008/0500 Bitot, tod* N138 a tonpOe 20.08/2000 Auto Mas 04 CO7 20 01/2300 21 08/1400 Ehnsa 4/8 1/94 17/8 tongsafc 2008/0900 BauMuncul *****6 POIA 20 08/0(30 20.08/2300 Kmt621 words
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Article1645 1994-08-20 5 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booting/Balance Rslts Ship Voy No Etb/Btr Period From To From ta Ddt 200A 21/0500 3 20/0/00 20/1159 20/1400 4 20/1200 20/1459 20/1200 Aci Ute 05« 20/1500 1A 19/1500 19/1459 19/1900 Anro1,645 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article19 1994-08-20 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, Illustration146 1994-08-20 6 Quak Hiang Whai - -By Quak Hiang Whai COULD it be Pacific Can Investment's turn now in the rotational play seen in the market these days? The stock has missed out on the current good run in the market and has fallen sharply from above $3 earlier this year to $1.68. The146 words
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524 1994-08-20 6 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR MALAYAN Banking Bhd has outperformed market expectations by reporting a 65 per cent increase in group net profit to M 5643.77 million (*****.5 million) for the year to June 30. Earnings per share rose524 words
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Article, Illustration468 1994-08-20 6 Corinne Kerk - By Corinne Kerk SINGAPORE Transmarco, the listed marketing and distribution subsidiary of Metro Holdings, has seen a surge in its share price on rumours of a takeover. Transmarco's shares closed 30 cents higher at $5 on a volume ofSource: Bridge Info - 468 words
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251 1994-08-20 6 Harish Mehta - By Harish Mehta SINGAPORE Rothmans of Pall Mall (Singapore) has become the first foreign firm to be granted a licence to open a sales office in Ho Chi Minh City to market its cigarettes produced in Vietnam. Vietnam News251 words
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416 1994-08-20 6 Amy Balan - By Amy Balan SINGAPORE Hotels and leisure tycoon Ong Beng Seng may be extending his presence in the US retail fashion market. Reports in Milan and London said Milan-based Simint SpA, the ailing clothing company owned by Italian clothing czar Giorgio Armani, plans416 words
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639 1994-08-20 6 S N Vasuki - HOCK LOCK SIEW By S N Vasuki SINGAPORE Regional funds that pool money from large institutions and high net-worth individuals to invest in major infrastructure projects have become all the rage in Asia. But why are fund managers and banks hesitant to639 words
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201 1994-08-20 6 SINGAPORE Contract manufacturer Eltech Electronics' net earnings rose 31 per cent to $2.7 million as turnover grew 45.3 per cent to $62.83 million for the interim period to June 30. Its earnings per share was 3.29 cents compared to 2.51 cents for201 words
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232 1994-08-20 6 SINGAPORE CWT Distribution's group after-tax profit at half time rose 15 per cent to $3.4 million. However, group earnings per share (EPS) fell 3 per cent year-on-year to 3.29 cents for the six months to June 30, 1994. This was because of232 words
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Article, Illustration732 1994-08-20 6 Reuter MALACCA Around 50 years ago, Loy Hean Heong was a boy "born in the wrong place at the wrong time", surviving the Japanese Occupation of Malaysia by eating rats and monkeys and even his family cat. ThirtyReuter - 732 words
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COMPANIES
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542 1994-08-20 7 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR NEWLY-listed United Merchant Group Bhd (UMG) yesterday announced plans to acquire a 41 per cent stake in Ban Hin Lee Bank Bhd and 70 per cent of Perdana Merchant Bank Bhd542 words
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Article, Illustration454 1994-08-20 7 William Chia - By William Chia SINGAPORE Listed Indonesian polyester producer PT Indorama Synthetics is investing 294.3 billion rupiah (*****.2 million) in a new polyester plant that will make it the country's largest producer by 1996. Indorama senior finance manager Arvind Parakh told BT that454 words
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Article, Illustration365 1994-08-20 7 Agnes Chen - By Agnes Chen SINGAPORE Malaysia's Construction and Supplies House (CASH) will operate a 282,800 hectare timber concession in Papua New Guinea for the troubled Sabah Foundation, a source close to the deal said yesterday. The foundation is still negotiating with the PNG government onSource: Bridge Info - 365 words
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235 1994-08-20 7 SINGAPORE Net earnings at Superior Metal Printing Ltd were down 28.6 per cent to $1.3 million for the half year to June 30. Announcing its interim results yesterday, Superior Metal said turnover at the company level was down 4.3 per cent to $11.8 million235 words
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226 1994-08-20 7 SINGAPORE A San Teh unit yesterday signed a loan agreement with 10 banks to raise U5519.07 million (5528.6 million). The loan, arranged by Standard Chartered Merchant Bank Asia, will be used to finance partly the purchase of plant and machinery226 words
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285 1994-08-20 7 MBT KUALA LUMPUR Keck Seng Bhd has entered into a conditional sale and purchase agreement with Cassina (M) Sdn Bhd to dispose of a 60 per cent stake in its subsidiary. Plantation Development Sdn Bhd (P&D) for MS63 million (5537.2MBT - 285 words
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245 1994-08-20 7 SINGAPORE Precision plastic moulding company First Engineering closed at 68.5 cents on its debut on the junior board yesterday, giving a premium of 20.2 per cent on its fixed-price ofTer of 57 cents and 18.1 per cent on its placement price of245 words
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226 1994-08-20 7 SINGAPORE Telecommunications equipment supplier Datacraft Asia signed a jointventure deal with one of India's leading computer makers yesterday to expand its products and services to the Indian subcontinent. Datacraft Asia, which plans to seek a local listing this year, is the226 words
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176 1994-08-20 7 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange yesterday clarified that it implemented the so-called "blacklist system" on the legal principle of "a right to be heard". General Manager Mohamed Salleh Abdul Majid said: "Once a report is received from a member company (stockbroker)Bernama - 176 words
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COMPANY BRIEFS
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58 1994-08-20 7 SINGAPORE Yeo Hiap Seng said yesterday that 97.57 per cent of a total of 22.63 million warrants were exercised on their expiry date last week. As of Aug 13, some 22.08 million YHS shares were allotted as a result of the exercise of warrants.58 words
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65 1994-08-20 7 SINGAPORE A company related to Sunshine Allied Investments will acquire a 30 per cent equity stake in Upali (Malaysia) from Nestle (Malaysia) on Dec 31. The related company is Grand Central Investment Holdings. The sale of the stake by Nestle will result in65 words
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62 1994-08-20 7 SINGAPORE Singapore Technologies Industrial Corp (STIC) has acquired additional shares in two associate companies of Sembawang Industrial. The firms are Singapore-Wuxi Investment Holdings (SWIH) and Wuxi International Management Services (WI). STIC has raised its equity interest in SWIH from 36 per cent to62 words
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34 1994-08-20 7 SINGAPORE Electro Magnetics (1992) has appointed William Yee Chee Kong its financial controller. A chartered accountant, Mr Yee has experience in senior management in the regional banking and finance industry.34 words
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Article36 1994-08-20 7 SINGAPORE Bukit Sembawang Estates has appointed Teo Kim Yam as a director of the company and its subsidiaries. He has also been appointed a member of Bukit Sembawang Estates' audit committee.36 words
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Article26 1994-08-20 7 SINGAPORE Courts (Singapore) announced last night that it has bought a warehouse at 22, Pandan Road. It gave no further details.26 words
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Article79 1994-08-20 7 Bernama KUALA LUMPUR Actacorp Holdings Bhd may be the target of a reverse takeover by a bumiputra-controlled company and may be involved in a mega privatisation project based on latest developments involving the company. Actacorp yesterday signed an agreement to sell 10,032,508 of its shares ofBernama - 79 words
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Article60 1994-08-20 7 SINGAPORE In our report yesterday headlined, "UOB leads pack with rise in prime rate to 5.75 per cent", we said UOB lifted its savings deposit rate by a quarter of a percentage point. UOB has clarified that its savings rates were raised by between 0.25 and 0.560 words
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Article1196 1994-08-20 7 MMagcrV prfawt Aug 20 22 Mcndaki Gr Fund 1 20 1.23ft Singapore Unit Trust user Fund 1.00 km* HUB u J The Commerce 1.66 1.76 Umo InVCSl fflgl Llfl The Savings Fund 159 1.68 Unifund 1.55 1.61 S'pore Prog Fund 0.72 0.76 Inibond 1.035 1.060 S*pore See Fund 104 I.IOxd1,196 words
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459 1994-08-20 8 Reuter SEOUL South Korea's largest electronics maker. Samsung Electronics Co Ltd. is confident a semiconductor sales boom, which helped it to a 408 per cent profit rise in the first six months of 1994, will continue for the full year. A spokesman from SamsungReuter - 459 words
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Article, Illustration297 1994-08-20 8 Reuter BEAVERTON, Oregon Nike Inc on Thursday said it expected to report net income for the first quarter ended Aug 31 of US$l.35 (552.03) to US$l.45 per share, lower than analysts' expectations of US$l.45 to US$l.75 per share. It earnedReuter - 297 words
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219 1994-08-20 8 Bloomberg Business News HONGKONG Stock in Shun Tak Holdings Ltd, the major public investment vehicle of gambling and real estate tycoon Stanley Ho, has fallen 12.5 per cent in the last week, making it by far the biggest decliner on theBloomberg Business News - 219 words
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277 1994-08-20 8 Reuter FRANKFURT German airline Deutsche Lufthansa AG said yesterday it had returned to profit in the first half of 1994 and was confident it would be able to pay a dividend for the first time in four years. The airline reported pre-tax profitsReuter - 277 words
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344 1994-08-20 8 Reuter TOKYO Pioneer Electronic Corp, hit by the high yen and sluggish demand for audio sets and car stereo cassette players, said yesterday its group pre-tax profits slumped by almost half in the first fiscal quarter to June 30. WhileReuter - 344 words
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COMPANY BRIEFS
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110 1994-08-20 8 Bloomberg Business News HONGKONG The Kuok family, the controlling shareholders of Shangri-La Asia Ltd, sold 40 million or 3.8 per cent of the hotel company's shares for HKS46O million (5589.5 million) or HKSI 1.50 a share on Thursday, the Hongkong Economic Times reported yesterday.Bloomberg Business News - 110 words
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Article70 1994-08-20 8 AFP BOMBAY Reliance Industries, India's corporate giant, yesterday said sales in the first quarter of fiscal 1994/95 were up by 25 per cent over the corresponding period last year. Company chairman Dhirubhai Ambani told shareholders here that sales between April and June were worthAFP - 70 words
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86 1994-08-20 8 Reuter NEW YORK Continental Corp on Thursday said its board, citing the need to strengthen the company's capital base, voted to eliminate the quarterly cash dividend of US 25 cents a share on its common stock. The company also said it has been reviewing alternatives forReuter - 86 words
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88 1994-08-20 8 Bloomberg Business News SHANGHAI Shanghai Steel Tube yesterday said its net profit for the six months to June 30 was 29.2 million yuan (Sss.l million), 46 per cent of its profit forecast for the year. First half sales totalled 363 million yuan, 45.4Bloomberg Business News - 88 words
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FINANCE & COMMODITIES
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441 1994-08-20 9 Soh Tiang Keng - DBS is still biggest bank in Asean based on capital, survey shows By Soh Tiang Keng SINGAPORE Three Singapore banks arc among the top 200 banks in the latest ranking of the world's 1,000 largest banks by Institutional Investor magazine.441 words
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Article, Illustration48 1994-08-20 9 AFP TOKYO Tired dealers rubbing their eyes during a busy morning session in the foreign exchange market yesterday. The US dollar plunged at the opening to a low of 98.69 yen and ended at 98.55 yen, 1.39 yen lower than the day before. AFPAFP - 48 words
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299 1994-08-20 9 Bernama KUALA LUMPUR The Biro Maklumat Cek global closure guidelines introduced by Bank Negara early last month have successfully reduced the number of blacklisted account holders by 50 per cent. A Bank Negara spokesman yesterday said that as at endJuly, currentBernama - 299 words
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185 1994-08-20 9 SINGAPORE China's Shandong International Trust and Investment Corporation (Sitic) is tapping US$l3O million (SSI9S million) from the capital markets of Singapore and Asia through a five-year floating rate note (FRN). To be issued at par, the note bears a coupon of 0.6 per185 words
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SMALL CHANGE
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Article71 1994-08-20 9 Bloomberg Business News HONGKONG Hongkongßank, a unit of international banking conglomerate HSBC Holdings, was expected to sell HK$l billion (S$ 194.7 million) worth of three-year floating rate certificates of deposit yesterday. The financing is being arranged by HSBC Markets, the treasury and capital markets unit ofBloomberg Business News - 71 words
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Article78 1994-08-20 9 Bloomberg Business News KUALA LUMPUR Rating Agency Malaysia Bhd has assigned an AA3 rating to the debt of Development Commercial Bank Bhd, the agency said. D&C Bank is Malaysia's fifth largest bank in terms of assets. The AA rating represents "high safety of timelyBloomberg Business News - 78 words
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Article71 1994-08-20 9 Reuter WASHINGTON A key House lawmaker has asked banking and Wall Street regulators if they are investigating charges that Nationsßank engaged in sales practices that broke US bank and securities laws. "I find the press reports of deceptive sales practices at Nationsßank very troubling," Representative HenryReuter - 71 words
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76 1994-08-20 9 Knight-Ridder TAIPEI Taiwan's finance ministry has agreed to allow the overseas branches of five local banks to conduct business with their counterparts in China, the Central News Agency reported. Overseas branches of the five banks will be allowed to accept deposits, handle remittances, issueKnight-Ridder - 76 words
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395 1994-08-20 10 Reuter WASHINGTON The current surge in commodity prices is likely to prove much smaller and more short-lived than that of the *****, although some commodities could still enjoy big price gains, the World Bank said on Thursday. "Price increases during this boomReuter - 395 words
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320 1994-08-20 10 Bloomberg Business News SEATTLE A US federal judge has given preliminary approval to a plan in which seven major oil companies will pay US$ll2 million (SSI6B million) to projects in four Western states for conspiring to fix petrol pricesBloomberg Business News - 320 words
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Article, Illustration408 1994-08-20 10 DBS weekly currency review LS$/mark: bear trend resumes? US$/mark collapsed to a low of 1.5420 on Tuesday before recovering fiercely to 1.5675 that night after the US rate hike. But the bullishness was short-lived, as selling returned to drag the unit to a low of 1.5410408 words
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313 1994-08-20 10 Reuter CHICAGO The Chicago Board of Trade has a good chance of drawing international participation when it launches the first edible oils index futures contract next month, exchange and industry, say officials. "By taking the four oils (in the index)Reuter - 313 words
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326 1994-08-20 10 Reuter LONDON Sugar prices, long stuck in a fairly narrow range, are unlikely to move higher, ED F Man said yesterday. "With much of the anticipated offtake now potentially postponed until at least the first quarter of 1995, neither the nearby switch values norReuter - 326 words
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174 1994-08-20 10 Reuter BEIJING In an effort to combat "price wars" for scarce silk materials, China Silk Import and Export General Corp and its 32 local units have set a ceiling price of 180,000 yuan (5531,400) to 200,000 yuan per tonne for purchases by factories.Reuter - 174 words
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Article, Illustration125 1994-08-20 10 THE SINGAPORE dollar touched another record high against the US dollar yesterday at 1.5026. The Malaysian ringgit was slightly higher against the US$ in active trade. Persistent rumours over an anticipated weekend election announce- ment kept the local currency buoyant despite some profittaking early inCharts by Dow Jones Telerate - 125 words
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Article202 1994-08-20 10 Bloomberg Business News LONDON The dollar was little changed against the mark and the yen amid concern that higher US interest rates are failing to attract investors and worries about the US trade position with Japan. Traders are becoming increasingly pessimistic about the outlook for the US currency. TheBloomberg Business News - 202 words
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Article91 1994-08-20 10 AFP NEW YORK The dollar was mixed against other major currencies yesterday in a seesaw session in New York, where investors were reluctant to commit themselves before the weekend. At about 1345 GMT, the dollar traded at 1.5440 marks, up from 1.5433 late Friday, and at 98.65 yenAFP - 91 words
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181 1994-08-20 10 Bloomberg ENERGY REPORT LONDON Brent crude oil futures were stable yesterday, following Thursday's 2 per cent drop amid increased optimism that oil supplies are sufficient to meet current needs, offsetting Nigerian concerns. At 4.30pm London time. Brent crude here was one cent181 words
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Article, Illustration1550 1994-08-20 10 nde-netghtrd indrr tvlmlaml annn\i S'pure'i lop 14 trading partixm Box traar US$/S$ forward rates Noon Aug 19 ss BU Offer S -month I.SOI} 1.5029 f-month ***** ***** -month ***** 1.5016 r -month 1.4977 ***** Source: OCBC s OREIGN CURRENCY HOTE RATES ts at Im m Aug 19 Singapore dollars lo1,550 words
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COMMODITIES & FUTURES
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Article1332 1994-08-20 11 SIMEX REPORT Reuter SINGAPORE Simcx Euroyen and Japanese government bond (JGB) futures got a boost from the growing strength of the Japanese currency against the US dollar. "Euroyen, JGBs and the Nikkei are all influenced by the dollar/yen rate,' a dealer said. Buyers of EuroyenReuter - 1,332 words
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696 1994-08-20 11 COMMODITY REPORTS Gold HONGKONG: Gold extended its New York gains to close slightly firmer, buoyed by the weaker US dollar. Gold ended at U*****.30/80 an ounce, up slightly from the local opening and New York's Thursday close of U*****.90/381.40. "Gold's tone remains696 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article39 1994-08-20 11 SYDNEY Australia's Broken Hill Proprietary yesterday said its domestic steel shipments rose 12 per cent and exports were up 19 per cent in the two months ended July 31, compared to a year earlier.39 words
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75 1994-08-20 11 SYDNEY Australian rice production could reach a record 1.25 million tonnes in 1994-95 (July-June) depending on water supplies, according to early estimates by the growers association. The association said there is likely to be a significant increase in plantings along the Murrumbidgee River, which75 words
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59 1994-08-20 11 NEW DELHI India's cotton output in the 1993-94 (Sep-Aug) season is being revised to 12.3 million bales (170 kg a bale), from an earlier esti- mate of 11.7 million, an official of a trade association said. He said the 1993-94 cotton output is59 words
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Article45 1994-08-20 11 KUALA LUMPUR Malaysia's cotton imports in the Jan-April period were 15,155 tonnes, up from 12,204 a year earlier, according to the Statistics Department. Imports in April were 4,718 tonnes, down from 5,856 in March, but up from 4,451 in April 1993.45 words
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100 1994-08-20 11 TOKYO Gold Star Cable, one of South Korea s largest purchasers of spot copper, said yesterday it is overbought and will be out of the spot market until the end of the year. Gold Star, a large manufacturer of copper cable, rod and100 words
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Article1432 1994-08-20 11 Rubber Aug 19 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) luyers IslUu ~77TII~TI As at 12 noon (S cents/kg) RSS 1 Contract (S cents/kg) 77— —volume 7T— RSS 2 Sep 94 209.00 2IO.OON Month High Low Sett (tonnes) Interest **SS 3 Sep 94 208.00 209.00N1,432 words
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REGIONAL STOCK MARKETS
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Article1034 1994-08-20 12 -5.5 SHARES eased yesterday despite rallying gold stocks, following a weak performance on Wall Street, brokers said. The key All Ordinaries Index closed at 2,061.3 points, 5.5 lower. The All Industrials Index ended 16.0 weaker at 3.003.1 while the All Resources index rose 3.2 to 1,355.5. Turnover was 176.41,034 words
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Article652 1994-08-20 12 +2.63 Bargain-hunters gave the bourse a slight lift just half an hour before the close yesterday to buck a selling mood that prevailed during most of the day. The PSE Composite Index added 2.63 points to settle at 3,006.70. Volume was 4.99 billion shares valued at 1.49 billion pesos.652 words
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Article578 1994-08-20 12 180.22 Stocks enjoyed big gains across the board, boosted mainly by Taiwan's improving economic performance. The 376-issue Weighted Price Index jumped 1X0.22 points, or 2.73 per cent, to settle at 6,766.38. Turnover swelled to 2.33 billion shares valued at NTS 109.7 billion. The market opened slightly higher and a578 words
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Article425 1994-08-20 12 -3.25 Share prices skidded yesterday, influenced by reports the government would investigate stock investments by local banks. The Composite Price Index lost 3.25 points to close at 943.23, after enjoying a modest gain to the 950 level in the morning session with incentivebacked blue chips attracting players. Turnover dwindled425 words
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Article315 1994-08-20 12 -6.65 Shares declined on a drop in New York and on lingering concerns about inflammatory antimarket comments coming from the nation's most popular opposition leader, traders said. On the upbeat side, a statement from the central bank that inflation rises aren't likely to warrant a credit tightening this315 words
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Article115 1994-08-20 12 -65.55 Shares ended lower as speculators sold ahead of four days of holidays and local mutual tunds and foreign investors kept to the sidelines, brokers said. The 30-share BSE Sensitive Index closed 65.55 points down at 4.468.78 and the 100-share National Index was 19.31 lower at 2,114.90. "There was115 words
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WORLD STOCK MARKETS
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Article896 1994-08-20 12 +8.8 STOCKS rose as gains in electricity, chemical and water shares offset concerns about a lower dollar and higher US inflation. The FT-SE 100 Index climbed 8.8 points to 3,191.40. Electricity shares led stocks higher, amid expectations for higher profits and dividend growth now that an industry pricing review896 words
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Article152 1994-08-20 12 -9.21 French stocks fell as concerns about German interest rates heightened and the US dollar weakened further. Kate gloom persisted after a Bundesbank council member said the Bundesbank's Monetary Policy council on Thursday elected to freeze the German securities repurchase rate at 4.85 per cent in order to dampen152 words
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Article166 1994-08-20 12 -7.60 German stocks continued to fall in after-hours screen trading, closing 0.4 per cent lower as a weakening dollar fed fears of lower German export earnings. The DAX Index fell 7.60 points to 2,143.84. extending a sell-off that began on Thursday when the Bundesbank left interest rates unchanged. Insurer166 words
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Article167 1994-08-20 12 +222 Italian stocks gained for the second day in a row as the recent selling subsided and Italian bonds gained. It was the first time the market rose on consecutive days since the first two days of August. "All the overseas investors have sold what they are going to167 words
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Article155 1994-08-20 12 -2.26 Belgian stocks dropped for a second day after a decline in the dollar and rising bond yields weakened the outlook for corporate earnings. The Bel-20 Index fell 2.26 points to 1447.20. "The dollar's weak, the New York stock market was feeble and there's no improvement in bond yields,"155 words
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Article147 1994-08-20 12 +4.90 Swedish stocks gained as investors waited lor the opposition Social Democrat party to outline details of its budget plans, in which it proposed savings of 61 billion kronor. The OMX Index gained 4.90 points to 1.096.52. The Swedish general election is scheduled for Sept 18. Last month, the147 words
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Article261 1994-08-20 12 -0.69 Dutch stocks closed lower as a weak dollar threatens to reduce the profits of companies selling goods in the US. The EOE Index fell 0.69 of a point to 413.48. A total of 11.1 million shares were traded. Shares of companies that sell many of their goods and261 words
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Article235 1994-08-20 12 -25.7 Swiss stocks fell as a weak dollar and interest rate con- cerns pushed down hank and industrial shares. The SMI Index closed down 25.7 points at 2.557. Leading the decline were financial stocks sensitive to interest rates, like Union Bank of Switzerland and CS Holding and companies with235 words
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Article305 1994-08-20 12 -16 South African shares ended mixed in messy trade on yesterday, off the day's mild highs mainly amid disappointment on gold's failure to follow through and lack of firm movement in overseas markets. The still strong financial rand and weekend were also dampening activity. The Overall Index was 12305 words
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Article252 1994-08-20 12 -3.50 Stocks continued to trade mixed at midday with little news to jolt the market out of its normal summer slumber. "There's no real news coming out and we're just waiting for the summer period to end." one trader said. The TSE-300 Composite Index edged down 3.50 points to252 words
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Article710 1994-08-20 12 -5.83 The Dow Jones Industrial Average, which dropped 21.05 points on Thursday, was down 5.83 to 3,749.61 at Nam EDI'. The key barometer was ahead 3.56 points shortly after the market opened. The NYSE Composite Index was off 0.24 to 255.25, while Standard Poors 500-stock Index was down710 words
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Article551 1994-08-20 12 Vienna Aug 19 Aseh AIIA 2120 70 Bjnk AvMiialP) until < A BV V/ 668 EVN 1414 10 tlughJlrn 489 2 I en/ mg 1275 +5 loklin 4J7 I Macaba HIJ V/ 1200 5 OFMV V2 »7J 7 V rci hnt4ofie 1108 4 VrHvhci M4 *4 Veibund Mil* A 6S7551 words
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Article, Illustration3053 1994-08-20 13 Bloomberg Business News HONGKONG Stocks fell yesterday as investors anticipated that companies here would post smaller earnings growth than their counterparts in Asia. "We expect Hongkong companies to post earnings growth less impressive than those in other markets like Philippines and Thailand," said an investment manager. Fund management firmsBloomberg Business News; Source: Bridge Info - 3,053 words
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Article, Illustration540 1994-08-20 13 SHANGHAI B shares fell 25.78 points to 862.89 on dismal earnings posted by Forever Bicycle and fears about rising inflation in China. The company announced poor interim earnings just one month after telling international investors that all was well. Forever Bicycle slumped 12.9 per cent to 33.8 US cents,540 words
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Article, Illustration2524 1994-08-20 13 Reuter TOKYO Stocks ended sharply lower yesterday as sentiment was hurt by the firm yen. Brokers said that dealer selling and arbitrage-linked selling also hit share prices, but trade was relatively calm despite the drop as many investors remained sidelined. "It is really disappointing for investors to see theReuter; Source: Bridge Info - 2,524 words
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Article, Illustration1766 1994-08-20 13 Reuter BANGKOK Stocks closed at the day's high on scattered late buying after fluctuating throughout the day. The SET Index closed 4.64 points higher at 1,488.62. Turnover was a heavy 14.75 billion baht. "Falls in key foreign markets, led by the Dow Jones overnight, affected the Thai market inReuter; Source: Bridge Info - 1,766 words
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Article, Illustration1151 1994-08-20 13 Reuter JAKARTA Share prices closed lower on profit-taking by local players after a sharp surge this week on the back of overseas support. *This was a natural step after a week-long rally." one local broker said. Some brokers saw the consolidation as a delayed reaction to the US interestReuter; Source: Bridge Info - 1,151 words
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Article2433 1994-08-20 14 M03T ACTTVE ¥OMnt Bcija\a L Wt99 8.542.000 CASH 50c 6.895.000 Mulpha Intl 50c 6.375.000 I'romct 6.073.000 Mull i-Purpose 5.370.000 Johan Hldgs 50c 4.846.000 FACB 50c 4.763.000 Kabcr Group 4.544.000 Tongkah Wt99 4.385.000 Palmco Hldgs 4.344,000 KL Industries 4.318.000 Renong Bhd 50c 4.239.000 Insas Bhd 4 *****0 MOST ACTIVE2,433 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6116 1994-08-20 14 Bernama KUALA LUMPUR Share prices here rebounded from early losses to close firmer as speculative buying interests buffeted profit-taking activities. The broad Emas Index gained 1.74 points to 330.87 and the Composite Index increased 4.36 to 1,140.70. Gainers outpaced losers by 224 to 172Bernama; Source: Bridge Info - 6,116 words
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STOCK EXCHANGE OF SINGAPORE
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Article8045 1994-08-20 15 ft ft M Wl 14*4 Last Vol Da> Uu Quote Dh Oi. VM N« Ca# A.g High Law (Mfii) Sale COM) High 1-®" B«>rr Seller S f.r S P/E Saul Price INDUSTRIAL AND COMMERCIAL 1440 (35 *11 Acma 1000 -30 1*5 1040 1000 1000 1010 17.5 2.1 18 16.0 6*98,045 words
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Article, Illustration1899 1994-08-20 16 R Sivanithy - By R Sivanithy SINGAPORE The market may have already discounted it, but United Overseas Bank's raising of its prime interest rate yesterday led to local prices ending lower. Also not helping sentiment was severe overnight weakness in US stocks and bonds,Charts by Bridge Info; Source: Bloomberg - 1,899 words
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Page 6 Advertisements
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Advertisement195 1994-08-20 6 NEWS VALUE Three Singapore petrochem plants worth $4b get nod (pg I) No direct impact on local stocks. Retail sales slide gathers pace with 11.7 pc fall in June (pg 2) Retail scene does not look like improving. Not only that, listed retailers have to contend with new players like195 words
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Page 8 Advertisements
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Advertisement822 1994-08-20 8 mp Superior Metal Printing Limited (Incorporated In Singapore) The Directors of the Company are pleased to announce the unaudited results of the Group and of the Company for the half year ended 30 June 1994 GROUP COMPANY half-year half-year Change half-year half-year Change to to to to 30.6.1994 30.6.1993 30.6.1994822 words
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Advertisement356 1994-08-20 9 BUSINESS TIMES LIFESTYLE EXCLUSIVE THE ADVENTURE BEGINS... With the Saab Arctic Circle experience. ippppwpßppww^*^;,,i' 1 TOP PRIZE 7 days Swedish winter holiday for two by Saab. I Highlights include: >'\2wiv Driving by road-book to Lake Antnastraskct for winter drive training and competition Snowmobile driving, reindeer-sleigh riding, downhill and cross-country jiiriKy356 words
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Page 11 Advertisements
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Advertisement91 1994-08-20 11 fsff IN HOME DELIVERY... Rnd more listings on homes, apartments and condos! TOPS IN WHEELS... New and used cars, trucks and vans. TOPS IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, services, holidays, course training and much more! The Straits Times Classified delivers! Looking to find91 words
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Advertisement35 1994-08-20 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through dassilcation 203 in The Straits Times tfST Classified, cjltj. 737-114435 words
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Page 12 Advertisements
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Advertisement38 1994-08-20 12 m Business Times WE KHOWAM Customer Relations Section Circulation Department I Singapore Press Holdings Limited •82 Genting Lane Occupation Fax iIP News Centre Singapore 1334 gg&flglff m Tel: 1800-749 2577 Fax 744 487S Tel: (O) (H) M BTtomVMflXnW38 words
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Page 13 Advertisements
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Advertisement28 1994-08-20 13 ACTAL NEUTRALISES STOMACH ACID. r" i—SBBI Actal neutralises stomach acid, giving quick relief from stomach discomfort, F FAST-ACTING ANTACID jj Sterling gastric pain indiges i tionandheartburn. s s28 words
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Page 14 Advertisements
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Advertisement7 1994-08-20 14 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Advertisement0 1994-08-20 14 ]:'^(:?<)<@$+|<";.-[<-.!>[}@@|@0 words
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Page 15 Advertisements
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Advertisement89 1994-08-20 15 I Call 1800 235-4567 now for more ri n 15 Aug t Low 7.10 High 8.30 OA information. Or visit our Customer 830 jv jjs Services Centre at Comcentre, Jy--7 70 Jy sd Exeter Road. 7 40 o<> VA 7.10 VOL 2000T v -k o. 1E w IOOOT v- Singapore89 words
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Page 16 Advertisements
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Advertisement670 1994-08-20 16 I_N ESS TIMES TOLL-FREE TEL. No. 1-600-741-1883 FAX:74I-1298 i i i I M THE MATTER OF THE COMPANES ACT, CAP SO AND HONG LEE MVE3TMENTS PTE LTD 0n Voluntary UquMalan) At an Extraordinary General Meeting of the member* of HONG LEE INVESTMENTS PTE LTD duly convened and held at 6001670 words
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Advertisement313 1994-08-20 16 OFFICIAL NOTICE] We, Sea Falcon Shipping Pie Ltd.. of No. 3 Shenton Way #03-12, Singapore 0106, hereby give notice that in consequence of our purchase of a Motor Vehicle "SEKI NAGOYA" of Panamanian Flag. We have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping313 words
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Advertisement95 1994-08-20 16 INDUSTRIAL ft COMMERCIAL BANK LIMITED M n n nin n rl 1 M .kk 11 irvcorporaiea in ino nepoDiic of Singapore) LOST CERTIFICATE Notice is hereby given that certificate numbered *****00-1 covering 1.000 shares in the name of Koh Aim Bee has been reported lost. Notice is also hereby given95 words
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Advertisement192 1994-08-20 16 PONGGOL ICE MARKETMG PTE LTD (M VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) at tt>e Companies Act. Cap 50 that the Final Meeting of Members of the Company w* be held at the offices of Messrs Lim Associates (Pte) Ltd. 36 Robinson Road.192 words
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Advertisement286 1994-08-20 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND CAPITAL IMPORT ft EXPORT PTE. LTD. (Incorporated in the Republic of Singapore) At an Extraordinary General Meeting of the Members of the above named Company duly convened and held at 336 Smith Street #06-304 New Bridge Ceatre, Singapore 0105 on286 words
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Advertisement289 1994-08-20 16 CHONG MAY TRADING PTE LTD (In Members' Voluntary Winding-up) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company convened and held at It Tuas Avenue 1 Singapore 2263 on Friday 12 August 1994, the following Special Resolutions were duly passed:1. Thai the Company be wound-up voluntarily and that289 words
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Executive Lifestyle
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Article, Illustration1626 1994-08-20 17 Diana Oon - Diana Oon looks at the benefits alumni organisations bring to their members as well as to the schools Diana Oon AT ONE time, if a school wanted to raise money, it would hold a fun-fair or some other event to help meet expenses whenever government assistance1,626 words
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STRAWS IN THE WIND
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Article43 1994-08-20 17 A COLLEAGUE telephoned a new. and reputedly posh, beach resort near Kuantan to find out about its room rates. "How many stars does your hotel have?" she asked the reservations clerk. "Oh," replied the woman, "we're very new. No stars yet."43 words
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Article41 1994-08-20 17 WITH certificates of entitlement hitting stratospheric levels, it's time for COE jokes again. Here's one: In order to afford a COE, you have to be a CEO (unless you're applying for that Yeo Hiap Seng job, that is).41 words
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Article32 1994-08-20 17 HERE'S another: One of the characters in an SBC Chinese drama flashes what looks like a police warrant. "CID?" asks another character. "No," the first one replies. "More important COE."32 words
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Article32 1994-08-20 17 SPOTTED on the back of a tourist bus: "Kinki Nippon Tourist". We're not sure if that describes the inclinations of the passengers, though the bus was full of middle-aged women.32 words
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OPINIONS
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Article, Illustration865 1994-08-20 18 Kevin Sullivan - Kevin Sullivan, fuming against the proposal to ban smoking in the open air in all public places in Singapore, says the move will not achieve its purpose Kevin Sullivan The writer is a BT journalist There are moves afoot to make smoking illegal865 words
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1068 1994-08-20 18 Neville Stack - Neville Stack wants the fate of the province to be decided by a referendum, and the IRA can either like the verdict or lump it Neville Stack The writer is a political commentator based in London. He writes regularly for1,068 words
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955 1994-08-20 18 Alan T Crandon - LETTER TO THE EDITOR Alan T Crandon Director, Alan T Crandon Associates Pte Ltd (Design Consultants) JAY KHOSLA'S interview with New York architect Robert Siegel. senior principal of Gwathmey Siegel and Associates, (BT, Aug 13-14) does explain the "Image versus955 words
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CORPORATE PROFILE
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Article, Illustration2864 1994-08-20 19 S N Vasuki - Asia's corporate giants Within three years, Tenaga Nasional Bhd chairman Ani bin Arope has transformed the company from a sleepy, bureaucratic electricity utility into one of the hottest companies on the KLSE. S N Vasuki finds out about Dr Ani's plans for Tenaga's future and2,864 words
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Article386 1994-08-20 19 un EOPLE are not like pressure gauges," said A Ani bin Arope. "They have to be motivated and trained to do a better job." Dr Ani is not merely mouthing platitudes; Tenaga has just embarked on a major human resources development programme that aims at training386 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration58 1994-08-20 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities, G K Goh, Kim Eng Securities, Morgan Grenfell Asia, Nomura Research Institute, OCBC Investment Research, Ong Co, Peregrine Securities, Phillip Securities, Smith New Court, UOB Securities and58 words
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Article246 1994-08-20 20 UOB Securities (Aug 19) Rashid Hussain. Strong profit growth of 131 per cent last year. Has 51 per cent stake in Straits Securities in Malacca, 49 per cent in RHB-Cathay Singapore and 20 per cent in D&C Bank. PER of 15x. Landmarks. Joint venture with Time Engineering to form246 words
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Article79 1994-08-20 20 Kim Eng Securities (Aug 18) Hitachi Zosen. Interim results will be bad. Assuming the shiprepair sector is bottoming out freight rates are moving up this is a pure play on a shiprepair stock whose PER is below 20x. Note: The broking firms, their directors and officers, and their79 words
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Article140 1994-08-20 20 Mon, Aug 22 Singapore: Flextech Holdings, an electronic components distributor, launches its initial public offer. Koh Brothers' public offer of 83 million shares closes. Tue, Aug 23 Kuala Lumpur: Bonia Corp shares listed on Kuala Lumpur Stock Exchange. Wed, Aug 24 Singapore: trading in Koh Brothers shares on140 words
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Article, Illustration208 1994-08-20 20 Peter Hames - Peter Hames Director Abtrust Fund Managers 4 4 t°ck markets around the region kJ have jumped back to life following a difficult first half in which they corrected sharply. However, it is important to put this correction into perspective. The KLSE, for example, was still higher at208 words
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Article, Illustration709 1994-08-20 20 Ramesh Divyanathan - Tracking Certificates of Entitlement price: Ramesh Divyanathan tells how to keep one's finger on the pulse Ramesh Divyanathan AS CERTIFICATES of Entitlement (COE) prices continue to soar, should one jump on the bandwagon and grab one now? Or, is it aSource: Registry of Vehicles - 709 words
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Article385 1994-08-20 20 TENDER exercises for Certificates of Entitlement (COE) are held monthly, usually from the Ist to the 7th of each month. The opening and closing dates are published in the press. The general points to note are: •An individual can submit only one application385 words
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641 1994-08-20 20 Elaine Koh - Three broking houses give their views on the COE factor. Elaine Koh reports Elaine Koh THE SHORT-term picture is rosy for Cycle Carriage Ltd (CCL), distributor of the much-prized Mercedes Benz, on the back of a strong demand for cars. But, a sharp641 words
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Article, Illustration561 1994-08-20 20 Joyce Quek - Joyce Quek takes another look at the results of the Big Four banks Joyce Quek THE SINGAPORE bourse rose mid-week to its highest level since the first quarter after the US Federal Reserve, as expected, raised two key US interest rates by 0.5 per561 words
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Article, Illustration830 1994-08-20 21 Joseph Rajendran - Why Elec Eltek is positively attractive STOCK WATCH By Joseph Rajendran 66T Tmany main I board X .JLstocks this year have a price earnings multiple of 12 times?" asks a research manager. IF there are two good reasons why an investor should consider Elec Eltek International Co (E&E), they must830 words
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Article, Illustration778 1994-08-20 21 Ho Kay Tat - Eye on the region There is a growing feeling that the authorities and market players are growing impatient for the market to take off, says Ho Kay Tat Ho Kay Tat HAVE THE bulls really returned to the Kuala LumpurSource: Bridge Info - 778 words
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Article, Illustration901 1994-08-20 21 Shahiron Sahari - Shahiron Sahari compares Bintan Lagoon's offer against the prices of Singapore and Johor golf clubs Shahiron Sahari THE BINTAN Lagoon Golf and Beach Resort held a priority launch for DBS cardholders, which ended on Aug 15. The membership offer: $23,800 with901 words
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Article, Illustration670 1994-08-20 22 SUSAN TSANG - P ft» fi (M«# vllHnild ncYlcW By SUSAN TSANG A CONFUCIAN Confusion is Taiwanese film-maker Edward Yang's first comedy. However, the director of A Brighter Summer's Day a four-hour look at a youth struggling with gang loyalties and rivalries has not given us stuff that will670 words
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Article, Illustration642 1994-08-20 22 SUSAN TSANG - By SUSAN TSANG USED to be that a Renaissance Man had a broad range of intellectual interests he was a scientist, artist, architect and theologian all rolled in one, someone we could really admire. By today's eroded standards, however, Penny Marshall's Renaissance Man comes in the642 words
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Article, Illustration958 1994-08-20 22 Parvathi N Narayan; Susan Tsang - Susan Tsang is intrigued by the works of seven women artists on display at Pacific Plaza, while Parvathi N Narayan looks at the influences behind two women painters, one French, the other Singaporean Parvathi N Narayan Susan Tsang ERSONAE I is an exhibition with a M This958 words
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Article, Illustration825 1994-08-20 22 KEVIN SULLIVAN - Book Review By KEVIN SULLIVAN The Flogging of Singapore By Asad Latif Times Books International 104 pages, $9.90 The Caning of Michael Fay By Copal Baratham KRP Publications 156 pages, $10.20 THE caning of Michael Fay produced an extraordinary degree of public debate, in Singapore825 words
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Article746 1994-08-20 23 AINTING WOMEN, an exhibition at the Opera Gallery, brings togethM. er the works of French artist Linda Le Kinff and Singaporean Wong Yean Yean. As the title suggests, the show is about women as artists, and as subjects of paintings, which is in line with the746 words
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SPORTS
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Article, Illustration498 1994-08-20 24 AP VICTORIA, British Columbia Pigeons flew as young girls danced amid multi-coloured banners, Canadian mounted police rode their horses to music and Queen Elizabeth II delivered her message in French and English. As 3,350 athletes from a record 64 nations filed past the QueenAP; Reuter - 498 words
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306 1994-08-20 24 AFP VICTORIA Top-seeded Zarinah Abdullah of Singapore could earn bonuses worth up to US$lOO,OOO (SSI50,000) if she wins the women's singles in the Commonwealth Games badminton tournament. Big money is nothing new for a sport which recently signed a US$2O million TVAFP - 306 words
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292 1994-08-20 24 AP LONDON England's decision to go for an all-pace attack paid early dividends on Thursday on the first day of the third Test against South Africa as the tourists ducked and weaved their way to 326 for eight at stumps.AP - 292 words
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SPORT SHORTS
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Article, Illustration67 1994-08-20 24 AP NEW YORK On Day Seven of the Major League baseball strike on Thursday, federal mediator John Calhoun Wells announced that finally. face-to-face talks between negotiators for the owners and the players will resume. The talks could begin on Monday. Wells made his announcement after holding separate meetings throughAP - 67 words
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Article, Illustration76 1994-08-20 24 Reuter COLOMBO The second Test between Sri Lanka and Pakistan which was scheduled for yesterday has been delayed indefinitely due to a post-election curfew, said Sri Lankan Cricket Board sources. They said the Test had been delayed because the government had imposed an indefinite night curfew trom 6pm eachReuter - 76 words
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Article, Illustration203 1994-08-20 24 AP AFP RICHMOND, Virginia Organisers of the US Tour DuPont bicycle race will conduct the first professional bicycle race in China next year with up to 18 teams from around the world. Michacl Plant, president of Medalist Sports Incorporated, said the seven-day Tour of China will begin in theAP; AFP - 203 words
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Article, Illustration128 1994-08-20 24 CASTLE ROCK, Colorado 1551.4 million International Ist rd Thursday (Modified Stableford point scoring system: eagle +5 points; birdie +2 points; par 0 points; bogey -1 point; double bogey or worse -3 points; US unless stated): +16 Bruce Lietzke +14 Mike Reid +12 Ken Green +11 Hal Sutton. Fred Couples128 words
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Article, Illustration96 1994-08-20 24 AP AUCKLAND New Zealand coach Laurie Mains continued to defy his growing number of critics yesterday and said he plans to stay in his job through the 1995 World Cup tournament in South Africa. Mains said he sees no reason to stand aside despite New Zealand's record of onlyAP - 96 words
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Article, Illustration261 1994-08-20 24 NEW HAVEN, Connecticut Germany's Michael Stich beat Daniel Vacek in alarming fashion at the ATP Volvo International here on Thursday, winning 6-2, 6-2 after an emergency alarm caused the tennis centre here to be evacuated. Stich. the top seed, was ahead 6-2, 2-1 in the third-round match when an261 words
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PEOPLE
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Article, Illustration184 1994-08-20 24 THE De Beers international Jewellery Collection was unveiled for the first time in Singapore last month as part of the first Great Singapore Sale. The collection consists of more than 40 pieces of awardwinning diamond jewellery from the prestigious Dia-monds-International Awards, described as the "Oscar"Photos by Chris Loh - 184 words
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TIME OFF
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Article, Illustration769 1994-08-20 25 Shahiron Sahari - Shahiron Sahari is seduced by Judy Carmichael and her musicians Shahiron Sahari STRIDE pianist Judy Carmichael and her Trio was a more than welcome addition to the list of visiting jazz luminaries to our shores. Her performance at the Jubilee Hall on769 words
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Article409 1994-08-20 25 Longing Theatre Works' sequel to the Carnival on the Hill held two years ago presents various snapshots about passion, freedom, entrapment, lost times, dreams, love, hope and perfection and brings together Claire Wong, Lim Kay Tong, Nora Samosir, Jacintha Abisheganadan. Rani Moorthy, Rina Ong, Cindy Sim, Tan Kheng Hua,409 words
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Article474 1994-08-20 25 Familiar Favourites A night of Ludwig van Beethoven. Lim Yau conducts and Alexandre Soutptel is the featured soloist who, together with the SSO, perform Beethoven's Two Romances Jor Violin Orchestra and other musical manifestations. Today, 8.15pm at the Victoria Concert Hall. Tickets at $4, $7, $10, $15 and $25474 words
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Article311 1994-08-20 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. Till Aug 27, Bpm at311 words
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Article, Illustration799 1994-08-20 25 Fragments of Past Collections Thirty five mixed media collages on canvas by Aussie artist Greg Mallyon that is a compilation of his journeys through Europe, America and Asia and the great civilisations that once ruled the land. Today, at the SweeGuan Art Gallery. Human Sexuality, Infertility and Contraception Organised799 words
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Article146 1994-08-20 25 You Might Be Smarter Than You Think Raymond Tan conducts this talk on intelligence and IQ tests and what it does for you. Organised by Mensa. this talk also examines the potential of one's intelligence and how one can make it work to one's benefit. Today, 3pm at the146 words
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Article414 1994-08-20 25 Indonesia Festival Spend a fun-filled day experiencing the splendour of Indonesia. Discover its rich traditions and cultural heritage. And sample the culinary- delights. And you don't have to buy a plane ticket either! Till tomorrow. 10am to Bpm at Sentosa. Admission to the festival is free, but normal charges414 words
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Article581 1994-08-20 25 Dream 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 of581 words
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Article78 1994-08-20 25 Singapore Repertory Theatre Wanted: Male, aged 30 (or thereabouts), good-looking, ambitious and political: and female in her 20s. petite, childlike and mousy. Today and tomorrow, 2pm at the SRT. For more details, call 221-5585. Necessary Stage Two lead actors one male, one female are wanted for their new production78 words
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Article134 1994-08-20 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum Galleria. Liang Court, Raffles City, Scotts, Specialists' Centre. Takashimaya. 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. Centrepoini and Tangs. Hotline: 269-2929. If134 words
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EPICURE
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Article, Illustration521 1994-08-20 26 SUSAN TSANG - Bon Appetit By SUSAN TSANG FOR its current air-flown Kobe beef promotion, Chef Ishii at the Keyaki has created nine dishes for the discerning carnivore. Two of us trotted down for a taste, being enthusiastic protein eaters, especially protein that is well-interspersed with fat the521 words
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Article, Illustration758 1994-08-20 26 N K YONG - Wine By N K YONG NEARLY 20 years old now, the 1975 vintage in Bordeaux remains controversial. After three large and unexciting vintages 1972 (bad), 1973 (average) and 1974 (poor) Bordeaux and the rest of the wine world were ready for a "vintage of the century".758 words
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Article, Illustration565 1994-08-20 26 TAN SU YEN - By TAN SU YEN THERE are two ways to enjoy tea on a lazy Saturday afternoon. One is to gorge yourself silly at one of those lavish high-tea buffets where no one will bat an eyelid at your third helping of mee siam orPhoto by Chris Loh - 565 words
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Article502 1994-08-20 26 DIANA OON - By DIANA OON SOMETIMES the best things in life are the least complicated. This is why Chef Monica Serrano believes the secret of good Mexican cuisine is "enjoying good food prepared in a simple way." That was evident in the spread she served up as part502 words
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Article, Illustration1013 1994-08-20 28 A Confucian Confusion. Edward Yang's characters muse about truth and fakery in art and life, and sort out their relationships. Picturehouse: 11; 1.30; 4; 6.45; 9.15; 12. See review on EL 6 Arctic Blue. A city slicker has to bring a murderous poacher to justice in Alaska. Midnight tonight1,013 words
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Page 17 Advertisements
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Advertisement185 1994-08-20 17 T~" ts n bo 24-hour "Loan ft Information Service Approval 1800 334 3588 %K 8 0 0 688 i o /21 I' /^Ti/rrT'^-^^^HHHHH ,r Available rvlusiwlv SINGAPORE: Burberry* Boutiqun: 455 Orchard Road. #02-42. Witma Aim, Singapore 0925. Tel: 75S 71 IS. S9l Orchard Road. *01-10 Takashtmava S.C. Singapore 0925. Tel:185 words
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Page 18 Advertisements
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Advertisement308 1994-08-20 18 -V -4+ *4 -T^ r vV y •< 1 'Stb Honour the singularly J outstanding. I /0 n c&t nniv«*ia*y L (T*ingaporz> 1 I Businessman of the Year Enterprise I uitrd Outstanding Manager Cast your nominations now! H Mil Since 1985, the Singapore Business A wan Is have been presented308 words
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Advertisement32 1994-08-20 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. Doonesbury and Bristow are on Page 432 words
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Page 20 Advertisements
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Advertisement8 1994-08-20 20 CAB NOW. PAY LATER. THE CORPORATE TRAVEL CARD8 words
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Page 23 Advertisements
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Advertisement141 1994-08-20 23 DRIVE HARD, PLAT HARD. j WITH THE NEW MULTI-POINT INJECTION 16-VALVE YQMte Take off with a blast? The New Suzuki Vitara 3-doorhaß sych feel your pulse racing onoe you step on the accelerator. It eats equal ease. You anive at your sailing dub or country club in gre<£jt¥le lines and141 words
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Page 24 Advertisements
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Advertisement103 1994-08-20 24 IT AMADEUS 200 ■Jjtf/mU. VWW |pf (AMADEUS JOOj g WVf I < ollcction V Quart/movement. ■■PPPPP Chronograph with automatic movement. n l\/lf Akin Steel and gokl-plated case and bracelet, Steel and gold-plated ease and bracelet, Rfl Y MON l) \A/ P I I with shielded crown. X with shielded crown.103 words
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Page 26 Advertisements
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Advertisement94 1994-08-20 26 M ImS A sumptuous and delightful spread of afternoon hi tea delicacies awaits you at the Cafe Aladdin. Choose from a tempting variety fish or chicken porridge, siew mai, sotong balls, chicken wings, otak otak, pizza, fried rice and nonya kuehs, home-made pastries fresh fruits. All these and lots more,94 words
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Advertisement45 1994-08-20 26 I factory! f ICNFETEMAJ Maybe got chance, -bhiS I Any Job. any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times business Times The New Paper Lianhe Zaobao Lianhe Wanbao Shin Min Daily news berita Harian Berita Mingcu Singapore Pros* Holdings45 words
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Page 27 Advertisements
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Advertisement750 1994-08-20 27 Nothing Beats A BuL M O or [FRESffI PASTA DAI LY. W From Pasta Fresco. Tho only restaurant to mak« Its own specialty pasta. Frosh, •voryday. Savour perfect pizza, groat v I golatl and terrific ttronraisu. AII topped with Italian hospitality. totta Fftsco Da Sotvotor* PM LM 30 800 l750 words
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Advertisement255 1994-08-20 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. *$1150 (adult) <$ g (chiM) IBHtr forM* Hi'Tfti255 words
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Advertisement367 1994-08-20 27 $250++ fgffliflg! mjmmum (Maximum 11 WMD of Iflnmnnt) (V/<Ps3oo++ ("Birthday —> Maximum of it, Maximum of <Pad(ageC- 15 persons) 10 persons) $180++ IjMßHfc I£7V %oom for a song. "Jor rtservatums call mat 7}4 6151 bttwtt* 10 JOamani 6 JO/mi 131 UIO after S JOym jdLR-. PrK/j «rr <o mtt** ojU367 words
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Page 28 Miscellaneous
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Miscellaneous2544 1994-08-20 28 TODAY'S TV M rj Movies). AM Chinese Cinema II North Dallas Forty, 2pm, SBC 5 Got Smart, 1.30pm, SBC 5 Kn^^B Nick Nolte a professional Max plans the best route to get 2.30 Close. footballer who by to hospital the comes, while the Chief tries to tions and by his2,544 words
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