The Business Times, 1 April 1995
1995-04-01
1
28
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The Business Times
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Title Section11 1995-04-01 1 Business Times Weekend Edition, April 1-2 1995 WE KNOW ASIA 85*11 words
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655 1995-04-01 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The earnings of Singapore's listed companies rose by an average of 19.5 per cent in 1994. A Business Times survey of the results of 149 listed companies whose full year ended on Dec 31 shows that655 words
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Article170 1995-04-01 1 Stock market indices Friday Change STII 2.093.12 -8.71 KLSEComp 984.07 +4.42 Nikkei 16.139.95 -372.27 Hang Seng 8.587.72 -88.45 SEr Index 1.216.68 -4.04 Jakarta Comp closed Manila Comp 2.392.25 19.90 Taipei WPI 6.514.46 +49.70 Seoul Comp 931.78 +4.85 Bombay BSE30 3.260.96 27.36 CLSA China B 826.10 +0.01 Aust All170 words
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395 1995-04-01 1 Claire Leow - By I Claire Leow SINGAPORE Eltech Electronics reported a stunning net loss of $3.78 million yesterday for the year ended Dec 31. 1994, as it disclosed that there was an accounting error in the interim period. Its losses fly in the face395 words
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356 1995-04-01 1 Lee Han Shih - By Lee Han Shih SINGAPORE Silverthorne Investments, the mysterious party that bought a big bloc of Yeo Hiap Seng Ltd shares last year, has sold its entire stake in the listed beverage maker. According to a statement by the Zurich-based356 words
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Article, Illustration680 1995-04-01 1 Neil Berhmann, Anthony Rowley - Marginal but widespread fall in Asian stocks From Neil Berhmann, Anthony Rowley in TOKYO THE beleaguered US dollar dived 3 yen to a new record low of 86.5 yen at the close of London trading, and to 87.6 in TokyoSource: Bloomberg - 680 words
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338 1995-04-01 1 Reuter WASHINGTON The US economy was booming ahead at an even stronger pace than previously thought in the closing quarter of 1994 before it slowed sharply at the beginning of this year, the Commerce Department said yesterday. TheReuter - 338 words
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Article66 1995-04-01 1 Reuter NEW YORK Wall Street stocks rebounded from a steep fall yesterday morning, showing resilience in the face of fresh inflation fears. The Dow Jones Industrial Average was down 13.18 pts at 4,158.73 at Ipm EST. In the broader market, declining issues led advances byReuter - 66 words
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Page 1 Advertisements
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Advertisement50 1995-04-01 1 Walt Disney of Asia: el i Broadcaster Robert Chua IT xwrTvrVßjy -a. ■I y w The star performers Sectoral analyses List of corporate earnings, Pgs 8,9 Tussle for KFC hots up with police report and legal threats, Pg7 Banc One reports unrealised derivatives losses of USsl.3b, Pg 10 8 HI50 words
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Advertisement7 1995-04-01 1 Stockwatch: el s Datacraft worth a shot7 words
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Advertisement196 1995-04-01 1 Hock Lock Siew: Pg 6 Is slide in JEL share price justified? M gerald genta BM Ijfl BM H K jT" l r -,.ilyJ*-— SUCCESS CHRONOGRAPH SUCCESS A form that is strikingly simple, a totally new design that has already become a classic this IHHHH is the master's touch of196 words
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Advertisement17 1995-04-01 1 J Asia's Corporate Giants: of change H at Sembawang Economists differ over Bundesbank's rate cut, Pg 517 words
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SINGAPORE NEWS
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389 1995-04-01 2 Chuang Peck Ming - Reports by Chuang Peck Ming THE Civil Service must grow a culture of service excellence and embrace change as an opportunity to innovate. Deputy Prime Minister Lee Hsien Loong said last night. Speaking at the Administrative Service promotion ceremony, he said389 words
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Article, Illustration589 1995-04-01 2 TOP BUREAUCRATS Lee Ek Tieng and Ngiam Tong Dow move higher up the rungs of the civil service hierarchy today in a promotion exercise which has upgraded a total of 60 officers in the elite Administrative Service. Mr Lee and Mr Ngiam go up from589 words
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354 1995-04-01 2 Claire Leow - By Claire Leow THREE more companies have received business headquarters awards from the Economic Development Board. EDB chairman Philip Yeo yesterday presented the awards to Siemens Components, Volex Asia, both electronics components suppliers, and Max Millennium, which holds the Tony Roma's franchise354 words
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NEWS ROUNDUP
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87 1995-04-01 2 THE Factories (Amendment) Act 1995 comes into operation today. The following additional types of premises will be covered under the Act: warehouses; industrial laboratories; premises used for the bulk storage of toxic or inflammable liquid in an aboveground container with a storage capacity of not87 words
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Article106 1995-04-01 2 CENTRAL Provident Fund (CPF) members now receiving the $237 monthly income under the Minimum Sum scheme will receive a higher amount $243 from today. For couples, the monthly income will be raised from $355 to $365. This is to adjust for inflation. The current minimum106 words
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Article93 1995-04-01 2 THE dialling code from Singapore to the United Kingdom will change from April 16. An extra 1 will be added to the front of all existing area codes. For example, callers to central London will have to dial 44 171, instead of 44 71, after the93 words
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Article38 1995-04-01 2 MRS Judith E J Prakash will be sworn in as a judge of the High Court, and Mr Choo Han Teck as a judicial commissioner of the Supreme Court at a swearing-in ceremony today.38 words
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Article57 1995-04-01 2 IN Business Times' March 25 report headlined, "Supcrßowl Holdings wooing members for its golf club", we said that Superßowl was offering individual memberships of the SuperBowl Golf and Country Club at $12,000 and corporate memberships at $15,000. The company has clarified that the prices are actually $15,00057 words
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172 1995-04-01 2 Arthur Lee - By Arthur Lee COMMUNITY Chest plans to actively promote its Share programme in the private sector this year. President Ong Teng Cheong said this at the official launch of Care and Share '95 at Suntec City yesterday when he disclosed that172 words
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SHIPS IN PORT
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Article492 1995-04-01 2 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure JurOAg Port Green Island CGD12* P01A 01 04/1700 02 04/0500 •tana la,a A68 11 alongside 01 04/0515 Green Island WA442* POIA 0104/1100 0104/1600 HMS l/B 005/95 113 alongside 01.04/1/00 Green Island 14A POIA 0104/0600 0204/0600492 words
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Article1354 1995-04-01 2 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Baiance Rslts Ship Voy No Etb/Btr Period From To From A" lade 232* 02/0500 1A 31/1500 31/1659 31/1900 2A 31/1700 01/0659 01/0900 3 01/0/00 01/1159 01/1400 4 01/1200 01/1459 01/1/00 lotus1,354 words
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THE REGION
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495 1995-04-01 3 Anthony Rowley - From Anthony Rowley in TOKYO THE Japanese government yesterday unveiled a five-year "deregulation action programme" aimed at making the nation's economy "internationally open", reducing price differentials between Japan and other countries and generally improving the quality of life in Japan. But the495 words
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Article, Illustration96 1995-04-01 3 AFP A worker earning steel rods on the construction site of the new Beijing main railroad station called Xike Zhan (background) yesterday. The first non-stop train from Beijing to Hongkong will leave Xike Zhan to arrive in Hongkong on July 1, 1997, when HongkongAFP - 96 words
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340 1995-04-01 3 Reuter SHANGHAI Confusion yesterday shrouded the start of foreign exchange forward trading in China after the national foreign exchange market denied a report in an official newspaper that it would begin trade. The confusion may reflect divisions within the leadership on a sensitiveReuter - 340 words
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216 1995-04-01 3 Reuter HANOI Vietnam yesterday reasserted its sovereignty over the disputed Tu Chinh area in the South China Sea and objected to an oil exploration contract awarded there by China to a US company. State oil concern PetroVietnam said Tu Chinh, called Wan'an BeiReuter - 216 words
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Article, Illustration482 1995-04-01 3 Reuter SYDNEY Australia's rapid economic growth lost steam in the final three months of 1994 to an annual rate of 5 per cent, official data yesterday showed, easing fears of another interest rate rise as consumer and business spending ebbed.Reuter; AFP - 482 words
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187 1995-04-01 3 AP JAKARTA A group of students continued their protest on Thursday against recent crackdowns on unlicensed publications and demanded the release of four detained journalists. Demonstrating in front of the Information Ministry, the "Indonesian Solidarity for Press Freedom" group urged abolition of lawsAP - 187 words
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179 1995-04-01 3 AFP WANGANUI, New Zealand Hundreds of Maoris who crowded into a small city park here to help a tribe defy an eviction deadline began leaving yesterday as the local authority mounted a legal bid rather than resort to police to getAFP - 179 words
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301 1995-04-01 3 AFP MANILA Philippine energy officials yesterday denied reports that daily power blackouts will hit most of the country this month, but admitted that power rate rises are likely. Energy Secretary Francisco Viray denied reports that there would be three to four-hourAFP - 301 words
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192 1995-04-01 3 Reuter SHANGHAI Shanghai aims to export US$l5 billion (Ss2l billion) worth of goods in 1997, up from an actual U559,077 billion in 1994, raising the proportion of exports in the city's gross domestic product by 5 to 6 percentage points fromReuter - 192 words
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NOTE BOOK
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133 1995-04-01 3 AP TAIPEI A court yesterday indicted three municipal officials and seven workers and managers of a nightclub where 64 people died in Taiwan's deadliest fire. The 10 were the latest casualties in a public clamour for retribution which has already resulted in the impeachmentAP - 133 words
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74 1995-04-01 3 Reuter NEW DELHI India yesterday said it would consider goods supplied to domestic projects in the power, oil and gas sectors as exports. This would enable them to enjoy government concessions available to exporters. "A special provision has been made to encourage the domestic manufacturersReuter - 74 words
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89 1995-04-01 3 Bernama KOTA BARU The Malaysian Chinese Association (MCA) is to ensure that English-speaking Chinese voters in major towns support the National Front candidates in the coming general election. Deputy International Trade and Industry Minister Ciiua Jui Meng said yesterday. Mr Chua. who is the chairmanBernama - 89 words
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71 1995-04-01 3 AFP KUALA LUMPUR Malaysia yesterday pressed Japan to confirm its attendance at an upcoming Asean economic ministers' meeting after Tokyo's bid to include Australia and New Zealand in the talks failed. Japan has indicated it might not attend the talks if Australia and New ZealandAFP - 71 words
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Page 3 Miscellaneous
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Miscellaneous460 1995-04-01 3 WEATHER I Singapore: Showers over many areas in the afternoon. Temperature (24-33*). HUU* Caat Imp* M/U' Cast Buenoctoes 24/14 Cloudy AixfciarxJ 20/13 Showers Amsterdam 11/5 Cloudy Cttcago 09/1 Cloudy Barfra* 36/24 Cloudy Athens 17AM Cloudy Honolulu 27/20 Cloudy Be»ng 17/03 Cloudy Berfcn 10/01 Cloudy Houston 21A» Ooudy Bomnay 32/23 Cloudy460 words
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REGION/WORLD
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483 1995-04-01 4 Leon Hadar - From Leon Hadar in WASHINGTON TWO SENIOR US trade officials said in Washington that there has been no movement towards an agreement in the bilateral vehicle negotiations with Japan. But the two officials expressed their hope that the Japanese and483 words
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196 1995-04-01 4 Ramesh Divyanathan - By Ramesh Divyanathan in MUNICH GERMAN luxury car maker BMW expects to perform satisfactorily in 1995, but is concerned about the turbulence in currency markets and new collective wage agreements with metalworkers. The company recently announced a 35 per cent surge in net196 words
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276 1995-04-01 4 Reuter BIRMINGHAM Chancellor of the Exchequer Kenneth Clarke said Britain has at last achieved an economic recovery which is not bringing headaches in its train, and which is bringing tax cuts "steadily nearer". "This is a British recovery with aReuter - 276 words
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230 1995-04-01 4 Bernama KUALA LUMPUR Malaysia is ready to consider freeing foreign equity rules, including allowing a foreign partner to hold majority share in the initial stages of a project if it brings in technologies which are really new, sophisticated and not availableBernama - 230 words
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458 1995-04-01 4 Al Labita - From Al Labita in MANILA MANILA The Philippine embassy in Singapore did not hire a lawyer for Flor Contemplacion because there was one appointed by a Singaporean court, a diplomat said yesterday. The testimony was made by charge d'affaires Rcynaldo458 words
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438 1995-04-01 4 The Straits Times HANOI Vietnam must clcar the road blocks that arc standing in the way of foreign investors if it want's to attract more investments, visiting Singapore Senior Minister Lee Kuan Yew said here yesterday. The country, he noted,The Straits Times - 438 words
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Article, Illustration303 1995-04-01 4 SINGAPORE Senior Minister Lee Kuan Yew, on a fiveday visit to Vietnam, was on hand in Hanoi yesterday to witness the ground-breaking ceremonies for two property developments involving Singapore firms. With the two projects, worth a total of about US$3lO million (***** million),Reuter - 303 words
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Article1757 1995-04-01 4 Oty Flitfct ETA Ftiht ETP Oty fH* ETA F»d* ETP Abu Dhabi GA860 1945 Ho CM NHnh City VN741 1310 VN740 1410 Adelaide QF81 1930 QF82 2055 SQ171 1915 SQ172 1430 Amman RJ187 0130 Hongkong UA1 0050 UA2 0835 Amsterdam SQ25 0650 KL838 2300 SOI 11251,757 words
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Page 4 Advertisements
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Advertisement149 1995-04-01 4 1 Don't Miss The Princess At Boat Asia She's a beauty. The 120 ft. (36.57 m) Indian Princess will be available for viewing in Singapore at Boat Asia. Ibis 1990 Broward (xxkpit Motoryacht features an enclosed skylounge and is powered by (3) C Caterpillar 1050 MPdiesel engines Indian Princess can149 words
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THE WORLD
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425 1995-04-01 5 Bloomberg Business News WASHINGTON As Republicans near the end of their first hundred days in power, the latest polling data suggests they still have work to do to improve the image of the US Congress. While House Republicans have fulfilled many of theBloomberg Business News - 425 words
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Article, Illustration77 1995-04-01 5 AFP WASHING TON, DC 1 he Prime Minister of Newfoundland and Labrador, Clyde Wells, displaying a fishing net eaptured from a Spanish trawler to a press conference at the National Press Club here on Thursday. The conference focused on the Fishing dispute between Canada and the EuropeanAFP - 77 words
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389 1995-04-01 5 AFP PARIS Prime Minister Edouard Balladur said yesterday he was against US-style labour deregulation, arguing that it could jeopardise the fight against unemployment which was his top priority. Mr Balladur said France had above all to press for further economic growth. "We haveAFP - 389 words
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WORLD WATCH
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Article66 1995-04-01 5 AP MEXICO CITY The government's National Commission on Minimum Salaries has agreed to boost the minimum wage by 12 per cent, beginning today. The increase follows a rise of about 10 per cent announced in January under government austerity measures to control the peso's devaluation.AP - 66 words
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92 1995-04-01 5 Reuter PARIS Radical party candidate Jean-Francois Hory withdrew from France's presidential election race yesterday in a boost for Socialist candidate Lionel Jospin. Mr Hory, credited with less than one per cent in opinion polls, said he withdrew for the sake ot left-wing unity, given the dangerReuter - 92 words
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Article70 1995-04-01 5 Reuter BUCHAREST The Romanian airline Tarom says it is grounding its two remaining Airbus A3lO aircraft after a Brussels-bound flight crashed yesterday, killing 59 people. "No new Airbus flights will be permitted until we know the result of an inquiry by Airbus itself," a Tarom spokesman said.Reuter - 70 words
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56 1995-04-01 5 Reuter PARIS A group of French firms led by Dumez, a Lyonnaise des Faux unit, is studying possible legal action following Wednesday's approval by the European Commission of a Greek tender to build the new Athens airport. The French consortium contests the conditions underReuter - 56 words
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Article53 1995-04-01 5 Reuter LONDON British consumers remain confident about taking on new debt, defying anecdotal signs that they are gloomy and scared of spending, official data showed yesterday. Bank of England data revealed net credit to consumers rose £601 million (551.36 billion) in February following a £527 million riseReuter - 53 words
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100 1995-04-01 5 UPI BRUSSELS A leading European business assoeiation called yesterday for adoption of the European company statute and the I Oth company law directive to allow European companies to operate effectively across borders in the EU single market. The Union of Industrial and EmployersUPI - 100 words
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374 1995-04-01 5 Reuter FRANKFURT For some it was a risky gamble, but for other German economic commentators, Thursday's discount rate cut to 4 from 4.5 per cent demonstrated the Bundesbank's uncanny ability to get things right. The sceptics say the Bundesbank risked its credibilityReuter - 374 words
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Page 5 Advertisements
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Advertisement387 1995-04-01 5 Why your next dress shirt should come all the way from a little town in America. We're Lands' End Direct no middlemen taking a cut, we Merchants from America. can offer this shirt for a very As "Direct Merchants" we do busi- reasonable price. ness direct, via catalog. We shop387 words
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COMPANIES & MARKETS
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477 1995-04-01 6 Lee Han Shih - Companies in the red By Lee Han Shih PROPERTY-based Hong Fok Corp has lived up to its reputation for erratic performance by declaring a net loss of $12.9 million for 1994. The result eomes after two years in which477 words
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228 1995-04-01 6 SINGAPORE Industrial equipment supplier Causeway Investment managed to reduce its losses substantially last year. It reported yesterday a loss of $1.33 million for the year ended Dec 31, 1994, compared with $4.94 million previously. Turnover was 24.6 per cent higher228 words
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289 1995-04-01 6 AFP KUALA LUMPUR Malaysia's stock exchange yesterday said it would launch a trial run within two months of trading in smaller share-lots, while stepping up a move towards a fully scripless system by 1998. Nik Din MohamedAFP - 289 words
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385 1995-04-01 6 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE The Stock Exchange of Singapore has given the nod for two Sesdaqlisted companies to be promoted to the main board. Powermatic Data Systems Ltd and GRP Ltd announced yesterday that they had been granted in-principle approval385 words
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281 1995-04-01 6 SINGAPORE Loss-making video tape producer Electro Magnetics Ltd (EML) went further into the red last year, posting a net loss of $13.09 million, a 158 per cent increase over 1993 losses of $5.08 million. The loss per share was 4.2 cents,281 words
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220 1995-04-01 6 SINGAPORE Sesdaq-listed electronic components group National Kap fell further into the red last year. It reported a loss of $1.55 million for the year to Dec 31, after a loss of $1.44 million in 1993. But turnover last year was 50.4 per cent220 words
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651 1995-04-01 6 Abdul Hadhi - HOCK LOCK SIEW By Abdul Hadhi SINGAPORE Short-term investors often look to the reporting season to make a quick buck, as the prices of stocks which announce good earnings tend to put on a few cents. In this respect, Jurong Engineering651 words
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249 1995-04-01 6 RENONG Bhd confirmed that it was talking to newly-listed ACP Industries Bhd (ACPI) on the award of a multi-million-ringgit material supply contract for the second phase of Malaysia's Light Rail Transit System project. Director Jaafar Abdul Hamid said that Renong249 words
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EYE on your STOCKS
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Article, Illustration18 1995-04-01 6 For next week's cx/wcted market sentiment, see DT Sentiment Index on LL4 (Personal Finance <& Investment section)18 words
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Article, Illustration94 1995-04-01 6 Quak Hiang Whai - By Quak Hiang Whai IT LOOKS like the recent bull run on Cam Mcchatronic is over. Clear bearish divergences arc seen on both daily RSI and stochastics which arc beginning to retreat from near 100. Some consolidation is also seen in the last two sessions. With medium charts94 words
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COMPANIES
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461 1995-04-01 7 Lim Soon Neo - Reports by Lim Soon Neo in HONGKONG BRITISH hong Jardine Matheson Holdings yesterday reported a 16.4 per cent rise in net profits of US$453 million (*****.3 million) for the year ended Dec 31. The earnings growth exceeded market expectations of 9to 11 per461 words
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404 1995-04-01 7 JARDINE Strategic Holdings, which yesterday reported a 23 per cent rise in profit after tax and outside interests to U*****.4 million (*****.3 million), has proposed a US$42l million rights issue. The investment holding company, owned 51.77 per cent404 words
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296 1995-04-01 7 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR EKRAN Bhd has finally obtained approval to start work at the reservoir site of the MS 15 billion (558.37 billion) hydro-power Bakun dam in Sarawak state, Malaysia's single biggest infrastructure project. Executive chairman296 words
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337 1995-04-01 7 Agnes Wee - By Agnes Wee SINGAPORE Net earnings of Hotel Grand Central (HGC) slipped marginally by 1 per cent to 5i2.02 million for the year ended Dec 31 1994, while Hotel Royal saw a 6.37 per cent rise in net earnings to337 words
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Article, Illustration48 1995-04-01 7 AFP JAKARTA Brokers testing the new computerised trading floor of the Jakarta Stock Exchange yesterday as the bourse prepares to move to full computerisation after April 17. The growth of the fledging stockmarket has been held back until now by cumbersome manual trading. AFPAFP - 48 words
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529 1995-04-01 7 William Chia - By William Chia SINGAPORE The tussle for control of Malaysian fast food operator KFC Holdings is hotting up. with prominent bumiputra businessman Ishak Ismail being accused of criminal intimidation by a rival faction. At the same time, minority shareholders529 words
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120 1995-04-01 7 Singapore corporate results SINGAPORE Specialised stationery maker Nippecraft has reported a 32 per cent plunge in net earnings to $2.2 million for the half vcar ended Dec 31. This was despite a 32 per cent higher turnover of $39.3 million, attributed mainly to increased sales120 words
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Article172 1995-04-01 7 SINGAPORE Sunshine Allied Investments, eontrol over which is about to change hands, has reported a small operating after-tax profit of 5i.95 million for the year to last Dec 31. In 1993. it managed a meagre $66,000 profit on a turnover of $87.3 million. Turnover last172 words
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241 1995-04-01 7 Lilian Ang - By Lilian Ang DIVERSIFIED engineering group Guthrie GTS staged a turnaround with a $201,000 net profit in calendar year 1994 and said yesterday it would close its ailing construction division this year. The group, which reported a $3.78 million loss in 1993.241 words
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120 1995-04-01 7 SINGAPORE Sesdaq-listed Teck Wah Paper Products' net profit at $3.67 million for the year ended Dec 31, 1994, was just 2.8 per cent higher than the previous year's $3.57 million. Turnover rose 11.5 per cent to $46.5 million from $41.7 million. Earnings per120 words
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COMPANY BRIEFS
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Article96 1995-04-01 7 SINGAPORL Sembawang Maritime yesterday said Semco Salvage Marine's appeal on the Nagasaki Spirit salvage case has failed. The High Court in London delivered its decision on I hursday. Semco has responded with an appeal to the Court of Appeal in London and a hearing date96 words
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Article, Illustration52 1995-04-01 7 AFP PARIS Peugeot Citroen launched a two-seat electric car called 1 ulip on Thursday aimed at solv ing city transport problems. The car is equipped with nickel-cadmium recyclable batteries which can be recharged within four hours by induction. Tulip has a speed limit of 75AFP - 52 words
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Article138 1995-04-01 7 SINGAPORE Cam Mechatronics directors have responded to a Stock Exchange of Singapore query on an article in the Business Times on Thursday. They said they were unaware of any material information that would influence the volume and prices of the company's shares. It said confirmed138 words
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58 1995-04-01 7 Reuter KUALA LUMPUR Malaysian telecommunications giant Telekom Malaysia Bhd is building a new 77-storey head office complex in Kuala Lumpur for Ms7oo million (SS39I million), executive chairman Rashdan Baba said. He said Telekom will use internal funds and bank borrowings to build the complex, whichReuter - 58 words
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Article52 1995-04-01 7 Bloomberg Business News HONGKONG The territory's newest financial derivatives stock futures got off to a sluggish start yesterday on the Hongkong Futures Exchange, traders said. Some 326 contracts on shares in HSBC Holdings pic and 357 contracts on shares in Hongkong Telecommunications were traded.Bloomberg Business News - 52 words
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Article91 1995-04-01 7 KUALA LUMPUR The Securities Commission has approved Malaysian Helicopter Services Bhd's (MHS) plan to buy a 32 per cent stake in national carrier Malaysian Airline System Bhd (MAS) for MS 1.79 billion (SSI billion). MHS will secure the stake in the national carrier by91 words
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62 1995-04-01 7 Bloomberg Business News SAN JOSE, California Apple Computer Inc lost its bid to beef up a court order aimed at keeping Microsoft Corp and Intel Inc from using software code it claims as its own. The warring high-tech giants, however, did agree to warnBloomberg Business News - 62 words
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139 1995-04-01 7 Bloomberg Business News MELBOURNE Broken Hill Proprietary Co reported lower-than-forecast third-quarter net profit but rewarded shareholders with a 13 per cent dividend rise and a 1-for-10 bonus issue. Australia's largest publicly traded company posted profit of A 5322 million (*****.7 million), or 22.9 centsBloomberg Business News - 139 words
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Article618 1995-04-01 7 UNIT TRUSTS FUNDS Manager*' pncM Apr I A 3 US Or Fund 1.00 I 04" Singapore Unit Trust UOB Asset Mgt Ltd The Commerce I.W 1.68 I nifund US 1.41 The Savings Fund I 44 l.52«d Lnibond 1.03 1.055 S'porc Prog Fund 0.58 0.62 United Cir Fund! 156 162 S618 words
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Article, Illustration538 1995-04-01 8 Quak Hiang Whai - By Quak Hiang Whai SOMEONE once said you can't go wrong with Singapore property and finance companies. The latest ranking by Business Times seems to testify to that. As for other sectors, if you can ensure that you have a monopoly,538 words
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3731 1995-04-01 8 «v r» V~ 'V- a^%>>v-- >• V iv- 1 v. *<■ -'*Vr 1 > i *'v> K Full-year ranking of Singapore-listed companies Earning* Turnover EPS Cwr Pre* < h NT A Dir rank rank Comfmmy 1994 1993 chg3,731 words
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Article, Illustration1094 1995-04-01 9 Rahita Elias, David Mok, Quak Hiang Whai, R Sivanithy,Agnes Wee - Reports by Rahita Elias, David Mok, Quak Hiang Whai, R Sivanithy,Agnes Wee THE finance sector was clearly the star performer of 1994. hoisting its combined earnings up 21.7 per cent to account for half of the total profits of the listed companies. Twenty-eight1,094 words
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FINANCE & COMMODITIES
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456 1995-04-01 10 Bloomberg Business News COLUMBUS, Ohio Banc One Corp, the eighth biggest American bank, showed US$l.3 billion (SSI.B billion) of paper losses at the end of 1994. The losses were from wayward bets on interest rates during the previous two years. In anBloomberg Business News - 456 words
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Article, Illustration433 1995-04-01 10 DBS Bank weekly currency review LS$/mark: crucial levels at 1.4230 and 1J735 The greenback started the week on a bearish note, trading from a high of 1.4199 on Monday to touch a low of 1.3735 by Wednesday. It then made a fierce433 words
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270 1995-04-01 10 Bloomberg Business News NLW YORK Five Caracasbased holding companies have sued Banque Indosuez, accusing it of common-law fraud and seeking USSII2 million (SSI62 million) in damages. The Venezuelan investment companies. Sopwith Holdings Corp. Algol Investment Co, Trisha Investments, Hungarian Investments Inc andBloomberg Business News - 270 words
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330 1995-04-01 10 Bloomberg Business News FRANKFURT Drcsdner Bank AG, Germany's secondlargest bank, yesterday blamed trading losses caused by rising US interest rates for a 19.8 per cent decline in operating profit in 1994. Operating profit of 1.634 billion Deutschemarks (551.65 billion) before tax butBloomberg Business News - 330 words
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287 1995-04-01 10 Reuter KUALA LUMPUR Malaysia and Pakistan trade bodies have drawn up an agreement to end differences over the weight and quality of palm oil supplied to Pakistan. The Pakistan Vanaspati Manufacturers' Association (PVMA) and Palm Oil Refiners Association of Malaysia (Poram) saidReuter - 287 words
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265 1995-04-01 10 Soh Tiang Keng - Aztech Systems raises US$39m in Asian market to finance growth By Soh Tiang Keng SINGAPORE Scsdaqlisted Aztech Systems has raised USS39 million (5553.4 million) in the Asian dollar market. The two-year unsecured revolving credit line, signed here yesterday, is the computer company's first offshore facility. Aztech declined to reveal the265 words
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316 1995-04-01 10 ENERGY REPORT Bloomberg LONDON Crude oil futures were lifted here and in New York as traders closed out refined product positions in New York ahead of last night's expiration. "The expirations in New York added a degree of uncertainty and traders generally felt moreBloomberg - 316 words
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Article322 1995-04-01 10 Reuter LONDON The dollar hit a new post-World War II low of 87.60 yen in European trade after opening on the defensive. It remained vulnerable despite reeent attempts to bail it out. The failure of the Bank of Japan to follow the Bundesbank's lead and cut theReuter - 322 words
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Article, Illustration1689 1995-04-01 10 /hmU'h ftithird imh\ cakulateJ against Spire'\ tap 14 trading partnm Ha* irtii /<W5 US$/S$ forward rates Noon /Mar 31 ss Bid Offer 1-month 1.4127 1.4142 2-month ***** ***** 3-month ***** 1 4065 6-month 1 3945 I J%5 Suunv OCBl Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Mar1,689 words
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COMMODITIES & FUTURES
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Article1469 1995-04-01 11 SIMEX REPORT Reuter SINGAPORE Simcx Euroyen futures closed sharply higher and Eurodollars eased. Euroyen reacted to the Bank of Japan's mid-morning announcement that it would guide money rates lower but would leave its discount rate at 1.75 per cent. December Euroyen broke resistance at 98.25 andReuter - 1,469 words
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661 1995-04-01 11 COMMODITY REPORTS Rubber TOKYO: Rubber futures rebounded to close firmer on bar-gain-hunting and short-covering on growing belief that the market had completed its testing of downward support. Prices ranged from 0.6 to 3.2 yen per kg higher at the close with benchmark September finishing up661 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article55 1995-04-01 11 SEOUL South Korea's Sunhill bought in a tender. 52.500 tonnes of US corn, traders in Seoul said yesterday. Cargill sold the single cargo at U*****.24 a tonne, c&f. The cargo is to originate from at seller's option. US Gulf or the Pacific Northwest. Arrival55 words
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73 1995-04-01 11 TOKYO Increased car production and steady demand from wire and cable makers are expected to boost overall domestic demand for rolled copper products in fiscal 1995-96 (April-March), according to the Japan Brass Makers' Association. Japan's domestic demand for copper sheet in the fiscal year beginning73 words
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86 1995-04-01 11 SINGAPORE Indonesia's palm oil export tax is needed to help stabilise prices on the country's domestic edible oil market, according to Derom Bangun. vice-chairman of the country's Palm Oil Producers Association. Derom's remarks follow comments by a high-ranking Indonesian Agriculture Ministry official on86 words
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Article111 1995-04-01 11 BEIJING Prospects for the cotton harvest in Shandong province this year are "not optimistic" despite attempts to boost production, the People's Daily reported yesterday. A survey of 1,950 cotton growers in 26 counties in Shandong, a major producer of cotton, showed the planned added acreage for cotton111 words
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Article1497 1995-04-01 11 SICOM Futures Rubber (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 95 I 266.00 275 May 264.50 264.00 263.50 500 1650 Jun 259.00 2725 Jul/Sep 256.50 251.50 256.50 1200 4500 Oct/Dec 255.50 252.00 255 00 6001,497 words
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REGIONAL STOCK MARKETS
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Article1041 1995-04-01 12 +22.0 SHARES closed sharply higher yesterday amid massive turnover. with the latest GDP data offering enough promise to offset disappointing profit results from market leader BMP. December quarter gross domestic product data showed annual economic growth of a seasonally adjusted 5 per cent, about I per cent below expectations.1,041 words
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Article632 1995-04-01 12 19.90 Share prices continued their upturn, again pushed up by foreign investors and reports of planned dividend declarations. The PSE Index climbed 19.90 points to 2,392.25. Turnover was 1.6 billion shares valued at 1.2 billion pesos. An analyst said the continuing upturn was brought about by foreign buying. The632 words
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Article551 1995-04-01 12 +49.70 Stocks rose, led by petrochemical producer Taiwan Styrene Monomer and electronics firm Acer amid expectations they will post record earnings in the coming year, analysts said. The 321-issue Weighted Price Index rose 49.70 points to 6.514.46. Nearly two stocks advanced for each that declined. Volume was NT559.7 billion.551 words
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Article496 1995-04-01 12 +4.85 Share prices shifted upwards, helped by good performances of blue chips and theme-backed individual shares towards the end of trading, brokers said. The Composite Price Index gained 4.85 points to 931.78 with trading slowing to 19.75 million shares worth 404.5 billion won. Rises outweighed falls by 343 to496 words
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Article280 1995-04-01 12 +6.69 Share prices ended the March financial year on a firm note in mostly leader-driven trade. The NZSE-40 Capital Index ended 6.69 points higher at 1,997.53 on turnover worth NZSSI.4 million. A trader said there was high turnover in Telecom, Fletcher Challenge and Carter Holt Harvey. He said280 words
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Article131 1995-04-01 12 -27.36 Lack of support from the usual big buyers combined with sporadic selling pressure from the country's biggest mutual fund. Unit Trust of India, pulled down share prices. The 30-share BSE Index fell 27.36 points to 3,260.96 while the 100-share National Index slipped 3.94 to 1,605.17. "Volumes were weak131 words
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WORLD STOCK MARKETS
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Article407 1995-04-01 12 Britannia Funds Sterling Cash Bid Offer Mim t ap Deposit 38 6400 38 6 500 Mim Jercey Gill 0 1893 0.1992 Mim Man Income •0 401)0 •0 9400 L S$ Cash Income Plus Fund 9 8000 10 'WO PS S Reverse Fund 5 4300 5 4400 Slerlinc fr ouit\ Euro407 words
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458 1995-04-01 12 In local curt In S$ In US$ d> yr dy yr dy yr Mar 31 lnd«\ chgt chgt chgt chgt chgt chgt WofW 448 8 -07 -2.0 0 2 06 0 5 J 5 *EAFE 521.5 -05 -8 1 1.2 -2 1 1.5 07 Europe458 words
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Article711 1995-04-01 12 -38.3 SHARES ended the final quarter of the tax year on a sour note, with the Footsie losing most of Thursday's gains in late trading as revised US economic data added to concern over currencies. The FTSE 100 closed down 38.3 points at 3.137.9. "There's a whole galaxy weighing711 words
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Article166 1995-04-01 12 -33.52 French shares gave back much of Thursday's gains as the German rate cut failed to take pressure off the dollar, which fell further against the mark and yen in Europe. Softness on Wall Street also hit Paris equities. Volume was bulked up by trading in baskets of shares166 words
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Article220 1995-04-01 12 -36.61 German shares slid in line with a sharp dropnn the US share and currency markets. Traders called the domesticdrop a pure "sentiment following" but added that the 1,900 level should hold. Technically, the market could be poised for a rebound. The market was weak all day erasing Thursday's220 words
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Article156 1995-04-01 12 -125 Italian shares gave up all of Thursday's gains after a weaker dollar sent most European exchanges lower. "The dollar is weak and everyone is just following," said a trader. The all-share Mibtel Index closed down 1.3 per cent or 125 points at 9,583. "The Bundesbank's move was a156 words
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Article323 1995-04-01 12 -6.57 Dutch stocks and bonds plunged as the dollar slumped to historic lows against the yen and other major currencies. Bonds followed US Treasuries lower, hurting stocks by raising borrowing costs for companies. Treasuries were rocked by the dollar, which reversed Thursday's rally sparked by a surprise interest rate323 words
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Article144 1995-04-01 12 -0.75 pc Swedish shares closed for the week with renewed gloom ending short-lived delight over Thursday's German rate cut. The OMX Index fell 0.75 per cent, with shares weighed down by the weak crown and rising bond yields. Turnover was moderate at 1.9 billion crowns. "Currency and bond yields144 words
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Article262 1995-04-01 12 -24.2 Swiss stocks fell, after interest rate cuts in Europe failed to give a lasting boost to the US dollar. Though the dollar gained following a series of European interest rate cuts, including a half-percentage-point cut in Switzerland, the currency's recovery was short-lived. "We are back in the old262 words
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Article382 1995-04-01 12 +33.8 South African shares closed steady at their higher levels on the back of a stronger bullion price and unit trust quarter-end window dressing, dealers said. A dealer said buying interest from unit trust portfolio managers in the less tradeable blue chips had been strong and positive gold sentiment382 words
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Article241 1995-04-01 12 =9.42 Stocks opened lower, resisting soaring golds and weighed down heavily by sliding bonds. The TSE Index was 9.42 points lower at 4.310.07 in volume of 22.35 million shares valued at C 5287.81 million. Declines nudged out advances 227 to 221 with 221 issues unchanged. "Gold is the main241 words
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Article773 1995-04-01 12 -36.31 Stocks, bonds and the dollar were knocked down, spooked by a government report of unexpectedly strong fourth-quarter economic growth that raised fears of inflation. The Commerce Department. in its final revision of GDP. said the economy grew at a 5.1 per cent rate in the fourth quarter,773 words
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Article, Illustration3051 1995-04-01 13 Bloomberg Business News HONGKONC. Stocks fell, mirroring a slide in Tokyo, amid concern that the world's central banks won't join forces to shore up the US dollar. The Hang Seng Index slid in the last hour of trading after the Bank of Japan said it would guide money marketBloomberg Business News; Source: Bridge Info - 3,051 words
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Article, Illustration601 1995-04-01 13 CLSA TURNOVER in Hongkong H shares shrank to HK574.6 million while the index lost 8.38 points to 1,125.33. Interest remained concentrated in Tsingtao following news of Anheuser-Busch's possible increased stake in the company. The stock accounted for 17 per cent of the market's turnover but closed unchanged. Shanghai BCLSA - 601 words
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Article, Illustration2559 1995-04-01 13 Bloomberg Business News TOKYO Stocks reversed early gains and fell after investors panned government efforts to weaken the yen by reducing a key short-term interest rate and introducing regulatory reform measures. After rising as high as 16,848.13, the benchmark Nikkei Average fell 372.27 points, or 2.3 per cent, toBloomberg Business News; Source: Bridge Info - 2,559 words
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Article, Illustration1849 1995-04-01 13 Reuter BANGKOK Stocks closed lower yesterday on scattered profit-taking as a gloomy mood prevailed despite a rise in the morning after the German central bank announced a discount rate cut. The SET Index closed down 4.04 points at 1.216.68. Turnover was 72 million shares worth 4.6 billion baht. FallsReuter; Source: Bridge Info - 1,849 words
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Article2568 1995-04-01 14 u u l*w IjH Vol Day IjilOMt 1*1 On KM N« M < ap IliKh loo "I -j Safe (WO) High lm Buyer Setter (> P/fc Sn.il MALAYSIAN STOCKS 478 73 m AIS8 50c 454 unch 610 464 454 452 456 1 0 2 9 0 2 462,568 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration7073 1995-04-01 14 Bloomberg Business News KUALA LUMPUR Stocks rose, led by strong earnings results and news that North Borneo Timbers got approval from the Sabah government for its takeover of timber assets through a share swap. The approval gives Sabah's timber arm entry to theBloomberg Business News; Source: Bridge Info - 7,073 words
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Article8363 1995-04-01 15 (if Cr M Wl >**434 Lm Val Day Laal Qaato Mi Oh YU N« Cm An High Lm (oapaay Salt (YM) High Law Bayn Sefcr CV M Saul Price INDUSTRIAL AND COMMERCIAL 720* 388 ml Acnia 50c 434 cd unck 67 414 432 432 4J4 22.58,363 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1881 1995-04-01 16 R Sivanithy - By R Sivanithy SINGAPORE The ray of hope given to financial markets by Germany's interest rate cut on Thursday was quickly blotted out yesterday as the US dollar lost all of its overnight gains in late Asian trading. The resultCharts by Bridge Info; Source: Bloomberg - 1,881 words
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Page 6 Advertisements
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Advertisement524 1995-04-01 6 NEWS VALUE Profit of Singapore's listed companies up 19.5*/o in 1994 (pgl) Broad-based earnings growth but not exactly exciting. No immediate impact on market. Dollar closes at record low of 86.5 yen in London (pg 1) Shows once again vulnerability of greenback despite the Bundesbank rate cut. Silverthorne sold entire524 words
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Page 8 Advertisements
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Advertisement117 1995-04-01 8 S a LEADE R amongst FINANCE. companies, we create for you. The growth of the Hong Leong Finance Group is propelled by our innovative culture. Indeed, we have been taking the lead to create pioneering products. We spearheaded new products such as Savers Plus, a daily interest savings account Credit117 words
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Page 9 Advertisements
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Advertisement103 1995-04-01 9 As a FINANCIAL INSTITUTION, we owe our SUCCESS to your Our record performance in 1994 is due to your valued support And we would like to take this opportunity to say "Thank You". Both Hong Leong Finance Limited and our wholly-owned subsidiary, Singapore Finance Limited, achieved unprecedented earnings last year103 words
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Page 10 Advertisements
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Page 11 Advertisements
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Advertisement79 1995-04-01 11 Financial News |KjH| A Quick Look At The I Market I Call 24 hours a day for I I SES KLSE midday I I reports, I market reports and business news. Cost: 30 cents a minute Organised by: I^l}^ An SPH AudioTex Service BUY^ SELL Classified ads put home-seekers on79 words
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Page 12 Advertisements
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Advertisement16 1995-04-01 12 REGIONAL ANALYSIS Every Wednesday in Business Times I he Brussels stock market report was not a>ailable16 words
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Page 13 Advertisements
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Advertisement31 1995-04-01 13 BusinesslT Every Monday, in Business Times HIGH stakes Don't get shortchanged, go for a coverage I 1 ra/ V you can bank on. Financ a News. Everyday. f Business Times munmAm31 words
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Advertisement7 1995-04-01 13 The Jakarta stock market Has closed yesterday.7 words
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Page 14 Advertisements
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Advertisement8 1995-04-01 14 LAW PAGE Every Thursday, in Business Times c8 words
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Page 15 Advertisements
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Advertisement58 1995-04-01 15 Where to eat? Check out Lunch Guide is£h every Monday in The New Paper Fastads. Guide "(With 191 near? in the market, SCHROOERS' LEGEfIORR'J TRRCK RECORD COtiWUES TODRV. Find out more about the SckroJer South Li a»tA•ia I' un J, the Schroder Singapore Truat and the Schroder Worldwide Property I'und58 words
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Page 16 Advertisements
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Advertisement50 1995-04-01 16 APRIL a "*1 $4 I Hi J i I I I ml **JI wtmmJi. ~-s*eo^ PREDIT I bnUNCH I Goodbye to good times? I i !10 4 j j Spotlights: Venture Manufacturing, Cash Bhd I f; I jj|.- ,arf "*T~'lW'l^/' 1 v K ._J l|T(j£ < |i^ t g_| i50 words
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Advertisement126 1995-04-01 16 BUSINESS TIMES NOTICES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF BOON HUI ENTERPRISE PTE LTD (IN MEMBERS 'VOLUNTARY LIQUIDATION) NOTICE IS HEREB YGIVEN, pursuant to Section 308(2) of the Companies Act, Cap 50, thia the Final Meeting of Members126 words
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Advertisement359 1995-04-01 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YONG KANG PLASTIC COMPANY (PTE.) LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the above named Company (*Jy convened and held at 7500 A Beach Road #07-304. The Plaza. Singapore359 words
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Advertisement393 1995-04-01 16 r M THE MATTER OF THE COMPAMES ACT, CAP 90 AND M THE MATTER OF cmammoqe uhoapori PTE LTD (In Mambera' Voluntary Liquidation) NOTICE Of FINAL MSETMQ NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap 50, that a Final Meeting of the Members of the393 words
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Advertisement370 1995-04-01 16 tn the Matter of the Companies Act Cap. 50 NOTICE OF RESOLUTION DYNASTY ANTIQUES PTE LTD (In Creditors' Voluntary Winding up) At an Extraordinary General Meeting of the above Company duly convened and held at 271 Bubt Timah RoaMOS-OI Balmoral Plaza. Singapore 1025 on 28th March 1995 at 10.00a.ra. the370 words
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Executive Lifestyle
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Article, Illustration1415 1995-04-01 17 Fionnuala Halligan - Singaporeans will soon be able to watch broadcaster Robert Chua's 'no sex, no violence and no news' shows on cable TV. Fionmuria Halligan meets the man who sees Igjnself as the Walt Disney of Asia Fionnuala Halligan The writer is a Hongkong-based journalist who contributedPhoto by Chris Walton - 1,415 words
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STRAWS IN THE WIND
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Article78 1995-04-01 17 KIDS say the darndest things. A little boy whose grandfather had passed away didn't quite know what was going on. except that the HDB void deck was covered by a huge tarpaulin for the wake. Two months later, when the boy and his parents happened to drive78 words
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Article55 1995-04-01 17 BE CAREFUL of who you encounter while surfing through Internet. One user who was going to Amsterdam sent out a message asking fellow users for information about the city. Nobody replied, except a pornographic bookstore owner who asked her if she would source for erotic material for55 words
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Article65 1995-04-01 17 STILL ON Internet, here's one joke that was floating around: Three vampires strolled into a bar and sat down. "What'll it be?" the bartender asked. "I'll have a glass of blood," said the first. "So will I," the second vampire concurred. "And I'll have a glass of plasma."65 words
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OPINIONS
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Article, Illustration1039 1995-04-01 18 NEVILLE STACK - LETTER FRCAA JOHANNESBURG The good news is that a black middle-class is rapidly emerging. The bad news is that over 20 million other blacks still live in misery NEVILLE STACK The writer is a political commentator based in London. He writes regularly for BT.1,039 words
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351 1995-04-01 18 Dr Paul Cheung - LETTER TO THE EDITOR Dr Paul Cheung Chief Statistician Department of Statistics Ministry of Trade and Industry YOUR ARTICLE on the new CPI (BT. March 27) headlined "Economists say revised CPI is not a cost of living index", quoted anonymous economists claiming that351 words
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CORPORATE PROFILE
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Article, Illustration2224 1995-04-01 19 Joyce Quek - Asia's corporate giants A fortnightly series When Philip Yeo took over the helm of Sembawang in 1994, he said he wanted the group to hit the billion-dollar mark in sales that year. It did. How was this achieved? Joyce Quek meets the chairman with aPhoto by Chris Loh; Source: DBS Investment Research - 2,224 words
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Article849 1995-04-01 19 PEOPLE are the crucial key to the success of any enterprise, says Philip Yeo. "The lack of people is holding us back from making the acquisitions we want. It's no use just acquiring; you must have people. With people, I can create new companies simple as that."849 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration629 1995-04-01 20 Those polled on their views of the Singapore stock market for the week ahead: Baring, Credit Lyonnais Securities, DBS Investment Research. Fraser Securities, G K Goh, Morgan Grenfell, Peregrine Securities, Phillip Securities, S G Warburg, Smith New Court W I Carr. Buy! OCBC Investment Research629 words
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Article, Illustration348 1995-04-01 20 Andre Ruppli - Andre Ruppli Director, Asset Management Swiss Bank Corporation, Singapore Tk Jf ANAGING risk l\/l in today's volaJL JL tile security and currency markets remains the ultimate challenge to investors the world over. In South-east Asia and particularly in Singapore, investors have perceived their home markets as the348 words
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Article, Illustration785 1995-04-01 20 Lilian Ang - THE WEEK By Lilian Ang IT IS HARDLY surprising that property companies turned in remarkable results in the just-ended reporting season, given the bull rampage in the residential market last year. The release of City Developments's 1994 results on Wednesday the785 words
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Article, Illustration550 1995-04-01 20 Corinne Kerk - Corinne Kerk looks at the outcomes of two recent auctions of Straits Chinese artefacts Corinne Kerk TWO SEPARATE auctions of Straits Chinese artefacts held in the past couple of weeks have shown that ceramics are more popular among collectors and550 words
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Article, Illustration737 1995-04-01 20 Lim Soon - Eve on the region The Hang Seng Index may break through the 9,000 mark and test 10,000. Lim Soon Neo reports from Hongkong Lim Soon IS THE Hongkong stock market having trouble getting out of the slump in the Year737 words
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Article803 1995-04-01 21 Michelle Low - ■JSIiiGfeCiML WATCH By Michelle Low AS A US$-denomi-nated issue, the odds appear to be stacked against networking specialist Datacraft Asia in the form of a weak greenback, lethargic market and general dissatisfaction with US$stocks. Its 70 per cent placement tranche is already an indication that803 words
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Article, Illustration605 1995-04-01 21 A J Leow - A J Leow on how time-share schemes work and why it is a boon to travellers A J Leow FANCY buying a week of vacation time in Tioman but spending those seven days in the Tenerife Islands, Acapulco or Yellowstone Park? For605 words
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Article, Illustration719 1995-04-01 21 SOME time-shares do increase in value as the operator expands its membership scheme through sales of new memberships at higher prices, while building more resorts in its stable. However, vacation ownership should be regarded as an investment in holidays, not real719 words
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Article, Illustration542 1995-04-01 21 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE Business Times Golf Index fell again last month, making it the fourth consecutive month of steadily falling prices. The index, which tracks the advertised prices of eight local golf and542 words
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LEISURE
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Article, Illustration638 1995-04-01 22 Shahiron Sahari - Shahiron Sahari checks out what's being offered in some New Zealand golf vacation packages Shahiron Sahari NEW ZEALAND is one of Singapore's hottest holiday destinations, with tourists from Singapore spending more per head than any other visitor bar the Japanese. New Zealand where one per cent638 words
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Article, Illustration629 1995-04-01 22 SAMUEL EE - Motoring By SAMUEL EE WHEN BMW first unveiled the 3-series Compact in Europe last year, it met with two basic reactions. The first was from the purists, who were aghast at the sight of a truncated Teuton, which they disparagingly called a cut-price car. The second reaction, however,629 words
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Article176 1995-04-01 22 WANT TO OWN a BMW 316 i Compact but can't afford to shell out what it costs? Well, you can still get a chance to own one if you phone in and donate to the National Kidney Foundation. You see, Performance Motors, the distributor for BMW.176 words
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Article, Illustration685 1995-04-01 22 SUSAN TSANG - Cinema Review By SUSAN TSANG LEGENDS Of The Fall has much to recommend it a soaring score, panoramic views of Montana, and Brad Pitt looking gorgeous. The sweeping epic also has a teasingly obscure title. Legends? The fall of man, maybe? It even has a wizened685 words
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PEOPLE
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Article, Illustration444 1995-04-01 23 Ven Sreenivasan - Singapore Business Awards '94 By Ven Sreenivasan IT MAY NOT have been a Hollywood event, but it had its fair share of glitter as the nation's top corporate personalities gathered to applaud the winners of this year's Singapore Business Awards. Albert Hong, chairman and managingPhotos by Arthur Lee and Chris Loh - 444 words
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Sports
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SIDE LINES
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Article107 1995-04-01 24 AFP SYDNEY Australian Rugby League (ARL) chairman Ken Arthurson said yesterday his league was gearing up for a fight against the might of Rupert Murdoch's News Limited over the media conglomerate's plans for an Australian super league. News Ltd Thursday took the ARL, theAFP - 107 words
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Article102 1995-04-01 24 AFP LONDON The Dark Blues of Oxford meet the Light Blues of Cambridge today in the I4lst race between the two universities since 1829. Cambridge, who have won the last two meetings, start as clear favourites but Oxford will be hoping that the re-appoint-ment of DanAFP - 102 words
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106 1995-04-01 24 AFP SAN DIEGO Young America outsailed Dennis Conner's Stars and Stripes by 44 seconds on Thursday, but the Pact 95 boat may have less to say than the America's Cup jury about who joins it in the finals of the defender trials. A rulingAFP - 106 words
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114 1995-04-01 24 AFP NEW ORLEANS Unheralded J L Lewis, who was working as a club pro last year, carded an eight-under-par 64 on Thursday to take the first-round lead in the rain-soaked Freeport McMoßan Classic golf tournament. He was one shot clear of Brad Bryant, whoAFP - 114 words
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74 1995-04-01 24 UPI SYDNEY All-time great soccer star Pele, now Brazil's minister for sport, intends to pull out all the stops to help Rio de Janeiro host the 2004 Olympic games, he said yesterday in Sydney. Pele said he has patched up his differences withUPI - 74 words
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314 1995-04-01 24 AP BRIDGETOWN, Barbados West Indies star batsman Brian Lara passed a fitness test on Thursday, guaranteeing he would play in the opening cricket Test match against Australia due to start yesterday. The 25-year-old Lara, who holds the world record Test andAP - 314 words
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SCORE CARD
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Article, Illustration33 1995-04-01 24 NEW YORK NBA on Thursday: Charlotte 107 Dallas 125; New Jersey 103 Portland 106; Golden State 80 Atlanta 108; Chicago 100 Boston 82; LA Clippers 96 Houston 108; Sacramento 96 Phoenix 113.33 words
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Article, Illustration121 1995-04-01 24 TOKYO 80 million yen Descente Classic Cup 2nd rd Friday (Japanese unless stated): 138 Shinichi Yokota 69 69 140 Katsuyoshi Tomori 73 67, Satoshi Higashi 72 68. Peter McWhinney (Aust) 72 68 141 Yoshimi Niizeki 73 68, Takaaki Fukuzawa 72 69, Hideki Kase 70 71. NEW ORLEANS, Louisiana LS$l.2121 words
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Article, Illustration196 1995-04-01 24 JAKARTA Davis Cup 2nd rd. Asia Oceania zone Group One, Ist day yesterday: Indonesia 1 Taiwan 0 (Suwandi b Chen Wei-ju 6-4 5-7 6-4 6-2). In Christchurch, NZ: New Zealand 2 South Korea 0 (James Greenhalgh b Yong-ll Yoon 5-7 2-6 6-3 6-4 6- 4; Brett Steven b EuiJong196 words
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Article, Illustration94 1995-04-01 24 SAN DIEGO, California America's Cup semi-finals on Thursday louis Vuitton Cup Challen«er series: One Australia (John Bertram!) sailed the course in Team New Zealand's (Peter Blake) absence to score a point for a win; Tag Heuer Challenge (Chris Dickson) b Nippon (Makato Namba) by 55 seconds. Standings: I Team94 words
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Article, Illustration638 1995-04-01 24 Shahiron Sahari - By Shahiron Sahari SINGAPORE The idea for a new tour to rival the existing, 34-year-old Asian Tour the eighth leg of which is being played now in Singapore was mooted because, in essence, it was felt that Asian players' bestPhoto by Jerry Seh of The Straits Times - 638 words
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Article, Illustration694 1995-04-01 24 NYT CLEVELAND. Ohio Mike Tyson, in his first public comments since his release from prison last Saturday, said on Thursday that he would resume boxing and nominated his controversial promoter Don King to remain in control of his career. "INYT; Reuter - 694 words
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666 1995-04-01 24 Terence Moore - By Terence Moore AP ATLANTA Yeah, yeah, yeah. We know. The guy is back. He scores a bunch of points against a New York Knicks team that he always terrorises. He wins a game with no time left against an Atlanta team thatAP - 666 words
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561 1995-04-01 24 NCAA Final Four Reuter SEATTLE College basketball's elite Final Four will be cut to two today when the topseeded UCLA Bruins face the Oklahoma State Cowboys and defending champion Arkansas Razorbacks take on the University of North Carolina Tar Heels.Reuter - 561 words
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TIME OFF
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Article, Illustration751 1995-04-01 25 Corinne Kerk - Corinne Kerk finds out what's happening at No 7 Emerald Hill Corinne Kerk THERE'S a new provision store in Emerald Hill, but you can't buy your instant noodles, milo and detergent there. This place sells food, but that's limited to tapas or Spanish snacks as well as anchovies,751 words
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Article402 1995-04-01 25 Army Daze Malcolm Png and friends are about to find out what it takes to turn from Boyz II Men. Michael Chiang's biggie of '87 tells all about NSmen. their sergeants and the difference between rifles and guns. Until Apr 16. Bpm at the World Trade Centre Auditorium. Matinees402 words
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Article103 1995-04-01 25 Chanticleer The all-male a cappella group and the only full-time classical vocal ensemble in the US will be performing a selection of barbershop songs, folksongs, popular classics. Chinese folksongs and spirituals. Apr II 12. 8.15pm. Victoria Concert Hall. Tickets at *10. $20. $30 $40 at all SISTIC outlets. For103 words
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Article227 1995-04-01 25 Into its Bth year, this year's festival is entitled "A Celebration of the Centenary of Cinema", features participants from 37 countries and runs from Apr 13 to 29. Tickets for all films are $8; except for the opening and closing films which are S2O (stall seats) and227 words
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Article87 1995-04-01 25 Omnimax Films Tickets at $10 for adults and S4 for children under 12 vears. Closed on Mondays. NB: The 6mnimax is located next to the Singapore Science Centre. Star Seekers Take a journey to the stars and go beyond space to the edge of the universe. See how space87 words
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Article, Illustration619 1995-04-01 25 Sensuality and Surrealism A joint exhibition of paintings by French women artists Kelyne and Isabelle Plante. focusing on the workings of our "inner world". However, the journey to. and interpretation of. this inner reality is presented very differently by both artists. Mar 24 to Apr 10. at Opt ra619 words
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Article252 1995-04-01 25 The Chalmers' Experience Public lecture on Technology Entrepreneurship by Professor Torkel Wallmark from the Chalmers University of Technology. Sweden. Prof Wallmark will share his expertise and personal experiences on innovations, consulting, entrepreneurship and the formation of spin-off companies. Apr 7. 9am to I lam. Sisir Auditorium. Admission is free252 words
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Article64 1995-04-01 25 Healthline on Aids, Pregnancy, Menopause, Healthy Food A toll-free telephone service by the Ministry of Health specially designed to answer medical questions on the above topics. Call 1800-742-2066. IIIL in. 11 I. |L i wyetn urss tot wvotntrs A 24-hour helpline service sponsored by Wyeth (S) Pte Ltd specially64 words
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Article, Illustration153 1995-04-01 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall, Ginza Plaza, Junction 8, Liang Court, Raffles City. Scotts, Specialists Centre. Takashimaya. Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Halt and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at153 words
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EPICURE
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Article, Illustration993 1995-04-01 26 JUNE WEE - Am mm Appetft By JUNE WEE YOU WATCHED John Travolta and Uma Thurman slurping milk shades and downing burgers served by a Buddy Holly lookalike waiter while seated inside a life-size Cadillac in the movie Pulp Fiction. Did it evef occur to you how great it would993 words
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Article, Illustration513 1995-04-01 26 CORINNE KERK - By CORINNE KERK GOLD and we're talking about the real stuff here was the last thing we thought we'd have for dinner. But much to our surprise, the precious metal was the highlight of an appetiser we had at the Italian restaurant Domvs. The513 words
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Article, Illustration998 1995-04-01 28 Angels. A kid thinks that if the hopeless local baseball team wins the pennant, he'll have a family. So he prays. And manager Danny Glover sees miracles. Yishun: 10.15: 3; 7.20. Tiong Bahru: 10.40: 12.50; 9.25. Hougang: 3: 6.45: 9.15. Marina: 11.15; 3.15. Blindfold: Acts Of Obsession. Shannon Doherty998 words
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Page 17 Advertisements
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Advertisement141 1995-04-01 17 BusinesslT Every Monday in Business Times Available escKuwdy: SINGAPORE} Iwbiiiy* Boliy- 435 Orchard Road. *02-42, Wiinu Aim, Singapore 0923. Td: 733 7113. 391 Orchard Road, #01-10 Takashimaya S.C. Singapore 0923. Td: 735 1283. Barberry* Conttm DAIMARU DFS Orchard IStTAN Orchard NAN HEN LEATHER GOODS TAKASHIMAYA DEPT STORE SOGO. Aathoracd Dealer*141 words
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Page 18 Advertisements
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Advertisement1221 1995-04-01 18 UNITED PULP PAPER COMPANY LIMITED jAMNOUMCEMEWTI The Directors of United Pulp Paper Company Limited are pleased to announce the audited results ot the Group and the Company lor the year ended 31 December 1994 as follows: 7 INCREASE/ (DECREASE) THE THE THE THE <-GROUP-> <-COMPANY-> GROUP COMPANY 1994 1993 19941,221 words
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Page 18 Miscellaneous
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Miscellaneous68 1995-04-01 18 T rin —u-—, SU>\tchbo*Rd Girl n^c P fs S /Prt* ST^OKETZ UfKS JUST SIMD SCMi VWR»{G 4 lT \>JIL-L 6»E- <r RpCTHeR FufVTteKlfJG TMimgs 7 NW \JO\CJE.. VO'C€,S PiLL A f lovjg somc of \ts fC* Jr ~>v Bound TD Euß OFF. LTO HM-IWS I DOONESBURY GARRY TRUDEAU THAT UA$7H£68 words
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Page 21 Advertisements
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Advertisement20 1995-04-01 21 A N aKaran Ij^H 58 1 ORC I HltlON HOTCI. SINGAPORE II i HMV! A CIUB 2 1 BOUTIO t20 words
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Page 22 Advertisements
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Page 23 Advertisements
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Advertisement67 1995-04-01 23 v <h>I" The power of design fetfX, The Tiffany Atlas Watch. HGuIL I Hp't *lgpg@g 9 "ißffirc lf g < ?»n| > ,J 5f .i f T <|£gM f nlli <» Jp M^m C-3B &M H i f! PBP K M fw fl^Hflk *9smf v Kpp^s :ogmgmj£ i r> i67 words
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Page 26 Advertisements
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Advertisement24 1995-04-01 26 O °o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. m Business Times WI DOT ASM24 words
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Advertisement147 1995-04-01 26 co v^jT st4}^ Fine Wine Facts (yAateau/ d' 9/^uein/ "One of the few luxury priced wines that merits a stratospheric price tag" Parker Chateau tfYquem stands in the Sauterne region with a reputation unparalleled by its neighbours. An obsession to produce the finest wines at any cost, has led to147 words
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Advertisement28 1995-04-01 26 BOOK NOW for the KTV Rcx>ms special promotion (For reservation please call *****36) Choreographed dance cum fashion show tonight! 101 Thomson Road «81-01A)6 United Singapore 1130 Tal: *****3628 words
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Advertisement424 1995-04-01 26 WHERE TO WINE, DINE ANO ENTERTAIN If Olde English Eating House m 277 Orchard Rd #02-38 Specialists' Centre S (0923) l|:« n $2=CBDPASS! 1 A When you spend $25/- or more ai Fosters for lunch Mm W or afternoon tea from Mon-Sat, show us your valid mm H daily or424 words
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Page 27 Advertisements
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Advertisement327 1995-04-01 27 This BUD's For You." r-— H —HTTB —BB~~Hi —1H —9 fig 10 Varieties of Pasta |j|| j i gga 20 different sauces And all-time Italian favourites A |g antipasti, pizza and puccia. PASTA FRESCA DA SALVATORE PTE LTD MM I •30 Boat Qjsy, S(0104) (Qpen 24 hounl Tel: 532 6283/532327 words
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Advertisement308 1995-04-01 27 "IC)i(jh Qea it art a at <J()Ujh ()(een Don't niitM our dclirioufc I ligh lea Buffet available from 12 UtfUll lv spju every weekend. Pricc: $13.H0 (adult) W.BU (child) A La Carte Menu Ik aUo available. All ptkvs» <mv aubjiYt <>• lII* scrvi«v itaqr, A IS piviTiiiwnl U* jikl W308 words
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Advertisement317 1995-04-01 27 WHERE TO WINE, DINE AND ENTERTAIN DIALECT HI-TEA J uj \A Akv Whether you're fluent in many languages or just one, you'll have no problems appreciating our new weekend Dialect Hi-Tea selections at Cafe Plaza. Savour an array of dialect delicacies and tempting desserts. If that's not enough, our Dialect317 words
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Advertisement271 1995-04-01 27 I—B Celebrating fish Let's drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of everg imaginable fish recipe. Salmon, sole. iXn snapper, sea bass... if it can be caught, it can be gfiUp cooked. And we know all the delicious wags. Continental271 words
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Page 28 Miscellaneous
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Miscellaneous2389 1995-04-01 28 TODAY'S TV Choice). jq 3Q B rrta efnasa 730 BeStUi" 2 (M) 11.00 Live Telecast of LaunchTarget, 9.30pm, TV 2 Garmany Li™. 6.30pm. Ch 12 800 IwriMW 10 (See 5 Director Arthur Penn teams up Christine Reinhart takes us to gqq The Asjan niyhm»y (See JfiT Buk t Cerakah Shah2,389 words
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