The Business Times, 13 February 1993

Total Pages: 28
1 28 The Business Times
  • 12 1 Business Times MITA (P) 552/12/92 Weekend Edition, February 13-14 1993 ASIA 75*
    12 words
  • 389 1  -  By Lee Han Shih SINGAPORE Government holding company Temasek has decided to go full steam into investing in China after testing the waters last December. A statement yesterday said Temasek has signed a joint venture agreement with three parties to
    389 words
  • 447 1  -  By Teh Hooi Ling SINGAPORE The Singapore National Trades Union Congress (NTUC) will invest more than Sslo million in China in various business ventures that include a taxi company, a health resort, supermarkets and a medical and health centre. Three
    447 words
  • 442 1  -  By Harish Mehta SINGAPORE Cambodia's four political factions have been ordered to stop selling state property a move that will affect plans by foreign investors to lease land and staterun factories. With three months to go before general and
    442 words
  • 257 1 Reuter PARIS France yesterday accused US President Bill Clinton of jeopardising transatlantic trade ties when he attacked European subsidies for the Airbus aircraft consortium earlier this week. "These statements... come on top of decisions by the new administration on
    Reuter  -  257 words
  • 245 1 TAIPEI China's vice-pre-mier Zhu Rongji quoted Singapore's Senior Minister Lee Kuan Yew to restate China's stand against any independence moves in Taiwan, the China Times reported on Thursday. The paper said Mr Zhu did not give a direct reply when asked
    245 words
  • 362 1  -  By Sylvia Wong SINGAPORE Acting on feedback from retailers, the government said yesterday that it would look at a system to refund the Good and Services Tax to tourists. The Inland Revenue Authority of Singapore said that the Singapore Tourist
    362 words
  • 179 1 Reuter JAKARTA The Indonesian Armed Forces have picked their commander as their candidate for vice-president in the March polls, Antara news agency reported yesterday. "We have (decided on) Try Sutrisno as our vice-presiden-tial candidate," Antara quoted the influential Lieutenant-Gen-eral, Harsudiyono Hartas, as
    Reuter  -  179 words
  • 2am LATEST
    • 96 1 Reuter WASHINGTON The chairman of the US Joint Chiefs of StafT, General Colin Powell, in a report billed as a strategic blueprint for the armed forces, has unveiled a plan for a postCold War military that calls for consolidating all US-based forces to better
      Reuter  -  96 words
    • 67 1 Reuter WASHINGTON The Clinton administration retains the goal of cutting the federal budget deficit by USSI4S billion (***** billion) in fiscal 1997 and will reach that goal or its "moral equivalent," an official says. "We still believe it's a goal," said the
      Reuter  -  67 words
    • 67 1 Benvenuto is new Socialist leader of Italy Reuter ROME Former trade union leader Giorgio Benvenuto has been elected head of Italy's governing Socialist Party to replace Bettino Craxi, who resigned over a bribery scandal. Ansa news agency says Mr Benvenuto, who enjoyed the backing of the
      Reuter  -  67 words
  • Article, Illustration
    112 1 Stock market indices FrMay Chin*? STII 1.613.52 -7.95 KLSE Composite 635.42 -0.42 Nikkei 16.851 51 -238.39 Hang Seng 5.858.15 +1.15 SET Index 998.36 +7.15 Jakarta Composite ...300.54 +0.93 CLSA China B 1,596.71 +1.98 Aust All Ord 1.603.5 +4.4 FTSE 100 2,843.0 8.7 FrMiy Prevfow llaa dow Dow Jones
    112 words
  • Page 1 Advertisements
    • 6 1 Under the sea el 6, 7
      6 words
    • 9 1 Personal Finance Investment How stock options work EL 4
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    • 206 1 Hock Lock Siew Rothmans: Short-term pain, long-term gain Pg 5 Of lasting value |B| This watch belongs to the Sp collection of antique watches at W Rolex Geneva. The great tradition of the watchmakers of Geneva is preserved in the creation of a unique watch: The Rolex Oyster. The case
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  • SINGAPORE NEWS
    • 474 2  -  By Sylvia Wong THE GOVERNMENT said yesterday that it would let the private sector play a bigger role in the retail industry. "The private sector is now in the driving seat," said Minister of State for National Development Lim Hng Kiang. "It
      474 words
    • 322 2  -  By R Sivanithy, Al Labita in MANILA SINGAPORE Telecom International (STI) and Ayala Corp have agreed to collaborate in telecommunications projects in the Philippines. Both companies jointly announced yesterday they were considering setting up a cellular mobile telephone
      322 words
    • 452 2  -  By Alec Almazan PHILIPPINE President Fidel Ramos said yesterday that Manila was close to firming up with Singapore a defence cooperation agreement that would involve joint military exercises. "I see no impediment to the holding of training exercises between Singapore and the
      452 words
    • 365 2  -  By Terence Lim CITY Development revealed yesterday that the Parkshore condominium development at Tanjong Rhu had been 85 per cent sold. Just 23 of the 152 units remained, after sales started at the end of September 1992, at prices ranging from $510 to $620 per
      365 words
    • 306 2 f JRAS^ This is a daily column of the Inland Revenue Authority of Singapore to promote understanding and discussion of the GST Compliance costs of business 3USINESSES with annual turnover of $1 million or more will have to account for GST. One of the main
      306 words
    • 483 2  -  By Moiz Tyebally LOCAL businessmen have given mixed reactions to the invitation by the Maharashtra state government to take part in five major projects in Bombay. While some welcomed the proposed projects, others said that they were not interested. The offers were made
      483 words
    • 400 2 THE Housing and Development Board has again relaxed its rules on resale flats. This time, it is allowing citizens to buy a resale flat together with a spouse or parent who is a noncitizen. However, the non-citizen has to have at
      400 words
  • Page 2 Advertisements
    • 264 2 FANTASTIC GOVERNMENT TENANT grWjgTMENT For further information Contact Jim Williams Someone dose has beenlvtng Your son InCanada is studying for some years, overseas. You've given up Mmß And you wrWngt*>se ■Km close to home Weekly tens It bettet -with news (Hemfeht from home. comeback after reading afl |j the good
      264 words

  • THE REGION
    • 579 3 Exchange rates are decided by economic fundamentals, they say Reuter TOKYO Japan's economic leaders yesterday sought to defuse mounting speculation that Tokyo and Washington may seek to boost the value of the yen as one avenue towards trimming Japan's
      Reuter  -  579 words
    • 342 3 Taiwan-backed group converting former naval base into industrial park Reuter TAIPEI A Taiwanese gov-ernment-backed consortium will begin converting the former US naval base at Subic Bay in the Philippines into an industrial park this summer. The Economics Ministry said yesterday that it will
      Reuter  -  342 words
    • 244 3 AFP MANILA The Sultan of Brunei has bought a 21 per cent eqirity stake in a local shopping mall jointly owned by an ethnic Chinese bookstore magnate and the Kuok property group of Malaysia. A company source said yesterday that the buy-in,
      AFP  -  244 words
    • 528 3 Reuter JAKARTA Indonesia, Opec's only Asian member but fast running out of oil, is pinning its energy hopes on its vast resources of coal. "We will continue to expand our market anywhere in the world," said Kosim Gandataruna,
      Reuter  -  528 words
    • 515 3 Reuter KUALA LUMPUR Malaysia's nine hereditary rulers will see their political influence and social role dwindle after an about-face acceptance of government proposals to curb their rights, analysts said yesterday. The sultans, who agreed to constitutional amendments on Thursday, had apparently changed their minds
      Reuter  -  515 words
    • 197 3 Reuter KUALA LUMPUR Malaysia's economy will grow at between 7 and 7.5 per cent in 1993 from 8 per cent in 1992 but the slowdown should not cause unnecessary concern, said stockbroker CIMB Securities Sdn Bhd. "There is tangible evidence that the
      Reuter  -  197 words
    • ASIA NOTES
      • 104 3 Reuter JAKARTA Collapsed private bank PT Bank Summa will resume payment to depositors from Feb 22, Bank Indonesia, the central bank, governor Adrianus Mooy said. "Priority will be given to depositors. Interbank loans and the central bank will come second, when more funds come from
        Reuter  -  104 words
      • 85 3 AFP MANILA The Asian Development Bank (ADB) said here yesterday that it had approved a total of US$l.43 million in giants to Malaysia, Indonesia, the Maldives and Fiji. U*****,000 will help Indonesia develop statistical and analytical methods to monitor the impact of policy changes on
        AFP  -  85 words
      • 79 3 Reuter SYDNEY Well, the sax act seemed to work for US President Bill Ginton during his election campaign, let's see if it will cut any ice with Australian voters. Liberal Party leader John Hewson pretended to play the saxophone after his appearance on comedian Norman
        Reuter  -  79 words
      • 59 3 UPI BANGKOK Myanmar's military regime plans to open a casino in its Andaman Sea fishing port of Victoria Point, near the Thai border, Thailand's Deputy Foreign Minister Surin Pitsuwan said. He said Yangon hopes to make the proposed resort a "tourist gateway" to Myanmar to help
        UPI  -  59 words
      • 91 3 AFP TAIPEI Taiwan's foreign exchange reserves slid to some US$B2 billion (*****.8 billion) at the end of December, from the record US$B9.5 billion in September, Central Bank of China officials said yesterday. The figure, slightly down from US$B2.4 billion in December 1991, included US$6 billion
        AFP  -  91 words
      • 66 3 Knight-Ridder BANGKOK Thai Defence Minister Vijit Sookmark says it is very unlikely that the Paris peace pact for Cambodia will, or can, be fully implemented, state-owned Radio Thailand reported yesterday. Thailand is fully committed to the Paris pact, under which Cambodia is to hold a
        Knight-Ridder  -  66 words
    • 237 3 Reuter SEOUL Canada has told South Korea to stop fishing in the waters off Newfoundland by April 30 or face trade sanctions. The National Fisheries Administration (NFA) spokesman said yesterday that Canada had threatened to withdraw the trade benefits extended under the
      Reuter  -  237 words
    • 346 3 AFP BANGKOK The Thai government is standing firm against strong Chinese pressure on its decision to allow the Dalai Lama to visit Bangkok next week to join a campaign for the release of Myanmar's opposition leader Aung San Suu Kyi. In his turn,
      AFP  -  346 words
  • Page 3 Advertisements
    • 54 3 NEW TO SINGAPORE WORLD m Ac The International MMrDCTC Exhibition for wnvnc i e Concrete Construction ASIA 93 16-18 Feb, 1993 Open 10.00 :18.00 Daily At the Harbour Pavilion (Hall 4) World Trade Centre, Singapore For more information Tel 276 4509 Trade Show Not open to general public P*NKRPRISW" [MANAGEMENT
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  • THE WORLD
    • WORLD WATCH
      • 77 4 Reuter LONDON The UK Brewers' Society reported a 6.2 per cent year-on-year drop in beer production in November 1992 and urged Chancellor Norman Lamont to cut excise duty on beer. "Failure to act will result in job losses both in the production and
        Reuter  -  77 words
      • Article, Illustration
        44 4 Reuter TARRACONA, Spain Fishermen leaving a rare whale shark weighing around two tonnes on the dock after catching it from a fishing trawler off Spain's north-eastern Catalonian coast on Thursday. This is the second such catch in the past 10 days.
        Reuter  -  44 words
      • 111 4 AFP NICOSIA President George Vassiliou faces Glafcos Clerides, a veteran right-winger, in a run-off election tomorrow in which Greek-Cypriots will decide if they want to forge ahead with a UN federation plan. Mr Vassiliou, an independent backed by the communist party Akel and in power
        AFP  -  111 words
      • 98 4 AFP KINSHASA Zaireans grappled with hyperinflation and unpaid salaries yesterday as their government remained locked in a dispute with President Mobutu Sese Seko over who should be prime minister. In Strasbourg, meanwhile, the European Parliament called on the European Community's Commission and member states to "take
        AFP  -  98 words
      • 60 4 AFP MOSCOW Russia's Constitutional Court yesterday lifted a ban imposed last October by President Boris Yeltsin on the hardline National Salvation Front, Interfax reported. The court ruled that the decree outlawing the coalition of conservatives and nationalists was "unconstitutional" and that Mr Yeltsin "had
        AFP  -  60 words
    • 377 4 FT BONN Volker Ruhe, the Defence Minister Tonce regarded as a likely heir apparent to Chancellor Helmut --kohl, appears to be fighting for political life in a bitter battle over cuts in the defence budget. Twice in the past week Mr Ruhe
      FT  -  377 words
    • 363 4 Reuter WARSAW Poland's shaky coalition government, deserted by its Solidarity trade union allies, faced a budget vote yesterday which could force its resignation and the dissolution of Parliament. Meanwhile, a report from Vienna said talks between Poland and its creditor banks on the country's
      Reuter  -  363 words
    • 603 4 Talks centre on trade deficit. Super 301 legislation Reuter WASHINGTON US President Bill Clinton and Japanese Foreign Minister Michio Watanabe have voiced blunt concerns about each other's trade practices but are optimistic that the new administration and its chief Asian ally can foige
      Reuter  -  603 words
    • 475 4 Reuter ROME A little-known former union leader emerged overnight as a likely successor to Italy's veteran Socialist Party leader Bettino Craxi who resigned over a bribery scandal. The party leadership, reeling from Mr Craxi's resignation on Thursday, chose Giorgio Benvenuto, 55,
      Reuter  -  475 words
    • 402 4 FT LONDON Queen Elizabeth II and the Prince of Wales are to pay income tax so far as possible according to normal tax rules. Prime Minister John Major announced on Thursday. For the first time the sovereign will
      FT  -  402 words
    • 352 4 UPI, AFP, Reuter. LONDON Annual inflation tumbled to 1.7 per ccnt in the year to January, the lowest level in Britain in more than 25 years. The Central Statistical Office said yesterday that December statistics showed annual inflation running at 2.6 per
      UPI,; AFP,; Reuter.  -  352 words
    • 413 4 FT WASHINGTON President Bill Clinton made clear yesterday that he intends not only to increase taxes on US corporations but also to penalise the more extravagant executive salaries. He told business leaders summoned to the White House, in a paraphrase of Thomas Jefferson,
      FT  -  413 words
    • 406 4 Reuter MOSCOW President Boris Yeltsin and his arch-rival Ruslan Khasbulatov have agreed to meet again next week to try to decide whether they should call off a referendum. Critics say the vote on who rules Russia could blow the country apart if
      Reuter  -  406 words

  • COMPANIES & MARKETS
    • 620 5  -  Fels close to deal on three floating power barges in Philippines By Rahita Elias SINGAPORE Home-grown conglomerate Keppel Corp, a major investor in the Philippines, will soon float another of its Philippine companies on the country's stock exchanges as it gears
      Photo by Christopher Loh  -  620 words
    • 556 5  -  By Amy Balan SINGAPORE Investors have reacted enthusiastically to the plan by UK tobacco giant Rothmans International to merge its Singapore, Malaysian and north-east Asia operations under a new regional unit. The share prices of Rothmans of Pall Mall (Malaysia) Bhd shot up by M
      556 words
    • 692 5  -  HOCK LOCK SIEW By Ray Heath LONDON Giving up immediate benefits for greater rewards later is an admirable concept. Shareholders of the Londonquoted Rothmans International will be hoping that it pays off for them, because that is what their management has done in
      692 words
    • 362 5  -  By Ramesh Divyanathan SINGAPORE Backed by higher contributions from its marine business, Chuan Hup Holdings Ltd has reported a 5.5 per cent gain in net earnings to $7.12 million for the half-year ended Dec 31, 1992. Turnover fell 14 per cent to $30.9
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    • 256 5 SINGAPORE Morgan Grenfcll Asia, acting on behalf of Chang Ching Chuan, has made a conditional cash offer for shares of Alliance Technology and Development Ltd. Mr Chang, who already owns 30.53 per cent of the company's enlarged share capital, is making the offer,
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    • 107 5 MBT KUALA LUMPUR Edaran Otomobil Nasional (EON) entered into a conditional agreement on Thursday to acquire a total of 7.8 million shares of Msl each representing about 54.84 per cent equity in United Oriental Assurance (UOA) for M 53.9 million (552.4 million) cash
      MBT  -  107 words
    • Article, Illustration
      306 5 Source: Bridge Info Performance of STII's index stocks Feb 12 Last Scmc Mn Slock sale Ckp fatfr—im S Avimo 1.900 -163 CAC 7 100 -0 200 6 09 34 78 Cerebos 5.000 4.29 FAN 11.300 9.69 GF Asia 3 080 -0.060 2.64 10 43 Gen Mag 1000 0090 0.86
      Source: Bridge Info  -  306 words
    • COMPANIES
      • COMPANY BRIEFS
        • 52 6 SINGAPORE Haw Par International Ltd said its subsidiary, Har Par Leisure International Pte Ltd, has agreed to divest its entire stake in Sovereign Marketing (Australia) Oty Ltd. Sovereign is a company set up in Australia. HPL sold its stake for AS 1.19 million (551.32
          52 words
        • 59 6 SINGAPORE City Developments Ltd said CDL Hotels (UK) Ltd has increased its issued and paid-up capital to £20 million (5546.6 million) from £2 and its authorised capital to £35 million from £100. CDL Hotels (UK) is a wholly-owned subsidiary of Hongkong-listed CDL Hotels International Ltd,
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        • 103 6 Bernama KUALA LUMPUR The New Straits Times Press (Malaysia) Bhd, which enjoyed improved results in the previous financial year owing largely to higher advertising revenue, is eyeing the advertising potential offered by small and medium businesses. Chainnan Mohd Ghazali Che Mat said the country's economic
          Bernama  -  103 words
        • 63 6 Bernama KUALA LUMPUR Malaysia's Capital Issues Committee has approved Prompto Bhd's proposed listing of its enlarged paid-up share capital, comprising 19.46 million ordinary shares of Msl each, on the second board of the Kuala Lumpur Stock Exchange. A statement by Arab-Malaysian Merchant Bank Bhd
          Bernama  -  63 words
      • 262 6 Land General's pre-tax profit rises 16pc to M$101m MBT KUALA LUMPUR Land General has posted a 16 per cent rise in group pre-tax profit to M$ 101.24 million (5562.77 million) on the back of a 12 per cent increase in turnover to M 5469.71 million for the year ended Dec
        MBT  -  262 words
      • 488 6  -  Company to continue US$ lb-a-year programme in region From Ray Heath in LONDON WITH South-east Asia one of the few areas in the world where making a profit is not all uphill, British Petroleum is standing by its capital-expendi-ture commitment to the
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      • 364 6  -  By Lilian Ang SINGAPORE Singapore Petroleum Company (SPC), British Petroleum (BP) and Caltex yesterday sealed their decision to proceed with a 1.3 billion refinery upgrading project in the Republic by officially awarding the main contract to Japan-based JGC Corporation.
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      • 482 6 Reuter DETROIT The Big Three US carmakers lost an astounding U5530.17 billion (5549.78 billion) in 1992, but special non-cash accounting charges masked fundamental improvement for the companies, industry analysts say. A required change in accounting for health care benefits for retired
        Reuter  -  482 words
      • 152 6 AFP HONGKONG Hongkong's long-awaited pay-television service has passed another hurdle, with the Executive Council agreeing in principle to award the licence to sole bidder Wharf Cable Ltd. The Executive Council (cabinet) agreed in principle to award the 12-year licence to Wharf Cable Ltd, an
        AFP  -  152 words
      • 336 6  -  From Ray Heath in LONDON THE mountain of bad debts looming over Britain's banking systems appears to be shrinking. Lloyds Bank, the first of the Big Four UK banks to report its annual figures for 1992, yesterday revealed a substantial
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      • 262 6 Reuter LONDON For more than 1,600 people at Leyland DAF their worst fears came true yesterday as administrative receivers at the British arm of collapsed Dutch truck-maker DAF NV began handing out redundancy notices. During the morning, while votes in
        Reuter  -  262 words
      • 253 6 Bernama KUALA LUMPUR IHD Holdings Ltd, a company with assets exceeding HKSI.2 billion and controlled by a Malaysian and listed on the Stock Exchange of Hongkong, is to be relisted soon. IHD Holdings, in a circular to shareholders on Feb 11, 1993, had
        Bernama  -  253 words
    • FINANCE & COMMODITIES
      • 319 7 Existing banking operations will be transferred to the new company AFP KUALA LUMPUR The Hongkong and Shanghai Banking Corp in Malaysia will become a locally-incorporated entity by early next year, its chief executive officer Chris Langley said. The bank will be known
        AFP  -  319 words
      • 174 7 SINGAPORE Permanent Secretary of Labour Chuang Kwong Yong will succeed Chua Kim Yeow as chairman of the Post Office Savings Bank on Wednesday. Mr Chuang, 42, has been a member of the POSB board since July 1991. His term as chairman will
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      • 184 7 Knight-Ridder BANGKOK Thai Finance Minister Tarrin Nimmanhaeminda will submit a draft Bill to the Cabinet next week to set up an export-import bank in Thailand. The Bill must first be approved by a council of economic ministers on Monday, an official of the
        Knight-Ridder  -  184 words
      • 127 7 Knight-Ridder SINGAPORE Indonesia's seven state-owned banks are expected to increase their total 1993 pre-tax profits by 36.4 per cent, to 820.9 billion rupiah, over 1992 levels, said the Jakarta Post yesterday. Improving overseas economies and the better outlook for Indonesia's economy should
        Knight-Ridder  -  127 words
      • 224 7 Bloomberg Business News TOKYO The Ministry of Finance is urging Japan's major banks to issue more bonds into the Eurobond market with an eye toward shoring up their capital reserves and freeing up more credit for medium and small-sized companies. On Feb 8,
        Bloomberg Business News  -  224 words
      • 481 7 DBS Bank weekly currency review USS/DM: Uptrend to resume? The greenback traded mostly between 1.6420 and 1.6650 this week, easing the overbought conditions in the daily stochastics. Although bias remains on the upside, resistance is seen at 1.6665 and a break of this level is
        481 words
      • 395 7 Bloomberg ENERGY REPORT LONDON Opec meeting, starting today, dominated oil futures trade in London and New York yesterday, brokers said. Opec's ministerial monitoring committee convenes today in Vienna to discuss secondquarter output and prices. Futures trade usually slows ahead of Opec meetings because of
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      • 138 7 The US dollar opened at 1.6585/9S against the Singapore dollar. Some corporate sales at the start took the dollar to a low of 1.656S before local buying support emerged. The dollar finally closed around 1.6600 on a firm tone. The ringgit market was extremely quiet
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      • 199 7 Reuter LONDON The pound won a reprieve yesterday, recovering from a new trading low against the mark after the British government moved to squash speculation that a dramatic Tall in inflation would bring more interest rate cuts. The dollar staged a late comeback in European trading as some upbeat
        Reuter  -  199 words
      • 89 7 Knight Ridder NEW YORK The US dollar turned mixed as it rebounded from a morning slide and pushed upward yesterday. Dealers expect narrow range trading because the market is likely to wind down early ahead of the 3-day Presidents* Day weekend. At 1045 EST, the dollar traded at
        Knight Ridder  -  89 words
      • Article, Illustration
        1439 7 I rade-»ntfhlal index cakuJalnl again*/ S'pore's lop 14 trading partners Bast yyqr I9fl! I US$/S$ forward rates. Noon ftto 12 ss Bid Offer I month 1.6478 Ij64<»3 2-monlh 1.6467 1.6482 3-month I.64S7 1.6472 6-month 1.6425 I.644S Sourrr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am ytstnnUy Singapore dollars
        1,439 words
    • COMMODITIES & FUTURES
      • 1451 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures were firm yesterday, boosted by speculative buying on the back of good response to the US Treasury's 30-year bond auction. Dealers said investors were also prepared to go long into President Bill Clinton's State of the
        Reuter  -  1,451 words
      • 1013 8 COMMODITIES REPORT Tin THE price of tin eased one sen to finish at MJ 14.98 per kg on the Kuala Lumpur Tin Market yesterday on lack of buying support. Dealers said most players were not interested in trading on
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      • 1667 8 Rubber Feb 12 MS Cormm «ty Exclia ■C* (tat mas dosi lag as at lpn) RAS (physical prk •S) RSS 1 Contract (S cents/kg) Rayars SoRors Close Volume Open As at 12aaan (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Mar 93 146 00 I47 00N
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    • REGIONAL STOCK MARKETS
      • 931 9 +4.4 THE share market finished the week with another small rise, pushed ahead by widespread overseas buying orders and some strong interim profit results. Brokers said the market had consolidated after a week of heady rises, and was performing unexpectedly well. The All Ordinaries Index ended at 1.603.5. up
        931 words
      • 557 9 +1.04 The main stock index finished at a four-month high despite late profit-taking on blue-chip commercial/industrial shares. The Manila Composite Index closed below the day's high but was up 1.04 points to 1,404.65, the highest since it began sliding from 1.408.13 on Oct 9. "Money is getting out of
        557 words
      • 391 9 1.80 Stocks closed a shade firmer after some last-gasp buying of financials prevented profit-taking dragging the index into negative territory, brokers said. The Composite Stock Index closed 1.80 higher at 683.40. The profit-taking mostly centred on large-capitalisation shares. Brokers expect a rebound next week and see the index trading
        391 words
      • 83 9 -51.29 Stock prices fell further as a confrontation loomed between the government and the Bharatiya Janata Party (BJP). The BSE Index slipped 51.29 points to 2,734.54 and the National Index lost 13.24 to 1,237.63. The Indian government on Thursday announced a ban on a political rally planned by the
        83 words
      • 310 9 +9.97 Fletcher Challenge (FCL) continued to be the star performer in a share market which was generally firm on moderately active volume. The counter rose 10 cents to NZ$2.6B, having risen from NZ$2.4O at the start of the week. "Fletcher is driving the market," a trader said. "They
        310 words
      • 555 9 153.76 Stocks soared 4.3 per cent in hectic trade as Taiwan Provincial Governor Lien Chan's nomination as Premier on Wednesday and speculation by big players fuelled waves of buying. The Weighted Index ended 153.76 points up at 3,775.19. Turnover climbed to NTS36.I billion, the heaviest since last June. Newspaper
        555 words
    • WORLD STOCK MARKETS
      • 755 9 +8.7 Share prices firmed yesterday after a shock slowdown in UK retail price inflation, but ended below the day's highs as Wall Street stocks weakened. The market rallied strongly from a lower start after the January retail price index showed a year-on-year rise of 1.7 per cent against forecasts
        755 words
      • 138 9 +6.4 French shares finished higher after an up-and-down day, with the CAC-40 Index managing to keep its nose above the key 1,900 level at the close yesterday. The CAC-40 Index ended up 6.40 points, or 0.34 per cent, at 1,911.97. The index rose 3.79 points for the week. Of
        138 words
      • 126 9 1.36pc Early hesitancy gave way to a more positive mood by afternoon sending all sectors except banking and insurance higher yesterday. The general index rose 1.36 per cent to 976.22, a high for the year, in turnover of 1.20 billion crowns. Yesterday's factor was a change of heart on
        126 words
      • 201 9 +10.38 German shares continued the gradual climb seen over the past two weeks, reaching their highest close in nearly seven months yesterday. Boosted by hopes of further interest rate cuts, the DAX blue-chip index ended 10.38 points, or 0.6 per cent, up at 1,661.43, bringing its total gains over
        201 words
      • 144 9 1.02pc Subsiding worries about the stability of the government of Prime Minister Giuliano Amato helped boost confidence on the Milan bourse and key shares closed higher yesterday. Shares in automotive group Fiat SpA surged nearly 8 per cent, boosted by technical factors and ill defined market talk that it
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      • 249 9 +0.88 Dutch shares closed higher after a strong surge at midday which pushed the index above the 300 level. It held onto gains throughout the afternoon yesterday. The EOE Index closed 0.88 points higher at 300.16. Turnover was fairly high, particularly in food stocks Nutricia and CSM. Some dealers
        249 words
      • 232 9 +8.3 Swiss shares ended slightly higher as chemicals and some cyclical stocks lifted the market yesterday. Dealers said the bourse had consolidated this week but that further rises were likely next week as sentiment was positive and prices were well-supported at lows. Continuing hopes for easier interest rates also
        232 words
      • 291 9 +0.18 Toronto stocks opened stronger yesterday, after news that Brascan Ltd agreed to sell its stake in brewing giant John Labatt allayed concerns about the health of the Bronfman group of companies. The TSE-300 Index rose 2.23 points or 0.06 per cent to 3,445.30 on volume of 14.8 million
        291 words
      • 532 9 +10.27 Wall Street fell yesterday morning, despite good US economic news on the eve of a three-day holiday weekend. The Dow Jones Industrial Index stood at 3,402.94 at 11:00 am (1600 GMT), down 19.75 points, with 77 million shares changing hands. Traders hesitated while waiting for President Bill
        532 words
      • 157 9 -2.89 Oil major Petrofina and retailer Delhaize attracted most of yesterday's attention on a fairly active Brussels bourse, where Belgian shares closed slightly down. Traders said the market was in a consolidation phase. "The underlying sentiment remains bullish, but the recent gains have to be absorbed first," one trader
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      • 268 9 -31 South African gold shares ended sharply weaker but up on the week yesterday. The JSE industrial index lost 31 points to 4,572. The overall index fell 59 points to 3,491. "Investors seemed to have had enough for the week. The buying just was not there," a senior dealer
        268 words
      • 546 9 Vienna Mil Aack A4§ Holding 100} 12 Bank Aimru(P) 4*7 -J E Mlgcm (PI 14(0 4 10 JungbunrJ 1**5 Lciuing 5» unci) Lrytam 258 I Owrrr Brau H* |J ScnHXi< H2 +2 Seyr 212 I vmatn 2J5 I Source: Z-Lan Bank Austria Nasdaq II LS$ \iio4pA oon Bming ***** 4125
        546 words
    • Article, Illustration
      2475 10 Reuter SHARE prices ended slightly higher after dull, narrow-range trading, brokers said. The blue-chip Hang Seng Index was up 1.15 points at 5,858.15, while the broader-based All Ordinaries Index was 3.37 higher at 3,128.28. Turnover was HKS2.O3 billion. The market opened weak as profit-taking set in due to a
      Reuter; Source: Bridge Info  -  2,475 words
    • Article, Illustration
      438 10 SHANGHAI'S official denial on the death of China's elder statesman, Deng Xiaoping, helped to pull the market out of its recent doldrums. The CLSA Shanghai A Index surged 432.35 points to 10,047.35 on a good turnover of 44.3 million shares. The Shanghai B mar- 55 to close 1,081.13, on
      438 words
    • Article, Illustration
      2451 10 Reuter STOCKS ended lower and the Nikkei Average dropped 238.39 points to 16,851.51, closing under 17,000 for the first time since Jan 27. Futures-linked selling squeezed prices, while most investors kept a low profile due to uncertainty over the yen's direction, brokers said. Turnover was about 270 million shares
      Reuter; Source: Bridge Info  -  2,451 words
    • Article, Illustration
      1589 10 Reuter STOCKS traded higher but some selling in the afternoon pushed the index slightly down after it had approached the psychological resistance level at 1,000 points during trade, brokers said. The SET Index gained 7.15 points to close at 998.36 on turnover of 9.98 billion baht. Advances led declines
      Reuter; Source: Bridge Info  -  1,589 words
    • Article, Illustration
      809 10 Reuter STOCKS ended mixed in a quiet half-day session dominated by Astra International, brokers said. On the regular market, foreign buying pushed Astra to 10,000 rupiah from 9,800 at the previous close. Astra also closed at 10,000 rupiah in cross trading on volume of one million shares. Other prices
      Reuter; Source: Bridge Info  -  809 words
    • 2531 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mult i-Purpose 12.327.000 Kcnong Bhd 5<X 8.356.000 kamunting 50c 8.038.000 Mclrupk-x MX' 7,670.000 Asia Pac Ld 50c 5.87V.OOO Tech Resources 3.773.000 Idris H\d 50c 2.747.000 Promt 2.206.000 Berjava (iroup I 433 000 Mulpha Inll JOc 1.768.000 taher Group 1.754.000
      Source: Bridge Info  -  2,531 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 4912 11 Bernama KUALA LUMPUR Share prices coasted to a mixed close when profit takers emerged to trim the gains of Thursday and early yesterday. The KLSE Composite Index at the close fell 0.42 of a point to 635.42. The Industrial Index jumped 27.25 points
        Bernama; Source: Bridge Info  -  4,912 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1073 12  -  By R Sivanithy SINGAPORE Tobacco giant Rothmans, which announced plans to merge its Singapore, Malaysian and Hongkong operations into one regional company, took the spotlight in active trading yesterday. The merger proposal envisages the eventual listing of the holding company Rothmans of Pall
        Source: Bridge Info  -  1,073 words
      • 66 12  -  HOT STOCK Paul Leo ROTHMANS Industries broke through resistance at $6.90 yesterday to reach a high of $7.25 before closing at $6.80. This upward move is likely to continue toward the stock's all-time high at $B.OS, attained in February last year. The five-week moving average line has cut
        SOURCE: BRIDGE INFO  -  66 words
      • 5142 12 I IWW DUWU c-„ IS "*3 INDUSTRIAL AND rn—«p<Mai m m s 50c S +6 M 286 280 283 2M l U 11 fj &J ■IT 43 I*, f« i« !E m .ion",!:®!" IIW V50 Asia Pacific I130xd- 1130 1160 42 9 III 111 551 iuai 6*n Jx> «t Sm
        5,142 words
  • Page 5 Advertisements
    • 4 5 Hot stock, Page 12
      4 words
    • 92 5 An easy putt to greater returns SINGAPORE GOLF OPEN is one of the premier sports events held here. It is expected to draw the attention of golf enthusiasts throughout the country. Both The Straits Times and Lianhe Zaobao will be publishing a special feature to cover this event. If you,
      92 words

  • Page 6 Advertisements
    • 365 6 BUS INESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX.734 3698 In the matter of The Companies Act, Cap. 50 And In the matter of CHINSON FURNITURE INDUSTRIES PTE LIMITED STATUTORY DECLARATION BY DIRECTORS OF COMPANY'S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES We. WOO KIM SENG of Block
      365 words
    • 170 6 Initial someone^ overseas about Sngapore. Subscribe now. Call 749-2577. IM THE MATTER Of THE COMPANES ACT. CAP. 50 AND RM THE MATTER OF U S. PACFIC EXPRESS PTE LTD PN CREDITORS' VOIUNTARY UQUOATION) NOTICE IS HEREBY GNEN tool on Exkoordinory General M—tng of to oboenomed Company duly convened and held
      170 words


  • Page 8 Advertisements
    • 89 8 GIVING YOU THE WINNING EDGE I ■-J" I rifr__ VOii I S^ss. I #z£z£ZE££*« I ssS®ssrST f*v Rating the Asia-Pacific stock markets What lies ahead for refiners and oil traders? New challenges for air transport companies Malacca sheds its small-town image Are bonuses all that they're made out to be?
      89 words
    • 19 8 As and when the latest London/Rotterdam prices are not available, the previous trading day's closing figures are carried instead
      19 words

  • Page 9 Advertisements
    • 111 9 YOUR VERY OWN HASSIF-fPff WT&< EUCTOONK_MEWS^UPPIN^HBVjCI! V new and other pertinent information on companies listed on the Stock Exchange And for m ■■Isfilaflsa tmm mi —Hjcs 391 V information on over 300 Singapore and Malaysian companies. One of our highlights is take advantage of this service, call our marketing a
      111 words


  • Page 11 Advertisements
    • 184 11 All <*amuM* mmi Ms an lislrd ia StS »a«r YOUR VERY OWN HASSLE-FREE BKTOO^NEWS-qjPPWGSBViq! ,f news and other pertinent information on companies listed on the Stock Exchange And for fbtcripthm h% W m/| |151 per month, you and your company can lirof Singapore Clob International are important to you and
      184 words

  • Page 12 Advertisements

  • SPORTS
    • 546 13 Hongkong Open Golf AFP HONGKONG American Brian Watts retained his lead in the second round of the U*****,000 (*****,500) Hongkong Open yesterday as Isao Aoki controversially pulled out and Severiano Ballesteros just made the halfway cut. Aoki withdrew himself before yesterday's round, declaring it
      AFP  -  546 words
    • 503 13 AP LA QUINTA, California Curtis Strange, seeking an end to a puzzling, three-year slump, put a birdie-birdie finish on a seven-under-par 65 and moved into the lead on Thursday at the Bob Hope Classic. Strange, on a slide since his second consecutive
      AP  -  503 words
    • SCORE CARD
      • Article, Illustration
        47 13 Reuter NEW YORK NBA results Thursday: Charlotte Hornets 116 Orlando Magic 107; New York Knicks 125 Houston Rockets 95; San Antonio Spurs 105 Washington Bullets 95; Utah Jazz 101 Seattle SuperSonics 96; Phoenix Suns 122 Golden State Warriors 100; Sacramento Kings 116 Atlanta Hawks 105. Reuter
        Reuter  -  47 words
      • Article, Illustration
        34 13 Reuter MADRAS, India England was 19 for no wicket in reply to India's First innings of 560 for six declared at the close of the second day of the second cricket test yesterday.
        Reuter  -  34 words
      • Article, Illustration
        329 13 Reuter Reuter AFP AP Bernama HONGKONG Leading second round scores in the U*****,000 HK Open yesterday: 132 Brian Watts (US) 136 Ray Stewart (Can) 137 Yeh Chang-ting (Tai), Robert Karlsson (Swe), David Feherty (GB) 138 Frank Edmond (Can), Hsieh Yu-shu (Tai), Bob May (US), Mark Aebli (US), Remi Bouchard
        Reuter; AFP; AP; Bernama  -  329 words
      • Article, Illustration
        53 13 Reuter NEW YORK NHL results Thursday: Philadelphia Flyers 0 Montreal Canadiens 0 (ot); Minnesota North Stars 1 Tampa Bay Lightning 0; Toronto Maple Leafs 5 Vancouver Canucks 2; Chicago Blackhawks 6 Boston Bruins 3; Washington Capitals 10 St Louis Blues 6; Los Angeles Kings 6 Detroit Red Wings
        Reuter  -  53 words
      • Article, Illustration
        380 13 AP AP AP AFP CHICAGO Results Thursday in the Virginia Slims women's tournament (seedings in parentheses) 2nd rd singles: Monica Seles (Yug 1) b Brcnda Schultz (Neth 7) 4-6, 7-6 (7-4), 6-4; Mary Joe Fernandez (US 3) b Ann Grossman (US) 6-4, 6-2; Zina Garrison-Jackson (US 5) b Elna
        AP; AFP  -  380 words
    • SIDE LINES
      • 108 13 AFP WELLINGTON Barry van der Haven, a summer golfer using a beaten old ball, entered golf heaven yesterday with a pair of unlikely holes-in-one. He stepped up to the fourth hole at Christchurch's Avondale course, south of Wellington, fired a six-iron shot at the pin 150 metres away
        AFP  -  108 words
      • 79 13 AP PARAPARAUMU, New Zealand Australian Jeff Senior shot a flawless six-under-par 65 yesterday for a one-shot lead after the second round of the U*****,000 New Zealand Open golf championship. Senior, older brother of better-known Peter Senior, mastered difficult winds and hot, dry conditions
        AP  -  79 words
      • 59 13 Reuter MADRAS, India English cricket player D Reave (left) trying to save himself from a shot off Indian batsman Navjot Sidhu's bat during the first day's play of the second five-day Test match between India and England here on Thursday. Sidhu made 104 runs and was not
        Reuter  -  59 words
      • 104 13 AP SANTA CRUZ DE TENERIFE, Canary Islands Britain's Mike McLean, who set the course record of 63 at the Johnnie Walker Classic in Singapore last weekend, shot a four-under-par 68 on Thursday to take a surprising onestroke lead in the first round of the Tenerife
        AP  -  104 words
    • 640 13 AP NEW YORK Cincinnati Reds owner Marge Schott called the investigation that led to her suspension from baseball "a witch hunt", repeated her belief that everyone uses the word "*****", and said she doesn't think the swastika is a symbol
      AP  -  640 words
    • 832 14  -  George Vecsey on Ulyona Semyonova, a representative of the might of the former Soviet Union George Vecsey NYT HER KNEES are shot from all those years of lugging her sev-en-foot-two-inch body up and down the court, but Ulyona Semyonova hopes to make another long haul after
      NYT  -  832 words
  • 1646 13 5s nt ra n*t n»_ ag nm m nm AhiOtaM GA860 0020 Ma CM MMl Qfr VN/SQ743 1315 VFVSQ742 1415 GA928 0305 NaagfcMg SQ1 1320 SQ862 0915 MafaMa SQ228 2015 CI665 1430 SQ852 0915 AMUi RJ187 0135 CX7I3 1455 CX7I4 0925 SQ851 1725 CX710 1130 SQ319
    1,646 words
  • Page 13 Advertisements
    • 47 13 Fly Finnair's new MD-11 the woiidls most technologically advanced aircraft Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. know the world from start to Finnish.
      47 words

  • SHIPS IN PORT
    • 435 14 *>* 8"* Pqartw Vessel fey lh fciM PqwWt 55**, Super 2 1/33 P01C alongside 12.02/2200 Aketo 1 M/5 alongside 13.12/1200 Thach Han 2/93 P088 alongsrte 13.02/2300 zteca 1 198 J7/8 alongside 13.12/1500 firta Arta M T12 P01C alongside 12.02/2300 ftniuia 1989 40/93 J3 alongside 13.12/0600 Van Ommeren2
      435 words
    • 1467 14 DELIVERY Of Fa IMPORT CONTAINERS IN PROGRESS Hi CwtdMii CTihH* Sty Voy H> CwUfcwn wihMt Pnim r inu. B Butang 9307 COO(EST) 12.02.93 2100 rw~, ikaao 0745 Tlkhono 01E93 COO(EST) 12.02.93 1500 Saud. Orrya USA062 02.93 0753 Okunoze 13S COO(EST) 12.02.93 1500 HL.V1 5 3 1 0293 0850
      1,467 words
  • Page 14 Miscellaneous
    • 320 14 CRYPTIC CROSSWORD smasW sessing current situation (11) YESTERDAY'S SOLUTION DOWN 11 Cheats using false bright MPflriLl6lFUkMul I IVIeIrM 2 Angel, for example, calling |4 turTO wlth in 3 Terrible guy, one with com- J 1 s'""*5'""* speed < 10 ItBTHiyiIBKHiHSMg mercial vehicle.... (4) 17 Like many churchy, per--4 ....knocks down
      320 words

  • REGIONAL FOCUS
    • 632 15  -  Innovation brings success to Australian industry Reports from Florence Chong in SYDNEY THE rise of Australia's newlycompetitive industries has, to a degree, been nurtured by the government's various industry plans "Factor f" for the pharmaceutical industry, the Partnerships for Development
      632 words
    • 1132 15 SYDNEY Over the next seven years, foreign drug companies are expected to invest some ASBOO million (SS96O million) in Australia to make products for exports. So far, international drug manufacturers have invested around AS3OO million to expand their factories in Australia, having substantially boosted
      1,132 words
    • 1589 15 SYDNEY Exports of software developed in Australia have risen ten-fold since 1987. Six years ago, the total exports by members of the Information Industry Association was ASIIS million (S$ 186.3 million). The figure rose to AS 1.1 billion in
      Source: Austrade and Departament of Industry,Technology and Commerce  -  1,589 words

  • 508 16 Germany, Netherlands and UK at odds with EC over import quotas Reuter, UPI BONN Germany yesterday warned against the creation of a "fortress Europe" and rejected a European Commission claim that it was breaking EC trade rules in lifting import quotas against some
    Reuter,; UPI  -  508 words
  • 410 16 Bloomberg Business News HONGKONG Chinesecontrollcd Citic Pacific, one of Hongkong's major holding companies, says it will invest in China rather than Hongkong until the Sino-British conflict over political reform in the territory is resolved. "There aren't very many
    Bloomberg Business News  -  410 words
  • 472 16 Reuter WASHINGTON The top US trade official has emerged from a meeting with his European Community counterpart saying a world trade agreement is nowhere close to being reached and signalling no thaw in US-EC trade relations. US Trade Representative Mickey Kantor
    Reuter  -  472 words
  • 421 16 Reuter LEGAZPI, Philippines Mount Mayon exploded in clouds of superheated steam, smoke and ash yesterday, and scientists warned of even greater eruptions to come. A series of explosions shook the crater of the volcano, 330 kms south of Manila, spewing
    Reuter  -  421 words
  • 321 16 Reuter WASHINGTON Seeking to put the "Nannygate" controversy to rest. President Bill Clinton has named a woman prosecutor known for being tough on corrupt officials, drug dealers and delinquent parents as the top US justice official. In naming Janet Reno who would be the
    Reuter  -  321 words
  • 164 16 AP TAIPEI The ruling Nationalist Party or Kuomintang is facing another unity crisis, with some members forming a splinter group, a party official said yesterday. Li Tsung-jen, chairman of the party's disciplinary committee, said members of the New Kuomintang Alliance have openly denounced President
    AP  -  164 words
  • 634 16 Beijing faces renewed trade tension if it devalues renminbi Bloomberg Business News HONGKONG China, faced with the need to devalue its currency because of a plunge in swap market rates, could find itself in renewed trade conflict with the United States if it
    Bloomberg Business News  -  634 words
  • 277 16 Bloomberg Business News NEW YORK US manufacturers are more optimistic about prospects for growth in the coming quarter than they have been since January 1990. A survey by Dun Bradstreet Corp. released yesterday, said: "Manufacturers are confident that growth in their sector will
    Bloomberg Business News  -  277 words
  • 395 16 AFP SINGAPORE Charges will be pressed against a Taiwan citizen who represents the owners of the cargo vessel MV Galahad and two ship officers who arrived aboard the vessel with 128 Chinese passengers. Police said yesterday that the prosecutions will
    AFP  -  395 words
  • Page 16 Advertisements

  • Executive Lifestyle
    • 1715 17  -  Kanm Raslan examines the uneasy and often violent relationship between organised crime and the film industry in Hongkong Karim Raslan Karim Raslan is a freelance writer who contributed this article to BT. 1m Aa a ini\iy IV 1IUII^" kong's übiquitous gang members they're the rough-looking men hanging around
      1,715 words
    • STRAWS IN THE WIND
      • 86 17 TRUE STORY: An army sergeant got into a land rover and noticed that the driver was new. "Just passed driving ah?" asked the sergeant. "Make sure you drive properly ok." Noticing that the petrol gauge was almost at *E\ he asked: "Hey, do you have enough petrol or
        86 words
      • 95 17 OH, THE WAYS in which the young mind works. A reporter who was conducting a poll to determine the most popular Hongkong actor telephoned a young lady who had voted for Andy Lau. "Why did you vote for Andy Lau?" she asked. To which the girl replied: "Don't
        95 words
      • 24 17 IN LIFE, you have to take things literally. Seen in a Malaysian pasar malam a toothbrush with the brand name Jaws 2.
        24 words
    • OPINIONS
      • 877 18  -  David Toh looks at the possible problems that might crop up when the Goods and Services Tax is levied on financial services David Toh The writer is a director of an international accounting firm The imposition of the proposed Goods and Services Tax on financial
        877 words
      • 710 18  -  Maggie Ford reflects on the scandals that have entertained Britons over the decades Maggie Ford The writer, a Briton, is BT's Jakarta Correspondent BRITONS who have quit their country to live abroad often marvel at the mess it has got itself into. Government vacillation and incompetence seem
        710 words
      • 771 18  -  British Prime Minister John Major is squaring up for yet another confrontation in the House of Commons over the Maastricht Treaty, writes Neville Stack Neville Stack The writer is a UK-based journalist who contributed this commentary to BT LIKE a gunfighter in a Western who walks away
        771 words
      • 471 18  -  LETTERS TO THE EDITOR SF Wong THE stock market is the most essential element of a financial centre. If we aspire to be a great financial centre, the fact that the SES Journal. the most important publication of the Stock Exchange of Singapore, is
        471 words
      • 161 18  -  Denis Distant THE start of options trading in Singapore has been postponed a number of times already. About a year ago, 1 accepted the invitation of the SES to attend a seminar on options trading for a small fee just to see
        161 words
    • VIEWPOINT
      • 1810 19  -  CONVERSATIONS AT RAFFLES Entrepreneur Peter 800 tells Margaret Thomas why the government must take its hands off business if it's serious about develoninp local entrepnse. And why the opportunities in the region will not wait for Singapore to decide how best to tackle them Margaret Thomas
        1,810 words
      • 749 19 PETER 800 may want to see more Singapore companies seize business opportunities in the region, but he worries about what will happen if too many companies heed the call to venture beyond Singapore's shores. "There's a possible hollowingout effect and that's very dangerous to us. The
        Photo by Chris Loh  -  749 words
      • 1179 19 HIS O' level grades qualified him for the National Junior College. But family circumstances led Peter 800 to opt instead for an Economic Development Board training scheme that took him to a polytechnic and, at the age of 23, to start his own business. "I was supposed to
        1,179 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 52 20 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities. Crosby Securities Daiwa Securities Singapore. DBS Asset Management Kim Eng Securities. Morgan Grenfell Asia Securities Phillip Securities, OCBC Securities. Ong Co COB Securities and WI Carr. Figures denote number
          52 words
        • 154 20 Kim Eng Securities rimes Publishing. Earnings set to recover after a drop in 1992. A compounded increase of 13.5 per cent in net profits expected between now and 1995. Tech Resources. Celcom, which will become a wholly-owned subsidiary, is about to enter a phase of explosive profit growth. The
          154 words
        • 257 20 Kim Eng Securities (Singapore) Fourth quarter growth may exceed 7 per cent as non-oil domestic exports rose by a strong 20.2 per cent YOY compared with 9.5 per cent in the third quarter. In the first half of 1993, GDP growth will continue to be
          257 words
        • 212 20  -  Alex Chng Beng Hock, Alex Chng Beng Hock, 30 Alliance Securities (Pte) HE 1993 Budget is I cxpcctcd to be bal--M. anccd with a smaller surplus. With the proposed implementation of the 3 per ccnt Goods and Services Tax (GST) next April, which is to be accompanicd
          212 words
      • 1135 20  -  The Stock Exchange of Singapore will introduce options trading this year. Paul Leo explains how this works and offers some guidelines for the potential player Paul Leo IN THE Year of the Rooster, stock options will be something to crow about. Options, which will be introduced
        1,135 words
      • 892 20 OPTION strategies can be formulated by combining any of the four basic structures: holding a call, holding a put, writing a call and writing a put. Let's take Singapore Airlines as an example. Suppose an investor holds a call option on SIA with
        892 words
      • 363 20 WHEN the stock exchange introduces options trading, the average investor will face the task of calculating the fair price of an option. This once-daunting task has been simplified by computers and made affordable by a marketer of trading tools, Key Quotes International. Its
        Source: Bloomberg  -  363 words
      • 767 20 IN MANY ways the buying and selling of options is very similar to the buying and selling of warrants on the stock exchange, except for one big difference. A warrant can only be converted into stock that means the investors can buy the
        767 words
      • 1020 21  -  Moiz Tyebally on how investors should treat the advice of their brokers Moiz Tyebally WITH the stock market doing so well, you might be tempted to get into the market for a piece of the action. But the hotter the market, the faster
        1,020 words
      • 1177 21  -  Soh Tiang Keng explains how the system works and how investors are benefited by it Soh Tiang Keng SCRIPLESS trading made its debut in Singapore in February 1987 with the launch of the Sesdaq market. And in May 1990, the system was extended to
        1,177 words
      • 807 21 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Ranking as al 5 feb 93 Credit Lyonnais Singapore Gr 28 07 69 5 38 2 12 30 1 *569 1 i«u i lfna DBS Mcndaki (irowth To05 91 0 97 10 2
        807 words
      • 360 21  -  CHART J* Chew Eng Han The writer is assistant manager of investments at NTVC Income THE ST Industrials Index peaked last week at the upper end of the target range of between 1,610 and 1,650. Since then, the index has entered a corrective
        Source: Bloomberg  -  360 words
      • 181 21  -  Spotlight currency By Paul Leo JAPAN faces mounting pressure to ease its massive trade surplus. Against the United States, surplus is about US$4 billion (556.4 billion) a month. One way to ease the surplus is to let the yen appreciate. Japan's Minister
        Source: TeleTrac  -  181 words
    • 693 22  -  By SUSAN TSANG BRIDGET FONDA certainly makes one Single White Female that audiences will want.to look at —as Allison Jones, she's bright and beautiful, with a small computer software company and great clothing sense. Her apartment is in Manhattan's stunning beaux arts Ansonia residential complex, and
      693 words
    • 809 22  -  By SUSAN TSANG WE'VE SEEN it all before having worked hard to get himself into a high position, the establishment figure loses his head, dignity and position over a young thing. There was Dom Claude Frollo, who counted the Notre Dame but loss at the sight
      809 words
    • 1799 22  -  P Y Van slips on her fins to meet some of Sipadan's colourful underwater inhabitants, while Nirmal Ghosh reviews Michael Patrick Wong's book on the island Nirmal Ghosh P Y Van SIPADAN. an oceanic island ofT the north-east coast of Borneo,
      Photos from Michael Patrick Wong's Sipadan,Borneo's Underwater Paradise  -  1,799 words
    • 871 22  -  Cinema Review By JAIME EE SXhAKtRS is the kind of movie that makes you regret flunking out of Computer Programming 101 in school. If you had known that learning about the affairs of the byte could have been so fascinating, maybe you wouldn't
      871 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • 121 24 MACBETH was sorely mistaken in placing his trust in sleep. In fact, sleep, "that knits up the ravelled sleave of care", could kill you if you are dreaming, that is. Researchers have found that during dream sleep, the sympathetic nervous system becomes twice as active as
          121 words
        • 92 24 ACCORDING to popular belief, fibre not only aids digestion but may well lower cholesterol levels. Yet scientists warn that eating bran cereals and muesli will not guarantee a significant reduction in the cholesterol level. Fibre's contribution to good health only comes if it replaces the fat
          92 words
        • 102 24 THE link between intelligence and mental activity has been proven. The difficulty is in determining which comes first. According to researchers at the University of California, the more you use your brain, the longer the branches of your nerve cells grow and the more information they
          102 words
        • 108 24 SMOKING can put physiological stress on your bone marrow, say American researchers. The carbon monoxide in the smoke means your red blood cells can carry less oxygen to your body tissues. This creates a need for the bone marrow to produce more red blood cells to
          108 words
      • 633 24  - Love and live longer Affairs of the heart can prevent heart disease, according to medical research. Susan Tsang reports Susan Tsang A POPULAR song has it that Love Hurts. Didn't someone even claim that love kills? In Singapore, where coronary disease tops the list of killers, affairs of the heart
        633 words
    • PEOPLE
      • 256 24 WHEN big guns of the property business get together for a Chinese New Year do, they act like... well, big guns at a property meeting. The spring rolls and mandarin oranges played second fiddle as developers and consultants at the get-together organised by the
        256 words
      • 239 24 64~VT ew world orI der... or disorX der". That was the theme of a luncheon discussion organised by American publishing firm Dow Jones Co in Singapore on Feb 2. Senior executives and editors of the company which publishes The Wall Street Journal (as well as the
        Photos by Chris Loh  -  239 words
    • TIME OFF
      • 693 25  -  Shahiron Sahari checks out two multi-functional nightspots on Orchard Road Shahiron Sahari THE theme at Tornado is the 1920s and 30s nightclub scene, with representative murals on its rear walls, the wooden panelled floor, and numerous bar counters and nooks and crannies fighting to present that
        693 words
      • 848 25 FROM its little entrance on the fourth floor of Orchard Plaza, Fire Disco doesn't seem like much. Understandable, I figure, this being a week night, and it being late and a 11... When you enter, the room, which can only be described as
        848 words
      • 91 25 Absent Friends The first British Airways Playhouse is Alan Ayckbourn's comedy, first produced in London's West End and winner of the Evening Standard's Best Play award. Britain's most successful living playwright, Ayckbourn maintains that his purpose in life is to make people laugh. The Hilton Hotel, Grand Ballroom. Feb
        91 words
      • Article, Illustration
        318 25 Singapore Symphony Orchestra "Greatest Lovers from the Musical World" is the orchestra's Valentine's Day celebration. Starting with Tchaikovsky's Romeo and Juliet Fantasy Overture and featuring Ravel's Daphnis and Chloe: Suite No 2, the programme also includes Faure, Rogers and Hammerstein, and Gershwin. Victoria Concert Hall. Tonight. 8.15pm. Tickets at
        318 words
      • 168 25 Les Cavaliers do rOrage A 1917 film in which a married woman doctor meets two elite horsemen, one of whom serves in the Dardanelles during World War I. Alliance Francaise, 4 Draycott Park. 7.15pm on Feb 16 and 9.15pm on Feb 17. Telephone 737-8422 for details. The First Emperor
        168 words
      • 1160 25 Singapore International Coin Convention Rated the most important numismatic event in the Asia-Pacific region, the SICC '93 has attracted 80 coin and note dealers and 15 government and private mints. The Singapore Mint is releasing Gold of Wealth Proof Medallions in 999.9 fine gold and 925 fine
        1,160 words
      • 75 25 Kite Flying The Singapore Kite Hying Association holds its Flying Day at which there will be a variety of gaily coloured and interestingly shaped kites. Bring your camera. Marina South. Feb 14. 10.30 am to 5.30 pm. Musical Fountain Special For Valentine'e Day. there are specially
        75 words
      • 27 25 Singapore Cricket Club An annual event in whidi more than 15 countries send teams to compete for the Ablitt Cup. The Padang. Feb 20 and 21.
        27 words
      • 248 25 Israeli Film Festival Five films will be presented at the Jubilee Hall. Raffles Hotel, at 6.45pm and 9.15pm beginning Feb 24: The Summer of Aviya. Laura Adler's Last Love Affair. When the Night Falls. Mrs vs Miss (Irit and Irit), and Thousand and One Wives. Information
        248 words
      • 111 25  -  Compiled by MICHAEL WICKMAN Thailand will host the Third Asean Theatre Festival from Feb 14 to 22. A Singapore delegation to the festival will present a double bill of Chinese plays: Alien, which won the Golden Lion award in a 1990 play-writing contest, and Face, also written
        111 words
    • EPICURE
      • 730 26  -  When in Bangkok, follow your nose. It'll lead you to the tastiest tidbits your baht can buy, reports Michael Wickman Michael Wickman THE PUNGENT fragrance of bananas, frying in coconut oil or poaching in sweet sugar syrup, mixes with the diesel fumes on Bangkok's frenetic and
        Photos by Wendy Chan  -  730 words
      • 516 26  -  BonAppetit By JAIME EE THE WORLD may be one's oyster, but if you're looking for something more worth your culinary while, they're waiting at Pan Pacific's Japanese restaurant, Keyaki. You know how bears and other assorted animals fatten themselves up for winter? Well, the
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      • 467 26  -  By NIRMAL GHOSH THE VIEW was gratis, and notably free of oil too, unlike the duck vindaloo which formed part of the buffet menu at the Compass Rose's "Curry with a View" lunch. A waitress informed us with a smile that "we sell the
        467 words
      • 778 26  -  Wine By N K YONG THERE is a popular perception that Australian and Californian wines are cheaper than French at the same level of quality. This used to be so, but not now. The good news is that it is possible to And many French
        778 words
    • Article, Illustration
      1075 28 A Few Good Moo. Egged on by earnest Demi Moore, unambitious navy lawyer Tom Cruise defends two marines for murder and confronts the acerbic base commander head-on. Jack Nicholson brings some fiendishness to the commander. Yishun 10: 9.30pm. Accidental More. Dustin Hoffman plays a reluctant hero and Andy Garcia
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  • Page 17 Advertisements
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  • Page 18 Advertisements
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  • Page 18 Miscellaneous
    • 38 18 HiTeV jc ro ftfj (or°Vvw T xspi3i. sS>?' S^/ MftN/HgJvi IN TU£Ee AS Vsoon p.s Vfoo Pick VP rWOCI*TtONCWIITP. 1 WJIMi POOWESBURY GARRY TRUDEAU Sn I I ir^^T mms.axwj.t iSSr S&L* muuSSSituL. *f~ fnnTT* 'VSa/ST My SOURCE. I
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  • Page 21 Advertisements
    • 110 21 Invest in freehold Canadian Resort Land, "LAKE REARDON DEVELOPMENT", well located in the LAURENTIAN TOURIST REGION, north of MONTREAL CITY. 3 lakes, 4 season roads, electricity, shopping facilities 3 k.m. Price of land: Only Singapore $0.65 cents p.s.f.. Minimum size of land lot: 30,000 sq. ft Ownership with only 20%
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  • Page 23 Advertisements
    • 121 23 tp.' ■f y' 5 ilf *--f*3||^^^^^H II I If 2 Opening March 1993 mr To make you feel relaxed and productive,the deserve a hotel that works as hard as you do? For more V M Swiss Garden Hotel has seen to every little detail. Such as information or to make
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  • Page 27 Advertisements
    • 738 27 Nothing Beats A Bud, M or ykfA 'Time *?*1 Penang High Tea Come and sample our revamped menu at Princess Terrace. It's extra delicious! Available every Saturday, Sunday and Public Holidays from 3pm to spm. At only $11.80++ per adult and $6.80 per child, Thecombinedexperienceof inclusive of coffee/tea, this is
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    • 303 27 WHERE TO WINE, DINE AND ENTERTAIN Tke Second Best If/ay A/Wax Can &>fn*tes ffis^ove O ome celebrate Valentinei. in a ipedal uuuf, CtpAeM-tfOuxlooetnowi ofJlooe' oonteU and uun you* ladf a Raymond Wed. watch, a beautiful itouquet and a iumpluoni caJee, peMonalLf, delivered to hex the next day. tyyi MMe detaili
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    • 309 27 }>i*cove*iHf A $32++ (Adult) tl6*» (Child) Noon 2 30pm Dinner: $36++ (Adult) $18++ (Child) 7.00pm 10.30pm Showtime: Ipm 8.45pm 9Ki%9p F° r reservations, please call 734 6151. W ffi (itwapcn' »> Orchard »o»d 'infmn Wjl [Saturday Spectacular ss<\/\/2jmst£»W. Saturd ay Buffet Lunch qt Coleman's nQf&GGfflUr&r\ Coffee House is a weekend
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  • Page 28 Miscellaneous
    • 2169 28 TODAY'S TV KTTTT3TT!TT7IH S 9.00 aureus Programme. mlO.OO flg*p) And Friends j« Tnrnn Ke Desa. 4.00pm, V£d.rs I. 9.00.«, <*£ JZgS, This won Fast food joints are E,, 11.30 Piofßes of Nature. Meriem Bellina 1990 Best the popularity Ad 11.55 HaiKs HabL Actress Award. A group stu- Chinese delicacies. But
      2,169 words