The Business Times, 23 January 1993
1993-01-23
1
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The Business Times
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Title Section15 1993-01-23 1 SINGAPORE Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, January 23-24 1993 75*15 words
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Article, Illustration542 1993-01-23 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Fortunes can be made if Singaporeans grab the opportunities of a fastgrowing East Asia, Prime Minister Goh Chok Tong said yesterday in his Chinese New Year message. And the government will make it worthwhile and542 words
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217 1993-01-23 1 SINGAPORE The Year of the Monkey ended with a bang yesterday. The Straits Times Industrials Index reached a two-and-a-half-year high to close at 1,596.78 on the eve of Lunar New Year and is now short of only 10 points from its peak217 words
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Article, Illustration478 1993-01-23 1 Harish Mehta - From Harish Mehta in PHNOM PENH A SINGAPORE company and its Indonesian partners look like they have backed a winner by setting up Cambodia's first major lottery. Daily draws and now a monthly Big Sweep with a first prize of US$2OO,OOO have478 words
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Article331 1993-01-23 1 Ramesh Divyanathan - Tanker collision off Sumatra By Ramesh Divyanathan SINGAPORE Indonesia could demand compensation from the owner of a blazing supertanker spewing oil into the sea off the northern tip of Sumatra. "If we find the oil spillage is polluting our waters we are going to claim compensation331 words
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Article, Illustration326 1993-01-23 1 AP WASHINGTON Zoe Baird, under fire for hiring illegal aliens to work in her home, has withdrawn her name as President Bill Clinton's nominee for US Attorney General. "With sadness, I have accepted her request that the nomination be withdrawn," Mr ClintonAP - 326 words
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NEWS SUMMARY
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100 1993-01-23 1 AFP HONGKONG Governor Chris Patten said yesterday that he was confident agreement could be reached with China over election reforms in Hongkong. In his Lunar New Year message to Hongkong's six million people, Mr Patten said: "I hope and am confident that in theAFP - 100 words
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50 1993-01-23 1 Bernama KOTA KINABALU A federal government freeze on log exports from Sabah is pushing the state faster towards economic recession. Chief Minister Joseph Pairin Kitfngan said yesterday that the state had feared an economic downturn but the freeze had worsened the situation. BernamaBernama - 50 words
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60 1993-01-23 1 TOKYO Japan opened a new session of Parliament yesterday with Prime Minister Kiichi Miyazawa asking for quick approval of a budget to lift the economy out of the doldrums. But prospects for smooth approval of the budget looked dim as opposition parties prepared to use60 words
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Article, Illustration110 1993-01-23 1 Stock market indices Krida) Change STII 1.596.78 +2.91 KLSE Composite closed Nikkei 16.336.81 -201.87 Hang Seng closed SET Index 979.70 +14 36 Jakarta Composite ...277.05 -0.31 CLSA China B closed Ausl All Ord 1.523.0 +3.9 FISE 100 unav I hursdat How Dow Jones 3.253.02 Exchange rates i s$110 words
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Page 1 Advertisements
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Advertisement41 1993-01-23 1 PROPERTY CONSTRUCTION Every Tuesday in Business Times The Efltof and staff of g Business Times 1 wish all readers GONG XI FA CA! 1 There will be no BT on Monday The next issue of BusinesslT will be on Feb 141 words
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Advertisement9 1993-01-23 1 Lifestyle cover story What the geonutncers expect el t9 words
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Advertisement323 1993-01-23 1 Personal Finance Investment Docs Mr Rooster know better? el 3 One of the great designs of this century And probably the next. The Royal Oak. hand-made and individually numbered uith ultra thin quartz movement, uater-resistanl to 5 aim 8A***** 7H9 The Royal Oak is instantly Decisive, individual, agerecognized by its323 words
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Advertisement12 1993-01-23 1 Chartpoint STII ready to highTH* Senate confirms 14 major appointments, Pg 412 words
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Advertisement17 1993-01-23 1 l PROPERTY CONSTRUCTION Every Tuesday in Business Times Patten unlikely to be swayed by opposition, Pg 317 words
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Advertisement55 1993-01-23 1 CONTENTS News Compames Spore News 2 S poreM sia i.S Regional News 3 financial 1 World News .4 Features Markets Personal Investment Ctob KLSE. S£S 9.10 EL3 Regional 8 Epicure El 4 Sports £12 Currencies 7 TV Irtestyle EL6 S*ne» Commodrties 1 Subscription Tel 1800 7492 V? fai *****7b BT55 words
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SINGAPORE NEWS
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Article, Illustration321 1993-01-23 2 Juliette Walker - By Juliette Walker CHANGI Airport could handle 20 million passengers this year, after experiencing spectacular growth last year. Figures released yesterday by the Civil Aviation Authority of Singapore (CAAS) show that passenger, air-freight and aircraft movements at Changi all grew at321 words
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402 1993-01-23 2 Hong Lee Tiam - By Hong Lee Tiam HOTELS arc trying to fill up their rooms with local residents as businessmen tend not to come during the Lunar New Year when "everything is closed". The rates they quote are even lower than those402 words
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SHIPS IN PORT
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Article327 1993-01-23 2 Vessel Voy No Berth Arrival Departue Vessel Voy No Berth Amval Departire Juroflg Port Seastores 01/93* P01A 2201/1000 2201/1100 Gold Future J9/10 alongside 25 12/0900 Str Venture 02E P03 22.01/1400 24 01/0600 Aditya Prakash 29 J7/8 2510/0300 28.12/0700 Taiancheng 0163 P05 23.01/1000 24.01/1500 Baiyunshan 87/88 J4/5 25.12/1400327 words
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Article1658 1993-01-23 2 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers avaiable Ship Voy No Containers available LicaMs 9302 COO(EST) 22.01 93 1500 MS Asia Oeci 9304 2101.93 0700 Rain Bridge 43E COO(EST) 22 0193 1500 Sea Laurel 165S II0193 0715 Al Ihsaa C9238E COO(EST) 22.0193 1500 Sea1,658 words
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Page 2 Miscellaneous
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Miscellaneous368 1993-01-23 2 I CRYPTIC CROSSWORD a terrine and fruit (5) low transport (7) 29Running water runs unsa- tisfactorily (4) tion rccciving little back-up YESTERDAY'S SOLUTION 30A painter without an opening (4.4) may well bccome a speculator 14Those patronising him will be BjATGTGjLIo[M(E|nIA| l l<-BB (10) made the wiser for it! (4-6) I368 words
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THE REGION
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406 1993-01-23 3 Stephen Vines - Strike at Cathay Pacific From Stephen Vines In HONGKONG MORE than 1,000 striking Cathay Pacific flight attendants protested outside Government House yesterday after marathon talks failed to end the 10day dispute. Members of the Right Attendants Union (FAU) called on Governor406 words
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583 1993-01-23 3 Stephen Vines - From Stephen Vines HONGKONG Governor Chris Patten is unlikely to be swayed by new demands that he withdraw or substantially amend his controversial proposals for constitutional reform, government officials say. The demands have surfaced in a consultation exercise in which583 words
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188 1993-01-23 3 Bernama KUALA LUMPUR Asean and Japan should set up a caucus to discuss regional defence to facilitate greater dialogue on the issue, a senior Japan Defence Agency (J DA) official said yesterday. Although the Cold War was over, there were various regional issuesBernama - 188 words
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Article, Illustration48 1993-01-23 3 Reuter BEIJING An old-style Chinese band parading along a lane in the city's Temple of Earth yesterday. The ancient site is a traditional place for residents to celebrate the coming of the new Lunar New \ear. ReuterReuter - 48 words
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Article, Illustration473 1993-01-23 3 AP Reuter PHNOM PENH Cambodia could be partitioned after the May elections if the Khmer Rouge guerilla group does not participate, two key architects of the country's peace plan said yesterday. Indonesian Foreign Minister Ali Alatas and Australian Foreign Minister Gareth Evans wereAP; Reuter - 473 words
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ASIA NOTES
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Article81 1993-01-23 3 FT TOKYO New export controls over industrial products that have potential military applications became effective in Japan on Jan 20, following an agreement among the Group of Seven industrialised nations. The controls apply to goods for export to Iran, Iraq, Libya and North Korea. TheFT - 81 words
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75 1993-01-23 3 Reuter TOKYO Japan's trade surplus soared to a record high in 1992, a possible lightning rod of discontent for Tokyo's irritated trading partners. The Finance Ministry announced yesterday that Japan's customs-cleared trade surplus was a record U*****.06 billion (S$ 174.5 billion) in calendar 1992,Reuter - 75 words
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Article105 1993-01-23 3 AFP HONGKONG A noted journalist, Lo Fu, who was accuscd of spying in China, has been reunited with his family after serving a sentence, family sources said yesterday. The 72-year-old former editor-in-chief of the Beijing-funded Neu Evening Post and later deputy editor-in-chief of Ta KungAFP - 105 words
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86 1993-01-23 3 Bernama BANGKOK Thailand and Myanmar have formed a joint commission on bilateral co-operation under an agreement signed here yesterday. Thai Foreign Minister Prasong Soonsiri and his Myanmar counterpart U Oung Gawe signed the agreement on behalf of their respective governments. With the formation of the commission toBernama - 86 words
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73 1993-01-23 3 AFP LONDON The British government has little commitment to freedom of speech and the press in Hongkong, and bows easily to appease China, Article 19, the International Centre Against Censorship said yesterday. A report entitled Urgent Business: Hongkong. Freedom of Expression and 1997AFP - 73 words
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Article68 1993-01-23 3 AFP MANILA President Fidel Ramos' government began formal negotiations yesterday for a peace settlement with right-wing military rebels, until recently the main threat to Philippine democracy. The government's four-member negotiating panel sat down with an equal number of rebel representatives for a brief closed-door sessionAFP - 68 words
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458 1993-01-23 3 Malaysian constitutional crisis Rulers will not get shares in govt firms going public Bernama Reuter KUALA LUMPUR Malaysia turned up the heat on its hereditary sultans, who are opposing the removal of their legal immunity, by withdrawing more perks enjoyed by royal households. International TradeBernama; Reuter - 458 words
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379 1993-01-23 3 AP BEIJING China has agreed to punish companies that label garments with fake tags of origin in an attempt to skirt US textile quotas, an official report said yesterday. Li Dongsheng, an official of the Ministry of Foreign Economic Relations andAP - 379 words
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486 1993-01-23 3 Community subdued as fear of kidnapping dampens festive celebrations AFP MANILA The crimson lanterns are out, dragon dances are being rehearsed and the tell-tale rice cakes are on sale, but a sense of gloom hangs over the country's Chinatown as it welcomes theAFP - 486 words
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290 1993-01-23 3 Reuter TOKYO Japanese businessmen are losing out to their Korean, Chinese and US competitors in' Russia's vast, resource-rich Far East, a Russian entrepreneur said on Thursday. "We get many more Japanese business delegations visiting our region than South Koreans, butReuter - 290 words
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THE WORLD
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WORLD WATCH
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65 1993-01-23 4 AP BRUSSELS The European Community has criticised US moves to impose duties of up to 85 per cent on some European steel products. An EC official on Thursday described the proposed American tariffs as "pretty restrictive", hut he refused to issue aAP - 65 words
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Article95 1993-01-23 4 AFP BRUSSELS European cattle-breeders are easting envious eyes at their counterparts in South Korea, who fatten up their cows by feeding them lots of beer and a varied buffet diet to classical background music. Coceral, the committee for trade in grains and cattle-feed in theAFP - 95 words
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Article, Illustration53 1993-01-23 4 Reuter JERUSALEM An employee of the Israeli telephone company placing folded fax messages into cracks on the Wailing Wall on Thursday as part of a new service. Now, any caller can fax a message to God and that message will be placed in the Wall, a holy siteReuter - 53 words
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77 1993-01-23 4 AP BONN The German Parliament took its first step towards closing the country's borders to any unwanted refugees on Thursday. But a UN refugee official said that could lead to a "breakdown of the international asylum system". The Bundestag, the Lower House ofAP - 77 words
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43 1993-01-23 4 Reuter WASHINGTON US President Bill Clinton has no plans nowto call a meeting of the Group of Seven industrialised countries before a regularly scheduled meeting in late April, White House spokesman George Stephanopoulos said on Thursday. ReuterReuter - 43 words
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203 1993-01-23 4 AFP JERUSALEM Yasser Arafat, leader of the outlawed Palestinian Liberation Organisation, has appealed on Israeli television for peace talks with Israeli Prime Minister Yitzhak Rabin. Israeli state television interrupted its programmes on Thursday to broadcast a telephone message from Mr ArafatAFP - 203 words
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495 1993-01-23 4 Reuter LONDON The three academic economists on the sev-en-man panel appointed to advise the British Treasury on economic policy have all come out in favour of an early cut in UK interest rates to foster recovery. "Without furtherReuter - 495 words
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597 1993-01-23 4 New president sets tone for ties after US planes attack Iraqi anti-aircraft site AFP WASHINGTON President Bill Clinton has vowed to maintain a hard-line stance on Baghdad after American jets attacked an anti-aircraft site in northern Iraq on Thursday, as he spent his firstAFP - 597 words
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Article, Illustration43 1993-01-23 4 Reuter SARAJEVO Egyptian troops in the United Nations team inspecting an armoured personnel carrier which had plunged into the River Miljacka after colliding with a Bosnian army ambulance on Thursday. Three UN soldiers and the ambulance driver were hurt. ReuterReuter - 43 words
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444 1993-01-23 4 Central bank seen prepared to relax interest rates in coming weeks FT BONN German Finance Minister Theo Waigcl says the Bundesbank has given a "positive" response to his plans for spending cuts of up to 20 billion marksFT - 444 words
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510 1993-01-23 4 WASHINGTON The US Senate has approved 14 major appointments by President Bill Clinton, including Ronald Brown as commerce secretary after he agreed to sever all ties to his former law firm and to remove himself from all decisions that may give the appearance510 words
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432 1993-01-23 4 NYT Reuter AP WASHINGTON US President Bill Clinton has opened the door to widening the federal government's budget deficit by deciding not to stick to fixed targets for the deficit that were set before he took office. White House communications directorNYT; Reuter; AP - 432 words
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450 1993-01-23 4 FT MOSCOW The World Bank is about to change one of its fundamental regulations governing its lending policies in an attempt to raise the desperately low level of investment in the former communist states, especially Russia. The bank's board, whichFT - 450 words
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Page 4 Miscellaneous
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Miscellaneous81 1993-01-23 4 Doonesbury by garry trudeau i, AND THEN. AFTER *Z.ANP ENDED AND NOUJ A I HOW ABOUT THE INSUR...? CARTER LOST, I LEFT UP HEAPING THE WU,JCME* CHOOSE? IV I UM...WELL. PUBLIC SERVICE LEGAL DEPART- f'nmjFY WHERE PO GO AFTER IF THERE'S BUNK.IM k ANP WENT INTO MENTAT AETNA YOU WANT81 words
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COMPANIES & MARKETS
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468 1993-01-23 5 Sylvia Wong - Venture will meet F&N's bottling needs in emerging Indochinese market By Sylvia Wong SINGAPORE Malaya Glass Bhd has taken a majority stake in a Vietnamese glass factory which is expected to meet much of Fraser Neave's bottling requirements in the emerging Indochinese468 words
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339 1993-01-23 5 MBT KUALA LUMPUR Kumpulan Guthrie's executive committee is looking at viable options to revitalise the group and an across-the-board type of report covering all the group's operations and direction will be submitted to its board of directors next month. Chairman of the committee,MBT - 339 words
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181 1993-01-23 5 UPI MANILA A struggle between two businessmen for control of recently privatised Philippine Airlines could be settled in a weekend meeting, analysts said yesterday. The fight between Lucio Tan, a tobacco tycoon, and Antonio Cojuangco Jr, head of a major telecommunicationsUPI - 181 words
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512 1993-01-23 5 Florence Chong - From Florence Chong AUSTRALIA'S leading build-ing-materials manufacturer, CSR Ltd, plans to invest up to AS2SO million (*****.9 million) in Asia over the next five years. Rather belatedly, CSR, one of Australia's most prominent companies, has shifted its focus from Europe to512 words
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497 1993-01-23 5 MARKET WATCH Bloomberg Business News HONGKONG A rapidly depreciating Chinese currency is knocking much of the gloss off some of the Hongkong stock market's best performers of the last year, say analysts and traders. Shares in companies that had made inroads intoBloomberg Business News - 497 words
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242 1993-01-23 5 SINGAPORE United Overseas Bank's application to invest US$l5 million (5524.75 million) in Taiwanese stocks has been cleared by the Securities and Exchange Commission (SEC) of Taiwan. The next hurdle is to get the approval of Taiwan's central bank, according242 words
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319 1993-01-23 5 Reuter SYDNEY The Australian arm of Hongkong's Jardine Matheson is negotiating for seven multi-million dollar projects in Vietnam, joining a growing band of Australian companies making a major push into the communist country. Colliers Jardine Holdings Ltd is talking to investors fromReuter - 319 words
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253 1993-01-23 5 Bernama KUALA LUMPUR Innovest Berhad will use MS 170.27 million out of its proeeeds of MS 184.3 million from the sale of investments and assets to reduee the group's borrowings. As at Dee 26, 1992. the total borrowings of the groupBernama - 253 words
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Article, Illustration331 1993-01-23 5 Performance of STII's index stocks Jan 22 Last Seasc Index Mock salt Chu factor moitrs <S) «k S Avinio I 950 -0 010 I 69 -4 76 I AC 7 450 6 45 Ccrebos 4 680 0 040 4 05 19 05 t old Store 2 960 0 030331 words
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COMPANIES
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Article635 1993-01-23 6 IBM France posts 2.4b-franc rise in operating profit Reuter LONDON Computer giant IBM Corp, smarting from Tuesday's news of a US$4.9 billion (SsB billion) net loss for 1992, is finding that in Europe, brand loyalty and business conservatism are proving to be ofReuter - 635 words
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388 1993-01-23 6 FT NEW YORK British Airways on Thursday announced it was spending US$3OO million (***** million) for a 19.9 per cent stake in USAir, the sixth largest American carrier, just one month after it abandoned plans for a more ambitiousFT - 388 words
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Article, Illustration537 1993-01-23 6 NYT LOWELL, Massachusetts Richard W Miller, who has waged an unsuccessful threeyear effort to resuscitate Wang Laboratories Inc, surprised the computer industry on Thursday by stepping down as chairman and chief executive. Mr Miller, a turnaround specialist who joined Wang inNYT - 537 words
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COMPANY BRIEFS
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Article96 1993-01-23 6 AFP SYDNEY The unfinished marathon annual general meeting of Westpac Banking Corp has cost Australia's richest man a tidy sum of cash, brokers said yesterday. One broker, who asked not to be named, said Kerry Packer had to part with more than AS 1.8AFP - 96 words
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Article50 1993-01-23 6 Reuter MOSCOW The Pierre Smirnoff Company fired a new salvo in Russia's vodka war, announcing it was suing its Russian rival Smirnov to protect its trademark. "We will take every action to protect our interests." Dennis Malamatinas, president of the UK-based company, told a news conference. ReuterReuter - 50 words
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57 1993-01-23 6 FT TOKYO Nippon Steel, the world's largest steelmaker, is close to acquiring a 60 per cent stake in NMB Semiconductor (NMBS). an ailing Japanese electronics company. The deal, which is estimated to be worth 30 billion yen (Ss39o million), highlights the extensive restructuring nowFT - 57 words
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75 1993-01-23 6 NYT NEW YORK Pfizer Inc staked a strong claim on Thursday to the title of world's fastest growing large drug company. At a time when most drug makers are wrestling with slipping growth rates, the New York-based company announced that pharmaceutical sales hadNYT - 75 words
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FINANCE & COMMODITIES
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356 1993-01-23 7 Reuter TOKYO The crumbling credibility of Japanese banks is spreading to non-financial companies, forcing them to pay extra to raise funds and dampening capital spending, analysts say. "Japanese corporations are losing their financial standing because of problems in the Japanese financialReuter - 356 words
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Article, Illustration1546 1993-01-23 7 IruJf KfithlnJ injt lahulatoi axainsl S'p>wr top 14 trading partners Bom- war /<W.< Interbank rates Jan 22 Against S$ Against L'SS Against S$ Against US$ Currencies Bid Offer Bid Offer Currencies Bid Offer Bid Offer Local dollars to one unit of foreign currency: French franc 30.3247 30 3542 5 44901,546 words
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Article, Illustration126 1993-01-23 7 OFFSHORE selling again brought the USS/SS to a low of 1.6530 from an overnight high of 1.6570 in the early morning. Support in the US$/S$ was found at 1.6530 as the US dollar crept higher against the major currencies. Trading in the currency was relatively126 words
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Article198 1993-01-23 7 AFP NEW YORK The dollar climbed against other major currencies in quiet trading on Thursday though it shed some of its earlier gains, except against the yen. Gold lost 70 cents, falling to U*****.20 an ounce over Wednesday's price. Around 3:30 pm (2030 GMT), the greenback had climbedAFP - 198 words
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Article, Illustration634 1993-01-23 7 DBS Bank weekly currency review I'SS/DM: crucial support at 1.6000 The greenback traded to a high of 1.6360 last Friday before closing the week at 1.6355. Bears took charge this week as the unit fell from Monday's high of 1.6372 to reach a low of634 words
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COMMODITY PRICES
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1121 1993-01-23 7 TOKYO rubber futures closed mostly firmer yesterday, as a stronger dollar against the yen and technical-based buying by local investors supported the market, dealers said. "Investors thought yesterday's losses were too steep and quickly stepped on technicalbased buying." one analyst1,121 words
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REGIONAL STOCK MARKETS
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Article1198 1993-01-23 8 +3.9 The Australian share market closed higher yesterday after taking heart from a move by investor Kerry Packer to roll over his Westpac Banking Corp January call options to April calls, brokers said. "It shows he's serious about continuing to pursue the performance of Westpac." Geoff Wilson of Prudential1,198 words
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Article608 1993-01-23 8 10.23 Share prices climbed for the third straight day yesterday, fuelled by speculation among investors about the results of oil drilling in the Malampaya well off southwestern Palawan island, brokers said. The Manila Stock exchange Composite Index rose 10.23 points to close at 1,341.47 against Thursday's 1,331.24. The index608 words
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Article402 1993-01-23 8 +3.06 Stocks will likely stabilise near present levels next week after posting slight gains yesterday, traders said. Stocks opened lower but rebounded by late morning. The market's broad indicator, the Top 40 Index, ended up 3.06 points at 1,498.43. After a 30-point fall in the key indicator this402 words
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Article737 1993-01-23 8 Taipei Vol JM I» NT$ (W) All Sincere Ind 5 30 und) 2 Aw Cement 55 00 2 00 797 Cathay Conttr 4120 f 0 90 I9I« Cathay Life Ins 106 SO I.JO 917 hanc Hwa Bank 13 JO I JO 1092 ChenaLooM I J.70 0 50 4J10 Chia Hun737 words
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WORLD STOCK MARKETS
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Article2116 1993-01-23 8 London Ju 21 Ptmet Industrials A. A. Corp Adr ***** I De Been DM Adr 14 050 .530 MinorcoAdr 12.770 .120 Philip* Electronics 23.590 550 Royal Dutch 143 4/8 -I Allied Lyons 5% 5 Aim 66 I Abbey National 360 +1 Aida Group M 6/8 I 2/J Br* nil Aerospace2,116 words
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Article268 1993-01-23 8 -20.7 Toronto stocks slumped at midday on Thursday, pressured by weakness in Canada's banking shares and broad-based losses in several heavyweight sectors. News that the Canadian Imperial Bank of Commerce issued preferred shares weighed heavily on financial shares. The TSE-300 Index fell 20.7 to 3,269.5 on volume of 17.1268 words
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Article800 1993-01-23 8 11.07 Stocks rebounded in heavy trading on Thursday with the help of computer-guided buy programmes, strong bond prices and generally better-than-expected quarterly earnings. The over-the-counter market resumed its climb to record heights, closing for the first time above 700. The Dow Jones Industrial Average, which lost another 14.04800 words
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Article, Illustration2290 1993-01-23 9 Source: Bridge Info| Source: Bridge Info MOST ACTIVE volume Tan Chong 50c 1.302,000 Metroplex 50c 896.000 kamunting 50c 491.000 Simc Darby 50c 465.000 Sd Properties 437.000 Mufct-nupnc 435.000 Mulpha Inll 50c 402.000 Uniphuenix 277.000 Tcch Resource-. 260,000 Kenong Bhd 50c 253.000 Hromet 241.000 MBf Capital 220,000 K1 kepongSource: Bridge Info|; Source: Bridge Info - 2,290 words
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Article, Illustration2487 1993-01-23 9 Reuter STOCKS ended lower yesterday, mainly on arbitrage unwinding in choppy pre-weekend trade. The Nikkei Average closed below a key resistance level of 16,500 for the first time this year and is seen further testing the downside next week, brokers said. "It's significant that we've traded comfortably below 16,500,Reuter; Source: Bridge Info - 2,487 words
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Article, Illustration1451 1993-01-23 9 Reuter MAJOR banks and property firms continued to rally in active volume and brokers yesterday said that the stock index aimed to test higher resistance in the afternoon. The SET Index rose 9.70 points, or one per cent, to 975.04 on turnover of 4.42 billion baht at midday. "BigReuter; Source: Bridge Info - 1,451 words
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Article, Illustration782 1993-01-23 9 Reuter Interest was even lower yesterday than the subdued levels since the start of the year because of Chinese New Year holidays in Singapore and Hongkong. Pan Brothers was again the most active on both the regular and block boards. It rose 100 rupiah to 1.600. "It's only localReuter; Source: Bridge Info - 782 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1122 1993-01-23 10 Moiz Tyebally - By Moiz Tyebally SINGAPORE Shares prices continued to rise in the last half hour of trading yesterday, lifting the key Straits Times Industrials Index to a record high for the year. "1 hope this is the rally we have been waiting for," remarked a broker.Source: Bridge Info - 1,122 words
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Article5704 1993-01-23 10 [MAIN BOARD > Gr Gr < 1992/93 IjM Vol Day Last Quote Di» Dh YM Net M Cap High Low Company Sale ("000) High Low Bayer Seller S Orr P/E Smil INDUSTRIAL AND COMMERCIAL *72 170 Acma 269 +4 1789 272 265 269 270 12.2 2.1 4.5 15.5 165.9 «I05,704 words
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Article, Illustration75 1993-01-23 10 Quak Hiang Whai - HOT STOCK Quak Hiang Whai INCHCAPE broke out of a short-term resistanee at $6.50 but has yet to break the $7 level decisively. The stock may encounter some selling now that the daily and weekly stochastics are at 100, while the RSls suggest that it could be very muchSOURCE: BRIDGE INFO - 75 words
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Page 5 Advertisements
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Advertisement307 1993-01-23 5 Someone close has beenSving Your son in Canada is studying for some years, overseas. You\e given up BWftnjl want him lite Straits Times close to home Weekly tells it better, -with news (Hemght RfITWWIfS from home. comeback after reading ail the good news.) To your principals You've posted and business307 words
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Page 6 Advertisements
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Advertisement484 1993-01-23 6 With our eyes on Asia, and our ears to the ground, Business Times is your source of time-sensitive information that shapes the fastest growing region in the world.For readers in Singapore, Business Times provides news and analyses that will help czzzizrriirrrr] a*m*ou (W.t.lk.kWMfa.k b». Z-----J- you understand and keep track484 words
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Page 7 Advertisements
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Page 8 Advertisements
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Advertisement266 1993-01-23 8 FIRST 400 TO WALK AWAY WITH MUSIC IN THEIR EAR 3TO WIN VIDEO-PHONE £jg Subscribe now! The first 400 subscribers will each receive a -JHHB Sony Walkman Model WM-FXI2 with a complimentary Name D i enclose: cheque No.: Management Leadership cassette tape from Success |p|H Address Please charge to my266 words
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Advertisement38 1993-01-23 8 The Seoul and Taipei markets were closed for the Lunar New Year yesterday The Bombay market report was not available at press time The European and China market reports were not available due to our early press time38 words
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Page 9 Advertisements
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Advertisement196 1993-01-23 9 YOUR VERY OWN HASSLE-FREE ELECTROWICNEWS-CllPPlN^^^nCE! If news and other pertinent information on companies listed on the Stock Exchange And for tmbtcriptlo* (f oft/f $259 per month, you and your company can °f Singapore Clob International are important to you and your business, then SPH subscribe to this specialised research information.196 words
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Page 10 Advertisements
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Advertisement41 1993-01-23 10 AFTERS day may be over But your night is just beginning! Get a drink, go dancing, hear the latest hit, see the hottest band in town... the possibilities with our AFTER 5 listings. Every Friday in The New Paper Fastads. JJB41 words
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Executive Litestyle
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STRAWS IN THE WIND
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Article39 1993-01-23 11 WE HEARD this joke the other day: A foreigner in China who was looking for board and lodging brightened up when he saw a sign which said Chou En Lai. He thought it meant Bed and Breakfast.39 words
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Article56 1993-01-23 11 HEY, buddy, wanna be part of my blood group? Then join the Blood Club Meeting, one of several seminars being conducted by the NUS' faculty of medicine. And if blood's not your type, why not brush up on your respiratory techniques by joining the Breathing Club Meeting. It56 words
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Article39 1993-01-23 11 A JOURNALIST interviewed the executive vicepresident of a Swiss Bank recently, whose surname is Bosshard. However, a personal assistant was quick to point out that Mr Bosshard was actually a very easy boss to work for.39 words
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Article27 1993-01-23 11 A COLLEAGUE, who was asked about his crop of white hair, replied: "I am following my doctor's advice. He said 'Grow old gracefully. Don't dye.'"27 words
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Article, Illustration1633 1993-01-23 11 Jaime Ee - What's worth crowing about in the year ahead? Jaime Ee finds out from the geomancers Jaime Ee Happy new year. This being the first day of the Year of the Rooster, what better way to start than to wonder what this year has1,633 words
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SPORTS
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Article, Illustration432 1993-01-23 12 Golf AP TUCSON, Arizona Billy Andrade beat the course he hates with a nine-under-par 63 and built a three-shot lead on Thursday in the first round of the US$l.l million (SSI.B million) Northern Telecom Open. Andrade did most of his damage to the water-loggedAP - 432 words
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356 1993-01-23 12 AFP ATLANTA Veteran pro golfer Larry Nelson's offer to provide a first-class, public golf course in time for the 1996 Olympics has not budged organisers' dreams of reinstating Olympic golf at Augusta National. Nelson, winner of 10 PGA tour events including theAFP - 356 words
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SCORE CARD
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Article, Illustration85 1993-01-23 12 AFP SEOUL Korea Open, Friday. Ladies' doubles s-finals: Yao Fen/Lin Yanfen (Chi xl) b Gillian Clark/Gillian Gowers (GB x 5) 15-11 15-1; Chung So-Young/Gil Young-Ah (SK x 6) b Elisa/Catherinc (Ind) 15-7 15-5. Singles q-fi-nals: Susi Susanti (Ind xl) b Ye Zhaoying (Chi x 3) 11-6 11-6; Minarti TimurAFP - 85 words
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Article, Illustration33 1993-01-23 12 Reuter NEW YORK NBA results, Thursday: Milwaukee Bucks 110 Indiana Pacers 108; Chicago Bulls 107 New Jersey Nets 94; Denver Nuggets 110 Dallas Mavericks 94; Houston Rockets 126 Detroit Pistons 120. ReuterReuter - 33 words
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Article, Illustration77 1993-01-23 12 AFP Reuter TUCSON, Arizona First-round leaders in the Northern Telecom Open, Thursday (US unless stated): 63 Billy Andrade 66 Dick Mast. Dudley Hart, Nolan Hcnkc 67 Craig Parry (Aus). John Flannery, Jay Dclsing. Phil Mickelson. Dave Rummells, Scott Gump, Brian Claar. AFP JOHANNESBURG First round leaders Mt Edgecombe Trophy,AFP; Reuter - 77 words
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Article, Illustration57 1993-01-23 12 Reuter NEW YORK NHL results, Thursday: Detroit Red Wings 5 St Louis Blues 3; Hartford Whalers 4 San Jose Sharks 2; Boston Bruins 5 Philadelphia Flyers 4; Toronto Maple Leafs ft Tampa Bay Lightning 1; Minnesota North Stars 7 Ottawa Senators 2; Chicago Blackhawks ft Washington Capitals 2;Reuter - 57 words
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Article, Illustration308 1993-01-23 12 AFP MELBOURNE Australian Open, Friday. Men's singles, 3rd Rd: Guy Forget (Fra x 11) b Jamie Morgan (Aus) 6-3. ft-2. 6-2: Pctr Korda (C/e x 7) b Andrei Medvedev (Ukr) 6-4. 4-ft, 6-3. 7-6 (7/5); Sergi Bruguera (Spa x 15) b Jan Siemerink (Neth) 7-6 (7/5). 4-6. 6-3. 3-6,AFP - 308 words
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Article, Illustration607 1993-01-23 12 Australian Open Tennis AP MELBOURNE Defending champions Jim Courier and Monica Seles scored routine straight-set victories yesterday to continue their dream runs at the Australian Open tennis championship. American Courier was too strong for bespectacled Frenchman Guillaumc Raoux. winning 6-4, 6-3, 6-4 toAP - 607 words
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Article, Illustration481 1993-01-23 12 Harvey Araton - Michael Jordan tells Harvey Araton he would have liked to have skipped the Olympics last year Harvey Araton NYT EAST RUTHERFORD, New Jersey If he had to do it over again, Michael Jordan would have passed on the Olympics last summer. Once the business of the NationalNYT - 481 words
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SIDELINES
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100 1993-01-23 12 PARIS Formula One world champions Williams-Renault could miss the 1993 season because of a mix-up over paperwork. The outfit, along with drivers Alain Prost and Damon Hill, was missing from the list of teams entitled to compete next season, announced by USA here on Thursday. "Certain100 words
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Article56 1993-01-23 12 TUCSON, Arizona John Daly is slated to return to the US PGA Tour next week in Phoenix, after treatment for alcohol-re-lated problems kept him out of the opening events of the season. Phoenix Open officials said here on Thursday that Daly's agent had entered the56 words
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93 1993-01-23 12 ORLANDO, Florida Hunter's Creek Golf Course has been sold to an Orlando subsidiary of Nisshin Real Estate Co Inc of Tokyo for US$7.3 million, the principals announced. Nisshin, which also owns the Forest Oaks Country Club in Greensboro, North Carolina, will operate the Orlando public93 words
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Article75 1993-01-23 12 CAPE TOWN President Frederik de Klerk on Thursday pledged state cash to help the South African Rugby Football Union (SARFU) prepare for the 1995 Rugby World Cup. During an hour-long meeting, Mr De Klerk assured the organising committee that stadia would be brought up to75 words
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64 1993-01-23 12 COLORADO SPRINGS, Colorado The United States will again look to the professionals when they pick their team for the 1994 world championships, but not at the expense of college stars. US Olympic Committee president Leßoy Walker said he had spoken with USA Basketball officials64 words
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EPICURE
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Article, Illustration688 1993-01-23 14 AUDREY TAN - Bon Appetit By AUDREY TAN WITH a heave and a ho, and a mighty big throw yu sheng in all its variations is back this festive season. Ikan parang, salmon, garoupa, abalone and even lobster; yu sheng continues as the once-a-year good luck688 words
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Article526 1993-01-23 14 NEXT to an emergency Civil Defence exercise, the peak Chinese New Year period is one time when it is absolutely necessary to stock extra provisions at home or risk staying hungry until the third or fourth lunar day when food stalls and restaurants finally reopen. The526 words
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Article636 1993-01-23 14 N K YONG - Wine By N K YONG MATCHING German wines to food is not difficult. You just have to throw out preconceived notions and French-based guidelines first. As an example, take the menu and wines put together during the "Zur Traube at the Raffles" week earlier this month by636 words
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TIME OFF
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Article96 1993-01-23 14 The Lady of Soul and Her Ultimate 'S' Machine A contemporary political satire about a government which decides that a nation needs more 'soul' to make it a vibrant place. It's one of the first plays to be passed under the new guidelines set out by the Censorship Review96 words
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Article60 1993-01-23 14 Chinese Music Evening This concert features the erhu and guzheng. two traditional Chinese instruments. The programme includes three Cantonese songs and two erhu concertos with featured artists Sheng Ye, erhu and Xiong Yue, guzheng. Victoria Concert Hall. 8.15pm. Jan 29 and 30. Tickets at $4. $7, $10. $15 and60 words
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Article113 1993-01-23 14 The First Emperor of China The life and times of Qin Shihuang is a tale of glory and terror with a cast of thousands. A lesson in history, a cultural journey through China and her people, and excellent entertainment, this panoramic Omnimax film uses the most advanced projector ever113 words
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Article, Illustration744 1993-01-23 14 Erich Salomon In 1932, only three years after this master photographer began his career, he reached his zenith. A master of timing, he became a photographic historian, documenting one of the pivotal eras of modern history. His candid photos of public men exposed the private individuals within.744 words
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Article196 1993-01-23 14 Singapore River Hong 800 Special This annual event features eight gaily decorated boats floating on the water, a Chinese cultural village with food, dances, songs of Yunnan, pasar malam stalls and variety shows. Marina Promenade, the Esplanade to Marina Boulevard, moved from Boat Quay this year because of196 words
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Article71 1993-01-23 14 Horse Racing Racing in classes 1 and 2 are on at the Bukit Turf Club this weekend with the Darby Restaurant open for buffet lunch before the races. Monday's Lion City Cup for sprinters is the highlight of the meeting. One of five feature races run every year, the71 words
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Article189 1993-01-23 14 Waking Up the World Bryan Adams, whose Straight from the Heart was a Top Ten single, is one of the hottest performers on the concert circuit. He performs at the Singapore Indoor Stadium on Feb 6, but tickets are now on sale at Sistic outlets at189 words
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Article, Illustration1139 1993-01-23 16 A Few Good Men. Egged on by an earnest Demi Moore, unambitious navy lawyer Tom Cruise defends two marines accused of murder. They claim a Code Red. To understand this. Cruise confronts the acerbic base commander head-on. Great climactic courtroom scene. As usual. Jack Nicholson lends a touch of1,139 words
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Page 11 Advertisements
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Advertisement72 1993-01-23 11 IS M Min'i ■elf-winding wttcli, indiridually numbered, off-center styled day, date, phase* of the moon. Singapore: THE HOUR GLASS Lucky Pla/a Tel *****20/1 Scolts Tel. *****27/7198 Centrepoint Tel *****98/603 Peninsula Pla/a Tel. *****09/*****63 Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 Malaysia: THE HOUR GLASS Lot 10 Cenire. Kuala Lumpur Tel.72 words
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Advertisement18 1993-01-23 11 The Gift Voucher That Can Be Used In So Many Ways For nan information, call 22.0 9433/223 833318 words
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Article1739 1993-01-23 12 Abu Dhabi GA860 0020 GA928 0305 AdflaM* 2015 Amman RJ187 0135 Amsterdam SQ319 0810 SQ342 2300 KL837 1545 KL838 2350 Auckland NZ21 1700 NZ22 1825 SQ286 2045 Bahrain GF148 0850 B Sari Begawan BI421 1105 SQ182 0930 SQ181 1425 BI422 1205 BI429 2030 BI430 2125 SQ691,739 words
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Page 12 Advertisements
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Advertisement41 1993-01-23 12 Fly Finnair's new Business Class to Europe. Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.41 words
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PERSONAL FINANCE & INVESTMENT
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Article, Illustration1116 1993-01-23 13 Christopher Chong - Christopher Chong finds out from four masters what the Year of the Water Rooster has in store for the S'pore stock market Christopher Chong The writer is research director at Kay Hian James Capel FOR MANY years now we have been taking a light peekSource: - 1,116 words
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Article, Illustration371 1993-01-23 13 Chew Eng Han - CHART By Chew Eng Han The writer is assistant manager of investments at NTL'C Income. THE STI Index has got off to a good start this year, and is ready to scale to new highs. The target is 1,610, but there371 words
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141 1993-01-23 13 THE MALAYSIAN market remains bullish from a technical standpoint, even though the correction has been long and fairly deep. The index found good support at the 615 level last week, and could be ready to move up from here. At worst, there might141 words
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Article, Illustration723 1993-01-23 13 SOME individual investors frightened away from the Tokyo stock market by plunging share values and shocking brokerage scandals are being lured back. But the small fry are hoping to hedge their bets this time by sinking their money into convertible bonds instead of723 words
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BULLS' EYE
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Article, Illustration510 1993-01-23 13 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 Peregrine Securities, Phillip Securities Research Ong Co and W I Carr. Buy! Ong CoSource: Bloomberg - 510 words
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Article, Illustration203 1993-01-23 13 PETER HAMES - PETER HAMES Director Abtrust Fund Managers (Singapore) Manages all Abtrust's specialist Far East regional funds including the L K award winning Abtrust Far East Emerging Economies Fund and Abtrust \en Dawn Investment Trust. he Straits Times I Industrials Index JL has risen over 20 per cent since203 words
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Page 13 Advertisements
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Advertisement7 1993-01-23 13 CONSTRUCTION s Every Tuesday in Business Ti^cs7 words
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Page 14 Advertisements
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Advertisement124 1993-01-23 14 CHIN a"C HI N A 22ihI Kin to (itl) Feb '«>:* (iclcbrations arc given a lift with our selections of 'Yushcng' or I >ros| xr< his I-law list) NJk til \Uilixk' s JH I'ar.uin I Wi S2H IdliMcr S"Vl(>i>Km SiiliiKm PisJ) SH Try(Hirset menus for 2 to iO|K'rsnns with|)rkx v124 words
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Page 15 Advertisements
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Advertisement637 1993-01-23 15 Nothing Beats A Bud. GisijJ P||wNG OF r HIGH TIA AT CAR CAROUSEL Adult $10.80++ Child S&Bo++ You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes, at our high tea buffet. Only on Saturdays and Sundays from 1 3pm to 5.30pm. f (Safe i i637 words
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Advertisement309 1993-01-23 15 WHERE TO WINE, DINE AND ENTERTAIN Wh CHINESE NEW TEAR BUFFET 16 Jan 7 Feb Welcome the Year ol the Rt»oster with a sumptuous traditional Cantonese delicacies at Cafe Plaza. Our Chinese New Year Buffet spread features perennial favourites like Shark's Fin Omelette, Suckling Tin, Braised Fish Bladder in Crahmeat309 words
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Advertisement351 1993-01-23 15 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. To add to your enjoyment, DfliLJ all these are well within your reach. RESTAURANT351 words
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Page 16 Miscellaneous
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Miscellaneous2573 1993-01-23 16 TODAY'S TV ■MMfMIjMK WLL-, iiV 8.00 Size Small. 830 abc. 9.00 Children's Programme. Project X. 11am, SBC 5 Sting at the Hollywood Bowl, *f S= f\ 10 30 J m 8 ArKl FnewJs Matthew Broderick as an un- 1 SBC 5 gJ>ni <N llioo Kids TV. aily air-force trainee who2,573 words
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