The Business Times, 20 February 1993
1993-02-20
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The Business Times
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Title Section14 1993-02-20 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, February 20-21 1993 75*14 words
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Article, Illustration714 1993-02-20 1 Amy Balan - From Amy Balan in YANGON A SINGAPORE-BASED consortium, led by former UIC chief Oei Hong Leong. has tied up with the Myanmar government to operate an international air service from Yangon. The joint venture Myanmar Airways International will take over714 words
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613 1993-02-20 1 AP, AFP, Reuter CHILLICOTHE, Ohio President Bill Clinton led his administration on a blitz across the US yesterday to enlist support for his plan to revive the economy through more investment and reduced consumption. He told a town meeting here:AP,; AFP,; Reuter - 613 words
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Article, Illustration283 1993-02-20 1 Reuter HONGKONG Chinese Premier Li Peng has called for talks between China and Britain to solve problems over Hongkong, a Beijing-controlled newspaper said yesterday. His comments appeared to confirm unofficial reports that China was ready toReuter - 283 words
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345 1993-02-20 1 Reuter Bloomberg Business News WASHINGTON The Clinton administration will use trade policy to force Japan, China and other Asian nations to open their markets to US goods. US Trade Representative Mickey Kantor said yesterday: "This administration intends to pressReuter; Bloomberg Business News - 345 words
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415 1993-02-20 1 Reuter AFP WASHINGTON Federal Reserve chairman Alan Greenspan yesterday backed the broad outlines of President Bill Clinton's plans for higher taxes and spending cuts, indicating that the central bank would adjust monetary policy to counter any resulting loss of demand. "The presidentReuter; AFP - 415 words
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2am LATEST
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96 1993-02-20 1 Reuter UNITED NATIONS The Security Council has given its 14,000 peacekeepers in Croatia the right to use force if necessary to defend themselves. The resolution adopted by the council also extends the peacekeepers' mandate in the former Yugoslavia until March 31 to allowReuter - 96 words
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65 1993-02-20 1 Reuter FRANKFURT The Bundesbank says its M 3 money supply measure contracted by 2.3 per cent in January, falling more sharply than even the most optimistic economists had dared to predict. But analysts said that although the headline figure looked good, the data wasReuter - 65 words
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59 1993-02-20 1 Reuter NEW DELHI India has honoured visiting German Chancellor Helmut Kohl as a peacemaker but rebuffed his call to endorse the Nuclear Non-Proliferation Treaty (NPT). India, which exploded an atomic device in 1974, says its nuclear programme is peaceful. It has refused to signReuter - 59 words
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Article, Illustration115 1993-02-20 1 Stock market indices Friday Change STII 1.639.04 6.91 KLSE Composite 629.43 +6.32 Nikkei 17.010.03 +27.89 Hang Seng 6.170 09 -16.85 SET Index 962 80 +1.37 Jakarta Composite 300.44 -1.48 CLSA China B 1.618.16 +8.68 Ausl All Ord 1.594.7 -12.6 FrSE 100 2.840.0 f 2.3 Friday Predion I lam115 words
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Page 1 Advertisements
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Advertisement6 1993-02-20 1 BusinesslT Every Monday in Business Times6 words
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Advertisement24 1993-02-20 1 Personal Finance Investment Darlings of KL slock market el 4 Mixed reviews from corporate America, Pg 4 The costs of being American, Pg 524 words
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Advertisement325 1993-02-20 1 Lifestyle Cover Story Adopting someone else's child EL One of the great designs of this century And probably the next. I i^^Hk mml The Royal Oak. hand-made and indniduaUy numbered uith ultra thin quartz movement, water-resistant to 5 a/m 8A56J75.789 The Royal Oak' is instantly Decisive, individual, agerecognized by its325 words
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Advertisement19 1993-02-20 1 f-J ni_ULI¥LU r_\ Hock Lock Siew gj 2 0 FEB 1993 Ml] M'sian palm oil coulffks uwrtlilsawid Pg 519 words
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Advertisement57 1993-02-20 1 BusinesslT Every Monday in Business Times CONTENTS Sport News _1 2 Spore*aa .5.6 Re&onal News 3 Financial 7 World News 4 Feetwres Karkcts Opmmk EL2 Ctob/KLSt, StS 11.12 PI a«-5 fepwal 9 Sports 13.14 «Wd 10 TV 8.12 Currencies 1 World Focus ft Smex Commo A Subscription Id 1800-7492V1 Fa»57 words
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SINGAPORE NEWS
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364 1993-02-20 2 Helen Chang - By Helen Chang THE first batch of Singapore companies to sign up for the new Bintan Industrial Estate says the move will help them cut land, labour and materials costs. And Bintan has the added advantage of being close364 words
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297 1993-02-20 2 Genevieve Cua - By Genevieve Cua SINGAPORE and Indonesia's tourism bodies would soon start to work together to market the Republic and Bintan as a single tourist destination. Senior Minister of State for Trade and Industry Lim Boon Heng said yesterday: "As the297 words
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255 1993-02-20 2 Sylvia Wong - By Sylvia Wong HYUNDAI Engineering and Construction Company, South Korea's largest construction company, has won its second major contract in Singapore this year. It also expects to clinch more jobs as the government has opened another US$3 billion (554.9 billion)255 words
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Article, Illustration103 1993-02-20 2 OVERWHELMING. That was how Japanese department store Takashimaya described the reception to its staff recruitment campaign. Since it announced that it was looking for 550 people to staff its Ngee Ann City store, which opens in July, the company had been inundatedPhoto by Arthur Lee - 103 words
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289 1993-02-20 2 Chuang Peck Ming - Goods and Services Tax By Chuang Peck Ming TRADE and Industry Minister S Dhanabalan, kicking off an apparent campaign by the government to sell the Goods and Services Tax directly to the people, last night told grassroots leaders289 words
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520 1993-02-20 2 ig BUSINESS TIMES yesterday published a comment from a partner of an international accounting firm in reaction to an earlier IRAS press statement on "imported services". As stated in the White Paper, a supply of services is usually treated as520 words
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Page 2 Advertisements
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Advertisement368 1993-02-20 2 v fwß V— I t avours °f Montpamasse in (he ''MHr 3 |«llMlM| W capital of France are imparted to HHta*. jjjjj^H H m *—J? |§yL~ discriminating clientele erf Le Restaurant W ajiSPjb* Hflr cie France, the iward-winning premier V f IP f J T m ■r 1 restaurant of368 words
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THE REGION
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456 1993-02-20 3 AFP, Reuter TAIPEI Lien Chan, President Lee Tung-hui's nominee for premier of Taiwan, said that Beijing should abandon confrontation and accept the reality of co-existence between the island and mainland China. Addressing legislators who will vote on Tuesday on a new premier, MrAFP,; Reuter - 456 words
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Article, Illustration44 1993-02-20 3 JAKARTA Indonesia's new armed forces commander Edi Sudradjat (left) being congratulated by his predecessor Try Sutrisno after being installed in the politically-powerful position yesterday. Gen Try is widely expected to be elected as the country's Vice-President in next month's polls.44 words
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406 1993-02-20 3 Catherine Ong - From Catherine Ong in HONGKONG THE colony's beleaguered airport project will have a new head with immediate effect. Dr Henry Townsend, until recently a consultant project manager on the HK3112 billion (Ss24 billion) development, has replaced Richard Allen as406 words
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487 1993-02-20 3 Reuter NEW DELHI Driving in India can be a death-defying experience, as Japanese compacts zip around gas-guzzling locally-made sedans modelled on obsolete versions of European cars. But it may soon get worse. Attracted by India's economic reforms and huge potential market,Reuter - 487 words
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506 1993-02-20 3 Alec Almazan - By Alec Almazan SINGAPORE Philippine President Fidel Ramos has ordered ofllcials to take legal action against 10 large Filipino firms and four government corporations alleged to have borrowed illegally 28.3 billion pesos (SSI.9 billion) from state banks during the rule of506 words
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258 1993-02-20 3 AFP CANBERRA Australia has accepted an invitation to join Asean in high-level talks on regional security to be held in Singapore, a foreign ministry spokesman said yesterday. "The invitation came in a letter from Singapore, the current chair of Asean,AFP - 258 words
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Article, Illustration550 1993-02-20 3 Kevin Clarke - By Kevin Clarke SINGAPORE A visiting Australian leader yesterday disputed Prime Minister Paul Keating's claims that Australia is moving closer to Asia, at least as far as Singapore is concerned. JefT Kennett, premier of the financially-strapped southern state of Victoria, said550 words
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ASIA NOTES
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Article107 1993-02-20 3 Bernama TOKYO The Japanese Cabinet yesterday approved a Bill for amendment to the labour standard law requesting a cut in legal working hours to 40 from the current 44, government officials said. The proposed amendment, which is in line with the government's declared target of reducingBernama - 107 words
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Article, Illustration51 1993-02-20 3 Reuter MANILA Philippine President Fidel Ramos (centre) looks on while Vice-President Joseph Estrada (right) huddles with communist guerilla leader Leopoldo Mabilangan in a peace conference. Mr Mabilangan emerged after years in hiding for the talks, and visited Mr Ramos at the presidential palace yesterday.Reuter - 51 words
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63 1993-02-20 3 Reuter MANILA The Philippines and the International Monetary Fund (IMF) ended initial talks on a new financing programme yesterday but left major issues for further discussion, an IMF official said. Christopher Browne, IMF representative in Manila, said the IMF mission would return in AprilReuter - 63 words
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Article86 1993-02-20 3 UPI CHIANG MAI A group of Nobel peace laureates yesterday called for comprehensive trade sanctions and an arms embargo against Myanmar and its suspension from the UN to force the military regime to free political prisoners and restore democracy. "Perhaps because there are biggerUPI - 86 words
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Article47 1993-02-20 3 Reuter SEOUL The US ambassador in South Korea has advocated compromise in the semiconductor anti-dumping dispute with South Korea, an embassy spokesman said. South Korean attempts to negotiate a compromise "suspension agreement" in Washington to stave off the duties failed on Wednesday.Reuter - 47 words
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265 1993-02-20 3 Bernama BEIJING Chinese Premier Li Peng said here that it has always been an important part of China's foreign policy to safeguard regional peace and stability and develop good relations with neighbouring countries. Mr Li was speaking during a meeting on Thursday with RobertoBernama - 265 words
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253 1993-02-20 3 Bernama KUALA LUMPUR The Armed Forces Council will announce the appointments of new service chiefs and a majpr reshuffle of the military hierarchy at the end of the month. Defence Minister Najib Tun Razak said yesterday that the council will, amongBernama - 253 words
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THE WORLD
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Article, Illustration648 1993-02-20 4 The Clinton economic package UPI NEW YORK President Bill Clinton's plan to revitalise the ailing US economy got mixed reviews on Thursday from corporate America, labour leaders and small business. Clintonomics was praised by the United Steel Workers of America and welcomedUPI; Reuter - 648 words
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485 1993-02-20 4 ENERGY Reuter HOUSTON Crude oil, a staple of American life for decades, faces a pitched battle for market share with rivals natural gas and coal under President Clinton's energy tax proposal, industry officials said. The proposedReuter - 485 words
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446 1993-02-20 4 RETAIL Bloomberg Business News WASHINGTON Republicans call it "tax and spend". President Bill Ginton and the Democrats call it "courage to change". The retail industry wonders: If the American people are taxed more, will they have the courage to shop? SomeBloomberg Business News - 446 words
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316 1993-02-20 4 Reuter BERKELEY, California The Clinton administration does not anticipate having to ask for further tax increases in addition to those announced on Wednesday night to meet its deficit-cutting goals. Laura Tyson, chairwoman of the Council of Economic Advisers, told a news conference.Reuter - 316 words
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407 1993-02-20 4 FUTURES Bloomberg Business News WASHINGTON President Bill Clinton's plan for a futures transaction fee to cover costs of operating the Commodity Futures Trading Commission is facing opposition from people in futures exchanges. Mr Clinton's budget proposal includes a new feeBloomberg Business News - 407 words
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Article1105 1993-02-20 4 The writing, and rewriting, and more rewriting of that policy speech NYT WASHINGTON The 42nd presidency may still be in its infancy, but one trait has already emerged that sets Bill Clinton apart from many of his more disciplined predecessors: He likes to write,NYT - 1,105 words
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282 1993-02-20 4 HEALTH Bloomberg Business News WASHINGTON Although health-care providers will apparently absorb the bulk of health-care cost containment under proposals outlined by President Bill Ginton, the industry's reaction to his recent proposals was calm and cautious. The Department of Health and Human Services estimates that MrBloomberg Business News - 282 words
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293 1993-02-20 4 DEFENCE Bloomberg Business News WASHINGTON Leaders of two medium-sized defence contractors had opposite reactions to President Clinton's State of the Union address to Congress. "I'm kind of in shock." said Toby Warson. chief executive of ammunition maker Alliant Techsystems Inc. based in Edina. Minn.Bloomberg Business News - 293 words
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COMPANIES & MARKETS
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306 1993-02-20 5 Magdalene Ng - Good performance due to strong overseas operations By Magdalene Ng SINGAPORE Local stockbroking group G K Goh has lifted interim earnings by a huge 172.9 per cent to $5.77 million. The improvement in the six months to Dec 31,306 words
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Article, Illustration441 1993-02-20 5 Reuter KUALA LUMPUR A Malaysian minister has come to the defence of power company Tenaga Nasional Bhd. blamed for the country's electricity crisis, but the move failed to lift its share price, brokers said. Energy, Telecommunications and Post Minister SSamy VelluReuter - 441 words
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173 1993-02-20 5 Bernama KUALA LUMPUR Palmco Holdings Berhad has reported a 30 per cent increase in its unaudited group pre-tax profit to MS 15.91 million (559.9 million) for the half-vear ended Dec 31, 1992, from MS 12.22 million in the previous corresponding period. This wasBernama - 173 words
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203 1993-02-20 5 Bernama KUALA LUMPUR Tanjong Public Limited Company yesterday said that the Capital Issues Committee has approved its proposed share split and employees share option scheme but on revised terms. Tanjong said in a statement that the proposed share split would be implemented onBernama - 203 words
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762 1993-02-20 5 William Chia - HOCK LOCK SIEW By William Chia SINGAPORE The trick in finding winners in the stock market is to look for out-of-favour stocks which have strong balance sheets and exhibit good prospects for improved earnings. In this respect,762 words
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276 1993-02-20 5 Bernama KUALA LUMPUR Golden Plus has emerged as the single largest shareholder of KFC Holdings (Malaysia) Bhd, with equity interest of 32.37 per cent which cost a total of M 5123.41 million (5576.51 million) or an average M 54.28 per share. InBernama - 276 words
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338 1993-02-20 5 R Sivanithy - By R Sivanithy SINGAPORE Goldtron Ltd's executive chairman. Ong Soon Kiat. has clarified his position with respcct to a controversial share agreement he had with Acma Ltd. Last June, Acma announced a proposal to sell 19.8 million shares or 10 per cent of Goldtron to338 words
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Article258 1993-02-20 5 Payment Ex Books Pay date close date Asia Pacific F 16 Feb 4 Feb 16 Feb 24 Avimo 20* F I2.5TE Feb 17 Mar I Apr 15 Berjaya Group I 4 Mar 18 Apr 2 Apr 15 Berjava Ind I 3 Mar 4 Mar 18 Apr 8 Berjava258 words
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Article, Illustration352 1993-02-20 5 Source: Bridge Info Performance of STII's index stocks Feb 19 Last Sens* iMlex Stock sale (h«« (actor i ■otto (S> <v> Asimo 1.870 0010 1 58 200 (AC 7.100 -0 100 5 44 -20 01) Ccrcbos 4 420 4 15 F&N II 400 -0 100 4 62 -20 60Source: Bridge Info - 352 words
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COMPANIES
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COMPANY BRIEFS
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Article81 1993-02-20 6 Knight-Ridder NEW DELHI Siemens, a leading German telecommunications and power equipment firm, will set up two power generation projects in western and southern India, a company official said yesterday. The project agreement, worth an estimated 57 billion rupees (552.9 billion), is likely to be signedKnight-Ridder - 81 words
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Article, Illustration35 1993-02-20 6 Reuter TAIPEI Workers assembling cars at a Ford Lio Mo Motor Company plant outside Taipei on Wednesday. The factory is a joint venture between the US motor giant and Taiwanese interests. ReuterReuter - 35 words
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69 1993-02-20 6 Knight-Ridder TOKYO Japanese life insurance companies are likely to tap their reserves at the end of this fiscal year to pay dividends to policyholders, the chairman of the Life Insurance Association of Japan said yesterday. Yasuyuki Wakahara. group chairman and president of Asahi MutualKnight-Ridder - 69 words
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64 1993-02-20 6 Knight-Ridder SYDNEY Staff at oil and gas producer Esso Australia may strike again over the company's failure to agree to negotiate recent changes in injury entitlements imposed by the Victorian government. The stall held a one-day strike in January because of the same issue.Knight-Ridder - 64 words
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Article71 1993-02-20 6 Reuter LONDON Imperial Chemical Industries pic (ICI) will announce next Thursday its worst profits for 10 years, but the drugs and chemicals giant will temper the blow by giving the go-ahead to the biggest shake-up in its 67-year history. Britain's biggest industrial manufacturer will formallyReuter - 71 words
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199 1993-02-20 6 South China Morning Post HONGKONG Hang Lung Development has spearheaded a USSSOO million (SSB2O million) property project in Shanghai in partnership with Henderson Land Development and Hysan Development. Hang Lung, together with its property investment arm Amoy Properties, is taking a 42 per centSouth China Morning Post - 199 words
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408 1993-02-20 6 Al Labita - Meralco to use loan proceeds to finance new electric system projects From Al Labita in MANILA THE Philippines' largest electricity distributor plans to float in the international financial market US$3OO million (***** million) worth of mortgage bonds to push through its expansion programme.408 words
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429 1993-02-20 6 Reuter BANGKOK The Thai government moved swiftly yesterday to contain damage to finance and stock markets after the collapse of First City Investment Co Ltd. the first major failure of a finance company here since 1984. The Bank of Thailand, the centralReuter - 429 words
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242 1993-02-20 6 Reuter SYDNEY Newspaper publisher John Fairfax Holdings Ltd says it has benefited from lower Australian interest rates to post a net profit of A 536.01 million (5539.6 million) for the six months ended Dec 31. Fairfax. 15-per cent ownedReuter - 242 words
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259 1993-02-20 6 Reuter ATLANTA Coca-Cola Co stressed continuity of management and its international growth strategy in announcing the April 15 retirement of Donald Keough, the group's president who helped guide the soft drink giant's global growth for the past dozen years. HisReuter - 259 words
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Article, Illustration585 1993-02-20 6 Reuter SYDNEY Robert Joss, new chief executive of beleaguered Westpac Banking Corp, is confident his recovery strategies will start bearing fruit this year. Mr Joss, at his first news conference yesterday since he started at the bank six daysReuter - 585 words
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300 1993-02-20 6 AFP TOKYO Battered by weak demand for audio and video equipment. Pioneer Electronic Corp said yesterday its thirdquarter earnings were more than halved while Akai Electric Co Ltd announced a loss for the year to November. Pioneer, blaming sluggish sales and theAFP - 300 words
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288 1993-02-20 6 AP TOKYO Battered by poor sales in audio and video equipment. electronics giant Sony Corp has shifted about 100 clerical workers to its sales section and is cutting back on new recruits, a company official said yesterday. Sony reported on ThursdayAP - 288 words
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FINANCE & COMMODITIES
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323 1993-02-20 7 Quak Hiang Whai - Bank wants to upgrade Guangzhou office to full-branch status By Quak Hiang Whai SINGAPORE United Overseas Bank has applied to set up branches in the Chinese cities of Shanghai and Guangzhou. The Shanghai outlet will be a new branch, while in323 words
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341 1993-02-20 7 NYT NEW YORK The board of the New York Mercantile Exchange called for its chairman, Z Lou Guttman, to resign after the government charged him with civil violations of commodities laws. But Mr Guttman refused to resign, saying the issue should beNYT - 341 words
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239 1993-02-20 7 Bloomberg Business News TOKYO Japan's most watched measure of money supply, M 2 plus certificates of deposit, contracted 0.3 per cent in January from January 1992, the Bank of Japan said. The January figure, which includes money in circulation, bank lending and deposits,Bloomberg Business News - 239 words
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213 1993-02-20 7 Reuter WASHINGTON The Securities and Exchange Commission said it had censured Paine Webber Inc for failing to supervise brokers who allegedly committed abusive sales practices from late 1986 to mid--1988. Without admitting or denying any wrongdoing, Paine Webber, the brokerage unit ofReuter - 213 words
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398 1993-02-20 7 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and New York rose yesterday in listless trading, brokers said, on growing belief among traders that Opec might adhere to their recently announced production cuts. Brent crude oil futures for April settlement on London's International398 words
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Article, Illustration119 1993-02-20 7 The regional currencies appeared relatively unaffected by overnight swings in the major European currencies which saw the dollar losing some three pfennings against the German mark. The US$/S$ opened little changed around 1.6390/00. hitting a low of 1.6380 where upon aggressive local buying of US119 words
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Article179 1993-02-20 7 Reuter LONDON European markets ended a hectic week on a quiet note yesterday, with the dollar steady against most currencies. Federal Reserve Chairman Alan Greenspan's testimony on US monetary policy to a congressional committee in Washington contained no surprises on interest rates and failed to shake the dollar outReuter - 179 words
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Article83 1993-02-20 7 AFP NEW YORK The dollar was mixed yesterday on a quiet market in New York where traders waited for Federal Reserve Chairman's Alan Greenspan's testimony before Congress. At 10:00 pm (1500 GMT), the US currency was trading at 1.6360 German marks, up from 1.6310 late on Thursday andAFP - 83 words
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Article, Illustration560 1993-02-20 7 DBS Bank weekly currency review US$/DM: Bulls and bears get slaughtered The US dollar traded to a high of 1.6645 marks on Monday before it crashed through 1.6420 to reach a low of 1.6195 on Wednesday. The market then corrected the downmove on Thursday, retracing560 words
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Article, Illustration1514 1993-02-20 7 Trade-»rtghted index calculated against S pore 's top 14 trading partners Base year 1985 US$/S$ forward rates Noon Feb 19 ss BU Offer 1-month 1.6433 1 6448 2-month 1.6421 1.6437 3-month 1.6409 1.6424 6-month 1.6371 1.6398 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES At at IImi y%tm4ay. Singapore dollars1,514 words
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COMMODITIES & FUTURES
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1527 1993-02-20 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended off session highs but on continuing confidence in downside support after the new US economic package. Contracts inched up on opening buoyed by spillover euphoria from stronger US Treasuries and a fall inReuter - 1,527 words
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1012 1993-02-20 8 COMMODITIES REPORT Tin THE price of tin cased one sen to close at MS 14.99 per kg on the Kuala Lumpur Tin Market due to higher offerings yesterday. Dealers said the market lacked buying demand and the trend was also in1,012 words
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Article1745 1993-02-20 8 Rubber Feb 19 IMS Commodity Exchange (futi ire* closing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) Buyers #c Sellers ("lose Volume Open Is at 12 noon t J ICIHVKgJ Month High Low Sett (tonnes) Interest RSS 2 Mar 93 ***** I44.25N Feb 93 Mar1,745 words
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REGIONAL STOCK MARKETS
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Article1119 1993-02-20 9 -12.6 Stocks faltered on a sell-off in the futures market amid renewed concern about the strength of the US economic recovery under President Bill Clinton's economic plan, traders said. The All Ordinaries index closed at 1,594.7, down 12.6 points on the day and down 1.8 points on the week.1,119 words
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Article571 1993-02-20 9 14.98 Share prices on the Manila Stock Exchange's Composite Index are expected to fall about 10 points on Monday as investors bid down shares to take advantage of sharp gains late this week, traders said. The index gained 14.98 points, to close at 1.473.24. It jumped 49.15 points on571 words
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Article615 1993-02-20 9 -48.83 Share prices finished lower on profit-taking from previous sharp gains. Brokers said the correction would continue, though they saw falls limited amid optimistic sentiment. The Weighted Index ended 48.83 points lower at 3,912.67 against Thursday's 3,961.50 finish. Turnover dropped to T534.7 billion from T545.9 billion. Broker said profit-taking615 words
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Article402 1993-02-20 9 +0.61 The stock market closed just a shade firmer after selling of large-capitalised manufacturing and financial shares pared early technical rebound, brokers said. They say some mild technical buying is likely today but is not expected to have much of an impact on the index. "The market tried to402 words
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Article278 1993-02-20 9 •18.4 Share prices took a tumble for their third successive day after a heavy gain on Tuesday. Brokers were puzzled at the fall, suggesting investors were standing back to assess President Clinton's economic programme. "The index was down because stocks which have had very good runs have come278 words
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Article38 1993-02-20 9 Closed The Bombay Stock Exchange was closed yesterday for a Hindu holiday and will reopen on Monday. On Thursday the BSE 30 share index rose 32.52 points to 2,671.37. The national index was up 9.16 at 1,201.05.38 words
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WORLD STOCK MARKETS
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Article638 1993-02-20 9 +2.3 Equities drifted to a slightly firmer close yesterday after volatility earlier in the session as shares tracked stock index futures in the absence of fresh UK economic news, dealers said. After moving in a 14point range throughout the day, the FTSE 100 Index finished just 2.3 points up638 words
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Article123 1993-02-20 9 10.65 An unexpected fall in German M 3 money supply in January revived hopes of lower interest rates, driving shares higher even though the Bundesbank denied that the news was a reason to ease monetary policy. The CAC-40 Index ended 10.65 points, or 0.55 per cent, up at 1,937.17,123 words
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Article150 1993-02-20 9 +0.83pc German M 3 money supply data and options-related transactions in Astra combined to lift Swedish shares higher on the day in heavy and turbulent trading yesterday. The German data were positively received by both the Swedish debt and share markets, prompting late rallies in bonds and stocks. The150 words
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Article193 1993-02-20 9 +5.13 The German share market gained further ground yesterday in ofT-exchange trade on surprise news that M 3 money supply contracted in January. Shares had posted modest gains in technically driven bourse trade, pushing the DAX 30-share index to a 5.13 point higher close at 1.677.39 at 1230 GMT.193 words
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Article143 1993-02-20 9 -0.45 pc Italian shares ended a nervous session with only limited losses as dealers took profits before the weekend yesterday. The MIB all-share index closed 0.45 per cent lower at 1,113, with the underlying trend down 0.80 per cent. They said the continued climate of political uncertainty overhung the143 words
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Article231 1993-02-20 9 1.72 Dutch shares closed higher in reaction to Germany's M 3 money-supply drop of 2.3 per cent in the fourth quarter of 1992, which fueled hopes of lower interest rates, traders said. The EOE Index closed up 1.72 points at 301.36, having closed 3.35 points higher on Thursday. Advancers231 words
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Article242 1993-02-20 9 -5.3 Swiss shares were lower at the close as weaker chemicals led the market down in the afternoon yesterday. However, the downward move was dampened by steady to firmer banks, dealers said. ÜBS bearers gained five Swiss francs to 941 and SBC registered shares rose one to 336. Insurers242 words
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Article297 1993-02-20 9 11 South African shares slipped back near the close yesterday but still ended higher largely on the back of a firmer gold price, dealers said. "Shares crept up most of the day after a quiet start, but although things are still relatively firm there's not much interest left." a297 words
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Article294 1993-02-20 9 -8.28 Toronto stocks recovered from Thursday's weakness in quiet early dealings yesterday as the market absorbed positive Canadian economic news, traders said. Canada's consumer price index rose a small 0.2 per cent in January to 129.6 after rising 0.3 per cent in December. The TSE-300 Index gained 7.04 to294 words
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Article879 1993-02-20 9 •10 Prices on Wall Street edged up yesterday at midday as investors were cautious ahead of the monthly expiration of stock-index options contracts. The Dow Jones Industrial Index gained 3.22 points to 3,305.41 with some 81 million shares changing hands. On Thursday, blue-chip stocks careened in an 82point879 words
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Article829 1993-02-20 9 Britannia Funds Merlin* Cash BW Offer Mim (ap OcpoMi J* 3600 M 1700 MimJcnoGik _....*OI8?9 *0 H 1 Mim Mu Income I 0100 I 0500 USS Cash Income Ptin Fund *9 7700 •10 2900 PS Rnerte fund 1900 5 MOO Sterling tfil) fcuro Performance 0.4613 0 4%0 Far EM Fund829 words
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Article, Illustration2872 1993-02-20 10 Reuter STOCKS finished lower with players eager to eash in before the weekend, helping to end a nine-day rise on the Hang Seng Index despite lingering politieal optimism, brokers said. The blue chip indicator shed 16.85 points (0.27 per cent) after a day of wide swings, to close theReuter; Source: Bridge Info - 2,872 words
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Article, Illustration459 1993-02-20 10 THE Shenzhen A market moved up for the third day with the CLSA Shenzhen A Index soaring 6.08 per cent to 3,334.52, with a heavy turnover of 44 million shares. The B shares in Shenzhen, on the other hand, eased 0.85 per cent to close at 1,560.48. Properties, up459 words
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Article, Illustration2489 1993-02-20 10 Reuter STOCKS ended mixed in thin trade, as late position-squaring helped the Nikkei average recover 17,000. Investors cautiously picked up individual issues, unaffected by the stronger yen, but profit-taking pressed the topside, brokers said. The bottom was consolidating, with public funds buying. "Investors are unlikely to go in oneReuter; Source: Bridge Info - 2,489 words
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Article, Illustration1785 1993-02-20 10 Reuter STOCKS had rebounded well off their lows by the close as investors decided that most of the rumours about a run on more finance companies were unfounded and started buying on fundamentals, brokers said. But the index still closed 1.37 points up from Thursday at 962.80, on volumeReuter; Source: Bridge Info - 1,785 words
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Article, Illustration838 1993-02-20 10 Reuter SHARES ended mostly lower yesterday. But the most active share, PDFCI, a finance company which is soon to become a bank, ended 50 rupiah higher at 2,375 on turnover of just over one million shares. Brokers said speculators were buying on expectations of strong foreign interest later andReuter; Source: Bridge Info - 838 words
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Article, Illustration1966 1993-02-20 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Multi-Purpose 7,776.000 Procnct 7,158.000 Mctropkx 50c 5.779.000 Tech Resources 5.75I.OOO Tongkah Hides J.4.W.000 karnunting 50c >.*****0 Kenong Bhd 50c 2 293.000 Simc 50c 1.801.000 Tan (hong 50c 1.565.000 Mulpha Inll 50c Set Properties 1.206.000 Golden Plus H i '07.000Source: Bridge Info - 1,966 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4821 1993-02-20 11 Bernama KUALA LUMPUR Buying ahead of the weekend helped share prices here to recover slightly to close easier yesterday despite a last minute push up of index-linked stocks. The KLSE Composite Index closed 6.32 points higher at 629.43, the Industrial Index gained 2.15 pointsBernama; Source: Bridge Info - 4,821 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1058 1993-02-20 12 R Sivanithy - By R Sivanithy SINGAPORE Share prices firmed slightly yesterday, but investors continued to remain cautious because of mixed signals from Wall Street. The blue-chip Straits Times Industrials Index gained 6.91 points to close at 1,639.04. The broader BT-Composite, however, eked out only a 0.33Source: Bridge Info - 1,058 words
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Article, Illustration75 1993-02-20 12 Quak Hiang Whai - I HOT STOCK Quak Hiang Whai HAVING risen from a low of $2.50 last year. Natsteel appears to be on the verge of a correction. The weekly chart is showing a bearish divergence with the RSI turning down from 100, while the stock price consolidates. The nine-week moving averageSOURCE: BRIDGE INFO - 75 words
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Article5776 1993-02-20 12 MAX BOARD Gr Cr 19*2/93 Lm Vol Day Last Qua* Dh Dh YM Nd M Cap High Low i Sak COOO) High Low ftrytt Sdkr Or P/E Sail INDUSTRIAL AND COMMERCIAL 290 170 Acma 289 +2 309 290 286 287 289 12.2 2.1 4.2 16.7 178.5 210 210 s Alex5,776 words
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Page 5 Advertisements
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Advertisement333 1993-02-20 5 I A Guide T s^-i; A n-irJn 13 rr Opportunity knocks LX VI >1 V 11 1| 111 j lIJ Who dares wins is the new motto. And the Year of the X i|jm J 111 /%/*****l l! Rooster offers ample opportunity for investors to show some n gumption. Start333 words
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Page 6 Advertisements
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Advertisement39 1993-02-20 6 The Result Oriented aims for the right media and the right company. Classified the people finder. THE STRAWS TIMES THE SUNDAY TIMES BUSINESS TfcAES THE NEW PAPER lIANHE ZAOBAO lIANHE WANBAO SHtNMIN OAHV NEWS BERITA MARIAN BE RITA MINGGU39 words
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Page 8 Advertisements
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Advertisement739 1993-02-20 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 I FRANKUN SERVICES PTE LTD. (In Member*' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. SO, that a Final Meeting of the Company will be held a 16 Raffles Quay #22-00 Hong739 words
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Advertisement20 1993-02-20 8 As and when the latest I x>ndon/Rotterdam prices are not available, the previous trading day's closing figures are carried instead20 words
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Page 9 Advertisements
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Advertisement27 1993-02-20 9 A f fIVI Four large computer shows I I I Hhl are 111 V I I Can the market handle them? Find out in BusinesslT on Monday27 words
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Page 10 Advertisements
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Advertisement131 1993-02-20 10 B| Cartier's Colourful Minis P| Much as smoking is a discouraged pre-occupation in Singapore, there are a growing number of 'new' smokers, both women and light smokers. In light of this, Cartier augments their line of luxury lighters with a new range that are newer, lighter and no less chic131 words
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Page 11 Advertisements
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Advertisement74 1993-02-20 11 Powerbooks More on Dell Computer's thrust into Asia. I Will other US players follow? A BusinesslT exclusive. mT m/- v The shape of disks to come. Management insights from a top consultant who I, j. o I jj* M helped guide one of the world's largest computer ||11M|1|T?H companies through74 words
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Page 12 Advertisements
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Advertisement127 1993-02-20 12 Carrier's Colourful Minis Much as smoking is a discouraged pre-occupation in Singapore, there are a growing number of 'new' smokers, both women and light smokers. In light of this, Cartier augments their line of luxury lighters with a new range that are newer, lighter and no less chic than their127 words
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SPORTS
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Article, Illustration472 1993-02-20 13 Golf Bernama KUALA LUMPUR As rain again lashed the course yesterday, defending champion Vijay Singh stayed hot to lead the field by a stroke with a 3-under 69 in the second round of the U*****,000 (*****,000) Benson and Hedges MalaysianBernama - 472 words
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Article, Illustration391 1993-02-20 13 AP MELBOURNE Bradley Hughes shot a one-under-par 72 in difficult windy conditions yesterday to share the lead with Terry Price after the second round of the U*****,000 (*****,000) Australian Masters golf championship at Huntingdale. Price had a one-over-par 74, but it was enoughAP - 391 words
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Article, Illustration36 1993-02-20 13 Reuter MILWAUKEE Milwaukee Bucks Frank Brickowski and Utah Jazz Jay Humphries battling for possession of a loose ball under the Jazz basket during first quarter action in their MBA game on Thursday. ReuterReuter - 36 words
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495 1993-02-20 13 Reuters RIO DE JANEIRO Women in skimpy beachwear playing volleyball on the sand could be part of the next Olympic Games. lOC president Juan Antonio Samaranch has joined the lobby to have beach volleyball, a sport where critics say a goodReuters - 495 words
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SIDE LINES
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Article81 1993-02-20 13 Reuter AGADIR, Morocco Jamie Spence, relishing the high winds, shot a 5-under-par 67 to lead from fellow Briton David Gilford after the first round of the U*****,500 (S$878,000) Moroccan Open on Thursday. Spence, who loves playing in windy conditions, covered the first nine holesReuter - 81 words
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60 1993-02-20 13 AP VIRGINIA WATER, England Mark James' triumph in the Tenerife Open has moved him to the top of European golfs money list. The English golfer moved up from fifth place to replace Nick Faldo atop the PGA European Tour's earnings list with U*****,985 (*****,400).AP - 60 words
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Article75 1993-02-20 13 AFP JOHANNESBURG World heavyweight boxing champion Riddick Bowe delivered a strong message of support to the African National Congress (ANC) at a solidarity conference here yesterday. "I dedicate my life to your struggle," Bowe told cheering delegates. "If by chance the negotiations don'tAFP - 75 words
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Article70 1993-02-20 13 AFP DURBAN, South Africa A brilliant maiden one-day international century by Brian Lara carried the West Indies to a formidable 268 for five in their 50 overs against Pakistan here yesterday. Lara scored 128 from 126 deliveries with 80 runs coming from boundaries in oneAFP - 70 words
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Article65 1993-02-20 13 AP LEON, Mexico A drunk driver in a pick-up truck plowed into an international bicycle road race near here on Thursday, injuring more than two dozen riders 10 of them seriously, authorities said. Two Americans, Clark Sheehan and Jan Neal, suffered serious bone fractures, according toAP - 65 words
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SCORE CARD
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Article, Illustration43 1993-02-20 13 AFP WASHINGTON NBA results Thursday: Minnesota 121 Sacramento 114; Utah 105 Milwaukee 94; Houston 119 Boston 84; San Antonio 103 Philadelphia 98; Phoenix 131 Atlanta 119; Seattle 131 Golden State 116; LA Clippers 108 Washington 95; Portland 105 LA Lakers 103. AFPAFP - 43 words
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Article, Illustration253 1993-02-20 13 Bernama Reuter AFP AFP KUALA LUMPUR Leading results after the second round of the U*****,000 (*****,000) Benson and Hedges Malaysian Open yesterday: 136 Vijay Singh (Fij) 67,69 137 Steve Flesch (US) 69.68 139 Gerry Norquist (US) 69,70, Carlos Larrain (Ven) 69.70, Kim Jong Duck (SK) 67,72 140 Craig ReedBernama; Reuter; AFP - 253 words
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Article, Illustration121 1993-02-20 13 AP Reuter OKLAHOMA CITY Results of the US$l5O,OOO (*****.000) IGA Tennis Classic women's tournament on Thursday (US unless stated, seedings in parentheses) Singles second round: Angelica Gavaldon (Mex) b Beverly Bowes 6-2, 7-5; Patty Fendick (7) b Elna Reinach (SA) 6-4, 4-6, 7-6 (7-4): Zina Garri-son-Jackson (3) b SandraAP; Reuter - 121 words
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Article, Illustration510 1993-02-20 14 Basketball has its first rookie all-star since Michael Jordan in 1985. And the Orlando Magic's 20-year-old centre is taking the courts by storm AP ORLANDO, Florida Shaquille O'Neal is off to Salt Lake City for the All-Star game this weekend and is almost certain toAP - 510 words
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Article1548 1993-02-20 13 ag nm ct* nh» n», ag nm cta nm n®_ /Um MUM GA860 0020 CM MUk Otg VN/SQ743 1315 VN/SQ742 1415 GA928 0305 riintf-T-c SQ1 1320 SQ862 0915 AMaMe S0228 2015 C1665 1430 SQ852 0915 rrrr CX7I3 1455 CX714 0925 iiii® SQ851 1725 CX710 1130 Amtardan1,548 words
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Page 13 Advertisements
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Advertisement365 1993-02-20 13 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 CHEMPLUS TRADING PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final General Meeting of the Members365 words
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Advertisement41 1993-02-20 13 I Fly Finn-air's new Business Class to Europe. Finnair's new wide bodied MD-11 offers speed, comfort and space thats miles ahead of its competitors. Call your travel agent or 733 3377 for more details. know the world from start to Finnish.41 words
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SHIPS IN PORT
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Article430 1993-02-20 14 itsstt ¥»y HI fcrili kM tostl ¥>y Hi B»ti kiM Bpjit JuTOftg Port Batam Mah N25 P01B 20.02/0900 20.02/2300 Budi Jaya 05/93 J1 ato«ade 20.02/0715 Caltn 20/02* P01A 20.02/1100 20.02/1800 Dew Seraya 05/93 J2 atoogade 20.02/0700 Daya MUunur 4/93 P04 19.02/1500 20.02/0600 lava 251/B 2/93 12/3 atongsrte430 words
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Article73 1993-02-20 14 Mure Pwt Berth: 1: Johan; 2: Bangkhunon, Gina; 3: Pernas Proton; 4: Warn Sejahtra; 5: Ernst Thelmann; 6: Wan Hal 203. 01 jetty: Jovian Lilac. DCJ: Lmgegas. Due on Feb 19: Jati, Handy. Voyager. Spendid Fortune. Bunga Penaga, B. Josmdo Satu, BuWer I. Due on Feb 20; Attwah,73 words
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Article1607 1993-02-20 14 DELIVERY OF Fa IMPORT CONTAINERS IN PROGRESS a» toy Hi utUbk |SNp toy* Contws n*Me Enno B 106N 18.02.93 0700 Sentosa Jaya 086S COO(EST) 19.02.93 1500 Hy Exptofet 303E 18.02 93 0800 Cont England 14A COO(EST) 19 02 93 1500 Toko E 09/106 18.0293 0820 Perkasa 70N COO(EST)1,607 words
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Page 14 Miscellaneous
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Miscellaneous523 1993-02-20 14 WEATHER Singapore: Fair, except for showers over a few areas in the late afternoon (Temp range: 24-32* C) Mecca 24/18 Ctou* Aawrica WW Cm*. AucWand »/18 Cloudy Europe W/1V Caad. Atlanta 11/03 Cloudy oanpioK 33/25 Clear Amsterdam 09/05 Cloudy Buenos Aires 31/16 ClouJy 02/9 Cloudy Athens 17/07 Cloudy Chtcago 08/05523 words
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WORLD FOCUS
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Article, Illustration805 1993-02-20 15 A M Rosenthal - The Clinton economic package By A M Rosenthal NYT NEW YORK Between President Clinton's first economic speech and his second, two days apart, something important turned up missing. The best thing that could happen to Mr Clinton and his chances of becoming a successful presidentNYT - 805 words
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685 1993-02-20 15 Leslie Gelb - By Leslie Gelb NEW YORK Candidate Ginton tried to teach Americans a critical lesson that domestic policy is foreign policy is domestic policy. But President Ginton seems to be running away from world affairs, fearful of displeasing voters who685 words
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Article538 1993-02-20 15 NYT NYT NEW YORK All President Clinton promised was an economic plan, but his speech to Congress offered something even rarer along the marshy rim of the Potomac a vision. If Republicans and Democrats in Congress will only step back from Mr Clinton's specific proposals,NYT - 538 words
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Article, Illustration867 1993-02-20 15 Stable Japan-US relations hinge on economic performance Asahi News TOKYO The boldness was greater than expected, perhaps due to the youthfulness of the protagonist. In his economic speech in Congress, US President Bill Clinton revealed measures, including tax increases, for cutting the BudgetAsahi News - 867 words
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Page 15 Advertisements
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Advertisement41 1993-02-20 15 The Achiever seeks results in the right media and the right company. Classified the people finder. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER UANHE ZAO6AO UANHE WAN RAO SHtNMIN DAH.Y NEWS BE RITA MARIAN RE RITA MINGGU41 words
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387 1993-02-20 16 Stakes raised in power struggle, no settlement in sight Reuter, AFP, AP MOSCOW President Boris Yeltsin's spokesman yesterday called on the Russian Parliament to sack its chairman, Ruslan Khasbulatov, saying it was impossible to negotiate a power-sharing deal with him. A statementReuter,; AFP,; AP - 387 words
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492 1993-02-20 16 But he denies plan would mean two-speed Europe Reuter ROME European Commission President Jacques Delors on Thursday suggested that an inner core of seven .countries could launch a single European Community currency without waiting for the other members of the 12-nation bloc.Reuter - 492 words
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Article, Illustration421 1993-02-20 16 Reuter CAIRO The United States and Egypt yesterday agreed to work for the speedy resumption of Middle East peace talks suspended for the past two months because of Israel's deportation of 415 Palestinians. US Secretary of State WarrenReuter - 421 words
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448 1993-02-20 16 Reuter TOKYO Tokyo, which has publicly acknowledged that a stronger yen would help curb its huge trade surpluses, started signalling yesterday that the currency had risen rather too rapidly but the market paid scant attention. "Unless the authorities show that they areReuter - 448 words
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214 1993-02-20 16 AFP LONDON Prime Minister John Major had an unusual suggestion for an unemployed man who wrote saying he could not find work in the depressed British economy: he told him to try across the water in France. "I regret that there are noAFP - 214 words
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Article, Illustration383 1993-02-20 16 Reuter NEW DELHI German Chancellor Helmut Kohl, starting a five-nation Asian tour in India yesterday, promised to expand economic tics and warned against the dangers of creating a "Fortress Europe". "It is crucial for Europe not to look inwards and not toReuter - 383 words
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Page 16 Advertisements
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Advertisement46 1993-02-20 16 3NJ3]£>ia-33 Si Monday in Business Times The ina^^er seeks the right media and the right company. Appointment Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAJTS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER UANHE ZAOOAO UANHE WANBAO SHINMIN DAILY NEWS BE RITA HARIAN BERITA MINGCU46 words
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Advertisement44 1993-02-20 16 Monday in Business Times The Natural Salesman sells effectively in the right media and the right company. Classified the people finder. I THE STRAITS TKAES TH£ SUNDAY TIMES BUSINESS TIMES THE NEW PAPER LIANHE ZAOBAO UANHE WANBAO SUNMJN QAHY NEWS BERfTA HARIAN BERfTA MJNGGU44 words
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Executive Lifestyle
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Article, Illustration1606 1993-02-20 17 Nirmal Ghosh - Nirmal Ghosh examines the arguments in favour of adoption Nirmal Ghosh A COCKATOO and an African grey parrot peer inquisitively through the grills at visitors in the drawing room. Fish swim lazily in an aquarium, and little Daniel rattles his blocks about as he sits inAdapted from an illustration by Merrill Dekle - 1,606 words
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STRAWS IN THE WIND
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Article54 1993-02-20 17 ANYBODY seen SBCs latest news documentary, Inside Asia? One colleague who watched it commented that the map drawers of the show ought to go buy an atlas. In the blue and white map of Asia that was behind one of the presenters, he noticed that the entire island54 words
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Article83 1993-02-20 17 SOMETIMES, the intent is enough to justify the deed. One runner, who signed up for the Singapore International Marathon last year but changed her mind at the last moment, recently received an envelope from the organisers. In it was a certificate of participation that said she had completed83 words
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Article63 1993-02-20 17 THE JURONG Crocodile Paradise is going Filipino every Sunday till March to attract domestic maids on their days off. For the fair, it's brought in everything that is remotely related to the Philippines there's a Filipino band, Filipino food, and Tagalog movies. As one visitor noted63 words
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OPINIONS
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Article, Illustration970 1993-02-20 18 Maggie Ford - As the Indonesian presidential election draws near, the question on everyone's lips is: Who will become vice-president? Maggie Ford reports from Jakarta Maggie Ford The writer is BT's Jakarta correspondent Reading the political tea leaves has always been a popular pastime in Jakarta, but970 words
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Article682 1993-02-20 18 Terence Lim - Terence Lim wonders why all the candidates of SBC's Star Search competition have to look so good Terence Lim The writer is a temporary journalist with BT BC nets pretty good crop", screams the headline of a kJ story in Life! last Saturday. The story682 words
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PROFILE
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Article, Illustration2576 1993-02-20 19 Amanda Mitchison - Shere Hite has often been criticised as a dubious feminist heroine and a manipulator of statistical 'truth'. Amanda Mitchison of The Independent Magazine meets the grand inquisitor of sex, whose latest book will be published later this month Amanda Mitchison SHERE HITE tottered down the stairs at her2,576 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration364 1993-02-20 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, Kay Hian James Capel, Kim Eng Securities, Morgan Grenfell Asia Securities, Peregrine Securities, Phillip Securities, OCBC Securities, Ong Co, (JOB Securities364 words
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Article, Illustration163 1993-02-20 20 PT G K Goh Ometraco The last two weeks have seen aggressive foreign buying, particularly in consumer-related stocks, convincingly reversing the negative sentiment and the trading paralysis of the last three months. As forecast a month ago, the Jakarta Composite Index has moved above theSource: Bridge - 163 words
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Article, Illustration253 1993-02-20 20 Maurits E Edersheim - Maurits E Edersheim, Maurits E Edersheim, 74 Deputy chairman, Smith Barney, Harris Upham International lleads the international money management department with about USSI billion under his charge am quite pro-Clinton. I I voted for him. I A think he is a young new force. And if he253 words
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Article1126 1993-02-20 20 Agnes Chen - Agnes Chen on how a handful of Malaysian companies managed to capture the imagination of investors Agnes Chen ONCE upon a time, a tin mining company decided to turn its back on its past and start life anew as a timber logger and processor.1,126 words
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Article, Illustration863 1993-02-20 20 Lilian Ang - JTOCK By Lilian Ang IT MAY not be the most glamorous public offer of late. But Noel Gifts International, which is seeking a listing on Sesdaq, has two key factors in its favour the right price, and the right time. The general consensus863 words
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Article, Illustration901 1993-02-20 20 S N Vasuki - S N Vasuki on the dangers of investing in the Tokyo stock market S N Vasuki Recommending Japanese stocks to local and foreign investors is a dangerous proposition these days. Japanese newspapers have reported several incidents where disenchanted investors greeted salesmen of Japan's venerableSource: TSE; Source: BZW - 901 words
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Article, Illustration942 1993-02-20 21 Sylvia Wong - Sylvia Wong finds rich returns potentially awaiting intrepid residential property investors in Jakarta Sylvia Wong CONSIDER the temptations: an annual yield of 15 per cent on your investment, the first two to three years' returns up front in advance. That's what942 words
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Article, Illustration212 1993-02-20 21 Chew Eng Han - Spotlight currency By Chew Eng Han THE BRITISH pound has been weakening against the Singapore dollar over the last five years. Compared to the 1988 peak of $3.80, the pound is today 38 per cent cheaper at $2.38. Falling UK interest212 words
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Article, Illustration868 1993-02-20 21 Quak Hiang Whai - Quak Hiang Whai on why risk-free Singapore govt bonds are ignored by most investors Quak Hiang Whai FOR a risk-free investment, few things can match a Singapore Government bond. A second batch of seven-year bonds will be offered to the public next week. But like868 words
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Article682 1993-02-20 21 Moiz Tyebally - Moiz Tyebally checks out the terms of personal loans and overdrafts charged by various banks Moiz Tyebally THEY go by various names Flexiline, Ready Credit, Prime Account, Lifestyle Assist but they all provide quick cash on a clean basis. Normally sticky bankers will waive collateral682 words
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Article, Illustration713 1993-02-20 22 SUSAN TSANG - Cinema Review By SUSAN TSANG HOLLYWOOD has been under fire lately. There have been rumours that Tinseltown was running out of sparkle, much less magic. Surprise, surprise Robert Altman, who was thought to be as washed out as film-flam city, has in one masterful stroke713 words
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Article, Illustration494 1993-02-20 22 RINGO LIEW - CD Review By RINGO LIEW PAUL McCARTNEY Off The Ground To paraphrase Benjamin Franklin, nothing can be said to be certain in this world except death, taxes and the übiquitous Paul McCartney album. The indestructible ex-Beatle is rolling into his 50th year of existence with yet another release.494 words
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Article, Illustration1002 1993-02-20 22 Michael Wickman - They're fun, festive and for everyone. No wonder parades, whether big or small, professional or amateur, are so popular in the US. reports Michael Wickman Michael Wickman ITs Memorial Day in La Canada. California, a suburban enclave in the foothills of the Angeles National Forest. 20 minutes byPhotos by Wendy Chan - 1,002 words
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Article, Illustration913 1993-02-20 22 Susan Tsang - Jessie Lim's current solo exhibition reveals her happy exploration of a brave new universe. Susan Tsang meets the adventurous potter Susan Tsang JESSIE LlM's third solo ceramic exhibition, Stillness and Movement, brings the viewer through an exhilarating exploration of both states. The exhibition represents twoPhoto by Chris Loh - 913 words
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Article, Illustration780 1993-02-20 23 Harish Mehta - Harish Mehta discovers a Singapore hair stylist in Hanoi Harish Mehta THERE they were on the pavement. Their supple fingers massaging bald pates, their scissors swirling and rasping around a man's head. I had set out on foot to look forPhoto by Harish Mehta - 780 words
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Article1049 1993-02-20 23 CHUANG PECK MING - Book Reviews By CHUANG PECK MING The Bubble Economy By Christopher Wood Sidgwick and Jackson, 210 pages, $19.90 Japan's Global Reach By Bill Emmott Century, 244 pages, $39.90 WHO WOULD have thought that it could happen to the Land of the Rising Sun. Foreigners, especially Americans and Germans,1,049 words
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HEALTH & FITNESS
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HEALTH Notes
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98 1993-02-20 24 DAY-DREAMING may now be accorded a respectable status as part of self-hypnosis. Seen as part of a myriad of alternative DIY health care, the latent imagination has been found to relieve all sorts of ailments from colds, headaches and stress. The belief starts from98 words
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128 1993-02-20 24 JUST when you think you can salve your conscience by choosing dolphin-friendly tuna, think again. As cynics might have known, the label doesn't prove a thing. The general agreement is that fishing boats should carry independent observers to ensure all "dolphin-friendly" rules are128 words
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129 1993-02-20 24 IF YOU must wear frilly, flouncy clothes with giant sleeves and flared skirts, keep away from the kitchen or open fires, and give up smoking. According to the International Standards Organisation, those in tight-fitting clothes are less likely to catch fire than their129 words
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Article130 1993-02-20 24 EXPOSURE to lead does not only delay a child's intellectual development. Rather, it has a lasting effect on a child's IQ, according to a long-term study which charted the IQs of 500 children. It was found that those who had the highest concentration of130 words
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Article86 1993-02-20 24 THE introduction of nicotine patches in Britain may prove counter-productive. Researchers in the US said that the patches have only proven effective when used as part of smoking cessation programmes. They say there is no evidence that the use of the patches alone can reduce the86 words
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Article, Illustration1157 1993-02-20 24 Audrey Tan - Audrey Tan finds out more about a little known treatment which relies on the body's natural ability to heal itself Audrey Tan MENTION chiropractic to a Singaporean and you'd probably get a blank stare. Explain it as "manipulation of the spine" and someone1,157 words
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PEOPLE
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Article, Illustration272 1993-02-20 24 THE OCCASION: The presentation ceremony for the inaugural Ee Peng Liang Award. Held on Monday night at the Marina Mandarin Ballroom, the function was attended by some 200 guests mostly from the top echelons of organisations. The award, presented to honour an individual or organisationPhotos by Chris Loh - 272 words
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TIME OFF
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Article, Illustration704 1993-02-20 25 Shahiron Sahari - Sampling jazz with Shahiron Sahari Shahiron Sahari SAXOPHONE, even after all these years, still feels the same. 1 remember, when it first opened, how crowded the place always was so that it was hard to get in, and how strange it was to see704 words
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Article, Illustration742 1993-02-20 25 Shahiron Sahari - Everybody wants to be a jazz performer. Failing which, they wanna listen to the blues, says Shahiron Sahari Shahiron Sahari THE encyclopaedic definition of jazz is that it is a "native American art form originated by black musicians, chiefly in New Orleans, characterised742 words
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Article148 1993-02-20 25 Absent Friends The first British Airways Playhouse is Alan Ayckbourn's award winning comedy, which won the Best Play award when it was first produced in London's West End. The Hilton Hotel, Grand Ballroom, until Tuesday. Tickets, available at the Hilton, are inclusive of pre-dinner cocktails at 7:15 pm, four148 words
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Article313 1993-02-20 25 Sjngafwt Symphony Orchestra Gary Karr has astonished audiences with his mastery of the double bass. He joins the SSO in a programme which includes Bach-Stokowsky's Toccata and Fugue in D Minor and Dvorak's Symphony No 7. Victoria Concert Hall, 8:15 pm, tonight. Tickets are $4. $7, $10. $15 and313 words
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Article484 1993-02-20 25 Israeli Film Festival Mrs vs Miss is a story of two women, one a typical housewife, the other an unmarried lawyer who decide to change roles. The film is in Hebrew with English subtitles. Rated R(A). Jubilee Hall. Raffles Hotel, Wednesday, Feb 24 at 9:15 pm and Sunday, Feb484 words
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Article, Illustration873 1993-02-20 25 Poetiy and Prose Reading A reading of works by Kirpal Singh, one of the region's best known writers and Elaine Feinstein, British poet, playwright, novelist and biographer. Shell Theatrette. 3rd level. Podium Block, Shell Tower on Friday. Feb 26 at 12:30 to 1:15 pm. The Tomlinson Collection873 words
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Article27 1993-02-20 25 Children and Parents in Teaching and Learning A series offered by Louise Garke, an educational psychologist. Students Care Service #01-98 dementi Centre, Blk 487,Clementi Avenue 3.27 words
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Article41 1993-02-20 25 Hari Raya Light Up Geylang Serai will be lighted and decorated in celebration of Hari Raya. Joo Chiat Road, and both Changi and Geylang Roads from Jalan Eunos to Tanjong Katong Road on Feb 27 and 28.41 words
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Article28 1993-02-20 25 Singapore Cricket Ctnb Rugby Tt An annual event in which more than 15 countries send teams to compete for the Ablitt Cup. The Padang, today and tomorrow.28 words
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Article188 1993-02-20 25 MICHAEL WICKMAN - Compiled by MICHAEL WICKMAN Grease The Tony Award hit and the inspiration for one of the highest grossing movies ever made will be brought to Singapore by US based National Touring Musicals. Tickets for the performances at the Kallang Theatre from Mar 13 through 20 are188 words
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EPICURE
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Article, Illustration662 1993-02-20 26 JAIME EE - Bon Appetit By JAIME EE WHEN you set out to eat French, you expect escargots in garlic butter, foppish waiters thrusting menus with a flourish in front of your face and a maitre d' who prefixes his sentences with "zee". When you set out toPhoto by Chris Loh - 662 words
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Article426 1993-02-20 26 AUDREY TAN - By AUDREY TAN NEW ORLEANS cooking is a mixture of Creole and Cajun recipes with their French, Spanish and Caribbean influences. Add spices, herbs and peppers galore and there you have it: authentic bayou country cuisine. The recipe for Cajun seasoning might put the uninformed426 words
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Article599 1993-02-20 26 N K YONG - Wine By N K YONG FOR MANY lovers of white burgundy, Meursault represents the quintessence. The soft "fatness" and mouth-watering juicy acidity of Meursault gives it a sensuousness which is a distinct contrast to the almost intellectual leanness and elegance of Puligny-Montrachet. The finest Meursaults599 words
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Article, Illustration1071 1993-02-20 28 A Few Good Moh. Egged on by an earnest Demi Moore, unambitious navy lawyer Tom Cruise defends two marines accused of murder. To do this, he confronts the acerbic base commander head-on in a climactic courtroom scene. Jack Nicholson brings his usual fiendishness to the commander. Oscar nominations for1,071 words
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Page 17 Advertisements
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Advertisement133 1993-02-20 17 The Gift Voucher That Can Be Used In So Many Ways j For mart information, call 220 9433/223 8333 a IJ? ggHSggCtfefftf lc ip^^B2ir^£wiu>^tJKS^tfßWES£l^ti«*m*s^^Bnß^^^^M3p§« > TEl^^^^_HC*jL?fjifCjtttnnin?iVifin «i jp' iIIiLTT iliff irf4" I^ *■-^^B *yJHT*- ifi- rgTHM a ■> vnr »-r «■*>* fck k *fl^^^Mß s TfK»U^t WP 7Ta^MMy VB KvS133 words
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Advertisement334 1993-02-20 18 I "to js^^lNttßOcg b||P the ISO 9002[~ rfm.RFND S1 Assab A I Certmtm I ENTERPRISE L g I reuiSS!! W: Ay# o JF BLKIOI2 EUNOS AVENUE #01-17 SINGAPORE 1440 I E TEL: *****96 FAX: *****74 231 DANLV SINGAPORE PTE. LTD. HANWA KOZAI MANUfICTRING (S) PTE. LTD. gfl DIE SPRINGS, DIE334 words
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Page 18 Miscellaneous
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Miscellaneous20 1993-02-20 18 POONESBURY GARRY TRUDEAU AKOrH HOLPON, UORKSXSHB&. c£nm H!£t OSRJ&J. I PJZiJ^ZL %Z£2L 2£f, I UMUrTHGBe I 1 TBR-neiASTFm m MM20 words
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Page 21 Advertisements
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Advertisement49 1993-02-20 21 The creative seeks the right media and the right company. Appointment Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER UANHE ZAOBAO UANHE WAN RAO SHINMIN DAH.V NEWS BE RITA HARIAN BERfTA MINGGU Appointment Ads Help You Find The Right Candidate49 words
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Page 26 Advertisements
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Advertisement123 1993-02-20 26 The art of living. From Silik. Each masterpiece skilfully hand-carved and hand-painted hy master designers from Cantu. Italy. Reviling the traditional opulence of the Louis XVI era. When the high life was the only way to live for the aristocrats. Now in Singapore. For those who can make castles of123 words
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Page 27 Advertisements
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Advertisement577 1993-02-20 27 ia Nothing Beats A Bud. (13 OF Himc o p*t f IGH At only $11.80++ per adult and 56.80+ per child, The combined cxpcrience of inclusive of coffee/tea, this is our Penang chefs total 80 one high tea with a years to bring you the best! difference you should savour.577 words
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Advertisement306 1993-02-20 27 WHERE TO WINE, DINE AND ENTERTAIN Make Up For Every Meal You've Had To Skip This Week If you've been living on a solid diet of work-and-not-much-else lately, give yourself a well-earned rest and head for the Plaza Hotel's Sea food-Theatre Restaurant this weekend. Select any item from our special306 words
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Advertisement335 1993-02-20 27 tr I J|N *r V„* '1; W iliaH Hfij i M JIM For only S3o+* per person. Come and taste the difference at The Stables! Available every day of the week except Sundays and Public Holidays. Lunch: 12 noon 2.30 pm V For reservations, please call 73-*****. 7j \j//ar>(/ar<n QD335 words
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Page 28 Miscellaneous
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Miscellaneous2381 1993-02-20 28 TODAY'S TV MnrnVSTTTTmHi 1.00 Kelab Remaja Angkasapun (M, Drama PiNhan (M). Puteri, 4pm, SBC 5 Wonders In China, dam, SBC 8 c 3.00 Bakat-Bakat Kota 11. Puteri (Fauziah Ahmad Daud) In episode, the bazaar in d^S^mmeets three men who work on Llasa, a qigong display and a Tod** bnMkter* some2,381 words
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