The Business Times, 27 March 1993

Total Pages: 32
1 32 The Business Times
  • 14 1 Business Times MITA (P) 552/12/92 Weekend Edition, March 27-28 1993 WE KNOW ASIA 75*
    14 words
  • 500 1  -  By Quak Hiang Whai SINGAPORE Chinese state-owned banks are fast expanding into major financial centres to raise money for their country's rapid economic development. Singapore, with its well-capitalised and managed banks, is attracting a good share of the Chinese loan business, and
    500 words
  • 99 1 NEW YORK International Business Machines Corp yesterday announced the appointment of Louis Gerstner (above), chairman and chief executive officer of RJR Nabisco Holdings Corp, as its next chief executive and chairman, ending a lengthy search for a replacement for John Akers. The appointment of Mr Gerstner,
    99 words
  • 325 1  -  By Kooi Cho Teng SINGAPORE Five thousand people attended the opening day of a major China property exhibition yesterday. And deals worth $8.5 million were tied up within hours. About S2O billion worth of mainly residential property in Beijing, Shanghai and
    325 words
  • 542 1 Reuter, AFP HONGKONG China's top official on Hongkong affairs said yesterday that Beijing hoped the colony's planned new airport could be built before 1997 when the Chinese resume sovereignty. The New Evening Post, a mainland-controlled newspaper reported Lu Ping as
    Reuter,; AFP  -  542 words
  • 207 1 SINGAPORE Group earnings of Singapore's Big Four local banks crossed the Si billion mark for the first time last year, twice what they made just five years ago. Yesterday, United Overseas Bank reported group earnings of $300.79 million in
    207 words
  • 395 1  -  By Joyce Quek SINGAPORE Stock Exchange of Singapore (SES) chairman E W Barker yesterday rebutted suggestions that the exchange's listing requirements are too strict, saying that those who thought so are "obviously misinformed". Mr Barker did not name the party
    395 words
  • 2am LATEST
    • 62 1 Reuter HANOVER, Germany A consortium of German companies will offer to buy a 15 per cent stake in tyre-maker Continental AG from Italy's Pirelli Spa and its associates for 310 million marks (SS3IO million), the state government of Lower Saxony said yesterday. An
      Reuter  -  62 words
    • 71 1 Reuter LONDON British Prime Minister John Major yesterday welcomed an industrial survey pointing to economic recovery. The influential report from the Confederation of British Industry (CBI) employers' group showed both domestic and export demand continued to rise in March with total order books at
      Reuter  -  71 words
    • 68 1 Reutcr NEW YORK RJR Nabisco, whose chicf executive has been wooed away by International Business Machines Corp, moved quickly yesterday to put new managers in place, promoting two top executives from within. RJR Nabisco Holdings Corp said it created an office of the chairman,
      Reutcr  -  68 words
  • Article, Illustration
    112 1 Stock market indices KrMay Change STII 1.660.76 8.71 KLSE Composite closed Nikkei 18.788.70 +23.78 Hang Seng 6.341.25 4 94.28 SET Index 864.20 -11.88 Jakarta Composite Closed CLSA China B 1.381.96 29.66 Aust All Ord 1.675 9 +15.2 FFSE 100 2.852.9 0.1 FrMa> Previous llam close Dow Jones 3.467
    112 words
  • Page 1 Advertisements
    • 17 1 Roger Penrose W aeclainied niaiheniatieian ir *r«jH Can Gerstner put Big Blue in the black, Pg IS
      17 words
    • 18 1 Stocks Stars and laggards on SES main hoard el 4 Poor sales at three other auctions, Pg 2
      18 words
    • 12 1 Gold prices The glitter is back el 5 hull reports. I'r 5
      12 words
    • 174 1 Hock Lock Ste&l :J} 7 \u\ 2C MR 1393 Ml] Motor companli&teering into newfteiis Pg 5 t Academy Awards Weighing in the worthies Im EL 6,7 m 800 new Central Depository accounts opened, Pg 6 Of lasting value operations w ays to make a watch but Rolex Bonbonniere-shaped watch of
      174 words
    • 53 1 CONTENTS Nam Cinpiiin S pof« Nrws 2 SporM# s« 5.67 Region* News 3 Fiuncii 12 World News 4 H"*"' 0.4.S CtoMOSE. SES 7.8 Opnons El 2 feeon* Sports 13.14 World 10 IV a 12 Currwaes 12 fteponJ Focus _IS Sana Commo .11.12 Subscription M 1800/*****7 Fu *****75 BT Editorial Tri
      53 words

  • SINGAPORE NEWS
    • 347 2  -  By Juliette Walker SEVERAL local shipyards will pour over 5250 million into their facilities over the next two years in anticipation of a pick-up in the marine industry. Jurong Shipyard will build a $150 million drydock for very large crude carriers, a
      347 words
    • 537 2  -  Six properties were sold out of a total of 38 on offer By Colin Tan THE strong interest in residential properties highlighted by the long queue for condominium units at Hong Leong's Azalea Park last Thursday appears to have fizzled out, judging by the
      537 words
    • 262 2 TANKERS and ships calling or registered here will soon have to meet stiffer requirements designed to prevent major oil spill disasters. According to a Marine Department circular. Singapore has changed its law to reflect amendments to the International Convention for the Prevention of
      262 words
    • 349 2  -  By AJ Leow DEMAND for factory space managed by the Jurong Town Corporation (JTC) grew by 2.9 per cent last year, slower than the 5.1 per cent increase for 1991. JTC's latest quarterly report said demand for its standard and flatted factories
      349 words
    • 283 2 EQUATRON Business Machines. a division of Inchcape Berhad. has secured a $500,000 contract to supply 233 fax machines to schools in Singapore. The company said it won the tender last October because its machine was user-friendly it uses plain paper and
      283 words
    • 153 2 SINGAPORE ERA Realty Network will conduct a survey to gauge the likely needs and preferences of home buyers in the year 2000. Up to 15.000 households will receive a questionnaire on topics such as location, size of unit, facilities and design. Lim
      153 words
    • 273 2 THE Central Provident Fund Board will raise the amount of money to be set aside under its Minimum Sum Scheme to $34,600 from next month. The Labour Ministry said yesterday that the figure represented an increase of 2.3 per cent, the same as the
      273 words
  • Page 2 Advertisements
    • 44 2 The Outstanding contends only with the right media and the right company Appointments Notices gives you great leads. APPOINTMENTS/NOTICES THC STRAPS TWIES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER LIAN ME ZAQ«AP I lAN HE WANBAO SHINMIN DAHV NEWS BERfTA MARIAN BERfTA MINGGU
      44 words
    • 195 2 Following Service of Bankruptcy Notice against Defaulting Debtor and Court Decision Landgericht Frankfurt am Main No. 2/60 0344 A MULTI-MILLION DOLLAR COLLATERAL STORED AND ACCUMULATED FROM 1972 BYAND FOR A MAJOR SWISS BANK AGAINST A HUGE DEFAULTED LOAN. High Value Security holdings ordered for urgent disposal to mitigate losses EXTREMELY
      195 words
    • 131 2 The Imperial/Darden Sjl Management Programme BjjjJ -for Tomorrow's General Managers Baal 1 -11 June 1993 BSlfl highly successful general Management Development Programme, bringing together the latest European and US experience. Presented jointly by The Management School, Imperial College. University of London and The Graduate School of Business Administration. University of
      131 words

  • THE REGION
    • 564 3  -  Analysts fear worsening current account deficit may lead to overheated economy From Alan Boyd in BANGKOK THE Thai government is coming under mounting pressure to tighten its fiscal policy following the release of economic data pointing to a worsening current account
      564 words
    • 312 3 Reuter TOKYO In what may be the only silver lining to Japan's prolonged economic slide, the government yesterday announced that inflation in fiscal 1992/93 shrank to its slowest pace in five years. According to the government's Management and Coordination Agency, consumer prices for
      Reuter  -  312 words
    • 277 3 AFP BANGKOK A Thai civil court quashed yesterday a decision by a military-appointed anti-graft committee to brand a former minister as corrupt and ordered that his seized assets be returned to him. The court, acting on a confidential decision made by
      AFP  -  277 words
    • 280 3 Reuter KOMPONG CHHNANG, Cambodia Fear, anger and bewilderment gripped the Vietnamese community in this north-west Cambodian river town during a simple funeral ceremony for eight people killed by suspected Khmer Rouge guerillas. The funeral was held on Thursday for the eight ethnic
      Reuter  -  280 words
    • 549 3 Increased fees may be used to finance other regional power projects: analyst Reuter SINGAPORE Asian consumers will have to pay more for electricity in the next decade if a crippling power squeeze in many countries is to be solved, analysts and financiers say. "The
      Reuter  -  549 words
    • 430 3 AFP BONN Germany this weekend steps up its drive to win trade and political influence in Asia and the southern Pacific, dispatching ministers to C hina. Vietnam. Australia and New Zealand less than a month after a five-nation regional tour by
      AFP  -  430 words
    • 95 3 Reuter BONN German F.conomics Minister Guenter Rexrodt, who is to leave for China today, said yesterday that Bonn saw China as a key market for east German companies. "China is the only remaining traditional market left for east German firms," he said, adding he
      Reuter  -  95 words
    • 326 3 Reuter SYDNEY Malaysian Prime Minister Mahathir Mohamad fears a stronger Chinese army could trigger an arms race with Japan. The Australian newspaper yesterday quoted him as saying; "In the region, the most worrisome thing is the growing strength of China. China must re-equip
      Reuter  -  326 words
    • ASIA NOTES
      • 102 3 AFP TOKYO North Korea said yesterday that the danger of war is inereasing as the eommunist state came under increasing international pressure to drop its decision to withdraw from the Nuclear Non-Proliferation Treaty. The Korean Central News Agency, monitored here, quoted the supreme
        AFP  -  102 words
      • 90 3 AP WASHINGTON Bi-partisan legislation to launch US-spon-sored news broadcasts to China and five other Asian countries under authoritarian rule was introduced on Thursday in the Senate. Radio Free Asia "will not by itself bring about democracy... but it can inspire hope and courage among
        AP  -  90 words
      • 55 3 Reuter TAIPEI A Taiwanese woman looking at stamps bearing the portrait of Mao Zedong at an exhibition of Chinese stamps here yesterday. Organisers said it was the first time Taiwan's Government, which claims sovereignty over China, has allowed public display of a stamp honouring
        Reuter  -  55 words
      • 102 3 IHT SINGAPORE Turmoil in Russia is helping to propel an advanced American fighter into contention with the Russian MiG-29 as Malaysia prepares to make a final choice on a new generation of combat aircraft. The previously stated preference of the Malaysian government for the MiG-29
        IHT  -  102 words
      • 54 3 AFP TOKYO The Japanese government decided yesterday to dispatch military personnel to join United Nations peacekeeping operations in Mozambique, its second such mission abroad, officials said. Details of the plan will be finalised in coordination with the UN and an official announcement could be
        AFP  -  54 words
      • 63 3 Reuter SEOUL A senior member of South Korea's ruling party who recently disclosed he was worth over US$7 million (5511.4 million) quit his seat in Parliament yesterday, the latest victim of President Kim Young Sam's purge of tainted politicians. Yoo Hak Song said he would
        Reuter  -  63 words
    • 620 3 Reuter NEW DELHI Indian Prime Minister PV Narasimha Rao will fight a grim battle this weekend to strengthen his faltering control over the ruling Congress party, politicians and commentators said yesterday. A two-day annual plenary convention of the Congress, to begin today
      Reuter  -  620 words

  • THE WORLD
    • WORLD WATCH
      • 85 4 AFP BONN Tens of thousands of steelworkers gathered in Bonn yesterday, having travelled from all over Germany for a rally to save 40.000 jobs threatened with the axe. The organisers, the steelworkers and engineering union IG Metall, said that 75.000 had turned out, while
        AFP  -  85 words
      • Article, Illustration
        37 4 Reuter MEDELLIN, Colombia This collection of luxury cars, belonging to drug kingpin Pablo Escobar, was confiscated by police on Wednesday during a raid on a Medellin warehouse. The collection is valued at US$3.9 million. Reuter
        Reuter  -  37 words
      • 93 4 AP LONDON Prime Minister John Major expressed his concern on Thursday night over the killing of Palestinians by Israeli forces and warned of the growth of Islamic fundamentalism if the Middle-East peace process fails. In a speech at a dinner here given by the Board
        AP  -  93 words
      • 70 4 AFP JERUSALEM Jewish mobsters in the US plotted to kill Hitler in 1933, spawning a major investigation by the Federal Bureau of Investigation, a book to be published here next week reveals. "For more than 50 years, details of this astonishing episode lay concealed,"
        AFP  -  70 words
    • 536 4 Rcuter PARIS Gaullist leader Jacques Chirac yesterday backed down on his demand that Socialist President Francois Mitterrand resign after a conservative landslide in French parliamentary elections. "No one disputes the president's constitutional right to finish his term if he wishes," Mr Chirac said on
      Rcuter  -  536 words
    • 620 4 Reuter PARIS French voters could be forgiven for feeling a sense of deja vu this weekend. Seven years on, the same actors Francois Mitterrand, Jacques Chirac. Valery Giscard d'Estaing and Edouard Bahadur are about to star again in the same drama, with only
      Reuter  -  620 words
    • 285 4 Reuter TOKYO Russian President Boris Yeltsin, battling to keep his job at home, won a minor victory overseas yesterday a seat at the high table of world leaders this summer. Japan said it had invited Mr Yeltsin to Tokyo in July to
      Reuter  -  285 words
    • 350 4 Crisis in Russia AP MOSCOW Vice-President Alexander Rutskoi, who will become Russia's President in the event of Boris Yeltsin's removal, is a thoroughly military man who bridles at his country's loss of superpower status. As president, he could be expected to
      AP  -  350 words
    • 131 4 AFP CALGARY, Canada The former president of the Soviet Union. Mikhail Gorbachev, on Thursday again criticised both the Russian Congress and Russian President Boris Yeltsin for their handling of their nation's current crisis. On the second day of a week-long visit to Canada. Mr Gorbachev
      AFP  -  131 words
    • 310 4 Reuter WASHINGTON The United States has suggested that its Group of Seven (G7) allies consider tapping the International Monetary Fund for more than US$lO billion (5516.4 billion) to help Russia, monetary sources said on Thursday. The suggestion is contained in a letter
      Reuter  -  310 words
    • 33 4 Reuter LEBANON Palestinian deportees walking towards Israeli lines in South I>ebanon on Thursday, earning banners reading: "You world, why we are not allowed to hug our children during the feast." Reuter
      Reuter  -  33 words
    • 216 4 AFP BRUSSELS The European Community's huge trade and investment deficit with Japan must be reduced as a matter of urgency, the Japanese economic group keidanren said >esterda>. Razuo Haruna. leader of a keidanren delegation visiting EC headquarters, told journalists: "We consider that
      AFP  -  216 words
    • 354 4 Reuter WARRINGTON. England Mourners crowded into a picturesque village church yesterday for the funeral of a three-year-old toddler, murdered in an Irish Republican Army bomb attack. The killing of tiny Johnathan Ball last Saturday drew Anglo-Irish condemnation of IRA tactics in its campaign against
      Reuter  -  354 words
  • Page 4 Advertisements
    • 38 4 me Knowledgeable goes for the right media and the right company. Classified the people finder. THE STRUTS TIMES THE St'NOAV TIMES BUSINESS TIMES THE NEW PAPER UANHE ZAO6AO HAN HE WANBAO SMINMIN DAILY NEWS BERITA MARIAN BERfTA MINGGU
      38 words

  • COMPANIES & MARKETS
    • 618 5  -  Results of two Big Four banks By Magdalene Ng SINGAPORE United Overseas Bank's (UOB) group net earnings shot up a strong 15 per cent in 1992, thanks to improved contributions from overseas operations and better lending margins in Singapore. At a press briefing yesterday,
      Bridge Info  -  618 words
    • 473 5  -  By Quak Hiang Whai SINGAPORE OCBC Bank reported yesterday that its group net earnings rose 15.5 per cent to $295.46 million in 1992, thanks to growth in net interest income, fees and commissions. At the bank level, net earnings increased 17.3 per cent to
      Bridge Info  -  473 words
    • 414 5  -  By Sylvia Wong SINGAPORE Orchard Parade Holdings Ltd yesterday reported an 18.1 per cent drop in 1992 net earnings to $2.85 million due to higher interest payments on its loans. Interest payments for the year ended Dec 31
      414 words
    • 829 5  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE Kuala Lumpur is now almost as notorious as Bangkok and Jakarta for its traffic jams. With the roads clogged up at rush hour with vehicles, there seems little evidence that the Malaysian motor industry went through
      829 words
    • 316 5 SINGAPORE Both United Overseas Bank and OCBC Bank will incorporate their Malaysian operations into wholly-owned subsidiaries by September next year. UOB chairman and chief executive officer Wee Cho Yaw told reporters at a briefing yesterday that the group will give up Lee
      316 words
    • Article, Illustration
      343 5 Source: Bridge Info Performance of STII's index stocks Mar 26 Last Sense Index Slock vale Chge factor movers <S> (V) S Awmo 1 790 1 49 0.00 <&< 6-850 0.150 5.71 23 81 C'crcbos 5 150 -0 050 429 -7.94 FAN 12 »00 0 100 10 25 15 87
      Source: Bridge Info  -  343 words
    • COMPANIES
      • COMPANY BRIEFS
        • 73 6 SINGAPORE Cycic Carriage Ltd has awarded the construction contract for its condominium project at Chip Bee Gardens to Construction Technology Ptc Ltd, a subsidiary of Tcmasck Holdings. The $33.7 million contract to build The Merah Saga was signed on Wednesday. Piling work has been
          73 words
        • 90 6 SINGAPORE Causeway Investment Ltd will seek legal advice on a sale and purchase agreement with Philip Khoo, who had agreed to buy 60 per cent of Safetytech. Causeway said Mr Khoo failed to complete the purchase according to the terms of an August 1992
          90 words
        • 60 6 SINGAPORE Chartered Industries of Singapore Pte Ltd (CIS) has appointed Lye Fei as its deputy president, effective April 2. Mr Lye, general manager of CIS subsidiary Singapore Automotive Engineering Ltd. will be replaced by Wu Tzu Chien, who is now deputy general manager, ordnance. In turn, Teo
          60 words
        • 41 6 SINGAPORE Goldtron Ltd said its discussions about possibly floating Lindeteves Jacoberg Far East Pte Ltd are only preliminary. It was answering a query from the Stock Exchange of Singapore about a Straits Times report on the matter.
          41 words
      • 274 6 SINGAPORE Singapore Reinsurance Corporation posted a smaller gain in group net earnings in 1992 against 1991, due to reduced contribution from subsidiaries. In a statement yesterday, Singße said its group net earnings advanced 13.4 per cent to $4.73 million in 1992. Its profits
        274 words
      • 173 6 SINGAPORE Listed rig builder Far East Levingston Shipbuilding (Fels) yesterday delivered one of the world's largest jack-up rigs to A P Moller. Delivery of the Maersk Gallant finally put to rest market jitters that the Danish shipping and energy
        173 words
      • 461 6  -  Reports by Dexter Lee SINGAPORE The potent mix of higher staff costs, lower investment income and higher taxation ate into Singapore Bus Service's (SBS) profits last year. Yesterday, the company reported an 8.1 per cent drop in group net earnings to
        461 words
      • 405 6 SINGAPORE Singapore Bus Service has scrapped its policy of paying a minimum dividend of 7.5 per cent a year in favour of one that reflects the company's performance and other commercial consideration. In what seems to be a contradictory statement yesterday, the company said it
        405 words
      • 165 6 SINGAPORE Central Depository Pte Ltd (CDP) officials said yesterday they were pleased with the public's response to their booth (above) at the Stock Exchange of Singapore Investment Fair at the Raffles City Convention Centre. About 800 new CDP accounts were opened on
        Photo by Arthur Lee  -  165 words
      • 322 6 SINGAPORE Sing Investments and Finance managed to turn in higher profits after tax of $3.15 million for 1992 against $3.06 million previously, despite falling revenue and income. Group operating revenue slipped 14.5 per cent to $14.8 million last year from $17.3 million while
        322 words
      • 275 6  -  By Helen Chang SINGAPORE Sesdaqlisted Material Handling Engineering Ltd (MHE) and Eltech Electronics Ltd yesterday reported poorer results because of recession abroad. MHE went deeper into the red with a group net loss of $1.63 million for the six months ended Dec 31. 1992,
        275 words
      • 481 6 UNIT TRUSTS FUNDS Managers' prices Mar 27 Prudential Singapore Unit Trust Kn,L,nk Fund 106 1,2 The ommcrre 128 I H MARA-Bumiputra The Savings Fund 109 I 14*d First B'putra 1.59 1.64 Spore Prog Fund 0.52 0.55 Second B'putra I 56 l.6lxd S pore See Fund 0 85 089 XhirJ Bpulra
        481 words
      • 1094 6 Payment Ex Books Pay (%> date close date Apollo F 2.S Jun 21 Jun 25 Jul IS Avimo 20* F I2.5TE Feb 17 Marl Apr 15 BAT 21* F 114.2 Mar 23 Mar 29 Apr 6 Berjaya Group I 4 Mar 18 Apr 2 Apr 15 Berjaya Ind
        1,094 words
      • 338 7 It's a sign that they don't want us: HK magnate AFP BANGKOK Hongkong magnate Gordon Wu said his Hopewell Holdings company could not proceed with a US$3.2 billion (555.2 billion) mass transit system for Bangkok if the Thai government
        AFP  -  338 words
      • 174 7 Reuter HONGKONG American Telephone and Telegraph Co says it has signed an agreement with China allowing it to supply personal telecommunications products to what analysts say is the world's biggest potential telecom market. AT&T and manufacturing partner S Megga International Holdings Ltd unit,
        Reuter  -  174 words
      • 437 7 Reuter MELBOURNE Australia's largest company. The Broken Hill Pty Co Ltd (BHP). is poised to earn almost ASI billion (SSL 15 million) in the year to May 31, after the strong nine-month profit figures the company announced yesterday, analysts said. The
        Reuter  -  437 words
      • 255 7 Reuter MELBOURNE The Broken Hill Pty Co Ltd said a planned national 24-hour strike on Monday by steel workers would have a major impact on production and could lose the company some international customers. The strike, over a revamped work contract, will
        Reuter  -  255 words
      • COMPANY BRIEFS
        • 79 7 Reuter HONGKONG Siemens AG unit Siemens Ltd Hongkong said it had won a contract, worth US$25 million (Ss4l million), to build a power transmission and distribution system for the Yangpu Economic Development Zone on China's southern Hainan Island. Siemens earlier this month was awarded a contract
          Reuter  -  79 words
        • 58 7 Reuter BANGKOK The Stock Exchange of Thailand announced it would postpone introducing stricter "maintenance margin" requirements to October 1 from April I. The SET said in a statement it had rescheduled the start date because of "current trading activity" and because some brokerages were not
          Reuter  -  58 words
        • 62 7 AFP HONGKONG Otis Elevator Company signed an agreement yesterday for its a fourth joint venture in China, to be based in Shanghai's Pudong development zone. Shanghai Otis Elevator Co Ltd will sell, install and serv ice elevators and escalators throughout China's biggest city, as
          AFP  -  62 words
        • 75 7 KnightRidder HONGKONG China's Shanghai Petroleum Corp and US oil firm Texaco have agreed to jointly develop oil and natural gas reserves in the East China Sea. the official Xinhua News Agency reported yesterday. Texaco will provide advanced technology to develop the Pinghu oil field, located
          Knight- Ridder  -  75 words
      • 409 7 Reuter TAIPEI Taiwan's Formosa Plastics group said yesterday it was seeking NTS 141 billion (558.74 billion) in syndicated bank loans to finance the construction of a huge petrochemical complex and a port. Company spokesman Jen Chao Chuan said Formosa, the island's biggest private
        Reuter  -  409 words
    • 2733 7 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Metroplex 50c 8.278.000 Mulli-Purpoic $.229,000 Ind Oxygen 50c 4.827.000 Bedford 50c 3.276.000 Fabcr Group 2.907.000 Berjaya Group 2,779.000 Promct 2.223.000 IdmHydSOc 2.182.000 Rcnong Bhd 50c 1.647.000 Tongkah Hldgs 1.378.000 Sd Properties 1,167.000 Tan Chong 50c 1,144.000 Kamunting 50c 941,000
      Source: Bridge Info  -  2,733 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7073 8  -  By Dexter Lee SINGAPORE The stock market came alive yesterday as investors bathed in the good news which filtered in from both the domestic and international fronts. For the first time this week, share prices rose across-the-board egged on by the spate of healthy
        Source: Bridge Info  -  7,073 words
      • Article, Illustration
        62 8  -  HOT STOCK Quak Hiang Whai NATSTEEL has recovered substantially in the last feu months but faces stiff resistance at $3.80-54. A clear break above $4 could see the stock testing $4.50 followed by $5. But the weekly RSI chart shows a slightly over-bought situation, suggesting the stock is likely
        SOURCE: BRIDGE INFO  -  62 words
    • REGIONAL STOCK MARKETS
      • 550 9 -1.56 STOCK prices dipped yesterday as foreign investors engaged in selective bargain hunting with trading expected to drift sideways to lower when the market reopens next week, brokers said. The Manila Stock Exchange Composite Index slipped 1.56 points to end at 1,451.01 from Thursday's close of 1,452.57. The absence
        550 words
      • 987 9 15.2 SI OCK.S rallied to their highest close of the week yesterday with option exercises shoring up volume, dealers said. Resource stocks led the rise but prices were firmer across the board as investors shook otY the doldrums which have hung over the market most of the week. The
        987 words
      • 379 9 -3.67 LATE institutional support and a mild technical rebound yesterday subdued the worst ravages of an across-the-board downward correction, brokers said. They said investors shrugged off the announcement of further interest rate cuts which became effective yesterday. The Composite Stock Index fell 3.67 points to 659.02, off a daily
        379 words
      • 523 9 -49.97 TAIWAN stocks closed lower across the board yesterday and turnover shrank as some investors withdrew from the market, disappointed by its failure to break above its recent trading range, brokers said. The Weighted Index spent most of the session lower and ended 49.97 points or 1.1 per cent
        523 words
      • 319 9 15.08 THE NZSE Index rose nearly one per cent yesterday on reasonable turnover with most of the rise attributable to demand in three leaders Telecom, Fletcher Challenge and Lion Nathan. Brokers are optimistic that the lift in the leaders will filter through to the broader market next week.
        319 words
      • 69 9 -36.03 INDIAN stock prices fell again yesterday as investors sold off holdings. Brokers said the Bombay Stock Exchange Index could fall by 30 to 40 points today. The BSE Index dropped by 36.03 points to 2,342.52 and the National Index fell by 8.19 points to 1,049.37. Brokers said political
        69 words
    • WORLD STOCK MARKETS
      • 801 9 Britannia Funds SMfiim ('Hk Bid Ofln Mim ap Deposit 3* 5100 3* 5400 Mim Jenes C..H *0 l»l* •0»l« Mim Mas Incomc •09**) *1 0*10 I S$ nh Iiktime Pirn f und *10 1400 MO <*00 PS S R(«nt Fund 5.1**) 5 1000 Sterling Kquirs Euro PerfomuiKT 0#U 04>K>0 Far
        801 words
      • 619 9 +01 Shares surrendered early strong gains and the FTSE 100 index closed just 0.1 points higher at 2,852.9 as buying interest dried up and the two week trading account ended. Shares declined steadily throughout the afternoon in response to FTSE futures weakness and a turnaround on Wall Street from
        619 words
      • 110 9 +0.99pc Shares closed one per cent higher on the back of easier debt market yields and Ericsson's announcement of a convertible debenture issue. The All-Share Index rose 0.99 per cent to 990.30 in turnover worth 868 million crowns. The OMX-Index, which carries futures and options contracts, also gained 0.99
        110 words
      • 209 9 +4.14 Shares ended 2.2 per cent down on the week, but dealers said these losses could quickly be reversed next week providing Russian president Boris Yeltsin managed to maintain his leadership. Dealers said a support base which had been established this week at around the 1,650 level on the
        209 words
      • 131 9 3.32 Shares edged up but business remained quiet as most players stayed at the sidelines awaiting developments in the political situation. The Bel-20 Index was up 3.32 points at 1,250.56. A low 500 million francs worth of shares changed hands. Retailer GIB continued to benefit from Thursday's better-than-expected 1992/93
        131 words
      • 157 9 -o.6pc Weak banking shares and firm Pirelli stocks provided the only focus of interest in a market where prices were drifting lower in thin trade. Dealers said the results of two large Italian banks had highlighted how loan and portfolio provisions had eaten into their accounts and put many
        157 words
      • 245 9 1.58 Shares closed higher as bond prices resumed an upward trend and political tensions cooled in Russia, traders said. "The most important factor was a further decline in bond yields today, as the market had already expected a decrease in Russian tensions," said Marius Andre, salesman at broker Amstgeld.
        245 words
      • 214 9 11 Shares were firmer as technical factors drove prices up in quiet trading and low volume. The All-Share SPI was up 11.0 points at 1,324.9. Dealers said sentiment was boosted at the opening by Wall Street's rise and subsequently by the firmer tone in other bourses abroad. Zurich \lar
        214 words
      • 293 9 -11 Ciold shares ended down but off earlier lows yesterday as a lack of momentum in the gold price and some profit-taking depressed prices. Dealers said the trend remained upward for golds despite the correction. The Overall Index lost six points to 3,556 and the Industrial Index fell 11
        293 words
      • 326 9 Stocks were mixed with a weaker bias in early trade despite gains on world markets because of pressure on Northern Telecom and parent BCE Inc. "We're slightly lower and the rest of the world is higher. For the answer, look to Northern Telecom," one trader said. The TSE 300
        326 words
      • 802 9 +6 Stocks opened mixed and traded in a tight range as weak bond prices worked against follow through buying. Analysts said that the market would probably see an upside trend although it was unlikely to repeat Thursday's 16-point rally. The Dow was up six points to 3.467 and
        802 words
    • Article, Illustration
      3009 10 Reuter STOCKS closed up sharply yesterday on a late rally sparked by comments by a top Chinese official for Hongkong that he hoped the British colony's planned new airport could be built by 1997, brokers said. The Hang Seng Index ended 94.28 points higher at 6,341.25. Turnover was HKS3
      Reuter; Source: Bridge Info  -  3,009 words
    • Article, Illustration
      442 10 SHENZHEN stocks stumbled yesterday after previous day's rally, in moderate trading. China Bicycles and Petrochemicals were among the biggest losers, with each company losing 2.93 per cent, pushing the CLSA Shenzhen A Index down 1.24 per cent to close at 2,861.37. Investors still appear very weary of trading in
      442 words
    • Article, Illustration
      2486 10 Reuter STOCKS ended firmer in energetic trade yesterday, helped by bullishness for the new fiscal year starting April, brokers said. The Nikkei Average hit a new 1993 intraday high before paring gains on index-linked selling, and turnover swelled to an estimated 800 million shares. "The risk of not being
      Reuter; Source: Bridge Info  -  2,486 words
    • Article, Illustration
      1780 10 Reuter THAI stocks fell further in afternoon trade yesterday despite the Stock Exchange of Thailand (SET) confirming it would postpone implementing new, stricter "maintenance margin" requirements, brokers said. The SET Index fell to its day's low at 864.20, losing 11.88 points just before the close, but edged up to
      Reuter; Source: Bridge Info  -  1,780 words
    • COMMODITIES & FUTURES
      • 1468 11 SIMEX REPORT Reuter SINGAPORE Simex Nikkei stock index futures finished firmer yesterday on speculation and short-cover-ing in active financial year-end dealings. Contracts fluctuated near the topend of recent ranges with the frontmonth June contract managing to pierce resistance at 19,000 in the second session to
        Reuter  -  1,468 words
      • 418 11 COMMODITIES REPORT Gold Hongkong: Gold closed little changed from New York's Thursday close in thin trading, dealers said. "There's been quiet two-way trade." a local bullion dealer said. "The metal stayed within a tiny 70 cent band all day long." Bullion ended at
        418 words
      • 406 11 Reuter BEIJING China's first attempt at futures trading has run into serious problems soon after opening, calling into question whether Beijing's bold experiments with the market arc simply a blind jump into the unknown, market sources said. Trading volumes have shrunk on the Nanjing
        Reuter  -  406 words
    • 1739 11 Rubber Mar 26 HAS Commodity Exchange (futures closing as at Ipm) HAS (physical prices) RSS1 Contract (Scents/kg) Buyers Sellers Cose Volume Open (Scents/kg) Month High Low Sett (tonnes) Interest RSS 2 Apr 93 134 75 135 75N p q, RSS 3 Apr 93 134.25 I35.25N wfr RSS 4
      1,739 words
    • FINANCE & COMMODITIES
      • 293 12  -  By S N Vasuki SINGAPORE The Industrial Bank of Korea is upgrading its Hongkong office to a full-service branch and plans to open representative offices in China and Vietnam. But senior officials say there are no plans at present to upgrade the Singapore
        293 words
      • 355 12 Reuter SEOUL South Korea said yesterday its latest cut in interest rates would boost the faltering economy but economists warned the measure would fuel inflation while failing to stimulate corporate investment. The Ministry of Finance and the central Bank of Korea
        Reuter  -  355 words
      • 274 12 Reuter KUWAIT Kuwait's biggest commercial bank has emerged from the 1990-91 Gulf crisis with profitability unscathed and poised for further international expansion. National Bank of Kuwait (NBK), the first of the seven commercial banks to report 1992 results, this month announced a net
        Reuter  -  274 words
      • 256 12 Reuter TOKYO At least three of Japan's Big Four securities houses and two banks are planning to set up trust banking subsidiaries after the nation's sweeping financial reforms take effect on April 1, brokerage officials said yesterday. The three are Nomura Securities,
        Reuter  -  256 words
      • 189 12 AFP LONDON The dollar weakened, sterling rose and the French franc remained firm in busy trading on the European exchanges yesterday. Sterling rose strongly against both the dollar and the German mark, trading at 2.4353 marks from 2.4218 in London on Thursday and up to U551.4890 from U551.4740. The
        AFP  -  189 words
      • 236 12 ENERGY REPORT Reuter LONDON World crudc oil priccs were virtually stagnant yesterday as traders appeared reluctant to adopt aggressive positions until they had seen fresh estimates of March Opcc production cxpcctcd early next week. May futures for the world benchmark
        Reuter  -  236 words
      • 141 12 AN extremely quiet day in the regional currencies with the Malaysian and Jakarta market closed for the Hari Raya holiday. In the US$/S$ market, a very biddish tone prevailed throughout the day as local corporates were seen buying the US$. The US$ was brought to
        141 words
      • 80 12 AFP NEW YORK The dollar fell yesterday against other major currencies in quiet trading following a report showing slight downward revision of US economic growth in the fourth quarter of 1992. At 9:30 am (1430 GMT), the dollar was trading at 1.6340 German marks compared with 1.6425 on
        AFP  -  80 words
      • 516 12 DBS Bank weekly currency review L SS/Dm: Consolidation week The US dollar incurred further losses last Friday to reach a low of 1.6270 deutschemark before recovering to close at 1.6360. For the most part of this week, the USS is seen consolidating its losses between
        516 words
      • Article, Illustration
        1572 12 IlaJt- "cifkuiJ inJt-\ mkvlatfJ atam\l Spirt-\ lift 14 IraJint parings Baw )»> /<WS US$/S$ forward rates Noon Mar 26 ss bli Offer 1-month I 642 J I MM 2-month 1.6405 I6420 A-month I 6.W6 ***** 6-month 1.6347 I.6J67 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m m Mar 24:
        1,572 words
  • Page 5 Advertisements
    • 106 5 41-t <*i-. A.> v« •f V y f fe flip 1 ai I ir THE BRECKER BROTHERS UVE AT SINGAPORE BOSANK GARDENS! FEATURING DENNIS CHAMBERS AND MIKE STERN HERE'S A CHANCE FOR All JAZZ LOVERS TO ENJOY AN EVENING OF REAL COOL MUSIC LAWN E, BOTANIC GARDENS SATURDAY 3 APRIL
      106 words

  • Page 6 Advertisements
    • 42 6 The Specialist draws on the right media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAITS TWtfS TMC SUNDAY TIMES BUSINESS TIMES THt NEW PAPER UANHE ZAOCAO I lAN HE WAN6AO St-HNMIN QAItY NEWS BERfTA HA*'AN BERfTA MJNCGU
      42 words

  • Page 7 Advertisements
    • 150 7 I For a company to grow, you noed to slow the momentum. solos ledger administration taken I funds as well as imagination. With a little help from International care of on your behalf. I p v .Lflnjffln Especially if you're an SMI into Factors, your business could gain a Today,
      150 words

  • Page 8 Advertisements
    • 31 8 A new market Even with a sharp new product, runaway network operating system leader Novell cannot relax. We have the details and the reactions. BusinesslT. In Business Times this Monday 1
      31 words

  • Page 9 Advertisements
    • 34 9 IPC's high-stakes bid The leading computer maker breaks new ground with products launched at CeBIT '93. Details direct from Hanover. Germany Bill: It's about time No. not Gates getting married; try hackers getting caught.
      34 words

  • Page 10 Advertisements
    • 50 10 Ace going places He's been called a symbol of Asian success, f if We talk to Acer's Stan Shih )a" The Jakarta stock market will be closed for the Hari Raya Puasa holiday. Trading will resume next Monday. PLAY SMART Be part of the good life. Lifestyle. Everyday. Business Times
      50 words

  • Page 11 Advertisements
    • 217 11 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JAB RECORDS (SINGAPORE) PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 39 Whiting St. Artarmon,
      217 words
    • 319 11 M THE MATTER Of THE COMPAMES ACT, CHAPTER SO AND M THE MATTER OF ALPHAVEST TRAUNQ PTE LTD fN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinatory General Meeting of the membra of the company held at 86. Short Street. •04-15, Singapore 0718 on 10th March 1993 at 11.00 a.m., the Mowing
      319 words
    • 25 11 The Malaysian markets were closed yesterday As and when the latest Ix>ndon/Rotterdam prices are not available, the previous trading day's closing figures are carried instead
      25 words


  • SPORTS
    • 754 13  -  Hongkong Invitational Rugby Sevens Australian and American teams at their strongest in years Reports from Shahiron Sahari in HONGKONG SINGAPORE, undoubtedly one of the weakest teams in the Hongkong Invitation Rugby Sevens competition, are drawn this year in Group D with Australia, world 15-a--side champions,
      754 words
    • 438 13 Golf AP PONTE VEDRA, Florida Kirk Triplett, who reached the PGA Tour by playing on satellite circuits around the world, shot an 8-under-par 64 on Thursday to share the firstround lead with Nick Price at the Players Championship. Triplett holed a 194-yard, 3-iron shot
      AP  -  438 words
    • 701 13 IF YOU FIND that your boss or colleague has been away to Hongkong on "business" this past week, you can be quite sure that he or she is not there just to clinch some deals or settle some other corporate affairs. In all
      701 words
    • SPORT SHORTS
      • Article, Illustration
        112 13 AP Reuter PHILADELPHIA Chicago Bulls general manager Jerry Krause remained in the hospital on Thursday with chest pains that doctors suspect were caused by a gastrointestinal problem. Krause was admitted on Wednesday night to St. Agnes Medical Center for observation after experiencing elevated blood pressure and "the sweats" during
        AP; Reuter  -  112 words
      • Article, Illustration
        449 13 AP Reuter Reuter FONTE VEDRA Scores I hursda> after the first round of the LSS2.S million Players Championship on the 6.896-yard. par 72 I PC at Sawgrass course: 64 Kirk Triplctt. Nick Pncc: 65 Bcrnhard Langer. Joey Sindclar. 66 Ronnie Black. Donnic Hammond. Joel Edwards. Greg Norman: 67 Rick
        AP; Reuter  -  449 words
      • Article, Illustration
        112 13 Reuter Reuter NKW YORK Results of National Hockey League games played on Thursday: Boston Bruins 2 Montreal Canadicns 0: Washington Capitals 5 New York Islanders 2; Tampa Bay Lightning 3 Ottawa Senators 2 (OT); Philadelphia Flyers 5 San Jose Sharks 2: Pittsburgh Penguins 4 New Jersey DcmIs 3.
        Reuter  -  112 words
      • Article, Illustration
        81 13 AFP MANCHESTER. England An International Olympic Committee commission gave Manchester's bid to stage the 2000 Games a boost here on Thursday at the end of a four-day visit to the English city. The nine-strong party were impressed by the progress Manchester have made since their unsuccessful bid for the
        AFP  -  81 words
      • Article, Illustration
        81 13 HONGKONG Draw for the weekend's Hongkong Invitation Sevens. The teams play a roundrobin competition today, with the group winners going on to the knock-out Cup tomorrow, the sec-ond-placed to the Plate, and thirdplaced teams to the Bowl: Group A: Fiji. Namibia. Malaysia. B: Canada. Welsh President's Seven. Papua New
        81 words
      • Article, Illustration
        62 13 AP HOUSTON Results for I hursda\ in the Virginia Slims of Houston tennis tournament (seedings in parentheses): Singles Second Round: Radka Zrubakova (Slovakia) b Rene Simpson-Alter. (Can) 6-1 5-7 6-2; Sandra Cecchini (Ita) b (7) katcrina Maleeva (Bulgaria. 7-6 (7-3) 6-0: Patricia Tarabini (Arg) b Virginia Ruano-Pascual (Spa) 6-4
        AP  -  62 words
    • 422 14 AP MELBOURNE Wally Masur ripped passing shots down both sides of the court and beat Brad Gilbert in four sets yesterday, lifting Australia to a 1-0 lead over the United States in their first-round Davis Cup tennis match at Kooyong. Masur beat
      AP  -  422 words
    • Article, Illustration
      31 14 Reuter ATLANTA, Georgia Houston Rockets" Otis Thorpe shooting over the defence of Atlanta Hawks' Jon Koncak for a score in the first quarter at the Omni on Thursday. Reuter
      Reuter  -  31 words
  • 1663 13 g& nw eta n» otj cta m* n®_ Um DkaM GA860 0020 H» CM MMl CM> VN/SQ743 1315 VN/SQ742 1415 I G* 928 0305 HMgkMg SQ1 1320 SQ862 0915 Adelaide SQ228 2015 CJ665 1430 SQ852 0915 n.T. mTg7 CX713 1455 CX714 0925 2I±i soesi 1725 cx7io
    1,663 words
  • Page 13 Advertisements
    • 48 13 Fly Finnair's new MD-11 the world's most technologically advanced aircraft. Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
      48 words

  • SHIPS IN PORT
    • 465 14 Vessel Voy Wo Berth Anwal Pgwrtw Vessel Voy Wo Berth Arrival Dgwrtft Jurong Port Equator Gran 55/3E P03 27.03/1900 28.03/2300 AS 168/d II atongside 2703/1200 fan Teytour 1024 P09A 27 03/0900 27.03/2300 B wSiSS 20MI P04 27.03/1700 27.03/2300 Z2X 03/01/93 il 27.03/0500 Johan 105/93 P03 26.03/2359 2703/0600
      465 words
    • 2223 14 CONTAINERS IN PROGRESS SKp Voy No Cortwm ivafaMe S*> Voy No Contmn avabfcte fong Yun 9309 *****3 2345 Urn Superb AN 053 COO(EST) 26 03 93 1500 Smo Ifctw 14N *****3 2348 Hanuman IS COO(EST) 26 03 93 2300 Wise us S001 2603.93 0005 Mmg longe 51D COO(EST)
      2,223 words
  • Page 14 Miscellaneous
    • 434 14 CRYPTIC CROSSWORD 1 I park crookedly behind fa- H tajtf MM to obtain some pepper 5 Cattle twitch caused by mo--9 Despite that isn't resisting BB BB—-JW—— 10 Lake one had gone into be- —H^ 11 One wlio soundly ridicules mal dunderhead replaced (7) the ~~Tj^B ~881 b^b~ ~BH" 26
      434 words

  • CORPORATE FOCUS
    • 796 15 Reuter NEW YORK Louis Gerstner may have signed up for the toughest job of his life at beleaguered International Business Machines Corp taking the world's biggest computer company apart and putting it back together so it runs smoothly again. Not that Mr
      Reuter  -  796 words
  • Page 15 Advertisements
    • 238 15 THE COMPANIES ACT CAP. 50 MAXI DESIGNS PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 10 Anson Road. #13-12 International Plaza. Singapore 0207 on the 23rd day of March. 1993. the special resolution set out below
      238 words
    • 45 15 The Leading aims for the right media and the right oompany. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER l lAN HE ZAOBAO I lAN HE WANftAO SHIN** IN DAHV NEWS 6ERITA HAJIIAN »E»ITA MJNGGU
      45 words
    • 1047 15 I OVERSEA-CHINESE BANKING CORPORATION LIMITED I (Incorporated in the Republic of Singapore) I The Directors are pleased to announce the following:- I 1992 1991 Increase I The Group The Bank The Group The Bank The Group The Bank I SS'OOO SS'OOO Ss'ooo Ss'ooo I 1 AUDITED RESULTS FOR THE YEAR
      1,047 words


  • ISEAS Trends
    • 1375 17  -  Yeap Soon Beng says it is time for the Asian mass media to compete with its Western counterpart on its own terms Yeap Soon Beng Dr Yeap Soon Beng is a Lecturer in the School of Communication Studies. Sanyang
      1,375 words
    • 1136 17  -  Daniel Bell takes a critical look at the concept and suggests that states professing to be communitarian in outlook may not, in feet, be so Daniel Bell Dr Daniel Bell is a Lecturer in the Department of Political Science at the
      1,136 words
    • 1782 18  -  Geraldine Heng and Janadas Devan look at a disturbing trend that needs to be arrested if the entire Singaporean arts fraternity is not to be tainted Geraldine Heng,Janadas Devan The writers are literary critics IF you were one of the Singaporeans
      1,782 words
    • 1259 18  -  More on the issue of free expression Amyn B Sajoo argues for a balance between the collective right to preserve social cohesion and the individual right to free speech Amyn B Sajoo Dr Amyn B Saj(X). a former policy analyst with the C'anaJian Human Rights Commission,
      1,259 words
    • 1084 19  -  Amitav Acharya zeroes in on the key factors driving a remarkable regional military buildup Amitav Acharya Dr Amitav Acharya is Director of the Southeast Asia and Pacific Security Project at York University, Toronto. IS post-Cold War South-east Asia witnessing a regional
      1,084 words
    • 193 19 SIGNALS intelligence (sigint), or the collection of intelligence by the interception of communications or monitoring of other electronic signals, is the most productive source of intelligence available to governments and their defence establishments. Worldwide, investment in sigint activities is increasing, with new types
      193 words
    • 795 19  -  By Russell Heng Russell Hent> is a Fellow of the Institute of Southeast Asian Studies. The views expressed in this article are entirely those of the author. THERE is a view abroad that the .West, in general, and America, in particular, have no business imposing
      795 words
    • 1056 19  -  Surin Maisrikrod plots out the rationale for a change in Thailand's attitude towards its western neighbour Surin Maisrikrod Dr Sunn Maisrikrod is a Research Fellow at the Institute of Southeast Asian Studies. IT seems inevitable that Thailand's policy towards Myanmar will soon see a
      1,056 words
    • 1196 19  -  Rustam A Sani analyses an emerging phenomenon in Malaysia that may well help to accelerate its progress towards realising Vision 2020 Rustam A Sani Dr Rustam A Sam is a Senior Fellow at the Institute of Strategic and International Studies (ISIS). Kuala Lumpur.
      1,196 words
    • 1454 20  -  Mike Yeong sketches some probable scenarios, none of which are very optimistic Mike Yeong Mike Yeong is a Fellow of the Institute of Southeast Asian Studies. AN estimated five million Cambodians are expected to go to the polls in May to pick a new government
      1,454 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 214 18 Trends A monthly publication ot the Institute of Southeast Asian Studies Km PMkitiM Editors-in-chief S. Rajaratnam Chan Heng Chee Editor Derek da Cunha Associate Editor P. Lim Pui Huen Assistant Editor Ronald Kow International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. Koh
      214 words
    • 5 18 Appointment Ads An Effective Contributor
      5 words

  • Page 19 Advertisements
    • 53 19 (such 3 market "for choice jobs, feh?^«%' J Any Job. Any Career. -41 Available any day. A ANY TIME. ANYWHERE. D<[ T e Stwa.ts Times Thc Sunday Time* Bus ness Times Tmi new <■•'£» /r^^^^^ L C z L Al>,Me W»N6AO Sum Min D*IL» NEWS 9C«IT« M»«IA« 0E«lT« MIMCI u
      53 words

  • Page 20 Advertisements
    • 222 20 Some Reasons For THE STRAITS TIMES WEEKLY OVERSEAS EDITION You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. For other reasons, send in your subscription now: The StraitsTLmes WKKKtY OVKKIKAi IPITIO# Making an issue of the major issues I MHiMiltlMiMilty 1 I
      222 words
    • 40 20 Your son is studying overseas. And you want him close to home -wtth news from home. To your principals and business associates overseas, it's assuring that Singapore is great for business. The Straits Times Weekly is like a country report.
      40 words
    • 55 20 Someone dose has been Rving in Canada for some years. You've given up writing those long letters. The Straits Times Weekly tells it better. (He might comeback after reading ail the good news.) You travel often on business and want to catch up on your return. The week's main issues
      55 words

  • Executive Lifestyle
    • 1441 21  -  Karim Raslan takes a look at the Bangkok art scene, where self-expression is taking a back seat to commercial considerations Karim Raslan Kanm Raslan is a freelance writer who contributed this article to Executive Lifestyle IN THAILAND, artists are driven by two things schizophrenia or
      1,441 words
    • STRAWS IN THE WIND
      • 65 21 AN AWARE activist told a male reporter this story about an otherwise intelligent journalist who went to interview Nominated MP Kanwaljit Soin and Constance Singham. former president of the Singapore Council of Women's Organisations, and coyly said: "I always thought feminists had hairy legs." The male reporter remarked:
        65 words
      • 58 21 A COLLEAGUE went to a hotel coffeehouse which claimed to have a press corner for journalists. When he asked the waiter where it was, the latter had to check with his supervisor. Soon enough he came back, suitably enlightened. "Ah so, you looking for press corner? You
        58 words
      • 75 21 IF YOU thought altruism reigns in this part of the world, think again. A reflexologist told us this story about one of her clients whose car had caught fire outside a hotel last week. As she sadly surveyed the damage to her car, a bystander sidled up to
        75 words
    • OPINIONS
      • 632 22  -  John Helmer examines Russian President Boris Yeltsin's chances of political survival John Helmer The writer is a Moscow-based journalist who contributes to BT THE RUSSIANS have a saying that even the greatest tsar is put to rest with the same shovel. In dropping his plan
        632 words
      • Article, Illustration
        800 22  -  The proposal to advance Thailand's clocks bv one hour will not help close the competitive gap. writes Alan Boyd from Bangkok Alan Boyd Alan Boyd is a Bangkok-based journalist who contributes to BT IN A CURIOUS footnote to Thailand's bid for recognition as a regional financial centre,
        800 words
      • 469 22  -  LETTERS TO THE EDITOR S F Wong WHY HAS THE Stock Exchange of Singapore Ltd considered it expedient to withdraw the SES Journal from sale at our bookstores? The SES must have good reason but it doesn't seem prepared to explain. But is it essential
        469 words
      • 331 22  -  Tan Kok Tim I REFER to the case of the woman who was sentenced to four years' jail this week for criminal breach of trust of 52.2 million. It is unbelieveable that the lady, who was a junior slalT in her company, could embezzle this
        331 words
    • VIEWPOINT
      • 2204 23  -  CONVERSATIONS I RAFFLES Renowned mathematician and physicist Roger Penrose gives Kenneth James some fascinating insights into a rarefied world. He also talks about his prize-winning collaboration with Stephen Hawking Kenneth James ITS A quantum leap from black holes and the origins of the universe to artificial intelligence
        Photo by Chris Loh  -  2,204 words
      • 978 23 AN OUTSTANDING scientist and author in his own right, Roger Penrose is also well-known for his collaboration with Stephen Hawking. Their work together showed that the universe as a whole probably originated in a big bang. They were jointly awarded the Royal Astronomical Society's Eddington
        978 words
    • PERSONAL FINANCE & INVESTMENT
      • Article, Illustration
        58 24 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. Tat Tee Securities. LOB Securities
        58 words
      • 66 24 High volumes in recent days on Malaysian property counter Bedford have kept the market in suspense. Rumour has it that it's a deal in the Philippines. Mention of the Philippines has set loose tongues wagging about a possible casino or lottery licence a la Metroplex, another Malaysian property
        66 words
      • 190 24 Ong Co (March 25) Intraco. Buy at market. Expect turnaround from past losses. Strong sales from Rover cars. Sembawang Shipyard. Buy at market. Continued strong performance by engineering subsidiary. OCBC Securities (March 18) Kay Hian James Capel. A strong buy at current levels. Prospective price-earnings (PE) ratios of 11.1
        190 words
      • 134 24 Baring Research (Malaysia) Sdn Bhd Third-quarter Gross Domestic Product figures were released during February, confirming a clear slowdown of economic momentum. This consolidation is a healthy development which will ease the inflationary threat and allow interest rates to fall gradually in 1993, before the anticipated
        134 words
      • 349 24  -  Mr Alan Raskin, 32 Senior Economist, I.D.E.A The company is a financial think-tank based in London, with offices in Sew York. Tokyo and Hongkong. It provides independent fundamental and technical commentary on the global foreign exchange market. UT am not bullish on the I US economy but
        349 words
      • 2315 24  -  Wondering which of the 200-odd SES companies are worth investing in? Agnes Chen says basing your decision on the historical EPS is a pretty reliable way to go about it Agnes Chen WHETHER a stock makes money for you depends on whether the company makes
        2,315 words
      • 407 24  -  CHART By Chew Eng Han THE Straits Times Industrials Index is up against stiff resistance. On three occasions in the past four weeks, the index has failed to clear the 1,675-1,680 hurdle. This could possibly set the stage for a triple-top formation, which will
        407 words
      • 990 25  -  Juliana Ng looks at the issues involved in succession planning and illustrates how enormous savings can be made with proper tax planning Juliana Ng Mrs Juliana Kg is a lawyer and director of Arthur Andersen Associates Pte Ltd Building a successful business
        990 words
      • 818 25  -  Shoeb Kagda says gold's appeal is returning, with interest rates historically low and currency markets troubled Shoeb Kagda THE GLITTER is slowly returning to gold. With interest rates at a historic low and currency markets in turmoil, the prudent investor would be
        818 words
      • 1257 25  -  LEARNING New to the stock market? In the dark about bond and foreign currency investments? This occasional column will cut through the jargon and unravel some of the mysteries of investing. This week, Paul iLeo is your guide to the financial pages. Paul Leo Next
        1,257 words
      • 281 25  -  Spotlight currency By Paul Leo Mighty mark looks set to weaken again as reunification costs continue to hobble the German economy. On March 18, Germany's stoic central bank relented and lowered its discount rate half a point to 7.5 per cent. As the cut was
        Source: TeleTrac  -  281 words
    • 590 26  -  CD Review By RINGO LIEW JIMMY BARNES: Soul Deep Surely one of Australia's best-kept secrets, Jimmy Barnes offers on this album 17 more reasons to question the point behind the evolution of mankind when it can throw up someone like Michael Bolton. Decrying Bolton's whining, self-pitying approach,
      590 words
    • 1227 26  -  Will this years top Oscars go to Eastwood's revisionist Western. Merchant Ivory's study of English class connections or Neil Jordan's little Irish movie? Jaime Ee places her bets Jaime Ee COME TUESDAY morning and it will all be over. Clint Eastwood will know whether or not
      Artwork by Ben Cruz  -  1,227 words
    • 439 26  -  Art Review By SUSAN TSANG Fee of 56 for adults also includes entry to the Treasures of Tang exhibition. Open 9am-7,30pm daily COLLECTORS, would-be collectors and other lovers of Chinese ceramics and bronzes would do well to check out the Gems of Chinese Art exhibition at
      439 words
    • 638 27  -  Cinema Review By SUSAN TSANG MOVE OVER. EM Forster. The Merchant Ivory team, purveyors of films faithfully adapted from novels, have overshadowed an author. Having produced two films from Forster novels. A Room With A View and Maurice, their third brush with the writer has
      638 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • 136 28 Health Singapore OLIVE OIL may soon be the key to preventing coronary artery disease. The results of an Israeli study suggest that monounsaturated fat may well have that function and that a steady diet of foods rich in it actually does lower blood cholesterol.
          Health Singapore  -  136 words
        • 101 28 Health Singapore WHAT DOES your breakfast cereal look like? Pellets, buds, flakes, steel wool pads or assorted cartoon characters? For a roughly accurate measure, pellets and buds are the healthiest since they are probably variations of bran cereals, which gives you a generous 9-14 grams
          Health Singapore  -  101 words
        • 113 28 Health Singapore IS YOUR DOG fat? One vet found that dogs and their owners tend to have the same body shapes. Although genes are a major influence on fatness, most people balloon because of too much of the wrong sorts of food. Fat dogs tend
          Health Singapore  -  113 words
        • 109 28 NYT A NEW STUDY suggests that generations of coffee drinkers have been right: caffeine does appear to improve memory, reaction time and powers of reasoning. The study found that tea also slightly improves reaction times, but less than coffee. The probable reason: tea
          NYT  -  109 words
        • 82 28 NYT PREGNANT SMOKERS can increase their babies' weight by quitting smoking, or at least cutting down, according to a study done by the University of Alabama. The study of 803 pregnant smokers and 474 pregnant non-smokers found that infants who were born to women who
          NYT  -  82 words
      • 821 28  -  Audrey Tan finds Singaporeans becoming more careful about what goes into their stomachs Audrey Tan CAN we assume that Singaporeans are healthy foodies just because the rest of the civilised world is eating healthily? The question, when it first arose, invited a fair amount of scepticism. Notwithstanding
        821 words
    • PEOPLE
      • 243 28 A TOAST to owning its very own building in the financial district. Such was the additional excitement at International Factors Singapore, which is looking forward to being listed on the local stock exchange in two to three years. IFS, a subsidiary of export credit insurer
        243 words
      • 89 28 THE largest loan signing this year took place at the Regent Hotel on Tuesday. Fifteen financial institutions joined forces to to provide $850 million for the construction of the Pontiac Marina, owned by Pontiac Land and Kajima Corporation. United Overseas Bank and Sumitomo Bank were
        Photos by Arthur Lee  -  89 words
      • 95 28 A GROUP of ten international banks met at the Pan Pacific Hotel on Monday to sign a US$75 million loan for Indonesia's state bank PT Bank Dagang Negara (Persero). Participating banks from Singapore included Arab Banking Corporation, Banque Paribas, Bayerische Landesbank, Dai-lchi Kangyo, Gulf
        95 words
    • TIME OFF
      • 802 29  -  While Jaime Ee imagines she's in Vienna alone Boat Quay. Susan Tsang sets an idea of just how many varieties of coffee there are. and Xiu Qiong checks out a hip coffee bar in an unhip street Jaime Ee,Susan Tsang, Xiu Qiong
        802 words
      • 496 29 ITS after dinner at Holland Village. and you want to go somewhere comfortable for a chat with some friends; perhaps a place where you don't get too many of the teenage crowd. If you're not one to get sleepless nights or
        496 words
      • 406 29 WHEN you arc standing in front of Hoa Nam Building in Foch Road at night, you must be there for one of two things either waiting for a bus or a suitable moment in which to duck into one of those girlie
        406 words
      • 235 29 Young People's Theatre Festival The Tragedy of Macbeth On the banks of the Singapore River, a distraught Lady Macbeth roams. Meanwhile, three hideous witches don wayang make-up to waylay Macbeth. After the success of Conference Of The Birds, Asia in Theatre presents Shakespeare's tragedy in the same disused warehouse.
        235 words
      • 64 29 SSO Concerts In commemoration of French composer Charles Gounod's death anniversary. highlights from Faust and St Cecilia Mass will be played. Soprano Olga Savina and Tenor Martin Hindmarsch join Conductor Lim Yau in this tribute. The Victoria Concert Hall today at 8.15 pm. Tickets at $4. $7, $10. $15
        64 words
      • 233 29 The First Emperor of China Building the Great Wall of China destines you for history's scrutiny and Qin Shihuang experiences it all in this Omni-max movie. Both informative and entertaining, this provides an excellent means of studying Chinese history. On till 31 March at the Singapore Science Centre's Omni
        233 words
      • 850 29 A Soldier Remembers When the war was still on and Sentosa was still termed Blakang Mali, a soldier took photographs which recorded every aspect of life on the island. Find out about delousing bedding and daily parades under a blazing sun. On at Fort Siloso. Sentosa Island
        850 words
      • 260 29 Singapore International Film Festival Postal bookings are now available for the festival which begins on April 16. Write to: Singapore International Film Festival, c/o Ticket charge. 20 kallang Avenue. Singapore 1233. From March 29. tickets will be available at Ticketcharge counters at all Metro stores. Wisma
        260 words
    • EPICURE
      • 739 30  -  Mark Graham meets a Malaysian chef who is now sharing his skills with Asian cuisine students in Adelaide Mark Graham Mark Graham is a Hongkong-based writer who contributed this article to Executive Lifestyle Menus put together by Cheong Liew are as eclectic as they come:
        Photo by Mark Graham  -  739 words
      • 635 30  -  Bon Appetit By JAIME EE THERE are two misconceptions about AlkafT Mansion one, that it is somewhere near Mount Faber; and two, that eating in a fancy non-airconditioned restaurant can be a stifling affair. It took half an hour and three U-turns before realising
        635 words
      • 609 30  -  By NIRMAL GHOSH DOME, a native of Perth. Western Australia, has opened a cafe in the business district. Dome's Perth store supplies a range of special coffees to some 200 establishments in the city. The Singapore branch could end up doing the same eventually: they certainly
        Photo by Arthur Lee  -  609 words
      • 769 30  -  Wine By N K YONG AN EXTREMELY comprehensive horizontal tasting of the highly regarded 1970 clarets took place late last month in Coral Gables, Florida. Seventy-five wines from the seven communes of Bordeaux were shown over the three half-day sessions in a tasting masterfully moderated
        769 words
    • Article, Illustration
      1011 32 A Few Good Men. Egged on by an earnest Demi Moore, unambitious navy lawyer Tom Cruise defends two marines for murder. He also confronts acerbic base commander Jack Nicholson in a climactic courtroom scene. Oscar nominations for Best Picture and Supporting Actor (Nicholson). Yishun 10 1.20; 9.15. A River
      1,011 words
  • Page 21 Advertisements
    • 264 21 "EXPRESS SHAKELOAN The "!*<«*/ way of turning shares into f /A* *Jhj/ HOMO LBONQ nNAMCZ UMTTEO HW WWWH UM l>l *****33 *****33 For once, moving in the right circles means setting a trend not following it. Th« new Audi 100 needs no and even extends to COE. Ybu'd pfocoe Td
      264 words

  • Page 22 Advertisements
    • 188 22 WHO'S THE FASTEST IN THE WORLD OVER 100,000 kms? With an average speed of 223.345km/h Subaru superior engineering, reliability and quality. And Legacy broke the previous World Speed Endurance Legacy even boasts double-width reinforced side Record of the prestigious Federation International beams and a fully galvanised rigid body for de
      188 words
    • 25 22 BI welcomes letters from you. Please address them to: llw Editor, Business limes, 390 Kim Seng Rd. S'pore 0923. letters should include your contact numbers.
      25 words
  • Page 22 Miscellaneous
    • 99 22 Bn Stcvn Piaak. omR Bristol fOO SeHD W41^6ETyP£n HEP *€A* O c < <KCl_€.t roe. see.- vou>f mackerel'. I C>qjPVPOLO&isc. roo^r I S*J SO">€ Fiom Tvie."ra*»w"TWtS mo**»0 *ND \T v\oST W*V£ STOCK IN CAISOCtATfOl c I LTD tw tm DOONESBURY GARRY TRUDEAU i PUT SOME mcxup BKumes IU THERE FK60WTCR.
      99 words




  • Page 26 Advertisements
    • 64 26 WILL THE MARKET STEAM AHEAD? MiTA(P) 101 8 92 MARCH vol 17 No 3 irJi 3 1993 a $4 FOREX FINDS g CONVEYANCING FRESH RISKS A M 1 ft AIA FREE-FOR-ALL? SEMBAWANG'S fl |J -W. M \I SPOTLIGHTS: NEW DREAM M§ I l. p 4®§l TIBS,VENTURE m\i 4 MANUFACTURING /UJ^AHSJ2J
      64 words

  • Page 27 Advertisements
    • 32 27 yilsc being strum bcl)iiti» tljc eitv iuitf) n c'ocliful of met *?nui>, oitll) nicer. ®liefotty. r X.O.Beer. 12% alcohol, and best taken lying down, Available soon in bars with nice, comfortable floors
      32 words



  • Page 30 Advertisements
    • 126 30 Club 1 < Barbecue Buffet I|ji§S liat as much as yon can every Friday A Saturday BMllnylf Iflfl at the Poolside A Tee-Off Cafe U|rlUJ|n«L between ti.3opm to IO.OOpm W Child 8.00 (chikllxMow 12 vrs 4 I 'or rcservciiioiis. |)lcase call Ttv-Off I <il 322 422 1/: i (l)ircc l(
      126 words

  • Page 31 Advertisements
    • 1116 31 Beats A Bud. where to wine, dine and entertain OF HKH ItA AT CAfIE 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 3pm to 5.30pm. f i oM&el
      1,116 words
    • 301 31 Local Tea Time delights at Chatterbox TJT* every Saturday and Sunday. 3 pm to 5.30 pm. $14.50+ per person $8.50 per child (below 10 yrs) Mezwre Sumptuous Continental k Local Afternoon -==r Tea spread at Mezzanine Lounge. Daily. 2pm to 6pm $16.00-*- per person $10.00++ per child (below 10 yrs)
      301 words

  • Page 32 Miscellaneous
    • 2443 32 TODAY'S TV ■HTrrnrySH 11.00 Saturday Soccer MMuhrll tmH■ WIHJ®S 5J us,c BhMIMMM 1.25 Close. Bintang Malam, 3.45pm, SBC 5 Wonders In 9am, SBC 8 AM Close. trapped a The TVI is saved the Ha Zhe in North- 58Q5 of her brother after years at ern China and the Hot Sand
      2,443 words