The Business Times, 3 April 1993

Microfilm: NL18520
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    14 1 BUSINESS TIMES WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, April 3-4 1993 75•
    14 words
  • Article
    HK$23b rail project planned to link port with S China
    391 1  -  From Stephen Vines in HONGKONG THE Hongkong government yesterday unveiled plans for a HKS23 billion (SS4.B billion) railway development to link its container port with China's national rail network and to improve passenger rail links with southern China. Although the
    391 words
  • Article, Illustration
    Lock icon Calculation error costs Simex traders half a million dollars
    545 1  -  By Soh Tiang Keng and Magdalene Ng SINGAPORE There were some red faces at the Singapore International Monetary Exchange yesterday when an oversight in calculating the newly-introduced Hongkong stock index cost several Simex traders close to half a million dollars in
    Source: Bloomberg  -  545 words
  • Article, Illustration
    Maya group plans industrial park in China for S'pore firms
    484 1  -  By Yong Pow Ang SINGAPORE Maya Group, the sister company of Pacific International Lines, is developing an industrial park in Chongqing to attract Singapore's small and mediumsized enterprises that want to relocate their factories to China. The park covers 4.8
    484 words
  • Article
    Lock icon Bank Negara has major long dollar position: dealers
    234 1 Reuter LONDON Bank Negara, Malaysia's ccntral bank, known for its aggressive positiontaking in the foreign exchange market, still has a substantial long dollar position after big dollar declines in recent days, London dealers say. Bank Negara is holding between USS6.O billion and
    Reuter  -  234 words
  • Article
    S'pore stock prices hit all-time high
    165 1 SINGAPORE Speculative play and a surge of buying pushed prices on the Singapore stock market to an all-time high on heavy volumes. The Straits Times Industrials Index closed at 1.688.16. up by a strong 19.10 points. The previous high of 1.680.96 was recorded on
    165 words
  • Article
    Ramos given extra powers to deal with energy crisis
    394 1  -  By Alec Almazan SINGAPORE Both Houses of the Philippine Congress passed emergency legislation yesterday giving controversial extra powers to President Fidel Ramos to deal with the country's energy crisis. The Electric Power Crisis Act was hammered out by key members of
    394 words
  • Article, Illustration
    MARKET SUMMARY
    117 1 Slock market indices FrMajr C kangt STII 1.688 16 +19.10 KLSE Composite 651.45 +1.89 Nikkei 19.446 94 347.85 Hang Seng 6.404 44 -4.44 SET Index 846.34 -5.43 Jakarta Composite ...310.08 -1.02 CLSA China B 1.330 22 -31.47 Aust All Ord 1,683.1 +14.3 FTSE 100 2,869.9 -8 5 trMaj
    117 words
  • 2am LATEST
    • Article
      Lock icon Rao overstepped Constitution: court
      70 1 AP NEW DELHI A court ruled yesterday that Prime Minister PV Narasimha Rao overstepped the Constitution when he dismissed a state government run by Hindu nationalists. The unprecedented decision by the Madhya Pradesh High Court is an embarrassment for Mr Rao's embattled government. It also is
      AP  -  70 words
    • Article
      Lock icon Disastrous year for insurers: study
      94 1 Reuter ZURICH Insurance damage claims rose to record level last year, due mainly to Hurricane Andrew which raged through Florida and southern Louisiana last August, a study published yesterday by Swiss Reinsurance Co showed. Andrew, one of 130 natural catastrophes recorded in 1992, caused damage
      Reuter  -  94 words
    • Article
      Lock icon Maastricht rebel heads French Parliament
      43 1 Reuter PARIS France's most prominent campaigner against the Maastricht Treaty, Philippe Seguin, was elected Speaker of the National Assembly yesterday despite objections from pro-Europeans. Mr Seguin was the candidate for the Gaullist Rally for the Republic (RPR). Reuter
      Reuter  -  43 words
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  • SINGAPORE NEWS
    • Article
      Accountants face uphill battle to defend case over ad ban
      501 2  -  Profession's watchdog also concerned over advertisements on seminars By Agnes Chen ACCOUNTANTS who were queried recently by the profession's watchdog over a possible breach of its advertising ban may have a hard time proving their case. "According to our rules,
      501 words
    • Article, Illustration
      CIDB incentives extended to engineering projects
      357 2 LOCAL contractors can look forward to more incentives for quality construction work, the Minister of State for National Development Lim Hng Kiang announced yesterday. He said the quality premium scheme by the Construction Industry Development BoaFd (CIDB) which is aimed at rewarding local contractors
      357 words
    • Article
      Lock icon S'pore to block transshipment of potential chemical war items to Libya
      272 2 Reuter UNITED NATIONS Singapore has agreed to block the transshipment to Libya of eight Malaysian-made stainless steel vessels which could potentially be used to make chemical weapons, a western diplomat said on Thursday. The issue was first raised some
      Reuter  -  272 words
    • Article
      SDC offers Sentosa beach site for food village development
      224 2 SINGAPORE Sentosa Development Corporation yesterday announced that it is selling a 10.000 sq m site along the beach for a food village development. The site is located between Central Beach and Siloso Beach. The food village can accommodate 12 stalls serving
      224 words
    • Article
      Telecom and SPH join hands to provide new phone info service
      290 2 SINGAPORE Telecom and Singapore Press Holdings are linking up to provide telephone subscribers with a pay-per-call information service known as Audio Line. To begin with. SPH will be the sole information provider. When teething problems have been sorted out.
      290 words
    • Article
      Lock icon Civil cases: lawyers appeal against fee move
      218 2 AFP LAWYERS have appealed against a proposal by Singapore's judicial authorities to charge civil litigants fees of up to $3,000 a day to have their cases heard, a lawyer said yesterday. He said the appeal by the Law Society of Singapore (LSS) was
      AFP  -  218 words
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      Page 2 Advertisements Column 1
      37 2 hfilltii U You Can't pronounce it. you Can't afford it. But at Least you Can Get it GAMMEL BRYGD Beer is available only to those with nice comfortable bank balances. GAMMEL BRYGD. Tastes better than it sounds.
      37 words
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  • THE REGION
    • Article, Illustration
      Lock icon Miyazawa urges swift passage for electoral reform Bills
      571 3 Proposals to scrap multi-seat system, ban cash donations to politicians Reuter UPI TOKYO Prime Minister Kiichi Miyazawa called on Thursday for swift Parliamentary approval of the ruling party's reform Bills, saying it would be "a source of regret for 100 years to
      Reuter; UPI  -  571 words
    • Article
      Lock icon S Korean unions agree to single-digit wage rises
      393 3 Reuter SEOUL South Korean unions and employers said yesterday that they have struck an unprecedented deal to limit 1993 wage rises to single digits, providing a major fillip for President Kim Young Sam's rescue plan for the economy. The Korea Employers' Federation
      Reuter  -  393 words
    • ASIA NOTES
      • Article
        Lock icon S Korean president sacks two generals
        92 3 AFP SEOUL South Korea's newly installed President Kim Young Sam yesterday sacked two top generals in charge of military commands linked to previous coups, in the second such military shakeup since he took office in February, a defence ministry spokesman said. The defence ministry
        AFP  -  92 words
      • Article
        Lock icon Indonesia gets new air force chief
        53 3 Jakarta Post JAKARTA Rear Marshal Rilo Pambudi has been named to replace Air Force Chief of Staff Marshal Siboen. President Suharto announced on Thursday. Rear Marshal Pambudi is currently Staff Marshal Siboen's deputy in charge of operations. He will be sworn in on April
        Jakarta Post  -  53 words
      • Article
        Lock icon Jakarta on human rights
        74 3 Jakarta Post JAKARTA Indonesia runs the risk of a civil war if it adopts Western-style human rights principles which focus on individuals'* interests, the deputy speaker of the House of Representatives said on Thursday. Human rights are a delicate issue in multi-ethnic Indonesia and no other
        Jakarta Post  -  74 words
      • Article
        Lock icon KL, Thai Arms eye Myanmar
        63 3 Reuter YANGON Malaysian and Thai companies are looking at the 4 possibility of major investments in Myanmar plantation crops.; including palm oil and rubber. Myanmar Deputy Agriculture Minister U Tin Hlaing's agriculture official said. He said three or' four Malaysian companies were studying the feasibility
        Reuter  -  63 words
      • Article
        Lock icon Coup days are over, says Anand
        105 3 AFP HONGKONG Former Thai prime minister Anand Panyafachun said yesterday the Thai military understood the days pf, coup d'etats were over and they could not buck the world trend' for democracy. But Mr Anand. speaking in a CNN interview, saidchanges would be slow in
        AFP  -  105 words
    • Article
      Lock icon Indonesia says Portugal unhelpful over Timor
      195 3 Reuter JAKARTA Indonesia has accused Portugal of damaging the atmosphere ahead of talks this month to try to settle the troubled issue of East Timor. "The atmosphere of the second meeting has not been helped much by what Portugal has been doing in Geneva
      Reuter  -  195 words
    • Article
      Lock icon India lifts export curbs on farm products
      179 3 AFP NEW DELHI India has thrown out export restrictions on items ranging from rice and sugar to donkeys and mules in a farm-oriented trade policy that takes its agriculture into the open-market era. The Commerce Ministry listed 144 items permitted for licence-free export
      AFP  -  179 words
    • Article
      Lock icon Malaysia cautions banks on loans for environmentally-risky projects
      282 3 Reuter KUALA LUMPUR As pressure from Western nations mounts, Malaysia is stepping up its fight against pollution by cautioning banks on lending to environmentally-sensitive projects. The central bank. Bank Negara, has for the first time included a section on environmental issues in
      Reuter  -  282 words
    • Article, Illustration
      Lock icon Moving ahead — with cheap child labour
      59 3 Moving ahead with cheap child labour Reuter YANGON The Myanmar construction industry can be said to flourish on the backs or on the heads, as the case may be of cheap child hese (•iris carrying pans of mixed ccment on their heads up a building under construction in the capital
      Reuter  -  59 words
    • Article
      Lock icon Untac may have to review polling date if April brings more violence
      495 3 Reuter PHNOM PENH UN peacekeepers in Cambodia, where more than 100 people were murdered in March, are praying for a quieter month so preparations for an election next month can start. "April is the month that counts. If
      Reuter  -  495 words
    • Article
      Lock icon Breakthrough in dispute over sales of telecom equipment to S Korea a boon for US
      402 3 AP WASHINGTON The United States and South Korea have resolved a trade dispute involving sales of telecommunications equipment that should result in millions of dollars of new export sales for the US, the Clinton administration
      AP  -  402 words
    • Article, Illustration
      Lock icon My reforms have Major's full backing, says Patten
      520 3 AP FT Reuter WASHINGTON Hongkong Governor Chris Patten said he has the full backing of British Prime Minister John Major for his controversial democratic reform proposals and that Britain has no intention of dropping its plans. He also has admitted he is
      AP; FT; Reuter  -  520 words
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      Page 4 Advertisements Column 1
      281 4 TRUST CITIBANK TO BRING YOU ALL THE REWARDS OF AWARD -WINNING FUNDS. The fact that everyone is looking to make So, you can enjoy all the rewards. more from their investments is no great surprise. In addition, Business Times has ranked Especially today, when interest rates are not Credit Lyonnais
      281 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Property companies set for a difficult year ahead
      978 5  -  Corporate results review: property Check on interest-rate fall, market glut expected to hit earnings By Lee Han Shih SINGAPORE Having gone through a reasonably good year in 1992, the listed property groups are bracing themselves for a tough year ahead. There are
      978 words
    • Article
      It's about time SBS freed itself from guaranteed minimum dividends
      530 5  -  HOCK LOCK SIEW By Dexter Lee SINGAPORE Singapore Bus Service Ltd broke a 15-year-old promise last week. It was a promise that perhaps should never have been made in the first place. The listed bus operator told shareholders they no
      530 words
    • Article
      Prima plans US$60m wheat mill in Vietnam
      426 5  -  From Harish Mehta SINGAPORE miller Prima plans to spend USS6O million (5597.8 million) setting up a major wheat mill in Vietnam. Talks on the project began early this year between Prima and the Vietnamese Ministry of Agriculture and Food Industry, and Vietnamese officials
      426 words
    • Article
      Lock icon Tan & Tan to stay with property
      362 5 Tan Tan to stay with property Bernama KUALA LUMPUR Proper-ty-based Tan Tan Developments Bhd, which is seeking a listing on the Main Board of the Kuala Lumpur Stock Exchange, will continue to make property development its core business in the next five years. Managing director Chan Cheu Leong said property
      Bernama  -  362 words
    • Article, Illustration
      Lock icon SUMMARY
      351 5 Source: Bridge Info Performance of STII's index stocks Apr 2 last S(IH lixle\ Slock sale h« factor no>fr* (S) \vimo 1.980 0 040 1.62 2.90 <"4< 6'00 5 49 Icrcbos 5.200 4 26 fAN IJ 500 0 500 1106 36.23 tiF \sia 3 100 -0 020 2 54 -I
      Source: Bridge Info  -  351 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Video conferencing system launched
          55 6 SINGAPORE Ssangyong Cement (S) Ltd said yesterday that its subsidiary Artel Technology Pte, has launched the first locallydeveloped video conferencing system. The system, known as Accet, is able to convert a personal computer into a desktop visual communications system for face-td-lace communications across the world. Accet
          55 words
        • Article
          Inno-Pac queried over BT article
          100 6 SINGAPORE The Stock Exchange of Singapore has asked lnno-Pacific Holdings to comment on a Business Times article titled "Shapadu to use lnno-Pacific to expand". It was asked to respond to the report that Shapadu will tie up the trading arms of Shapadu and Inno-Pac and
          100 words
      • Article
        Corrections & clarifications
        69 6 Corrections clarifications IN OUR ARTICLE on Thursday, "Basir Ismail steps down as Cycle Carriage chairman", we said that the chairman's position will be filled by Paduka Sallehuddin bin Mohamed. 60, who will also take over the chairmanship of CCL's listed property subsidiary, Malayan Credit Ltd. CCL has clarified that Paduka
        69 words
      • Article
        UNIT TRUSTS & FUNDS
        453 6 UNIT TRUSTS FUNDS Managers' prices Apr 3 Prudential Singapore Unit Trust F und 106 1,2 The Commerce 130 1.37 MARA-BuitMputn The Savings Fund I.II I.17xd First B'putra 1-63 1.68 S'porc Prog Fund 0.52 0.55 Second B'putra 1.61 1.66 S pore Sec Fund 0 86 0.90 Third B'putra 5.60 5.65 S'porc
        453 words
      • Article
        Lock icon KLM, SAS, Swissair and Austrian plan to merge by '97
        385 6 Reuter AMSTERDAM KLM Royal Dutch Airlines said it plans to merge with three other me-dium-sized European carriers by 1997, creating Europe's biggest airline. "Jan 1, 1997 is the target date for a full merger," KLM spokesman Hans Leijte told Reuters.
        Reuter  -  385 words
      • Article
        Exchange lifts suspension of trading on three more firms
        379 6  -  Indonesian share forgery scam From Maggie Ford in JAKARTA THE Jakarta Stock Exchange yesterday lifted the suspension on trading in the shares of three more listed companies whose shares have been involved in a forgery scam, leaving one company. PT Indah
        379 words
      • Article
        Lock icon HL Credit to acquire Zalik's 20pc equity in BHL Bank
        244 6 Bernama KUALA LUMPUR Hong Leong Credit Bhd (HL Credit) has proposed to acquire 22.286 million ordinary shares of Msl each fully paid representing 20 per cent of the issued and paidup share capital of Ban Hin Lee Bank Berhad from
        Bernama  -  244 words
      • Article
        DIVIDENDS ANNOUNCED
        1535 6 Patmrnt it Buokv Pa) dale close dale Acma f 7.S Jun 10 lun 22 Jul 5 Amtck Eng 20* I 6TE Apr 15 Apr 21 Apr >0 Apollo F 2.5 lun 21 Jun 25 Jul 15 Avimo 20* F I2.5TE Feb 17 Mar I Apr IS BAT 2I«
        1,535 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Closed Asean markets hold up insurers' expansion plans
        414 7  -  By Quak Hiang Whai SINGAPORE Local life insurers are keen to invest in the region. But expansion will take time because the financial services market in Asean is highly protected, says the new president of the Life Insurance Association (LIA). Andrew Tan,
        414 words
      • Article
        Lock icon HK investors thumb noses at environmentally friendly fund
        465 7 Reuter HONGKONG Environmentally friendly investment may be becoming more popular in many parts of the world, but Hongkong investors do not share the enthusiasm. Investment funds containing stocks which do not hurt the environment and are not tied to harmful products are
        Reuter  -  465 words
      • Article
        Lock icon India's central bank partly to blame for scam
        239 7 AFP NEW DELHI Indian Finance Minister Manmohan Singh has said administrative lapses by the central bank were partly responsible for the more than one billion dollar bank scam which rocked the country last year. Replying to questions from a parliamentary panel investigating
        AFP  -  239 words
      • Article, Illustration
        US$ weakens against major currencies
        504 7 DBS Bank weekly currency review US$/DM: Topping pattern seen The greenback broke out of last week's consolidation range of 1.6227 and 1.6496 early this week. The support level of 1.6120 failed to hold as the market broke through it easily on Wednesday night, forming a
        504 words
      • Article
        Lock icon Brent touches US$19.15 a barrel after cuts in Opec output
        272 7 ENERGY REPORT Reuter LONDON Futures prices for the world benchmark Brent Blend of crude oil have entered April looking stronger after news of Opec output cuts. Brent touched U5519.15 per barrel yesterday, 50 cents up from a week ago. Some
        Reuter  -  272 words
      • Article, Illustration
        Untitled
        1565 7 Ihu/f nciyhuJ mjt caUvlalrd a*ain\t S/nr't nip 14 IraJm* partnet Bay- uui /W5 US$/S$ forward rates Noon Apr 2 s$ Bid Oder 1-month 1.6297 1.6312 2-month 1 6278 1.6293 3-month I 6259 1.6274 6-month 1.6225 1.624$ Sounv (X Hi Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am yesterday; Singapore
        1,565 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        162 7 US DOLLAR sentiment was bearish yesterday as both US$/mark and US$/ycn made new lows for the week. The USS/SS opened at 1.6340-50 and proceeded to drift lower for the rest of the day as the market struggled to get out of long positions. It closed
        162 words
      • Article
        Lock icon London
        199 7 Reuter LONDON Disappointing US March employment data pushed the dollar down yesterday but it rallied late in Europe to post gains against the mark and yen. The dollar slipped to 113.40 yen and 1.5860 before recovering to close in Europe at 114.40 and 1.6040, up from Thursday's finish of
        Reuter  -  199 words
      • Article
        Lock icon New York
        83 7 AFP The dollar was mixed in early trading yesterday after the government released a report showing weak job growth in the US economy. Gold meanwhile rose 1.30 from Thursday's close to USS34O per ounce. Shortly after 9:00 am, the dollar was trading at 1.5930 German marks, up slightly
        AFP  -  83 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Nikkei up sharply in line with stocks
        1461 8 SIMEX REPORT Reuter SINGAPORE Simex Nikkei stock index futures ended sharply higher in active trade in line with the upward spiral of stock prices in Tokyo yesterday. The 225-share Nikkei Average was up 347.85 points or 1.82 per cent to 19.446.94, after briefly
        Reuter  -  1,461 words
      • Article
        Higher offering sends KL tin down by 11 sen
        946 8 COMMODITIES REPORT Tin The price of tin on the Kuala Lumpur Tin Market fell 11 sen to close at MS 14.29 sen per kg on higher offerings yesterday. Dealers said the market was down on selling pressure and European participation was
        946 words
    • Article
      COMMODITY PRICES
      1705 8 Rubber HAS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Scu (tonnes) Interest May 93 134 25 133.75 134.00 350 8/750 Jun 136 00 135.75 136 00 1.100 5.925 Jul 137.00 137.00 137.25 600 4.725 Aug 138 00
      1,705 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1157 9 14.3 AFTER a jittery start to the day, Australian stocks yesterday rallied to their highest close in 10 months on futuresrelated trading and positive economic news. Investors were soothed by Treasurer John Dawkins* statement that dividend imputation arrangements are safe and by his commitment to reduce the budget deficit,
        1,157 words
      • Article
        Manila
        521 9 +20.01 SHARES opened weak but closed strong yesterday as investors snapped up selected blue chips and mining issues ahead of next week's Easter holidays. The Manila Stock Exchange Composite Index rose 20.01 points at 1,480.30 on the strength of the commercial/industrial and mining indices, defying projections the market would
        521 words
      • Article
        Taipei
        589 9 153.45 TFIE stock market closed at a 12-month high in active, bullish trade yesterday as financial performed strongly, brokers said. The Weighted Index opened moderately higher and a late wave of buying pushed it up to close 153.45 points or 3.2 per cent higher at 4,948.62. Turnover was an
        589 words
      • Article
        Seoul
        346 9 15.76 STOCKS ended convincingly higher yesterday in brisk trade as a batch of indicators released recently showed an improvement in economic activities, brokers said. They forecast the market may face profit-taking today, but added general sentiment would remain strong. The market will be closed on Monday for a national
        346 words
      • Article
        New Zealand
        285 9 +0.04 THE share market closed flat yesterday with most of the leading stocks steady-to-better, but pressure remained on Brierley Investments. The financial difficulties of Britain's Queen's Moat has created uncertainty about the hotel industry in the UK and is affecting the BIL share price, Ord Minnett's John Rattrav
        285 words
      • Article
        Bombay
        62 9 +31.31 INDIAN stock prices edged higher yesterday after exchanges imposed restrictions on sales to support prices. Poor corporate results could drag prices on the Bombay index lower, analysts said. The Bombay Stock Exchange Index rose 31.31 points to 2,311.83. The bourse will be closed on Monday to observe the
        62 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        1080 9 Britannia Funds Sterling Cash Bid Offer M.m Cap Deposit 3* 5 300 38 5400 Mim Jerscv Gill 0 1401 0 2003 Mim Mat Warn *0 4800 »l 0200 I S$ Cash Income Plus Fund 10 0500 10 5400 PS Ketcrse Fund 5 2000 5 2100 Sterling Lquit) Euro Performance 0.45*2
        1,080 words
      • Article
        London
        613 9 -8.5 Share prices closed lower as a slide in BAT Industries shares on news of cigarette price cutting in the US by Philip Morris and falls on Wall Street snuffed out earlier solid gains. But traders and strategists said they expect the market to firm next week as institutions
        613 words
      • Article
        Paris
        97 9 -6.45 Shares were easier after a brief suspension due to a technical hitch, and the CAC-40 has slipped under 2,000. The CAC-40 Index was down 6.45, or 0.32.per cent, at 1,999.46. Paris Apr 2 Fr Air Lmuidr "000 4 00 Akatd Ansthom M*00 -4 0U It Vjuil JW00 I
        97 words
      • Article
        Stockholm
        113 9 -0.24 pc Shares hovered just under previous closing levels, waiting for the outcome of a key vote in parliament on lower unemployment benefits. "People want to be on the safe side and see that New Democracy really does not go against the government," a dealer said. New Democracy holds
        113 words
      • Article
        Frankfurt
        210 9 -9.83 Socks are likely to continue sliding next week, unless any fresh signals of rate easing come from the Bundesbank, traders said. The DAX index of 30 blue chip shares yesterday closed at 1661.75, down 9.83, or 0.59 per cent. In after-market trading on IBIS the DAX is unofficially
        210 words
      • Article
        Milan
        115 9 •1.04pc Shares fell in slow turnover, hit by the lira's fall to record lows against mark and position-squar-ing before weekend. The market awaits political developments and referendum on April 18. The MIB All-Share Index ends 1.04 per cent lower at 1,049, underlying trend eases 0.66 per cent. Milan Apr
        115 words
      • Article
        Zurich
        246 9 +0.6 Shares closed marginally higher ahead of the preEaster week, which should see prices move mostly sideways, dealers said. The market continued its recent consolidation, lacking factors able to move prices in either direction. Banks and chemicals recorded slight gains. After final calculation, the SPI index was 0.6 point
        246 words
      • Article
        Johannesburg
        364 9 -13 Gold shares ended at their highs yesterday as the market looked for further gains in the gold price over the weekend as it nudged above US$34O an ounce at the end of the session "Above US$34O (an ounce) and we will see good buying of golds, below US$336
        364 words
      • Article
        Toronto
        319 9 12.16 Stocks were mixed in early trade yesterday with Wall Street lending a weaker bias as equity markets trembled in the wake of a drop in US non-farm payrolls. "The world didn't like the (February) numbers out of the US at all," one trader said. The TSE 300 lost
        319 words
      • Article
        New York
        836 9 +4.33 Stocks were pushed lower in early trading yesterday by the release of unexpectedly weak employment data for March and a steep drop in Philip Morris shares. At 10.30 am (1530 GMT), the Dow Jones Industrial Average was down 12.70 points to 3.426.74 after one hour of trading.
        836 words
    • Article, Illustration
      Lock icon HONGKONG
      2978 10 Reuter STOCKS closed lower but a late round of bargain hunting by overseas buyers helped prices recover most of their losses, brokers said yesterday. The blue-chip Hang Seng Index ended 4.44 points, or 0.07 per cent, lower to end the week at 6,404.44 after lagging by more than 25
      Reuter; Source: Bridge Info  -  2,978 words
    • Article, Illustration
      Lock icon CHINA
      453 10 Reuter HONGKONG Strong selling sent most stocks to a lower close yesterday and the CLSA Shenzhen A Index finished down 0.91 per cent at 2,861.89. brokers said. There was a substantial sell-ofT on the B market, brokers said. The CLSA Shenzhen B Index lost 5.80 per cent to end
      Reuter  -  453 words
    • Article, Illustration
      Lock icon TOKYO
      2515 10 Reuter STOCKS ended sharply higher yesterday on widespread expectations that the government's planned economic stimulus package will kick start the economy. But profit-taking ahead of the weekend pushed prices off peaks, brokers said. Turnover ballooned to an estimated I.S billion shares, the highest since 1.63 billion on Nov 29,
      Reuter; Source: Bridge Info  -  2,515 words
    • Article, Illustration
      Lock icon BANGKOK
      1824 10 Reuter BANGKOK —Stock prices clawed their way higher in late afternoon thin trade, led by gains among major bank and property shares, brokers said. The SET index lost 5.43 points to 846.34 at the morning opening before gradually edged back up to close at the day's high at 857.20.
      Reuter; Source: Bridge Info  -  1,824 words
    • Article, Illustration
      Lock icon JAKARTA
      971 10 Reuter STOCKS closed mixed in fairly active one-session trade yesterday, bringing the Official Index 1.02 points down to 310.08. brokers said. They said profit-taking dominated the market after the exchange let further shares resume trading. Sampoerna gained 100 rupiah to 5.300. Indorayon closed unchanged from its last trade a
      Reuter; Source: Bridge Info  -  971 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2654 11 Source: Bridge Info Source: Bridge Info t»r Of iinriii Last Vol 1>»> I jst (>xii< l*i» High Low C umpwiy Sak (1100) Utah Ijjw Buyer Seller S C"»T S P/fc Nnil MALAYSIAN STOCKS ilnft I n 104 g MSB 50c 124 xd 121 5.0 0.8 1.3 620.0 I.
      Source: Bridge Info  -  2,654 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Composite Index ends at new high for the year
        5224 11 Bernama FRENZIED and bullish trading on the Kuala Lumpur Stock Exchange set three records yesterday. The Composite Index closed at a new high for this year at 651.45, 1.89 points above the previous high of 649.56. The Industrial Index closed 4.83
        Bernama; Source: Bridge Info  -  5,224 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Volumes surge on institutional, retail demand
        7250 12  -  By Magdalene Ng SINGAPORE Share prices surged across the board to an all-time high on heavy volumes as investors swamped the Singapore and Malaysian bourses with buy orders. The Straits Times Industrials Index, the market's barometer, soared 19.10 points to finish at 1.688.16, its
        Source: Bridge Info  -  7,250 words
      • Article, Illustration
        Lock icon Shangri-La Hotel
        62 12  -  HOT STOCK Quak Hiang Whai IT COULD be time to accumulate Shangri-La Hotel. The counter is heavily oversold, having fallen sharply from al; most $7 two years ago. Thei» are now signs of a trend reveiv sal. The stock is likely to be capped at 53.80, after which
        SOURCE: BRIDGE INFO  -  62 words
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      896 6 NOTICES 737-1166 Business heats up when you make the call and place an ad. ?w? C.A.T.S. 1737-***** IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EARTH DEVELOPMENT (S) PTE. LTD. (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed
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      Page 6 Advertisements Column 2
      499 6 IN THE MATTER OF THE COMPANIES ACT. CAP-SO AND IN THE MATTER OF LBT PTE LTD (In Voluntary Liquidation) MEMBER S VOLUNTARY WINDINO UP Al an Extraordinary General Meeting of the member, of LBT PTE LTD duly convened and held al SO Jalan Sultan #20-07 Jalan Sultan Centre Singapore 0719
      499 words
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      Page 6 Advertisements Column 3
      43 6 The Leading aims for the right media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAITS TAAES THE SUNDAY TWVES BUSINESS TIMES THE NEW PAPER l lAN HE ZAOBAO LIANME WANRAO SHINMIN OAKY NEWS BE RITA HAJMAN BERITA MMGGU
      43 words
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  • Page 8 Advertisements
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      117 8 SOTHEBY'S FOUNDF.D 1744 At m i I v- ,W J e Vm Fei'att (1888 1959) CRANK Hanging scroll; ink ami colour on paper Dated 1940 133 by b2.8 cm. 52 fry 24 in. HKSISO.I MM) 180.IMM) PREVIEW EXHIBITION OF FINE MODERN CHINESE PAINTINGS, JADEITE JEWELLERY CHINESE SNUFF BOTTLES to be
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      Page 8 Advertisements Column 2
      41 8 As and w hen the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead 737-1166 Business ~*iv Vs v heats up AiV when you make the call and \jf^ place an C.A.T.S. ad. 1737-H661
      41 words
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  • Page 9 Advertisements
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      70 9 REPORTING FROM THE ACTION ZONE Workstation leader Sun Microsystems jK|| •At Cebit, Europe's premier IT show, interest in is pushing into the PC world, I? multimedia products was lukewarm at best. Chip giant Intel and mayor PC vendors So how did Singaporean and other Asian firms do? have come out
      70 words
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  • Page 10 Advertisements
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      87 10 r— y YOUR MONEY IN A BOX. IT'S MORE RELIABLE THAN SHARES. tradition, tkey peaioiin beautifully every Jay for years on AND MORE PLEASING enJ (imli, ™n y >U w. c«JJ motion). TA T „r c 4 d c For an investment opportunity wofth listening to, came ivJ trie CAKB.
      87 words
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      38 11 PC price wars, Japan-style The future of the Japanese PC market may lie somewhere between an airport room and a hot bath, writes Helen Chang, reporting from Tokyo. Find out why. BusinesslT. This Monday, in Business Times 1
      38 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      92 12 Carrier's Sensual Curves Softlv and sensually curved, Cartier's Colisee watch is both classic and feminine. Art-Deco inspired, this jewel watch in vermeil comes with t colourful straps fitted with the characteristic Must de Cartier clasp. Fashioned with a quartz Vi? movement ensuring three and a half years of independent functioning,
      92 words
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  • SPORTS
    • Article, Illustration
      Lock icon Trevino, Stockton share lead
      547 13 The Seniors Tradition Golf AP SCOTTSDALE, Arizona Snakes and injuries didn't slow Lee Trevino and Dave Stockton during Thursday's opening round of The Tradition. Trevino, the defending champion, and Stockton finished with birdies to complete six-under-par rounds of 66 for a share of the lead of
      AP  -  547 words
    • Article, Illustration
      Lock icon Baseball gears up for the Tokyo bang
      547 13  -  There's big money behind the action, reports Michio Yoshida Michio Yoshida AP TOKYO Japanese baseball teams are paying big bucks reportedly more than US$l.5 million (552.5 million) each in hopes of a big bang at the plate from former US Major League sluggers
      AP  -  547 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Basketball
        46 13 Reuter NEW YORK Results of National Basketball Association games played on Thursday: New York Knicks 91 Cleveland Cavaliers 83; New Jersey Nets 95 Miami Heat 82; Sacramento Kings 117 Washington Bullets 97; Charlotte Hornets 102 Orlando Magic 93; Houston Rockets 121 Milwaukee Bucks 115. Reuter
        Reuter  -  46 words
      • Article, Illustration
        Lock icon Golf
        138 13 AP Reuter SCOTTSDALE, Ariz. Scores on Thursday after the first round of the US$B5O,OOO Seniors Tradition: 66 Lee Trevino. Dave Stockton 67 Jack Kiefer, Jim Albus, Gibby Gilbert. Gary Player, Charles Coody 68 Ben Smith, Bobby Nichols, Tom Weiskopf, Jim Colbert, George Archer, Bob Charles 69 Mike Hill, Ray
        AP; Reuter  -  138 words
      • Article, Illustration
        Lock icon Tennis
        395 13 Reuter Reuter AFP AFP OSAKA, Japan Results from the US$5OO,OOO Salem Open men's tournament on Friday (prefix number denotes seeding): Third round Stephane Simian (Fra) b Shuzo Matsuoka (Jap) 6-1 6-2; 5-Amos Mansdorf (Isr) b Jim Grabb (US) JPO ret.; 2-Michael Chang (US) b Greg Rusedski (Can) 6-2 4-6
        Reuter; AFP  -  395 words
    • Article
      Lock icon Stewart one stroke ahead in New Orleans tourney
      399 13 AP NEW ORLEANS For Payne Stewart, the biggest break of Thursday's opening round of the USSI million (551.64 million) FreeportMcMoßan Golf Classic was an early tee time. Stewart was already on the ninth hole on Thursday by the time the wind accelerated
      AP  -  399 words
    • SIDE LINES
      • Article
        Lock icon Bradley King leads second round
        125 13 AP MANILA Bradley King of Australia shot a course-record 7-under-par 65 yesterday and seized a one-stroke lead over Carlos Espinosa of Mexico after the second round of the Philippine Open golf championship. King conquered the par-72. 7.181yard Legends course of the Manila Southwoods Golf and
        AP  -  125 words
      • Article, Illustration
        Lock icon Fans mob soccer star Zico
        45 13 Reuter TOKYO Brazilian soccer great Zico (left) poses with Japanese soccer fans at an autograph signing event to commemorate the start of Japan's professional soccer league in Tokyo yesterday. Zico will play for Kashima Antlers, one of the professional teams.
        Reuter  -  45 words
      • Article
        Lock icon Tyson has no plans to convert
        71 13 AP INDIANAPOLIS Mike Tyson is learning about Islam in a prison study group but has no plans to convert to the religion, his teacher and lawyer say. Muhammad Siddeeq. a teacher in the Indianapolis public schools and a Muslim, said he had heard reports
        AP  -  71 words
      • Article
        Lock icon Mansell in flying scare
        127 13 Reuter PHOENIX, Arizona Nigel Mansell was involved in a frightening aborted landing of his privately-hired Lear jet on his way to this weekend's Valvoline 200 Indycar race at Phoenix, the second event in the Indycar World Series. The world drivers' champion, who switched from Formula One
        Reuter  -  127 words
      • Article
        Lock icon Crime bosses fight for boxing purses
        133 13 AFP WASHINGTON Huge fight purses are drawing organised crime into boxing, a former mobster told US senators here on Thursday. "Because the size of purses has gotten so big over the past 20 years, organised crime is more and more interested in getting back
        AFP  -  133 words
      • Article
        Lock icon Aussies name new players for test
        64 13 AFP SYDNEY Four test newcomers Michael Slater. Matthew Hayden, Wayne Holdsworth and Brendon Julian were named yesterday in Australia's 17-man cricket squad to defend the Ashes in England this year. The four youngsters were chosen at the expense of some of Australia's most experienced
        AFP  -  64 words
    • Article
      Lock icon Four proven powerhouses in NCAA semis
      449 14 Reuter NEW ORLEANS Four of the proven powerhouses of college basketball will be hooping it up tonight when North Carolina faces Kansas and Kentucky plays Michigan in the NCAA semifinals. There are no Cinderellas this time. For the first time, three topseeded teams made
      Reuter  -  449 words
    • Article, Illustration
      Lock icon A Rocket goes down
      34 14 Reuter HOUSTON Milwaukee Bucks Eric Murdock (left) knocking over Houston Rockets Scott Brooks during the first quarter of their game on Thursday. No foul was called on the play. Reuter
      Reuter  -  34 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1370 13 ati Firtt eta n** no_ Abu MwW GA860 0020 GA928 0305 MttMt SQ228 2015 Amman RJ187 0135 Amsterdam SQ319 0810 SQ342 2300 KL837 1545 KL838 2350 Auckland NZ21 1700 NZ22 1825 SQ286 2045 Bahrain Gf 148 0850 B Sari Bofawan BI421 1105 SQ182 0930 SQ181 1425
    1,370 words
  • Page 13 Advertisements
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      41 13 Fly Finnair's new Business Class to Europe. Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
      41 words
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      490 14 Vessel Voy Wo Berth Vmal Departure Jurong Port Afktts Princess V9301 J9 atongside 0304/0700 Auta Seraya AS/09/93 J2 atongside 0304/2000 Calatagan 9301 J1V16 alongside 0304/1100 Puiau Sumatera 04/93 C/3 alongstoe 03.04/1900 SCC 5 3/93 J2 atongside 0304/0700 Sense N9304A 17/8 atongside 0304/0600 Sinar Centra 08/93 J8/9 atongside
      490 words
    • Article
      CONTAINER SCHEDULES
      2378 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers aval able Ship Voy No Containers avaiabte E Better 18-285 01 04 93 0705 North Sea 07/410 COOlEST) 020*93 0700 Gwca 08 408 01 04 93 0715 T»ad*a 970 COOlEST) 0204 93 1500 Maha Bhum 151N *****3
      2,378 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      458 14 I CRYPTIC CROSSWORD 8 Miserable existence experi- j j j j j 9 The girl a beldame to some 1 Expresses disapproval at the Ib~~lhv~lh |h <l, "'^B*~lh~~|h LJ service accommodation (8) P^_J^ aa JL_pLjH__JH_JL-BI 12 Customer has legal right in 15 Is cross, troubled by cut (7) 21 One
      458 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Clinton appeals to Americans, Russians to back reforms
      459 15 Run-up to the Clinton-Yeltsin summit Reuter AFP WASHINGTON Even before his talks with Russian President Boris Yeltsin start. President Bill Clinton is trying to muster support for Mr Yeltsin's reforms among both Americans and Russians. Mr Clinton will meet Mr Yeltsin today
      Reuter; AFP  -  459 words
    • Article, Illustration
      Lock icon Tree's a crowd
      66 15 Reuter PORTLAND, Oregon Margie Mitchell spent April Fool's Day as a tree. But this was no laughing matter, for Ms Mitchell, Steve Forster (left) and Sharon Genasci were demonstrating their commitment to timber and environmental issues on the eve of President Clinton's Forest conference. The green trio
      Reuter  -  66 words
    • Article
      Lock icon EC to rethink accord on Japanese car imports if European sales fall
      352 15 AFP TOKYO The European Community will renegotiate its deal on Japanese car imports for 1993 if sales in the European market fall below predicted levels, EC Vice-President Martin Bangemann said here yesterday. Japan on Thursday agreed to cut
      AFP  -  352 words
    • Article
      Lock icon AZT has no effect in keeping Aids virus at bay: French researchers
      507 15 Reuter PARIS French researchers said yesterday they were back to square one in their search for a drug to halt the onset of Aids after a study showed the drug AZT had no discernible effect in keeping the
      Reuter  -  507 words
    • Article
      Lock icon Outcome could shape ties between Russia and West for years
      388 15 AP VANCOUVER Trading partners of the United States are paying keen attention to the outcome of this weekend's summit between President Bill Clinton and Russian leader Boris Yeltsin. And Americans are watching to see how their new president does on
      AP  -  388 words
    • Article
      Lock icon Slower US manufacturing rebound in March
      366 15 NYT NEW YORK A strong rebound in manufacturing lost some of its momentum in March, a survey of corporate purchasing executives shows. The survey, conducted by the National Association of Purchasing Managers and released on Thursday, is one evidence that economic growth in the
      NYT  -  366 words
    • Article
      Lock icon Yeltsin may propose developing 'plasma wars'
      191 15 Reuter MOSCOW Kremlin leader Boris Yeltsin may propose developing a new generation of anti-missile defence known as "plasma wars" during his summit with US President Bill Clinton, Russian news reports said on Thursday. The daily Izvtstia said the scheme, developed by scientists at the
      Reuter  -  191 words
    • WORLD WATCH
      • Article
        Lock icon Canada pushes Nafta ratification
        86 15 Reuter OTTAWA Canada's Conservative government used its majority to push legislation ratifying the North American Free Trade Agreement one step closer to final approval in Parliament late on Wednesday. Security guards removed noisy protesters from the Parliament during a preliminary vote in the lower House of
        Reuter  -  86 words
      • Article, Illustration
        Lock icon Tears for a senseless death
        120 15 Reuter WARRINGTON, England A policewoman weeping at the funeral of 12-year-old Timothy Parry killed in an IRA bomb attack on Mar 20. Britain has been shocked by the bombing, the latest in a sustained campaign of attacks on mainland Britain. The BBC in London was
        Reuter  -  120 words
      • Article
        Lock icon Clinton may miss health care deadline
        78 15 NYT WASHINGTON President Clinton probably cannot meet the deadline of May 3 that he set for sending Congress a detailed plan for reshaping the nation's health care system. Administration officials said on Thursday. The delay reduces the chances that the proposal will become law
        NYT  -  78 words
      • Article
        Lock icon UN sees US$100b in Gulf War claims
        73 15 UPI UNITED NATIONS A UN Commission charged with studying the losses of individuals and corporations during the Gulf War said on Thursday that it expects to ultimately receive at least one million claims totalling over US$lOO billion (SSI64 billion). The claims include those
        UPI  -  73 words
      • Article
        Lock icon Tentative truce pact reached in Croatia
        79 15 Reuter UNITED NATIONS The Croatian government and rebel Serbs have agreed in principle on a truce agreement that calls for UN troops to be deployed in flashpoints along the Adriatic coast, sources close to the talks said on Thursday. Under the new agreement. Croatia
        Reuter  -  79 words
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  • Article
    Lock icon Clinton attacks Republicans for blocking jobs Bill
    479 16 Senators' move threatens to derail economic package Reuter UPI PORTLAND, Oregon President Bill Clinton has attacked Senate Republicans in a major confrontation which threatens to wreck chances for the passage of his jobs Bill and derail his economic programme. The US$l6.3 billion (5526.7
    Reuter; UPI  -  479 words
  • Article
    Lock icon Tokyo defends trade policies against US criticism, calls for more open dialogue
    371 16 Reuter WASHINGTON Japan's Trade Minister Yoshiro Mori defended Tokyo's trade practices against a barrage of recent attacks by US officials and called for a more open dialogue between the two trading partners. Mr Mori told CNN's Mon-ey-line that
    Reuter  -  371 words
  • Article
    Lock icon US jobless rate steady but payrolls down last month
    231 16 Reuter WASHINGTON The US unemployment rate held steady in March at 7.0 per cent, but the slowing economy shed 22.000 jobs, the Labour Department said yesterday. The decline ended a strong pace of 367.000 new jobs created the prior month, the
    Reuter  -  231 words
  • Article
    Lock icon Yeltsin issues pre-summit plea to Russian business
    430 16 Reuter MOSCOW Russian President Boris Yeltsin marshalled support in his battle against conservative lawmakers yesterday. ahead of a weekend summit with his most powerful international ally. United States President Bill Clinton. Mr Clinton has said he will form a "strategic alliance" with Mr
    Reuter  -  430 words
  • Article
    Lock icon N Korea threatens reprisals over sanctions
    286 16 Reuter UPI TOKYO North Korea yesterday continued to threaten "strong" reprisal against the United States and other countries if they force sanctions against its refusal to accept inspections of nuclear sites. In Tokyo, Foreign Minister Michio Watanabc told reporters that an economic blockade would
    Reuter; UPI  -  286 words
  • Article
    Lock icon Japan's current account surplus rises 8pc to US$11.8b
    331 16 AP TOKYO Japan's surplus in its current account, a broad measure of international trade flows, posted a mild 8 per cent increase in February from a year earlier after surging 83 per cent in January, the Finance Ministry reported yesterday. The ministry
    AP  -  331 words
  • Article, Illustration
    Lock icon Workers across Europe go on strike
    684 16 Protesters angry at failure of govts to reverse rise in unemployment Reuter BRUSSELS Workers went on strike and took to the streets aeross the European Community yesterday in a wave of protests at the failure of governments to halt and reverse the steep rise
    Reuter  -  684 words
  • Article
    Lock icon Queen still tops list of Britain's richest
    331 16 Reuter LONDON Queen Elizabeth, set to pay income tax this year for the first time, remains Britain's richest person, a survey said yesterday. The Sunday Times newspaper said its annual survey of Britain's 400 richest people showed the Queen still topped the list,
    Reuter  -  331 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      36 16 m m Monday in Business Times The Right Connection Get in touch with the latest features of cellular phones other telecommunication equipment available. "Telemart", Classified on 6 April Mini-Ads on 7 April. Ifrgrfel I CATS. I
      36 words
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      Page 16 Advertisements Column 2
      14 16 Monday in Business Times Clinton appeals to Americans, Russians to back reforms, Pg IS
      14 words
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  • Executive Lifestyle
    • Article, Illustration
      Looking for the ties that bind
      1627 17  -  Singles in Singapore are becoming more favourably disposed to the SDU and other matchmaking agencies. Jaime Ee finds out why Jaime Ee U/X F COURSE I want M to get married. Who H says I don't want to U get married? Just because I
      1,627 words
    • STRAWS IN THE WIND
      • Article
        Working flat out
        81 17 THE THINGS journalists do to get stories. One female journalist was supposed to have dinner with a male colleague and a business contact, but her colleague was late. When he finally turned up, he found her lying on a row of chairs, being massaged frantically by the
        81 words
      • Article
        Lady Precious Frog
        58 17 TALK about inter-dialect confusion. A young man in China recently was guided by a Hongkong tai-tai who introduced her plump daughter to him as her "kar por", which means "family treasure" in Cantonese. The young man didn't understand Cantonese, but he did wonder why she called her
        58 words
      • Article
        Private legacy
        74 17 THE South China Morning Post recently ran a report about an English lord who, annoyed with his bank for disallowing him to cash in on his trust funds, altered his will to leave the bank his sex organs out of spite. You have to hand it to the
        74 words
    • OPINIONS
      • Article
        The need to take a stand
        943 18  -  Prizes for this year's Oxford and Cambridge Society letter-writing competition were presented last Saturday. Ruth Wan of Raffles Junior College won first prize with this letter addressed to Prime Minister Goh Chok Tong appealing to Singaporeans to break away from political apathy Ruth Wan
        943 words
      • Article
        Profiting from uncertainty
        722 18  -  The uncertainty over the future role or China's Communist Party may be beneficial to Hongkong, writes Clare Hollingworth Clare Hollingworth This article first appeared in the International Herald Tribune PROVIDING there are no major political hiccups, Chinese Prime Minister Li Peng and President Jiang Zemin will lead
        722 words
      • Article
        An unintended value judgement
        85 18  -  Gan Tjoen Hok Senior vice-president Republic National Bank of New York (Singapore) I REFER to Mr Shoeb Kagda's excellent article, "Time for another look at the yellow metal" (BT, March 27-28). The comment I made was "the bottomline is that gold is the only asset which
        85 words
      • Article
        Approached but not poached
        106 18  -  Lee Liat Cheng Chairman and chief executive officer Anglo-French Travel Pte Ltd YOUR SENSATIONAL reporting on "Inchcape Shipping loses Polish account to exchief' (BT, March 29) has created unnecessary misunderstanding. You may wish to know that I did not "poach" the POL account. I was "approached".
        106 words
      • Article
        Shareholders should have autonomous body
        181 18  -  LETTERS TO THE EDITOR R C Cooper MR TAN KOK TlM's letter. "Enact laws on cash disclosure" (BT. March 27-28), raises some interesting issues of importance to CPF investors in particular and shareholders in general. With the recent announcement that CPF investment rules would be
        181 words
    • PROFILE
      • Article, Illustration
        Lock icon A fairy tale made in Japan
        3682 19  -  As Japan eagerly awaits the June wedding of Crown Prince Naruhito to commoner Masako Owada, Murray Sayle assesses what it is that keeps the Japanese royal family, unlike the House of Windsor, out of the headlines but in favour with the public Murray Sayle
        Observer Magazine  -  3,682 words
    • Article, Illustration
      Missing: the man behind the myth
      717 22  -  Omenta Review By SUSAN TSANG EVERY now and again Hollywood produces a biopic about someone who has figured largely in contemporary American affairs. Sometimes the world at large knows a little about the character if it's, say, John F Kennedy. Occasionally, a little information
      717 words
    • Article, Illustration
      Bumpy flight to nowhere
      469 22  -  By SHAHIRON SAHARI PASSENGER 57 is one movie where you hope the villain wins in the end, such is the idiocy of the main character, the good guy, who is a walking, breathing, martial arts cliche. The last time 1 saw Wesley Snipes, who plays the
      469 words
    • Article, Illustration
      Village inspirations
      901 22  -  Susan Tsang finds herself irresistibly drawn into the wild, whimsical world of Thai artist Prasong Luemuang Susan Tsang MANY artists lead a schizophrenic existence. Often, the need to have an original style and the need to be accessible to buyers are at odds; how do you sell your
      901 words
    • Article, Illustration
      In the land of dreams
      1013 22  -  Travel Notes By JAMES MICHENER WRITING about Luang Prabang which means the Kingdom of the Divine Buddha is a dangerous proposition because most writers have tried to do it and failed. In the years before television, an insight into Luang Prabang could only be had
      1,013 words
    • Article, Illustration
      Less than Frank
      562 23  -  Video Review By RINGO LIEW THE STAGE of the Paramount Theatre is bare but for the orchestra and its leader, the legendary Benny Goodman. Turning to the microphone, he mutters by way of introduction two words that turn the audience of teenage girls into screaming banshees. As
      562 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • Article
          Lock icon Diet and exercise after menopause
          113 24 NYT BETTER DIET and exercise, along with quitting smoking, may help prevent some of the health problems that are more common after menopause heart disease, cancer and osteoporosis and may be safer than hormone therapy. The menopause specialists also said that women do not have
          NYT  -  113 words
        • Article
          Lock icon Better to put baby on side and back
          116 24 NYT TO REDUCE the risk of sudden infant death syndrome, healthy babies should be put to bed on their side or back, not on their stomach. Experts have demonstrated that sleeping stomach-down increases the risk of SIDS more than two-fold. The risk
          NYT  -  116 words
        • Article
          Lock icon Flu affects work performance
          116 24 NYT THE FLU may cause more than fever, aches and pains it may also impair your effectiveness at work. A new study gave volunteers a series of computer tasks to perform while they had the flu and again one month later when they had recovered. While
          NYT  -  116 words
        • Article
          Lock icon Keep active after your main meal
          154 24 NYT EATING your main meal of the day at lunch-time and snacking only once later in the day may reduce your risk of heart disease, according to a study that compared American and French eating habits. The French continue to work for more than
          NYT  -  154 words
        • Article
          Lock icon Cut down on Chinese preserved foods
          91 24 Health Singapore CHINESE preserved foods may be bad for you, since pickled vegetables, fermented bean products, salted fish, preserved eggs and sausages all contain sodium nitrate. This substance, while killing bacteria and hence preserving the food, may be changed by our bodies into nitrosomines
          Health Singapore  -  91 words
        • Article
          Lock icon Exercise to get rid of unsightly veins
          128 24 Health Singapore DO YOUR VEINS stick out like water-carrying canals whenever you wear a mini-skirt? Varicose veins, as any suffering woman will tell you, is caused by accumulated blood in an expanded vein. To arm your legs against developing these unsightly canals, exercise
          Health Singapore  -  128 words
      • Article, Illustration
        Sleep as much as you need to
        955 24  -  Sleep is serious business. Persistent insomnia is sufficient cause to seek psychiatric help, Susan 1 sang finds Susan Tsang A COLLEAGUE was puzzled: "I thought when you grow older you don't need so much sleep. I seem to need more and more." A
        955 words
    • PEOPLE
      • Article, Illustration
        Lock icon A night for luminaries
        157 24 IT WAS a glamorous night recently at the Singapore Tourist Promotion Board's annual tourism awards ceremony, with the best in the retail, hotel and entertainment industry being honoured for making Singapore a top tourist destination. Anyone who was someone turned up at the Wcstin Stamford Ballroom
        Photos by Chris Loh  -  157 words
    • TIME OFF
      • Article, Illustration
        Top-class nightspot with a non-existent boss
        973 25  -  Shahiron Sahari, recently in Hongkong, went club-hopping and pub-crawling to check out the action at some nightlife institutions there Shahiron Sahari JJ's is said to be the hottest nightspot in Hongkong, and according to several Singaporean Hongkongers, it's still the place to be if
        973 words
      • Article, Illustration
        Where nothing is allowed to slip away
        972 25 JJ's may be the hottest place in Hongkong, but even the manager there said that the place "you just have to visit is Joe Banana's". "It's an institution here, it's a crazy place," said Emmanuel Nony, a Frenchman, "but be prepared it's 99.9
        972 words
      • Article
        PERFORMANCES
        75 25 Young People's Theatre Festival The Tragedy of Macbeth On the hanks 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.
        75 words
      • Article
        CONCERTS
        249 25 Showcase of Violin and Guitar Ensembles Interested violinists are invited to attend this performance and sign up for Fiddling For Fun, a course for the young musician. Robert Luse performs. 4 pm today at the RELC auditorium. Admission is free. Tapestry Of Rhythms A concert of multiple percussion, four
        249 words
      • Article
        FILMS
        140 25 Westworld For SI.OOO a day. tourists can fulfil their animalistic fantasies by attacking automated robots in a theme park. But one day. an identified computer bug causes the robots to strike back. Yul Brvnner and James Brolin star. 8 April at 6.30 pm and V pm at the Goethe-lnstitut.
        140 words
      • Article, Illustration
        EXHIBITIONS AND TALKS
        916 25 A Soldier Remembers When the war was still on and Sentosa was still termed Blakang Mati. 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
        916 words
      • Article
        BUY YOUR TICKETS NOW
        201 25 Singapore International FHm Festival Postal bookings are now available for the festival which begins on April 16. Write to: Singapore International Film Festival, do Ticketcharge. 20 Kallang Avenue. Singapore 1233. From March 29. tickets will be available at Ticketcharge counters at all Metro stores. Wisma Atria.
        201 words
    • EPICURE
      • Article, Illustration
        Creature comforts by the river
        603 26  -  Bon Appetit By JAIME EE FOR THOSE who have always cussed every time they had to eat in un-airconditioned comfort, beware. A 1 fresco dining is catching on in Singapore. The trendsetters are no doubt the restaurants along Boat Quay, but that same concept has
        603 words
      • Article
        Bologna brings in the chefs
        410 26  -  By SUSAN TSANG RISTORANTE Bologna has brought in 10 Italian chefs to give us A Taste of Italy. What is the effect of so many chefs? We didn't try any broths, but the rest of the meal looked, if not novello, fairly nouvelle. After fresh
        410 words
      • Article
        A bay of clouds and wine
        578 26  -  Wine By N K YONG OF ALL the New Zealand wineries, the best-known must be Cloudy Bay in Marlborough County at the northern end of South Island. Founded in 1985 by David Hohnen from Western Australia, Cloudy Bay's Sauvignon Blanc 1985, its first vintage,
        578 words
    • Article, Illustration
      CINEMA
      1061 28 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. Failed to win Oscars for Best Picture and Supporting Actor (Nicholson). Yishun 10: 10.50; 4.05;
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      219 17 H EHZIIUIZI .ij m" r V CALL, TOLL-FREE I 0(333-300 3230 L HONG LEONd FINANCE k 0333-BSD 3333 SINGAPORE FINANCE BURB E R R Y 'ISffc-' b|p W ip r |M( <>;-. K > y Jy' n jp I 1 1 CTJpf IP MBI is <4* KOI B v Saz
      219 words
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      505 18 ■f Vzft? SING INVESTMENTS FINANCE LIMITED /saE.\ (Incorporated in the Republic of Singapore) 96 Robinson Road, SIF Building, Singapore 0106. The Directors of Sing Investments Finance Limited and its Subsidiary Company (The Group) are pleased to make the following announcement (I) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1992
      505 words
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      Page 18 Advertisements Column 2
      26 18 BT welcomes letters from you. Please address them to: The hditor. Business l imes, 390 Kim Seng Kd. S'pore 0923. letters should include your contact numbers.
      26 words
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      Page 18 Advertisements Column 3
      41 18 The Outstanding contends only with the right media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PATE* UANK ZAOAAO UAN»« WANftAO SHF4MN QA*V NEWS BERfTA MAHIAN BERITA WMNGGU
      41 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      60 18 DOONESBURY GARRY TRUDEAU P(JKS! PUT IT? A 60,51 P. THE RESCUE CREMJ tUONI REACH HOLD IT, PUKE, 1 CUR PROJECT THECAONSUN- ME FOR ATLEAST A UJEEK,,SO WHAT CREW DON 7 WORRY, MO vpau IHIOPEVa- PER 60 FEET OF TM OFF TO KJLL SOMETIME IN WHAT IF NO I'VEQOTIT CFM&ner? snouianpice.
      60 words
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  • PERSONAL FINANCE & INVESTMENT
    • BULLS EYE
      • Article, Illustration
        BT SENTIMENT INDEX (APRIL 5-8)
        330 20 Those polled on their view oj the Singapore stock market for the week ahead: Baring Securities. Daiwa Securities Singapore, DBS Management, Kay Hian James Capel, Kim Eng Securities. Morgan Grenfell Asia Securities, Peregrine Securities, Phillip Securities, OCBC Securities. Tat Lee Securities, UOB Securities and WI
        330 words
      • Article, Illustration
        In my opinion...
        139 20  -  George M Douglas Director and head of quantitative equity C S First Boston Investment Management Group UW7 e are positive about US equiV T ties for the next 12 months. The expanding economy will mean higher earnings. Inflation is also at a moderate level. And the companies
        139 words
    • Article, Illustration
      Venturing into uncharted territory
      1543 20  -  Genevieve Cua finds Venture Manufacturing's MD brimming with confidence and analysts guardedly optimistic CTOCK Genevieve Cua AFTER the euphoria of an 82-per cent rise in earnings, what do Venture Manufacturing and its investors have to look forward to? While the stock remains cheap, with 1993 and
      1,543 words
    • Article, Illustration
      Lock icon A strong heart's needed to play in Seoul
      881 20  -  Although the Korean stock market appears attractive, S N Vasuki advises learning the rules before rushing in S N Vasuki THE BEST kept secret among foreign investors last year was the booming Korean stock market. While media attention was focused on soaring
      Source: Morgan Grenfell  -  881 words
    • Article, Illustration
      How to pay more for your purchases
      1275 21  -  Kooi Cho Teng compares the costs involved in the seemingly convenient ways of buying now and paying later Kooi Cho Teng HIRE purchase or higher purchase price? While many see hire purchase (HP) as a way to enjoy the finer things in life
      1,275 words
    • Article, Illustration
      Slow moving, so clubs resort to discounts to attract
      344 21  -  BT Golf Index By Kooi Cho Teng The heyday of goifclub memberships may be over. While visitors trickled to the just-ended Golf Asia exhibition, even fewer signed up with the dozen or so golf clubs at the fair. Faced with the
      344 words
    • Article
      ACU deposit rates offered by various banks (as at Apr 1, 1993)
      1111 21 Next publication date: May 1, 1993 Deposit amount l-wk l-mth 3-mth 6-mth Amex Bank cs S$5.000- US$20,000 3.2500 3.3750 3.5000 3.9375 Above US$150,000 4 0000 4.1250 4.2500 4 6875 ECU Below US$50,000 0.0000 8.5625 8 2500 7.7500 Above
      1,111 words
    • Article, Illustration
      Lock icon A stock rally soon, a S$ dip later
      810 21  -  Quak Hiang Whai meets a financial consultant who sees the STII testing 1,800 Quak Hiang Whai SINGAPORE stocks have yet to rally this year. Investors should therefore see current dips as opportunities to buy. So says Roger A Portnoy, chief global strategist
      Source: Tele Trac  -  810 words
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      Page 23 Advertisements Column 1
      145 23 FOR MORE THAN 2000 YEARS, MAN HAS BEEN SEARCHING FOR THE PERFECT ■^ggfrggsss?^ -■—ll —TlE NOW BANG OLUFSEN BRINGS IT INTO YOUR LIVING ROOML I s&ML&iaa H»' KH&" N Ml Beosystem AV 9000 Surround Sound Is as old as entertainment Itself. But our new fully AV integrated entertainment system delivers
      145 words
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      39 24 The Knowledgeable goes for the right media and the right company. Classified the people finder THE STRAITS TIM£S THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER HAN HE ZAO6AO UANME WAN RAO SHINMIN DAILY NEWS BERITA MARIAN BERfTA MINGGU
      39 words
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  • Page 26 Advertisements
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      562 26 Category Women's Women Open Junior Veterans Open Junior Veterans [Bj AH |TiWfl IMI (No age (40yisA (No ape QOyisfc PByrs k above) brat) below) above) Team m m m m m n*. 0 ■OISmWSI laSlia •TeamNamefifany) Five persons may farm a team and enter the team event without affecting the
      562 words
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      1378 27 Beats A Buda IfIHV/lfll where to wine, dine and entertain or Alan Ng, food writer Zaobao,"lt s j high tea of distinct difference from those we had tried locally." Why go Penang? Princess Terrace Cafe introduces Penang High Tea with favourites like Penang Laksa, Fried Kway Teow, Bubur Hitam, Ang
      1,378 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      2512 28 TODAY'S TV ini r"* 8.00 Size Small. u[lr]lMlllKlHim 8.30 abc. LI 9.00 Children's Club. Tutur TinuUr, 3.30pm, SBC 5 Wonders In China, 9am, SBC 8 10 00 jj'jjjjj' Scooby Doo Set against the the A look at the Tibetan f 10.30 Robotech. gasari kingdom, this period farmers, the Shanghai Night
      2,512 words