The Business Times, 10 April 1993

Total Pages: 20
1 20 The Business Times
  • 14 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, April 10-11 1993 75"
    14 words
  • 467 1 Reuter KUALA LUMPUR Some Malaysian stock brokers, worried by a week of record-break-ing speculative trading, have ordered a cooling-off period by restricting clients' share purchases, industry sources say. Brokerages have curbed remisiers from trading beyond set limits and from buying for clients
    Reuter  -  467 words
  • 573 1  -  Forex, stock and futures trading volumes set new highs in first quarter By Alvin Tay SINGAPORE The financial services sector continued to experience good growth in the first-quarter, judging from latest figures which show trading volumes in Singapore's foreign exchange, stock and futures
    573 words
  • 138 1 Bloomberg Business News BEIJING A panel of the Chinese government's 20 top economists has recommended single-digit growth this year, warning that a higher rate could lead to a sudden downturn, the Economic Daily reported yesterday. Summarising the results of a recent symposium, the
    Bloomberg Business News  -  138 words
  • 463 1  -  By Conrad Raj SINGAPORE Hongkong may be bigger but contrary to talk in some quarters, the fund management industry in Singapore is far from moribund. Figures issued recently by the Monetary Authority of Singapore showed a 44 per cent jump in
    463 words
  • 394 1  -  By Yong Pow Ang SINGAPORE The Fuzhou municipal government is encouraging Singapore investors to develop an industrial park in the city solely for Singapore small and medium-sized enterprises. Fuzhou's party secretary Xi Jinping said at the Singapore Chinese Chamber of Commerce and
    394 words
  • 266 1 SINGAPORE The Stock Exchange of Singapore approved for listing a dozen companies in the first quarter of this year. They are expected to raise about $700 million, sources said. This means it should be a bumper year for new stock listings as only
    266 words
  • 210 1 Reuter WASHINGTON Four US planes were attacked by ground artillery yesterday while patrolling the no-fly /one in northern Iraq but returned to base safely, the US State Department said. Spokesman Richard Boucher said the planes three Fl6s and one
    Reuter  -  210 words
  • 2am LATEST
    • 81 1 Reuter WASHINGTON President Bill Clinton will ask Congress to extend special authority to complete negotiations of a new global trade agreement by the end of the year, the White House said yesterday. Mr Clinton will seek to extend "fasttrack" 4 negotiation authority for the General
      Reuter  -  81 words
    • 75 1 (AP) WASHINGTON The White House said yesterday that the international arms embargo remains in effect for former Yugoslavia. It described the attempted smuggling of ammunition in a United Nations relief shipment for Bosnians as an unfortunate and apparently •'isolated incident". "The parties so far
      (AP)  -  75 words
  • Page 1 Advertisements

  • THE REGION
    • ASIA NOTES
      • 53 2 AFP MANILA The Philippines and Singapore may hold regular joint military exercises if a proposal by the Philippine detenee seeretary is approved. The Manila Chronicle newspaper yesterday quoted Defence Secretary Renato De Villa as saying he made the proposal during President Fidel Ramos' visit to Singapore earlier
        AFP  -  53 words
      • 75 2 UPI TOKYO Kim Jong 11, son and heir apparent to North Korean President Kim II Sung, was elected yesterday as chairman of the National Defence Committee in his seemingly unstoppable rise to succeed his ageing father as the communist nation s supreme leader. The
        UPI  -  75 words
      • 61 2 Reuter LONDON Circus entertainer Barry Wall, 55, a performer for 35 years, showing off part of the act he puts up for Gerry Cottle's Xanadu travelling show. Due to opposition from animal rights activists and local councils, Cottle has sold his Big Top to his
        Reuter  -  61 words
      • 80 2 AFP JAKARTA Indonesian authorities yesterday discharged a general who was at the head of the special military operational command in East Timor when the Dili massacre took place in 1991. The Antara news agency said Brigadier-General Rudolf Samuel Warouw had been honourably discharged from the forces.
        AFP  -  80 words
      • 89 2 UPI JAKARTA General Edi Sudradjat, commander of the armed forces, said yesterday that the purchase of up to 100 of advanced British Aerospace Hawk jet fighters is merely an idea. The official news agency Antara said Gen Sudradjat s statement came in response to
        UPI  -  89 words
      • 89 2 Reuter TOKYO Japanese power companies are crowing about their latest solution to spring-time power failures caused by nesting birds. The daily Asahi Shimbun reported yesterday that workers of Tohoku Power Electric Company had installed 150 purposebuilt crow houses atop pylons and succeeded in luring about 50
        Reuter  -  89 words
    • 168 2 Reuter TOKYO A domestic political scandal, US pressure and economic reality are raising hopes of reform in Japan's scandal-tainted public works arena, but industry analysts caution change will be neither swift nor dramatic. "There may be reform on paper, but the reality
      Reuter  -  168 words
    • 526 2 NYT TOKYO The Japanese government has begun a vigorous defence of a huge new spending package to jump-start the economy and ease political pressure from Washington, even though details of the plan will not be announced for another week. No
      NYT  -  526 words
    • 241 2 AFP WASHINGTON The United States is not ready to normalise relations with Vietnam as long as missing US servicemen in that country remain an unresolved issue. A United States official said on Thursday that President Bill Clinton was
      AFP  -  241 words
    • 356 2 AP WASHINGTON An Iranian military delegation is in North Korea to finalise the purchase of 150 new missiles with the range to hit Arab countries in the Gulf and Israel with conventional and chemical warheads, an Iranian opposition source
      AP  -  356 words
    • 282 2 AFP TOKYO Japan's agriculture ministry said yesterday that the Ciatt proposal to drop the ban on rice imports was unacceptable and needed to be changed. The ministry issued its opinion in a White Paper, two days after new Foreign
      AFP  -  282 words
    • 512 2 UPI BANGKOK India and Thailand are to discuss possible cooperation in the generation of nuclear energy, the two countries said in a joint statement issued yesterday at the end of an official visit by Indian Prime Minister P V Narasimha Rao.
      UPI  -  512 words
    • Article, Illustration
      48 2 Reuter HANOI A street barber, wearing a home-made lighting head gear, cleaning a customer's ear as an extra service. There are hundreds of street barbers around the Vietnamese capital. They charge 3,000 dong (about Ss.so) for a hair cut and 1,500 dong for extra services. Reuter
      Reuter  -  48 words
    • 383 2 UPI, Reuter UNITED NATIONS The Security Council has issued a low-keyed statement expressing concern over North Korea's refusal to open its facilities to nuclear inspectors and asking for further negotiations. But the 15-member body took no action on the insistence of China, which
      UPI,; Reuter  -  383 words
    • 404 2 AP NEWARK. New Jersey Lawyers for the Philippine government say former President Ferdinand Marcos was bribed by the Pittsburgh-based Westinghouse Electric Corp to win a nuclear reactor construction contract. When the dictator landed in Hawaii to begin his exile in 1986. he brought
      AP  -  404 words
  • Page 2 Advertisements
    • 144 2 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0Q43 FAX:734 3698 HAW PAR BROTHERS INTERNATIONAL LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, mislaid or destroyedCertificate In The Name ol No. ol Nos. Shares *****20-4 The Estate of Henry Oh, Deceased 1 x 687 *****59
      144 words

  • THE WORLD
    • 535 3 Agency has neither eased nor tightened credit policy in seven months, say economists Reuter w j NtW YORK The policymaking arm of the United States Federal Reserve, under the guidance of chairman Alan Greenspan, this week set a record for the longest period
      Reuter  -  535 words
    • 63 3 Reuter VOLKEL, Netherlands No, this is not at the neighbourhood karaoke competition. These men are the ground personnel of the Dutch airbase here, and were in attendance as an F-16 reconnaissance jet Tighter took off on Thursday. Four planes of the 306 th squadron left for the airbase
      Reuter  -  63 words
    • 313 3 Reuter BONN The German government, anxious to avert a threatened engineering strike in eastern Germany, urged unions and employers on Thursday to adopt a new pay system combining fixed basic wages with a profit-related component. But the giant 1G Metall union kept
      Reuter  -  313 words
    • WORLD WATCH
      • 103 3 AFP JERUSALEM The Palestinian delegation to Arab-Israeli peace talks will respond next Friday to an official US invitation to visit Washington for consultations ahead of a planned resumption of negotiations, delegation spokeswoman Hanan Ashrawi said. The peace talks, which the US wants to see resume on
        AFP  -  103 words
      • 63 3 AFP DENVER. Colorado A jury acquitted a convicted counterfeiter accused of resuming his illegal business after his lawyer argued that the blue, smudgy counterfeit bills were too low quality to be his. John Martin Gonzales' lawyer showed the jury a counterfeit bill used to convict
        AFP  -  63 words
      • Article, Illustration
        108 3 Reuter GIZA, Egypt Egyptian policc patrol the area around the three Pyramids of Giza on the western edge of Cairo, Egypt's greatest tourist attraction, where an explosion injured two workers after a crackdown on Muslim militants. The militants have attacked policc. Christians and foreigners in an attempt
        Reuter  -  108 words
      • 104 3 Reuter WARSAW Poland's secret service has foiled an attempt against the life of President Lech Walesa, a spokeswoman for the service said yesterday. Irena Popoff declined to give any details but confirmed a Warsaw newspaper report on the attempt. "I can confirm what the
        Reuter  -  104 words
      • 65 3 AP ST PETERSBURG. Russia After two weeks of furious insults, death threats, street protests and legal jockeying. Russia's most controversial 10 minutes of television are back on the air. Anchorman Alexander Nevzorov and his show 600 Seconds were banned two weeks ago after
        AP  -  65 words
    • 444 3 Reuter BONN Germany narrowly escaped a government crisis and isolation within Nato by winning Supreme Court approval for its first combat missions abroad since 1945. The court ended days of mounting tension and speculation about Chancellor Helmut Kohl's shaky coalition by
      Reuter  -  444 words
    • 322 3 Reuter PARIS France's new prime minister Edouard Balladur, having sought consensus, won a cautious welcome from nearly all sides for a policy speech to parliament that vowed to tackle unemployment and revive a sluggish economy. Fellow conservatives, opposition leaders and
      Reuter  -  322 words
    • 196 3 Reuter WASHINGTON The White House signalled on Thursday that President Bill Clinton plans to snub Ukrainian Prime Minister Leonid Kuchma later this month to protest Ukraine's failure to ratify nuclear arms treaties. Mr Kuchma is scheduled to visit the United States
      Reuter  -  196 words
    • 362 3 Reuter KIEV An explosion at a reprocessing plant in Siberia shows that Russia cannot assume responsibility alone for its nuclear power industry or former Soviet nuclear weapons. Ukraine's environment minister. Yuri Kostenko. said in an interview on Thursday that the incident near the Tomsk-7
      Reuter  -  362 words
    • 317 3 NYT MOSCOW Despite a new round of appeals and incentives from the West to push for economic reform. President Boris Yeltsin is raising wages, increasing spending and issuing cheap credits for bankrupt industries as part of his campaign to
      NYT  -  317 words
  • Page 3 Miscellaneous
    • 69 3 ktILig.MiWBiIBBWB Regular rUT-reea H*X_/T THRe£. CHeeBS FOR BRITISH V -U-£.G^OO.. H.-SPeeORA.L £«2555»e&.*. Vrf.^l— S AvifcTRFMN H*S fT _J. IP" JPFX v pwz W6 yvi 8099 C ASSOCIATED NEWSPAPERS LTD.. 195M991 v&»~ I POONESBURY GARRY TRUDEA r I'M HONEY HUAN, [HERE'S A I SE£ HE'S YES, SIR. a MR. YSS* SIR,MEPIACOOR~
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  • WORLD FOCUS
    • 694 4 Clinton's 1994 Budget NYT WASHINGTON When President Clinton appealed to Congress to eut the deficit, his proposals were so effective that lawmakers, in their initial deliberations on the budget, outdid the President. Now, their apparent zeal to control government spending jeopardises some of Mr Clinton's
      NYT  -  694 words
    • 425 4 Proposals include US$3OO million rise in aid to Russia Reuter WASHINGTON The US$2l.6 billion (5535.4 billion) foreign affairs budget proposed by President Bill Clinton on Thursday seeks to redirect increased funds to new areas such as aid to Russia, international peacekeeping, halting the spread
      Reuter  -  425 words
    • 549 4 AP WASHINGTON President Bill Clinton had complained that former President George Bush played with figures to make the deficit get worse. But in just two months, Mr Clinton's own projection for the deficit over five years has grown by US$3l billion (5550.8
      AP  -  549 words
  • Page 4 Advertisements
    • 244 4 DATE: April 17,1993 TIME: Ipm 2pm PLACE: Raffles City atrium I Sign up for The Big Walk during the i. Tips on walking by tar 11 1 *1 bit u/m vim Singapore's topcoach Walkshop session and win these prizes: PIW Wft" w Derek De Souza and other SUNDAY MAY 23
      244 words

  • COMPANIES & MARKETS
    • 396 5 TDB-linked group plans brokerage to help Chinese firms get listings abroad SINGAPORE New China Hongkong Group- (NCHK). a company which counts among its shareholders the Singapore Trade Development Board and Nat Steel Ltd. has proposed to redevelop railway stations in major
      396 words
    • 322 5  -  By Schutz Lee SINGAPORE Listed United Engineers Ltd is looking at development projects in old Malacca town. Group general manager Kong Mun Kwong said: "We have not crystallised any specific projects, but we are interested in looking further and may eventually participate in
      322 words
    • 251 5 Bernama KUALA LUMPUR Proper-ty-based Bangi Resort and Development Corporation Sdn Bhd (BRDC) is investing between MS3OO million (SSIB9 million) and MSSOO million in an integrated development project at Bandar Baru Bangi, near here. Director Kenneth Soh said the project,
      Bernama  -  251 words
    • 266 5 Bernama KUALA LUMPLR Timah langat Bhd has reported a substantial group pre-tax loss of N153.52 million (552.18 million) for the year ended Dec 31, 1992, from a profit of M 52.29 million in 1991. The company said yesterday that group turnover was reduced marginally to
      Bernama  -  266 words
    • 818 5  -  B\ Lee Han Shih SINGAPORE Now that second-liners are in vogue, it is perhaps time to take a good look at a much-neglected one among them Singapore National Printers Ltd (SNP). Since it was listed on Singapore's second board.
      818 words
    • 317 5 KUALA LUMPUR The restriction on the export of logs from Sahah will be lifted gradually. Primary Industries Minister Lim Keng Yaik said yesterday. "Certain companies which fulfil the criteria of having a concession, involved in downstream activities, and have been recommended
      317 words
    • 322 5 Bernama KUALA LUMPUR US group Goodyear Tire Rubber Co will invest MSSB million (5536.5 million) to expand the production capacity of its Malaysian operations under Goodyear Malaysia Bhd. Chairman and chief executive officer Stanley Gault said yesterday that, under the expansion exercise,
      Bernama  -  322 words
    • Article, Illustration
      371 5 Performance of STII's index stocks Apr 8 1JISI Sense Index Slotk sale hse factor moters (Si (S> S S \timo I «)ftO 0010 I 51 -5 (10 (&C ft*X) 5-61 tcrctNK 5 44K) 4.W F&N 12 400 -0 200 10 4N 100 00 <.h \mj 2(K) 00*1 :«i -20
      371 words
    • COMPANIES
      • COMPANY BRIEFS
        • 86 6 Bloomberg Business News TAIPEI The Taiwan Glass Industrial Corp. Taiwan's largest glass manufacturer, has applied to the laiwanese authorities to invest NTS2O million (SSI.2 million) in a joint venture in the eastern Chinese industrial city ol Qingdao. an official said yesterday. Taiwan Glass will control
          Bloomberg Business News  -  86 words
        • 84 6 Reuter WASHINGTON The White House has proposed a fiscal 1994 US budget on Thursday that would tax commodity trades and boost corporate America's contribution to securities regulation. As part of a detailed US$l.5 trillion (552.4 trillion) budget package, the Clinton administration said it will propose
          Reuter  -  84 words
        • 88 6 Bloomberg Business News TOKYO Pacific Metals Co Ltd. Japan's largest manufacturer of ferronickels, had unrealised losses on securities holdings of 2.065 billion yen (5529.5 million) in the year ended March 31, the company said yesterday in a statement. The amount represents 104.6' per cent of
          Bloomberg Business News  -  88 words
        • 53 6 Knight-Ridder TOKYO Japanese Finance Minister Yoshiro Hayashi said yesterday the ministry will not sell shares ot Nippon Telegraph and Telephone at least during the current fiscal year. Mr Hayashi. speaking to reporters after a regular Cabinet meeting, said: "We will freeze NTT share sales
          Knight-Ridder  -  53 words
      • 183 6 Bloomberg Business News TOKYO Toshiba Corp, one of Japan's largest diversified electronics producers, has begun reviewing over a third of its product lines to eliminate less profitable lines and control costs, a spokesman said yesterday. A company project team headed by senior
        Bloomberg Business News  -  183 words
      • 489 6 South China Morning Post HONGKONG The Securities and Futures Commission (SFC) has called for tougher internal controls at brokerage firms to tackle the growing problems of money laundering and fraud. The call follows the start of an SFC investigation into Hongkong-based Kingly
        South China Morning Post  -  489 words
      • 506 6 Reuter TOKYO Profits at Japan's top carmakers should halt their dive in the new fiscal year. But firms that coped the best last year may not be smiling most this year. Weak sales and the strong yen will plague carmakers
        Reuter  -  506 words
      • 285 6 AFP SYDNEY Media tycoon Kerry Packer may be close to a takeover bid for rival John Fairfax Holdings after doubling his stake in a AS7S million (SSB6 million) raid on the share market. Analysts said yesterday his purchase of 36 million Fairfax
        AFP  -  285 words
      • 231 6 UPI NEW YORK Sony Software Corp said it is considering a significant expansion of its businesses in Thailand following recent meetings with government and business leaders in Bangkok. The company said on Thursday that the expansion could occur in its music or movie business.
        UPI  -  231 words
      • 495 6 UNIT TRUSTS FUNDS Managers' price* Apr io 12 Prudential Singapore Unit Trust ,nl1 Fund l w 114 The (ommcrcc I JO 137 MARA-Bumiputra The Savings Fund III I |7*d Firsl B putra 165 170 S pore Prog Fund 0 51 0 56 Scoond Bputra 163 I 68 S pore See
        495 words
      • 1524 6 Payment Ex Books Pay (S) dale close date Acma F 7.S Jun 10 Jun 22 Jul S Amtek Eng 20* 1 6TE Apr 15 Apr 21 Apr 30 Apollo F 2.S Jun 21 Jun 2S Jul IS Avimo 20* F I2.5TE Feb 17 Marl Apr 15 Berjaxa Group
        1,524 words
    • FINANCE
      • 528 7 Bloomberg Business News TOKYO Japan's huge institutional investors are reducing their securities holdings in the United States and Europe for fear of further foreign exchange losses from the yen's relentless appreciation, analysts and fund managers said yesterday. As they lick their wounds from recent painful
        Bloomberg Business News  -  528 words
      • 421 7  -  Reports by Alan Boyd in BANGKOK THAILAND has approved its first credit rating agency in what is being seen as a significant boost for the sluggish capital markets despite claims that the government's selection procedures are too strict. The
        421 words
      • 387 7 INSURANCE firms in Thailand have been threatened with government fines if they fail to provide new compulsory third party cover for motorists. The policy, introduced this week partly in response to soaring road accident figures, has been spurned by insurers because
        387 words
      • 270 7 Reuter NEW YORK The head of the Commodity Exchange Inc has callcd again for a merger and consolidation with other US exchanges, saying the move is vital and would save millions of dollars. Chairwoman Donna Rcdcl said on Thursday that threats to the US
        Reuter  -  270 words
      • 283 7 Reuter TOKYO As the calendar turns into April. Japan's big banks are unanimous in their fiscal new year's resolutions sober living and less overseas adventure. Still handicapped by a heavy burden of bad loans three years after the end of the "bubble economy", the banks
        Reuter  -  283 words
      • 267 7 Bloomberg Business News SAN FRANCISCO BankAmcrica Corp will increase its intangible assets by up to US$l.5 billion (552.4 billion) when it reports its first quarter results, a move which DufT Phelps says could reduce the financial flexibility of the banking giant. The increase, much
        Bloomberg Business News  -  267 words
      • 145 7 Bloomberg Business News PARIS The Bank of France will be granted independence in monetary policy by this summer, new French Economy Minister Edmond Alphandery said in an interview on Europe 1 radio yesterday. The move, promised during the recent election campaign,
        Bloomberg Business News  -  145 words
      • 249 7 Reuter LONDON 3i Group pic. Britain's leading venture capital company, says chairman Alan Whcatlcy has asked to leave after the firm put off indefinitely its £1 billion (552.4 billion) stock market flotation. 3i. owned by the Bank of England and the country's major clearing banks,
        Reuter  -  249 words
      • Article, Illustration
        1386 7 Interbank rates 3pm. Apr 8 Against SS Vgainsl I S$ Against SS Against US$ urrtncifs Bid Offer Bid Offer (urrfcifs Bid Offer Bid Offer Local dollars to one unit of fort-ign currency: French franc 29.7421 29.7713 5.4650 S f67o Honokone dollar 21 03 21.04 7.7320 7.7330 Australian dollar I 1536
        1,386 words
      • SMALL CHANGE
        • 105 7 Reuter LONDON The London High Court on Thursday appointed outside administrators to run an Asian-owned institution. Roxburghe Bank Ltd the third such bank to run into problems in Britain since last October. Tony Lomas and Colin Bird, of accountancy firm Price Waterhouse. were
          Reuter  -  105 words
        • 93 7 South China Morning Post HONGKONG The Hongkong Bank of Canada, wholly owned by HSBC Holdings, says it has reached an agreement to acquire ANZ Bank Canada which had total assets of CSII7 million (SSISI million) as of Feb 26. Hongkong Bank of Canada
          South China Morning Post  -  93 words
        • 108 7 Reuter TOKYO The Export-Import (Ex-Im) Bank of Japan will participate in establishing Los Angles Export Terminal Inc (LAXT), the bank said. The Ex-Im Bank will take a 10 per cent stake in LAXT's total capital worth USSI2O million (SSI9S million). Signing will take place on
          Reuter  -  108 words
      • 258 7 Reuter BOMBAY A cautious halfyearly credit policy that India's central bank has just unveiled will help revive recession-hit industries and improve commercial banks' profitability, bankers and industry spokesmen said on Thursday. "We welcome the policy because it is aimed at providing more funds
        Reuter  -  258 words
    • COMMODITIES & FUTURES
      • 1484 8 SIMEX REPORT SINGAPORE Simex Euroyen interest rate futures ended mixed itter a session of light trade yesterday with activity dampened by the ibsenee of players due to the Good Friday holiday. Simex traded only the Euroyen md Nikkei Index futures yesterJay. Trade in
        1,484 words
      • 970 8 COMMODITIES REPORT Tin TIN price on the Kuala Lumpur Tin Market ended two sen lower at MS 14.27 per kg on higher offerings yesterday. Dealers said the market was easier on lack of buying demand following the Easter holiday
        970 words
    • 1690 8 Rubber Aprs RAS Commodity Exchange (futures dosing is at 1pm) MS (physical prices) RSS 1 Contract (S ccnts/kg) Buyers Sellers Close Volume Open (S ccnts/kg) Month High Low Sell (tonnes! Interest RSS 2 May 93 132.50 133 50N Ma> 93 134 00 133.50 134 00 8.500 3.825 4
      1,690 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 4990 9 Bernama KUALA LUMPUR Late speculative buying amid heavy profit-taking ahead of the weekend took share prices here to a narrow-ly-mixed to slightly steadier close in moderately active trading yesterday. The KLSE Composite Index dipped further by 1.99 points to 655.24 but the Main Board
        Bernama; Source: Bridge Info  -  4,990 words
    • REGIONAL STOCK MARKETS
      • 533 9 -78.02 Stocks closed lower across the board and turnover shrank as many players stayed sidelined, believing the market had entered another consolidation after failing to break decisively above the key 5.000-point level. The weighted index spent most of the session lower amid a lack of buying interest, and ended
        533 words
      • 306 9 +7.86 Stocks closed firmer in active trade as investors held on to the prospects of impending economic recovery, brokers said. The composite stock index closed yesterday's trading 7.86 points higher at 702.93. Seoul Apr 9 »onCOO) Anam Electnc Ind 1*5 undi Aium Ind Ml 2 Ankuk Imurancr 7 00
        306 words
    • Article, Illustration
      2386 9 Reuter TOKYO Stocks ended slightly lower in see-saw trade, with profit-taking and late dealer position squaring ahead of the weekend depressing prices. However, bullish sentiment remained ahead of a major government economic stimulus package due next week, brokers said. The 225-share Nikkei average was down 75.09 points or 0.38
      Reuter; Source: Bridge Info  -  2,386 words
    • Article, Illustration
      1783 9 Reuter BANGKOK Institutional buying of major bank shares in the closing minutes of trade pushed up the Thai share index which had been static for most of the afternoon yesterday, brokers said. The SET index gained almost four points in the last five minutes, closing at 862.71, up 4.22
      Reuter; Source: Bridge Info  -  1,783 words
  • Page 5 Advertisements
    • 340 5 Looking For S***/ Mpw mi P'l iIvVV ssss Investment Making foreign money pay Tired of watching interest rates on your Singapore fixed deposit shrink to nothing? Missed the stock market rally? Take another look at the ACU deposit. It may not be the money machine of five years ago, but
      340 words



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    • 532 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 r IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GREAT UNIVERSE BUILDING SUPPLIES (PTE) LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
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  • SPORTS
    • 802 10  -  Tom Withers finds the soccer legend confident that the US will host a super 1994 World Cup Soccer Tom Withers UPI NEW YORK As a youngster, Edson Arantes do Nascimento hated his nickname so much he would fight his classmates when they'd refer to
      UPI  -  802 words
    • 952 11  -  The 57th US Masters Jaime Diaz reports on the player who is intent on putting the disasters of last year behind him Golf Jaime Diaz NYT AUGUSTA, Georgia Against the tide of age. lacklustre play and widespread scepticism, Jack Nicklaus, 53, once again turned back
      NYT; Reuter  -  952 words
    • TOURNAMENT DIARY
      • 100 11 AFP AUSTRALIAN Brett Ogle, a newcomer to the Masters, had high hopes after reaching the turn four-under-par on 32 on Thursday, thanks largely to an eagle two at the third. However, he was not happy with his two-under 70, saying he felt he should have "shot
        AFP  -  100 words
      • 54 11 AFP. HISTORICALLY speaking. Chip Beck's 1993 Masters golf challenge was over before it started on Thursday in Georgia. Beck won the Par-three Contest at the Augusta National Golf Club course on Wednesday afternnon with a score of 21. The winner of the Par-three exhibition has never gone on
        AFP.  -  54 words
      • 74 11 AFP JACK NICKLAUS. whose six Masters titles are spread through the *****. 70s and 80s, said the difference between "then and now" was the fitness and attitude of today's professional golfers. "Twenty years ago, guys did not work out." he said, adding: "In the old days people talked
        AFP  -  74 words
      • 90 11 AFP SWEDEN'S Anders Forsbrand is back at the Masters for the second year in a row. This time, he's actually playing. Last year, Forsbrand arrived in Augusta with a camera crew. "It was the first time I'd ever seen the course and I was commentating for
        AFP  -  90 words
      • 41 11 AFP SPAIN'S Seve Ballesteros, winner of the Masters in 1980 and 1983, opened with a disappointing two-over 74 here on Thursday but said it had nothing to do with his bad back but rather with his bad driving. AFP
        AFP  -  41 words
      • 115 11 MASTERS fans still remember the greats of another era and show up in big numbers each year to renew their adoration. It happened again on Thursday at 8.15 am when a huge crowd jammed the tee box area on No 1 to watch Gene Sarazen, Sam Snead
        115 words
    • SCORE CARD
      • Article, Illustration
        68 11 Reuter NEW YORK Major league results Thursday: National League Montreal Expos 14 Cincinnati Reds II; St Louis Cardinals 2 San Francisco Giants I; Pittsburgh Pirates 5 San Diego Padres 4; Atlanta Braves 6 Los Angeles Dodgers I. American League Chicago White Sox 9 Minnesota Twins 4; DetroitTigers 3 Oakland
        Reuter  -  68 words
      • Article, Illustration
        63 11 Reuter NEW YORK NBA results Thursday: Detroit Pistons 100 New Jersey Nets 98; New York Knicks 110 Boston Celtics 88; Miami Heat 117 Milwaukee Bucks 92; San Antonio Spurs 112 Los Angeles Clippers 108; Houston Rockets 95 Utah Jazz 90; Los Angeles Lakers 87 Golden State Warriors 81; Portland
        Reuter  -  63 words
      • Article, Illustration
        356 11 Reuter Reuter AFP AUGUST A, Georgia First-round scores at the Masters Tournament at Augusta National Golf Club on I hursday (US unless noted, a amateur): 67 I>ee Janzen. Jack Nicklaus. Tom Lehman. Corey Pavin. Larry Mize 68 John Huston. Raymond Floyd, Bcrnhard Langer (Ger) 69 Ted Schulz, Craig Parry
        Reuter; AFP  -  356 words
      • Article, Illustration
        119 11 AFP TOKYO Fifth-da) results in the US$l.l9 million Japan Open Friday (x denotes seeds): Men's singles quarter-finals Pete Sampras (US x 2) b David Whcaton (US xlO) 6-3. 3-6, 6-4; Hcnrik llolm (Swe x 5) b Neil Borwick (Aus) 6-2. 6-3; Wally Masur (Aus x 6) b Todd Woodbridgc
        AFP  -  119 words
    • SIDE LINES
      • 87 11 AP HATTIESBURG. Mississipi Jeff Cook, in his fourth month on the PGA Tour, had 10 birdies on Thursday during a round of 6-under 64 to take the first-round lead in the Deposit Guaranty Golf Classic. Playing with 127 others under the long shadow of the
        AP  -  87 words
      • 47 11 Reuter BARCELONA Top seed Andre Agassi of the US returning a backhand to Javier Sanchez of Spain during their match in the third round of the Conde de Godo ATP tennis tournament. Agassi beat Sanchez 6-3 7-6. knocking him out of the tournament.
        Reuter  -  47 words
      • 128 11 AP ATLANTA US Vice-President Al Gore, decked out in an Atlanta Braves jacket and cap. threw out the ceremonial first pitch on Thursday night before the Braves' home opener against the Los Angeles Dodgers. His toss to Atlanta catcher Greg Olson was straight, but low
        AP  -  128 words
      • 123 11 AFP BEIJING Beijing's sports minister is happy to view China as the underdog among the six countries bidding to host the 2000 Olympic Games, the China Daily said yesterday. "I would rather think the five other cities are stronger than us. so as to let
        AFP  -  123 words
      • 98 11 AP KALAMAZOO. Michigan Magic Johnson has rebuffed nearly all requests for information about his former sex partners sought by attorneys for a woman who maintains the retired NBA star infected her with the Aids virus. On Tuesday, US Magistrate Doyle Rowland rejected requests by attorneys
        AP  -  98 words
      • 102 11 Reuter YAOUNDE Cameroon's soccer squad departed on Thursday for a key game against Niger, unhappy at the appointment ot an unpopular sorcerer. State radio said sports ministry officials decided to send a sorcerer "with a bad record and a gift for melodramatic incidents". It gave
        Reuter  -  102 words
      • 56 11 AP ATLANTA The Atlanta Knights plan to start goalie Manon Rheaume when the International Hockey League team plays Cincinnati tonight, making her the first woman to start a regularseason pro hockey game. Rheaume played one period of an exhibition game for the Tampa Bay Lightning last
        AP  -  56 words
  • SHIPS IN PORT
    • 517 10 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurone Port Grace 1 9301 P07 10 04/1000 10 04/1900 ArtteDawn 12 alongsde 1004/1 WO Hong Huat ***** P04 1004/1930 HM/1400 Hati Hasan B 1/93 117/18 alongside 10.04/1800 177S P02 0904/1500 'OM/IWO Oteochem I J5
      517 words
    • 2344 10 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Shp Voy Wo Containers avaiablt Shp Voy No Containers avaiUMt Arktis Grace 9314N 08 04 93 0740 Sum Bay 20N COO(EST) 09 04 93 0/00 Anson *****N 08 04 93 0940 Vigour Pac<t 15H8 COOtEST) *****3 1500 Kota Wirawan WRN023 08.04
      2,344 words
  • Page 10 Miscellaneous
    • 400 10 I CRYPTIC CROSSWORD I 1 Sneak giving indication that iHf is an obvious clue (4-4,4) —JH— rT--8 Aspiration to have a woody i I I I j j j j j J area as a shelter (7) 18 -9 9 One complains with anger or excitement (7) j 11, expected
      400 words

  • 1375 11 Oft rum gk nm n»_ Hkm WaM GA929 1120 MHiMi S0228 2120 Amman RJI87 0135 Amrtertlam KL837 1445 KL838 2310 SQ323 1725 toijjmi NZ21 1820 NZ22 1935 SQ286 2030 Bahrain GF148 0905 B Scri Betawaa BI421 n05 SQ182 0915 SQ181 1410 E9422 1205 Bt429 2030 BI430
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  • Page 11 Advertisements
    • 49 11 I Fly FinnaiVs 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.
      49 words

  • 604 12 Reuter PHNOM PENH Japan's defence chief Toshio Nakayama yesterday hinted that Japanese troops assisting UN peacekeeping activities in Cambodia might quit the country if violence ahead of next month's polls worsens. "It is natural to consider a suspension of support once
    Reuter  -  604 words
  • 399 12 Reuter PARIS Economy Minister Edmond Alphandery, fleshing out a keynote speech by France's new conservative Prime Minister, yesterday promised lower interest rates to help pull the country out of recession. But he also admitted that higher taxes would be needed to
    Reuter  -  399 words
  • 500 12 AP MOSCOW President Boris Yeltsin warned yesterday that if he loses the referendum on confidence in his leadership, extremist forces in Russia will assume power and "the entire world will shudder". If he wins the April 25 balloting and voters also
    AP  -  500 words
  • 357 12 AFP BONN Members of the Group of Seven (G-7) industrialised countries must bear their "share of the burden" of aid for Russia. German Finance Minister Theo Waigel said yesterday before a G-7 ministerial meeting on the subject. Mr Waigel
    AFP  -  357 words
  • 238 12 Bernama KOTA BARU Police yesterday rejected the application for a rally today in front of the Istana Balai Besar to protest against the Kelantan Sultan's involvement in politics. Inspector-General of Police Tan Sri Hanif Omar said the Kelantan Chief Police Officer, Mohamad Sedek
    Bernama  -  238 words
  • 312 12 Reuter ATHENS The 11 countries of the Black Sea Economic Cooperation organisation agreed yesterday on the share capital for a regional investment bank, which they want to create as the backbone of a newly established pact. The Greek chairman of a
    Reuter  -  312 words
  • 301 12 AP WASHINGTON Consumer priccs edged up only 0.1 per cent in March, helped by the smallest increase in mcdical care costs in nine years, the government said yesterday in a report that eased inflation worries. The slight, seasonallyadjusted increase in
    AP  -  301 words
  • 38 12 Reuter TOKYO Policemen arresting activists trying to attack a VIP motorcade during a security mock-up in lok>o on I hursday in preparation for next week's Group of Seven meeting and the forthcoming royal wedding. Reuter
    Reuter  -  38 words
  • 275 12 AFP WASHINGTON A top Pentagon doctor has maintained that homosexua|ity poses no significant medical threat to the United States military. according to a report published yesterday. The claim by Dr Edward Martin, Assistant Defence Secretary for Health Affairs, is expected
    AFP  -  275 words
  • Page 12 Advertisements

  • Executive Lifestyle
    • 1166 13  -  Mark Graham finds the sense of community alive and thriving in the Malay Quarter of Cape Town Mark Graham Mark Graham is a Hongkong-based journalist who contributed this article to Executive Lifestyle. AMID all the turbulence caused by South Africa's apartheid system of displacing communities,
      Photos by Mark Graham  -  1,166 words
    • STRAWS IN THE WIND
      • 79 13 WHATs in a brand name? A lot, according to the New Scientist magazine, which compiled a list of unfortunate brand names of products around the world. For example, there's a toilet paper in Germany called Bum, a soft drink in Ghana called Pee Cola and a French high-fibre
        79 words
      • 65 13 HERE'S the latest joke going around China. There are now five types of journalists there: I) those who run a business by the side; 2) those who play the stockmarket; 3) those who sell ads; 4) those who freelance for other publications; S) and those who are the
        65 words
      • 45 13 A MEMBER of the Nature Society recently received her membership card and was most amused to see "Please return for renewal" printed on the bottom of the card. She's a life member. "Someone in the society must believe in reincarnation," she remarked wryly.
        45 words
    • OPINIONS
      • 890 14  -  Since the name of a rape victim is not revealed in the newspapers, Ramesh Divyanathan says the name of the accused should likewise be kept confidential until he is proven guilty. Schutz Lee says, however, that the fact that a man
        890 words
      • 724 14 Recently, there were calls to reveal the identity of women should their charges of rape turn out to be false. Conversely, it was argued that the identity of alleged rapists be withheld until they are proven guilty in a court of law. This issue
        724 words
      • 203 14  -  LETTER TO THE EDITOR David Tong How Heng Certified Public Accountant Singapore 0207 I REFER to The Bottom Line column written by Agnes Chen and headlined "The Big Six vs small firms: when will the infighting stop?" (BT, April 6). I believe the
        203 words
    • Article, Illustration
      952 16  -  Cinema Review By SUSAN TSANG EVER HIT those periods of extreme mis- M ;ry? When the weather and everything is ?leak, and you are so disgruntled with t, your lot that even your name doesn't U| seem right? Enchanted April begins on this dispirit- K ;d note. It
      952 words
    • 571 16  -  By AUDREY TAN CLICHES abound in Forever Young, Mel Gibson's starry soppie about romance in the face of cryogenics. Ail-American, blue-eyed Daniel McCormick (Gibson) has everything a man could possibly want a challenging job testflying B-255, a best friend (George Wendt) and a fulfilling relationship with
      571 words
    • 1168 16 Ever wondered how the Easter egg and bunny came into being? Jaime Ee l^e stors ot H Hatch, the rabbit's egg. won its colours IN THE beginning, there was an egg. It was just an ordinary, unassuming t egg. the kind that accepted
      1,168 words
    • 1112 16  -  Travel Notes By P Y Van AUSTRALIA'S Great Barrier Reef needs no introduction, and day trips there are amiable options when non-divers hold the purse strings. Operators like Quicksilver Diving Services, for instance, will arrange for a pick up from Cairns to Port Douglas
      1,112 words
    • 627 17  -  CD Review By RINGO LIEW ROD STEWART: Rod Stewart, Lead Vocalist It's hard to keep a good Mod down, and Rod Stewart proves it again with a new release. The music on Rod Stewart. Lead V ocalist harks back to the Scot's days with the JefF
      627 words
    • EPICURE
      • 642 19  -  Bon Appetit By JAIME EE MOTHERS, certain spouses and carnivorous friends make terrible dining companions when you want to eat Japanese, ie. sushi, sashimi and anything else that will not stand the taste of heat. They are the people who, if they're not extolling the
        642 words
      • 506 19  -  By JAIME EE OUR TRAIL for cooked Japanese food led us to a new place in Holland Village called Manpuku Tei. It's a small, easy-to-miss outlet along Lorong Mambong, beside the Coffee Club, which in turn is beside a new North Indian restaurant called Shayray.
        506 words
      • 733 19  -  Wine By N K YONG IT IS given to very few to become legends in their time. One such very precious human being is Robert Mondavi, whose name is synonymous with Californian wine, more specifically Napa Valley wine. Robert Mondavi (or Bob as he
        733 words
    • TIME OFF
      • 145 19 Lao Jiu (A Play In English) Translated by Kuo Pao Kun and directed by Ong Keng Sen, this is a significant collaboration between English and Chinese theatre in Singapore. The ninth child and the only son of a traditional Chinese family, Lao Jiu fights against his fate as the
        145 words
      • 136 19 Lunchtime Concert Yuuki Wong, the youngest Singaporean to be admitted to the Yehudi Menuhin School, performs with Margaret Chan and Lim Ai Hooi. April 12 at the Victoria Concert Hall. 12.45 pm. Admission is free. Chamber Concert by Tang Quartet A performance of Mozart's Quartet in E flat Major,
        136 words
      • 462 19 The Blue Planet Produced in cooperation with Nasa. this takes you on a trip to space where the Earth seems suspended in a limitless void. Travelling over the planet, we see the Straits of Gibraltar, the sand dunes of the Namib Desert and the snow-capped mountains of the Himalayas.
        462 words
      • 519 19 Abraham Ortdius A look at the Dutchman who put Singapore on a printed map for the first time in 1570. A famous cartographer. he produced the famous Theatrum orbis terrarum, widely regarded as the world's first atlas. On at Antiques of the Orient. #02-40 Tanglin Shopping Centre.
        519 words
      • 142 19 Memories Australian Aboriginal Art Sally Morgan displays her prints and paintings which capture the aboriginal spirit and celebrate the art of a traumatised people. On till April 14 at the Gallery. Admission is free. Discussion Of Sally Morgan's Work An open discussion on how local artists view
        142 words
      • 103 19  -  Compiled by Audrey Tan Singapore International Film Festival Postal bookings and counter sales are available for the festival which begins on April 16. Write to: Singapore International Film Festival, c/o Ticketcharge. 20. Kallang Avenue. Singapore 1233. Ticketcharge counters: all Metro stores. Wisma Atria. Tangs and Centrepoint.
        103 words
    • Article, Illustration
      1044 20 Bingo. Bingo the dog runs away from a circus in search of a family. He meets Chuckie. who hides the pooch because he can't have a dog. When the family moves, Bingo crosses the country to find the kid, meeting oddballs on the way. Yishun 10: 10.40; 12.40; 2.40;
      1,044 words
  • Page 13 Advertisements
    • 220 13 T bn 0 a H-hour 'Loan Information Servtc* 6 Approval 83*855 m 1800 334 3588 8 0 o*3 3 4 3 6 8 8 REVERSO. AVANT-GARDE SINCE 1931. MM THE LIVES ON IN REVERSO "GRANDE I Our masterWATCHMAKERS NEVER ON THEIR NEITHER ON OUR OVER 150-YEAR TRADITION OF MAK- v/l)
      220 words

  • Page 14 Advertisements
    • 275 14 HOW MANY TIMES CAN YOUR HEART BEAT IN 64 SECONDS? Mt There's only one way to find out. Test drive And it does it safely, with sophisticated the Subaru Legacy RS Turbo. independent suspension featuring antidive/ Al n< antilift geometry, advanced 4 channel ABS Because in 6.8 seconds, the Legacy
      275 words
    • 56 14 BI welcomes letters r r Egs from you. Please |pl j S address them to: C r The Kditor. 1 J Business l imes, p C L 390 Kim Seng Rd. J J S S pore 0923. Letters L L <> should include your J J rnntart numbers. -SSI V
      56 words

  • PERSONAL FINANCE & INVESTMENT
    • BULLS EYE
      • 480 15 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 L apel. Kim Eng Securities. Morgan Grenfell Asia Securities, Ong Company, Peregrine Securities, Phillip Seairities. OCBC Securities, Tat
        Source: Fidelity Investments  -  480 words
      • 220 15  -  Christopher Chong Research director Kay Hian James Capel •441 nvestors now adopt I ing a wait-and-see atJL titude should consider getting off the sidelines and maximising their returns. Owing to the low interest rates, investment can find higher yields in equities. The Singapore stock market is going
        220 words
    • 1212 15  -  STOCK By Teh Hooi Ling HIGH visibility and name recognition are Informatics' most valuable assets. "Almost everybody has a brother or sister or a sister-in-law who has taken computer classes there some time or other," reckons Vickers Ballas analyst Timothy Wong. The homegrown company
      Photo by Chris Loh  -  1,212 words
    • 893 15  -  LEARNING By Paul Leo WARRANTS, you might say, are creatures extremely attached to their mothers. Put simply, a warrant is an option to buy a specific share the mother share at a fixed price, also known as the exercise price. Like a child, the
      893 words
    • 787 15 Next publication date: May 8. 1993 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Ranking u at Apr 5, 1993 Singapore Straits liwes I.86 10.74 24.95 19.3* 13.22 Credit Lyonnais Singapore Gr 28.07 69 0 00 7 12.50 2 37 14
      787 words
    • 468 15 Highly-paid stock analysts may face new competition for their jobs, or so Bloomberg Business Ne*s predicts. The magazine, published by Bloomberg Financial Information Services, notes in its April issue that feng shui may be carving out its own niche in brokerage houses. Traditional
      468 words
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  • Page 18 Advertisements
    • 582 18 Nothing Beats A Bud. [£^3| OF HIGH TEA AT CAFE CAROUSEL Adult $10.80++ Child $&80++ You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes, at our high tea buffet. Only on Saturdays and Sundays from 1 3pm to 5.30pm. f i (safe i i Qrnmsel
      582 words
    • 294 18 WHERE TO WINE, DINE AND ENTERTAIN Make Up For Every Meal You've Had To Skip This Week A If you've been living on a solid diet of work-and-not-much-else lately, give yourself a well-earned rest and head for the Plaza Hotel's Seafood-Theatre Restaurant this weekend. Select any item from our special
      294 words
    • 289 18 i-Taste dritcacies from Champagne Ai lop of the M. you can Artlenne, and Paris During April. Parisian ham. and more. will be served! ondteMP t missed t So make your reservations. It s a double treaw* For reservationt, I w ACuliwv_To«rol FraKej IS^jURDA^SreC^CU^^ II Coffee House Is a weekend treat
      289 words


  • Page 20 Miscellaneous
    • 2368 20 TODAY'S TV IB 1.00 Sin Smalt. ■■roTTTVH g.30 abc. Bmjymi Bilii&iiyMS 9.00 CMklreu's Club. Kmm Kiri ON 1, 3.30pm, SBC 5 Wonders In CtMM, 9am, SBC 8 10 £J£ Rima Melati a woman who The Flower 10.30 Rebotech. loves to poke her nose where it ang the night bazaar of
      2,368 words