The Business Times, 15 May 1993
1993-05-15
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The Business Times
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Title Section15 1993-05-15 1 SINGAPORE Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, May 15-16 1993 75®15 words
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833 1993-05-15 1 A J Leow - By A J Leow SINGAPORE Local developers seem so confident property prices will shoot up further that they have submitted record bids in the latest government tender for 99year residential and commercial land sites. HDB figures released yesterday showed that property tycoon833 words
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Article, Illustration514 1993-05-15 1 William Chia - From William Chia in JAKARTA NEW RULES to improve liquidity on the Jakarta Stock Exchange (JSE) and to better protect minority shareholders are to be introduced to make the Jakarta bourse more attractive. In an interview with Business Times, Bacelius Ruru, the514 words
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Article, Illustration560 1993-05-15 1 Amy Balan - From Amy Balan in SHANGHAI THE WORLD, cspccially the United States, has yet to appreciate the implications of China's massive transformation to a modern economy. There is no understanding of the real deep problem in China and how it could break up560 words
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Article, Illustration234 1993-05-15 1 Reuter BEIJING China yesterday announced a rise in interest rates to take cflect today, designed to fight inflation and cool an overheating economy. The People's Bank of China. the country's central bank, announced that the rate paid for fixed deposits wouldReuter - 234 words
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2am LATEST
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79 1993-05-15 1 Reuter WASHINGTON US President Bill Clinton's proposed economic programme will reduce US gross domestic product bv ncarlv USSI4O billion (***** billion) between 1994 and 1998 unless the Federal Reserve cuts interest rates quickly and substantially, according to a study released by the AmericanReuter - 79 words
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62 1993-05-15 1 Reuter PALE, Bosnia Bosnia's rebel Serb leaders rejected a declaration by a pan-Serbian assembly yesterday calling on them to accept an international peace plan. "This parliament has not contributed anything important to the whole situation, especially since a large group of deputies walked out,"Reuter - 62 words
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69 1993-05-15 1 Reuter BONN German Chancellor Helmut Kohl, under fire from industry for pursuing a new state insurance plan to cover chronic illness, said yesterday he could accept a phased introduction of the programme. Mr Kohl told a business conference he would stick by aReuter - 69 words
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Article, Illustration112 1993-05-15 1 Stock market indices KrMay Change Sill 1.863 39 +4.68 K.LSE Composite 720.00 +1.96 Nikkei 20.4 74.15 -58.63 Hang Seng 7.005.29 -103 47 SEr Index 881.39 +4.07 Jakarta Composite ...323.55 +1.71 CLSA China 13 1.266.84 -4.08 AuslAIIOrd 1.698.5 +4.1 FISE 100 2.847.0 -2.3 KrMay Pre»io« I lam close Dow112 words
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Page 1 Advertisements
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Advertisement22 1993-05-15 1 Lifestyle Cover Story The movie game EL l p'f: m Singapore stockmarket closes week with three highs in a row, Pg 1222 words
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Advertisement8 1993-05-15 1 Closed-end funds Is the timing right? EL 48 words
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Advertisement18 1993-05-15 1 Stock Watch Mixed signals from investors EL 4 Jakarta to divest stakes in 50 state enterprises, Pg 318 words
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Advertisement350 1993-05-15 1 Hock Lock Siew i I j ft*. ijjj Murdoch stirring up a storfnw Post Publishing? ft 5 China to focus on macro economic controls, Pg 3 One of the great designs of this century And probably the next. V El 9 j| w»' m The Ru\*U Oak. hand made and350 words
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Advertisement68 1993-05-15 1 Art The eves of Deng Lin Lit*. 7 1*. v'Vrx. f CONTENTS N«ws Companies S pore News 2 S poreM sia 5.6 Regional News 3 Financial 1 World News 4 Features Markets Imrestment £1.45 OobW.St.SES 11.12 OpvMXts El 2 Reponal 9 Sports 13.14 Worid 10 TV Lifestyle EL 12 Currencies68 words
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SINGAPORE NEWS
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Article, Illustration413 1993-05-15 2 Yong Pow Ang - The Singapore delegation's visit to Suzhou Reports from Yong Pow Ang in SUZHOU SLF INTERNATIONAL, the wholly-owned subsidiary ot Singapore Labour Foundation. signed a memorandum of understanding yesterday with the Suzhou municipal government to develop a golf elub and413 words
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277 1993-05-15 2 SINGAPORE'S Public Utilities Board may get a piece of the action in the proposed township in Suzhou. The executive chairman of Sembawang Holdings. Hsu Tse Kwang. said he has asked the Suzhou municipal government to seek PUB's help in277 words
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489 1993-05-15 2 Lilian Ang - Firms hit hard by weak prices and prolonged glut By Lilian Ang PETROCHEMICAL operators at Singapore's Pulau Ayer Merbau complex have turned in sharply lower profits for the fourth year running. Weak prices and a prolonged glut sent at least one key operator into489 words
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295 1993-05-15 2 THE Central Provident Fund will pay its 2.3 million members a revised interest rate of 2.5 per cent on their savings from July, the lowest in more than 30 years. The rate is. however, higher than the 2.29 per295 words
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SINGAPORE ROUNDUP
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55 1993-05-15 2 EDMUND CHENG, deputy managing director of Wing Tai Holdings, has been appointed to act as chairman of the Singapore Tourist Promotion Board from May 4 to Nov 3 this year, it was announced in a government gazette last night. He replaces Leong Chee55 words
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77 1993-05-15 2 SUBSCRIBERS to both Singapore Telecom's callzone and paging services will now' pay S2B instead ot $33 per month under a new service package called Perfect Link. The reduction, which takes effect immediately, is estimated to benefit 18.(X)0 subscribers. Telecom is also offering Perfect Link to77 words
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47 1993-05-15 2 THE Ngee Ann Polytechnic will sign a memorandum ot cooperation with US-based financial information provider Telerate next Monday. The agreement is to jointly promote the use ol comput-er-based training software packages. The signing ceremony will be held at the Polytechnic..47 words
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Article121 1993-05-15 2 THE Ministry of Labour will be conducting the mid-1993 Labour Force Survey during May and June. The purpose ot the survey is to collect data on employment and unemployment so as to understand the labour market situation and help evaluate and formulate plans and policies121 words
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Article, Illustration142 1993-05-15 2 PRIME MINISTER Goh Chok Tong arrived home last night after a five-day visit of Japan his first as Prime Minister. While in Tokyo. Mr Goh met Japanese Prime Minister Kiichi Miyazawa and other Japanese leaders. Mr Goh and Mr Miyazawa agreed on a Japan-Singapore142 words
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280 1993-05-15 2 SINCiAPORE's furniture makers are heading for China in a business development mission jointly organised by the Economic Development Board (EDB) and the Singapore Furniture Industries Council (SFIC). The trip. Irom May 16 to 30. will serve as a springboard for local furniture280 words
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Page 2 Advertisements
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Advertisement7 1993-05-15 2 5-Star hotel PARTY Eight In Youq HOME.7 words
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Advertisement22 1993-05-15 2 "It was plain sailing selling my cabin cruiser" IzSiSstt* 2£ T^ 2 0 J'°*r. j Call today for results tomorrow. 757-1166 122 words
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THE REGION
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545 1993-05-15 3 Loh Hui Yin - By Loh Hui Yin SINGAPORE US Assistant Secretary of State Winston Lord is meeting senior Asean officials to discuss a possible multilateral framework to manage regional security concerns. The first meeting takes place this weekend in Brunei, where the annual Asean-US545 words
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412 1993-05-15 3 Asia Society conference AFP TOKYO A leading Japanese businessman expressed concern here yesterday about the slowing of Japanese investment in the Association of South-east Asian Nations (Asean), in contrast to increasing Japanese investments in China. "1 believe one of the greatest problems we faceAFP - 412 words
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382 1993-05-15 3 Schutz Lee - By Schutz Lee SINGAPORE China will consolidate its position as Asia's second-largest exporter this year and will probably overtake Japan within 10 years, says the Hongkongbased Political and Economic Risk Consultancy (Perc). However, China's rapid emergence as a major exporter could382 words
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516 1993-05-15 3 Amy Balan - 11 th Annual Meeting of the InterAction Council From Amy Balan in SHANGHAI CHINA'S next stage of economic reform will tocus on maero controls. on making government functions more efficient and on establishing a legal system, says the deputy head in516 words
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Article, Illustration334 1993-05-15 3 AFP BANGKOK Thailand's prime minister is suing the country's biggest newspaper and one of its top columnists for libel over the way he responded to a protest bv farmers over rice prices, a government spokesman said yesterday. Chuan Leekpai. the first servingAFP - 334 words
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402 1993-05-15 3 AFP SEOUL Vietnamese Prime Minister Vo Van Kiet met South Korean President Kim Young Sam yesterday in the highest-level contact between the two former Cold War foes since they established diplomatic ties in December. A spokesman said Mr Kim expressed satisfaction withAFP - 402 words
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ASIA NOTES
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91 1993-05-15 3 Bernama JOHOR BARU Johor Mentri Besar Muhyiddin Yassin said yesterday he does not aspire to eontest the post of Umno Youth head in the election for Umno office-bearers in November. "However I have not decided on the question of contesting one of the threeBernama - 91 words
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Article, Illustration41 1993-05-15 3 Reuter HONGKONG Former British Prime Minister Margaret Thatcher and Hongkong Governor Chris Patten looking in different directions during a tram ride in the colony yesterday. Dame Thatcher is on a three-day private visit to Hongkong. ReuterReuter - 41 words
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84 1993-05-15 3 Reuter BEIJING China's Cabinet and top military body have warned that the three-million-strong army must get enough grain to ensure its stability, an official newspaper said yesterday. The warning, contained in a circular issued to all local governments by the State Council and CentralReuter - 84 words
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63 1993-05-15 3 Bernama KUALA LUMPUR Malaysia is confident that the proposed growth triangle involving the Philippines. Indonesia and Malaysia will become a reality to accelerate development. Deputy Foreign Minister Abdullah Fadzil Che Wan said yesterday. Hewas optimistic that the growth triangle concept would boost cooperation betweenBernama - 63 words
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91 1993-05-15 3 Reuter TAIPEI Taiwan's bid to rejoin the United Nations is doomed to fail because of opposition from China. Jeane Kirkpatrick. a former US ambassador to the UN. was quoted yesterday as saying. China, which has claimed sovereignty over I aiwan since the endReuter - 91 words
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192 1993-05-15 3 AFP JAKARTA Indonesia is to sell shares in 50 state-owned companies to foreign investors in a move to increase state revenues. Antara news agency said here yesterday. "The selling of state-owned firms' shares would be beneficial for Indonesia." Research and Technology MinisterAFP - 192 words
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326 1993-05-15 3 AFP BANGKOK A committee of Thai MPs has approved a controversial plan to ban old cars from Bangkok's streets soon, in a hid to reduce pollution and ease the city's traffic nightmare, a report said yesterday. The House Committee onAFP - 326 words
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THE WORLD
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WORLD WATCH
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111 1993-05-15 4 Reuter LONDON The British government ruled out an official inquiry into allegations that the secret service eavesdropped on a blazing row between Prince C harles and Princess Diana. leav ing Britons asking "Who bugged the royals?" Home Secretary Kenneth Clarke told parliament that, despite pressureReuter - 111 words
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Article, Illustration48 1993-05-15 4 Reuter JERUSALEM Ezer Weizman spreading his arms after wav ing at Israeli children in the Knesset (Parliament) on Thursday. He had just arrived to be sworn in as Israel's seventh president. Accompanying him were his wife, and speaker ot the Knesset, Ehevah Weiss. ReuterReuter - 48 words
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Article97 1993-05-15 4 AFP KYOTO An international moratorium on hunting whales was continued yesterday by default after members of the International Whaling Commission (IWC) failed to bring about a resolution to rescind it. An attempt by pro-whaling nations Norway and Japan to introduce a resolution establishing a revised management scheme",AFP - 97 words
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Article91 1993-05-15 4 Reuter PARIS France's gross domestic product (GDP) will fall by about 0.75 per cent in the first half of this year and its jobless rate will rise to 11.2 per cent by the end of June from 10.7 per cent now. the national statisticsReuter - 91 words
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78 1993-05-15 4 AFP WASHINGTON A newly formed coalition has joined several regional Asian-American defence groups to form a nationwide advocacy and lobby group for persons of Asian ancestry. The National Asian Pacific American Legal Consortium will lobby, go to court and take other action on behalf of someAFP - 78 words
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382 1993-05-15 4 AP RIYADH Six scholars and lawyers who set up a Saudi human rights group have been fired from their jobs, the government said on Thursday. A statement distributed by the official Saudi Press Agency said the action was taken "in light of theAP - 382 words
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281 1993-05-15 4 Reuter LONDON Washington's decision to re-name and re-direct former President Ronald Reagan's "Star Wars" programme marks the end of a 10-year-old dream: an umbrella in space to protect the world against nuclear missiles. The dream died because the nightmare of aReuter - 281 words
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290 1993-05-15 4 Reuter LEEDS British company insolvencies fell for a second consecutive quarter early this year, a clear sign that the country's longest recession for more than half a century is finally over, according to statistics released yesterday. British Chambers of Commerce (BCC) figures showed companyReuter - 290 words
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491 1993-05-15 4 Reuter MOSCOW Nine former Soviet republics signed a declaration on setting up an "economic union" yesterday in what Russian President Boris Yeltsin called a breakthrough for the Commonwealth of Independent States (CIS). An extraordinary summit of the 10-nationReuter - 491 words
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273 1993-05-15 4 UPI TOKYO The major industrialised economies have been growing at rates considerably below their potential during the past three years, but a recovery should occur in 1994, a top official of the International Monetary Fund (IMF) said on Thursday. Michel Camdessus, the IMF's managingUPI - 273 words
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396 1993-05-15 4 John Helmer - From John Helmer in MOSCOW THE South Korean government may be ready to reschedule a small interest debt owed by Russia that is blocking disbursement of another US$l.53 billion (552.5 billion) in Korean trade finance. However, until the Russian396 words
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Article, Illustration72 1993-05-15 4 Reuter 1 OZNICA. Yugoslavia Members of the Serbian Radical Party holding a black nag with a skull and cross bones during a rally on lhursday. I he event was attended bv 5 000 people in the town of Ixunica, some 120 km from Belgrade onReuter - 72 words
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453 1993-05-15 4 AFP Reuter WASHINGTON After four months in office. US President Bill Clinton admitted to The Washington Host that he was finding it difficult to change the ways of Washington and steer the country in a new direction. Washington is "too dominated by whatAFP; Reuter - 453 words
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534 1993-05-15 4 Reuter LONDON A collapse in the British government's popularity may trigger a rethink on privatisation. one of the Conservative Party's great vote-winners during its 14 years in power. Plans to privatise two of the nation's major institutions. British Rail and the PostReuter - 534 words
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COMPANIES & MARKETS
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Article179 1993-05-15 5 SINGAPORE Several substantial shareholders of specialist contractor L&M Group Investments have disposed of part of their holdings in the company in the past two weeks. In statements to the Stock Exchange of Singapore, L&M said that Nomura Asia Holdings had sold its entire stake in the179 words
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523 1993-05-15 5 R Sivanithy - Divestment triggers general offer for Goldtron by chairman By R Sivanithy SINGAPORE Acma's stake in electronics tirm Goldtron Ltd has been further reduced in two separate deals from 27.3 to 11.3 per cent. The divestments triggered a general offer for523 words
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315 1993-05-15 5 KL' s Hicom joins Tan Tan's to run Sucasa Hotel Apartments project Bernama KUALA LUMPUR Tan Tan Developments Berhad and Hicom Properties Sdn Bhd have entered into an agreement for Hicom to take a 30-per-cent stake in Sucasa Sdn Bhd, a private limited company incorporated to operate and own SucasaBernama - 315 words
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178 1993-05-15 5 Bernama KUALA LUMPUR Len Brothers Rubber Products Industries Bhd, a leading producer of rubber mats in Malaysia, will be exploring the Taiwan market during the second half of the current year. The company had successfully penetrated South Korea and its first shipment ofBernama - 178 words
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Article, Illustration880 1993-05-15 5 Loh Hui Yin - HOCK LOCK SIEW By Loh Hui Yin BANGKOK Newsrooms are usually abuzz with speculation, picked up by journalists on the grapevine. They also have an uncanny habit of coming true. Of late, talk in the Bangkok Post newsroom has turned880 words
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250 1993-05-15 5 Bernama KUALA LUMPUR Malaysian Resources Corporation Bhd has reported a group operating profit before tax of MSIB.I million (SSI 1.4 million) for the year ended Dec 31, 1992, compared with MS 1.8 million in the previous year. Announcing its audited results yesterday,Bernama - 250 words
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351 1993-05-15 5 Claire Leow - By Claire Leow SINGAPORE The two computer firms on the stock exchange's main board are entering into new ventures in Indonesia and Malaysia. CSA Holdings announced yesterday that it has entered a joint-venture agreement with Indonesia' Sinar Mas Group to form PT351 words
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Article135 1993-05-15 5 SINGAPORE Unifund. a unit trust managed by UOB. will make a one-for-one bonus issue at the end of this month. In a press release yesterday, UOB said this will result in the fund having a price of 51.90 per unit, thus making it more affordable to new135 words
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Article, Illustration379 1993-05-15 5 Source: Bridge Info Performance of STII's index stocks May 14 Lasl Sense Index Slock sale hse factor mo»ers <S> S Asimo 2 320 0020 1.74 5.97 CIA' 7.400 5.55 000 (erctXK 5 ISO -0.050 386 -149.1 F&N 12 200 -0 100 9 15 -29 85 OF Asia 3 180Source: Bridge Info - 379 words
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COMPANIES
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COMPANY BRIEFS
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Article41 1993-05-15 6 SINGAPORE Amcol Holdings yesterday told the Stock Exchange of Singapore that on May 5, its director Chng Heng Fiu acquired 140,800 warrants and his company Chng Heng I iu Pte Ltd. 2,519.999 warrants at 22 cents each.41 words
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Article61 1993-05-15 6 SINGAPORE Swens said yesterday it had appointed Ng Yew Hong and Koh Soo Keong on May 12 to the board of Atheodore. a joint venture between Hupwing and Singapore Corporation ot Rehabilitation Enterprises. Hupwing is a subsidiary ot Swens Asia-Pacific. Ng Yew Hong is considered to61 words
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42 1993-05-15 6 SINGAPORE Shareholders of Keppel Integrated Engineering yesterday approved the company's proposed share issue for its takeover of Resources Development Corporation. KIE intends to issue up to 49.896,000 new shares of 50 cents each as an alternative consideration.42 words
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57 1993-05-15 6 SINGAPORE KFC Holdings (Malaysia) has become a substantial shareholder of Inno Pacific Holdings through its subsidiary companies. In a statement released to the Stock Exchange ot Singapore yesterday, Inno Pacific said that with Innovest s divestment. KFC now held 6.875 million shares through its two subsidiaries57 words
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Article441 1993-05-15 6 UNIT TRUSTS FUNDS Managers' price* May 15 17 PriKl€flti3l u PruLink Mgd Fund I 10 1.15 Singapore Unit Trust n a The Commerce 1.35 1.4«xd MARA DUmipilu 3 The Savings Fund 1.21 1.27 First B'pulra 1-86 l.9lcd S'pore Prog Fund 0.56 0.59 Second B'pulra 1.78 I 83 S'pore Sec Fund441 words
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431 1993-05-15 6 Reuter HONGKONG Conditions on the world's only commu-nist-run stock exchanges are enough to make even a riskloving Western capitalist turn pale. China's Shanghai and Shenzhen bourses must be the only exchanges where investors once rioted for the chance to buy shares andReuter - 431 words
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399 1993-05-15 6 Alan Boyd - From Alan Boyd in BANGKOK THAI AIRWAYS International yesterday reported a net profit of 450 million baht (5528.7 million) for the second quarter to March 31, a decline of 14 per cent compared to the year-ago period. While the result was an399 words
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215 1993-05-15 6 Reuter TAIPEI A Taiwan-owned appliance maker will list its shares on the Shenzhen stock exchange, becoming what is believed to be the first 100 per cent Taiwanese-held firm to list in China, the parent company said yesterday. Tsann Kuen Enterprise CoReuter - 215 words
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198 1993-05-15 6 Bloomberg Business News BANGKOK Shinawatra Computer and Communications pic, one of Thailand's largest telecommunications conglomerates, reported a 103 per cent increase in net profit for the three months ended March 31. Shinawatra reported to the Stock Exchange of Thailand net earningsBloomberg Business News - 198 words
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Article, Illustration451 1993-05-15 6 Reuter MEXICO CITY The Volkswagen Beetle, now made only in Mexico, shows no sign of dying despite attempts to kill it off and it may even find its way back to Germany. "1 have been here eight years, and I have hadReuter - 451 words
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Article1467 1993-05-15 6 Payment fcx Books Pay date close date Acma F 7.5 Jun 10 Jun 22 Jul 5 'o F 2.5 Jun 21 Jun 25 Jul 15 Boustcad 50" I 7.5 Apr 22 May 7 Jun 4 B Kaya F 3 May 25 Jun 9 Jul 8 athav Pac 20"1,467 words
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155 1993-05-15 6 Bloomberg Business News HONGKONG Two Hong-kong-based companies Huey Tai International and Wing Hung Kee Holdings have announced that they have been approached by possible buyers. In a newspaper advertisement in the South China Morning Post. Huey Tai said negotiations are underwayBloomberg Business News - 155 words
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549 1993-05-15 6 MARKET WATCH Reuter HONGKONG Hongkong stocks' dizzy 40-per-cent climb from the depths plunged while the Sino-British row over the colony's future, waged last December, will provoke profit taking, but few analysts expect a major correction. A reaction was inevitable after the Hang SengReuter - 549 words
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FINANCE & COMMODITIES
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Article, Illustration527 1993-05-15 7 Harish Mehta - From Harish Mehta in PHNOM PENH FOUR Singapore businessmen involved in property, diamonds and pottery have invested US$l6 million (5526.2 million) to set up the first Sin-gaporean-backed bank in Phnom Penh. The Singapore Banking Corporation Ltd (SBC Bank) in Khan Daun Penh,527 words
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393 1993-05-15 7 FT TOKYO Japanese banks will avoid confronting their bad loan problems in accounts to be released for the year ended March, in spite of a Bank of Japan recommendation that they should be more open about their loan losses. Leading banksFT - 393 words
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348 1993-05-15 7 ENERGY REPORT Reuter LONDON World oil priccs fell to their lowest levels since late March after coining under heavy selling pressure yesterday when priccs breached support around USS 18.60 a barrel. June futures on the International Petroleum ExchangeReuter - 348 words
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Article, Illustration1264 1993-05-15 7 IratU-nnfHirJ imiex micukunl atain\t S'purr lop 14 trading partner* flax- ymar /<WS US$/S$ forward rates Noon May 14 ss Bid offer 1-month 1.6177 1.6192 2-monlh 1.6179 1.6194 3-monlh 1.6182 1.6197 6-month 1.6190 1.6210 Soum- OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Man yastardar Singapore dollars to one unit1,264 words
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Article, Illustration134 1993-05-15 7 THE US dollar finally broke resistance at 1.6150 against the S$ yesterday on the back of a higher dollar mark and dollar yen. Good local bank support was also evident together with corporate purchases. The dollar opened around 1.6150, very quickly trading up to 1.6180134 words
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Article185 1993-05-15 7 Bloomberg Business News LONDON The dollar ended lower as the latest batch of US economic indicators showed activity remains sluggish, analysts said. Trading volume was low in Europe as traders wound down early for the weekend after a flurry of activity when the Spanish peseta and the Portuguese escudoBloomberg Business News - 185 words
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Article88 1993-05-15 7 AFP NEW YORK The dollar was lower against major currencies yesterday in a calm market dominated by cross trading. At 9.45 am, the dollar traded at 1.6080 German marks, down from 1.6095 earlier in London and 1.6157 on Thursday at closing. The greenback slid against the yen toAFP - 88 words
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Article, Illustration512 1993-05-15 7 DBS weekly currency review US$/DM: Bottoming pattern seen After trading to a low of 1.5680 last Friday, a wave of buying interest set in to see the unit close at 1.5860 for the week. The market continued to buy the US dollar this week, bringing512 words
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COMMODITIES & FUTURES
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Article1490 1993-05-15 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended steadv to mixed on profit-taking after the market's sharp plunge, following falls in US treasuries. High inflation in the US. with April consumer prices up 0.4 per cent, twice the expected gain, and immcdiatelv after high producerReuter - 1,490 words
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910 1993-05-15 8 COMMODITIES REPORT Tin TIN was steadier at the close of brief trade on light preweekend covering despite easier London values overnight, dealers said. Prices ended one sen higher at MS 14.18 a kg. Turnover was 34 tonnes against 49 previously with910 words
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Article1658 1993-05-15 8 Rubber MS Commodity Exchange (futures closing as at lpm) R RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest R Jun~93 000 OOO I >0 25 800 4.450 jj Jul 131.75 130.75 ***** 575 4.175 Aug 0.00 0.00 132.00 375 4.775 2 Sep1,658 words
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REGIONAL STOCK MARKETS
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Article1189 1993-05-15 9 +4.1 Gold fever helped Australian shares climb higher at the close despite weakness in some leading industrial stocks, brokers said. "With the increase in the gold price, the gold producers and speculators were bound to be the focus." one broker said. "The market was led by the gold sector,1,189 words
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Article537 1993-05-15 9 +8.54 Share prices edged up on a min-ing-led rally as gold prices abroad reached a new ninemonth high, brokers said. "The market was pushed up by the mining sector due to the continued upsurge of gold prices." said Louie Bate of Baring Securities. Commercial issues however continued to consolidate537 words
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Article552 1993-05-15 9 •88.78 Stocks fell across the board yesterday on disappointment that the central bank did not announce a credit easing after Thursday's board meeting, brokers said. The Weighted Index ended 88.78 points or 1.9 per cent down at 4.575.80. Turnover fell to a moderate T532.33 billion from Thursday's active T545.78552 words
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Article434 1993-05-15 9 -3.60 Stocks closed lower in active trading after a day of wide fluctuations. with profit-taking emerging on large-capitalisation shares which gained momentum in the morning, brokers said. They forecast the market would move in a narrow range tomorrow in the absence of fresh factors. "Investors are unsure of market434 words
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Article302 1993-05-15 9 -1.5 The New Zealand share market closed slightly easier on hefty volume with large lines traded in Fletcher. Brierley and Progressive Enterprises. Speculation that Australia's Foodland Associated may launch a takeover bid for the Coles Myer controlled Progressive was the talking point in the market, but neither Coles302 words
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Article90 1993-05-15 9 +69.87 Stocks soared yesterday following reports that monsoon rainfall. crucial to the country's agriculture and economy, was likely to be normal, traders said. Stock prices will rise next week, with investors chasing sectors such as shipping, hotels, power and textiles that have been performing well, traders said. The Bombay90 words
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WORLD STOCK MARKETS
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Article767 1993-05-15 9 Britannia Funds Sterling C ash Bid Offer Mim tip Depocl WOO 38 *500 Mim ienr* r>ill .0.1882 0 1*84 Mim Mai Income -0 9800 *1 0200 L'SS ash Income Plus Fund 10 3 WO I0 8«W0 PS Revere Fund J MOO 5 2100 Sterling Fquir* Euro Performance 0.4592 OWM Far767 words
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Article577 1993-05-15 9 -2.3 Shares were mostly weaker at the close in quiet trading ahead of the weekend, with buyers emerging in just a few specific stocks. The FTSE 100 index finished 2.3 points down at 2,847.0 points, failing to break out of negative territory all day. "We were marked a shade577 words
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Article80 1993-05-15 9 -28.19 The CAC-40 index dropped 28.19 points to finish at 1.851.74 with the devaluation of the peseta causing concern for some French stocks. Paris >U> 14 Fr Atr-Ltguidc "UJOO -I J 00 \kJlcl \iwhom MOW) -2-00 EM-*** CijJe De Bjnquc 1076 00 Latiigc HIM) 3 00 Mtchdin -MO Ntvk80 words
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Article124 1993-05-15 9 +0.42pc Shares ended the week with a strong rally based on fundamental optimism after a wave of profit-taking ebbed out. "The market feels basically strong and stable, and it can go on up," said one broker, citing the downward trend of interest rates as one of the factors. The124 words
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Article168 1993-05-15 9 -5.28 Shares were mixed to lower in very quiet post-bourse trading, on low volumes. Traders blamed weak bund future for losses. Shares had closed weaker in official trading after bouncing from mtra-day lows on news that employers and unions struck a deal to end the east German strike. The168 words
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Article186 1993-05-15 9 •0.34pc Telecommunications continued to steal the show on the Milan bourse and brokers said Monday should reveal just how much of the recent buying is real demand and how much short-covering. Overall, barring new developments, the market is seen as having limited upside potential in the short run with186 words
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Article236 1993-05-15 9 1.1 Shares ended slightly firmer yesterday as the market drew support from strong chemicals, sought largely due to a lack of profitable alternatives, dealers said. They added that market sentiment for next week was cautious, as investors did not want to open positions ahead of the Maastricht referendum in236 words
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Article154 1993-05-15 9 -4.751 Shares saw widespread losses with volumes winding down ahead of Tuesday's Danish referendum on the Maastricht Treaty. The Bel-20 index closed down 4.75 index points to 1217.56. Volume was slight with just 234.000 shares being traded compared to 341.000. Only electric utility Electrabel saw substantial trade, closing up154 words
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Article311 1993-05-15 9 -24 Gold shares bounced back in late afternoon trade as the market looked to the gold price to test and break USS37O an ounce over the weekend, dealers said. However, they added. investors were wary that the recent gold rally would crack, and many had kept out of the311 words
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Article742 1993-05-15 9 -34.32 Stocks showed little change in early trading yesterday after the release of new data that showed slow growth in the US economy. At 1 lam, the Dow Jones Industrial Average was down 0.28 points at 3.447.71 after one hour of trading. New York Stock Exchange volume reached742 words
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Article293 1993-05-15 9 +4.82 Stocks opened virtually-flat yesterday in quiet dealings as profit-taking beat back Thursday's tide of enthusiasm over surging gold shares, dealers said. Overall activity was lacklustre as many players squared positions ahead of the weekend. The TSE 300 Composite Index rose 4.06 points or 0.11 per cent to 3.805.40293 words
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Article214 1993-05-15 9 -2.48 Shares closed lower across the board as disappointment over Unilever's first quarter results compounded the market's generally weaker undertone. The EOE Index finished 2.48 points or 0.79 per cent down at 311.64 with 17 of its 24 component stocks losing ground. Dealers said the index could be headed214 words
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Article, Illustration3107 1993-05-15 10 Reuter HONGKONG stocks' dizzy 40 per cent rebound from depths plumbed at the height of the Sino-British row over the colony's future last December, will spark some profit taking, but few analysts expect a major correction. A reaction was inevitable after the Hang Seng Index smashed through 7.000 pointsReuter; Source: Bridge Info - 3,107 words
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Article, Illustration459 1993-05-15 10 The Shanghai A market slid 1.03 per cent to drive the CLSA Shanghai A Index down to 7,967.56. Some profit taking before the weekend were to blame for the loss. The B market in Shanghai did not fare any better than its A share counterpart, with the CLSA Shanghai459 words
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Article, Illustration2507 1993-05-15 10 Reuter STOCKS ended easier on arbitrage unwinding after seesaw trade driven by futures-linked technical dealing. The Nikkei average ended down for the fourth straight day but active buying in some mar-ket-leading shares lightened sentiment. brokers said. "The Nikkei is fluctuating nervously because of arbitrage, but people are gaining confidenceReuter; Snunr BnJuf Ink' - 2,507 words
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Article, Illustration1487 1993-05-15 10 Reuter STOCKS gained ground for the fourth straight day on much improved sentiment but prices finished the day losing some earlier gains, brokers said. The SET index ended 4.07 points higher at 881.39 on increased turnover of 5.72 billion baht. Earlier in the morning session, the SET rose toReuter; Source: Bridge Info - 1,487 words
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Article, Illustration1062 1993-05-15 10 Reuter SHARE prices ended higher for the fifth consecutive day in active trade, though cross deals dominated the volume, brokers said. "The inflow of foreign as well as local funds has kept the market active." a dealer with a foreign house said. Crossing deals boosted volume in Bank Bali.Reuter; Source: Bridge Info - 1,062 words
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Article, Illustration2051 1993-05-15 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume i.iii. H\J MV M«SMM Kcnong Bhd MV II "HO 000 Mclropk-* MK I* M>6.000 Bcdlord MV 14.265.000 fjtvr<iriiup I2.2JI.OOO MBf Capital ***** 000 tXtBttk 1.BSJ.000 Bc()a>a (iriiup .">.714.000 Promct 8.241.000 Mcnam orp 7 488.000 Ml 6.7S4.000 MBI Hklgs MKSource: Bridge Info - 2,051 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5124 1993-05-15 11 Bernama DEMAND for index-linked stocks and brisk trading on situational counters yesterday propelled the composite index to a new closing high. The KLSE barometer closed at 720.00, 1.96 points above Thursday's closing, shattering the previous high of 719.61 notched on April 30 thisBernama; Source: Bridge Info - 5,124 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration7367 1993-05-15 12 Paul Leo - By Paul Leo SINGAPORE The Singapore stock market yesterday set a new record for the third consecutive day. although profit-taking slowed the advance. The benchmark Straits Times Industrials Index managed a 4.68-point increase to 1.863.39. But the advance pales in comparison to the previousSource: Bridge Info - 7,367 words
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Article, Illustration76 1993-05-15 12 Quak Hiang Whai - HOT STOCK Quak Hiang Whai KL Industries, oncc a $10 stock, is still trading at the over-bought levels even though it is trading at only $1.31. Daily, weekly and monthly RSIs have reached the level of 75, indicating that the stock's upside potential may he quite limited. OnSOURCE: BRIDGE INFO - 76 words
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Page 5 Advertisements
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Advertisement228 1993-05-15 5 L Mfcm y J ,£> PH^VE Wmfr rn^m r v 12-15 MAY 1993. WORLD TRADE CENTRE. SINGAPORE. With a World of Building Deals at Hand, MAKE IT YOURS! BUILDING s n0 sma worlc we re talking about pIjSfMpSS here. The deals will be big. the opportunities NOW ON! ALROS endless.228 words
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Page 6 Advertisements
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Advertisement11 1993-05-15 6 A P>AIOTY I'OD 3O o»D 300 od 3000, WE Do IT11 words
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Page 8 Advertisements
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Advertisement21 1993-05-15 8 "Ideal in cameras. Andlknow whereto gpt good exposure. ,ow nucS' £s,r n «BN I Call today for results tomorrow. CATS. 737-116621 words
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Advertisement18 1993-05-15 8 737-1166 Business /^X heats up when you g) make the if call and place an C.A.T.S. ad. 1737-116618 words
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Page 9 Advertisements
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Advertisement25 1993-05-15 9 CAD-CAM still can? For these software vendors facing a saturated Singapore market, the region's manufacturing boom is good news. BusinesslT. This Monday, in Business Times25 words
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Page 10 Advertisements
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Advertisement226 1993-05-15 10 H y A truly exceptional exhibition of rare and exquisite objects, Made by Cartier celebrates the years of creative greatness at the House of Cartier. Chronicled in a book entitled Made by Cartier", it documents the unpublished archives and opens the doors to a universe of creative and beautiful objects226 words
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Page 11 Advertisements
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Advertisement35 1993-05-15 11 What's the link between Terminator ffand the world's fastest growing workstation company? Ask Silicon Graphics' Mark Perry. I i !if3 ill CTTBiil *iii«i i iT*IHV 11 vllkl 11 IHI f# 11J i|i 11 [tf»pj v35 words
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Page 12 Advertisements
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Advertisement225 1993-05-15 12 HA truly exceptional exhibition of rare and exquisite objects, "Made by Cartier" celebrates the years of creative greatness at the House of Cartier. Chronicled in a book entitled "Made by Cartier", it documents the unpublished archives and opens the doors to a universe of creative and beautiful objects that retrace225 words
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SPORTS
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Article, Illustration636 1993-05-15 13 NBA play-offs Reuter CHICAGO Chicago and Phoenix both went up 2-0 with victories in their play-oft series on Thursday, but the Bulls were waiting to see how superstar Michael Jordan recovered from a painful wrist injury. In Chicago. Horace Grant scored 20 points onReuter - 636 words
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460 1993-05-15 13 Reuter LOS ANGELES The Los Angeles Kings beat the Vancouver Canucks 5-3 on Thursday to advance to the Campbell Conference finals for the first time in franchise history. Jari Kurri, Tomas Sandstrom and Warren Rychel scored in a span of 1:56 late in theReuter - 460 words
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SCORE CARD
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Article, Illustration50 1993-05-15 13 Reuter NEW YORK Major league results on Thursday American: Cleveland 3 Kansas City 7; Oakland 5 Texas 9; New York 4 Milwaukee 2; Toronto 6 Detroit 5. National Cincinnati 7 San Diego I; St Louis 0 New York 4; Colorado 8 San Francisco 13: Montreal 5 Florida 4. ReuterReuter - 50 words
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Article, Illustration32 1993-05-15 13 Reuter NEW YORK Second round NBA playoffs on Thursday Eastern Conference: Chicago 1()4 Cleveland 85 (Chicago leads best-of-sev-cn series 2-0). Western: Phoenix 109 San Antonio 103 (Phoenix leads series 2-0). ReuterReuter - 32 words
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Article, Illustration247 1993-05-15 13 AP AFP AFP Reuter Reuter KAVVANISHI, Japan Japan PGA Championship second round scores vesterday (Japanese unless noted): 139 Tsuyoshi Yoneyama 69-70 140 Brian Jones (Aus) 70-70. Bradley Hughes (Aus) 70-70 141 Masashi "Jumbo" Ozaki 68-73 142 Kazuhiro Takami 73-69. Kimpachi Yoshimura 72-70, Nobuo Serizawa 71-71. Lin Chie-hsiang (Tai) 70-72.AP; AFP; Reuter - 247 words
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Article, Illustration37 1993-05-15 13 Reuter NEW YORK Second-round NHL Stanley Cup play-offs on Thursday Norris Division finals: St Louis 2 Toronto 1 (Best-of-scven series tied 3-3). Smythe Division finals: Los Angeles 5 Vancouver 3 (LA wins series 4-2). ReuterReuter - 37 words
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Article, Illustration21 1993-05-15 13 AP BEIRUT, I>ebanon Thursday's Asia Group D World Cup Qualifiers: South Korea 3 India 0; Lebanon 0 Bahrain 0. APAP - 21 words
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Article, Illustration147 1993-05-15 13 AFP AFP ROME Italian Open 3rd rd on Thursday: Goran Ivanisevic (Cro \4) b Marc Rosset (Swi) 6-4. 6-3; Guillermo Perez-Roldan (Arg) b Andrei Medvedev (Ukr x 8) 6-4. 6-4; Marcelo Filippini (Uru) b Jan Siemerink (Neth) 6-4. 6-4; Sergi Bruguera (Spn x 7) b Karel Novacck (Cze xlO)AFP - 147 words
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448 1993-05-15 13 NYT NEW YORK His sneakers are almost as big as he is. The number on his Charlotte Hornets uniform is 1 because any other number wouldn't fit. He's only 1.55 metres and 64 kg. but he's not the last body on the bench.NYT - 448 words
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SIDELINES
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Article109 1993-05-15 13 AP WILMINGTON, Delaware Laura Davies and Gail Graham, both struggling this year, shot 5-under-par 66s on Thursday to share the first-round lead of the US$9OO,OOO (S$ 1.4 million) LPGA McDonald's Championship. Davies. who has finished no higher than 12th this year, shot a tournament-record 5-underAP - 109 words
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116 1993-05-15 13 Reuter NEW YORK Portland Trail Blazers forward Cliff Robinson was voted winner of the National Basketball Association s Sixth Man Award for the 1992-1993 season by an overwhelming margin, the league announced on Thursday. Robinson won the award for the league's most valuable non-startingReuter - 116 words
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Article, Illustration44 1993-05-15 13 Reuter BEIRUT South Korean soccer player Ha Seok Ju stretching to head the ball during the match against India in the World Cup Group D qualifiers in Beirut. The South Korean team beat India 3-0 in that match. ReuterReuter - 44 words
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Article67 1993-05-15 13 AP ROME Boris Becker's breakthrough on clay will have to wait again. The No 3 seed battled valiantly on Thursday against Andrei Chesnokov, one of the world's most tenacious clay-court experts, but succumbed in a a third-set tie-breaker at the Italian Open. Unseeded Chesnokov, aAP - 67 words
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Article99 1993-05-15 13 AP PERTH Japan jumped two places to head the 12-nation field on the second day of the Queen Sirikit Cup women s amateur golf team championship near here yesterday. With Yoko Inoue closing her round in 74, the day's equal best, and Mikako KanamoriAP - 99 words
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Article, Illustration534 1993-05-15 14 Golf AFP Reuter MADRID The Spanish Open began with a major shock on Thursday and it had nothing to do with lan Woosnam's welcome return to the top of the leader board. The Welshman, who has struggled with his game in recent months, used a newAFP; Reuter - 534 words
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Article1378 1993-05-15 13 Itty right ETA FHW l[TD_ Abu Dhabi GA929 1120 AdtUkk SQ228 2120 Amman RJ187 0135 Amsterdam KL837 1445 KL838 2310 SQ323 1725 Auckland NZ2I 1820 NZ22 1935 SQ286 2030 Bahrain GF148 0905 B Seri Begawan BI421 1105 SQ182 0915 SQ181 1410 BW22 1205 B1429 2030 B14301,378 words
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Page 13 Advertisements
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Advertisement41 1993-05-15 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
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Article562 1993-05-15 14 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure liirnna Part Hana 6/93 P05 alongsaje lb 05 1SOO Aulefca 1/93 110 alongside 1505 1500 Kamale«etett 16W TO9A 0500 Dew Seta,a 10 93 J3 alongside 1505,0800 Kota Mutiara MUT07W P02 alongside 16 05 2300 £T££562 words
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Article539 1993-05-15 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Shp Voy No Containers avaiable Ship Voy Ho Containers available P Hardme 0/2W *****3 0805 Ram Bridge 45E COOlEST) *****3 1500 Swadaya 024 13 05 93 0825 Mo E»p I 916 COO-EST) 14 05 93 1800 Twadrta 976 *****3 0905 Sentosa539 words
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Article1511 1993-05-15 14 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts $h,p Voy No Etb/Btr Period From To From Vl tas, m 15,1800 1 U.1M0 M/H» v Jad 13M 16/0/00 2 14/1/00 15/0659 IS 0900 3 lb,0/00 IV1159 lb 1*001,511 words
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Page 14 Miscellaneous
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Miscellaneous351 1993-05-15 14 I CRYPTIC CROSSWORD Miiißg J which one makes contact —-LmJ LjJ L|J—-LJ~~ ~~L^J immediately (5.8) Tj 26 Does it drive one to drink? 6 Note one Q f s h ort doctor was heard (2,4) 27 Another sane patriot is one 7c™ wtenTe liast expeets YKTCTOAY S SOUTTION who favours351 words
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REGIONAL FOCUS
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Article, Illustration1398 1993-05-15 15 Lim Soon Neo - Lim Soon Neo profiles Madam Wu Yi, China's Minister of Foreign Trade and Economic Cooperation, who visited Singapore this week to woo investors Lim Soon Neo SINGAPORE China's new-ly-appointed Minister of Foreign Trade and Economic Cooperation, who was born inArthur Lee - 1,398 words
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Page 15 Advertisements
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Advertisement139 1993-05-15 15 I CAPITALISE ON I I OUR SPECIAL RECRUITMENT FEATURE ON I B B B On May 25, a "Banking. Finance insurance 93" B B feature in The Business Times will be published to B B commemorate the 25th anniversary of the B establishment of the Asian Dollar Market and celebrate139 words
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Advertisement26 1993-05-15 15 BUSINESS T_L_M_JLJ> TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 PORT SHOTS The latest in sea, air and land transportation. Shipping Times. Monday to Friday. Business Times26 words
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Advertisement214 1993-05-15 15 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF SIN CHEW FEATHER WORKS PTE. LTD (IN VOLUNTARY LIQUIDATION) MEMBERS' VOLUNTARY WINDING I P. NOTICE IS HEREBY GIVEN pursuant to Section 308 ot the Companies Act. Cap. 50 that the Final General Meeting of the members214 words
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Advertisement315 1993-05-15 15 I\ THE MATTER OF THE COMPANIES ACT, CHAPTER 50 VERMONT REALTY (PRIVATE) LIMITED MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that the creditors of the abovenamed Company, which is being voluntarily wound-up. are required within thirty days thereof to send in their names and addresses and the particulars of their315 words
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Article, Illustration394 1993-05-15 16 Reuter WASHINGTON The Clinton administration will try to salvage the North American Free Trade Agreement (Nafta) by pushing for tough new enforcement powers against environmental and worker safety abuses, the Washington Post said yesterday. Citing unnamed congressional sources, the newspaper said theReuter - 394 words
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487 1993-05-15 16 AFP Reuter TORONTO Ministers from the world's four major trading powers were meeting yesterday in an effort to get the stalled Uruguay Round of trade liberalisation talks moving. Officials said the hastily arranged meeting was concentrating on just one topicAFP; Reuter - 487 words
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343 1993-05-15 16 AFP AP WASHINGTON President Bill Clinton said yesterday that air strikes and a lifting of the arms embargo on Bosnia arc still viable alternatives but that America will not send troops to enter the conflict. "That suggestion is still on theAFP; AP - 343 words
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348 1993-05-15 16 Reuter WASHINGTON Stocks of unsold goods piled up at the steepest rate in nearly four years in March, the US Commerce Department said yesterday, a sign that future orders for goods at all levels could slow down. Total inventories rose 0.8 per centReuter - 348 words
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309 1993-05-15 16 AFP BEIJING Ailing Chinese Premier Li Peng issued a statement yesterday congratulating the conclusion of a national science conference, but was still not well enough to make an appearance. Mr Li, 65, has not appeared in public since April 24AFP - 309 words
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479 1993-05-15 16 AFP Reuter AP BANGKOK Khmer Rouge leader Kliieu Samphan, reiterating his group's total rejeetion of Cambodia's UN-organised election later this month, has warned that it would provoke a resumption of war in the troubled South-east Asian country. Khicu Samphan wentAFP; Reuter; AP - 479 words
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474 1993-05-15 16 Reuter DRESDEN The crippling strikes in eastern Germany arc set to stop after union and employer negotiators reached agreement yesterday to end the 12-day-old walkout just before it was to spread throughout the cast. IG Mctall union and engineering employers saidReuter - 474 words
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483 1993-05-15 16 Reuter HONGKONG China is willing to be flexible about controversial democratic reforms planned for Hongkong when talks resume next week in Beijing, Chinese sources said yesterday. Bui they hinted that no deal with Britain was likely until afterReuter - 483 words
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134 1993-05-15 16 Reuter TOKYO North Korea yesterday denounced a UN resolution calling on it to reconsider its decision to withdraw from the Nuclear Non-Prolifcration Treaty and said it was the US that should be the target of punitive measures. *Thc adoption of a 'resolution' by the UNReuter - 134 words
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Page 16 Advertisements
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Advertisement27 1993-05-15 16 3>I73S?3]-33 a Monday in Business Times The fine Chinese art of preparing Hongkong for 1997, EL2 Qi;-cqi:ati; THE WESTIN HOTELS IN ir: mii "M M 110 OFFICE.27 words
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Executive Lifestyle
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Article, Illustration1699 1993-05-15 17 Audrey Tan - Is a film industry in Singapore an achievable reality? That depends on how much money you want to put into it, says Audrey Tan Audrey Tan PSSST... Wanna make a movie? In Singapore? Unless you can pull off a phenomenal stunt like independent director Neil Jordan did1,699 words
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STRAWS IN THE WIND
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Article92 1993-05-15 17 ITS not that easy giving away things. At the screening of the Australian movie Strictly Hullroom during the recent Film Festival, a lucky draw was held, with the top prize being a trip Down Under. It turned out that the winning ticket belonged to the Australian High Commissioner,92 words
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Article42 1993-05-15 17 HOW do you tell Singaporeans from other breeds? Witness this scene: Five friends are waiting at a bus-stop. The bus comes. All five stand up. The bus whizzes past. Why? Because no one flagged it down, thinking someone else would.42 words
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Article77 1993-05-15 17 A MALE executive who recently underwent a full medical check-up has this sorry tale to tell: After the normal checks, he was told to lie sideways on the examining table with only his briefs on. The woman doctor then calmly announced that she would be taking a sample77 words
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OPINIONS
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802 1993-05-15 18 Jackie Sam - Some Hongkongers feel life ends on July 1997. For China, however, it's a new beginning. Jackie Sam reports from Hongkong on how Beijing uses leakages to great effect Jackie Sam The writer is a Hongkong-based political consultant who contributed this commentary802 words
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Article, Illustration1022 1993-05-15 18 Margaret Thomas - So we're almost a developed society, are we? Margaret Thomas shakes her head and laments that we surely don't behave that way Margaret Thomas The writer is B/'s Associate Editor. This commentary first appeared in the May issue of Singapore Business magazine.1,022 words
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338 1993-05-15 18 Jenny Yeo (Mrs - LETTERS TO THE EDITOR Jenny Yeo (Mrs) Acting company secretary Haw Par Brothers International Ltd WE REFER to the letter "Disquieting fund-raising" (BT. May 8) and wish to clarify several points regarding the proposed fund-raising exercise by Haw Par Brothers International Limited. I. In the338 words
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498 1993-05-15 18 Kwek Lee Hunt - Kwek Lee Hunt Singapore 1750 THERE ARE a number of ways to improve the traffic situation without resorting to such high-cost measures as the Electronic Road Pricing (ERP) system. As the amount of road reaches its limit, another way of accommodating higher498 words
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PROFILE
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Article, Illustration2744 1993-05-15 19 William Dalrymple - Vikram Seth's first prose novel, A Suitable Boy. is 1,349 pages long, eschews the magic realism of most Commonwealth writers and, more unusual still, has virtually no sex. Yet it has earned its author more than 1 million before publication. William Dalrymple reports William Dalrymple2,744 words
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Article, Illustration565 1993-05-15 22 SHAHIRON SAHARI - Bv SHAHIRON SAHARI IN HIS stand-up comedy album Delirious, Eddie Murphy joked about how Black leader Jesse Jackson could one day become President of the United States if voters were not careful. Not that people really want him there, just that enough voters could vote565 words
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Article, Illustration740 1993-05-15 22 SUSAN TSANG - Cinema Review By SUSAN TSANG THEY survived the unimaginable by doing the unthinkable. Alive, Piers Paul Read's book about the rugby team whose plane crashed in the Andes, has finally made it to the movies more than 20 .years after the event. To recap:740 words
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Article, Illustration1222 1993-05-15 22 Catherine Ong - Catherine Ong finds out how the fortunes of China's paramount leader Deng Xiaoping have i affected his daughter's art Catherine Ong SHE struts into the crowded room like a purposeful Red Guard, carrying the benefit and burden ot her family background with consummate ease. Her1,222 words
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Article, Illustration1275 1993-05-15 22 Brian Gomez - Brian Gomez meets a Dutch-born researcher who is passionate about good forestry practices and saving the endangered orang man Brian Gomez WILLIE Smits has the air of a missionary about him. At his hill-top base at Balikpapan in East Kalimantan, the Dutch-born Smits is researching good1,275 words
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Article, Illustration587 1993-05-15 23 ETHEL CHEN - Bv ETHEL CHEN NO ONE came in garters, lingerie or ghastly white make-up. This being Singapore and a Tuesday night, the office crowd was highly visible among the opening night audience. Just as well. I thought; who else better to judge a parody of the common587 words
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Article, Illustration706 1993-05-15 23 Rojak Rebel, Memoirs of a Singapore Maverick By Gerald de Cruz Times Editions. 240 pages. 512.50 Reviewed by SN Vasuki I was absurdly pleasi'd when The Straits Times reporter who interview ed me in the airport commented that I was the only Singaporean he knew706 words
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HEALTH & FITNESS
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HEALTH Notes
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93 1993-05-15 24 NYT CONTRARY to conventional wisdom, breast-feeding may not help new mothers shed the weight they gained in pregnancy. A study actually found that mothers who breast-fed their newborns lost "less weight six months after delivery than mothers who bottle-fed their infants. Furthermore, most ofNYT - 93 words
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156 1993-05-15 24 NYT EXPECTANT women should really abstain from alcohol. German researchers have found that seemingly no amount ol help can raise the intelligence of mentally retarded children born to mothers who drank heavily during pregnancy. A 10-year stud\ ol 60 children suffering from the condition knownNYT - 156 words
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130 1993-05-15 24 Prevention Health magazine BABIES are notorious babblers, but more often than not. it's the adults who make most of the silly noises. Experts, however say that it mav be more effective tor the child's language skills it parents talk sensiblv and use realPrevention Health magazine - 130 words
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114 1993-05-15 24 NYT PEOPLE who complain of chronic headaches or stomach-aches may actually be suffering from depression, according to a panel ot mental health experts. Suggestions are that doctors should go beyond a patient's initial complaint of aches and pains and ask about emotional and mental problemsNYT - 114 words
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Article86 1993-05-15 24 NYT TO AVOID feeling hungry without feeling too full during your morning run. experts recommend the following breakfast: fruit juice, toast or a banana eaten 20 to 60 minutes before your workout. This mini-meal should provide enough calories to keep you going. If you eatNYT - 86 words
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Article, Illustration896 1993-05-15 24 Jane Brody - A studv shows that few people manage to escape the ravages of their unhealthy habits. Jane Brody reports Jane Brody NYT AS IF he were a medieval artist depicting the depravity of the seven deadly sins. Lester Breslow. a Californian public healthNYT - 896 words
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PEOPLE
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Article, Illustration143 1993-05-15 24 IT WAS a welcoming affair for Victor Fung, the newly appointed chairman of the Hongkong Trade Development Council, and he made it a big do by inviting the who's-who of the business sector. Among the distinguished guests was Lim Boon Heng. Senior Minister of State for143 words
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Article, Illustration192 1993-05-15 24 TWO PARTNERS, advertising agency J Walter Thompson (JWT) and Citibank N A celebrated their fast-growing relationship with a cocktail hosted by Citibank and a dinner hosted by JWT late last month. The occasion was organised in conjunction with a regional, three-day Set working Success seminar aimed at192 words
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TIME OFF
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Article, Illustration812 1993-05-15 25 Corinne Kerk - With the opening of Friday's and Go West in town. Corinne Kerk had a busy week Corinne Kerk IF TFiE word "Friday" brings out the lemming instinct in vou. that is, it draws you relentlessly into the pre-week-end traffic jams that sooner812 words
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Article158 1993-05-15 25 Sammy Won't Go To School Directed by Lim Yu-Beng of Theatreworks, this is Desmond Sim's story of tests, expectations and the playground. Presented as part of the Directors' Laboratory programme. Todav and tomorrow. Bpm at the Black Box. Tickets at $8 available from Victoria Theatre Central Booking Office. Centrepoint.158 words
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Article184 1993-05-15 25 SSO Concert Performances of Arvo Part's Cant us In Memory Of Benjamin Britten. Brit- I ten's Serenade For Tenor. Horn and Strings, Strauss' Horn Concerto So I In E Flat and Mendelssohn's Symphony No 3. Neil Mackie (tenor) and Michael Thompson (horn) perform while Lim Yau conducts. Today. 8.15pm184 words
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Article106 1993-05-15 25 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.106 words
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Article, Illustration665 1993-05-15 25 Gods, Guardians and Lovers: Temple Sculptures From North India Vishakha N Desai presents a slide-il-lustrated talk on an NYC exhibition of 70 stone sculptures. May IV. Bpm at the Sational Museum Thealrelte. Admission is free. Greetings From Raffles An exhibition of picture postcards of hotels in the665 words
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Article, Illustration507 1993-05-15 25 NOW TFIAT music lovers are being pampered with a deluge of pop-rock concerts in Singapore, many might have missed British duo. Go West's act in Zouk discotheque on Thursday night. Go West, made up of 37 yearold lead vocalist Peter Cox and 34 year-old507 words
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Article145 1993-05-15 25 Audrey Tan - Compiled by Audrey Tan An Evening Of Chekhov Actors Theatre Circle presents six ot Chekhov's short classics which sparkle with unforgettable characters in outrageous circumstances. Last day today. Spm at the Guinness Theatre, the Substation. Tickets at 512 and $15 available from Tangs. Centrepoint. I ictoria Theatre145 words
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EPICURE
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Article, Illustration593 1993-05-15 26 SUSAN TSANG - Bon Appetit By SUSAN TSANG AS OF this month, the Harbour Grill at the Hilton has a new luneh menu "Le Gastronomique Legere", or light cuisine. Basically, stock is favoured over fat and cream for a lighter feel. This is suitable for those593 words
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Article, Illustration559 1993-05-15 26 JAIME EE - By JAIME EE THERE were no salty Mediterranean breezes waiting to catch our hair; rather, we had to do some major pretending every time an extra gust of airconditioned air blew through our bones. Any thoughts of being served by swarthy, sweaty men were dashed as well the559 words
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Article, Illustration738 1993-05-15 26 N K YONG - \Art„ m By N K YONG EVERYONE knows that 1982 was a great vintage in Bordeaux. It was the vintage that sparked off the "Bordeauxrush" from which the market has never really recovered. One of the spin-offs was the behaviour of the en738 words
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Article, Illustration1046 1993-05-15 28 Aladdin. An upwardly mobile i street teen becomes a prince. thanks to a genie with the < voice and wit of Robin Wil- liam. Disney's most psychedelic feature since Eantasia. Today and tomorrow spm Odeon-Katong. Pavilion. 5.30: Marina 1, Bedok 2, Majestic. Leisure-Drome. Tonight 11.30: I Yishun 10. 11.45:1,046 words
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Page 17 Advertisements
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Advertisement301 1993-05-15 17 DBS 24-hour "Loan Information S#rvict A Approval" ESSOINS 18 0 0—334 3588 k 1 H 0 0 111 <• II fi r HISTORY IN TIME m -v > ~>3L Planetarium Copernicus. Handmade in ISct gold, individually numbered, sapphire crystal. uufer wuu« to JO m. Shockproof. Lady Newton. Automatic uith pourr301 words
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Page 18 Advertisements
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Advertisement37 1993-05-15 18 50 your,*. down t ho roud. Loll your vou 1 Kid vour wi:nniNc. TALLEST I KM ol in I he- Woi IJ. To advertise your APPOINTMENTS NOTICE ADS CALL OUR SALES SERVICE Toll-free S 1-800 737 004337 words
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Advertisement29 1993-05-15 18 B l welcomes letters from you. Please address I hem to: I he Kdilor, Business I imes. 390 kirn Seng Rd. S'pore 0923. liners should include your contact numbers.29 words
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Page 18 Miscellaneous
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Miscellaneous70 1993-05-15 18 fi rr!{? c'v \rx<c- ini hrvott Fo* His PeH... VM>m p^ o Wf j we*t*cneD V f Hts T^Tp^'^^ D J S IP V DOONESBURY GARRY TRUDEAU I 1 W^TUM?T 7W4WKS. I BUT I UJHOA. .6OOQ j wFvttINACaXP.THEN? WAH.SURB. J I CtKMU-11 I 7WCteW S^Sr^fSkFFOMHOtUON,IF/WON£ ALL* tfs A I I70 words
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Page 19 Advertisements
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Advertisement149 1993-05-15 19 t We 11 Xfcv IJ^BI M it 11 1 |J^ A I We didn't re-invent the wheel... we just mode it disappear. Samsonite's latest convenient and compact Swing-Wheel a Cart** is a revolutionary luggage trolley. Its unique design J enables the wheels to fold in, out of the way, reducing149 words
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PERSONAL FINANCE & INVESTMENT
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BULL' S EYE
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Article, Illustration487 1993-05-15 20 Those polled on their views oj the Singapore stock market for the week ahead: Baring Securities. Crosby Securities. Dai* a Securities Singapore. DBS Asset Management. Kim Eng Securities. Morgan Grenfell Asia Securities. Ong Company. Peregrine Securities. Phillip Securities. OCBC Securities. Tat Lee Securities. LOB Securities487 words
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Article, Illustration206 1993-05-15 20 Richard K Palmer - Richard K Palmer Associate Director Ong Research Pte Ltd, Ong Co u\i/ HILE stock markets TT throughout Asia are in a bull run, attention should be paid to the unique attributes of the Singapore market. At the end of the day, fundamentals yield long-term investment performance. Thanks206 words
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Article, Illustration1397 1993-05-15 20 Quak Hiang Whai - Quak Hiang Whai looks at the returns offered by closed-end funds Quak Hiang Whai SOME years ago. a shareholder took on the board of directors at Overseas Union Securities in a bid to "unitise" the closed-end fund. His argument was that theSource: GK Goh - 1,397 words
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1014 1993-05-15 20 Genevieve Cua - STOCK By Genevieve Cua THE LAST few days must have been anxious ones for Singapore Technologies Industrial Corporation (STIC). The group is getting mixed signals on how investors are likely to respond to its maiden public offer of 170 million shares. On1,014 words
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Article, Illustration466 1993-05-15 20 Narjeeb Jarhom - CHART By Narjeeb Jarhom The writer is the research manager of Fraser Securities THE youthfulness of the current bull market now into its eighth month only has given investors greater confidence about the upside potential of the Straits Times Industrials Index. There are a few466 words
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Article, Illustration1140 1993-05-15 21 Joyce Quek - Joyce discovers u jirowinii investment murket tor C hinesc pmntiniis unci ceniroics Joyce Quek r f HERE is a big ww I market for I Chinese art because it is very much underpriced in general furniture, old paintings and various art objects. "We still1,140 words
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Article, Illustration221 1993-05-15 21 Paul Leo - Spotlight currency By Paul Leo THE Singapore dollar broke out of its 257point range against the German deutschemark this week and is poised to strengthen further. The local unit had been trading between 0.97(H) and 0.9957 marks since April 2. before. breaking aboveSource: TeleTrac - 221 words
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Article, Illustration575 1993-05-15 21 Investing your CPF savings: DBS Bank replies Q: I am very keen to use ray CPF funds to participate in the Singapore Technologies offer at $0.85 a share. How do I go about it? A: Share applicants who are using575 words
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872 1993-05-15 21 Philip Coggan - If the investment climate has suffered a sea change, there are deep implications for portfolios, says Philip Coggan Philip Coggan FT SHOULD the private investor be buying bonds or equities for the *****? If you examine investment history, there appears to be noFT - 872 words
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Page 20 Advertisements
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Page 23 Advertisements
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Advertisement355 1993-05-15 23 THE WINNING EDGE I —1 /tfc*!lS**/ IN-DEPTH BUSINESS ijior over two decades Singapore Business has covered 1 M ill IT the local and regional business scenes with more depth YY A and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call355 words
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Page 25 Advertisements
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Advertisement19 1993-05-15 25 WIIOI;VI:Q cS/WCS Quality Quantity I x wr c X TC X .I I 111 I IASN'T TlC>li:n WESTIN CATERING.19 words
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Page 26 Advertisements
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Advertisement45 1993-05-15 26 How can you get fit filter? HfUßkjn his 1138PMBIBgBBi^^^^^^B m l^^^BßPP^" ->® x y --^B^m *r Jbl-, I "J. *?w jjr sT' ?%2&raSfcsfr&y I j 1 -v- w j^lA Kv, Jm j jgv 11WW1 I I hJ v M v iJ a i 1 B ft45 words
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Advertisement18 1993-05-15 26 GIVING gr SESL2* you MMINSSiI WINNING EDGE HanTtTT^^^^. ntmeu you MJIUiUU !W«» Mmllnn svaa:" m Mi MAY 199318 words
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Advertisement83 1993-05-15 26 A egetarian Treats I at China China M M Restaurant set menu m for 10 from $268.00 \S amaguri (Live' big clam) "'y-' I at Nishiki Restaurant served in 4 tantalising styles all at $12.00 (2 pieces) For reservations, please call our Restaurant Manager at 221 2811. >«r rrsUmrdiih u'eUour83 words
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Page 27 Advertisements
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Advertisement625 1993-05-15 27 NoUung Beats A Bud, OF HIGH TEA AT CAFE CAROUSEL j I Adult $10.80++ Child $&80++ I You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes, I at our high tea buffet. Only on Saturdays and Sundays from 1 I 3pm to 5.30pm. f i625 words
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Advertisement305 1993-05-15 27 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. Wi Choose from an astonishing variety of savoury and sweet favourites. And if that's not enough, our tea special also includes karaoke at Singsation, Singapore s only theme karaoke lounge. So pop over305 words
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Advertisement374 1993-05-15 27 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. gfclil I' 1 To add to your enjoyment, DfflQ all these are well within374 words
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Page 28 Miscellaneous
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Miscellaneous2246 1993-05-15 28 TODAY'S TV JJ elab ta f ,ah a brought forth the 10.00 New Mysteries Of Scooby Rebel From China, 10pm, SBC 8 Wonders In China, 9am, t* u.oo Adventures SpeedJohn Woo and Cecilia Vip star Featuring a pair of young aero- Bomber. racer. in this 1991 Hongkong tale of bats2,246 words
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